BSE: 532804 | NSE: TIIL | Steel & Iron Products | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Technocraft Industries (India) Ltd is a good quality company.
The key valuation ratios of Technocraft Industries (India) 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 Technocraft Industries (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'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 15.4% | 18.5% | 17.7% | 17.6% | 14.8% | 12% | 12.8% | 21.9% | 16.7% | 14.8% | - |
| Value Creation Index ⓘ | 0.1 | 0.3 | 0.3 | 0.3 | 0.1 | -0.1 | -0.1 | 0.6 | 0.2 | 0.1 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 789 | 766 | 864 | 1,010 | 1,151 | 1,181 | 995 | 1,667 | 1,825 | 1,643 | 1,829 |
| Sales YoY Gr. | - | -2.9% | 12.9% | 17% | 13.9% | 2.6% | -15.8% | 67.5% | 9.5% | -10% | - |
| Adj EPS ⓘ | 23.1 | 35 | 37.7 | 39.7 | 40.8 | 36.2 | 42.6 | 86.4 | 74.8 | 72.7 | 90.6 |
| YoY Gr. | - | 51.6% | 7.5% | 5.4% | 2.8% | -11.2% | 17.5% | 103% | -13.4% | -2.9% | - |
| BVPS (₹) ⓘ | 185.8 | 205.5 | 242.7 | 264.8 | 306.5 | 348.5 | 389.4 | 479.2 | 513.4 | 586.7 | 579.9 |
| Adj Net Profit ⓘ | 72.9 | 92.1 | 99.1 | 97.1 | 99.7 | 88.6 | 104 | 211 | 172 | 167 | 205 |
| Cash Flow from Ops. ⓘ | 46.9 | 137 | 28.7 | -6.9 | 23.7 | 186 | 230 | 99.2 | 75.4 | 285 | - |
| Debt/CF from Ops. ⓘ | 3.4 | 1.9 | 9.6 | -58.6 | 21.3 | 2.8 | 1.5 | 3.7 | 6.9 | 1.4 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 8.5% | 7.4% | 18.2% | -10% | ||||
| Adj EPS ⓘ | 13.6% | 12.3% | 19.5% | -2.9% | ||||
| BVPSⓘ | 13.6% | 13.9% | 14.6% | 14.3% | ||||
| Share Price | 29.6% | 50.7% | 42% | 16.8% | ||||
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 % ⓘ | 12.9 | 16.3 | 16.8 | 15.1 | 14.3 | 11.1 | 11.5 | 19.9 | 14.6 | 13.2 | 15.5 |
| Op. Profit Mgn % ⓘ | 16.3 | 17.7 | 16.1 | 14.8 | 14.6 | 13.9 | 17.5 | 18.5 | 14.9 | 14.8 | 14.6 |
| Net Profit Mgn % ⓘ | 9.2 | 12 | 11.5 | 9.6 | 8.7 | 7.5 | 10.5 | 12.7 | 9.4 | 10.2 | 11.2 |
| Debt to Equity ⓘ | 0.3 | 0.5 | 0.4 | 0.6 | 0.7 | 0.6 | 0.4 | 0.3 | 0.4 | 0.3 | 0 |
| Working Cap Days ⓘ | 281 | 298 | 286 | 308 | 315 | 322 | 382 | 255 | 266 | 293 | 100 |
| Cash Conv. Cycle ⓘ | 146 | 145 | 141 | 158 | 178 | 197 | 214 | 126 | 143 | 168 | 39 |
Sales growth is growing at healthy rate in last 3 years 18.18%
Net Profit is growing at healthy rate in last 3 years 19.54%
Sales growth is good in last 4 quarters at 11.77%
Return on Equity has declined versus last 3 years average to 15.50%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 90.6 | 115.9 |
| TTM Sales (₹ Cr.) | 1,829 | 2,354 |
| BVPS (₹.) ⓘ | 579.9 | 734.8 |
| Reserves (₹ Cr.) ⓘ | 1,292 | 1,643 |
| P/BV ⓘ | 4.48 | 3.54 |
| PE ⓘ | 28.71 | 22.43 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 1502.10 / 3939.00 |
| All Time Low / High (₹) | 17.55 / 3939.00 |
| Market Cap (₹ Cr.) | 5,895 |
| Equity (₹ Cr.) | 22.7 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 21.8 |
| 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 | 789 | 766 | 864 | 1,010 | 1,151 | 1,181 | 995 | 1,667 | 1,825 | 1,643 |
| Operating Expenses ⓘ | 667 | 630 | 729 | 861 | 983 | 1,017 | 821 | 1,358 | 1,553 | 1,400 |
| Manufacturing Costs | 130 | 146 | 182 | 198 | 218 | 275 | 219 | 299 | 323 | 325 |
| Material Costs | 431 | 387 | 432 | 531 | 620 | 577 | 438 | 796 | 944 | 841 |
| Employee Cost | 42 | 45 | 52 | 61 | 73 | 84 | 86 | 95 | 100 | 109 |
| Other Costs ⓘ | 65 | 52 | 63 | 70 | 73 | 81 | 78 | 169 | 185 | 126 |
| Operating Profit ⓘ | 122 | 135 | 135 | 150 | 168 | 164 | 174 | 308 | 272 | 243 |
| Operating Profit Margin (%) | 15.4% | 17.6% | 15.7% | 14.8% | 14.6% | 13.9% | 17.5% | 18.5% | 14.9% | 14.8% |
| Other Income ⓘ | 13 | 29 | 36 | 46 | 34 | 38 | 45 | 44 | 51 | 74 |
