Dhatre Udyog Ltd - Stock Valuation and Financial Performance

BSE: 540080 | NSE: | Steel & Iron Products | Small Cap

Dhatre Udyog Share Price

23.70 1.10 4.87%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Dhatre Udyog

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

1. Quality

2. Valuation

Overvalued

3. Price Trend

Dhatre Udyog stock performance -

mw4me loader
P/E Ratio (SA):
38.64
Market Cap:
258.2 Cr.
52-wk low:
7.6
52-wk high:
31.7

Is Dhatre Udyog Ltd an attractive stock to invest in?

1. Is Dhatre Udyog Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Dhatre Udyog Ltd is a below average quality company.

2. Is Dhatre Udyog Ltd undervalued or overvalued?

The key valuation ratios of Dhatre Udyog Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Dhatre Udyog Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Dhatre Udyog Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Dhatre Udyog:

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.
Dhatre Udyog 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 9%8.7%9.2%10.2%9.5%8.3%-7.1%-18.1%-68.2%11.8%-
Value Creation
Index
-0.4-0.4-0.3-0.3-0.3-0.4-1.5NA-5.9-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 57659650377477875235977.911.6107107
Sales YoY Gr.-3.4%-15.6%54%0.4%-3.3%-52.3%-78.3%-85.1%821.7%-
Adj EPS 0.20.20.30.20.20.2-2.8-5.1-133.10.60.6
YoY Gr.-5.9%38.9%-24%10.5%-4.8%-1515%NANANA-
BVPS (₹) 3.23.43.53.63.73.91-3.971.85.663
Adj Net
Profit
1.31.31.92.12.32.2-30.9-55.9-72.66.77
Cash Flow from Ops. 16.712.26.5-10.57.318.2-10331.40.1-2.3-
Debt/CF from Ops. 5.16.713.1-10.215.76.7-2.36.527.5-0.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -17.1%-32.7%-33.2%821.7%
Adj EPS 15.3%23.8%NANA
BVPS6.5%8.9%78.2%-92.2%
Share Price - 50.8% 130.7% 203.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
5.75.57.36.55.85.3-116.3356.6-1958.612.11.8
Op. Profit
Mgn %
1.91.72.72.42.52.3-7.4-73.376.62.5
Net Profit
Mgn %
0.20.20.40.30.30.3-8.6-71.7-624.76.26.2
Debt to
Equity
3.73.33.32.82.92.922-4.80.10-
Working Cap
Days
828910383871122277682,58414520
Cash Conv.
Cycle
4443554333521536892,21513018

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 10.30%

Sales growth is good in last 4 quarters at 511.88%

Sales growth has been subdued in last 3 years -33.15%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Dhatre Udyog Ltd.

Standalone Consolidated
TTM EPS (₹) 0.6 0.6
TTM Sales (₹ Cr.) 107 107
BVPS (₹.) 63 63
Reserves (₹ Cr.) 58 58
P/BV 0.38 0.38
PE 38.64 38.67
From the Market
52 Week Low / High (₹) 7.57 / 31.73
All Time Low / High (₹) 0.70 / 31.73
Market Cap (₹ Cr.) 258
Equity (₹ Cr.) 10.9
Face Value (₹) 1
Industry PE 25.1

Management X-Ray of Dhatre Udyog:

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 Dhatre Udyog

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales5765965037747777523597812107
Operating Expenses 56558649075675873538613511100
Manufacturing Costs0076697776
Material Costs55457747473873470634571090
Employee Cost 3222244534
Other Costs 88791617305201
Operating Profit 111013181917-27-5717
Operating Profit Margin (%) 1.9%1.7%2.6%2.4%2.4%2.3%-7.6%-73.3%7.0%6.6%
Other Income 4411334503
Interest 121112161716232700
Depreciation 1111112111
Exceptional Items 0000-10001020
Profit Before Tax 222333-48-801029
Tax 111111-17-27363
Profit After Tax 111222-31-53677
PAT Margin (%) 0.3%0.2%0.2%0.3%0.2%0.3%-8.7%-68.1%574.6%6.2%
Adjusted EPS (₹)0.20.20.20.20.20.2-2.9-4.9122.40.6
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 23252639404211-423961
Share Capital 7771111111111111
Reserves 1617182829310-533950
Minority Interest0000000000
Debt85818510711512123720331
Long Term Debt16141414101617131
Short Term Debt6867719310510522020100
Trade Payables65595395901194200
Others Liabilities 88951114-9-194-4
Total Liabilities 1811731722452552962431434659

