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ABG Shipyard Ltd Stock Analysis

Small Cap
Evaluated by 1275 users | BSE: 532682 | NSE: ABGSHIP |
Ship Building
ABG Shipyard incorporated in 1985, is flagship company of ABG group. Company was incorporated under the name Magdalla Shipyard as a private limited company. Company is engaged in the business of carrying shipbuilding and ship repair business. Company’s corporate office is located in...

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.
ABG Shipyard Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation
 Mar'07Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16TTM
Return on Capital Employed 16.99%15.95%12.78%11.33%9.36%9.54%7.94%4.77%-4.44%-34.07%-
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 7059671,4121,8082,0792,3922,1001,62539234.37
Y-o-Y Gr. Rt.-37.2%46.1%28%15%15%-12.2%-22.6%-75.9%-91.3%-
Adjusted EPS (Rs.) 22.6731.3833.0144.4540.2435.1926.56-26.35-164.21-559.21-503.22
Y-o-Y Gr. Rt.-38.4%5.2%34.7%-9.5%-12.6%-24.5%-199.2%NANA-
Book Value per Share (Rs.) 105.31134.52164.72211.25243.66279.07300.11260.9794.14-590.88-870.41
Adjusted Net Profit 115160168226205179135-134-884-3,021-5,016
Net Op. Cash Flow (Rs. Cr.) -396164-27282.81,494-433-73.4-236-873-681-
Debt to Cash Flow from Ops -1.043.19-6.5134.981.6-8.02-54.04-22.56-7.95-13.65-
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.
ABG Shipyard Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -28.5%-56%-74.6%-91.3%
Adjusted EPS -242.8%-269.3%-376.1%NA
Book Value per Share -221.1-219.4-225.3-727.7
Share Price - - - -
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'07Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16TTM
Return on Equity (%) 21.5823.619.9622.1917.0213.038.91-9.13-81.4299.1968.87
Operating Profit Margin (%) 27.7528.7726.4426.3327.1327.9932.3928.23-68.09-5289.09-6,549.85
Net Profit Margin (%) 16.3916.5311.912.529.867.496.44-8.26-225.47-8816.28-76,116.8
Debt to Equity 0.760.762.112.691.922.452.594.019.09-3.25-
Working Capital Days 4326716435816918091,1741,8638,52493,30073051
Cash Conversion Cycle -3732-26-661833965937953,90154,105-
Entity Percentage Holding
Promoters 9.74%
Institutions 50.49%
Non-Institutions 39.77%
Pledged *98.7698.7698.7698.7698.7698.7698.7698.7698.7698.76
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of ABG Shipyard Ltd and arrived at the following conclusion:

Past 10 year's financial track record indicates that ABG Shipyard Ltd is a below average quality company. However, for specific investment actions please connect with your investment advisor.

Data is not available for this company.

Data is not available for this company

ABG Shipyard incorporated in 1985, is flagship company of ABG group. Company was incorporated under the name Magdalla Shipyard as a private limited company. Company is engaged in the business of carrying shipbuilding and ship repair business. Company’s corporate office is located in Mumbai and registered office in Surat.

Company has emerged as the largest private sector shipbuilding yard in India with satisfied customer base all around the world. Company’s Shipyard has

ABG Shipyard incorporated in 1985, is flagship company of ABG group. Company was incorporated under the name Magdalla Shipyard as a private limited company. Company is engaged in the business of carrying shipbuilding and ship repair business. Company’s corporate office is located in Mumbai and registered office in Surat.

Company has emerged as the largest private sector shipbuilding yard in India with satisfied customer base all around the world. Company’s Shipyard has manufacturing facilities that includes a “Ship-lift Facility” with a lift capacity of 4500 tons, side transfer facilities, CNC plasma cutting machine, bending rolls, hydraulic press, cold shearing machine, frame bending machine and steel processing machinery. This shipyard has in-house blasting shop and fabrication shop that covers 4 bays of 150 x 30 M each equipped with 20T EOT Cranes. This shipyard has received ISO 9001:2000 for its quality management.

In past, the company has developed 104 specialized and sophisticated vessels that includes Interceptor Boats, Self Loading and Discharging Bulk Cement Carriers, Floating Cranes, Articouple Tugs and Flotilla, Split Barges, Bulk Carriers, Newsprint Carriers, Offshore Supply Vessels, Dynamic Positioning Ships, Anchor Handling Tug Supply Vessels, Multi-purpose Support Vessel, Diving Support Vessels, etc. and are delivered to leading companies in India and abroad.

Company’s Ship Repair division has successfully repaired and renovating Dredgers, Ethylene Carriers, Bulk Carriers, Offshore Supply Vessels and Coast Guard Vessels. Company has clientele namely Consolidated Contractors International S.A.L., Abu Dhabi, Halul Offshore Co-Qatar, Doha, Lamnalco Group - Sharjah (UAE), Maridive & Oil Services - Egypt, Zamil Offshore & Maintenance Co – Saudi Arabia, Vroon B.V.-Holland, L&T Hoctief (Part of Larsen & Toubro) and Vikram Ispat (Part of A.V.Birla Group) and  Indian Coast Guard are among others.

In 2010 - ABG Shipyard entered into a joint venture (JV) with Sierra Leone based Sierra Leone Exploration Mining Company (SLEMCO) for mining bauxite in northern Sierra Leone.

In 2011 the company signed first of its kind contract with Indian Navy for construction of two Cadet Training Ships.

Business area

Company specializes in manufacturing -- 102M Side Loader / Newsprint / Container Ship 83.5M DP2 Diesel Electric Propulsion Diving Support Vessel 26 Metre High Speed Aluminium Interceptor Vessel 47M 80 ton Bollard Pull MPV 60.8M DP1 (Dynamic Positioning) Diving Support Vessel 56 M Well Test / DP2 Supply Vessel 50 M Well Test / Supply Vessel 50 T Azimuthing Stern Drive Bollard Pull Tug 60.8 M. Anchor Handling Tug / Supply Vessel 49.5M Multiutility Vessel 77.9M 2250 DWT Mini Bulk Carrier 80M 2500 DWT Self Loading / Unloading Bulk Cement Carrier 4000 DWT Self Loading / Unloading Bulk Cement carrier

Vessels delivered in past

  • ABG Shipyard has supplied 2 Interceptor Boats (45 knots vessels) in Aluminium hull with Water Jet Propulsion to the Indian Coast Guard.
  • Company has delivered 4 x 60.8M Anchor Handling Tugs / Supply Vessels and 1 x 42M Well Head Maintenance Vessel (Aluminum Hull) to Halul Offshore, Doha, Qatar
  • Company supplied 4 x 50T Bollard Pull SRP Tugs to Wijsmuller, Holland (An A.P.Moller & Co.).
  • Company sourced 2 x 4000 DWT Cement Carriers to Cement Ambuja International, Mauritius, are among many vessels delivered to leading companies.

Award

ABG Shipyard has been awarded All India Trophy for Highest Exporters as recognition of outstanding contribution to engineering export from Government f India - Ministry of Commerce.

In 2010 the company was awarded  a 'Shield for Star Performer as Large Enterprise' in the product group of Miscellaneous Transport Equipment and Parts in recognition of Company's outstanding contribution to Engineering Exports.


Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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