BSE:532282

Stock Analysis Report

Castex Technologies

Executive Summary

Castex Technologies Limited manufactures and sells motor vehicle parts and accessories in India and internationally.

Snowflake

Fundamentals

Worrying balance sheet with weak fundamentals.

Risks

  • Castex Technologies has significant price volatility in the past 3 months.
  • Castex Technologies is not covered by any analysts.

Share Price & News

How has Castex Technologies's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-13.2%

BSE:532282

0.4%

IN Auto Components

-0.5%

IN Market


1 Year Return

-65.3%

BSE:532282

-26.0%

IN Auto Components

-1.8%

IN Market

532282 underperformed the Auto Components industry which returned -27.2% over the past year.

532282 underperformed the Market in India which returned -3.1% over the past year.


Share holder returns

532282IndustryMarket
7 Day-13.2%0.4%-0.5%
30 Day-16.5%-4.1%-2.7%
90 Day-29.8%-14.7%-4.7%
1 Year-65.3%-65.3%-25.6%-26.0%0.07%-1.8%
3 Year-94.6%-94.6%6.6%4.8%29.4%22.9%
5 Year-99.3%-99.3%53.0%48.1%47.8%34.2%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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


In this section, we usually try to help investors determine whether Castex Technologies is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Castex Technologies has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of 532282’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Castex Technologies regulatory filings.
  • Explore potentially undervalued companies in the automobiles industry.

Future Growth

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

13.3%

Forecasted Auto Components 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 Castex Technologies 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 Castex Technologies performed over the past 5 years?

-47.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Castex Technologies does not make a profit and their year on year earnings growth rate was negative over the past 5 years.

Unable to compare Castex Technologies's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Castex Technologies's 1-year growth to the IN Auto Components industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Castex Technologies has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.


Return on Assets

It is difficult to establish if Castex Technologies has efficiently used its assets last year compared to the IN Auto Components industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Castex Technologies improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.


Next Steps

Financial Health

How is Castex Technologies's financial position?


Financial Position Analysis

Castex Technologies's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Castex Technologies's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Castex Technologies has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.

Irrelevant to check if Castex Technologies's debt level has increased considering it has negative shareholder equity.


Balance Sheet

High level of physical assets or inventory.

Castex Technologies has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Castex Technologies has less than a year of cash runway based on current free cash flow.

Castex Technologies has less than a year of cash runway if free cash flow continues to grow at historical rates of 40.7% each year.


Next Steps

Dividend

What is Castex Technologies's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate Castex Technologies's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Castex Technologies's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Castex Technologies has not reported any payouts.

Unable to verify if Castex Technologies's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Castex Technologies 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.


Next Steps

Management

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

2.1yrs

Average board tenure


CEO

Sanjay Arora (53yo)

₹5,428,000

Compensation

Mr. Sanjay Arora has been Whole-Time Director at Castex Technologies Limited March 27, 2017. 


CEO Compensation Analysis

Sanjay's remuneration is higher than average for companies of similar size in India.

Sanjay's compensation has increased whilst company is loss making.


Board Age and Tenure

2.1yrs

Average Tenure

58yo

Average Age

The average tenure for the Castex Technologies board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month individual insider trading information.


Ownership Breakdown


Management Team

  • Sanjay Arora (53yo)

    Whole-Time Director

    • Compensation: 5.43m
  • Ajay Kumar

    Chief Financial Officer

    • Tenure: 1.7yrs
    • Compensation: 2.14m
  • Jyoti Sharma (28yo)

    Company Secretary & Compliance Officer

    • Tenure: 0.3yrs

Board Members

  • Arvind Dham (58yo)

    Non-Executive Director

    • Tenure: 24.5yrs
  • Sanjay Chhabra (59yo)

    Non-Executive Chairman

    • Compensation: 75.00k
  • Sanjiv Bhasin (62yo)

    Non-Executive Director

    • Tenure: 2.4yrs
  • Brajindar Singh (72yo)

    Independent Non-Executive Director

    • Tenure: 1.9yrs
  • Anuradha Kapur (56yo)

    Independent Non-Executive Director

    • Tenure: 1.9yrs
  • Sanjay Arora (53yo)

    Whole-Time Director

    • Tenure: 2.3yrs
    • Compensation: 5.43m
  • Yogesh Kapur (58yo)

    Independent Non-Executive Director

    • Tenure: 1.9yrs

Company Information

Castex Technologies Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Castex Technologies Limited
  • Ticker: 532282
  • Exchange: BSE
  • Founded: 1983
  • Industry: auto parts and equipment
  • Sector: automobiles
  • Market Cap: ₹260.905m
  • Shares outstanding: 378.12m
  • Website: Click here

Number of Employees


Location

  • Castex Technologies Limited
  • 3, Local Shopping Centre
  • Pamposh Enclave
  • New Delhi
  • Delhi
  • 110048
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
532282BSE (Mumbai Stock Exchange)YesEquity SharesININRApr 2004
CASTEXTECHNSEI (National Stock Exchange of India)YesEquity SharesININRApr 2004

Biography

Castex Technologies Limited manufactures and sells motor vehicle parts and accessories in India and internationally. The company offers products for two/three wheelers, passenger cars, light and heavy comm ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/07/15 12:34
End of Day Share Price2019/07/15 00:00
Earnings2019/03/31
Annual Earnings2019/03/31


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.