Volga Air Technics Ltd - Stock Valuation and Financial Performance

Name: Volga Air Technics
Brand: Volga Air Technics

BSE: 531350 | NSE: | Air Conditioners | Small Cap

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Volga Air Technics stock performance -

PE Chart Key Ratios

P/E Ratio (SA):

0.00

Market Cap:

0.7 Cr.

52-wk low:

52-wk high:

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10 Year X-Ray of Volga Air Technics:

Analysis of Financial Track Record

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

Standalone Basis ^P Consolidated Basis

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'05	Mar'06	Mar'07	Mar'08	Mar'09	Mar'10	Mar'11	Mar'12	Mar'13	Mar'14	TTM
ROCE % ⓘ	3.5%	1.6%	8.5%	-3.5%	-35.7%	-90.8%	6%	-4.2%	-0.6%	-4.9%	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	2.4	2	2.7	3.3	2	1.8	0	0	0	0	0
Sales YoY Gr.	-	-13.9%	32.8%	23.3%	-40.1%	-10.5%	-99.4%	-100%	NA	NA	-
Adj EPS ⓘ	0.3	0.1	0.5	-0.1	-0.8	-1.2	0.1	-0.1	-0	-0.1	-0.1
YoY Gr.	-	-53.3%	235.7%	-119.2%	NA	NA	NA	-183.3%	NA	NA	-
BVPS (₹) ⓘ	-8.6	-8.6	-10.7	-10.8	-11.5	-12.7	-12.7	-12.7	-12.7	-12.8	-5.2
Adj Net Profit ⓘ	0.2	0.1	0.4	-0.1	-0.6	-1	0.1	0	0	-0.1	0
Cash Flow from Ops. ⓘ	0.3	0.3	0.6	0.3	0	-0.2	-0.2	0.1	-0.5	-0.1	-
Debt/CF from Ops. ⓘ	48.5	38.8	18.3	34	-348.8	-52.4	-51	117.4	-24.4	-182.3	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	-100%	-100%	-100%	NA
Adj EPS ⓘ	-186.3%	NA	-210.1%	NA
BVPSⓘ	NA	NA	NA	NA
Share Price	-	-	-	-

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'05	Mar'06	Mar'07	Mar'08	Mar'09	Mar'10	Mar'11	Mar'12	Mar'13	Mar'14	TTM
Return on Equity % ⓘ	-3.8	-1.8	-5.1	0.9	6.8	9.8	-0.5	0.4	0.1	0.6	0.9
Op. Profit Mgn % ⓘ	4.5	6.9	9	-3.7	-20.9	-46.4	-1636.7	0	0	0	-20.6
Net Profit Mgn % ⓘ	10.3	5.4	14	-2.2	-30.3	-53.3	468	0	0	0	-INF
Debt to Equity ⓘ	-1.9	-1.9	-1.2	-1.2	-1.1	-1.1	-1.1	-1.1	-1.1	-1.1	-
Working Cap Days ⓘ	82	96	76	57	79	62	5,809	0	0	0	0
Cash Conv. Cycle ⓘ	-58	-22	-6	0	-20	-58	1,238	0	0	0	0

Recent Performance Summary

No data to display

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

Sales growth has been subdued in last 3 years %

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

Latest Financials - Volga Air Technics Ltd.

	Standalone	Consolidated
TTM EPS (₹)	-0.1	-
TTM Sales (₹ Cr.)	0	-
BVPS (₹.) ⓘ	-5.2	-
Reserves (₹ Cr.) ⓘ	-12	-
P/BV ⓘ	-0.17	-
PE ⓘ	0.00	-

From the Market
52 Week Low / High (₹)	0.00 / 0.00
All Time Low / High (₹)	0.50 / 19.00
Market Cap (₹ Cr.)	0.7
Equity (₹ Cr.)	8.1
Face Value (₹)	10
Industry PE ⓘ	79.8

Management X-Ray of Volga Air Technics:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

23.69

0.00

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

Valuation of Volga Air Technics

Analyst's Notes

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Key Ratios of Volga Air Technics

