NSEI:LATTEYS

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Executive Summary

Latteys Industries Limited manufactures and sells pumps for domestic, agriculture, industrial, and horticultural sectors in India. More Details


Snowflake Analysis

Mediocre balance sheet with questionable track record.


Similar Companies

Share Price & News

How has Latteys Industries's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: LATTEYS's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

LATTEYS

1.3%

IN Machinery

1.5%

IN Market


1 Year Return

2.9%

LATTEYS

-2.4%

IN Machinery

2.2%

IN Market

Return vs Industry: LATTEYS exceeded the Indian Machinery industry which returned -3.1% over the past year.

Return vs Market: LATTEYS matched the Indian Market which returned 1.9% over the past year.


Shareholder returns

LATTEYSIndustryMarket
7 Day0%1.3%1.5%
30 Day26.3%0.02%0.09%
90 Dayn/a12.3%7.9%
1 Year2.9%2.9%-0.6%-2.4%4.2%2.2%
3 Yearn/a-18.5%-22.2%2.2%-2.7%
5 Yearn/a5.4%-1.5%37.1%26.8%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Latteys Industries undervalued compared to its fair value and its price relative to the market?

61.04x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate LATTEYS's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate LATTEYS's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: LATTEYS is poor value based on its PE Ratio (61x) compared to the IN Machinery industry average (17.6x).

PE vs Market: LATTEYS is poor value based on its PE Ratio (61x) compared to the Indian market (16.1x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: LATTEYS is overvalued based on its PB Ratio (1.8x) compared to the IN Machinery industry average (1.1x).


Next Steps

Future Growth

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

24.1%

Forecasted Capital Goods industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Latteys Industries has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Latteys Industries performed over the past 5 years?

10.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LATTEYS has high quality earnings.

Growing Profit Margin: LATTEYS's current net profit margins (1.7%) are lower than last year (2.9%).


Past Earnings Growth Analysis

Earnings Trend: LATTEYS's earnings have grown by 10.8% per year over the past 5 years.

Accelerating Growth: LATTEYS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: LATTEYS had negative earnings growth (-46.8%) over the past year, making it difficult to compare to the Machinery industry average (-18.8%).


Return on Equity

High ROE: LATTEYS's Return on Equity (3%) is considered low.


Next Steps

Financial Health

How is Latteys Industries's financial position?


Financial Position Analysis

Short Term Liabilities: LATTEYS's short term assets (₹305.0M) exceed its short term liabilities (₹206.4M).

Long Term Liabilities: LATTEYS's short term assets (₹305.0M) exceed its long term liabilities (₹34.0M).


Debt to Equity History and Analysis

Debt Level: LATTEYS's debt to equity ratio (93%) is considered high.

Reducing Debt: LATTEYS's debt to equity ratio has reduced from 520.1% to 93% over the past 5 years.

Debt Coverage: LATTEYS's debt is not well covered by operating cash flow (1.5%).

Interest Coverage: LATTEYS's interest payments on its debt are not well covered by EBIT (1.5x coverage).


Balance Sheet


Next Steps

Dividend

What is Latteys Industries's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

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


Next Steps

Management

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

2.8yrs

Average management tenure


CEO

Kapoor Garg (46 yo)

2.83yrs

Tenure

₹1,920,000

Compensation

Mr. Kapoor Chand Garg has been Chairman & Managing Director of Latteys Industries Limited since November 23, 2017 and has been its Executive Director since April 02, 2013. Mr. Garg has a rich experience of ...


CEO Compensation Analysis

Compensation vs Market: Kapoor's total compensation ($USD26.03K) is below average for companies of similar size in the Indian market ($USD48.76K).

Compensation vs Earnings: Kapoor's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Kapoor Garg
Chairman & MD2.83yrs₹1.92m68.41%
₹ 174.8m
Viralbhai Patel
Chief Financial Officer2.92yrs₹339.30kno data
Pawan Garg
Whole Time Director7.42yrs₹1.92m4.74%
₹ 12.1m
Nikhil Kumar Vadera
Company Secretary & Compliance Officer1.42yrsno datano data

2.8yrs

Average Tenure

40yo

Average Age

Experienced Management: LATTEYS's management team is considered experienced (2.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Kapoor Garg
Chairman & MD2.83yrs₹1.92m68.41%
₹ 174.8m
Pawan Garg
Whole Time Director7.42yrs₹1.92m4.74%
₹ 12.1m
Saroj Garg
Non-Executive Director4.17yrsno data0.28%
₹ 716.6k
Sandeep Mangal
Independent & Non-Executive Director2.67yrsno datano data
Sachin Gupta
Independent & Non-Executive Director2.67yrsno datano data

2.8yrs

Average Tenure

40yo

Average Age

Experienced Board: LATTEYS's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

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


Ownership Breakdown

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


Top Shareholders

Company Information

Latteys Industries Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Latteys Industries Limited
  • Ticker: LATTEYS
  • Exchange: NSEI
  • Founded: 2013
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: ₹255.511m
  • Shares outstanding: 4.60m
  • Website: https://www.latteysindustries.com

Number of Employees


Location

  • Latteys Industries Limited
  • Plot No. 16
  • Phase 1/2
  • Ahmedabad
  • Gujarat
  • 382330
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LATTEYSNSEI (National Stock Exchange of India)YesEquity SharesININRJun 2018

Biography

Latteys Industries Limited manufactures and sells pumps for domestic, agriculture, industrial, and horticultural sectors in India. The company offers submersible, self-priming, shallow well, horizontal ope ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/30 12:41
End of Day Share Price2020/09/14 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.