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Commercial Engineers & Body Builders Co

NSEI:CEBBCO
Snowflake Description

Mediocre balance sheet with weak fundamentals.

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

Commercial Engineers & Body Builders Co Limited produces and sells vehicle and locomotive bodies in India. The last earnings update was 39 days ago. More info.


Add to Portfolio Compare Print
  • Commercial Engineers & Body Builders Co has significant price volatility in the past 3 months.
CEBBCO Share Price and Events
7 Day Returns
-3.7%
NSEI:CEBBCO
-1.7%
IN Machinery
-0.3%
IN Market
1 Year Returns
44.2%
NSEI:CEBBCO
-11.4%
IN Machinery
3.3%
IN Market
CEBBCO Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Commercial Engineers & Body Builders Co (CEBBCO) -3.7% 2.7% -19.7% 44.2% 24.2% 112.6%
IN Machinery -1.7% 8.2% -2.4% -11.4% 23.9% 128.3%
IN Market -0.3% 6.5% 2.8% 3.3% 42.8% 75.4%
1 Year Return vs Industry and Market
  • CEBBCO outperformed the Machinery industry which returned -11.4% over the past year.
  • CEBBCO outperformed the Market in India which returned 3.3% over the past year.
Price Volatility
CEBBCO
Industry
5yr Volatility vs Market

Value

 Is Commercial Engineers & Body Builders Co 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 Commercial Engineers & Body Builders Co 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 Commercial Engineers & Body Builders Co.

NSEI:CEBBCO 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 21%
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:CEBBCO
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.05
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.052 (1 + (1- 35%) (116.63%))
1.569
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.57
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.569 * 8.6%)
21.05%

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

The calculations below outline how an intrinsic value for Commercial Engineers & Body Builders Co 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:CEBBCO DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 21.05%)
2019 6.90 Est @ 11.09% 5.70
2020 7.59 Est @ 10.03% 5.18
2021 8.29 Est @ 9.28% 4.68
2022 9.02 Est @ 8.76% 4.20
2023 9.78 Est @ 8.4% 3.76
2024 10.57 Est @ 8.14% 3.36
2025 11.42 Est @ 7.97% 3.00
2026 12.31 Est @ 7.84% 2.67
2027 13.26 Est @ 7.75% 2.38
2028 14.29 Est @ 7.69% 2.12
Present value of next 10 years cash flows ₹37.04
NSEI:CEBBCO DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹14.29 × (1 + 7.55%) ÷ (21.05% – 7.55%)
₹113.83
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹113.83 ÷ (1 + 21.05%)10
₹16.85
NSEI:CEBBCO Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹37.04 + ₹16.85
₹53.89
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹53.89 / 89.48
₹0.6
NSEI:CEBBCO Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:CEBBCO represents 0.98595x of BSE:533272
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.98595x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 0.60 x 0.98595
₹0.59
Value per share (INR) From above. ₹0.59
Current discount Discount to share price of ₹21.05
= -1 x (₹21.05 - ₹0.59) / ₹0.59
-3445%

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

  • The current share price of Commercial Engineers & Body Builders Co 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 Commercial Engineers & Body Builders Co's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Commercial Engineers & Body Builders Co's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:CEBBCO PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹-5.23
BSE:533272 Share Price ** BSE (2019-03-22) in INR ₹21.35
India Machinery Industry PE Ratio Median Figure of 141 Publicly-Listed Machinery Companies 18.48x
India Market PE Ratio Median Figure of 2,730 Publicly-Listed Companies 16.29x

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

** Primary Listing of Commercial Engineers & Body Builders Co.

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

= BSE:533272 Share Price ÷ EPS (both in INR)

= 21.35 ÷ -5.23

-4.09x

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

  • Commercial Engineers & Body Builders Co is loss making, we can't compare its value to the IN Machinery industry average.
  • Commercial Engineers & Body Builders Co is loss making, we can't compare the value of its earnings to the India market.
Price based on expected Growth
Does Commercial Engineers & Body Builders Co's expected growth come at a high price?
Raw Data
NSEI:CEBBCO PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -4.09x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
India Machinery Industry PEG Ratio Median Figure of 28 Publicly-Listed Machinery Companies 1.55x
India Market PEG Ratio Median Figure of 595 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 Commercial Engineers & Body Builders Co, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Commercial Engineers & Body Builders Co's assets?
Raw Data
NSEI:CEBBCO PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹-14.53
BSE:533272 Share Price * BSE (2019-03-22) in INR ₹21.35
India Machinery Industry PB Ratio Median Figure of 169 Publicly-Listed Machinery Companies 1.68x
India Market PB Ratio Median Figure of 3,621 Publicly-Listed Companies 1.11x
NSEI:CEBBCO PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:533272 Share Price ÷ Book Value per Share (both in INR)

= 21.35 ÷ -14.53

-1.47x

* Primary Listing of Commercial Engineers & Body Builders Co.

