Shilp Gravures Ltd - Stock Valuation and Financial Performance

BSE: 513709 | NSE: | Engineering - Industrial Equipments | Small Cap

Shilp Gravures Share Price

170.10 1.15 0.68%
as on 12-Apr'24 10:20

DeciZen - make an informed investing decision on Shilp Gravures

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Shilp Gravures stock performance -

mw4me loader
P/E Ratio (SA):
9.23
Market Cap:
103.9 Cr.
52-wk low:
90.5
52-wk high:
208

Is Shilp Gravures Ltd an attractive stock to invest in?

1. Is Shilp Gravures Ltd a good quality company?

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

2. Is Shilp Gravures Ltd undervalued or overvalued?

The key valuation ratios of Shilp Gravures Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Shilp Gravures Ltd a good buy now?

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

10 Year X-Ray of Shilp Gravures:

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.
Shilp Gravures Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 10.1%9.9%9.6%13%10.4%11%4.8%12.2%8.5%9.3%-
Value Creation
Index
-0.3-0.3-0.3-0.1-0.3-0.2-0.7-0.1-0.4-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 5659.763.664.667.674.165.962.867.77777
Sales YoY Gr.-6.5%6.6%1.7%4.6%9.6%-11.1%-4.7%7.9%13.7%-
Adj EPS 6.97.27.311.610.111.84.514.310.712.818.3
YoY Gr.-4.6%0.7%59.3%-13.1%17.2%-61.8%217.1%-25.2%19.2%-
BVPS (₹) 67.872.776.287.597104.6102.7119.9132.5143.1157
Adj Net
Profit
4.24.44.57.16.27.32.88.86.67.811
Cash Flow from Ops. 1310.816.812.59.710.310.110.910.112-
Debt/CF from Ops. 1.41.40.70.61.11.31.50.20.20.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 3.6%2.6%5.3%13.7%
Adj EPS 7.1%4.9%41.4%19.2%
BVPS8.7%8.1%11.7%8%
Share Price 18% 12.5% 24.6% 81%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
10.610.39.814.210.911.74.412.98.59.312.2
Op. Profit
Mgn %
2622.923.22421.820.717.818.917.418.814.5
Net Profit
Mgn %
7.67.47119.29.84.2149.710.214.6
Debt to
Equity
0.40.40.20.20.20.20.2000-
Working Cap
Days
163152130112132138170185170151111
Cash Conv.
Cycle
6064524459698284776689

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 12.20%

Net Profit is growing at healthy rate in last 3 years 41.40%

Sales growth has been subdued in last 3 years 5.32%

Sales growth is not so good in last 4 quarters at 2.67%

Latest Financials - Shilp Gravures Ltd.

Standalone Consolidated
TTM EPS (₹) 18.3 18.7
TTM Sales (₹ Cr.) 77 87.1
BVPS (₹.) 157 155.4
Reserves (₹ Cr.) 90 89
P/BV 1.08 1.09
PE 9.23 9.05
From the Market
52 Week Low / High (₹) 90.50 / 208.00
All Time Low / High (₹) 5.00 / 208.00
Market Cap (₹ Cr.) 104
Equity (₹ Cr.) 6.2
Face Value (₹) 10
Industry PE 50

Management X-Ray of Shilp Gravures:

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 (%)

Event Update

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Analyst's Notes

Key Ratios of Shilp Gravures

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales56606465687466636877
Operating Expenses 41464949535958515664
Manufacturing Costs797791010999
Material Costs15161716192017172125
Employee Cost 12151719202322202224
Other Costs 7787669546
Operating Profit 1514151515158121213
Operating Profit Margin (%) 26.0%22.9%23.2%23.9%21.7%20.2%12.6%18.8%17.4%17.1%
Other Income 0111121642
Interest 2221111100
Depreciation 6666776544
Exceptional Items 00-30000000
Profit Before Tax 66510993131110
Tax 2223111223
Profit After Tax 45377811098
PAT Margin (%) 7.5%7.6%4.8%11.0%10.4%10.4%1.7%16.7%12.8%9.8%
Adjusted EPS (₹)6.97.44.911.611.412.51.817.014.212.3
Dividend Payout Ratio (%)17%16%24%13%13%32%81%11%13%17%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 42454754606463748188
Share Capital 6666666666
Reserves 36394148545857687582
Minority Interest0000000000
Debt161311891112221
Long Term Debt9411475000
Short Term Debt78106446221
Trade Payables5677877566
Others Liabilities 1516911121010989
Total Liabilities 778073798892929098104

