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Smiths & Founders (India) Ltd (513418)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 513418 NSE: Forgings | Small Cap | Smiths & Founders Share Price

₹5.68 0.27 (4.99%)

As on 04-Jun'26 16:59

Smiths & Founders (India) Ltd (513418)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 513418 NSE: Forgings | Small Cap | Smiths & Founders Share Price

₹5.68 0.27 (4.99%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹58 Cr.
Current Price
₹5.7
52-Week Low / High
₹4 / 7
TTM EPS
₹0.1
TTM Sales
₹14 Cr.
Book Value per Share
₹0.6
P/E Ratio
42.50
Lower than its 5-year historical median
Industry PE
81.9
Price to Book (P/B)
9.39
Lower than its 5-year historical median
Price to Sales (P/S)
4.14
Lower than its 5-year historical median
EV/EBITDA
47.13
Higher than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
24.45%
Outperforms industry median
Return on Capital Employed (ROCE)
27.52%
Outperforms industry median
Return on Assets (ROA)
4.63%
Operating Profit Margin
13%
Net Profit Margin
7.92%
Gross Profit Margin
12.6%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
13.38%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
66.99%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
66.67%
Asset Quality
Promoter Holding
28.69%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹-4 Cr.
Equity
₹10.2 Cr.
Face Value
₹1
All Time Low / High
₹0.01 / 21.33

Smiths & Founders (India) stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Smiths & Founders (India) Ltd a good quality company?
Smiths & Founders (India) Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Smiths & Founders (India) Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Smiths & Founders (India) Ltd vs industry peers?
Smiths & Founders (India) Ltd revenue CAGR is 10.35%, compared to the industry median CAGR of 10.29%, indicating stable growth and maintaining its market share.
Q.1 Promoter shareholding and pledge status of Smiths & Founders (India) Ltd?
Promoters hold 28.69% of the Smiths & Founders (India) Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Smiths & Founders (India) Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -2.7% based on the current price.

10 Year X-Ray :

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.
Smiths & Founders (India) Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % -4.4%-0.6%2.4%-11.7%-11.9%18.9%30.2%9.6%14.7%27.5%-
Value Creation
Index
-1.3-1.0-0.8-1.8-1.90.41.2-0.30.11.0-

Growth Parameters

Sales 7.87.58.810.28.18.81110.511.713.214
Sales YoY Gr.--3.6%17.1%15.1%-20.5%9.2%25.1%-5.2%11.5%13.4%-
Adj EPS -0.2-0.1-0-0.1-0.100.100.10.10.1
YoY Gr.-NANANANANA225%-84.6%200%66.7%-
BVPS (₹) 0.30.50.50.20.10.10.30.30.40.50.6
Adj Net
Profit
-2.1-0.7-0.1-1.1-1.10.41.30.20.611
Cash Flow from Ops. 0.3-1.8-0.2-0.3-0.4-02.30.41.22-
Debt/CF from Ops. 6.1-1.3-12.4-14.5-11.7-129.21.27.71.90.2-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 6%10.4%6.2%13.4%
Adj EPS NANA-8.4%66.7%
BVPS4.4%42.5%18.8%27%
Share Price -3.8% 51.2% 19.2% -2.6%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-22.7-12.5-1.6-23.7-3112.230.52.13.15.224.3
Op. Profit
Mgn %
-11.7-6.24.9-5-4.610.416.17.58.8138.4
Net Profit
Mgn %
-27-9.1-0.9-10.5-13.24.511.72.34.97.79.5
Debt to
Equity
0.60.40.42.16.13.210.90.60.10
Working Cap
Days
10910111311213614311912712710360
Cash Conv.
Cycle
435180831101201041121139241

