Surana Telecom

₹17.1 0.7 | 4.2%

WEBSITE BSE:517530 NSE : SURANATP 18 May, 12:50

Market Cap ₹232 Cr.

Stock P/E -66.8

P/B 1.8

Current Price ₹17.1

Book Value ₹ 9.3

Face Value 1

52W High ₹21

Dividend Yield 0%

52W Low ₹ 8.7

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 ₹15 Cr and a paid-up capital of ₹13.58 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.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	5	9	8	9	5	7	7	7	6	6
Other Income	0	0	1	8	1	0	1	0	1	1
Total Income	6	9	10	16	6	7	8	7	6	7
Total Expenditure	2	3	4	3	3	3	12	3	3	3
Operating Profit	4	6	6	13	3	4	-3	4	3	3
Interest	1	1	1	0	0	0	0	0	0	0
Depreciation	3	3	3	2	2	2	3	2	2	2
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	0	3	3	10	0	2	-6	2	1	1
Provision for Tax	0	0	0	2	0	0	-1	0	0	0
Profit After Tax	0	2	2	9	0	1	-6	2	1	1
Adjustments	0	-0	-0	-1	0	-0	-0	-0	-0	0
Profit After Adjustments	0	2	2	8	0	1	-6	1	1	1
Adjusted Earnings Per Share	0	0.1	0.2	0.6	0	0.1	-0.5	0.1	0	0.1

Surana Telecom 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	22	30	18	26	33	33	34	29	29	29	28	26
Other Income	5	2	2	1	1	2	1	8	2	4	9	3
Total Income	27	32	20	27	34	36	35	37	31	33	37	28
Total Expenditure	12	19	6	13	15	12	10	11	10	9	20	21
Operating Profit	15	13	14	14	19	23	25	26	21	24	18	7
Interest	4	4	4	5	6	7	5	5	5	4	2	0
Depreciation	10	8	8	8	11	14	13	13	12	11	10	9
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	2	1	2	2	3	2	7	8	4	9	6	-2
Provision for Tax	0	-0	0	0	0	1	1	1	1	1	2	-1
Profit After Tax	2	1	2	1	2	2	6	7	3	8	4	-2
Adjustments	0	0	0	0	2	3	-2	0	0	-1	-0	0
Profit After Adjustments	2	1	2	1	4	5	3	7	4	7	4	-3
Adjusted Earnings Per Share	0.1	0.1	0.2	0.1	0.3	0.3	0.3	0.5	0.3	0.5	0.3	-0.3

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-3%	-1%	-3%	2%
Operating Profit CAGR	-25%	-12%	-5%	2%
PAT CAGR	-50%	-17%	15%	7%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	88%	57%	33%	19%
ROE Average	4%	5%	5%	4%
ROCE Average	5%	7%	7%	6%

Surana Telecom 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	61	60	60	61	99	95	98	102	110	118	123
Minority's Interest	0	2	2	3	4	9	10	7	12	13	14
Borrowings	26	29	105	112	117	49	39	36	35	18	4
Other Non-Current Liabilities	0	0	0	0	1	1	0	0	-0	-0	-1
Total Current Liabilities	15	17	23	25	36	7	12	12	13	9	10
Total Liabilities	102	109	190	201	257	161	160	158	170	157	151
Fixed Assets	68	62	75	69	198	105	94	85	89	79	72
Other Non-Current Assets	15	34	15	100	36	48	60	64	66	62	57
Total Current Assets	19	14	100	32	23	9	6	9	16	16	22
Total Assets	102	109	190	201	257	161	160	158	170	157	151

