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Starlite Components Ltd (517548)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 517548 NSE: Electric Equipment | Small Cap | Starlite Components Share Price

₹3.64 0.00 (0.00%)

As on 06-Sep'24 16:01

Starlite Components Ltd (517548)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 517548 NSE: Electric Equipment | Small Cap | Starlite Components Share Price

₹3.64 0.00 (0.00%)

As on 06-Sep'24 16:01

Key Metrics
Valuation Multiples
Market Cap
₹6 Cr.
Current Price
₹3.6
52-Week Low / High
₹4 / 4
TTM EPS
₹7.2
TTM Sales
₹5.1 Cr.
Book Value per Share
₹0.8
P/E Ratio
0.50
In line with its 3-year historical median
Industry PE
55.8
Price to Book (P/B)
4.42
Higher than its 5-year historical median
Price to Sales (P/S)
1.22
Lower than its 5-year historical median
EV/EBITDA
3.03
In line with its 3-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
0.00%
Underperforms industry median
Return on Capital Employed (ROCE)
-4.16%
Underperforms industry median
Return on Assets (ROA)
-2.26%
Operating Profit Margin
-0.8%
Net Profit Margin
-1.18%
Gross Profit Margin
-0.6%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
51.76%
Operating Profit Growth (1 Year)
-
-106.25%
Net Profit Growth (1 Year)
-
-100.58%
Asset Quality
Promoter Holding
70.00%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹-16 Cr.
Equity
₹17.1 Cr.
Face Value
₹10
All Time Low / High
₹0.44 / 70.00

Starlite Components stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Starlite Components Ltd a good quality company?
Starlite Components 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 Starlite Components Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Starlite Components Ltd vs industry peers?
Starlite Components Ltd revenue CAGR is -20.29%, compared to the industry median CAGR of 13.01%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Starlite Components Ltd?
Promoters hold 70.00% of the Starlite Components Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Starlite Components Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -21.7% based on the current price.

10 Year X-Ray : Login to view analysis.

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.
Starlite Components 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 % 36.1%36.1%20.6%15.4%-505.3%0%0%0%0%-4.2%-
Value Creation
Index
1.61.60.50.1NANANANANANA-

Growth Parameters

Sales 42.857.57762.114.81.92.12.13.14.85
Sales YoY Gr.-34.2%33.9%-19.3%-76.3%-87.5%10.8%4.4%46.3%51.8%-
Adj EPS 1.11.10.61.1-8.6-0.7-0.5-0.41.9-07.2
YoY Gr.--7.9%-42.9%86.7%-871.4%NANANANA-101.6%-
BVPS (₹) 1.93.13.74.3-4.7-5.5-5.9-6.3-0.2-0.30.8
Adj Net
Profit
1.91.811.9-14.8-1.2-0.8-0.73.3-0.112
Cash Flow from Ops. -2.315.6-3.7-3.10.1-00.2-0.2-0-
Debt/CF from Ops. -2.24.90.3-0.5-1.638.5-233.424.2-7.9-59.5-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -21.7%-20.3%32.3%51.8%
Adj EPS -166.8%NANA-101.6%
BVPS-180.2%NANANA
Share Price -22% 6.1% 13% -

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-381.842.217.628.23563.213.986.2-5913.52575
Op. Profit
Mgn %
8.65.52.65.1-155.4-45.7-14.3-920.5-0.8-9.9
Net Profit
Mgn %
4.53.11.33.1-100.2-65.3-38-30.1104.8-1.2240.8
Debt to
Equity
1.50.90.20.3-0.6-0.5-0.5-0.4-4.1-3.6-
Working Cap
Days
3042903504026051,4691,3231,104426143-698
Cash Conv.
Cycle
17916213511133820577-39-67-15-410

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales42.8357.4876.9762.1414.761.852.052.143.134.75
Operating Expenses + 40.2854.3474.9860.2838.662.702.342.332.494.79
Manufacturing Costs6.093.531.471.131.441.751.952.032.154.52
Material Costs28.3447.4570.1754.3633.810.620.180.170.140.04
Employee Cost 2.171.852.041.971.390.050000
Other Costs 3.681.511.302.832.030.280.210.130.200.24
Operating Profit 2.553.141.991.85-23.90-0.85-0.29-0.190.64-0.04
Operating Profit Margin (%) 6.0%5.5%2.6%3.0%-162.0%-45.7%-14.3%-9.0%20.5%-0.8%
Other Income + 0.080.700.480.149.340.170.020.020.010.01
Exceptional Items 0000000010.110
Interest 0.340.300.330.250.2300000
Depreciation 0.480.530.630.680.620.550.550.550.400.02
Profit Before Tax 1.823.011.511.06-15.41-1.24-0.82-0.7210.36-0.05
Tax 0.630.980.500.06-0.01-0.03-0.04-0.0800.01
Profit After Tax 1.192.031.011-15.40-1.21-0.78-0.6510.36-0.06
PAT Margin (%) 2.8%3.5%1.3%1.6%-104.0%-65.3%-38.0%-30.1%330.6%-1.2%
Adjusted EPS (₹)0.71.20.60.6-9.0-0.7-0.5-0.46.1-0.0
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Starlite Components - 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

