Nirav Commercials Ltd

Nirav Commercial Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Nirav Commercials Ltd

₹ 840 -0.59%
24 Dec - close price
associatedgroup.com/NCL BSE: 512425
About

Incorporated in 1985, Nirav Commercials
Ltd manufactures Aluminum Grills, Doors
& Windows[1]

Key Points

** Formed as a Joint Venture**[1]
Company is in collaboration with M/s Focchi
Spa, an Italian company that undertakes
curtain walling jobs and formed an entity ELESAR FOCCHI.

Website BSE
  • Market Cap ₹ 32.8 Cr.
  • Current Price ₹ 840
  • High / Low ₹ 1,200 / 460
  • Stock P/E
  • Book Value ₹ 782
  • Dividend Yield 0.00 %
  • ROCE 0.14 %
  • ROE -0.34 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company is almost debt free.
  • Stock is trading at 1.07 times its book value
  • Debtor days have improved from 53.6 to 36.8 days.
  • Company's working capital requirements have reduced from 277 days to 150 days

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 2.27% over last 3 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.

Peer comparison

Sector: Non Ferrous Metals Industry: Aluminium and Aluminium Products

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Quarterly Results

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
3.73 1.67 4.14 1.91 2.77 1.98 3.51 3.34 2.91 2.18 2.59 2.28 2.49
3.61 1.83 3.88 1.65 2.61 2.01 3.29 3.08 2.68 2.27 4.41 2.19 2.42
Operating Profit 0.12 -0.16 0.26 0.26 0.16 -0.03 0.22 0.26 0.23 -0.09 -1.82 0.09 0.07
OPM % 3.22% -9.58% 6.28% 13.61% 5.78% -1.52% 6.27% 7.78% 7.90% -4.13% -70.27% 3.95% 2.81%
0.16 0.34 0.00 0.00 0.15 0.19 0.00 0.00 0.31 0.00 0.00 0.00 0.00
Interest 0.00 0.00 0.01 0.00 0.01 0.00 0.03 0.01 0.07 0.01 0.03 0.02 0.06
Depreciation 0.01 0.01 0.02 0.01 0.01 0.01 0.01 0.02 0.04 0.03 0.05 0.03 0.03
Profit before tax 0.27 0.17 0.23 0.25 0.29 0.15 0.18 0.23 0.43 -0.13 -1.90 0.04 -0.02
Tax % 18.52% 17.65% -360.87% 24.00% 24.14% 13.33% 27.78% 34.78% -11.63% 46.15% -1.05% 25.00% -50.00%
0.22 0.14 1.06 0.19 0.22 0.13 0.13 0.15 0.48 -0.19 -1.88 0.03 -0.01
EPS in Rs 5.61 3.57 27.04 4.85 5.61 3.32 3.32 3.83 12.24 -4.85 -47.96 0.77 -0.26
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
7.18 7.75 9.11 7.21 11.72 6.08 5.06 3.72 5.26 11.09 9.62 10.52 9.54
7.15 7.58 9.06 7.35 11.28 6.32 5.71 4.92 5.70 11.13 9.26 10.67 11.29
Operating Profit 0.03 0.17 0.05 -0.14 0.44 -0.24 -0.65 -1.20 -0.44 -0.04 0.36 -0.15 -1.75
OPM % 0.42% 2.19% 0.55% -1.94% 3.75% -3.95% -12.85% -32.26% -8.37% -0.36% 3.74% -1.43% -18.34%
0.30 0.44 0.40 0.41 0.31 8.51 0.86 1.30 9.82 0.80 0.60 0.80 0.00
Interest 0.02 0.04 0.05 0.01 0.17 0.02 0.01 0.01 0.01 0.02 0.04 0.14 0.12
Depreciation 0.09 0.07 0.08 0.06 0.05 0.04 0.05 0.05 0.05 0.05 0.04 0.12 0.14
Profit before tax 0.22 0.50 0.32 0.20 0.53 8.21 0.15 0.04 9.32 0.69 0.88 0.39 -2.01
Tax % 22.73% 26.00% 15.62% 20.00% 26.42% 19.98% 0.00% 0.00% 0.54% -108.70% 22.73% 15.38%
0.16 0.37 0.27 0.17 0.40 6.57 0.15 0.04 9.28 1.44 0.67 0.32 -2.05
EPS in Rs 4.08 9.44 6.89 4.34 10.20 167.60 3.83 1.02 236.73 36.73 17.09 8.16 -52.30
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 3%
5 Years: 16%
3 Years: 26%
TTM: -19%
Compounded Profit Growth
10 Years: %
5 Years: 11%
3 Years: %
TTM: -330%
Stock Price CAGR
10 Years: 11%
5 Years: 32%
3 Years: 20%
1 Year: 71%
Return on Equity
10 Years: 9%
5 Years: 9%
3 Years: 2%
Last Year: 0%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 0.39 0.39 0.39 0.39 0.39 0.39 0.39 0.39 0.39 0.39 0.39 0.39 0.39
Reserves 9.25 9.61 9.85 10.01 10.41 16.98 17.13 17.07 26.36 28.13 28.73 29.48 30.27
0.19 0.13 0.10 0.10 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.20 0.00
0.72 0.74 0.50 0.64 1.85 1.64 1.54 1.28 0.77 1.31 2.03 1.78 5.88
Total Liabilities 10.55 10.87 10.84 11.14 12.65 19.01 19.06 18.74 27.52 29.83 31.15 31.85 36.54
0.56 0.42 0.35 0.29 0.32 0.42 0.37 0.38 0.37 0.33 0.30 0.62 0.61
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 4.17 4.17 4.17 4.17 4.17 11.99 12.36 3.72 2.03 16.41 19.04 24.94 25.74
5.82 6.28 6.32 6.68 8.16 6.60 6.33 14.64 25.12 13.09 11.81 6.29 10.19
Total Assets 10.55 10.87 10.84 11.14 12.65 19.01 19.06 18.74 27.52 29.83 31.15 31.85 36.54

