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Duncan Engineering

BSE:504908
Snowflake Description

Flawless balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
504908
BSE
₹388M
Market Cap
  1. Home
  2. IN
  3. Automobiles
Company description

Duncan Engineering Limited manufactures and trades in industrial pneumatics, and automotive and off-highway tire valves in India and internationally. The last earnings update was 23 days ago. More info.


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  • Duncan Engineering has significant price volatility in the past 3 months.
504908 Share Price and Events
7 Day Returns
0.6%
BSE:504908
-2.1%
IN Auto Components
-2.2%
IN Market
1 Year Returns
32.5%
BSE:504908
-27.2%
IN Auto Components
-3.1%
IN Market
504908 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Duncan Engineering (504908) 0.6% -5.6% 39.7% 32.5% 37.5% 23.1%
IN Auto Components -2.1% -4% -13.6% -27.2% 5% 49.1%
IN Market -2.2% -2.7% -4.1% -3.1% 22.1% 34.8%
1 Year Return vs Industry and Market
  • 504908 outperformed the Auto Components industry which returned -27.2% over the past year.
  • 504908 outperformed the Market in India which returned -3.1% over the past year.
Price Volatility
504908
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Duncan Engineering undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Duncan Engineering to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Duncan Engineering.

BSE:504908 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 18.5%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BSE:504908
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Auto Components Unlevered Beta Simply Wall St/ S&P Global 1.27
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.27 (1 + (1- 35%) (17.34%))
1.277
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.28
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.277 * 8.6%)
18.53%

Discounted Cash Flow Calculation for BSE:504908 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Duncan Engineering is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

BSE:504908 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 18.53%)
2020 31.17 Est @ -26.04% 26.29
2021 26.19 Est @ -15.96% 18.64
2022 23.86 Est @ -8.91% 14.33
2023 22.91 Est @ -3.97% 11.61
2024 22.79 Est @ -0.51% 9.74
2025 23.23 Est @ 1.9% 8.38
2026 24.06 Est @ 3.6% 7.32
2027 25.22 Est @ 4.78% 6.47
2028 26.63 Est @ 5.61% 5.77
2029 28.28 Est @ 6.19% 5.17
Present value of next 10 years cash flows ₹113.71
BSE:504908 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ₹28.28 × (1 + 7.55%) ÷ (18.53% – 7.55%)
₹276.98
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹276.98 ÷ (1 + 18.53%)10
₹50.60
BSE:504908 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹113.71 + ₹50.60
₹164.31
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹164.31 / 3.70
₹44.46
BSE:504908 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹44.46
Current discount Discount to share price of ₹102.00
= -1 x (₹102.00 - ₹44.46) / ₹44.46
-129.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Duncan Engineering is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Duncan Engineering's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Duncan Engineering's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:504908 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in INR ₹7.52
BSE:504908 Share Price ** BSE (2019-07-15) in INR ₹102
India Auto Components Industry PE Ratio Median Figure of 102 Publicly-Listed Auto Components Companies 14.1x
India Market PE Ratio Median Figure of 2,834 Publicly-Listed Companies 14.88x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Duncan Engineering.

BSE:504908 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:504908 Share Price ÷ EPS (both in INR)

= 102 ÷ 7.52

13.56x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Duncan Engineering is good value based on earnings compared to the IN Auto Components industry average.
  • Duncan Engineering is good value based on earnings compared to the India market.
Price based on expected Growth
Does Duncan Engineering's expected growth come at a high price?
Raw Data
BSE:504908 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.56x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
India Auto Components Industry PEG Ratio Median Figure of 33 Publicly-Listed Auto Components Companies 1.17x
India Market PEG Ratio Median Figure of 534 Publicly-Listed Companies 1.29x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Duncan Engineering, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Duncan Engineering's assets?
Raw Data
BSE:504908 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in INR ₹51.91
BSE:504908 Share Price * BSE (2019-07-15) in INR ₹102
India Auto Components Industry PB Ratio Median Figure of 112 Publicly-Listed Auto Components Companies 1.55x
India Market PB Ratio Median Figure of 3,668 Publicly-Listed Companies 0.96x
BSE:504908 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:504908 Share Price ÷ Book Value per Share (both in INR)

