Sanghvi Forging & Engineering Ltd - Stock Valuation and Financial Performance

BSE: 533411 | NSE: SANGHVIFOR | Forgings | Small Cap

Sanghvi Forging&Engg Share Price

16.50 0.00 0.00%
as on 30-Apr'21 18:03

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Sanghvi Forging & Engineering stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
24.6 Cr.
52-wk low:
16.5
52-wk high:
16.6

Is an attractive stock to invest in?

1. Is a good quality company?

Data is not available for this company.

2. Is undervalued or overvalued?

The key valuation ratios of Sanghvi Forging & Engineering Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

3. Is a good buy now?

No data found

10 Year X-Ray of Sanghvi Forging&Engg:

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.

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -1%2.1%0.7%-6.8%-9%-9.6%-3.8%-24.3%32.7%22.4%-
Value Creation
Index
-1.1-0.9-1.0-1.5NANANANA1.30.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 53.887.168.455.454.761.259.655.462.899.750
Sales YoY Gr.-61.9%-21.6%-18.9%-1.3%11.8%-2.7%-6.9%13.3%58.7%-
Adj EPS -5.9-5.7-6.8-15.1-15.7-13.4-3.6-16.62.71.8-10.2
YoY Gr.-NANANANANANANANA-33.7%-
BVPS (₹) 41.635.629.514.4-1.2-14.6-18.2-34.678.8-23.4
Adj Net
Profit
-7.9-7.9-10.2-22.6-23.4-19.9-5.4-24.724.115.9-15
Cash Flow from Ops. 11.4-38.820.515.434.926.4-58.18.4-11.96.8-
Debt/CF from Ops. 6.4-3.46.28.23.23.7-2.516.200-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 7.1%12.8%18.7%58.7%
Adj EPS NANANA-33.7%
BVPS-15.8%NANA26.2%
Share Price -1.8% -7.2% -4.6% -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-13.5-14.8-21.5-68.9-237.5169.522.262.8422.322.4139.3
Op. Profit
Mgn %
11.518.520.15.32.96.78.7-31.3-13.311.3-12.6
Net Profit
Mgn %
-14.6-9-14.9-40.7-42.8-32.5-9.1-44.638.316-30.5
Debt to
Equity
1.32.62.95.9-63.7-4.5-5.3-2.600-
Working Cap
Days
212165235271306282302247183159219
Cash Conv.
Cycle
1046193116131108104632144-546

Recent Performance Summary

No data to display

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

Sales growth has been subdued in last 3 years %

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

Latest Financials - Sanghvi Forging & Engineering Ltd.

Standalone Consolidated
TTM EPS (₹) -10.2 -10.2
TTM Sales (₹ Cr.) 49.6 49
BVPS (₹.) -23.4 -24.1
Reserves (₹ Cr.) -50 -51
P/BV -0.70 -0.69
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 16.50 / 16.55
All Time Low / High (₹) 13.70 / 144.90
Market Cap (₹ Cr.) 24.6
Equity (₹ Cr.) 14.9
Face Value (₹) 10
Industry PE 39.2

Management X-Ray of Sanghvi Forging&Engg:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *53.3953.3853.3863.2963.2963.2763.2763.2763.2059.15
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Sanghvi Forging&Engg

