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Stakeholders’ Education | Corporate Governance Research | Corporate Governance Score | Proxy Advisory STAKEHOLDERS EMPOWERMENT SERVICES 1 | P AGE SECTOR: AUTO REPORTING DATE: 29 TH NOVEMBER, 2017 CASTEX TECNOLOGIES LTD www.amtek.com Castex Technologies Ltd NSE Code - CASTEXTECH TABLE 1 - MARKET DATA (STANDALONE) (AS ON 28 TH NOVEMBER, 2017) Sector - Auto Ancillaries NSE Market Price (`) 5.25 NSE Market Cap. (₹ Cr.) 195.49 Face Value (`) 2.00 Equity (` Cr.) 75.62 Business Group - Amtek Group 52 week High/Low (₹) 11.00/4.75 Net worth (₹ Cr.)* 1,004.81 Year of Incorporation - 1983 TTM P/E (TTM) N.A. Traded Volume (Shares) 16,80,156 TTM P/BV 0.11 Traded Volume (lacs) 88.21 Registered Office - Source - Capitaline, TTM - Trailing Twelve Months, N.A. - Not Applicable,* As on 30 th Sept 2017 Village Narsinghpur, COMPANY BACKGROUND Old Manesar Road, Castex Technologies Limited, formerly Amtek India Limited, is an India-based iron casting company. The Company's principal activity is motor vehicle parts and accessory manufacturing service. The Company offers a range of engineered components, including cylinder head, cylinder blocks and turbo charger housing. The Company's product portfolio consists of a range of components for 2/3 wheelers, cars, tractors, light commercial vehicles (LCV), heavy commercial vehicles (HCV) and stationary engines. The Company's ring gears include flywheel ring gears, machining, forging, casting aluminum, such as high-performance parallel and distributed computing (HPDC), and gravity die casting (GDC), and casting iron (HPDC & GDC). The Company's flying ring gears manufacturing facility is engaged in the machining of a range of large and medium sized automotive components. The Company offers its services to automotive and nonautomotive component sectors. The Company's subsidiary is Amtek Kupper GmbH. Gurgaon – 123106, Haryana Company Website: www.amtek.com Revenue and Profit Performance The revenue of the Company decreased from ₹ 403.73 crores to ₹ 150.97 crores from quarter ending Sep’16 to quarter ending Sep’17. The Company made a loss of ₹ 322.05 crores in quarter ending Sep’17 vis-a-vis making a loss of ₹ 531.35 crores in quarter ending Sep’16. Source: Moneycontrol Performance vis-à-vis Market TABLE 2- Returns 1-m 3-m 6-m 12-m Castex Technologies Ltd -1.92% -11.76% -30.14% -44.86% Nifty 0.06% 3.82% 7.42% 27.35% NIFTY AUTO -0.18% 5.11% 4.24% 26.54% Source - Capitaline/NSE 150.97 277.56 403.73 -322.05 -201.70 -531.35 -1,000 -500 0 500 Sep'17 Mar'17 Sep'16 Quarterly revenue and Profit (₹ CRORE) Revenue Profit 0.00 0.50 1.00 1.50 Dec 16 Feb 17 Apr 17 Jun 17 Aug 17 Oct 17 Castex Technologies Ltd NIFTY NIFTY AUTO

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Page 1: National Stock Exchange of India - STAKEHOLDERS … · 2018-03-15 · Castex Technologies Limited, formerly Amtek India Limited, is an India-based iron casting company. The Company's

Stakeholders’ Education | Corporate Governance Research | Corporate Governance Score | Proxy Advisory

STAKEHOLDERS EMPOWERMENT SERVICES

1 | P A G E

SECTOR: AUTO REPORTING DATE: 29TH NOVEMBER, 2017

CASTEX TECNOLOGIES LTD

www.amtek.com

Castex Technologies Ltd NSE Code - CASTEXTECH TABLE 1 - MARKET DATA (STANDALONE) (AS ON 28TH NOVEMBER, 2017)

