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Cubex Tubings Ltd. Stock Analysis

Small Cap
Evaluated by 233 users | BSE: 526027 | NSE: CUBEXTUB |
Metal - Non Ferrous
Cubex Tubings (CBL) incorporated in 1979, is engaged in manufacturing of seamless tubes, rods, strips and wires. Company's manufacturing facilities are located at Medak district of Andhra Pradesh and in Mettupalayam, Pondicherry. The installed manufacturing capacity is 2,800 MTPA. Cubex...

Analysis of Financial Track Record

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.
Value Creation
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 4.08%2.15%0.73%0.15%-0.32%0.44%0.69%0.66%0.78%1.33%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 64.353.157.139.84557.651.846.75174.9
Y-o-Y Gr. Rt.--17.5%7.6%-30.3%12.9%28.2%-10%-9.9%9.1%46.9%
Adjusted EPS (Rs.) 2.521.260.250.03-0.180.150.210.160.130.32
Y-o-Y Gr. Rt.--50%-80.2%-88%-700%NA40%-23.8%-18.8%146.2%
Book Value per Share (Rs.) 57.458.7142.5642.5939.5439.3639.3739.6340.0740.55
Adjusted Net Profit 1.90.90.30-0.30.20.30.20.20.5
Net Op. Cash Flow (Rs. Cr.) 3.94.6-2.86-2.32.61.62.23.6-5.2
Debt to Cash Flow from Ops 1.451.27-2.040.9-2.4122.82.321.99-1.1
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Cubex Tubings Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 1.7%10.7%13%46.9%
Adjusted EPS -20.5%NA15.1%146.2%
Book Value per Share -3.80.511.2
Share Price 0.8% 5.7% -17% -4.1%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 4.52.180.610.06-0.470.380.530.410.340.81
Operating Profit Margin (%) 3.54.443.231.92-1.291.270.570.14-0.320.81
Net Profit Margin (%) 2.91.760.520.08-0.580.370.570.50.380.62
Debt to Equity 0.130.140.110.110.10.090.080.090.130.1
Working Capital Days 194207203305284243280329356241
Cash Conversion Cycle 123150144199182147154178192129
Entity Percentage Holding
Promoters 44.42%
Institutions 0.32%
Non-Institutions 55.22%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Cubex Tubings's performance infers:

Cubex Tubings earnings have grown by 0%, whereas share price has appreciated 5.7% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Cubex Tubings share prices over the last 10 years. Here is what we found out:

Cubex Tubings share price has appreciated -4.5% annually over the past ten years.

Cubex Tubings (CBL) incorporated in 1979, is engaged in manufacturing of seamless tubes, rods, strips and wires. Company's manufacturing facilities are located at Medak district of Andhra Pradesh and in Mettupalayam, Pondicherry. The installed manufacturing capacity is 2,800 MTPA.

Cubex Tubings has clients from various sectors such as chemicals and fertilizers, petrochemicals and oil refineries, electronics and

Cubex Tubings (CBL) incorporated in 1979, is engaged in manufacturing of seamless tubes, rods, strips and wires. Company's manufacturing facilities are located at Medak district of Andhra Pradesh and in Mettupalayam, Pondicherry. The installed manufacturing capacity is 2,800 MTPA.

Cubex Tubings has clients from various sectors such as chemicals and fertilizers, petrochemicals and oil refineries, electronics and telecommunication, ship building and automotive transport, power generation and energy distribution, atomic energy, space research and defence, machine building and general engineering and electrical industries.

Company has set up in house a testing unit that conducts various activities such as pneumatic testing, equipments, hydrostatic testing, chemical analysis, hardness testing, dimensional inspection, stress corrosion testing, ultrasonic test, ammonia vapour test, microscopic examination and hardness testing.

Products manufactured by company find applications in segments like Power Sector, Medical gases, Automotive's, Refineries, Railways, Shipping and General Engineering.

Products

Copper-Company manufactures various types of copper such as DHP Copper, ETP Copper, OFHC Copper and Silver Bearing Copper. CBL will manufacture tubes ranging from 4mm OD to 200mm OD; rods up to 150 mm diameter; strips up to 200mm in width and super enamelled copper wire ranging 12 SWG to 36 SWG

Brass- Under this company manufactures alloy range such as 70/30 brass, 63/37 brass, admirality brass, aluminium brass and other compositions. Company produces tubes ranging from 3mm OD to 150mm OD and rods up to 150mm diameter.

Cupronickel- Under this company manufactures 95/5 alloy, 90/10 alloy and 70/30 alloy.  Company manufactures tubes ranging from diameter 3mm OD to 150mm OD and rods up to 70mm diameter.

Future Plans

Cubex Tubings plans to expand its products presence and increase its product portfolio in future.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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