BSE: 517530 | NSE: SURANAT&P | Power Generation/Distribution | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Surana Telecom And Power Ltd is a average quality company.
The key valuation ratios of Surana Telecom And Power 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 Semi Strong which suggest that the price of Surana Telecom And Power Ltd is likely to Rise-somewhat 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 % ⓘ | 7% | 5.8% | 6.1% | 5.7% | 7.6% | 9.8% | 5.6% | 6.6% | 7.8% | 7.5% | - |
| Value Creation Index ⓘ | -0.5 | -0.6 | -0.6 | -0.6 | -0.5 | -0.3 | -0.6 | -0.5 | -0.4 | -0.5 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 17.5 | 22.2 | 26.7 | 23.5 | 24.1 | 19.9 | 17.4 | 17.7 | 17.1 | 15.1 | 11 |
| Sales YoY Gr. | - | 27% | 19.9% | -11.7% | 2.2% | -17.2% | -12.6% | 1.7% | -3.3% | -11.8% | - |
| Adj EPS ⓘ | 0.2 | 0.2 | 0.1 | 0.1 | 0.3 | 0.2 | 0.3 | 0.4 | 0.3 | 0.3 | 0.7 |
| YoY Gr. | - | -5.9% | -25% | 8.3% | 161.5% | -29.4% | 4.2% | 44% | -11.1% | -9.4% | - |
| BVPS (₹) ⓘ | 5.6 | 5.7 | 6.1 | 6.5 | 6.9 | 7.2 | 7.7 | 8.1 | 8.8 | 9.6 | 10 |
| Adj Net Profit ⓘ | 1.8 | 1.6 | 1.6 | 1.8 | 4.6 | 3.3 | 3.4 | 4.9 | 4.4 | 4 | 10 |
| Cash Flow from Ops. ⓘ | 1.1 | 3.3 | 15.3 | 26.7 | 21.5 | 4.8 | 7 | 10.3 | 6.1 | 7.5 | - |
| Debt/CF from Ops. ⓘ | 21 | 7 | 2.5 | 1.2 | 1.2 | 7.2 | 4.6 | 1.8 | 2 | 0.9 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -1.6% | -8.9% | -4.6% | -11.8% | ||||
| Adj EPS ⓘ | 6.1% | -3.1% | 5.1% | -9.4% | ||||
| BVPSⓘ | 6.2% | 6.9% | 7.4% | 9.1% | ||||
| Share Price | 12.2% | 47.6% | 35.4% | 46.5% | ||||
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 % ⓘ | 2.9 | 2.7 | 2.2 | 2 | 5 | 3.4 | 3.3 | 4.5 | 3.8 | 3.2 | 7.6 |
| Op. Profit Mgn % ⓘ | 69.8 | 47.2 | 47.8 | 51 | 60.4 | 52.7 | 59.3 | 60.7 | 48.2 | 43.8 | 28.2 |
| Net Profit Mgn % ⓘ | 10.1 | 7.3 | 6.1 | 7.5 | 19.2 | 16.3 | 19.4 | 27.5 | 25.7 | 26.3 | 89.6 |
| Debt to Equity ⓘ | 0.4 | 0.4 | 0.5 | 0.4 | 0.3 | 0.4 | 0.3 | 0.2 | 0.1 | 0.1 | 0.1 |
| Working Cap Days ⓘ | 581 | 519 | 497 | 579 | 553 | 886 | 1,160 | 1,092 | 1,060 | 1,273 | 328 |
| Cash Conv. Cycle ⓘ | 219 | 271 | 212 | 130 | 52 | 25 | 24 | 63 | 76 | 67 | 306 |
Return on Equity has increased versus last 3 years average to 7.60%
Sales growth has been subdued in last 3 years -4.63%
Net Profit has been subdued in last 3 years 5.07%
Sales growth is not so good in last 4 quarters at -34.11%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 0.7 | 0.8 |
| TTM Sales (₹ Cr.) | 11.2 | 19.9 |
| BVPS (₹.) ⓘ | 10 | 10.2 |
| Reserves (₹ Cr.) ⓘ | 121 | 124 |
| P/BV ⓘ | 2.32 | 2.28 |
| PE ⓘ | 31.06 | 30.73 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 13.93 / 30.48 |
| All Time Low / High (₹) | 0.16 / 30.48 |
| Market Cap (₹ Cr.) | 314 |
| Equity (₹ Cr.) | 13.6 |
| Face Value (₹) | 1 |
| Industry PE ⓘ | 27.6 |
| 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 | 17 | 22 | 27 | 24 | 24 | 20 | 17 | 18 | 17 | 15 |
| Operating Expenses ⓘ | 6 | 12 | 14 | 12 | 10 | 9 | 7 | 7 | 12 | 9 |
| Manufacturing Costs | 20 | 8 | 3 | 1 | 1 | 6 | 4 | 2 | 4 | 3 |
| Material Costs | -15 | 0 | 8 | 6 | 3 | -1 | 0 | 0 | 0 | 0 |
