Centrum Electronics

₹1893.8 35.5 | 1.9%

WEBSITE BSE:517544 NSE : CENTUM ELEC 10 May, 16:01

Market Cap ₹2441 Cr.

Stock P/E 81.5

P/B 11.6

Current Price ₹1893.8

Book Value ₹ 163.9

Face Value 10

52W High ₹2097.2

Dividend Yield 0.21%

52W Low ₹ 761.4

Edit Ratio

Centrum Electronics Research see more...

Overview Inc. Year: 1993Industry: Electronics - Components

Centum Electronics Ltd is an electronics enterprise. The Company designs and exports electronic merchandise inside the analog, virtual, mixed signal, radio frequency and microelectronics domains. It operates via Electronic System Design and Manufacturing (ESDM) segment. It is involved in the manufacture of Advanced Microelectronics Modules, Frequency Control Products, Printed Circuit Board Assembly (PCBA) and Resistor Networks catering to the communications, navy, aerospace and commercial electronics markets. It additionally offers a variety of manufacturing and test solutions, which include box builds, system integration, PCBA and electromechanical assemblies. Its offerings consist of layout offerings, electronics production solutions and mechanical solutions. Its protection merchandise consist of Laser Receivers, Electronic Delay Units, Missile Interface Units, Onboard Computers and Microelectronics Products. Its area merchandise include Sun Sensors, Earth Sensors and Reaction Wheel Controllers.

Centrum Electronics Share Price

New

Volume

Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

Quarterly Monthly

Show Value Show %

Peer Comparison

Centrum Electronics Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	172	200	233	208	201	197	316	244	248	298
Other Income	3	3	3	3	1	1	1	5	1	1
Total Income	175	203	236	211	202	198	318	249	249	299
Total Expenditure	160	181	201	197	193	191	266	226	231	269
Operating Profit	15	21	35	14	9	8	52	23	18	30
Interest	6	6	7	6	7	7	8	8	9	8
Depreciation	11	12	9	11	11	11	11	11	11	12
Exceptional Income / Expenses	0	0	-16	0	0	0	0	0	0	0
Profit Before Tax	-2	4	2	-3	-8	-10	33	4	-2	11
Provision for Tax	-0	1	4	-0	-2	-1	8	3	2	3
Profit After Tax	-2	4	-2	-3	-7	-10	25	1	-5	7
Adjustments	0	0	-5	0	0	0	1	0	0	0
Profit After Adjustments	-2	4	-6	-3	-7	-10	26	1	-5	7
Adjusted Earnings Per Share	-1.6	2.7	-4.9	-2	-5.3	-7.5	20	1.1	-3.5	5.6

Centrum Electronics Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	283	425	488	404	692	778	930	883	817	780	923	1106
Other Income	1	1	7	8	30	13	7	15	6	8	6	8
Total Income	284	426	495	413	722	791	937	899	823	788	929	1115
Total Expenditure	247	341	387	354	636	738	827	785	728	706	847	992
Operating Profit	36	85	108	59	86	53	111	113	95	82	82	123
Interest	6	8	5	7	18	22	35	37	30	26	27	33
Depreciation	15	16	17	17	23	28	28	41	45	43	44	45
Exceptional Income / Expenses	0	0	0	0	1	0	0	-11	0	-60	0	0
Profit Before Tax	15	62	87	36	46	2	47	24	19	-52	12	46
Provision for Tax	5	18	27	10	9	1	-0	7	7	1	5	16
Profit After Tax	10	44	60	26	37	1	47	17	12	-53	7	28
Adjustments	-0	-10	-16	0	-3	-20	-19	3	5	23	3	1
Profit After Adjustments	9	35	43	26	34	-19	28	20	17	-31	10	29
Adjusted Earnings Per Share	7.5	27.9	34.5	20.7	26.9	-14.7	21.9	15.5	13.3	-23.7	7.6	23.2

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	18%	1%	3%	13%
Operating Profit CAGR	0%	-10%	9%	9%
PAT CAGR	0%	-26%	48%	-4%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	140%	69%	34%	25%
ROE Average	3%	-5%	3%	12%
ROCE Average	8%	4%	8%	15%

Centrum Electronics Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	100	131	168	191	210	190	219	205	223	204	211
Minority's Interest	24	27	36	30	22	26	25	25	17	-5	-8
Borrowings	1	0	0	0	58	95	86	70	109	82	58
Other Non-Current Liabilities	0	0	-2	-3	60	57	22	55	59	61	60
Total Current Liabilities	138	136	220	247	516	705	673	719	570	579	744
Total Liabilities	262	294	423	466	865	1073	1091	1074	978	920	1065
Fixed Assets	63	75	72	72	250	239	205	256	253	239	220
Other Non-Current Assets	15	16	18	44	84	59	88	116	106	93	105
Total Current Assets	184	203	332	350	531	746	672	701	619	587	740
Total Assets	262	294	423	466	865	1073	1091	1074	978	920	1065

Centrum Electronics Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	0	4	13	45	39	14	22	17	14	41	48
Cash Flow from Operating Activities	17	64	28	68	-53	-27	51	109	81	103	71
Cash Flow from Investing Activities	-6	-28	-18	-37	-114	-33	-22	-12	12	-15	-11
Cash Flow from Financing Activities	-7	-27	22	-25	97	66	-33	-102	-66	-81	-74
Net Cash Inflow / Outflow	3	9	32	5	-70	7	-4	-4	27	7	-14
Closing Cash & Cash Equivalent	4	13	45	51	14	22	17	14	41	48	35