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

  • Commercial Engineers & Body Builders Co has negative assets, we can't compare the value of its assets to the IN Machinery industry average.
X
Value checks
We assess Commercial Engineers & Body Builders Co'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 Machinery 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 Machinery industry average (and greater than 0)? (1 check)
  5. Commercial Engineers & Body Builders Co 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 Commercial Engineers & Body Builders Co 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 Commercial Engineers & Body Builders Co 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
14.1%
Expected Machinery industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Commercial Engineers & Body Builders Co expected to grow at an attractive rate?
  • Unable to compare Commercial Engineers & Body Builders Co's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Commercial Engineers & Body Builders Co's earnings growth to the India market average as no estimate data is available.
  • Unable to compare Commercial Engineers & Body Builders Co's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:CEBBCO Future Growth Rates Data Sources
Data Point Source Value (per year)
India Machinery Industry Earnings Growth Rate Market Cap Weighted Average 14.1%
India Machinery Industry Revenue Growth Rate Market Cap Weighted Average 12.6%
India Market Earnings Growth Rate Market Cap Weighted Average 18.6%
India Market Revenue Growth Rate Market Cap Weighted Average 11.9%

*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:CEBBCO Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 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:CEBBCO Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 2,020 -288
2018-09-30 1,686 -318
2018-06-30 1,285 -359
2018-03-31 972 -8 -369
2017-12-31 786 -339
2017-09-30 701 -348
2017-06-30 891 -333
2017-03-31 1,053 57 -356
2016-12-31 1,103 -1,062
2016-09-30 1,112 -1,077
2016-06-30 1,122 -1,036
2016-03-31 1,082 44 -1,048

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Commercial Engineers & Body Builders Co is high growth as no earnings estimate data is available.
  • Unable to determine if Commercial Engineers & Body Builders Co 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:CEBBCO Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Commercial Engineers & Body Builders Co Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:CEBBCO Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 -5.23
2018-09-30 -5.79
2018-06-30 -6.52
2018-03-31 -6.72
2017-12-31 -6.17
2017-09-30 -6.34
2017-06-30 -6.08
2017-03-31 -6.48
2016-12-31 -19.30
2016-09-30 -19.61
2016-06-30 -18.87
2016-03-31 -19.07

*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 Commercial Engineers & Body Builders Co will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of CEBBCO’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. Commercial Engineers & Body Builders Co'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. Commercial Engineers & Body Builders Co'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 Commercial Engineers & Body Builders Co'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.
Commercial Engineers & Body Builders Co 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 Commercial Engineers & Body Builders Co 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 Commercial Engineers & Body Builders Co's growth in the last year to its industry (Machinery).
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.
  • Commercial Engineers & Body Builders Co does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Commercial Engineers & Body Builders Co's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Commercial Engineers & Body Builders Co's 1-year growth to the IN Machinery industry average as it is not currently profitable.
Earnings and Revenue History
Commercial Engineers & Body Builders Co'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 Commercial Engineers & Body Builders Co Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:CEBBCO Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 2,019.88 -287.64 66.14
2018-09-30 1,685.59 -318.40 59.85
2018-06-30 1,285.50 -359.22 51.45
2018-03-31 971.65 -369.13 53.13
2017-12-31 786.32 -338.77 51.21
2017-09-30 700.67 -348.36 53.16
2017-06-30 890.58 -333.49 56.02
2017-03-31 1,053.37 -356.03 59.33
2016-12-31 1,103.34 -1,061.61 58.48
2016-09-30 1,112.05 -1,077.28 63.01
2016-06-30 1,122.48 -1,035.92 210.81
2016-03-31 1,081.60 -1,047.62 72.95
2015-12-31 1,229.03 -916.91 168.39
2015-09-30 1,261.67 -893.62 170.93
2015-06-30 1,056.83 -940.06 85.21
2015-03-31 1,184.44 -1,025.46 98.33
2014-12-31 1,174.01 -549.96 169.55
2014-09-30 1,284.82 -647.77 173.00
2014-06-30 1,284.13 -718.62 96.08
2014-03-31 1,388.60 -704.31 185.29
2013-12-31 1,410.78 -769.69 318.98
2013-09-30 2,462.84 -465.88 324.94
2013-06-30 3,797.84 -152.19 329.46
2013-03-31 5,029.02 185.06 334.07
2012-12-31 5,981.39 613.55 270.43
2012-09-30 5,925.64 589.16 276.52
2012-06-30 5,500.31 521.21 153.79
2012-03-31 4,686.36 408.02 279.45

