BSE: 522001 | NSE: | Engineering - Industrial Equipments | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Cranex Ltd is a below average quality company.
The key valuation ratios of Cranex 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 Weak which suggest that the price of Cranex Ltd is likely to Fall 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.
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 6.2% | 6.8% | 8% | 6.4% | 7.2% | 7% | 6.8% | 6.4% | 7.1% | 7.4% | - |
| Value Creation Index ⓘ | -0.6 | -0.5 | -0.4 | -0.5 | -0.5 | -0.5 | -0.5 | -0.5 | -0.5 | -0.5 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 14.3 | 20.1 | 21.7 | 22.8 | 25.9 | 31.1 | 35.5 | 35.7 | 40.1 | 41.4 | 60 |
| Sales YoY Gr. | - | 41% | 7.9% | 4.7% | 14% | 20% | 14.2% | 0.4% | 12.6% | 3.1% | - |
| Adj EPS ⓘ | 0.6 | 0.7 | 1 | 0.8 | 1 | 1.6 | 1.3 | 1.3 | 1.3 | 1.3 | 3.1 |
| YoY Gr. | - | 27.3% | 37.1% | -13.5% | 21.7% | 54.5% | -18.6% | -1.6% | 3.2% | 2.3% | - |
| BVPS (₹) ⓘ | 7.2 | 7.9 | 8.9 | 9.7 | 10.8 | 11.9 | 13.1 | 14.3 | 15.6 | 15.8 | 19.9 |
| Adj Net Profit ⓘ | 0.3 | 0.4 | 0.6 | 0.5 | 0.6 | 0.9 | 0.8 | 0.8 | 0.8 | 0.8 | 2 |
| Cash Flow from Ops. ⓘ | 0.3 | -1.1 | -3.8 | 1.4 | 0.4 | -1.6 | -1 | 2.8 | -0.9 | 0.7 | - |
| Debt/CF from Ops. ⓘ | 32.1 | -8.9 | -3.9 | 9.9 | 36.7 | -12 | -21.4 | 7 | -24.3 | 34.9 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 12.6% | 9.8% | 5.2% | 3.1% | ||||
| Adj EPS ⓘ | 10.2% | 5.5% | 1.3% | 2.3% | ||||
| BVPSⓘ | 9.1% | 8.1% | 6.6% | 1.6% | ||||
| Share Price | 37.9% | 66.6% | 101.5% | 103.9% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 7.9 | 9.3 | 11.4 | 9 | 9.9 | 13.8 | 10.2 | 9.1 | 8.6 | 8.4 | 17.5 |
| Op. Profit Mgn % ⓘ | 5.8 | 3.8 | 5.5 | 4.3 | 3.4 | 6 | 4.6 | 5.3 | 5.4 | 6 | 5.6 |
| Net Profit Mgn % ⓘ | 2.3 | 2.1 | 2.6 | 2.2 | 2.3 | 3 | 2.1 | 2.1 | 1.9 | 1.9 | 3.1 |
| Debt to Equity ⓘ | 2.1 | 2 | 2.8 | 2.4 | 2.5 | 2.8 | 2.7 | 2.3 | 2.4 | 2.5 | 0.5 |
| Working Cap Days ⓘ | 488 | 401 | 478 | 487 | 441 | 379 | 363 | 404 | 355 | 346 | 122 |
| Cash Conv. Cycle ⓘ | 165 | 158 | 185 | 191 | 208 | 168 | 147 | 151 | 134 | 183 | 20 |
Return on Equity has increased versus last 3 years average to 17.50%
Sales growth is good in last 4 quarters at 25.10%
Sales growth has been subdued in last 3 years 5.21%
Net Profit has been subdued in last 3 years 1.30%
Debt to equity has increased versus last 3 years average to 2.54
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 3.1 | 3.1 |
| TTM Sales (₹ Cr.) | 60.5 | 60.5 |
| BVPS (₹.) ⓘ | 19.9 | 19.5 |
| Reserves (₹ Cr.) ⓘ | 6 | 6 |
| P/BV ⓘ | 6.99 | 7.12 |
| PE ⓘ | 44.60 | 44.58 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 47.02 / 190.05 |
| All Time Low / High (₹) | 0.74 / 190.05 |
| Market Cap (₹ Cr.) | 83.4 |
| Equity (₹ Cr.) | 6 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 57.5 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 14.28 | 20.14 | 21.74 | 22.76 | 25.94 | 31.12 | 35.53 | 35.66 | 40.14 | 41.38 |
| Operating Expenses ⓘ | 13.45 | 19.38 | 20.54 | 21.79 | 25.07 | 29.63 | 33.95 | 33.81 | 37.98 | 39.12 |
