BSE:531929

Stock Analysis Report

Executive Summary

Innocorp Limited manufactures and sells plastic ware products in India.

Rewards

Earnings have grown 21% per year over the past 5 years

Risk Analysis

Has less than 1 year of cash runway

Makes less than USD$1m in revenue (₹8M)

Does not have a meaningful market cap (₹15M)

Currently unprofitable and not forecast to become profitable over the next 3 years



Snowflake Analysis

Weak fundamentals or lack of information.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 531929 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

531929

-2.3%

IN Consumer Durables

-0.4%

IN Market


1 Year Return

n/a

531929

34.8%

IN Consumer Durables

11.1%

IN Market

Return vs Industry: Insufficient data to determine how 531929 performed against the Indian Consumer Durables industry.

Return vs Market: Insufficient data to determine how 531929 performed against the Indian Market.


Shareholder returns

531929IndustryMarket
7 Day0%-2.3%-0.4%
30 Day0%6.5%-1.2%
90 Dayn/a11.3%3.3%
1 Yearn/a35.7%34.8%13.0%11.1%
3 Year-46.5%-46.5%49.1%46.8%25.3%18.6%
5 Year-7.5%-7.5%97.3%92.6%35.4%23.1%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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


In this section, we usually try to help investors determine whether Innocorp is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Innocorp has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of 531929’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.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Innocorp regulatory filings.
  • Explore potentially undervalued companies in the Consumer Durables industry.

Future Growth

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

23.9%

Forecasted Consumer Durables 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 Innocorp 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 Innocorp performed over the past 5 years?

21.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 531929 is currently unprofitable.

Growing Profit Margin: 531929 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 531929 is unprofitable, but has reduced losses over the past 5 years at a rate of 21% per year.

Accelerating Growth: Unable to compare 531929's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 531929 is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Durables industry (13.9%).


Return on Equity

High ROE: 531929's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Innocorp's financial position?


Financial Position Analysis

Short Term Liabilities: 531929 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: 531929 has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: 531929 has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: 531929's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet

Inventory Level: 531929 has a high level of physical assets or inventory.

Debt Coverage by Assets: 531929 has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.


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.

Stable Cash Runway: 531929 has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: 531929 has less than a year of cash runway if free cash flow continues to reduce at historical rates of -39.9% each year


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%0.6%markettop25%2.5%industryaverage0.4%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate 531929's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 531929's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 531929's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 531929'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 531929'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?

1.0yrs

Average management tenure


CEO

Venu Garapati (33yo)

1yrs

Tenure

0

Mr. Venu Garapati serves as Managing Director and Director of Innocorp Limited since February 2019. Mr. Garapati served as the Chief Financial Officer of Innocorp Ltd. until February 2019. Mr. Garapati ha ...


CEO Compensation Analysis

Compensation vs Market: Venu's total compensation ($USD0.00) is below average for companies of similar size in the Indian market ($USD50.14K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Prasad Venkata Siva Garapati
Founder & Chairman15.8yrsno data20.06% 2.9m
Venu Garapati
MD & Director1yrsno data0.89% 130.8k
Sahu Garapati
Chief Financial Officer1yrsno data1.79% 263.2k
Kovelamudi Saraswathi
Whole Time Director25.4yrsno data0.0013% 185.1
T. Masthan
Manager of Accounts0yrsno datano data
P. Devi
Administrative Officer0yrsno datano data
Pankaj Rawat
Company secretary & Compliance Officer0.2yrsno datano data
D. Rao
President of Power Division0yrsno datano data
R.V.N. Rao
Executive Officer0yrsno datano data
K. Krishnan
Executive Officer0yrsno datano data

1.0yrs

Average Tenure

49.5yo

Average Age

Experienced Management: 531929's management team is not considered experienced ( 1 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Prasad Venkata Siva Garapati
Founder & Chairman15.8yrsno data20.06% 2.9m
Venu Garapati
MD & Director1yrsno data0.89% 130.8k
Kovelamudi Saraswathi
Whole Time Director25.4yrsno data0.0013% 185.1
Venkaiah Doniparthi
Non-Executive Independent Director22.7yrsno datano data
Cherukuri Subrahmanyam
Non-Executive Independent Director11.3yrsno datano data
Naga Mohan Mangalapurapu
Non-Executive Independent Director2yrsno datano data

13.5yrs

Average Tenure

63yo

Average Age

Experienced Board: 531929's board of directors are seasoned and experienced ( 13.5 years average tenure).


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

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


Key Information

  • Name: Innocorp Limited
  • Ticker: 531929
  • Exchange: BSE
  • Founded: 1994
  • Industry: Housewares and Specialties
  • Sector: Consumer Durables
  • Market Cap: ₹14.692m
  • Shares outstanding: 7.94m
  • Website: https://www.innocorpltd.com

Number of Employees


Location

  • Innocorp Limited
  • Plot No. 41, Road No. 6
  • IDA Mallapur
  • Hyderabad
  • Andhra Pradesh
  • 500076
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
531929BSE (Mumbai Stock Exchange)YesEquity SharesININRFeb 2000

Biography

Innocorp Limited manufactures and sells plastic ware products in India. It offers molded furniture, including chairs, tables, and stools; fruit/vegetable crates and pallets; water cooler components; and containers. The company was formerly known as Innosoft Technologies Limited and changed its name to Innocorp Limited in 2006. Innocorp Limited was incorporated in 1994 and is based in Hyderabad, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/16 12:36
End of Day Share Price2019/12/27 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


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.