Srikalahasthi Pipes Ltd Stock Analysis

BSE: 513605 | NSE: SRIPIPES | Castings/Forgings | Small Cap

BSE Share Price 12-Jan-2022 18:01
201.15 0.00 (0.00%)

DeciZen - Make an Informed Decision on Srikalahasthi Pipes

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Srikalahasthi Pipes Price Chart

P/E Ratio (SA) :
5.67
Market Cap :
939.3 Cr.
52-wk low :
177.7
52-wk high :
212
Bole Toh?

1. Is Srikalahasthi Pipes Ltd a good quality company?

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

2. Is Srikalahasthi Pipes Ltd undervalued or overvalued?

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

3. Is Srikalahasthi Pipes Ltd a good buy now?

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

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.
Srikalahasthi Pipes 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'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 5.7%4.3%11.6%16.2%19.8%13.5%11.5%9%12.4%6.9%-
Value Creation Index -0.6-0.7-0.20.20.4-0.0-0.2-0.4-0.1-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 7878649891,0841,1461,1781,5871,5591,6631,5031,778
YoY Gr. Rt. %-9.8%14.5%9.5%5.7%2.8%34.7%-1.8%6.7%-9.6%-
Adj EPS -1.1-3.39.520.838.834.529.525.54222.835.5
YoY Gr. Rt. %-NANA120%86.4%-11.2%-14.6%-13.5%64.8%-45.8%-
BVPS (₹) 5248.756.773.8175.4204.6252.4270.3303.3318.4329.3
Adj Net Profit -4.3-13.137.782.8154137138119196106166
Cash Flow from Ops. -14185145158200185114239-125549-
Debt/CF from Ops. -352.53.12.72.22.63.91.6-50.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 7.5%5.6%-1.8%-9.6%
Adj EPS NA-10.1%-8.3%-45.8%
BVPS 22.312.78.15
Share Price 21.7% -12.7% 8% 6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % -2.1-6.51831.931.218.213.89.814.67.311
Op. Profit Mgn % 8.35.311.71723.319.414.812.716.812.915.2
Net Profit Mgn % -0.6-1.53.87.613.511.78.77.611.87.19.3
Debt to Equity 2.42.421.50.60.60.40.30.40.30.1
Working Cap Days 228202166150125126120191260290297
Cash Conv. Cycle 1211066455697880116139137145

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 10.90%

Sales growth is good in last 4 quarters at 34.86%

Sales growth has been subdued in last 3 years -1.80%

Net Profit has been subdued in last 3 years -8.25%

Latest Financials - Srikalahasthi Pipes Ltd.

Standalone Consolidated
TTM EPS (₹) 35.5 -
TTM Sales (₹ Cr.) 1,778 -
BVPS (₹.) 329.3 -
Reserves (₹ Cr.) 1,491 -
P/BV 0.61 -
PE 5.67 -
From the Market
52 Week Low / High (₹) 177.65 / 212.00
All Time Low / High (₹) 1.00 / 448.85
Market Cap (₹ Cr.) 939
Equity (₹ Cr.) 46.7
Face Value (₹) 10
Industry PE 16

Management X-Ray of Srikalahasthi Pipes :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *31.3631.3631.1831.1631.1631.1631.160.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Srikalahasthi Pipes

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Srikalahasthi Pipes Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Srikalahasthi Pipes on 12-Jan-2022 18:01 is : 201.2.
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-Jan-2022 18:01 the market cap of Srikalahasthi Pipes stood at ₹ 939.3.
The latest PE ratio of Srikalahasthi Pipes as of 12-Jan-2022 18:01 is 5.67.
The latest PB ratio of Srikalahasthi Pipes as of 12-Jan-2022 18:01 is 0.61
The 52-week high of Srikalahasthi Pipes is ₹ 212.0 and the 52-week low is ₹ 177.7.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Srikalahasthi Pipes is ₹ 1,778 ( Cr.) .

About Srikalahasthi Pipes Ltd

Lanco Industries (LIL) was incorporated on November 1, 1991 by Lanco group of companies to manufacture pig iron using Korf (German) technology and cement. The unit is located at Rachagunneri Village on Tirupathi, Srikalahasthi road which is about 30 km from Tirupathi and 10 km from Srikalahasthi. The installed capacity of pig iron was 90,000 TPA and with similar capacity 90,000 TPA for cement.

Due to poor demand and other reasons, the operations of the cement unit of the company was suspended and the unit was reengineered for producing a different product mix having potential in south India.

As a measure of forward integration project for adding value to the pig iron manufactured by the company, LIL floated an another company named Lanco Kalahasthi Castings (LKCL) on March 4,1997 to manufacture iron castings and spun pipes in the same campus of the company with an annual capacity of 40,000 TPA and 35,700 TPA respectively. Accordingly, LIL had an arrangement with LKCL for supply of molten iron and pig iron to LKCL, being a value added product, as such iron pipes manufactured by LKCL offered better returns.

However, due to falling pig iron prices, increased additional capacity in the industry, competition and the technical & financial assistance, the operations of both LIL and LKCL were affected and the company was exploring financial and technical strategic alliance with Indian / Foreign Partner.

History

  • 1991 -Incorporation of Lanco
  • 1994 -Setting up of Mini Blast Furnace with 90,000 TPA capacity 
  • 1995 -Setting up a 250 TPD Mini Cement Plant 
  • 1997 -Setting up of LKCL for manufacture of 40,000 TPA castings and 35,700 TPA DI Pipes
  • 2002 -Strategic Alliance with Electrosteel Casting Limited
  • 2002 -Infusion of Rs.2200 lakhs to the equity and financial restructuring
  • 2003 -Merger of LKCL with LIL for synergy 
  • 2003 -Capacity of Pig Iron was increased to 90,000 TPA to 150000 TPA. 
  • 2004 -Capacity of DI Pipes was increased to 90,000 TPA. 
  • 2005 -Commissioning of 150,000 TPA coke oven plant. 
  • 2005 -Setting up of Captive Power Plant of 12 MW by using the waste heat recovered from the coke oven plant.
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