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Emkay Taps and Cutting Tools

NSEI:EMKAYTOOLS
Snowflake Description

Flawless balance sheet and undervalued.

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

Emkay Taps and Cutting Tools Limited manufactures and sells taps and cutting tools primarily for the automobile and electrical fittings industry in India. The last earnings update was 189 days ago. More info.


Add to Portfolio Compare Print
  • Emkay Taps and Cutting Tools has significant price volatility in the past 3 months.
EMKAYTOOLS Share Price and Events
7 Day Returns
1%
NSEI:EMKAYTOOLS
0.4%
IN Machinery
1%
IN Market
1 Year Returns
40.8%
NSEI:EMKAYTOOLS
-22%
IN Machinery
-8.2%
IN Market
EMKAYTOOLS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Emkay Taps and Cutting Tools (EMKAYTOOLS) 1% -35.8% - 40.8% - -
IN Machinery 0.4% -6.9% -7.7% -22% 27.1% 141.7%
IN Market 1% -2.2% -1.2% -8.2% 46.7% 78.8%
1 Year Return vs Industry and Market
  • EMKAYTOOLS outperformed the Machinery industry which returned -22% over the past year.
  • EMKAYTOOLS outperformed the Market in India which returned -8.2% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is Emkay Taps and Cutting Tools 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 Emkay Taps and Cutting Tools 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    Our calculation method for this is changing soon.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Emkay Taps and Cutting Tools.

NSEI:EMKAYTOOLS 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 13.5%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

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

Calculation of Discount Rate/ Cost of Equity for NSEI:EMKAYTOOLS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 7.5%
Machinery Unlevered Beta Simply Wall St/ S&P Global 0.4
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.402 (1 + (1- 35%) (3.14%))
0.41
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.8 * 7.45%)
13.51%

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

The calculations below outline how an intrinsic value for Emkay Taps and Cutting Tools is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

NSEI:EMKAYTOOLS DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (INR, Millions) 226.74 257.57 292.60 332.39 377.60
Source Est @ 13.6% Est @ 13.6% Est @ 13.6% Est @ 13.6% Est @ 13.6%
Present Value
Discounted (@ 13.51%)
199.75 199.91 200.07 200.22 200.38
Present value of next 5 years cash flows ₹1,000.33
NSEI:EMKAYTOOLS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= ₹377.60 × (1 + 7.55%) ÷ (13.51% – 7.55%)
₹6,813.88
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= ₹6,813.88 ÷ (1 + 13.51%)5
₹3,615.96
NSEI:EMKAYTOOLS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= ₹1,000.33 + ₹3,615.96
₹4,616.29
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹4,616.29 / 10.67
₹432.59
NSEI:EMKAYTOOLS Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹432.59
Current discount Discount to share price of ₹127.55
= -1 x (₹127.55 - ₹432.59) / ₹432.59
70.5%

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

Current Discount
Amount off the current price Emkay Taps and Cutting Tools is available for.
Intrinsic value
>50%
Share price is ₹127.55 vs Future cash flow value of ₹432.59
Current Discount Checks
For Emkay Taps and Cutting Tools to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Emkay Taps and Cutting Tools's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Emkay Taps and Cutting Tools's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Emkay Taps and Cutting Tools's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Emkay Taps and Cutting Tools's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:EMKAYTOOLS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-03-31) in INR ₹18.64
NSEI:EMKAYTOOLS Share Price ** NSEI (2019-02-22) in INR ₹127.55
India Machinery Industry PE Ratio Median Figure of 140 Publicly-Listed Machinery Companies 17.91x
India Market PE Ratio Median Figure of 2,709 Publicly-Listed Companies 15.49x

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

** Primary Listing of Emkay Taps and Cutting Tools.

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

= NSEI:EMKAYTOOLS Share Price ÷ EPS (both in INR)

