Market Cap ₹198 Cr.
Stock P/E -37.3
P/B -8
Current Price ₹59.5
Book Value ₹ -7.4
Face Value 10
52W High ₹63.4
Dividend Yield 0%
52W Low ₹ 33.8
Coromandel Engineering Company Limited (CECL) is a construction and property development company that was established in 1947 as part of the Murugappa Group. CECL’s promoters sold their entire 73.28% stake in the company to Accord Distillers & Brewers Private Limited, Teyro Labs Private Limited, Jam Hotels and Resorts Private Limited, and Sundeep Anand Jegath Rakshagan in 2023. CECL’s management team consists of Mr. M.M. Venkatachalam as the chairman, Mr. N.V. Ravi, Mr. P. Nagarajan, Ms. G. Jalaja, Mr. A. Sridhar, and Mr. S. Shamsuddin as the directors, and Mr. R. Selvakumar as the chief financial officer. CECL’s achievements include building some of the landmark structures in Chennai, such as the LIC Building, Hotel Chola Sheraton, and Karumuttu Centre, as well as venturing into the real estate development in 1988 and constructing many premium apartments in Chennai, Bangalore, and Coimbatore.
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| #(Fig in Cr.) | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Jun 2022 | Sep 2022 | Dec 2022 | Sep 2023 | Dec 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 35 | 41 | 27 | 31 | 34 | 36 | 36 | 28 | 28 | 22 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 35 | 41 | 27 | 31 | 34 | 36 | 36 | 28 | 28 | 22 |
| Total Expenditure | 36 | 40 | 27 | 32 | 34 | 36 | 36 | 28 | 28 | 21 |
| Operating Profit | -0 | 1 | -1 | -1 | 0 | 0 | 1 | 0 | -0 | 0 |
| Interest | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | -2 | 2 | -3 | -3 | -1 | -1 | -1 | -1 | -1 | -1 |
| Provision for Tax | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Profit After Tax | -3 | 3 | -3 | -3 | -2 | -1 | -1 | -2 | -2 | -1 |
| Adjustments | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 |
| Profit After Adjustments | -3 | 3 | -3 | -3 | -2 | -1 | -1 | -2 | -2 | -1 |
| Adjusted Earnings Per Share | -0.8 | 0.8 | -0.8 | -0.9 | -0.5 | -0.4 | -0.3 | -0.5 | -0.5 | -0.3 |
| #(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 | 216 | 199 | 230 | 122 | 31 | 33 | 46 | 58 | 109 | 133 | 127 | 114 |
| Other Income | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 3 | 0 | 0 | 0 | 0 |
| Total Income | 217 | 200 | 231 | 124 | 32 | 33 | 46 | 61 | 109 | 133 | 127 | 114 |
| Total Expenditure | 211 | 196 | 206 | 110 | 32 | 37 | 48 | 59 | 110 | 133 | 126 | 113 |
| Operating Profit | 7 | 5 | 25 | 14 | -0 | -4 | -2 | 2 | -1 | -0 | 1 | 1 |
| Interest | 11 | 15 | 20 | 8 | 4 | 4 | 6 | 7 | 6 | 5 | 4 | 4 |
| Depreciation | 2 | 2 | 5 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 2 | 2 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 3 | 2 | 2 | 0 |
| Profit Before Tax | -7 | -12 | 1 | 1 | -8 | -11 | -12 | -6 | -7 | -6 | -4 | -4 |
| Provision for Tax | -1 | -4 | -1 | 0 | -0 | 2 | 0 | -1 | 1 | 2 | 1 | 1 |
| Profit After Tax | -5 | -9 | 1 | 0 | -8 | -13 | -12 | -5 | -8 | -8 | -5 | -6 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | -5 | -9 | 1 | 0 | -8 | -13 | -12 | -5 | -8 | -8 | -5 | -6 |
