BSE: 0 | NSE: QFIL | Steel & Iron Products | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Quality Foils (India) Ltd is a below average quality company.
The key valuation ratios of Quality Foils (India) Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Quality Foils (India) 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'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|
| ROCE % ⓘ | 9.1% | 7.8% | 8.6% | 10.8% | 6.8% | - |
| Value Creation Index ⓘ | -0.4 | -0.4 | -0.4 | -0.2 | -0.5 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | ||||||
| Sales ⓘ | 151 | 124 | 180 | 186 | 155 | 155 |
| Sales YoY Gr. | - | -18.2% | 45% | 3.7% | -17% | - |
| Adj EPS ⓘ | 5.5 | 4.6 | 7.3 | 6.8 | 4.5 | 4.7 |
| YoY Gr. | - | -16.8% | 57.6% | -6.3% | -33.1% | - |
| BVPS (₹) ⓘ | 84.5 | 89 | 93.7 | 96 | 100.7 | 100.7 |
| Adj Net Profit ⓘ | 1.2 | 1 | 1.5 | 1.9 | 1.3 | 1 |
| Cash Flow from Ops. ⓘ | 6.2 | 3.9 | -1.8 | 9 | 14.9 | - |
| Debt/CF from Ops. ⓘ | 6.7 | 10.5 | -27.2 | 4.8 | 2.3 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 7.7% | -17% | ||||
| Adj EPS ⓘ | NA | NA | -0.4% | -33.1% | ||||
| BVPSⓘ | NA | NA | 4.2% | 4.9% | ||||
| Share Price | - | - | - | -7.2% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 6.6 | 5.3 | 7.9 | 8.2 | 4.6 | 4.7 |
| Op. Profit Mgn % ⓘ | 4.2 | 4.6 | 3.6 | 3.6 | 3.5 | NAN |
| Net Profit Mgn % ⓘ | 0.8 | 0.8 | 0.9 | 1 | 0.8 | 0.9 |
| Debt to Equity ⓘ | 2.3 | 2.2 | 2.4 | 1.6 | 1.2 | - |
| Working Cap Days ⓘ | 0 | 127 | 100 | 103 | 110 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 116 | 91 | 93 | 101 | 0 |
Debt to equity has declined versus last 3 years average to 1.21
Return on Equity has declined versus last 3 years average to 4.60%
Sales growth has been subdued in last 3 years 7.66%
Net Profit has been subdued in last 3 years -0.44%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 4.7 | - |
| TTM Sales (₹ Cr.) | 155 | - |
| BVPS (₹.) ⓘ | 100.7 | - |
| Reserves (₹ Cr.) ⓘ | 26 | - |
| P/BV ⓘ | 0.89 | - |
| PE ⓘ | 19.23 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 25.7 |
| Equity (₹ Cr.) | 2.9 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 21.7 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|
| Sales | 151.47 | 123.98 | 179.79 | 186.36 | 154.69 |
| Operating Expenses ⓘ | 145.28 | 118.24 | 173.35 | 179.63 | 149.27 |
| Manufacturing Costs | 10.46 | 8.02 | 12.60 | 11.71 | 9.49 |
| Material Costs | 127.83 | 103.59 | 152.30 | 158.83 | 131.25 |
| Employee Cost | 5.42 | 4.91 | 5.52 | 5.64 | 5.50 |
| Other Costs ⓘ | 1.57 | 1.71 | 2.93 | 3.44 | 3.02 |
| Operating Profit ⓘ | 6.19 | 5.74 | 6.44 | 6.74 | 5.42 |
| Operating Profit Margin (%) | 4.1% | 4.6% | 3.6% | 3.6% | 3.5% |
| Other Income ⓘ | 0.64 | 0.38 | 0.52 | 0.58 | 0.69 |
| Interest ⓘ | 4.03 | 3.33 | 3.26 | 3.64 | 2.83 |
| Depreciation ⓘ | 1.48 | 1.47 | 1.48 | 1.53 | 1.57 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 1.67 | 0 |
| Profit Before Tax ⓘ | 1.32 | 1.32 | 2.22 | 3.83 | 1.72 |
| Tax ⓘ | 0.24 | 0.37 | 0.64 | 0.64 | 0.38 |
| Profit After Tax | 1.08 | 0.96 | 1.58 | 3.19 | 1.34 |
| PAT Margin (%) | 0.7% | 0.8% | 0.9% | 1.7% | 0.9% |
| Adjusted EPS (₹) | 5.1 | 4.6 | 7.5 | 11.2 | 4.7 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 17.74 | 18.69 | 19.68 | 27.40 | 28.73 | |||||
| Share Capital ⓘ | 1.40 | 1.40 | 1.40 | 2.85 | 2.85 | |||||
| Reserves ⓘ | 16.34 | 17.29 | 18.28 | 24.54 | 25.88 | |||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | |||||
| Debt | 38.60 | 37.96 | 45.74 | 39.96 | 32.32 | |||||
| Long Term Debt | 13.66 | 13.82 | 16.08 | 12.53 | 13.43 | |||||
| Short Term Debt | 24.94 | 24.13 | 29.65 | 27.43 | 18.89 | |||||
| Trade Payables | 2.51 | 0.09 | 3.81 | 0.57 | 0.08 | |||||
| Others Liabilities ⓘ | 7.22 | 8.62 | 9.12 | 8.27 | 8.36 | |||||
| Total Liabilities ⓘ | 66.07 | 65.37 | 78.35 | 76.21 | 69.49 | |||||
Fixed Assets | ||||||||||
| Gross Block | 34.13 | 34.56 | 36.75 | 37.73 | 41.23 | |||||
| Accumulated Depreciation | 13.75 | 15.10 | 16.43 | 17.54 | 19.11 | |||||
| Net Fixed Assetsⓘ | 20.38 | 19.46 | 20.32 | 20.19 | 22.12 | |||||
| CWIP ⓘ | 0.32 | 0 | 0 | 0 | 2.48 | |||||
| Investmentsⓘ | 0.68 | 0.68 | 0.68 | 0.40 | 0.40 | |||||
| Inventories | 15.14 | 13.03 | 19.22 | 16.99 | 14.67 | |||||
| Trade Receivables | 25.54 | 27.86 | 33.57 | 30.15 | 24.07 | |||||
| Cash Equivalents | 1.29 | 2.06 | 1.63 | 5.80 | 1.10 | |||||
| Others Assetsⓘ | 2.72 | 2.27 | 2.92 | 2.67 | 4.65 | |||||
| Total Assets ⓘ | 66.07 | 65.37 | 78.35 | 76.21 | 69.49 | |||||
