SML Isuzu Ltd Stock Analysis

BSE: 505192 | NSE: SMLISUZU | Automobiles-Trucks/Lcv | Small Cap

BSE Share Price May 23, 18:01
591.50 4.95 (0.84%)

DeciZen - Make an Informed Decision on SML Isuzu

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

FAQs

1. Is SML Isuzu Ltd a good quality company?

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

2. Is SML Isuzu Ltd undervalued or overvalued?

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

3. Is SML Isuzu Ltd a good buy now?

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

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.
SML Isuzu 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'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 16.5%12.9%6.1%13.6%15.2%16%2.9%4.9%-1.7%-21.9%-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,0361,0028811,1061,1661,3561,1351,4091,154591924
YoY Gr. Rt. %--3.3%-12.1%25.5%5.5%16.3%-16.3%24.2%-18.1%-48.8%-
Adj EPS 31.225.112.125.535.443.55.613.8-14.1-92.2-68.9
YoY Gr. Rt. %--19.5%-52%111.6%38.8%23%-87.2%146.6%-202.3%NA-
BVPS (₹) 166.7182.5191209.3235279275.1285.8265.9176.6111.6
Adj Net Profit 45.236.417.436.951.2638.119.9-20.4-133-100
Cash Flow from Ops. 74.5-25.416268.8-11.8121-32.855.2150-46.7-
Debt/CF from Ops. 1.3-6.400.3-4.70.3-6.54.51.2-5.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -6%-12.7%-19.5%-48.8%
Adj EPS -212.8%-221.1%-354.7%NA
BVPS 0.6-5.6-13.7-33.6
Share Price 3.9% -13.9% -9.2% 33.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % 19.914.46.512.715.916.924.9-5.1-41.7-47.8
Op. Profit Mgn % 7.773.65.97.58.145.31.1-11.5-4.4
Net Profit Mgn % 4.43.623.34.44.70.71.4-1.8-22.6-10.8
Debt to Equity 0.40.600.10.20.10.50.60.510.1
Working Cap Days 150159177141142124163158161221111
Cash Conv. Cycle 516675455643797458940

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 0.00%

Sales growth has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - SML Isuzu Ltd.

Standalone Consolidated
TTM EPS (₹) -68.9 -
TTM Sales (₹ Cr.) 924 -
BVPS (₹.) 111.6 -
Reserves (₹ Cr.) 147 -
P/BV 5.30 -
PE 0.00 -
From the Market
52 Week Low / High (₹) 440.85 / 842.80
All Time Low / High (₹) 6.43 / 1670.00
Market Cap (₹ Cr.) 856
Equity (₹ Cr.) 14.5
Face Value (₹) 10
Industry PE 73.6

Management X-Ray of SML Isuzu :

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 SML Isuzu Ltd

SML ISUZU, earlier known as Swaraj Mazda, incorporated in 1983 as Swaraj Vehicles, is engaged in manufacturing of vehicles for goods and passenger applications. In 1984 the company entered in a joint venture with Punjab Tractors, Mazda Motor Corporation and Sumitomo Corporation, Japan for the manufacture of light commercial vehicles (LCVs). Thus the name of the company was changed to Swaraj Mazda.

Swaraj Mazda manufactures a range of vehicles such as trucks, buses and ambulances. The company has launched products like 4WD, Samrat, Sartaj, Dual Cab, Supreme-8 tonner, Truck- Super 12, Super ALFD and many more.

Milestones

1983- Swaraj Vehicles was incorporated in July of that year.   

1984- The company entered in a joint venture with Punjab Tractors, Mazda Motor Corporation, Japan & Sumitomo Corporation, Japan. SVL was renamed as Swaraj Mazda.   

1985- The company established a project with a capacity of 5000 LCVs at capital investment of Rs 20 crore. The company commenced trail production and test marketing of Swaraj Mazda Truck WT-48, WT-49 and WT-50 LCVs. The company also developed a vendor base as per PMP approved by the Government of India.  

1986- The company commences commercial operations.   

1987- SML introduced indigenously developed bus.

1989- It set up an in-house tooling for local production of chassis long member.

1990- It launched its second truck model (Swaraj Mazda Super).

1991- Transmission components indigenised.

1992- The company started supply of trucks to the defence ministry. It supplied 500 vehicles to the defence sector. 

1993- The company launched its third truck model (Swaraj Mazda Premium).   

1994- SML was declared a sick company under SICA (due to rupee devaluation of 1991-93).

1995- BIFR approves rehabilitation scheme.

1996- The company developed a 4-wheel drive truck.   

1998- The company completes wipe off of accumulated losses.

2000- SML extended technical assistance agreement up to October 2004.     

2001- The company’s cumulative sales crossed 50,000 vehicles. In March SWL launched a 4-wheel drive ambulance. In August company launched an economy truck ‘Sartaj'. The company launched a CNG Bus for NCR Delhi in October.

2002- The company’s profit before tax for FY 2002 crosses Rs 100 million mark.   

2003- Profit before tax for FY-2003 grows 115% to Rs 225 million.    

2004- SWL’s profit before tax for FY-2004 grows 44% to Rs. 324 million.  

2005- The company’s cumulative sales crossed 86,000 vehicles. In June, Punjab Tractors sold off its 15% of equity stake in favour of Sumitomo Corporation, Japan. In August, Mazda Motor Corporation sold off its 15% of equity holding in favour of Sumitomo Corporation, Japan

2006- The company received approval from government for new manufacturing facilities at existing site in January. The company entered technical assistance agreement with Isuzu Motors. In August company started construction of buildings for vehicle expansion and new bus body plant. 

2007- The company conducted trial production of Isuzu bus LT134 in July.

2008- The company launched ultra luxury buses in July

2009- Sumitomo raised its stake in the company to 53.5% by purchasing the entire equity stake of Punjab Tractors in the company.  

2011- Swaraj Mazda renamed as SML ISUZU LIMITED

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