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Texmaco Infrastructure & Holdings

BSE:505400
Snowflake Description

Adequate balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
505400
BSE
₹6B
Market Cap
  1. Home
  2. IN
  3. Real Estate
Company description

Texmaco Infrastructure & Holdings Limited engages in the real estate and hydro power businesses primarily in India. The last earnings update was 48 days ago. More info.


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505400 Share Price and Events
7 Day Returns
-2.6%
BSE:505400
0.4%
IN Real Estate
-2.4%
IN Market
1 Year Returns
-27.5%
BSE:505400
19.9%
IN Real Estate
6.8%
IN Market
505400 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Texmaco Infrastructure & Holdings (505400) -2.6% -2.4% -1.8% -27.5% -1.7% -2.8%
IN Real Estate 0.4% 1% 11% 19.9% 63.4% 41.4%
IN Market -2.4% -0.6% 7.2% 6.8% 24.8% 27.8%
1 Year Return vs Industry and Market
  • 505400 underperformed the Real Estate industry which returned 19.9% over the past year.
  • 505400 underperformed the Market in India which returned 6.8% over the past year.
Price Volatility
505400
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Texmaco Infrastructure & Holdings 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 Texmaco Infrastructure & Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Texmaco Infrastructure & Holdings.

BSE:505400 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 14.7%
Perpetual Growth Rate 10-Year IN Government Bond Rate 6.5%

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 BSE:505400
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 6.5%
Equity Risk Premium S&P Global 7.9%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.05
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.046 (1 + (1- 35%) (4.19%))
1.05
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.05
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 6.48% + (1.05 * 7.85%)
14.72%

Discounted Cash Flow Calculation for BSE:505400 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Texmaco Infrastructure & Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

BSE:505400 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 14.72%)
2020 54.71 Est @ 4.76% 47.69
2021 57.59 Est @ 5.28% 43.76
2022 60.84 Est @ 5.64% 40.30
2023 64.43 Est @ 5.89% 37.20
2024 68.33 Est @ 6.07% 34.39
2025 72.57 Est @ 6.19% 31.83
2026 77.12 Est @ 6.28% 29.49
2027 82.01 Est @ 6.34% 27.34
2028 87.24 Est @ 6.38% 25.35
2029 92.84 Est @ 6.41% 23.51
Present value of next 10 years cash flows ₹340.00
BSE:505400 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ₹92.84 × (1 + 6.48%) ÷ (14.72% – 6.48%)
₹1,199.54
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹1,199.54 ÷ (1 + 14.72%)10
₹303.81
BSE:505400 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹340.00 + ₹303.81
₹643.81
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹643.81 / 127.43
₹5.05
BSE:505400 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹5.05
Current discount Discount to share price of ₹43.45
= -1 x (₹43.45 - ₹5.05) / ₹5.05
-760%

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

  • The current share price of Texmaco Infrastructure & Holdings is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Texmaco Infrastructure & Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Texmaco Infrastructure & Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:505400 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in INR ₹1.67
BSE:505400 Share Price ** BSE (2019-12-10) in INR ₹43.45
India Real Estate Industry PE Ratio Median Figure of 92 Publicly-Listed Real Estate Companies 12.48x
India Market PE Ratio Median Figure of 2,634 Publicly-Listed Companies 12.85x

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

** Primary Listing of Texmaco Infrastructure & Holdings.

BSE:505400 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:505400 Share Price ÷ EPS (both in INR)

= 43.45 ÷ 1.67

26.06x

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

  • Texmaco Infrastructure & Holdings is overvalued based on earnings compared to the IN Real Estate industry average.
  • Texmaco Infrastructure & Holdings is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Texmaco Infrastructure & Holdings's expected growth come at a high price?
Raw Data
BSE:505400 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 26.06x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
India Real Estate Industry PEG Ratio Median Figure of 12 Publicly-Listed Real Estate Companies 1.98x
India Market PEG Ratio Median Figure of 600 Publicly-Listed Companies 1.1x