= 102 ÷ 51.91

1.97x

* Primary Listing of Duncan Engineering.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Duncan Engineering is overvalued based on assets compared to the IN Auto Components industry average.
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Value checks
We assess Duncan Engineering's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Auto Components industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Auto Components industry average (and greater than 0)? (1 check)
  5. Duncan Engineering has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Duncan Engineering expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Duncan Engineering has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13.3%
Expected Auto Components industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Duncan Engineering expected to grow at an attractive rate?
  • Unable to compare Duncan Engineering's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Duncan Engineering's earnings growth to the India market average as no estimate data is available.
  • Unable to compare Duncan Engineering's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:504908 Future Growth Rates Data Sources
Data Point Source Value (per year)
India Auto Components Industry Earnings Growth Rate Market Cap Weighted Average 13.3%
India Auto Components Industry Revenue Growth Rate Market Cap Weighted Average 9%
India Market Earnings Growth Rate Market Cap Weighted Average 17%
India Market Revenue Growth Rate Market Cap Weighted Average 9.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:504908 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:504908 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-03-31 445 48 28
2018-12-31 435 18
2018-09-30 419 16
2018-06-30 410 12
2018-03-31 407 69 1
2017-12-31 401 -8
2017-09-30 388 -15
2017-06-30 369 -22
2017-03-31 342 43 -36
2016-12-31 413 -93
2016-09-30 465 -96
2016-06-30 548 -81

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Duncan Engineering is high growth as no earnings estimate data is available.
  • Unable to determine if Duncan Engineering is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:504908 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Duncan Engineering Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:504908 Past Financials Data
Date (Data in INR Millions) EPS *
2019-03-31 7.52
2018-12-31 4.86
2018-09-30 4.45
2018-06-30 3.16
2018-03-31 0.28
2017-12-31 -2.28
2017-09-30 -4.04
2017-06-30 -6.04
2017-03-31 -9.73
2016-12-31 -25.15
2016-09-30 -25.90
2016-06-30 -21.87

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Duncan Engineering will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Check out Duncan Engineering's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
  2. Duncan Engineering's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Automobiles companies here
  3. Duncan Engineering's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Duncan Engineering's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Duncan Engineering has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Duncan Engineering performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Duncan Engineering's growth in the last year to its industry (Auto Components).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Duncan Engineering has delivered over 20% year on year earnings growth in the past 5 years.
  • Duncan Engineering's 1-year earnings growth exceeds its 5-year average (2584.2% vs 26.2%)
  • Duncan Engineering's earnings growth has exceeded the IN Auto Components industry average in the past year (2584.2% vs 4.8%).
Earnings and Revenue History
Duncan Engineering's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Duncan Engineering Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:504908 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 444.56 27.79 82.67
2018-12-31 434.67 17.92 90.89
2018-09-30 418.89 15.94 86.71
2018-06-30 409.78 11.64 101.60
2018-03-31 407.22 1.04 86.05
2017-12-31 400.68 -8.46 83.50
2017-09-30 388.33 -15.38 82.78
2017-06-30 368.84 -22.34 83.91
2017-03-31 342.13 -35.97 85.21
2016-12-31 413.11 -93.01 103.51
2016-09-30 464.75 -95.66 112.10
2016-06-30 548.10 -80.81 105.07
2016-03-31 364.73 -60.10 101.55
2015-12-31 659.60 -32.83 160.67
2015-09-30 680.01 -41.41 161.51
2015-06-30 691.70 -47.68 163.48
2015-03-31 642.59 -60.48 123.85
2014-12-31 657.46 -22.21 146.18
2014-09-30 663.12 -11.60 142.83
2014-06-30 651.20 -10.63 140.81
2014-03-31 694.00 0.97 141.06
2013-12-31 676.74 -11.83 137.86
2013-06-30 635.75 -5.81 140.34
2013-03-31 622.08 5.09 144.04

