Selan Exploration Technology Ltd - Stock Valuation and Financial Performance

BSE: 530075 | NSE: SELAN | Oil Exploration | Small Cap

Selan Exploratn Tech Share Price

446.05 -9.50 -2.09%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Selan Exploratn Tech

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Selan Exploration Technology stock performance -

mw4me loader
P/E Ratio (SA):
26.80
Market Cap:
692.4 Cr.
52-wk low:
228.7
52-wk high:
592

Is Selan Exploration Technology Ltd an attractive stock to invest in?

1. Is Selan Exploration Technology Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Selan Exploration Technology Ltd is a average quality company.

2. Is Selan Exploration Technology Ltd undervalued or overvalued?

The key valuation ratios of Selan Exploration Technology Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Selan Exploration Technology Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Selan Exploration Technology 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 Selan Exploratn Tech:

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.
Selan Exploration Technology 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 17.9%10.5%5%3.2%7.7%16.6%9%1.9%3%9.1%-
Value Creation
Index
0.3-0.3-0.6-0.8-0.50.2-0.4-0.9-0.8-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 10179.36255.876.693.389.648.877.2118137
Sales YoY Gr.--21.7%-21.8%-10%37.2%21.8%-4%-45.5%58.1%52.8%-
Adj EPS 27.217.37.95.513.532.519.34.16.520.317
YoY Gr.--36.3%-54.1%-31.3%147.3%141.4%-40.6%-78.9%59.6%211.8%-
BVPS (₹) 159.6170.9172.8172.1179.5205.8215.6214.8216.3236.8250.1
Adj Net
Profit
44.528.4138.922.151.529.46.29.930.926
Cash Flow from Ops. 74.761.71737.567.299.541.135.6-17.969.3-
Debt/CF from Ops. 0000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 1.7%9%9.6%52.8%
Adj EPS -3.2%8.5%1.7%211.8%
BVPS4.5%5.7%3.2%9.5%
Share Price -1.7% 19.7% 50.7% 78.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
17.810.54.63.27.716.691.9397
Op. Profit
Mgn %
55.844.423.216.337.349.640.6-16.59.426.719.6
Net Profit
Mgn %
4435.8211628.955.232.812.712.826.218.8
Debt to
Equity
0000000000-
Working Cap
Days
147217280239141125127215137123305
Cash Conv.
Cycle
-99-211-146-55956601259066276

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 7.00%

Sales growth is good in last 4 quarters at 20.15%

Sales growth has been subdued in last 3 years 9.59%

Net Profit has been subdued in last 3 years 1.66%

Latest Financials - Selan Exploration Technology Ltd.

Standalone Consolidated
TTM EPS (₹) 17 -
TTM Sales (₹ Cr.) 137 -
BVPS (₹.) 250.1 -
Reserves (₹ Cr.) 365 -
P/BV 1.82 -
PE 26.80 -
From the Market
52 Week Low / High (₹) 228.65 / 592.00
All Time Low / High (₹) 2.27 / 677.00
Market Cap (₹ Cr.) 692
Equity (₹ Cr.) 15.2
Face Value (₹) 10
Industry PE 11.5

Management X-Ray of Selan Exploratn Tech:

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 Selan Exploratn Tech

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
Sales1017962567793904977118
Operating Expenses 45444847484754577086
Manufacturing Costs10121513171722283952
Material Costs000-120000-1
Employee Cost 2333334457
Other Costs 33293033262729252628
Operating Profit 5635149294635-8732
Operating Profit Margin (%) 55.8%44.3%23.0%16.0%37.2%49.6%39.6%-16.5%9.4%26.7%
Other Income 1312108811910812
Interest 0020000000
Depreciation 1322333322
Exceptional Items 000000-9000
Profit Before Tax 68442015345432-11340
Tax 24167611210-739
Profit After Tax 452813922522261031
PAT Margin (%) 44.0%35.7%20.8%15.8%28.8%55.2%25.0%12.8%12.9%26.2%
Adjusted EPS (₹)27.217.37.95.413.532.514.84.16.520.3
Dividend Payout Ratio (%)18%29%64%93%37%15%34%122%77%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 262280283282294326328326329360
Share Capital 16161616161615151515
Reserves 245264267266278310313311314345
Minority Interest0000000000
Debt0000010000
Long Term Debt0000010000
Short Term Debt0000000000
Trade Payables1620945352212
Others Liabilities 61827663695960474555
Total Liabilities 339382368349368388393376376427

Fixed Assets

Gross Block25293130343719192027
Accumulated Depreciation1619212023269121314
Net Fixed Assets811109121198713
CWIP 159207208199203197180164149166
Investments 000035133127129135176
Inventories33398877824
Trade Receivables24151113191818131919
Cash Equivalents 126115104113861646475424
Others Assets1831325556856
Total Assets 339382368349368388393376376427