= 127.55 ÷ 18.64

6.84x

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

  • Emkay Taps and Cutting Tools is good value based on earnings compared to the IN Machinery industry average.
  • Emkay Taps and Cutting Tools is good value based on earnings compared to the India market.
Price based on expected Growth
Does Emkay Taps and Cutting Tools's expected growth come at a high price?
Raw Data
NSEI:EMKAYTOOLS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.84x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
3.2%per year
India Machinery Industry PEG Ratio Median Figure of 27 Publicly-Listed Machinery Companies 1.55x
India Market PEG Ratio Median Figure of 607 Publicly-Listed Companies 1.15x

*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 Emkay Taps and Cutting Tools, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Emkay Taps and Cutting Tools's assets?
Raw Data
NSEI:EMKAYTOOLS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-03-31) in INR ₹97.39
NSEI:EMKAYTOOLS Share Price * NSEI (2019-02-22) in INR ₹127.55
India Machinery Industry PB Ratio Median Figure of 168 Publicly-Listed Machinery Companies 1.55x
India Market PB Ratio Median Figure of 3,588 Publicly-Listed Companies 1.05x
NSEI:EMKAYTOOLS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NSEI:EMKAYTOOLS Share Price ÷ Book Value per Share (both in INR)

= 127.55 ÷ 97.39

1.31x

* Primary Listing of Emkay Taps and Cutting Tools.

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

  • Emkay Taps and Cutting Tools is good value based on assets compared to the IN Machinery industry average.
X
Value checks
We assess Emkay Taps and Cutting Tools'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. Emkay Taps and Cutting Tools has a total score of 5/6, 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 Emkay Taps and Cutting Tools expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Emkay Taps and Cutting Tools, future earnings growth has been estimated based on fundamentals.
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
3.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Emkay Taps and Cutting Tools expected to grow at an attractive rate?
  • Emkay Taps and Cutting Tools's earnings growth is positive but not above the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Emkay Taps and Cutting Tools's earnings growth is positive but not above the India market average.
  • Unable to compare Emkay Taps and Cutting Tools's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:EMKAYTOOLS Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:EMKAYTOOLS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 3.2%
India Machinery Industry Earnings Growth Rate Market Cap Weighted Average 14.1%
India Machinery Industry Revenue Growth Rate Market Cap Weighted Average 12.9%
India Market Earnings Growth Rate Market Cap Weighted Average 18.6%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*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:EMKAYTOOLS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (10 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:EMKAYTOOLS Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-03-31 600 192 199
2017-03-31 467 117 118
2016-03-31 465 52 140

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Emkay Taps and Cutting Tools's earnings are expected to grow by 3.2% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Emkay Taps and Cutting Tools 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:EMKAYTOOLS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (10 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Emkay Taps and Cutting Tools Company Filings, last reported 10 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:EMKAYTOOLS Past Financials Data
Date (Data in INR Millions) EPS *
2018-03-31 18.64
2017-03-31 11.10
2016-03-31 13.16

*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 Emkay Taps and Cutting Tools will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Emkay Taps and Cutting Tools'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.
Emkay Taps and Cutting Tools 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 Emkay Taps and Cutting Tools performed over the past 5 years?

  • Emkay Taps and Cutting Tools's last earnings update was 189 days ago.
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 Emkay Taps and Cutting Tools'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.
  • Emkay Taps and Cutting Tools has delivered over 20% year on year earnings growth in the past 5 years.
  • Emkay Taps and Cutting Tools's 1-year earnings growth exceeds its 5-year average (67.8% vs 24.6%)
  • Emkay Taps and Cutting Tools's earnings growth has exceeded the IN Machinery industry average in the past year (67.8% vs 35.8%).
Earnings and Revenue History
Emkay Taps and Cutting Tools'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 Emkay Taps and Cutting Tools Company Filings, last reported 10 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:EMKAYTOOLS Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-03-31 600.11 198.88 77.37
2017-03-31 466.58 118.49 64.44
2016-03-31 465.29 140.46 56.12
2015-03-31 401.16 108.37 52.03
2014-03-31 299.70 57.39 38.56
2013-03-31 309.65 49.17 18.61
2012-03-31 346.51 83.45 14.01