| Employee Cost | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 3 |
| Other Costs ⓘ | 1 | 3 | 3 | 4 | 5 | 4 | 3 | 2 | 6 | 3 |
| Operating Profit ⓘ | 12 | 10 | 13 | 12 | 15 | 10 | 10 | 11 | 5 | 6 |
| Operating Profit Margin (%) | 68.0% | 45.3% | 47.8% | 51.0% | 60.4% | 52.7% | 59.3% | 60.7% | 29.1% | 37.9% |
| Other Income ⓘ | 2 | 1 | 1 | 2 | 2 | 9 | 2 | 3 | 10 | 9 |
| Interest ⓘ | 3 | 3 | 4 | 4 | 3 | 4 | 3 | 3 | 1 | 1 |
| Depreciation ⓘ | 8 | 6 | 7 | 7 | 7 | 8 | 5 | 5 | 5 | 4 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 2 | 2 | 2 | 3 | 6 | 9 | 4 | 6 | 9 | 9 |
| Tax ⓘ | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 2 |
| Profit After Tax | 2 | 1 | 2 | 2 | 5 | 7 | 3 | 5 | 7 | 7 |
| PAT Margin (%) | 11.4% | 5.9% | 6.6% | 9.8% | 19.7% | 36.3% | 20.0% | 27.5% | 43.1% | 49.2% |
| Adjusted EPS (₹) | 0.2 | 0.1 | 0.1 | 0.2 | 0.4 | 0.5 | 0.3 | 0.4 | 0.5 | 0.6 |
| Dividend Payout Ratio (%) | 63% | 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 | 60 | 61 | 85 | 90 | 95 | 99 | 106 | 112 | 121 | 132 |
| Share Capital ⓘ | 10 | 10 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 |
| Reserves ⓘ | 49 | 51 | 71 | 77 | 81 | 85 | 93 | 98 | 107 | 118 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 17 | 19 | 32 | 28 | 21 | 28 | 32 | 12 | 4 | 6 |
| Long Term Debt | 15 | 18 | 32 | 28 | 20 | 28 | 25 | 12 | 4 | 6 |
| Short Term Debt | 2 | 1 | 0 | 0 | 1 | 0 | 7 | 0 | 0 | 0 |
| Trade Payables | 7 | 2 | 1 | 0 | 0 | 2 | 0 | 0 | 0 | 0 |
| Others Liabilities ⓘ | 11 | 8 | 9 | 5 | 9 | 9 | 2 | 8 | 9 | 2 |
| Total Liabilities ⓘ | 95 | 90 | 126 | 124 | 125 | 137 | 141 | 132 | 135 | 140 |
Fixed Assets | ||||||||||
| Gross Block | 114 | 115 | 147 | 148 | 149 | 130 | 129 | 130 | 133 | 127 |
| Accumulated Depreciation | 64 | 71 | 83 | 89 | 96 | 80 | 84 | 89 | 94 | 93 |
| Net Fixed Assetsⓘ | 49 | 44 | 65 | 60 | 53 | 50 | 44 | 41 | 40 | 34 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 13 | 13 | 18 | 30 | 30 | 29 | 40 | 39 | 46 | 49 |
| Inventories | 19 | 19 | 10 | 3 | 0 | 1 | 1 | 1 | 1 | 1 |
| Trade Receivables | 3 | 4 | 5 | 2 | 2 | 2 | 2 | 3 | 3 | 1 |
| Cash Equivalents | 1 | 1 | 1 | 0 | 0 | 1 | 2 | 1 | 1 | 1 |
| Others Assetsⓘ | 10 | 8 | 27 | 29 | 39 | 53 | 51 | 48 | 44 | 56 |
| Total Assets ⓘ | 95 | 90 | 126 | 124 | 125 | 137 | 141 | 132 | 135 | 140 |
| 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 ⓘ | 1 | 3 | 15 | 27 | 21 | 5 | 7 | 10 | 6 | 7 |
| PBT ⓘ | 2 | 2 | 2 | 3 | 6 | 9 | 4 | 6 | 9 | 9 |
| Adjustment ⓘ | 10 | 10 | 11 | 13 | 11 | -1 | 6 | 5 | -1 | -2 |
| Changes in Working Capital ⓘ | -12 | -7 | 2 | 11 | 6 | -1 | -2 | 0 | -0 | 1 |
| Tax Paid ⓘ | 0 | 0 | 0 | -1 | -1 | -1 | -1 | -1 | -2 | -1 |
| Cash Flow From Investing Activity ⓘ | 8 | 1 | -26 | -17 | -12 | -9 | -1 | 5 | 2 | -2 |
| Capex | 0 | -1 | -1 | -2 | -1 | 1 | 0 | -1 | -3 | 1 |
| Net Investments | 0 | 0 | -5 | -12 | 0 | 1 | -6 | 1 | -1 | 5 |
| Others ⓘ | 8 | 2 | -21 | -3 | -11 | -10 | 5 | 4 | 7 | -8 |
| Cash Flow From Financing Activityⓘ | -8 | -5 | 11 | -10 | -10 | 4 | -5 | -16 | -8 | -6 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 9 | -2 | -16 | -6 | -5 |
