Taneja Aerospace & Aviation Ltd Stock Analysis

BSE: 522229 | NSE: TANEJAERO | Airlines | Small Cap

BSE Share Price 27-Jan-2023 18:01
110.30 -4.60 (-4.00%)

DeciZen - Make an Informed Decision on Taneja Aerospace

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

1. Quality

2. Valuation

Overvalued

3. Price Trend

Taneja Aerospace Price Chart

P/E Ratio ( SA) :
32.92
Market Cap :
286.5 Cr.
52-wk low :
91.5
52-wk high :
163.2
Bole Toh?

1. Is Taneja Aerospace & Aviation Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Taneja Aerospace & Aviation Ltd is a average quality company.

2. Is Taneja Aerospace & Aviation Ltd undervalued or overvalued?

The key valuation ratios of Taneja Aerospace & Aviation Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Taneja Aerospace & Aviation Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Taneja Aerospace & Aviation 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 Taneja Aerospace:

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.
Taneja Aerospace & Aviation 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'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 2.4%1.2%0%0.1%3.8%3%6.9%7%6.9%8.4%-
Value Creation Index -0.8-0.9-1.0-1.0-0.7-0.8-0.5-0.5-0.5-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 53.753.528.760.437.231.532.732.334.531.230
YoY Gr. Rt. %--0.4%-46.3%110.2%-38.4%-15.2%3.9%-1.5%7%-9.6%-
Adj EPS 0.1-0.8-1.9-1.70.30.12.12.32.53.53.5
YoY Gr. Rt. %--676.9%NANANA-79.3%3316.7%13.7%6.9%41%-
BVPS (₹) 44.143.635.934.135.135.237.139.54243.644.8
Adj Net Profit 0.3-1.9-4.8-4.30.70.25.15.86.28.89
Cash Flow from Ops. 5.56.829.10.111.38.78.212.112.79.7-
Debt/CF from Ops. 7.281.53663.24.13.81.60.70.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -5.9%-3.4%-1.6%-9.6%
Adj EPS 44.2%64.7%19.6%41%
BVPS -0.14.45.53.9
Share Price 17.7% 11.6% 55.5% -19.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 0.3-1.7-4.8-4.90.80.25.76.16.18.27.9
Op. Profit Mgn % 14.910.5-10.54.821.123.142.442.342.45258.8
Net Profit Mgn % 0.6-3.5-16.6-7.11.90.515.6181828.129.3
Debt to Equity 0.40.50.50.50.40.40.30.20.10-
Working Cap Days 2262945542573522462191901361680
Cash Conv. Cycle 9591106241561386154470

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 7.90%

Net Profit is growing at healthy rate in last 3 years 19.63%

Sales growth has been subdued in last 3 years -1.58%

Sales growth is not so good in last 4 quarters at -9.27%

Latest Financials - Taneja Aerospace & Aviation Ltd.

Standalone Consolidated
TTM EPS (₹) 3.5 3.5
TTM Sales (₹ Cr.) 29.7 29.7
BVPS (₹.) 44.8 44.8
Reserves (₹ Cr.) 99 99
P/BV 2.56 2.56
PE 32.92 32.94
From the Market
52 Week Low / High (₹) 91.50 / 163.20
All Time Low / High (₹) 1.45 / 293.85
Market Cap (₹ Cr.) 286
Equity (₹ Cr.) 12.5
Face Value (₹) 5
Industry PE 48.3

Management X-Ray of Taneja Aerospace :

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 Taneja Aerospace

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Taneja Aerospace & Aviation Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Taneja Aerospace on 27-Jan-2023 18:01 is : 110.3.
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 27-Jan-2023 18:01 the market cap of Taneja Aerospace stood at ₹ 286.4.
The latest PE ratio of Taneja Aerospace as of 27-Jan-2023 18:01 is 32.92.
The latest PB ratio of Taneja Aerospace as of 27-Jan-2023 18:01 is 2.56
The 52-week high of Taneja Aerospace is ₹ 163.2 and the 52-week low is ₹ 91.50.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Taneja Aerospace is ₹ 29.67 ( Cr.) .

About Taneja Aerospace & Aviation Ltd

Taneja Aerospace & Aviation (TAAL) is a part of the Pune based Indian Seamless group and was established in 1994 as the first private sector company in the country to manufacture general aviation i.e. non-military aircraft. The company’s vision at the time was to create a nucleus facility for the development of an aeronautical industry in India and in particular to promote affordable general aviation in the country. To kick-off this process, TAAL entered into a collaboration with Partenavia of Italy to manufacture the six-seat twin piston-engine P68C aircraft and the eleven-seat twin turbo-prop Viator aircraft.

While TAAL continues to manufacture Light Transport and Trainer Aircraft, the company has since diversified its activities and has established a significant presence in many segments of the aviation and aeronautical industries in India.

TAAL is headquartered at Bangalore, which is the hub of the Indian Aviation Industry (Bangalore is also internationally famous as a software development and engineering design centre).

TAAL has three distinct Business Divisions, namely, Aerostructures, Airfield & MRO and Aircraft Sales and Support. Each division is run as an independent profit center by a dedicated Business Head.

Aerostructures Division

This business has evolved from the initial business of the company, which was to manufacture the Partenavia P68C, six seat, twin-engine aircraft in India.

The company currently manufactures aero structures for Hindustan Aeronautics Limited (HAL), Indian Space Research Organization (ISRO), National Aerospace Laboratories (NAL) Aeronautical Development Establishment (ADE), and Number of modifications on Indian Navy and Air force Helicopters and Aircraft. Of these, the largest structures that they manufacture are for ISRO where the company builds most of the structural assemblies for the Booster rockets of the GSLV program. It has also built major structures of 14 seat Saras aircraft developed by NAL.

Airfield & MRO Division

 TAAL has entered into an Airfield & MRO Division facility agreement with Air Works India (Engg) for establishment of commercial Aircraft Maintenance and Operating Airfield & MRO Division services at TAAL’s private airfield (Licensed) at Hosur, near Bangalore. The runway at this airfield is capable of accepting Airbus A 320 and Boeing 737 Series class of aircraft and the hanger is capable of accommodating Narrow Body aircraft. TAAL has DGCA Maintenance approval under CAR 145 for Maintenance of Cessna Jet and other Light Transport Aircraft. 

Aircraft Sales & Services Division

TAAL represents the Cessna Aircraft Company for their Citation range of Business Jets in India (since 1995). This is a stand-alone marketing division that is also supported by an operations arm that provides turnkey Operations and Maintenance support for Cessna Business Jets in India.

In addition, TAAL provides consulting support to help potential customers evaluate their flight and travel requirements and thereby find an appropriate solution.

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