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 75621737671004136-1869
PBT 68442015345432-11340
Adjustment 1413192014937171713
Changes in Working Capital 714-1872748-1723-4219
Tax Paid -14-9-4-4-7-12-12-3-6-3
Cash Flow From Investing Activity -58-63-16-11-54-100-12-2-6-72
Capex -3-5-2-19-27-14-13-5-1-5
Net Investments 0000-35-9000-2-33
Others -55-59-1487413-4-34
Cash Flow From Financing Activity -21-10-12-10-9-20-21-8-80
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 00-20000000
Dividend Paid -10-10-10-10-10-10-9-8-80
Others -110000-10-12000
Net Cash Flow -4-12-11173-20826-32-3
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)17.8410.444.583.127.6516.616.871.913.038.96
ROCE (%)27.316.387.695.2711.6617.49.92-0.333.8711.81
Asset Turnover Ratio0.320.220.170.160.210.250.230.130.210.29
PAT to CFO Conversion(x)1.672.211.314.113.051.921.866-1.82.23
Working Capital Days
Receivable Days719077807673731127458
Inventory Days9131739423232533549
Payable Days-7,30800-2,1359020000-4,880

Selan Exploration Technology Ltd Stock News

Selan Exploration Technology Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Selan Exploratn Tech on 28-Mar-2024 16:01 is ₹446.1.
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 Selan Exploratn Tech stood at ₹692.4.
The latest P/E ratio of Selan Exploratn Tech as of 28-Mar-2024 16:01 is 26.80.
The latest P/B ratio of Selan Exploratn Tech as of 28-Mar-2024 16:01 is 1.82.
The 52-week high of Selan Exploratn Tech is ₹592.0 and the 52-week low is ₹228.7.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Selan Exploratn Tech is ₹137.5 ( Cr.) .

About Selan Exploration Technology Ltd

Selan Exploration Technology was incorporated on July 5, 1985 as a private limited company in the Union Territory of Delhi. The company became a public limited company on October 15, 1990.

Selan started as a company engaged in the field of seismic data acquisition, which is an integral par t of oil & gas exploration. Based on its performance and its technical expertise, the company was awarded a contract to develop three discovered oil fields in Ahmedabad area of Gujarat State by the Ministry of Petroleum and Natural Gas, Government of India (“GOI”). The GOI has signed a Production Sharing Contract with the Company on March 13, 1995. In terms of this agreement, the GOI has contracted with Selan to lift the entire production of the oil fields. The period of the contract is 25 years from the effective date with the provision of extension by an additional five years. The company sells the entire crude oil production to the GOI’s nominee, Indian Oil Corporation.

The promoters and management have extensive experience and domain knowledge in the field of Petroleum Exploration, Development and Production as well as in the field of Geophysical Data Acquisition, Processing and Interpretation.

Following the move by the Government of India in 1992 in opening up the oil sector for private initiative in exploration and production of Hydrocarbons, Selan was amongst the first private sector companies to have obtained rights to develop three discovered oilfields situated in the state of Gujarat namely Bakrol, Indrora and Lohar, all with proven oil and gas reserves. Selan was subsequently awarded two more fields in Gujarat namely Ognaj Oilfield and Karjisan Gas field.

All the oil and gas blocks have a well laid out infrastructure. Hence these blocks are easily accessible and are in close proximity to the Government's crude gathering station as well as are in close proximity to a large industrial town.

The various seismic and reserves assessment studies have established substantial amounts of oil and gas reserves in these blocks. Selan thus has significant oil and gas assets in its control which require developmental work and for the purposes it would require substantial amounts of Capital investment to augment its development and growth objectives.

Selan has a Development Plan for drilling of additional wells in these blocks in the next 3 to 5 years. The Plan is intended to be executed in a phased manner and would involve large capital expenditures, to be funded through a combination of external borrowings and internal accruals. The proposed external borrowings shall be drawn in various stages of completion of each phase. This approach offers a view to judiciously monitor the debt.

With assured offtake of the entire oil and gas production from these blocks by the Government, as per the terms of the Production Sharing Contract (PSC) there is zero marketing risk associated with this project.

Business area of the company:

Selan Exploration Technology (SELAN) is a private sector listed company, engaged in oil exploration and production since 1992. In the last two years, the company has also signed two more Production Sharing Contracts with the GOI for discovered oil fields in Gujarat.The company iis engaged in the exploration of - Hydrocarbons, oil and gas.

Future plan:

SELAN has a Development Plan for drilling of additional wells in these blocks in the next 3 to 5 years. The Plan is intended to be executed in a phased manner and would involve large capital expenditures, to be funded through a combination of external borrowings and internal accruals. The proposed external borrowings shall be drawn in various stages of completion of each phase.

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