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
Indian Link Chain Manufactures. This is due to cash flow or dividend data being
unavailable. The share price is
₹546.05.
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
Indian Link Chain Manufactures's
earnings,
growth
and
assets
is considered below, and whether this is a fair price.
Price based on past earnings
Are
Indian Link Chain Manufactures's earnings available for a low price, and how does
this compare to other companies in the same industry?
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 Indian Link Chain Manufactures 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!
16.9%
Expected Trade Distributors industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is
Indian Link Chain Manufactures
expected to grow at an
attractive
rate?
Unable to compare Indian Link Chain Manufactures's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
Unable to compare Indian Link Chain Manufactures's earnings growth to the India market average as no estimate data is available.
Unable to compare Indian Link Chain Manufactures's revenue growth to the India market average as no estimate data is available.
Unable to determine if Indian Link Chain Manufactures is high growth as no earnings estimate data is available.
Unable to determine if Indian Link Chain Manufactures 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.
All data from Indian Link Chain Manufactures Company Filings, last reported 2 months ago, and in
Trailing twelve months (TTM)
annual period rather than quarterly.
BSE:504746 Past Financials Data
Date (Data in INR Millions)
EPS *
2019-09-30
77.12
2019-06-30
86.70
2019-03-31
95.76
2018-12-31
52.79
2018-09-30
-6.64
2018-06-30
-5.72
2018-03-31
-3.30
2017-12-31
20.49
2017-09-30
20.58
2017-06-30
28.32
2017-03-31
29.05
2016-12-31
-13.20
*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 Indian Link Chain Manufactures will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Next steps:
Examine whether Indian Link Chain Manufactures is trading at Indian Link Chain Manufactures'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.
Indian Link Chain Manufactures'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
Indian Link Chain Manufactures's competitive advantages and company strategy can generally be found in its financial reports archived here.
We assess
Indian Link Chain Manufactures's future performance by looking at:
Is the annual earnings growth rate expected to beat the low risk savings rate, plus a
premium to keep pace with inflation?
Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia market? (1 check)
Is the annual earnings growth rate expected to be above 20%? (1 check)
Is the annual revenue growth rate expected to be above 20%? (1 check)
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.
Indian Link Chain Manufactures
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.
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
Indian Link Chain Manufactures's growth in the last year to its industry (Trade Distributors).
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.
Indian Link Chain Manufactures's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
Indian Link Chain Manufactures has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
Indian Link Chain Manufactures has become profitable in the last year making it difficult to compare the IN Trade Distributors industry average.
Earnings and Revenue History
Indian Link Chain Manufactures'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.
All data from Indian Link Chain Manufactures Company Filings, last reported 2 months ago, and in
Trailing twelve months (TTM)
annual period rather than quarterly.
BSE:504746 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions)
Revenue
Net Income *
G+A Expenses
R&D Expenses
2019-09-30
4.99
3.86
3.93
2019-06-30
4.45
4.34
2.46
2019-03-31
4.19
4.79
1.48
2018-12-31
5.33
2.64
0.97
2018-09-30
6.77
-0.33
0.27
2018-06-30
6.51
-0.29
0.27
2018-03-31
7.02
-0.17
0.27
2017-12-31
7.24
1.02
0.26
2017-09-30
7.62
1.03
0.11
2017-06-30
9.12
1.42
0.26
2017-03-31
9.16
1.45
0.26
2016-12-31
7.43
-0.66
0.27
2016-09-30
5.37
-0.82
0.27
2016-06-30
4.17
-1.17
0.25
2016-03-31
2.52
-1.59
0.27
2015-12-31
3.29
-3.17
0.91
2015-09-30
3.03
-3.03
0.91
2015-06-30
2.16
-2.81
0.87
2015-03-31
2.28
-2.37
0.24
2014-12-31
1.49
-0.58
0.71
2014-09-30
1.59
32.45
0.68
2014-06-30
1.64
32.76
0.71
2014-03-31
1.25
32.97
0.65
2013-12-31
1.25
33.20
0.60
2013-09-30
1.25
0.58
0.74
2013-06-30
1.20
8.97
0.62
2013-03-31
1.32
9.02
0.66
2012-12-31
1.16
9.10
0.58
*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.
Indian Link Chain Manufactures has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
Indian Link Chain Manufactures used its assets more efficiently than the IN Trade Distributors industry average last year based on Return on Assets.
It is difficult to establish if Indian Link Chain Manufactures improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
We assess
Indian Link Chain Manufactures's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
Trade Distributors
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
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.
Indian Link Chain Manufactures
has a total score of
1/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
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
Indian Link Chain Manufactures's finances.
The net worth of a company is the difference between its assets and liabilities.
Net Worth
Indian Link Chain Manufactures's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
Indian Link Chain Manufactures has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of
Indian Link Chain Manufactures'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.
Indian Link Chain Manufactures has no debt, it does not need to be 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.
