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Smiths & Founders (India) Ltd. Stock Analysis

Small Cap
Evaluated by 93 users | BSE: 513418 | NSE: |
Forgings
Shimoga Technologies Limited, established in 1982, is a Listed Public Limited Company.  The shares of the company are listed on the Bombay Stock Exchange.  The registered office of the company is located at Bangalore.  The company is having two manufacturing units. Unit-I at...

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 -19.85%-5.4%0.61%16.8%-8.38%-6.91%-9.99%-7.29%1.36%-11.44%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 00006.76.57.87.58.810.2
Y-o-Y Gr. Rt.-NANANANA-2.2%19.6%-3.6%17.1%15.1%
Adjusted EPS (Rs.) -0.010.010-0.07-2.2-0.18-0.21-0.07-0.01-0.11
Y-o-Y Gr. Rt.-NA-100%NANANANANANANA
Book Value per Share (Rs.) -0.38-0.37-0.37-0.44-4.480.470.320.510.50.39
Adjusted Net Profit 000-0.3-1-1.8-2.1-0.7-0.1-1.1
Net Op. Cash Flow (Rs. Cr.) 1.80000.8-10.3-1.8-0.2-0.3
Debt to Cash Flow from Ops 00007.24-8.186.05-1.25-12.4-14.46
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.
Smiths & Founders (India) Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales NA8.7%9.1%15.1%
Adjusted EPS NANANANA
Book Value per Share 006.8-22
Share Price 7.2% -37% -8.5% 245%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 2.64-2.460.6116.82-32.04-17.6-22.67-12.48-1.6-23.67
Operating Profit Margin (%) 0000-4.86-9.33-11.68-6.244.88-5
Net Profit Margin (%) 0000-14.2-27.77-26.98-9.08-0.93-10.54
Debt to Equity 0000-2.961.680.570.440.430.97
Working Capital Days 000060130109101113112
Cash Conversion Cycle 0000196143518083
Entity Percentage Holding
Promoters 28.31%
Institutions 0.01%
Non-Institutions 71.69%
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 Smiths & Founders's performance infers:

Smiths & Founders earnings have grown by 0%, whereas share price has depreciated -37% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Smiths & Founders share prices over the last 10 years. Here is what we found out:

Smiths & Founders share price has depreciated 3.7% annually over the past ten years.

Shimoga Technologies Limited, established in 1982, is a Listed Public Limited Company.  The shares of the company are listed on the Bombay Stock Exchange.  The registered office of the company is located at Bangalore.  The company is having two manufacturing units. Unit-I at Shimoga and unit-II at Tiptur. Unit-I  is a well, equipped forging Unit while the  Unit-II   is an expansion project for enhancing its capacity.

The company is engaged in

Shimoga Technologies Limited, established in 1982, is a Listed Public Limited Company.  The shares of the company are listed on the Bombay Stock Exchange.  The registered office of the company is located at Bangalore.  The company is having two manufacturing units. Unit-I at Shimoga and unit-II at Tiptur. Unit-I  is a well, equipped forging Unit while the  Unit-II   is an expansion project for enhancing its capacity.

The company is engaged in manufacturing small, precision and intricate steel forgings.The quality system procedures of the company confirms to ISO -9002 standards.

The company has exposure to automobile, agriculture, mining, power transmission and general engineering industries.the company has plans to expand its exposure to other industries such as railways, textile, chemical, cement and steel both on original equipment manufacturers end as well as replacement market end.

The company has been exporting its products and the quality system procedures of the company confirms to international standards.

The company has, well established customer  clientele. Presently market leaders like, Telco, Leyland, Widia, Rane-Madras, etc are mainly consuming its products.The current market trend is to buy fully finished products so as to directly use them in the assembly lines.Keeping in view the changing market scenerio the company proposes to establish in house machining facility and supply fully finished components to the customers.

Shimoga Technologies is fully equipped to manufacture good quality steel forgings. A well planned inward store to receive and stock all the raw materials and consumables, a well equipped laboratory to test the incoming materials, two billet shearing presses, a battery of power hacksaws, a well equipped forge shop with three drop hammers of 500 kg, 750 kg and 1000 kg capacity, three trimming presses of 100 tonnes and 150 tonnes capacity, three coining presses of 200 tonnes and 300 tonnes capacity, a state-of-the-art heat treatment shop with three heat treatment furnaces, a modern tool room equipped with lathes, drilling machines, shaper, electric discharge machine, engraving machine and pneumatic grinders, a well equipped  fettling and shot blasting section consisting of a battery of bench grinders and flexible shaft grinders and three shot blasting machines, a vigilent  inspection and quality assurance wing equipped with precision instruments and gauges to ensure product quality,  a computerised  drawing and design section, an automated office section are all in place to ensure customer service of established  standards.

Product range of the company includes:

  • The company is engaged in manufacturing small, precision and intricate steel forgings used in following areas of application:
  • Automotive – Rocker Arms, Connecting Rods, Tie Rod Ends, Yokes, Spider, Clutch Hub, Clutch Release Levers.
  • Hydraulic – Valve Bodies, Rod Eye ends, Elbows and Ports.
  • Engineering – Gear Blanks, Wheel dressers, High tensile Insulator Pins, Insulator Hooks.
  • Agricultural Implements – Rotary Tynes (Wet and Dry), Rotovator Shovels, Cultvator Blades. 
  • Mining Tools – Coal Augurs, Rotary Drill Bits, Mining Picks.

Achievements/ recognition:

  • An ISO 9001:2000 certified company
  • TS 16949:2002 certification under process
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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