Wartsila India Ltd - Stock Valuation and Financial Performance

Name: Wartsila India
Brand: Wartsila India

BSE: 500443 | NSE: WARTSILA | Diesel Engines | Small Cap

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Wartsila India stock performance -

PE Chart Key Ratios

P/E Ratio (SA):

19.36

Market Cap:

734.2 Cr.

52-wk low:

52-wk high:

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10 Year X-Ray of Wartsila India:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Dec'02	Dec'03	Dec'04	Dec'05	Dec'06	Dec'07	Dec'08	Dec'09	Dec'11	Dec'12	TTM
ROCE % ⓘ	23.7%	27.5%	23%	21.4%	13.7%	14.9%	17.8%	23%	20.5%	18.5%	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	238	272	278	285	271	239	311	392	563	493	493
Sales YoY Gr.	-	14.3%	2.2%	2.7%	-5%	-12%	30.3%	26.2%	43.4%	-12.4%	-
Adj EPS ⓘ	15.5	21.5	19.7	20.1	12.8	16.2	21.7	35.5	35.6	30.5	31.5
YoY Gr.	-	38.6%	-8.2%	2.1%	-36.4%	26.1%	34.5%	63.6%	0.1%	-14.2%	-
BVPS (₹) ⓘ	104.8	124.7	144	164.4	175.6	193.4	217.3	254.4	256.3	240.2	179.1
Adj Net Profit ⓘ	18.6	25.8	23.7	24.2	15.4	19.4	26.1	42.8	42.3	33.2	38
Cash Flow from Ops. ⓘ	27	26	26.1	17.1	14.1	45.4	-23.7	51.7	-28.3	19.6	-
Debt/CF from Ops. ⓘ	0.9	1	0.9	1.2	1.2	0.1	-0.4	0	-0.1	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	8.4%	12.7%	16.6%	-12.4%
Adj EPS ⓘ	7.8%	19%	12%	-14.2%
BVPSⓘ	9.7%	6.5%	3.4%	-6.3%
Share Price	-	-	-	-

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Dec'02	Dec'03	Dec'04	Dec'05	Dec'06	Dec'07	Dec'08	Dec'09	Dec'11	Dec'12	TTM
Return on Equity % ⓘ	15.8	18.7	14.7	13.1	7.5	8.8	10.6	15.1	13.9	11.7	15
Op. Profit Mgn % ⓘ	2.6	8	16.3	16.4	12.8	0.7	-0.2	1.7	10.1	8.1	12.5
Net Profit Mgn % ⓘ	7.8	9.5	8.5	8.5	5.7	8.1	8.4	10.9	7.5	6.7	7.7
Debt to Equity ⓘ	0.2	0.2	0.1	0.1	0.1	0	0	0	0	0	-
Working Cap Days ⓘ	269	217	202	221	274	348	312	232	203	298	0
Cash Conv. Cycle ⓘ	38	38	36	40	50	53	51	64	121	172	0

Recent Performance Summary

No data to display

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

Sales growth has been subdued in last 3 years %

Net Profit has been subdued in last 3 years %

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

Latest Financials - Wartsila India Ltd.

	Standalone	Consolidated
TTM EPS (₹)	31.5	-
TTM Sales (₹ Cr.)	493	-
BVPS (₹.) ⓘ	179.1	-
Reserves (₹ Cr.) ⓘ	203	-
P/BV ⓘ	3.41	-
PE ⓘ	19.36	-

From the Market
52 Week Low / High (₹)	0.00 / 0.00
All Time Low / High (₹)	61.00 / 630.95
Market Cap (₹ Cr.)	734
Equity (₹ Cr.)	12
Face Value (₹)	10
Industry PE ⓘ	44.5

Management X-Ray of Wartsila India:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Wartsila India

Analyst's Notes

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Key Ratios of Wartsila India

