Gujarat NRE Coke Ltd - Stock Valuation and Financial Performance

BSE: 512579 | NSE: GUJNRECOKE | Industrial Gases & Fuels | Small Cap

BSE Share Price
Not Listed

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Gujarat NRE Coke stock performance -

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P/E Ratio (SA):
0.00
Market Cap:
149.2 Cr.
52-wk low:
0.9
52-wk high:
0.9

Is an attractive stock to invest in?

1. Is a good quality company?

Data is not available for this company.

2. Is undervalued or overvalued?

The key valuation ratios of Gujarat NRE Coke Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

3. Is a good buy now?

No data found

10 Year X-Ray of Guj. NRE Coke:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.

Value Creation

Value Creation Index Colour Code Guide

Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17TTM
ROCE % 17.3%10.6%8.3%9.7%6.7%8.7%-13%-3.6%-22.9%-7.5%-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 8721,5231,4021,5951,3721,713932379731502574
Sales YoY Gr.-74.6%-7.9%13.8%-14%24.8%-45.6%-59.4%93%-31.4%-
Adj EPS 3.340.10.90.81-8.4-4-4.9-4.1-2.7
YoY Gr.-22.5%-97%675%-15.1%31.7%-907.7%NANANA-
BVPS (₹) 23.324.126.725.625.627.318.813.36.62.70.4
Adj Net
Profit
1531886.251.845.664.5-527-297-780-676-427
Cash Flow from Ops. 64.1-116-149-48.5120-149-483-65.554.5-114-
Debt/CF from Ops. 9.9-11.4-9.7-32.213.8-14.2-5.7-4652.8-27-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -6%-18.2%-18.6%-31.4%
Adj EPS -202.6%-238.9%NANA
BVPS-21.5%-36.4%-48%-59.7%
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17TTM
Return on
Equity %
1816.10.53.62.93.9-36.1-26.7-73.7-88.2-174.4
Op. Profit
Mgn %
27.824.113.81622.122-76.3-36.3-120.6-45.3-4.7
Net Profit
Mgn %
17.612.40.43.33.33.8-56.5-78.3-106.6-134.6-74.3
Debt to
Equity
0.61.21.11.11.11.32.33.12.7770.1
Working Cap
Days
2832854384315895629922,063875763287
Cash Conv.
Cycle
61981301502382195861,165379136-573

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to %

Sales growth has been subdued in last 3 years %

Sales growth is not so good in last 4 quarters at %

Latest Financials - Gujarat NRE Coke Ltd.

Standalone Consolidated
TTM EPS (₹) -2.7 -4.3
TTM Sales (₹ Cr.) 574 574
BVPS (₹.) 0.4 1.2
Reserves (₹ Cr.) -1,541 -1,405
P/BV 2.34 0.75
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 0.93 / 0.93
All Time Low / High (₹) 0.08 / 129.29
Market Cap (₹ Cr.) 149
Equity (₹ Cr.) 1,604.6
Face Value (₹) 10
Industry PE 15.7

Management X-Ray of Guj. NRE Coke:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *80.6153.0653.0652.6049.3749.3749.3849.3849.3849.38
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Guj. NRE Coke

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17
Sales872.151,522.601,401.861,594.711,372.181,713.04932.38378.94731.47502.17
Operating Expenses 629.671,155.771,208.531,339.901,069.271,336.371,644.88519.851,637.41729.48
Manufacturing Costs66.9541.3657.9382.2295.2093.0375.5581.7745.3357.05
Material Costs508.86959.721,040.691,128.74844.591,116.251,475.22353.211,505.36589.67
Employee Cost 6.1832.6835.8444.3054.5860.2744.0847.2533.5333.53
Other Costs 47.68122.0174.0784.6474.9066.8250.0337.6253.1949.23
Operating Profit 242.48366.83193.33254.81302.91376.67-712.50-140.91-905.94-227.31
Operating Profit Margin (%) 27.8%24.1%13.8%16.0%22.1%22.0%-76.4%-37.2%-123.0%-45.3%
Other Income 46.7413.9274.6081.1928.0938.90318.2692.8788.725.18
Interest 39.1488.49147.09161.12208.57263.02331.39317.91293.54393.89
Depreciation 23.3539.3546.4750.4456.7758.3361.3061.8764.9059.81
Exceptional Items 0-114.7200-60.13-47.95-47.47-32.71-33.190
Profit Before Tax 226.73138.1974.37124.445.5346.27-834.40-460.53-1,208.85-675.83
Tax 53.8530.9522.5021.792.4415.29-273.59-138.80-389.510
Profit After Tax 172.88107.2451.87102.653.0930.98-560.81-321.73-819.34-675.83
PAT Margin (%) 19.8%7.0%3.7%6.4%0.2%1.8%-60.1%-84.9%-112.0%-134.0%
Adjusted EPS (₹)3.72.31.01.80.10.5-8.9-4.3-5.1-4.1
Dividend Payout Ratio (%)49%44%96%54%935%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17

