Satchmo Holdings Ltd - Stock Valuation and Financial Performance

BSE: 533202 | NSE: NITESHEST | Construction - Real Estate | Small Cap

Satchmo Holdings Share Price

3.25 -0.01 -0.31%
as on 25-Apr'24 16:01

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Satchmo Holdings stock performance -

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P/E Ratio (SA):
0.67
Market Cap:
47.4 Cr.
52-wk low:
2.4
52-wk high:
5.7

Is Satchmo Holdings Ltd an attractive stock to invest in?

1. Is Satchmo Holdings Ltd a good quality company?

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

2. Is Satchmo Holdings Ltd undervalued or overvalued?

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

3. Is Satchmo Holdings Ltd a good buy now?

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

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.
Satchmo Holdings 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 % 2.4%4.9%-1.3%-3%-5.8%-3.9%-177.7%25.8%-24.2%-3.4%-
Value Creation
Index
-0.8-0.7-1.1-1.2-1.4-1.3NANA-2.7-1.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 11212587.119427.584.419.273.722.676.176
Sales YoY Gr.-11.6%-30.3%123%-85.8%206.4%-77.3%284%-69.3%236.6%-
Adj EPS 0.51.4-1.4-2.9-5.3-4.3-24.6-10.67.80.54.9
YoY Gr.-164.2%-202.1%NANANANANANA-94%-
BVPS (₹) 29.831.229.732.423.48.8-56.1-61.6-62.3-66.2-66.1
Adj Net
Profit
7.720.5-20.8-42.4-77.6-62.4-358-1541146.971
Cash Flow from Ops. 46.2-30.9-17.4-39.5-19120.411.723510.913.9-
Debt/CF from Ops. 2.6-6.3-14.5-7.3-2.625.744.91.531.621.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -4.2%22.5%58.2%236.6%
Adj EPS -1.3%NANA-94%
BVPS-209.3%-223.1%NANA
Share Price -12.8% -10.6% 28.8% 27.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
1.84.6-4.7-9.4-19.1-26.6103.918-12.6-0.7-7.3
Op. Profit
Mgn %
13.931.1-5.2-6.6-146.223.7-255.7-94.1-95.7-52-90.5
Net Profit
Mgn %
6.916.4-23.9-21.8-281.7-74-1864.5-209.1502.7992.9
Debt to
Equity
0.30.40.60.61.54.1-0.6-0.4-0.4-0.3-
Working Cap
Days
1,2331,0681,5869849,4384,04619,2373,7638,1901,7061,550
Cash Conv.
Cycle
3611311942263,4811,78311,7472,0683,913529-7,848

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 58.23%

Return on Equity is Poor

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at -5.78%

Latest Financials - Satchmo Holdings Ltd.

Standalone Consolidated
TTM EPS (₹) 4.9 4.8
TTM Sales (₹ Cr.) 76.3 97.6
BVPS (₹.) -66.1 -75.2
Reserves (₹ Cr.) -1,110 -1,242
P/BV -0.05 -0.04
PE 0.67 0.68
From the Market
52 Week Low / High (₹) 2.43 / 5.72
All Time Low / High (₹) 0.60 / 55.00
Market Cap (₹ Cr.) 47.4
Equity (₹ Cr.) 145.8
Face Value (₹) 10
Industry PE 83.8

Management X-Ray of Satchmo Holdings:

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 (%)