| Adjusted Earnings Per Share | -2.5 | -2.7 | 0.3 | 0.1 | -2.3 | -3.8 | -3.6 | -1.4 | -2.4 | -2.4 | -1.4 | -1.6 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | -5% | 30% | 31% | -5% |
| Operating Profit CAGR | 0% | -21% | 0% | -18% |
| PAT CAGR | 0% | 0% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 57% | 29% | 19% | 2% |
| ROE Average | 0% | 0% | -61% | -40% |
| ROCE Average | 1% | -1% | -2% | 1% |
| #(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 | 17 | 43 | 44 | 44 | 36 | 24 | 12 | 28 | 20 | 12 | 8 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 42 | 33 | 0 | 0 | 0 | 36 | 28 | 17 | 12 | 9 | 10 |
| Other Non-Current Liabilities | -11 | -14 | -15 | -15 | -14 | -12 | -11 | -13 | -14 | -11 | -11 |
| Total Current Liabilities | 192 | 231 | 162 | 64 | 52 | 39 | 49 | 49 | 55 | 50 | 56 |
| Total Liabilities | 240 | 293 | 191 | 94 | 74 | 87 | 78 | 82 | 74 | 60 | 63 |
| Fixed Assets | 30 | 35 | 29 | 25 | 21 | 17 | 13 | 10 | 7 | 5 | 3 |
| Other Non-Current Assets | 15 | 18 | 7 | 5 | 5 | 4 | 4 | 4 | 5 | 4 | 4 |
| Total Current Assets | 195 | 240 | 154 | 64 | 49 | 66 | 61 | 68 | 62 | 51 | 56 |
| Total Assets | 240 | 293 | 191 | 94 | 74 | 87 | 78 | 82 | 74 | 60 | 63 |
| #(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 | 6 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow from Operating Activities | 4 | -25 | 60 | 19 | -1 | -20 | 4 | -2 | 11 | 20 | -7 |
| Cash Flow from Investing Activities | -8 | -7 | 0 | 0 | 0 | 0 | 1 | 2 | 3 | 2 | 1 |
| Cash Flow from Financing Activities | 5 | 33 | -61 | -20 | 1 | 20 | -4 | -1 | -14 | -21 | 6 |
| Net Cash Inflow / Outflow | 0 | 0 | -1 | -0 | 0 | -0 | 0 | 0 | -0 | -0 | 0 |
| Closing Cash & Cash Equivalent | 6 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| # | 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) | -2.53 | -2.67 | 0.34 | 0.12 | -2.31 | -3.77 | -3.58 | -1.42 | -2.39 | -2.4 | -1.36 |
| CEPS(Rs) | -1.53 | -2 | 1.81 | 1.43 | -1.14 | -2.67 | -2.51 | -0.41 | -1.5 | -1.57 | -0.69 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | -3.6 | 10.94 | 11.16 | 11.28 | 8.79 | 5.02 | 1.44 | 0.02 | -2.37 | -4.8 | -6.16 |
| Core EBITDA Margin(%) | 2.7 | 1.74 | 10.66 | 9.6 | -3.25 | -13.89 | -5.25 | -2.43 | -1.04 | -0.15 | 0.44 |
| EBIT Margin(%) | 2.12 | 1.16 | 8.93 | 7.5 | -13.43 | -22.44 | -11.35 | 1.12 | -0.81 | -0.69 | 0.29 |
| Pre Tax Margin(%) | -3.09 | -6.24 | 0.23 | 0.56 | -25.06 | -33.5 | -25.25 | -10.39 | -6.79 | -4.24 | -3.05 |
| PAT Margin (%) | -2.51 | -4.46 | 0.49 | 0.33 | -24.5 | -38.6 | -26.04 | -8.17 | -7.31 | -5.99 | -3.56 |
| Cash Profit Margin (%) | -1.52 | -3.34 | 2.61 | 3.9 | -12.07 | -27.28 | -18.24 | -2.37 | -4.6 | -3.93 | -1.8 |
| ROA(%) | -2.55 | -3.33 | 0.46 | 0.28 | -9.14 | -15.54 | -14.4 | -5.89 | -10.19 | -11.92 | -7.35 |
| ROE(%) | 0 | -62.06 | 3.06 | 1.08 | -23.03 | -54.67 | -110.91 | -194.19 | 0 | 0 | 0 |
| ROCE(%) | 4.77 | 1.89 | 15.92 | 9.94 | -6.24 | -10.33 | -7.35 | 0.98 | -1.48 | -2.36 | 1.23 |
| Receivable days | 79.73 | 92.06 | 80.31 | 108.59 | 261.05 | 165.92 | 71.31 | 77.23 | 61.21 | 57.7 | 59.3 |
