Divyashakti Ltd - Stock Valuation and Financial Performance

BSE: 526315 | NSE: | Ceramics/Marble/Granite/Sanitaryware | Small Cap

Divyashakti Share Price

74.35 -1.75 -2.30%
as on 12-Apr'24 16:59

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Divyashakti stock performance -

mw4me loader
P/E Ratio (SA):
257.94
Market Cap:
76.4 Cr.
52-wk low:
60.3
52-wk high:
98.3

Is Divyashakti Ltd an attractive stock to invest in?

1. Is Divyashakti Ltd a good quality company?

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

2. Is Divyashakti Ltd undervalued or overvalued?

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

3. Is Divyashakti Ltd a good buy now?

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

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.
Divyashakti 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 % 10.2%6.9%8.9%11%4.7%2.9%2.6%6.7%4.6%2.3%-
Value Creation
Index
-0.3-0.5-0.4-0.2-0.7-0.8-0.8-0.5-0.7-0.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 60.86368.310868.633.460.156.963.675.568
Sales YoY Gr.-3.6%8.5%58.7%-36.7%-51.3%80%-5.4%11.8%18.8%-
Adj EPS 6.54.979.64.32.72.57.15.12.60.3
YoY Gr.--23.9%42.8%37%-54.9%-38.1%-6.7%182%-28.2%-48.8%-
BVPS (₹) 67.975.783.592.995.899104.4109114.5120.2120
Adj Net
Profit
6.75.17.29.94.42.82.67.25.22.70
Cash Flow from Ops. 10.514.112.1-8.22.517.3-16.410.52.4-9-
Debt/CF from Ops. 000000-000.2-0-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 2.4%2%7.9%18.8%
Adj EPS -9.6%-9.8%1.2%-48.8%
BVPS6.6%4.6%4.8%5%
Share Price 11.1% -4.8% 17.8% 4.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
10.16.88.810.94.62.82.56.64.52.20.2
Op. Profit
Mgn %
18.21416.414.49.713.48.421.113.37.51.5
Net Profit
Mgn %
11810.59.16.58.34.312.78.23.50.4
Debt to
Equity
0000000000-
Working Cap
Days
308316273187347748452518462446306
Cash Conv.
Cycle
227202165128236458328413386380264

Recent Performance Summary

Sales growth is good in last 4 quarters at 10.87%

Return on Equity has declined versus last 3 years average to 0.20%

Sales growth has been subdued in last 3 years 7.90%

Net Profit has been subdued in last 3 years 1.19%

Latest Financials - Divyashakti Ltd.

Standalone Consolidated
TTM EPS (₹) 0.3 -
TTM Sales (₹ Cr.) 67.8 -
BVPS (₹.) 120 -
Reserves (₹ Cr.) 113 -
P/BV 0.62 -
PE 257.94 -
From the Market
52 Week Low / High (₹) 60.25 / 98.30
All Time Low / High (₹) 1.25 / 176.95
Market Cap (₹ Cr.) 76.4
Equity (₹ Cr.) 10.3
Face Value (₹) 10
Industry PE 43.9

Management X-Ray of Divyashakti:

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

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Analyst's Notes

Key Ratios of Divyashakti

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
Sales60.7862.9668.28108.3468.5833.4060.1356.8863.5775.53
Operating Expenses 50.7054.2957.2093.3762.7629.5455.1646.2255.1269.90
Manufacturing Costs18.2515.5312.5211.265.557.8112.406.969.1311.05
Material Costs26.5033.2837.8974.7851.1614.4234.4629.7336.3647.03
Employee Cost 1.441.722.022.092.302.803.603.093.744.12
Other Costs 4.523.764.785.243.754.514.706.445.907.71
Operating Profit 10.088.6711.0814.975.833.864.9610.668.445.63
Operating Profit Margin (%) 16.6%13.8%16.2%13.8%8.5%11.6%8.3%18.7%13.3%7.5%
Other Income 6.216.975.420.912.404.707.380.213.477.99
Interest 0.090.070.050.170.120.160.170.080.060.09
Depreciation 1.031.051.101.130.651.592.232.352.402.52
Exceptional Items 0000.10000000
Profit Before Tax 15.1614.5315.3514.697.456.829.948.459.4611.01
Tax 5.275.185.215.212.631.672.472.152.313.18
Profit After Tax 9.899.3510.149.484.825.157.476.307.157.83
PAT Margin (%) 16.3%14.8%14.8%8.7%7.0%15.4%12.4%11.1%11.2%10.4%
Adjusted EPS (₹)9.69.19.99.24.75.07.36.17.07.6
Dividend Payout Ratio (%)16%16%15%16%32%30%21%24%0%26%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 69.9677.4685.7495.3998.36101.61107.18111.96117.56123.43
Share Capital 10.3010.2710.2710.2710.2710.2710.2710.2710.2710.27
Reserves 59.6667.1975.4885.1288.0991.3496.91101.69107.30113.16
Minority Interest0000000000
Debt000000.140.0500.270.15
Long Term Debt000000.140.0500.270.15
Short Term Debt0000000000
Trade Payables43.433.8210.0918.8020.0811.9710.4910.4710.08
Others Liabilities 22.5120.8422.222.863.687.847.746.324.154.41
Total Liabilities 96.47101.74111.79108.34120.84129.67126.94128.78132.46138.06