*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 Texmaco Infrastructure & Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Texmaco Infrastructure & Holdings's assets?
Raw Data
BSE:505400 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in INR ₹47.82
BSE:505400 Share Price * BSE (2019-12-10) in INR ₹43.45
India Real Estate Industry PB Ratio Median Figure of 164 Publicly-Listed Real Estate Companies 0.66x
India Market PB Ratio Median Figure of 3,569 Publicly-Listed Companies 0.85x
BSE:505400 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:505400 Share Price ÷ Book Value per Share (both in INR)

= 43.45 ÷ 47.82

0.91x

* Primary Listing of Texmaco Infrastructure & Holdings.

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

  • Texmaco Infrastructure & Holdings is overvalued based on assets compared to the IN Real Estate industry average.
X
Value checks
We assess Texmaco Infrastructure & Holdings'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 Real Estate 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 Real Estate industry average (and greater than 0)? (1 check)
  5. Texmaco Infrastructure & Holdings has a total score of 0/6, 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 Texmaco Infrastructure & Holdings 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 Texmaco Infrastructure & Holdings 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
13.8%
Expected Real Estate industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Texmaco Infrastructure & Holdings expected to grow at an attractive rate?
  • Unable to compare Texmaco Infrastructure & Holdings's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Texmaco Infrastructure & Holdings's earnings growth to the India market average as no estimate data is available.
  • Unable to compare Texmaco Infrastructure & Holdings's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:505400 Future Growth Rates Data Sources
Data Point Source Value (per year)
India Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 13.8%
India Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 4%
India Market Earnings Growth Rate Market Cap Weighted Average 19.6%
India Market Revenue Growth Rate Market Cap Weighted Average 11.5%

*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:505400 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 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:505400 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-09-30 175 214
2019-06-30 175 243
2019-03-31 190 52 268
2018-03-31 183 17 99
2017-03-31 239 -9 210

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Texmaco Infrastructure & Holdings is high growth as no earnings estimate data is available.
  • Unable to determine if Texmaco Infrastructure & Holdings 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:505400 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Texmaco Infrastructure & Holdings Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:505400 Past Financials Data
Date (Data in INR Millions) EPS *
2019-09-30 1.67
2019-06-30 1.92
2019-03-31 2.10
2018-03-31 0.78
2017-03-31 1.65

*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 Texmaco Infrastructure & Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Texmaco Infrastructure & Holdings's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Texmaco Infrastructure & Holdings'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 Real Estate companies here
  3. Texmaco Infrastructure & Holdings'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 Texmaco Infrastructure & Holdings'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.
Texmaco Infrastructure & Holdings 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 Texmaco Infrastructure & Holdings 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 Texmaco Infrastructure & Holdings's growth in the last year to its industry (Real Estate).
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.
  • Texmaco Infrastructure & Holdings's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Texmaco Infrastructure & Holdings's 1-year earnings growth exceeds its 5-year average (16.5% vs 10.5%)
  • Texmaco Infrastructure & Holdings's earnings growth has exceeded the IN Real Estate industry average in the past year (16.5% vs -7%).
Earnings and Revenue History
Texmaco Infrastructure & Holdings'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 Texmaco Infrastructure & Holdings Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:505400 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 175.33 214.20 115.13
2019-06-30 175.09 242.80 102.43
2019-03-31 190.13 267.95 106.71
2018-03-31 182.72 99.19 94.99
2017-03-31 239.05 209.75 116.13
2016-03-31 203.26 229.35 82.01
2015-03-31 169.71 96.98 71.00
2014-03-31 179.77 162.81 66.27
2013-03-31 182.65 442.34 71.39

*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.
  • Texmaco Infrastructure & Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Texmaco Infrastructure & Holdings used its assets less efficiently than the IN Real Estate industry average last year based on Return on Assets.
  • It is difficult to establish if Texmaco Infrastructure & Holdings 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 Texmaco Infrastructure & Holdings'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 Real Estate 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.
Texmaco Infrastructure & Holdings has a total score of 3/6, 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 Texmaco Infrastructure & Holdings'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 Texmaco Infrastructure & Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Texmaco Infrastructure & Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Texmaco Infrastructure & Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Texmaco Infrastructure & Holdings'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 4.4x 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 Texmaco Infrastructure & Holdings Company Filings, last reported 2 months ago.

