Falcon Tyres Ltd - Stock Valuation and Financial Performance

Name: Falcon Tyres
Brand: Falcon Tyres

BSE: 509527 | NSE: FALCONTYRE | Tyres & Allied | Small Cap

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Falcon Tyres stock performance -

PE Chart Key Ratios

P/E Ratio (CD):

0.00

Market Cap:

51.9 Cr.

52-wk low:

6.7

52-wk high:

6.7

Is an attractive stock to invest in?

1. Is a good quality company?

Data is not available for this company.

2. Is undervalued or overvalued?

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3. Is a good buy now?

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10 Year X-Ray of Falcon Tyres:

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 ^P

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'05	Mar'06	Mar'07	Mar'08	Mar'09	Sep'10	Sep'11	Sep'12	Mar'14	Mar'15	TTM
ROCE % ⓘ	9.1%	14%	0%	0%	0%	34.9%	12.5%	-1.2%	6.1%	-0.2%	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	189	222	0	0	0	820	977	978	799	66.3	66
Sales YoY Gr.	-	17.6%	-100%	NA	NA	NA	19.1%	0.2%	-18.3%	-91.7%	-
Adj EPS ⓘ	0.3	1	0	0	0	13.7	5.7	-1.3	0.4	-10	-1
YoY Gr.	-	220%	-100%	NA	NA	NA	-58.4%	-122.2%	NA	-2543.9%	-
BVPS (₹) ⓘ	7.9	8.3	0	0	0	28.4	32.3	26.4	17.9	26.1	26.1
Adj Net Profit ⓘ	1	3.3	0	0	0	46.8	19.5	-9.8	3.2	-77.6	-8
Cash Flow from Ops. ⓘ	-12.3	1.2	0	0	0	114	79.7	123	21.6	13.3	-
Debt/CF from Ops. ⓘ	-2	21	0	0	0	2.9	6.8	5.1	24.1	54.9	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	-11%	NA	-59.2%	-91.7%
Adj EPS ⓘ	-247.7%	NA	-220.6%	-2543.9%
BVPSⓘ	14.2%	NA	-6.9%	45.5%
Share Price	-	-	-	-

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'05	Mar'06	Sep'10	Sep'11	Sep'12	Mar'14	Mar'15	TTM
Return on Equity % ⓘ	3.5	10.9	37.2	8.7	-3.9	1.7	-29.1	-3.7
Op. Profit Mgn % ⓘ	2.5	3.7	11.1	7.2	7	6	-122.9	NAN
Net Profit Mgn % ⓘ	0.5	1.5	5.6	1.7	-1	0.4	-117.1	-11.3
Debt to Equity ⓘ	0.9	0.9	3.4	4.9	3.1	3.8	3.6	-
Working Cap Days ⓘ	86	94	69	136	169	121	1,940	0
Cash Conv. Cycle ⓘ	50	56	37	42	29	21	320	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 %

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

Latest Financials - Falcon Tyres Ltd.

	Standalone	Consolidated
TTM EPS (₹)	-15.8	-1
TTM Sales (₹ Cr.)	28.8	66.3
BVPS (₹.) ⓘ	21.6	26.1
Reserves (₹ Cr.) ⓘ	128	164
P/BV ⓘ	0.31	0.26
PE ⓘ	0.00	0.00

From the Market
52 Week Low / High (₹)	6.70 / 6.70
All Time Low / High (₹)	1.00 / 233.95
Market Cap (₹ Cr.)	51.9
Equity (₹ Cr.)	38.7
Face Value (₹)	5
Industry PE ⓘ	29

Management X-Ray of Falcon Tyres:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

