BSE: 526721 | NSE: | Amusement Parks/Recreation/Club | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Nicco Parks & Resorts Ltd is a good quality company.
The key valuation ratios of Nicco Parks & Resorts Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Nicco Parks & Resorts 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 % ⓘ | 28.6% | 27% | 26.9% | 24.7% | 26.5% | 21% | -11.6% | 13% | 56.2% | 43.1% | - |
| Value Creation Index ⓘ | 1.1 | 0.9 | 0.9 | 0.8 | 0.9 | 0.5 | -1.8 | -0.1 | 3.0 | 2.1 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 42.9 | 42.6 | 45 | 47 | 55.5 | 55.1 | 17.5 | 31.3 | 76.6 | 79.3 | 74 |
| Sales YoY Gr. | - | -0.7% | 5.6% | 4.5% | 18% | -0.6% | -68.2% | 78.9% | 144.5% | 3.5% | - |
| Adj EPS ⓘ | 1 | 1.1 | 1.2 | 1.4 | 1.7 | 1.5 | -0.9 | 0.8 | 4.8 | 4.5 | 3.7 |
| YoY Gr. | - | 11.2% | 6.4% | 16.4% | 28.2% | -13.9% | -162.4% | NA | 473.5% | -6.5% | - |
| BVPS (₹) ⓘ | 5 | 5.6 | 6.6 | 8.1 | 9.1 | 9.5 | 8.6 | 9.6 | 12.9 | 15.6 | 16.9 |
| Adj Net Profit ⓘ | 4.6 | 5.1 | 5.4 | 6.3 | 8.1 | 7 | -4.3 | 3.9 | 22.3 | 20.8 | 18 |
| Cash Flow from Ops. ⓘ | 7.8 | 6.9 | 6.4 | 8.4 | 10.3 | 7.3 | -3 | 6.4 | 26.6 | 20.1 | - |
| Debt/CF from Ops. ⓘ | 0.5 | 0.6 | 0.5 | 0.3 | 0.2 | 0.3 | -0.1 | 0 | 0 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 7.1% | 7.4% | 65.4% | 3.5% | ||||
| Adj EPS ⓘ | 18.3% | 20.8% | NA | -6.5% | ||||
| BVPSⓘ | 13.6% | 11.4% | 21.9% | 20.8% | ||||
| Share Price | 22.5% | 35.5% | 29.9% | -13% | ||||
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 % ⓘ | 21.1 | 20.6 | 19 | 18.3 | 20.1 | 16 | -10.2 | 9.1 | 42.3 | 31.2 | 23 |
| Op. Profit Mgn % ⓘ | 16.9 | 17.8 | 18.7 | 20.3 | 20.4 | 19.2 | -22.9 | 18.6 | 38.6 | 34.3 | 29.2 |
| Net Profit Mgn % ⓘ | 10.8 | 12 | 12 | 13.4 | 14.6 | 12.6 | -24.8 | 12.4 | 29.1 | 26.3 | 23.5 |
| Debt to Equity ⓘ | 0.2 | 0.2 | 0.1 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 109 | 127 | 129 | 78 | 30 | 79 | 359 | 190 | 112 | 142 | 177 |
| Cash Conv. Cycle ⓘ | -20 | -29 | -32 | -25 | -26 | -20 | -10 | -25 | -31 | -33 | 118 |
Sales growth is growing at healthy rate in last 3 years 65.44%
Return on Equity has declined versus last 3 years average to 23.00%
Net Profit has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at -7.69%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 3.7 | 5 |
| TTM Sales (₹ Cr.) | 74.4 | 74.4 |
| BVPS (₹.) ⓘ | 16.9 | 22.1 |
| Reserves (₹ Cr.) ⓘ | 79 | 99 |
| P/BV ⓘ | 7.97 | 6.09 |
| PE ⓘ | 36.06 | 27.01 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 117.95 / 167.80 |
| All Time Low / High (₹) | 0.36 / 176.00 |
| Market Cap (₹ Cr.) | 631 |
| Equity (₹ Cr.) | 4.7 |
| Face Value (₹) | 1 |
| Industry PE ⓘ | 43.2 |
| 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 | 43 | 43 | 45 | 47 | 55 | 55 | 18 | 31 | 77 | 79 |
| Operating Expenses ⓘ | 36 | 35 | 37 | 37 | 44 | 45 | 22 | 26 | 47 | 52 |
| Manufacturing Costs | 11 | 10 | 9 | 11 | 14 | 11 | 5 | 6 | 14 | 15 |
| Material Costs | 3 | 3 | 4 | 4 | 6 | 6 | 1 | 2 | 7 | 6 |
| Employee Cost | 11 | 11 | 12 | 13 | 16 | 18 | 11 | 13 | 18 | 22 |
| Other Costs ⓘ | 10 | 10 | 12 | 9 | 9 | 10 | 5 | 4 | 8 | 9 |
| Operating Profit ⓘ | 7 | 8 | 8 | 10 | 11 | 10 | -4 | 6 | 29 | 27 |
| Operating Profit Margin (%) | 16.9% | 17.8% | 18.7% | 20.2% | 20.3% | 19.0% | -23.1% | 18.6% | 38.5% | 34.3% |
| Other Income ⓘ | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 4 |