| Interest ⓘ | 5 | 6 | 15 | 17 | 29 | 32 | 24 | 17 | 23 | 30 |
| Depreciation ⓘ | 27 | 21 | 19 | 23 | 31 | 45 | 59 | 55 | 54 | 54 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 11 | 12 | 0 | -9 |
| Profit Before Tax ⓘ | 102 | 137 | 137 | 156 | 142 | 126 | 146 | 292 | 248 | 225 |
| Tax ⓘ | 32 | 45 | 40 | 47 | 39 | 27 | 34 | 70 | 61 | 55 |
| Profit After Tax | 70 | 92 | 97 | 109 | 102 | 100 | 112 | 222 | 186 | 169 |
| PAT Margin (%) | 8.9% | 12.1% | 11.3% | 10.8% | 8.9% | 8.4% | 11.3% | 13.3% | 10.2% | 10.3% |
| Adjusted EPS (₹) | 22.2 | 35.1 | 37.0 | 44.4 | 41.8 | 40.8 | 45.8 | 90.7 | 81.2 | 73.7 |
| Dividend Payout Ratio (%) | 23% | 9% | 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 | 588 | 540 | 638 | 648 | 750 | 853 | 953 | 1,172 | 1,179 | 1,347 |
| Share Capital ⓘ | 32 | 26 | 26 | 24 | 24 | 24 | 24 | 24 | 23 | 23 |
| Reserves ⓘ | 556 | 514 | 612 | 623 | 725 | 828 | 928 | 1,148 | 1,156 | 1,324 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 156 | 255 | 267 | 396 | 493 | 504 | 307 | 347 | 500 | 389 |
| Long Term Debt | 14 | 26 | 22 | 39 | 56 | 135 | 105 | 48 | 30 | 0 |
| Short Term Debt | 142 | 229 | 245 | 357 | 437 | 369 | 202 | 299 | 471 | 389 |
| Trade Payables | 43 | 32 | 45 | 64 | 31 | 58 | 98 | 148 | 152 | 134 |
| Others Liabilities ⓘ | 229 | 251 | 292 | 364 | 339 | 410 | 406 | 458 | 346 | 442 |
| Total Liabilities ⓘ | 1,016 | 1,078 | 1,242 | 1,472 | 1,613 | 1,825 | 1,764 | 2,126 | 2,178 | 2,312 |
Fixed Assets | ||||||||||
| Gross Block | 406 | 133 | 175 | 235 | 326 | 524 | 512 | 549 | 612 | 650 |
| Accumulated Depreciation | 304 | 18 | 37 | 59 | 89 | 134 | 173 | 222 | 275 | 302 |
| Net Fixed Assetsⓘ | 103 | 115 | 139 | 176 | 237 | 389 | 340 | 327 | 336 | 348 |
| CWIP ⓘ | 4 | 12 | 10 | 31 | 35 | 16 | 7 | 17 | 38 | 10 |
| Investmentsⓘ | 216 | 277 | 301 | 257 | 272 | 276 | 319 | 390 | 301 | 544 |
| Inventories | 172 | 155 | 187 | 249 | 296 | 291 | 246 | 317 | 364 | 362 |
| Trade Receivables | 207 | 178 | 244 | 321 | 366 | 429 | 388 | 494 | 607 | 500 |
| Cash Equivalents | 50 | 48 | 41 | 40 | 36 | 70 | 52 | 80 | 129 | 97 |
| Others Assetsⓘ | 265 | 293 | 320 | 398 | 373 | 353 | 413 | 502 | 402 | 452 |
| Total Assets ⓘ | 1,016 | 1,078 | 1,242 | 1,472 | 1,613 | 1,825 | 1,764 | 2,126 | 2,178 | 2,312 |
| 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 ⓘ | 47 | 137 | 29 | -7 | 24 | 186 | 230 | 99 | 75 | 285 |
| PBT ⓘ | 102 | 137 | 137 | 156 | 142 | 131 | 129 | 292 | 253 | 224 |
| Adjustment ⓘ | 26 | -2 | 6 | 9 | 34 | 49 | 38 | 27 | 33 | 24 |
| Changes in Working Capital ⓘ | -31 | 35 | -75 | -138 | -100 | 33 | 87 | -151 | -140 | 97 |
| Tax Paid ⓘ | -43 | -34 | -37 | -33 | -51 | -28 | -23 | -69 | -70 | -61 |
| Cash Flow From Investing Activity ⓘ | -61 | -37 | -36 | -20 | -94 | -155 | -14 | -112 | 45 | -192 |
| Capex | -32 | -45 | -40 | -78 | -95 | -169 | -12 | -43 | -75 | -18 |
| Net Investments | -50 | 0 | 1 | 62 | -8 | 7 | -8 | -49 | 109 | -6 |
| Others ⓘ | 22 | 9 | 3 | -4 | 9 | 6 | 5 | -20 | 12 | -168 |
| Cash Flow From Financing Activityⓘ | 26 | -71 | -1 | 17 | 77 | -18 | -210 | 15 | -51 | -157 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 11 | 12 | -4 | 17 | 17 | 80 | -30 | -58 | -18 | -30 |
| Interest Paid ⓘ | -3 | -4 | -12 | -14 | -26 | -29 | -22 | -13 | -20 | -27 |
| Dividend Paid ⓘ | -16 | -28 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 35 | -50 | 16 | 15 | 85 | -69 | -158 | 85 | -12 | -100 |
| Net Cash Flow ⓘ | 12 | 29 | -8 | -9 | 6 | 12 | 7 | 2 | 70 | -64 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 12.45 | 16.4 | 16.51 | 16.89 | 14.65 | 12.44 | 12.41 | 20.88 | 15.86 | 13.4 |
| ROCE (%) | 15.38 | 18.49 | 17.74 | 17.6 | 14.82 | 12 | 12.78 | 21.86 | 16.71 | 14.83 |
