Simmonds Marshall Ltd - Stock Valuation and Financial Performance

BSE: 507998 | NSE: | Fasteners | Small Cap

Simmonds Marshall Share Price

71.55 -1.52 -2.08%
as on 19-Mar'24 11:30

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Simmonds Marshall stock performance -

mw4me loader
P/E Ratio (SA):
19.59
Market Cap:
81.8 Cr.
52-wk low:
33
52-wk high:
100

Is Simmonds Marshall Ltd an attractive stock to invest in?

1. Is Simmonds Marshall Ltd a good quality company?

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

2. Is Simmonds Marshall Ltd undervalued or overvalued?

The key valuation ratios of Simmonds Marshall Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Simmonds Marshall Ltd a good buy now?

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

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.
Simmonds Marshall 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 % 11.3%14%10.3%10.2%13.5%8.9%-3.1%-11.8%1.8%4.7%-
Value Creation
Index
-0.20-0.3-0.30.0-0.4-1.2-1.8-0.9-0.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 104135136145175182142124147171175
Sales YoY Gr.-29.6%0.7%6.5%20.7%3.9%-22.1%-12.4%18.5%16.2%-
Adj EPS 4.66.64.85.88.65.4-6.3-15.8-4.1-2.23.7
YoY Gr.-43.5%-27.3%19.7%48.9%-37.1%-215.9%NANANA-
BVPS (₹) 32.938.542.348.356.360.35235.83128.931.2
Adj Net
Profit
5.27.45.46.59.66.1-7-17.7-4.6-2.44
Cash Flow from Ops. 8.48.69.3910.9-0.412.67.11413.2-
Debt/CF from Ops. 3.743.53.52.6-93.43.87.73.73.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 5.6%-0.5%6.5%16.2%
Adj EPS -191.9%-175.8%NANA
BVPS-1.4%-12.5%-17.8%-6.8%
Share Price 12.6% -2% 30.8% 74.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
14.818.511.912.716.49.3-11.2-36.1-12.3-7.212.4
Op. Profit
Mgn %
12.314.11211.4128.50.8-2.57.46.99.4
Net Profit
Mgn %
55.544.55.53.3-5-14.3-3.1-1.42.4
Debt to
Equity
0.80.80.70.60.40.60.81.41.51.5-
Working Cap
Days
15714816317516619127331525721085
Cash Conv.
Cycle
10999109121108126161149105929

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 12.40%

Sales growth has been subdued in last 3 years 6.46%

Net Profit has been subdued in last 3 years 0.00%

Debt to equity has increased versus last 3 years average to 1.46

Sales growth is not so good in last 4 quarters at 2.95%

Latest Financials - Simmonds Marshall Ltd.

Standalone Consolidated
TTM EPS (₹) 3.7 3.6
TTM Sales (₹ Cr.) 175 189
BVPS (₹.) 31.2 31.2
Reserves (₹ Cr.) 33 33
P/BV 2.34 2.35
PE 19.59 20.36
From the Market
52 Week Low / High (₹) 33.00 / 100.00
All Time Low / High (₹) 0.31 / 154.90
Market Cap (₹ Cr.) 81.8
Equity (₹ Cr.) 2.2
Face Value (₹) 2
Industry PE 45.5

Management X-Ray of Simmonds Marshall:

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 Simmonds Marshall

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
Sales104.31135.14136.13145175.01181.78141.69124.18147.17170.97
Operating Expenses 92.60116.72120.61129.07154.14166.74141.61127.57136.94159.80
Manufacturing Costs23.9831.6834.3335.4545.3247.0140.2330.1533.0240.38
Material Costs43.4448.9050.5955.2561.8365.5952.0950.7754.0367.42
Employee Cost 15.6723.1422.3025.4933.6737.2134.9036.1440.2740.94
Other Costs 9.5213.0113.3912.8713.3216.9314.3910.519.6211.06
Operating Profit 11.7118.4115.5215.9320.8615.050.08-3.3910.2211.18
Operating Profit Margin (%) 11.2%13.6%11.4%11.0%11.9%8.3%0.1%-2.7%6.9%6.5%
Other Income 0.620.390.360.550.800.890.310.470.911.89
Interest 3.313.973.832.863.293.715.418.468.809.01
Depreciation 2.063.754.384.023.964.495.396.547.216.81
Exceptional Items 0000000000
Profit Before Tax 6.9511.097.689.6014.417.74-10.42-17.92-4.88-2.76
Tax 2.563.962.743.264.361.97-2.71-0.0200
Profit After Tax 4.397.134.946.3410.055.77-7.71-17.90-4.88-2.76
PAT Margin (%) 4.2%5.3%3.6%4.4%5.7%3.2%-5.4%-14.4%-3.3%-1.6%
Adjusted EPS (₹)3.96.44.45.79.05.2-6.9-16.0-4.4-2.5
Dividend Payout Ratio (%)13%8%11%9%8%10%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 36.8943.1447.4154.1063.0967.4958.2640.0634.7332.37
Share Capital 2.242.242.242.242.242.242.242.242.242.24
Reserves 34.6540.9045.1751.8660.8565.2556.0237.8232.4930.13
Minority Interest0000000000
Debt28.8831.8228.9428.4424.0534.4042.9348.7546.9441.56
Long Term Debt14.2615.9612.7513.219.7011.9516.8621.8720.4715.33
Short Term Debt14.6215.8716.1915.2314.3522.4526.0726.8726.4726.23
Trade Payables9.5115.1011.8617.0125.0827.6224.3933.5928.5435.60
Others Liabilities 7.6113.069.788.737.817.7431.0371.0870.4761.87
Total Liabilities 82.90103.1397.98108.29120.03137.24156.60193.48180.68171.41