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
Sales53.8287.1368.3555.4254.7161.1859.5655.4362.7999.67
Operating Expenses 47.6471.1254.6452.4853.1057.1854.3672.7771.1388.43
Manufacturing Costs10.0515.0412.829.6111.2614.7013.8911.8119.2223.99
Material Costs27.7142.8129.3330.2429.8831.6929.0741.5028.7645.99
Employee Cost 3.764.996.396.406.665.986.466.126.537.05
Other Costs 6.118.286.106.235.314.804.9413.3416.6211.39
Operating Profit 6.1816.0113.722.931.6145.20-17.34-8.3311.25
Operating Profit Margin (%) 11.5%18.4%20.1%5.3%2.9%6.5%8.7%-31.3%-13.3%11.3%
Other Income 0.440.240.950.131.020.360.641.310.358.49
Interest 9.4115.8516.1816.6116.9015.722.490.2000
Depreciation 7.158.358.428.988.838.598.528.424.643.39
Exceptional Items 0000000037.670
Profit Before Tax -9.94-7.95-9.94-22.52-23.10-19.95-5.16-24.6525.0416.34
Tax -2.1600.05000000.870.02
Profit After Tax -7.78-7.95-9.99-22.52-23.10-19.95-5.16-24.6524.1716.33
PAT Margin (%) -14.5%-9.1%-14.6%-40.6%-42.2%-32.6%-8.7%-44.5%38.5%16.4%
Adjusted EPS (₹)-5.9-5.7-6.7-15.1-15.5-13.4-3.5-16.62.71.8
Dividend Payout Ratio (%)0%0%0%0%0%0%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 55.2849.4843.9921.49-1.76-21.69-27.10-51.5662.9579.43
Share Capital 13.2913.8914.8914.8914.8914.8914.8914.8990.0590.05
Reserves 41.9835.5929.106.59-16.66-36.59-42-66.45-27.10-10.62
Minority Interest0000000000
Debt69.07121.08114.51114.1495.6184.19144.7151.2500
Long Term Debt40.7294.0987.9478.8157.1644.8219.6611.9400
Short Term Debt28.3526.9926.5735.3338.4539.37125.0539.3100
Trade Payables13.1018.2116.7219.6824.3822.5616.9922.4222.2121.95
Others Liabilities 63.2425.9924.9440.3670.1696.1643.81123.716.736.03
Total Liabilities 200.69214.75200.17195.67188.38181.22178.41145.8291.89107.41

Fixed Assets

Gross Block170.05171.55185.62156.95157.84158.87159.54159.73160.03161.17
Accumulated Depreciation12.5120.9629.238.9817.8026.3934.9143.3347.98114.19
Net Fixed Assets157.54150.59156.39147.98140.04132.48124.63116.40112.0646.99
CWIP 7.7010.170.450.3600.020000
Investments 000000001.080.08
Inventories15.2819.8121.9620.5322.5221.3719.169.1016.5316.07
Trade Receivables11.7525.6914.1020.9919.4319.6314.749.1218.2829.56
Cash Equivalents 2.092.431.100.891.401.072.835.092.909.90
Others Assets6.346.076.184.9256.6517.056.11-58.954.81
Total Assets 200.69214.75200.17195.67188.38181.22178.41145.8291.89107.41

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 11.39-38.7820.5215.3734.9126.43-58.078.39-11.896.84
PBT -9.94-7.95-9.94-22.52-23.10-19.95-5.16-24.6525.0416.34
Adjustment 13.7220.0922.6223.8424.8122.898.548.60-29.611.32
Changes in Working Capital 7.64-50.927.8914.0433.2123.49-61.4524.58-7.22-10.42
Tax Paid -0.030-0.050000-0.14-0.10-0.41
Cash Flow From Investing Activity -18.18-4.08-3.02-0.18-0.94-0.25-0.99-0.071.470.41
Capex -19.16-3.97-4.50-0.57-1.01-1.03-0.67-0.19-0.30-0.99
Net Investments 001.320.2200.61-0.480.121.771.25
Others 0.98-0.110.150.160.070.170.16000.14
Cash Flow From Financing Activity 6.8542.89-17.54-15.17-33.85-25.9060.34-9.0111.080
Net Proceeds from Shares 2.812.813.380000090.050
Net Proceeds from Borrowing 0000000000
Interest Paid -6.87-11.94-14.35-14.79-15.98-14.48-0.18-0.2000
Dividend Paid 0000000000
Others 10.9152.02-6.57-0.37-17.87-11.4260.52-8.81-78.970
Net Cash Flow 0.070.03-0.040.020.130.291.28-0.690.667.25
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-13.41-15.17-21.37-68.78N/AN/AN/AN/A424.3722.94
ROCE (%)-0.425.13.55-3.7N/AN/AN/AN/A3422.96
Asset Turnover Ratio0.290.450.350.30.290.330.330.340.531.03
PAT to CFO Conversion(x)N/AN/AN/AN/AN/AN/AN/AN/A-0.490.42
Working Capital Days
Receivable Days7173100107133117105788085
Inventory Days9568105130141131124937458
Payable Days112133217220269270248173283175