Equity and Liabilities

Shareholders Fund 1,107.451,143.381,340.241,432.821,480.401,699.991,183.27986.671,056.96439.23
Share Capital 337.02471.92498.19558.14577.37622.37627.37742.471,607.571,657.04
Reserves 770.43671.46842.05874.68903.031,077.62555.90244.20-550.61-1,217.81
Minority Interest0000000000
Debt632.651,328.531,445.531,338.401,448.971,766.342,713.382,865.962,682.802,669.73
Long Term Debt632.651,328.531,445.53739.33756.91952.811,963.912,129.141,728.781,551.15
Short Term Debt000599.07692.06813.53749.47736.82954.021,118.58
Trade Payables242.55675.83554.41433.74790.52749.99209.65352.52162.69168.77
Others Liabilities 328.26324.37355.65729.85800.97813.54200.5197.87-51.47348.41
Total Liabilities 2,310.913,472.113,695.833,934.814,520.865,029.864,306.814,303.023,850.983,626.14

Fixed Assets

Gross Block597.60933.011,002.481,146.191,184.581,217.541,277.381,289.241,506.341,506.26
Accumulated Depreciation66.90106.22152.52202.83259.46317.71378.58440.52532.68591.63
Net Fixed Assets530.70826.79849.96943.36925.12899.83898.80848.72973.66914.63
CWIP 89.18117.98143.15123.99171.05204.42183.26204.41211.78233.38
Investments 657.17806.83733.48748.29743.29818.39920.03882.461,429.801,431.05
Inventories227.67958.65831.941,052.941,589.291,731.46977.521,180.84333.76220.45
Trade Receivables245.95263.19441.73158.22209.99562.71476.62359.8193.7143.38
Cash Equivalents 217.31117.23143.3284.1668.8098.6833.186.669.7510.86
Others Assets342.93381.44552.25823.85813.32714.37817.40820.12798.52772.39
Total Assets 2,310.913,472.113,695.833,934.814,520.865,029.864,306.814,303.023,850.983,626.14

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17
Cash Flow From Operating Activity 64.14-116.27-148.84-48.52120.23-149.23-482.85-65.4954.49-114.08
PBT 226.73138.1874.37124.445.5146.27-834.40-460.53-1,208.85-675.83
Adjustment 13.7094.98103.71118.11238.38283.1375.07319.23283.94453.35
Changes in Working Capital -142.79-312.63-318.06-273.61-110.7-485.9283.0175.66981.92108.55
Tax Paid -33.50-36.80-8.86-17.46-12.967.27-6.530.15-2.52-0.15
Cash Flow From Investing Activity -252.91-500.6653.09-70.12-45.65-102.7855.29-26.58-9.89-21.26
Capex -221.78-364.26-94.85-139.96-78.13-66.57-32.92-34.55-16-21.90
Net Investments -17.42-150.3181.6856.074.39-75.09-101.644.864.710
Others -13.7113.9166.2613.7728.0938.88189.853.111.400.64
Cash Flow From Financing Activity 339.81516.84121.8559.48-89.94281.89362.0665.55-41.78136.45
Net Proceeds from Shares 82.830128.9443.420.1694.867.9146.98319.500
Net Proceeds from Borrowing 273.33680.87159.08116176.40456.18607.91285.32-128.16205.58
Interest Paid 0-65.68-124.72-139.99-208.76-262.16-332.34-290.09-239.08-68.77
Dividend Paid -50.10-98.35-55.51-64.10-57.74-9.63-0.07-0.24-0.46-0.36
Others 33.75014.06104.1502.6478.6523.586.420
Net Cash Flow 151.04-100.0926.10-59.16-15.3629.88-65.50-26.522.821.11
PARTICULARSMar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17
Ratios
ROE (%)21.149.584.27.440.211.95-39-29.74-80.3-90.34
ROCE (%)17.2710.68.349.676.748.73-12.97-3.58-22.88-7.53
Asset Turnover Ratio0.440.530.40.430.340.380.210.10.180.14
PAT to CFO Conversion(x)0.37-1.08-2.87-0.4738.91-4.82N/AN/AN/AN/A
Working Capital Days
Receivable Days86609067477719637311146
Inventory Days84140229211335333510962370187
Payable Days13917521616026525211929062103

Gujarat NRE Coke Ltd Stock News

Gujarat NRE Coke Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Guj. NRE Coke on 01-Jan-1970 05:30 is ₹0.00.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 01-Jan-1970 05:30 the market cap of Guj. NRE Coke stood at ₹149.2.
The latest P/E ratio of Guj. NRE Coke as of 01-Jan-1970 05:30 is 0.00.
The latest P/B ratio of Guj. NRE Coke as of 01-Jan-1970 05:30 is 2.34.
The 52-week high of Guj. NRE Coke is ₹0.93 and the 52-week low is ₹0.93.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Guj. NRE Coke is ₹574.1 ( Cr.) .

