Past 10 year's financial track record analysis by Moneyworks4me indicates that Foseco India Ltd is a good quality company.
The key valuation ratios of Foseco India Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Foseco India Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Dec'14 | Dec'15 | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 24.7% | 29.8% | 28.8% | 23.8% | 21.6% | 21.5% | 8.9% | 16.9% | 20.8% | 24.8% | - |
| Value Creation Index ⓘ | 0.8 | 1.1 | 1.1 | 0.7 | 0.5 | 0.5 | -0.4 | 0.2 | 0.5 | 0.8 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 263 | 292 | 340 | 358 | 362 | 323 | 251 | 338 | 407 | 477 | 489 |
| Sales YoY Gr. | - | 10.9% | 16.2% | 5.3% | 1.3% | -11% | -22.1% | 34.6% | 20.3% | 17.4% | - |
| Adj EPS ⓘ | 38.4 | 50.2 | 53.2 | 50.3 | 50.7 | 54.9 | 24.5 | 51.4 | 72.8 | 102 | 116.8 |
| YoY Gr. | - | 30.6% | 6% | -5.4% | 0.8% | 8.2% | -55.3% | 109.4% | 41.8% | 40.1% | - |
| BVPS (₹) ⓘ | 153.3 | 170.6 | 194.7 | 228.1 | 244.4 | 267.8 | 285.6 | 326.1 | 372.9 | 446.5 | 471.3 |
| Adj Net Profit ⓘ | 24.5 | 32 | 34 | 32.1 | 32.4 | 35.1 | 15.7 | 32.8 | 46.5 | 65.2 | 75 |
| Cash Flow from Ops. ⓘ | 25.3 | 17.3 | 32 | 65.7 | 47.1 | 46.8 | 30.3 | 19.8 | 58.7 | 57.1 | - |
| Debt/CF from Ops. ⓘ | 0.2 | 0.2 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 6.8% | 5.7% | 23.9% | 17.4% | ||||
| Adj EPS ⓘ | 11.5% | 15% | 60.8% | 40.1% | ||||
| BVPSⓘ | 12.6% | 12.8% | 16.1% | 19.7% | ||||
| Share Price | 20.1% | 22.3% | 36.9% | 25.5% | ||||
Performance Ratio Colour Code Guide ⓘ
| Dec'14 | Dec'15 | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 26.3 | 31 | 29.1 | 23.8 | 21.5 | 21.4 | 8.9 | 16.8 | 20.8 | 24.8 | 25.5 |
| Op. Profit Mgn % ⓘ | 15 | 17.6 | 16.6 | 14.7 | 13.9 | 14.1 | 8.3 | 13.1 | 15.5 | 14.8 | 15.1 |
| Net Profit Mgn % ⓘ | 9.3 | 11 | 10 | 9 | 8.9 | 10.9 | 6.2 | 9.7 | 11.4 | 13.7 | 15.3 |
| Debt to Equity ⓘ | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
| Working Cap Days ⓘ | 117 | 119 | 119 | 122 | 120 | 122 | 136 | 105 | 102 | 102 | 133 |
| Cash Conv. Cycle ⓘ | 48 | 54 | 53 | 46 | 34 | 30 | 26 | 20 | 21 | 17 | 85 |
Return on Equity has increased versus last 3 years average to 25.50%
Sales growth is growing at healthy rate in last 3 years 23.88%
Net Profit is growing at healthy rate in last 3 years 60.79%
Sales growth is good in last 4 quarters at 16.89%
No data to display
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 116.8 | - |
| TTM Sales (₹ Cr.) | 489 | - |
| BVPS (₹.) ⓘ | 471.3 | - |
| Reserves (₹ Cr.) ⓘ | 295 | - |
| P/BV ⓘ | 7.63 | - |
| PE ⓘ | 30.80 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 2540.05 / 4149.25 |
| All Time Low / High (₹) | 46.00 / 4149.25 |
| Market Cap (₹ Cr.) | 2,298 |
| Equity (₹ Cr.) | 6.4 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 49.7 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Dec'14 | Dec'15 | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 263 | 292 | 340 | 358 | 362 | 323 | 251 | 338 | 407 | 477 |
