Alfa Transformers Ltd

Alfa Transformers Ltd

₹ 90.3 -0.94%
25 Jul 10:27 a.m.
About

Incorporated in 1982, Alfa Transformers Limited manufactures small distribution transformers and offers related technical assistance and services, including repair work.

Key Points

Product Profile:[1]
a) Single Phase: wound core type transformers
b) Three Phase: Distributional transformers
c) Power Transformers: up to 15 MVA, 36 KV
d) Stabilized output transformers
e) Low Loss energy-efficient transformers
f) Transformers for Induction Furnace Duty
g) Transformers for ARC and submerged arc furnace duty.
h) Step Lap CRGO Lamination
i) Amorphous Metal Alloy Core Laminations.[2]

  • Market Cap 82.6 Cr.
  • Current Price 90.3
  • High / Low 126 / 39.6
  • Stock P/E 10.8
  • Book Value 24.1
  • Dividend Yield 0.00 %
  • ROCE 11.5 %
  • ROE 41.8 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 47.5% CAGR over last 5 years

Cons

  • Stock is trading at 3.79 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Tax rate seems low
  • Company has a low return on equity of 10.1% 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
6.61 2.47 1.64 2.31 3.24 3.48 6.24 12.09 7.24 12.38 13.87 13.37 11.35
9.12 3.22 2.62 2.68 3.83 3.38 5.51 10.79 6.80 10.74 13.03 12.69 10.91
Operating Profit -2.51 -0.75 -0.98 -0.37 -0.59 0.10 0.73 1.30 0.44 1.64 0.84 0.68 0.44
OPM % -37.97% -30.36% -59.76% -16.02% -18.21% 2.87% 11.70% 10.75% 6.08% 13.25% 6.06% 5.09% 3.88%
0.04 0.06 0.03 0.03 0.35 0.04 0.02 0.09 0.24 0.14 0.10 0.11 0.20
Interest 0.25 0.23 0.26 0.20 0.17 0.28 0.28 0.29 0.35 0.33 0.39 0.36 0.36
Depreciation 0.28 0.27 0.27 0.27 0.31 0.25 0.26 0.24 0.27 0.27 0.27 0.27 0.27
Profit before tax -3.00 -1.19 -1.48 -0.81 -0.72 -0.39 0.21 0.86 0.06 1.18 0.28 0.16 0.01
Tax % 151.00% -4.20% -3.38% -4.94% -15.28% -12.82% -33.33% -1.16% -250.00% -3.39% -2,064.29% -37.50% -1,100.00%
-7.52 -1.14 -1.43 -0.77 -0.62 -0.34 0.28 0.87 0.20 1.23 6.06 0.22 0.12
EPS in Rs -8.22 -1.25 -1.56 -0.84 -0.68 -0.37 0.31 0.95 0.22 1.34 6.62 0.24 0.13
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
21.48 26.21 26.33 26.81 25.46 46.09 64.41 32.71 19.59 9.64 28.88 50.97
21.87 26.07 24.32 24.60 25.40 45.90 63.22 38.07 25.57 12.30 26.24 47.38
Operating Profit -0.39 0.14 2.01 2.21 0.06 0.19 1.19 -5.36 -5.98 -2.66 2.64 3.59
OPM % -1.82% 0.53% 7.63% 8.24% 0.24% 0.41% 1.85% -16.39% -30.53% -27.59% 9.14% 7.04%
0.17 2.53 0.16 0.23 0.27 0.17 0.41 0.30 1.01 0.43 0.31 0.56
Interest 2.43 1.97 1.64 1.65 1.97 1.97 1.82 1.35 1.13 0.86 1.19 1.44
Depreciation 0.92 0.84 1.53 1.35 1.19 1.15 1.22 1.22 1.16 1.12 1.03 1.07
Profit before tax -3.57 -0.14 -1.00 -0.56 -2.83 -2.76 -1.44 -7.63 -7.26 -4.21 0.73 1.64
Tax % -0.28% 0.00% 0.00% -3.57% 0.00% 0.36% -2.08% 0.00% 62.40% -5.94% -38.36% -365.24%
-3.55 -0.14 -1.00 -0.54 -2.83 -2.77 -1.41 -7.63 -11.79 -3.96 1.01 7.63
EPS in Rs -6.62 -0.26 -1.87 -1.01 -4.49 -3.75 -1.54 -8.34 -12.88 -4.33 1.10 8.34
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: 7%
5 Years: -5%
3 Years: 38%
TTM: 76%
Compounded Profit Growth
10 Years: 19%
5 Years: 48%
3 Years: 38%
TTM: 600%
Stock Price CAGR
10 Years: 18%
5 Years: 34%
3 Years: 107%
1 Year: 134%
Return on Equity
10 Years: -10%
5 Years: -14%
3 Years: 10%
Last Year: 42%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 5.36 5.36 5.36 5.36 6.31 7.40 9.15 9.15 9.15 9.15 9.15 9.15
Reserves 12.13 11.80 10.69 10.15 28.52 27.10 30.24 22.49 8.33 4.28 5.28 12.88
10.71 7.81 6.89 9.55 9.72 8.10 7.36 6.01 4.39 5.03 7.75 9.34
8.93 7.28 9.39 6.96 7.49 23.35 15.12 14.25 14.60 13.14 13.93 8.72
Total Liabilities 37.13 32.25 32.33 32.02 52.04 65.95 61.87 51.90 36.47 31.60 36.11 40.09
17.49 16.33 14.44 13.20 31.75 31.00 30.42 29.47 23.71 22.44 21.83 20.91
CWIP 0.08 0.06 0.00 0.00 0.02 0.03 0.03 0.47 0.33 0.33 0.00 0.17
Investments 0.63 0.13 0.13 0.13 0.13 0.13 0.01 0.01 0.01 0.01 0.00 0.00
18.93 15.73 17.76 18.69 20.14 34.79 31.41 21.95 12.42 8.82 14.28 19.01
Total Assets 37.13 32.25 32.33 32.02 52.04 65.95 61.87 51.90 36.47 31.60 36.11 40.09

