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Scooters India Ltd. Stock Analysis

Small Cap
Evaluated by 241 users | BSE: 505141 | NSE: |
Automobile Two & Three Wheelers
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....

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.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed -34.76%-21.32%-11.24%17.82%9.81%5.26%-6.73%-17.6%-5.46%-21.23%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 16020819017615213996.450.563.972
Y-o-Y Gr. Rt.-30%-8.8%-7.5%-13.4%-8.5%-30.7%-47.7%26.5%12.8%
Adjusted EPS (Rs.) -3.98-4.12-1.121.591.30.64-1.06-2.18-0.53-1.8
Y-o-Y Gr. Rt.-NANANA-18.2%-50.8%-265.6%NANANA
Book Value per Share (Rs.) -13.62-18.257.039.7310.9211.5610.358.167.575.73
Adjusted Net Profit -17.1-17.7-613.611.15.5-9.1-18.6-4.6-15.7
Net Op. Cash Flow (Rs. Cr.) -23.113.483.8-5.1-17.8-11.7-6.2-1-9.12.4
Debt to Cash Flow from Ops -3.537.340.17-4.71-1.82-2.63-4.98-18.21-1.766.79
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Scooters India Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -8.5%-13.9%-9.3%12.8%
Adjusted EPS NA-206.7%NANA
Book Value per Share 0-12.1-17.9-24.3
Share Price -1.3% 4.7% -8.7% 18.6%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 43.3230.5539.4722.5412.585.71-9.68-23.56-6.83-27.1
Operating Profit Margin (%) -5.06-1.82-3.371.114.66-0.08-10.79-45.18-7.58-21.83
Net Profit Margin (%) -10.7-8.52-3.167.747.293.94-9.39-36.91-7.26-21.84
Debt to Equity -1.39-1.250.390.290.350.310.350.260.240.32
Working Capital Days 1088485106182253341560365275
Cash Conversion Cycle 3634344296136190325235168
Entity Percentage Holding
Promoters 93.87%
Institutions 3.88%
Non-Institutions 2.25%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Scooters India's performance infers:

Scooters India earnings have declined by -206.7%, whereas share price has appreciated 4.7% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Scooters India share prices over the last 10 years. Here is what we found out:

Scooters India share price has appreciated -1.1% annually over the past ten years.

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

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
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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