*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 Commercial Engineers & Body Builders Co has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if Commercial Engineers & Body Builders Co has efficiently used its assets last year compared to the IN Machinery industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Commercial Engineers & Body Builders Co improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.
X
Past performance checks
We assess Commercial Engineers & Body Builders Co'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 Machinery 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.
Commercial Engineers & Body Builders Co 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 Commercial Engineers & Body Builders Co'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 Commercial Engineers & Body Builders Co's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Commercial Engineers & Body Builders Co's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Commercial Engineers & Body Builders Co's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Commercial Engineers & Body Builders Co'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.
  • Commercial Engineers & Body Builders Co has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
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 Commercial Engineers & Body Builders Co Company Filings, last reported 2 months ago.

NSEI:CEBBCO Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 -797.67 2,228.18 50.27
2018-09-30 -797.67 2,228.18 50.27
2018-06-30 -671.77 509.15 66.41
2018-03-31 -671.77 1,721.80 33.38
2017-12-31 -401.87 1,679.53 2.82
2017-09-30 -401.87 1,679.53 2.82
2017-06-30 -211.87 1,578.27 4.28
2017-03-31 -303.18 1,626.93 4.28
2016-12-31 -28.22 1,704.21 28.13
2016-09-30 -28.22 1,704.21 28.13
2016-06-30 118.64 1,012.73 25.24
2016-03-31 118.64 1,475.16 0.52
2015-12-31 1,009.01 1,309.58 25.01
2015-09-30 1,009.01 1,309.58 25.01
2015-06-30 1,126.26 1,182.28 46.88
2015-03-31 1,126.26 1,397.50 46.88
2014-12-31 1,812.67 1,220.83 117.21
2014-09-30 1,812.67 1,220.83 117.21
2014-06-30 2,061.72 1,212.81 113.02
2014-03-31 2,061.72 1,357.03 113.02
2013-12-31 2,460.44 1,262.96 110.21
2013-09-30 2,460.44 1,262.96 110.21
2013-06-30 2,740.32 1,632.36 339.83
2013-03-31 2,740.32 1,632.36 339.83
2012-12-31 2,926.32 1,208.82 60.31
2012-09-30 2,926.32 1,208.82 60.31
2012-06-30
2012-03-31 2,580.98 1,109.73 57.02
  • Commercial Engineers & Body Builders Co has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Commercial Engineers & Body Builders Co's debt level has increased considering it has negative shareholder equity.
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.

  • Commercial Engineers & Body Builders Co has sufficient cash runway for more than 3 years based on current free cash flow.
  • Commercial Engineers & Body Builders Co has sufficient cash runway for 2.8 years if free cash flow continues to grow at historical rates of 73.4% each year.
X
Financial health checks
We assess Commercial Engineers & Body Builders Co'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. Commercial Engineers & Body Builders Co 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 Commercial Engineers & Body Builders Co'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 Commercial Engineers & Body Builders Co dividends.
If you bought ₹2,000 of Commercial Engineers & Body Builders Co 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 Commercial Engineers & Body Builders Co's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Commercial Engineers & Body Builders Co'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:CEBBCO 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 Machinery Industry Average Dividend Yield Market Cap Weighted Average of 99 Stocks 1.3%
India Market Average Dividend Yield Market Cap Weighted Average of 1399 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 1.9%

Industry and Market average data is calculated daily.

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

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

  • Unable to perform a dividend volatility check as Commercial Engineers & Body Builders Co has not reported any payouts.
  • Unable to verify if Commercial Engineers & Body Builders Co's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Commercial Engineers & Body Builders Co's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Commercial Engineers & Body Builders Co 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 Commercial Engineers & Body Builders Co'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 Commercial Engineers & Body Builders Co afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Commercial Engineers & Body Builders Co 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 Commercial Engineers & Body Builders Co'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
Abhishek Jaiswal
COMPENSATION ₹0
AGE 48
TENURE AS CEO 2.1 years
CEO Bio

Mr. Abhishek Jaiswal has been Executive Director of Commercial Engineers & Body Builders Co Limited since September 14, 2017 and serves as its Chief Executive Officer. Mr. Jaiswal served as Executive Vice President at Commercial Engineers & Body Builders Co Limited. He joined Commercial Engineers & Body Builders in March, 1993. Mr. Jaiswal has over 16 years of experience and was previously employed as a Planning Engineer (Welding Shop) with Kinetic Honda from June, 1990 to March, 1993. He is responsible for overall operations of all units of Commercial Engineers & Body Builders and he functionally oversees production, robotic welding, press shop and CNC machine operations. He holds a graduate degree in Production Engineering.