*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.
  • Emkay Taps and Cutting Tools has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Emkay Taps and Cutting Tools used its assets more efficiently than the IN Machinery industry average last year based on Return on Assets.
  • Emkay Taps and Cutting Tools's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Emkay Taps and Cutting Tools'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.
Emkay Taps and Cutting Tools has a total score of 4/6, 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 Emkay Taps and Cutting Tools'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 Emkay Taps and Cutting Tools's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Emkay Taps and Cutting Tools is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Emkay Taps and Cutting Tools's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Emkay Taps and Cutting Tools's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

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

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

All data from Emkay Taps and Cutting Tools Company Filings, last reported 10 months ago.

NSEI:EMKAYTOOLS Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-03-31 1,039.27 42.73 11.96
2017-03-31 844.55 51.05 9.61
2016-03-31 723.58 22.68 16.52
2015-03-31 580.24 16.69 18.63
2014-03-31 495.57 18.57 9.36
2013-03-31 433.97 18.26 13.91
2012-03-31 384.80 53.48 5.15
  • Emkay Taps and Cutting Tools's level of debt (4.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (4.2% vs 4.1% today).
  • Debt is well covered by operating cash flow (449.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 63.2x coverage).
X
Financial health checks
We assess Emkay Taps and Cutting Tools'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. Emkay Taps and Cutting Tools has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

Dividends

 What is Emkay Taps and Cutting Tools'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
0.39%
Current annual income from Emkay Taps and Cutting Tools dividends.
If you bought ₹2,000 of Emkay Taps and Cutting Tools shares you are expected to receive ₹8 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?
  • Emkay Taps and Cutting Tools's pays a lower dividend yield than the bottom 25% of dividend payers in India (0.55%).
  • Emkay Taps and Cutting Tools's dividend is below the markets top 25% of dividend payers in India (2.04%).
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:EMKAYTOOLS 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 1.4%
India Market Average Dividend Yield Market Cap Weighted Average of 1397 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%

Industry and Market average data is calculated daily.

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

NSEI:EMKAYTOOLS Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-08-20 0.500 0.289
2018-05-29 0.500 0.350
2017-10-11 0.333 0.347

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

  • It is too early to tell whether Emkay Taps and Cutting Tools has stable dividend payments.
  • Emkay Taps and Cutting Tools only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Emkay Taps and Cutting Tools's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (37.3x coverage).
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 Emkay Taps and Cutting Tools'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 Emkay Taps and Cutting Tools afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Emkay Taps and Cutting Tools has a total score of 1/6, 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 Emkay Taps and Cutting Tools'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
Ajay Kanoria
COMPENSATION ₹11,269,790
AGE 61
TENURE AS CEO 10.6 years
CEO Bio

Mr. Ajayprakash Kanoria, also known as Ajay has been the Chairman and Managing Director of Emkay Taps and Cutting Tools Limited since July 17, 2008. Mr. Kanoria has an experience of 35 years in the cutting tools industry. He has acquired the technical expertise from his father when he joined his family business. Mr. Kanoria is guiding force behind the strategic decisions of Emkay Taps and Cutting Tools and looks after the all prominent activities of it including but not limited to planning and formulating the overall business strategy and developing business relations. He is one of the Promoters of Emkay Taps and Cutting Tools Limited. Mr. Kanoria has been Director of Emkay Taps and Cutting Tools Limited since July 27, 1995. Mr. Kanoria holds a Bachelor‘s degree in Commerce from Nagpur University and has also passed intermediate level of Chartered Accountancy course.

