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Sturdy Industries Ltd (530611)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 530611 NSE: Plastic Products | Small Cap | Sturdy Industries Share Price

₹0.27 0.00 (0.00%)

As on 01-Jun'26 16:59

Sturdy Industries Ltd (530611)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 530611 NSE: Plastic Products | Small Cap | Sturdy Industries Share Price

₹0.27 0.00 (0.00%)

As on 01-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹4 Cr.
Current Price
₹0.3
52-Week Low / High
₹0 / 0
TTM EPS
₹-0.5
TTM Sales
₹0.7 Cr.
Book Value per Share
-
P/E Ratio
0.00
Industry PE
39
Price to Book (P/B)
0.00
Higher than its 5-year historical median
Price to Sales (P/S)
5.83
Higher than its 5-year historical median
EV/EBITDA
-21.71
In line with its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
0.00%
Underperforms industry median
Return on Capital Employed (ROCE)
-4.97%
Underperforms industry median
Return on Assets (ROA)
-4.89%
Operating Profit Margin
-174.8%
Net Profit Margin
-124.46%
Gross Profit Margin
-168.7%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-71.96%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-217.55%
Asset Quality
Promoter Holding
12.09%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹-242 Cr.
Equity
₹30.3 Cr.
Face Value
₹2
All Time Low / High
₹0.19 / 11.80

Sturdy Industries stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Sturdy Industries Ltd a good quality company?
Sturdy Industries Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Sturdy Industries Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Sturdy Industries Ltd vs industry peers?
Sturdy Industries Ltd revenue CAGR is -56.19%, compared to the industry median CAGR of 4.71%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Sturdy Industries Ltd?
Promoters hold 12.09% of the Sturdy Industries Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Sturdy Industries Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -13.3% based on the current price.

10 Year X-Ray : Login to view analysis.

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.
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

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -0.7%-2.4%2.8%2.9%-8.2%-5.7%-98.4%-21%-3.5%-5%-
Value Creation
Index
-1.1-1.2-0.8-0.8-1.6NANANANANA-

Growth Parameters

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 (₹) 5.52.21.51.60.2-1-11.5-13.4-13.2-13.40
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

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 -12.7% -5.6% -10.8% -3.6%

Key Financial Parameters

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-37.1-54.9-43-11.6-71.9-68.145034.22.47.17.7
Op. Profit
Mgn %
0.20.52.60.8-18-2.7-91.8-24-84.2-174.8-5625
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
952072182313674394535581,8585,5331,54,373
Cash Conv.
Cycle
571261431572673222542131,0853,482-2,63,228

Profit And Loss

(All Figures are in Crores.)
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
Exceptional Items 00000-16.26-84.29-9.7802.10
Interest 18.4819.9624.4910.513.465.979.3413.350.230
Depreciation 4.999.658.776.866.023.253.333.032.772.51
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%

Valuation of Sturdy Industries - Standalone

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
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
Debt +215.19235.78254.83230.23256.58249.64174.29221.70209.88206.18
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
Minority Interest0000000000
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

Net Fixed Assets +88.4584.0880.7568.9062.4759.2952.4245.0533.7729.25
Gross Block116.18121.46124.72121.81121.40121.46115.1897.2186.3279.80
Accumulated Depreciation27.7337.3943.9752.9158.9362.1762.7652.1552.5650.55
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.)
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 0-0.0413.987.0900-0000
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 -18.48-19.96-24.49-10.510-5.97-84.84-13.35-0-0
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

Financial Ratio

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 Days55.50137.10138.80147.90265.10311.70295.30332.901,066.203,311
Inventory Days32.9056.8062.9058.2055.2061.6062.7046.80114.20188.50
Payable Days31.7067.7063.9048.9054.3056.60102.50183156.1035.60

Management X-Ray

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Sturdy Industries Ltd FAQs

The current trading price of Sturdy Industries on 01-Jun-2026 16:59 is ₹0.27.

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 31-May-2026 the market cap of Sturdy Industries stood at ₹4.08 Cr

The latest P/E ratio of Sturdy Industries as of 31-May-2026 is 0.00.

The latest P/B ratio of Sturdy Industries as of 31-May-2026 is 0.00.

The 52-week high of Sturdy Industries is ₹0.30 and the 52-week low is ₹0.19.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Sturdy Industries is ₹0.70 ( Cr.) .

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

The key valuation ratios of Sturdy Industries 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 Sturdy Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

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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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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