Scooters India Ltd Stock Analysis

BSE: 505141 | NSE: | Automobile Two & Three Wheelers | Small Cap

BSE Share Price 23-Mar-2023 18:01
28.45 0.45 (1.61%)

DeciZen - Make an Informed Decision on Scooters India

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

1. Quality

2. Valuation

Overvalued

3. Price Trend

Scooters India Price Chart

P/E Ratio ( SA) :
13.18
Market Cap :
248.3 Cr.
52-wk low :
26
52-wk high :
35.9
Bole Toh?

1. Is Scooters India Ltd a good quality company?

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

2. Is Scooters India Ltd undervalued or overvalued?

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

3. Is Scooters India Ltd a good buy now?

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

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.
Scooters India 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'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % -11.2%17.8%9.8%5.3%-6.7%-17.6%-5.5%-21.2%-78.8%18.7%-
Value Creation Index -1.80.3-0.3-0.6-1.5-2.3-1.4-2.5-6.60.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 19017615213996.450.563.972500
YoY Gr. Rt. %--7.5%-13.4%-8.5%-30.7%-47.7%26.5%12.8%-93.1%-100%-
Adj EPS -1.11.61.30.6-1.1-2.2-0.5-1.8-5.60.92.2
YoY Gr. Rt. %-NA-18.2%-50.8%-265.6%NANANANANA-
BVPS (₹) 79.710.911.610.48.27.65.70.10.91.1
Adj Net Profit -613.611.15.5-9.1-18.6-4.6-15.7-48.77.619
Cash Flow from Ops. 83.8-5.1-17.8-11.7-6.2-1-9.12.4-11.8-6.3-
Debt/CF from Ops. 0.2-4.7-1.8-2.6-5-18.2-1.86.8-4.8-9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -100%-100%-100%-100%
Adj EPS NANANANA
BVPS -20.1-38.2-50.31,450
Share Price 3.2% -12.2% 25% -14.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 39.522.512.65.7-9.7-23.6-6.8-27.1-192.6176.6210.7
Op. Profit Mgn % -3.41.14.7-0.1-10.8-45.2-7.6-21.8-1016.600
Net Profit Mgn % -3.27.77.33.9-9.4-36.9-7.3-21.8-972.300
Debt to Equity 0.40.30.40.30.40.30.20.3113.57.1-
Working Cap Days 851061822533415603652752,52600
Cash Conv. Cycle 3442961361903252351681,22500

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 210.70%

Debt to equity has declined versus last 3 years average to 7.05

Sales growth has been subdued in last 3 years -100.00%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at -25.00%

Latest Financials - Scooters India Ltd.

Standalone Consolidated
TTM EPS (₹) 2.2 -
TTM Sales (₹ Cr.) 0 -
BVPS (₹.) 1.1 -
Reserves (₹ Cr.) -78 -
P/BV 25.42 -
PE 13.18 -
From the Market
52 Week Low / High (₹) 26.00 / 35.90
All Time Low / High (₹) 1.50 / 79.70
Market Cap (₹ Cr.) 248
Equity (₹ Cr.) 87.3
Face Value (₹) 10
Industry PE 23.6

Management X-Ray of Scooters India :

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 Scooters India

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Scooters India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Scooters India on 23-Mar-2023 18:01 is : 28.45.
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 23-Mar-2023 18:01 the market cap of Scooters India stood at ₹ 248.3.
The latest PE ratio of Scooters India as of 23-Mar-2023 18:01 is 13.18.
The latest PB ratio of Scooters India as of 23-Mar-2023 18:01 is 25.42
The 52-week high of Scooters India is ₹ 35.90 and the 52-week low is ₹ 26.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Scooters India is ₹ 0.00 ( Cr.) .

About Scooters India Ltd

Scooters India Limited, incorporated as a Government of India enterprise at Lucknow, on September 7, 1972, is an ISO 9001:2000 and ISO 14001 company, situated at 16 Km milestone, South-west of Lucknow, the capital of Uttar Pradesh on NH No 25 and is well connected by road, rail and air. It is a totally integrated automobile plant, engaged in designing, developing, manufacturing and marketing a broad spectrum of conventional and non-conventional fuel driven 3-wheelers.

The company’s plant owes its origin to  Innocenti of Italy from which it bought over the plant and machinery, design, documentation, copyright etc. The company also possesses the world rights of the trade name LAMBRETTA / LAMBRO.

In 1975, company started icommercial production of scooters under the brand name of Vijai Super for domestic market and Lambretta for the overseas market. It added one more wheel to its product range and introduced three wheelers under the brand name of VIKRAM/LAMBRO. However, in 1997, strategically, the company discontinued its two-wheeler production and concentrated only on manufacturing and marketing of three-wheelers. These three-wheelers have become more relevant in the present socio-economic environment as it transports goods and passengers at least cost.

For various reasons the company became sick and it was perceived that the company should be wound up. The company was referred to BIFR in 1991. In 1996 BIFR sanctioned the company’s rehabilitation package followiing which the company started operations in full swing. BIFR projections were achieved & surpassed. The company started making profit in 1996-97 & continues to do so. The company strategically stopped 2-wheeler production  in 1997 and concentrated on manufacturing  of three-wheelers under brand name ‘Vikram’.

The company has its own marketing network of regional sales offices all over India, catering to customer’s requirements in the areas of sales and services. The organisation has various departments to perform different activities competently. SIL has an organised system to control different activities. Personnel & administration department looks after the employees welfare, medical benefits, conveyance facilities, maintains their personal records and controls their regularity. It also take care of the security for the organisation. Marketing & services department looks after the marketing of the products, provide services to the customer and regulates the activities in its various regional offices.

The products have a high payload capacity and efficiency. These are specially designed and developed for local transportation. However, the generation of Vikram run successfully in different countries also. Their product is in demand in various countries all over the world . Germany, Italy, Sudan, Nigeria, Nepal, Bangladesh are few of the countries.

The company vision is to grow into an environment friendly and globally competitive company constantly striving to meet the changing needs of customer through constantly improving existing products, adding new products and expanding customer base.

The company is engaged in the manufacturing of

  • Vikram 450D
  • Vikram 410G
  • Vikram 600G
  • Vikram 750D
  • Vikram 750D (WC)
  • Vikram EV

Awards & Achievements:

  • National Safety Award-Ministry of Labour
  • Shramshree Award
  • Shreshtha Vypari awarded by sales tax department –ministry of finance
  • Best Pollution Control Implementation Gold Award –Jawaharlal Nehru Memorial National Award
  • 2 leaves for showing corporate environmental responsibility in automobile sector-centre for science and environment
  • Greentech Environment Excellence Silver Award in manufacturing sector-Greentech Foundation
  • Greentech Safety Gold Award in manufacturing sector-Greentech Foundation.
  • Udhyog Ratan Award –Institute Of Economic Studies
  • Dadabhai Naroji Millennium Award, 2005-Dr. Dadabhai Naroji International, Centenary Committee
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