CEO Compensation
  • Ajay's compensation has increased by more than 20% in the past year.
  • Ajay's remuneration is higher than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Emkay Taps and Cutting Tools management team in years:

3.8
Average Tenure
57
Average Age
  • The tenure for the Emkay Taps and Cutting Tools management team is about average.
Management Team

Ajay Kanoria

TITLE
Chairman & MD
COMPENSATION
₹11M
AGE
61
TENURE
10.6 yrs

Vishnu Sontakke

TITLE
Chief Financial Officer
COMPENSATION
₹494K
AGE
55
TENURE
3.8 yrs

Shruti Sohane

TITLE
Compliance Officer & Company Secretary
COMPENSATION
₹346K
AGE
29
TENURE
3.8 yrs

Alka Kanoria

TITLE
Whole-Time Director
COMPENSATION
₹6M
AGE
59
Board of Directors Tenure

Average tenure and age of the Emkay Taps and Cutting Tools board of directors in years:

3.8
Average Tenure
60
Average Age
  • The tenure for the Emkay Taps and Cutting Tools board of directors is about average.
Board of Directors

Ajay Kanoria

TITLE
Chairman & MD
COMPENSATION
₹11M
AGE
61
TENURE
10.6 yrs

Alka Kanoria

TITLE
Whole-Time Director
COMPENSATION
₹6M
AGE
59
TENURE
10.6 yrs

Mahesh Mor

TITLE
Independent Non-Executive Director
COMPENSATION
₹22K
AGE
61
TENURE
3.8 yrs

Ravindra Loiya

TITLE
Non Executive Independent Director
COMPENSATION
₹9K
AGE
50
TENURE
3.8 yrs

P. Ramachandran

TITLE
Non Executive Independent Director
COMPENSATION
₹10K
TENURE
2.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
06. Mar 18 Sell Ajayprakash Kanoria Individual 05. Mar 18 06. Mar 18 -19,200 ₹84.02 ₹-1,613,199
01. Mar 18 Sell Ajayprakash Kanoria Individual 28. Feb 18 01. Mar 18 -4,800 ₹81.17 ₹-389,600
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Management checks
We assess Emkay Taps and Cutting Tools'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. Emkay Taps and Cutting Tools 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

What Kind Of Shareholder Appears On The Emkay Taps and Cutting Tools Limited's (NSE:EMKAYTOOLS) Shareholder Register?

The big shareholder groups in Emkay Taps and Cutting Tools Limited (NSE:EMKAYTOOLS) have power over the company. … Emkay Taps and Cutting Tools is a smaller company with a market capitalization of ₹2.1b, so it may still be flying under the radar of many institutional investors. … Check out our latest analysis for Emkay Taps and Cutting Tools

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Did Emkay Taps and Cutting Tools Limited (NSE:EMKAYTOOLS) Insiders Sell Shares?

So shareholders might well want to know whether insiders have been buying or selling shares in Emkay Taps and Cutting Tools Limited (NSE:EMKAYTOOLS). … See our latest analysis for Emkay Taps and Cutting Tools. … Emkay Taps and Cutting Tools Insider Transactions Over The Last Year

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A Close Look At Emkay Taps and Cutting Tools Limited’s (NSE:EMKAYTOOLS) 24% ROCE

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Understanding Return On Capital Employed (ROCE). … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

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Should You Be Impressed By Emkay Taps and Cutting Tools Limited's (NSE:EMKAYTOOLS) ROE?

To keep the lesson grounded in practicality, we'll use ROE to better understand Emkay Taps and Cutting Tools Limited (NSE:EMKAYTOOLS). … Our data shows Emkay Taps and Cutting Tools has a return on equity of 19% for the last year. … View our latest analysis for Emkay Taps and Cutting Tools?

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Could Emkay Taps and Cutting Tools Limited's (NSE:EMKAYTOOLS) Investor Composition Influence The Stock Price?

