1. Is Smartlink Holdings Ltd a good quality company?
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Smartlink Holdings Ltd is a below average quality company.
2. Is Smartlink Holdings Ltd undervalued or overvalued?
The key valuation ratios of Smartlink Holdings Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
3. Is Smartlink Holdings Ltd a good buy now?
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Smartlink Holdings Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘ
Value Creation Index Colour Code Guide ⓘ
|ROCE % ⓘ||-2.7%||-2.6%||-2.6%||1.1%||0.8%||3.2%||-0.6%||0.7%||2.7%||4.9%||-|
|Value Creation Index ⓘ||-1.2||-1.2||-1.2||-0.9||-0.9||-0.8||-1.0||-1.0||-0.8||-0.7||-|
Growth Parameters ⓘ
Growth Parameters Colour Code Guide ⓘ
|YoY Gr. Rt. %||-||27.5%||-39.3%||-64.8%||-32.3%||-16.5%||19.6%||-20.1%||-13.6%||-39.1%||-|
|Adj EPS ⓘ||-3.8||-3.5||-3.5||1.5||1.3||4.9||-1.1||1||3.7||9.3||27.7|
|YoY Gr. Rt. %||-||NA||NA||NA||-8.3%||268.4%||-122.5%||NA||284.4%||151.5%||-|
|BVPS (₹) ⓘ||136.7||133.7||135.6||137.6||149||151.4||152.7||141.1||145||183.6||183.2|
|Adj Net Profit ⓘ||-11.5||-10.6||-10.6||4.4||3||11.1||-1.9||1.3||4.9||9.3||28|
|Cash Flow from Ops. ⓘ||-17.5||-40.1||4.6||-26.1||-17.3||-6.9||70.2||70.1||1||38.9||-|
|Debt/CF from Ops. ⓘ||0||0||0||0||0||0||0||0.1||2||0.1||-|
CAGR Colour Code Guide ⓘ
|9 Years||5 Years||3 Years||1 Years|
|Adj EPS ⓘ||NA||47.5%||NA||151.5%|
Key Financial Parameters ⓘ
Performance Ratio Colour Code Guide ⓘ
|Return on Equity % ⓘ||-2.7||-2.6||-2.6||1.1||0.8||3.2||-0.6||0.6||2.6||4.9||15.1|
|Op. Profit Mgn % ⓘ||-29.2||-14.9||-27.1||24.8||26.8||71.8||65||50.4||54.8||27.3||5.9|
|Net Profit Mgn % ⓘ||-9.8||-7||-11.7||13.6||13.8||61.2||-8.7||7.4||32.9||101.8||441.6|
|Debt to Equity ⓘ||0||0||0||0||0||0||0||0||0||0||0|
|Working Cap Days ⓘ||559||311||262||549||589||482||234||45||289||855||9,653|
|Cash Conv. Cycle ⓘ||91||76||106||-56||-16||-103||-61||-19||-19||-10||9,519|
Return on Equity has increased versus last 3 years average to 15.10%
Sales growth has been subdued in last 3 years -25.06%
Net Profit has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at -17.65%
|TTM EPS (₹)||27.7||7.4|
|TTM Sales (₹ Cr.)||6.3||6.4|
|BVPS (₹.) ⓘ||183.2||165.4|
|Reserves (₹ Cr.) ⓘ||181||163|
|From the Market|
|52 Week Low / High (₹)||97.60 / 181.70|
|All Time Low / High (₹)||26.84 / 253.80|
|Market Cap (₹ Cr.)||141|
|Equity (₹ Cr.)||2|
|Face Value (₹)||2|
|Industry PE ⓘ||9.8|
Smartlink Holdings Ltd. was in the Networking Products line business for more than three decades and involved in sourcing, manufacturing, sales, marketing and support, etc. The company undertook a restructuring exercise in the Financial year 2016-17 and now has three independent subsidiaries, namely, Digisol Systems Ltd., Synegra EMS Ltd. and Telesmart SCS Ltd. to grow the businesses in a focused manner using its expertise of over three decades. The company is now an NBFC with assets and cash investments which includes investment in the three subsidiary companies.
Subsidiaries of the company
Digisol has established its brand positioning as a leading ‘Trusted made in India IT networking brand’ that offers products of global standards, credibility and delivers a fantastic user experience. The company has carried out various initiatives like Digisol Cash Karo loyalty program to enhance the relationship with existing electricians, technicians and partners by giving them a chance to earn more loyalty points on their purchase of Digisol products, DITT (Digisol Institute of Technical Training) where it aims to train/educate network engineers, channel partners and ISPs by consistently delivering quality training programs which are always in sync with the market demand and Digisol Premium Partners Program to build relationships with the partners by rolling out various Sales Scheme for both Active and Passive range of products.
Synegra is a wholly owned manufacturing subsidiary of Smartlink Holdings Limited. Synegra EMS Ltd is Electronics Manufacturing Services (EMS) Company which caters to IT, Networking, Telecom, Aerospace, Bio Medical, IOT, Electronics, Electrical Vehicle (EV), Medical, Automotive and Defense sectors, etc. Synegra has large, certified manufacturing facilities in Goa which includes 2 SMT lines (recently upgraded 1 new SMT line), Assembly lines, Testing lines, and is capable of manufacturing all kinds of IT/Telecommunication / Electronic Products like Computer Motherboards, Add on Cards, Networking and Telecommunication Products, Medical devices, etc. with a highly skilled team for electronics manufacturing including components sourcing for over three decades. It also provides contract manufacturing services to DIGISOL SYSTEMS LTD. as well as other electronic brands and companies. The company has widened its activities by venturing into the manufacture of PCBs for Electric Vehicles. It anticipates steady growth with its manufacturing capacity suited for both export as well as domestic markets under the Make in India initiative of the Government of India.
Telesmart is a subsidiary of Smartlink Holdings Ltd. with a Taiwan partner having several patents in SCS products in copper connecting parts with high bandwidth applications. The company has expertise in manufacturing various types of structured cabling products in both copper and fiber range as an ODM supplier to various brand companies. As of now, it supplies the DIGISOL brand to Digisol Systems. Telesmart has state-of-the-art production lines, assembly and testing equipment for copper and fiber products manufacturing designed as per lean concept. It has also set up a Clean Room for Fiber Patch cord manufacturing, where Fiber Cords are manufactured under controlled temperature and clean environment. Fiber products are manufactured and supplied to brand companies like Digisol Systems Ltd. The company is also looking for contract manufacturing for its fiber products. Telesmart’s SCS products portfolio includes end-to-end cabling solutions in copper from Cat 5e, Cat 6, Cat6A, STP, FTP, Patch Panels, Patch Cords, and Face Plates. The fiber range includes all kinds of Fiber Patch Cords, Pigtails with performance certificates, and LIUs.
Business area of the company
The company is now an NBFC with assets and cash investments which includes investment in the three subsidiary companies. The income of Smartlink Holdings is mainly from investments and rent income from immovable properties.
History and milestones