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 6.18 | 3.94 | -1.77 | 8.96 | 14.93 |
| PBT ⓘ | 1.32 | 1.32 | 2.22 | 2.15 | 1.72 |
| Adjustment ⓘ | 4.96 | 4.43 | 4.22 | 4.73 | 3.95 |
| Changes in Working Capital ⓘ | 0.18 | -1.84 | -8.13 | 2.32 | 9.26 |
| Tax Paid ⓘ | -0.28 | -0.58 | -0.58 | -0.63 | -0.45 |
| Cash Flow From Investing Activity ⓘ | -1.03 | 0.02 | -2.20 | -0.29 | -8.83 |
| Capex | -1.02 | -0.21 | -2.33 | 0.59 | -5.99 |
| Net Investments | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0.23 | 0.13 | -0.88 | -2.84 |
| Cash Flow From Financing Activityⓘ | -5.36 | -3.19 | 3.54 | -4.51 | -10.81 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 4.52 | 0 |
| Net Proceeds from Borrowing ⓘ | -2.61 | 0.94 | 1.28 | -3.17 | 0.56 |
| Interest Paid ⓘ | -3.51 | -3.33 | -3.26 | -3.64 | -2.83 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0.76 | -0.81 | 5.52 | -2.22 | -8.54 |
| Net Cash Flow ⓘ | -0.21 | 0.77 | -0.43 | 4.17 | -4.71 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 6.08 | 5.26 | 8.23 | 13.55 | 4.76 | |||||
| ROCE (%) | 9.09 | 7.83 | 8.57 | 10.83 | 6.81 | |||||
| Asset Turnover Ratio | 2.29 | 1.89 | 2.5 | 2.41 | 2.12 | |||||
| PAT to CFO Conversion(x) | 5.72 | 4.1 | -1.12 | 2.81 | 11.14 | Working Capital Days | ||||
| Receivable Days | 62 | 79 | 62 | 62 | 64 | |||||
| Inventory Days | 36 | 41 | 33 | 35 | 37 | |||||
| Payable Days | 7 | 5 | 5 | 5 | 1 | |||||
Quality Foils (India) was originally formed as a Partnership Firm under the Partnership Act, 1932 (‘Partnership Firm’) in the name and style of ‘Quality Foils’ pursuant to Partnership deed dated October 03, 1989. Quality Foils was thereafter converted from Partnership Firm to a Private Company under the provisions of Companies Act, 1956 with the name and style of ‘Quality Foils (India) Private Limited’ and received a certificate of incorporation dated May 08, 1990 from the Registrar of Companies, NCT of Delhi & Haryana. Further, the word ‘Private’ has been deleted under section 43A(1A) of the Companies (Amendment) Act, 1974 and the name was changed to ‘Quality Foils (India) Limited’ under the seal of Registrar of Companies, NCT of Delhi & Haryana dated August 08, 1993.
Afterthought, the word “Private” has been added under the section 43A(2A) of the Companies (Amendment) Act, 2000 and the name was again changed to “Quality Foils (India) Private Limited” under the seal of Registrar of Companies, NCT of Delhi & Haryana dated June 29, 2001. Subsequently, the company was converted into Public Limited company pursuant to which the name of the company was changed to “Quality Foils (India) Limited” vide shareholder’s approval on November 12, 2022 and fresh certificate of incorporation dated November 25, 2022.
Quality Foils (India) Limited is manufacturers and exporters of Cold Rolled Stainless Steel Strips/ Coils and Stainless Steel Flexible Hoses/pipes. The company uses raw material of premium quality i.e. Hot Rolled Stainless Steel Coils/Strips mainly from Jindal Stainless Hissar Limited, Hissar. It is one of the growing manufacturers and exporters of Cold Rolled Stainless Steel Strips/ Coils and Stainless Steel Flexible hose pipes in India having over thirty years of experience in the manufacturing of stainless-steel products in two broad categories: i. Cold Rolled Stainless Steel Coils/Strips; ii. Stainless Steel Flexible Hose Pipes. Under its brand name ‘Quality’, it supplies its Products i.e. Cold Rolled Stainless Steel Coils/Strips in for manufacture of SS Tube/Pipe, Utensils, Cutlery, Kitchen Sinks, Stainless Steel Flexible Hoses and Automobile components and Flexible Hose pipes to major applications such as high temp & medium pressure for Hydraulic Oil, Hot Water, Steam & Gas applications, chemical resistant, exhaust systems of steel, power, petrochemical, sugar, automobile and many other heavy engineering sectors.
It sells its products both in the domestic as well as the international markets. In the domestic market, it sells its products to the manufacturer customers as well as to the traders and in the international market; it supplies its products to the manufacturers and traders and through certain marketing representatives.
Business area of the company
The company is manufacturers and exporters of Cold Rolled Stainless Steel Strips/ Coils and Stainless Steel Flexible Hoses/pipes.
Products of the company
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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