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Videocon Industries

NSEI:VIDEOIND
Snowflake Description

Slightly overvalued with worrying balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
VIDEOIND
NSEI
₹843M
Market Cap
  1. Home
  2. IN
  3. Consumer Durables
Company description

Videocon Industries Limited manufactures and distributes a range of consumer durables in India and internationally. The last earnings update was 92 days ago. More info.


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  • Videocon Industries has significant price volatility in the past 3 months.
VIDEOIND Share Price and Events
7 Day Returns
13.6%
NSEI:VIDEOIND
2.1%
IN Consumer Durables
1%
IN Market
1 Year Returns
-84.9%
NSEI:VIDEOIND
-18.5%
IN Consumer Durables
-8.2%
IN Market
VIDEOIND Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Videocon Industries (VIDEOIND) 13.6% -13.8% -19.4% -84.9% -97.7% -98.5%
IN Consumer Durables 2.1% -5.4% -0.8% -18.5% 71.5% 289.2%
IN Market 1% -2.2% -1.2% -8.2% 46.7% 78.8%
1 Year Return vs Industry and Market
  • VIDEOIND underperformed the Consumer Durables industry which returned -18.5% over the past year.
  • VIDEOIND underperformed the Market in India which returned -8.2% over the past year.
Price Volatility
VIDEOIND
Industry
5yr Volatility vs Market

Value

 Is Videocon Industries 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 Videocon Industries 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 Videocon Industries.

NSEI:VIDEOIND 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 22.5%
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:VIDEOIND
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 7.5%
Consumer Durables Unlevered Beta Simply Wall St/ S&P Global 0.62
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.615 (1 + (1- 35%) (59643.83%))
239.146
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (2 * 7.45%)
22.45%

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

The calculations below outline how an intrinsic value for Videocon Industries 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:VIDEOIND DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (INR, Millions) 53,618.20 44,086.25 36,248.84 30,086.53 25,272.69
Source Est @ -17.78% Est @ -17.78% Est @ -17.78% Est @ -17%, capped from -17.78% Est @ -16%, capped from -17.78%
Present Value
Discounted (@ 22.45%)
43,787.83 29,402.59 19,743.21 13,382.49 9,180.31
Present value of next 5 years cash flows ₹115,496.44
NSEI:VIDEOIND DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= ₹25,272.69 × (1 + 7.55%) ÷ (22.45% – 7.55%)
₹182,421.32
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= ₹182,421.32 ÷ (1 + 22.45%)5
₹66,264.61
NSEI:VIDEOIND Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= ₹115,496.44 + ₹66,264.61
₹181,761.05
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹181,761.05 / 334.46
₹539.14
NSEI:VIDEOIND Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:VIDEOIND represents 0.99206x of BSE:511389
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99206x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 543.45 x 0.99206
₹539.14
Value per share (INR) From above. ₹539.14
Current discount Discount to share price of ₹2.50
= -1 x (₹2.50 - ₹539.14) / ₹539.14
99.5%

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

Current Discount
Amount off the current price Videocon Industries is available for.
Intrinsic value
>50%
Share price is ₹2.5 vs Future cash flow value of ₹539.14
Current Discount Checks
For Videocon Industries to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Videocon Industries's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Videocon Industries'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 Videocon Industries's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Videocon Industries's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:VIDEOIND PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-03-31) in INR ₹-198.93
BSE:511389 Share Price ** BSE (2019-02-22) in INR ₹2.52
India Consumer Durables Industry PE Ratio Median Figure of 42 Publicly-Listed Consumer Durables Companies 27.49x
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 Videocon Industries.