Fixed Assets

Gross Block14141517182125211314
Accumulated Depreciation3455113645
Net Fixed Assets101011121719221599
CWIP 0000120000
Investments 1223332000
Inventories44513857201813227
Trade Receivables91841011371762161751103038
Cash Equivalents 19151420182619001
Others Assets16106162012121654
Total Assets 1811731722452552962431434659

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 17126-11718-103310-2
PBT 222333-48-801029
Adjustment 1111111517143766-102-2
Changes in Working Capital 40-6-28-122-92450-9
Tax Paid 0-1-1-10-2-1000
Cash Flow From Investing Activity 1-22-4-4-1193100
Capex -1-1-10-6-4-190-1
Net Investments 0-22-50-962100
Others 1011334000
Cash Flow From Financing Activity -17-15-717-5-893-6313
Net Proceeds from Shares 000120000100
Net Proceeds from Borrowing 6-20-1000-36170
Interest Paid -12-11-11-15-18-16-23-2700
Dividend Paid 0000000000
Others -11-24221381160-273
Net Cash Flow 0-513-10-2010
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)6.585.764.876.494.55.33-118.09N/A013.34
ROCE (%)13.112.612.414.6513.3412.07-12.08N/A96.3516.35
Asset Turnover Ratio3.643.432.973.763.562.731.330.40.122.04
PAT to CFO Conversion(x)17126-5.53.59N/AN/A0-0.29
Working Capital Days
Receivable Days4753665564951996682,207116
Inventory Days2829322216916354715
Payable Days303943364654651501

Dhatre Udyog Ltd Stock News

Dhatre Udyog Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Dhatre Udyog on 28-Mar-2024 16:01 is ₹23.70.
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 28-Mar-2024 16:01 the market cap of Dhatre Udyog stood at ₹258.2.
The latest P/E ratio of Dhatre Udyog as of 28-Mar-2024 16:01 is 38.64.
The latest P/B ratio of Dhatre Udyog as of 28-Mar-2024 16:01 is 0.38.
The 52-week high of Dhatre Udyog is ₹31.73 and the 52-week low is ₹7.57.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Dhatre Udyog is ₹107.1 ( Cr.) .

About Dhatre Udyog Ltd

Incorporated in 1995, the company Narayani Steels, promoted by Shri Sunil Choudhary, started its operations with acquisition of a steel rolling plant in Vizianagaram. The company further acquired its second plant in 2012. The company strengthened its roots in Vishakhapatnam steel industry by expanding its business operations on a wide scale over the years. This fact is evidenced by increase in its business turnover from over Rs 200 crore in Financial Year 2011 to over Rs 500 crore in Financial Year 2016.

Currently, the company operates from two manufacturing units, both of which are situated in Vizianagaram district; one being used for production of angles, flats, channels, rounds, etc while the second unit is used for production of TMT Bars. The company procures billets and blooms from Rashtriya Ispat Nigam Limited (RINL), a Government of India undertaking which is renowned for its superior quality steel products.

The company provides TMT Bars as per approved industrial standards, and ensures that all its products have the appropriate content of various chemical compositions. Further, the company has an in-house testing facility for testing chemical composition of its products. With a goal to maintain standards in terms of quality and customer satisfaction, it is committed to satisfy customer compliance by supplying Narayani TMT Rebars as per the prescribed quality controls by government. The company has developed a wide network for the sales and distribution of its products across Andhra Pradesh, Telangana and other states in India.

Business area of the company

The company is engaged in trading and manufacturing of hot rolled long products of value added steel. The company primarily trade in blooms, billets, TMT bars, pellets, etc and also manufacture TMT bars and other long products such as rounds, flats, angles, channels, etc.

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