National Standard (India) Ltd

National Standard (India) Ltd

₹ 3,922 1.99%
17 Apr - close price
About

National Standard (India) Limited, incorporated in 1962, is presently engaged in the business of Real Estate Development. The Co. is a part of the Lodha Group Since May 2011. It is a subsidiary of Ananthnath Constructions and Farms Private Limited. [1] [2]

Key Points

Revenue Break-up
Revenue from operations:
Income From Property Development - 39% vs (96% in FY 19)
Sale of Building Materials - 1 %
Other Operating Revenue - 6% vs (4% in FY 19)
Other Income was 64% of total revenue in FY 20 and 45% of total revenue in FY 19 constituting:
Interest from Loans - 98% vs (92% in FY 19)
Others - 2% vs (8% in FY 19) [1][2]
The loans and advances have been given to the holding co. [3]

  • Market Cap 7,843 Cr.
  • Current Price 3,922
  • High / Low 6,195 / 3,222
  • Stock P/E 594
  • Book Value 136
  • Dividend Yield 0.00 %
  • ROCE 6.88 %
  • ROE 4.97 %
  • Face Value 10.0

Pros

  • Company is almost debt free.

Cons

  • Stock is trading at 28.8 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 4.78% over last 3 years.
  • Earnings include an other income of Rs.18.1 Cr.
  • Debtor days have increased from 29.6 to 46.8 days.

* 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.

Peer comparison

Sector: Realty Industry: Construction

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Quarterly Results

Figures in Rs. Crores

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
18.21 1.05 1.07 5.80 9.43 0.45 0.52 14.82 5.59 0.03 3.80 15.69 2.81
7.23 1.26 2.19 3.75 8.61 0.75 0.83 12.24 4.12 0.85 1.76 16.66 2.92
Operating Profit 10.98 -0.21 -1.12 2.05 0.82 -0.30 -0.31 2.58 1.47 -0.82 2.04 -0.97 -0.11
OPM % 60.30% -20.00% -104.67% 35.34% 8.70% -66.67% -59.62% 17.41% 26.30% -2,733.33% 53.68% -6.18% -3.91%
3.06 2.49 2.42 2.75 2.91 4.13 4.14 4.00 4.25 4.61 4.37 4.15 5.01
Interest 0.00 0.02 0.00 0.00 0.04 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.02
Profit before tax 14.04 2.26 1.30 4.80 3.69 3.83 3.83 6.58 5.72 3.79 6.41 3.18 4.88
Tax % 26.78% 30.53% 40.00% 32.29% 26.83% 26.89% 26.63% 25.23% 26.05% 30.34% 24.96% 32.08% 26.43%
10.27 1.56 0.77 3.24 2.70 2.80 2.80 4.92 4.22 2.64 4.80 2.15 3.60
EPS in Rs 5.14 0.78 0.38 1.62 1.35 1.40 1.40 2.46 2.11 1.32 2.40 1.08 1.80
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
111 148 184 111 35 14 5 17 25 17 21 22
65 83 95 52 25 19 6 15 11 16 18 22
Operating Profit 46 65 89 59 10 -5 -1 2 15 1 3 0
OPM % 41% 44% 48% 53% 29% -36% -15% 10% 58% 9% 16% 1%
17 14 21 23 12 11 9 15 19 11 17 18
Interest 16 13 19 11 5 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 47 66 91 72 17 6 8 16 34 12 20 18
Tax % 33% 36% 33% 42% 35% 21% 21% 30% 27% 31% 26% 28%
31 42 61 41 11 5 7 11 25 8 15 13
EPS in Rs 15.62 21.19 30.38 20.71 5.56 2.38 3.26 5.52 12.30 4.12 7.37 6.60
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -17%
5 Years: 33%
3 Years: -4%
TTM: 4%
Compounded Profit Growth
10 Years: -11%
5 Years: 15%
3 Years: -19%
TTM: -10%
Stock Price CAGR
10 Years: %
5 Years: 140%
3 Years: -14%
1 Year: -19%
Return on Equity
10 Years: 10%
5 Years: 6%
3 Years: 5%
Last Year: 5%

Balance Sheet

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 20 20 20 20 20 20 20 20 20 20 20 20
Reserves 13 56 117 158 169 174 180 192 216 224 239 252
95 150 114 79 0 0 0 0 0 0 0 0
67 97 110 39 16 12 14 16 10 9 8 5
Total Liabilities 195 322 361 296 205 206 214 227 246 253 268 277
1 0 0 0 0 4 5 3 0 0 0 0
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0
194 322 361 296 205 202 209 224 246 253 268 277
Total Assets 195 322 361 296 205 206 214 227 246 253 268 277

Cash Flows

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
50 54 78 -12 -20 7 2 1 3 13 -1
-2 -104 -20 51 106 -9 -1 -3 -2 -14 1
-37 42 -51 -48 -86 -0 -0 0 0 0 0
Net Cash Flow 10 -8 7 -8 1 -2 2 -2 1 -1 -0

Ratios

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 25 69 31 35 74 207 336 76 237 23 19 47
Inventory Days 0
Days Payable
Cash Conversion Cycle 25 69 31 35 74 207 336 76 237 23 19 47
Working Capital Days 384 550 485 833 1,891 4,878 12,620 4,201 2,888 5,002 4,296 4,334
ROCE % 51% 45% 46% 32% 10% 3% 4% 6% 15% 5% 8% 7%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
73.94% 73.94% 73.94% 73.94% 73.94% 73.94% 73.94% 73.94% 73.94% 73.94% 73.94% 73.94%
26.06% 26.05% 26.05% 26.05% 26.05% 26.05% 26.05% 26.05% 26.05% 26.05% 26.05% 26.05%
No. of Shareholders 2,6972,6962,6772,7122,7182,6802,6252,6002,5762,5202,4782,465

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