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

Abhishek Jaiswal

TITLE
CEO & Whole Time Director
AGE
48
TENURE
2.1 yrs

Amit Jain

TITLE
CFO, Compliance Officer & Company Secretary
TENURE
8.3 yrs

Atul Karmarkar

TITLE
Senior General Manager of Railways & New Business Development
COMPENSATION
₹1M
AGE
49

- Deepesh

TITLE
Assistant Company Secretary
Board of Directors Tenure

Average tenure and age of the Commercial Engineers & Body Builders Co board of directors in years:

1.5
Average Tenure
65
Average Age
  • The average tenure for the Commercial Engineers & Body Builders Co board of directors is less than 3 years, this suggests a new board.
Board of Directors

Abhishek Jaiswal

TITLE
CEO & Whole Time Director
AGE
48
TENURE
1.5 yrs

Prakash Gurav

TITLE
Independent Non-Executive Director
COMPENSATION
₹175K
AGE
65
TENURE
4.7 yrs

Manchi Venkat Rao

TITLE
Independent Non-Executive Director
COMPENSATION
₹189K
AGE
70
TENURE
4.7 yrs

Vineeta Shriwani

TITLE
Independent Woman Director
TENURE
1 yrs

Asim Dasgupta

TITLE
Non-Executive Director
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Commercial Engineers & Body Builders Co insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
25. Jan 19 Buy Optifin Invest s.r.o. Company 22. Jan 19 22. Jan 19 6,800,518 ₹15.44 ₹104,999,532
25. Jan 19 Buy Jupiter Forgings & Steel Private Limited Company 22. Jan 19 22. Jan 19 971,504 ₹15.44 ₹14,999,955
25. Jan 19 Buy Jupiter Wagons Limited Company 22. Jan 19 22. Jan 19 40,666,835 ₹15.44 ₹439,997,793
25. Jan 19 Buy Murari Lohia Individual 22. Jan 19 22. Jan 19 5,829,014 ₹15.44 ₹89,999,576
X
Management checks
We assess Commercial Engineers & Body Builders Co'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. Commercial Engineers & Body Builders Co 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

Are Insiders Buying Commercial Engineers & Body Builders Co Limited (NSE:CEBBCO) Stock?

So before you buy or sell Commercial Engineers & Body Builders Co Limited (NSE:CEBBCO), you may well want to know whether insiders have been buying or selling. … Commercial Engineers & Body Builders Co Insider Transactions Over The Last Year. … In any event it's generally a positive if insiders are buying shares at around the current price

Simply Wall St -

Who Are The Largest Shareholders In Commercial Engineers & Body Builders Co Limited (NSE:CEBBCO)?

Insider Ownership Insiders form another group of important ownership types as they manage the company's operations and decide the best use of capital. … Private Company Ownership Potential investors in CEBBCO should also look at another important group of investors: private companies, with a stake of 0.72%, who are primarily invested because of strategic and capital gain interests. … Thus, investors not need worry too much about the consequences of these holdings.Next Steps: With a low level of institutional ownership, investors in CEBBCO need not worry about non-fundamental factors such as ownership structure causing large impact on stock prices.

Simply Wall St -

Should You Be Holding Commercial Engineers & Body Builders Co Limited (NSE:CEBBCO) Right Now?

CEBBCO’s beta indicates it is a stock that investors may find valuable if they want to reduce the overall market risk exposure of their stock portfolio. … This is an interesting conclusion, since both CEBBCO’s size and industry indicates the stock should have a higher beta than it currently has. … However, this is the opposite to what CEBBCO’s actual beta value suggests, which is lower stock volatility relative to the market.

Simply Wall St -

Want To Invest In Commercial Engineers & Body Builders Co Limited (NSE:CEBBCO)? Here's How It Performed Lately

For Commercial Engineers & Body Builders Co, its most recent earnings (trailing twelve month) is -₹338.76M, which, in comparison to the prior year's figure, has become less negative. … NSEI:CEBBCO Income Statement Apr 23rd 18 We can further analyze Commercial Engineers & Body Builders Co's loss by looking at what the industry has been experiencing over the past few years. … Each year, for the last five years Commercial Engineers & Body Builders Co has seen an annual decline in revenue of -35.77%, on average.

