Sterling Powergensys Ltd - Stock Valuation and Financial Performance

BSE: 513575 | NSE: | Engineering - Industrial Equipments | Small Cap

Sterling Powergensys Share Price

39.58 1.88 4.99%
as on 14-Jun'24 16:01

DeciZen - make an informed investing decision on Sterling Powergensys

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Sterling Powergensys stock performance -

mw4me loader
P/E Ratio (SA):
7.11
Market Cap:
20.2 Cr.
52-wk low:
12
52-wk high:
39.6

Is Sterling Powergensys Ltd an attractive stock to invest in?

1. Is Sterling Powergensys Ltd a good quality company?

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

2. Is Sterling Powergensys Ltd undervalued or overvalued?

The key valuation ratios of Sterling Powergensys Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

3. Is Sterling Powergensys Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Sterling Powergensys 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 Sterling Powergensys:

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.
Sterling Powergensys Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 9.8%-3.2%6.2%8.8%-13.8%-20.6%-21.6%-52.4%-20.6%-19.1%-
Value Creation
Index
-0.3-1.2-0.6-0.4-2.0NANANANANA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 5.213.716.76.2111.20.40.30.37
Sales YoY Gr.--80.4%260.8%352.7%-62.7%-83.9%1,016%-96.7%-16.2%6.5%-
Adj EPS 0.4-0.40.20.3-1.2-1.4-1-2.2-1.2-1.45.6
YoY Gr.--193.2%NA41.7%-458.8%NANANANANA-
BVPS (₹) 21.21.51.80.6-0.8-1.8-4-3.8-5.20.4
Adj Net
Profit
0.2-0.20.10.2-0.6-0.7-0.5-1.1-0.6-0.73
Cash Flow from Ops. 00.10.91-0.2-0.5-0.4-0.800.2-
Debt/CF from Ops. 479.130.43.42.1-13.8-5.2-6.7-4.5-1468.625.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -26.4%-44.4%-69.1%6.5%
Adj EPS -213.6%NANANA
BVPS-211.4%-255.4%NANA
Share Price 17.5% 26.8% 48.9% 201.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
25.1-25.917.421-103.41267.878.974.831.331.1-234.5
Op. Profit
Mgn %
13.4-93.5-115.23.6-1.2-35.6-1.3-88.4-174.5-84-7.5
Net Profit
Mgn %
4.3-20.63.31.1-10-69.2-4.7-298.9-198.3-214.541.3
Debt to
Equity
2.45.53.82.49.4-6.7-3-1.9-2.8-216.1
Working Cap
Days
9234,2668471704962,35944916,12717,11715,7237,951
Cash Conv.
Cycle
4602,672598641721,25018510,54111,1536,385365

Recent Performance Summary

Sales growth is good in last 4 quarters at 1843.25%

Return on Equity is Poor

Sales growth has been subdued in last 3 years -69.08%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Sterling Powergensys Ltd.

Standalone Consolidated
TTM EPS (₹) 5.6 -
TTM Sales (₹ Cr.) 6.9 -
BVPS (₹.) 0.4 -
Reserves (₹ Cr.) -5 -
P/BV 97.54 -
PE 7.11 -
From the Market
52 Week Low / High (₹) 12.00 / 39.58
All Time Low / High (₹) 0.10 / 37.70
Market Cap (₹ Cr.) 20.2
Equity (₹ Cr.) 5.1
Face Value (₹) 10
Industry PE 67.5

Management X-Ray of Sterling Powergensys:

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 Sterling Powergensys

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
Sales5.211.023.6816.666.21111.160.370.310.33
Operating Expenses 4.521.987.9216.086.291.3511.310.690.850.61
Manufacturing Costs0.750.340.100.260.100.040.080.040.010.03
Material Costs2.320.196.6214.034.930.4610.790.200.300
Employee Cost 0.750.530.720.970.700.650.280.270.220.18
Other Costs 0.700.930.490.830.560.210.160.180.330.40
Operating Profit 0.69-0.96-4.240.58-0.08-0.36-0.15-0.33-0.54-0.28
Operating Profit Margin (%) 13.2%-94.2%-115.0%3.5%-1.2%-35.7%-1.3%-88.4%-174.0%-84.0%
Other Income 0.131.084.740.0300.0400.041.030
Interest 0.310.130.170.170.290.210.110.250.130.19
Depreciation 0.290.210.220.220.260.260.260.260.260.24
Exceptional Items 000000.090-0.3000
Profit Before Tax 0.21-0.220.120.21-0.62-0.69-0.52-1.100.10-0.71
Tax 0000.05000000
Profit After Tax 0.21-0.220.120.16-0.62-0.69-0.52-1.100.10-0.71
PAT Margin (%) 4.1%-21.1%3.1%1.0%-10.0%-69.2%-4.7%-298.0%33.1%-214.0%
Adjusted EPS (₹)0.4-0.40.20.3-1.2-1.4-1.0-2.20.2-1.4
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 0.990.630.750.910.29-0.40-0.92-2.02-1.92-2.63
Share Capital 5.105.105.105.105.105.105.105.105.105.10
Reserves -4.10-4.46-4.35-4.18-4.80-5.50-6.02-7.12-7.02-7.72
Minority Interest0000000000
Debt2.383.352.762.032.632.572.743.745.285.29
Long Term Debt2.382.822.200.811.621.562.743.745.285.29
Short Term Debt00.530.571.231.011.010000
Trade Payables5.063.943.363.953.991.2212.166.699.196.64
Others Liabilities 9.658.374.054.574.587.837.277.434.785.31
Total Liabilities 18.0816.2910.9311.4711.4911.2221.2515.8417.3314.61

Fixed Assets

Gross Block6.047.127.077.027.027.027.027.026.966.96
Accumulated Depreciation3.333.683.723.874.134.394.654.915.105.35
Net Fixed Assets2.713.453.353.152.892.642.382.121.861.62
CWIP 1.751.7600000000
Investments 0000000000
Inventories5.205.251.982.302.102.192.061.881.581.58
Trade Receivables6.964.684.934.634.744.7415.3410.5610.958.10
Cash Equivalents 0.020.040.040.010.020.010.010.0100.03
Others Assets1.441.120.641.371.741.641.461.262.933.28
Total Assets 18.0816.2910.9311.4711.4911.2221.2515.8417.3314.61

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 00.110.851.03-0.20-0.51-0.41-0.8400.21
PBT 0.13-0.220.120.21-0.62-0.69-0.52-1.100.10-0.71
Adjustment 0.260.280.560.650.530.390.320.26-0.650.43
Changes in Working Capital -0.390.070.170.17-0.11-0.21-0.2100.540.48
Tax Paid 0-0.0200000000
Cash Flow From Investing Activity -0.04-1.09-0.11-0.1100.04001.030
Capex -0.07-1.09-0.12-0.1200001.030
Net Investments 0000000000
Others 0.03000.0100.04000.010
Cash Flow From Financing Activity 0.031.01-0.74-0.740.320.410.520.97-1.04-0.18
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0.030000.810.590.591.01-0.900
Interest Paid 0-0.07-0.15-0.15-0.28-0.18-0.08-0.04-0.13-0.19
Dividend Paid 0000000000
Others 01.08-0.59-0.59-0.2200000
Net Cash Flow 00.03-0.010.180.12-0.060.110.13-0.010.02
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)24.11-26.4616.7419.75-103.37N/AN/AN/AN/AN/A
ROCE (%)11.7-2.37.3411.43-10.95N/AN/AN/AN/AN/A
Asset Turnover Ratio0.30.060.291.520.540.120.690.020.020.02
PAT to CFO Conversion(x)0N/A7.086.44N/AN/AN/AN/A0N/A
Working Capital Days
Receivable Days3232,0144381032751,304328000
Inventory Days3731,80932946129590701,9532,0331,750
Payable Days4448,829201952942,08422609,5840

Sterling Powergensys Ltd Stock News

Sterling Powergensys Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Sterling Powergensys on 14-Jun-2024 16:01 is ₹39.58.
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 14-Jun-2024 16:01 the market cap of Sterling Powergensys stood at ₹20.17.
The latest P/E ratio of Sterling Powergensys as of 14-Jun-2024 16:01 is 7.11.
The latest P/B ratio of Sterling Powergensys as of 14-Jun-2024 16:01 is 97.54.
The 52-week high of Sterling Powergensys is ₹39.58 and the 52-week low is ₹12.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Sterling Powergensys is ₹6.88 ( Cr.) .

