Sanghvi Forging & Engineering Ltd Stock Analysis

BSE: 533411 | NSE: SANGHVIFOR | Forgings | Small Cap

BSE Share Price Apr 30, 18:03
16.50 0.00 (0.00%)

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10 Year X-Ray:

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

Value Creation Index Colour Code Guide
Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20TTM
ROCE % 17.9%8.6%3.3%-1%2.1%0.7%-6.8%-9%-9.6%-3.8%-
Value Creation Index 0.3-0.4-0.8-1.1-0.9-1.0-1.5NANANA-

Growth Parameters

Growth Parameters Colour Code Guide
Sales 40.250.745.253.887.168.455.454.761.259.650
YoY Gr. Rt. %-26.1%-10.8%19%61.9%-21.6%-18.9%-1.3%11.8%-2.7%-
Adj EPS 4.93.70.9-5.9-5.7-6.8-15.1-15.7-13.4-3.6-10.2
YoY Gr. Rt. %--24.8%-76.2%-771.6%NANANANANANA-
BVPS (₹) 22.646.847.941.635.629.514.4-1.2-14.6-18.2-23.4
Adj Net Profit 3.94.71.1-7.9-7.9-10.2-22.6-23.4-19.9-5.4-15
Cash Flow from Ops. 7.313.94611.4-38.820.515.434.926.4-58.1-
Debt/CF from Ops. 2.22.81.36.4-3.46.28.23.23.7-2.5-

CAGR

CAGR Colour Code Guide
9 Years 5 Years 3 Years 1 Years
Sales 4.5%-7.3%2.4%-2.7%
Adj EPS -196.7%NANANA
BVPS -197.6-187.4-2080
Share Price -4.5% -17.8% -16.8% -28.3%

Key Financial Parameters

Performance Ratio Colour Code Guide
Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20TTM
Return on Equity % 26.212.11.9-13.5-14.8-21.5-68.9-237.5169.522.248.9
Op. Profit Mgn % 19.916.714.511.518.520.15.32.96.78.7-12.6
Net Profit Mgn % 9.89.32.5-14.6-9-14.9-40.7-42.8-32.5-9.1-30.5
Debt to Equity 0.90.711.32.62.95.9-63.7-4.5-5.3-
Working Cap Days 2032623042121652352713062823020
Cash Conv. Cycle 224514510461931161311081040

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to %

Sales growth has been subdued in last 3 years %

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

Latest Financials - Sanghvi Forging & Engineering Ltd.

Standalone Consolidated
TTM EPS (₹) -10.2 -10.2
TTM Sales (₹ Cr.) 49.6 49
BVPS (₹.) -23.4 -24.1
Reserves (₹ Cr.) -50 -51
P/BV -0.70 -0.69
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 15.50 / 31.70
All Time Low / High (₹) 13.70 / 144.90
Market Cap (₹ Cr.) 24.6
Equity (₹ Cr.) 14.9
Face Value (₹) 10
Industry PE 44.3

Management X-Ray:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *53.3953.3853.3863.2963.2963.2763.2763.2763.2059.15
* Pledged shares as % of Promoter's holding (%)

Event Update

Analyst's Notes

News

About Sanghvi Forging & Engineering Ltd

Sanghvi Forging and Engineering incorporated in 1989, is a manufacturer and exporter of forging products for the non-automotive sector. The company has an installed capacity of 3600 MTPA for manufacturing of forged flanges and precision machined components (with single piece forging up to 4 MT) in the area of open and closed die forgings. The company manufactures forged flanges, forgings and machined components for various industries like oil & gas, fertilizers, power, desalination & water treatment, ship building, defence, fabrication of process equipments, instrumentation etc. It is also capable of manufacturing both standardized as well as customized products.

The company’s existing manufacturing plant consists of forging shop, die shop, heat treatment shop, conventional and CNC machining shop backed by related quality assurance equipments. Presently, it is using steam hammer technology for the open die forging and can produce single forged piece upto 4 MT. The key factor in its forging business is the vendor/consultant approval, given the critical end use of the product. It has, in the last few years, been successful in obtaining various such approvals in both the domestic and international markets. It shares a good client relationship worldwide where it receive majority of the business from repeat clients.

The company’s products have been inspected and accepted by third party inspection agencies like Lloyds (LRIS), BVIS, SGS, TOYO, PDIL, DNV, ABS, TICB, UHDE India, DAE, NPCIL, etc. The quality of its products has been certified to be satisfactory in third party inspections. The company has also established market for its products overseas. It regularly exports various countries mainly to Europe, Middle East and Canada.

Product of the company

  • Open Die Forgings
  • Forged Flanges
  • Closed Die Forgings
  • Machined Components
  • Heavy Forging

Milestones

  • 1992: Set-up the existing factory at 244/6-7 GIDC Industrial Estate, Waghodia District, Vadodara with an installed capacity of 300 MTPA for close die forgings
  • 1996: Obtained its first major approval from the Technical Development Committee of India
  • 2002: Obtained Canadian Registration Number (CRN) for 13 provinces of Canada enabling us to market the products in Canada
  • 2003: Selected by Center for Promotion of Imports from Developing Countries, Netherlands, to promote the products in European Union
  • 2005: Approved by SHELL to supply materials for various projects in India
  • 2005: Enhancement of closed die forging installed capacity upto 1200 MTPA
  • 2006: Establishment of new open die forging plant with an installed capacity of an installed capacity of 2400 MTPA
  • 2006: Allotted land at Waghodia Industrial Estate, near existing factory land for New Project
  • 2008: Implementation of SAP-Enterprise resource planning
  • 2009: Obtained approval from GE, PDIL and EIL
  • 2009: Obtained approval from Kuwait National Petroleum Corporation (KNPC), Mazgaon Dock and IBR
  • 2010: Placed firm order for import of forging press and manipulator for New Project
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