C&C Constructions Ltd - Stock Valuation and Financial Performance

BSE: 532813 | NSE: CANDC | Engineering - Construction | Small Cap

C&C Constructions Share Price

2.36 0.00 0.00%
as on 27-Oct'22 18:59

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C&C Constructions stock performance -

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P/E Ratio (SA):
0.28
Market Cap:
6 Cr.
52-wk low:
2.2
52-wk high:
2.4

Is an attractive stock to invest in?

1. Is a good quality company?

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

2. Is undervalued or overvalued?

The key valuation ratios of C&C Constructions Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is a good buy now?

No data found

10 Year X-Ray of C&C Constructions:

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.
C&C Constructions 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

Jun'14Jun'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 7.3%-0.8%8%16%16.9%-370.5%0%0%0%0%-
Value Creation
Index
-0.5-1.1-0.40.10.2NANANANANA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,2831,0131,0239499435571700.20.20967
Sales YoY Gr.--21%1%-7.3%-0.6%-41%-69.5%-99.9%5.6%-79%-
Adj EPS -31.6-75.5-11.315.8-0.8-551.7-10.9-0.6-0.7-14.38.4
YoY Gr.-NANANA-105.3%NANANANANA-
BVPS (₹) 109.334.736.141.457.8-860.9-870.2-869.8-869-882.178.2
Adj Net
Profit
-80.3-192-28.840.2-2.1-1,404-27.6-1.6-1.7-36.521
Cash Flow from Ops. 2489027254.4283-133-50.7-8.67.53.7-
Debt/CF from Ops. 5.214.55.6213.3-14-37.6-221.9253.7520.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -68.4%-86.7%-93.8%-79%
Adj EPS NANANANA
BVPS-226.1%-272.5%NANA
Share Price -24.7% -6.1% -12.1% -

Key Financial Parameters

Performance Ratio Colour Code Guide

Jun'14Jun'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-22.7-86.9-18.632.1-1.3155.41.40.10.11.8-2.1
Op. Profit
Mgn %
10.6317.221.617.5-31.7-2.4-6107.4-4253.7-41586.27
Net Profit
Mgn %
-6.3-19-2.84.2-0.2-252-16.3-882.5-896.2-826682.2
Debt to
Equity
4.614.816.710.86.3-0.9-0.9-0.9-0.9-0.9-
Working Cap
Days
5736898627127698027586,79,2006,38,56127,19,514242
Cash Conv.
Cycle
116117116867761-3872,54,8172,13,1739,34,801-91

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 - C&C Constructions Ltd.

Standalone Consolidated
TTM EPS (₹) 8.4 -11.9
TTM Sales (₹ Cr.) 967 1,070
BVPS (₹.) 78.2 -19.6
Reserves (₹ Cr.) 173 -75
P/BV 0.03 -0.12
PE 0.28 0.00
From the Market
52 Week Low / High (₹) 2.23 / 2.43
All Time Low / High (₹) 1.91 / 350.00
Market Cap (₹ Cr.) 6
Equity (₹ Cr.) 25.5
Face Value (₹) 10
Industry PE 35.9

Management X-Ray of C&C Constructions:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *78.4778.4778.4778.4778.4778.4778.3278.4778.4778.47
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of C&C Constructions

