BSE: 533167 | NSE: COROENGG | Engineering - Construction | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Coromandel Engineering Company Ltd is a below average quality company.
The key valuation ratios of Coromandel Engineering Company 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 Coromandel Engineering Company 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'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 15.9% | 9.9% | -6.2% | -10.3% | -7.4% | 1% | -1.5% | -2.4% | 1.2% | -2.3% | - |
| Value Creation Index ⓘ | 0.1 | -0.3 | -1.5 | -1.7 | -1.5 | -0.9 | NA | NA | NA | -1.2 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 230 | 122 | 31.3 | 32.5 | 45.7 | 57.7 | 109 | 133 | 127 | 96.6 | 97 |
| Sales YoY Gr. | - | -47% | -74.4% | 3.7% | 40.7% | 26.1% | 88.2% | 22.6% | -4.9% | -23.6% | - |
| Adj EPS ⓘ | 0.5 | 0.1 | -2.4 | -3.8 | -3.6 | -1.9 | -3 | -2.8 | -1.8 | -1.4 | -1.3 |
| YoY Gr. | - | -85.4% | -3500% | NA | NA | NA | NA | NA | NA | NA | - |
| BVPS (₹) ⓘ | 11.2 | 11.3 | 8.8 | 5 | 1.4 | 0 | -2.4 | -4.8 | -6.2 | 1.1 | 0.1 |
| Adj Net Profit ⓘ | 1.6 | 0.2 | -7.9 | -12.5 | -11.9 | -6.2 | -10.1 | -9.4 | -5.9 | -4.6 | -4 |
| Cash Flow from Ops. ⓘ | 60.2 | 19.3 | -1.1 | -19.9 | 3.8 | -1.5 | 10.8 | 19.7 | -7.1 | 10.7 | - |
| Debt/CF from Ops. ⓘ | 1.2 | 1.3 | -27.1 | -2.6 | 14.1 | -25.1 | 2.9 | 0.7 | -3.4 | 1.6 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -9.2% | 16.2% | -3.8% | -23.6% | ||||
| Adj EPS ⓘ | -212.4% | NA | NA | NA | ||||
| BVPSⓘ | -23.1% | -6.1% | NA | NA | ||||
| Share Price | 2.1% | 26% | 13.7% | 38.4% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 3.6 | 0.5 | -19.6 | -41.8 | -67.1 | -30.8 | -41.2 | -56.9 | -58.2 | -80.1 | -223.7 |
| Op. Profit Mgn % ⓘ | 11 | 9.6 | -3.3 | -13.8 | -5.3 | -2.4 | -1 | -0.2 | 0.4 | 0.8 | -3 |
| Net Profit Mgn % ⓘ | 0.7 | 0.2 | -25.2 | -38.5 | -26 | -10.7 | -9.3 | -7 | -4.7 | -4.7 | -4.5 |
| Debt to Equity ⓘ | 1.6 | 0.6 | 0.8 | 2.2 | 4.6 | 1.4 | 1.5 | 1.2 | 3.1 | 4.8 | 8.9 |
| Working Cap Days ⓘ | 324 | 337 | 703 | 692 | 537 | 430 | 232 | 166 | 165 | 233 | 141 |
| Cash Conv. Cycle ⓘ | 118 | 143 | 217 | 421 | 326 | 237 | 111 | 57 | 45 | 19 | -29 |
No data to display
Return on Equity is Poor
Sales growth has been subdued in last 3 years -3.79%
Debt to equity has increased versus last 3 years average to 4.80
Sales growth is not so good in last 4 quarters at -44.14%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -1.3 | - |
| TTM Sales (₹ Cr.) | 96.6 | - |
| BVPS (₹.) ⓘ | 0.1 | - |
| Reserves (₹ Cr.) ⓘ | -33 | - |
| P/BV ⓘ | 425.96 | - |
| PE ⓘ | 0.00 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 33.83 / 69.95 |
| All Time Low / High (₹) | 11.50 / 90.70 |
| Market Cap (₹ Cr.) | 180 |
| Equity (₹ Cr.) | 33.2 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 37.9 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 230 | 122 | 31 | 33 | 46 | 58 | 109 | 133 | 127 | 97 |
| Operating Expenses ⓘ | 206 | 110 | 32 | 37 | 48 | 59 | 110 | 133 | 126 | 96 |
| Manufacturing Costs | 74 | 21 | 14 | 16 | 15 | 27 | 54 | 65 | 60 | 41 |
| Material Costs | 104 | 73 | 9 | 13 | 24 | 24 | 45 | 55 | 51 | 40 |
| Employee Cost | 15 | 9 | 5 | 4 | 6 | 6 | 7 | 8 | 10 | 10 |
