BSE: 526137 | NSE: SHETRON | Engineering - Industrial Equipments | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Shetron Ltd is a below average quality company.
The key valuation ratios of Shetron 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 Shetron Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 7.5% | 8.9% | 9.5% | 8.3% | 8.1% | 9.2% | 7.1% | 4.2% | 11.2% | 11.1% | - |
| Value Creation Index ⓘ | -0.5 | -0.4 | -0.3 | -0.4 | -0.4 | -0.4 | -0.5 | -0.7 | -0.2 | -0.2 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 132 | 161 | 158 | 149 | 168 | 165 | 162 | 171 | 226 | 245 | 243 |
| Sales YoY Gr. | - | 21.8% | -2% | -5.7% | 13.1% | -2.1% | -1.5% | 5% | 32.4% | 8.4% | - |
| Adj EPS ⓘ | -0.9 | 1.2 | 2.4 | 1.3 | 1.5 | 2.7 | -0 | -2.3 | 5.3 | 6.3 | 7.3 |
| YoY Gr. | - | NA | 96.8% | -44.6% | 11.2% | 83.9% | -100.4% | NA | NA | 17.5% | - |
| BVPS (₹) ⓘ | 43.7 | 44.5 | 46.1 | 41.4 | 43.2 | 45.4 | 46.7 | 44.3 | 49.8 | 56 | 61.5 |
| Adj Net Profit ⓘ | -0.8 | 1.1 | 2.2 | 1.2 | 1.3 | 2.5 | 0 | -2 | 4.8 | 5.6 | 7 |
| Cash Flow from Ops. ⓘ | 6.7 | 8.9 | 17.4 | 16.4 | 11.4 | -12.6 | 2.4 | -0.1 | 6.8 | 11 | - |
| Debt/CF from Ops. ⓘ | 15.5 | 12 | 5.6 | 5.3 | 6.4 | -6 | 32.7 | -581.7 | 9.6 | 6.2 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 7.1% | 7.8% | 14.6% | 8.4% | ||||
| Adj EPS ⓘ | NA | 33.3% | NA | 17.5% | ||||
| BVPSⓘ | 2.8% | 5.3% | 6.2% | 12.4% | ||||
| Share Price | 31.1% | 27.9% | 76.9% | 84.8% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -2 | 2.8 | 5.4 | 3.1 | 3.5 | 6.2 | -0 | -5 | 11.3 | 11.8 | 12.5 |
| Op. Profit Mgn % ⓘ | 16.6 | 15.9 | 16.8 | 15 | 12 | 11.7 | 9.7 | 7.2 | 9.4 | 9.3 | 9.7 |
| Net Profit Mgn % ⓘ | -0.6 | 0.7 | 1.4 | 0.8 | 0.8 | 1.5 | -0 | -1.2 | 2.1 | 2.3 | 2.7 |
| Debt to Equity ⓘ | 2.7 | 2.7 | 2.3 | 2.3 | 1.9 | 1.9 | 1.8 | 1.9 | 1.5 | 1.4 | - |
| Working Cap Days ⓘ | 226 | 208 | 216 | 215 | 203 | 217 | 219 | 207 | 164 | 152 | 80 |
| Cash Conv. Cycle ⓘ | 71 | 66 | 69 | 68 | 72 | 87 | 99 | 98 | 74 | 68 | 26 |
Return on Equity has increased versus last 3 years average to 12.50%
Sales growth is growing at healthy rate in last 3 years 14.63%
Debt to equity has declined versus last 3 years average to 1.35
Net Profit has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at 1.43%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 7.3 | 1.3 |
| TTM Sales (₹ Cr.) | 243 | 163 |
| BVPS (₹.) ⓘ | 61.5 | 0 |
| Reserves (₹ Cr.) ⓘ | 46 | 33 |
| P/BV ⓘ | 1.83 | 0.00 |
| PE ⓘ | 15.34 | 83.67 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 58.21 / 153.70 |
| All Time Low / High (₹) | 3.00 / 153.70 |
| Market Cap (₹ Cr.) | 101 |
| Equity (₹ Cr.) | 9 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 50.6 |
| Pledged * | 8.33 | 8.32 | 8.32 | 8.36 | 8.36 | 4.97 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 132 | 161 | 158 | 149 | 168 | 165 | 162 | 171 | 226 | 245 |
