IST Ltd - Stock Valuation and Financial Performance

BSE: 508807 | NSE: | Auto Ancillary | Small Cap

IST Share Price

979.90 8.25 0.85%
as on 25-Apr'24 16:01

DeciZen - make an informed investing decision on IST

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

IST stock performance -

mw4me loader
P/E Ratio (SA):
41.66
Market Cap:
1,133.3 Cr.
52-wk low:
446.9
52-wk high:
1,050

Is IST Ltd an attractive stock to invest in?

1. Is IST Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that IST Ltd is a average quality company.

2. Is IST Ltd undervalued or overvalued?

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

3. Is IST Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of IST 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 IST:

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.
IST Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 2.7%1.7%2.7%5.1%5.9%3.9%3.9%4.3%5.6%4.8%-
Value Creation
Index
-0.8-0.9-0.8-0.6-0.6-0.7-0.7-0.7-0.6-0.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 21.318.417.625.32422.417.629.827.626.123
Sales YoY Gr.--13.7%-4.1%43.3%-5.1%-6.8%-21.6%69.6%-7.3%-5.6%-
Adj EPS 3.42.13.46.88.75.95.879.58.423.3
YoY Gr.--36.6%61.5%97.7%27.4%-31.6%-1.9%20.7%35.1%-11%-
BVPS (₹) 127129.2134.8143151.6158.1162.4169.5177.5184.2205.1
Adj Net
Profit
3.92.547.910.16.96.88.211.19.827
Cash Flow from Ops. 7.3410.77.19.28.96.511.12.811.7-
Debt/CF from Ops. 001.20.6000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 2.3%1.7%14.1%-5.6%
Adj EPS 10.8%-0.5%13.2%-11%
BVPS4.2%4%4.3%3.8%
Share Price 22.6% 24% 35.6% 116.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
2.71.72.64.95.93.83.64.25.54.712
Op. Profit
Mgn %
9.6-1.34.716.918.77.89.113.66.18.86.5
Net Profit
Mgn %
18.413.522.731.442.130.938.627.54037.8119
Debt to
Equity
000.10000000-
Working Cap
Days
591616566360444464496239238233327
Cash Conv.
Cycle
171173188161188188247139123122289

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 12.00%

Sales growth is growing at healthy rate in last 3 years 14.07%

Net Profit is growing at healthy rate in last 3 years 13.21%

Sales growth is not so good in last 4 quarters at 4.70%

Latest Financials - IST Ltd.

Standalone Consolidated
TTM EPS (₹) 23.3 103.1
TTM Sales (₹ Cr.) 22.9 118
BVPS (₹.) 205.1 1,068.8
Reserves (₹ Cr.) 233 1,241
P/BV 4.74 0.91
PE 41.66 9.43
From the Market
52 Week Low / High (₹) 446.85 / 1050.00
All Time Low / High (₹) 21.00 / 1050.00
Market Cap (₹ Cr.) 1,133
Equity (₹ Cr.) 5.8
Face Value (₹) 5
Industry PE 47.5

Management X-Ray of IST:

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

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
Sales21181825242218302826
Operating Expenses 19191721202119262827
Manufacturing Costs3333333454
Material Costs64365531198
Employee Cost 7779997889
Other Costs 3434335366
Operating Profit 201442-14-1-1
Operating Profit Margin (%) 9.6%-1.4%4.7%16.8%16.8%7.6%-5.4%13.1%-3.0%-2.6%
Other Income 46101112111191613
Interest 0001001000
Depreciation 2223333333
Exceptional Items 0000000000
Profit Before Tax 53911139610129
Tax 1123321231
Profit After Tax 43791085898
PAT Margin (%) 18.7%13.7%37.6%34.8%42.0%34.0%28.5%27.3%33.8%29.8%
Adjusted EPS (₹)3.42.25.77.58.66.54.37.08.06.7
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 148151157167177184189198207215
Share Capital 6666666666
Reserves 142145151161171179184192201209
Minority Interest0000000000
Debt00134000000
Long Term Debt00134000000
Short Term Debt0000000000
Trade Payables0010000110
Others Liabilities 781011141111101413
Total Liabilities 156159180182192196201209222228