94.62

93.30

0.00

19.73

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

Valuation of Falcon Tyres

Analyst's Notes

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Key Ratios of Falcon Tyres

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'02	Mar'03	Mar'04	Mar'05	Mar'06	Sep'10	Sep'11	Sep'12	Mar'14	Mar'15
Sales	124.04	158.27	155.21	188.91	222.14	820.32	976.76	978.34	1,198.66	66.31
Operating Expenses ⓘ	115.65	144.61	150.26	184.35	214.59	729.27	906.11	910.65	1,128.12	147.80
Manufacturing Costs	16.45	21.43	20.98	25.66	28.67	70.79	96.35	76.42	90.04	6.79
Material Costs	67.09	83.98	88.91	119.82	147.12	531.99	663.71	690.17	845.16	89.51
Employee Cost	14.43	15.61	17.61	17.74	18.61	46.57	63.31	59.72	90.32	30.77
Other Costs ⓘ	17.68	23.59	22.77	21.14	20.19	79.92	82.74	84.34	102.59	20.74
Operating Profit ⓘ	8.39	13.66	4.94	4.55	7.55	91.06	70.64	67.69	70.55	-81.49
Operating Profit Margin (%)	6.8%	8.6%	3.2%	2.4%	3.4%	11.1%	7.2%	6.9%	5.9%	-122.0%
Other Income ⓘ	2.46	1.54	2.15	1.86	2.29	6.40	9.44	10.44	9.48	9.05
Interest ⓘ	2.72	1.97	2.12	2.34	2.98	23.56	28.97	43.07	51.35	5.92
Depreciation ⓘ	1.91	2.15	2.31	2.44	2.47	13.64	12.91	21.02	24.68	29.33
Exceptional Items ⓘ	0	0	0	0	0	0	0	-66.11	-0.02	100.18
Profit Before Tax ⓘ	6.21	11.08	2.66	1.63	4.39	60.26	38.20	-52.08	3.97	-7.51
Tax ⓘ	2.16	5.75	1	0.66	1.52	14.15	20.28	4.54	0	0
Profit After Tax	4.06	5.33	1.66	0.97	2.87	46.11	17.92	-56.62	3.97	-7.51
PAT Margin (%)	3.3%	3.4%	1.1%	0.5%	1.3%	5.6%	1.8%	-5.8%	0.3%	-11.3%
Adjusted EPS (₹)	1.1	1.6	0.5	0.3	0.8	13.8	6.0	-7.4	0.5	-1.0
Dividend Payout Ratio (%)	22%	18%	53%	59%	49%	18%	29%	-7%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'02	Mar'03	Mar'04	Mar'05	Mar'06	Sep'10	Sep'11	Sep'12	Mar'14	Mar'15
Equity and Liabilities
Shareholders Fund	25.28	28.68	29.25	29.48	30.64	221.34	226.12	274.14	274.47	258.51
Share Capital ⓘ	6	5.68	5.68	5.68	5.68	17.04	17.04	38.74	38.74	38.74
Reserves ⓘ	19.28	23	23.57	23.80	24.95	204.29	209.08	235.41	235.73	219.78
Minority Interest	0	0	0	0	0	6.65	4.19	0	0	0
Debt	5.48	8.26	9.45	24.01	25.95	329.56	521.20	597.75	780.93	727.50
Long Term Debt	5.48	8.26	9.45	24.01	25.95	329.56	197.27	478.84	680.41	727.50
Short Term Debt	0	0	0	0	0	0	323.93	118.90	100.52	0
Trade Payables	17.16	15.82	19.48	15.43	23.07	95.12	111.31	116.87	51.21	33.83
Others Liabilities ⓘ	17.73	27.11	24.84	26.81	25.43	109.59	163.25	143.97	115.28	88.32
Total Liabilities ⓘ	65.64	79.88	83.02	95.73	105.09	762.25	1,026.07	1,132.74	1,221.89	1,108.17
Fixed Assets
Gross Block	46.82	51.67	53.51	54.62	56.45	546.29	569.35	590.83	932.77	932.77
Accumulated Depreciation	20.96	23.50	25.89	27.34	29.91	119.41	140.84	98.64	126.97	164.74
Net Fixed Assetsⓘ	25.86	28.16	27.62	27.28	26.55	426.88	428.51	492.19	805.80	768.03
CWIP ⓘ	0.01	0.74	0	0	0.09	38.78	43.98	161.09	2.30	40.31
Investmentsⓘ	1.89	3.94	3.52	3.52	0.02	0.06	0.06	0.06	0.06	0.06
Inventories	12.74	18.44	21.03	29.71	33.36	94.11	109.24	95.36	65.89	4.66
Trade Receivables	13.06	14.21	18.84	24.68	28.77	129.67	123.11	68.52	63.05	17.02
Cash Equivalents	5.73	4.59	7.94	5.71	6.09	33.30	28.82	24.49	4.43	4.28
Others Assetsⓘ	6.36	9.79	4.06	4.84	10.21	39.45	292.35	291.02	280.36	273.81
Total Assets ⓘ	65.64	79.88	83.02	95.73	105.09	762.25	1,026.07	1,132.74	1,221.89	1,108.17