Fixed Assets

Gross Block11011411847566167687778
Accumulated Depreciation6168736121924293337
Net Fixed Assets49464441444343394441
CWIP 0000001002
Investments 34212162015192128
Inventories4655788777
Trade Receivables12141313161615141314
Cash Equivalents 1182111111
Others Assets7925559101110
Total Assets 778073798892929098104

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 13111712101010111012
PBT 66510993131110
Adjustment 99116679-114
Changes in Working Capital -1-23-0-2-3-010-1
Tax Paid -1-2-3-3-3-3-2-2-2-2
Cash Flow From Investing Activity -10-5-10-8-10-9-92-9-9
Capex -9-4-5-3-9-6-70-9-2
Net Investments -1-1-7-10-1-26-3-3-8
Others 101500-9621
Cash Flow From Financing Activity -3-6-7-50-2-1-13-1-3
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 2-5-50520-800
Interest Paid -2-2-2-1-1-1-1-100
Dividend Paid -1-1-1-1-1-2-20-1-1
Others -121-3-302-40-2
Net Cash Flow 0000000000
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)10.5710.516.6214.1312.412.441.7815.3111.218.93
ROCE (%)14.8513.7911.9117.9114.413.934.9517.3214.2812.25
Asset Turnover Ratio0.80.820.90.920.830.820.720.690.720.76
PAT to CFO Conversion(x)3.252.25.671.711.431.25101.11.111.5
Working Capital Days
Receivable Days75757166747785847566
Inventory Days26302926313645433834
Payable Days1181241421511431391611339686

Shilp Gravures Ltd Stock News

Shilp Gravures Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Shilp Gravures on 12-Apr-2024 10:20 is ₹170.1.
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 12-Apr-2024 10:20 the market cap of Shilp Gravures stood at ₹103.9.
The latest P/E ratio of Shilp Gravures as of 12-Apr-2024 10:20 is 9.23.
The latest P/B ratio of Shilp Gravures as of 12-Apr-2024 10:20 is 1.08.
The 52-week high of Shilp Gravures is ₹208.0 and the 52-week low is ₹90.50.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Shilp Gravures is ₹77.00 ( Cr.) .

About Shilp Gravures Ltd

Shilp Gravures began operations in 1989 as an engraving house, when gravure industry in India was at its infancy. It had an inherent cutting edge, having been founded and run by a team of experienced technocrats, led by the visionary Ambar Patel. In 1990, the company set up its own chemical etching facility and in 1993, it opened the first and only electronic engraving house in India - Shilp Gravures Limited. From chemical etching to electronic engraving, it was a huge leap. But, thanks to its technocreativity, Shilp Gravures developed a special expertise in electronic engraving within a very short while.

In 1995, the company graduated to commercial production of electronically engraved cylinders, pioneering the technology in India. In the years that followed, Shilp Gravures brought the world's best in technology and software to India, as they emerged in global technology capitals. It has had a long stint as India's market leader in quality quantity, and by popular opinion, is the country's most creative presence in the field.

Shilp Gravures' electro-mechanical engraving plant at Rakanpur near Ahmedabad, India, features the best technologies and equipment in the field- engravers, copper plating plant and polish master from Daetwyler, Switzerland, proof press from JM Heaford, UK, high-end pre-press shop from ArtPro & Esko Graphics, Belgium.

Shilp Gravures is India's pioneer and undisputed leader in electro-mechanical engraving, with a substantial market share of the flexible packaging industry. Shilp Gravures has assimilated the world's best equipment and infrastructure available in the field at its plants

Product range of the company includes:

  • Engraved Screen
  • Engraved Gravures Cylinders:-   -Electromechanical Engraved rollers.   -Mechanically Engraved rollers.  -Chemically Etched rollers.  -Laser Engraved rollers.
  • Flexo Plate Procession
  • Base Shell

Product Application    Shilp serves complete cross-section of the gravure industry such as:

  • Flexible Packaging 
  • Anilox Rollers 
  • PVC Flooring 
  • Decorative Laminates  
  • Specialty Coatings
  • Artificial Leather
  • Gift Wrapper  
  • Fine Text  
  • Lables  

Awards

2010 - ET Now IndiaMART Leaders of Tomorrow Awards 2010

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