Splendid Metal Products Ltd - Stock Valuation and Financial Performance

BSE: 513414 | NSE: SMPL | Steel & Iron Products | Small Cap

Splendid Metal Prod. Share Price

0.32 0.00 0.00%
as on 18-Jun'21 18:03

DeciZen - make an informed investing decision on Splendid Metal Prod.

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Splendid Metal Products stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
9.6 Cr.
52-wk low:
0.3
52-wk high:
0.3

Is an attractive stock to invest in?

1. Is a good quality company?

Data is not available for this company.

2. Is undervalued or overvalued?

The key valuation ratios of Splendid Metal Products Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

3. Is a good buy now?

No data found

10 Year X-Ray of Splendid Metal Prod.:

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.

Value Creation

Value Creation Index Colour Code Guide

Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20TTM
ROCE % 12.6%7.7%5.4%3.3%6.4%1.9%-5.7%-29.4%-39.3%-3.4%-
Value Creation
Index
-0.1-0.5-0.6-0.8-0.5-0.9-1.4NANANA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2,8363,5383,6502,8443,4523,4831,30050945831.49
Sales YoY Gr.-24.8%3.2%-22.1%21.4%0.9%-62.7%-60.8%-10%-93.2%-
Adj EPS 1.30.5-1.3-2.5-0.1-3.6-11.3-22.9-21.4-1.4-1.1
YoY Gr.--60.2%-362.8%NANANANANANANA-
BVPS (₹) 23.437.636.534.633.920.99.5-14.8-37.7-39.1-40.6
Adj Net
Profit
25.210.1-26.4-48.6-2.1-109-340-690-644-43-34
Cash Flow from Ops. 57.7271-277-118244-34511.6-3.1-9.6-2-
Debt/CF from Ops. 11.63.4-4.8-13.86.7-6.3208.6-785.1-254-1239.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -39.4%-60.9%-71.1%-93.2%
Adj EPS -201.2%NANANA
BVPS-205.9%-203%-260.4%NA
Share Price -16.5% -9.6% 10.1% -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20TTM
Return on
Equity %
6.91.4-3.6-6.8-0.3-16.5-74.6863.181.53.72.8
Op. Profit
Mgn %
7.66.35.15.57.33.2-10.5-142-172.6-56.5-97.6
Net Profit
Mgn %
0.90.3-0.7-1.7-0.1-3.1-26.2-135.5-140.5-137.1-396.6
Debt to
Equity
1.41.21.82.42.43.58.5-5.4-2.1-2.1-
Working Cap
Days
1141721682492362426221,2847895,99010,773
Cash Conv.
Cycle
48931121801751844739736274,976-43,938

Recent Performance Summary

No data to display

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

Sales growth has been subdued in last 3 years %

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

Latest Financials - Splendid Metal Products Ltd.

Standalone Consolidated
TTM EPS (₹) -1.1 -1.1
TTM Sales (₹ Cr.) 8.5 8.5
BVPS (₹.) -40.6 -43.5
Reserves (₹ Cr.) -1,371 -1,460
P/BV -0.01 -0.01
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 0.32 / 0.32
All Time Low / High (₹) 0.19 / 77.40
Market Cap (₹ Cr.) 9.6
Equity (₹ Cr.) 150.5
Face Value (₹) 5
Industry PE 26.6

Management X-Ray of Splendid Metal Prod.:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Splendid Metal Prod.

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Sales4,2543,538.363,649.852,844.423,451.603,483.071,299.81509.23458.1831.38
Operating Expenses 3,932.603,317.143,463.502,686.863,201.493,373.741,437.881,292.611,314.4049.12
Manufacturing Costs99.8469.3273.1069.6568.5361.3848.5537.1054.2914.05
Material Costs3,764.603,195.633,340.882,574.373,091.373,279.821,364.71604.05396.1921.33
Employee Cost 29.7223.422423.1321.5618.4212.8010.3013.316.98
Other Costs 38.4428.7725.5319.7220.0314.1311.81641.16850.616.77
Operating Profit 321.40221.22186.35157.55250.11109.33-138.07-783.38-856.23-17.74
Operating Profit Margin (%) 7.6%6.3%5.1%5.5%7.2%3.1%-10.6%-153.0%-186.0%-56.6%
Other Income 8.9923.3315.4221.9710.1311.670.981.850.531.61
Interest 194.31172.28181172.56215.90226.61261.612.471.800.04
Depreciation 70.7046.9541.2338.2938.9735.1233.7033.2931.3838.97
Exceptional Items 000000000-0.54
Profit Before Tax 65.3825.32-20.46-31.315.38-140.74-432.40-817.29-888.87-55.69
Tax 26.694.49-0.206.844.44-36.72-90.65-85.30-199.34-12.29
Profit After Tax 38.6920.83-20.26-38.160.94-104.01-341.75-731.99-689.53-43.40
PAT Margin (%) 0.9%0.6%-0.6%-1.3%0.0%-3.0%-26.3%-143.0%-150.0%-138.0%
Adjusted EPS (₹)2.01.1-1.0-2.00.0-3.5-11.4-24.3-22.9-1.4
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20

