International Constructions Ltd.

•

₹ 894.95%

2023-01-04

inltd.co.inBSE: -NSE: SUBCAPCITY

Market Cap₹ 32 Cr.

Current Price₹ 89

High / Low₹ 89 / 89

Stock P/E—

Book Value₹ 104

Price to Book0.86

Dividend Yield0.00 %

ROCE-24.3 %

ROE-56.8 %

Face Value₹ 10

Add ratio to table

ABOUT

KEY POINTS

PROS

Solid return on assets for a lender - ROA of 34.0%
Asset quality is healthy - gross NPA of just 0.0%

CONS

Company is loss-making at the operating / net level
Capital adequacy is tight at 0.0% - limited headroom to grow
Company has a low return on equity of -16.6% over last 3 years
Company has a low return on capital employed of -2.4%
Free cash flow has been persistently negative
Thin net interest margin of 0.0%

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS

Financial ServicesFinanceFinance - NBFC

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	BAJFINANCE	1078.60	33.07	671531.43	0.56	6080.60	27.60	23165.45	20.37	10.87	70.70
2.	SHRIRAMFIN	1104.90	22.97	259981.15	0.98	3452.77	59.90	13400.43	17.46	11.49	74.63
3.	JIOFIN	242.70	77.55	160258.25	0.25	830.25	155.73	2004.47	227.28	2.11	69.71
4.	CHOLAFIN	1866.25	27.72	159390.07	0.11	1656.22	45.56	8856.29	21.89	9.70	70.07
5.	TATACAP	365.15	28.68	155001.39	0.16	16281.80	1464.16	88219.30	1051.00	8.66	75.72
6.	BAJAJHLDNG	11322.85	14.23	126015.97	1.72	2708.08	-92.27	394.33	23.34	14.81	684.72
7.	MUTHOOTFIN	2859.20	10.09	114787.87	1.05	2824.84	43.08	8671.60	36.25	15.87	83.76
8.	ABCAPITAL	396.75	26.46	108592.29	0.00	1223.85	43.85	12179.54	137.84	8.82	41.91
9.	LTF	315.00	24.80	78940.44	0.87	915.99	30.70	5212.92	22.38	8.54	62.13
10.	SBICARD	626.30	0.00	59601.37	0.40	664.44	19.51	5040.55	7.60	11.75	29.83
11.	HDBFS	681.15	26.00	56579.31	0.59	785.20	38.31	4937.90	18.71	9.09	57.98
12.	SUBCAPCITY	89.05	0.00	32.36	0.00	-334.27	-4258.15	515.55	2619.15	-24.31	-52.66

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022
	79	85	15	19	18	17	16	516
	69	33	21	29	30	27	24	856
Operating Profit	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—
Other Income	13	1	1	1	1	21	2	28
Interest	5	4	4	5	5	5	4	23
Depreciation	8	4	2	2	2	1	1	49
	6	53	-4	-6	-11	10	-4	-315
Tax %	62.36%	34.63%	-28.57%	-34.09%	54.02%	-108.29%	39.49%	-6.17%
Net Profit	2	35	-5	-8	-5	21	-2	-334
	1	11	-1	-1	-1	5	-1	-69
Equity Capital	36	36	36	36	36	36	36	36
Reserves	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Equity Capital	36	36	36	36	36	36	36	36
Reserves	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Dec 2020

: 79
: 69
Operating Profit: —
OPM %: —
Other Income: 13
Interest: 5
Depreciation: 8
: 6
Tax %: 62.36%
Net Profit: 2
: 1
Equity Capital: 36
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 36
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2021

: 85
: 33
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 4
Depreciation: 4
: 53
Tax %: 34.63%
Net Profit: 35
: 11
Equity Capital: 36
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 36
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2021

: 15
: 21
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 4
Depreciation: 2
: -4
Tax %: -28.57%
Net Profit: -5
: -1
Equity Capital: 36
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 36
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2021

: 19
: 29
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 5
Depreciation: 2
: -6
Tax %: -34.09%
Net Profit: -8
: -1
Equity Capital: 36
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 36
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2021

: 18
: 30
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 5
Depreciation: 2
: -11
Tax %: 54.02%
Net Profit: -5
: -1
Equity Capital: 36
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 36
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2022

: 17
: 27
Operating Profit: —
OPM %: —
Other Income: 21
Interest: 5
Depreciation: 1
: 10
Tax %: -108.29%
Net Profit: 21
: 5
Equity Capital: 36
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 36
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2022

: 16
: 24
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 4
Depreciation: 1
: -4
Tax %: 39.49%
Net Profit: -2
: -1
Equity Capital: 36
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 36
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2022

