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Smarten Power Systems Ltd (SMARTEN)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: SMARTEN Electric Equipment | Small Cap | Smarten Power System Share Price

BSE Share Price
Not Listed

Smarten Power Systems Ltd (SMARTEN)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: SMARTEN Electric Equipment | Small Cap | Smarten Power System Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹123 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹4.6
TTM Sales
₹243 Cr.
Book Value per Share
₹46.1
P/E Ratio
13.93
Higher than its 5-year historical median
Industry PE
53.2
Price to Book (P/B)
1.40
Lower than its 5-year historical median
Price to Sales (P/S)
0.50
Lower than its 5-year historical median
EV/EBITDA
9.98
Higher than its 5-year historical median
Dividend Yield
NAN%
Profitability Efficiency
Return on Equity (ROE)
39.72%
Outperforms industry median
Return on Capital Employed (ROCE)
41.04%
Outperforms industry median
Return on Assets (ROA)
14.49%
Operating Profit Margin
8.4%
Net Profit Margin
6.33%
Gross Profit Margin
8.7%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
-
0.33%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
24.87%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
13.11%
Asset Quality
Promoter Holding
67.10%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹69 Cr.
Equity
₹19 Cr.
Face Value
₹10
All Time Low / High
₹0.00 / 0.00

Smarten Power Systems stock performance

Key Ratios
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Check Before You Invest

Valuation

Fair

Price Trend

Strong
Q.1 Is Smarten Power Systems Ltd a good quality company?
Smarten Power Systems Ltd is a weak quality company, based on a inconsistent 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 Smarten Power Systems Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Smarten Power Systems Ltd vs industry peers?
Smarten Power Systems Ltd revenue CAGR is 7.18%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Smarten Power Systems Ltd?
Promoters hold 67.10% of the Smarten Power Systems Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Smarten Power Systems Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of -29.28% 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.
Smarten Power Systems Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation ⓘ

Mar'23Mar'24Mar'25TTM
ROCE % ⓘ38.6%63.7%39.3%-
Value Creation
Index ⓘ
1.83.61.8-

Growth Parameters ⓘ

Sales ⓘ170179180229
Sales YoY Gr.-5.2%0.3%-
Adj EPS ⓘ2.877.84.4
YoY Gr.-148.8%10.9%-
BVPS (₹) ⓘ9.416.524.445
Adj Net
Profit ⓘ
4.210.511.68
Cash Flow from Ops. ⓘ-2.80.2-2.5-
Debt/CF from Ops. ⓘ-1.545.4-6.6-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘNANANA0.3%
Adj EPS ⓘNANANA10.9%
BVPSⓘNANANA47.3%
Share Price - - - -29.3%

Key Financial Parameters ⓘ

Mar'23Mar'24Mar'25TTM
Return on
Equity % ⓘ
29.953.937.912.5
Op. Profit
Mgn % ⓘ
1.47.58.8NAN
Net Profit
Mgn % ⓘ
2.55.96.53.6
Debt to
Equity ⓘ
0.30.30.5-
Working Cap
Days ⓘ
01391520
Cash Conv.
Cycle ⓘ
039710

Valuation of Smarten Power System - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'22Mar'23Mar'24Mar'25
Sales164180195202
Operating Expenses ⓘ + 162178182185
Manufacturing Costs5655
Material Costs135144149154
Employee Cost 9121215
Other Costs ⓘ 13171611
Operating Profit ⓘ 221417
Operating Profit Margin (%) 1.0%1.0%6.9%8.4%
Other Income ⓘ + 5641
Exceptional Items ⓘ 0000
Interest ⓘ 0011
Depreciation ⓘ 0000
Profit Before Tax ⓘ 671617
Tax ⓘ 2254
Profit After Tax 451113
PAT Margin (%) 2.4%2.9%5.8%6.3%
Adjusted EPS (₹)11.13.47.58.5
Dividend Payout Ratio (%)0%0%0%0%
PARTICULARSMar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 9142639
Share Capital ⓘ 0.241115
Reserves ⓘ 8132524
Debt +24616
Long Term Debt1012
Short Term Debt14614
Minority Interest0000
Trade Payables43443227
Others Liabilities ⓘ 8141615
Total Liabilities ⓘ 62767997