Sector - Auto Ancillaries NSE Market Price (`) 5.25 NSE Market Cap. (₹ Cr.) 195.49

Face Value (`) 2.00 Equity (` Cr.) 75.62

Business Group - Amtek Group 52 week High/Low (₹) 11.00/4.75 Net worth (₹ Cr.)* 1,004.81

Year of Incorporation - 1983 TTM P/E (TTM) N.A. Traded Volume (Shares) 16,80,156

TTM P/BV 0.11 Traded Volume (lacs) 88.21

Registered Office - Source - Capitaline, TTM - Trailing Twelve Months, N.A. - Not Applicable,* As on 30th Sept 2017

Village Narsinghpur, COMPANY BACKGROUND

Old Manesar Road, Castex Technologies Limited, formerly Amtek India Limited, is an India-based iron casting

company. The Company's principal activity is motor vehicle parts and accessory

manufacturing service. The Company offers a range of engineered components, including

cylinder head, cylinder blocks and turbo charger housing. The Company's product portfolio

consists of a range of components for 2/3 wheelers, cars, tractors, light commercial vehicles

(LCV), heavy commercial vehicles (HCV) and stationary engines. The Company's ring gears

include flywheel ring gears, machining, forging, casting aluminum, such as high-performance

parallel and distributed computing (HPDC), and gravity die casting (GDC), and casting iron

(HPDC & GDC). The Company's flying ring gears manufacturing facility is engaged in the

machining of a range of large and medium sized automotive components. The Company

offers its services to automotive and nonautomotive component sectors. The Company's

subsidiary is Amtek Kupper GmbH.

Gurgaon – 123106,

Haryana

Company Website:

www.amtek.com

Revenue and Profit Performance

The revenue of the Company decreased from ₹ 403.73 crores to ₹

150.97 crores from quarter ending Sep’16 to quarter ending Sep’17.

The Company made a loss of ₹ 322.05 crores in quarter ending

Sep’17 vis-a-vis making a loss of ₹ 531.35 crores in quarter ending

Sep’16.

Source: Moneycontrol

Performance vis-à-vis Market

TABLE 2- Returns

1-m 3-m 6-m 12-m

Castex Technologies Ltd -1.92% -11.76% -30.14% -44.86%

Nifty 0.06% 3.82% 7.42% 27.35%

NIFTY AUTO -0.18% 5.11% 4.24% 26.54%

Source - Capitaline/NSE

150.97277.56

403.73

-322.05

-201.70-531.35

-1,000

-500

0

500

Sep'17 Mar'17 Sep'16

Quarterly revenue and Profit (₹ CRORE)

Revenue Profit

0.00

0.50

1.00

1.50

Dec 16 Feb 17 Apr 17 Jun 17 Aug 17 Oct 17

Castex Technologies Ltd NIFTY NIFTY AUTO

Page 2: National Stock Exchange of India - STAKEHOLDERS … · 2018-03-15 · Castex Technologies Limited, formerly Amtek India Limited, is an India-based iron casting company. The Company's

Stakeholders’ Education | Corporate Governance Research | Corporate Governance Score | Proxy Advisory

STAKEHOLDERS EMPOWERMENT SERVICES

2 | P A G E

SECTOR: AUTO REPORTING DATE: 29TH NOVEMBER, 2017

CASTEX TECNOLOGIES LTD

www.amtek.com

TABLE 3 - FINANCIALS

(₹ Cr.) Sep’17 Mar’17 Sep’16 % Change

Sep ’17 vs Mar’17 Mar’17 vs Sep’16

Net Worth 1,004.81 1,770.09 2,108.52 -43.23% -16.05%

Current Assets 833.07 1,465.82 1,599.24 -43.17% -8.34%

Non-Current Assets 7,821.84 7,456.64 7,234.91 4.90% 3.06%

Total Assets 8,654.91 8,922.46 8,834.15 -3.00% 1.00%

Investments 568.35 568.35 565.14 0.00% 0.57%

Finance Cost 218.31 203.90 198.07 7.07% 2.94%

Long Term Liabilities 160.65 159.58 3,923.47 0.67% -95.93%

Current Liabilities 7,489.44 6,992.79 2,802.16 7.10% 149.55%

Turnover 150.97 277.56 396.79 -45.61% -30.05%

Profit After Tax -322.05 -201.70 -531.35 N.A. N.A.