Fixed Assets

Gross Block27.0628.1228.1330.8930.9956.5058.8759.6661.2257.92
Accumulated Depreciation19.7020.7121.8022.9323.5825.0727.2029.5531.4930.17
Net Fixed Assets7.367.426.327.967.4031.4331.6730.1129.7327.75
CWIP 00009.773.5700.3600
Investments 000015.9600000
Inventories12.577.607.4312.2813.0716.729.537.2913.017.01
Trade Receivables29.9528.3128.2244.4051.4244.6371.2669.1267.3593.13
Cash Equivalents 31.2642.7353.5741.1316.4828.9812.0620.0820.038.41
Others Assets15.3315.6816.242.576.744.332.411.812.331.76
Total Assets 96.47101.74111.79108.34120.84129.67126.94128.78132.46138.06

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 10.4614.0712.12-8.212.5117.26-16.4410.482.43-9
PBT 15.1614.5315.3514.697.456.829.948.459.4611.01
Adjustment 0.930.910.500.810.101.152.072.142.012.48
Changes in Working Capital -0.363.981.56-17.6-2.8211.29-27.120.94-6.77-19.67
Tax Paid -5.27-5.34-5.29-6.10-2.22-2.01-1.32-1.05-2.28-2.82
Cash Flow From Investing Activity 1.43-0.353.84-3.43-24.61-4.643.49-4.64-4.907.12
Capex 0-1.11-0.01-2.76-0.10-25.62-2.47-0.80-1.63-0.64
Net Investments 0000-15.9614.352.22-3.70-3.600
Others 1.430.763.85-0.66-8.556.633.74-0.150.337.76
Cash Flow From Financing Activity -1.85-1.72-1.86-1.82-1.87-1.72-1.85-1.56-1.20-2.19
Net Proceeds from Shares 00.0100000000
Net Proceeds from Borrowing 000000.14-0.09-0.050.34-0.13
Interest Paid 000000000-0.02
Dividend Paid -1.59-1.46-1.55-1.51-1.55-1.55-1.45-1.51-1.54-2.05
Others -0.26-0.26-0.31-0.31-0.31-0.31-0.31000.01
Net Cash Flow 10.0412.0114.10-13.46-23.9710.90-14.794.28-3.68-4.07
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)1512.6812.4210.464.975.157.165.756.236.5
ROCE (%)23.1319.818.8716.47.816.979.677.778.289.19
Asset Turnover Ratio0.710.640.650.980.60.270.470.440.490.56
PAT to CFO Conversion(x)1.061.51.2-0.870.523.35-2.21.660.34-1.15
Working Capital Days
Receivable Days186168149122255525352450392388
Inventory Days705840336716380545848
Payable Days5441353410349217013810580

Divyashakti Ltd Stock News

Divyashakti Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Divyashakti on 12-Apr-2024 16:59 is ₹74.35.
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 12-Apr-2024 16:59 the market cap of Divyashakti stood at ₹76.35.
The latest P/E ratio of Divyashakti as of 12-Apr-2024 16:59 is 257.9.
The latest P/B ratio of Divyashakti as of 12-Apr-2024 16:59 is 0.62.
The 52-week high of Divyashakti is ₹98.30 and the 52-week low is ₹60.25.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Divyashakti is ₹67.78 ( Cr.) .

About Divyashakti Ltd

Divyashakti Granites ever since its inception in 1994 has carved a niche for itself for producing world-class granite. Despite its brief presence, the company has grown into one of the Country’s largest 100% Export Oriented Granite Processing Unit in a wide spectrum of colors, textures and finish, to customers world-wide.

Divyashakti Granite born as a new bright star in the export market of processed granite was the brain child of Shri N.V.Rattaiah, a Civil Engineer and by then recognized as one of the senior most builders in the State of Andhra Pradesh in India. He had long behind him by then the credit of having constructed Divyashakti Apartments at Ameerpet, Hyderabad, and a unique feat of encompassing about 400 Apartments in a single compound with the additional attraction of a big commercial complex in the front. The project initially conceived as a probable ready access to availability of flooring, material started growing beyond all expectation, went public in the stock market and grew in no time into a major player in the business of export of processed granite slabs to countries in South East Asia, Europe and America. Thus the child is now a fully grown up, dynamic and virile adult but still under the guidance of the experienced old hands.

The Company which started with a public equity of about Rs.10 Crores has now a total “Capital Employed” to the extent of Rs.23 Crores, the whole excess of Rs.13 Crores coming out of “Reserves” generated by the operations of the company, correspondingly balanced by a healthy combination of Fixed Assets and Net Current Assets.

With an installed capacity of about 3,75,000 sq mts of granite slabs per annum, the company has state-of-the art machinery from M/s. BRA Officine Meccaniche spa, Italy; Gaspari Menotti spa, Italy; Breton spa, Italy; Simec spa, Italy; Bideseimpianti srl, Italy; and Socomac srl, Italy, to ensure quality granite cut, shaped and polished to perfection.

Product range of the company includes:

Granites:

  • Desert Rose
  • Emerald Pearl
  • Giallo Fiorito
  • Giallo Guidoni
  • Giallo Ornamental
  • Giallo Speranza
  • Giblee
  • Golden King
  • Kashmir Gold
  • Kashmir Gold
  • Kashmir White
  • Labrador Antique
  • Madura Gold
  • Navada Gold
  • New Venetian Gold
  • Oro Brazil
  • Peacock green
  • Paradiso
  • Premium Plus Black
  • Santa Cecilia
  • Santa Cecilia dark
  • Santa Cecilia fantasy
  • Santa Cecilia light
  • Sapphire Blue
  • Seaweed Green
  • Green
  • Violetta
  • Vyara gold
  • Vyara Juprana
  • Whit Galaxy
  • Yellow Juprana
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