The big shareholder groups in Emkay Taps and Cutting Tools Limited (NSE:EMKAYTOOLS) have power over the company. … Emkay Taps and Cutting Tools is a smaller company with a market capitalization of ₹2.4b, so it may still be flying under the radar of many institutional investors. … See our latest analysis for Emkay Taps and Cutting Tools

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Should You Worry About Emkay Taps and Cutting Tools Limited's (NSE:EMKAYTOOLS) CEO Pay?

Understanding how CEOs are incentivised to run and grow their company is an important aspect of investing in a stock. … This is because, if incentives are aligned, more value is created for shareholders which directly impacts your returns as an investor. … CEOs leading companies of similar size and profitability

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Understanding Your Return On Investment In Emkay Taps and Cutting Tools Limited (NSE:EMKAYTOOLS)

and want a simplistic look at the return on Emkay Taps and Cutting Tools Limited (NSE:EMKAYTOOLS) stock. … To understand Emkay Taps and Cutting Tools’s capital returns we will look at a useful metric called return on capital employed. … Emkay Taps and Cutting Tools's Return On Capital Employed

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Who Are Emkay Taps and Cutting Tools Limited's (NSE:EMKAYTOOLS) Major Shareholders?

Today, I will be analyzing Emkay Taps and Cutting Tools Limited’s (NSEI:EMKAYTOOLS) recent ownership structure, an important but not-so-popular subject among individual investors. … Private Company Ownership Potential investors in EMKAYTOOLS should also look at another important group of investors: private companies, with a stake of 24.28%, who are primarily invested because of strategic and capital gain interests. … Thus, investors should dig deeper into EMKAYTOOLS's business relations with these companies and how it can affect shareholder returns in the long-term.Next Steps: With a low level of institutional ownership, investors in EMKAYTOOLS need not worry about non-fundamental factors such as ownership structure causing large impact on stock prices.

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With A -15.64% Earnings Drop, Is Emkay Taps and Cutting Tools Limited's (NSE:EMKAYTOOLS) A Concern?

See our latest analysis for Emkay Taps and Cutting Tools Was EMKAYTOOLS's recent earnings decline worse than the long-term trend and the industry? … For Emkay Taps and Cutting Tools, its most recent earnings (trailing twelve month) is ₹118.49M, which, against the previous year's level, has dropped by -15.64%. … Emkay Taps and Cutting Tools's track record can be a valuable insight into its earnings performance, but it certainly doesn't tell the whole story.

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How Did Emkay Taps and Cutting Tools Limited's (NSE:EMKAYTOOLS) 14.03% ROE Fare Against The Industry?

View our latest analysis for Emkay Taps and Cutting Tools Peeling the layers of ROE – trisecting a company’s profitability Firstly, Return on Equity, or ROE, is simply the percentage of last years’ earning against the book value of shareholders’ equity. … Emkay Taps and Cutting Tools’s cost of equity is 13.40%. … While Emkay Taps and Cutting Tools exhibits a weak ROE against its peers, its returns are sufficient enough to cover its cost of equity.

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Company Info

Map
Description

Emkay Taps and Cutting Tools Limited manufactures and sells taps and cutting tools primarily for the automobile and electrical fittings industry in India. It operates through two segments, Engineering Tools and Power. It also engages in power generation through its wind farms in Rajasthan and Karnataka. The company was founded in 1995 and is based in Nagpur, India.

Details
Name: Emkay Taps and Cutting Tools Limited
EMKAYTOOLS
Exchange: NSEI
Founded: 1995
₹1,361,124,315
10,671,300
Website: http://www.emkaytapsandtools.com
Address: Emkay Taps and Cutting Tools Limited
Plot No B-27 and B-27/1,
MIDC Hingna,
Nagpur,
Maharashtra, 440016,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NSEI EMKAYTOOLS Equity Shares National Stock Exchange of India IN INR 11. Oct 2017
Number of employees
Current staff
Staff numbers
67
Emkay Taps and Cutting Tools employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/23 13:11
End of day share price update: 2019/02/22 00:00
Last earnings filing: 2018/08/18
Last earnings reported: 2018/03/31
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.