Sansera Engineering Ltd - Stock Valuation and Financial Performance

BSE: 543358 | NSE: SANSERA | Auto Ancillary | Small Cap

Sansera Engineering Share Price

1,028.10 12.40 1.22%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Sansera Engineering

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Sansera Engineering stock performance -

mw4me loader
P/E Ratio (SA):
30.98
Market Cap:
5,486.7 Cr.
52-wk low:
707
52-wk high:
1,089

Is Sansera Engineering Ltd an attractive stock to invest in?

1. Is Sansera Engineering Ltd a good quality company?

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

2. Is Sansera Engineering Ltd undervalued or overvalued?

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

3. Is Sansera Engineering Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Sansera Engineering Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Sansera Engineering:

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

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 13.1%13%13.5%10.3%12.4%11.5%8.4%8.9%10.5%10.7%-
Value Creation
Index
0.00.0-0-0.2-0.1-0.2-0.4-0.4-0.3-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 5787528369671,1471,3741,2621,3511,7452,0902,410
Sales YoY Gr.-30.1%11.2%15.6%18.7%19.7%-8.2%7.1%29.1%19.8%-
Adj EPS 8.812.214.713.119.92215.619.623.727.333.1
YoY Gr.-39.5%20.7%-11.2%51.8%10.6%-29.3%26.2%20.7%15.2%-
BVPS (₹) 62.174.389.6100.9121.9145.7162.5183193.9219.7245
Adj Net
Profit
41.157.369.261.493.31037392.1124145177
Cash Flow from Ops. 27.969.413884162236219220186231-
Debt/CF from Ops. 7.23.42.14.33.12.32.72.23.12.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 15.4%12.7%18.3%19.8%
Adj EPS 13.5%6.6%20.7%15.2%
BVPS15.1%12.5%10.6%13.3%
Share Price - - - 42.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
17.317.317.313.11715.79.71112.913.114.2
Op. Profit
Mgn %
17.917.817.41720.619.616.418.317.416.817.3
Net Profit
Mgn %
7.17.68.36.48.17.55.86.87.16.97.4
Debt to
Equity
0.70.70.70.80.90.80.80.60.60.5-
Working Cap
Days
14614214814314514316215213513464
Cash Conv.
Cycle
7877717078778576697312

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 14.20%

Sales growth is growing at healthy rate in last 3 years 18.33%

Net Profit is growing at healthy rate in last 3 years 20.65%

Debt to equity has declined versus last 3 years average to 0.54

Sales growth is good in last 4 quarters at 17.45%

No data to display

Latest Financials - Sansera Engineering Ltd.

Standalone Consolidated
TTM EPS (₹) 33.1 32.6
TTM Sales (₹ Cr.) 2,410 2,682
BVPS (₹.) 245 242.4
Reserves (₹ Cr.) 1,302 1,288
P/BV 4.18 4.22
PE 30.98 31.38
From the Market
52 Week Low / High (₹) 706.95 / 1089.00
All Time Low / High (₹) 548.30 / 1089.00
Market Cap (₹ Cr.) 5,487
Equity (₹ Cr.) 10.7
Face Value (₹) 2
Industry PE 46.3

Management X-Ray of Sansera Engineering:

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 Sansera Engineering

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
Sales5787528369671,1471,3741,2621,3511,7452,090
Operating Expenses 4746196908029121,1051,0541,1041,4411,739
Manufacturing Costs12797112192217300299305394486
Material Costs239313347400458589539582756909
Employee Cost 79102134174193167170169226268
Other Costs 291079837434946486576
Operating Profit 103133146164236269207247304351
Operating Profit Margin (%) 17.9%17.7%17.4%17.0%20.5%19.6%16.4%18.3%17.4%16.8%
Other Income 9396131718171719
Interest 26202930404654434653
Depreciation 3029314454628188103114
Exceptional Items -1000000000
Profit Before Tax 5688949615517890133172203
Tax 1431223255668354352
Profit After Tax 425772641001128298128150
PAT Margin (%) 7.2%7.6%8.6%6.7%8.7%8.2%6.5%7.2%7.3%7.2%
Adjusted EPS (₹)8.812.215.313.721.323.917.520.924.628.4
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%8%9%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 3023594314845826947738691,0111,163
Share Capital 11111111112020201011
Reserves 2913484204725716747538491,0011,152
Minority Interest0000000000
Debt172216256323435474491384465507
Long Term Debt534872110172204164179227238
Short Term Debt119168183212263270327205239269
Trade Payables45446684102127143180217237
Others Liabilities 596398156205294288297319337
Total Liabilities 5786828511,0461,3241,5891,6951,7302,0122,243