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Duncan Engineering has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Duncan Engineering used its assets more efficiently than the IN Auto Components industry average last year based on Return on Assets.
  • Duncan Engineering has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Duncan Engineering's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Auto Components industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Duncan Engineering has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Duncan Engineering's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Duncan Engineering's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Duncan Engineering is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Duncan Engineering's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Duncan Engineering's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Duncan Engineering Company Filings, last reported 3 months ago.

BSE:504908 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 191.85 67.29 20.65
2018-12-31 179.55 73.67 1.38
2018-09-30 179.55 73.67 1.38
2018-06-30 164.80 92.95 1.61
2018-03-31 164.80 92.95 0.64
2017-12-31 162.63 140.67 2.55
2017-09-30 162.63 140.67 2.55
2017-06-30 163.23 146.13 2.84
2017-03-31 163.56 146.13 3.09
2016-12-31 183.69 160.02 5.68
2016-09-30 183.69 160.02 5.68
2016-06-30 222.11 185.88 7.92
2016-03-31 222.11 185.88 7.92
2015-12-31 279.35 169.11 8.93
2015-09-30 279.35 169.11 8.93
2015-06-30 291.41 183.77 5.29
2015-03-31 291.41 183.77 5.12
2014-12-31 320.03 143.13 7.61
2014-09-30 320.03 143.13 7.61
2014-06-30 351.89 162.74 21.44
2014-03-31 351.89 162.74 21.44
2013-12-31
2013-06-30 350.92 178.78 9.98
2013-03-31 350.92 177.95 9.98
  • Duncan Engineering's level of debt (35.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (46.2% vs 35.1% today).
  • Debt is well covered by operating cash flow (71.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.9x coverage).
X
Financial health checks
We assess Duncan Engineering's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Duncan Engineering has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Duncan Engineering's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Duncan Engineering dividends.
If you bought ₹2,000 of Duncan Engineering shares you are expected to receive ₹0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Duncan Engineering's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Duncan Engineering's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:504908 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Auto Components Industry Average Dividend Yield Market Cap Weighted Average of 81 Stocks 1%
India Market Average Dividend Yield Market Cap Weighted Average of 1447 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:504908 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2011-05-18 0.000 0.000
2010-05-26 1.000 0.673
2009-06-01 1.000 0.832

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Duncan Engineering has not reported any payouts.
  • Unable to verify if Duncan Engineering's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Duncan Engineering's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Duncan Engineering has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Duncan Engineering's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Duncan Engineering afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Duncan Engineering has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Duncan Engineering's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Akshat Goenka
COMPENSATION ₹1,987,000
AGE 32
TENURE AS CEO 2.4 years
CEO Bio

Mr. Akshat Goenka has been Managing Director of Duncan Engineering Limited since February 9, 2017. Mr. Goenka is a Co-Founder at DocTalk Solutions India Private Limited. He has been Joint Managing Director of Oriental Carbon & Chemicals Limited since June 01, 2015. He served as Senior Manager of Oriental Carbon & Chemicals Limited April 01, 2012 and served as its Vice President since June 01, 2014. He served a key role in setting up Phase-I and Phase-II of the new Plant of Oriental Carbon & Chemicals Limited for manufacturing Insoluble Sulphur at SEZ Mundra, Gujarat. Over the years, he also contributed in developing an organizational culture that contributes to furthering the Company's commitment to its core values and stimulates continuous improvements. He has been a Director of Duncan Engineering Limited since February 9, 2017. He has been Whole Time Director of Oriental Carbon & Chemicals Limited since May 14, 2015. Mr. Goenka is a Graduate in Economics and International Relations from University of Pennsylvania, USA, an Ivy League Institution.

