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ARSS Infrastructure Projects

NSEI:ARSSINFRA
Snowflake Description

Mediocre balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ARSSINFRA
NSEI
₹817M
Market Cap
  1. Home
  2. IN
  3. Capital Goods
Company description

ARSS Infrastructure Projects Limited executes contracts of various infrastructure projects in India. The last earnings update was 50 days ago. More info.


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  • ARSS Infrastructure Projects has significant price volatility in the past 3 months.
ARSSINFRA Share Price and Events
7 Day Returns
-3.1%
NSEI:ARSSINFRA
-3.3%
IN Construction
0.5%
IN Market
1 Year Returns
82.2%
NSEI:ARSSINFRA
2.2%
IN Construction
-2.1%
IN Market
ARSSINFRA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
ARSS Infrastructure Projects (ARSSINFRA) -3.1% -1.4% -43.2% 82.2% -64.1% -39.8%
IN Construction -3.3% -4.8% -0.3% 2.2% 24.2% 29%
IN Market 0.5% -2.2% -4.1% -2.1% 23.5% 34.2%
1 Year Return vs Industry and Market
  • ARSSINFRA outperformed the Construction industry which returned 2.2% over the past year.
  • ARSSINFRA outperformed the Market in India which returned -2.1% over the past year.
Price Volatility
ARSSINFRA
Industry
5yr Volatility vs Market
Related Companies

Value

 Is ARSS Infrastructure Projects 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 ARSS Infrastructure Projects 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 ARSS Infrastructure Projects.

NSEI:ARSSINFRA 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 24.8%
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 NSEI:ARSSINFRA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Construction Unlevered Beta Simply Wall St/ S&P Global 1.04
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.042 (1 + (1- 35%) (2171.71%))
10.887
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (2 * 8.6%)
24.75%

Discounted Cash Flow Calculation for NSEI:ARSSINFRA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for ARSS Infrastructure Projects 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.

NSEI:ARSSINFRA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 24.75%)
2020 124.57 Est @ 9.78% 99.86
2021 135.93 Est @ 9.11% 87.34
2022 147.68 Est @ 8.64% 76.07
2023 159.96 Est @ 8.32% 66.05
2024 172.89 Est @ 8.09% 57.22
2025 186.60 Est @ 7.93% 49.51
2026 201.18 Est @ 7.81% 42.78
2027 216.73 Est @ 7.73% 36.95
2028 233.38 Est @ 7.68% 31.89
2029 251.21 Est @ 7.64% 27.52
Present value of next 10 years cash flows ₹575.19
NSEI:ARSSINFRA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ₹251.21 × (1 + 7.55%) ÷ (24.75% – 7.55%)
₹1,570.77
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹1,570.77 ÷ (1 + 24.75%)10
₹172.07
NSEI:ARSSINFRA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹575.19 + ₹172.07
₹747.26
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹747.26 / 22.74
₹32.86
NSEI:ARSSINFRA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:ARSSINFRA represents 0.99572x of BSE:533163
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99572x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 32.86 x 0.99572
₹32.72
Value per share (INR) From above. ₹32.72
Current discount Discount to share price of ₹34.90
= -1 x (₹34.90 - ₹32.72) / ₹32.72
-6.7%

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

  • The current share price of ARSS Infrastructure Projects 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 ARSS Infrastructure Projects's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are ARSS Infrastructure Projects's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:ARSSINFRA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in INR ₹-5.20
BSE:533163 Share Price ** BSE (2019-07-17) in INR ₹35.05
India Construction Industry PE Ratio Median Figure of 93 Publicly-Listed Construction Companies 14.02x
India Market PE Ratio Median Figure of 2,835 Publicly-Listed Companies 14.79x

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

** Primary Listing of ARSS Infrastructure Projects.

NSEI:ARSSINFRA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:533163 Share Price ÷ EPS (both in INR)