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales7.827.548.8310.168.088.8211.0310.4611.6613.22
Operating Expenses + 8.738.038.4010.678.457.909.269.6710.6311.49
Manufacturing Costs1.922.062.243.041.991.832.181.982.022.19
Material Costs3.382.832.964.173.363.353.974.415.285.89
Employee Cost 1.801.741.952.162.221.992.432.552.562.61
Other Costs 1.631.401.251.300.870.730.670.730.780.79
Operating Profit -0.91-0.490.43-0.51-0.370.921.770.791.031.72
Operating Profit Margin (%) -11.7%-6.5%4.9%-5.0%-4.5%10.4%16.1%7.5%8.8%13.0%
Other Income + 0.860.700.010.050.030.440.270.010.110.08
Exceptional Items 0000000000
Interest 0.980.190.260.290.400.430.350.320.260.13
Depreciation 0.350.240.260.290.320.250.240.240.240.25
Profit Before Tax -1.38-0.23-0.08-1.05-1.060.681.450.240.631.42
Tax 0.14000000000.37
Profit After Tax -1.52-0.23-0.08-1.05-1.060.681.450.240.631.05
PAT Margin (%) -19.4%-3.1%-0.9%-10.3%-13.2%7.7%13.1%2.3%5.4%7.9%
Adjusted EPS (₹)-0.2-0.0-0.0-0.1-0.10.10.10.00.10.1
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Smiths & Founders - Standalone

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 5.815.165.083.972.923.554.9118.2718.9419.88
Share Capital 10.2010.2010.2010.2010.2010.2010.2010.2010.2010.20
Reserves -4.39-5.04-5.12-6.23-7.28-6.65-5.298.078.749.68
Debt +1.772.1523.604.504.492.602.912.250.41
Long Term Debt0.810.691.391.192.632.722.602.051.660
Short Term Debt0.951.460.612.411.881.7700.860.580.41
Minority Interest0000000000
Trade Payables1.380.270.790.170.200.110.110.160.090.05
Others Liabilities 0.980.981.411.661.601.581.471.481.661.95
Total Liabilities 9.958.559.289.409.229.729.0822.8122.9422.30

Fixed Assets

Net Fixed Assets +7.295.855.876.286.175.815.6718.7618.8518.85
Gross Block12.1910.7010.9911.5711.7310.8810.9624.2824.1524.41
Accumulated Depreciation4.904.855.125.295.565.075.285.535.305.56
CWIP 0.0500.030.06000000
Investments 0000000000
Inventories0.981.021.961.661.681.872.362.581.961.37
Trade Receivables0.981.140.990.940.991.630.641.161.801.68
Cash Equivalents 0.290.340.130.060.010.010.080.040.020.03
Others Assets 0.360.210.290.390.380.390.330.280.310.37
Total Assets 9.958.559.289.409.229.729.0822.8122.9422.30

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 0.31-1.80-0.18-0.27-0.40-0.042.280.381.172.04
PBT -1.38-0.23-0.08-1.05-1.060.681.450.240.621.36
Adjustment 0.48-0.220.500.550.710.260.310.560.490.32
Changes in Working Capital 1.28-1.28-0.590.28-0.05-0.980.52-0.420.050.52
Tax Paid -0.07-0.070000000-0.16
Cash Flow From Investing Activity + 7.051.64-0.34-0.75-0.160.470.08-0.21-0.27-0.24
Capex 7.041.47-0.31-0.73-0.150.440.07-0.22-0.30-0.26
Net Investments 00.15-0.03-0.03000000
Others 0.010.010.010.01-0.020.020.010.010.040.02
Cash Flow From Financing Activity + -7.080.22-0.30-0.410.60-0.33-0.51-0.22-0.92-1.79
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -0.96-0.19-0.24-0.28-0.39-0.42-0.34-0.31-0.26-0.13
Dividend Paid 0000000000
Others -6.120.40-0.06-0.130.990.09-0.160.10-0.67-1.66
Net Cash Flow 0.280.05-0.81-1.430.030.101.85-0.05-0.020.01

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)-37.99-5.5-1.6-30.43-81.9960.6666.488.0718.2624.45
ROCE (%)-4.44-0.622.41-11.65-11.918.9230.189.5714.727.52
Asset Turnover Ratio0.540.911.021.090.870.941.170.660.510.58
PAT to CFO Conversion(x)N/AN/AN/AN/AN/A-0.061.571.581.861.94
Working Capital Days
Receivable Days42.7045.8042.9034.5043.3053.9037.6031.1046.2048
Inventory Days50.1043.2060.106575.4073.107085.5071.1045.90
Payable Days119.50106.4065.1041.902016.709.8010.808.604.50

Management X-Ray

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Smiths & Founders (India) Ltd FAQs

The current trading price of Smiths & Founders on 04-Jun-2026 16:59 is ₹5.68.

