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Technofab Engineering

NSEI:TECHNOFAB
Snowflake Description

Undervalued with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TECHNOFAB
NSEI
₹563M
Market Cap
  1. Home
  2. IN
  3. Capital Goods
Company description

Technofab Engineering Limited provides engineering, procurement, and construction services on a turnkey basis across various industrial and infrastructure sectors. The last earnings update was 263 days ago. More info.


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  • Technofab Engineering has significant price volatility in the past 3 months.
TECHNOFAB Share Price and Events
7 Day Returns
-1%
NSEI:TECHNOFAB
12.3%
IN Construction
4.1%
IN Market
1 Year Returns
-73.2%
NSEI:TECHNOFAB
-1.7%
IN Construction
-0%
IN Market
TECHNOFAB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Technofab Engineering (TECHNOFAB) -1% -33.7% -38.4% -73.2% -64.8% -45.7%
IN Construction 12.3% 9.1% 19.3% -1.7% 41.1% 41.7%
IN Market 4.1% -0% 7.7% -0% 35.1% 47.5%
1 Year Return vs Industry and Market
  • TECHNOFAB underperformed the Construction industry which returned -1.7% over the past year.
  • TECHNOFAB underperformed the Market in India which returned -0% over the past year.
Price Volatility
TECHNOFAB
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Technofab Engineering 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 Technofab Engineering 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 Technofab Engineering.

NSEI:TECHNOFAB 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 23%
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:TECHNOFAB
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 0.98
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.982 (1 + (1- 35%) (189.01%))
1.796
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.796 * 8.6%)
23%

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

The calculations below outline how an intrinsic value for Technofab Engineering 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:TECHNOFAB DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 23%)
2019 493.46 Est @ 64.36% 401.20
2020 726.95 Est @ 47.32% 480.53
2021 984.20 Est @ 35.39% 528.94
2022 1,250.28 Est @ 27.04% 546.32
2023 1,515.22 Est @ 21.19% 538.30
2024 1,774.30 Est @ 17.1% 512.49
2025 2,026.84 Est @ 14.23% 475.98
2026 2,274.70 Est @ 12.23% 434.31
2027 2,520.94 Est @ 10.83% 391.33
2028 2,769.06 Est @ 9.84% 349.48
Present value of next 10 years cash flows ₹4,658.87
NSEI:TECHNOFAB DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹2,769.06 × (1 + 7.55%) ÷ (23% – 7.55%)
₹19,280.92
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹19,280.92 ÷ (1 + 23%)10
₹2,433.43
NSEI:TECHNOFAB Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹4,658.87 + ₹2,433.43
₹7,092.30
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹7,092.30 / 10.49
₹676.1
NSEI:TECHNOFAB Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:TECHNOFAB represents 0.96741x of BSE:533216
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.96741x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 676.10 x 0.96741
₹654.07
Value per share (INR) From above. ₹654.07
Current discount Discount to share price of ₹51.95
= -1 x (₹51.95 - ₹654.07) / ₹654.07
92.1%

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

Current Discount
Amount off the current price Technofab Engineering is available for.
Intrinsic value
>50%
Share price is ₹51.95 vs Future cash flow value of ₹654.07
Current Discount Checks
For Technofab Engineering to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Technofab Engineering's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Technofab Engineering'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 Technofab Engineering's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Technofab Engineering's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:TECHNOFAB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-03-31) in INR ₹13.77
BSE:533216 Share Price ** BSE (2019-05-24) in INR ₹53.7
India Construction Industry PE Ratio Median Figure of 90 Publicly-Listed Construction Companies 15.52x
India Market PE Ratio Median Figure of 2,789 Publicly-Listed Companies 15.77x

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

** Primary Listing of Technofab Engineering.

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

= BSE:533216 Share Price ÷ EPS (both in INR)

= 53.7 ÷ 13.77

3.9x

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

  • Technofab Engineering is good value based on earnings compared to the IN Construction industry average.
  • Technofab Engineering is good value based on earnings compared to the India market.
Price based on expected Growth
Does Technofab Engineering's expected growth come at a high price?
Raw Data
NSEI:TECHNOFAB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 3.9x
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 0.95x
India Market PEG Ratio Median Figure of 554 Publicly-Listed Companies 1.35x

