Taneja Aerospace & Aviation Ltd - Stock Valuation and Financial Performance

BSE: 522229 | NSE: TANEJAERO | Airlines | Small Cap

Taneja Aerospace Share Price

381 -0.95 -0.25%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Taneja Aerospace

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Taneja Aerospace & Aviation stock performance -

mw4me loader
P/E Ratio (SA):
85.63
Market Cap:
984.2 Cr.
52-wk low:
104
52-wk high:
502.3

Is Taneja Aerospace & Aviation Ltd an attractive stock to invest in?

1. Is Taneja Aerospace & Aviation Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Taneja Aerospace & Aviation Ltd is a average quality company.

2. Is Taneja Aerospace & Aviation Ltd undervalued or overvalued?

The key valuation ratios of Taneja Aerospace & Aviation Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Taneja Aerospace & Aviation Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Taneja Aerospace & Aviation 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 Taneja Aerospace:

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.
Taneja Aerospace & Aviation 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 % 1.2%0%0.1%3.8%3%6.9%7%6.9%8.4%10.6%-
Value Creation
Index
-0.9-1.0-1.0-0.7-0.8-0.5-0.5-0.5-0.4-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 53.528.760.437.231.532.732.334.531.231.932
Sales YoY Gr.--46.3%110.2%-38.4%-15.2%3.9%-1.5%7%-9.6%2.1%-
Adj EPS -0.8-1.9-1.70.30.12.12.32.53.54.54.5
YoY Gr.-NANANA-79.3%3316.7%13.7%6.9%41%28.8%-
BVPS (₹) 43.635.934.135.135.237.139.54243.64451.8
Adj Net
Profit
-1.9-4.8-4.30.70.25.15.86.28.811.312
Cash Flow from Ops. 6.829.10.111.38.78.212.113.79.715.9-
Debt/CF from Ops. 81.53663.24.13.81.60.60.30-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -5.6%0.2%-0.4%2.1%
Adj EPS NA137.4%24.7%28.8%
BVPS0.1%4.5%3.7%0.9%
Share Price 28.5% 63% 133.4% 215.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-1.7-4.8-4.90.80.25.76.16.18.210.39.4
Op. Profit
Mgn %
10.5-10.54.821.123.142.442.342.45258.761.5
Net Profit
Mgn %
-3.5-16.6-7.11.90.515.6181828.135.435.8
Debt to
Equity
0.50.50.50.40.40.30.20.100-
Working Cap
Days
29455425735224621919013712813394
Cash Conv.
Cycle
91106241561386154482865

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 9.40%

Net Profit is growing at healthy rate in last 3 years 24.72%

Sales growth is good in last 4 quarters at 10.16%

Sales growth has been subdued in last 3 years -0.40%

Latest Financials - Taneja Aerospace & Aviation Ltd.

Standalone Consolidated
TTM EPS (₹) 4.5 4.5
TTM Sales (₹ Cr.) 32.1 32.1
BVPS (₹.) 51.8 51.8
Reserves (₹ Cr.) 119 119
P/BV 7.45 7.45
PE 85.63 85.64
From the Market
52 Week Low / High (₹) 104.00 / 502.30
All Time Low / High (₹) 1.45 / 502.30
Market Cap (₹ Cr.) 984
Equity (₹ Cr.) 12.8
Face Value (₹) 5
Industry PE 19.3

Management X-Ray of Taneja Aerospace:

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 Taneja Aerospace

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
Sales53296037323332353132
Operating Expenses 48325729241919201513
Manufacturing Costs8512222557
Material Costs1683610643310
Employee Cost 181012111099964
Other Costs 61087644333
Operating Profit 6-33871414151619
Operating Profit Margin (%) 11.0%-10.0%5.0%21.0%23.0%42.0%42.0%42.0%52.0%59.0%
Other Income 2322110011
Interest 5766554311
Depreciation 4333334433
Exceptional Items 00000000-50
Profit Before Tax -1-10-410768816
Tax 0-600010235
Profit After Tax -1-5-410566511
PAT Margin (%) -2.0%-17.0%-7.0%2.0%0.0%16.0%18.0%18.0%18.0%34.0%
Adjusted EPS (₹)-0.5-1.9-1.70.30.12.12.32.52.24.4
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%114%91%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 109898588889398105109110
Share Capital 12121212121212121212
Reserves 96777375758086929697
Minority Interest0000000000
Debt49403528282213530
Long Term Debt2529261925169200
Short Term Debt241189364330
Trade Payables56253532221
Others Liabilities 27232628252420171319
Total Liabilities 190158170147146141133128127130

