Foseco India Ltd - Stock Valuation and Financial Performance

BSE: 500150 | NSE: FOSECOIND | Chemicals | Small Cap

Foseco India Share Price

4,388.15 -15.65 -0.36%
as on 22-Nov'24 16:59

DeciZen - make an informed investing decision on Foseco India

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Foseco India stock performance -

mw4me loader
P/E Ratio (SA):
40.15
Market Cap:
2,802.5 Cr.
52-wk low:
2,852.4
52-wk high:
5,425

Is Foseco India Ltd an attractive stock to invest in?

1. Is Foseco India Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Foseco India Ltd is a good quality company.

2. Is Foseco India Ltd undervalued or overvalued?

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

3. Is Foseco India Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Foseco India Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Foseco India:

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.
Foseco India Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23TTM
ROCE % 37.9%44.6%43.5%35.7%33.4%30.4%12%22.3%27.5%36.3%-
Value Creation
Index
1.72.22.11.61.41.2-0.10.61.01.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 263292340358362323251338407477511
Sales YoY Gr.-10.9%16.2%5.3%1.3%-11%-22.1%34.6%20.3%17.4%-
Adj EPS 38.450.253.250.350.754.924.551.472.8102109.3
YoY Gr.-30.6%6%-5.4%0.8%8.2%-55.3%109.4%41.8%40.1%-
BVPS (₹) 153.3170.6194.7228.1244.4267.8285.6326.1372.9446.5506.2
Adj Net
Profit
24.5323432.132.435.115.732.846.565.270
Cash Flow from Ops. 25.317.33265.747.146.830.319.858.757.1-
Debt/CF from Ops. 0.20.20.10000000-

CAGR

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%
BVPS12.6%12.8%16.1%19.7%
Share Price 15.9% 27.6% 44.7% 26.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23TTM
Return on
Equity %
26.33129.123.821.521.48.916.820.824.822.9
Op. Profit
Mgn %
1517.616.614.713.914.18.313.115.514.817
Net Profit
Mgn %
9.3111098.910.96.29.711.413.713.7
Debt to
Equity
0.1000000000-
Working Cap
Days
117119119122120122136105102102138
Cash Conv.
Cycle
4854534634302620211791

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 22.90%

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 10.95%

No data to display

Latest Financials - Foseco India Ltd.

Standalone Consolidated
TTM EPS (₹) 109.3 -
TTM Sales (₹ Cr.) 511 -
BVPS (₹.) 506.2 -
Reserves (₹ Cr.) 317 -
P/BV 8.67 -
PE 40.15 -
From the Market
52 Week Low / High (₹) 2852.40 / 5425.00
All Time Low / High (₹) 46.00 / 5425.00
Market Cap (₹ Cr.) 2,802
Equity (₹ Cr.) 6.4
Face Value (₹) 10
Industry PE 55.9

Management X-Ray of Foseco India:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Foseco India

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSDec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23
Sales263292340358362323251338407477
Operating Expenses 224241285306312278231294344408
Manufacturing Costs22242730302923323746
Material Costs154164200213215180141192229259
Employee Cost 25272731343435394356
Other Costs 23263132333531323547
Operating Profit 39515551504521446270
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 32235976822
Interest 0010000000
Depreciation 5555546698
Exceptional Items 00000000012
Profit Before Tax 38485148505021436195
Tax 1316181718156111522
Profit After Tax 25323332323515334673
PAT Margin (%) 9.3%10.9%9.7%8.8%8.8%10.7%6.1%9.7%11.3%15.3%
Adjusted EPS (₹)38.549.751.849.450.254.124.251.272.0114.3
Dividend Payout Ratio (%)55%53%44%51%50%46%62%49%56%22%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSDec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23

Equity and Liabilities

Shareholders Fund 98109124146156171182208238285
Share Capital 6666666666
Reserves 91103118139150165176202232279
Minority Interest0000000000
Debt4210000000
Long Term Debt4210000000
Short Term Debt0000000000
Trade Payables313644636564677191113
Others Liabilities 18151210141211121217
Total Liabilities 150161181219235247260292342416

Fixed Assets

Gross Block66697128304647565569
Accumulated Depreciation4043455101116212430
Net Fixed Assets26262623203431353139
CWIP 1101625011
Investments 0000000000
Inventories13161917211913232033
Trade Receivables73901001018773657485102
Cash Equivalents 2816257393112137150189230
Others Assets9121159710101611
Total Assets 150161181219235247260292342416

Cash Flow

(All Figures are in Crores.)
PARTICULARSDec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23
Cash Flow From Operating Activity 25173266474730205957
PBT 38485148505021436195
Adjustment 347531413-13
Changes in Working Capital -7-16-102614814-177-2
Tax Paid -8-19-17-14-20-11-9-7-13-24
Cash Flow From Investing Activity -1-4-62-5-9-20-3-13
Capex -3-5-4-3-8-14-4-5-8-1
Net Investments 00-3300000-22
Others 21113535510
Cash Flow From Financing Activity -22-25-20-17-22-19-3-6-16-26
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -2-2-2-1-100000
Interest Paid 0000000000
Dividend Paid -20-23-15-13-17-16-3-6-16-26
Others 00-3-3-4-30000
Net Cash Flow 2-12651211925134019
PARTICULARSDec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23
Ratios
ROE (%)26.3230.6928.3723.3921.2321.118.7416.7320.627.9
ROCE (%)37.9344.5943.5335.7233.3830.4412.0122.2527.4736.29
Asset Turnover Ratio1.972.092.221.891.591.340.991.221.281.26
PAT to CFO Conversion(x)10.530.972.061.471.3420.611.280.78
Working Capital Days
Receivable Days869191969590100757271
Inventory Days16161717192323191920
Payable Days74747392109122144108101112

Foseco India Ltd Stock News

Foseco India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Foseco India on 22-Nov-2024 16:59 is ₹4,388.2.
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 22-Nov-2024 16:59 the market cap of Foseco India stood at ₹2,802.5.
The latest P/E ratio of Foseco India as of 22-Nov-2024 16:59 is 40.15.
The latest P/B ratio of Foseco India as of 22-Nov-2024 16:59 is 8.67.
The 52-week high of Foseco India is ₹5,425 and the 52-week low is ₹2,852.4.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Foseco India is ₹510.6 ( Cr.) .

About Foseco India Ltd

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.

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