Ennore Coke Ltd - Stock Valuation and Financial Performance

BSE: 512369 | NSE: | Industrial Gases & Fuels | Small Cap

BSE Share Price
Not Listed

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Ennore Coke stock performance -

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P/E Ratio (SA):
0.00
Market Cap:
3.2 Cr.
52-wk low:
2.1
52-wk high:
2.1

Is Ennore Coke Ltd an attractive stock to invest in?

1. Is Ennore Coke Ltd a good quality company?

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

2. Is Ennore Coke Ltd undervalued or overvalued?

No data found

3. Is Ennore Coke Ltd a good buy now?

No data found

10 Year X-Ray of Ennore Coke:

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.
Ennore Coke 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'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17TTM
ROCE % 0%1.1%13.7%11.7%7.1%-7.3%-5%-13.5%-27.2%-19.5%-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 010138765963334546234170.12.71
Sales YoY Gr.-NA282.9%70.3%-4%-45.5%34%-26.1%-79.5%-96.2%-
Adj EPS 00.162.42.5-25.7-19.6-34.5-47.1-21.7-9.1
YoY Gr.-NA11820%-59.2%4.1%-1113.8%NANANANA-
BVPS (₹) 1518.228.431.532.87.2-16.1-50.8-98-119.7-125.3
Adj Net
Profit
00.19.23.83.9-39.8-30.4-53.5-73-33.7-14
Cash Flow from Ops. 31.5-16.948-10225.4-85.6-34.486.20.90.5-
Debt/CF from Ops. 0.4-5.22.2-2.110.3-4.6-8.52.8259.8450.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA-66.4%-82%-96.2%
Adj EPS NA-253.8%NANA
BVPS-226%-229.5%NANA
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17TTM
Return on
Equity %
00.325.68.17.9-128.2-70.5-111.347649.17.4
Op. Profit
Mgn %
01.57.72.86.3-8.1-7.7-22.7-53.5-1195.7-1220.1
Net Profit
Mgn %
00.12.40.60.6-11.5-6.6-15.7-104.2-1246.4-2423.9
Debt to
Equity
0.63.12.44.35.135.33.911.5-4.6-2.8-
Working Cap
Days
01651281582696225315201,21221,7115,296
Cash Conv.
Cycle
0-94-2041851551451417027,825-765

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 7.40%

Sales growth has been subdued in last 3 years -81.98%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at -71.27%

Latest Financials - Ennore Coke Ltd.

Standalone Consolidated
TTM EPS (₹) -9.1 0.1
TTM Sales (₹ Cr.) 0.6 101
BVPS (₹.) -125.3 22.5
Reserves (₹ Cr.) -210 19
P/BV -0.02 0.09
PE 0.00 40.66
From the Market
52 Week Low / High (₹) 2.05 / 2.08
All Time Low / High (₹) 1.20 / 155.95
Market Cap (₹ Cr.) 3.2
Equity (₹ Cr.) 15.5
Face Value (₹) 10
Industry PE 23

Management X-Ray of Ennore Coke:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *53.4748.5748.5748.5748.5748.5748.5748.5748.5748.57
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Ennore Coke

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17
Sales0101.05386.91659632.75344.61461.79341.1370.082.70
Operating Expenses 0.0599.58357.02640.48596.16372.54505.40418.80107.7335.03
Manufacturing Costs02.203.8515.226.648.4810.9410.644.612.67
Material Costs093.79336.26594.98560.83330.57422.94355.7392.3327.05
Employee Cost 00.131.873.844.114.274.275.514.432.17
Other Costs 0.053.4615.0326.4424.5829.2267.2546.936.363.14
Operating Profit -0.051.4829.8918.5236.59-27.94-43.61-77.67-37.65-32.33
Operating Profit Margin (%) -1.5%7.7%2.8%5.8%-8.1%-9.4%-22.8%-53.7%-1,195.7%
Other Income 0.080.012.0526.976.5614.2539.1951.5911.457.96
Interest 01.1512.6528.6023.3019.3615.9215.3115.830.78
Depreciation 0.020.105.159.471516.2214.9112.9512.909.07
Exceptional Items 0000-0.01-3.47-0.01000
Profit Before Tax 0.010.2414.147.424.84-52.75-35.26-54.34-54.93-34.21
Tax 0.010.164.912.572.82-12.960.86-0.7018.19-0.60
Profit After Tax 00.089.244.852.02-39.79-36.12-53.65-73.12-33.62
PAT Margin (%) -0.1%2.4%0.7%0.3%-11.5%-7.8%-15.7%-104.0%-1,243.3%
Adjusted EPS (₹)0.00.16.03.11.3-25.7-23.3-34.6-47.2-21.7
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17

