X

Starlite Components Ltd Stock Analysis

Small Cap
Evaluated by 57 users | BSE: 517548 | NSE: |
Electric Equipment
Starlite Components is a company incorporated in the state of Maharashtra on November 13, 1991. It received the certificate for commencement of business on March 18, 1992. The company proposes to manufacture 150 million pieces of GLS/FTL Filaments, 12 million pieces of Speciality Filaments and...

Analysis of Financial Track Record

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
 Jun'11Jun'12Jun'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed -18.74%-195.49%236.29%-2.12%82.22%36.42%21.9%13.99%24.6%-486.51%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 31.130.737.818.327.142.857.57762.114.8
Y-o-Y Gr. Rt.--1.3%23.1%-51.6%48.1%58.2%34.2%33.9%-19.3%-76.3%
Adjusted EPS (Rs.) -1.95-5.22-6.22-0.30.371.141.050.61.12-8.64
Y-o-Y Gr. Rt.-NANANANA208.1%-7.9%-42.9%86.7%-871.4%
Book Value per Share (Rs.) -3.65-8.86-14.94-29.5-6.731.893.083.674.26-4.75
Adjusted Net Profit -1.7-4.4-5.2-0.20.31.91.811.9-14.8
Net Op. Cash Flow (Rs. Cr.) 12.3-0.81.1-1.6-1.5-2.315.6-3.7-3.1
Debt to Cash Flow from Ops 0.42-9.848.05-6.81-5.29-2.164.870.26-0.52-1.6
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Starlite Components Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -7.9%-11.4%-36.4%-76.3%
Adjusted EPS NA-287.8%-301.9%-871.4%
Book Value per Share 00-215.5-211.5
Share Price -5% -44.2% -64.2% -8.8%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Jun'11Jun'12Jun'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 24.1983.452.261.04-4.9-381.842.1717.6228.173562.74
Operating Profit Margin (%) -6.67-6.12-7.67-4.645.028.645.472.65.08-155.4
Net Profit Margin (%) -5.29-14.32-13.88-0.831.224.543.121.323.08-100.15
Debt to Equity -1.69-1.05-0.71-0.73-1.331.520.930.230.27-0.6
Working Capital Days 124170184659393304290350402605
Cash Conversion Cycle 53473080146179162135111370
Entity Percentage Holding
Promoters 51.67%
Institutions 0.02%
Non-Institutions 48.31%
Pledged *22.6422.6422.6422.6422.6422.6422.6422.6422.6422.64
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Starlite Components Ltd's performance infers:

Starlite Components Ltd earnings have declined by -287.8%, whereas share price has depreciated -44.2% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

Data is not available for this company

Starlite Components is a company incorporated in the state of Maharashtra on November 13, 1991. It received the certificate for commencement of business on March 18, 1992. The company proposes to manufacture 150 million pieces of GLS/FTL Filaments, 12 million pieces of Speciality Filaments and 90 million pieces of GLS/FTL Caps bases.

The Starlite Group has been the source for lighting components to most of the lighting majors. The newest venture Starlite Lighting Limited (SLL) has a

Starlite Components is a company incorporated in the state of Maharashtra on November 13, 1991. It received the certificate for commencement of business on March 18, 1992. The company proposes to manufacture 150 million pieces of GLS/FTL Filaments, 12 million pieces of Speciality Filaments and 90 million pieces of GLS/FTL Caps bases.

The Starlite Group has been the source for lighting components to most of the lighting majors. The newest venture Starlite Lighting Limited (SLL) has a current outlay of $5 million. The main plant of SLL in Nashik has the location advantage of being just 182 km away from Mumbai -- the commercial capital of India and one of the biggest ports. Starlite Lighting Limited and other associate group companies are capable to cater to the needs of major inputs. Apart from a well-developed domestic market, the company has targeted global presence in the US, Europe & Middle East.

The company has taken over current assets and running business from Filaments and Filaments with effect from April 1, 1992 vide Memorandum of Understanding dated September 24, 1992 entered into with Filaments and Filaments. The company has also vide rental agreement dated May 25, 1993 entered with Starlite Lamp Components Private Limited has taken on rent land and building and plant and machineries and has agreed to takeover all these assets by amalgamating the Starlite Lamp Components Private Limited with the company, in due course of time. On completion of amalgamation formalities with the respective high courts takeover process shall be completed. The cost of acquisition has been considered in the total cost of the project. The unit taken over by the company had not faced any labour problems/ litigation/ defaults etc. There was no closure of business due to any labour problem etc. in the unit taken over by the company.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

Callback