= 35.05 ÷ -5.20

-6.74x

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

  • ARSS Infrastructure Projects is loss making, we can't compare its value to the IN Construction industry average.
  • ARSS Infrastructure Projects is loss making, we can't compare the value of its earnings to the India market.
Price based on expected Growth
Does ARSS Infrastructure Projects's expected growth come at a high price?
Raw Data
NSEI:ARSSINFRA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -6.74x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
India Construction Industry PEG Ratio Median Figure of 27 Publicly-Listed Construction Companies 0.88x
India Market PEG Ratio Median Figure of 536 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 ARSS Infrastructure Projects, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on ARSS Infrastructure Projects's assets?
Raw Data
NSEI:ARSSINFRA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in INR ₹9.00
BSE:533163 Share Price * BSE (2019-07-17) in INR ₹35.05
India Construction Industry PB Ratio Median Figure of 121 Publicly-Listed Construction Companies 0.82x
India Market PB Ratio Median Figure of 3,670 Publicly-Listed Companies 0.95x
NSEI:ARSSINFRA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:533163 Share Price ÷ Book Value per Share (both in INR)

= 35.05 ÷ 9.00

3.89x

* Primary Listing of ARSS Infrastructure Projects.

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

  • ARSS Infrastructure Projects is overvalued based on assets compared to the IN Construction industry average.
X
Value checks
We assess ARSS Infrastructure Projects'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 Construction 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 Construction industry average (and greater than 0)? (1 check)
  5. ARSS Infrastructure Projects has a total score of 0/6, 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 ARSS Infrastructure Projects 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 ARSS Infrastructure Projects 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
13.4%
Expected Construction industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is ARSS Infrastructure Projects expected to grow at an attractive rate?
  • Unable to compare ARSS Infrastructure Projects's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare ARSS Infrastructure Projects's earnings growth to the India market average as no estimate data is available.
  • Unable to compare ARSS Infrastructure Projects's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:ARSSINFRA Future Growth Rates Data Sources
Data Point Source Value (per year)
India Construction Industry Earnings Growth Rate Market Cap Weighted Average 13.4%
India Construction Industry Revenue Growth Rate Market Cap Weighted Average 10.7%
India Market Earnings Growth Rate Market Cap Weighted Average 16.9%
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
NSEI:ARSSINFRA 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.
NSEI:ARSSINFRA Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-03-31 4,591 -118
2018-03-31 5,843 221 -584
2017-03-31 8,367 -1,574 -3,326

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if ARSS Infrastructure Projects is high growth as no earnings estimate data is available.
  • Unable to determine if ARSS Infrastructure Projects 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
NSEI:ARSSINFRA 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 ARSS Infrastructure Projects Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:ARSSINFRA Past Financials Data
Date (Data in INR Millions) EPS *
2019-03-31 -5.20
2018-03-31 -29.35
2017-03-31 -224.10

*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 ARSS Infrastructure Projects will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of ARSSINFRA’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.
  2. ARSS Infrastructure Projects'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 Capital Goods companies here
  3. ARSS Infrastructure Projects'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 ARSS Infrastructure Projects'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.
ARSS Infrastructure Projects 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 ARSS Infrastructure Projects 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 ARSS Infrastructure Projects's growth in the last year to its industry (Construction).
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.
  • ARSS Infrastructure Projects does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare ARSS Infrastructure Projects's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare ARSS Infrastructure Projects's 1-year growth to the IN Construction industry average as it is not currently profitable.
Earnings and Revenue History
ARSS Infrastructure Projects'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 ARSS Infrastructure Projects Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:ARSSINFRA 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 4,591.00 -118.10 264.70
2018-03-31 5,843.40 -584.20 311.20
2017-03-31 8,366.50 -3,326.40 306.10
2016-03-31 6,233.00 50.17 309.36
2015-03-31 6,609.84 62.21
2014-03-31 9,082.52 16.68

*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.
  • It is difficult to establish if ARSS Infrastructure Projects has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • ARSS Infrastructure Projects used its assets less efficiently than the IN Construction industry average last year based on Return on Assets.
  • It is difficult to establish if ARSS Infrastructure Projects improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess ARSS Infrastructure Projects'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 Construction 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.
ARSS Infrastructure Projects has a total score of 0/6, 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 ARSS Infrastructure Projects'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 ARSS Infrastructure Projects's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • ARSS Infrastructure Projects's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • ARSS Infrastructure Projects's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of ARSS Infrastructure Projects'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.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.2x 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 ARSS Infrastructure Projects Company Filings, last reported 3 months ago.