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-1.35 -0.31 -0.21 -0.50 -0.08 -0.45 -0.07 -9.74 -11.48 13.56 3.86 3.75
0.11 0.24 0.07 0.09 0.02 0.12 0.13 8.73 10.79 -14.01 -2.79 -6.29
0.09 0.13 0.17 0.24 0.15 0.30 0.17 0.95 0.55 0.55 0.40 1.00
Net Cash Flow -1.15 0.06 0.03 -0.17 0.08 -0.03 0.23 -0.06 -0.14 0.09 1.47 -1.54

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 39.14 72.53 44.47 62.77 96.23 79.84 63.48 79.48 99.23 37.19 86.89 36.78
Inventory Days 154.98 163.14 126.45 150.50 104.06 291.59 316.79 375.98 172.17 94.61 158.44 124.13
Days Payable 27.52 17.97 13.28 18.29 49.61 92.03 104.45 30.19 9.84 7.62 64.15 10.25
Cash Conversion Cycle 166.60 217.70 157.64 194.99 150.68 279.40 275.82 425.27 261.56 124.18 181.18 150.66
Working Capital Days 244.52 253.38 220.76 299.19 189.35 285.16 313.06 1,269.65 1,675.81 374.54 305.81 149.89
ROCE % 2.46% 2.51% 1.66% -0.29% 5.63% 56.94% -1.83% -0.80% 41.35% 2.57% 2.91% 0.14%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
51.95% 51.95% 51.95% 51.95% 51.95% 51.95% 51.95% 51.95% 51.95% 51.95% 51.95% 51.95%
48.05% 48.05% 48.05% 48.05% 48.06% 48.06% 48.05% 48.05% 48.06% 48.05% 48.06% 48.05%
No. of Shareholders 1,4311,4371,4061,3851,3761,3601,3441,3191,3371,3441,3501,312

Documents

Announcements

Annual reports