| Interest ⓘ | 0 | 0 | 1 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Depreciation ⓘ | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 3 | 2 | 3 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 7 | 7 | 8 | 9 | 11 | 9 | -6 | 5 | 29 | 29 |
| Tax ⓘ | 2 | 2 | 3 | 3 | 3 | 2 | -1 | 1 | 7 | 8 |
| Profit After Tax | 5 | 5 | 5 | 6 | 8 | 7 | -4 | 4 | 22 | 21 |
| PAT Margin (%) | 10.7% | 11.5% | 12.1% | 13.5% | 14.7% | 12.5% | -25.0% | 13.2% | 29.0% | 26.3% |
| Adjusted EPS (₹) | 1.0 | 1.1 | 1.2 | 1.4 | 1.7 | 1.5 | -0.9 | 0.9 | 4.7 | 4.5 |
| Dividend Payout Ratio (%) | 31% | 29% | 26% | 11% | 46% | 41% | 0% | 0% | 35% | 34% |
| 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 | 23 | 26 | 31 | 38 | 43 | 45 | 40 | 45 | 60 | 73 |
| Share Capital ⓘ | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves ⓘ | 18 | 22 | 26 | 33 | 38 | 40 | 36 | 40 | 56 | 68 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 3 | 3 | 3 | 1 | 0 | 1 | 0 | 0 | 0 | 0 |
| Long Term Debt | 3 | 3 | 3 | 1 | 0 | 1 | 0 | 0 | 0 | 0 |
| Short Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Payables | 4 | 4 | 4 | 4 | 6 | 3 | 3 | 3 | 7 | 5 |
| Others Liabilities ⓘ | 20 | 23 | 21 | 11 | 12 | 32 | 25 | 27 | 26 | 40 |
| Total Liabilities ⓘ | 50 | 57 | 59 | 55 | 60 | 80 | 69 | 75 | 93 | 118 |
Fixed Assets | ||||||||||
| Gross Block | 34 | 39 | 46 | 26 | 30 | 37 | 37 | 37 | 38 | 40 |
| Accumulated Depreciation | 20 | 21 | 23 | 4 | 6 | 8 | 10 | 13 | 14 | 15 |
| Net Fixed Assetsⓘ | 14 | 18 | 23 | 23 | 24 | 29 | 27 | 24 | 24 | 24 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 |
| Investmentsⓘ | 5 | 5 | 5 | 16 | 18 | 20 | 14 | 17 | 20 | 19 |
| Inventories | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Trade Receivables | 2 | 2 | 1 | 2 | 2 | 2 | 1 | 1 | 1 | 2 |
| Cash Equivalents | 17 | 18 | 14 | 12 | 14 | 12 | 13 | 16 | 19 | 40 |
| Others Assetsⓘ | 11 | 13 | 14 | 1 | 2 | 17 | 14 | 16 | 27 | 29 |
| Total Assets ⓘ | 50 | 57 | 59 | 55 | 60 | 80 | 69 | 75 | 93 | 118 |
| 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 ⓘ | 8 | 7 | 6 | 8 | 10 | 7 | -3 | 6 | 27 | 20 |
| PBT ⓘ | 7 | 7 | 8 | 9 | 11 | 9 | -6 | 5 | 29 | 29 |
| Adjustment ⓘ | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | -1 |
| Changes in Working Capital ⓘ | 3 | 1 | -0 | 0 | 1 | -1 | 1 | 0 | 3 | -0 |
| Tax Paid ⓘ | -2 | -3 | -3 | -2 | -3 | -2 | 0 | 0 | -6 | -7 |
| Cash Flow From Investing Activity ⓘ | -7 | -4 | -3 | -6 | -5 | -3 | 6 | -5 | -19 | -16 |
| Capex | -2 | -5 | -7 | -2 | -3 | -5 | 0 | 0 | -5 | -4 |
| Net Investments | 0 | 0 | -1 | -5 | -3 | 1 | 5 | -5 | -15 | -14 |
| Others ⓘ | -5 | 1 | 5 | 1 | 1 | 1 | 0 | 0 | 1 | 2 |
| Cash Flow From Financing Activityⓘ | -1 | -3 | -3 | -3 | -5 | -5 | -2 | 0 | -6 | -7 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 1 | 0 | -1 | -1 | -1 | 0 | -2 | 0 | 0 | 0 |
| Interest Paid ⓘ | 0 | 0 | -1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | -1 | -2 | -1 | -1 | -3 | -4 | 0 | 0 | -5 | -7 |
| Others ⓘ | 0 | 0 | 0 | 0 | -1 | -1 | 0 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | -3 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 21.09 | 19.88 | 19.05 | 18.33 | 20.21 | 15.85 | -10.31 | 9.67 | 42.1 | 31.27 |
| ROCE (%) | 28.63 | 27.01 | 26.87 | 24.73 | 26.45 | 21.04 | -11.55 | 13.01 | 56.21 | 43.08 |
| Asset Turnover Ratio | 0.94 | 0.8 | 0.78 | 0.83 | 0.96 | 0.78 | 0.24 | 0.44 | 0.91 | 0.75 |
| PAT to CFO Conversion(x) | 1.6 | 1.4 | 1.2 | 1.33 | 1.25 | 1 | N/A | 1.5 | 1.23 | 0.95 | Working Capital Days |
