Emkay Taps & Cutting Tools Ltd
Incorporated in 1995, Emkay Taps & Cutting Tools Ltd manufactures Taps & Cutting Tools and does production of Power through Windmill[1]
- Market Cap ₹ 1,359 Cr.
- Current Price ₹ 1,273
- High / Low ₹ 1,480 / 510
- Stock P/E 14.2
- Book Value ₹ 332
- Dividend Yield 0.00 %
- ROCE 19.3 %
- ROE 15.7 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 51.0% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Earnings include an other income of Rs.71.7 Cr.
* 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: Engineering Industry: Engineering
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 | 30 | 44 | 49 | 53 | 56 | 64 | 51 | 56 | 71 | 89 | 103 | 109 | |
| 21 | 18 | 27 | 32 | 34 | 33 | 35 | 30 | 33 | 37 | 45 | 55 | 60 | |
| Operating Profit | 10 | 11 | 17 | 17 | 19 | 23 | 29 | 20 | 23 | 34 | 43 | 48 | 49 |
| OPM % | 31% | 38% | 38% | 34% | 36% | 41% | 45% | 40% | 41% | 48% | 49% | 47% | 45% |
| 1 | 0 | 2 | 5 | 2 | 6 | -13 | 1 | 9 | 14 | 16 | 45 | 72 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 3 | 3 | 3 | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 2 |
| Profit before tax | 7 | 9 | 16 | 19 | 18 | 25 | 13 | 19 | 29 | 44 | 57 | 90 | 118 |
| Tax % | 32% | 36% | 34% | 26% | 33% | 22% | 59% | 24% | 18% | 20% | 22% | 20% | |
| 5 | 6 | 11 | 14 | 12 | 20 | 5 | 14 | 24 | 35 | 44 | 72 | 96 | |
| EPS in Rs | 9.65 | 11.25 | 10.13 | 13.13 | 11.07 | 18.59 | 4.94 | 13.31 | 22.33 | 33.04 | 41.35 | 67.38 | 89.99 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 3% | 10% | 3% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 10% |
| 3 Years: | 22% |
| TTM: | 18% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 22% |
| 5 Years: | 51% |
| 3 Years: | 34% |
| TTM: | 72% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 68% |
| 3 Years: | 90% |
| 1 Year: | 105% |
| Return on Equity | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 15% |
| 3 Years: | 16% |
| Last Year: | 16% |
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 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.85 | 0.85 | 2 | 2 | 2 | 2 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
| Reserves | 43 | 49 | 56 | 71 | 83 | 102 | 98 | 111 | 135 | 170 | 215 | 288 | 343 |
| 2 | 2 | 2 | 2 | 5 | 4 | 3 | 3 | 0 | 3 | 6 | 6 | 1 | |
| 6 | 7 | 7 | 6 | 8 | 10 | 17 | 11 | 13 | 19 | 25 | 32 | 28 | |
| Total Liabilities | 51 | 58 | 67 | 81 | 97 | 118 | 128 | 136 | 159 | 203 | 257 | 337 | 383 |
| 18 | 16 | 14 | 16 | 18 | 17 | 17 | 21 | 19 | 19 | 16 | 14 | 13 | |
| CWIP | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 16 | 24 | 31 | 36 | 49 | 71 | 65 | 78 | 99 | 144 | 187 | 255 | 304 |
| 17 | 18 | 22 | 28 | 30 | 30 | 44 | 37 | 41 | 40 | 53 | 69 | 66 | |
| Total Assets | 51 | 58 | 67 | 81 | 97 | 118 | 128 | 136 | 159 | 203 | 257 | 337 | 383 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 8 | 8 | 8 | 5 | 12 | 19 | 14 | 18 | 15 | 32 | 25 | 25 | |
| -4 | -8 | -4 | -6 | -15 | -17 | -11 | -17 | -12 | -35 | -28 | -23 | |
| -4 | 0 | -3 | 0 | 2 | -2 | -2 | -1 | -3 | 3 | 2 | 1 | |
| Net Cash Flow | 1 | 0 | 1 | -0 | -1 | 0 | 0 | -0 | -1 | 0 | 0 | 2 |
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 | 81 | 91 | 79 | 82 | 92 | 99 | 94 | 100 | 117 | 90 | 81 | 84 |
| Inventory Days | 307 | 484 | 612 | 546 | 827 | 605 | 681 | 635 | 194 | 417 | 518 | 350 |
| Days Payable | 58 | 84 | 150 | 81 | 146 | 211 | 173 | 98 | 85 | 157 | 155 | 91 |
| Cash Conversion Cycle | 330 | 491 | 541 | 548 | 773 | 493 | 602 | 637 | 226 | 350 | 443 | 343 |
| Working Capital Days | 149 | 154 | 127 | 161 | 158 | 134 | 157 | 183 | 181 | 107 | 112 | 118 |
| ROCE % | 17% | 19% | 30% | 29% | 22% | 27% | 12% | 16% | 16% | 19% | 21% | 19% |
Documents
Announcements
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Update-Acquisition/Scheme/Sale/Disposal-XBRL
19 November 2024 - EMKAY TAPS AND CUTTING TOOLS LIMITED has informed regarding Update-Acquisition/Scheme/Sale/Disposal-XBRL
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Demerger
19 November 2024 - Emkay Taps and Cutting Tools Limited has informed about Demerger
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Update-Acquisition/Scheme/Sale/Disposal-XBRL
13 November 2024 - EMKAY TAPS AND CUTTING TOOLS LIMITED has informed regarding Update-Acquisition/Scheme/Sale/Disposal-XBRL
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Scheme of Arrangement
12 November 2024 - Emkay Taps and Cutting Tools Limited has informed about Scheme of Arrangement
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Updates
5 November 2024 - Further to the letter attached hereunder the pdf uploaded is not opening on the NSE website because of some technical issue in response to which, …
Business Overview:[1][2]
ETCTL manufactures high-speed steel (HSS) threading taps and cutting tools, mainly for the automobile and auto ancillary industries. It also owns and operates wind-mills in Rajasthan and Karnataka.