Srivasavi Adhesive Tapes Ltd - Stock Valuation and Financial Performance

BSE: 0 | NSE: SRIVASAVI | Plastic Products | Small Cap

BSE Share Price
Not Listed

DeciZen - make an informed investing decision on Srivasavi Adhesive

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Srivasavi Adhesive Tapes stock performance -

mw4me loader
P/E Ratio (SA):
45.52
Market Cap:
164.8 Cr.
52-wk low:
0
52-wk high:
0

Is Srivasavi Adhesive Tapes Ltd an attractive stock to invest in?

1. Is Srivasavi Adhesive Tapes Ltd a good quality company?

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

2. Is Srivasavi Adhesive Tapes Ltd undervalued or overvalued?

The key valuation ratios of Srivasavi Adhesive Tapes Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Srivasavi Adhesive Tapes Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Srivasavi Adhesive Tapes 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 Srivasavi Adhesive:

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.
Srivasavi Adhesive Tapes 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'20Mar'21Mar'22Mar'23TTM
ROCE % 6.7%5%7.5%8.7%7.4%6.5%15.4%19%27%16.5%-
Value Creation
Index
-0.5-0.7-0.5-0.4-0.5-0.50.10.40.90.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 10.21417.121.224.335.84655.363.459.259
Sales YoY Gr.-37.3%22%24%14.8%47.1%28.7%20.1%14.8%-6.7%-
Adj EPS 0.20.30.10.20.20.31.21.93.42.52.6
YoY Gr.-36.8%-76.9%183.3%-5.9%56.3%368%59%82.8%-25.9%-
BVPS (₹) 1.61.92.22.22.63.156.810.520.320.3
Adj Net
Profit
0.20.20.10.20.20.31.21.93.53.64
Cash Flow from Ops. 0001.1002.85-1.9-0.1-
Debt/CF from Ops. 0003.7002.10.8-3.1-18.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 21.6%19.5%8.8%-6.7%
Adj EPS 33.3%73.6%29.1%-25.9%
BVPS32.3%50.7%60%93.3%
Share Price - - - 45.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
14.814.63.18.86.68.628.931.639.21812.6
Op. Profit
Mgn %
3.134.53.13.23.765.59.19.6NAN
Net Profit
Mgn %
1.41.50.30.80.70.72.63.55.666.1
Debt to
Equity
1.22.62.51.8221.10.60.60.1-
Working Cap
Days
11612412579120118114991021680
Cash Conv.
Cycle
6,1864,26774295650432732640

Recent Performance Summary

Net Profit is growing at healthy rate in last 3 years 29.14%

Return on Equity has declined versus last 3 years average to 12.60%

Sales growth has been subdued in last 3 years 8.76%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Srivasavi Adhesive Tapes Ltd.

Standalone Consolidated
TTM EPS (₹) 2.6 -
TTM Sales (₹ Cr.) 59.2 -
BVPS (₹.) 20.3 -
Reserves (₹ Cr.) 15 -
P/BV 5.73 -
PE 45.52 -
From the Market
52 Week Low / High (₹) 0.00 / 0.00
All Time Low / High (₹) - / -
Market Cap (₹ Cr.) 165
Equity (₹ Cr.) 14.2
Face Value (₹) 10
Industry PE 37.3

Management X-Ray of Srivasavi Adhesive:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Srivasavi Adhesive

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'20Mar'21Mar'22Mar'23
Sales10141721243646556359
Operating Expenses 10141620243443525854
Manufacturing Costs0012224512
Material Costs001315182835414742
Employee Cost 0011122356
Other Costs 101312222244
Operating Profit 0011113366
Operating Profit Margin (%) 3.1%3.0%4.5%3.1%3.2%3.7%6.0%5.5%9.1%9.5%
Other Income 0001110001
Interest 0011101001
Depreciation 0000011111
Exceptional Items 0000000000
Profit Before Tax 0000112355
Tax 0000001111
Profit After Tax 0000011244
PAT Margin (%) 1.4%1.5%1.4%1.2%1.8%1.6%2.6%3.5%5.7%6.1%
Adjusted EPS (₹)0.20.30.30.30.40.51.21.93.52.6
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 112233571129
Share Capital 11111111114
Reserves 011112461015
Minority Interest0000000000
Debt2444575462
Long Term Debt0111211041
Short Term Debt1333455330
Trade Payables22234781099
Others Liabilities 0000111212
Total Liabilities 57910131820232741

