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BSE: 0 | NSE: SCML | Castings/Forgings | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Sharp Chucks & Machines Ltd is a below average quality company.
The key valuation ratios of Sharp Chucks & Machines Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Sharp Chucks & Machines Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|
| ROCE % ⓘ | 7.7% | 7.9% | 7.1% | 7.4% | - |
| Value Creation Index ⓘ | -0.5 | -0.4 | -0.5 | -0.5 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||
| Sales ⓘ | 113 | 135 | 152 | 176 | 176 |
| Sales YoY Gr. | - | 20.1% | 12.1% | 16.2% | - |
| Adj EPS ⓘ | 3 | 3.4 | 4.6 | 5 | 4.7 |
| YoY Gr. | - | 14.2% | 36.8% | 9.1% | - |
| BVPS (₹) ⓘ | 40.4 | 43.8 | 48.3 | 53.5 | 62.5 |
| Adj Net Profit ⓘ | 2.9 | 3.3 | 4.5 | 4.9 | 5 |
| Cash Flow from Ops. ⓘ | 7 | 6.6 | 5.8 | 15.1 | - |
| Debt/CF from Ops. ⓘ | 7.5 | 9.5 | 17.9 | 6 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 16.1% | 16.2% | ||||
| Adj EPS ⓘ | NA | NA | 19.5% | 9.1% | ||||
| BVPSⓘ | NA | NA | 9.8% | 10.7% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|
| Return on Equity % ⓘ | 7.3 | 8 | 10 | 9.9 | 8.1 |
| Op. Profit Mgn % ⓘ | 11.5 | 10.9 | 11.3 | 10.5 | NAN |
| Net Profit Mgn % ⓘ | 2.6 | 2.4 | 3 | 2.8 | 2.9 |
| Debt to Equity ⓘ | 1.3 | 1.5 | 2.2 | 1.7 | - |
| Working Cap Days ⓘ | 0 | 208 | 208 | 203 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 132 | 135 | 132 | 0 |
Sales growth is growing at healthy rate in last 3 years 16.08%
Net Profit is growing at healthy rate in last 3 years 19.47%
Debt to equity has declined versus last 3 years average to 1.73
Return on Equity has declined versus last 3 years average to 8.10%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 4.7 | - |
| TTM Sales (₹ Cr.) | 176 | - |
| BVPS (₹.) ⓘ | 62.5 | - |
| Reserves (₹ Cr.) ⓘ | 57 | - |
| P/BV ⓘ | 1.55 | - |
| PE ⓘ | 20.61 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 104 |
| Equity (₹ Cr.) | 10.8 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 35.2 |
| Pledged * | 0.00 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|
| Sales | 113 | 135 | 152 | 176 |
| Operating Expenses ⓘ | 100 | 121 | 135 | 158 |
| Manufacturing Costs | 30 | 33 | 34 | 40 |
| Material Costs | 57 | 75 | 86 | 98 |
| Employee Cost | 8 | 7 | 9 | 13 |
| Other Costs ⓘ | 5 | 5 | 5 | 7 |
| Operating Profit ⓘ | 13 | 15 | 17 | 19 |
| Operating Profit Margin (%) | 11.5% | 10.9% | 11.3% | 10.5% |
| Other Income ⓘ | 1 | 0 | 1 | 3 |
| Interest ⓘ | 6 | 6 | 7 | 9 |
| Depreciation ⓘ | 4 | 4 | 5 | 6 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 4 | 5 | 6 | 7 |
| Tax ⓘ | 1 | 1 | 2 | 2 |
| Profit After Tax | 3 | 3 | 5 | 5 |
| PAT Margin (%) | 2.6% | 2.4% | 3.0% | 2.9% |
| Adjusted EPS (₹) | 3.1 | 3.4 | 4.6 | 5.2 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 40 | 43 | 47 | 52 | ||||||
| Share Capital ⓘ | 10 | 10 | 10 | 10 | ||||||
| Reserves ⓘ | 30 | 33 | 37 | 43 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | ||||||
| Debt | 50 | 56 | 81 | 81 | ||||||
| Long Term Debt | 13 | 20 | 27 | 31 | ||||||
| Short Term Debt | 38 | 36 | 53 | 50 | ||||||
| Trade Payables | 24 | 18 | 23 | 23 | ||||||
| Others Liabilities ⓘ | 12 | 17 | 33 | 23 | ||||||
| Total Liabilities ⓘ | 125 | 134 | 184 | 180 | ||||||
Fixed Assets | ||||||||||
| Gross Block | 67 | 78 | 91 | 107 | ||||||
| Accumulated Depreciation | 20 | 24 | 28 | 34 | ||||||
| Net Fixed Assetsⓘ | 48 | 54 | 63 | 73 | ||||||
| CWIP ⓘ | 0 | 1 | 1 | 4 | ||||||
| Investmentsⓘ | 0 | 0 | 0 | 0 | ||||||
| Inventories | 49 | 52 | 51 | 65 | ||||||
| Trade Receivables | 21 | 21 | 34 | 29 | ||||||
| Cash Equivalents | 1 | 1 | 26 | 1 | ||||||
| Others Assetsⓘ | 5 | 5 | 10 | 8 | ||||||
| Total Assets ⓘ | 125 | 134 | 184 | 180 | ||||||
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 7 | 7 | 6 | 15 |
| PBT ⓘ | 4 | 5 | 6 | 7 |
| Adjustment ⓘ | 9 | 10 | 11 | 14 |
| Changes in Working Capital ⓘ | -5 | -8 | -11 | -5 |
| Tax Paid ⓘ | -1 | -1 | -1 | -1 |
| Cash Flow From Investing Activity ⓘ | -6 | -10 | -14 | -19 |
| Capex | -6 | -10 | -14 | -16 |
| Net Investments | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | -3 |
| Cash Flow From Financing Activityⓘ | -1 | 4 | 33 | -21 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 2 | 11 | 8 | 3 |
