Shivam Autotech Ltd - Stock Valuation and Financial Performance

BSE: 532776 | NSE: SHIVAMAUTO | Auto Ancillary | Small Cap

Shivam Autotech Share Price

45.86 0.80 1.78%
as on 12-Apr'24 10:20

DeciZen - make an informed investing decision on Shivam Autotech

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Shivam Autotech stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
550.7 Cr.
52-wk low:
23.6
52-wk high:
49.7

Is Shivam Autotech Ltd an attractive stock to invest in?

1. Is Shivam Autotech Ltd a good quality company?

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

2. Is Shivam Autotech Ltd undervalued or overvalued?

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

3. Is Shivam Autotech Ltd a good buy now?

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

10 Year X-Ray of Shivam Autotech:

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.
Shivam Autotech 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 % 15.7%12.8%7.7%3%5.2%2.7%0.1%2.8%3.5%-0.1%-
Value Creation
Index
0.1-0.1-0.5-0.8-0.6-0.8-1.0-0.8-0.8-1.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 399446424456557636588487469470470
Sales YoY Gr.-11.9%-4.9%7.4%22.2%14.2%-7.5%-17.1%-3.7%0.3%-
Adj EPS 2.62.61.8-0.4-0.1-1.7-3.4-2.2-1.3-2.9-2.8
YoY Gr.--0.4%-32.3%-119.7%NANANANANANA-
BVPS (₹) 1516.918.217.917.816.112.610.511.38.65.1
Adj Net
Profit
28.428.319.1-3.8-1-17.9-36.7-23.6-15.9-35.2-35
Cash Flow from Ops. 55.26.846.826.678.79410471.764.964.8-
Debt/CF from Ops. 2.129.36.5155.24.64.16.75.96.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 1.9%-3.3%-7.2%0.3%
Adj EPS -201%NANANA
BVPS-6%-13.6%-12%-24.5%
Share Price 14.2% 6% 43.4% 82.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
1916.510.1-2-0.5-9.9-23.8-19-12.6-28.9-41.6
Op. Profit
Mgn %
20.118.716.610.514.2138.91615.310.58.3
Net Profit
Mgn %
7.16.34.5-0.8-0.2-2.8-6.2-4.8-3.4-7.5-7.4
Debt to
Equity
0.71.11.62.12.22.53.24.32.84-
Working Cap
Days
1301611991801431371451541601580
Cash Conv.
Cycle
294163686758464463720

Recent Performance Summary

No data to display

Return on Equity is Poor

Sales growth has been subdued in last 3 years -7.16%

Debt to equity has increased versus last 3 years average to 4.03

Sales growth is not so good in last 4 quarters at -3.44%

Latest Financials - Shivam Autotech Ltd.

Standalone Consolidated
TTM EPS (₹) -2.8 -
TTM Sales (₹ Cr.) 470 -
BVPS (₹.) 5.1 -
Reserves (₹ Cr.) 38 -
P/BV 8.85 -
PE 0.00 -
From the Market
52 Week Low / High (₹) 23.60 / 49.70
All Time Low / High (₹) 2.80 / 100.69
Market Cap (₹ Cr.) 551
Equity (₹ Cr.) 24.4
Face Value (₹) 2
Industry PE 46.9

Management X-Ray of Shivam Autotech:

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 Shivam Autotech

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
Sales399446424456557636588487469470
Operating Expenses 318363354408478553536410398421
Manufacturing Costs145159160183214235192170147159
Material Costs129151140165186230252158172183
Employee Cost 33404244546261615556
Other Costs 12141116242730212423
Operating Profit 80837048788252787149
Operating Profit Margin (%) 20.1%18.7%16.6%10.4%14.1%13.0%8.8%15.9%15.2%10.5%
Other Income 0000111443
Interest 20202129464953575150
Depreciation 31272832414954494135
Exceptional Items 0000000000
Profit Before Tax 293621-13-8-14-54-25-16-33
Tax 182-10-65-17-202
Profit After Tax 282819-4-1-18-37-23-16-35
PAT Margin (%) 7.1%6.3%4.5%-0.8%-0.2%-2.9%-6.3%-4.6%-3.4%-7.4%
Adjusted EPS (₹)2.72.61.8-0.3-0.1-1.7-3.5-2.1-1.3-2.8
Dividend Payout Ratio (%)16%21%21%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 161181195192191173135113139105
Share Capital 10102020202020202424
Reserves 1511711751721711531159311480
Minority Interest0000000000
Debt89170275362360373382382277309
Long Term Debt30103171216211199204245173215
Short Term Debt596710514615017417813710493
Trade Payables4448466054105102797475
Others Liabilities 118968850688572124115134
Total Liabilities 412496605664674735691698604621

Fixed Assets

Gross Block413463486624758828863892898901
Accumulated Depreciation184212239272313362415463504539
Net Fixed Assets229251246353445467448429394362
CWIP 16101816128121
Investments 0000000000
Inventories638091969010986899079
Trade Receivables29494767839471678393
Cash Equivalents 163566762158
Others Assets9010511662445850493428
Total Assets 412496605664674735691698604621

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 55747277994104726565
PBT 293621-13-8-14-55-24-14-34
Adjustment 5150586187971111089287
Changes in Working Capital -19-72-28-2011048-14-109
Tax Paid -7-7-5-1-1003-33
Cash Flow From Investing Activity -19-55-118-86-48-68-43-18-5-1
Capex -19-55-118-86-48-68-44-19-5-1
Net Investments 0000000000
Others 0000000100
Cash Flow From Financing Activity -36546862-33-26-58-3-113-7
Net Proceeds from Shares 00000000100
Net Proceeds from Borrowing -207468549-2-993-706
Interest Paid -20-22-31-29-46-48-52-54-53-47
Dividend Paid -4-5-6-4000000
Others 9737404243-42134
Net Cash Flow 06-32-31250-5257
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)19.0216.4210.21-1.85-0.64-10.02-24.13-18.15-12.77-28.56
ROCE (%)18.1616.969.752.896.385.79-0.25.586.213.26
Asset Turnover Ratio1.091.030.810.760.850.90.820.70.720.77
PAT to CFO Conversion(x)1.960.252.47N/AN/AN/AN/AN/AN/AN/A
Working Capital Days
Receivable Days23303943485151525868
Inventory Days51557071605761656965
Payable Days120111122117112126150208162149

Shivam Autotech Ltd Stock News

Shivam Autotech Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Shivam Autotech on 12-Apr-2024 10:20 is ₹45.86.
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 12-Apr-2024 10:20 the market cap of Shivam Autotech stood at ₹550.7.
The latest P/E ratio of Shivam Autotech as of 12-Apr-2024 10:20 is 0.00.
The latest P/B ratio of Shivam Autotech as of 12-Apr-2024 10:20 is 8.85.
The 52-week high of Shivam Autotech is ₹49.70 and the 52-week low is ₹23.60.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Shivam Autotech is ₹470.4 ( Cr.) .

About Shivam Autotech Ltd

Shivam Autotech Limited, formerly known as Munjal Auto Components (MAC) commenced operations in September 1999 as a full fledged, autonomous wing of the HERO Group, a renowned corporate giant with $ 4.2 Billion turnover annually. Shivam Autotech produces several different kinds of gears Spline Shafts

With an Employee Strength of around 800 members, it manufactures and markets Components for the Auto Sector to an Original Equipment Manufacturer (OEM). Its current product offering includes different kinds of Gear Blanks, Spline Shafts, and Finished Gears & Plungers.

Shivam Autotech’s Unique Selling Proposition is the fact that it is among the few auto component manufacturers in the country today which uses Near Net Shape Technology for Cold and Warm Forging.

The Hero group has two flagship companies under it Hero Honda Motors Limited world’s Largest Two-wheeler Company & Hero Cycles Limited world’s largest in bicycles manufacturing.

Product range of the company includes:

  • Transmission Gear
  • Transmission Shafts
  • Cold Forge Components
  • Warm Forged Components
  • Power Train Components
  • Near net Shape Technology
  • Engine Transmission Components
  • Hot Formed Components
  • Cold Formed Components

Milestones:

  • 1999-2000 -Production started (Machined GEAR BLANKS from Hot Forging)
  • 2000-2001- Production of SPLINE SHAFTS started from Cold Extrusion with imported toolings from Japan.Production of WARM FORGING (Lug Gears and Ratchets) with imported toolings from Japan.Warm Forging & Cold extrusion Tooling indigenized.
  • 2001-2002- QS 9000 Certification by DNV. Expansion of facilities for 2nd Warm Forging Line.
  • 2002-2003- Improvement in manufacturing effectiveness and quality performances by GEMBA KAIZEN, TPM, 5S. Development for P40, P60, P70, CDN model Parts.Plunger Supply started to MICO BOSCH for Fuel Pump.
  • 2003-2004 -Recognized as DOL (Direct on line) supplier by Hero Honda.Started Shaping, Carburising for finished Gears & ShaftsTS 16949:2002, ISO 14001:2004 & OHSAS 18001:2007 certified by DNV
  • 2004-2005- Awarded by MICO BOSCH in Recognition to Excellence in Performance
  • 2005-2006 -Awarded for 2nd &3 rd Prize in Model Competition in “KAIZEN SUMMIT” Organized by INSSAN on 17th & 18th Nov. 2005.Won “Distinguished Case Study Award” in CCQC 2005 organized by QCFI-Delhi Chapter on 1st Oct. 2005

Achievements/ recognition:

Certifications:

  • ISO/TS: 16949
  • ISO: 14001
  • OHSAS: 18001
  • Excellence in performance 2005-2006.
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