Fixed Assets

Gross Block1233348101112
Accumulated Depreciation0000003445
Net Fixed Assets1223345667
CWIP 0000000000
Investments 0000000000
Inventories12223454810
Trade Receivables2344599101012
Cash Equivalents 0000000200
Others Assets00001111212
Total Assets 57910131820232741

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 00010035-20
PBT 0000002355
Adjustment 0001001111
Changes in Working Capital 000-000-02-7-4
Tax Paid 0000000-1-1-2
Cash Flow From Investing Activity 000-100-1-2-1-9
Capex 000-100-1-20-3
Net Investments 00000000-1-7
Others 0000000000
Cash Flow From Financing Activity 000000-2-229
Net Proceeds from Shares 00000000014
Net Proceeds from Borrowing 0000000000
Interest Paid 000-100-1000
Dividend Paid 0000000000
Others 000000-1-22-4
Net Cash Flow 00000001-20
PARTICULARSMar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)16.8914.5714.7512.8717.0518.5928.8631.6240.2118.26
ROCE (%)10.067.6215.7814.7616.3713.6124.9325.9637.9423.1
Asset Turnover Ratio2.482.282.133.222.172.372.422.572.551.73
PAT to CFO Conversion(x)N/AN/AN/AN/AN/A032.5-0.50
Working Capital Days
Receivable Days67728052737373655970
Inventory Days38413924353435283455
Payable Days-1,1724,3215461677179827476

Srivasavi Adhesive Tapes Ltd Stock News

Srivasavi Adhesive Tapes Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Srivasavi Adhesive on 01-Jan-1970 05:30 is ₹0.00.
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 01-Jan-1970 05:30 the market cap of Srivasavi Adhesive stood at ₹164.8.
The latest P/E ratio of Srivasavi Adhesive as of 01-Jan-1970 05:30 is 45.52.
The latest P/B ratio of Srivasavi Adhesive as of 01-Jan-1970 05:30 is 5.73.
The 52-week high of Srivasavi Adhesive is ₹0.00 and the 52-week low is ₹0.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Srivasavi Adhesive is ₹59.18 ( Cr.) .

About Srivasavi Adhesive Tapes Ltd

Srivasavi Adhesive Tapes is an ISO 9001:2015 certified company certified by TUV Nord and it has two business divisions (i) domestic sales; and (ii) exports. It has presence in many states for its domestic market sales. Internationally it supplies products in various countries such as Egypt, France, Indonesia, Kuwait, Poland, Qatar, Spain, Australia, Italy, South Africa, Sri Lanka, United State of America and UAE.

The company’s manufacturing facilities are well equipped with the required facilities including machinery, other handling equipment’s to facilitate smooth manufacturing process and easy logistics. It endeavours to maintain safety in its premises by adhering to key safety norms, established through its internal health and safety manual, accompanied by regular safety meetings. It is also engaged in manufacturing of its products for third party customers and the same is supplied according to their specific branding requirements. It generally doesn’t enter into a purchase agreement with them but manufacture the same on the basis of specifications received on purchase order.

Business area of the company

The company is engaged in manufacturing/ coating, converting and Die cuts of industrial Specialty self-adhesive tapes. The company does customized die cutes of Films, Foams and allied products catering to various industries such as Automotive, Locomotives, Aerospace, Defence, Electrical & Electronics, Renewable Energy, Print & Paper, Food & Pharma, FMCG, White & Brown Goods, Furniture, Retail, Construction, Infrastructure, Sports & Fitness Equipment, Textiles & Leather Industries serves wide range of pressure sensitive adhesive tapes, BOPP tapes, Eco Friendly paper Tapes, Filament tapes, Double Side tapes, Packaging tapes, Specialty Protection tapes, Surface Protection tapes, Masking tapes, Specialty Foams/ Films.

History and milestones

  • 2010: Incorporation of the company as private limited company.
  • 2012: ISO 9001:2015 in accordance with TUV Nord.
  • 2017: Awarded with Sir M. Visvesvaraya Manufacturing Excellence Award 2017 (District Category).
  • 2018: FKCCI Award.
  • 2020: Kassai Founders Day Awards in 2020 - 2021for Existing Industry with New Innovative Products.
  • 2022: Awarded with Best District Export Award 2022 - 17th Edition Export Excellence Awards.
  • 2022: Conversion of the company from Private Limited to Public Limited Company.
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