Fixed Assets

Gross Block35.7043.6044.2331.8335.4140.1243.10104.78104.88105.43
Accumulated Depreciation14.3318.0621.863.997.9212.2617.5622.1028.0434.44
Net Fixed Assets21.3725.5422.3727.8427.5027.8525.5582.6976.8370.99
CWIP 000.390.470.950.5918.930.230.020.04
Investments 3.313.453.613.834.074.113.593.493.283.56
Inventories22.2331.6228.6731.3636.4959.2361.5453.1949.4857.56
Trade Receivables26.1532.9332.4237.1746.8937.9117.3425.0923.7723.26
Cash Equivalents 5.165.635.552.901.230.540.850.320.280.16
Others Assets4.683.954.974.722.917.0228.8028.4727.0215.85
Total Assets 82.90103.1397.98108.29120.03137.24156.60193.48180.68171.41

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 8.358.649.329.0110.87-0.4012.587.0713.9613.22
PBT 6.9511.097.689.6014.417.74-10.42-17.92-4.88-2.76
Adjustment 5.347.548.066.116.378.4110.3515.0715.5414.76
Changes in Working Capital -2.22-6.27-2.48-3.09-5.7-13.1912.879.462.831.41
Tax Paid -1.72-3.71-3.93-3.61-4.21-3.36-0.220.460.47-0.20
Cash Flow From Investing Activity -3.66-6.49-1.34-8.22-3.14-5.11-16.55-7.49-3.31-0.75
Capex -3.54-6.52-1.39-8.33-4.04-6.19-16.45-7.75-3.38-1.31
Net Investments 000-0.051.030.95-0.170.160-0.09
Others -0.130.030.060.15-0.130.120.070.100.070.64
Cash Flow From Financing Activity -5.28-1.68-8.06-3.26-8.385.774.110.05-10.67-12.51
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0.471.70-3.210.55-3.512.246.475.94-1.79-4.32
Interest Paid -3.31-3.97-3.83-2.85-3.31-3.63-5.30-6.52-8.23-7.67
Dividend Paid -0.56-0.56-1.120-0.67-0.95-0.68000
Others -1.881.150.09-0.96-0.888.103.620.63-0.65-0.51
Net Cash Flow -0.590.47-0.08-2.47-0.640.260.14-0.38-0.02-0.04
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)12.5217.8110.9112.4817.168.83-12.26-36.41-13.05-8.21
ROCE (%)15.4320.7214.615.0720.0611.71-4.76-9.474.347.52
Asset Turnover Ratio1.451.611.51.411.531.410.960.710.790.97
PAT to CFO Conversion(x)1.91.211.891.421.08-0.07N/AN/AN/AN/A
Working Capital Days
Receivable Days77727988888571626150
Inventory Days696673767196156169127114
Payable Days73929795124147182208210174

Simmonds Marshall Ltd Stock News

Simmonds Marshall Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Simmonds Marshall on 19-Mar-2024 11:30 is ₹71.55.
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 19-Mar-2024 11:30 the market cap of Simmonds Marshall stood at ₹81.84.
The latest P/E ratio of Simmonds Marshall as of 19-Mar-2024 11:30 is 19.59.
The latest P/B ratio of Simmonds Marshall as of 19-Mar-2024 11:30 is 2.34.
The 52-week high of Simmonds Marshall is ₹100.0 and the 52-week low is ₹33.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Simmonds Marshall is ₹174.5 ( Cr.) .

About Simmonds Marshall Ltd

Simmonds Marshall Limited was incorporated in 1960 as a Private Company in technical and financial collaboration with Firth Cleveland Fastenings UK holding 51% of the equity of the company. This shareholding was diluted progressively and the balance of foreign holding was purchased fully by the promoters in 1987.

In 1986, the company went public and is now a quoted company on the stock exchange. The company manufactures a range of Specialized Nylon Insert Self Locking Nuts and other Special Fasteners.

The company has been augmenting its cold forming capacity and can produce over 500 million nuts per annum in a wide range from M4 to M48 diameter and equivalent imperial sizes. These nuts are manufactured either to American, British, Japanese, ISO or Indian Standards in a variety of thread forms and protective finishes.

The company also has a battery of multi-spindle automatic bar turning centres capable of producing related automotive components as well.

The company is fully equipped to supply a wide range of Bolts from our associated companies ranging from M5 to M70.

Product range of the company includes:

  • Cap castle & Coupling Nuts
  • Cleveloc Self-Locking Nut
  • Cold Forged Automotive Components
  • Flange, Cage & Weld Nuts
  • Nalco Self-Locking Nuts
  • U-Nuts & Wheel Nuts
  • Bolts

Clientele:

Simmonds Marshall  caters to the automotive and industrial sectors and supplies to almost all the major Automobile Manufacturers in India as OE suppliers. Furthermore, General Motors, Fiat, Honda, Caterpillar, Suzuki, Leyland, Dana, New Holland are some of the world's finest companies that source their requirements from it.

Achievements/ recognition:

  • An  ISO/TS 16949:2002 certified company
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