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Technocraft Industries (India) Ltd share Price Today

Company details

2,301.15
2,398.20
1,450.70
2,725.00
6M Return 4.06%
1Y Return 29.88%
Mkt Cap.(Cr) 5,373.11
Volume 3,499
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 3,499

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Iron & Steel Products company Technocraft Industries (India) announced Q3FY24 & 9MFY24 results:

Q3FY24 Financial Highlights:

  • Revenue from operations stood at Rs 513 crore in Q3FY24, compared to Rs 489 crore in Q3FY23.
  • EBIDTA was Rs 108 crore for Q3FY24, down from Rs 139 crore in Q3FY23.
  • Profit after tax (PAT) amounted to Rs 62 crore for Q3FY24, compared to Rs 87 crore in Q3FY23.

9MFY24 Financial Highlights:

  • For 9MFY24, revenue amounted to Rs 1,589 crore, up from Rs 1,504 crore in 9MFY23.
  • For 9MFY24, EBIDTA stood at Rs 371 crore, with an EBITDA margin of 23.36%, compared to Rs 360 crore in 9MFY23, with an EBITDA margin of 23.96%.
  • For 9MFY24, PAT stood at Rs 222 crore, compared to Rs 225 crore in 9MFY23.

 

Result PDF

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Technocraft Industries (India) Ltd shares SWOT Analysis

Strengths (5)

  • MACD Crossover Above Signal Line
  • Strong Momentum: Price above short, medium and long term moving averages
  • Company with Low Debt

Weakness (3)

  • Negative Breakdown First Support (LTP < S1)
  • Declining Revenue every quarter for the past 2 quarters
  • Declining profits every quarter for the past 2 quarters

Opportunity (1)

  • RSI indicating price strength

Threats (2)

  • Companies with growing costs YoY for long term projects
  • Increasing Trend in Non-Core Income

Resistance and support

R1 2,457.6
R2 2,488.2
R3 2,541.3
Pivot

2,404.40

S1 2,373.8
S2 2,320.7
S3 2,290.1
EMA SMA
2,313.2
2,226.2
2,180.5
2,066.6
2,297.6
2,155.3
2,173.1
2,163.7
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
ABAKKUS EMERGING OPPORTUNITIES FUND - 1 Bulk Purchase 2020-12-07 311 574842 NSE
DSP EMERGING STARS FUND Bulk Sell 2020-12-07 311.03 681455 NSE
ASHRIT HOLDINGS LIMITED Bulk Purchase 2019-08-22 300 164100 NSE
Name Category Shares
Sudarshan Kumar Saraf PROMOTER 28.01%
Shakuntala Saraf PROMOTER 21.31%
Sharad Kumar Saraf HUF PROMOTER 9.09%
Navneet Kumar Saraf PROMOTER 5.83%
Nidhi Saraf PROMOTER 2.24%
Ashish Kumar Saraf PROMOTER 2.08%
Priyanka Ashish Saraf PROMOTER 2.06%
Sharad Kumar Saraf PROMOTER 1.68%
Ritu Saraf PROMOTER 0.65%
Ashrit Holdings Limited PROMOTER 0.87%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Technocraft Industries (India) Ltd Stocks COMPARISON

Financials( in Cr) Technocraft Industries (India) Ltd JSW Steel Ltd Tata Steel Ltd Jindal Steel & Power Ltd Tube Investments of India Ltd
Price 2,340.00 887.25 169.45 1,027.80 3,705.75
% Change -3.58 -1.62 -2.75 -1.04 -0.41
Mcap Cr 5,373.11 216,972.91 211,533.45 104,844.64 71,669.95
Revenue TTM Cr 1,984.53 165,960.00 243,352.69 53,211.52 14,964.73
Net Profit TTM Cr 278.28 4,139.00 8,075.35 3,974.09 1,325.06
PE TTM 21.50 26.22 88.43 17.85 108.37
1 Year Return 29.88 26.35 56.25 93.27 29.34
ROCE 22.14 8.60 12.10 14.17 33.06
ROE 22.78 6.22 7.48 13.27 37.40
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 1,415.82 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 38,211.58 -20,152.87
LAST 3M 113,440.41 -31,179.37
LAST 6M 172,266.38 32,742.67
LAST 12M 272,035.18 123,918.17
Board Meeting for Today

