Suyog Gurbaxani Funicular Ropeways Ltd - Stock Valuation and Financial Performance

BSE: 543391 | NSE: | Engineering - Construction | Small Cap

Suyog Gurbaxani Fun. Share Price

111.05 -5.50 -4.72%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Suyog Gurbaxani Fun.

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

1. Quality

2. Valuation

Fair

3. Price Trend

Suyog Gurbaxani Funicular Ropeways stock performance -

mw4me loader
P/E Ratio (SA):
888.64
Market Cap:
279 Cr.
52-wk low:
45
52-wk high:
198

Is Suyog Gurbaxani Funicular Ropeways Ltd an attractive stock to invest in?

1. Is Suyog Gurbaxani Funicular Ropeways Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Suyog Gurbaxani Funicular Ropeways Ltd is a below average quality company.

2. Is Suyog Gurbaxani Funicular Ropeways Ltd undervalued or overvalued?

The key valuation ratios of Suyog Gurbaxani Funicular Ropeways Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Suyog Gurbaxani Funicular Ropeways Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Suyog Gurbaxani Funicular Ropeways 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 Suyog Gurbaxani Fun.:

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.
Suyog Gurbaxani Funicular Ropeways 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 0%0%0%0%0%-2.6%-0.6%-7.9%-4.8%4.6%-
Value Creation
Index
NANANANANA-1.2-1.0-1.6-1.3-0.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 000007.913.24.57.917.818
Sales YoY Gr.-NANANANANA66.8%-66.1%76.3%126.1%-
Adj EPS 00000-1.7-0.9-3.9-2.80.10.1
YoY Gr.-NANANANANANANANANA-
BVPS (₹) 00010108.37.43.444.14.1
Adj Net
Profit
00000-3.5-1.9-7.9-6.90.30
Cash Flow from Ops. 000009.16.1-63.71-
Debt/CF from Ops. 000007.811.1-12.518.364.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANA10.6%126.1%
Adj EPS NANANANA
BVPSNA-16.3%-17.7%3.3%
Share Price - - - 146.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
00000-24.2-11.9-72.4-82.33.13.2
Op. Profit
Mgn %
0000042.151.218.952.662.9NAN
Net Profit
Mgn %
00000-44.1-14.3-177.3-881.81.8
Debt to
Equity
00055.74.24.610.76.96.5-
Working Cap
Days
0000093483312851950
Cash Conv.
Cycle
00000-119-585328790

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 3.20%

Sales growth is growing at healthy rate in last 3 years 10.55%

Debt to equity has declined versus last 3 years average to 6.47

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Suyog Gurbaxani Funicular Ropeways Ltd.

Standalone Consolidated
TTM EPS (₹) 0.1 -
TTM Sales (₹ Cr.) 17.8 -
BVPS (₹.) 4.1 -
Reserves (₹ Cr.) -15 -
P/BV 27.37 -
PE 888.64 -
From the Market
52 Week Low / High (₹) 45.00 / 198.00
All Time Low / High (₹) 45.00 / 198.00
Market Cap (₹ Cr.) 279
Equity (₹ Cr.) 24.9
Face Value (₹) 10
Industry PE 43.2

Management X-Ray of Suyog Gurbaxani Fun.:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.0031.050.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Suyog Gurbaxani Fun.

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales008134818
Operating Expenses 0056447
Manufacturing Costs0000118
Material Costs000000-6
Employee Cost 0013224
Other Costs 0034112
Operating Profit 00371411
Operating Profit Margin (%) --42.1%51.1%18.9%52.6%62.9%
Other Income 0000000
Interest 0022245
Depreciation 0057777
Exceptional Items 0000000
Profit Before Tax 00-3-2-8-70
Tax 0000000
Profit After Tax 00-3-2-8-70
PAT Margin (%) ---44.1%-14.3%-177.0%-88.0%1.8%
Adjusted EPS (₹)0.00.0-1.7-0.9-3.9-2.80.1
Dividend Payout Ratio (%)0%0%0%0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 1212171571010
Share Capital 12122020202525
Reserves 00-3-5-13-15-15
Minority Interest0000000
Debt60686764726261
Long Term Debt60686764726261
Short Term Debt0000000
Trade Payables5222111
Others Liabilities 71188798
Total Liabilities 83939489868280

Fixed Assets

Gross Block009398989899
Accumulated Depreciation00012192532
Net Fixed Assets009286807367
CWIP 769100000
Investments 0000000
Inventories0011117
Trade Receivables0001111
Cash Equivalents 1000030
Others Assets6311555
Total Assets 83939489868280