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSJun'14Jun'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales1,282.531,013.43767.34948.62943.29556.99170.010.180.190.04
Operating Expenses 1,146.30983.30638.57748.92791.452,076.49174.1311.488.2318.38
Manufacturing Costs364.59382.16287.85237.65481.46381.13128.590.300.260.18
Material Costs600.04456.72240.87377.36208.53304.1524.570.0400
Employee Cost 115.0298.8373.3685.9962.0717.4310.785.072.441.15
Other Costs 66.6645.6036.4947.9239.391,373.7810.206.075.5217.05
Operating Profit 136.2330.13128.77199.71151.84-1,519.50-4.11-11.29-8.04-18.34
Operating Profit Margin (%) 10.6%3.0%16.8%21.1%16.1%-272.0%-2.4%-6,107.4%-4,253.7%-41,586.2%
Other Income 24.7030.4619.5045.396.9227.416.8613.8111.455.56
Interest 180.25171.46130.74154.49160.88830.9614.310.11019.65
Depreciation 35.6956.0140.4342.0532.1914.1212.141.481.450.87
Exceptional Items -5.08-16.190-0.7276.0100000
Profit Before Tax -60.10-183.07-22.8947.8441.69-2,337.17-23.700.931.96-33.30
Tax 16.966.88-3.6111.620.19-0.790000
Profit After Tax -77.06-189.95-19.2936.2241.50-2,336.38-23.700.931.96-33.30
PAT Margin (%) -6.0%-18.7%-2.5%3.8%4.4%-419.0%-13.9%504.9%1,037.4%-75,512.2%
Adjusted EPS (₹)-30.3-74.7-7.614.216.3-918.0-9.30.40.8-13.1
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSJun'14Jun'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 278.1388.1868.89105.33146.95-2,029.12-2,052.82-2,051.95-2,049.99-2,083.29
Share Capital 25.4525.4525.4525.4525.4525.4525.4525.4525.4525.45
Reserves 252.6862.7343.4479.89121.51-2,054.57-2,078.27-2,077.40-2,075.44-2,108.74
Minority Interest0000000000
Debt1,154.601,130.771,013.461,008.55789.851,852.481,909.801,909.801,913.331,913.33
Long Term Debt746.14662.02553.86491.84319.3700000
Short Term Debt408.46468.76459.60516.71470.481,852.481,909.801,909.801,913.331,913.33
Trade Payables315.83311.46301.69205.74279.58380.15315.99295.75298.05303.33
Others Liabilities 965.17855.49980.661,045.611,310.77227.45243.55244.28243.45261.16
Total Liabilities 2,713.722,385.902,364.692,365.232,527.16430.95416.52397.87404.84394.53

Fixed Assets

Gross Block573.30568.52564.74261.02240.8998.4098.3098.3098.3198.33
Accumulated Depreciation215.87268.41304.4037.4064.7445.8157.8959.3660.8361.68
Net Fixed Assets357.44300.11260.34223.61176.1452.5940.4138.9437.4836.64
CWIP 3.914.273.683.12000000
Investments 241.29220.67220.67220.67225.6119.0419.0419.0419.0419.04
Inventories425.13340.86391.50184.11184.560.500.290.290.290.29
Trade Receivables287.34232.44225.17266.81344.50168.23143.03130.70116.47120.91
Cash Equivalents 92.6554.3960.4435.6831.906.024.514.3122.597.42
Others Assets1,305.971,233.161,202.901,431.221,564.45184.57209.23204.59208.96210.23
Total Assets 2,713.722,385.902,364.692,365.232,527.16430.95416.52397.87404.84394.53

Cash Flow

(All Figures are in Crores.)
PARTICULARSJun'14Jun'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 247.6690.01203.7454.35283.01-132.77-50.73-8.617.543.68
PBT -60.10-183.07-22.8947.8441.69-2,337.17-23.700.931.96-33.30
Adjustment 213.63235.34164.43167.07191.811,023.6420.25-8.07-7.9521.36
Changes in Working Capital 123.6157.2377.58-153.253.591189.64-47.28-1.4713.5315.62
Tax Paid -29.49-19.48-15.37-7.36-4.09-8.890000
Cash Flow From Investing Activity 18.915.01-3.1715.853.9397.036.228.467.17-1.64
Capex -16.970.59-3.17-3.338.099.850.012.46-0.01-0.02
Net Investments 35.664.4300-4.9410.465.63-0.0700
Others 0.220019.180.7876.710.586.077.18-1.62
Cash Flow From Financing Activity -223.21-133.28-194.53-88.83-295.3924.6342.90-0.113.54-19.65
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -33.17-30.80-62.36-8.84-94.53710.0657.32000
Interest Paid -173.87-162.77-120.89-145.41-149.97-828.87-14.29-0.110-19.65
Dividend Paid 0000000000
Others -16.1860.29-11.2765.42-50.88143.44-0.1203.540
Net Cash Flow 43.35-38.266.05-18.63-8.45-11.12-1.61-0.2518.25-17.62
PARTICULARSJun'14Jun'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-24.34-103.71-24.5641.5832.9N/AN/AN/AN/AN/A
ROCE (%)7.25-0.778.0315.9616.92N/AN/AN/AN/AN/A
Asset Turnover Ratio0.470.40.320.40.390.380.4000
PAT to CFO Conversion(x)N/AN/AN/A1.56.82N/AN/A-9.263.85N/A
Working Capital Days
Receivable Days849410995118168334000
Inventory Days127138174111716115755632,412
Payable Days1802504492354253965,171000