Centrum Electronics Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	7.5	27.9	34.48	20.74	26.92	-14.74	21.91	15.47	13.31	-23.7	7.62
CEPS(Rs)	20.34	48.19	60.74	33.55	47.52	22.63	58.17	45.16	44.5	-7.97	39.21
DPS(Rs)	0	2.5	3	3	5	1	5	2.5	4	2.5	4
Book NAV/Share(Rs)	80.81	105.29	133.78	151.02	164.5	144.58	165.3	159.08	172.97	158.27	162.43
Core EBITDA Margin(%)	12.4	19.56	20.48	12.26	7.94	5.1	11.16	11.1	10.95	9.52	8.26
EBIT Margin(%)	7.3	16.09	18.57	10.28	9.15	3.04	8.79	6.91	5.99	-3.31	4.28
Pre Tax Margin(%)	5.21	14.3	17.53	8.67	6.54	0.24	5.03	2.74	2.38	-6.69	1.31
PAT Margin (%)	3.37	10.24	12.08	6.23	5.31	0.12	5.06	1.9	1.47	-6.86	0.73
Cash Profit Margin (%)	8.79	13.88	15.46	10.25	8.62	3.73	8.05	6.59	7.01	-1.32	5.47
ROA(%)	3.86	15.89	16.65	5.82	5.61	0.1	4.35	1.55	1.17	-5.63	0.67
ROE(%)	9.75	38.3	39.9	14.38	18.63	0.47	23.61	8.04	5.63	-25.05	3.24
ROCE(%)	12.9	40.16	41.58	16.06	16.92	4.44	14.15	11.04	9.15	-5.09	8.31
Receivable days	117.71	84.19	76.72	93.74	75.28	99.92	100.87	108.1	103.82	109.05	125.11
Inventory Days	75.75	59.95	84.24	135.91	88.55	105.99	99.37	97.67	96	98.05	96.08
Payable days	85.73	63.67	58.37	94.01	119.09	169.86	157.97	165.63	151.43	134.59	142.88
PER(x)	5.73	6.73	21.92	25.09	21.69	0	19.79	15.52	28.48	0	92.8
Price/Book(x)	0.53	1.78	5.65	3.45	3.55	3.51	2.62	1.51	2.19	2.82	4.35
Dividend Yield(%)	0	1.33	0.4	0.58	0.86	0.2	1.15	1.04	1.05	0.56	0.57
EV/Net Sales(x)	0.38	0.63	2.03	1.67	1.44	1.29	0.95	0.69	0.91	1.01	1.23
EV/Core EBITDA(x)	2.98	3.17	9.12	11.43	11.53	19.02	7.99	5.39	7.82	9.6	13.79
Net Sales Growth(%)	9.78	50.45	14.77	-17.11	70.98	12.45	19.63	-5.07	-7.45	-4.59	18.34
EBIT Growth(%)	6.97	232.05	32.14	-53.57	51.18	-63.17	244.83	-25.39	-19.75	-152.82	252.7
PAT Growth(%)	7	357.85	34.99	-56.69	44.61	-97.51	4963.76	-64.32	-28.35	-544.1	112.52
EPS Growth(%)	29.02	271.95	23.58	-39.85	29.81	-154.73	248.68	-29.41	-13.91	-278.03	132.14
Debt/Equity(x)	0.62	0.4	0.53	0.43	1.33	2.09	1.67	1.58	1.42	1.34	1.26
Current Ratio(x)	1.33	1.49	1.51	1.42	1.03	1.06	1	0.98	1.09	1.01	0.99
Quick Ratio(x)	0.86	0.93	0.82	0.78	0.67	0.68	0.65	0.65	0.75	0.63	0.64
Interest Cover(x)	3.48	9.01	17.9	6.38	3.5	1.09	2.34	1.66	1.66	-0.98	1.44
Total Debt/Mcap(x)	1.17	0.23	0.09	0.12	0.37	0.6	0.64	1.05	0.65	0.47	0.29

Centrum Electronics Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	58.8	58.8	58.8	58.8	58.8	58.8	58.8	58.8	58.79	58.79
FII	0.06	0	0	0.05	0.03	0.08	0.11	0.48	0.38	0.37
DII	5.83	6.04	6.06	6.82	6.17	6.34	7.66	7.93	7.25	7.69
Public	35.31	35.16	35.14	34.33	35	34.78	33.43	32.79	33.58	33.15
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.76	0.76	0.76	0.76	0.76	0.76	0.76	0.76	0.76	0.76
FII	0	0	0	0	0	0	0	0.01	0	0
DII	0.08	0.08	0.08	0.09	0.08	0.08	0.1	0.1	0.09	0.1
Public	0.45	0.45	0.45	0.44	0.45	0.45	0.43	0.42	0.43	0.43
Others	0	0	0	0	0	0	0	0	0	0
Total	1.29	1.29	1.29	1.29	1.29	1.29	1.29	1.29	1.29	1.29

Pros

Company has delivered good profit growth of 47% CAGR over last 5 years
Company has reduced debt.

Cons

Company has a low return on equity of -5% over the last 3 years.
Debtor days have increased from 134.59 to 142.88days.
Stock is trading at 11.6 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.