: 516
: 856
Operating Profit: —
OPM %: —
Other Income: 28
Interest: 23
Depreciation: 49
: -315
Tax %: -6.17%
Net Profit: -334
: -69
Equity Capital: 36
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 36
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Mar 2022	Mar 2023	TTM
	16	7	105	566
	9	8	120	937
Operating Profit	9	1	-6	—
OPM %	55	16	-6	—
Other Income	2	2	10	52
Interest	2	2	4	37
Depreciation	1	1	10	53
	4	-1	-20	-320
Tax %	59	134	-22	-0
Net Profit	2	0	-25	-321
EPS	6	1	-45	—
Dividend Payout %	0	0	0	—
Minority Interest	0	0	8	0
Share of Associates	0	0	0	-1
Adjusted EPS	6	1	-45	—
Minority Interest	0	0	8	0
Share of Associates	0	0	0	-1
Adjusted EPS	6	1	-45	—

Mar 2021

: 16
: 9
Operating Profit: 9
OPM %: 55
Other Income: 2
Interest: 2
Depreciation: 1
: 4
Tax %: 59
Net Profit: 2
EPS: 6
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 6
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 6

Mar 2022

: 7
: 8
Operating Profit: 1
OPM %: 16
Other Income: 2
Interest: 2
Depreciation: 1
: -1
Tax %: 134
Net Profit: 0
EPS: 1
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1

Mar 2023

: 105
: 120
Operating Profit: -6
OPM %: -6
Other Income: 10
Interest: 4
Depreciation: 10
: -20
Tax %: -22
Net Profit: -25
EPS: -45
Dividend Payout %: 0
Minority Interest: 8
Share of Associates: 0
Adjusted EPS: -45
Minority Interest: 8
Share of Associates: 0
Adjusted EPS: -45

TTM

: 566
: 937
Operating Profit: —
OPM %: —
Other Income: 52
Interest: 37
Depreciation: 53
: -320
Tax %: -0
Net Profit: -321
EPS: —
Dividend Payout %: —
Minority Interest: 0
Share of Associates: -1
Adjusted EPS: —
Minority Interest: 0
Share of Associates: -1
Adjusted EPS: —

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: 91%
1 Year:: 327%

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: -17%
Last Year:: -57%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Mar 2022	Mar 2023
LIABILITIES	-	-	-
Equity Capital	4	4	4
	27	31	49
	6	9	5
Trade Payables	4	0	6
	45	57	102
Total Liabilities	86	101	166
ASSETS	-	-	-
	55	52	47
	16	21	11
Inventories	1	0	0
	8	3	21
Cash & Bank	0	0	11
	7	24	77
Total Assets	86	101	166
Total Debt	11	14	31
Net Working Capital	-5	-10	53
Contingent Liabilities	53	29	47
Book Value per Share	84.68	95.51	144.69
Face Value	10.00	10.00	10.00
Total Debt	11	14	31
Net Working Capital	-5	-10	53
Contingent Liabilities	53	29	47
Book Value per Share	84.68	95.51	144.69
Face Value	10.00	10.00	10.00

Mar 2021

Equity Capital: 4
: 27
: 6
Trade Payables: 4
: 45
Total Liabilities: 86
: 55
: 16
Inventories: 1
: 8
Cash & Bank: 0
: 7
Total Assets: 86
Total Debt: 11
Net Working Capital: -5
Contingent Liabilities: 53
Book Value per Share: 84.68
Face Value: 10.00
Total Debt: 11
Net Working Capital: -5
Contingent Liabilities: 53
Book Value per Share: 84.68
Face Value: 10.00

Mar 2022

Equity Capital: 4
: 31
: 9
Trade Payables: 0
: 57
Total Liabilities: 101
: 52
: 21
Inventories: 0
: 3
Cash & Bank: 0
: 24
Total Assets: 101
Total Debt: 14
Net Working Capital: -10
Contingent Liabilities: 29
Book Value per Share: 95.51
Face Value: 10.00
Total Debt: 14
Net Working Capital: -10
Contingent Liabilities: 29
Book Value per Share: 95.51
Face Value: 10.00

Mar 2023

Equity Capital: 4
: 49
: 5
Trade Payables: 6
: 102
Total Liabilities: 166
: 47
: 11
Inventories: 0
: 21
Cash & Bank: 11
: 77
Total Assets: 166
Total Debt: 31
Net Working Capital: 53
Contingent Liabilities: 47
Book Value per Share: 144.69
Face Value: 10.00
Total Debt: 31
Net Working Capital: 53
Contingent Liabilities: 47
Book Value per Share: 144.69
Face Value: 10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Mar 2022	Mar 2023
	-4	18	-10
Cash from Investing	-1	-20	-21
Cash from Financing	5	2	41
	-0	0	11
Free Cash Flow	-4	18	-27
OCF / Net Profit	-2.09	52.29	0.40
Cumulative 5-Year FCF	0	0	0
OCF / Net Profit	-2.09	52.29	0.40
Cumulative 5-Year FCF	0	0	0

Mar 2021

: -4
Cash from Investing: -1
Cash from Financing: 5
: -0
Free Cash Flow: -4
OCF / Net Profit: -2.09
Cumulative 5-Year FCF: 0
OCF / Net Profit: -2.09
Cumulative 5-Year FCF: 0

