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Starlit Power Systems Ltd (538733)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 538733 NSE: Metal - Non Ferrous | Small Cap | Starlit Power System Share Price

₹3.59 0.00 (0.00%)

As on 02-Jan'25 16:59

Starlit Power Systems Ltd (538733)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 538733 NSE: Metal - Non Ferrous | Small Cap | Starlit Power System Share Price

₹3.59 0.00 (0.00%)

As on 02-Jan'25 16:59

Key Metrics
Valuation Multiples
Market Cap
₹4 Cr.
Current Price
₹3.6
52-Week Low / High
₹4 / 4
TTM EPS
₹-3.7
TTM Sales
₹0.4 Cr.
Book Value per Share
₹940.4
P/E Ratio
0.00
Industry PE
21.5
Price to Book (P/B)
0.00
Higher than its 5-year historical median
Price to Sales (P/S)
9.66
Higher than its 5-year historical median
EV/EBITDA
-4.04
In line with its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
-0.07%
Underperforms industry median
Return on Capital Employed (ROCE)
-0.07%
Underperforms industry median
Return on Assets (ROA)
-0.07%
Operating Profit Margin
-163.1%
Net Profit Margin
-159.25%
Gross Profit Margin
-156.1%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
-
-
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-121.5%
Asset Quality
Promoter Holding
0.04%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹936 Cr.
Equity
₹10.1 Cr.
Face Value
₹10
All Time Low / High
₹2.05 / 25.70

Starlit Power Systems stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Starlit Power Systems Ltd a good quality company?
Starlit Power Systems Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Starlit Power Systems Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Starlit Power Systems Ltd vs industry peers?
Starlit Power Systems Ltd revenue CAGR is -48.42%, compared to the industry median CAGR of 0%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Starlit Power Systems Ltd?
Promoters hold 0.04% of the Starlit Power Systems Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Starlit Power Systems Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -10.2% based on the current price.

10 Year X-Ray : Login to view analysis.

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.
Starlit Power Systems Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % -15.5%-12.8%-9.3%-10.2%-11.2%-17.3%-3.3%-5.2%0.6%-0.1%-
Value Creation
Index
-2.1-1.9NANANANANANA-1.0-1.0-

Growth Parameters

Sales 23.577.212.811.517.88.50.600.40
Sales YoY Gr.--70.4%4%77.2%-10.2%54.4%-52.1%-93.4%-100%NA-
Adj EPS -4.4-3.8-5.7-4-1.7-4.8-2.3-13.50.9-0.3-3.7
YoY Gr.-NANANANANANANANA-136.6%-
BVPS (₹) 7.23.7-2.4-6.1-7.8-12.6-14.9-28.4916.1474.1940.4
Adj Net
Profit
-4.5-3.9-5.8-4-1.7-4.8-2.3-13.61-0.7-4
Cash Flow from Ops. 0.12.2-3.81.1-0.9-3.41.20.32.7-3.8-
Debt/CF from Ops. 471.811.3-8.230.5-40.7-11.834.4162.50.1-0.2-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -36.1%-48.4%-63.3%NA
Adj EPS NANANA-136.6%
BVPS59.3%NANA-48.2%
Share Price -10% -25.3% -8.8% -

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-66.3-66.7-603.693.824.346.816.962.40.2-0.1-0.5
Op. Profit
Mgn %
-15.3-40.1-23.2-23.5-17.3-22.2-3.4-80.80-163.1-845.6
Net Profit
Mgn %
-18.9-55.6-79.9-31.5-14.8-27-27.4-2430.60-166-1000.6
Debt to
Equity
3.26.8-12.6-5.2-4.4-3.2-2.7-1.5000
Working Cap
Days
1835604662833131913514,233010,628610
Cash Conv.
Cycle
6216116611312233812,47805,863596

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales23.506.957.2312.8111.5017.758.510.5600.42
Operating Expenses + 27.099.739.9115.8213.4921.688.801.010.071.09
Manufacturing Costs1.100.811.030.791.551.820.66000.24
Material Costs23.447.316.0712.629.6417.667.380.7100.39
Employee Cost 0.810.470.770.941.371.130.270.110.020.14
Other Costs 1.731.142.041.470.941.070.490.190.050.33
Operating Profit -3.59-2.78-2.68-3.01-1.99-3.93-0.29-0.45-0.07-0.68
Operating Profit Margin (%) -15.3%-40.1%-37.1%-23.5%-17.3%-22.2%-3.4%-80.8%--163.0%
Other Income + 0.260.051.041.230.050.270.400.413.160.04
Exceptional Items 0000000000
Interest 2.942.471.812.351.371.822.162.2100.01
Depreciation 1.131.04110.980.990.990.9900.01
Profit Before Tax -7.40-6.25-4.46-5.12-4.29-6.48-3.05-3.243.09-0.66
Tax -2.95-2.382.02-1.08-2.59-1.68-0.7110.360.020
Profit After Tax -4.45-3.86-6.48-4.03-1.70-4.80-2.33-13.603.07-0.66
PAT Margin (%) -18.9%-55.6%-89.6%-31.5%-14.8%-27.0%-27.4%-2,430.6%--159.0%
Adjusted EPS (₹)-4.4-3.8-6.4-4.0-1.7-4.8-2.3-13.53.0-0.3
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Starlit Power System - Standalone

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 7.224.37-2.45-6.15-7.85-12.65-14.98-28.62949.65968.74
Share Capital 8.0510.0610.0610.0610.0610.0610.0610.0610.3720.43
Reserves -0.83-5.70-12.52-16.21-17.91-22.71-25.04-38.68939.28948.30
Debt +22.9725.0530.8731.8434.4739.9040.9142.670.170.86
Long Term Debt9.969.7228.9229.8332.4537.9338.9940.9800
Short Term Debt13.0115.331.952.022.021.971.921.680.170.86
Minority Interest0000000000
Trade Payables7.027.274.587.577.556.705.516.0100.06
Others Liabilities -2.88-5.16-3.15-3.99-6.76-7.61-7.990.780.030.03
Total Liabilities 34.3331.5229.8529.2827.4126.3423.4520.84949.84969.68

Fixed Assets

Net Fixed Assets +17.2216.2414.1013.1712.3311.4610.479.4807.94
Gross Block19.4119.4217.3517.4117.5517.6717.6817.5907.95
Accumulated Depreciation2.193.193.244.245.226.217.218.1100.01
CWIP 4.525.595.595.595.595.595.595.5909.23
Investments 0.100.100.100.100000941.14936.63
Inventories5.532.343.733.885.342.070.960.290.398.31
Trade Receivables4.744.435.225.163.186.445.234.740.014.65
Cash Equivalents 0.070.040.490.140.030.150.1800.030.33
Others Assets 2.162.770.621.230.940.631.020.748.262.59
Total Assets 34.3331.5229.8529.2827.4126.3423.4520.84949.84969.68

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 0.052.23-3.751.05-0.85-3.381.190.262.68-3.82
PBT -7.40-6.25-4.46-5.12-4.29-6.48-3.05-3.243.09-0.66
Adjustment 4.364.654.143.632.352.813.163.1509.70
Changes in Working Capital 3.093.82-3.432.531.10.291.080.35-0.39-12.86
Tax Paid 00000000-0.020
Cash Flow From Investing Activity + -4.44-1.870.17-0.07-0.52-0.12-0.010.012.45-6.64
Capex -4.28-1.960.14-0.07-0.14-0.12-0.010.010-7.95
Net Investments 000000002.454.52
Others -0.170.090.04-0-0.380000-3.20
Cash Flow From Financing Activity + 4.07-0.384.02-1.321.253.62-1.15-0.45-5.5510.76
Net Proceeds from Shares 5.120000000010.06
Net Proceeds from Borrowing 00000001.99-5.550.70
Interest Paid -2.80-2.45-1.81-2.29-1.37-1.82-2.16-2.2100
Dividend Paid 0000000000
Others 1.742.075.830.972.625.441.01-0.2300
Net Cash Flow -0.32-0.020.45-0.34-0.110.120.03-0.18-0.430.30