BSE:505400 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 6,046.89 232.51 28.34
2019-06-30 6,432.77 231.10 38.01
2019-03-31 6,432.77 261.98 259.43
2018-03-31 7,207.81 289.37 341.92
2017-03-31 6,649.83 12.05 473.13
2016-03-31 5,663.08 2.44 28.44
2015-03-31 5,080.35 0.00 21.39
2014-03-31 4,507.86 0.00 17.25
2013-03-31 4,477.65 0.00 29.67
  • Texmaco Infrastructure & Holdings's level of debt (3.8%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Texmaco Infrastructure & Holdings's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (22.5%, greater than 20% of total debt).
  • Unable to confirm if the interest payments on Texmaco Infrastructure & Holdings's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Texmaco Infrastructure & Holdings'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. Texmaco Infrastructure & Holdings has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

Dividends

 What is Texmaco Infrastructure & Holdings'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
0.46%
Current annual income from Texmaco Infrastructure & Holdings dividends.
If you bought ₹2,000 of Texmaco Infrastructure & Holdings shares you are expected to receive ₹9 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?
  • Texmaco Infrastructure & Holdings's pays a lower dividend yield than the bottom 25% of dividend payers in India (0.6%).
  • Texmaco Infrastructure & Holdings's dividend is below the markets top 25% of dividend payers in India (2.48%).
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:505400 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 Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 36 Stocks 0.7%
India Market Average Dividend Yield Market Cap Weighted Average of 1391 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 2.5%

Industry and Market average data is calculated daily.

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

BSE:505400 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2019-08-13 0.200 0.480
2019-05-13 0.200 0.437
2018-07-30 0.200 0.344
2018-05-15 0.200 0.330
2017-10-18 0.200 0.318
2016-05-30 0.200 0.472
2015-07-22 0.150 0.450
2015-05-22 0.150 0.456
2014-11-25 0.150 0.366
2013-05-30 0.150 0.533
2012-08-29 0.150 0.480
2011-05-23 0.100 0.341
2010-05-31 0.900 1.538
2009-07-24 0.750 0.569

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Texmaco Infrastructure & Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (8.3x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Texmaco Infrastructure & Holdings'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 Texmaco Infrastructure & Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Texmaco Infrastructure & Holdings has a total score of 1/6, 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 Texmaco Infrastructure & Holdings'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
Sirajuddin Khan
COMPENSATION ₹5,374,000
AGE 61
TENURE AS CEO 2.2 years
CEO Bio

Mr. Sirajuddin Khan has been Manager and Vice President of Texmaco Infrastructure & Holdings Limited since October 16, 2017. Before joining Texmaco Infrastructure & Holdings Limited, he was working as Group General Manager of (HR & IR) Corporate level in Adventz Group, Gurgaon, Haryana. He was also associated with Moserbaer Power (Madhya Pradesh) Ltd., Anuppur (M.P.), MASS-CLIMB, New Delhi, Arfat Petrochemicals Pvt. Ltd., Baroda Rayon Corporation Ltd., MafatLal Industries Ltd. (Chemical, Textile & Garment Divisions - Arvind Mafatlal Group). Mr. Khan has done his MA in Psychology from Kanpur, his PG Diploma in IR & PM and done his MBA (Personnel Management) from Nagpur University.

