Noida Toll Bridge Company Ltd - Stock Valuation and Financial Performance

BSE: 532481 | NSE: NOIDATOLL | Engineering - Construction | Small Cap

Noida Toll Bridge Company Ltd Share Price

11.39 -0.23 -1.98%
as on 23-Feb'24 16:59

DeciZen - make an informed investing decision on Noida Toll Bridge

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

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Semi Strong

Noida Toll Bridge Company stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
212.1 Cr.
52-wk low:
5.7
52-wk high:
15.6

Is Noida Toll Bridge Company Ltd an attractive stock to invest in?

1. Is Noida Toll Bridge Company Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Noida Toll Bridge Company Ltd is a average quality company.

2. Is Noida Toll Bridge Company Ltd undervalued or overvalued?

The key valuation ratios of Noida Toll Bridge Company Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Noida Toll Bridge Company Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Noida Toll Bridge 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 Noida Toll Bridge:

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.
Noida Toll Bridge Company Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 10.8%16.5%18.2%0.9%-10.4%-6.5%-7.1%-10.1%-11.6%-11%-
Value Creation
Index
-0.20.20.3-0.9-1.7-1.5-1.5-1.7-1.8-1.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 11912312982.116.320.424.712.916.123.715
Sales YoY Gr.-3%4.9%-36.4%-80.2%25.1%21.3%-47.6%24.8%47%-
Adj EPS 2.84.35.20-3.1-1.9-1.7-2.2-2.2-1.9-2
YoY Gr.-54%20.8%-99.2%-7850%NANANANANA-
BVPS (₹) 26.32727.425.722.620.71916.814.612.711.3
Adj Net
Profit
51.879.796.20.7-57.8-35.9-31.1-40.5-41.5-35.3-36
Cash Flow from Ops. 74.968.371.233.8-3.70.710.3-12.523.8-
Debt/CF from Ops. 0.30.30.61.6-16.6936.5-67.427.22.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -16.4%7.8%-1.3%47%
Adj EPS -195.8%NANANA
BVPS-7.8%-10.9%-12.6%-13%
Share Price -6.5% 13.6% 22.5% 65.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
10.616.1190.2-12.9-8.9-8.4-12.1-14.2-13.9-16.4
Op. Profit
Mgn %
73.871.472.154.1-56.9-2525.45.8-3.912.1-4
Net Profit
Mgn %
43.464.874.60.9-355-176.4-125.8-312.9-257-148.7-237
Debt to
Equity
0.100.10.10.20.20.20.20.30.3-
Working Cap
Days
1441951401651,1088546721,3071,076670651
Cash Conv.
Cycle
-105171601075620519460-766

Recent Performance Summary

No data to display

Return on Equity is Poor

Sales growth has been subdued in last 3 years -1.33%

Sales growth is not so good in last 4 quarters at -38.64%

Latest Financials - Noida Toll Bridge Company Ltd.

Standalone Consolidated
TTM EPS (₹) -2 -2
TTM Sales (₹ Cr.) 15.4 15.4
BVPS (₹.) 11.3 11.3
Reserves (₹ Cr.) 24 24
P/BV 1.01 1.01
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 5.71 / 15.60
All Time Low / High (₹) 2.42 / 85.05
Market Cap (₹ Cr.) 212
Equity (₹ Cr.) 186.2
Face Value (₹) 10
Industry PE 41.5

Management X-Ray of Noida Toll Bridge:

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

Key Ratios of Noida Toll Bridge

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Balance Sheet

(All Figures are in Crores.)

Profit And Loss

(All Figures in Cr. Adjusted EPS in Rs.)

Cash Flow

(All Figures are in Crores.)

Noida Toll Bridge Company Ltd Stock News

Noida Toll Bridge Company Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Noida Toll Bridge on 23-Feb-2024 16:59 is ₹11.39.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 23-Feb-2024 16:59 the market cap of Noida Toll Bridge stood at ₹212.1.
The latest P/E ratio of Noida Toll Bridge as of 23-Feb-2024 16:59 is 0.00.
The latest P/B ratio of Noida Toll Bridge as of 23-Feb-2024 16:59 is 1.01.
The 52-week high of Noida Toll Bridge is ₹15.60 and the 52-week low is ₹5.71.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Noida Toll Bridge is ₹15.40 ( Cr.) .

About Noida Toll Bridge Company Ltd

The Noida Toll Bridge Company (NTBCL) has been promoted by Infrastructure Leasing and Financial Services Ltd. (IL&FS) as a special purpose vehicle (SPV) incorporated on April 8, 1996 in Uttar Pradesh under the Indian Companies Act,1956, as a public company limited by shares to develop construct, operate and maintain the DND Flyway on a Build Own Operate Transfer (BOOT) basis. NTBCL is a public listed company. 

DND Flyway grew out of a need to bridge the growing population of Delhi with its neighbours across the Yamuna. The Flyway, an outcome of innovative technical and financial engineering, has been built with due care for environmental concerns. The Citizens Committee was formed to oversee the requisite environmental safeguards during construction - a feature pointed out by the World Bank as being the first of its kind in the world. The project was commissioned on February 7, 2001, almost 4 months ahead of schedule and broadly within the budget.

The company’s principal business is operating the bridge, the revenues being generated mainly through the levy of toll charges on users of the bridge. The company has set up a 100% subsidiary, DND Flyway, for the implementation of development rights. Part of the surplus land on the Noida side has been transferred to the subsidiary.

The Company had issued 1,24,99,999 Global Depository Receipts (GDRs) (including the Green Shoe Option of 11,36,363 GDRs) each representing 5 underlying ordinary shares of Rs. 10 each), in March/April 2006. As on March 31, 2009, there were 6,52,019 GDRs outstanding, representing 32,60,095 underlying equity shares.The Company had filed a petition for a Scheme of Arrangement which included an amalgamation, with its wholly owned subsidiary, DND Flyway Limited, under Sections 391- 394 of the Companies Act, 1956.In 2007 the High Courts of Allahabad and Delhi have approved the Scheme of Amalgamation between the Company and its 100% subsidiary, DND Flyway.

In March and April 2006, the Company raised approximately $49.5 million through a placing of approximately 12.5 million GDRs (each GDR representing five Equity Shares) which were admitted to trading on AIM. The GDRs were issued under the terms of the deposit agreement dated March 21, 2006 between the Company and Deutsche Bank Trust Company Americas.  The GDRs constituted approximately 62.5 million Equity Shares and represented approximately 33.58% of the enlarged equity share capital of the Company at that time.

The Company convened a General Meeting of its GDR holders on April 6, 2009 at the registered office of the Company in Uttar Pradesh, India to seek approval from the GDR holders of the Company for the cancellation of the admission of the GDRs to trading on the AIM market of the London Stock Exchange plc.ITNL Toll Management Services Limited (ITMSL) was incorporated as a joint venture company with IL&FS Transportation Networks Limited, who have significant experience in operations and maintenance of toll road projects. The Company was set up to carry out O&M services for Noida Toll Bridge and other similar ventures on a pan- India basis. The O&M services of the bridge have been taken over by ITMSL.

Future plan

The Noida Toll Bridge Company proposes to establish an additional bridge across the river Yamuna as a toll bridge to serve the needs of the region. The Company proposes to use a technology for the bridge which involves a continuous box girder deck based design requiring less raw materials for construction.

Recent development

The company’s proposal for delisting its Global Depository Receipts (GDRs) from the Alternative Investment Market (AIM) of London Stock Exchange has been rejected by the share holders.

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