Saint-Gobain Sekurit India Ltd - Stock Valuation and Financial Performance

BSE: 515043 | NSE: | Auto Ancillary | Small Cap

Saint-Gobain Sekurit Share Price

127.50 3.15 2.53%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Saint-Gobain Sekurit

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Saint-Gobain Sekurit India stock performance -

mw4me loader
P/E Ratio (SA):
35.84
Market Cap:
1,150.2 Cr.
52-wk low:
77
52-wk high:
156

Is Saint-Gobain Sekurit India Ltd an attractive stock to invest in?

1. Is Saint-Gobain Sekurit India Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Saint-Gobain Sekurit India Ltd is a average quality company.

2. Is Saint-Gobain Sekurit India Ltd undervalued or overvalued?

The key valuation ratios of Saint-Gobain Sekurit India Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Saint-Gobain Sekurit India Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Saint-Gobain Sekurit India 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 Saint-Gobain Sekurit:

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.
Saint-Gobain Sekurit India 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 % 1.7%8.7%10%7.8%12.6%11.9%8.4%6.9%15.7%12.9%-
Value Creation
Index
-0.9-0.4-0.3-0.5-0.1-0.2-0.4-0.50.1-0.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 104133141123146160135105151186199
Sales YoY Gr.-28.1%6%-12.3%18.6%9.1%-15.5%-22.3%44.2%23.2%-
Adj EPS 0.10.80.90.71.31.41.212.82.63.5
YoY Gr.-435.7%13.3%-17.7%90%8.3%-20.1%-12.2%180.2%-7.8%-
BVPS (₹) 8.18.88.89.51112.814.215.519.819.921
Adj Net
Profit
1.36.97.76.412.113.110.59.225.823.832
Cash Flow from Ops. 2.915.210.77.216.523.627.12.411.634.1-
Debt/CF from Ops. 200.10.30.30.10.12.30.50.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 6.7%4.9%11.3%23.2%
Adj EPS 38.4%14.4%31.4%-7.8%
BVPS10.5%12.5%11.9%0.5%
Share Price 24.4% 17% 24.6% 54.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
1.799.67.71312.18.56.816.113.217.2
Op. Profit
Mgn %
1013.715.713.118.416.514.516.222.619.219
Net Profit
Mgn %
1.25.25.55.28.38.27.88.81712.816.1
Debt to
Equity
0.1000000000-
Working Cap
Days
11811110910389869913311189173
Cash Conv.
Cycle
37262132474838586352150

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 17.20%

Sales growth is growing at healthy rate in last 3 years 11.34%

Net Profit is growing at healthy rate in last 3 years 31.42%

Sales growth is not so good in last 4 quarters at 9.08%

Latest Financials - Saint-Gobain Sekurit India Ltd.

Standalone Consolidated
TTM EPS (₹) 3.5 -
TTM Sales (₹ Cr.) 199 -
BVPS (₹.) 21 -
Reserves (₹ Cr.) 100 -
P/BV 6.02 -
PE 35.84 -
From the Market
52 Week Low / High (₹) 77.00 / 156.00
All Time Low / High (₹) 4.06 / 156.00
Market Cap (₹ Cr.) 1,150
Equity (₹ Cr.) 91.1
Face Value (₹) 10
Industry PE 46.3

Management X-Ray of Saint-Gobain Sekurit:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Saint-Gobain Sekurit

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
Sales104133141123146160135105151186
Operating Expenses 9511511910812013411689117151
Manufacturing Costs27313331344034253445
Material Costs48626657677361456788
Employee Cost 11131211111212141212
Other Costs 9988898556
Operating Profit 9182216272619163436
Operating Profit Margin (%) 8.9%13.2%15.6%12.8%18.3%16.1%14.0%15.4%22.4%19.2%
Other Income 1123367547
Interest 0000000000
Depreciation 91098998544
Exceptional Items 00-1500000280
Profit Before Tax 18010212318156139
Tax 010477441310
Profit After Tax 0707141613114829
PAT Margin (%) 0.4%5.1%0.0%5.5%9.4%10.1%9.9%10.9%31.5%15.5%
Adjusted EPS (₹)0.10.70.00.71.51.81.51.35.23.2
Dividend Payout Ratio (%)0%0%0%0%0%0%0%80%57%47%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 74808087101116129141180181
Share Capital 91919191919191919191
Reserves -18-11-11-492538508990
Minority Interest0000000000
Debt6012432565
Long Term Debt0000000000
Short Term Debt6012432565
Trade Payables111813981416121313
Others Liabilities 1115486691167
Total Liabilities 10111398106119140156169204207

