Smiths & Founders (India) Ltd Stock Analysis

BSE: 513418 | NSE: | Forgings | Small Cap

BSE Share Price 27-Jan-2023 18:01
4.20 -0.06 (-1.41%)

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Smiths & Founders Price Chart

P/E Ratio ( SA) :
44.72
Market Cap :
42.8 Cr.
52-wk low :
4.1
52-wk high :
8.9
Bole Toh?

1. Is Smiths & Founders (India) Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Smiths & Founders (India) Ltd is a below average quality company.

2. Is Smiths & Founders (India) Ltd undervalued or overvalued?

The key valuation ratios of Smiths & Founders (India) Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Smiths & Founders (India) Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Smiths & Founders (India) 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 Smiths & Founders:

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.
Smiths & Founders (India) 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'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 16.8%-8.4%-6.9%-10%-7.3%1.4%-11.4%-10.2%8.7%19.2%-
Value Creation Index NANA-1.5-1.7-1.5-0.9-1.8-1.7-0.40.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 06.76.57.87.58.810.28.18.81110
YoY Gr. Rt. %-NA-2.2%19.6%-3.6%17.1%15.1%-20.5%9.2%25.1%-
Adj EPS -0.1-2.2-0.2-0.2-0.1-0-0.1-0.100.10.1
YoY Gr. Rt. %-NANANANANANANANA225%-
BVPS (₹) -0.4-4.50.50.30.50.50.20.10.10.31.6
Adj Net Profit -0.3-1-1.8-2.1-0.7-0.1-1.1-1.10.41.31
Cash Flow from Ops. 00.8-10.3-1.8-0.2-0.3-0.402.3-
Debt/CF from Ops. 07.2-8.26.1-1.3-12.4-14.5-11.7-129.21.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA7.9%2.8%25.1%
Adj EPS NANANA225%
BVPS 0-11.315.9100
Share Price 35.6% 54.3% 85.3% -49%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 16.8-32-17.6-22.7-12.5-1.6-23.7-3112.230.59.6
Op. Profit Mgn % 0-4.9-9.3-11.7-6.24.9-5-4.610.416.111.9
Net Profit Mgn % 0-14.2-27.8-27-9.1-0.9-10.5-13.24.511.79
Debt to Equity 0-31.70.60.40.42.16.13.210.1
Working Cap Days 060130109101113112136143119122
Cash Conv. Cycle 019614351808311012010484

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 9.60%

Debt to equity has declined versus last 3 years average to 0.98

Sales growth has been subdued in last 3 years 2.78%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at -10.51%

Latest Financials - Smiths & Founders (India) Ltd.

Standalone Consolidated
TTM EPS (₹) 0.1 -
TTM Sales (₹ Cr.) 10.2 -
BVPS (₹.) 1.6 -
Reserves (₹ Cr.) 6 -
P/BV 2.65 -
PE 44.72 -
From the Market
52 Week Low / High (₹) 4.05 / 8.94
All Time Low / High (₹) 0.01 / 21.33
Market Cap (₹ Cr.) 42.8
Equity (₹ Cr.) 10.2
Face Value (₹) 1
Industry PE 31.3

Management X-Ray of Smiths & Founders :

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 Smiths & Founders

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Smiths & Founders (India) Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Smiths & Founders on 27-Jan-2023 18:01 is : 4.20.
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 27-Jan-2023 18:01 the market cap of Smiths & Founders stood at ₹ 42.84.
The latest PE ratio of Smiths & Founders as of 27-Jan-2023 18:01 is 44.72.
The latest PB ratio of Smiths & Founders as of 27-Jan-2023 18:01 is 2.65
The 52-week high of Smiths & Founders is ₹ 8.94 and the 52-week low is ₹ 4.05.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Smiths & Founders is ₹ 10.24 ( Cr.) .

About Smiths & Founders (India) Ltd

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
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