BSE: 500142 | NSE: FGPIND | Business Support | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that FGP Ltd is a below average quality company.
The key valuation ratios of FGP 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 FGP 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 % ⓘ | -5.7% | -13.8% | -7.7% | -9.4% | 6.1% | -34.6% | 0.1% | 31.9% | -17.6% | 6.4% | - |
| Value Creation Index ⓘ | -1.4 | -2.0 | -1.6 | -1.7 | -0.6 | -3.5 | -1.0 | 1.3 | -2.3 | -0.5 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.3 | 0.2 | 0.1 | 0.2 | 0.2 | 0 |
| Sales YoY Gr. | - | 30% | 0% | 0% | 0% | 100% | -34.6% | -17.7% | 21.4% | 17.7% | - |
| Adj EPS ⓘ | -0.3 | -0.5 | -0.3 | -0.3 | 0.3 | -0.7 | 0 | 0 | -0.7 | 0.2 | 0.5 |
| YoY Gr. | - | NA | NA | NA | NA | -334.5% | NA | NA | -1775% | NA | - |
| BVPS (₹) ⓘ | 4 | 3.4 | 3.5 | 3.2 | 3.5 | 2.5 | 2.5 | 3.3 | 2.6 | 2.8 | 3.1 |
| Adj Net Profit ⓘ | -0.4 | -0.6 | -0.3 | -0.4 | 0.3 | -0.8 | 0 | 0.1 | -0.8 | 0.3 | 1 |
| Cash Flow from Ops. ⓘ | -0.5 | -0.7 | -0.9 | -0.7 | 0.1 | -0.7 | -0.6 | -0.7 | -0.1 | -1 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 8% | 9% | 5.6% | 17.7% | ||||
| Adj EPS ⓘ | NA | -3.7% | NA | NA | ||||
| BVPSⓘ | -3.6% | -4.3% | 4.3% | 8.4% | ||||
| Share Price | 10.3% | 55.2% | 62.5% | 48.9% | ||||
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 % ⓘ | -7.8 | -13.2 | -7.7 | -9.5 | 8.6 | -22.4 | 0.1 | 1.5 | -22.8 | 8.7 | 15.1 |
| Op. Profit Mgn % ⓘ | -574.6 | -570.7 | -785.9 | -531.9 | -5643.4 | -261.9 | -421.1 | -411.4 | -424.1 | -260.4 | -160.7 |
| Net Profit Mgn % ⓘ | -385.3 | -459.5 | -252.3 | -299.7 | 272.3 | -307.8 | 1.5 | 35.4 | -482.2 | 143.8 | 243.4 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 2,165 | 1,819 | 1,877 | 1,790 | 1,739 | 882 | 1,363 | 3,278 | 2,765 | 1,132 | 2,729 |
| Cash Conv. Cycle ⓘ | -11 | -49 | -65 | -129 | -64 | -96 | -104 | -168 | -93 | -124 | 2,609 |
Return on Equity has increased versus last 3 years average to 15.10%
Sales growth is good in last 4 quarters at 22.50%
Sales growth has been subdued in last 3 years 5.57%
Net Profit has been subdued in last 3 years 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 0.5 | 1.6 |
| TTM Sales (₹ Cr.) | 0.2 | 0.4 |
| BVPS (₹.) ⓘ | 3.1 | 0 |
| Reserves (₹ Cr.) ⓘ | -8 | -2 |
| P/BV ⓘ | 2.75 | 0.00 |
| PE ⓘ | 19.21 | 5.53 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 5.51 / 14.18 |
| All Time Low / High (₹) | 0.67 / 125.00 |
| Market Cap (₹ Cr.) | 10.2 |
| Equity (₹ Cr.) | 11.9 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 52 |
| 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 | 0.10 | 0.13 | 0.13 | 0.13 | 0.13 | 0.26 | 0.17 | 0.14 | 0.17 | 0.20 |
| Operating Expenses ⓘ | 0.66 | 0.94 | 1.12 | 0.80 | 7.24 | 1.58 | 0.89 | 0.72 | 0.87 | 0.74 |
| Manufacturing Costs | 0.17 | 0.20 | 0.20 | 0.12 | 0.37 | 0.13 | 0.15 | 0.11 | 0.08 | 0.08 |