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'02	Mar'03	Mar'04	Mar'05	Mar'06	Sep'10	Sep'11	Sep'12	Mar'14	Mar'15
Cash Flow From Operating Activity ⓘ	7.83	5.79	4.08	-12.25	1.24	114.37	79.70	122.87	32.39	13.26
PBT ⓘ	6.21	5.39	1.66	0.97	2.87	62.69	39.44	-52.08	3.97	-107.69
Adjustment ⓘ	3.23	8.82	4.92	4.12	6.12	34.17	38.52	128.08	72.81	34.71
Changes in Working Capital ⓘ	0.16	-4.26	-0.84	-16.26	-6.17	28.18	7.03	67.12	-40.5	85.53
Tax Paid ⓘ	-1.77	-4.16	-1.66	-1.08	-1.58	-10.67	-5.28	-20.26	-3.89	0.70
Cash Flow From Investing Activity ⓘ	0.27	-6.77	-0.41	-2	3.79	-102.83	-270.46	-197.44	-161.48	-38.01
Capex	-2.86	-5.22	-1.21	-2.19	-3.10	-104.63	-265.24	-258.92	-194.71	-38.01
Net Investments	2.92	-2.02	0.38	0	2.58	-88.57	0	0	11	0
Others ⓘ	0.22	0.47	0.42	0.18	4.31	90.38	-5.22	61.48	22.23	0.01
Cash Flow From Financing Activityⓘ	-7.54	-0.15	-0.32	12.02	-0.83	0.17	186.29	70.24	109.02	24.61
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	38.53	0	0
Net Proceeds from Borrowing ⓘ	0	0	2.17	13.26	3.24	0	65.22	277.11	176.43	0
Interest Paid ⓘ	-2.43	-1.57	-2.15	-1.52	-2.10	-21.82	-26.95	-37.96	-49.02	-5.97
Dividend Paid ⓘ	-0.70	-0.88	-0.98	-0.86	-0.58	-2.56	-8.58	-5.94	0	0
Others ⓘ	-4.42	2.31	0.64	1.13	-1.38	24.55	156.60	-201.50	-18.38	30.57
Net Cash Flow ⓘ	0.56	-1.13	3.35	-2.23	4.20	11.72	-4.48	-4.33	-20.06	-0.14

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'02	Mar'03	Mar'04	Mar'05	Mar'06	Sep'10	Sep'11	Sep'12	Mar'14	Mar'15
Ratios
ROE (%)	18.28	22.14	6.32	3.61	10.42	73.73	17.32	-35.99	1.93	-3.66
ROCE (%)	32.31	42.16	13.6	9.11	14.02	34.88	12.5	-1.22	6.09	-0.17
Asset Turnover Ratio	2.21	2.51	2.22	2.46	2.55	2.03	1.19	0.98	1.11	0.06
PAT to CFO Conversion(x)	1.93	1.09	2.46	-12.63	0.43	2.48	4.45	N/A	8.16	N/A
Working Capital Days
Receivable Days	33	27	33	36	38	33	44	33	18	220
Inventory Days	32	31	40	42	45	26	35	35	23	194
Payable Days	81	62	58	43	39	31	51	51	26	148

Falcon Tyres Ltd Stock News

Falcon Tyres Ltd FAQs

What is the share price of Falcon Tyres?

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

What is the market cap of Falcon Tyres?

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 Falcon Tyres stood at ₹51.91.

What is the P/E ratio of Falcon Tyres?

The latest P/E ratio of Falcon Tyres as of 01-Jan-1970 05:30 is 0.00.

What is the P/B ratio of Falcon Tyres?

The latest P/B ratio of Falcon Tyres as of 01-Jan-1970 05:30 is 0.31.

What is the 52-week high and low of Falcon Tyres?

The 52-week high of Falcon Tyres is ₹6.70 and the 52-week low is ₹6.70.

What is the TTM revenue of Falcon Tyres?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Falcon Tyres is ₹28.79 ( Cr.) .

About Falcon Tyres Ltd

Falcon Tyres Limited, Located in Mysore, Karnataka , India and incorporated in 1973 is part of the Ruia Group headed by Chairman Pawan Kumar Ruia .

Falcon Manufactures and markets a wide range of nylon bias ply tyres and butyl tubes for two and three wheelers, passenger cars , jeeps , light commercial and farm vehicles under the DUNLOP brand in Indian market and Falcon and Donin brands for export markets . In the two and three wheeler category, the company offers an unmatched choice of patterns and design constructions, catering to the different needs of its customers.

Falcon is the preferred choice of leading vehicle manufactures in India including Hero Honda Motors Ltd., Bajaj Auto Ltd., Piaggiao Vehicles Pvt. Ltd. , Mahindra and Mahindra Ltd. , India Yamaha motors Ltd. ,Royal Enfield Ltd. etc.

The company has entered into a Technical Aid Agreement with Sumitomo Rubber Industries Ltd. of JAPAN which will give it access to the latest International technology, new product range, upgraded product quality and best processes. Falconâ€™s aim is to give maximum satisfaction to its customers by offering the highest standards of service excellence and world-class products.

Product range of the company includes:

The company manufactures Tyres suitable for the vehicles of: