Loading...

Ceeta Industries

BSE:514171
Snowflake Description

Fair value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
514171
BSE
₹65M
Market Cap
  1. Home
  2. IN
  3. Materials
Company description

Ceeta Industries Ltd. manufactures and sells pre-stressed concrete poles in India. The last earnings update was 158 days ago. More info.


Add to Portfolio Compare Print
  • Ceeta Industries has significant price volatility in the past 3 months.
514171 Share Price and Events
7 Day Returns
-5.9%
BSE:514171
0.8%
IN Basic Materials
0.1%
IN Market
1 Year Returns
-68.3%
BSE:514171
-22.4%
IN Basic Materials
-10%
IN Market
514171 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Ceeta Industries (514171) -5.9% -16.2% -32.3% -68.3% -5.9% -
IN Basic Materials 0.8% -5.5% 4.2% -22.4% 38.9% 122.1%
IN Market 0.1% -1.9% 4.4% -10% 42.4% 83.4%
1 Year Return vs Industry and Market
  • 514171 underperformed the Basic Materials industry which returned -22.4% over the past year.
  • 514171 underperformed the Market in India which returned -10% over the past year.
Price Volatility
514171
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Ceeta 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
  • It is not possible to calculate the future cash flow value for Ceeta Industries. This is due to cash flow or dividend data being unavailable. The share price is ₹4.5.
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 Ceeta Industries's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Ceeta Industries's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:514171 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-03-31) in INR ₹0.28
BSE:514171 Share Price ** BSE (2019-01-17) in INR ₹4.5
India Basic Materials Industry PE Ratio Median Figure of 50 Publicly-Listed Basic Materials Companies 18.96x
India Market PE Ratio Median Figure of 2,736 Publicly-Listed Companies 17.08x

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

** Primary Listing of Ceeta Industries.

BSE:514171 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:514171 Share Price ÷ EPS (both in INR)

= 4.5 ÷ 0.28

15.81x

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

  • Ceeta Industries is good value based on earnings compared to the IN Basic Materials industry average.
  • Ceeta Industries is good value based on earnings compared to the India market.
Price based on expected Growth
Does Ceeta Industries's expected growth come at a high price?
Raw Data
BSE:514171 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.81x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
21.9%per year
India Basic Materials Industry PEG Ratio Median Figure of 23 Publicly-Listed Basic Materials Companies 1.38x
India Market PEG Ratio Median Figure of 632 Publicly-Listed Companies 1.18x

*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 Ceeta Industries, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Ceeta Industries's assets?
Raw Data
BSE:514171 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-03-31) in INR ₹15.65
BSE:514171 Share Price * BSE (2019-01-17) in INR ₹4.5
India Basic Materials Industry PB Ratio Median Figure of 62 Publicly-Listed Basic Materials Companies 1.44x
India Market PB Ratio Median Figure of 3,568 Publicly-Listed Companies 1.17x
BSE:514171 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:514171 Share Price ÷ Book Value per Share (both in INR)

= 4.5 ÷ 15.65

0.29x

* Primary Listing of Ceeta Industries.

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

  • Ceeta Industries is good value based on assets compared to the IN Basic Materials industry average.
X
Value checks
We assess Ceeta 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 Basic Materials 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 Basic Materials industry average (and greater than 0)? (1 check)
  5. Ceeta Industries has a total score of 3/6, 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 Ceeta Industries expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Ceeta Industries, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
21.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Ceeta Industries expected to grow at an attractive rate?
  • Ceeta Industries's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Ceeta Industries's earnings growth is expected to exceed the India market average.
  • Unable to compare Ceeta Industries's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:514171 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:514171 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 21.9%
India Basic Materials Industry Earnings Growth Rate Market Cap Weighted Average 26.4%
India Basic Materials Industry Revenue Growth Rate Market Cap Weighted Average 11.8%
India Market Earnings Growth Rate Market Cap Weighted Average 19.2%
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
BSE:514171 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (9 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.
BSE:514171 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-03-31 27 -17 4
2017-03-31 160 18 24
2016-03-31 73 -24 8

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Ceeta Industries's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Ceeta 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
BSE:514171 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Ceeta Industries Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:514171 Past Financials Data
Date (Data in INR Millions) EPS *
2018-03-31 0.28
2017-03-31 1.64
2016-03-31 0.52

*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 Ceeta Industries will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Ceeta 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.
Ceeta Industries has a total score of 3/6, 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 Ceeta 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 Ceeta Industries's growth in the last year to its industry (Basic Materials).
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.
  • Ceeta Industries's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Ceeta Industries's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Ceeta Industries's 1-year earnings growth is negative, it can't be compared to the IN Basic Materials industry average.
Earnings and Revenue History
Ceeta 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 Ceeta Industries Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:514171 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 27.10 4.13 12.13
2017-03-31 159.70 23.85 26.22
2016-03-31 72.69 7.51 17.66
2015-03-31 63.88 15.01 6.67
2014-03-31 52.36 9.98 13.32
2013-03-31 71.70 11.11 15.07
2012-03-31 30.58 27.63 17.37

*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.
  • Ceeta Industries has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • It is difficult to establish if Ceeta Industries has efficiently used its assets last year compared to the IN Basic Materials industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Ceeta Industries improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Ceeta 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 Basic Materials 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.
Ceeta 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 Ceeta 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 Ceeta Industries's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Ceeta Industries is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Ceeta Industries's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Ceeta 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.
  • Debt is covered by short term assets, assets are 9.9x 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 Ceeta Industries Company Filings, last reported 9 months ago.