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

= BSE:511389 Share Price ÷ EPS (both in INR)

= 2.52 ÷ -198.93

-0.01x

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

  • Videocon Industries is loss making, we can't compare its value to the IN Consumer Durables industry average.
  • Videocon Industries is loss making, we can't compare the value of its earnings to the India market.
Price based on expected Growth
Does Videocon Industries's expected growth come at a high price?
Raw Data
NSEI:VIDEOIND PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.01x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
India Consumer Durables Industry PEG Ratio Median Figure of 12 Publicly-Listed Consumer Durables Companies 1.87x
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 Videocon Industries, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Videocon Industries's assets?
Raw Data
NSEI:VIDEOIND PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-03-31) in INR ₹-108.19
BSE:511389 Share Price * BSE (2019-02-22) in INR ₹2.52
India Consumer Durables Industry PB Ratio Median Figure of 47 Publicly-Listed Consumer Durables Companies 1.84x
India Market PB Ratio Median Figure of 3,588 Publicly-Listed Companies 1.05x
NSEI:VIDEOIND PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:511389 Share Price ÷ Book Value per Share (both in INR)

= 2.52 ÷ -108.19

-0.02x

* Primary Listing of Videocon Industries.

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

  • Videocon Industries has negative assets, we can't compare the value of its assets to the IN Consumer Durables industry average.
X
Value checks
We assess Videocon Industries'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 Consumer Durables 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 Consumer Durables industry average (and greater than 0)? (1 check)
  5. Videocon Industries has a total score of 2/6, 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 Videocon Industries 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 Videocon 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 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
19.6%
Expected Consumer Durables industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Videocon Industries expected to grow at an attractive rate?
  • Unable to compare Videocon Industries's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Videocon Industries's earnings growth to the India market average as no estimate data is available.
  • Unable to compare Videocon Industries's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:VIDEOIND Future Growth Rates Data Sources
Data Point Source Value (per year)
India Consumer Durables Industry Earnings Growth Rate Market Cap Weighted Average 19.6%
India Consumer Durables Industry Revenue Growth Rate Market Cap Weighted Average 13%
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:VIDEOIND 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:VIDEOIND Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-03-31 29,338 -23,738 -66,536
2017-03-31 100,132 33,095 -21,137
2015-12-31 132,894 -3 -17,954

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Videocon Industries is high growth as no earnings estimate data is available.
  • Unable to determine if Videocon Industries 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:VIDEOIND 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 Videocon Industries Company Filings, last reported 10 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:VIDEOIND Past Financials Data
Date (Data in INR Millions) EPS *
2018-03-31 -198.93
2017-03-31
2015-12-31 -53.68

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

Next steps:

  1. Take a look at our analysis of VIDEOIND’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Videocon Industries'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 Consumer Durables companies here
  3. Videocon Industries'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 Videocon Industries'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.
Videocon Industries 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 Videocon Industries performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Videocon Industries's growth in the last year to its industry (Consumer Durables).
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.
  • Videocon Industries does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Videocon Industries's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Videocon Industries's 1-year growth to the IN Consumer Durables industry average as it is not currently profitable.
Earnings and Revenue History
Videocon Industries'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 Videocon Industries Company Filings, last reported 10 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:VIDEOIND 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 29,337.74 -66,535.52 2,795.76
2017-03-31 100,132.22 -21,137.25 5,284.19
2015-12-31 132,894.17 -17,954.43 7,224.60
2014-12-31 136,414.93 34,128.42 8,165.48
2013-06-30 125,371.69 -18,862.39 17,489.43

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Videocon Industries has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if Videocon Industries has efficiently used its assets last year compared to the IN Consumer Durables industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Videocon Industries improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.
X
Past performance checks
We assess Videocon Industries'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 Consumer Durables 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.
Videocon Industries has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

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

Health

 How is Videocon Industries'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 Videocon Industries's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Videocon Industries's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Videocon Industries's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Videocon Industries'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.
  • Videocon Industries has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

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

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

All data from Videocon Industries Company Filings, last reported 10 months ago.