| Inventory Days | 56.35 | 74.83 | 89.66 | 122.52 | 146.82 | 314.4 | 337 | 232.3 | 91.74 | 51.56 | 42.43 |
| Payable days | 113.29 | 172.79 | 105.74 | 124.09 | 672.51 | 306.98 | 158.25 | 154.15 | 92.64 | 117.56 | 137.82 |
| PER(x) | 0 | 0 | 123.45 | 466.36 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Price/Book(x) | -9.08 | 3.52 | 3.74 | 5.02 | 4.42 | 9.48 | 19.88 | 556.25 | -11.42 | -7.02 | -4.7 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 0.81 | 1.15 | 0.93 | 1.79 | 5.27 | 6.68 | 3.4 | 1.84 | 1.37 | 1.16 | 1.18 |
| EV/Core EBITDA(x) | 25.88 | 50.26 | 8.37 | 16.17 | -528.25 | -60.09 | -95.88 | 56.83 | -150.98 | -935.11 | 245.74 |
| Net Sales Growth(%) | 26.95 | -7.92 | 15.63 | -46.96 | -74.36 | 3.71 | 40.66 | 26.15 | 88.14 | 22.57 | -4.88 |
| EBIT Growth(%) | 121.87 | -49.46 | 786.76 | -55.48 | -145.93 | -73.31 | 28.88 | 112.45 | -235.62 | -5.25 | 139.45 |
| PAT Growth(%) | 74.64 | -63.25 | 112.66 | -64.09 | -2002.03 | -63.38 | 5.13 | 60.43 | -68.38 | -0.45 | 43.41 |
| EPS Growth(%) | 74.64 | -5.7 | 112.65 | -64.08 | -2002.03 | -63.38 | 5.13 | 60.43 | -68.37 | -0.45 | 43.41 |
| Debt/Equity(x) | 4.93 | 2.31 | 1.61 | 0.56 | 0.81 | 2.2 | 4.55 | 1.35 | 1.51 | 1.16 | 3.1 |
| Current Ratio(x) | 1.02 | 1.04 | 0.95 | 1.01 | 0.95 | 1.68 | 1.24 | 1.37 | 1.12 | 1.02 | 1 |
| Quick Ratio(x) | 0.82 | 0.85 | 0.53 | 0.8 | 0.71 | 0.57 | 0.41 | 0.71 | 0.73 | 0.71 | 0.76 |
| Interest Cover(x) | 0.41 | 0.16 | 1.03 | 1.08 | -1.15 | -2.03 | -0.82 | 0.1 | -0.13 | -0.2 | 0.09 |
| Total Debt/Mcap(x) | 1.21 | 0.78 | 0.51 | 0.13 | 0.23 | 0.33 | 0.56 | 0.98 | 0.34 | 0.13 | 0.25 |
| # | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 74.52 | 74.52 | 74.52 | 74.52 | 74.52 | 74.52 | 74.52 | 74.52 | 74.52 | 74.57 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 25.48 | 25.48 | 25.48 | 25.48 | 25.48 | 25.48 | 25.48 | 25.48 | 25.48 | 25.43 |
| 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 | 2.48 | 2.48 | 2.48 | 2.48 | 2.48 | 2.48 | 2.48 | 2.48 | 2.48 | 2.48 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.85 | 0.85 | 0.85 | 0.85 | 0.85 | 0.85 | 0.85 | 0.85 | 0.85 | 0.85 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3.32 | 3.32 | 3.32 | 3.32 | 3.32 | 3.32 | 3.32 | 3.32 | 3.32 | 3.32 |
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| Companies | Open Date | Close Date | Issue Price | Cost of 1 Lot | GMP | Expected Listing | Listing Gain(%) | Listing Price | Current Price | Type | Exchange |
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| Companies | Open Date | Close Date | Issue Price | Cost of 1 Lot | GMP | Expected Listing | Listing Gain(%) | Listing Price | Current Price | Type | Exchange |
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| Companies | Open Date | Close Date | Issue Price | Cost of 1 Lot | GMP | Expected Listing | Listing Gain(%) | Listing Price | Current Price | Type | Exchange |
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| Companies | Open Date | Close Date | Issue Price | Cost of 1 Lot | GMP | Expected Listing | Listing Gain(%) | Listing Price | Current Price | Type | Exchange |
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