SML Isuzu Ltd - Stock Valuation and Financial Performance

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

SML Isuzu Share Price

2,033.80 -8.05 -0.39%
as on 12-Jul'24 16:01

DeciZen - make an informed investing decision on SML Isuzu

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

SML Isuzu stock performance -

mw4me loader
P/E Ratio (SA):
27.24
Market Cap:
2,939 Cr.
52-wk low:
990
52-wk high:
2,470.1

Is SML Isuzu Ltd an attractive stock to invest in?

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 Overvalued zone.

3. Is SML Isuzu Ltd a good buy now?

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

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.
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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 6.1%13.6%15.2%16%2.9%4.9%-1.7%-22%-17.8%8.3%-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 8811,1061,1661,3561,1351,4091,1545919241,8222,196
Sales YoY Gr.-25.5%5.5%16.3%-16.3%24.2%-18.1%-48.8%56.4%97.1%-
Adj EPS 12.125.535.443.55.613.8-14.1-92.5-69.613.474.6
YoY Gr.-111.6%38.8%23%-87.2%146.6%-202.3%NANANA-
BVPS (₹) 191209.3235279275.1285.8265.9176.6111.6123197.3
Adj Net
Profit
17.436.951.2638.119.9-20.4-134-10119.4108
Cash Flow from Ops. 16268.8-11.8121-32.855.2150-46.7-18.690.1-
Debt/CF from Ops. 00.3-4.70.3-6.54.51.2-5.4-15.62.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 8.4%9.9%16.4%97.1%
Adj EPS 1.2%19.1%NANA
BVPS-4.8%-14.9%-22.7%10.2%
Share Price 13% 24.5% 47.9% 103%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
6.512.715.916.924.9-5.1-41.8-48.311.446.6
Op. Profit
Mgn %
3.65.97.58.145.31.1-11.6-4.54.58.2
Net Profit
Mgn %
23.34.44.70.71.4-1.8-22.7-10.91.14.9
Debt to
Equity
00.10.20.10.50.60.511.81.50.1
Working Cap
Days
1771411421241631581612211519551
Cash Conv.
Cycle
75455643797458945332-3

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 46.60%

Sales growth is growing at healthy rate in last 3 years 16.43%

Sales growth is good in last 4 quarters at 20.52%

Net Profit has been subdued in last 3 years 0.00%

Debt to equity has increased versus last 3 years average to 1.45

Latest Financials - SML Isuzu Ltd.

Standalone Consolidated
TTM EPS (₹) 74.6 -
TTM Sales (₹ Cr.) 2,196 -
BVPS (₹.) 197.3 -
Reserves (₹ Cr.) 271 -
P/BV 10.29 -
PE 27.24 -
From the Market
52 Week Low / High (₹) 989.95 / 2470.05
All Time Low / High (₹) 6.43 / 2470.05
Market Cap (₹ Cr.) 2,939
Equity (₹ Cr.) 14.5
Face Value (₹) 10
Industry PE 39

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

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Analyst's Notes

Key Ratios of SML Isuzu

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
Sales8811,1061,1661,3561,1351,4091,1545919241,822
Operating Expenses 8501,0401,0801,2461,0901,3351,1426609651,740
Manufacturing Costs18202324272622182124
Material Costs6688118481,0018401,0619044717571,461
Employee Cost 94120125140146167155133133172
Other Costs 70908481778161385483
Operating Profit 326687110457412-69-4182
Operating Profit Margin (%) 3.6%5.9%7.4%8.1%4.0%5.3%1.0%-11.6%-4.5%4.5%
Other Income 5964345563
Interest 6656111615232225
Depreciation 13202024283841464442
Exceptional Items 0000000000
Profit Before Tax 18496884924-38-133-10017
Tax 012172115-170-1-3
Profit After Tax 17375163820-21-133-10020
PAT Margin (%) 2.0%3.3%4.4%4.6%0.7%1.4%-1.8%-22.6%-10.8%1.1%
Adjusted EPS (₹)12.025.535.443.55.913.5-14.6-92.2-68.913.7
Dividend Payout Ratio (%)25%24%23%18%26%22%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 276303340404398414385256161178
Share Capital 14141414141414141414
Reserves 262288326389384399370241147163
Minority Interest0000000000
Debt0225540188214128207243241
Long Term Debt000351181049547917
Short Term Debt0225557011033160234224
Trade Payables164200172191212272167183245292
Others Liabilities 209198225151188195164136151209
Total Liabilities 6507247937859871,095843781801919

Fixed Assets

Gross Block227236283239417469554561564610
Accumulated Depreciation8498112245290128173215254
Net Fixed Assets143138171215365380426389349356
CWIP 92740783527351611
Investments 0000000000
Inventories243286339295364424269260296422
Trade Receivables8210410311511714939397976
Cash Equivalents 418836822303633146
Others Assets1328110475848569554749
Total Assets 6507247937859871,095843781801919

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 16269-12121-3355150-47-1990
PBT 18496884924-38-133-10017
Adjustment 15231827355658675864
Changes in Working Capital 1354-7833-72-2113020133
Tax Paid -5-7-19-24-6-40-1116
Cash Flow From Investing Activity 22-103-13-89-98-58-47-28-7-42
Capex -18-34-67-120-100-61-48-19-19-41
Net Investments 36-71452600-1-1110-1
Others 4295232221
Cash Flow From Financing Activity -1821117-3414610-976017-55
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 00035105-130-42-34-17
Interest Paid -6-6-5-6-10-15-13-23-20-24
Dividend Paid -11-4-9-11-11-2-5000
Others -1642231-516240-7912572-13
Net Cash Flow 2-23-8-21576-15-8-7
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)6.4412.7515.9116.942.124.82-5.28-41.69-47.8411.69
ROCE (%)6.7218.1420.421.513.796.37-3.88-20.61-16.49.53
Asset Turnover Ratio1.431.751.721.921.331.351.210.741.192.16
PAT to CFO Conversion(x)9.531.86-0.241.92-4.132.75N/AN/AN/A4.5
Working Capital Days
Receivable Days44282926363429242315
Inventory Days8980877610210210816010870
Payable Days7582806687838913610367

SML Isuzu Ltd Stock News

SML Isuzu Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of SML Isuzu on 12-Jul-2024 16:01 is ₹2,033.8.
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-Jul-2024 16:01 the market cap of SML Isuzu stood at ₹2,939.
The latest P/E ratio of SML Isuzu as of 12-Jul-2024 16:01 is 27.24.
The latest P/B ratio of SML Isuzu as of 12-Jul-2024 16:01 is 10.29.
The 52-week high of SML Isuzu is ₹2,470.1 and the 52-week low is ₹990.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of SML Isuzu is ₹2,196 ( Cr.) .

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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