IL&FS Engineering and Construction Company Ltd Stock Analysis

BSE: 532907 | NSE: IL&FSENGG | Engineering - Construction | Small Cap

BSE Share Price Jul 06, 18:01
11.69 0.08 (0.69%)

DeciZen - Make an Informed Decision on IL&FS Engg. & Const.

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

FAQs

1. Is IL&FS Engineering and Construction Company Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that IL&FS Engineering and Construction Company Ltd is a below average quality company.

2. Is IL&FS Engineering and Construction Company Ltd undervalued or overvalued?

The key valuation ratios of IL&FS Engineering and Construction Company Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is IL&FS Engineering and Construction Company Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of IL&FS Engineering and Construction Company Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of IL&FS Engg. & Const.:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
IL&FS Engineering and Construction Company Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'11Sep'12Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % -2.8%0.5%4.4%9.2%2.2%9.4%11.8%-37.6%-18.7%-100.4%-
Value Creation Index -1.2-1.0-0.7-0.3-0.9-0.3-0.2NANANA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,0171,3632,1802,3601,8491,8231,9011,240562333308
YoY Gr. Rt. %-34%59.9%8.3%-21.7%-1.4%4.3%-34.8%-54.7%-40.8%-
Adj EPS -11.4-10.5-11.20.2-13.8-2.50.6-64.8-9.7-19.2-29.5
YoY Gr. Rt. %-NANANA-7342.1%NANA-11883.6%NANA-
BVPS (₹) 35.5120.812.72.69.710.3-144.9-175.9-197.6-227.1
Adj Net Profit -88-94-1002.1-167-32.87.2-850-127-252-386
Cash Flow from Ops. -97.153.9-36.5-135-12961.5-11645.921735.6-
Debt/CF from Ops. -8.716.9-30.6-14.3-15.233.1-21.758.612.374.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -11.7%-29%-44.1%-40.8%
Adj EPS NANA-427.1%NA
BVPS -221-338.7-367.60
Share Price -15.4% -23.9% 25.6% 85%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'11Sep'12Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % -20.7-28.4-44.70.8-82.7-26.25.596.3610.313.9
Op. Profit Mgn % -2.63.43.48.43.110.410.2-2.11.1-66.5-71
Net Profit Mgn % -8.7-6.9-4.60.1-9-1.80.4-68.5-22.5-75.8-125.6
Debt to Equity 1.53.36.46.915.81618.6-1.4-1.2-1-
Working Cap Days 5183513004996546737721,0741,6342,226816
Cash Conv. Cycle 1464141851199210122-359-6110

Recent Performance Summary

Sales growth is good in last 4 quarters at 12.86%

Return on Equity has declined versus last 3 years average to 13.90%

Sales growth has been subdued in last 3 years -44.06%

Latest Financials - IL&FS Engineering and Construction Company Ltd.

Standalone Consolidated
TTM EPS (₹) -29.5 -29.5
TTM Sales (₹ Cr.) 308 308
BVPS (₹.) -227.1 -219.2
Reserves (₹ Cr.) -3,109 -3,006
P/BV -0.05 -0.05
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 4.03 / 22.00
All Time Low / High (₹) 1.47 / 1144.25
Market Cap (₹ Cr.) 152
Equity (₹ Cr.) 131.1
Face Value (₹) 10
Industry PE 21.6

Management X-Ray of IL&FS Engg. & Const. :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

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News

About IL&FS Engineering and Construction Company Ltd

Maytas Infra, incorporated in 1988, is engaged in infrastructure development, construction and project management. The company has undertaken projects in segments such as roads/expressways/highways, buildings and industrial structures, irrigation canals and dams and thermal and hydel power.

Headquartered in Hyderabad, the company has offices at New Delhi and Bangalore. It operates subsidiaries namely Infra Trade FZE, Pondicherry Tindivanam Tollway, Maytas Mineral Resources, Maytas Infra Assets and Maytas (Singapore) Holding Pte.

The company already has strong presence in the infrastructure sectors like roads, irrigation, bridges etc and has made significant progress in ports, airport, oil & gas, and power sectors.

Maytas Infra continuously seeks to forge alliances with other companies to obtain the relevant knowhow and gain access tosuperior technology. Internationally, the company has partnered with Trafalgar House Constructions (Tunnelling), UK IJM Corporation Berhad, Malaysia, IJM Corporation Berhad, Malaysia, Cesma International, Singapore, Nishimatshu Constructions Co. Japan, Pacific Power International, Australia and Ozaltin, Turkey. 

In past, the company had had strategic alliances with IL&FS, Navabharat, GVK, Gayatri, Larsen & Toubro, IJM and Nagarjuna Constructions.

Business Functions

  • Design and Engineering
  • Project Development and Financing
  • Construction Management
  • Procurement and Logistics
  • Project Management 
  • Technology Deployment

Projects

  • Building and Structures- Under this, the  company undertakes construction of residential buildings, commercial buildings and industrial structures. It is involved in projects namely Singapore Class Township, Maytas Hill County, T-Eternity Mall-Lucknow, Byrraju Foundation, DG Map Residential Quarters-Kanpur, NAVAC Project-Kerala, IIT-Madras Project and JSW Steel Project-Karnataka
  • Water- The company constructs projects related to irrigation and water and hydro power. Under this segment it has completed projects namely Podagada Earthen Dam, Kapur Earthen Dam-Orissa, Narmada Main Canal Works, Kalpong Hydro Electric Project-Andaman and Nicobar Islands, Nagarjuna Sagar Canals Modernization Project and many more.
  • Transportation- Maytas Infra constructs roads and highways, urban transportation and railways and ports and airports. It is involved in projects namely NICE Project, Mumbai-Pune Expressway, Salem-Ulundurpet Road Project, Trichy-Padalur Road Project on NH-45 etc.
  • Energy- Under this segment, the company undertakes construction of hydel power, thermal power, power transmission and distribution and oil and gas including pipelines. It is involved in projects namely Kalpong Hydro Electric Project, Gautami Power Project, Karnataka Power Transmission Corporation in Bangalore, Gas Pipeline Project between Rajkot and Jamnagar for Gujarat State Petronet, Larji Hydro Electric Project, Hinduja Power Plant and many more. 

Future Plans

Maytas Infra intends targeting big ticket projects across different geographies. The company is also considering more complex projects in the industrial construction business which encompasses sectors like petrochemicals, oil and gas, signalling and telecommunication for the railways etc.

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