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Sturdy Industries Ltd - Stock Valuation and Financial Performance

BSE: 530611 | NSE: | Plastic Products | Small Cap

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Sturdy Industries Share Price

 ₹0.53 0.02 3.92%
as on 25-Apr'24 16:01

DeciZen - make an informed investing decision on Sturdy Industries

M-Cap below 100cr DeciZen not available

Sturdy Industries stock performance -

PE Chart Key Ratios
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P/E Ratio (SA):
0.00
Market Cap:
8 Cr.
52-wk low:
0.4
52-wk high:
0.7

Is Sturdy Industries Ltd an attractive stock to invest in?

1. Is Sturdy Industries Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Sturdy Industries Ltd is a below average quality company.

2. Is Sturdy Industries Ltd undervalued or overvalued?

The key valuation ratios of Sturdy Industries Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

3. Is Sturdy Industries Ltd a good buy now?

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

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Standalone Basis P Consolidated Basis
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.
Sturdy Industries 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % ⓘ-3.7%-2.6%2%1.2%-6.8%-1%-48.9%-8.1%-1.2%-4.5%-
Value Creation
Index ⓘ		-1.3-1.2-0.9-0.9-1.5NANANANANA-

Growth Parameters ⓘ

Growth Parameters Colour Code Guide ⓘ

Sales ⓘ84243142439921018512251.212.13.41
Sales YoY Gr.--48.8%-1.7%-5.9%-47.3%-11.8%-34.1%-58.1%-76.4%-72%-
Adj EPS ⓘ-3.4-3.2-1.6-0.3-1.4-0.5-6.6-1.4-0.1-0.4-0.5
YoY Gr.-NANANANANANANANANA-
BVPS (₹) ⓘ5.52.21.51.60.2-1-11.5-13.4-13.2-13.4-14
Adj Net
Profit ⓘ		-22-20.8-11.7-3.9-21.5-6.9-99.4-20.5-1.8-5.7-8
Cash Flow from Ops. ⓘ2.1-67.817.716.908.118.6-35.34.5-1.6-
Debt/CF from Ops. ⓘ101.6-3.514.714.3030.79.4-6.346.2-131-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ-45.8%-56.2%-69.7%-72%
Adj EPS ⓘNANANANA
BVPSⓘ-210.5%-334.4%NANA
Share Price -11% 12.1% 11.7% 29.3%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity % ⓘ		-37.1-54.9-43-11.6-71.9-68.145034.22.47.13.8
Op. Profit
Mgn % ⓘ		0.20.52.60.8-18-2.7-91.8-24-84.2-174.8-1247.2
Net Profit
Mgn % ⓘ		-2.6-4.8-2.8-1-10.2-3.7-81.5-40-15-167.8-1123.6
Debt to
Equity ⓘ		5.814.520.19.253.4-18.8-3.1-2.6-2.5-2.4-
Working Cap
Days ⓘ		952072182313674394535581,8585,5331,55,559
Cash Conv.
Cycle ⓘ		571261431572673222542131,0853,482-2,69,227

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 3.80%

Sales growth has been subdued in last 3 years -69.71%

Sales growth is not so good in last 4 quarters at -64.53%

Latest Financials - Sturdy Industries Ltd.

Standalone Consolidated
TTM EPS (₹) -0.5 -
TTM Sales (₹ Cr.) 0.7 -
BVPS (₹.) ⓘ -14 -
Reserves (₹ Cr.) ⓘ -242 -
P/BV ⓘ -0.04 -
PE ⓘ 0.00 -
From the Market
52 Week Low / High (₹) 0.37 / 0.69
All Time Low / High (₹) 0.22 / 11.80
Market Cap (₹ Cr.) 8
Equity (₹ Cr.) 30.3
Face Value (₹) 2
Industry PE ⓘ 36.9

Management X-Ray of Sturdy Industries:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *76.1576.1576.1576.1550.740.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Valuation of Sturdy Industries

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Analyst's Notes

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Key Ratios of Sturdy Industries