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Dec'02	Dec'03	Dec'04	Dec'05	Dec'06	Dec'07	Dec'08	Dec'09	Dec'11	Dec'12
Sales	237.92	271.87	277.92	285.40	271.06	238.67	310.86	392.42	562.56	493.05
Operating Expenses ⓘ	235.04	250.99	232.55	239.41	236.38	237.03	312.46	386.04	505.94	452.91
Manufacturing Costs	166.05	175.25	19.66	18.99	22.02	15.01	19.95	241.61	2.59	5.21
Material Costs	-5.14	13.27	149.69	137.91	124.27	123.22	167.17	-4.38	330.35	264.41
Employee Cost	24.88	29.17	31.13	39.73	45.15	52.58	67.14	70.95	89.20	109.05
Other Costs ⓘ	49.24	33.31	32.07	42.79	44.94	46.22	58.21	77.86	83.79	74.24
Operating Profit ⓘ	2.88	20.88	45.37	45.99	34.68	1.64	-1.61	6.39	56.62	40.14
Operating Profit Margin (%)	1.2%	7.7%	16.3%	16.1%	12.8%	0.7%	-0.5%	1.6%	10.1%	8.1%
Other Income ⓘ	31.02	31.72	3.79	5.53	4.37	40.95	54.30	64.15	11.56	16.51
Interest ⓘ	2.15	2.87	2.71	3.62	3.25	2.63	0.71	0.67	0.80	0.55
Depreciation ⓘ	2.87	7.64	6.31	7.13	8.50	7.83	7.47	4.43	5.45	4.16
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	28.88	42.10	40.15	40.77	27.30	32.13	44.51	65.45	61.93	51.95
Tax ⓘ	11.20	15.21	14.19	13.40	9.45	7.20	11.44	16.62	19.59	14.02
Profit After Tax	17.69	26.89	25.96	27.37	17.85	24.93	33.07	48.83	42.34	37.93
PAT Margin (%)	7.4%	9.9%	9.3%	9.6%	6.6%	10.4%	10.6%	12.4%	7.5%	7.7%
Adjusted EPS (₹)	14.7	22.4	21.6	22.7	14.8	20.7	27.5	40.6	35.6	34.9
Dividend Payout Ratio (%)	14%	9%	9%	9%	13%	12%	11%	7%	84%	92%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Dec'02	Dec'03	Dec'04	Dec'05	Dec'06	Dec'07	Dec'08	Dec'09	Dec'11	Dec'12
Equity and Liabilities
Shareholders Fund	126.16	150.02	173.24	197.80	211.27	232.68	261.52	306.13	305	261.27
Share Capital ⓘ	12.03	12.03	12.03	12.03	12.03	12.03	12.03	12.03	11.90	10.88
Reserves ⓘ	114.12	137.98	161.21	185.77	199.23	220.64	249.49	294.09	293.10	250.39
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	25	26.50	23.62	20.38	17.08	4.34	8.43	0	2.41	0
Long Term Debt	25	26.50	23.62	20.38	17.08	4.34	8.43	0	0	0
Short Term Debt	0	0	0	0	0	0	0	0	2.41	0
Trade Payables	53.99	42.97	43.32	42.26	50.49	61.35	70.59	69.39	38.85	114.02
Others Liabilities ⓘ	84.33	64.74	66.32	83.32	97.95	127.62	133.27	49.90	208.17	115.93
Total Liabilities ⓘ	289.47	284.22	306.50	343.76	376.78	425.99	473.80	425.42	554.42	491.22
Fixed Assets
Gross Block	59.12	83.86	82.74	86.75	94.75	96.86	76.07	81.36	69.72	67.10
Accumulated Depreciation	24.87	29.59	32.72	39.09	46.74	52.54	41.50	39.65	33.99	34.78
Net Fixed Assetsⓘ	34.25	54.27	50.03	47.66	48.01	44.33	34.57	41.72	35.73	32.32
CWIP ⓘ	24.88	0.52	0.21	4.55	1.05	4.53	12.22	1.83	1.90	0.17
Investmentsⓘ	48.12	68.06	91.33	92.67	100.01	128.75	89.07	145.51	46.99	52.21
Inventories	34.90	27.32	31.91	26.88	26.58	40.87	49.32	56.04	105.98	38.31
Trade Receivables	58.87	52.07	58.88	68.07	76.17	55.31	96.85	110	251.26	276.93
Cash Equivalents	8.54	8.92	7.23	10.12	6.96	12.50	37.82	32.22	39.34	19.85
Others Assetsⓘ	79.91	73.06	66.93	93.81	117.99	139.70	153.95	38.10	73.22	71.43
Total Assets ⓘ	289.47	284.22	306.50	343.76	376.78	425.99	473.80	425.42	554.42	491.22