| Manufacturing Costs | 1.87 | 2.26 | 2.81 | 2.63 | 2.52 | 2.58 | 3.22 | 3.90 | 3.88 | 3.79 |
| Material Costs | 8.93 | 14.46 | 14.49 | 15.65 | 18.31 | 21.96 | 24.14 | 22.54 | 25.22 | 25.71 |
| Employee Cost | 1.23 | 1.08 | 1.32 | 1.29 | 1.97 | 2.14 | 2.83 | 3.48 | 3.62 | 4.97 |
| Other Costs ⓘ | 1.42 | 1.58 | 1.92 | 2.22 | 2.27 | 2.96 | 3.75 | 3.89 | 5.25 | 4.65 |
| Operating Profit ⓘ | 0.83 | 0.76 | 1.20 | 0.97 | 0.87 | 1.49 | 1.58 | 1.85 | 2.16 | 2.26 |
| Operating Profit Margin (%) | 5.8% | 3.8% | 5.5% | 4.3% | 3.4% | 4.8% | 4.5% | 5.2% | 5.4% | 5.5% |
| Other Income ⓘ | 0.17 | 0.32 | 0.32 | 0.36 | 0.78 | 0.44 | 0.55 | 0.23 | 0.28 | 0.47 |
| Interest ⓘ | 0.32 | 0.34 | 0.61 | 0.65 | 0.73 | 0.88 | 1.02 | 0.99 | 1.22 | 1.16 |
| Depreciation ⓘ | 0.18 | 0.13 | 0.15 | 0.05 | 0.14 | 0.22 | 0.23 | 0.24 | 0.29 | 0.31 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0.50 | 0.60 | 0.77 | 0.63 | 0.78 | 0.83 | 0.88 | 0.86 | 0.93 | 1.26 |
| Tax ⓘ | 0.17 | 0.18 | 0.20 | 0.13 | 0.18 | 0.17 | 0.16 | 0.12 | 0.15 | 0.64 |
| Profit After Tax | 0.33 | 0.42 | 0.57 | 0.50 | 0.61 | 0.66 | 0.72 | 0.74 | 0.78 | 0.62 |
| PAT Margin (%) | 2.3% | 2.1% | 2.6% | 2.2% | 2.3% | 2.1% | 2.0% | 2.1% | 1.9% | 1.5% |
| Adjusted EPS (₹) | 0.6 | 0.7 | 1.0 | 0.8 | 1.0 | 1.1 | 1.2 | 1.2 | 1.3 | 1.0 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 4.34 | 4.76 | 5.33 | 5.83 | 6.45 | 7.11 | 7.83 | 8.57 | 9.35 | 9.50 |
| Share Capital ⓘ | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
| Reserves ⓘ | -1.66 | -1.24 | -0.67 | -0.17 | 0.45 | 1.11 | 1.83 | 2.57 | 3.35 | 3.50 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 9.20 | 9.38 | 14.93 | 13.99 | 15.74 | 19.48 | 21.24 | 19.89 | 22.78 | 23.76 |
| Long Term Debt | 7.64 | 7.72 | 9.31 | 13.99 | 15.74 | 19.48 | 21.24 | 19.89 | 22.78 | 6.42 |
| Short Term Debt | 1.56 | 1.66 | 5.62 | 0 | 0 | 0 | 0 | 0 | 0 | 17.34 |
| Trade Payables | 7.96 | 11.85 | 11.37 | 10.60 | 6.57 | 10.44 | 12.57 | 18.59 | 10.30 | 13.81 |
| Others Liabilities ⓘ | 1.60 | 2.45 | 4.77 | 5.41 | 6.85 | 2.75 | 1.66 | 2.23 | 1.69 | 5.65 |
| Total Liabilities ⓘ | 23.10 | 28.45 | 36.40 | 35.84 | 35.62 | 39.79 | 43.30 | 49.28 | 44.11 | 52.72 |
Fixed Assets | ||||||||||
| Gross Block | 3.69 | 3.88 | 5.22 | 5.48 | 5.75 | 6.99 | 7.58 | 8.75 | 9.63 | 9.67 |
| Accumulated Depreciation | 2.48 | 2.61 | 2.76 | 2.81 | 2.83 | 2.89 | 3.09 | 3.28 | 3.57 | 3.88 |
| Net Fixed Assetsⓘ | 1.21 | 1.27 | 2.46 | 2.67 | 2.92 | 4.10 | 4.49 | 5.46 | 6.05 | 5.79 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 1.82 | 1.82 | 1.82 | 1.82 | 1.82 | 2.14 |
| Inventories | 5.37 | 7.24 | 7.58 | 5.62 | 7.76 | 8.16 | 9.01 | 14.57 | 12.48 | 16.10 |
| Trade Receivables | 12.65 | 16.13 | 19.38 | 20.50 | 14.79 | 16.64 | 20.41 | 19.89 | 15.89 | 21.03 |
| Cash Equivalents | 1.37 | 0.08 | 0.11 | 0.20 | 0.08 | 0.06 | 0.05 | 0.06 | 0.16 | 2.45 |
| Others Assetsⓘ | 2.50 | 3.72 | 6.86 | 6.84 | 8.25 | 9.01 | 7.51 | 7.49 | 7.71 | 5.21 |