Fixed Assets

Net Fixed Assets ⓘ +5555
Gross Block6677
Accumulated Depreciation1222
CWIP ⓘ 0015
Investments ⓘ 0000
Inventories21302334
Trade Receivables27324338
Cash Equivalents 3233
Others Assets ⓘ 76612
Total Assets ⓘ 62767997
PARTICULARSMar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity ⓘ + 3-30-3
PBT ⓘ 671617
Adjustment ⓘ 1111
Changes in Working Capital ⓘ -2-8-12-16
Tax Paid ⓘ -2-2-5-4
Cash Flow From Investing Activity ⓘ + -2-0-1-6
Capex -4-000
Net Investments 0000
Others ⓘ 20-1-6
Cash Flow From Financing Activity ⓘ + 1229
Net Proceeds from Shares ⓘ 0100
Net Proceeds from Borrowing ⓘ 1-111
Interest Paid ⓘ -0-0-1-1
Dividend Paid ⓘ 0000
Others ⓘ 0229
Net Cash Flow ⓘ 1-111
PARTICULARSMar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)46.644.7756.1139.72
ROCE (%)53.4551.4765.3941.04
Asset Turnover Ratio2.652.612.522.29
PAT to CFO Conversion(x)0.75-0.60-0.23
Working Capital Days
Receivable Days60.8060.4070.1073.20
Inventory Days45.7051.7049.7051.30
Payable Days116109.809269.60

Top 5 Mutual Funds Holding

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Announcements

Smarten Power Systems Ltd FAQs

The current trading price of Smarten Power System on 01-Jan-1970 05:30 is ₹0.00.

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 31-Dec-1969 the market cap of Smarten Power System stood at ₹122.6 Cr

The latest P/E ratio of Smarten Power System as of 31-Dec-1969 is 14.82.

The latest P/B ratio of Smarten Power System as of 31-Dec-1969 is 1.43.

The 52-week high of Smarten Power System is ₹0.00 and the 52-week low is ₹0.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Smarten Power System is ₹229 ( Cr.) .

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

The key valuation ratios of Smarten Power Systems 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 Smarten Power Systems Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Smarten Power Systems Ltd

Smarten Power Systems Limited was incorporated as ‘Smarten Power Systems Private Limited’ as a Private Limited Company pursuant to a certificate of incorporation dated July 30, 2014 issued by the Registrar of Companies, Haryana. Further, the company was converted into a public limited company pursuant to a resolution passed by its Board of Directors in its meeting held on October 24, 2024, and by the Shareholders in an extraordinary general meeting held on October 25, 2024 and consequently the name of the company was changed to ‘Smarten Power Systems Limited’ and a fresh certificate of incorporation dated November 20, 2024 was issued by the Registrar of Companies, Central Processing Centre.

The company is engaged into designing and assembling of power back-up and advanced solar power products such as home UPS systems, solar inverters, solar power conditioning units (PCUs), solar charge controllers. It is also engaged in the trading of solar panels and batteries. It sells its products through its distributors within India. It also exports its products except solar panels outside India. 

With a mission to propel society towards a sustainable energy future, the company is committed to leveraging cutting-edge technology and innovative designs to provide affordable, efficient, and environmentally friendly energy solutions. The company's slogan is, ‘Fusion is the Future’ reflects its vision of harnessing the power of renewable energy sources, especially solar power, to meet the growing energy demands of households and industries alike. The company aims to contribute significantly to the global shift towards renewable energy, particularly in developing regions where energy access is critical for economic development. As part of this vision, the company is committed to expanding its presence beyond India into global markets, focusing on Asia, Africa, and the Middle East.

Business area of the company

The company is engaged in the business of manufacturing and marketing of various range of products Home UPS/ Inverter/ Solar Power Conditioning Unit / Solar Charge Controller / Solar Inverter/ Solar Panels/ Batteries / Off-Grid Solution / Grid Tie Inverter and Customized Solar Solutions.

Products of the company

  • Home UPS systems
  • Solar inverters / Solar PCUs
  • Solar charge controllers
  • Solar panels

Awards and recognition

  • 2023: A Certificate of Recognition has been issued by the Directorate General of Foreign Trade, granting the company the status of a Two-Star Export House based on the provisions of the Foreign Trade Policy 2023 valid till March 31, 2028.
  • 2025: ESC National Export Excellence Award 2025 for outstanding export performance during the year 2023-2024.

History and milestones

  • 2014: Introduced the first product line: Home UPS Systems.
  • 2015: Expansion of its sales operation in Maharashtra and West Bengal.
  • 2016: Expanded into international markets, starting with exports to Nepal Launch of the Solar Charge Controller and Solar Inverters/Solar Power Conditioning Units Inauguration of 1st full-fledged assembling facility at its Registered Office.
  • 2017: Established in-house R&D team.
  • 2018: Expanded product range with Solar Panels.
  • 2020: Commissioning of 2nd assembling facility at Gurgaon, Haryana.
  • 2021: Expansion of its sales operations in Gujarat, Jammu & Kashmir and Telangana
  • 2021: Incorporation of fully owned subsidiary “Smart Store International Private Limited” for online presence
  • 2023: Built partnerships with over 327 distributors including 42 international distributors
  • 2024: Entered into an asset purchase agreement with Su-Urja Solar Systems Private Limited for the manufacturing of lead-acid battery 
  • 2024: Expansion of its sales operations in Bihar.

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