Equity and Liabilities

Shareholders Fund 703.85752.36731.93693.60696.91627.53285.75-445.69-1,134.87-1,178.15
Share Capital 113.11113.11113.11113.11115.66150.51150.51150.51150.51150.51
Reserves 590.74639.25618.82580.49581.25477.02135.25-596.20-1,285.38-1,328.65
Minority Interest0000000000
Debt920.22833.941,301.841,614.761,647.052,176.152,421.872,425.082,430.092,428.61
Long Term Debt308.75276.68785.18940.091,046.021,131.38877.66613.8800
Short Term Debt611.47557.26516.67674.67601.031,044.771,544.211,811.202,430.092,428.61
Trade Payables401.68451.34267.23450.14619.91131.66124.07126.7724.5027.26
Others Liabilities 215.93395.41160.54193.20137.95109.8413.71-65.57-289.71-304.87
Total Liabilities 2,241.672,433.052,461.542,951.703,101.833,045.182,845.402,040.591,030.01972.85

Fixed Assets

Gross Block580.87671.38697.26780.51798.81796.57796.42831830.93829.11
Accumulated Depreciation148.55186.31227.34265.61304.45338.58372.10404.65435.55473.28
Net Fixed Assets432.32485.07469.92514.90494.35457.99424.32426.35395.37355.83
CWIP 7.8961.6854.5676.8487.62101.81102.0868.0759.4759.24
Investments 7.61142.34142.33142.33147.86147.86147.8787.8250.5250.51
Inventories101.85162.43158.03280.04294.58357.90254.0550.1322.9816.07
Trade Receivables863.031,078.621,326.741,664.501,707.701,568.891,4861,222.80421.15416.75
Cash Equivalents 71.7864.2622.1819.6229.063.194.262.171.210.97
Others Assets757.19438.66287.77253.46340.65407.54426.81183.2679.3173.48
Total Assets 2,241.672,433.052,461.542,951.703,101.833,045.182,845.402,040.591,030.01972.85

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Cash Flow From Operating Activity 86.61270.70-276.70-118.24244.47-345.2311.61-3.09-9.57-1.96
PBT 65.3825.32-20.46-31.315.38-140.96-432.40-817.29-888.87-55.15
Adjustment 258.30207.90212.79201.03252.46259.98294.7596.1090.8738.47
Changes in Working Capital -222.141.44-464.9-287.93-12.43-463.96149.41720.68789.3515.18
Tax Paid -14.97-3.97-4.13-0.03-0.94-0.29-0.15-2.58-0.92-0.46
Cash Flow From Investing Activity -411.02-16.25-24.49-30.202.848.077.250.525.613.04
Capex 6.99-61.68-17.36-54.51-28.97-13.36-0.400.288.150.26
Net Investments -7.050.7500-5.52000-20.520
Others -410.9644.69-7.1424.3137.3421.437.650.2517.982.79
Cash Flow From Financing Activity 340.74-265.69291.46146.60-247.29337.33-16.440.473-1.32
Net Proceeds from Shares 264.250002.5536.090000
Net Proceeds from Borrowing 260.78-38.83508.50154.9134.4384.1166.63-1.4500
Interest Paid -171.56-172.39-176.27-166.14-210.45-226.61-262.14-2.74-2.010.16
Dividend Paid -0.51-0.27-0.17-0.17-0.1800000
Others -12.22-54.20-40.59158-73.64443.74179.064.655.01-1.48
Net Cash Flow 16.33-11.24-9.73-1.840.030.162.42-2.10-0.96-0.24
PARTICULARSMar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Ratios
ROE (%)7.352.92-2.79-5.470.14-15.89-74.84N/AN/AN/A
ROCE (%)18.8611.668.66.469.483.34-6.2N/AN/AN/A
Asset Turnover Ratio2.311.551.531.081.161.150.450.210.30.03
PAT to CFO Conversion(x)2.2413N/AN/A260.07N/AN/AN/AN/AN/A
Working Capital Days
Receivable Days61981171871751704229606554,874
Inventory Days1413162730348510829227
Payable Days272022383121347670443