May 29, 2024 l Board Meetings for Today

NSE Board Meetings Forthcomming

May 29, 2024 l NSE Board Meetings Forthcomming

Technocraft Industries (India) Limited - Analysts/Institutional Investor Meet/Con. Call Updates

May 28, 2024 l NSE Announcement

Date Action Type Ratio
No data found

Technocraft Industries (India) Ltd Information

Stock PE (TTM)
21.5
Promoter Holding
74.61%
Book Value
682.0977
ROCE
22.14%
ROE
22.78%
Description
  • Technocraft Industries (India) Limited was incorporated on Oct` 28, 1992 by two brothers Mr. S.K. Saraf and Mr. S.M. Saraf. The Company is well diversified having its business Interest in Drum Closures (2nd Largest in the World), Scaffolding & Formworks, Yarn, Fabrics & Garments. Until 1976 Technocraft focused on the domestic market. India was not recognized as reliable export nation those days, against all the odds, the company launched a major export drive in 1977. "Technocraft" was recognised as an export house by government of India in 1979. "Technocraft" initially captured the Middle East export market. Gradually Technocraft moved to USA and Europe. Since customers in USA and Europe were used to buy Drum Closures from the Company`s competitors based in Europe and USA, on a very short notice, Technocraft established several foreign subsidiary companies for facilitation of the stock flow to their customers in Europe and USA. At the initial stages the group`s strengths were in manufacturing of Drum closures. From inception till 1994,Technocraft continued developing and increasing the production of Drum Closures until it became one of the world largest and most recognized suppliers of Drum Closures. The company subsequently in 1994 acquired a sick unit "Maharashtra Steel Tubes Ltd" from SICOM, which was into the manufacture of Steel Pipes. The initial production in the early years post acquisition was 500 metric ton per month and in those days Europe was a major importer of steel pipe. Technocraft opened an office in United Kingdom (UK) so as to tap the European market. This was the turning point in its expansion program. In 1997, Technocraft diversified into manufacturing of Cotton Yarn. The Unit was accorded a 100% EOU status. The cotton yarn division is into Manufacturing & Exporting of high quality 100% Cotton Ring Spun Yarn. From NE 20 to NE 40, the spinning mill is equipped with world class Swiss, Japanese and other equipment. The cotton yarn division employs highly trained technical experts in all aspects of yarn spinning. It also has a Captive power generation plant in the yarn division to cater to its power requirements. Technocraft as a group has been a predominant player in the precision engineering sector & it has done a forward integration of Tube Division by producing high precision scaffolding systems for building construction. The cotton yarn division has also forward integrated its operations by production & export of Garments through its subsidiary Technocraft has been constantly upgrading its capacity & improving its standards to meet the ever-increasing expectations of its customers. The strategy adopted by the company comprises of growth through constant innovation, enter new categories, and focus both on domestic as well as foreign markets. Currently, the company has having ten subsidiaries out of that three are Indian companies and balance are foreign companies. Viz. Technosoft Information technologies (I) Limited, Techno Exports Private Limited, Danube Fashions Limited, Technocraft Trading Spolka, Z.O.O Poland, Technocraft (Hungary) KFT, Technocraft International Ltd, Bopp A. G., CAE Systems GmbH, Impact Engineering Solutions Inc., and Technocraft Australia Pty. Ltd. January 2007, the company has entered into capital market. The company has issued 83,20,000 Equity shares to the public. Issue price is Rs.105/- per share. During the year 2007-08, the I.T.Division of BMS Industries Limited, a promoter Group Company was demerged into Technosoft Information Technologies (India) Limited, Subsidiary Company of the Technocraft Industries (India) Limited (Holding Company), through the Scheme of Demerger made effective from 1st April, 2007, the Appointed Date of Scheme. Danube Fashions Limited, a wholly owned subsidiary got amalgamated with the Company effective from 1 April 2007. During the year 2009-10, Mulox Sacks Private Limited (Mulox), a wholly owned subsidiary and the Company got amalgamated with appointed date, April 1, 2008. The Company commissioned 15 MW power plant in 2009-10. Anhui Reliable Steel Technology Co., Ltd. (ARST) commenced the commercial production of Scaffolding components effective from 1st January 2010. During the year 2010-11, Technocraft Export Private Limited, a 100% subsidiary of the Company, was amalgamated on 06 May, 2011. The Company acquired 100% subsidiary company Technosoft Information Technology Ltd. specializing in Engineering, Procurement, Construction and Management Services in Calgary, Canada during the financial year 2012-13. Highmark International Trading FZE, UAE became subsidiary during the year 2014-15. AAIT / Technocraft Scaffold Distribution LLC, USA was made the subsidiary Company during the year 2015-16. New Defence Division was started at Murbad Factory in 2016-17. Products like Canister for missiles, Metal Part for Parachute, Hanger door for Navy, JT Cooler etc. were developed. During the Financial Year 2017-18, Technosoft Engineering Projects Limited sold its entire holding in Swift Engineering Inc., Canada (i.e. 59%) to Highmark International Trading FZE, UAE (step down subsidiary of the Company), and Highmark International Trading FZE purchased remaining 41% holding from the other shareholders and thus Swift Engineering became 100% step down subsidiary. Technosoft Engineering UK Ltd, 2045690 Alberta Ltd, CANADA and Technosoft Services, INC.,USA became the New Subsidiaries during the year 2017-18. Swift Engineering Inc., Canada has sold its entire holding in Swift Projects Inc., USA (i.e. 100%) to 2045690 Alberta Ltd, CANADA [Step Engineering] (step down subsidiary of the company), on arm`s length price. Ownership of AAIT / Technocraft Scaffold Distribution LLC was transferred from HITF-UAE to TIL-UK. Technocraft NZ Limited became the New Subsidiary during the year 2018-19; TIL Marketing Private Limited, Paithan Eco Foods Private Limited and Swift Engineering Inc., Canada have ceased to be subsidiaries of the Company in 2018-19. A New Manufacturing Unit having capacity of 31008 spindles was started at Amravati, Maharashtra during the year 2019-20. During the year 2019-20, Shivale Infraproducts Private Limited was made the new Subsidiary. Benten Technologies LLP became the new Joint Venture Company in 2020. Technocraft Fashions Limited became the new Subsidiary during the financial year 2020-21. During the Financial Year 2021-22, Technocraft Textiles Limited and Technomatic Packaging Private Limited became the New Subsidiaries and Technocraft Australia Pty Ltd, ceased to be subsidiary of the Company.