Fixed Assets

Gross Block1331364759626565656667
Accumulated Depreciation7786816243340434649
Net Fixed Assets56503944383225222018
CWIP 5122000010
Investments 1101523435197103133143
Inventories1312121191311111714
Trade Receivables14191516242218272925
Cash Equivalents 00011170123
Others Assets12211410345533
Total Assets 10111398106119140156169204207

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 31511717242721234
PBT 181510212318156139
Adjustment 811856422-27-3
Changes in Working Capital -6-2-3-6-8413-11-138
Tax Paid 0-1-2-3-3-7-5-4-9-9
Cash Flow From Investing Activity -3-9-10-8-18-21-27-5-2-5
Capex -3-1-7-1-1-3-3-1-3-2
Net Investments -1-9-3-7-18-19-26-4-26-3
Others 00000010260
Cash Flow From Financing Activity 0-6012-1-13-9-28
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 0000000000
Dividend Paid 00000000-9-27
Others 0-6012-1-1300
Net Cash Flow -100001-1101
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)0.568.7808.1214.7214.8310.938.4429.716.01
ROCE (%)1.39.840.5612.5421.7920.4114.3611.2336.921.11
Asset Turnover Ratio1.141.391.491.361.341.240.910.640.810.91
PAT to CFO Conversion(x)INF2.14INF11.211.52.080.180.251.17
Working Capital Days
Receivable Days45414041495354776753
Inventory Days41312830252532383431
Payable Days988587724856911136753

Saint-Gobain Sekurit India Ltd Stock News

Saint-Gobain Sekurit India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Saint-Gobain Sekurit on 28-Mar-2024 16:01 is ₹127.5.
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 Saint-Gobain Sekurit stood at ₹1,150.2.
The latest P/E ratio of Saint-Gobain Sekurit as of 28-Mar-2024 16:01 is 35.84.
The latest P/B ratio of Saint-Gobain Sekurit as of 28-Mar-2024 16:01 is 6.02.
The 52-week high of Saint-Gobain Sekurit is ₹156.0 and the 52-week low is ₹77.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Saint-Gobain Sekurit is ₹198.9 ( Cr.) .

About Saint-Gobain Sekurit India Ltd

Saint-Gobain established its presence in India by acquiring a majority stake in Grindwell Norton Ltd. in 1996, and thereafter went on to consolidate and strengthen its presence within the country.

Saint-Gobain Sekurit is a subsidiary of Saint-Gobain, one of the top 100 industrial companies in the world. Saint-Gobain is active in five main sectors: flat glass, high-performance materials, construction products, building distribution and packaging.

Saint-Gobain Sekurit supplies automotive glazing and modular components for the global vehicle manufacturing segment and the replacement market. The company is present in 22 countries, with 45 per cent market share in the European Market, 23 per cent Worldwide and a rapidly growing presence in Asia.

Saint-Gobain Sekurit India (SGSI), produces laminated and tempered glazing for the Indian Automotive Market and has a presence in several important OEMs like Tata Motors, Hyundai Motors, Toyota Kirloskar Motors, General Motors, Mahindra-Renault, among others. SGSI’s product range includes glasses for passenger cars and MUV’s, Commercial Vehicles, 3-wheelers and bus/coach builders. It has two manufacturing facilities in Pune (Chakan and Bhosari) and a new facility at Sriperumbudur, near Chennai.

In view of the anticipated growth of the automotive segment in India, work on the state-of-the-art greenfield facility was started in 2004 in Sriperumbudur. The state-of-the-art plant is highly flexible, automated and scaleable. It will have an eventual capacity of 2 million car sets for Laminated Windshields, Sidelites and complex Backlites. The Pune facilities at Chakan and Bhosari are being modernized through significant investments and are dedicated to complex Curved Windshields and Backlites.

The Saint-Gobain Sekurit business in India has shown strong growth in the last 4 years and has captured significant market share. With the state-of-the-art technology and capacity additions planned, SGSI is poised to become the supplier of choice among automotive majors in India in the next few years.

Saint-Gobain is organized into three main sectors where it holds a position of world leader:

  • Housing products (building distribution, building materials, pipelines)
  • Glass (flat glass, insulation and reinforcement, packaging)
  • High-performance materials (ceramics & plastics and abrasives)

Saint-Gobain Sekurit supplies different glazing options to the new Exeo that has been presented by Seat in Valencia at the end of February 2009: Windshields with acoustic glazing and heat reflecting glazing, also laminated side glazing or dark tinted glazing behind the B-pillar. These innovative added value glazing reduce the sound level in the vehicle as well as they improve thermal comfort.

Product range of the company includes:

  • Acoustic Glass
  • Anti-Heat Glass
  • Dark Tinted Glass
  • Electrochromic Glass
  • Heatable Glass
  • Hydrophobic Glass
  • Laminated Glass
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