| Operating Expenses ⓘ | 111 | 136 | 132 | 126 | 147 | 146 | 147 | 158 | 205 | 222 |
| Manufacturing Costs | 7 | 8 | 9 | 8 | 9 | 10 | 10 | 10 | 11 | 13 |
| Material Costs | 86 | 107 | 101 | 97 | 117 | 113 | 112 | 123 | 166 | 178 |
| Employee Cost | 9 | 10 | 11 | 13 | 14 | 15 | 17 | 17 | 19 | 22 |
| Other Costs ⓘ | 9 | 11 | 11 | 8 | 7 | 8 | 8 | 8 | 9 | 9 |
| Operating Profit ⓘ | 22 | 25 | 25 | 22 | 21 | 19 | 16 | 12 | 21 | 23 |
| Operating Profit Margin (%) | 16.4% | 15.5% | 16.1% | 15.0% | 12.4% | 11.4% | 9.7% | 7.2% | 9.4% | 9.2% |
| Other Income ⓘ | 1 | 1 | 1 | 2 | 1 | 2 | 3 | 1 | 2 | 2 |
| Interest ⓘ | 17 | 17 | 16 | 14 | 12 | 11 | 12 | 10 | 11 | 10 |
| Depreciation ⓘ | 8 | 8 | 8 | 8 | 7 | 6 | 6 | 5 | 6 | 5 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | -2 | 1 | 2 | 3 | 3 | 3 | 1 | -2 | 7 | 9 |
| Tax ⓘ | -1 | 0 | 1 | 1 | 1 | 1 | 0 | 0 | 2 | 3 |
| Profit After Tax | -1 | 1 | 2 | 2 | 2 | 2 | 1 | -2 | 5 | 6 |
| PAT Margin (%) | -0.8% | 0.5% | 1.0% | 1.3% | 1.1% | 1.3% | 0.5% | -1.2% | 2.3% | 2.5% |
| Adjusted EPS (₹) | -1.1 | 0.8 | 1.7 | 2.1 | 2.0 | 2.4 | 1.0 | -2.2 | 5.7 | 6.9 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 15% |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 39 | 40 | 42 | 37 | 39 | 41 | 42 | 40 | 45 | 50 |
| Share Capital ⓘ | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
| Reserves ⓘ | 30 | 31 | 33 | 28 | 30 | 32 | 33 | 31 | 36 | 41 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 100 | 100 | 87 | 73 | 55 | 72 | 72 | 69 | 61 | 64 |
| Long Term Debt | 72 | 62 | 51 | 40 | 21 | 36 | 34 | 36 | 31 | 32 |
| Short Term Debt | 28 | 38 | 35 | 33 | 34 | 37 | 37 | 33 | 31 | 32 |
| Trade Payables | 25 | 28 | 25 | 31 | 37 | 29 | 25 | 26 | 36 | 27 |
| Others Liabilities ⓘ | 12 | 16 | 20 | 24 | 28 | 13 | 11 | 12 | 11 | 9 |
| Total Liabilities ⓘ | 176 | 183 | 172 | 165 | 159 | 155 | 150 | 147 | 153 | 150 |
Fixed Assets | ||||||||||
| Gross Block | 154 | 156 | 157 | 134 | 138 | 142 | 155 | 157 | 160 | 170 |
| Accumulated Depreciation | 82 | 89 | 97 | 82 | 89 | 95 | 108 | 114 | 119 | 124 |
| Net Fixed Assetsⓘ | 72 | 67 | 60 | 52 | 49 | 47 | 47 | 43 | 41 | 46 |
| CWIP ⓘ | 3 | 2 | 3 | 4 | 3 | 0 | 0 | 0 | 0 | 1 |
| Investmentsⓘ | 1 | 1 | 4 | 4 | 4 | 4 | 0 | 0 | 0 | 0 |
| Inventories | 31 | 34 | 33 | 35 | 40 | 47 | 43 | 48 | 56 | 48 |
| Trade Receivables | 27 | 36 | 29 | 33 | 36 | 29 | 29 | 27 | 28 | 28 |
| Cash Equivalents | 9 | 7 | 9 | 11 | 5 | 5 | 6 | 7 | 6 | 6 |
| Others Assetsⓘ | 32 | 36 | 35 | 26 | 22 | 23 | 25 | 22 | 22 | 22 |
| Total Assets ⓘ | 176 | 183 | 172 | 165 | 159 | 155 | 150 | 147 | 153 | 150 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 7 | 9 | 17 | 16 | 11 | -13 | 2 | 0 | 7 | 11 |
| PBT ⓘ | -2 | 1 | 2 | 3 | 3 | 3 | 1 | -2 | 7 | 9 |