| Total Assets ⓘ | 23.10 | 28.45 | 36.40 | 35.84 | 35.62 | 39.79 | 43.30 | 49.28 | 44.11 | 52.72 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 0.29 | -1.06 | -3.79 | 1.42 | 0.43 | -1.64 | -1 | 2.84 | -0.94 | 0.69 |
| PBT ⓘ | 0.50 | 0.60 | 0.77 | 0.63 | 0.78 | 0.83 | 0.88 | 0.86 | 0.93 | 1.26 |
| Adjustment ⓘ | 0.24 | 0.15 | 0.22 | 0.18 | 0.24 | 0.36 | 0.38 | 0.51 | 1.26 | 1.08 |
| Changes in Working Capital ⓘ | -0.42 | -1.83 | -4.89 | 0.74 | -0.42 | -2.67 | -2.1 | 1.59 | -2.97 | -1.37 |
| Tax Paid ⓘ | -0.17 | -0.18 | -0.20 | -0.13 | -0.17 | -0.17 | -0.16 | -0.12 | -0.15 | -0.27 |
| Cash Flow From Investing Activity ⓘ | -0.03 | -0.20 | -1.34 | 0.09 | -1.87 | -1.05 | -0.21 | -0.99 | -0.62 | -0.99 |
| Capex | -0.03 | -0.20 | -1.34 | -0.26 | -0.38 | -1.40 | -0.62 | -1.21 | -0.88 | -0.05 |
| Net Investments | 0 | 0 | 0 | 0 | -1.82 | 0 | 0 | 0 | 0 | -1.33 |
| Others ⓘ | 0 | 0 | 0 | 0.35 | 0.33 | 0.35 | 0.41 | 0.21 | 0.25 | 0.39 |
| Cash Flow From Financing Activityⓘ | 0.22 | -0.04 | 5.16 | -1.41 | 1.32 | 2.66 | 1.19 | -1.83 | 1.66 | 0.16 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0.46 | 0.09 | 1.59 | -0.93 | 1.75 | 3.16 | 1.75 | -1.35 | 2.89 | 1.32 |
| Interest Paid ⓘ | -0.19 | -0.22 | -0.38 | -0.48 | -0.43 | -0.50 | -0.56 | -0.48 | -1.22 | -1.16 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -0.04 | 0.10 | 3.96 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | 0.48 | -1.29 | 0.03 | 0.09 | -0.12 | -0.03 | -0.01 | 0.01 | 0.10 | -0.13 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 7.91 | 9.26 | 11.37 | 8.95 | 9.85 | 9.76 | 9.67 | 9 | 8.67 | 6.57 |
| ROCE (%) | 6.23 | 6.8 | 8.01 | 6.39 | 7.18 | 6.98 | 6.82 | 6.4 | 7.12 | 7.35 |
| Asset Turnover Ratio | 0.67 | 0.84 | 0.72 | 0.69 | 0.74 | 0.83 | 0.86 | 0.77 | 0.86 | 0.85 |
| PAT to CFO Conversion(x) | 0.88 | -2.52 | -6.65 | 2.84 | 0.7 | -2.48 | -1.39 | 3.84 | -1.21 | 1.11 | Working Capital Days |
| Receivable Days | 334 | 242 | 279 | 291 | 244 | 184 | 190 | 206 | 163 | 163 |
| Inventory Days | 77 | 106 | 116 | 96 | 93 | 93 | 88 | 121 | 123 | 126 |
| Payable Days | 361 | 250 | 293 | 256 | 171 | 141 | 174 | 252 | 209 | 171 |
Cranex was incorporated in 1973 as a private limited company and has a track record of uninterrupted profit every year from its very inception. It was converted into a public limited company in 1985 and went public when its shares were heavily over subscribed, raising the equity from Rs 2 million to Rs 14.5 million and became a quoted company, listed at Bombay and Delhi Stock Exchanges.
To fund diversification and growth plans, a rights issue was made raising the equity from Rs 14.5 million to Rs 43.6 million. Cranex has its works located at Sahibabad Industrial Area, admeasuring approx 10,000 Sq.Mts. about 14kms. from the heart of the main business centre, Connaught Place, New Delhi. Vast area of land and infrastructure available for expansion and growth.
Technological upgradation and innovation being the key to its modernization drive, Cranex has a strategic alliance with Kuhnezug of Hamburg, Germany, a world leader in latest Crane technology and Ikusi, Spain for Remote Control Systems.
