Foseco India

₹3282 -79.3 | 2.4%

WEBSITE BSE:500150 NSE : FOSECO INDIA 10 May, 16:01

Market Cap ₹2096 Cr.

Stock P/E 28.1

P/B 6.9

Current Price ₹3282

Book Value ₹ 473.6

Face Value 10

52W High ₹4149.3

Dividend Yield 0.76%

52W Low ₹ 2452.4

Edit Ratio

Foseco India Research see more...

Overview Inc. Year: 1958Industry: Chemicals

Foseco India Ltd manufactures and sells components and consumables used within the metallurgical industry in India. The business enterprise offers industrial dry powders, coatings, resins, ceramic filters, and exothermic sleeves. It additionally exports its products. The enterprise become founded in 1932 and is based in Pune, India. Foseco India Ltd is a subsidiary of Foseco Overseas Ltd.

Foseco India Share Price

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Peer Comparison

Foseco India Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	87	99	100	103	106	111	121	123	122	123
Other Income	1	2	1	2	2	5	6	7	4	4
Total Income	88	101	101	104	108	116	127	130	127	126
Total Expenditure	76	83	85	88	88	95	103	107	103	103
Operating Profit	13	18	16	17	20	21	24	23	24	23
Interest	0	0	0	0	0	0	0	0	0	0
Depreciation	2	2	2	2	4	2	2	2	2	2
Exceptional Income / Expenses	0	0	0	0	0	0	11	0	0	0
Profit Before Tax	11	16	14	15	16	19	33	21	22	21
Provision for Tax	3	4	4	4	4	5	6	6	5	5
Profit After Tax	8	12	11	11	12	14	28	15	16	16
Adjustments	0	0	0	0	0	0	0	-0	0	-0
Profit After Adjustments	8	12	11	11	12	14	28	15	16	16
Adjusted Earnings Per Share	12.7	19.1	16.5	17.1	19.2	22.3	43.3	23.1	25.5	24.8

Foseco India Profit & Loss

#(Fig in Cr.)	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	TTM
Net Sales	247	227	263	292	340	358	362	323	251	338	407	489
Other Income	2	3	3	2	2	3	5	9	7	6	8	21
Total Income	248	229	267	294	342	360	367	332	258	344	415	510
Total Expenditure	211	197	224	241	285	306	312	278	231	294	344	416
Operating Profit	38	33	43	53	57	54	55	54	27	49	70	94
Interest	1	0	0	0	1	0	0	0	0	0	0	0
Depreciation	5	5	5	5	5	5	5	4	6	6	9	8
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0	11
Profit Before Tax	32	27	38	48	51	48	50	50	21	43	61	97
Provision for Tax	10	9	13	16	18	17	18	15	6	11	15	22
Profit After Tax	22	18	25	32	33	32	32	35	15	33	46	75
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	22	18	25	32	33	32	32	35	15	33	46	75
Adjusted Earnings Per Share	34.2	27.9	38.5	49.7	51.8	49.4	50.2	54.1	24.2	51.2	72	116.7

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	20%	8%	3%	5%
Operating Profit CAGR	43%	9%	5%	6%
PAT CAGR	39%	10%	8%	8%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	29%	32%	20%	20%
ROE Average	21%	15%	18%	22%
ROCE Average	27%	21%	25%	32%

Foseco India Balance Sheet

#(Fig in Cr.)	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022
Shareholder's Funds	89	89	98	109	124	146	156	171	183	209	239
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	8	6	4	2	1	0	0	0	0	0	0
Other Non-Current Liabilities	1	1	1	-0	-1	-1	-1	-1	-2	-2	-2
Total Current Liabilities	42	50	48	51	57	74	80	76	80	85	105
Total Liabilities	140	145	150	161	181	219	235	247	260	292	342
Fixed Assets	31	28	26	26	26	23	20	34	31	35	31
Other Non-Current Assets	12	12	7	11	8	5	11	6	11	2	4
Total Current Assets	97	106	117	124	148	191	204	206	219	254	306
Total Assets	140	145	150	161	181	219	235	247	260	292	342

Foseco India Cash Flow

#(Fig in Cr.)	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022
Opening Cash & Cash Equivalents	18	19	26	28	15	21	72	92	111	136	149
Cash Flow from Operating Activities	20	22	25	17	32	66	47	47	30	20	59
Cash Flow from Investing Activities	-7	-1	-1	-4	-6	2	-5	-9	-2	-0	-3
Cash Flow from Financing Activities	-12	-14	-22	-25	-20	-17	-22	-19	-3	-6	-16
Net Cash Inflow / Outflow	1	7	2	-12	6	51	21	19	25	13	40
Closing Cash & Cash Equivalent	19	26	28	16	21	72	92	111	136	149	189

