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Past 10 year’s financial track record analysis by Moneyworks4me indicates that Smiths & Founders (India) Ltd is a below average quality company.
The key valuation ratios of Smiths & Founders (India) Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
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.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | -8.4% | -6.9% | -10% | -7.3% | 1.4% | -11.4% | -10.2% | 8.7% | 19.2% | 3.2% | - |
| Value Creation Index ⓘ | NA | -1.5 | -1.7 | -1.5 | -0.9 | -1.8 | -1.7 | -0.4 | 0.4 | -0.8 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 6.7 | 6.5 | 7.8 | 7.5 | 8.8 | 10.2 | 8.1 | 8.8 | 11 | 10.5 | 11 |
| Sales YoY Gr. | - | -2.2% | 19.6% | -3.6% | 17.1% | 15.1% | -20.5% | 9.2% | 25.1% | -5.2% | - |
| Adj EPS ⓘ | -2.2 | -0.2 | -0.2 | -0.1 | -0 | -0.1 | -0.1 | 0 | 0.1 | 0 | 0 |
| YoY Gr. | - | NA | NA | NA | NA | NA | NA | NA | 225% | -84.6% | - |
| BVPS (₹) ⓘ | -4.5 | 0.5 | 0.3 | 0.5 | 0.5 | 0.2 | 0.1 | 0.1 | 0.3 | 0.3 | 0.4 |
| Adj Net Profit ⓘ | -1 | -1.8 | -2.1 | -0.7 | -0.1 | -1.1 | -1.1 | 0.4 | 1.3 | 0.2 | 0 |
| Cash Flow from Ops. ⓘ | 0.8 | -1 | 0.3 | -1.8 | -0.2 | -0.3 | -0.4 | 0 | 2.3 | 0.4 | - |
| Debt/CF from Ops. ⓘ | 7.2 | -8.2 | 6.1 | -1.3 | -12.4 | -14.5 | -11.7 | -129.2 | 1.2 | 7.7 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 5.1% | 3.5% | 9% | -5.2% | ||||
| Adj EPS ⓘ | NA | NA | NA | -84.6% | ||||
| BVPSⓘ | NA | -9.1% | 57.1% | 10.7% | ||||
| Share Price | 35.3% | 50.5% | 90.7% | 63.7% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -32 | -17.6 | -22.7 | -12.5 | -1.6 | -23.7 | -31 | 12.2 | 30.5 | 2.1 | 12.1 |
| Op. Profit Mgn % ⓘ | -4.9 | -9.3 | -11.7 | -6.2 | 4.9 | -5 | -4.6 | 10.4 | 16.1 | 7.5 | 7.5 |
| Net Profit Mgn % ⓘ | -14.2 | -27.8 | -27 | -9.1 | -0.9 | -10.5 | -13.2 | 4.5 | 11.7 | 2.3 | 3.6 |
| Debt to Equity ⓘ | -3 | 1.7 | 0.6 | 0.4 | 0.4 | 2.1 | 6.1 | 3.2 | 1 | 0.9 | - |
| Working Cap Days ⓘ | 60 | 130 | 109 | 101 | 113 | 112 | 136 | 143 | 119 | 127 | 38 |
| Cash Conv. Cycle ⓘ | 19 | 61 | 43 | 51 | 80 | 83 | 110 | 120 | 104 | 112 | 24 |
Debt to equity has declined versus last 3 years average to 0.93
Return on Equity has declined versus last 3 years average to 12.10%
Sales growth has been subdued in last 3 years 8.99%
Net Profit has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at 8.53%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 0 | - |
| TTM Sales (₹ Cr.) | 11.3 | - |
| BVPS (₹.) ⓘ | 0.4 | - |
| Reserves (₹ Cr.) ⓘ | -7 | - |
| P/BV ⓘ | 15.59 | - |
| PE ⓘ | 153.98 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 3.00 / 6.63 |
| All Time Low / High (₹) | 0.01 / 21.33 |
| Market Cap (₹ Cr.) | 55.9 |
| Equity (₹ Cr.) | 10.2 |
| Face Value (₹) | 1 |
