OBSC Perfection Ltd - Stock Valuation and Financial Performance

BSE: 0 | NSE: OBSCP | Engineering - Industrial Equipments |

BSE Share Price
Not Listed

DeciZen - make an informed investing decision on OBSC Perfection

Overall Rating
Bole Toh

1. Quality

2. Valuation

Undervalued

3. Price Trend

OBSC Perfection stock performance -

mw4me loader
P/E Ratio (SA):
44.39
Market Cap:
542.1 Cr.
52-wk low:
0
52-wk high:
0

Is OBSC Perfection Ltd an attractive stock to invest in?

1. Is OBSC Perfection Ltd a good quality company?

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

2. Is OBSC Perfection Ltd undervalued or overvalued?

The key valuation ratios of OBSC Perfection Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is OBSC Perfection Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of OBSC Perfection 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 OBSC Perfection:

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.
OBSC Perfection 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'22Mar'23Mar'24TTM
ROCE % 18%19.5%31.1%-
Value Creation
Index
0.30.41.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 56.596.4115115
Sales YoY Gr.-70.5%19.4%-
Adj EPS 22.56.65
YoY Gr.-26.9%164.8%-
BVPS (₹) 7.41016.939.3
Adj Net
Profit
3.54.511.812
Cash Flow from Ops. 6.41.55.2-
Debt/CF from Ops. 3238-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANANA19.4%
Adj EPS NANANA164.8%
BVPSNANANA68.3%
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'22Mar'23Mar'24TTM
Return on
Equity %
26.528.749.317.8
Op. Profit
Mgn %
12.510.118.1NAN
Net Profit
Mgn %
6.24.610.310.6
Debt to
Equity
1.41.91.4-
Working Cap
Days
089990
Cash Conv.
Cycle
016350

Recent Performance Summary

Debt to equity has declined versus last 3 years average to 1.38

Return on Equity has declined versus last 3 years average to 17.80%

Sales growth has been subdued in last 3 years 0.00%

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 - OBSC Perfection Ltd.

Standalone Consolidated
TTM EPS (₹) 5 -
TTM Sales (₹ Cr.) 115 -
BVPS (₹.) 39.3 -
Reserves (₹ Cr.) 72 -
P/BV 5.64 -
PE 44.39 -
From the Market
52 Week Low / High (₹) 0.00 / 0.00
All Time Low / High (₹) - / -
Market Cap (₹ Cr.) 542
Equity (₹ Cr.) 24.5
Face Value (₹) 10
Industry PE 59.3

Management X-Ray of OBSC Perfection:

Shareholding Pattern

No Data To Display

Promoter's Holding & Share Pledging

Event Update

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Analyst's Notes

Key Ratios of OBSC Perfection

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24
Sales5796115
Operating Expenses 498794
Manufacturing Costs121723
Material Costs346362
Employee Cost 134
Other Costs 345
Operating Profit 71021
Operating Profit Margin (%) 12.5%10.1%18.0%
Other Income 011
Interest 123
Depreciation 123
Exceptional Items 000
Profit Before Tax 4616
Tax 124
Profit After Tax 4512
PAT Margin (%) 6.4%4.7%10.6%
Adjusted EPS (₹)2.02.66.8
Dividend Payout Ratio (%)0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 131830
Share Capital 121218
Reserves 1612
Minority Interest000
Debt193340
Long Term Debt161926
Short Term Debt31414
Trade Payables141512
Others Liabilities 235
Total Liabilities 486987

Fixed Assets

Gross Block263750
Accumulated Depreciation469
Net Fixed Assets223041
CWIP 252
Investments 000
Inventories7915
Trade Receivables162022
Cash Equivalents 011
Others Assets256
Total Assets 486987

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24
Cash Flow From Operating Activity 615
PBT 4616
Adjustment 345
Changes in Working Capital -1-6-14
Tax Paid 0-2-2
Cash Flow From Investing Activity -6-14-11
Capex -6-14-10
Net Investments 000
Others 000
Cash Flow From Financing Activity -1135
Net Proceeds from Shares 000
Net Proceeds from Borrowing 000
Interest Paid -1-2-3
Dividend Paid 000
Others 0148
Net Cash Flow -100
PARTICULARSMar'22Mar'23Mar'24
Ratios
ROE (%)27.1129.3750.96
ROCE (%)18.0319.5131.14
Asset Turnover Ratio1.432.021.81
PAT to CFO Conversion(x)1.50.20.42
Working Capital Days
Receivable Days825554
Inventory Days362431
Payable Days1528479

OBSC Perfection Ltd Stock News

OBSC Perfection Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of OBSC Perfection 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 OBSC Perfection stood at ₹542.1.
The latest P/E ratio of OBSC Perfection as of 01-Jan-1970 05:30 is 44.39.
The latest P/B ratio of OBSC Perfection as of 01-Jan-1970 05:30 is 5.64.
The 52-week high of OBSC Perfection is ₹0.00 and the 52-week low is ₹0.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of OBSC Perfection is ₹115.0 ( Cr.) .