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Dec'02	Dec'03	Dec'04	Dec'05	Dec'06	Dec'07	Dec'08	Dec'09	Dec'11	Dec'12
Cash Flow From Operating Activity ⓘ	26.96	26.02	26.06	17.10	14.11	45.42	-23.66	51.70	-28.29	19.56
PBT ⓘ	28.88	42.10	40.15	40.77	27.30	32.13	44.51	65.45	61.93	51.95
Adjustment ⓘ	14.72	-2.10	1.45	6.25	5.43	-2.63	-6.12	4.97	5.61	7.13
Changes in Working Capital ⓘ	-6.48	0.27	-3.66	-13.53	-6.9	27.03	-47.69	-9.18	-71.88	-24.15
Tax Paid ⓘ	-10.16	-14.25	-11.88	-16.38	-11.72	-11.11	-14.36	-9.53	-24.03	-15.37
Cash Flow From Investing Activity ⓘ	-48.64	-22.04	-19.86	-5.22	-8.29	-21.96	24	-40.98	103.99	20.31
Capex	-27.26	-4.26	-0.52	-9.41	-5.32	-7.47	-1.41	-4.60	-17.76	2.94
Net Investments	-24.91	-19.78	-20.07	3.82	-3.86	-21.39	21.81	-48.25	105.87	-5.22
Others ⓘ	3.53	2	0.73	0.36	0.89	6.89	3.60	11.87	15.87	22.58
Cash Flow From Financing Activityⓘ	19.38	-3.60	-7.89	-8.98	-8.98	-19.48	0.23	-12.71	-74.01	-43.36
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	25	1.50	-2.88	-3.23	-3.30	-17.08	0	0	0	0
Interest Paid ⓘ	-1.40	-2.38	-2.29	-3.01	-2.93	-2.44	-0.33	-0.06	-0.08	-0.01
Dividend Paid ⓘ	-4.21	-2.41	-2.72	-2.74	-2.74	-2.74	-3.52	-4.22	-76.32	0
Others ⓘ	0	-0.31	0	0	0	2.79	4.08	-8.43	2.39	-43.35
Net Cash Flow ⓘ	-2.29	0.39	-1.70	2.89	-3.16	3.98	0.57	-1.98	1.69	-3.49

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Dec'02	Dec'03	Dec'04	Dec'05	Dec'06	Dec'07	Dec'08	Dec'09	Dec'11	Dec'12
Ratios
ROE (%)	14.95	19.47	16.06	14.75	8.73	11.23	13.38	17.2	13.86	13.4
ROCE (%)	23.73	27.45	22.96	21.39	13.68	14.94	17.84	22.95	20.45	18.46
Asset Turnover Ratio	0.89	0.96	0.95	0.88	0.76	0.6	0.7	0.88	1.16	0.96
PAT to CFO Conversion(x)	1.52	0.97	1	0.62	0.79	1.82	-0.72	1.06	-0.67	0.52
Working Capital Days
Receivable Days	99	74	72	81	97	100	89	95	116	192
Inventory Days	53	41	39	37	36	51	53	49	52	53
Payable Days	-4,195	1,334	105	113	136	166	144	-5,835	60	106

Wartsila India Ltd Stock News

Wartsila India Ltd FAQs

What is the share price of Wartsila India?

Company share prices are keep on changing according to the market conditions. The closing price of Wartsila India on 01-Jan-1970 05:30 is ₹0.00.

What is the market cap of Wartsila India?

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 Wartsila India stood at ₹734.2.

What is the P/E ratio of Wartsila India?

The latest P/E ratio of Wartsila India as of 01-Jan-1970 05:30 is 19.36.

What is the P/B ratio of Wartsila India?

The latest P/B ratio of Wartsila India as of 01-Jan-1970 05:30 is 3.41.

What is the 52-week high and low of Wartsila India?

The 52-week high of Wartsila India is ₹0.00 and the 52-week low is ₹0.00.

What is the TTM revenue of Wartsila India?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Wartsila India is ₹493.1 ( Cr.) .

About Wartsila India Ltd

Wartsila India Limited was founded in 1986 and is based in Mumbai, India. The company is a subsidiary of Wartsila Corporation. In the year 2002, Wartsila increased its holding in Wartsila India Ltd to 88.3%.

Wartsila India manufactures diesel generating sets/engines and/or supplies equipment for the industrial, utilities, and ship power sectors in India. It provides power plant solutions based on oil, gas, and dual-fuel engines, as well as biomass fuels.

The companyâ€™s products include diesel engines and diesel generating sets in the range of 500 kilowatts to 7500 kilowatts. It also manufactures power skids, pipe modules, booster feeder units, exhaust gas silencers, fuel oil units, unloading units, fuel and lube oil transfer units, maintenance water tanks, expansion vessels, and lube oil trolleys, as well as gearboxes in the range of 500 to 1800 kilowatts, nozzles with aerodynamic contour, and oil distribution boxes.

In addition, Wartsila India operates a ship repair unit that undertakes reconditioning of components of engines, cylinder heads, pistons, FIPs, water pumps, LO pumps, air coolers, and LO coolers. Further, the company provides operations and management services to utilities, industry, and independent power producers. As of December 31, 2006, it operated and managed approximately 62 power plant sites covering 151 engines and three steam turbine generators totalling approximately 764 megawatts.

Subsidiaries:

Wartsila Technology OY AB is a subsidiary company of Wartsila India Limited.