NSEI:VIDEOIND Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-03-31 -35,618.99 502,699.92 2,935.74
2017-03-31 29,115.99 457,859.37 1,987.71
2015-12-31 81,603.85 475,840.58 43,539.54
2014-12-31 103,005.55 453,525.34 63,774.48
2013-06-30 49,216.79 403,006.85 9,859.69
  • Videocon Industries has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Videocon Industries's debt level has increased considering it has negative shareholder equity.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Videocon Industries has less than a year of cash runway based on current free cash flow.
  • Videocon Industries has less than a year of cash runway if free cash flow continues to grow at historical rates of 16.8% each year.
X
Financial health checks
We assess Videocon Industries'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. Videocon Industries has a total score of 1/6, 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 Videocon Industries's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Videocon Industries dividends.
If you bought ₹2,000 of Videocon Industries shares you are expected to receive ₹0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Videocon Industries's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Videocon Industries's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:VIDEOIND 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 Consumer Durables Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 0.5%
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:VIDEOIND Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2016-08-22 0.000 0.000
2015-08-10 2.000 1.725
2015-05-18 2.000 1.330
2013-12-02 2.000 1.205
2013-11-29 2.000 1.175
2012-06-05 0.500 0.266
2012-05-29 0.500 0.296
2011-05-27 1.000 0.562
2010-03-31 2.000 0.919
2009-12-18 1.000 0.436
2009-02-27 1.000 0.621
2009-02-24 3.500 4.018

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

  • Unable to perform a dividend volatility check as Videocon Industries has not reported any payouts.
  • Unable to verify if Videocon Industries's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Videocon Industries's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Videocon Industries has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Videocon Industries'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 Videocon Industries afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Videocon Industries has a total score of 0/6, see the detailed checks below.


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

Management

 What is the CEO of Videocon Industries'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
Venugopal Dhoot
COMPENSATION ₹0
AGE 67
TENURE AS CEO 13.4 years
CEO Bio

Mr. Venugopal Nandlal Dhoot is a Co-Owner of Goan Football Club Pvt. Ltd. Mr. Dhoot serves as the Chairman of Videocon Industries Ltd. and has been its Managing Director since September 1, 2005 and also serves as its Chief Executive Officer. Mr. Dhoot serves as the President of Indo Japanese Association. He is one of the promoters of the Videocon group of companies and has been instrumental in growth and promotion of the Videocon group. He is an Advisor to the Government of Orissa on issues of industrial development in Orissa. He has been associated in the consumer electronics and home appliances business for over 30 years. He served as the Chief Executive Officer of Videocon Industries Ltd. since September 1, 2005. Mr. Dhoot has been a Director of Videocon Industries Ltd. since June 1, 2005. He served as a Non-Executive Director of Trend Electronics Ltd. since December 29, 1998. He served as an Independent Director of Rural Electrification Corporation Limited from December 20, 2007 to December 19, 2011. Mr. Dhoot served as a Director of Value Industries Ltd (Alternate Name: Videocon Appliances Ltd) from March 8, 1988 to February 1, 2012. He serves as the President of the Electronic Industries Association of Marathwada. He was the President and Chairman of the Associated Chambers of Commerce and Industry in India. Mr. Dhoot was the Chairman of the Federation of the Indian Chambers of Commerce and Industry (Consumer Goods Committee). Mr. Dhoot serves as a Member of the Advisory Committee of Poona University Information Employment & Guidance. Mr. Dhoot's interests include flute recital and discourse on BhagwatGita. Mr. Dhoot was awarded the Marathwada Bhushan Award on April 2, 2005 and was chosen for the honour for his outstanding initiatives to make India self reliant in hardware and consumer electronics and also was awarded the Elcina Electronics Man of the Year 2005-06. Mr. Dhoot holds a BE in Electricals Engineering from the Pune University. He studied at Pune Engineering College, Pune. He is a Graduate in Economics.

