Samkrg Pistons & Rings Ltd - Stock Valuation and Financial Performance

BSE: 520075 | NSE: | Auto Ancillary | Small Cap

Samkrg Pistons&Rings Share Price

166.55 -3.05 -1.80%
as on 19-Apr'24 13:30

DeciZen - make an informed investing decision on Samkrg Pistons&Rings

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Samkrg Pistons & Rings stock performance -

mw4me loader
P/E Ratio (SA):
17.50
Market Cap:
166.6 Cr.
52-wk low:
130
52-wk high:
187

Is Samkrg Pistons & Rings Ltd an attractive stock to invest in?

1. Is Samkrg Pistons & Rings Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Samkrg Pistons & Rings Ltd is a good quality company.

2. Is Samkrg Pistons & Rings Ltd undervalued or overvalued?

The key valuation ratios of Samkrg Pistons & Rings Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Samkrg Pistons & Rings Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Samkrg Pistons & Rings Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Samkrg Pistons&Rings:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Samkrg Pistons & Rings Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 12.4%14.7%16%17.6%15.5%14.3%12.5%10.7%8.2%8.6%-
Value Creation
Index
-0.10.10.10.30.10.0-0.1-0.2-0.4-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 206232245252268290236225237237233
Sales YoY Gr.-13.1%5.5%2.6%6.7%7.9%-18.5%-4.5%5.4%-0.3%-
Adj EPS 10.512.716.12020.42119.917.414.114.89.7
YoY Gr.-21.2%27.2%24.2%2%2.6%-5.3%-12.4%-19.1%5.4%-
BVPS (₹) 75.384.792.3111.8126.7142.3150.2167.3176.4181.6188.7
Adj Net
Profit
10.312.515.919.720.120.619.517.113.814.610
Cash Flow from Ops. 17.431.625.333.426.727.224.419.91.112.3-
Debt/CF from Ops. 2.10.60.70.50.70.60.60.217.91.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 1.6%-2.5%0.1%-0.3%
Adj EPS 3.9%-6.2%-9.3%5.4%
BVPS10.3%7.5%6.5%2.9%
Share Price 9.8% -0% 6.7% 23.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
14.415.617.919.316.915.413.410.98.18.25.2
Op. Profit
Mgn %
14.514.614.516.115.514.916.31613.714.612.3
Net Profit
Mgn %
55.46.57.87.57.18.37.65.86.24.1
Debt to
Equity
0.50.20.20.20.20.10.100.10.1-
Working Cap
Days
897576806865869710312178
Cash Conv.
Cycle
4538374134354959779947

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 5.20%

Sales growth has been subdued in last 3 years 0.09%

Net Profit has been subdued in last 3 years -9.26%

Sales growth is not so good in last 4 quarters at -0.85%

Latest Financials - Samkrg Pistons & Rings Ltd.

Standalone Consolidated
TTM EPS (₹) 9.7 -
TTM Sales (₹ Cr.) 233 -
BVPS (₹.) 188.7 -
Reserves (₹ Cr.) 175 -
P/BV 0.90 -
PE 17.50 -
From the Market
52 Week Low / High (₹) 129.95 / 187.00
All Time Low / High (₹) 6.50 / 379.00
Market Cap (₹ Cr.) 167
Equity (₹ Cr.) 9.8
Face Value (₹) 10
Industry PE 47.2

Management X-Ray of Samkrg Pistons&Rings:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Samkrg Pistons&Rings

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales206232245252268290236225237237
Operating Expenses 176199210211227246197189205202
Manufacturing Costs585865616000000
Material Costs5364567076157113119138136
Employee Cost 35485750565354454344
Other Costs 30293230353731252422
Operating Profit 30343540424338363335
Operating Profit Margin (%) 14.5%14.6%14.5%16.1%15.5%14.9%16.3%16.0%13.7%14.6%
Other Income 0001221111
Interest 5522111123
Depreciation 10121213131213131313
Exceptional Items 1000000000
Profit Before Tax 16182227293226231919
Tax 55779116654
Profit After Tax 11121619202120171415
PAT Margin (%) 5.2%5.3%6.4%7.7%7.5%7.3%8.3%7.7%5.8%6.2%
Adjusted EPS (₹)10.912.516.019.820.521.420.017.614.115.0
Dividend Payout Ratio (%)23%24%25%23%24%23%25%28%18%17%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 758592111126141149166175180
Share Capital 10101010101010101010
Reserves 667582101116131139156165170
Minority Interest0000000000
Debt3617171718171541918
Long Term Debt14000000000
Short Term Debt2117171718171541918
Trade Payables161819191817181397
Others Liabilities 31324239353530302030
Total Liabilities 158152170186197211212213223235

Fixed Assets

Gross Block100101215122134156154150144154
Accumulated Depreciation00109001213131326
Net Fixed Assets100101106122134144141137131127
CWIP 0000000045
Investments 0000000000
Inventories19151816192027233743
Trade Receivables32313939384238474653
Cash Equivalents 3014110110
Others Assets4565455656
Total Assets 158152170186197211212213223235

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 1732253327272420112
PBT 16182327293226231919
Adjustment 14161214131313131417
Changes in Working Capital -38-22-6-5-6-10-26-15
Tax Paid -4-5-6-7-8-10-7-5-4-3
Cash Flow From Investing Activity -7-27-17-29-25-21-10-9-11-11
Capex -7-12-17-29-25-21-10-9-8-9
Net Investments 0000000000
Others 0-14000000-4-1
Cash Flow From Financing Activity -8-7-80-4-7-15-1110-2
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 0000000000
Dividend Paid -2-3-80-5-6-120-5-2
Others -6-4001-1-3-11150
Net Cash Flow 2-204-3-10000
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)15.3615.6818.0619.4217.2115.9213.6511.118.228.35
ROCE (%)18.7521.3322.9624.222.7822.1516.914.7411.4911.6
Asset Turnover Ratio1.431.651.71.571.691.751.371.31.331.26
PAT to CFO Conversion(x)1.552.671.561.741.351.291.21.180.070.8
Working Capital Days
Receivable Days51454751434151575963
Inventory Days32242222192029333851
Payable Days1259812198884056482922