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'05	Mar'06	Mar'07	Mar'08	Mar'09	Mar'10	Mar'11	Mar'12	Mar'13	Mar'14
Sales	2.37	2.04	2.71	3.34	2	1.79	0.01	0	0	0
Operating Expenses ⓘ	2.28	2.01	2.93	3.46	2.43	2.62	0.19	0.05	0.06	0.07
Manufacturing Costs	0.52	0.40	0.72	0.99	0.53	0.14	0.02	0.02	0.03	0.04
Material Costs	0.64	0.51	0.52	0.77	0.54	1.32	0.05	0	0	0
Employee Cost	0.78	0.78	1	1.45	0.96	0.63	0.04	0	0	0
Other Costs ⓘ	0.34	0.32	0.69	0.26	0.40	0.53	0.08	0.02	0.03	0.02
Operating Profit ⓘ	0.10	0.03	-0.23	-0.13	-0.43	-0.83	-0.18	-0.05	-0.06	-0.07
Operating Profit Margin (%)	4.2%	1.4%	-8.4%	-3.8%	-21.3%	-46.4%	-1,841.2%	-	-	-
Other Income ⓘ	0.47	0.32	0.56	0.24	0.03	0.03	0.21	0.01	0.06	0
Interest ⓘ	0	0	0	0	0	0	0	0	0	0
Depreciation ⓘ	0.33	0.32	0.28	0.19	0.21	0.15	0	0	0	0
Exceptional Items ⓘ	0.02	0.02	0	0	0	0	0.01	0	0	0
Profit Before Tax ⓘ	0.25	0.04	0.05	-0.08	-0.61	-0.95	0.04	-0.04	-0.01	-0.06
Tax ⓘ	0	0	0	0	0	0	0	0	0	0
Profit After Tax	0.25	0.04	0.05	-0.08	-0.61	-0.95	0.04	-0.04	-0.01	-0.06
PAT Margin (%)	10.6%	2.1%	1.9%	-2.3%	-30.5%	-53.3%	424.3%	-	-	-
Adjusted EPS (₹)	0.3	0.1	0.1	-0.1	-0.8	-1.2	0.1	-0.1	0.0	-0.1
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'05	Mar'06	Mar'07	Mar'08	Mar'09	Mar'10	Mar'11	Mar'12	Mar'13	Mar'14
Equity and Liabilities
Shareholders Fund	-6.32	-6.29	-8.58	-8.67	-9.28	-10.25	-10.22	-10.26	-10.27	-10.33
Share Capital ⓘ	8.13	8.13	8.13	8.13	8.13	8.13	8.13	8.13	8.13	8.13
Reserves ⓘ	-14.44	-14.42	-16.71	-16.80	-17.41	-18.38	-18.35	-18.39	-18.40	-18.46
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	13.43	13.10	10.75	10.62	10.71	10.92	11.13	11.24	11.55	11.59
Long Term Debt	13.43	13.10	10.75	10.62	10.71	10.92	11.13	11.24	11.55	11.59
Short Term Debt	0	0	0	0	0	0	0	0	0	0
Trade Payables	0.63	0.59	0.44	0.46	0.59	0.64	0.48	0.63	0.17	0.17
Others Liabilities ⓘ	0.62	0.58	0.60	0.68	0.84	1.19	1.03	0.97	0.97	0.97
Total Liabilities ⓘ	8.37	7.97	3.22	3.09	2.86	2.50	2.41	2.58	2.42	2.39
Fixed Assets
Gross Block	12.15	12.03	6.48	6.69	6.71	6.74	6.69	2.26	2.26	2.26
Accumulated Depreciation	4.34	4.63	3.90	4.08	4.28	4.45	4.44	0	0	0
Net Fixed Assetsⓘ	7.81	7.40	2.58	2.60	2.43	2.30	2.26	2.26	2.26	2.26
CWIP ⓘ	0	0	0	0	0	0	0	0	0	0
Investmentsⓘ	0	0	0	0	0	0	0.03	0.03	0.03	0.03
Inventories	0.33	0.39	0.39	0.17	0.13	0.05	0	0	0	0
Trade Receivables	0.12	0.10	0.11	0.19	0.17	0.07	0.06	0.03	0.03	0.03
Cash Equivalents	0.03	0.02	0.06	0.02	0.03	0	0.01	0.21	0.06	0.04
Others Assetsⓘ	0.08	0.06	0.07	0.10	0.11	0.09	0.05	0.05	0.05	0.05
Total Assets ⓘ	8.37	7.97	3.22	3.09	2.86	2.50	2.41	2.58	2.42	2.39