Equity and Liabilities

Shareholders Fund 30.5328.2444.0348.8850.9011.1174.9921.23-51.90-85.51
Share Capital 15.5015.5015.5015.5015.5015.50115.50115.50115.50115.50
Reserves 15.0312.7428.5333.3835.40-4.39-40.51-94.27-167.40-201.01
Minority Interest0000000000
Debt12.6887.53103.56199.49251.63379.92281.61244.79240.38236.55
Long Term Debt12.6887.53103.5627.2476.77128110.84133.19133.37133.27
Short Term Debt000172.25174.86251.92170.77111.60107.01103.28
Trade Payables31.5678.50199.255.07294.90248.56352.8288.2266.3417.08
Others Liabilities 0.993.997.90293.6482.21162.30117.8316.1622.3721.56
Total Liabilities 75.76198.26354.74547.07679.63801.90827.24370.39277.20189.68

Fixed Assets

Gross Block2.583.1872.0273.76136.54145.45147.47150.78150.90150.59
Accumulated Depreciation0.020.125.2714.7429.7345.8960.8073.7886.6695.53
Net Fixed Assets2.563.0666.7559.02106.8199.5586.677764.2455.06
CWIP 64.82102.1659.6060.780.210.211.244.074.994.99
Investments 00.7300000000
Inventories032.5859.23125.7166.4161.81166.5165.6127.280.22
Trade Receivables0.0828.14108.1054.43381.13335.16320.84177.25106.500.66
Cash Equivalents 0.062.1248.1036.4126.8755.5421.3723.654.370.55
Others Assets8.2429.4712.96210.7198.20249.62230.6022.8169.82128.20
Total Assets 75.76198.26354.74547.07679.63801.90827.24370.39277.20189.68

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17
Cash Flow From Operating Activity 31.47-16.8948.02-101.9625.42-85.56-34.3786.150.930.52
PBT 0.010.2414.147.424.84-52.75-35.26-54.34-54.93-34.21
Adjustment 0.020.2214.0922.7029.8631.0914.714.4617.4510.17
Changes in Working Capital 31.43-17.3520.2-127.61-9.12-63.45-10.07136.5838.6724.57
Tax Paid 00-0.41-4.47-0.16-0.46-3.74-0.54-0.260
Cash Flow From Investing Activity -44.21-57.76-41.1019-6.46-21.0344.99-5.7519.284.12
Capex -41.01-55.04-8.52-2.93-2.21-8.90-3.05-6.26-1.050.11
Net Investments 0000000000
Others -3.20-2.73-32.5821.93-4.26-12.1348.050.5120.334
Cash Flow From Financing Activity 3.7874.726.3988.65-36.76108.93-14.24-80.28-20.24-4.61
Net Proceeds from Shares 000000100000
Net Proceeds from Borrowing 038.290-12.28-7.8051.23-17.16-5.790.18-0.10
Interest Paid 0-0.14-2.32-17.70-14.93-19.36-15.92-15.31-15.83-0.78
Dividend Paid 0000000000
Others 3.7836.568.72118.64-14.0377.06-81.15-59.17-4.58-3.73
Net Cash Flow -8.970.0613.315.69-17.802.34-3.610.12-0.030.03
PARTICULARSMar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17
Ratios
ROE (%)0.010.325.5710.444.04-128.3400N/AN/A
ROCE (%)0.041.8320.3517.769.87-9.33-5.03-12.34N/AN/A
Asset Turnover Ratio00.741.41.461.040.470.580.580.220.01
PAT to CFO Conversion(x)N/A-211.135.2-21.0212.58N/AN/AN/AN/AN/A
Working Capital Days
Receivable Days05164451253742552637336,993
Inventory Days011843515567891232401,795
Payable Days02141516398300260226305563

Ennore Coke Ltd Stock News

Ennore Coke Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Ennore Coke on 01-Jan-1970 05:30 is ₹0.00.
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 01-Jan-1970 05:30 the market cap of Ennore Coke stood at ₹3.18.
The latest P/E ratio of Ennore Coke as of 01-Jan-1970 05:30 is 0.00.
The latest P/B ratio of Ennore Coke as of 01-Jan-1970 05:30 is -0.02.
The 52-week high of Ennore Coke is ₹2.08 and the 52-week low is ₹2.05.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ennore Coke is ₹0.58 ( Cr.) .