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)-66.29-70.83N/AN/AN/AN/AN/AN/A0.67-0.07
ROCE (%)-15.48-12.82N/AN/AN/AN/AN/AN/A0.64-0.07
Asset Turnover Ratio0.780.210.240.430.410.660.340.0300
PAT to CFO Conversion(x)N/AN/AN/AN/AN/AN/AN/AN/A0.87N/A
Working Capital Days
Receivable Days49.50240.80243.60147.80132.2098.80250.303,25202,045.40
Inventory Days98.90206.70153.20108.40146.4076.2065.10407.6003,818.80
Payable Days93.30356.70356175.70286.20147.30302.102,955.40028

Management X-Ray

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Starlit Power Systems Ltd FAQs

The current trading price of Starlit Power System on 02-Jan-2025 16:59 is ₹3.59.

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 01-Jan-2025 the market cap of Starlit Power System stood at ₹3.61 Cr

The latest P/E ratio of Starlit Power System as of 01-Jan-2025 is 0.00.

The latest P/B ratio of Starlit Power System as of 01-Jan-2025 is 0.00.

The 52-week high of Starlit Power System is ₹3.59 and the 52-week low is ₹3.59.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Starlit Power System is ₹0.37 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Starlit Power Systems Ltd is a below average quality company.

The key valuation ratios of Starlit Power Systems Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

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

About Starlit Power Systems Ltd

Starlit Power Systems is a group company of the diversified Starlit Group. The company was incorporated in the year 2008 with its focus Lead and based products. It is engaged in Smelting of Battery & Lead Scrap, manufacture, supply and export of pure lead, different Lead Alloys like Calcium Aluminum alloy Antimonial Alloy and Selenium Alloy, Lead Oxides like Lead Sub Oxide and Red Lead. It has the smelting capacity of 15000 MT per annum and refining/alloying capacity of over 12000 MT per annum with technical capacity to convert assorted heterogeneous lead scrap into pure lead of upto 99.98% purity. Committing to quality & environment protection, the company works on streamlined processes and principles. The company uses producer gas as a fuel for all smelting and refining operations. The producer gas is generated captive biomass gassifier plant thereby considerably reducing dependence on Hydro-carbons like furnace oil and diesel. The biomass gassifier technology is Developed by TERI and approved by Ministry of New & Renewable Energy, Government of India.

The company’s plant has been selected as successful demonstration manufacturing plant by United Nations Environment Program (UNEP), Japan for efficient energy operation. The company is an ISO 9001:2008 & ISO 14001:2004 certified company and all the systems & procedures are documented as per certification requirements. Stringent quality measures & processes are implemented at each stage right from the procurement of raw material till the final dispatch of finished products.

Recently, the company has commissioned its battery project with the capacity to produce 10,000 batteries for automotive and inverter applications. Lead being an essential input in battery manufacturing and comprising over two-third of the battery cost, for this forward integration of converting the company produced lead into batteries was a logical step forward for the company. The project was being built for the last two and half years and commercial production was finally commissioned in July, 2014.

Product Portfolio

  • Remelted Lead: The smelting process adopted produces soft & hard lead.
  • Refined Lead or Pure Lead (99.97%): The refining process adopted produces Refined Lead Ingots with a minimum purity level of 99.975 % by weight but achieves purity level of 99.98% in most cases.
  • Lead Sub-Oxide or Grey Oxide: Lead Sub-Oxide/Grey Oxide is manufactured through Ball Mill Process using refined lead with minimum 99.97 % purity.
  • Red Lead Oxide: Red Lead Oxide is manufactured from Lead Sub-Oxide/Grey Oxide which is manufactured from above process refined lead with minimum 99.97 % purity.
  • Lead Alloys: Lead - Calcium Alloy, Antimony Alloy, Antimony-Selenium Alloy All products are produced adhering to the highest norms of safety. SPSL has the wherewithal to produce customized Lead Alloys as may be required for specialized applications.
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