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 0096-641
PBT 00-3-2-8-70
Adjustment 0079988
Changes in Working Capital 006-1-72-7
Tax Paid 0000000
Cash Flow From Investing Activity -16-11-4-1000
Capex 00-1-1000
Net Investments 0000000
Others -16-11-30000
Cash Flow From Financing Activity 1810-5-56-1-4
Net Proceeds from Shares 00800100
Net Proceeds from Borrowing 208-1-38-9-2
Interest Paid 00-2-2-2-2-2
Dividend Paid 0000000
Others -22-100000
Net Cash Flow 1-10003-3
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)00-24.2-11.86-72.44-82.273.13
ROCE (%)00-1.90.06-7.12-3.135.96
Asset Turnover Ratio000.080.140.050.10.22
PAT to CFO Conversion(x)NANNANN/AN/AN/AN/AINF
Working Capital Days
Receivable Days001514603516
Inventory Days003017502978
Payable Days000000-43

Suyog Gurbaxani Funicular Ropeways Ltd Stock News

Suyog Gurbaxani Funicular Ropeways Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Suyog Gurbaxani Fun. on 28-Mar-2024 16:01 is ₹111.0.
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 Suyog Gurbaxani Fun. stood at ₹278.9.
The latest P/E ratio of Suyog Gurbaxani Fun. as of 28-Mar-2024 16:01 is 888.6.
The latest P/B ratio of Suyog Gurbaxani Fun. as of 28-Mar-2024 16:01 is 27.37.
The 52-week high of Suyog Gurbaxani Fun. is ₹198.0 and the 52-week low is ₹45.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Suyog Gurbaxani Fun. is ₹17.82 ( Cr.) .

About Suyog Gurbaxani Funicular Ropeways Ltd

Suyog Gurbaxani Funicular Ropeways is an infrastructure development and constructions company engaged in building & operating the Funicular Ropeways Systems. The company is currently involved in an Infrastructural Development project through a Build, Operate and Transfer mode (BOT) wherein, it has completed the construction of a Funicular Ropeway System project (also known as Incline Ropeways) at Saptashrungi Gad Temple situated at Vani, Nashik, Maharashtra. Saptashrungi Gad Temple is a popular destination for devotees where people come from all over India for taking the blessings of Goddess and this temple experiences a large number of visitors throughout the years and also experiences some of the peak seasons at the time of Navratri festivals which happens two times in a year. The company’s project is spread over in an area of 10 acres, which houses the funicular ropeway system, a shopping mall, a parking facility and a hotel facility.

The company’s Saptashrungi Project primarily has a Funicular Ropeway System consisting of 2 Air Conditioner funicular vehicles / coaches which can carry 60 passengers/ devotees at a time. The Shopping complex, forming a part of its project, provides the facility of more than 50 shops providing various buying avenues to the visitors including food shops. The parking facility built in the vicinity of the funicular ropeway, has a capacity of more than 150 vehicles including four wheelers and two wheelers. Lastly, it also has constructed a hotel which houses 28 guest rooms & dormitories, a multi cuisine restaurant and a coffee shop.

Business area of the company

The company provides infrastructure construction services. It offers ropeway facilities, as well as provides stay, shopping, and parking services.

Major events

  • 2010: Incorporation of Company.
  • 2010: Received Work Order for construction of Funicular Ropeways at Saptashrungi.
  • 2010: Forest Department granted 4 hectare of land for construction of project.
  • 2010: Possession for the above land received
  • 2010: Received Water permission for the project from the Maharashtra Water Department.
  • 2010:  Received consent of Gram pachayat for construction of the Project.
  • 2011: The plan / drawing for the project with single track system approved by the PWD Steering Committee.
  • 2011: Obtained confirmation from RITES to act as technical consultant for the single track project.
  • 2012: Obtained RITES confirmation for change in project plan to double track instead of single track
  • 2013: Received consent from Temple Trust to build machine room near the temple.
  • 2014: Extension request letter given to PWD by the Company citing various statutory clearance delays and change in plans.
  • 2015: The official Project management Consultant certified that the construction of the Funicular ropeway is as per approved drawings & specification of PWD.
  • 2017: Extension Approval for 3 years 1 month and 27 days received from the PWD, Nashik.
  • 2017: Foreign Safety Consultant suggested additional braking facility before certifying the safety measures of the Funicular Ropeway.
  • 2017: Final Safety Certificate received from Tribal Public Works Division.
  • 2018: Received certificate from Damodar Ropeways Private Limited confirming the employee training for operating the Funicular Ropeway.
  • 2018: Received provisional Completion Certificate from PWD, Nashik.
  • 2018: Fire NoC received for operating the Ropeway for Public use.
  • 2018: Construction Completed and Inauguration by Hon. Chief Minister of Maharashtra Mr. Devendra Phadnavis.
  • 2019: Final Completion Certificate received from PWD, Nashik.
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