*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 Technofab Engineering, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Technofab Engineering's assets?
Raw Data
NSEI:TECHNOFAB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-03-31) in INR ₹271.79
BSE:533216 Share Price * BSE (2019-05-24) in INR ₹53.7
India Construction Industry PB Ratio Median Figure of 121 Publicly-Listed Construction Companies 0.97x
India Market PB Ratio Median Figure of 3,644 Publicly-Listed Companies 1.06x
NSEI:TECHNOFAB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:533216 Share Price ÷ Book Value per Share (both in INR)

= 53.7 ÷ 271.79

0.2x

* Primary Listing of Technofab Engineering.

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

  • Technofab Engineering is good value based on assets compared to the IN Construction industry average.
X
Value checks
We assess Technofab Engineering'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. Technofab Engineering 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 Technofab Engineering 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 Technofab Engineering 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
14.7%
Expected Construction industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Technofab Engineering expected to grow at an attractive rate?
  • Unable to compare Technofab Engineering's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Technofab Engineering's earnings growth to the India market average as no estimate data is available.
  • Unable to compare Technofab Engineering's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:TECHNOFAB Future Growth Rates Data Sources
Data Point Source Value (per year)
India Construction Industry Earnings Growth Rate Market Cap Weighted Average 14.7%
India Construction Industry Revenue Growth Rate Market Cap Weighted Average 11.3%
India Market Earnings Growth Rate Market Cap Weighted Average 17%
India Market Revenue Growth Rate Market Cap Weighted Average 10.3%

*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:TECHNOFAB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 year 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:TECHNOFAB Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
NSEI:TECHNOFAB Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-03-31 4,351 327 144
2017-03-31 4,022 87 86
2016-03-31 4,631 82 113

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Technofab Engineering is high growth as no earnings estimate data is available.
  • Unable to determine if Technofab Engineering 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:TECHNOFAB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 year ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Technofab Engineering Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:TECHNOFAB Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
NSEI:TECHNOFAB Past Financials Data
Date (Data in INR Millions) EPS *
2018-03-31 13.77
2017-03-31 8.22
2016-03-31 10.81

*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 Technofab Engineering will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Technofab Engineering is trading at Technofab Engineering'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Technofab Engineering'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. Technofab Engineering'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 Technofab Engineering'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.
Technofab Engineering 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 Technofab Engineering performed over the past 5 years?

  • Technofab Engineering's last earnings update was 263 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 Technofab Engineering'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.
  • Insufficient data to establish if Technofab Engineering's year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Technofab Engineering's 1-year earnings growth to the 5-year average due to insufficient past data.
  • Technofab Engineering's earnings growth has exceeded the IN Construction industry average in the past year (67.5% vs 19.4%).
Earnings and Revenue History
Technofab Engineering'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 Technofab Engineering Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:TECHNOFAB 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 4,351.03 144.47 500.02
2017-03-31 4,021.72 86.26 483.12
2016-03-31 4,631.08 113.43 394.74
2015-03-31 4,200.62 82.05 355.47
2014-03-31 4,094.70 66.18 342.53
2013-03-31 4,267.85 323.60 385.26

*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.
  • Technofab Engineering has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Technofab Engineering used its assets less efficiently than the IN Construction industry average last year based on Return on Assets.
  • Technofab Engineering has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Technofab Engineering'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.
Technofab Engineering has a total score of 2/6, 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 Technofab Engineering'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 Technofab Engineering's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Technofab Engineering is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Technofab Engineering's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Technofab Engineering'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 covered by short term assets, assets are 5.6x 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 Technofab Engineering Company Filings, last reported 1 year ago.

NSEI:TECHNOFAB Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-03-31 2,851.06 1,064.71 279.91
2017-03-31 2,704.84 991.05 84.85
2016-03-31 2,315.49 952.68 530.11
2015-03-31 2,202.06 1,048.91 723.94
2014-03-31 2,120.24 805.91 600.92
2013-03-31 2,054.14 703.42 975.39
  • Technofab Engineering's level of debt (37.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (34.3% vs 37.3% today).
  • Debt is well covered by operating cash flow (30.7%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.7x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Technofab Engineering'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. Technofab Engineering has a total score of 4/6, 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 Technofab Engineering'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
3.72%
Current annual income from Technofab Engineering dividends.
If you bought ₹2,000 of Technofab Engineering shares you are expected to receive ₹74 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?
  • Technofab Engineering's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.53%).
  • Technofab Engineering's dividend is above the markets top 25% of dividend payers in India (1.98%).
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:TECHNOFAB 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 50 Stocks 1.2%
India Market Average Dividend Yield Market Cap Weighted Average of 1404 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 2%

Industry and Market average data is calculated daily.