EPS (₹) -8.52 -5.33 -14.05 N.A. N.A.

Source - Money Control/Stock exchange filing

AUDIT QUALIFICATIONS

Audit Qualifications in last 3 years: The Auditors have not made any qualified opinion for FY 2015-16 & FY 2014-15. However,

the Auditors have made qualified opinion for the Financial year 2016-17.

Basis for qualified opinion

As explained in note no. 3.12 to the standalone Ind AS financial statements regarding inventories not moved for last over one year amounting to ₹ 38,550.68 Lakhs. Since the company has not obtained any technical / market / commercial evaluation for the same, we are unable to comment on the realizable value of the same, which may be lower than the amount at which it has been reflected in the balance sheet.

Management Response: The Management has not responded on the Qualified Opinion made by the Auditors for FY 2016-17.

Response Comment

Frequency of Qualifications NA

Have the auditors made any adverse remark in last 3 years? No

Are the material accounts audited by the Principal Auditors? Yes -

Do the financial statements include material unaudited financial statements? No -

TABLE 4: BOARD PROFILE (AS PER ANNUAL REPORT - FY 2016-17)

Regulatory Norms Company

% of Independent Directors on the Board 33% 50%

% of Promoter Directors on the Board - 12.50%

Number of Women Directors on the Board At least 1 1

Classification of Chairman of the Board - Independent Director

Is the post of Chairman and MD/CEO held by the same person? - No

Average attendance of Directors in the Board meetings (%) - 79.41%

Composition of Board: As per Regulation 17(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,

2015 "Listing Regulations, 2015", the Company should have at least 33% Independent Directors as the Chairman of the Board is

an Independent Director. The Company has 50% of Independent Directors and hence, it meets the regulatory requirements.

Board Diversity: The Company has 8 directors out of which 7 are male and 1 is female.

Page 3: National Stock Exchange of India - STAKEHOLDERS … · 2018-03-15 · Castex Technologies Limited, formerly Amtek India Limited, is an India-based iron casting company. The Company's

Stakeholders’ Education | Corporate Governance Research | Corporate Governance Score | Proxy Advisory

STAKEHOLDERS EMPOWERMENT SERVICES

3 | P A G E

SECTOR: AUTO REPORTING DATE: 29TH NOVEMBER, 2017

CASTEX TECNOLOGIES LTD

www.amtek.com

TABLE 5 - FINANCIAL RATIOS

Ratios Sep’17 Mar’17 Sep’16

% Change

Sep ’17 vs

Mar’17

Mar’17 vs

Sep’16

Turn

ove

r

Rat

ios

Inventory Turnover 0.56 0.52 0.40 6.26% 31.98%

Debtors Turnover 0.41 0.82 1.10 -50.57% -25.48%

Fixed asset Turnover 0.02 0.04 0.05 -48.15% -32.13%

Current Asset Turnover 0.18 0.19 0.25 -4.30% -23.68%

Ret

urn

Rat

ios Operating Profit Margin -4.98% 14.97% 15.49% -133.27% -3.39%

Net Profit Margin -213.32% -72.67% -133.91% N.A. N.A.

Return on Assets (ROA) N.A. N.A. N.A. N.A. N.A.

Return on Equity (ROE) N.A. N.A. N.A. N.A. N.A.

Return on Capital Employed (ROCE) N.A. N.A. N.A. N.A. N.A.