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Analyst's Notes

Key Ratios of Satchmo Holdings

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
Sales112.05125.0187.12194.2927.5484.3919.2073.7222.6076.06
Operating Expenses 96.4886.5192.40207.36103.6264.4068.29145.2546.72206.78
Manufacturing Costs0.330.320.401.390.870.750.600.460.430.47
Material Costs69.8568.3462.33176.3631.7032.4117.0597.106.0590.81
Employee Cost 5.963.435.889.2117.3613.318.495.564.976.65
Other Costs 20.3314.4223.7920.4053.6917.9342.1542.1335.27108.85
Operating Profit 15.5738.51-5.28-13.07-76.0819.99-49.09-71.53-24.12-130.72
Operating Profit Margin (%) 13.9%30.8%-6.1%-6.7%-276.0%23.7%-255.0%-97.0%-106.0%-171.0%
Other Income 2.750.782.711.9413.811.786.132.43180.6594.17
Interest 7.9213.1317.8229.8144.6847.5155.8266.1929.2320.28
Depreciation 1.581.181.320.700.440.230.160.130.120.10
Exceptional Items 00000-118.66-924.6160.77-137.060
Profit Before Tax 8.8124.98-21.71-41.64-107.39-144.63-1,023.55-74.65-9.88-56.93
Tax 1.114.75-0.340.90-11.770.87-18.346.620.560
Profit After Tax 7.7020.23-21.36-42.54-95.62-145.50-1,005.21-81.27-10.44-56.93
PAT Margin (%) 6.9%16.2%-24.5%-21.9%-347.0%-172.0%-5,235.5%-110.0%-46.2%-74.8%
Adjusted EPS (₹)0.51.4-1.5-2.9-6.6-10.0-68.9-5.6-0.7-3.9
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 434.53454.20432.66472.79341.46128.70-817.92-898.04-909.11-966.04
Share Capital 145.83145.83145.83145.83145.83145.83145.83145.83145.83145.83
Reserves 288.69308.37286.83326.96195.63-17.13-963.75-1,043.87-1,054.94-1,111.87
Minority Interest0000000000
Debt118.33195.63252.72288.60498.14523.32524.75355.86344.95300.20
Long Term Debt0.04000000000
Short Term Debt118.29195.63252.72288.60498.14523.32524.75355.86344.95300.20
Trade Payables62.7986.9092.22126.90170.66196.73239.25193.23106.8883.59
Others Liabilities 170.75107.47135.75369.30275.33635.521,082.751,028.82969.97975.92
Total Liabilities 786.40844.20913.351,257.591,285.591,484.271,028.83679.87512.69393.67

Fixed Assets

Gross Block12.4711.7411.111.972.062.112.152.182.18105.31
Accumulated Depreciation8.199.099.790.751.201.431.591.721.841.75
Net Fixed Assets4.282.651.321.220.860.680.560.460.34103.56
CWIP 000129.98129.98129.9888.3588.3588.350
Investments 402.32481.95493.21476.65374256.9710.08000
Inventories129.85118.79108.23313.40291.64730.44582.27326.59175.59123.80
Trade Receivables39.5933.1513.9717.2336.692.757.537.5318.381.18
Cash Equivalents 5.102.7818.551.994.202.170.500.480.402.71
Others Assets205.25204.87278.07317.12448.22361.28339.54256.46229.63162.42
Total Assets 786.40844.20913.351,257.591,285.591,484.271,028.83679.87512.69393.67

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 46.17-30.88-17.42-39.49-191.3920.3511.69235.0510.9313.92
PBT 8.8124.98-21.71-41.64-107.39-144.63-1,023.55-73.79-9.88-56.93
Adjustment 7.7912.1517.7229.2081.12100.68979.34111.80-20.59-67.47
Changes in Working Capital 30.07-67.5-14.81-27.05-165.1264.353.2195.841.29134.76
Tax Paid -0.50-0.511.370002.701.240.113.56
Cash Flow From Investing Activity -55.52-34.01-17.0320.2430.26-0.0541.03-0.010-0.17
Capex -0.21-0.10-0.16-0.60-0.06-0.05-0.0400-0.17
Net Investments 00019.2828.54041.07-0.0100
Others -55.31-33.91-16.861.561.7800000
Cash Flow From Financing Activity 2.2466.5340.2311.17164.87-22.33-54.39-235.08-10.91-11.42
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -7.72-11.62-16.86-29.81-44.68-47.51-55.82-66.1900
Dividend Paid 0000000000
Others 9.9578.1557.0940.98209.5525.181.43-168.89-10.91-11.42
Net Cash Flow -7.121.645.78-8.083.74-2.03-1.67-0.040.022.33
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)1.794.55-4.82-9.4-23.49-61.89N/AN/AN/AN/A
ROCE (%)3.086.34-0.58-1.64-7.83-13.02N/AN/AN/AN/A
Asset Turnover Ratio0.150.150.10.180.020.060.020.090.040.17
PAT to CFO Conversion(x)6-1.53N/AN/AN/AN/AN/AN/AN/AN/A
Working Capital Days
Receivable Days113106992935785983720947
Inventory Days4343634763964,0092,21002,2504,055718
Payable Days2444005242271,7132,0694,6678139,053383

