Surana Telecom

₹22 -0.4 | 1.6%

WEBSITE BSE:517530 NSE : SURANATP 24 Jan, 16:01

Market Cap ₹299 Cr.

Stock P/E 35

P/B 2.2

Current Price ₹22

Book Value ₹ 10.2

Face Value 1

52W High ₹30.5

Dividend Yield 0%

52W Low ₹ 13.9

Edit Ratio

Surana Telecom Research see more...

Overview Inc. Year: 1989Industry: Power Generation/Distribution

Surana Telecom And Power Limited is a leading manufacturer of telecom products such as optical fiber cables, GSM phones, CDMA terminals, and accessories. It was established in 1989 as Surana Petro Products Pvt. Ltd and later changed its name to reflect diversified business activities. They also manufacture power products such as low tension and high tension power cables, solar photovoltaic modules, and wind power generation. The company is listed on NSE and BSE, and has an authorized share capital of â‚¹15 Cr and a paid-up capital of â‚¹13.58 Cr. It has a team of qualified and experienced professionals, led by Mr. Narender Surana, who is the chairman and managing director of the company. Their clientele includes government organizations, private enterprises, and premier institutions.

Surana Telecom Share Price

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Peer Comparison

Surana Telecom Quarterly Results

#(Fig in Cr.)	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Net Sales	9	5	7	7	7	6	6	7	4	3
Other Income	8	1	0	1	0	1	1	7	3	4
Total Income	16	6	7	8	7	6	7	14	7	7
Total Expenditure	3	3	3	12	3	3	3	4	3	2
Operating Profit	13	3	4	-3	4	3	3	10	4	4
Interest	0	0	0	0	0	0	0	0	0	0
Depreciation	2	2	2	3	2	2	2	2	2	2
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	10	0	2	-6	2	1	1	7	2	2
Provision for Tax	2	0	0	-1	0	0	0	2	0	0
Profit After Tax	9	0	1	-6	2	1	1	5	2	2
Adjustments	-1	0	-0	-0	-0	0	0	-0	0	0
Profit After Adjustments	8	0	1	-6	1	1	1	5	2	2
Adjusted Earnings Per Share	0.6	0	0.1	-0.4	0.1	0.1	0.1	0.4	0.1	0.2

Surana Telecom 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	30	18	26	33	33	34	29	29	29	28	25	20
Other Income	2	2	1	1	2	1	8	2	4	9	9	15
Total Income	32	20	27	34	36	35	37	31	33	37	34	35
Total Expenditure	19	6	13	15	12	10	11	10	9	20	13	12
Operating Profit	13	14	14	19	23	25	26	21	24	18	21	21
Interest	4	4	5	6	7	5	5	5	4	2	1	0
Depreciation	8	8	8	11	14	13	13	12	11	10	9	8
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	1	2	2	3	2	7	8	4	9	6	11	12
Provision for Tax	-0	0	0	0	1	1	1	1	1	2	2	2
Profit After Tax	1	2	1	2	2	6	7	3	8	4	9	10
Adjustments	0	0	0	2	3	-2	0	0	-1	-0	-1	0
Profit After Adjustments	1	2	1	4	5	3	7	4	7	4	8	10
Adjusted Earnings Per Share	0.1	0.2	0.1	0.3	0.3	0.3	0.5	0.3	0.5	0.3	0.6	0.8

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-11%	-5%	-6%	-2%
Operating Profit CAGR	17%	0%	-3%	5%
PAT CAGR	125%	44%	8%	25%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	36%	15%	40%	7%
ROE Average	7%	6%	6%	4%
ROCE Average	8%	8%	7%	6%

Surana Telecom 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	60	60	61	99	95	98	102	110	118	123	134
Minority's Interest	2	2	3	4	9	10	7	12	13	14	15
Borrowings	29	105	112	117	49	39	36	35	18	4	1
Other Non-Current Liabilities	0	0	0	1	1	0	0	-0	-0	-1	-1
Total Current Liabilities	17	23	25	36	7	12	12	13	9	9	2
Total Liabilities	109	190	201	257	161	160	158	170	157	150	151
Fixed Assets	62	75	69	198	105	94	85	89	79	72	61
Other Non-Current Assets	34	15	100	36	48	60	64	66	62	56	71
Total Current Assets	14	100	32	23	9	6	9	16	16	22	19
Total Assets	109	190	201	257	161	160	158	170	157	150	151

Surana Telecom 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	1	0	1	1	1	2	0	1	1	1	1
Cash Flow from Operating Activities	19	-72	88	36	20	28	12	16	14	14	15
Cash Flow from Investing Activities	-20	-2	-87	-48	-5	-18	-0	-14	8	-1	-3
Cash Flow from Financing Activities	0	75	-1	13	-15	-12	-11	-1	-23	-13	-11
Net Cash Inflow / Outflow	-1	1	-1	1	1	-2	1	1	-1	1	0
Closing Cash & Cash Equivalent	0	1	1	2	2	0	1	1	1	1	1