| Material Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Employee Cost | 0.14 | 0.17 | 0.43 | 0.19 | 0.19 | 0.28 | 0.39 | 0.21 | 0.33 | 0.28 |
| Other Costs ⓘ | 0.35 | 0.58 | 0.49 | 0.49 | 6.69 | 1.16 | 0.35 | 0.40 | 0.46 | 0.38 |
| Operating Profit ⓘ | -0.56 | -0.82 | -0.99 | -0.67 | -7.11 | -1.31 | -0.72 | -0.58 | -0.70 | -0.54 |
| Operating Profit Margin (%) | -574.0% | -647.0% | -785.0% | -531.0% | -5,646.3% | -503.0% | -421.0% | -411.0% | -424.0% | -276.0% |
| Other Income ⓘ | 0.48 | 0.21 | 0.67 | 0.30 | 7.37 | 0.09 | 0.73 | 0.41 | 0.09 | 0.76 |
| Interest ⓘ | 0 | 0 | 0 | 0 | 0.01 | 0 | 0 | 0 | 0 | 0 |
| Depreciation ⓘ | 0.20 | 0 | 0 | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.28 | 0 | 0 |
| Profit Before Tax ⓘ | -0.28 | -0.61 | -0.32 | -0.37 | 0.24 | -1.24 | 0 | 1.10 | -0.62 | 0.21 |
| Tax ⓘ | 0.06 | 0 | 0 | 0 | -0.18 | 0 | 0 | 0.15 | 0.18 | -0.05 |
| Profit After Tax | -0.34 | -0.61 | -0.32 | -0.37 | 0.42 | -1.24 | 0 | 0.95 | -0.80 | 0.26 |
| PAT Margin (%) | -345.0% | -482.0% | -252.0% | -297.0% | 329.8% | -476.0% | 1.5% | 670.8% | -482.0% | 132.8% |
| Adjusted EPS (₹) | -0.3 | -0.5 | -0.3 | -0.3 | 0.4 | -1.0 | 0.0 | 0.8 | -0.7 | 0.2 |
| 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 | 4.70 | 4.10 | 4.17 | 3.79 | 4.21 | 2.97 | 2.97 | 3.91 | 3.12 | 3.37 |
| Share Capital ⓘ | 11.90 | 11.90 | 11.90 | 11.90 | 11.90 | 11.90 | 11.90 | 11.90 | 11.90 | 11.90 |
| Reserves ⓘ | -7.19 | -7.80 | -7.73 | -8.10 | -7.69 | -8.93 | -8.93 | -7.98 | -8.78 | -8.52 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Payables | 0.05 | 0.09 | 0.15 | 0.08 | 0.12 | 0.14 | 0.25 | 0.10 | 0.13 | 0.14 |
| Others Liabilities ⓘ | 0.05 | 0.05 | 0.07 | 0.05 | 0.07 | 0.05 | 0.04 | 0.20 | 0.19 | 0.15 |
| Total Liabilities ⓘ | 4.81 | 4.23 | 4.39 | 3.92 | 4.40 | 3.16 | 3.26 | 4.22 | 3.44 | 3.66 |
Fixed Assets | ||||||||||
| Gross Block | 1.13 | 1.13 | 1.13 | 1.16 | 1.21 | 1.02 | 1.03 | 1.02 | 1.04 | 1.04 |
| Accumulated Depreciation | 1.11 | 1.12 | 1.12 | 1.12 | 1.14 | 0.98 | 0.98 | 0.98 | 0.98 | 0.99 |
| Net Fixed Assetsⓘ | 0.02 | 0.02 | 0.02 | 0.04 | 0.07 | 0.05 | 0.05 | 0.04 | 0.06 | 0.06 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 3.50 | 3.46 | 3.58 | 2.97 | 2.72 | 2.08 | 2.46 | 2.15 | 2.14 | 1.82 |
| Inventories | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Receivables | 0.01 | 0 | 0 | 0 | 0 | 0.02 | 0.01 | 0 | 0 | 0 |
Cash Equivalents  ⓘ
| 0.67 | 0.12 | 0.13 | 0.34 | 0.99 | 0.38 | 0.11 | 0.13 | 0.62 | 1.19 |
| Others Assetsⓘ | 0.61 | 0.64 | 0.66 | 0.58 | 0.62 | 0.63 | 0.63 | 1.90 | 0.61 | 0.60 |
| Total Assets ⓘ | 4.81 | 4.23 | 4.39 | 3.92 | 4.40 | 3.16 | 3.26 | 4.22 | 3.44 | 3.66 |
| 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 ⓘ | -0.48 | -0.71 | -0.91 | -0.69 | 0.13 | -0.70 | -0.61 | -0.67 | -0.07 | -1.03 |
| PBT ⓘ | -0.28 | -0.61 | -0.32 | -0.37 | 0.24 | -1.24 | 0 | -0.18 | -0.62 | 0.21 |
| Adjustment ⓘ | -0.01 | -0.11 | -0.67 | -0.30 | -0.30 | 0.56 | -0.72 | -0.40 | -0.08 | -0.72 |