About Sterling Powergensys Ltd

Sterling Strips Limited was incorporated on October 22, 1984 as a private limited company under the provisions of the Companies Act 1956, in India. The primary objective of setting up the company was to manufacture oil/gas fired industrial boilers. The key promoters of the company were S. Venkata Subramanian and Premchand Shah.

The company manufactured more than 400 industrial boilers and waste heat recovery boilers in technical collaboration with Siller & Jamart, Germany, covering a wide range of steam generation capacity and installed the same encompassing all the leading business houses in India. The company also had occasion to export its boilers/boiler components to Saudi Arabia, Dubai, Thailand and Nigeria. Thus the quality of the boilers manufactured by the company found wide acceptability.

To garner funds to expand it’s boiler manufacturing capacity, the company went in for a public issue of its shares in 1994, prior to which the company had obtained the status of a public limited company, on 19th October 1994, under provisions of the Companies Act 1956 in India. The company is listed on the Bombay Stock Exchange with the shares being widely held by the public.

The company has a fully equipped manufacturing facility at A/8-4, Maharashtra Industrial Development Corporation (MIDC), Murbad, which is located at a distance of 60 Kms.

The philosophy to obtain the status of a public limited company was based on running the company by professional management, who would function on a code of ethics.  This philosophy is ingrained and imbued in the entire workforce of the company. For healthy and steady growth, the management of the company was of the opinion that professionalism was essential.

With the onset of the boom in the capital goods industry and new industrial projects, leading to a situation where major manufacturing companies were required to outsource their requirements, the management of the company took a conscious decision to focus on two key areas viz :

i)  Execution of projects on EPC (Engineering, Procurement & Construction) basis

ii) In house API grade Spiral Pipe Manufacturing Activities

The company saw the vast opportunity of setting up of mini integrated steel plants, which involves engineering services, efficient procurement and system integration, which has always been the area of strength for the company. In this endeavor, it has the technology back-up of Mukand Ltd, a 50 year old company manufacturing alloy steels and having it’s own machine building division to manufacture in-house the equipment for their steel division. The efforts in this direction were rewarded and it was awarded a Greenfield project to set up a 100 Ton per day sponge iron manufacturing unit, in India, on EPC basis for an order value of $3 Million and the same has been executed by it to the entire satisfaction of the client. Based on the performance the same client awarded it to set up their 150 TPD mini steel plant for manufacture of construction bars at Doha, Qatar and the project will be completed by end of current financial year.

Business area of the company:

Sterling Strips Ltd. (SSL) is one of the leading engineering companies in India engaged in providing EPC/ Turnkey solutions in the areas of  power generation, mini integrated steel plants, spiral pipe mills , industrial boilers, pressure vessels , DRI plants, etc.

The company, headquartered at Mumbai, is owned the Sterling Strips Ltd group pioneer in India in the field of boiler ,pressure vessels, hot air generators, and steel plant equipments and material handling equipments.

The turnkey construction activity of the company is managed by the Projects division also based at Mumbai through separate division and its the responsibility for each activity ranging from concept to commissioning.

SSL also manufactures a range of equipment largely employed in the above activities, which are undertaken at the factory under the Manufacturing division of the company. The factory is based at MIDC Murbad , 65 kms from Mumbai where large equipments are manufactured.

SSL has technical collaborations with some of the worlds leading firms for each of their activities. Some of the associates include Sillar & Jamart - GMBH, Mukand Ltd- India, H&K - India, Industrial Manufacturers - India, Abtech Machineries – Philliphines.

Clientele:

  • Bombay Dyeing
  • Godrej
  • GACL
  • CEAT
  • Omax
  • Imperial Industrial Chemicals
  • Indus Smelters
  • Lloyd Steel
  • Reliance Industries etc.

Awards/ Achievements

  • The  Products division / Projects divisions at Mumbai are both under process of  ISO 9000 certification.
  • The company is approved with IBR  for manufacturing of boiler, pressure vessels, economiser and other equipments as per the clients requirement.
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