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Technocraft Industries (India) Ltd Stock Analysis

Small Cap
Evaluated by 590 users | BSE: 532804 | NSE: TIIL |
Steel & Iron Products
Technocraft Industries was incorporated on October 22, 1991 as Technocraft Industries (India) as an unlimited company under part IX of the Companies Act, 1956. Subsequently the company was re-registered as a public limited company and received a certificate for re-registration on October 28th,...

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'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 7.17%3.28%12.42%12.03%10.98%10.74%12.81%10.75%9.42%8.02%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 4725526488387897668641,0101,1511,189
Y-o-Y Gr. Rt.-17%17.4%29.4%-5.9%-2.9%12.9%17%13.9%3.3%
Adjusted EPS (Rs.) 10.54419.922.4123.113037.8438.2236.1134.08
Y-o-Y Gr. Rt.--62.1%397.5%12.6%3.1%29.8%26.1%1%-5.5%-5.6%
Book Value per Share (Rs.) 129.11133.75150.7170.2185.75205.46242.74264.76306.5348.53
Adjusted Net Profit 33.212.662.770.672.978.999.593.588.383.4
Net Op. Cash Flow (Rs. Cr.) 5.590.30.253.746.913728.7-6.923.7186
Debt to Cash Flow from Ops 28.410.95532.152.083.41.929.57-58.621.312.82
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.
Technocraft Industries (India) Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 10.8%8.6%11.2%3.3%
Adjusted EPS 13.9%8.1%-3.4%-5.6%
Book Value per Share 11.713.412.813.7
Share Price 31% 12.1% -9.4% 97.9%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 8.373.0313.9213.912.9413.9916.8814.5412.6410.4
Operating Profit Margin (%) 15.738.6816.6314.2516.2517.6416.0614.8114.5814.37
Net Profit Margin (%) 7.042.289.688.439.2410.3111.529.257.677.01
Debt to Equity 0.380.20.190.210.270.490.430.620.670.61
Working Capital Days 287285268233281298286308315321
Cash Conversion Cycle 146138130124146145141158178197
Entity Percentage Holding
Promoters 74.68%
Institutions 3.28%
Non-Institutions 22.05%
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 Technocraft Industries (India) Ltd's performance infers:

Technocraft Industries (India) Ltd earnings have grown by 8.1%, whereas share price has appreciated 12.1% 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 Technocraft Industries (India) Ltd share prices over the last 10 years. Here is what we found out:

Technocraft Industries (India) Ltd share price has appreciated 21.4% annually over the past ten years.

Technocraft Industries was incorporated on October 22, 1991 as Technocraft Industries (India) as an unlimited company under part IX of the Companies Act, 1956. Subsequently the company was re-registered as a public limited company and received a certificate for re-registration on October 28th, 1992.

Technocraft Industries (India), the parent company of the Technocraft group, is one of the leading manufacturers of Drum Closure including Title Seal Flanges and Plugs, Tite Seal Gaskets, Tite

Technocraft Industries was incorporated on October 22, 1991 as Technocraft Industries (India) as an unlimited company under part IX of the Companies Act, 1956. Subsequently the company was re-registered as a public limited company and received a certificate for re-registration on October 28th, 1992.

Technocraft Industries (India), the parent company of the Technocraft group, is one of the leading manufacturers of Drum Closure including Title Seal Flanges and Plugs, Tite Seal Gaskets, Tite Seal Leak Locks Plugs, Octagon base Drum Flanges & Auto Closure Systems.

Technocraft, a multi product and multi national group, that was established in 1972 by a group of technologists with the aim of manufacturing high precision and sophisticated products , mainly for discerning worldwide markets.

The Technocraft Group is promoted, managed and has grown under dynamic leadership and guidance of S K Saraf and S M Saraf, both graduates from Indian Institute of Technology.

Technocraft enjoys a significant position in five main business industries viz., Drum Closures, Pipes & Tubes, Engineering Services, Scaffolding systems & accessories and Cotton Yarn. Several products in computer software and information technology have been added recently.

The company is an ISO 9002 certified company having its head office in Mumbai (India) & overseas offices & warehouses in Manchester (UK), Lodz (Poland) & Budapest (Hungary); Chicago (USA) & New Orleans (USA).

Technocraft is now a government recognized Foreign Trading House due to its performance in foreign trade and managerial resources.

The Technocraft family consist of more than 3000 skilled workmen, technicians and technologists all working towards the common goal of giving the best quality product to it's customers, all over the world.

The manufacturing process is continuously updated with latest technology to yield higher productivity with improved quality product. Our manufacturing plants are located at five locations near Mumbai , India on a built up area of over 50,000 square meters.

The company launched a major export drive in 1977. It was recognised as an export house by government of India in 1979. The company won a number of awards for export excellence including te “Best Export Performance” by Prime Minister of India.

Technosoft Information technologies (India) Limited (subsidiary co) is registered with the Nasscom.

Different subsidiaries of the company

Indian Subsidiaries

  • Technosoft Information technologies (I) Limited
  • Techno Exports Private Limited
  • Danube Fashions Limited

Foreign Subsidiaries

  • Technocraft Trading Spolka, Z.O.O Poland
  • Technocraft (Hungary) KFT
  • Technocraft International Ltd
  • Bopp A. G.
  • CAE Systems GmbH
  • Impact Engineering Solutions Inc.
  • Technocraft Australia Pty. Ltd.

Product range

Today Technocraft is the second largest producer of Drum Closures in the world with a production of over 25 Million sets of Drum Closures annually.

  • Tite-Seal Flanges and Plugs
  • Tite-Seal Metal and Plastic Capseals
  • Tite-Seal Gaskets
  • Leak Lock System
  • Tite-Seal S-insertion of Octagon Base Drum Flanges.
  • Auto-Seal Closure System.
  • Dies
  • Clamps

Achievements/ milestones

 2000 - Awarded the National Award for Export Excellence by Ministry of Commerce and Industry, Award Presented by then Prime Minister of India “Shri. Atal Bihari Vajpayee”  2001 - Awarded Export Excellence Award for all steel products by Engineering Export Promotion Council – Maharashtra   2004 - Awarded 3 Star Export House Certificate  2004 - Achieved the Export Targets set by Government of India in the yarn Division under the Target Plus Scheme.  

Milestones

  • 1993 Set up of its first Foreign subsidiary in United Kingdom
  • 1994 Merger of Technocraft Fabricators (Bombay) Limited and Eskiedee Metal Crafts Private Limited
  • 1994 Acquisition of Maharashtra Steel Tubes Limited – Pipe Division
  • 1997 Setting up of 100% EOU Yarn Unit
  • 1998 Set up Subsidiary in Poland
  • 2000 Set up Subsidiary in Hungary
  • 2000 Awarded the National Award for Export Excellence by Ministry of Commerce andIndustry, Award Presented by then Prime Minister of India
  • 2001 Awarded Export Excellence Award for all steel products by Engineering Export Promotion Council – Maharashtra
  • 2003 Setting up of Subsidiary Company Danube Fashions Limited
  • 2004 Awarded 3 Star Export House Certificate Achieved the Export Targets set by Government of India in the yarn Division under the target Plus Scheme
  • 2005 Set up a Subsidiary in GermanyLaunched Haute Chilli Brand in IndiaAchieved the export targets set by Government of India in the yarn Division 2nd year straight
  • 2006 Set up a Subsidiary in Australia
  • 2006 – Filed DRHP with SEBI
  • 2007 – Got listed on the Bombay Stock Exchange and the National Stock Exchange
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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