Fixed Assets

Gross Block4054565826928049861,1361,2711,4751,725
Accumulated Depreciation156183215143196159238317415515
Net Fixed Assets2492733675506088278989541,0601,210
CWIP 173832329148675410865
Investments 14212121821091161009999
Inventories97109103128164203198202235326
Trade Receivables119138156198241249245291387407
Cash Equivalents 1584218383069403947
Others Assets6795129100100123102888589
Total Assets 5786828511,0461,3241,5891,6951,7302,0122,243

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 286913884162236219220186231
PBT 5688949615517890133172203
Adjustment 4546657092109129118146157
Changes in Working Capital -62-34-1-67-50-10241-91-76
Tax Paid -11-30-20-15-36-40-24-32-40-53
Cash Flow From Investing Activity 39-94-128-156-232-258-174-115-217-221
Capex -65-77-125-156-172-231-167-125-243-225
Net Investments 00000-27-4-1811-1
Others 104-17-30-610-328154
Cash Flow From Financing Activity -612525469618-10-15345-3
Net Proceeds from Shares 0000000085
Net Proceeds from Borrowing 0004885122-11105226
Interest Paid 00-30-30-40-46-51-40-45-51
Dividend Paid 000000000-11
Others -6125552851-5952-1233028
Net Cash Flow 6135-2625-336-48147
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)17.8717.8418.6614.4219.117.8711.3612.0713.7113.82
ROCE (%)17.9919.6618.5115.8319.8419.0110.912.7414.6215.01
Asset Turnover Ratio1.181.271.171.10.990.940.770.790.930.98
PAT to CFO Conversion(x)0.671.211.921.311.622.112.672.241.451.54
Working Capital Days
Receivable Days61586062686571727169
Inventory Days50474341454958544649
Payable Days685258697471911019691

Sansera Engineering Ltd Stock News

Sansera Engineering Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Sansera Engineering on 28-Mar-2024 16:01 is ₹1,028.1.
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 28-Mar-2024 16:01 the market cap of Sansera Engineering stood at ₹5,486.7.
The latest P/E ratio of Sansera Engineering as of 28-Mar-2024 16:01 is 30.98.
The latest P/B ratio of Sansera Engineering as of 28-Mar-2024 16:01 is 4.18.
The 52-week high of Sansera Engineering is ₹1,089 and the 52-week low is ₹707.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Sansera Engineering is ₹2,410 ( Cr.) .

About Sansera Engineering Ltd

Sansera Engineering is an engineering-led integrated manufacturer of complex and critical precision engineered components across automotive and non-automotive sectors. Within the automotive sector, it manufacture and supply a range of precision forged and machined components and assemblies, such as connecting rod, rocker arm, crankshaft, gear shifter fork, stem comp, and aluminium forged parts, that are critical for engine, transmission, suspension, braking, chassis and other systems for the two-wheeler, passenger vehicle and commercial vehicle verticals. Within the non-automotive sector, the company manufacture and supply a range of precision components for the aerospace, off-road, agriculture and other segments, including engineering and capital goods. It supplies most of its products directly to OEMs in finished (forged and machined) condition, resulting in significant value addition by it. The company is a technology-driven company with a focus on design, engineering, machine building and automation capabilities. These capabilities enable the company to roll out new products in a timely manner and develop higher strength components required for highend performance and graduate from manufacturing individual parts to the designing and manufacturing of sub-assemblies, thereby moving it up the value chain.