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

Average tenure and age of the Videocon Industries management team in years:

1.5
Average Tenure
54
Average Age
  • The average tenure for the Videocon Industries management team is less than 2 years, this suggests a new team.
Management Team

Ashutosh Gune

TITLE
Chief Financial Officer
COMPENSATION
₹2M

Venugopal Dhoot

TITLE
Chairman
AGE
67
TENURE
13.4 yrs

Anil Modani

TITLE
President
AGE
54

Akshay Dhoot

TITLE
Head of Technology and Innovation

Kaustubha Sahasrabudhe

TITLE
Company Secretary & Compliance Officer
AGE
40
TENURE
0.5 yrs

Sunil Tandon

TITLE
Chief Marketing Officer
AGE
57

Chandramani Singh

TITLE
Chief Operating Officer of Sales
COMPENSATION
₹15M
AGE
48

Sanjeev Bakshi

TITLE
Division Chief Operating Officer and Vice President
COMPENSATION
₹8M
AGE
47

Rash Gargieya

TITLE
Senior Vice President
COMPENSATION
₹7M
AGE
65

Rajesh Rathi

TITLE
Business Head
TENURE
1.5 yrs
Board of Directors

Venugopal Dhoot

TITLE
Chairman
AGE
67

Subhash Dayama

TITLE
Independent Director
COMPENSATION
₹520K
AGE
57
TENURE
2.8 yrs

Sarita Surve

TITLE
Independent Director
COMPENSATION
₹60K
AGE
40
TENURE
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 (₹)
08. Mar 18 Sell Greenfield Appliances Private Limited Company 23. Feb 18 27. Feb 18 -2,480,000 ₹16.06 ₹-39,833,028
27. Mar 18 Sell Daiwa Capital Holdings Co., Ltd. Company 15. Mar 18 22. Mar 18 -1,536,000 ₹13.87 ₹-21,308,957
08. Mar 18 Sell Dome-Bell Electronics India Pvt Ltd Company 01. Mar 18 01. Mar 18 -213,604 ₹13.98 ₹-2,986,783
X
Management checks
We assess Videocon Industries'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. Videocon Industries 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

Can We See Significant Institutional Ownership On The Videocon Industries Limited (NSE:VIDEOIND) Share Register?

Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … Companies that used to be publicly owned tend to have lower insider ownership. … With a market capitalization of ₹1.1b, Videocon Industries is a small cap stock, so it might not be well known by many institutional investors.

Simply Wall St -

Who Are The Largest Shareholders In Videocon Industries Limited (NSE:VIDEOIND)?

In this article, I will take a quick look at Videocon Industries Limited’s (NSE:VIDEOIND) recent ownership structure – an unconventional investing subject, but an important one. … When it comes to ownership structure of a company, the impact has been observed in both the long-and short-term performance of shares. … The implications of these institutions’ actions can either benefit or hinder individual investors, so it is important to understand the ownership composition of your stock investment.

Simply Wall St -

With A -72.85% Earnings Drop, Did Videocon Industries Limited (NSE:VIDEOIND) Really Underperform?

When Videocon Industries Limited (NSEI:VIDEOIND) announced its most recent earnings (31 March 2017), I did two things: looked at its past earnings track record, then look at what is happening in the industry. … Each year, for the past five years Videocon Industries has seen an annual decline in revenue of -2.45%, on average. … Inspecting growth from a sector-level, the IN consumer durables industry has been growing its average earnings by double-digit 15.25% over the past year, and 14.63% over the past five years.

Simply Wall St -

Is Videocon Industries Limited's (NSE:VIDEOIND) Balance Sheet A Threat To Its Future?

On top of this, VIDEOIND has produced cash from operations of ₹44.44B over the same time period, leading to an operating cash to total debt ratio of 9.91%, meaning that VIDEOIND’s current level of operating cash is not high enough to cover debt. … At the current liabilities level of ₹139.89B liabilities, it appears that the company has been able to meet these obligations given the level of current assets of ₹265.02B, with a current ratio of 1.89x. … Running high debt, while not yet making money, can be risky in unexpected downturns as liquidity may dry up, making it hard to operate.Next Steps: VIDEOIND’s debt and cash flow levels indicate room for improvement.

Simply Wall St -

Who Are The Largest Shareholders In Videocon Industries Limited (NSE:VIDEOIND)?