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

NSEI:TECHNOFAB Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
NSEI:TECHNOFAB Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-09-03 2.000 1.874
2014-05-26 0.000 0.000
2013-09-25 2.500 3.312
2012-09-04 2.000 1.802
2012-05-30 2.000 1.531
2011-08-11 1.500 1.105

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

  • Technofab Engineering has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Technofab Engineering only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of Technofab Engineering's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (6.9x 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 Technofab Engineering'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 Technofab Engineering afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Technofab Engineering has a total score of 3/6, 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 Technofab Engineering'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
Arjun Gupta
COMPENSATION ₹3,590,892
AGE 48
TENURE AS CEO 0.3 years
CEO Bio

Mr. Arjun Gupta has been Managing Director and Whole Time Director of Technofab Engineering Limited since January 15, 2019 and April 1, 2008 respectively. Mr. Gupta has about ten years of experience in Turnkey Projects and products related Sales & Marketing, 115 Contracts and Design & Engineering. He was instrumental in completion of many Turnkey Projects for Technofab Engineering both in India and abroad. Mr. Gupta holds a Bachelor's Degree in Mechanical Engineering from University of Texas, Austin.

CEO Compensation
  • Arjun's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Arjun's remuneration is higher than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Technofab Engineering management team in years:

4.8
Average Tenure
55
Average Age
  • The tenure for the Technofab Engineering management team is about average.
Management Team

Avinash Gupta

TITLE
Chairman
COMPENSATION
₹20M
AGE
78

Arjun Gupta

TITLE
MD & Whole Time Director
COMPENSATION
₹4M
AGE
48
TENURE
0.3 yrs

Sandeep Vij

TITLE
Chief Financial Officer
COMPENSATION
₹5M
TENURE
6.2 yrs

Suman Verma

TITLE
Compliance Officer & Company Secretary
COMPENSATION
₹1M
TENURE
3.5 yrs

Krishan Gupta

TITLE
Assistant General Manager of Accounts
AGE
66

Vijay Nagarajan

TITLE
Executive Vice President
AGE
54

C. Lawrence

TITLE
Chief General Manager
COMPENSATION
₹4M
AGE
51

Subhash Agarwal

TITLE
Chief General Manager of Projects
AGE
63
TENURE
12.2 yrs

Trilok Chandra

TITLE
Chief General Manager
COMPENSATION
₹4M
AGE
55

Ashutosh Jagga

TITLE
Executive Officer
Board of Directors Tenure

Average tenure and age of the Technofab Engineering board of directors in years:

9.9
Average Tenure
61
Average Age
  • The tenure for the Technofab Engineering board of directors is about average.
Board of Directors

Avinash Gupta

TITLE
Chairman
COMPENSATION
₹20M
AGE
78

Arjun Gupta

TITLE
MD & Whole Time Director
COMPENSATION
₹4M
AGE
48
TENURE
11.1 yrs

Pawan Chopra

TITLE
Non Executive & Independent Director
COMPENSATION
₹479K
AGE
74
TENURE
9.9 yrs

Arun Mitter

TITLE
Non Executive & Independent Director
COMPENSATION
₹533K
AGE
56
TENURE
9.9 yrs

Anju Banerjee

TITLE
Non-Executive Independent Director
COMPENSATION
₹479K
AGE
61
TENURE
4.2 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 (₹)
X
Management checks
We assess Technofab Engineering'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. Technofab Engineering 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

Technofab Engineering Limited (NSE:TECHNOFAB): Commentary On Fundamentals

Technofab Engineering Limited (NSE:TECHNOFAB) is a company with exceptional fundamental characteristics. … is a company that has been able to sustain great financial health, trading at an attractive share price. … report on Technofab Engineering here

Simply Wall St -

Does Technofab Engineering Limited’s (NSE:TECHNOFAB) ROCE Reflect Well On The Business?