| Interest Paid ⓘ | -6 | -6 | -7 | -9 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 |
| Others ⓘ | 3 | -1 | 32 | -16 |
| Net Cash Flow ⓘ | 0 | 0 | 25 | -25 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 7.54 | 8.03 | 10.04 | 10.17 | ||||||
| ROCE (%) | 10.99 | 11.29 | 10.16 | 10.73 | ||||||
| Asset Turnover Ratio | 0.9 | 1.05 | 0.96 | 0.97 | ||||||
| PAT to CFO Conversion(x) | 2.33 | 2.33 | 1.2 | 3 | Working Capital Days | |||||
| Receivable Days | 69 | 58 | 66 | 65 | ||||||
| Inventory Days | 159 | 136 | 124 | 120 | ||||||
| Payable Days | 151 | 101 | 87 | 86 | ||||||
Sharp Chucks and Machines was originally incorporated in Jalandhar, Punjab as ‘Sharp Garden Implements Private Limited’, a private company under the Companies Act, 1956, pursuant to a certificate of incorporation dated June 10, 1994 issued by the Registrar of Companies, Punjab, H.P & Chandigarh. Subsequently, the name of the company was changed to ‘Sharp Chucks and Machines Private Limited’ a certificate of incorporation pursuant to change of name dated October 09, 1995 was issued by Registrar of Companies, Punjab, H.P & Chandigarh. Further, the company was converted from a private limited company to a public limited company and consequently, the name of the company was changed to ‘Sharp Chucks and Machines Limited’, and a fresh certificate of incorporation dated August 12, 2004 was issued by the Registrar of Companies, Punjab, H.P & Chandigarh to the company. Thereafter, the company was again, converted from a public limited company into a private limited company and consequently, the name of the company was changed to ‘Sharp Chucks and Machines Private Limited’, and a fresh certificate of incorporation dated February 27, 2014 was issued by the Registrar of Companies, Punjab and Chandigarh to the company. Subsequently, the company was again converted from a private limited company into a public limited company, pursuant to a special resolution passed by the shareholders at the extraordinary general meeting dated December 07, 2022 and consequently, the name of the company was changed to ‘Sharp Chucks and Machines Limited’, and a fresh certificate of incorporation was granted by the Registrar of Companies, Chandigarh dated December 20, 2022.
The company is engaged in the manufacturing of forging and graded casting machined components of tractors and other automobiles, and are also engaged in power chucks, lathe chucks, drill chucks, and other machine tools accessories it supplies to automobile industries in India and OEMs industries. Its manufactured products have diverse applications for tractor, automobiles, material handling & earth moving equipment, railways, defense, machine tools, DIY industry, etc. It also manufactures customized components as per customer specific requirements and use, with high degree of precision both in quality and time with personalized services to its strong customer base in India and overseas.
The company has necessary instruments for checking the quality of its raw materials and finished goods for measuring the sizes and shapes in order to match the standards based on the standardized dimensions as well as customer specifications. If the raw materials purchased through the purchase orders fail to confirm to the required standards for manufacturing its products, the same are liable to be rejected and are returned to the suppliers/vendors. The finished products are also tested in-house to ensure that the same is of relevant standards and design as specified by the customer; the products are then packed and dispatched to the end users or customers.
Business area of the company
The company is engaged in the manufacturing of lathe chucks, power chucks, drill chucks, machine tool accessories and auto parts which find applications in varied industries (viz. automotive industries, material handling & earth moving equipment industry, sugar plants, cement plants and tractor industry).
Products of the company
Lathe / Power / Drill Chucks/ Machine Tools
Casting Products
Forging
Awards, achievements & accolades
History and milestones
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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