Sandur Manganese & Iron Ores Ltd - Stock Valuation and Financial Performance

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

Sandur Manganese Share Price

362.40 1.15 0.32%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Sandur Manganese

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Sandur Manganese & Iron Ores stock performance -

mw4me loader
P/E Ratio (SA):
23.44
Market Cap:
5,853.5 Cr.
52-wk low:
156.1
52-wk high:
613.5

Is Sandur Manganese & Iron Ores Ltd an attractive stock to invest in?

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 Overvalued 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 10.7%4.5%-4%15.2%22.9%24.6%17.8%14.1%42.1%15.2%-
Value Creation
Index
-0.2-0.7-1.30.10.60.80.302.00.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 3002952224226087025927472,2492,1261,308
Sales YoY Gr.--1.7%-24.5%89.9%44%15.5%-15.7%26.2%201.2%-5.5%-
Adj EPS 2.51-13.66.89.49.79.641.81815.4
YoY Gr.--59.6%-198%NA91.3%38%3.1%-1.3%337.5%-57%-
BVPS (₹) 24.124.823.727.633.94553.661.7103.1119.4131.4
Adj Net
Profit
38.415.5-15.255.7107147152154673292250
Cash Flow from Ops. 5.529.9380.3122169-13.3340837143-
Debt/CF from Ops. 000000-30.41.10.41.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 24.3%28.4%53.2%-5.5%
Adj EPS 24.8%21.5%22.9%-57%
BVPS19.5%28.7%30.6%15.8%
Share Price 28.1% 45.9% 89.6% 129.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
10.74.1-413.922.223.919.716.850.816.212.3
Op. Profit
Mgn %
17.28.90.221.527.332.834.136.543.319.926.6
Net Profit
Mgn %
12.85.3-6.813.217.52125.620.629.913.719.1
Debt to
Equity
0000000.50.40.20.1-
Working Cap
Days
331495667256109109191457237245194
Cash Conv.
Cycle
636972337-21-8-47-67-15149

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 53.17%

Net Profit is growing at healthy rate in last 3 years 22.93%

Return on Equity has declined versus last 3 years average to 12.30%

Sales growth is not so good in last 4 quarters at -45.36%

Latest Financials - Sandur Manganese & Iron Ores Ltd.

Standalone Consolidated
TTM EPS (₹) 15.4 15.4
TTM Sales (₹ Cr.) 1,308 1,308
BVPS (₹.) 131.4 131.5
Reserves (₹ Cr.) 1,967 1,968
P/BV 2.75 2.75
PE 23.44 23.44
From the Market
52 Week Low / High (₹) 156.07 / 613.45
All Time Low / High (₹) 0.98 / 613.45
Market Cap (₹ Cr.) 5,854
Equity (₹ Cr.) 162
Face Value (₹) 10
Industry PE 15.9

Management X-Ray of Sandur Manganese:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *53.100.000.000.000.000.000.000.000.000.00
* 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 (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales3002952224226087025927472,2492,126
Operating Expenses 2482702223314424783964751,2751,733
Manufacturing Costs138140807080918576117124
Material Costs16133275132131501217811,162
Employee Cost 39575565838292102113128
Other Costs 556055121147174170176264320
Operating Profit 5124091166224195272974393
Operating Profit Margin (%) 17.1%8.3%0.2%21.5%27.3%31.9%33.0%36.4%43.3%18.5%
Other Income 16459111929463659
Interest 02075631413828
Depreciation 954771319275664
Exceptional Items 00-60000000
Profit Before Tax 5821-585165224175250915359
Tax 2079305877279624088
Profit After Tax 3814-1456107147147154675271
PAT Margin (%) 12.8%4.9%-6.4%13.2%17.5%21.0%24.9%20.6%30.0%12.7%
Adjusted EPS (₹)2.50.9-0.93.66.89.49.49.641.916.7
Dividend Payout Ratio (%)7%18%-18%8%6%4%4%6%1%5%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 3773883704325307048399931,6591,934
Share Capital 99999999927
Reserves 3683793624235216958319841,6501,907
Minority Interest0000000000
Debt000000400364308204
Long Term Debt000000331308252161
Short Term Debt00000069565643
Trade Payables18171932527580222570252
Others Liabilities 2943083067955591071,225894960
Total Liabilities 6897136955436368371,4262,8053,4313,349

Fixed Assets

Gross Block1939810475872433078329231,022
Accumulated Depreciation1262427713325073128188
Net Fixed Assets6774786873211257759796835
CWIP 441312202557824267
Investments 1962091752473036557291376489
Inventories346560898765162157311292
Trade Receivables573864213176203144
Cash Equivalents 81322212369128131739493
Others Assets3243443501101352052351,3089631,029
Total Assets 6897136955436368371,4262,8053,4313,349

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 630380122169-13340837143
PBT 5821-585165224175250915359
Adjustment -65772229356344
Changes in Working Capital -16289121522-16511977-175
Tax Paid -30-25-7-24-60-78-52-63-218-86
Cash Flow From Investing Activity -6-203-68-106-147-370-249-757-12
Capex -4-12-6-15-62-240-321-60-69-187
Net Investments -5-1312-59-481164-195-698177
Others 35-354-22-54611-2
Cash Flow From Financing Activity 0-3-3-12-13-12378-58-106-147
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 00000033133-57-106
Interest Paid 000-7-5-6-7-13-36-26
Dividend Paid 0-3-3-4-7-5-9-4-9-14
Others 00-1-1-1-162-74-3-1
Net Cash Flow -1630310-632-26-16
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)10.683.76-3.7513.8922.1623.8919.116.850.9115.08
ROCE (%)16.156.15-1.323.0535.2537.3621.0822.3557.3718.87
Asset Turnover Ratio0.550.440.320.71.040.950.520.350.720.63
PAT to CFO Conversion(x)0.162.14N/A1.431.141.15-0.092.211.240.53
Working Capital Days
Receivable Days5036963716262330
Inventory Days415910063523970783852
Payable Days362486204125116176564458185129

Sandur Manganese & Iron Ores Ltd Stock News

Sandur Manganese & Iron Ores Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Sandur Manganese on 28-Mar-2024 16:01 is ₹362.4.
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 28-Mar-2024 16:01 the market cap of Sandur Manganese stood at ₹5,853.5.
The latest P/E ratio of Sandur Manganese as of 28-Mar-2024 16:01 is 23.44.
The latest P/B ratio of Sandur Manganese as of 28-Mar-2024 16:01 is 2.75.
The 52-week high of Sandur Manganese is ₹613.5 and the 52-week low is ₹156.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Sandur Manganese is ₹1,308 ( Cr.) .

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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