| Other Costs ⓘ | 14 | 8 | 4 | 3 | 4 | 3 | 3 | 4 | 5 | 5 |
| Operating Profit ⓘ | 25 | 12 | -1 | -5 | -2 | -1 | -1 | 0 | 1 | 1 |
| Operating Profit Margin (%) | 10.7% | 9.6% | -3.3% | -13.9% | -5.2% | -2.4% | -1.0% | -0.2% | 0.4% | 0.8% |
| Other Income ⓘ | 1 | 2 | 1 | 1 | 1 | 3 | 0 | 0 | 0 | 0 |
| Interest ⓘ | 20 | 8 | 4 | 4 | 6 | 7 | 6 | 5 | 4 | 3 |
| Depreciation ⓘ | 5 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 2 | 2 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 2 | 3 | 2 | 2 | 0 |
| Profit Before Tax ⓘ | 1 | 1 | -8 | -11 | -12 | -6 | -7 | -6 | -4 | -4 |
| Tax ⓘ | -1 | 0 | 0 | 2 | 0 | -1 | 1 | 2 | 1 | 1 |
| Profit After Tax | 1 | 0 | -8 | -13 | -12 | -5 | -8 | -8 | -5 | -4 |
| PAT Margin (%) | 0.5% | 0.3% | -24.5% | -38.6% | -26.0% | -8.2% | -7.3% | -6.0% | -3.6% | -4.6% |
| Adjusted EPS (₹) | 0.3 | 0.1 | -2.3 | -3.8 | -3.6 | -1.4 | -2.4 | -2.4 | -1.4 | -1.3 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 44 | 44 | 36 | 24 | 12 | 28 | 20 | 12 | 8 | 3 |
| Share Capital ⓘ | 40 | 40 | 40 | 40 | 40 | 62 | 62 | 62 | 62 | 33 |
| Reserves ⓘ | 4 | 4 | -4 | -17 | -28 | -33 | -41 | -49 | -54 | -30 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 38 | 25 | 29 | 48 | 50 | 38 | 31 | 14 | 24 | 17 |
| Long Term Debt | 0 | 0 | 0 | 36 | 28 | 17 | 12 | 9 | 10 | 6 |
| Short Term Debt | 38 | 25 | 29 | 12 | 21 | 21 | 19 | 6 | 14 | 10 |
| Trade Payables | 29 | 20 | 14 | 8 | 12 | 8 | 15 | 20 | 18 | 34 |
| Others Liabilities ⓘ | 80 | 4 | -5 | 7 | 5 | 7 | 7 | 13 | 12 | 12 |
| Total Liabilities ⓘ | 191 | 94 | 74 | 87 | 78 | 82 | 74 | 60 | 63 | 66 |
Fixed Assets | ||||||||||
| Gross Block | 44 | 41 | 41 | 40 | 40 | 40 | 40 | 40 | 41 | 41 |
| Accumulated Depreciation | 14 | 16 | 20 | 23 | 26 | 29 | 32 | 35 | 37 | 39 |
| Net Fixed Assetsⓘ | 29 | 25 | 21 | 17 | 13 | 10 | 7 | 5 | 3 | 2 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventories | 69 | 13 | 12 | 44 | 41 | 33 | 22 | 16 | 14 | 13 |
| Trade Receivables | 48 | 25 | 20 | 9 | 9 | 16 | 20 | 22 | 20 | 18 |
| Cash Equivalents | 3 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others Assetsⓘ | 41 | 30 | 21 | 17 | 15 | 23 | 24 | 17 | 26 | 34 |
| Total Assets ⓘ | 191 | 94 | 74 | 87 | 78 | 82 | 74 | 60 | 63 | 66 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 60 | 19 | -1 | -20 | 4 | -2 | 11 | 20 | -7 | 11 |
| PBT ⓘ | 1 | 1 | -8 | -11 | -11 | -8 | -10 | -8 | -6 | -4 |
| Adjustment ⓘ | 24 | 13 | 7 | 7 | 9 | 10 | 9 | 7 | 6 | 5 |
| Changes in Working Capital ⓘ | 34 | 4 | -1 | -21 | 6 | -3 | 11 | 20 | -8 | 11 |
| Tax Paid ⓘ | 2 | 2 | 1 | 5 | 0 | 0 | 1 | 0 | 0 | -1 |
| Cash Flow From Investing Activity ⓘ | 0 | 0 | 0 | 0 | 1 | 2 | 3 | 2 | 1 | 0 |
| Capex | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 | 0 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 1 | 2 | 3 | 2 | 2 | 0 |
| Cash Flow From Financing Activityⓘ | -61 | -20 | 1 | 20 | -4 | -1 | -14 | -21 | 6 | -11 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | -17 | -7 | -3 | -3 | -6 | -7 | -6 | -5 | -4 | -3 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -44 | -13 | 4 | 23 | 2 | 6 | -7 | -17 | 10 | -8 |
| Net Cash Flow ⓘ | -1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 3.06 | 1.08 | -23.03 | -54.67 | -110.91 | -194.19 | 0 | 0 | 0 | 0 |