Liq

uid

ity

Rat

ios

Current Ratio 0.11 0.21 0.57 -46.94% -63.27%

Quick Ratio 0.08 0.13 0.21 -43.96% -37.54%

Cash Ratio 0.03 0.09 0.09 -70.37% -0.30%

Working Capital Turnover ratio N.A. N.A. N.A. N.A. N.A.

Solv

ency

Rat

ios Debt to equity ratio 1.54 0.74 2.37 108.97% -68.90%

Interest Coverage Ratio N.A. 0.20 0.31 N.A. -34.35%

Trad

ing

Rat

ios Market Cap / Sales 1.35 1.09 0.91 24.10% 20.38%

Market Cap/ Net Worth 0.20 0.17 0.17 18.91% 0.31%

Market Cap/PAT N.A. N.A. N.A. N.A. N.A.

Market Cap/EBITDA N.A. 7.28 5.84 N.A. 24.60%

Source - Money Control/Stock exchange filing

TABLE 6 - TRADING VOLUME

Particulars Sep’17 Mar’17 Sep’16

% Change

Sep ’17

vs

Mar’17

Mar’17

vs

Sep’16

Trading Volume (shares) (avg. of 1 qtr) 6,61,698 11,65,980 35,81,446 -43.25% -67.44%

Trading Volume (shares) (high in 1 qtr) 20,08,154 93,14,070 1,75,34,552 -78.44% -46.88%

Trading Volume (shares) (low in 1 qtr) 1,46,135 3,20,523 1,07,731 -54.41% 197.52%

Ratio - High/low trading volume 13.74 29.06 162.76 -52.71% -82.15%

Ratio - High/average trading volume 3.03 7.99 4.90 -62.01% 63.16%

Source - Capitaline

Page 4: National Stock Exchange of India - STAKEHOLDERS … · 2018-03-15 · Castex Technologies Limited, formerly Amtek India Limited, is an India-based iron casting company. The Company's

Stakeholders’ Education | Corporate Governance Research | Corporate Governance Score | Proxy Advisory

STAKEHOLDERS EMPOWERMENT SERVICES

4 | P A G E

SECTOR: AUTO REPORTING DATE: 29TH NOVEMBER, 2017

CASTEX TECNOLOGIES LTD

www.amtek.com

TABLE 7 (A): OWNERSHIP & MANAGEMENT RISKS

Sep-17 Mar-17 Sep-16 Comments

Shar

eho

ldin

g (%

)

Promoter shareholding 46.86 46.86 46.86 • No new equity shares were issued during the

period from 1st Oct’16 to 30th Sept, 17.

• There was no change in the promoter shareholding during the period from 1st Oct’16 to 30th Sept, 17.

• The shareholding of public institution increased by 0.11% and that of public others decreased by the same from 1st Oct’16 to 30th Sept, 17.

• The promoters have pledged 49.94% of their shareholding.

Public - Institutional shareholding 1.27 2.81 1.16

Public - Others shareholding 51.87 50.33 51.98

Non Promoter Non Public

Shareholding 0.00 0.00 0.00

Source - NSE

MAJOR SHAREHOLDERS (AS ON 30TH SEPTEMBER 2017)

S. No. Promoters Shareholding S. No. Public Shareholders Shareholding

1 Amtek Auto Limited 30.59% 1 Standard Chartered Bank Singapore Branch 10.34%

2 Metalyst Forgings Limited 16.26%

Source - NSE

TABLE 7 (B): OWNERSHIP & MANAGEMENT RISKS

Market Activity of Promoters The promoters have not sold/bought any shares during FY 2016-17.

Preferential issue to promoters No preferential issue of shares was made to the promoters during FY 2016-17.

Preferential issue to others No preferential issue of shares was made to other shareholders during FY 2016-17.

GDRs issued by the Company The Company did not issue any GDRs during FY 2016-17.

Issue of ESOPs/Issue of shares other than

Preferential allotment The Company does not have any ESOP Scheme.