BSE:514171 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-03-31 227.00 7.70 55.90
2017-03-31 222.87 5.65 52.53
2016-03-31 199.02 0.00 19.48
2015-03-31 191.51 0.00 44.88
2014-03-31 178.40 0.00 14.13
2013-03-31 168.42 0.09 10.86
2012-03-31 157.30 0.00 20.93
  • Ceeta Industries's level of debt (3.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0.1% vs 3.4% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are not well covered by earnings (EBIT is 1.2x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Ceeta 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. Ceeta Industries has a total score of 3/6, 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 Ceeta 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 Ceeta Industries dividends.
If you bought ₹2,000 of Ceeta 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 Ceeta Industries's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Ceeta 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
BSE:514171 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 Basic Materials Industry Average Dividend Yield Market Cap Weighted Average of 38 Stocks 0.7%
India Market Average Dividend Yield Market Cap Weighted Average of 1392 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 1.8%

Industry and Market average data is calculated daily.

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

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

  • Unable to perform a dividend volatility check as Ceeta Industries has not reported any payouts.
  • Unable to verify if Ceeta Industries's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Ceeta Industries's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Ceeta 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 Ceeta 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 Ceeta Industries afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Ceeta 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 Ceeta 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
Krishna Poddar
COMPENSATION ₹933,000
AGE 71
TENURE AS CEO 7.6 years
CEO Bio

Mr. Krishna Murari Poddar, B.Com has been the Managing Director of Ceeta Industries Limited since June 1, 2011. Mr. Poddar is a renowned Industrialist and has forty years of business experience in promotion, construction and operation of different industrial units in man made fiber industry, polymer industry, construction, mining, transportation, granite manufacturing etc. Mr. Poddar has been a Non-Executive Independent Non Executive Director of Techno Electric & Engineering Company Limited (Earlier-Super Wind Project Ltd.) since October 13, 2006. He has been an Executive Director of Vigneshwara Exports Ltd. since March 1, 2005. He serves as a Director of Ceeta Industries Ltd., Mindstream Technologies Pvt. Ltd. and DOMCO Pvt. Ltd. He has been a Director of Hari Machines Limited since May 15, 2009. He served as a Director of OCL Iron and Steel, Ltd., from July 11, 2007 to February 17, 2010. He is a B.Com graduate.

CEO Compensation
  • Krishna's compensation has been consistent with company performance over the past year.
  • Krishna's remuneration is lower than average for companies of similar size in India.
Management Team Tenure

Average tenure of the Ceeta Industries management team in years:

4.5
Average Tenure
  • The tenure for the Ceeta Industries management team is about average.
Management Team

Krishna Poddar

TITLE
MD & Executive Director
COMPENSATION
₹933K
AGE
71
TENURE
7.6 yrs

Anubhav Poddar

TITLE
Chief Financial Officer
COMPENSATION
₹839K
TENURE
4.3 yrs

Sneha Binani

TITLE
Compliance Officer & Company Secretary
COMPENSATION
₹361K
TENURE
4.6 yrs

P. Yamunachar

TITLE
General Manager of Accounts

Vaibhav Poddar

TITLE
General Manager of Marketing & Sales
COMPENSATION
₹538K
TENURE
4.3 yrs
Board of Directors Tenure

Average tenure of the Ceeta Industries board of directors in years:

7.3
Average Tenure
  • The tenure for the Ceeta Industries board of directors is about average.
Board of Directors

Krishna Poddar

TITLE
MD & Executive Director
COMPENSATION
₹933K
AGE
71

Sushil Chhawchharia

TITLE
Independent Non-Executive Director
COMPENSATION
₹35K
AGE
74
TENURE
10 yrs

Arabinda De

TITLE
Independent Non-Executive Director
COMPENSATION
₹30K
TENURE
20.4 yrs

Om Kedia

TITLE
Independent Non-Executive Director
COMPENSATION
₹20K
TENURE
7.3 yrs

Uma Poddar

TITLE
Non-Executive Director
COMPENSATION
₹30K
TENURE
3.8 yrs

Gautam Modi

TITLE
Non-Executive Director
COMPENSATION
₹5K
TENURE
1.1 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 Ceeta 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. Ceeta 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

External News
Loading...
Simply Wall St News

Company Info

Map
Description

Ceeta Industries Ltd. manufactures and sells pre-stressed concrete poles in India. The company operates through three segments: Granite Division, Cement Moulded product Division, and Other Operations. It also engages in the trading of transactions, including brokerage and commission; the trading of granite products; mining and transportation activities; and short term lending and miscellaneous activities. The company was incorporated in 1984 and is headquartered in Kolkata, India.

Details
Name: Ceeta Industries Ltd.
514171
Exchange: BSE
Founded: 1984
₹65,260,800
14,502,400
Website: http://www.ceeta.com
Address: Ceeta Industries Ltd.
Park Plaza,
2nd Floor,
Kolkata,
West Bengal, 700016,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 514171 Equity Shares Mumbai Stock Exchange IN INR 04. Apr 2011
Number of employees
Current staff
Staff numbers
21
Ceeta Industries employees.
Industry
Construction Materials
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/01/19 12:52
End of day share price update: 2019/01/17 00:00
Last earnings filing: 2018/08/14
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.