| ROCE (%) | 15.92 | 9.94 | -6.24 | -10.33 | -7.35 | 0.98 | -1.48 | -2.36 | 1.23 | -2.28 |
| Asset Turnover Ratio | 0.95 | 0.86 | 0.37 | 0.4 | 0.55 | 0.72 | 1.39 | 1.99 | 2.06 | 1.5 |
| PAT to CFO Conversion(x) | 60 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | Working Capital Days |
| Receivable Days | 80 | 109 | 261 | 166 | 71 | 77 | 61 | 58 | 59 | 71 |
| Inventory Days | 90 | 123 | 147 | 314 | 337 | 232 | 92 | 52 | 42 | 50 |
| Payable Days | 106 | 124 | 673 | 307 | 158 | 154 | 93 | 118 | 138 | 235 |
Coromandel Engineering Company was established in the year 1947 and is a part of the Murugappa Group. Coromandel Engineering's first building was the Wellington Nursing Home (Now Sankar Nethralaya housed). The first industrial major project was putting up the factory for Tube Investment and the next plant for Ashok Leyland. Among Coromandel Engineering's subsequent major projects in the first five years were the various factories the Murugappa Group raised in Avadi, Ambattur and Thiruvottiyur apart from several other factories that came up in Chennai as a consequence of post independence industrial boom.
Though Coromandel Engineering's thinking was to concentrate on factory building, the company made a mark for itself when it started work on the British designed United India Building which was completed in 1959 as the nationalized Life Insurance Corporation's southern Head quarters, the tallest building in South till the 1980's ( LIC building of Mount road - 14 Floors). Another landmark building includes Tiam House in First Line Beach (Now Rajaji Salai), Bombay Mutual Building on Esplanade were among the first modern high rise buildings in Madras main business district. Chola Sheraton and Oberoi Group Trident (now the Hilton Group) as well the Karumuttu Centre on Mount Road in Nandanam have been some of Coromandel Engineering's major achievements.
In 1988 it had ventured into the Real Estate development in Chennai and has constructed many premium apartments in Chennai. Coromandel Engineering has not only built commercial building in Chennai, but has also constructed landmark commercial buildings in Bangalore like Unity Building, Hotel Holiday Inn and Windsor Manor which also stands testimony to the company's capabilities. It has also constructed many Industrial Buildings all over India.
Coromandel Engineering has not narrowed its activities in India and has also constructed a seven storied building for Life Insurance Corporation of India at Mauritius in the year 1993.
In 1995 it has entered into an agreement with Butler U.S.A. for putting up of Pre-Engineered Metal Building System and erected two Butler pre-fab building for Ford India. In the recent five years it has constructed many industrial, commercial and institutional buildings and recently came up with 80 units of residential blocks in Avinashi Road, Coimbatore, Tamil Nadu.
Coromandel Engineering is now embarking on the new journey of aggressive growth to further consolidate its business and emerge as one of most respected infrastructure company.
Milestones:
Services:
1. Construction Contract
2. Real Estate Development (Property Development)
Clientele:
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