Fixed Assets

Gross Block42434471717376182021
Accumulated Depreciation16182035811101111
Net Fixed Assets262524686666659810
CWIP 1000000000
Investments 90971278390105113128138150
Inventories7678778544
Trade Receivables4356546655
Cash Equivalents 4333410011
Others Assets2425151519149616458
Total Assets 156159180182192196201209222228

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 7411799611312
PBT 53911139610129
Adjustment -30-4-10-21-4-62
Changes in Working Capital 628-00416-12
Tax Paid -1-1-2-3-3-2-2-1-2-2
Cash Flow From Investing Activity -8-5-233-4-12-6-10-1-11
Capex -1-1-100-20-2-10
Net Investments -11-8-250-8-13-7-13-4-15
Others 4333441554
Cash Flow From Financing Activity 0013-10-40-1-1-1-1
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0013-9-400000
Interest Paid 000-1000000
Dividend Paid 0000000000
Others 000000-1-1-1-1
Net Cash Flow -1-1001-3001-1
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)2.731.694.35.425.864.212.674.24.613.69
ROCE (%)3.282.195.727.327.515.283.525.126.074.54
Asset Turnover Ratio0.150.130.120.160.130.120.090.150.130.12
PAT to CFO Conversion(x)1.751.331.570.780.91.131.21.380.331.5
Working Capital Days
Receivable Days58627273857597707270
Inventory Days12312012797111120156796360
Payable Days31355634332937223625

IST Ltd Stock News

IST Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of IST on 25-Apr-2024 16:01 is ₹979.9.
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 25-Apr-2024 16:01 the market cap of IST stood at ₹1,133.3.
The latest P/E ratio of IST as of 25-Apr-2024 16:01 is 41.66.
The latest P/B ratio of IST as of 25-Apr-2024 16:01 is 4.74.
The 52-week high of IST is ₹1,050 and the 52-week low is ₹446.9.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of IST is ₹22.87 ( Cr.) .

About IST Ltd

Indo Swiss Time Limited (IST) was incorporated as a public limited company on 1976 to carry on the business of manufacture, design, import and export of watches and watch parts, components, cases and other ancillary products.

They have a Variety of Turned, Milled, Drilled jobs and Stampings on Swiss and German plant with in-house designing, tooling, surface and heat treatment. 45,000 sq. mtrs. of lush green industrial estate 45 Kms. from New Delhi International Airport.Connected Power Load 750 KW.Self-Generation capacity for Power 600 KVA.

The primary operations of the company are now manufacturing components for exports.  The components manufactured are high quality precision components used in electronic, medical and dental instrument.  The company had developed the components to meet the exacting standards required of its international customers and has been able to secure repeat orders from its buyers. 

They manufacture Precision Turned, Milled, Drilled Components and stampings for the following Industries

  • Auto component industry
  • White goods industry
  • Consumer goods industry
  • Dentel & Orthopeadic Implants

Product range of the company includes:

  • Automotive Transmission Parts.
  • Carburettor Parts
  • Fuel Injection Equipment & Parts
  • Precision Components & Assemblies for-Communication Equipment & Office Products.-Consumer Durable & White Goods. -Oral Care Products. -Instrumentation & Engineering Goods
  • Dental & Orthopeadic Screws

The Major Customers of the company are:

  • General motors, Powertrain Division, Nao, Detroit, USA
  • Borg warner , USA
  • General motors, India
  • Maruti-Suzuki, India
  • Tata-Fiat Automobiles, India
  • Gimmeli Production AG, Switzerland, Hongkong & China
  • Ucal fuel systems (mikuni), India
  • Keihin Fie, India
  • Siemens, India

Achievements/ recognition:

  • ISO/TS 16949:2000 and ISO 14001 Certified Unit. (Through RWTUV Germany).

Future plans:

  • Expansion Projects under execution for Auto Components / Assemblies at Bawal (40,000 sq.mtrs.) and Manesar (9000 sq.mtrs.), Haryana
  • Diversification through Collaborations, Joint Ventures or Technology Transfer Agreements  for new products.
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