NSEI:ARSSINFRA Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 204.80 17,752.20 1,013.90
2018-03-31 322.40 17,576.40 651.00
2017-03-31 306.80 17,799.70 169.80
2016-03-31 3,821.56 19,409.90 760.26
2015-03-31
2014-03-31
  • ARSS Infrastructure Projects's level of debt (8668.1%) compared to net worth is high (greater than 40%).
  • Unable to establish if ARSS Infrastructure Projects's debt level has increased without past 5-year debt data.
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.

  • Whilst loss making ARSS Infrastructure Projects has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making ARSS Infrastructure Projects has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 66.6% per year.
X
Financial health checks
We assess ARSS Infrastructure Projects'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. ARSS Infrastructure Projects has a total score of 3/6, 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 ARSS Infrastructure Projects'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 ARSS Infrastructure Projects dividends.
If you bought ₹2,000 of ARSS Infrastructure Projects 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 ARSS Infrastructure Projects's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate ARSS Infrastructure Projects'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
NSEI:ARSSINFRA 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 Construction Industry Average Dividend Yield Market Cap Weighted Average of 48 Stocks 1.2%
India Market Average Dividend Yield Market Cap Weighted Average of 1446 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.

NSEI:ARSSINFRA Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2012-05-14 0.000 0.000
2011-09-26 1.000 0.697
2010-04-27 2.000 0.308
2010-03-25 2.000 0.175

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

  • Unable to perform a dividend volatility check as ARSS Infrastructure Projects has not reported any payouts.
  • Unable to verify if ARSS Infrastructure Projects's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of ARSS Infrastructure Projects's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as ARSS Infrastructure Projects 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 ARSS Infrastructure Projects'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 ARSS Infrastructure Projects afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. ARSS Infrastructure Projects 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 ARSS Infrastructure Projects'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
Sunil Agarwal
COMPENSATION ₹0
AGE 43
TENURE AS CEO 11.7 years
CEO Bio

Mr. Sunil Agarwal has been the Chief Executive Officer and President at ARSS Infrastructure Projects Limited since November 1, 2007. Mr. Agarwal joined ARSS Infrastructure Projects Limited in April 2005. He has 10 years of work experience in the field of construction. Previously, he was associated with M/s. Hindustan Construction, M/s. ARSS Construction Company and M/s ARSS Engineering and Technology. Mr. Agarwal is a commerce graduate from Utkal University.

CEO Compensation
  • Insufficient data for Sunil to compare compensation growth.
  • Sunil's remuneration is lower than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the ARSS Infrastructure Projects management team in years:

11.7
Average Tenure
50
Average Age
  • The average tenure for the ARSS Infrastructure Projects management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Subash Agarwal

TITLE
Executive Chairman
COMPENSATION
₹3M
AGE
54

Sunil Agarwal

TITLE
President & CEO
AGE
43
TENURE
11.7 yrs

Rajesh Agarwal

TITLE
MD & Executive Director
COMPENSATION
₹3M
AGE
46
TENURE
12.8 yrs

Soumendra Pattanaik

TITLE
Chief Financial Officer
COMPENSATION
₹3M
AGE
49
TENURE
4.3 yrs

Anil Agarwal

TITLE
Senior VP & COO
AGE
50
TENURE
11.7 yrs

Rasmi Singh

TITLE
General Manager of Finance & Accounts
AGE
47

Prakash Chhajer

TITLE
Company Secretary & Compliance Officer
TENURE
0.2 yrs

Shiv Singla

TITLE
Project Head and Vice President
AGE
54

C. Soni

TITLE
Senior Vice President of Projects
COMPENSATION
₹1M
AGE
58

P. Mithivanan

TITLE
Head of Asset Management
AGE
69
Board of Directors Tenure

Average tenure and age of the ARSS Infrastructure Projects board of directors in years:

6
Average Tenure
58
Average Age
  • The tenure for the ARSS Infrastructure Projects board of directors is about average.
Board of Directors

Subash Agarwal

TITLE
Executive Chairman
COMPENSATION
₹3M
AGE
54
TENURE
5.8 yrs

Rajesh Agarwal

TITLE
MD & Executive Director
COMPENSATION
₹3M
AGE
46
TENURE
19.2 yrs

Swarup Parija

TITLE
Independent Non-Executive Director
COMPENSATION
₹480K
AGE
78
TENURE
11.7 yrs

Krishna Raut

TITLE
Nominee Director
COMPENSATION
₹460K
AGE
73
TENURE
6.2 yrs

Pareswar Panda

TITLE
Independent Director
COMPENSATION
₹240K
AGE
62
TENURE
1.9 yrs

Janhabi Deo

TITLE
Women Independent Director
COMPENSATION
₹100K
AGE
49
TENURE
1.7 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 ARSS Infrastructure Projects'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. ARSS Infrastructure Projects 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

Estimating The Fair Value Of ARSS Infrastructure Projects Limited (NSE:ARSSINFRA)

Today, we will estimate the stock's intrinsic value by projecting its future cash flows and then discounting them to today's value. … A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we discount the value of these future cash flows to their estimated value in today's dollars: 10-year free cash flow (FCF) estimate 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Levered FCF (₹, Millions) ₹124.7m ₹136.1m ₹147.9m ₹160.2m ₹173.2m ₹187.0m ₹201.6m ₹217.2m ₹233.9m ₹251.8m Growth Rate Estimate Source Est @ 9.86% Est @ 9.17% Est @ 8.68% Est @ 8.34% Est @ 8.1% Est @ 7.94% Est @ 7.82% Est @ 7.74% Est @ 7.68% Est @ 7.64% Present Value (₹, Millions) Discounted @ 24.75% ₹99.9 ₹87.4 ₹76.2 ₹66.2 ₹57.3 ₹49.6 ₹42.9 ₹37.0 ₹32.0 ₹27.6 ("Est" = FCF growth rate estimated by Simply Wall St) Present Value of 10-year Cash Flow (PVCF)= ₹576.1m We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. … Terminal Value (TV) = FCF2029 × (1 + g) ÷ (r – g) = ₹252m × (1 + 7.6%) ÷ (24.8% – 7.6%) = ₹1.6b Present Value of Terminal Value (PVTV) = TV / (1 + r)10 = ₹₹1.6b ÷ ( 1 + 24.8%)10 = ₹172.46m The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is ₹748.56m.

Simply Wall St -

Did You Manage To Avoid ARSS Infrastructure Projects's (NSE:ARSSINFRA) 39% Share Price Drop?

At this point some shareholders may be questioning their investment in ARSS Infrastructure Projects Limited (NSE:ARSSINFRA), since the last five years saw the share price fall 39%. … Check out our latest analysis for ARSS Infrastructure Projects Given that ARSS Infrastructure Projects didn't make a profit in the last twelve months, we'll focus on revenue growth to form a quick view of its business development. … In the last five years ARSS Infrastructure Projects saw its revenue shrink by 9.5% per year.

Simply Wall St -

How Does ARSS Infrastructure Projects Limited (NSE:ARSSINFRA) Affect Your Portfolio Volatility?

In finance, Beta is a measure of volatility. … Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility).

Simply Wall St -

Do Directors Own ARSS Infrastructure Projects Limited (NSE:ARSSINFRA) Shares?

The big shareholder groups in ARSS Infrastructure Projects Limited (NSE:ARSSINFRA) have power over the company. … ARSS Infrastructure Projects is a smaller company with a market capitalization of ₹869m, so it may still be flying under the radar of many institutional investors. … See our latest analysis for ARSS Infrastructure Projects

Simply Wall St -

Does The ARSS Infrastructure Projects Limited (NSE:ARSSINFRA) Share Price Tend To Follow The Market?