About Ennore Coke Ltd

Ennore Coke Ltd.was incorporated as a public limited company on February 25, 1985 to carry out business of yarn, cloth, fibre and the business of leasing of moveable and immoveable properties. These activities were carried out till September 30, 2005.

Effective December 5, 2005 the controlling interest of the company was taken over by Shriram EPC Ltd., and Vatsala Ranganathan. The new management has discontinued the above businesses of the company and has now decided to enter the business of manufacturing met coke by purchasing the Proposed Coke Project from EPCPL situated at Haldia, West Bengal. 

Ennore Coke also plans to set up a power plant at the same location for generating 6 MW of power by utilizing the waste heat generated from the process of manufacturing met coke. 

The company has also proposed to expand the manufacturing capacity of the Proposed Coke Project from 100,000 TPA to 300,000 TPA and increasing the capacity of generation of power from 6 MW to 18 MW at Haldia, West Bengal.

A derivative of metallurgical coking coal, Coke plays a very significant role in metallurgical process. Coke is the main source of heat and is also the reducing agent required to facilitate the conversion of metallurgical ores into metal in the smelting process. Traditionally, major coke production has been captive. It is produced in the coke oven batteries of integrated steel plants. A number of pig iron plants and even integrated steel plants built in India recently were without coke making facilities. Hardly any surplus coke is available from the captive coke oven batteries for sale to outsiders. With the result India is importing coke sizeable quantity.

Since most coke oven batteries are located in the eastern region, coke consumers in the western and southern regions are compelled to import coke.Given the above scenario Ennore Coke has decided to manufacture Met Coke and for this purpose it has agreed to purchase the Non-recovery Coke Oven Project of 100,000 TPA of Met Coke at Haldia, West Bengal being implemented by Ennore Coke & Power Pvt. Ltd.Ennore Coke has proposed to set up a power plant of 6 MW capacity in the premises of the Met Coke project.The 25 acre land allotted to Ennore Coke is located at Mauza Alichak in the industrial hub of HDA where a number of large manufacturing units are being set up. 150 Km away from Kolkota, lying adjacent to the River Hoogly, theh plant site is strategically located and well connected by highway and railway.

The plant and machinery including fabrication, installation and commissioning of the project will be acquired on turnkey basis from the Project Management Group division of Shriram EPC Ltd., one of the promoters of Ennore Coke Ltd., Shriram EPC is well established and experienced in the engineering field for executing turnkey projects for power (renewable energy from bio-mass and wind) environmental engineering (ETP and waste water treatment plants), metallurgical sector (coke oven plant machinery), pipe rehabilitation, manufacturing of cooling towers, multi-disciplinary design, engineering, procurement, construction and service support across the various segments of engineering and chemical industries.

The technology for power plant is based on conventional STG type with the boiler of unfired type. Shriram EPC has been engaged as the EPC contractor for setting up the power plant on turnkey basis. Critical equipment like waste heat recovery boiler, steam turbine with generator will be sourced from standard vendors such as Thermax, Thermal Systems, BHEL and son on. The Company presently operates from the rented premises 304, Shivshakti Building, J. P. Road, Andheri West in Mumbai for its Registered Office matters and also operate from rented premises at 36, College Road, Nungambakkam, Chennai for planning the proposed coke project and co-ordination of such project activities. The plant site is proposed to be located at District Haldia. 
 
Business area of the company includes:
  • Met Coke - Ennore Coke Ltd.manufactures Met Coke and for this purpose it has agreed to purchase the Non-recovery Coke Oven Project of 100,000 TPA of Met Coke at Haldia, West Bengal being implemented by Ennore Coke & Power Pvt. Ltd.
  • Power- In manufacturing coke, volatile matter gets released from the raw coal in the form of gas and is burnt in the oven to produce heat for carbonization. After carbonization, the waste heat is released to the atmosphere at a very high temperature level. If such waste heat is used to generate steam, the same can be used in the steam turbine for power generation at a very low cost as it involves no raw material or use of any other fossil fuel. Ennore Coke Ltd. has proposed to set up a power plant of 6 MW capacity in the premises of the Met Coke project.


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