| Asset Turnover Ratio | 0.84 | 0.74 | 0.75 | 0.75 | 0.75 | 0.69 | 0.56 | 0.86 | 0.85 | 0.73 |
| PAT to CFO Conversion(x) | 0.67 | 1.49 | 0.3 | -0.06 | 0.24 | 1.86 | 2.05 | 0.45 | 0.4 | 1.69 | Working Capital Days |
| Receivable Days | 98 | 91 | 88 | 102 | 109 | 122 | 149 | 96 | 110 | 123 |
| Inventory Days | 68 | 77 | 72 | 79 | 86 | 90 | 98 | 62 | 68 | 80 |
| Payable Days | 34 | 36 | 33 | 37 | 28 | 28 | 65 | 56 | 58 | 62 |
Technocraft Industries was incorporated on October 22, 1991 as Technocraft Industries (India) as an unlimited company under part IX of the Companies Act, 1956. Subsequently the company was re-registered as a public limited company and received a certificate for re-registration on October 28th, 1992.
Technocraft Industries (India), the parent company of the Technocraft group, is one of the leading manufacturers of Drum Closure including Title Seal Flanges and Plugs, Tite Seal Gaskets, Tite Seal Leak Locks Plugs, Octagon base Drum Flanges & Auto Closure Systems.
Technocraft, a multi product and multi national group, that was established in 1972 by a group of technologists with the aim of manufacturing high precision and sophisticated products , mainly for discerning worldwide markets.
The Technocraft Group is promoted, managed and has grown under dynamic leadership and guidance of S K Saraf and S M Saraf, both graduates from Indian Institute of Technology.
Technocraft enjoys a significant position in five main business industries viz., Drum Closures, Pipes & Tubes, Engineering Services, Scaffolding systems & accessories and Cotton Yarn. Several products in computer software and information technology have been added recently.
The company is an ISO 9002 certified company having its head office in Mumbai (India) & overseas offices & warehouses in Manchester (UK), Lodz (Poland) & Budapest (Hungary); Chicago (USA) & New Orleans (USA).
Technocraft is now a government recognized Foreign Trading House due to its performance in foreign trade and managerial resources.
The Technocraft family consist of more than 3000 skilled workmen, technicians and technologists all working towards the common goal of giving the best quality product to it's customers, all over the world.
The manufacturing process is continuously updated with latest technology to yield higher productivity with improved quality product. Our manufacturing plants are located at five locations near Mumbai , India on a built up area of over 50,000 square meters.
The company launched a major export drive in 1977. It was recognised as an export house by government of India in 1979. The company won a number of awards for export excellence including te “Best Export Performance†by Prime Minister of India.
Technosoft Information technologies (India) Limited (subsidiary co) is registered with the Nasscom.
Different subsidiaries of the company
Indian Subsidiaries
Foreign Subsidiaries
Product range
Today Technocraft is the second largest producer of Drum Closures in the world with a production of over 25 Million sets of Drum Closures annually.
Achievements/ milestones
2000 - Awarded the National Award for Export Excellence by Ministry of Commerce and Industry, Award Presented by then Prime Minister of India “Shri. Atal Bihari Vajpayee†2001 - Awarded Export Excellence Award for all steel products by Engineering Export Promotion Council – Maharashtra 2004 - Awarded 3 Star Export House Certificate 2004 - Achieved the Export Targets set by Government of India in the yarn Division under the Target Plus Scheme.
Milestones
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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.
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