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 03-Jun-2026 the market cap of Smiths & Founders stood at ₹57.93 Cr

The latest P/E ratio of Smiths & Founders as of 03-Jun-2026 is 42.50.

The latest P/B ratio of Smiths & Founders as of 03-Jun-2026 is 9.39.

The 52-week high of Smiths & Founders is ₹7.39 and the 52-week low is ₹3.80.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Smiths & Founders is ₹13.98 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Smiths & Founders (India) Ltd is a average quality company.

The key valuation ratios of Smiths & Founders (India) Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Smiths & Founders (India) Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Smiths & Founders (India) Ltd

Shimoga Technologies Limited, established in 1982, is a Listed Public Limited Company.  The shares of the company are listed on the Bombay Stock Exchange.  The registered office of the company is located at Bangalore.  The company is having two manufacturing units. Unit-I at Shimoga and unit-II at Tiptur. Unit-I  is a well, equipped forging Unit while the  Unit-II   is an expansion project for enhancing its capacity.

The company is engaged in manufacturing small, precision and intricate steel forgings.The quality system procedures of the company confirms to ISO -9002 standards.

The company has exposure to automobile, agriculture, mining, power transmission and general engineering industries.the company has plans to expand its exposure to other industries such as railways, textile, chemical, cement and steel both on original equipment manufacturers end as well as replacement market end.

The company has been exporting its products and the quality system procedures of the company confirms to international standards.

The company has, well established customer  clientele. Presently market leaders like, Telco, Leyland, Widia, Rane-Madras, etc are mainly consuming its products.The current market trend is to buy fully finished products so as to directly use them in the assembly lines.Keeping in view the changing market scenerio the company proposes to establish in house machining facility and supply fully finished components to the customers.

Shimoga Technologies is fully equipped to manufacture good quality steel forgings. A well planned inward store to receive and stock all the raw materials and consumables, a well equipped laboratory to test the incoming materials, two billet shearing presses, a battery of power hacksaws, a well equipped forge shop with three drop hammers of 500 kg, 750 kg and 1000 kg capacity, three trimming presses of 100 tonnes and 150 tonnes capacity, three coining presses of 200 tonnes and 300 tonnes capacity, a state-of-the-art heat treatment shop with three heat treatment furnaces, a modern tool room equipped with lathes, drilling machines, shaper, electric discharge machine, engraving machine and pneumatic grinders, a well equipped  fettling and shot blasting section consisting of a battery of bench grinders and flexible shaft grinders and three shot blasting machines, a vigilent  inspection and quality assurance wing equipped with precision instruments and gauges to ensure product quality,  a computerised  drawing and design section, an automated office section are all in place to ensure customer service of established  standards.

Product range of the company includes:

  • The company is engaged in manufacturing small, precision and intricate steel forgings used in following areas of application:
  • Automotive – Rocker Arms, Connecting Rods, Tie Rod Ends, Yokes, Spider, Clutch Hub, Clutch Release Levers.
  • Hydraulic – Valve Bodies, Rod Eye ends, Elbows and Ports.
  • Engineering – Gear Blanks, Wheel dressers, High tensile Insulator Pins, Insulator Hooks.
  • Agricultural Implements – Rotary Tynes (Wet and Dry), Rotovator Shovels, Cultvator Blades. 
  • Mining Tools – Coal Augurs, Rotary Drill Bits, Mining Picks.

Achievements/ recognition:

  • An ISO 9001:2000 certified company
  • TS 16949:2002 certification under process
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