Registered Address

Opus Centre 47 Central Road, MIDC Andheri (East), Mumbai, Maharashtra, 400093

Tel : 91-22-4098222/2202
Email : investor:technocraftgroup.com; cs:technocraftgroup
Website : http://www.technocraftgroup.com
Registrar

System Support Services

AGM Date (Month) : Sep
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 532804
NSE Code : TIIL
Book Closure Date (Month) : Sep
BSE Group : B
ISIN : INE545H01011

FAQ’s on Technocraft Industries (India) Ltd Shares

You can buy Technocraft Industries (India) Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Technocraft Industries (India) Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 30, 2024 09:29 AM the closing price of Technocraft Industries (India) Ltd was Rs.2,340.00.

Market capitalization or market cap is determined by multiplying the current market price of a company�s shares with the total number of shares outstanding. As of May 30, 2024 09:29 AM, the market cap of Technocraft Industries (India) Ltd stood at Rs. 5,373.11.

The latest PE ratio of Technocraft Industries (India) Ltd as of May 30, 2024 09:29 AM is 21.50

The latest PB ratio of Technocraft Industries (India) Ltd as of May 30, 2024 09:29 AM is 0.28

The 52-week high of Technocraft Industries (India) Ltd share price is Rs. 2,725.00 while the 52-week low is Rs. 1,450.70

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