Most of the machines the company builds are modular by design and can be refurbished for other applications in case of a reduction in demand or a phasing out of the product for which the machine was originally built, thereby reducing its capital expenditure requirements and de-risking its business model. Its automation division, which works concurrently with its machine design and machine building divisions, has implemented multiple automation projects intended to increase its productivity and control labour costs. The company’s manufacturing operations are (i) integrated across the product cycle with the entire manufacturing process (encompassing forging, heat treatment, precision machining, other specialized processing, assembly, testing and quality control) being carried out in-house and (ii) coordinated through concurrent design and engineering, machine building and automation divisions. This enables the company to keep the core competencies required for its business within its Group, streamline its production processes, achieve shorter product development and delivery times, exercise greater control over key inputs and processes, reduce inventories and manage capital expenditure.

Business area of the company

The company is an engineering-led integrated manufacturer of complex and critical precision engineered components across automotive and non-automative sectors.

Awards, accreditations and recognitions

  • 2001: Awarded the Best Machining award by Yamaha Motors Private Limited.
  • 2004: Awarded the Supplier award for quality from Honda Motorcycles and Scooters India Private Limited.
  • 2005: Awarded the Vendor Performance award by Maruti Suzuki India Limited.
  • 2007: Awarded the Samman Patra Award by the Ministry of Finance, Department of Revenue, Government of India.
  • 2008 : Received ISO 14001:2004 certification for Plant 2 and Plant 3 by TUV NORD CERT GmbH.
  • 2008: Received BS OHSAS 18001:2007 certification for Plant 2 and Plant 3 by TUV NORD CERT GmbH
  • 2009: Awarded the Grand Award for QCDDM by Honda Motorcycles and Scooters India Private Limited.
  • 2010: Received ISO 14001:2004 certification for Plant 4 and Plant 6 by TUV NORD CERT GmbH
  • 2010: Received BS OHSAS 18001:2007 certification for Plant 4 and Plant 6 by TUV NORD CERT GmbH.
  • 2011: Awarded the Quality and Service Award by Ducati Motor Holding Spa, Italy.
  • 2011: Received a certificate of recognition as a Star Export House by the Ministry of Commerce and Industry, Government of India.
  • 2012: Received ISO 14001:2004 certification for Plant 5 by TUV NORD CERT GmbH.
  • 2012: Received BS OHSAS 18001:2007 certification for Plant 5 by TUV NORD CERT GmbH.
  • 2013: Awarded the Perfect Quality Award by Fiat.
  • 2013: Received ISO/TS 16949:2009 certification for Plant 5 by TUV NORD CERT GmbH.
  • 2013: Awarded the Silver Award for part development by India Yamaha Motors Private Limited.
  • 2013: Awarded the Quality Excellence Award from General Motors Company.
  • 2014: Awarded the Best Collaboration Award by Ducati Motor Holding Spa, Italy.
  • 2014: Received ISO/TS 16949:2009 certification for Plant 4 by TUV NORD CERT GmbH.
  • 2014: Awarded the Quality Excellence Award by General Motors Company.
  • 2014: Awarded a “3 star rating” by Confederation of Indian Industry – EHS.
  • 2015: Awarded the Quality Excellence Award by General Motors Company.
  • 2015: Awarded the Competitiveness Award by General Motors Company.
  • 2016: Awarded the Quality Excellence Award by General Motors Company.
  • 2016: Awarded a “4 star rating” by Confederation of Indian Industry – EHS.
  • 2016: Received EN ISO 50001:2011 certification for Plant 2 by TUV NORD CERT GmbH.
  • 2017: Awarded the Quality Performance Award by Volkswagen AG.
  • 2017: Awarded the Prashamsa Suraksha Puraskara by the National Safety Council, Karnataka Chapter.
  • 2017: Received ISO/IEC 17025:2005 certification for all facilities situated in Karnataka by National Accreditation Board for Testing and Calibration Laboratories.
  • 2017: Awarded the Zero Defect Supplies Award by Toyota Kirloskar Motor.
  • 2018: Received AS9100D and BS EN ISO 9001:2015 for Plant 9 by UKAS Management System under the Aerospace Sector Certification Scheme.
  • 2018: Awarded the Quality Excellence Award from India Yamaha Motors.
  • 2018: Awarded Supplier Quality Award from KTM Austria.
  • 2018: Awarded the Best Energy Efficient Case Study By Confederation Of Indian Industry (CII).
  • 2019: Awarded the FCA EMEA from Fiat- 2019.
  • 2019: Awarded the Zero Defect Supply Award from Toyota Kirloskar Motor.
  • 2020: Awarded the Silver Boeing Performance Excellence Award for 2019 from the Boeing Company.
  • 2021: Awarded the Supplier Quality Excellence Award from General Motors for Outstanding 2020 performance to General Motors.
  • 2021: Awarded the Zero Defects Supplies Award from Toyota Industries Engine India Private Limited for 2020.
  • 2021: Awarded the Best Quality Supplier Award (Auto) from Toyota Industries Engine India Private Limited for 2020.