Foseco India Ratios

#	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022
Earnings Per Share (Rs)	34.16	27.9	38.5	49.68	51.8	49.44	50.16	54.07	24.17	51.16	71.98
CEPS(Rs)	41.44	35.92	45.79	56.79	59.71	57.8	57.27	60.64	33.43	60.36	85.92
DPS(Rs)	14	24.5	21	26.5	23	25	25	25	15	25	40
Book NAV/Share(Rs)	140.13	139.31	153.25	170.56	194.67	228.07	244.43	267.8	285.57	326.05	372.85
Core EBITDA Margin(%)	13.08	11.89	13.49	15.58	14.43	13.59	13.74	13.82	8.17	12.96	15.33
EBIT Margin(%)	12	10.88	13.05	14.77	13.65	12.85	13.94	15.45	8.46	12.88	15.12
Pre Tax Margin(%)	11.77	10.72	12.94	14.68	13.49	12.72	13.83	15.39	8.4	12.82	15.08
PAT Margin (%)	7.96	7.04	8.43	9.72	8.69	8.34	8.85	10.71	6.15	9.67	11.3
Cash Profit Margin (%)	9.66	9.07	10.03	11.11	10.02	9.75	10.1	12.01	8.5	11.41	13.49
ROA(%)	16.03	12.48	16.62	20.36	19.32	15.79	14.11	14.32	6.09	11.83	14.51
ROE(%)	26.04	19.97	26.32	30.69	28.37	23.39	21.23	21.11	8.74	16.73	20.6
ROCE(%)	35.01	28.06	37.93	44.59	43.53	35.72	33.38	30.44	12.01	22.25	27.47
Receivable days	86.65	94.43	85.97	91.39	91.09	96.47	94.53	90.45	100.1	75.11	71.5
Inventory Days	12.19	15	15.67	16.41	16.81	17.29	18.99	22.85	23.19	18.94	19.11
Payable days	77.21	85.79	73.89	74.16	73.3	92.21	109.3	121.92	144.15	108.42	97.81
PER(x)	16.4	18.3	32.42	28.44	24.53	40.13	28.51	24.15	54.25	27.81	26.73
Price/Book(x)	4	3.67	8.14	8.28	6.53	8.7	5.85	4.88	4.59	4.36	5.16
Dividend Yield(%)	2.5	4.8	1.68	1.88	1.81	1.26	1.75	1.91	1.14	1.76	2.08
EV/Net Sales(x)	1.41	1.36	2.94	3.05	2.32	3.34	2.26	2.24	2.79	2.24	2.56
EV/Core EBITDA(x)	9.28	9.44	18.14	16.87	13.83	22.13	14.91	13.36	25.78	15.36	14.77
Net Sales Growth(%)	5.94	-8.04	16.07	10.92	16.21	5.33	1.28	-10.94	-22.13	34.59	20.33
EBIT Growth(%)	-12.74	-16.3	38.31	26.63	7.78	-6.32	3.71	-1.25	-57.35	104.8	41.26
PAT Growth(%)	-13.72	-18.31	37.99	29.03	4.26	-4.56	1.46	7.79	-55.3	111.64	40.7
EPS Growth(%)	-13.71	-18.31	37.99	29.03	4.26	-4.56	1.46	7.79	-55.3	111.64	40.7
Debt/Equity(x)	0.11	0.09	0.06	0.03	0.01	0	0	0	0	0	0
Current Ratio(x)	2.34	2.13	2.43	2.44	2.59	2.58	2.55	2.7	2.74	2.99	2.91
Quick Ratio(x)	2.12	1.9	2.15	2.13	2.25	2.35	2.29	2.44	2.58	2.72	2.72
Interest Cover(x)	53	71.55	115.98	165.13	82.54	97.9	126.43	236.09	125.78	204.97	364.98
Total Debt/Mcap(x)	0.03	0.02	0.01	0	0	0	0	0	0	0	0

Foseco India Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	74.98	74.98	74.98	74.98	74.98	74.98	74.98	74.98	74.98	74.98
FII	0	0	0.04	0.07	0.09	0.18	0.23	0.25	0.22	0.24
DII	0	0	0	0	0	0.02	0	0.05	0.11	0.1
Public	25.01	25.01	24.97	24.94	24.92	24.82	24.78	24.72	24.68	24.67
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	0.48	0.48	0.48	0.48	0.48	0.48	0.48	0.48	0.48	0.48
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	0.16	0.16	0.16	0.16	0.16	0.16	0.16	0.16	0.16	0.16
Others	0	0	0	0	0	0	0	0	0	0
Total	0.64	0.64	0.64	0.64	0.64	0.64	0.64	0.64	0.64	0.64

Pros

Debtor days have improved from 108.42 to 97.81days.
Company is almost debt free.

Cons

Stock is trading at 6.9 times its book value.
The company has delivered a poor profit growth of 7% over past five years.

* 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.