CEO Compensation
  • Akshat's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Akshat's remuneration is higher than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Duncan Engineering management team in years:

2.4
Average Tenure
44
Average Age
  • The tenure for the Duncan Engineering management team is about average.
Management Team

Akshat Goenka

TITLE
MD & Director
COMPENSATION
₹2M
AGE
32
TENURE
2.4 yrs

K. Raman

TITLE
Chief Financial Officer
AGE
53
TENURE
1.5 yrs

Rajib Gope

TITLE
Compliance Officer & Company Secretary
AGE
43
TENURE
3.7 yrs

Sanjay Kalaskar

TITLE
Deputy General Manager of Operations
AGE
48

Shrikant V.S. Rao

TITLE
Head of sales
AGE
36

Shravan Sapre

TITLE
Vice President of Sales & Marketing
AGE
50

Pravin Desai

TITLE
Manager-HR
AGE
41

Sudhir Passi

TITLE
Regional Head of Sale
AGE
45

Nikhil Ghone

TITLE
Regional Head
AGE
38

C. Babu

TITLE
General Manager
AGE
72
Board of Directors Tenure

Average tenure and age of the Duncan Engineering board of directors in years:

7.3
Average Tenure
69
Average Age
  • The tenure for the Duncan Engineering board of directors is about average.
Board of Directors

J. Goenka

TITLE
Chairman
COMPENSATION
₹40K
AGE
82

Akshat Goenka

TITLE
MD & Director
COMPENSATION
₹2M
AGE
32
TENURE
2.4 yrs

Om Dubey

TITLE
Non Executive Independent Director
COMPENSATION
₹190K
AGE
78
TENURE
7.3 yrs

Arvindbhai Kumar Goenka

TITLE
Non Executive Director
COMPENSATION
₹90K
AGE
57

Nitin Kaul

TITLE
Non Executive Independent Director
COMPENSATION
₹150K
AGE
44
TENURE
7.3 yrs

Brij Tandon

TITLE
Non Executive Independent Director
COMPENSATION
₹190K
AGE
78
TENURE
7.3 yrs

Arti Kant

TITLE
Non Executive Independent Director
COMPENSATION
₹180K
AGE
69
TENURE
4.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Duncan Engineering's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Duncan Engineering has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Duncan Engineering Limited manufactures and trades in industrial pneumatics, and automotive and off-highway tire valves in India and internationally. Its automotive products include tire tube vales, valve accessories, valve extensions, garage and in-plant service equipment, tubeless tire valves, and tire repair products; fluid power and automation products comprise pneumatic and hydraulic cylinders, pneumatic valves, air preparation units, pneumatic accessories, positioners, pneumatic rotary actuators, tubings and fittings, and pneumatic; and valve automation systems. The company’s products are used in various segments of the industry, such as metal, cement, energy and environment printing and packaging, pharma, automotive, machine tools, material handling, process plants, construction machinery, and other general engineering industries. It distributes its products through a network of sales offices and channel partners/distributors. The company was formerly known as Schrader Duncan Limited and changed its name to Duncan Engineering Limited in December 2016. The company was incorporated in 1961 and is headquartered in Pune, India. Duncan Engineering Limited is a subsidiary of Oriental Carbon and Chemicals Limited.

Details
Name: Duncan Engineering Limited
504908
Exchange: BSE
Founded: 1961
₹388,080,000
3,696,000
Website: http://duncanengg.com
Address: Duncan Engineering Limited
F-33, Ranjangaon MIDC,
Karegaon,
Pune,
Maharashtra, 412209,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 504908 Equity Shares Mumbai Stock Exchange IN INR 21. Oct 1996
Number of employees
Current staff
Staff numbers
166
Duncan Engineering employees.
Industry
Auto Parts and Equipment
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/15 12:44
End of day share price update: 2019/07/15 00:00
Last earnings filing: 2019/06/22
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.