| Receivable Days | 11 | 16 | 14 | 12 | 12 | 12 | 23 | 9 | 6 | 8 |
| Inventory Days | 7 | 7 | 6 | 8 | 7 | 7 | 21 | 10 | 4 | 5 |
| Payable Days | 374 | 458 | 359 | 344 | 313 | 278 | 1,031 | 479 | 262 | 340 |
Nicco Parks and Resorts (NPRL) was incorporated on March 17, 1989.The Company was set up as a joint sector company with Nicco Corporation (a well-diversified business conglomerate of Rs. 5000 million) and the Government of West Bengal represented by West Bengal Industrial Development Corporation (WBIDC) and West Bengal Tourism Development Corporation Limited (WBTDC). Securities of the company are listed with the stock exchanges and the company has been paying dividend during last ten consecutive years.
NPRL was incorporated with the prime objective of providing educative entertainment and wholesome recreation for the entire family simultaneously promoting tourism. NPRL presents a complete leisure package in an eco-friendly atmosphere with thrilling rides, eateries, exclusive landscaping, and indoor sports. This amusement park offers all kinds of entertainment under one roof and handles its offerings with professional élan.
The 40 acre park in Kolkata, set up with technical advice from Blackpool Leisure and Amusement Consultancy Ltd., UK, was inaugurated on October 13, 1991.
At present the park has 25 major attractions along with an international standard indoor sports complex with bowling, pool and air hockey and an up – market restaurant cum bar. The multi - cuisine food court in the park houses the leading restaurants of Kolkata.
Crossing international frontiers, NPRL today is proactively involved in providing technical consultancy, manufacturing and supplying of rides for large amusement parks, both in India and abroad. NPRL has set up amusement parks within India in Jamshedpur and Bhubaneshwar and in neighboring countries like Bangladesh and Sri Lanka and other international locations like the UAE and UK and have gained immense popularity.
The Company is recognized as a pioneer in offering family entertainment. It extends overall technical consultancy for setting up amusement parks and supplies ride components under technical collaboration from Blackpool Leisure & Amusement consultancy limited, UK. Currently it is working with an UAE based amusement park to upgrade their existing facilities / rides and provide consultancy services for future expansions and cost reduction exercises. Other than supply of rides components to UK, Germany and Japan various new projects are presently under implementation in Bangladesh & UK.
Business area of the company:
At Nicco Park, it offers a wide range of rides and facilities, which the company manufacture in addition to setting up the operation of Amusement or Water Parks on turnkey basis.
The company is associated with TUV, India (affiliated to TUEV, Germany) who commission an annual inspection of all its major rides along with manufacturing inspections for the new rides based on approved quality assurance plans.
The company can offer overall consultancy to set-up and run Theme Parks successfully
Achievements/ recognition:
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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.
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.
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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