Splendid Metal Products Ltd Stock News

Splendid Metal Products Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Splendid Metal Prod. on 18-Jun-2021 18:03 is ₹0.32.
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 18-Jun-2021 18:03 the market cap of Splendid Metal Prod. stood at ₹9.63.
The latest P/E ratio of Splendid Metal Prod. as of 18-Jun-2021 18:03 is 0.00.
The latest P/B ratio of Splendid Metal Prod. as of 18-Jun-2021 18:03 is -0.01.
The 52-week high of Splendid Metal Prod. is ₹0.32 and the 52-week low is ₹0.32.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Splendid Metal Prod. is ₹8.50 ( Cr.) .

About Splendid Metal Products Ltd

Sujana Metal Products Limited (SMPL) was incorporated in May 1988 under the name of Sujana Steel Re-Rolling Industries Private Limited. The company was incorporated with an object to manufacture Steel Re-rolled products.

The company was promoted by Y S Chowdary his associates and relatives. The name of the company was changed to “Sujana Steels Private Limited” on March 30, 1992. The company was converted into public limited company on April 20, 1992. The company further changed its name as “Sujana Metal Products Limited” with effect from November 9, 2001.

Sujana Metal Products Limited (SMPL) is a company engaged in the business of manufacturing and marketing value added steel products. SMPL is categorized as a secondary steel producer in the industry. The company caters to product requirements of some of the most reputed players in the construction & infrastructure sectors. Over the years, the group has carved a niche for itself in the value added product segment of the Indian steel market.

The company is the part of Sujana Group. Other group companies are Sujana Universal Industries, Sujana Towers and Sujana Projects Limited.

SMPL supplies high quality TMT bars of various sizes with varying material properties depending upon the requirements of the clients. It also manufactures structural steel of varying shapes and dimensions for the construction & infrastructure sector. 

The clientele of the company include Raheja IT Park, Samrakshana Electricals, Shapoorji Paloonji & Company, Srinivasa Hatcheries, Subhash Projects, Suncrest Industries, Transstroy (India), Vasavadatta Cement,  Wipro, Zuari Cement, A.P. Heavy Machinery & Engineering, Aditya Builders, Bangalore, Birla Institute of Technology & Sciences, DLF Universal, etc.

Its units are located at IDA Bollaram Industrial Estate, Hyderabad and are equipped with the latest machinery and the personnel who exhibit high engineering skills. Its structural steel manufacturing unit is ISO 9001:2000 certified, among few of its kind in the country. The Bureau of Indian Standards has also granted it the license to use their mark of quality assurance, 'ISI'.

Fully equipped and sophisticated laboratories have been set up at each manufacturing unit to test the incoming material and monitor it online at every processing stage. Quality Control is a rigorous discipline and the finished product is checked meticulously before shipment. Customer satisfaction and adherence to specified quality standards is key.

Product range of the company includes:

SMPL is primarily into the business of manufacturing various steel products/applications such as the following: 

  • Thermo Mechanically Treated (TMT) bars- specialty of Sujana’s TMT lies in Higher strength, Higher UTS / Yield ratio (enhanced elongation), Higher fatigue strength, Higher resistance to heat, Higher resistance to corrosion, Excellent weldability, Excellent ductility, Saves 14-19% steel compared to CTD bars, Better safety of structures owing to higher strength and durability, Pre-fabrication of meshes possible, Good bond between bar and concrete, Ease in working on-site. Available in Fe-415, Fe-500, Fe-550 grades.
  • Structural steel- The product mix of Sujana Metal Products Limited comprises of rounds reinforcement Bars, Angles, Channels, Flats, and I. Beams etc.

Future plans

To capture a significant share of the tower market, it proposes to increase the capacities of its tower making division at Hyderabad from 28,400 TPA to over 1,00,000 TPA. Currently, it has the capacity to manufacture 55,000 MT of Structural steel. With increasing demand for it, it is proposed to modify the mill and also increase the capacities to 70,000 MT. After this exercise, the structural mill will be in a position to manufacture larger sizes of channels and angles required by the Towers Division. Presently the structural mill is meeting 40% of the steel requirement of the Towers Division; after the expansion/ modification, the structural mill will be in a position to meet 80% of the steel requirement of the expanded capacity of the Towers Division.

In keeping with its explosive growth, it is exploring options with a view to enter export markets like Sri Lanka and other South East Asian countries.

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