| Operating Expenses ⓘ | 224 | 241 | 285 | 306 | 312 | 278 | 231 | 294 | 344 | 408 |
| Manufacturing Costs | 22 | 24 | 27 | 30 | 30 | 29 | 23 | 32 | 37 | 46 |
| Material Costs | 154 | 164 | 200 | 213 | 215 | 180 | 141 | 192 | 229 | 259 |
| Employee Cost | 25 | 27 | 27 | 31 | 34 | 34 | 35 | 39 | 43 | 56 |
| Other Costs ⓘ | 23 | 26 | 31 | 32 | 33 | 35 | 31 | 32 | 35 | 47 |
| Operating Profit ⓘ | 39 | 51 | 55 | 51 | 50 | 45 | 21 | 44 | 62 | 70 |
| Operating Profit Margin (%) | 14.9% | 17.4% | 16.2% | 14.4% | 13.7% | 13.8% | 8.2% | 13.0% | 15.3% | 14.6% |
| Other Income ⓘ | 3 | 2 | 2 | 3 | 5 | 9 | 7 | 6 | 8 | 22 |
| Interest ⓘ | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation ⓘ | 5 | 5 | 5 | 5 | 5 | 4 | 6 | 6 | 9 | 8 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12 |
| Profit Before Tax ⓘ | 38 | 48 | 51 | 48 | 50 | 50 | 21 | 43 | 61 | 95 |
| Tax ⓘ | 13 | 16 | 18 | 17 | 18 | 15 | 6 | 11 | 15 | 22 |
| Profit After Tax | 25 | 32 | 33 | 32 | 32 | 35 | 15 | 33 | 46 | 73 |
| PAT Margin (%) | 9.3% | 10.9% | 9.7% | 8.8% | 8.8% | 10.7% | 6.1% | 9.7% | 11.3% | 15.3% |
| Adjusted EPS (₹) | 38.5 | 49.7 | 51.8 | 49.4 | 50.2 | 54.1 | 24.2 | 51.2 | 72.0 | 114.3 |
| Dividend Payout Ratio (%) | 55% | 53% | 44% | 51% | 50% | 46% | 62% | 49% | 56% | 22% |
| PARTICULARS | Dec'14 | Dec'15 | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 98 | 109 | 124 | 146 | 156 | 171 | 182 | 208 | 238 | 285 |
| Share Capital ⓘ | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
| Reserves ⓘ | 91 | 103 | 118 | 139 | 150 | 165 | 176 | 202 | 232 | 279 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 4 | 2 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long Term Debt | 4 | 2 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Payables | 31 | 36 | 44 | 63 | 65 | 64 | 67 | 71 | 91 | 113 |
| Others Liabilities ⓘ | 18 | 15 | 12 | 10 | 14 | 12 | 11 | 12 | 12 | 17 |
| Total Liabilities ⓘ | 150 | 161 | 181 | 219 | 235 | 247 | 260 | 292 | 342 | 416 |
Fixed Assets | ||||||||||
| Gross Block | 66 | 69 | 71 | 28 | 30 | 46 | 47 | 56 | 55 | 69 |
| Accumulated Depreciation | 40 | 43 | 45 | 5 | 10 | 11 | 16 | 21 | 24 | 30 |
| Net Fixed Assetsⓘ | 26 | 26 | 26 | 23 | 20 | 34 | 31 | 35 | 31 | 39 |
| CWIP ⓘ | 1 | 1 | 0 | 1 | 6 | 2 | 5 | 0 | 1 | 1 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventories | 13 | 16 | 19 | 17 | 21 | 19 | 13 | 23 | 20 | 33 |
| Trade Receivables | 73 | 90 | 100 | 101 | 87 | 73 | 65 | 74 | 85 | 102 |
Cash Equivalents  ⓘ
| 28 | 16 | 25 | 73 | 93 | 112 | 137 | 150 | 189 | 230 |
| Others Assetsⓘ | 9 | 12 | 11 | 5 | 9 | 7 | 10 | 10 | 16 | 11 |
| Total Assets ⓘ | 150 | 161 | 181 | 219 | 235 | 247 | 260 | 292 | 342 | 416 |
| PARTICULARS | Dec'14 | Dec'15 | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 25 | 17 | 32 | 66 | 47 | 47 | 30 | 20 | 59 | 57 |
| PBT ⓘ | 38 | 48 | 51 | 48 | 50 | 50 | 21 | 43 | 61 | 95 |
| Adjustment ⓘ | 3 | 4 | 7 | 5 | 3 | 1 | 4 | 1 | 3 | -13 |
| Changes in Working Capital ⓘ | -7 | -16 | -10 | 26 | 14 | 8 | 14 | -17 | 7 | -2 |