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
6.43 3.44 1.99 -0.96 -2.34 -1.52 -2.32 -1.14 -0.54 -0.58 -2.28 -0.08
0.49 2.74 0.53 -0.09 0.04 -0.70 -3.89 1.53 -0.09 0.87 -0.56 0.02
-6.85 -6.24 -2.57 1.01 2.34 2.19 6.18 -0.15 0.38 -0.28 2.85 0.03
Net Cash Flow 0.07 -0.06 -0.05 -0.04 0.04 -0.03 -0.03 0.24 -0.25 0.01 0.01 -0.03

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 124.22 61.41 78.60 69.57 85.01 140.80 69.93 57.80 47.33 68.91 31.72 41.10
Inventory Days 177.86 146.89 167.54 192.25 188.44 120.26 75.32 130.66 80.58 149.84 113.36 62.18
Days Payable 136.99 88.51 130.75 84.67 89.09 196.10 83.00 126.77 142.74 247.34 108.56 51.68
Cash Conversion Cycle 165.09 119.80 115.39 177.16 184.36 64.97 62.25 61.70 -14.83 -28.58 36.53 51.60
Working Capital Days 160.24 101.80 98.84 136.69 162.14 77.45 63.47 54.12 7.27 -35.21 35.51 47.76
ROCE % -3.55% -0.64% 2.63% 4.54% -2.47% -1.81% 0.58% -14.81% -23.35% -16.46% 9.84% 11.50%

Shareholding Pattern

Numbers in percentages

2 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
46.96% 46.96% 46.96% 46.96% 46.97% 46.99% 47.24% 47.60% 47.49% 47.49% 46.82% 46.87%
53.04% 53.04% 53.04% 53.04% 53.02% 53.00% 52.76% 52.39% 52.50% 52.51% 53.19% 53.13%
No. of Shareholders 2,9283,2053,3993,3823,3503,2683,3883,5525,3206,8767,6019,008

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