We assess
Indian Link Chain Manufactures's financial health by checking for:
Are short term assets greater than short term liabilities? (1 check)
Are short term assets greater than long term liabilities? (1 check)
Has the debt to equity ratio increased in the past 5 years? (1 check)
Is the debt to equity ratio over 40%? (1 check)
Is the debt covered by operating cash flow? (1 check)
Are earnings greater than 5x the interest on debt (if company pays interest
at all)? (1 check)
Indian Link Chain Manufactures
has a total score of
5/6, 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:
Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
0%
Current annual income from
Indian Link Chain Manufactures
dividends.
If you bought
₹2,000 of
Indian Link Chain Manufactures
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 Indian Link Chain Manufactures's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
Unable to evaluate Indian Link Chain Manufactures'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.
We assess
Indian Link Chain Manufactures's dividend by checking for:
Firstly is the company paying a notable dividend (greater than 0.3%) - if
not then the rest of the checks are ignored.
Is current dividend yield above the bottom 25% of dividend payers? (1 check)
Is current dividend yield above the top 25% of dividend payers? (1 check)
Have they paid a dividend for 10 years, and during this period has the
dividend been volatile (drop of more than 25%)? (1 check)
If they have paid a dividend for 10 years has it increased in this time? (1
check)
How sustainable is the dividend, can
Indian Link Chain Manufactures
afford to pay it from its earnings today and in 3 years (Payout ratio less than
90%)? (2 checks)
Indian Link Chain Manufactures
has a total score of
0/6, see the detailed checks below.
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
PravinNevatia
COMPENSATION
₹45,000
AGE
83
TENURE AS CEO
10.2 years
CEO Bio
Mr. Pravin Kumar Nevatia has been the Managing Director of The Indian Link Chain Manufactures Ltd. since October 1, 2009 and served as its Compliance Officer from May 06, 2019 until June 28, 2019. He is Director of The Indian Link Chain Manufactures Ltd. He holds B.A. and L.L.B.
CEO Compensation
Pravin's compensation has been consistent with company performance over the past year, both up more than 20%.
Pravin's remuneration is lower than average for companies of similar size in India.
Management Team Tenure
Average tenure and age of the
Indian Link Chain Manufactures
management team in years:
1.3
Average Tenure
64
Average Age
The average tenure for the Indian Link Chain Manufactures management team is less than 2 years, this suggests a new team.
Management Team
Pravin Nevatia
TITLE
MD & Director
COMPENSATION
₹45K
AGE
83
TENURE
10.2 yrs
Sudhir Nevatia
TITLE
MD, CFO & Additional Director
COMPENSATION
₹950K
AGE
58
TENURE
1.3 yrs
Harsh Hari Nevatia
TITLE
MD & Additional Director
COMPENSATION
₹950K
AGE
64
TENURE
1.3 yrs
Anjali Bamboria
TITLE
Compliance Officer & Company Secretary
TENURE
0.5 yrs
Board of Directors Tenure
Average tenure and age of the
Indian Link Chain Manufactures
board of directors in years:
1.4
Average Tenure
62
Average Age
The average tenure for the Indian Link Chain Manufactures board of directors is less than 3 years, this suggests a new board.
Board of Directors
Pravin Nevatia
TITLE
MD & Director
COMPENSATION
₹45K
AGE
83
TENURE
30.2 yrs
Sudhir Nevatia
TITLE
MD, CFO & Additional Director
COMPENSATION
₹950K
AGE
58
TENURE
1.3 yrs
Harsh Hari Nevatia
TITLE
MD & Additional Director
COMPENSATION
₹950K
AGE
64
TENURE
1.3 yrs
Balkrishan Jhunjhunwala
TITLE
Independent Director
AGE
62
TENURE
1.4 yrs
Vandana Nevatia
TITLE
Additional Woman Director
TENURE
4.8 yrs
Nagesh Tiwari
TITLE
Independent Director
AGE
60
TENURE
1.4 yrs
Who owns this company?
Recent Insider Trading
No 3 month open market individual insider trading information.
The Indian Link Chain Manufactures Limited engages in trading chains and chemicals in India. The company was incorporated in 1956 and is based in Mumbai, India.
The Indian Link Chain Manufactures Limited
59, Sonawala Building,
2nd Floor,
Mumbai,
Maharashtra, 400023,
India
Listings
Exchange Symbol
Ticker Symbol
Security
Exchange
Country
Currency
Listed on
BSE
504746
Equity Shares
Mumbai Stock Exchange
IN
INR
02. Jan 2004
Number of employees
Current staff
1
Indian Link Chain Manufactures
employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area
Date (UTC time)
Company Analysis updated:
2019/12/12 12:41
End of day share price update:
2019/11/05 00:00
Last earnings filing:
2019/11/05
Last earnings reported:
2019/09/30
Last annual earnings reported:
2019/03/31
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.