About OBSC Perfection Ltd

OBSC Perfection Limited was incorporated as Private Limited Company under the name ‘OBSC Perfection Private Limited’, under the provisions of the Companies Act, 2013 and Certificate of Incorporation was issued by the Registrar of Companies, Central Registration Centre, on March 17, 2017. The status of the Company was changed to public limited, and the name of the company was changed to ‘OBSC Perfection Limited’ vide Special Resolution dated March 26, 2024. The fresh Certificate of Incorporation consequent to conversion was issued on June 28, 2024 by the Registrar of Companies, Delhi. Omega Bright Steel & Components Private Limited and Ashwani Leekha were the initial subscribers to the Memorandum of Association (MOA) of the Company.

The company is a precision metal component manufacturer offering a diversified suite of precision engineering products which are high-quality engineered parts across end-user industries and geographies. It primarily caters to top original equipment manufacturers (OEMs) who ultimately supply various components and parts to top automotive manufacturing companies of India. In non-automotive sector, it caters to manufacturers of Defense, Marine & Telecommunication Infrastructure industries. 

It manufactures a wide range of precision metal components including but not limited to cut blanks, shafts / spline shafts, torsion rods, piston rods, rack bar semi-finished, pinion, drive shafts, gear shifters, cable end fittings, sensor boss, sleeves, push plate, hubs, housing – brass and aluminium, fork bolt, fasteners, connectors, ball pin, ball pin housing, flange, male female ring, dozing adapter, housing for a diversified base of customers. 

It has a strong in-house presence across machining, turning, fabrication, and assembly which allow it to handle a wider range of component complexity and become a one-stop shop for its customers across various industries for these requirements. It also has a seamless integration between these processes. This allows for efficient flow of components through the production line thereby minimizing delays and rework. Further, it continuously upgrades to advanced CNC machines with multi-axis capabilities. This allows it for higher precision, faster production times, and the ability to handle intricate designs.

Business area of the company

The company is engaged in the business of manufacture of components made of steel and other metals, primarily for automotive industry.

Products of the company 

  • Piston rods
  • Sensor boss
  • Stop disc
  • Turned fitting
  • Water injector
  • Nut fasteners

Awards and recognitions

  • 2020: Received Certificate for Zero Defects Supplier from Bharat Electronics Limited.
  • 2022: Received Customer Satisfaction by Quality Assurance Award from Tenneco Clean Air India.
  • 2023: Won Best Supplier (Quality) Award-2023 from Tenneco.
  • 2024: Received Special Recognition for Outstanding Contributions in BSVI Developments & Extraordinary Support in SOP-24 from Tenneco.
  • 2024: Received Certificate of Appreciation from Tata AutoComp Systems. 
  • 2024: Received Certification of Appreciation from Tenno Automative India Private Limited for excellence in VSM and cost leadership.

History and milestones 

  • 2017: Incorporation of the Company. 
  • 2020: Commencement of Operations from 1st Manufacturing Facility in Pune with an annual installed capacity of 11.50 lakh units.
  • 2020: Received IATF Standard 16949:2016 Certification in respect of Manufacture of precision machined components like pistol rods, Shafts, Connectors, cable end fittings, Studs, Bushes, Rings excluding Product design. 
  • 2020: Received ISO 9001:2015 Certification in respect of Manufacture of precision machined components like pistol rods, Shafts, Connectors, cable end fittings, Studs, Bushes, Rings, Pulley.
  • 2021: Its annual revenues from operations crossed Rs 50 crore.
  • 2022: Commenced Operations from Unit II for Investment Casting in Pune with an Annual capacity of 600 MT.
  • 2023: Commenced Operations from 3rd Manufacturing Facility spanning around 30,000 sq. ft. for Machining in Chennai to cater high demand from OEM`s and Tier 1 for south market.
  • 2023: Its annual revenues from operations crossed Rs 100 crore.
  • 2024: Leased property for expansion of business by setting up new manufacturing unit IV at Taluka-Khed, GATE NO 417, Nighoje, Near Hotel Maha Laxmi and Mess, Nighoje, Chakan, Pune- 410501 Maharashtra, India. 
  • 2024: Conversion of Company from private limited company to public limited company.

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