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Sandur Manganese & Iron Ores Ltd Stock Analysis

Small Cap
Evaluated by 486 users | BSE: 504918 | NSE: |
Mining & Minerals
Sandur Manganese & Iron Ores (SMIORE), the flagship company of the Sandur Group, was founded by former ruler of the Princely State of Sandur, Yeshwanthrao Hindurao Ghorpade in 1954. The major activities of SMIORE are mining of finest low grade, low phosphorous, manganese and iron ores,...

Analysis of Financial Track Record

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.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 36.2%2.01%10.5%10.69%4.49%-2.46%14.35%21.71%23.88%18.01%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 349181161300295222422608702592
Y-o-Y Gr. Rt.--48.2%-10.8%85.9%-1.7%-24.5%89.9%44%15.5%-15.7%
Adjusted EPS (Rs.) 104.796.9937.1443.8817.75-10.6860115.31163.25176.04
Y-o-Y Gr. Rt.--93.3%431.3%18.2%-59.6%-160.2%NA92.2%41.6%7.8%
Book Value per Share (Rs.) 343.44353.14390.3430.64443.18423.37493.48605.38804.34959.36
Adjusted Net Profit 91.76.132.538.415.5-9.452.5101143154
Net Op. Cash Flow (Rs. Cr.) 27.917.724.55.529.9380.3122169-13.3
Debt to Cash Flow from Ops 000000000-30.4
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Sandur Manganese & Iron Ores Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 6.1%15%11.9%-15.7%
Adjusted EPS 5.9%58.2%43.2%7.8%
Book Value per Share 12.116.724.819.3
Share Price 9.8% 17.4% 0.6% 130.9%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 35.652.019.9910.694.06-2.4713.0920.9923.1619.96
Operating Profit Margin (%) 39.9613.7916.9517.168.851.3121.5427.2732.6334.06
Net Profit Margin (%) 26.33.3920.1612.815.27-4.212.4316.5920.3426.04
Debt to Equity 0000000000.48
Working Capital Days 182380348331495473155109109191
Cash Conversion Cycle -52126123636972337-21-8
Entity Percentage Holding
Promoters 73.22%
Institutions 0.81%
Non-Institutions 25.97%
Pledged *0.0055.2155.2155.2055.2053.0953.0953.0953.0953.10
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Sandur Manganese & Iron Ores Ltd's performance infers:

Sandur Manganese & Iron Ores Ltd earnings have grown by 58.2%, whereas share price has appreciated 17.4% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Sandur Manganese & Iron Ores Ltd share prices over the last 10 years. Here is what we found out:

Sandur Manganese & Iron Ores Ltd share price has appreciated 6.6% annually over the past ten years.

Sandur Manganese & Iron Ores (SMIORE), the flagship company of the Sandur Group, was founded by former ruler of the Princely State of Sandur, Yeshwanthrao Hindurao Ghorpade in 1954.

The major activities of SMIORE are mining of finest low grade, low phosphorous, manganese and iron ores, facility for production of ferroalloys and management of hydro-electric power generation.

The company also owns facilities to produce resistor networks and copper clad laminates. The company undertook

Sandur Manganese & Iron Ores (SMIORE), the flagship company of the Sandur Group, was founded by former ruler of the Princely State of Sandur, Yeshwanthrao Hindurao Ghorpade in 1954.

The major activities of SMIORE are mining of finest low grade, low phosphorous, manganese and iron ores, facility for production of ferroalloys and management of hydro-electric power generation.

The company also owns facilities to produce resistor networks and copper clad laminates. The company undertook the production of solar photo-voltaic modules for various applications and is capable of producing 30MW of solar panels. During the fiscal year ended March 31, 2008, the company produced 2,17,404 tonnes of manganese ores.

It is the first and among the largest electrometallurgy units and the second largest manganese ore company in the private sector after the public sector MOIL, Nagpur. SAIL was once its largest customer.

In 1998, the company started tottering due to 'an unviable power tariff' under dues of Rs 92 crore to Karnataka Power Transmission Corporation, most of it as interest. The company was declared sick in May 2000, it once had a liability of over Rs 350 crore.

Associated with the management of the company from its inception, the ex-Chairman & Managing Director, M Y Ghorpade, with a Master’s Degree in Economics from Cambridge, has nurtured and developed SMIORE into one of the finest professionally managed companies in India, doing business in the fields of manganese ore, ferroalloys and electronics.

The Group also owns facilities to produce resistor networks and copper clad laminates. Recently, the Company has undertaken production of solar photo-voltaic modules for various applications using the above facilities, which are one of their kinds in the world and are jointly capable of producing 30 MW of solar panels annually.

The company is engaged in the business of low phosphorous, manganese and iron ores mining.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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