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Shivagrico Implements Ltd. Stock Analysis

Small Cap
Evaluated by 40 users | BSE: 522237 | NSE: |
Engineering
Shivagrico Implements Ltd. a Ranawat Group of company is one of the leading manufacturer & exporter of Agricultural Implements / Hand tools for the last three decades, and was recognized as a Public Limited Company in 1992. The company has wide product range of about 115 products of...

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
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 3.96%8.45%8.64%5.24%3.65%3.58%2.98%2.62%0.43%-2.09%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 22.623.324.129.826.224.325.523.821.925.3
Y-o-Y Gr. Rt.-3.3%3.3%23.5%-12.1%-7.3%5.3%-6.7%-8.3%15.9%
Adjusted EPS (Rs.) 0.091.311.50.540.180.09-0.120.06-0.65-1.84
Y-o-Y Gr. Rt.-1355.6%14.5%-64%-66.7%-50%-233.3%NA-1183.3%NA
Book Value per Share (Rs.) 11.8113.2314.6915.2515.4315.515.415.5214.9213.25
Adjusted Net Profit 00.70.80.30.10.1-0.10-0.3-0.9
Net Op. Cash Flow (Rs. Cr.) 0.22.22.92.21.10.51.22.3-0.2-0.5
Debt to Cash Flow from Ops 36.413.132.192.876.317.518.324.15-73.84-26.43
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.
Shivagrico Implements Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 1.3%-0.6%-0.3%15.9%
Adjusted EPS -239.8%-259.2%NANA
Book Value per Share 1.3-3-4.9-11.2
Share Price -3.9% -20.7% -6.8% -7.1%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 0.811.3711.163.61.160.61-0.810.42-4.25-13.09
Operating Profit Margin (%) 8.610.4710.185.596.547.157.236.934.432.37
Net Profit Margin (%) 0.192.813.120.910.340.2-0.240.14-1.48-3.65
Debt to Equity 1.271.120.860.810.921.051.281.221.471.93
Working Capital Days 1061241218693117134152177175
Cash Conversion Cycle 749488626884100110124127
Entity Percentage Holding
Promoters 61.56%
Institutions 0.87%
Non-Institutions 37.57%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Shivagrico Implements Ltd.'s performance infers:

Shivagrico Implements Ltd. earnings have declined by -259.2%, whereas share price has depreciated -20.7% 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.

We analysed the performance of Shivagrico Implements Ltd. share prices over the last 10 years. Here is what we found out:

Shivagrico Implements Ltd. share price has depreciated -7.4% annually over the past ten years.

Shivagrico Implements Ltd. a Ranawat Group of company is one of the leading manufacturer & exporter of Agricultural Implements / Hand tools for the last three decades, and was recognized as a Public Limited Company in 1992.

The company has wide product range of about 115 products of agricultural implements & hand tools such as pickaxes, crowbars, garden rakes, shuttering clamps, hoes etc.

Their manufacturing unit is located at Rajasthan (Falna) and their head office is in

Shivagrico Implements Ltd. a Ranawat Group of company is one of the leading manufacturer & exporter of Agricultural Implements / Hand tools for the last three decades, and was recognized as a Public Limited Company in 1992.

The company has wide product range of about 115 products of agricultural implements & hand tools such as pickaxes, crowbars, garden rakes, shuttering clamps, hoes etc.

Their manufacturing unit is located at Rajasthan (Falna) and their head office is in Mumbai. They have their own induction furnace, rolling plant and two forging units. Hence starting from the basic raw material like ingots up to the finished product, every product is manufactured by them. Their team of dedicated and qualified personnel supervises the entire production. Quality is determined at every stage of production.

The company is also having its workshop to make dyes, tools, jigs etc. which can be used for the manufacturing of any rolled / forged items as per buyer's specification and can undertake turnkey projects for establishment of industrial units for manufacturing agricultural implements.

They have been exporting their products under the trademark 'Lion Brand'. Their satisfied customers hail from various countries like Africa, U.K., Mozambique, Curaceo, Ghana and a number of gulf countries such as Dubai, Jeddah, Riyadh and Asian countries like Srilanka etc. They also supply their products to defense, railways, PWD irrigation. They have also received Export Excellence Award for five consecutive years.

They assure that the agricultural implements manufactured by them shall meet customer's specifications to the best of their ability. To assure the customer of quality and timely service, they have an in house laboratory for testing the chemical composition.

Shivagrico Implements made a tremendous progress as the manufacturer and exporter of hand tools, shuttering clamps, garden tools, wrenches, hoes and tool holders from India. Their innovative range of hand tools depicts their commitment to promote high quality hand tools after much research and modifications.

Product range of the company includes:

  • Hand tools
  • Shuttering Clamps
  • Garden tools
  • Wrenches
  • Hoes 
  • Tool holders
  • Pickaxes
  • Crowbars
  • Garden rakes
  • Animal drawn plough
  • Picks and beaters
  • Chisel
  • Axes
  • Ridger
  • Wheel barrows
  • Wrecking bars

Achievements/ recognition:

The company has received Export Excellence Award for five consecutive years.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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