| Industry PE ⓘ | 39.9 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 6.69 | 6.54 | 7.82 | 7.54 | 8.83 | 10.16 | 8.08 | 8.82 | 11.03 | 10.46 |
| Operating Expenses ⓘ | 7.02 | 7.15 | 8.73 | 8.03 | 8.40 | 10.67 | 8.45 | 7.90 | 9.26 | 9.67 |
| Manufacturing Costs | 1.48 | 1.30 | 1.92 | 2.06 | 2.24 | 3.04 | 1.99 | 1.83 | 2.18 | 1.98 |
| Material Costs | 2.69 | 2.72 | 3.38 | 2.83 | 2.96 | 4.17 | 3.36 | 3.35 | 3.97 | 4.41 |
| Employee Cost | 1.37 | 1.61 | 1.80 | 1.74 | 1.95 | 2.16 | 2.22 | 1.99 | 2.43 | 2.55 |
| Other Costs ⓘ | 1.47 | 1.51 | 1.63 | 1.40 | 1.25 | 1.30 | 0.87 | 0.73 | 0.67 | 0.73 |
| Operating Profit ⓘ | -0.33 | -0.61 | -0.91 | -0.49 | 0.43 | -0.51 | -0.37 | 0.92 | 1.77 | 0.79 |
| Operating Profit Margin (%) | -4.9% | -9.3% | -11.7% | -6.5% | 4.9% | -5.0% | -4.5% | 10.4% | 16.1% | 7.5% |
| Other Income ⓘ | 0.18 | 0.09 | 0.86 | 0.70 | 0.01 | 0.05 | 0.03 | 0.44 | 0.27 | 0.01 |
| Interest ⓘ | 0.65 | 0.89 | 0.98 | 0.19 | 0.26 | 0.29 | 0.40 | 0.43 | 0.35 | 0.32 |
| Depreciation ⓘ | 0.36 | 0.39 | 0.35 | 0.24 | 0.26 | 0.29 | 0.32 | 0.25 | 0.24 | 0.24 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | -1.16 | -1.81 | -1.38 | -0.23 | -0.08 | -1.05 | -1.06 | 0.68 | 1.45 | 0.24 |
| Tax ⓘ | -0.23 | 0 | 0.14 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -0.93 | -1.81 | -1.52 | -0.23 | -0.08 | -1.05 | -1.06 | 0.68 | 1.45 | 0.24 |
| PAT Margin (%) | -13.9% | -27.6% | -19.4% | -3.1% | -0.9% | -10.3% | -13.2% | 7.7% | 13.1% | 2.3% |
| Adjusted EPS (₹) | -2.2 | -0.2 | -0.2 | 0.0 | 0.0 | -0.1 | -0.1 | 0.1 | 0.1 | 0.0 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | -1.94 | 12.80 | 5.81 | 5.16 | 5.08 | 3.97 | 2.92 | 3.55 | 4.91 | 18.27 |
| Share Capital ⓘ | 0.43 | 10.20 | 10.20 | 10.20 | 10.20 | 10.20 | 10.20 | 10.20 | 10.20 | 10.20 |
| Reserves ⓘ | -2.37 | 2.60 | -4.39 | -5.04 | -5.12 | -6.23 | -7.28 | -6.65 | -5.29 | 8.07 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 5.55 | 7.70 | 1.77 | 2.15 | 2 | 3.60 | 4.50 | 4.49 | 2.60 | 2.91 |
| Long Term Debt | 3.02 | 1.25 | 0.81 | 0.69 | 1.39 | 1.19 | 2.63 | 2.72 | 2.60 | 2.05 |
| Short Term Debt | 2.53 | 6.44 | 0.95 | 1.46 | 0.61 | 2.41 | 1.88 | 1.77 | 0 | 0.86 |
| Trade Payables | 0.88 | 0.83 | 1.38 | 0.27 | 0.79 | 0.17 | 0.20 | 0.11 | 0.11 | 0.16 |
| Others Liabilities ⓘ | 10.70 | 0.98 | 0.98 | 0.98 | 1.41 | 1.66 | 1.60 | 1.58 | 1.47 | 1.48 |
| Total Liabilities ⓘ | 15.19 | 22.30 | 9.95 | 8.55 | 9.28 | 9.40 | 9.22 | 9.72 | 9.08 | 22.81 |
Fixed Assets | ||||||||||
| Gross Block | 14.60 | 24.46 | 12.19 | 10.70 | 10.99 | 11.57 | 11.73 | 10.88 | 10.96 | 24.28 |
| Accumulated Depreciation | 3.57 | 5.10 | 4.90 | 4.85 | 5.12 | 5.29 | 5.56 | 5.07 | 5.28 | 5.53 |
| Net Fixed Assetsⓘ | 11.03 | 19.36 | 7.29 | 5.85 | 5.87 | 6.28 | 6.17 | 5.81 | 5.67 | 18.76 |
