Samkrg Pistons & Rings Ltd Stock Analysis

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

BSE Share Price May 18, 15:17
140.20 3.20 (2.34%)

DeciZen - Make an Informed Decision on Samkrg Pistons&Rings

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

1. Quality

2. Valuation

Fair

3. Price Trend

FAQs

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.

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'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 15.8%13.2%12.4%14.7%16%17.6%15.5%14.3%12.5%10.7%-
Value Creation Index 0.1-0.1-0.10.10.10.30.10.0-0.1-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 199173206232245252268290236225255
YoY Gr. Rt. %--13%18.6%13.1%5.5%2.6%6.7%7.9%-18.5%-4.5%-
Adj EPS 128.810.512.716.12020.42119.917.417.5
YoY Gr. Rt. %--26.4%18.6%21.2%27.2%24.2%2%2.6%-5.3%-12.4%-
BVPS (₹) 62.567.275.384.792.3111.8126.7142.3150.2167.3177.8
Adj Net Profit 11.88.710.312.515.919.720.120.619.517.117
Cash Flow from Ops. 15.917.517.431.625.333.426.727.224.419.9-
Debt/CF from Ops. 2.62.32.10.60.70.50.70.60.60.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 1.4%-1.7%-5.7%-4.5%
Adj EPS 4.2%1.5%-5.2%-12.4%
BVPS 11.612.69.711.4
Share Price 6.1% -11.4% -0.9% -12.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % 20.613.314.415.617.919.316.915.413.410.910.2
Op. Profit Mgn % 1617.514.514.614.516.115.514.916.31613.6
Net Profit Mgn % 5.9555.46.57.87.57.18.37.66.7
Debt to Equity 0.70.60.50.20.20.20.20.10.10-
Working Cap Days 9211289757680686586970
Cash Conv. Cycle 445645383741343549590

Recent Performance Summary

Sales growth is good in last 4 quarters at 77.24%

Return on Equity has declined versus last 3 years average to 10.10%

Sales growth has been subdued in last 3 years -5.66%

Net Profit has been subdued in last 3 years -5.24%

Latest Financials - Samkrg Pistons & Rings Ltd.

Standalone Consolidated
TTM EPS (₹) 17.5 -
TTM Sales (₹ Cr.) 255 -
BVPS (₹.) 177.8 -
Reserves (₹ Cr.) 165 -
P/BV 0.77 -
PE 7.82 -
From the Market
52 Week Low / High (₹) 133.00 / 252.00
All Time Low / High (₹) 6.50 / 379.00
Market Cap (₹ Cr.) 135
Equity (₹ Cr.) 9.8
Face Value (₹) 10
Industry PE 32.9

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

Analyst's Notes

News

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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