Sandur Manganese & Iron Ores Ltd Stock Analysis

BSE: 504918 | NSE: | Mining & Minerals | Small Cap

BSE Share Price 23-Sep-2022 18:01
782.45 -24.00 (-2.98%)

DeciZen - Make an Informed Decision on Sandur Manganese

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Sandur Manganese Price Chart

P/E Ratio (SA) :
3.77
Market Cap :
2,113.1 Cr.
52-wk low :
553.9
52-wk high :
1,702.5
Bole Toh?

1. Is Sandur Manganese & Iron Ores Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Sandur Manganese & Iron Ores Ltd is a average quality company.

2. Is Sandur Manganese & Iron Ores Ltd undervalued or overvalued?

The key valuation ratios of Sandur Manganese & Iron Ores Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Sandur Manganese & Iron Ores Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Sandur Manganese & Iron Ores 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 Sandur Manganese:

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.
Sandur Manganese & Iron Ores 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'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 10.5%10.7%4.5%-2.5%14.4%21.7%23.9%18%14.1%42.1%-
Value Creation Index -0.3-0.2-0.7-1.20.00.60.70.302.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1613002952224226087025927472,2492,425
YoY Gr. Rt. %-85.9%-1.7%-24.5%89.9%44%15.5%-15.7%26.2%201.2%-
Adj EPS 12.514.76-3.620.138.754.859.157.4250.9207.4
YoY Gr. Rt. %-18.1%-59.5%-160.1%NA92.2%41.6%7.8%-2.9%337.4%-
BVPS (₹) 130.9144.5148.7142165.6203.1269.8321.8370.1618.3633.6
Adj Net Profit 32.538.415.5-9.452.5101143154154673560
Cash Flow from Ops. 24.55.529.9380.3122169-13.3340873-
Debt/CF from Ops. 0000000-30.41.10.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 34%39.7%47.4%201.2%
Adj EPS 39.6%65.6%66.1%337.4%
BVPS 18.830.231.867.1
Share Price 17.8% 22.1% 47.5% 37.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 1010.74.1-2.513.12123.22016.850.833.1
Op. Profit Mgn % 1717.28.91.321.527.332.634.136.543.332
Net Profit Mgn % 20.212.85.3-4.212.416.620.32620.629.923.1
Debt to Equity 00000000.50.40.2-
Working Cap Days 3483314954731551091091912071130
Cash Conv. Cycle 123636972337-21-8-47-670

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 33.10%

Sales growth is growing at healthy rate in last 3 years 47.40%

Net Profit is growing at healthy rate in last 3 years 66.08%

Sales growth is good in last 4 quarters at 188.07%

No data to display

Latest Financials - Sandur Manganese & Iron Ores Ltd.

Standalone Consolidated
TTM EPS (₹) 207.4 45
TTM Sales (₹ Cr.) 2,425 608
BVPS (₹.) 633.6 0
Reserves (₹ Cr.) 1,684 798
P/BV 1.24 0.00
PE 3.77 17.38
From the Market
52 Week Low / High (₹) 553.86 / 1702.52
All Time Low / High (₹) 5.87 / 1702.52
Market Cap (₹ Cr.) 2,113
Equity (₹ Cr.) 27
Face Value (₹) 10
Industry PE 9.6

Management X-Ray of Sandur Manganese :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *53.0953.0953.0953.0953.1053.1053.100.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Sandur Manganese

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

News

About Sandur Manganese & Iron Ores Ltd

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.

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