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Coromandel Engg. Co

₹66.9 0 | 0%

Market Cap ₹233 Cr.

Stock P/E -53.1

P/B 30.3

Current Price ₹66.9

Book Value ₹ 2.2

Face Value 10

52W High ₹70

Dividend Yield 0%

52W Low ₹ 41.5

Coromandel Engg. Co Research see more...

Overview Inc. Year: 1947Industry: Engineering - Construction

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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Coromandel Engg. Co Share Price

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Coromandel Engg. Co Quarterly Results

#(Fig in Cr.) Dec 2021 Jun 2022 Sep 2022 Dec 2022 Jun 2023 Sep 2023 Dec 2023 Jun 2024 Sep 2024 Dec 2024
Net Sales 34 36 36 28 23 28 22 8 10 7
Other Income 0 0 0 0 0 0 0 0 0 0
Total Income 34 36 36 28 23 28 22 8 10 7
Total Expenditure 34 36 36 28 23 28 21 10 10 5
Operating Profit 0 0 1 0 -1 -0 0 -2 -0 1
Interest 1 1 1 1 1 1 1 1 1 1
Depreciation 1 1 1 1 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax -1 -1 -1 -1 -2 -1 -1 -3 -1 1
Provision for Tax 0 0 0 0 0 1 0 -0 -1 -0
Profit After Tax -2 -1 -1 -2 -2 -2 -1 -3 0 1
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments -2 -1 -1 -2 -2 -2 -1 -3 0 1
Adjusted Earnings Per Share -0.5 -0.4 -0.3 -0.5 -0.5 -0.5 -0.3 -1 0 0.2

Coromandel Engg. Co Profit & Loss

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
Net Sales 199 230 122 31 33 46 58 109 133 127 97 47
Other Income 1 1 2 1 1 1 3 0 0 0 0 0
Total Income 200 231 124 32 33 46 61 109 133 127 97 47
Total Expenditure 196 206 110 32 37 48 59 110 133 126 96 46
Operating Profit 5 25 14 -0 -4 -2 2 -1 -0 1 1 -1
Interest 15 20 8 4 4 6 7 6 5 4 3 4
Depreciation 2 5 4 4 4 4 3 3 3 2 2 0
Exceptional Income / Expenses 0 0 0 0 0 0 2 3 2 2 0 0
Profit Before Tax -12 1 1 -8 -11 -12 -6 -7 -6 -4 -4 -4
Provision for Tax -4 -1 0 -0 2 0 -1 1 2 1 1 -1
Profit After Tax -9 1 0 -8 -13 -12 -5 -8 -8 -5 -4 -3
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments -9 1 0 -8 -13 -12 -5 -8 -8 -5 -4 -3
Adjusted Earnings Per Share -2.7 0.3 0.1 -2.3 -3.8 -3.6 -1.4 -2.4 -2.4 -1.4 -1.3 -1.1

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -24% -4% 16% -7%
Operating Profit CAGR 0% 0% 0% -15%
PAT CAGR 0% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 12% 32% 38% 2%
ROE Average 0% 0% -39% -40%
ROCE Average -2% -1% -1% -0%

Coromandel Engg. Co Balance Sheet

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Shareholder's Funds 43 44 44 36 24 12 28 20 12 8 3
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 33 0 0 0 36 28 17 12 9 10 6
Other Non-Current Liabilities -14 -15 -15 -14 -12 -11 -13 -14 -11 -11 -10
Total Current Liabilities 231 162 64 52 39 49 49 55 50 56 66
Total Liabilities 293 191 94 74 87 78 82 74 60 63 66
Fixed Assets 35 29 25 21 17 13 10 7 5 3 2
Other Non-Current Assets 18 7 5 5 4 4 4 5 4 4 5
Total Current Assets 240 154 64 49 66 61 68 62 51 56 59
Total Assets 293 191 94 74 87 78 82 74 60 63 66

Coromandel Engg. Co Cash Flow

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Opening Cash & Cash Equivalents 0 1 0 0 0 0 0 0 0 0 0
Cash Flow from Operating Activities -25 60 19 -1 -20 4 -2 11 20 -7 11
Cash Flow from Investing Activities -7 0 0 0 0 1 2 3 2 1 0
Cash Flow from Financing Activities 33 -61 -20 1 20 -4 -1 -14 -21 6 -11
Net Cash Inflow / Outflow 0 -1 -0 0 -0 0 0 -0 -0 0 0
Closing Cash & Cash Equivalent 1 0 0 0 0 0 0 0 0 0 0

