Signet Industries Ltd - Stock Valuation and Financial Performance

BSE: 512131 | NSE: SIGIND | Trading | Small Cap

Signet Industries Share Price

61.75 -0.61 -0.98%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Signet Industries

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

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Signet Industries stock performance -

mw4me loader
P/E Ratio (SA):
11.00
Market Cap:
181.8 Cr.
52-wk low:
32.6
52-wk high:
90

Is Signet Industries Ltd an attractive stock to invest in?

1. Is Signet Industries Ltd a good quality company?

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

2. Is Signet Industries Ltd undervalued or overvalued?

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

3. Is Signet Industries Ltd a good buy now?

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

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.
Signet Industries Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 14.2%13.5%15.5%13.5%12.6%11.5%10.9%10%7.8%8.7%-
Value Creation
Index
0.00.00.10.0-0.1-0.2-0.2-0.3-0.5-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 6126567949129049768838278771,0181,181
Sales YoY Gr.-7.2%20.9%15%-1%8%-9.5%-6.3%6.1%16%-
Adj EPS 4.83.96.366.34.74.24.32.84.55.6
YoY Gr.--17.9%61%-4.5%4.2%-24.8%-9.8%1.2%-35%62.4%-
BVPS (₹) 18.529.935.947.252.856.759.964.166.370.173.6
Adj Net
Profit
13.911.418.317.718.413.912.512.68.213.317
Cash Flow from Ops. 42.964.628.215.22084.211.6733.650.7-
Debt/CF from Ops. 6.136.913.712.22.521.142.49.26.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 5.8%2.4%4.9%16%
Adj EPS -0.5%-6.2%2.2%62.4%
BVPS16%5.9%5.4%5.8%
Share Price -15% 10.2% 25.5% 82.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
2614.517.213.912.58.67.36.94.36.67.8
Op. Profit
Mgn %
10.78.88.66.97.77.37.77.676.97.1
Net Profit
Mgn %
2.31.72.31.921.41.41.50.91.31.4
Debt to
Equity
4.421.71.51.61.31.41.61.61.5-
Working Cap
Days
20021018517719819522726125922499
Cash Conv.
Cycle
86847078948910013214413128

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 7.80%

Debt to equity has declined versus last 3 years average to 1.50

Sales growth is good in last 4 quarters at 17.79%

Sales growth has been subdued in last 3 years 4.85%

Net Profit has been subdued in last 3 years 2.23%

Latest Financials - Signet Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 5.6 -
TTM Sales (₹ Cr.) 1,181 -
BVPS (₹.) 73.6 -
Reserves (₹ Cr.) 187 -
P/BV 0.84 -
PE 11.00 -
From the Market
52 Week Low / High (₹) 32.61 / 89.95
All Time Low / High (₹) 0.12 / 745.00
Market Cap (₹ Cr.) 182
Equity (₹ Cr.) 29.4
Face Value (₹) 10
Industry PE 76.7

Management X-Ray of Signet Industries:

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

Login/Register to view analysis.

Analyst's Notes

Key Ratios of Signet Industries

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales6126567949129049768838278771,018
Operating Expenses 549599727849834905816764816948
Manufacturing Costs10101114141920192126
Material Costs505543663800774831731688730842
Employee Cost 10121416192422222627
Other Costs 24343920273043353953
Operating Profit 64576763707167636269
Operating Profit Margin (%) 10.4%8.7%8.4%6.9%7.7%7.3%7.6%7.6%7.0%6.8%
Other Income 8734422213
Interest 45434038414444464344
Depreciation 6677778899
Exceptional Items 0100000200
Profit Before Tax 21162323262217121219
Tax 6465785-236
Profit After Tax 1612171818141214813
PAT Margin (%) 2.6%1.8%2.2%2.0%2.0%1.4%1.3%1.7%0.9%1.3%
Adjusted EPS (₹)5.34.05.86.36.34.74.04.72.84.4
Dividend Payout Ratio (%)23%0%9%8%8%11%12%11%18%11%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 5998116139155167176189195206
Share Capital 34404029292929292929
Reserves 255876109126137147159166177
Minority Interest0000000000
Debt242163180201236203238271288291
Long Term Debt99605445403542748065
Short Term Debt144104126156196168196198207227
Trade Payables152182173204186251205219190181
Others Liabilities 65776644383435504550
Total Liabilities 519520534588616655654729718729

Fixed Assets

Gross Block1081131167992103105116122134
Accumulated Depreciation2632387132028344352
Net Fixed Assets82817772798277817982
CWIP 0004100251
Investments 0000000001
Inventories88117103128165197192222252265
Trade Receivables241228265307291293302327312302
Cash Equivalents 64403428323019211415
Others Assets43545448475364765563
Total Assets 519520534588616655654729718729

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 4365281520841273451
PBT 21152323262217101219
Adjustment 43424442454851535151
Changes in Working Capital -1814-35-48-4024-51-52-26-12
Tax Paid -3-6-3-2-11-10-5-4-2-7
Cash Flow From Investing Activity 5374-5-9-99-13-9-6
Capex -11-5-3-5-12-9-2-13-9-7
Net Investments 120000-310-1-1-3
Others 44270321215
Cash Flow From Financing Activity -49-91-35-22-7-80-133-32-44
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 000037-340000
Interest Paid -45-43-41-39-41-44-44-46-43-44
Dividend Paid 0-40-2-2-2-2-2-2-2
Others -5-44619003351122
Net Cash Flow -211-3-114-57-3-71
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)32.3416.5718.1215.112.568.526.877.644.36.5
ROCE (%)20.7719.1721.1718.6217.916.9915.4312.8511.0612.42
Asset Turnover Ratio1.271.291.531.671.511.541.351.21.211.41
PAT to CFO Conversion(x)2.695.421.650.831.11610.54.253.92
Working Capital Days
Receivable Days130128111112120109123139133110
Inventory Days47565045596880919993
Payable Days971129886929611411210280

Signet Industries Ltd Stock News

Signet Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Signet Industries on 28-Mar-2024 16:01 is ₹61.75.
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 28-Mar-2024 16:01 the market cap of Signet Industries stood at ₹181.8.
The latest P/E ratio of Signet Industries as of 28-Mar-2024 16:01 is 11.00.
The latest P/B ratio of Signet Industries as of 28-Mar-2024 16:01 is 0.84.
The 52-week high of Signet Industries is ₹89.95 and the 52-week low is ₹32.61.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Signet Industries is ₹1,181 ( Cr.) .

About Signet Industries Ltd

Signet Industries, earlier know as Signet Overseas, was incorporated in the year 1985. Its registered office is located at 308 Acme Plaza, Opp Sangam Cinema, Andheri Kurla Road, Andheri E, Mumbai - 400059, Maharashtra.

The company belongs to the Signet group which has a diverse portfolio ranging from international trading and domestic distribution of polymers, chemicals, jumbo and raffia bags to spices, wax, plastics and power generation.

Business profile:

The company is engaged in the manufacture, trade, and export of poly products in India. It distributes HDPE, LDPE, PVC, PP, and PET resins.

The company also involves in the manufacture of various plastic products; and the distribution of chemical products, including food chemicals, phosphate, and paints. In addition, it operates wind turbine power unit; and offers wax products and spices.

Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.