mw4me loader

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 + 3.245.276.287.28-8.11-9.32-10.10-10.75-0.39-0.44
Share Capital 17.1017.1017.1017.1017.1017.1017.1017.1017.1017.10
Reserves -13.86-11.83-10.82-9.82-25.21-26.42-27.20-27.85-17.49-17.54
Debt +4.734.711.431.944.904.764.764.761.601.60
Long Term Debt4.734.711.431.944.904.764.764.761.601.60
Short Term Debt0000000000
Minority Interest0000000000
Trade Payables8.3017.3151.309.471.552.482.671.360.270.95
Others Liabilities 3332.7745.2431.2113.8013.7613.6913.630.830.52
Total Liabilities 49.2660.06104.2549.9012.1411.6711.029.012.312.63

Fixed Assets

Net Fixed Assets +3.924.076.205.534.543.993.452.900.350.33
Gross Block5.916.589.349.368.278.208.208.200.360.36
Accumulated Depreciation1.982.513.153.833.734.214.755.300.010.03
CWIP 1.701.721.721.72000000
Investments 0.920.920.920.92000000
Inventories18.6026.4826.4212.721.150.540.350.180.040
Trade Receivables15.6419.5555.2417.211.211.991.920.230.310.52
Cash Equivalents 0.050.220.170.230.180.190.240.490.260.27
Others Assets 8.437.1013.5811.585.064.965.075.201.341.51
Total Assets 49.2660.06104.2549.9012.1411.6711.029.012.312.63

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -2.2815.55-3.71-3.060.12-0.020.20-0.20-0.03
PBT 1.823.011.511.06-15.41-1.24-0.82-0.7210.36-0.05
Adjustment 0.730.800.950.873.590.570.570.61-9.800
Changes in Working Capital -4.83-2.83.1-5.648.760.790.230.31-0.760.02
Tax Paid 00-0.010000000
Cash Flow From Investing Activity + -0.55-0.68-2.75-00.270.010.020.020.010.01
Capex -0.60-0.69-2.76-0.010.2200000
Net Investments 0.050.02000.0500000
Others 0-0.010.010.010.010.010.020.020.010.01
Cash Flow From Financing Activity + 2.78-0.29-2.823.762.73-0.14-0-0-0-0
Net Proceeds from Shares 6.3000.900000000
Net Proceeds from Borrowing -3.20-0.0100.512.96-0.140000
Interest Paid -0.32-0.28-0.33-0.25-0.23-0-0-0-0-0
Dividend Paid 0000000000
Others 00-3.393.50000000
Net Cash Flow -0.050.03-0.020.05-0.06-0-00.21-0.19-0.01

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)047.7617.4914.75N/AN/AN/AN/AN/AN/A
ROCE (%)36.0536.1420.6415.44N/AN/AN/AN/AN/AN/A
Asset Turnover Ratio1.031.10.940.810.480.160.180.210.551.92
PAT to CFO Conversion(x)-1.920.495.5-3.71N/AN/AN/AN/A-0.02N/A
Working Capital Days
Receivable Days107.70106.70176.20212.80227.70315.20348.80183.2031.9032.10
Inventory Days134.10136.70124.60114.90171.50166.5079.1045.4012.901.80
Payable Days83.6098.50178.4020459.501,187.305,089.104,340.902,105.806,179.60

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *22.6422.6422.6422.6422.6422.640.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Starlite Components Ltd FAQs

The current trading price of Starlite Components on 06-Sep-2024 16:01 is ₹3.64.

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 05-Sep-2024 the market cap of Starlite Components stood at ₹6.22 Cr

The latest P/E ratio of Starlite Components as of 05-Sep-2024 is 0.50.

The latest P/B ratio of Starlite Components as of 05-Sep-2024 is 4.42.

The 52-week high of Starlite Components is ₹3.64 and the 52-week low is ₹3.64.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Starlite Components is ₹5.12 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Starlite Components Ltd is a average quality company.

The key valuation ratios of Starlite Components 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 Weak which suggest that the price of Starlite Components Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Starlite Components Ltd

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.

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