Source - Annual Report FY 16-17

TABLE 8: PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY

Sr. No. Name and Description of main products / services % to Total turnover of the Company

1 Motor Vehicle Parts & accessory manufacturing service 100%

Source - Annual Report FY 16-17

Page 5: National Stock Exchange of India - STAKEHOLDERS … · 2018-03-15 · Castex Technologies Limited, formerly Amtek India Limited, is an India-based iron casting company. The Company's

Stakeholders’ Education | Corporate Governance Research | Corporate Governance Score | Proxy Advisory

STAKEHOLDERS EMPOWERMENT SERVICES

5 | P A G E

SECTOR: AUTO REPORTING DATE: 29TH NOVEMBER, 2017

CASTEX TECNOLOGIES LTD

www.amtek.com

Glossary

Equity: The equity shares capital of the Company

Net Worth: The amount by which the Assets exceeds the liabilities excluding shareholders’ funds of the Company

Turnover: The revenue earned from the operations of the Company

EPS: Earning Per Share is net profit earned by the Company per share

𝐸𝑃𝑆 =Profit After Tax

Number of outstanding shares

P/E ratio: It is the ratio of the Company’s share price to earnings per share of the Company

𝑃/𝐸 𝑟𝑎𝑡𝑖𝑜 =Price of each share

Earnings per share

Current Assets: Cash and other assets that are expected to be converted to cash in one year

Fixed Assets: assets which are purchased for long-term use and are not likely to be converted quickly into cash, such as land,

buildings, and equipment

Total Assets: Current Assets + Fixed Assets

Investments: An investment is an asset or item that is purchased with the hope that it will generate income or appreciate in

the future.

Finance Cost: The Financing Cost (FC), also known as the Cost of Finances (COF), is the cost and interest and other charges

incurred during the year in relation to borrowed money.

Long Term Liabilities: Long-term liabilities are liabilities with a maturity period of over one year.

Current Liabilities: A company's debts or obligations that are due within one year.

Inventory Turnover ratio: Inventory Turnover is a ratio showing how many times a company's inventory is sold and replaced

over a period.

𝐼𝑛𝑣𝑒𝑛𝑡𝑜𝑟𝑦 𝑇𝑢𝑟𝑛𝑜𝑣𝑒𝑟 𝑟𝑎𝑡𝑖𝑜 =Sales Turnover

Inventory

Debtors Turnover: Accounts receivable turnover is an efficiency ratio or activity ratio that measures how many times a business

can turn its accounts receivable into cash during a period

𝐷𝑒𝑏𝑡𝑜𝑟𝑠 𝑇𝑢𝑟𝑛𝑜𝑣𝑒𝑟 𝑟𝑎𝑡𝑖𝑜 =Sales Turnover

Accounts recievables

Fixed Asset Turnover: The fixed-asset turnover ratio is a financial ratio of net sales to fixed assets

𝐹𝑖𝑥𝑒𝑑 𝐴𝑠𝑠𝑒𝑡 𝑇𝑢𝑟𝑛𝑜𝑣𝑒𝑟 𝑟𝑎𝑡𝑖𝑜 =Sales Turnover

Fixed Assets

Current Asset Turnover: The current-asset turnover ratio is a financial ratio of net sales to fixed assets

𝐶𝑢𝑟𝑟𝑒𝑛𝑡 𝐴𝑠𝑠𝑒𝑡 𝑇𝑢𝑟𝑛𝑜𝑣𝑒𝑟 𝑟𝑎𝑡𝑖𝑜 =Sales Turnover

Current Assets

Operating Profit Margin: Operating margin is a measurement of what proportion of a Company’s revenue is left over after

paying for variable costs of production such as wages, raw materials etc. It can be calculated by dividing a Company’s operating

income (also known as “operating profit”) during a given period by its sales during the same period.