Surana Telecom 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)	0.07	0.17	0.12	0.32	0.35	0.26	0.54	0.28	0.5	0.31	0.56
CEPS(Rs)	0.88	0.93	0.9	0.93	1.16	1.39	1.47	1.15	1.39	1.07	1.32
DPS(Rs)	0.12	0.12	0	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	5.52	5.54	5.67	6.27	6.85	7.11	7.42	8.01	8.56	8.98	9.76
Core EBITDA Margin(%)	35.89	67.38	51.21	53.97	61.72	67.4	61.01	64.9	67.9	29.17	47.34
EBIT Margin(%)	15.32	31.29	24.13	26.41	27.86	33.17	44.15	29.02	43.79	26.59	44.88
Pre Tax Margin(%)	2.13	10.42	6.17	7.62	7.33	19.16	27.33	13.68	31.27	21.07	41.79
PAT Margin (%)	2.33	8.5	5.02	6.22	5.55	16.22	23.69	11.6	26.88	15.49	33.79
Cash Profit Margin (%)	30.43	53.49	36.49	37.51	46.43	53.14	68.3	53.16	64.16	51.83	70.94
ROA(%)	0.66	1.02	0.66	0.91	0.9	3.58	4.36	2.08	4.84	2.82	5.69
ROE(%)	1.21	2.66	2.21	2.9	2.11	6.07	7.02	3.25	7.04	3.63	6.71
ROCE(%)	5.04	4.26	3.54	4.42	5.09	8.06	8.89	5.7	8.75	5.39	8.44
Receivable days	67.98	60.93	51.29	53.49	45.08	39.95	63.54	78.22	118.87	119.48	79.61
Inventory Days	44.12	229.41	268.65	157.1	69.12	0	12.33	14.19	14.93	14.86	14.31
Payable days	-6057.94	-165.72	0	950.36	798.21	15.4	-458.16	-1631.38	457.65	-974.51	108.69
PER(x)	49.64	77.06	40.06	14.64	12.68	15.81	4.63	14.67	20.55	27.16	26.39
Price/Book(x)	0.62	2.38	0.88	0.75	0.65	0.57	0.34	0.51	1.21	0.94	1.52
Dividend Yield(%)	3.53	0.91	0	0	0	0	0	0	0	0	0
EV/Net Sales(x)	2.31	13.88	6.57	5.97	3.37	2.99	2.68	3.31	5.56	4.46	7.95
EV/Core EBITDA(x)	5.27	18.14	11.81	10.23	4.84	4.13	2.97	4.67	6.86	7.09	9.69
Net Sales Growth(%)	34.07	-39.66	42.89	29.36	0.48	3.11	-16.48	1.94	0.54	-5.2	-9.45
EBIT Growth(%)	-14.97	22.62	10.04	43.03	6.29	24.85	9.62	-33.98	51.32	-42.44	52.83
PAT Growth(%)	-53.61	118.61	-15.69	61.78	-10.17	206.86	20.24	-50.8	132.34	-45.38	97.51
EPS Growth(%)	-52.82	149.49	-26.97	157.29	8.6	-26.18	109.95	-48.54	81.3	-38.52	81
Debt/Equity(x)	0.62	1.98	2.02	1.29	0.59	0.5	0.44	0.41	0.22	0.1	0.02
Current Ratio(x)	0.79	4.31	1.29	0.63	1.27	0.5	0.73	1.16	1.82	2.58	12.13
Quick Ratio(x)	0.59	3.5	0.54	0.36	0.87	0.5	0.65	1.06	1.69	2.44	11.62
Interest Cover(x)	1.16	1.5	1.34	1.41	1.36	2.37	2.62	1.89	3.5	4.81	14.53
Total Debt/Mcap(x)	1	0.83	2.3	1.97	0.91	0.87	1.32	0.81	0.18	0.11	0.01

Surana Telecom Shareholding Pattern

#	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoter	74.75	74.75	74.82	74.98	74.95	74.4	73.01	71.08	69.63	69.63
FII	0	0	0	0	0	0.03	0.03	0.03	0.03	0.04
DII	0.12	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14
Public	25.12	25.11	25.04	24.88	24.91	25.43	26.82	28.75	30.2	30.19
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoter	10.15	10.15	10.16	10.18	10.18	10.1	9.91	9.65	9.45	9.45
FII	0	0	0	0	0	0	0	0	0	0
DII	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02
Public	3.41	3.41	3.4	3.38	3.38	3.45	3.64	3.9	4.1	4.1
Others	0	0	0	0	0	0	0	0	0	0
Total	13.58	13.58	13.58	13.58	13.58	13.58	13.58	13.58	13.58	13.58

Pros

Company has reduced debt.
Company is almost debt free.

Cons

Company has a low return on equity of 6% over the last 3 years.
Debtor days have increased from -974.51 to 108.69days.
Earnings include an other income of Rs. 9 Cr.
The company has delivered a poor profit growth of 8% 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.