| CWIP ⓘ | 1.85 | 0 | 0.05 | 0 | 0.03 | 0.06 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventories | 1.35 | 1.43 | 0.98 | 1.02 | 1.96 | 1.66 | 1.68 | 1.87 | 2.36 | 2.58 |
| Trade Receivables | 0.45 | 1.07 | 0.98 | 1.14 | 0.99 | 0.94 | 0.99 | 1.63 | 0.64 | 1.16 |
| Cash Equivalents | 0.04 | 0.01 | 0.29 | 0.34 | 0.13 | 0.06 | 0.01 | 0.01 | 0.08 | 0.04 |
| Others Assetsⓘ | 0.45 | 0.43 | 0.36 | 0.21 | 0.29 | 0.39 | 0.38 | 0.39 | 0.33 | 0.28 |
| Total Assets ⓘ | 15.19 | 22.30 | 9.95 | 8.55 | 9.28 | 9.40 | 9.22 | 9.72 | 9.08 | 22.81 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 0.80 | -0.98 | 0.31 | -1.80 | -0.18 | -0.27 | -0.40 | -0.04 | 2.28 | 0.38 |
| PBT ⓘ | -1.16 | -1.81 | -1.38 | -0.23 | -0.08 | -1.05 | -1.06 | 0.68 | 1.45 | 0.24 |
| Adjustment ⓘ | 0.95 | 1.11 | 0.48 | -0.22 | 0.50 | 0.55 | 0.71 | 0.26 | 0.31 | 0.56 |
| Changes in Working Capital ⓘ | 1.01 | -0.28 | 1.28 | -1.28 | -0.59 | 0.28 | -0.05 | -0.98 | 0.52 | -0.42 |
| Tax Paid ⓘ | 0 | 0 | -0.07 | -0.07 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | -0.33 | 0.05 | 7.05 | 1.64 | -0.34 | -0.75 | -0.16 | 0.47 | 0.08 | -0.21 |
| Capex | -0.36 | 0.03 | 7.04 | 1.47 | -0.31 | -0.73 | -0.15 | 0.44 | 0.07 | -0.22 |
| Net Investments | 0 | 0 | 0 | 0.15 | -0.03 | -0.03 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0.03 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | -0.02 | 0.02 | 0.01 | 0.01 |
| Cash Flow From Financing Activityⓘ | -0.45 | 0.89 | -7.08 | 0.22 | -0.30 | -0.41 | 0.60 | -0.33 | -0.51 | -0.22 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | -0.65 | -0.88 | -0.96 | -0.19 | -0.24 | -0.28 | -0.39 | -0.42 | -0.34 | -0.31 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0.20 | 1.77 | -6.12 | 0.40 | -0.06 | -0.13 | 0.99 | 0.09 | -0.16 | 0.10 |
| Net Cash Flow ⓘ | 0.02 | -0.03 | 0.28 | 0.05 | -0.81 | -1.43 | 0.03 | 0.10 | 1.85 | -0.05 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | N/A | -127.91 | -37.99 | -5.5 | -1.6 | -30.43 | -81.99 | 60.66 | 66.48 | 8.07 |
| ROCE (%) | N/A | -6.91 | -4.44 | -0.62 | 2.41 | -11.65 | -11.9 | 18.92 | 30.18 | 9.57 |
| Asset Turnover Ratio | 0.9 | 0.39 | 0.54 | 0.91 | 1.02 | 1.09 | 0.87 | 0.94 | 1.17 | 0.66 |
| PAT to CFO Conversion(x) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -0.06 | 1.57 | 1.58 | Working Capital Days |
| Receivable Days | 22 | 38 | 43 | 46 | 43 | 35 | 43 | 54 | 38 | 31 |
| Inventory Days | 66 | 69 | 50 | 43 | 60 | 65 | 75 | 73 | 70 | 86 |
| Payable Days | 119 | 115 | 119 | 106 | 65 | 42 | 20 | 17 | 10 | 11 |
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:
Achievements/ recognition:
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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