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.
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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|
| 89 | 103 | 109 | |
| 45 | 55 | 60 | |
| Operating Profit | 43 | 48 | 49 |
| OPM % | 49% | 47% | 45% |
| 16 | 45 | 72 | |
| Interest | 0 | 0 | 0 |
| Depreciation | 3 | 3 | 2 |
| Profit before tax | 57 | 90 | 118 |
| Tax % | 22% | 20% | |
| 44 | 72 | 96 | |
| EPS in Rs | 41.35 | 67.38 | 89.98 |
| Dividend Payout % | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 18% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 72% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 68% |
| 3 Years: | 90% |
| 1 Year: | 105% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 16% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|
| Equity Capital | 11 | 11 | 11 |
| Reserves | 215 | 288 | 343 |
| 6 | 6 | 1 | |
| 25 | 32 | 28 | |
| Total Liabilities | 257 | 337 | 383 |
| 16 | 14 | 13 | |
| CWIP | 0 | 0 | 0 |
| Investments | 187 | 255 | 304 |
| 53 | 69 | 66 | |
| Total Assets | 257 | 337 | 383 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | |
|---|---|---|
| 25 | 25 | |
| -28 | -23 | |
| 2 | 1 | |
| Net Cash Flow | 0 | 2 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | |
|---|---|---|
| Debtor Days | 81 | 84 |
| Inventory Days | 518 | 350 |
| Days Payable | 155 | 91 |
| Cash Conversion Cycle | 443 | 343 |
| Working Capital Days | 112 | 118 |
| ROCE % | 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.