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. … Return On Capital Employed (ROCE): What is it? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

What Kind Of Shareholder Appears On The Technofab Engineering Limited's (NSE:TECHNOFAB) Shareholder Register?

The big shareholder groups in Technofab Engineering Limited (NSE:TECHNOFAB) have power over the company. … With a market capitalization of ₹873m, Technofab Engineering is a small cap stock, so it might not be well known by many institutional investors. … We can zoom in on the different ownership groups, to learn more about TECHNOFAB

Simply Wall St -

Do You Like Technofab Engineering Limited (NSE:TECHNOFAB) At This P/E Ratio?

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … Technofab Engineering has a price to earnings ratio of 8.23, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Zooming in on NSE:TECHNOFAB's 1.5% Dividend Yield

Historically, Technofab Engineering Limited (NSE:TECHNOFAB) has been paying a dividend to shareholders. … Let's dig deeper into whether Technofab Engineering should have a place in your portfolio. … Check out our latest analysis for Technofab Engineering

Simply Wall St -

Is Technofab Engineering Limited's (NSE:TECHNOFAB) CEO Paid At A Competitive Rate?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Avinash Gupta's Compensation Compare With Similar Sized Companies. … At the time of writing our data says that Technofab Engineering Limited has a market cap of ₹1.5b, and is paying total annual CEO compensation of ₹20m.

Simply Wall St -

Technofab Engineering Limited’s (NSE:TECHNOFAB) Investment Returns Are Lagging Its Industry

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Return On Capital Employed (ROCE): What is it? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

What Kind Of Shareholders Own Technofab Engineering Limited (NSE:TECHNOFAB)?

A look at the shareholders of Technofab Engineering Limited (NSE:TECHNOFAB) can tell us which group is most powerful. … With a market capitalization of ₹1.6b, Technofab Engineering is a small cap stock, so it might not be well known by many institutional investors. … Check out our latest analysis for Technofab Engineering

Simply Wall St -

Do You Know What Technofab Engineering Limited's (NSE:TECHNOFAB) P/E Ratio Means?

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … We'll look at Technofab Engineering Limited's (NSE:TECHNOFAB) P/E ratio and reflect on what it tells us about the company's share price. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

How Financially Strong Is Technofab Engineering Limited (NSE:TECHNOFAB)?

While small-cap stocks, such as Technofab Engineering Limited (NSE:TECHNOFAB) with its market cap of ₹1.6b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Evaluating financial health as part of your investment thesis is. … I believe these basic checks tell most of the story you need to know.

Simply Wall St -

Company Info

Description

Technofab Engineering Limited provides engineering, procurement, and construction services on a turnkey basis across various industrial and infrastructure sectors. The company undertakes projects in thermal power, nuclear power, water and waste water treatment, electrical, oil and gas, and industrial sectors. It also provides project management services, including evaluation of enquiries and submission of proposals, engineering and design, system drawings, bill of materials, procurement, logistics, construction, testing and commissioning, and after sales service, as well as planning, scheduling, and resulting. The company has operations in India, Ghana, Ethiopia, Kenya, Zambia, Fiji, Malawi, Mozambique, Tanzania, Liberia, Zimbabwe, Uganda, Rwanda, Bhutan, and Seychelles. Technofab Engineering Limited was incorporated in 1971 and is based in Faridabad, India.

Details
Name: Technofab Engineering Limited
TECHNOFAB
Exchange: NSEI
Founded: 1971
₹563,313,000
10,490,000
Website: http://www.technofabengineering.com
Address: Technofab Engineering Limited
Plot 5, Mathura Road,
Sector-27C,
Faridabad,
Haryana, 121003,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 533216 Equity Shares Mumbai Stock Exchange IN INR 16. Jul 2010
NSEI TECHNOFAB Equity Shares National Stock Exchange of India IN INR 16. Jul 2010
Number of employees
Current staff
Staff numbers
0
Technofab Engineering employees.
Industry
Construction and Engineering
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/26 12:53
End of day share price update: 2019/05/24 00:00
Last estimates confirmation: 2018/05/26
Last earnings filing: 2018/09/05
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.