| Tax Paid ⓘ | -8 | -19 | -17 | -14 | -20 | -11 | -9 | -7 | -13 | -24 |
| Cash Flow From Investing Activity ⓘ | -1 | -4 | -6 | 2 | -5 | -9 | -2 | 0 | -3 | -13 |
| Capex | -3 | -5 | -4 | -3 | -8 | -14 | -4 | -5 | -8 | -1 |
| Net Investments | 0 | 0 | -3 | 3 | 0 | 0 | 0 | 0 | 0 | -22 |
| Others ⓘ | 2 | 1 | 1 | 1 | 3 | 5 | 3 | 5 | 5 | 10 |
| Cash Flow From Financing Activityⓘ | -22 | -25 | -20 | -17 | -22 | -19 | -3 | -6 | -16 | -26 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -2 | -2 | -2 | -1 | -1 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | -20 | -23 | -15 | -13 | -17 | -16 | -3 | -6 | -16 | -26 |
| Others ⓘ | 0 | 0 | -3 | -3 | -4 | -3 | 0 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | 2 | -12 | 6 | 51 | 21 | 19 | 25 | 13 | 40 | 19 |
| PARTICULARS | Dec'14 | Dec'15 | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 26.32 | 30.69 | 28.37 | 23.39 | 21.23 | 21.11 | 8.74 | 16.73 | 20.6 | 27.9 |
| ROCE (%) | 37.93 | 44.59 | 43.53 | 35.72 | 33.38 | 30.44 | 12.01 | 22.25 | 27.47 | 36.29 |
| Asset Turnover Ratio | 1.97 | 2.09 | 2.22 | 1.89 | 1.59 | 1.34 | 0.99 | 1.22 | 1.28 | 1.26 |
| PAT to CFO Conversion(x) | 1 | 0.53 | 0.97 | 2.06 | 1.47 | 1.34 | 2 | 0.61 | 1.28 | 0.78 | Working Capital Days |
| Receivable Days | 86 | 91 | 91 | 96 | 95 | 90 | 100 | 75 | 72 | 71 |
| Inventory Days | 16 | 16 | 17 | 17 | 19 | 23 | 23 | 19 | 19 | 20 |
| Payable Days | 74 | 74 | 73 | 92 | 109 | 122 | 144 | 108 | 101 | 112 |
Foseco India originally known as (Greaves Foseco) was promoted in March 22, 1958 as a 50:50 JV between Greaves, a Thapar group company, and Foundry Services (Holdings) (now called Foseco), a Burmah Castrol firm. The Thapars divested their stake in November 1993 giving the company its present name. Foseco UK owns 3,704,219 equity shares in FIL, amounting to 58% of the equity share capital of the latter. The remaining 42% of shares in FIL are with the public.
The company manufactures 400 different products for the metallurgical industry including the steel and foundry industries. The products are in the nature of additives and consumables and improve the physical properties and surface qualities of castings as well as reduce costs of melting, moulding and castings.
The company’s market covers integrated steel plants like Sail and Tisco, mini-mills like Mukand, Kalyani and Musco; and foundries like Ennore Foundries, Lakshmi Machine Works, etc. The company also exports its products mainly to Middle East, Far East, Sri Lanka, Nepal, Kenya, Ghana, Bangladesh, Singapore and Taiwan. In 2005, Foseco was again floated on the London Stock Exchange.
The manufacturing activities of the company are situated at Pune and Pondicherry and the registered office of the company is located at Gat No. 922/923, Sanaswadi, Taluka Shirur Pune, Maharashtra.
In 2012 Foseco India Limited became part of the Vesuvius plc following demerger of Cookson Group into Vesuvius plc & Alent plc.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Download APP