About Gujarat NRE Coke Ltd

Gujarat NRE Coke (GNCL), the flagship company of Gujarat NRE group, incorporated in 1986, is the largest producer of metallurgical coal, also known as met coke. Gujarat NRE is the only Indian company with coking coal mines in Australia having around 652 million tons of Coking Coal resource with excellent coking properties. The coal mines are owned through its subsidiary, Gujarat NRE Coking Coal Limited, listed on the ASX. The hard coking coal production is being increased from current level of 2 MTPA to 6 MTPA by 2015 making it one of the top 10 hard coking coal producers in the world.

The company has 27.5 MW wind power energy and has also set up mini a steel mill plant in Gujarat that recycles steel scrap using wind energy to manufacture TMT bars.

The company has made various investments in Australian exploration companies; namely 18.63% stake in Zelos Resources NL, an Australian mining company, 19.9% in Rey Resources a Sydney based company, 11% in Pike River Cola and 12% equity interest in Plouton Resources.

The company has forayed into the e-commerce segment through acquisition of SteelRX Corporation, an online trading in steel and other metal.

GNCL owns a subsidiary namely Gujarat NRE Minerals, erstwhile Gujarat NRE Australia Pty, which is a largest manufacturer of low ash metallurgical coke and Gujarat NRE Resources NL that is engaged in mineral exploration and production.

The company also owns NRE No. 1 Colliery, formerly known as South Bulli Colliery, which has reserves of over 300 million tonnes of coking coal located at Australia.

The group is also the largest petroleum exploration block owner amongst the Indian companies in Australia. Gujarat NRE Coke Ltd, through forward integration has also forayed into steel making and power generation through the renewable energy route. The company has 87.5 MW wind power energy and has also set up a mini steel mill in Gujarat to recycle steel scraps using green wind energy to manufacture TMT Bars. The company is currently setting up 60 MW power plants out of the waste heat emanating from the coke making process, while over next few years’ targets to increase metallurgical coke making capacity to 4 MTPA along with 240 MW of waste heat based power plants.

Manufacturing units

GNCL's manufacturing units are located at Khambalia, Bhachau in Gujarat and Dharwad, Karnataka.

Its Khambalia unit started production of LAM Coke in 1994-95 with 3 chimneys with 48 ovens and an installed capacity of 0.1 million tonnes per annum (MPTA). Today the plant has 11 chimneys with 260 ovens having an installed capacity of 3.58 lakhs MTPA.

The company’s Bhachau unit is a green-field project and started its commercial production in first quarter of 2004 with an installed capacity of 0.324 million TPA. Its current production is 0.682 million TPA.

The company has promoted Bharat NRE Coke, which owns the Dharwad unit in a joint venture with Kalyani Steels. The plant has 8 chimneys and an installed capacity of 0.324 million TPA.

Awards/ Achievements

  • Company's CMD, Mr Arun Kumar Jagatramka has been nominated for “The Australian of the Year Awards 2010”.
  • Company's CMD, Mr Arun Kumar Jagatramka has been ranked 8th among "India's Most Valuable CEO", (sectorwise ranking) list complied by Businessworld, November 2009.
  • Company's CMD, Mr Arun Kumar Jagatramka has been ranked 39th in "The Value Ranking" list published by Businessworld, November 2009. 
  • Company's CMD, Mr Arun Kumar Jagatramka has been ranked 44th in "India's Highest Paid CEO" list published by Businessworld, November 2009.
  •  GNCL has been ranked 289th from 407th Last Year in the “Top 500 Companies in India” list published by ET 500, November 2009.
  • GNCL has been ranked 45th in the "India's 500 Best Performing Mid-Size Companies" published by 9.9 Media, June 2009
  •  GNCL has been awarded ISO Certificate for QMS (Quality Management System) 9001:2000.
  • GNCL has been rated "AA-" by CARE for it's long term debt instrument.
  • GNCL has been rated "P1+" by CARE for it's short term debt instrument.
  • GNCL has been recognized with the "Trading house" status by Government of India.
  • GNCL has been identified as one of the “India’s Fastest Growing Small Companies” published by Business Today in 2005.
  • GNCL has been identified as one of the “Top 10 Wealth Creators” by The Economic Times in 2004.
  • Business Standard has awarded GNCL with the “All India Super Rank No. 1” for 2004-05 in its survey of 1000 listed companies of India for outstanding growth in Sales, Profits, Net Worth, Assets and Market Capitalization.
  • GNCL has bagged the “Outlook Money Awards 2004” for “Best Value Creator” among Mid-size Companies (Runner-up).
     
  • GNCL has been awarded the “Greentech Safety Silver Award” for the year 2002-03 in the Coke sector by Greentech Foundation, a non profit organization.
     
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