CEO Compensation
  • Sirajuddin's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
  • Sirajuddin's remuneration is higher than average for companies of similar size in India.
Management Team

Sirajuddin Khan

TITLE
Manager & VP
COMPENSATION
₹5M
AGE
61
TENURE
2.2 yrs

Kishor Rajgaria

TITLE
Chief Financial Officer
COMPENSATION
₹3M
AGE
51
TENURE
4.3 yrs

Gaurav Agarwala

TITLE
Chief Executive Officer of Neora Hydro
AGE
46

Raj Gambhir

TITLE
Chief Manager of Account & Finance
COMPENSATION
₹1M
AGE
44

Adesh Kumar

TITLE
Chief Manager of Human Resource & Administration
AGE
49

Mukul Aggarwal

TITLE
Chief Manager of Legal
AGE
38

Ashok Vijay

TITLE
Senior Vice President of Commercial
AGE
65

P. Ramachandran

TITLE
Senior Vice President of Projects

Asoke Sinha

TITLE
Senior Vice President of Engineering & Marketing for Rolling Stock

Suhrid Sinha

TITLE
Senior Vice President of Engineering & Marketing for Hydro Mechanical Equipment & Structural
Board of Directors Tenure

Average tenure and age of the Texmaco Infrastructure & Holdings board of directors in years:

4.4
Average Tenure
66
Average Age
  • The tenure for the Texmaco Infrastructure & Holdings board of directors is about average.
Board of Directors

Saroj Poddar

TITLE
Non-Executive Chairman
COMPENSATION
₹180K
AGE
74
TENURE
11.3 yrs

Utsav Parekh

TITLE
Independent Director
COMPENSATION
₹230K
AGE
63
TENURE
9.3 yrs

Akshay Poddar

TITLE
Non-Executive & Non Independent Director
COMPENSATION
₹200K
AGE
43
TENURE
11.3 yrs

Jyotsna Poddar

TITLE
Non-Executive & Non-Independent Director
COMPENSATION
₹160K
AGE
69
TENURE
4.8 yrs

Santosh Rungta

TITLE
Independent Director
COMPENSATION
₹250K
AGE
72
TENURE
4.1 yrs

Devarayapuram Karthikeyan

TITLE
Independent Director
COMPENSATION
₹190K
AGE
80
TENURE
3.4 yrs

Narayanan Krishnan

TITLE
Non-Executive & Non-Independent Director
COMPENSATION
₹170K
AGE
55
TENURE
3.2 yrs

Kalpataru Tripathy

TITLE
Independent Director
COMPENSATION
₹157K
AGE
47
TENURE
1.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
31. May 19 Buy Jyotsna Poddar Individual 29. May 19 29. May 19 500,000 ₹54.28 ₹27,140,547
31. May 19 Buy Saroj Poddar Individual 28. May 19 28. May 19 450,000 ₹55.53 ₹24,987,806
28. May 19 Buy Adventz Finance Private Limited Company 23. May 19 23. May 19 500,000 ₹53.87 ₹26,937,346
X
Management checks
We assess Texmaco Infrastructure & Holdings'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. Texmaco Infrastructure & Holdings 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

Company Info

Description

Texmaco Infrastructure & Holdings Limited engages in the real estate and hydro power businesses primarily in India. The company operates in three segments: Real Estate, Hydro Power, and Others. It operates a 3 megawatt mini hydel power project located at Neora, West Bengal. The company was formerly known as Texmaco Limited and changed its name to Texmaco Infrastructure & Holdings Limited in February 2012. Texmaco Infrastructure & Holdings Limited was founded in 1939 and is based in Delhi, India.

Details
Name: Texmaco Infrastructure & Holdings Limited
505400
Exchange: BSE
Founded: 1939
₹5,543,056,665
127,426,590
Website: http://www.texinfra.in
Address: Texmaco Infrastructure & Holdings Limited
Birla Lines,
G. T. Karnal Road,
Delhi,
Delhi, 110007,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 505400 Equity Shares Mumbai Stock Exchange IN INR 31. Dec 2001
NSEI TEXINFRA Equity Shares National Stock Exchange of India IN INR 31. Dec 2001
Number of employees
Current staff
Staff numbers
0
Texmaco Infrastructure & Holdings employees.
Industry
Real Estate Operating Companies
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/10 12:37
End of day share price update: 2019/12/10 00:00
Last earnings filing: 2019/10/23
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.