| Interest Paid ⓘ | -3 | -3 | -4 | -4 | -3 | -4 | -3 | -3 | 0 | 0 |
| Dividend Paid ⓘ | -1 | -2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -4 | 0 | 15 | -6 | -6 | 0 | 0 | 3 | -1 | -1 |
| Net Cash Flow ⓘ | 1 | 0 | 0 | 0 | 0 | 0 | 1 | -1 | 1 | -1 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 3.45 | 2.23 | 2.48 | 2.7 | 5.24 | 7.6 | 3.44 | 4.52 | 6.41 | 5.95 |
| ROCE (%) | 7 | 5.77 | 6.08 | 5.71 | 7.63 | 9.78 | 5.64 | 6.63 | 7.78 | 7.45 |
| Asset Turnover Ratio | 0.18 | 0.24 | 0.25 | 0.19 | 0.2 | 0.15 | 0.13 | 0.13 | 0.13 | 0.11 |
| PAT to CFO Conversion(x) | 0.5 | 3 | 7.5 | 13.5 | 4.2 | 0.71 | 2.33 | 2 | 0.86 | 1 | Working Capital Days |
| Receivable Days | 63 | 59 | 64 | 56 | 33 | 44 | 46 | 46 | 55 | 47 |
| Inventory Days | 236 | 310 | 195 | 97 | 0 | 18 | 24 | 25 | 24 | 24 |
| Payable Days | -144 | 0 | 74 | 43 | 6 | -450 | -1,624 | 446 | -975 | 109 |
Surana Telecom & Power Ltd. was incorporated as a private company on August 14, 1989 as Surana Petro Products Pvt. Ltd and was engaged in the business of manufacturing of petro products such as petroleum jelly and telecom products such as jointing kits. In 1992 the company ventured into the telecommunication sector with the production of jelly filled telephone cables. Thereafter, the company was converted into a public limited company on July 9, 1993. By 1994, telecom business became the primary business activity of the company and in order to reflect the same the name of the company was changed to Surana Telecom Ltd. on 05.08.1994.
Keeping in pace with the changing technology the company decided to expand further in the telecommunication sector by venturing into the production of optical fiber cable. For part financing the cost of optical fiber cable project, the company had gone in for a public issue on 7th November, 1994 and commenced the commercial production in July, 1995.
The company in the year 2001 set up a manufacturing facility for optical fiber which is the main raw material for the manufacturing of optical fiber cables. In the year 2002, the company ventured into assembling and marketing of GSM phones, CDMA terminals with accessories and Line Patch Panel Antenna.
In the year 2007, the company diversified into the power sector with the manufacturing of low tension and high tension power cables and setting up a 1.25 MW wind power generation plant. In order to reflect the diversity, the name of the company was again changed to “Surana Telecom and Power Limited†on 11 th October, 2007.
In the year 2008, the company ventured into Solar Photovoltaics (SPV) sector by establishing a SPV Modules manufacturing plant (a 100% EOU) at Cherlapally, Hyderabad with an installed capacity of 12MW. The company has also made a strategic investment in solar energy sector by formation of a joint venture company M/s. Surana Ventures Limited jointly with M/s Bhagyanagar India Ltd. The company is currently listed on National Stock Exchange of India (NSE) and Bombay Stock Exchange of India (BSE).
Busines area of the company includes:
Achievements/ recognition:
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