Major events and milestones

  • 1986: Received first purchase order from Maruti Udyog Limited.
  • 1996: Commenced operations at Plant 2 situated in Bengaluru which also functions as Company’s headquarters.
  • 2000: Commenced operations at Gearock Forge, formerly, a 100% subsidiary of Company.
  • 2004: Commenced operations at Plant 3 situated in Bengaluru.
  • 2005: Commenced operations at Plant 4 situated in Manesar, Haryana.
  • 2005: Commenced operations at Plant 5 situated in Pune.
  • 2007: Commenced operations at Plant 6 situated in Pantnagar for Bajaj.
  • 2008: Installed forging and heat treatment facilities in Plant 5 and Plant 6.
  • 2008: Commenced operations at Plant 7 situated in Bengaluru.
  • 2009: Commenced production of connecting rods.
  • 2012: Commenced operations at Plant 8 situated in Bengaluru.
  • 2013: Investment by Client Ebene Limited (formerly called CVCIGP II Client Ebene Limited) and CVCIGP II Employee Ebene Limited in Company.
  • 2014: Commenced supply of machined connecting rods to TIEI (formerly known as Kirloskar Toyota Textile Machinery Private Limited).
  • 2015: Commenced operations at Plant 9 situated in Bengaluru as an aerospace division of Company.
  • 2017: Acquired Mape Sweden AB (Trolhattan Sweden), a European manufacturer of machined connecting rods for Heavy commercial vehicles. Mape Sweden AB was subsequently renamed to Sansera Sweden AB.
  • 2017: Commenced production of brackets for a global aircraft OEM.
  • 2017: Merged Gearock with Sansera Engineering. Gearock facilities formed Plant 12 of Sansera.
  • 2017: Expanded forging operations at Plant 14, Bangalore.
  • 2018: Designated Plant 10 in Bangalore as independent premises for machine building operations.
  • 2018: Shifted Sansera Sweden to a completely new leased premises, built to company’s specifications, with scope for further expansion.
  • 2018: Commenced mass production of Integral Crankshafts.
  • 2019: Commenced operations at Sansera’s largest plant, Plant 11 situated at Bidadi, Bangalore.
  • 2019: Commissioned manufacturing line for suspension products - stem comp and started supplies.
  • 2019: Commissioned manufacturing line for aluminium forged products and started mass production.
  • 2019: Commenced operations at Plant 15 situated at Gujarat.
  • 2020: Commenced development of multiple drive train components for hybrid vehicles for a global PV OEM.
  • 2020: Commenced development of suspension and drive train components for a domestic electric 2W OEM.
  • 2020: Fitwel commenced development of steering components for a Tier 1 supplier to PV OEMs.
  • 2021: Commenced development of braking assembly components for a PV OEM.
  • 2021: Secured orders and commenced development of machined engine casings in aerospace business.
  • 2021: Commenced development of BEV drivetrain components for a global electric PV OEM.
  • 2021: Commenced development of components for the defence segment.
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