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BSE: 0 | NSE: INNOMET | Metal - Ferrous | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Innomet Advanced Materials Ltd is a below average quality company.
The key valuation ratios of Innomet Advanced Materials 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 Innomet Advanced Materials 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'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| ROCE % ⓘ | 14.9% | 20.1% | 57.5% | 29.7% | - |
| Value Creation Index ⓘ | 0.1 | 0.4 | 3.1 | 1.1 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||
| Sales ⓘ | 12.3 | 22.2 | 23.3 | 24.9 | 25 |
| Sales YoY Gr. | - | 80.4% | 5% | 6.9% | - |
| Adj EPS ⓘ | 0.5 | 1 | 5.6 | 2.7 | 2 |
| YoY Gr. | - | 81.1% | 481.3% | -52.5% | - |
| BVPS (₹) ⓘ | 6.1 | 6.6 | 12.2 | 15.5 | 37.8 |
| Adj Net Profit ⓘ | 0.2 | 0.6 | 3.2 | 2.5 | 3 |
| Cash Flow from Ops. ⓘ | -0.1 | -0.2 | 3.5 | 2.2 | - |
| Debt/CF from Ops. ⓘ | -30.5 | -22 | 1.1 | 2.9 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 26.5% | 6.9% | ||||
| Adj EPS ⓘ | NA | NA | 71% | -52.5% | ||||
| BVPSⓘ | NA | NA | 36.2% | 26.4% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| Return on Equity % ⓘ | 8.7 | 18.1 | 59.2 | 23.1 | 7.3 |
| Op. Profit Mgn % ⓘ | 9.2 | 7.7 | 24.6 | 18.3 | NAN |
| Net Profit Mgn % ⓘ | 1.6 | 2.5 | 13.8 | 10.1 | 10.1 |
| Debt to Equity ⓘ | 1.7 | 1 | 0.5 | 0.4 | - |
| Working Cap Days ⓘ | 0 | 161 | 158 | 195 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 107 | 98 | 117 | 0 |
Sales growth is growing at healthy rate in last 3 years 26.50%
Net Profit is growing at healthy rate in last 3 years 71.00%
Debt to equity has declined versus last 3 years average to 0.43
Return on Equity has declined versus last 3 years average to 7.30%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 2 | - |
| TTM Sales (₹ Cr.) | 24.9 | - |
| BVPS (₹.) ⓘ | 37.8 | - |
| Reserves (₹ Cr.) ⓘ | 36 | - |
| P/BV ⓘ | 5.81 | - |
| PE ⓘ | 112.96 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 285 |
| Equity (₹ Cr.) | 12.9 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 231.1 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Sales | 12 | 22 | 23 | 25 |
| Operating Expenses ⓘ | 11 | 20 | 18 | 20 |
| Manufacturing Costs | 1 | 2 | 2 | 2 |
| Material Costs | 8 | 16 | 13 | 15 |
| Employee Cost | 1 | 1 | 1 | 1 |
| Other Costs ⓘ | 2 | 2 | 2 | 3 |
| Operating Profit ⓘ | 1 | 2 | 6 | 5 |
| Operating Profit Margin (%) | 9.2% | 7.6% | 24.6% | 18.3% |
| Other Income ⓘ | 0 | 0 | 0 | 1 |
| Interest ⓘ | 1 | 1 | 1 | 1 |
| Depreciation ⓘ | 0 | 0 | 0 | 0 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0 | 1 | 4 | 3 |
| Tax ⓘ | 0 | 0 | 1 | 1 |
| Profit After Tax | 0 | 1 | 3 | 3 |
| PAT Margin (%) | 1.6% | 2.5% | 13.8% | 10.1% |
| Adjusted EPS (₹) | 0.5 | 1.0 | 5.6 | 2.7 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 2 | 4 | 7 | 15 | ||||||
| Share Capital ⓘ | 2 | 3 | 3 | 10 | ||||||
| Reserves ⓘ | 0 | 1 | 4 | 5 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | ||||||
| Debt | 4 | 4 | 4 | 6 | ||||||
| Long Term Debt | 0 | 0 | 0 | 0 | ||||||
| Short Term Debt | 4 | 4 | 4 | 6 | ||||||
| Trade Payables | 2 | 2 | 2 | 3 | ||||||
| Others Liabilities ⓘ | 4 | 6 | 10 | 10 | ||||||
| Total Liabilities ⓘ | 12 | 16 | 23 | 34 | ||||||
Fixed Assets | ||||||||||
| Gross Block | 3 | 3 | 3 | 16 | ||||||
| Accumulated Depreciation | 0 | 0 | 0 | 0 | ||||||
| Net Fixed Assetsⓘ | 3 | 3 | 3 | 16 | ||||||
| CWIP ⓘ | 0 | 2 | 6 | 0 | ||||||
| Investmentsⓘ | 0 | 0 | 0 | 0 | ||||||
| Inventories | 7 | 8 | 9 | 11 | ||||||
| Trade Receivables | 1 | 2 | 2 | 4 | ||||||
| Cash Equivalents | 0 | 0 | 0 | 0 | ||||||
| Others Assetsⓘ | 1 | 1 | 2 | 4 | ||||||
| Total Assets ⓘ | 12 | 16 | 23 | 34 | ||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 0 | 0 | 4 | 2 |
| PBT ⓘ | 0 | 1 | 4 | 3 |
| Adjustment ⓘ | 0 | 0 | 0 | 0 |