While great challenges lie ahead as India goes through its most momentous transformation ever, tremendous opportunities also exist. The new focus of Cranex is on manufacturing International quality products at competitive prices, taking advantage of our low-costs and technological prowess to position itself as a worthy global player.Different divisions of the company:
Engineering- To further consolidate its leadership in high-tech Crane technology, Cranex has upgraded its manufacturing facilities to produce still higher capacity Cranes upto 250 tonnes. We have recently introduced the latest Remote Radio Control technology for Crane and other applications.
Information Technology- Information Technology has gone through a lot of changes or we should say it is a revolution that has come into the Business world. Cranex has moved a step ahead and is now a well known name in the IT industry. Cranex undertakes all types of Software Development Projects and Internet and Intranet Application based projects. With a very efficient presence in the Cyber hubs, Cranex has a competitive edge.
International Trade- To attain the twin objectives of global contacts and tax free Export earnings, the company is actively engaged in International Trade in the Exports of Garments, Handicrafts, and Engineering Parts to USA, Europe, etc.
Products and services:
Cranex is one of the leading crane manufacturers having supplied equipments to all parts of the country. Cranex specializes in the design & manufacture of high-tech Cranes for strategic defence installations, nuclear and space installations, besides railways, power plants and other very high-priority Govt. projects. Cranex has earned a reputation of being one of the most technically advanced crane manufacturing companies in India.
Some of the most complicated & highly sophisticated Cranes for Ballistic Missiles, Satellite launch, Atomic Energy and other applications have been designed, manufactured and installed by Cranex to the satisfaction of all concerned.
Product manufactured by the division:
Both double girder and single girder cranes upto 60 meters span and 150 tonnes. Various types of Jib Cranes like Wall mounted Column mounted with Pull/Hand geared/Electric Swivelling are offered.
Information Technology
Cranex aims to provide knowledge-based software and emphasizes on the fact that Information Technology Sector needs the involvement of dedicated and qualified team to take India to the heights of success and recognition worldwide.
Cranex provides complete solution to the business world. With a very effective, dedicated and intelligent team involved in developing high quality Software Products, efficient Web-Based Solutions and Intranet Applications, Cranex marks its presence everywhere
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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.
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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