In this article, I'm going to take a look at Videocon Industries Limited’s (NSEI:VIDEOIND) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … Private Company Ownership Another important group of owners for potential investors in VIDEOIND are private companies that hold a stake of 44.08% in VIDEOIND. … Thus, potential investors should look into these business relations and check how it can impact long-term shareholder returns.What this means for you: VIDEOIND's considerably high level of institutional ownership calls for further analysis into its margin of safety.

Simply Wall St -

Should You Invest In The Retail Sector And Videocon Industries Limited (NSE:VIDEOIND)?

In this article, I’ll take you through the retail sector growth expectations, as well as evaluate whether Videocon Industries is lagging or leading its competitors in the industry. … Check out our latest analysis for Videocon Industries What’s the catalyst for Videocon Industries's sector growth? … If your initial investment thesis is around the growth prospects of Videocon Industries, there are other retail companies that have delivered higher growth, and perhaps trading at a discount to the industry average.

Simply Wall St -

How Does Videocon Industries Limited (NSE:VIDEOIND) Affect Your Portfolio Returns?

Videocon Industries's beta of 0.17 indicates that the stock value will be less variable compared to the whole stock market. … VIDEOIND's beta implies it may be a stock that investors with high-beta portfolios might find relevant if they wanted to reduce their exposure to market risk, especially during times of downturns. … This is an interesting conclusion, since both VIDEOIND’s size and industry indicates the stock should have a higher beta than it currently has.

Simply Wall St -

Videocon Industries Limited (NSE:VIDEOIND): Is Consumer Sector Attractive Relative To NSEI Peers?

Videocon Industries Limited (NSEI:VIDEOIND), a INR₹6.34B small-cap, operates in the consumer discretionary industry, whose sales are driven primarily by consumer sentiment, which is closely linked to employment and wages. … Videocon Industries has been a household durables industry laggard in the past year. … If your initial investment thesis is around the growth prospects of Videocon Industries, there are other household durables companies that have delivered higher growth, and perhaps trading at a discount to the industry average.

Simply Wall St -

Should Videocon Industries Limited's (NSE:VIDEOIND) Earnings Decline In Recent Times Worry You?

After reading Videocon Industries Limited's (NSEI:VIDEOIND) latest earnings update (31 March 2017), I found it beneficial to look back at how the company has performed in the past and compare this against the most recent numbers. … I look at data from the most recent 12 months, which annualizes the latest 6-month earnings release, or some times, the latest annual report is already the most recent financial data. … Videocon Industries's latest earnings -₹44,009.3M, which compared to the prior year's level, has become more negative.

Simply Wall St -

Are Videocon Industries Limited's (NSE:VIDEOIND) Interest Costs Too High?

At this current level of debt, the current cash and short-term investment levels stands at ₹43,539.5M for investing into the business. … At its current level of cash flow coverage, VIDEOIND has room for improvement to better cushion for events which may require debt repayment. … VIDEOIND’s high debt levels is not met with high cash flow coverage.

Simply Wall St -

Company Info

Map
Description

Videocon Industries Limited manufactures and distributes a range of consumer durables in India and internationally. The company also engages in the exploration and production of crude oil and natural gas. Videocon Industries Limited was incorporated in 1986 and is based in Aurangabad, India.

Details
Name: Videocon Industries Limited
VIDEOIND
Exchange: NSEI
Founded: 1986
₹842,836,365
334,458,875
Website: http://videoconindustriesltd.com
Address: Videocon Industries Limited
14 KM Stone,
Aurangabad- Paithan Road,
Aurangabad,
Maharashtra, 431105,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 511389 Equity Shares Mumbai Stock Exchange IN INR 24. May 1996
NSEI VIDEOIND Equity Shares National Stock Exchange of India IN INR 24. May 1996
Number of employees
Current staff
Staff numbers
0
Videocon Industries employees.
Industry
Consumer Electronics
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/23 12:56
End of day share price update: 2019/02/22 00:00
Last earnings filing: 2018/11/23
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.