If you're interested in ARSS Infrastructure Projects Limited (NSE:ARSSINFRA), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … The first thing to understand about beta is that the beta of the overall market is one.

Simply Wall St -

Do Institutions Own ARSS Infrastructure Projects Limited (NSE:ARSSINFRA) Shares?

A look at the shareholders of ARSS Infrastructure Projects Limited (NSE:ARSSINFRA) can tell us which group is most powerful. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … ARSS Infrastructure Projects is a smaller company with a market capitalization of US$541m, so it may still be flying under the radar of many institutional investors.

Simply Wall St -

How Financially Strong Is ARSS Infrastructure Projects Limited (NSE:ARSSINFRA)?

Investors are always looking for growth in small-cap stocks like ARSS Infrastructure Projects Limited (NSE:ARSSINFRA), with a market cap of ₹638.94m. … However, an important fact which most ignore is: how financially healthy is the business?

Simply Wall St -

When Will ARSS Infrastructure Projects Limited (NSE:ARSSINFRA) Come Back To Market?

View our latest analysis for ARSS Infrastructure Projects What is cash burn? … NSEI:ARSSINFRA Income Statement May 1st 18 When will ARSS Infrastructure Projects need to raise more cash? … However, according to my analysis, if ARSS Infrastructure Projects continues to grow at this rate, it will burn through its cash reserves by the next 2.2 years, and may be coming to market again.

Simply Wall St -

Who Are The Major Shareholders Of ARSS Infrastructure Projects Limited (NSE:ARSSINFRA)?

Today, I will be analyzing ARSS Infrastructure Projects Limited’s (NSEI:ARSSINFRA) recent ownership structure, an important but not-so-popular subject among individual investors. … Private Company Ownership Another important group of owners for potential investors in ARSSINFRA are private companies that hold a stake of 25.11% in ARSSINFRA. … Thus, potential investors should look into these business relations and check how it can impact long-term shareholder returns.Next Steps: The company's high institutional ownership makes margin of safety a very important consideration to existing investors since long bull and bear trends often emerge when these big-ticket investors see a change in long-term potential of the company.

Simply Wall St -

Is ARSS Infrastructure Projects Limited's (NSE:ARSSINFRA) Balance Sheet A Threat To Its Future?

With this reduction in debt, the current cash and short-term investment levels stands at ₹750.49M for investing into the business. … Since total debt levels have outpaced equities, ARSSINFRA is a highly leveraged company. … Furthermore, its cash flow coverage of less than a quarter of debt means that operating efficiency could also be an issue.

Simply Wall St -

Company Info

Description

ARSS Infrastructure Projects Limited executes contracts of various infrastructure projects in India. The company undertakes construction of railways, road, urban, marine, power, bridge, and irrigation projects. It primarily serves government, public sector undertakings, and other government agencies. The company was formerly known as ARSS Stones Pvt. Ltd. and changed its name to ARSS Infrastructure Projects Limited in April 2006. ARSS Infrastructure Projects Limited was founded in 2000 and is based in New Delhi, India.

Details
Name: ARSS Infrastructure Projects Limited
ARSSINFRA
Exchange: NSEI
Founded: 2000
₹817,429,877
22,737,966
Website: http://www.arssgroup.in
Address: ARSS Infrastructure Projects Limited
ARSS Mall, Plot No-40,
Community Centre, Block-A,
New Delhi,
Delhi, 110063,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 533163 Equity Shares Mumbai Stock Exchange IN INR 03. Mar 2010
NSEI ARSSINFRA Equity Shares National Stock Exchange of India IN INR 03. Mar 2010
Number of employees
Current staff
Staff numbers
0
ARSS Infrastructure Projects employees.
Industry
Construction and Engineering
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/17 12:53
End of day share price update: 2019/07/17 00:00
Last earnings filing: 2019/05/28
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.