Samkrg Pistons & Rings Ltd Stock News

Samkrg Pistons & Rings Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Samkrg Pistons&Rings on 19-Apr-2024 13:30 is ₹166.6.
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 19-Apr-2024 13:30 the market cap of Samkrg Pistons&Rings stood at ₹166.6.
The latest P/E ratio of Samkrg Pistons&Rings as of 19-Apr-2024 13:30 is 17.50.
The latest P/B ratio of Samkrg Pistons&Rings as of 19-Apr-2024 13:30 is 0.90.
The 52-week high of Samkrg Pistons&Rings is ₹187.0 and the 52-week low is ₹129.9.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Samkrg Pistons&Rings is ₹233.2 ( Cr.) .

About Samkrg Pistons & Rings Ltd

Samkrg Pistons & Rings Ltd.was incorporated on March 30, 1985 at Hyderabad as a public limited company and obtained the Certificate of Commencement of Business on July18, 1985. The company was promoted by R J Yata and S D M  Rao alongwith Andhra Pradesh Industrial Development Corporation Ltd. (APIDC).

The company is engaged in the manufacture of pistons and piston rings used in two-wheelers three-wheelers four-wheelers and internal combustion engines.

Samkrg's technological and research capacity in terms of professional skills and resources enables manufacture of advanced pistons, piston pins / gudgeon pins, piston rings & circlips to endure higher thermal and mechanical loads. This is critical to engines being more powerful, efficient and less polluting. Manufacturing & marketing of good value, high quality and cost effective products meeting domestic and international customer quality requirements.    

The company entered into a technical collaboration agreement with Cheng Shing Piston Co. Ltd. Taiwan (Cheng Shing) to manufacture pistons and piston rings. Under the agreement valid for six years from the date of commencement of commercial production the collaborators were to provide updated technology for casting machining and finishing of pistons and manufacture of piston pins. The agreement also covers supply of designs drawings and specifications of plant and machinery.  

Product range of the company includes:

  • Pistons
  • Pins
  • Rings

Milestones:

  • Mar-85- Company was incorporated, commencement of business
  • Mar-86 - Technical Collaboration with M/s. Cheng Shing Piston co. Ltd
  • Oct-88 - Commercial production of piston & pins at Bonthapally
  • Jan-89 - Developed asymmetric profile of super hyper eutectic piston
  • May-91 - 4 stroke pistons developed for motorcycles
  • Aug-93 - Setup a full fledged piston ring Plant at Varisam
  • Aug-94 - Developed squeeze casting process for 4S 2-wheeler; & 4- wheeler
  • Oct-94 - Developed Ductile/Nodular/KV1 piston rings with key stone chrome plated rings.
  • Dec-96 - Setup second factory for manufacture of pistons to increase capacity and commenced commercial production at Akkivalasa
  • Aug-97 - Accredited with ISO 9002
  • Sep-98 - Established Technology Center with Japanese expertise & consultancy for 4S pistons and steel rings and 3 piece oil rings for motorcycles & cars.
  • Dec-99 - Commercialized production of ring carrier pistons for tractors, LCVs & HCVs with German technology
  • Apr-2000 Best QCD Vendor award received from TVS-Suzuki for 3 years 1998, 1999 & 2000
  • Feb-01 - Technology award by CBMD - India
  • May-01 - Accredited with QS-9000: 1998
  • Jun-01 - FAPCCI Award for the Best All Round Industrial Performance
  • Oct-03 - Dr Sir M Visveswaraya Industrial Award for Best Performance in Large & Medium Scale Sector for the year 2003.
  • Mar-04 - Company has become a Debt free company from all long-term interest paying loans.
  • Jun-04- Certified for Quality Management System (QMS) under ISO/TS 16949 : 2002 by M/s. Underwrites Laboratories Inc. - USA .
  • May-05 - Achieved Best Management Award for 2005 from Govt. of Andhra Pradesh
  • Mar-06- Achieved Honda Motorcycle & Scooter India Pvt. Ltd for Quality & Delivery Targets for 2005-06.
  • Apr-06 - FAPCCI award for Best Marketing Performance for 2005

Achievements/ recognition:

  • FAPCCI Award for Best Marketing Performance for the Year 2005. 
  • Best Management Award for the Year 2005. 
  • Dr.Sri.M. Visveswaraya for Best Performance in Large & Medium Scale Industries. 
  • Honda Achivement Awards for Quality & Delivery Targets for 2005-06 
  • Honda Achivement Awards for Zero PPM for 2006-07. 
  • FAPCCI Award for Best All-Round Industrial .
  • Performance Best QCD Vendor Award from TVS- Suzuki for 3 Years.
  • Technology Award by CBMD-INDIA.
  • 2010-13
    Honda Achivement Awards for Quality & Delivery Targets for 2009-10
    Best QCD Vendor Award from TVS- Suzuki for 3 Years
    Knorr Bremse Award - Global source"

Certifications:

  • IOS/TS 16949: 2002. for Plant1, Plant 2 and Plant 3
  • ISO 9001 : 2000 
  • ISO 9002 : 1994 and QS-9000 : 1998 
  • ISO : 9002
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