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'05	Mar'06	Mar'07	Mar'08	Mar'09	Mar'10	Mar'11	Mar'12	Mar'13	Mar'14
Cash Flow From Operating Activity ⓘ	0.28	0.34	0.59	0.31	-0.03	-0.21	-0.22	0.10	-0.47	-0.06
PBT ⓘ	0.23	0.03	0.05	-0.09	-0.61	-0.97	0.03	-0.04	-0.71	-0.06
Adjustment ⓘ	0.31	0	-0.26	-0.04	0.29	0.13	-0.21	-0.01	-0.06	0
Changes in Working Capital ⓘ	-0.34	-0.12	-0.23	0.2	0.36	0.59	-0.27	0.14	0.24	-0
Tax Paid ⓘ	0	0	0	0	0	0	0	0	0.05	0
Cash Flow From Investing Activity ⓘ	-0.01	-0.02	1.72	-0.22	-0.04	-0.04	0.02	-0.15	0.15	0
Capex	-0.01	-0.02	1.72	-0.22	-0.04	-0.04	0.02	0	0	0
Net Investments	0	0	0	0	0	0	0	0	0.15	0
Others ⓘ	0	0	0	0	0	0	0	-0.15	0	0
Cash Flow From Financing Activityⓘ	-0.23	-0.33	-2.26	-0.13	0.08	0.22	0.20	0.11	0.32	0.03
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0.02	-1.78	-0.12	-0.02	-0.01	0	0	0.32	0.03
Interest Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	-0.23	-0.35	-0.49	0	0.10	0.23	0.20	0.11	0	0
Net Cash Flow ⓘ	0.03	-0.02	0.04	-0.04	0.01	-0.03	0.01	0.06	0	-0.03

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'05	Mar'06	Mar'07	Mar'08	Mar'09	Mar'10	Mar'11	Mar'12	Mar'13	Mar'14
Ratios
ROE (%)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
ROCE (%)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Asset Turnover Ratio	0.28	0.25	0.48	1.06	0.67	0.67	0	0	0	0
PAT to CFO Conversion(x)	1.12	8.5	11.8	N/A	N/A	N/A	-5.5	N/A	N/A	N/A
Working Capital Days
Receivable Days	19	20	14	17	33	24	2,370	0	0	0
Inventory Days	51	64	52	31	27	18	0	0	0	0
Payable Days	482	440	360	215	357	170	3,824	0	0	0

Volga Air Technics Ltd Stock News

Volga Air Technics Ltd FAQs

What is the share price of Volga Air Technics?

Company share prices are keep on changing according to the market conditions. The closing price of Volga Air Technics on 01-Jan-1970 05:30 is ₹0.00.

What is the market cap of Volga Air Technics?

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 01-Jan-1970 05:30 the market cap of Volga Air Technics stood at ₹0.73.

What is the P/E ratio of Volga Air Technics?

The latest P/E ratio of Volga Air Technics as of 01-Jan-1970 05:30 is 0.00.

What is the P/B ratio of Volga Air Technics?

The latest P/B ratio of Volga Air Technics as of 01-Jan-1970 05:30 is -0.17.

What is the 52-week high and low of Volga Air Technics?

The 52-week high of Volga Air Technics is ₹0.00 and the 52-week low is ₹0.00.

What is the TTM revenue of Volga Air Technics?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Volga Air Technics is ₹0.00 ( Cr.) .

About Volga Air Technics Ltd

Volga Air Technics (Volga) was incorporated as a private limited company in April 1993. The company commenced its production by manufacturing components of air flow control equipments such as fan blades, blowers and impellers, air purifiers, air coolers, and air curtains in January 1994. It planned for a major expansion for getting up lines for manufacturing air conditioners, water coolers and condensing coil units in 1995. To part finance the expansion project, Volga offered equity shares to the public in November, 1995, which was oversubscribed more then four times. The company also took term loans from Industrial Development Bank of India (IDBI) and Gujarat industrial Investment Corporation (GIIC)

In the year 1995-96, the company signed a Memorandum of Understanding (MoU) with Godrej-GE Appliance (a Joint Venture with Godrej, India and GE, USA) to manufacture 0.75 tonne window air conditioners for it. The company has also has been supplying water coolers to Blue Star and AC kits to Amtrex Hitachi Appliances. Apart from these, Volga has been a regular supplier of fan blades and blowers to major air conditioning companies like Amtrex Hitachi Appliances, Voltas, Blue Star, Videocon Appliances, Air Command India, etc. After setting up the state-of-the-art plant, Volga also started selling air conditioners and water coolers under its own brand name --Volga. At that point of time the demand for room air conditioners was rising very fast in India.

However, due to the entry of the MNCs and consequent increase in marketing and advertising costs, Volga then concentrated on OEM supplies. It, however, continued to sell the water coolers through its distribution network under the brand name Volga.

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