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
Standalone Basis Consolidated Basis
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales841.56431423.73398.58210.06185.25122.0351.1912.093.39
Operating Expenses ⓘ 839.72429.07412.82395.28247.85190.25234.0866.3122.279.33
Manufacturing Costs6.814.408.638.485.3152.841.240.970.67
Material Costs828.49418.55398.37380.70212.66169.89131.9851.1010.294
Employee Cost 1.742.052.433.052.882.8432.122.111.70
Other Costs ⓘ 2.694.073.383.052712.5296.2611.848.912.95
Operating Profit ⓘ 1.831.9310.923.31-37.79-5-112.05-15.12-10.18-5.93
Operating Profit Margin (%) 0.2%0.4%2.6%0.8%-18.0%-2.7%-91.8%-29.5%-84.2%-174.0%
Other Income ⓘ 1.561.755.2811.3522.1210.2225.541.418.330.21
Interest ⓘ 18.4819.9624.4910.513.465.979.3413.350.230
Depreciation ⓘ 4.999.658.776.866.023.253.333.032.772.51
Exceptional Items ⓘ 00000-16.26-84.29-9.7802.10
Profit Before Tax ⓘ -20.08-25.93-17.06-2.72-25.14-20.25-183.46-39.86-4.86-6.13
Tax ⓘ 1.85-5.32-5.321.21-3.64-1.99-25.04-10.54-8.45-1.91
Profit After Tax -21.93-20.62-11.74-3.93-21.51-18.26-158.42-29.323.59-4.22
PAT Margin (%) -2.6%-4.8%-2.8%-1.0%-10.2%-9.9%-129.0%-57.3%29.7%-124.0%
Adjusted EPS (₹)-3.4-3.2-1.6-0.3-1.4-1.2-10.5-1.90.2-0.3
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
Standalone Basis Consolidated Basis
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 48.3127.3727.2640.7119.131.08-45.27-74.67-78.07-83.42
Share Capital ⓘ 14.8614.8616.8232.2532.2532.25146.85146.85146.85146.85
Reserves ⓘ 33.4512.5110.448.46-13.12-31.17-192.12-221.52-224.92-230.27
Minority Interest0000000000
Debt215.19235.78254.83230.23256.58249.64174.29221.70209.88206.18
Long Term Debt77.05165.22163.94135.53131.96131.62140.47149.8921.5721.57
Short Term Debt138.1470.5690.8994.70124.61118.0233.8271.81188.31184.61
Trade Payables75.8879.4660.0742.0321.2331.4442.728.510.290.49
Others Liabilities ⓘ 13.978.7619.1319.425.032.61-22.26-32.95-38.95-43.65
Total Liabilities ⓘ 353.35351.37361.29332.39301.97284.77149.48122.5993.1479.61

Fixed Assets

Gross Block116.18121.46124.72121.81121.40121.46115.1897.2186.3279.80
Accumulated Depreciation27.7337.3943.9752.9158.9362.1762.7652.1552.5650.55
Net Fixed Assetsⓘ 88.4584.0880.7568.9062.4759.2952.4245.0533.7729.25
CWIP ⓘ 0.920.920.9211.071.641.641.641.641.64
Investmentsⓘ 0.160.160.510.310.310.310.310.310.310.31
Inventories74.9263.9988.5643.4529.3233.248.724.413.150.35
Trade Receivables157.69177.55159.32176.04173.45142.9654.4838.8931.7529.83
Cash Equivalents 13.988.868.318.797.468.657.027.282.610.33
Others Assetsⓘ 17.2315.8122.9233.9127.8938.6924.8825.0119.9217.90
Total Assets ⓘ 353.35351.37361.29332.39301.97284.77149.48122.5993.1479.61