𝑂𝑝𝑒𝑟𝑎𝑡𝑖𝑛𝑔 𝑃𝑟𝑜𝑓𝑖𝑡 𝑀𝑎𝑟𝑔𝑖𝑛 =Operating profit

Sales Turnover

Net Profit Margin: Net profit margin is the percentage of revenue left after all expenses have been deducted from sales

𝑁𝑒𝑡 𝑃𝑟𝑜𝑓𝑖𝑡 𝑀𝑎𝑟𝑔𝑖𝑛 =Net profit

Sales Turnover

Page 6: National Stock Exchange of India - STAKEHOLDERS … · 2018-03-15 · Castex Technologies Limited, formerly Amtek India Limited, is an India-based iron casting company. The Company's

Stakeholders’ Education | Corporate Governance Research | Corporate Governance Score | Proxy Advisory

STAKEHOLDERS EMPOWERMENT SERVICES

6 | P A G E

SECTOR: AUTO REPORTING DATE: 29TH NOVEMBER, 2017

CASTEX TECNOLOGIES LTD

www.amtek.com

Return on Assets: ROA tells you what earnings were generated from invested capital (assets)

𝑅𝑒𝑡𝑢𝑟𝑛 𝑜𝑛 𝐴𝑠𝑠𝑒𝑡𝑠 =Net profit

Total Assets

Return on equity/net worth: return on equity (ROE) is the amount of net income returned as a percentage of shareholders’

equity.

𝑅𝑒𝑡𝑢𝑟𝑛 𝑜𝑛 𝐸𝑞𝑢𝑖𝑡𝑦 =Net profit

Net worth

Return on Capital Employed: Return on capital employed (ROCE) is a financial ratio that measures a company's profitability

and the efficiency with which its capital is employed.

𝑅𝑒𝑡𝑢𝑟𝑛 𝑜𝑛 𝐶𝑎𝑝𝑖𝑡𝑎𝑙 𝐸𝑚𝑝𝑙𝑜𝑦𝑒𝑑 =Net profit

Total Debt + Equity share capital

Current ratio: The current ratio is a financial ratio that measures whether or not a firm has enough resources to pay its debts

over the next 12 months. It compares a firm's current assets to its current liabilities.

𝐶𝑢𝑟𝑟𝑒𝑛𝑡 𝑟𝑎𝑡𝑖𝑜 =Current Assets

Current Liabilities

Quick ratio: The quick ratio is a measure of how well a Company can meet its short term financial liabilities.

𝑄𝑢𝑖𝑐𝑘 𝑟𝑎𝑡𝑖𝑜 =Current Assets − Inventories

Current Liabilities

Cash ratio: The ratio of the liquid assets of a Company to its current liabilities.

𝑄𝑢𝑖𝑐𝑘 𝑟𝑎𝑡𝑖𝑜 =Current Assets − Inventories − Account Recievables

Current Liabilities

Working Capital Turnover ratio: The working capital turnover ratio is also referred to as net sales to working capital. It indicates

a Company's effectiveness in using its working capital.

𝑊𝑜𝑟𝑘𝑖𝑛𝑔 𝐶𝑎𝑝𝑖𝑡𝑎𝑙 𝑇𝑢𝑟𝑛𝑜𝑣𝑒𝑟 𝑟𝑎𝑡𝑖𝑜 =𝑆𝑎𝑙𝑒𝑠 𝑇𝑢𝑟𝑛𝑜𝑣𝑒𝑟

Current Assets − Current Liabilities

Debt to Equity ratio: The debt-to-equity ratio (D/E) is a financial ratio indicating the relative proportion of

shareholders' equity and debt used to finance a company's assets.

𝐷𝑒𝑏𝑡 𝑡𝑜 𝐸𝑞𝑢𝑖𝑡𝑦 𝑟𝑎𝑡𝑖𝑜 =𝑆ℎ𝑜𝑟𝑡 𝑇𝑒𝑟𝑚 𝐷𝑒𝑏𝑡 + 𝐿𝑜𝑛𝑔 𝑇𝑒𝑟𝑚 𝐷𝑒𝑏𝑡

𝑁𝑒𝑡 𝑊𝑜𝑟𝑡ℎ

Interest Coverage ratio: The Interest coverage ratio is a debt ratio and profitability ratio used to determine how easily a

Company can pay interest on outstanding debt.

