BSE:504908

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Executive Summary

Duncan Engineering Limited manufactures and trades in industrial pneumatics, and automotive and off-highway tire valves in India and internationally.


Snowflake Analysis

Flawless balance sheet and good value.

Share Price & News

How has Duncan Engineering's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 504908 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.3%

504908

0.6%

IN Auto Components

0.1%

IN Market


1 Year Return

-1.4%

504908

-11.8%

IN Auto Components

-6.1%

IN Market

Return vs Industry: 504908 exceeded the Indian Auto Components industry which returned -11.8% over the past year.

Return vs Market: 504908 exceeded the Indian Market which returned -6.1% over the past year.


Shareholder returns

504908IndustryMarket
7 Day-1.3%0.6%0.1%
30 Day-1.6%8.7%7.6%
90 Day4.4%33.3%19.4%
1 Year-1.4%-1.4%-10.4%-11.8%-4.3%-6.1%
3 Year16.0%16.0%-32.9%-34.9%-2.9%-7.5%
5 Year26.8%26.8%-7.0%-10.9%21.9%12.7%

Price Volatility Vs. Market

How volatile is Duncan Engineering's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Duncan Engineering undervalued compared to its fair value and its price relative to the market?

39.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 504908 (₹98.65) is trading below our estimate of fair value (₹162.24)

Significantly Below Fair Value: 504908 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 504908 is good value based on its PE Ratio (11.2x) compared to the IN Auto Components industry average (15.2x).

PE vs Market: 504908 is good value based on its PE Ratio (11.2x) compared to the Indian market (12.5x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 504908's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 504908 is overvalued based on its PB Ratio (1.6x) compared to the IN Auto Components industry average (1.1x).


Next Steps

Future Growth

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

21.3%

Forecasted Automobiles industry annual growth in earnings


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 SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Duncan Engineering performed over the past 5 years?

63.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 504908 has a large one-off loss of ₹17.4M impacting its March 31 2020 financial results.

Growing Profit Margin: 504908's current net profit margins (7.5%) are higher than last year (6.3%).


Past Earnings Growth Analysis

Earnings Trend: 504908 has become profitable over the past 5 years, growing earnings by 63.7% per year.

Accelerating Growth: 504908's earnings growth over the past year (17.3%) is below its 5-year average (63.7% per year).

Earnings vs Industry: 504908 earnings growth over the past year (17.3%) exceeded the Auto Components industry -29.8%.


Return on Equity

High ROE: 504908's Return on Equity (14.6%) is considered low.


Next Steps

Financial Health

How is Duncan Engineering's financial position?


Financial Position Analysis

Short Term Liabilities: 504908's short term assets (₹167.7M) exceed its short term liabilities (₹96.2M).

Long Term Liabilities: 504908's short term assets (₹167.7M) exceed its long term liabilities (₹6.7M).


Debt to Equity History and Analysis

Debt Level: 504908's debt to equity ratio (3.1%) is considered satisfactory.

Reducing Debt: 504908's debt to equity ratio has reduced from 63.1% to 3.1% over the past 5 years.

Debt Coverage: 504908's debt is well covered by operating cash flow (1054.3%).

Interest Coverage: 504908's interest payments on its debt are well covered by EBIT (75.6x coverage).


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 504908's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 504908's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 504908's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 504908's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 504908 is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 504908's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.4yrs

Average management tenure


CEO

Akshat Goenka (33yo)

3.42yrs

Tenure

₹1,987,000

Compensation

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 ...


CEO Compensation Analysis

Compensation vs Market: Akshat's total compensation ($USD26.44K) is below average for companies of similar size in the Indian market ($USD49.95K).

Compensation vs Earnings: Akshat's compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Akshat Goenka
MD & Director3.42yrs₹1.99mno data
K. Raman
Chief Financial Officer2.5yrsno datano data
Rajib Gope
Compliance Officer & Company Secretary4.67yrsno datano data
Sanjay Kalaskar
Deputy General Manager of Operationsno datano datano data
Shrikant V.S. Rao
Head of salesno datano datano data
Shravan Sapre
Vice President of Sales & Marketingno datano datano data
Pravin Desai
Manager-HRno datano datano data
Sudhir Passi
Regional Head of Saleno datano datano data
Nikhil Ghone
Regional Headno datano datano data
C. Babu
General Managerno datano datano data
Kumar Sumit
Manager of Salesno datano datano data
S. Mavale
no datano datano data

3.4yrs

Average Tenure

45yo

Average Age

Experienced Management: 504908's management team is considered experienced (3.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Akshat Goenka
MD & Director3.42yrs₹1.99mno data
Om Dubey
Non Executive Independent Director8.25yrs₹190.00kno data
Brij Tandon
Non Executive Independent Director8.25yrs₹190.00kno data
Arvindbhai Kumar Goenka
Non Executive Directorno data₹90.00kno data
Nitin Kaul
Non Executive Independent Director 8.25yrs₹150.00kno data
Jagdish Goenka
Chairmanno data₹40.00kno data
Arti Kant
Non Executive Independent Director5.42yrs₹180.00kno data

8.3yrs

Average Tenure

70yo

Average Age

Experienced Board: 504908's board of directors are considered experienced (8.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Duncan Engineering Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Duncan Engineering Limited
  • Ticker: 504908
  • Exchange: BSE
  • Founded: 1961
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Market Cap: ₹364.610m
  • Shares outstanding: 3.70m
  • Website: https://www.duncanengg.com

Number of Employees


Location

  • Duncan Engineering Limited
  • F-33, Ranjangaon MIDC
  • Karegaon
  • Pune
  • Maharashtra
  • 412209
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
504908BSE (Mumbai Stock Exchange)YesEquity SharesININROct 1996

Biography

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 and accessories, high pressure valves and inflating connections, bore valve extensions, tubeless non swivel valves, garage and in-plant service equipment, tubeless tire valves, and tire repair products; and fluid power and automation products comprise pneumatic and hydraulic cylinders, pneumatic valves, air preparation units, pneumatic accessories, positioners, pneumatic rotary actuators, and tubing and fittings. The company also offers valve automation systems, such as rotary actuators, limit switch boxes, solenoid valves, coils, exhaust valves, speed controllers, ball and butterfly valves, and MOR products; and control cards, valve stands, panels, and positioner cylinders. Its products are used in various segments of the industry, such as metal and steel, cement, environment and pollution control, 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. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/14 12:43
End of Day Share Price2020/07/14 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


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.