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Ushdev International Ltd Stock Analysis

Small Cap
Evaluated by 188 users | BSE: 511736 | NSE: USHDEVINT |
Trading
Ushdev International Limited, a part of the Ushdev Group, was formed on 14th May 1994, by Late Vijay Gupta. From being a commission agent, it has become a power generating & a trading company and is listed on the Bombay Stock Exchange since incorporation. The core activities of this...

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 17.44%21.4%13.92%11.77%12.1%10.17%-1.22%-59.39%169.24%17.06%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 2,6244,3095,3466,2988,8968,1572,50313421.418.7
Y-o-Y Gr. Rt.-64.2%24.1%17.8%41.3%-8.3%-69.3%-94.6%-84.1%-12.7%
Adjusted EPS (Rs.) 1.262.222.573.716.164.04-5.42-31.56-6.12-2.79
Y-o-Y Gr. Rt.-76.2%15.8%44.4%66%-34.4%-234.2%NANANA
Book Value per Share (Rs.) 10.5212.1516.5919.4125.1729.3422.66-66.95-88.35-92.46
Adjusted Net Profit 3765.487126208137-183-1,068-207-94.3
Net Op. Cash Flow (Rs. Cr.) 55.3-31.2413157949-274-1,2281994.3-1
Debt to Cash Flow from Ops 6.51-9.872.858.242.64-6.41-2.0912.52576.77-2,436.09
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.
Ushdev International Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -42.3%-70.9%-80.5%-12.7%
Adjusted EPS -209.2%-185.4%NANA
Book Value per Share -227.3-229.7-259.80
Share Price -37.5% -57.1% -38.1% 110%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 12.8216.3416.5520.6327.5114.72-20.65144.247.913.09
Operating Profit Margin (%) 4.474.654.094.154.34.58-5.11-117.328.57-38.11
Net Profit Margin (%) 1.411.521.6322.341.68-7.33-796.94-969.28-504.74
Debt to Equity 1.160.862.11.972.941.773.35-1.1-0.84-0.8
Working Capital Days 1461281191271261625556,3105,892537
Cash Conversion Cycle 51496476831103844,040-3,827-10,091
Entity Percentage Holding
Promoters 45.01%
Institutions 9.53%
Non-Institutions 45.45%
Pledged *31.5334.3434.3434.3434.3434.3434.3434.3434.3434.34
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Ushdev International Ltd's performance infers:

Ushdev International Ltd earnings have declined by -185.4%, whereas share price has depreciated -57.1% 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 Ushdev International Ltd share prices over the last 10 years. Here is what we found out:

Ushdev International Ltd share price has depreciated -35.2% annually over the past ten years.

Ushdev International Limited, a part of the Ushdev Group, was formed on 14th May 1994, by Late Vijay Gupta. From being a commission agent, it has become a power generating & a trading company and is listed on the Bombay Stock Exchange since incorporation.

The core activities of this company are power generation and trading of steel. Steel trading being its parent business and doing well in that, the company was in an urge to get into an altogether new area, and thus started investing

Ushdev International Limited, a part of the Ushdev Group, was formed on 14th May 1994, by Late Vijay Gupta. From being a commission agent, it has become a power generating & a trading company and is listed on the Bombay Stock Exchange since incorporation.

The core activities of this company are power generation and trading of steel. Steel trading being its parent business and doing well in that, the company was in an urge to get into an altogether new area, and thus started investing into power generation through windmills from 1997 onwards.

Ushdev International’s history can be traced back to 1988. The group began operations by trading in imported pig iron, steel scrap, non-ferrous metals etc, the group has moved from strength to strength. The company is listed on the Bombay Stock Exchange since incorporation.

The core activities of this company are power generation and trading of steel. The company commenced operations by trading in steel. Seeing the scope for growth and expansion in the wind power industry, the company diversified into wind power generation through windmills in 1997. The Company has an impressive track record showing consistent increases in sales. In FY 08-09 , Ushdev has achieved sales of Rs. 1425 crore for the financial year ended 2009 as compared to sales of Rs. 752.81 crore for the financial year ended 2008, i.e. almost 89.21% jump compared to the last financial year.

Different divisions of the company:

Steel- Ushdev had commenced its operations by trading in steel. Since then, it has been trading in each and every product of steel being :-Raw Materials- Metallurgical Coal/Coke & Sponge Iron.

Flat Products – H.R. Coils, H.R. Pickeled Coils, C.R.Sheets, Galvanised products, Annealed products, Pickeled products, Colour coated sheets & Corrugated SheetsLong Products – Angles, Beams & Channels in Flat products of steel such as H.R. Coils & H.R. Pickled Coils, C.R.Sheets & Corrugated Sheets

Power: Ushdev International uses the most recent and state of the art facility for generating wind power.

The first set-up was in 1997 with 11 machines. They are one of the highest Plant Load Factor (PLF) achievers in the country with a PLF of 36% compared to an industry average of 18%.

In March 2005, the company had installed and commissioned a new wind mill project in Chinnaputhur village, Dharampuram Taluk, Erode District, comprising of 2 Enercon make E-48 WEC’s of 800 KVA each totaling 1.60 MW at a cost of Rs.7.80 crores spread over 10 acres of land. Granted PLF by Enercon is 28% in March 2006, the company put up 2 machines of 800 KW each in Chitradurga district of Karnataka at a cost of 8 crores, and 3 machines of 800 KW each in Jaisalmer district in Rajasthan at a cost of 12 crores.

After which in March 2006, the company put up 2 machines of 800 KW each in Chitradurga district of Karnataka at a cost of 8 crores, and 3 machines of 800 KW each in Jaisalmer district in Rajasthan at a cost of 12 crores.The rotating part of the ring generator and the rotor of the WEC form a unit.

The latest additions are 2 machines of the same make in Jodhpar district in Gujarat, in March 2007 costing around 8 crores and 4 WEGs in Jamnagar District in Gujarat in July 2007 at a cost of 16 crores.

Awards/Recognition:

  • Ushdev has been super ranked as the 180th company (among the top 1000 companies) by Business Standard, March 2009 on the basis of ranking by growth of variables such as net sales, operating profit, net profit, networth and dividend per share and growth in market capitization.
  • It has been ranked as the 7th fastest growing company by the ET 500, October 2008.
  • Also ranked as the 8th largest Trading Company by the ET 500, October 2008 (Private and Public put together).
  • Ushdev has been ranked 43rd among the Top 100 Wealth Creators by the ET 500, October 2008.
  • Ushdev has been ranked 488th among Top 500 companies across all the sectors by the ET 500, October 2008.
  • Ushdev International Limited is 2nd largest private sector trading company after Adani. UIL is ranked as the 8th largest Trading co (private & public put together) after the likes of MMTC, STC, PTC, etc.

Future Plans:

Ushdev International Limited Ushdev plans to increase the area of operations into more products of steel and eventually increase the foray of steel into the world marketIn Wind, Ushdev ensures being a Super power force in the Wind Energy Industry in the years to come.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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