𝐼𝑛𝑡𝑒𝑟𝑒𝑠𝑡 𝐶𝑜𝑣𝑒𝑟𝑎𝑔𝑒 𝑅𝑎𝑡𝑖𝑜 =𝐸𝑎𝑟𝑛𝑖𝑛𝑔 𝐵𝑒𝑓𝑜𝑟𝑒 𝐼𝑛𝑡𝑒𝑟𝑒𝑠𝑡 𝑎𝑛𝑑 𝑇𝑎𝑥

𝐹𝑖𝑛𝑎𝑛𝑐𝑒 𝐶𝑜𝑠𝑡

Market Cap/Sales ratio: Market Cap/sales ratio, Price–sales ratio, P/S ratio, or PSR, is a valuation metric for stocks. It is

calculated by dividing the company's market cap by the revenue in the most recent year; or, equivalently, divide the per-

share stock price by the per-share revenue.

𝑀𝑎𝑟𝑘𝑒𝑡 𝐶𝑎𝑝/𝑆𝑎𝑙𝑒𝑠 𝑟𝑎𝑡𝑖𝑜 =𝑀𝑎𝑟𝑘𝑒𝑡 𝐶𝑎𝑝

𝑆𝑎𝑙𝑒𝑠 𝑇𝑢𝑟𝑛𝑜𝑣𝑒𝑟

Market Cap/ Net Worth ratio: It is a valuation ratio calculated by dividing Company’s market cap to net worth.

𝑀𝑎𝑟𝑘𝑒𝑡 𝐶𝑎𝑝/𝑁𝑒𝑡𝑤𝑜𝑟𝑡ℎ 𝑟𝑎𝑡𝑖𝑜 =𝑀𝑎𝑟𝑘𝑒𝑡 𝐶𝑎𝑝

𝑁𝑒𝑡𝑤𝑜𝑟𝑡ℎ

Market Cap/ PAT ratio: It is a valuation ratio calculated by dividing Company’s market cap to net profit.

𝑀𝑎𝑟𝑘𝑒𝑡 𝐶𝑎𝑝/𝑃𝐴𝑇 𝑟𝑎𝑡𝑖𝑜 =𝑀𝑎𝑟𝑘𝑒𝑡 𝐶𝑎𝑝

𝑛𝑒𝑡 𝑝𝑟𝑜𝑓𝑖𝑡

Market Cap/ EBITDA ratio: It is a valuation ratio calculated by dividing Company’s market cap to EBITDA.

Page 7: National Stock Exchange of India - STAKEHOLDERS … · 2018-03-15 · Castex Technologies Limited, formerly Amtek India Limited, is an India-based iron casting company. The Company's

Stakeholders’ Education | Corporate Governance Research | Corporate Governance Score | Proxy Advisory

STAKEHOLDERS EMPOWERMENT SERVICES

7 | P A G E

SECTOR: AUTO REPORTING DATE: 29TH NOVEMBER, 2017

CASTEX TECNOLOGIES LTD

www.amtek.com

𝑀𝑎𝑟𝑘𝑒𝑡 𝐶𝑎𝑝/𝐸𝐵𝐼𝑇𝐷𝐴 𝑟𝑎𝑡𝑖𝑜 =𝑀𝑎𝑟𝑘𝑒𝑡 𝐶𝑎𝑝

𝐸𝐵𝐼𝑇𝐷𝐴

Trading Volume (shares) (avg. of 1 year): Average number of shares/day traded in 1 year

Trading volume (shares) (high in 1 year): Highest number of shares/day traded in 1 year

Trading volume (shares) (minimum in 1 year): Lowest number of shares traded on any one day in 1 year

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CASTEX TECNOLOGIES LTD

www.amtek.com

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Research Analyst: Sumit Tank