Cash Flow

(All Figures are in Crores.)
Standalone Basis Consolidated Basis
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity ⓘ 2.12-67.7617.6616.8908.1218.56-35.294.54-1.57
PBT ⓘ -20.08-25.93-17.06-2.720-20.25-183.46-39.86-4.86-8.24
Adjustment ⓘ 23.4729.6133.0117.2709.3663.7719.151.692.50
Changes in Working Capital ⓘ -1.27-71.441.722.46019.01138.25-14.587.714.16
Tax Paid ⓘ 000-0.13000000
Cash Flow From Investing Activity ⓘ -0.20-5.6513.987.090-0.632.611.499.583
Capex -0.20-5.60000-0.632.611.499.583
Net Investments 0000000000
Others ⓘ 0-0.0413.987.09000000
Cash Flow From Financing Activityⓘ 1.4368.28-34.62-23.500-6.31-22.7934.06-18.79-3.71
Net Proceeds from Shares ⓘ 00015.43000000
Net Proceeds from Borrowing ⓘ 23.2888.17-9.74-28.410-0.3431.649.42-128.320
Interest Paid ⓘ -18.48-19.96-24.49-10.510-5.97-84.84-13.3500
Dividend Paid ⓘ 0000000000
Others ⓘ -3.370.07-0.3800030.4037.99109.53-3.70
Net Cash Flow ⓘ 3.35-5.12-2.970.4801.19-1.630.27-4.67-2.28

Finance Ratio

Standalone Basis Consolidated Basis
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-47.46-83.31-93.17-22.24-158.240N/AN/AN/AN/A
ROCE (%)-0.69-2.362.832.88-8.2-5.74N/AN/AN/AN/A
Asset Turnover Ratio2.621.271.241.190.760.630.560.380.110.04
PAT to CFO Conversion(x)N/AN/AN/AN/AN/AN/AN/AN/A1.26N/A
Working Capital Days
Receivable Days561371391482653122953331,0663,311
Inventory Days3357635855626347114188
Payable Days32686449545710318315636

Sturdy Industries Ltd Stock News

Sturdy Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Sturdy Industries on 25-Apr-2024 16:01 is ₹0.53.
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 25-Apr-2024 16:01 the market cap of Sturdy Industries stood at ₹8.02.
The latest P/E ratio of Sturdy Industries as of 25-Apr-2024 16:01 is 0.00.
The latest P/B ratio of Sturdy Industries as of 25-Apr-2024 16:01 is -0.04.
The 52-week high of Sturdy Industries is ₹0.69 and the 52-week low is ₹0.37.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Sturdy Industries is ₹0.70 ( Cr.) .

About Sturdy Industries Ltd

Sturdy Industries, incorporated in 1989, is part of the Chemiplast Group of companies. The company is listed on the Bombay Stock Exchange ( BSE) with share capital of Rs 6.08 crore divided into 60.80 lakh shares of Rs 10 each. Sturdy Industries' manufacturing facilities are located at Parwanoo & Baddi (Himachal Pradesh) and Derabassi (Punjab)

The company is selling its products in domestic market to private customers and government organizations all over India. The products are being marketed by company's staff directly at various locations like Delhi, Pune, Bangalore and through dealers, distributors, sales agents at other locations in India and abroad.

Products

  • Aluminium Composite Panels used in IT parks, malls, hotels, petrol pumps, etc.
  • ACC Roofing Sheets used in godowns, low cost housing.
  • Proposed Project for PU Sandwich Panel used in telecom shelters, cold storage, construction, pre-engineered buildings.
  • Power Transmission & Distribution Aluminium Conductors - AAC, AAAC, ACSR, ABC.
  • Aluminium Wire Rods, Alloy Wire Rods for manufacturing cables and conductors, flipped wire rods for use in deoxidisation in steel plants.
  • Optical Fibre Cable Ducts.

The company is also exporting the products to overseas markets like UAE, Europe, Africa, Egypt and Australia with regular customers and repeat orders.

Sturdy Industries is in the process of setting up a hydel power project in Himachal Pradesh. It is also setting up a 200 MW gas-based power project in Punjab.

Certifications

Sturdy Industries is ISO 9002 and ISO 9001:2000 certified and is registered with many government agencies/departments.   

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