| Adjustment ⓘ | 24 | 24 | 24 | 7 | 19 | 17 | 18 | 15 | 16 | 15 |
| Changes in Working Capital ⓘ | 0 | 0 | 8 | 7 | 3 | -21 | -4 | -4 | -3 | -0 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0 | -1 | -1 | 0 | 0 | -2 | -3 |
| Cash Flow From Investing Activity ⓘ | -3 | -1 | -4 | -4 | 1 | -1 | -1 | -2 | -3 | -11 |
| Capex | -3 | -1 | -1 | -4 | 1 | -2 | -5 | -2 | -3 | -11 |
| Net Investments | 0 | 0 | -3 | 0 | 0 | 0 | 4 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | -2 | -10 | -11 | -11 | -19 | 14 | -2 | 2 | -5 | 1 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -2 | -10 | -11 | -11 | -19 | 14 | -2 | 2 | -5 | 1 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | 1 | -2 | 3 | 2 | -6 | 0 | 0 | 0 | -1 | 0 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -2.51 | 1.87 | 3.7 | 4.72 | 4.79 | 5.52 | 2.12 | -4.83 | 12.09 | 13.03 |
| ROCE (%) | 10.46 | 12.37 | 13.02 | 12.5 | 12.3 | 12.89 | 11.06 | 7 | 15.83 | 16.51 |
| Asset Turnover Ratio | 0.81 | 0.96 | 0.96 | 0.95 | 1.06 | 1.05 | 1.06 | 1.15 | 1.5 | 1.61 |
| PAT to CFO Conversion(x) | N/A | 9 | 8.5 | 8 | 5.5 | -6.5 | 2 | N/A | 1.4 | 1.83 | Working Capital Days |
| Receivable Days | 70 | 67 | 69 | 70 | 73 | 72 | 65 | 60 | 45 | 42 |
| Inventory Days | 71 | 68 | 71 | 77 | 80 | 96 | 101 | 97 | 84 | 78 |
| Payable Days | 94 | 90 | 94 | 104 | 105 | 106 | 89 | 77 | 69 | 65 |
Shetron was incorporated in 1980 and commenced production in 1984 for the manufacturing of metal cans for food and dry cell battery jackets / components.
The company is the largest integrated producer of dry cell battery jackets in the South East Asian region and a single source supplier for many multinatoinal industries.
Shetron Technology focuses on two vital sectors - food and energy. As one of the leading manufacturers of metal packaging, printed metal sheets and dry-cell battery jackets and components, SHETRON is rightly 'The Name Behind the Names'. With world class manufacturing facilities, Shetron offers products of international standards.
During the last over 2 decades, the company has attained the number one position as the most preferred supplier to a large number of leading organizations.
Shetron is an organisation dedicated to excellence in packaging, packaging that protects, preserves and promotes products and that offers value.
An ISO 9001:2000 company, Shetron has facilities that match some of the world’s best can-making units.The growing list of satisfied clients, which includes leading names in food and food processing industry.
Product range of the company includes:
Achievements/ recognition:
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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Here is the summary:
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