Mar 2022

: 18
Cash from Investing: -20
Cash from Financing: 2
: 0
Free Cash Flow: 18
OCF / Net Profit: 52.29
Cumulative 5-Year FCF: 0
OCF / Net Profit: 52.29
Cumulative 5-Year FCF: 0

Mar 2023

: -10
Cash from Investing: -21
Cash from Financing: 41
: 11
Free Cash Flow: -27
OCF / Net Profit: 0.40
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.40
Cumulative 5-Year FCF: 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Mar 2022	Mar 2023
PER SHARE	-	-	-
EPS (₹)	6.11	1.00	-45.08
Book Value (₹)	84.68	95.51	144.69
Dividend per Share (₹)	0.00	0.00	0.00
Cash EPS (₹)	8.77	2.96	-41.04
PROFITABILITY	-	-	-
Operating Margin %	45.47%	-18.07%	-14.99%
Net Margin %	10.66%	4.99%	-23.66%
ROE %	6.09%	1.05%	-56.81%
ROCE %	15.19%	1.80%	-24.31%
	2.16%	0.37%	-18.54%
EFFICIENCY	-	-	-
Debtor Days	91	294	41
Inventory Days	14	27	0
Payable Days	1416	1107	1404
	-1311	-785	-1362
FINANCIAL HEALTH	-	-	-
Debt to Equity (x)	0.36x	0.42x	0.59x
Interest Coverage (x)	3.63x	0.44x	-3.88x
	0.71x	0.64x	1.99x
GROWTH	-	-	-
Revenue Growth %	0.00%	-57.79%	1415.32%
Operating Profit Growth %	226.27%	-87.85%	-652.24%
Net Profit Growth %	125.67%	-80.25%	-7291.45%
	132.63%	-83.65%	-4615.45%
VALUATION	-	-	-
P/E (x)	2.86x	44.38x	0.00x
P/B (x)	0.21x	0.46x	0.00x
Dividend Yield %	0.00%	0.00%	0.00%
	1.88x	27.32x	-3.91x

Mar 2021

EPS (₹): 6.11
Book Value (₹): 84.68
Dividend per Share (₹): 0.00
Cash EPS (₹): 8.77
Operating Margin %: 45.47%
Net Margin %: 10.66%
ROE %: 6.09%
ROCE %: 15.19%
: 2.16%
Debtor Days: 91
Inventory Days: 14
Payable Days: 1416
: -1311
Debt to Equity (x): 0.36x
Interest Coverage (x): 3.63x
: 0.71x
Revenue Growth %: 0.00%
Operating Profit Growth %: 226.27%
Net Profit Growth %: 125.67%
: 132.63%
P/E (x): 2.86x
P/B (x): 0.21x
Dividend Yield %: 0.00%
: 1.88x

Mar 2022

EPS (₹): 1.00
Book Value (₹): 95.51
Dividend per Share (₹): 0.00
Cash EPS (₹): 2.96
Operating Margin %: -18.07%
Net Margin %: 4.99%
ROE %: 1.05%
ROCE %: 1.80%
: 0.37%
Debtor Days: 294
Inventory Days: 27
Payable Days: 1107
: -785
Debt to Equity (x): 0.42x
Interest Coverage (x): 0.44x
: 0.64x
Revenue Growth %: -57.79%
Operating Profit Growth %: -87.85%
Net Profit Growth %: -80.25%
: -83.65%
P/E (x): 44.38x
P/B (x): 0.46x
Dividend Yield %: 0.00%
: 27.32x

Mar 2023

EPS (₹): -45.08
Book Value (₹): 144.69
Dividend per Share (₹): 0.00
Cash EPS (₹): -41.04
Operating Margin %: -14.99%
Net Margin %: -23.66%
ROE %: -56.81%
ROCE %: -24.31%
: -18.54%
Debtor Days: 41
Inventory Days: 0
Payable Days: 1404
: -1362
Debt to Equity (x): 0.59x
Interest Coverage (x): -3.88x
: 1.99x
Revenue Growth %: 1415.32%
Operating Profit Growth %: -652.24%
Net Profit Growth %: -7291.45%
: -4615.45%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: -3.91x

Shareholding Pattern

Numbers in percentages

TRADES

	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022
	75.00	75.00	75.00	75.00	75.00	75.00	75.00	75.00
FIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	25.01	25.00	25.00	25.00	25.01	25.00	25.00	25.00

Dec 2020

: 75.00
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 25.01

Mar 2021

: 75.00
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 25.00

Jun 2021

: 75.00
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 25.00

Sep 2021

: 75.00
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 25.00

Dec 2021

: 75.00
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 25.01

Mar 2022

: 75.00
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 25.00

Jun 2022

: 75.00
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 25.00

Sep 2022

: 75.00
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 25.00

Documents

Announcements

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Annual Reports

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Credit Ratings

Nothing filed yet.

Concalls

Nothing filed yet.