Taneja Aerospace

₹460.9 -10.1 | 2.1%

WEBSITE BSE:522229 NSE : TANEJA AERO. 18 May, 12:50

Market Cap ₹1175 Cr.

Stock P/E 103.7

P/B 9

Current Price ₹460.9

Book Value ₹ 51.1

Face Value 5

52W High ₹520

Dividend Yield 0.87%

52W Low ₹ 132

Edit Ratio

Taneja Aerospace Research see more...

Overview Inc. Year: 1988Industry: Airlines

Taneja Aerospace and Aviation Ltd is engaged in the business of manufacture and sale of diverse elements and components to aviation industry, imparting offerings associated with airfield and maintenance, repair and operations (MRO), and allied services. The Company's important commercial enterprise activities include plane manufacturing and maintenance (AMM), and airfield. It operates through two segments: Trading of Electrical Goods and Aviation. The Company is concerned in numerous aviation associated enterprise activities, which consist of AMM Center, and Aviation Infrastructure-Airfield and MRO. The skills of AMM Center include meeting, machining, sheet metal fabrication, composite production, heat treatment and design. It gives solutions for construction of airfield and related infrastructure, which includes feasibility record, master planning, documentation for approval from government, construction of runways and allied systems, hangar and workplace construction, furnishing and landscaping.

Taneja Aerospace Share Price

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Peer Comparison

Taneja Aerospace 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	10	8	6	7	9	10	8	7	7	8
Other Income	0	0	0	1	0	0	0	0	0	0
Total Income	10	8	6	7	9	10	8	7	8	8
Total Expenditure	5	4	2	2	4	5	2	2	3	4
Operating Profit	5	4	4	5	5	5	6	5	4	5
Interest	0	0	0	0	0	0	0	0	0	0
Depreciation	1	1	1	1	1	1	1	1	1	1
Exceptional Income / Expenses	-4	-1	-0	0	0	0	0	0	0	0
Profit Before Tax	-0	2	3	4	4	4	5	4	3	4
Provision for Tax	0	1	1	1	2	1	1	1	1	1
Profit After Tax	-0	1	2	3	3	3	3	3	3	3
Adjustments	-0	0	-0	-0	0	0	-0	-0	0	0
Profit After Adjustments	-0	1	2	3	3	3	3	3	3	3
Adjusted Earnings Per Share	-0.1	0.2	0.7	1.3	1.2	1.2	1.4	1.1	1	1

Taneja Aerospace 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	54	82	29	60	37	32	33	32	35	31	32	30
Other Income	1	1	3	2	2	1	1	0	0	1	1	0
Total Income	54	83	32	63	39	32	33	33	35	32	33	31
Total Expenditure	46	74	32	57	29	24	19	19	20	15	13	11
Operating Profit	8	9	-0	5	10	8	14	14	15	17	20	20
Interest	5	6	7	6	6	5	5	4	3	1	1	0
Depreciation	4	5	3	3	3	3	3	4	4	3	3	4
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	-5	-0	0
Profit Before Tax	-0	-1	-10	-4	1	0	7	6	8	8	16	16
Provision for Tax	0	0	-6	0	0	0	1	0	2	3	5	4
Profit After Tax	-0	-1	-5	-4	1	0	5	6	6	5	11	12
Adjustments	0	-0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	-0	-1	-5	-4	1	0	5	6	6	5	11	12
Adjusted Earnings Per Share	-0.1	-0.5	-1.9	-1.7	0.3	0.1	2.1	2.3	2.5	2.2	4.4	4.5

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	3%	0%	0%	-5%
Operating Profit CAGR	18%	13%	20%	10%
PAT CAGR	120%	22%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	204%	140%	74%	32%
ROE Average	10%	7%	7%	2%
ROCE Average	15%	11%	10%	6%

Taneja Aerospace 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	108	107	89	85	87	88	93	98	105	109	110
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	14	25	29	26	19	25	16	9	2	0	0
Other Non-Current Liabilities	13	16	10	10	7	7	8	8	8	7	10
Total Current Liabilities	36	45	30	50	33	26	25	17	14	11	10
Total Liabilities	170	193	158	171	147	146	141	133	128	127	130
Fixed Assets	111	120	126	123	108	107	105	104	101	92	96
Other Non-Current Assets	17	14	1	1	15	15	14	11	11	15	11
Total Current Assets	42	59	30	46	24	24	22	18	16	13	22
Total Assets	170	193	158	171	147	146	141	133	128	127	130

Taneja Aerospace 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	6	6	10	2	4	4	6	5	2	5	3
Cash Flow from Operating Activities	5	4	29	0	11	9	8	12	14	10	16
Cash Flow from Investing Activities	-5	-10	-18	8	-2	-2	1	-2	-0	-4	3
Cash Flow from Financing Activities	0	10	-18	-7	-9	-5	-10	-12	-10	-7	-13
Net Cash Inflow / Outflow	1	4	-7	1	0	2	-1	-2	3	-2	6
Closing Cash & Cash Equivalent	6	10	2	4	4	6	5	3	5	3	8