| Changes in Working Capital ⓘ | -1 | -1 | -1 | -1 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | -1 | -3 | -5 | -6 |
| Capex | -1 | -2 | -5 | -6 |
| Net Investments | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 1 | 3 | 1 | 4 |
| Net Proceeds from Shares ⓘ | 0 | 1 | -1 | 3 |
| Net Proceeds from Borrowing ⓘ | 1 | 2 | 2 | -1 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 3 |
| Net Cash Flow ⓘ | 0 | 0 | 0 | 0 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 8.73 | 18.08 | 59.23 | 23.13 | ||||||
| ROCE (%) | 14.88 | 20.11 | 57.48 | 29.66 | ||||||
| Asset Turnover Ratio | 1 | 1.58 | 1.41 | 1.02 | ||||||
| PAT to CFO Conversion(x) | N/A | 0 | 1.33 | 0.67 | Working Capital Days | |||||
| Receivable Days | 39 | 23 | 21 | 32 | ||||||
| Inventory Days | 199 | 119 | 114 | 124 | ||||||
| Payable Days | 82 | 45 | 51 | 56 | ||||||
Innomet Advanced Materials Limited was originally formed as a partnership firm under the name and style of ‘M/s. Padmasree Enterprises’ pursuant to a deed of partnership dated March 07, 1984, as amended from time to time. M/s. Padmasree Enterprises was thereafter converted into a private limited Company ‘Innomet Advanced Materials Private Limited’ pursuant to the provisions of Chapter XXI of the Companies Act, 2013 on January 29, 2019 and fresh a certificate of incorporation dated April 24, 2019 was issued by Registrar of Companies, Central Registration Centre. Subsequently, the name of the company was changed to Innomet Advanced Materials Limited upon conversion to a public limited company pursuant to a Board resolution dated September 07, 2023 and a resolution passed in the extra-ordinary general meeting of the shareholders held on September 18, 2023 and consequently a Fresh Certificate of Incorporation dated November 9, 2023 was issued by the Registrar of Companies, Hyderabad.
The company is manufacture of ‘Metal Powders & Tungsten Heavy Alloys’ comes under the gamut of ‘Powder Metallurgy’. The company has all the necessary infrastructure for the development and manufacture of Metal Powders and Tungsten Heavy Alloys. To update its self technologically, the company associates with the senior most scientists in the world and with renowned Research Organisations in India for continuous development of various Powder Metallurgy (PM) products. The company has also started/conducted in-house experiments to develop products required by the end users. The company has been found to be in conformity with the Quality Management System Standard: ISO 9001:2015 with a scope of manufacturing and supply of Ferrous & Non-Ferrous Metal/Alloy Powders and Tungsten Heavy Alloy components.
The company has 2 divisions with brand names as Innomet Powders and Innotung. Through Innomet Powders, it is global Suppliers of Metal and Alloy Powders through water, air and gas atomization processes. The Company has many products including Copper, Bronze, Brass, Nickel, Tin and Stainless-Steel Powders for several industries and specializes in manufacturing customized grades of Metal/Alloy Powders containing Iron, Copper, Nickel, Tin, Zinc and Cobalt. Innotung used in various applications such as Radiation Shielding, Boring Bars, Sporting, Dead Weights, Centre of Gravity Adjustors, Tungsten Ballast, Tungsten Collimator, Vibration Damping, Tungsten Penetrators, Pre-fragments, Tungsten Camera body, Defense and Ammunition.
Business area of the company
The company is engaged in the business of manufacture of Diamond Tools, Metal Powders (Ferrous, Non-Ferrous and their Alloys) and Tungsten Heavy Alloys.
Accreditations and certifications
History and milestones
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
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.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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