Sanghvi Forging & Engineering Ltd Stock News

Sanghvi Forging & Engineering Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Sanghvi Forging&Engg on 30-Apr-2021 18:03 is ₹16.50.
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 30-Apr-2021 18:03 the market cap of Sanghvi Forging&Engg stood at ₹24.57.
The latest P/E ratio of Sanghvi Forging&Engg as of 30-Apr-2021 18:03 is 0.00.
The latest P/B ratio of Sanghvi Forging&Engg as of 30-Apr-2021 18:03 is -0.70.
The 52-week high of Sanghvi Forging&Engg is ₹16.55 and the 52-week low is ₹16.50.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Sanghvi Forging&Engg is ₹49.60 ( Cr.) .

About Sanghvi Forging & Engineering Ltd

Sanghvi Forging and Engineering incorporated in 1989, is a manufacturer and exporter of forging products for the non-automotive sector. The company has an installed capacity of 3600 MTPA for manufacturing of forged flanges and precision machined components (with single piece forging up to 4 MT) in the area of open and closed die forgings. The company manufactures forged flanges, forgings and machined components for various industries like oil & gas, fertilizers, power, desalination & water treatment, ship building, defence, fabrication of process equipments, instrumentation etc. It is also capable of manufacturing both standardized as well as customized products.

The company’s existing manufacturing plant consists of forging shop, die shop, heat treatment shop, conventional and CNC machining shop backed by related quality assurance equipments. Presently, it is using steam hammer technology for the open die forging and can produce single forged piece upto 4 MT. The key factor in its forging business is the vendor/consultant approval, given the critical end use of the product. It has, in the last few years, been successful in obtaining various such approvals in both the domestic and international markets. It shares a good client relationship worldwide where it receive majority of the business from repeat clients.

The company’s products have been inspected and accepted by third party inspection agencies like Lloyds (LRIS), BVIS, SGS, TOYO, PDIL, DNV, ABS, TICB, UHDE India, DAE, NPCIL, etc. The quality of its products has been certified to be satisfactory in third party inspections. The company has also established market for its products overseas. It regularly exports various countries mainly to Europe, Middle East and Canada.

Product of the company

  • Open Die Forgings
  • Forged Flanges
  • Closed Die Forgings
  • Machined Components
  • Heavy Forging

Milestones

  • 1992: Set-up the existing factory at 244/6-7 GIDC Industrial Estate, Waghodia District, Vadodara with an installed capacity of 300 MTPA for close die forgings
  • 1996: Obtained its first major approval from the Technical Development Committee of India
  • 2002: Obtained Canadian Registration Number (CRN) for 13 provinces of Canada enabling us to market the products in Canada
  • 2003: Selected by Center for Promotion of Imports from Developing Countries, Netherlands, to promote the products in European Union
  • 2005: Approved by SHELL to supply materials for various projects in India
  • 2005: Enhancement of closed die forging installed capacity upto 1200 MTPA
  • 2006: Establishment of new open die forging plant with an installed capacity of an installed capacity of 2400 MTPA
  • 2006: Allotted land at Waghodia Industrial Estate, near existing factory land for New Project
  • 2008: Implementation of SAP-Enterprise resource planning
  • 2009: Obtained approval from GE, PDIL and EIL
  • 2009: Obtained approval from Kuwait National Petroleum Corporation (KNPC), Mazgaon Dock and IBR
  • 2010: Placed firm order for import of forging press and manipulator for New Project
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