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

Surana Telecom 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)	0.15	0.07	0.17	0.12	0.32	0.35	0.26	0.54	0.28	0.5	0.31
CEPS(Rs)	1.06	0.88	0.93	0.9	0.93	1.16	1.39	1.47	1.15	1.39	1.07
DPS(Rs)	0.12	0.12	0.12	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	5.59	5.52	5.54	5.67	6.27	6.85	7.11	7.42	8.01	8.56	8.98
Core EBITDA Margin(%)	45.81	35.89	67.38	51.21	53.97	61.72	67.4	61.01	64.9	67.9	29.17
EBIT Margin(%)	24.12	15.32	31.29	24.13	26.41	27.86	33.17	44.15	29.02	43.79	26.59
Pre Tax Margin(%)	7.32	2.13	10.42	6.17	7.62	7.33	19.16	27.33	13.68	31.27	21.07
PAT Margin (%)	6.74	2.33	8.5	5.02	6.22	5.55	16.22	23.69	11.6	26.88	15.49
Cash Profit Margin (%)	49.19	30.43	53.49	36.49	37.51	46.43	53.14	68.3	53.16	64.16	51.83
ROA(%)	1.42	0.66	1.02	0.66	0.91	0.9	3.58	4.36	2.08	4.84	2.81
ROE(%)	2.6	1.21	2.66	2.21	2.9	2.11	6.07	7.02	3.25	7.04	3.63
ROCE(%)	6.14	5.04	4.26	3.54	4.42	5.09	8.06	8.89	5.7	8.75	5.37
Receivable days	93.9	67.98	60.93	51.29	53.49	45.08	39.95	63.54	78.22	118.87	119.48
Inventory Days	38.56	44.12	229.41	268.65	157.1	69.12	0	12.33	14.19	14.93	14.86
Payable days	0	-6057.94	-165.72	0	950.36	798.21	15.4	-458.16	-1631.38	457.65	-974.51
PER(x)	19.83	49.64	77.06	40.06	14.64	12.68	15.81	4.63	14.67	20.55	27.17
Price/Book(x)	0.52	0.62	2.38	0.88	0.75	0.65	0.57	0.34	0.51	1.21	0.94
Dividend Yield(%)	4.17	3.53	0.91	0	0	0	0	0	0	0	0
EV/Net Sales(x)	2.66	2.31	13.88	6.57	5.97	3.37	2.99	2.68	3.31	5.56	4.5
EV/Core EBITDA(x)	3.96	5.27	18.14	11.81	10.23	4.84	4.13	2.97	4.67	6.86	7.16
Net Sales Growth(%)	100.94	34.07	-39.66	42.89	29.36	0.48	3.11	-16.48	1.94	0.54	-5.2
EBIT Growth(%)	530.66	-14.97	22.62	10.04	43.03	6.29	24.85	9.62	-33.98	51.32	-42.44
PAT Growth(%)	121.02	-53.61	118.61	-15.69	61.78	-10.17	206.86	20.24	-50.8	132.34	-45.38
EPS Growth(%)	121	-52.82	149.49	-26.97	157.29	8.6	-26.18	109.95	-48.54	81.3	-38.54
Debt/Equity(x)	0.54	0.62	1.98	2.02	1.29	0.59	0.5	0.44	0.41	0.22	0.11
Current Ratio(x)	1.28	0.79	4.31	1.29	0.63	1.27	0.5	0.73	1.16	1.82	2.29
Quick Ratio(x)	1.05	0.59	3.5	0.54	0.36	0.87	0.5	0.65	1.06	1.69	2.17
Interest Cover(x)	1.44	1.16	1.5	1.34	1.41	1.36	2.37	2.62	1.89	3.5	4.81
Total Debt/Mcap(x)	1.05	1	0.83	2.3	1.97	0.91	0.87	1.32	0.81	0.18	0.12

Surana Telecom Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	75	74.77	74.77	74.75	74.75	74.82	74.98	74.95	74.4	73.01
FII	0	0	0	0	0	0	0	0	0.03	0.03
DII	0.05	0.05	0.05	0.12	0.14	0.14	0.14	0.14	0.14	0.14
Public	24.95	25.18	25.18	25.12	25.11	25.04	24.88	24.91	25.43	26.82
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	10.18	10.15	10.15	10.15	10.15	10.16	10.18	10.18	10.1	9.91
FII	0	0	0	0	0	0	0	0	0	0
DII	0.01	0.01	0.01	0.02	0.02	0.02	0.02	0.02	0.02	0.02
Public	3.39	3.42	3.42	3.41	3.41	3.4	3.38	3.38	3.45	3.64
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

Debtor days have improved from 457.65 to -974.51days.
Company has reduced debt.
Company is almost debt free.

Cons

Company has a low return on equity of 5% over the last 3 years.
Earnings include an other income of Rs. 9 Cr.

* 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.