Taneja Aerospace 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)	-0.09	-0.49	-1.92	-1.73	0.29	0.06	2.07	2.34	2.49	2.19	4.41
CEPS(Rs)	1.35	1.37	-0.54	-0.51	1.5	1.24	3.29	3.93	4.14	3.49	5.59
DPS(Rs)	0	0	0	0	0	0	0	0	0	2.5	4
Book NAV/Share(Rs)	43.25	42.86	35.86	34.13	35.1	35.21	37.11	39.46	41.94	43.57	43.95
Core EBITDA Margin(%)	13.73	10.17	-10.41	4.68	21.04	23.04	42.41	42.24	42.38	51.91	58.61
EBIT Margin(%)	8.06	5.75	-11.91	3.33	17.51	16.75	34.97	30.82	31.37	28.84	52.2
Pre Tax Margin(%)	-0.4	-1	-35.68	-7.07	2.04	0.84	19.9	18.86	23.95	25.82	50.12
PAT Margin (%)	-0.44	-1.49	-16.49	-7.07	1.91	0.47	15.76	18.11	18.01	17.52	34.48
Cash Profit Margin (%)	6.26	4.13	-4.62	-2.09	10.07	9.8	25.04	30.38	29.88	27.86	43.78
ROA(%)	-0.14	-0.68	-2.72	-2.62	0.45	0.1	3.6	4.27	4.77	4.3	8.57
ROE(%)	-0.22	-1.15	-4.87	-4.94	0.82	0.17	5.72	6.12	6.13	5.13	10.07
ROCE(%)	2.99	3.08	-2.34	1.56	5.23	4.27	9.26	8.22	9.38	8.02	15.04
Receivable days	101.23	83.18	178.49	85.16	148.07	76.18	64.73	77.34	78.83	92.01	74.1
Inventory Days	35.5	22.1	57.35	42.12	65.03	51.82	44.48	24.27	6.64	0	0
Payable days	302.16	139.86	309.6	154.55	505.31	235.31	375.98	243.82	224.85	827.49	0
PER(x)	0	0	0	0	161.19	833.05	16	6.51	12.31	50.23	29.61
Price/Book(x)	0.39	0.71	1.58	1.68	1.31	1.41	0.89	0.39	0.73	2.53	2.97
Dividend Yield(%)	0	0	0	0	0	0	0	0	0	2.27	3.07
EV/Net Sales(x)	1.4	1.45	6.38	2.98	3.95	4.87	3.33	1.71	2.32	8.79	9.89
EV/Core EBITDA(x)	9.44	12.73	0	35.59	15.36	18.67	7.53	3.96	5.37	16.15	15.7
Net Sales Growth(%)	6.38	53.31	-65.1	110.2	-38.41	-15.24	3.88	-1.47	7.05	-9.63	2.12
EBIT Growth(%)	-46.41	9.34	-172.63	158.82	221.16	-19.04	116.86	-13.17	8.95	-16.91	84.84
PAT Growth(%)	-107.6	-421.8	-287.59	9.84	116.5	-79.08	3369.07	13.2	6.49	-12.09	100.96
EPS Growth(%)	-107.58	-422.83	-287.4	9.84	116.5	-79.09	3371.64	13.2	6.49	-12.09	100.97
Debt/Equity(x)	0.37	0.51	0.5	0.48	0.41	0.41	0.34	0.2	0.08	0.03	0
Current Ratio(x)	1.17	1.31	1.03	0.93	0.72	0.92	0.88	1.02	1.14	1.23	2.17
Quick Ratio(x)	1.01	1.22	0.86	0.74	0.6	0.73	0.76	0.95	1.14	1.23	2.17
Interest Cover(x)	0.95	0.85	-0.5	0.32	1.13	1.05	2.32	2.58	4.23	9.54	25.09
Total Debt/Mcap(x)	0.94	0.72	0.32	0.28	0.31	0.29	0.38	0.52	0.11	0.01	0

Taneja Aerospace Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	51.23	51.23	51.23	51.23	51.23	51.23	51.23	51.23	51.23	52.3
FII	0.41	0.41	0.46	0.46	0.46	0.42	0.42	0	0.17	0.16
DII	0	0	0	0	0	0	0	0	0	0
Public	48.36	48.36	48.31	48.31	48.31	48.35	48.35	48.77	48.6	47.53
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	1.28	1.28	1.28	1.28	1.28	1.28	1.28	1.28	1.28	1.33
FII	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	1.21	1.21	1.2	1.2	1.2	1.21	1.21	1.22	1.21	1.21
Others	0	0	0	0	0	0	0	0	0	0
Total	2.49	2.49	2.49	2.49	2.49	2.49	2.49	2.49	2.49	2.55

Pros

Debtor days have improved from 827.49 to 0days.
Company is almost debt free.

Cons

Company has a low return on equity of 7% over the last 3 years.
Stock is trading at 9 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.