Satchmo Holdings Ltd Stock News

Satchmo Holdings Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Satchmo Holdings on 25-Apr-2024 16:01 is ₹3.25.
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 Satchmo Holdings stood at ₹47.40.
The latest P/E ratio of Satchmo Holdings as of 25-Apr-2024 16:01 is 0.67.
The latest P/B ratio of Satchmo Holdings as of 25-Apr-2024 16:01 is -0.05.
The 52-week high of Satchmo Holdings is ₹5.72 and the 52-week low is ₹2.43.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Satchmo Holdings is ₹76.29 ( Cr.) .

About Satchmo Holdings Ltd

The Nitesh Estates was originally incorporated as Nitesh Estates on February 20, 2004 as a private limited company under the provisions of the Companies Act, 1956 in Bengaluru. It became a public limited company on November 3, 2009 and was named as Nitesh Estates Limited pursuant to a certificate for a change of name on November 3, 2009.

The company is promoted by Nitesh Shetty, Pushpalatha V Shetty and the corporate promoter of the company is Nitesh Industries Pvt. Ltd.

The company is in the business of real estate development and is primarily engaged in the development of residential projects in Bengaluru. It is also developing a hospitality project in Bengaluru, a residential and an office project in Kochi. The company is in the process of diversifying into the development of shopping-malls and is expanding its geographic reach to Chennai and Goa. Its residential projects include multi-unit apartment buildings targeted at high-income and middle-income customers. The company is currently developing its first hospitality project which is the first ‘Ritz-Carlton’ brand hotel in India, on Residency Road in the central business district of Bengaluru.

Ongoing Projects of the company

  • Nitesh Hyde Park, a residential project in the middle-income segment with 537 residential units, located at Bannerghatta Road, Bengaluru.
  • Nitesh Forest Hills, a residential project in the middle-income segment with 284 residential units, located in Whitefield, Bengaluru.
  • Nitesh Flushing Meadows, a residential project in the middle-income segment with 264 residential units, located in Whitefield, Bengaluru.
  • Nitesh Columbus Square, a residential project in the middle-income segment with 390 residential units, located off of Bellary Road, Bengaluru.
  • Nitesh Wimbledon Gardens (Residential), a residential project in the middle-income segment with 672 residential units, located at Airport-Seaport road in Kochi.
  • Nitesh Wimbledon Gardens (Commercial), an office project, located at Airport-Seaport road in Kochi.
  • The ‘Ritz-Carlton’ brand hotel with 281 keys, located at Residency Road in the central business district of Bengaluru, being executed by an SPV, in which the company owns 20.7% of the equity share capital. One of its Promoters, Nitesh Shetty holds 5.3% of the equity share capital of this SPV.

Subsidiaries of the company

  • Nitesh Indiranagar Retail Pvt. Ltd.
  • Nitesh Housing Developers Pvt. Ltd.

Milestones

  • April, 2006: Corporate housing project for ITC.
  • December, 2006: Citi Property Investors acquired 74% stake in Nitesh Residency which is developing the Ritz-Carlton brand hotel.
  • January, 2007: AMIF I Limited, an Och-Ziff Captial Management Group entity acquired 28.98% stake in the company.
  • May, 2007: Agreement signed to develop India’s first Ritz-Carlton brand hotel in Bengaluru by Nitesh Residency.
  • November, 2007: Won the bid for an 8.26 acre property in the Boat Club area in the heart of Chennai.
  • September, 2009: HDFC AMC pick up 10.1% stake in Nitesh Housing, an SPV formed to develop projects.
  • October, 2009: Executed MOU with Luxury Hotels International Management Company B.V. to set up a full-service luxury international hotel and luxury condominium residences under the Ritz- Carlton brand name.
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