C&C Constructions Ltd Stock News

C&C Constructions Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of C&C Constructions on 27-Oct-2022 18:59 is ₹2.36.
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 27-Oct-2022 18:59 the market cap of C&C Constructions stood at ₹6.01.
The latest P/E ratio of C&C Constructions as of 27-Oct-2022 18:59 is 0.28.
The latest P/B ratio of C&C Constructions as of 27-Oct-2022 18:59 is 0.03.
The 52-week high of C&C Constructions is ₹2.43 and the 52-week low is ₹2.23.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of C&C Constructions is ₹967.1 ( Cr.) .

About C&C Constructions Ltd

The company was incorporated in July 1996 by professionals having experience in the field of infrastructure development as C&C Constructions Private Limited and changed its name to C&C Constructions Limited in 2006. The company is based in Gurgaon, India

Since its incorporation, it has acquired expertise in EPC contracts, and has recently forayed into urban infrastructure projects. It commenced its construction projects by undertaking two contracts of Rs 0.3 million each in 1996 and presently has a prequalification capacity to quote for contracts over Rs 18 billion.

C & C Constructions Limited operates as an infrastructure development company in India. The company engages in the construction of highways and airports; laying of optic fiber cables; and maintenance of telecom networks. Its services include construction of airfield pavements; state and national highways; city and rural roads; bridges and culverts; OFC backbone projects; runway lighting; sign posting and thermoplastic road/runway marking; highway safety systems; and operation and maintenance services.

C & C Constructions Ltd. has a unique business model, with proven expertise in innovative thinking, project and cost management. The company is focused on delivering high quality work within budgeted time and costs, as evident in the various accolades and repeat business. A key objective has also been to continuously broad base the operating portfolio and enhance the order book, thus opening new avenues to growth and profitability. The company has also developed an appropriate blend of entrepreneurs and hands on professionals, constantly thinking & executing innovative and cost effective solutions to clients' requirements.

The company has ownership of critical high end and modern construction equipment such as crushers, excavators, cranes, batching plants, pavers, etc. The asset base of the company stands over Rs 2000 million. Ownership of such high end equipment enables quick mobilization besides ensuring continuous availability of critical equipment.

The company has more than 1100 employees including Engineers, MBAs and CAs and its major clients include :

  • National Highways Authority of India
  • Airports Authority of India
  • Public Works Department of various State Government
  • Punjab Infrastructure Development Board
  • Public Works Department, Afghanistan
  • The Louis Berger Group, Inc
  • RITES Limited
  • UNOPS

The company undertakes projects under following sectors: Roads & Highways projects

  • State & National Highway
  • City Roads
  • High Capacity Transport Corridors
  • Bridges & Culverts
  • Highway safety system
  • Operation & Maintenance

Water Sanitation and Sewerage projects

  • Water Sanitation Facilities
  • Providing and installing Sewerage System
  • Water Sewerage Treatment Plant
  • Irrigation Piping Network

Power / Telecom Transmission Tower projects

  • Optical Fiber Cable ( OFC) backbone Projects
  • Tower Foundation and Erection
  • DG Foundation & Installation

Commercial Buildings Projects

  • Integrated Township
  • Corporate Parks
  • IT Parks and Campus Developement

Milestones achieved

  • In 1996, the very year of its establishment it got first road project in Punjab.
  • In 1997, awarded airport project in Kerala
  • In 2000, awarded first Highway project in Durgapur
  • In 2001, executed first JV with BSCPL
  • In 2003, it secured first overseas road project in Afganistan
  • In 2005, it was awarded 3 large contracts in Bihar.
  • In 2007, it got BOT Project on National Highway.
  • In 2008, it got first water & sewerage project in Jabalpur.

Subsidiary/ joint venture

The company has executed infrastructure projects in the past independently and in joint ventures. Its joint venture partners include M/S BSCPL with whom it has been working for over eight years. Recently it has entered another joint venture with Sukhmani Engineers to address the water sewerage and sanitation segment in the infrastructure space.

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