Circuit Systems (India) Ltd

Circuit Systems (India) Ltd

₹ 13.9 -6.14%
28 Mar 2016
About

Circuit Systems (India) Limited, domiciled in India, listed on Bombay Stock Exchange, the company business is Printed Circuit Boards.

  • Market Cap 19.3 Cr.
  • Current Price 13.9
  • High / Low /
  • Stock P/E 8.88
  • Book Value 20.7
  • Dividend Yield 0.00 %
  • ROCE 10.5 %
  • ROE 7.86 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.67 times its book value
  • Debtor days have improved from 24.4 to 19.2 days.
  • Company's working capital requirements have reduced from 121 days to 94.1 days

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 9.58% 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 2013 Jun 2013 Sep 2013 Dec 2013 Mar 2014 Jun 2014 Sep 2014 Dec 2014 Mar 2015 Jun 2015 Sep 2015 Dec 2015
7.97 6.26 6.17 5.93 6.41 6.17 6.42 6.10 5.57 5.07 5.86 4.91
5.54 5.70 5.53 5.30 5.72 5.71 5.85 5.49 4.50 4.75 4.91 4.29
Operating Profit 2.43 0.56 0.64 0.63 0.69 0.46 0.57 0.61 1.07 0.32 0.95 0.62
OPM % 30.49% 8.95% 10.37% 10.62% 10.76% 7.46% 8.88% 10.00% 19.21% 6.31% 16.21% 12.63%
-5.97 0.10 0.10 0.10 0.05 0.08 0.12 0.14 -6.65 0.10 0.10 0.13
Interest 0.44 0.23 0.18 0.23 0.29 0.25 0.27 0.28 0.26 0.27 0.46 0.22
Depreciation 0.40 0.37 0.39 0.39 0.39 0.20 0.27 0.32 0.25 0.44 0.47 0.48
Profit before tax -4.38 0.06 0.17 0.11 0.06 0.09 0.15 0.15 -6.09 -0.29 0.12 0.05
Tax % -0.00% -16.67% -5.88% 72.73% 50.00% 22.22% 20.00% 20.00% -2.63% -0.00% -0.00% -0.00%
-4.37 0.07 0.18 0.04 0.04 0.08 0.12 0.12 -5.94 -0.29 0.11 0.05
EPS in Rs -2.78 0.04 0.11 0.03 0.03 0.06 0.09 0.09 -4.28 -0.21 0.08 0.04
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
37.62 36.12 35.96 36.83 30.39 26.11 24.78 24.25 21.29 23.79 25.91 36.60
31.79 33.93 34.29 35.33 26.96 23.90 22.14 21.47 18.08 18.33 19.49 28.97
Operating Profit 5.83 2.19 1.67 1.50 3.43 2.21 2.64 2.78 3.21 5.46 6.42 7.63
OPM % 15.50% 6.06% 4.64% 4.07% 11.29% 8.46% 10.65% 11.46% 15.08% 22.95% 24.78% 20.85%
1.00 0.41 2.53 0.63 0.15 -3.86 0.24 -6.38 1.08 0.28 0.68 1.34
Interest 1.42 1.70 1.13 0.96 1.77 1.44 0.92 1.06 1.25 1.39 1.43 1.57
Depreciation 1.39 1.54 1.55 1.76 1.38 1.45 1.56 1.03 1.39 2.39 3.19 4.44
Profit before tax 4.02 -0.64 1.52 -0.59 0.43 -4.54 0.40 -5.69 1.65 1.96 2.48 2.96
Tax % 35.32% 62.50% 51.97% -133.90% 6.98% -0.44% 22.50% -1.41% -0.00% -69.39% 34.27% 27.03%
2.60 -1.04 0.73 0.20 0.40 -4.52 0.32 -5.62 1.64 3.33 1.63 2.17
EPS in Rs 2.17 -0.87 0.46 0.13 0.25 -2.88 0.23 -4.05 1.18 2.40 1.18 1.56
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: 0%
5 Years: 8%
3 Years: 20%
TTM: 41%
Compounded Profit Growth
10 Years: 15%
5 Years: 41%
3 Years: 5%
TTM: 35%
Stock Price CAGR
10 Years: 0%
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: 4%
5 Years: 8%
3 Years: 10%
Last Year: 8%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
Equity Capital 12.00 12.00 15.70 15.70 15.70 15.70 13.87 13.87 13.87 13.87 13.87 13.87
Reserves 22.39 21.36 23.56 23.77 24.17 19.65 20.34 6.05 7.69 11.02 12.65 14.82
20.04 27.88 23.02 14.89 14.53 6.60 1.79 8.96 10.34 13.85 10.83 19.90
9.07 10.16 16.71 13.62 7.92 5.65 6.72 3.11 1.33 3.82 4.40 3.21
Total Liabilities 63.50 71.40 78.99 67.98 62.32 47.60 42.72 31.99 33.23 42.56 41.75 51.80
22.37 21.18 19.41 18.38 19.10 18.33 19.00 9.92 12.12 16.32 16.81 20.53
CWIP 13.65 22.21 23.66 22.05 21.79 1.38 -0.00 -0.00 -0.00 0.03 1.62 0.11
Investments 1.05 1.10 1.10 1.10 1.10 6.47 6.42 6.42 8.32 9.25 9.49 13.79
26.43 26.91 34.82 26.45 20.33 21.42 17.30 15.65 12.79 16.96 13.83 17.37
Total Assets 63.50 71.40 78.99 67.98 62.32 47.60 42.72 31.99 33.23 42.56 41.75 51.80

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
3.39 2.54 6.21 2.62 3.09 0.04 5.89 2.84 3.60 9.91 6.32 8.14
-12.57 -9.07 -0.24 1.28 -1.74 8.83 1.27 -5.14 -5.45 -7.71 -5.49 -13.07
9.68 6.27 -0.74 -9.11 -2.21 -8.81 -7.34 5.51 -0.97 -2.43 -0.84 4.88
Net Cash Flow 0.50 -0.26 5.23 -5.21 -0.86 0.06 -0.18 3.22 -2.82 -0.23 -0.01 -0.05

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
Debtor Days 135.25 142.48 153.78 132.30 110.74 97.16 94.27 58.40 41.49 28.23 25.78 19.25
Inventory Days 95.57 102.02 112.22 130.54 183.76 257.55 286.59 127.83 211.63 213.48 276.24 138.33
Days Payable 95.57 101.82 195.91 163.56 97.18 59.01 73.34 7.27 40.70 116.72 165.96 48.96
Cash Conversion Cycle 135.25 142.68 70.09 99.28 197.31 295.69 307.52 178.96 212.42 125.00 136.07 108.62
Working Capital Days 179.88 189.27 159.26 122.49 170.67 232.20 190.75 135.01 188.24 179.66 89.59 94.14
ROCE % 11.75% 1.94% 3.25% 1.29% 4.25% 2.10% 3.69% 6.50% 10.40% 10.11% 10.30% 10.54%

Shareholding Pattern

Numbers in percentages

Shareholding pattern is currently not available for this company.

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