Simply Wall St -

What Are The Drivers Of Commercial Engineers & Body Builders Co Limited's (NSE:CEBBCO) Risks?

Generally, an investor should consider two types of risk that impact the market value of CEBBCO. … See our latest analysis for Commercial Engineers & Body Builders Co An interpretation of CEBBCO's beta Commercial Engineers & Body Builders Co's beta of 0.74 indicates that the stock value will be less variable compared to the whole stock market. … CEBBCO’s beta indicates it is a stock that investors may find valuable if they want to reduce the overall market risk exposure of their stock portfolio.

Simply Wall St -

Commercial Engineers & Body Builders Co Limited (NSE:CEBBCO): Is Capital Goods Attractive Relative To NSEI Peers?

Commercial Engineers & Body Builders Co Limited (NSEI:CEBBCO), a INR₹1.13B small-cap, is a machinery manufacturing company operating in an industry which follows trends in industrialization and industry base expansion. … A loose alternative to gauge Commercial Engineers & Body Builders Co’s value is to assume the stock should be relatively in-line with its industry. … However, before you make a decision on the stock, I suggest you look at Commercial Engineers & Body Builders Co’s future cash flows in order to assess whether the stock is trading at a reasonable price, as well as other important fundamentals such as the company’s financial health in order to build a holistic investment thesis.

Simply Wall St -

Who Owns Commercial Engineers & Body Builders Co Limited (NSE:CEBBCO)?

This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions. … Private Company Ownership Potential investors in CEBBCO should also look at another important group of investors: private companies, with a stake of 0.05%, who are primarily invested because of strategic and capital gain interests. … Thus, investors not need worry too much about the consequences of these holdings.What this means for you: Institutional ownership level and composition in CEBBCO is not high nor active enough to significantly impact its investment thesis.

Simply Wall St -

Does Commercial Engineers & Body Builders Co Limited's (NSE:CEBBCO) 67.7% Earnings Growth Make It An Outperformer?

Commercial Engineers & Body Builders Co's latest twelve-month earnings -₹348.4M, which, in comparison to the previous year's figure, has become less negative. … NSEI:CEBBCO Income Statement Dec 19th 17 We can further evaluate Commercial Engineers & Body Builders Co's loss by looking at what has been happening in the industry along with within the company. … Though Commercial Engineers & Body Builders Co's past data is helpful, it is only one aspect of my investment thesis.

Simply Wall St -

Company Info

Description

Commercial Engineers & Body Builders Co Limited produces and sells vehicle and locomotive bodies in India. The company offers tipper and tanker bodies for the mining and road construction sectors; skip-loaders and garbage-bin collectors for solid waste management; water tanker bodies, light recovery vehicle bodies, and garbage tippers for municipal applications; and troop carrier vehicle bodies, prison van bodies, and water bowser bodies for the defense sector. It also provides load cargo bodies; refrigerator-fitted vehicle bodies and containers; and trailer bodies, including for box trailers, tip trailers, skeletal trailers, and flatbed trailers for goods transportation. In addition, the company offers fire engine bodies, ambulance bodies, and vehicle bodies for the transportation of animals. Further, it is involved in the upgradation and refurbishment of railway wagons; and provision of components for locomotives, BOXNR wagons, and EMU coaches, as well as manufacturing of fabricated support structures, towers, components, and parts for equipment, tankages, rollers, machinery, and plants. The company was founded in 1979 and is headquartered in Jabalpur, India.

Details
Name: Commercial Engineers & Body Builders Co Limited
CEBBCO
Exchange: NSEI
Founded: 1979
₹1,910,454,726
89,482,657
Website: http://www.cebbco.com
Address: Commercial Engineers & Body Builders Co Limited
48, Vandana Vihar,
Narmada Road,
Jabalpur,
Madhya Pradesh, 482001,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 533272 Equity Shares Mumbai Stock Exchange IN INR 18. Oct 2010
NSEI CEBBCO Equity Shares National Stock Exchange of India IN INR 18. Oct 2010
Number of employees
Current staff
Staff numbers
0
Commercial Engineers & Body Builders Co employees.
Industry
Construction Machinery and Heavy Trucks
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/24 12:50
End of day share price update: 2019/03/22 00:00
Last earnings filing: 2019/02/13
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


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.