Coromandel Engg. Co Ratios

# Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Earnings Per Share (Rs) -2.67 0.34 0.12 -2.31 -3.77 -3.58 -1.42 -2.39 -2.4 -1.36 -1.32
CEPS(Rs) -2 1.81 1.43 -1.14 -2.67 -2.51 -0.41 -1.5 -1.57 -0.69 -0.84
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 10.94 11.16 11.28 8.79 5.02 1.44 0.02 -2.37 -4.8 -6.16 1.05
Core EBITDA Margin(%) 1.74 10.66 9.6 -3.25 -13.89 -5.25 -2.43 -1.04 -0.15 0.44 0.79
EBIT Margin(%) 1.16 8.93 7.5 -13.43 -22.44 -11.35 1.12 -0.81 -0.69 0.29 -0.62
Pre Tax Margin(%) -6.24 0.23 0.56 -25.06 -33.5 -25.25 -10.39 -6.79 -4.24 -3.05 -3.74
PAT Margin (%) -4.46 0.49 0.33 -24.5 -38.6 -26.04 -8.17 -7.31 -5.99 -3.56 -4.55
Cash Profit Margin (%) -3.34 2.61 3.9 -12.07 -27.28 -18.24 -2.37 -4.6 -3.93 -1.8 -2.88
ROA(%) -3.33 0.46 0.28 -9.14 -15.54 -14.4 -5.89 -10.19 -11.92 -7.35 -6.82
ROE(%) -62.06 3.06 1.08 -23.03 -54.67 -110.91 -194.19 0 0 0 0
ROCE(%) 1.89 15.92 9.94 -6.24 -10.33 -7.35 0.98 -1.48 -2.36 1.23 -2.28
Receivable days 92.06 80.31 108.59 261.05 165.92 71.31 77.23 61.21 57.7 59.3 70.75
Inventory Days 74.83 89.66 122.52 146.82 314.4 337 232.3 91.74 51.56 42.43 49.53
Payable days 172.79 105.74 124.09 672.51 306.98 158.25 154.15 92.64 117.56 137.82 235.34
PER(x) 0 123.45 466.36 0 0 0 0 0 0 0 0
Price/Book(x) 3.52 3.74 5.02 4.42 9.48 19.88 556.25 -11.42 -7.02 -4.7 52.58
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 1.15 0.93 1.79 5.27 6.68 3.4 1.84 1.37 1.16 1.18 2.06
EV/Core EBITDA(x) 50.26 8.37 16.17 -528.25 -60.09 -95.88 56.83 -150.98 -935.11 245.74 248.34
Net Sales Growth(%) -7.92 15.63 -46.96 -74.36 3.71 40.66 26.15 88.14 22.57 -4.88 -23.61
EBIT Growth(%) -49.46 786.76 -55.48 -145.93 -73.31 28.88 112.45 -235.62 -5.25 139.45 -264.71
PAT Growth(%) -63.25 112.66 -64.09 -2002.03 -63.38 5.13 60.43 -68.38 -0.45 43.41 2.47
EPS Growth(%) -5.7 112.65 -64.08 -2002.03 -63.38 5.13 60.43 -68.37 -0.45 43.41 2.47
Debt/Equity(x) 2.31 1.61 0.56 0.81 2.2 4.55 1.35 1.51 1.16 3.1 4.8
Current Ratio(x) 1.04 0.95 1.01 0.95 1.68 1.24 1.37 1.12 1.02 1 0.9
Quick Ratio(x) 0.85 0.53 0.8 0.71 0.57 0.41 0.71 0.73 0.71 0.76 0.71
Interest Cover(x) 0.16 1.03 1.08 -1.15 -2.03 -0.82 0.1 -0.13 -0.2 0.09 -0.2
Total Debt/Mcap(x) 0.78 0.51 0.13 0.23 0.33 0.56 0.98 0.34 0.13 0.25 0.09

Coromandel Engg. Co Shareholding Pattern

# Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
Promoter 74.52 74.52 74.52 74.52 74.52 74.57 74.57 74.57 74.55 73.33
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 25.43 25.43 25.43 25.45 26.67
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company has reduced debt.

Cons

  • Company has a low return on equity of 0% over the last 3 years.
  • Debtor days have increased from 137.82 to 235.34days.
  • Stock is trading at 30.3 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.

Coromandel Engg. Co News

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