| Changes in Working Capital ⓘ | -0.16 | 0.02 | 0.09 | -0.12 | 0.09 | -0.01 | 0.09 | -0.08 | 0.8 | -0.5 |
| Tax Paid ⓘ | -0.03 | -0.01 | -0.01 | 0.10 | 0.11 | -0.01 | 0.02 | -0.01 | -0.16 | -0.02 |
| Cash Flow From Investing Activity ⓘ | 0.89 | 0.16 | 0.93 | 0.89 | 0.53 | 0.09 | 0.34 | 0.65 | 0.07 | 1.05 |
| Capex | 0 | 0 | 0 | -0.03 | -0.05 | 0 | -0.01 | 0 | -0.02 | -0.01 |
| Net Investments | 0.69 | 0 | 0.79 | 0.79 | 0.36 | 0 | 0.30 | 0.60 | 0 | 0.96 |
| Others ⓘ | 0.20 | 0.15 | 0.13 | 0.12 | 0.22 | 0.09 | 0.05 | 0.05 | 0.09 | 0.10 |
| Cash Flow From Financing Activityⓘ | 0 | 0 | 0 | 0 | -0.01 | 0 | 0 | 0 | 0 | 0 |
| 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 ⓘ | 0 | 0 | 0 | 0 | -0.01 | 0 | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | 0.42 | -0.55 | 0.02 | 0.20 | 0.66 | -0.61 | -0.27 | -0.02 | 0 | 0.02 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -6.95 | -13.82 | -7.69 | -9.41 | 10.39 | -34.62 | 0.09 | 27.48 | -22.77 | 8.01 |
| ROCE (%) | -5.73 | -13.82 | -7.69 | -9.41 | 6.09 | -34.62 | 0.09 | 31.9 | -17.58 | 6.44 |
| Asset Turnover Ratio | 0.02 | 0.03 | 0.03 | 0.03 | 0.03 | 0.07 | 0.05 | 0.04 | 0.04 | 0.06 |
| PAT to CFO Conversion(x) | N/A | N/A | N/A | N/A | 0.31 | N/A | N/A | -0.71 | N/A | -3.96 | Working Capital Days |
| Receivable Days | 30 | 15 | 0 | 0 | 0 | 23 | 24 | 0 | 0 | 0 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
FGP Ltd was incorporated in 1962. The company’s main line of business was manufacturing of glass fibre products including glass wool Insulation. The original Fine-grind Products was founded in 1970 by Fredrick George Philpott as a subcontract precision grinding company with a high reputation for small ground components working to very tight tolerances. In 1983, Fine-grind Products was purchased by Martin Short and Grant Leighton who continued to maintain the original high standards set by Philpott and his small workforce.
After discontinuing its main operation in 1997, it entered into business center activity catering to the requirement of business / office space with proper business environment and infrastructure.
The requirement for more business space heavily depends on the expansion and growth of the industry in general. Considering the positive trends in the economy, it was expected that requirement for office space by the corporate sector will be promising in future which will give boost to the company’s activity.
The company’s business centre is strategically located in Fort area of Mumbai. Compared to business and financial activities in this area, there is very little scope for corporates to expand their office area. This limitation on further expansion for the corporate world is an opportunity for the company to offer its business centre facility.
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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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