Fixed Assets

Gross Block15215715810410610610810998104
Accumulated Depreciation34384135811151214
Net Fixed Assets1181201171011019997958590
CWIP 5000000042
Investments 60019191918777
Inventories4594531000
Trade Receivables137219476976
Cash Equivalents 102446535310
Others Assets35241991197132016
Total Assets 190158170147146141133128127130

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 7290119812141016
PBT -1-10-410768816
Adjustment 8889877633
Changes in Working Capital 129-3-00-50-30-0
Tax Paid -12-1100-13-2-3
Cash Flow From Investing Activity -13-188-2-21-20-43
Capex -6-10-2-20-2-1-42
Net Investments 00000-10100
Others -7-1790020000
Cash Flow From Financing Activity 10-18-7-9-5-10-12-10-7-13
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 000-56-9-7-7-20
Interest Paid -5-6-6-5-4-4-3-2-10
Dividend Paid 00000000-1-10
Others 15-12-20-63-2-1-3-3
Net Cash Flow 3-7102-1-23-26
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-1.21-4.82-4.930.820.175.726.126.145.1310.07
ROCE (%)2.63-2.321.565.234.279.268.229.388.0215.03
Asset Turnover Ratio0.30.170.370.240.220.230.240.260.250.25
PAT to CFO Conversion(x)N/AN/AN/A11INF1.622.3321.45
Working Capital Days
Receivable Days9812485148766577799274
Inventory Days34574265524424700
Payable Days1212711555052353762442258280

Taneja Aerospace & Aviation Ltd Stock News

Taneja Aerospace & Aviation Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Taneja Aerospace on 28-Mar-2024 16:01 is ₹381.0.
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 Taneja Aerospace stood at ₹984.2.
The latest P/E ratio of Taneja Aerospace as of 28-Mar-2024 16:01 is 85.63.
The latest P/B ratio of Taneja Aerospace as of 28-Mar-2024 16:01 is 7.45.
The 52-week high of Taneja Aerospace is ₹502.3 and the 52-week low is ₹104.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Taneja Aerospace is ₹32.09 ( Cr.) .

About Taneja Aerospace & Aviation Ltd

Taneja Aerospace & Aviation (TAAL) is a part of the Pune based Indian Seamless group and was established in 1994 as the first private sector company in the country to manufacture general aviation i.e. non-military aircraft. The company’s vision at the time was to create a nucleus facility for the development of an aeronautical industry in India and in particular to promote affordable general aviation in the country. To kick-off this process, TAAL entered into a collaboration with Partenavia of Italy to manufacture the six-seat twin piston-engine P68C aircraft and the eleven-seat twin turbo-prop Viator aircraft.

While TAAL continues to manufacture Light Transport and Trainer Aircraft, the company has since diversified its activities and has established a significant presence in many segments of the aviation and aeronautical industries in India.

TAAL is headquartered at Bangalore, which is the hub of the Indian Aviation Industry (Bangalore is also internationally famous as a software development and engineering design centre).

TAAL has three distinct Business Divisions, namely, Aerostructures, Airfield & MRO and Aircraft Sales and Support. Each division is run as an independent profit center by a dedicated Business Head.

Aerostructures Division

This business has evolved from the initial business of the company, which was to manufacture the Partenavia P68C, six seat, twin-engine aircraft in India.

The company currently manufactures aero structures for Hindustan Aeronautics Limited (HAL), Indian Space Research Organization (ISRO), National Aerospace Laboratories (NAL) Aeronautical Development Establishment (ADE), and Number of modifications on Indian Navy and Air force Helicopters and Aircraft. Of these, the largest structures that they manufacture are for ISRO where the company builds most of the structural assemblies for the Booster rockets of the GSLV program. It has also built major structures of 14 seat Saras aircraft developed by NAL.

Airfield & MRO Division

 TAAL has entered into an Airfield & MRO Division facility agreement with Air Works India (Engg) for establishment of commercial Aircraft Maintenance and Operating Airfield & MRO Division services at TAAL’s private airfield (Licensed) at Hosur, near Bangalore. The runway at this airfield is capable of accepting Airbus A 320 and Boeing 737 Series class of aircraft and the hanger is capable of accommodating Narrow Body aircraft. TAAL has DGCA Maintenance approval under CAR 145 for Maintenance of Cessna Jet and other Light Transport Aircraft. 

Aircraft Sales & Services Division

TAAL represents the Cessna Aircraft Company for their Citation range of Business Jets in India (since 1995). This is a stand-alone marketing division that is also supported by an operations arm that provides turnkey Operations and Maintenance support for Cessna Business Jets in India.

In addition, TAAL provides consulting support to help potential customers evaluate their flight and travel requirements and thereby find an appropriate solution.

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