Signet Industries Ltd - Stock Valuation and Financial Performance

BSE: 512131 | NSE: SIGIND | Trading | Small Cap

Signet Industries Share Price

71.23 0.93 1.32%
as on 05-Nov'24 00:00

DeciZen - make an informed investing decision on Signet Industries

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Semi Strong

Signet Industries stock performance -

mw4me loader
P/E Ratio (SA):
16.63
Market Cap:
212 Cr.
52-wk low:
52.2
52-wk high:
97

Is Signet Industries Ltd an attractive stock to invest in?

1. Is Signet Industries Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Signet Industries Ltd is a good quality company.

2. Is Signet Industries Ltd undervalued or overvalued?

The key valuation ratios of Signet Industries Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

3. Is Signet Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Signet Industries Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Signet Industries:

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.
Signet Industries Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 19.2%21.2%18.6%17.9%17%15.4%12.9%11.1%12.4%14.9%-
Value Creation
Index
0.40.50.30.30.20.1-0.1-0.2-0.10.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 6567949129049768838278771,0181,2131,177
Sales YoY Gr.-20.9%15%-1%8%-9.5%-6.3%6.1%16%19.2%-
Adj EPS 3.96.366.34.74.24.32.84.55.14.3
YoY Gr.-61%-4.5%4.2%-24.8%-9.8%1.2%-35%62.4%11.7%-
BVPS (₹) 29.935.947.252.856.759.964.166.370.174.874.9
Adj Net
Profit
11.418.317.718.413.912.512.68.213.314.913
Cash Flow from Ops. 64.628.215.22084.211.6733.650.730.4-
Debt/CF from Ops. 36.913.712.22.521.142.49.26.111-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 7.1%4.5%13.6%19.2%
Adj EPS 2.9%1.5%5.7%11.7%
BVPS10.7%5.7%5.3%6.6%
Share Price -13% 25.6% 17.5% 3.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
14.517.213.912.58.67.36.94.36.675.8
Op. Profit
Mgn %
8.88.66.97.77.37.77.676.96.96.8
Net Profit
Mgn %
1.72.31.921.41.41.50.91.31.21.1
Debt to
Equity
21.71.51.61.31.41.61.61.51.5-
Working Cap
Days
21018517719819522726125922419699
Cash Conv.
Cycle
847078948910013214413111927

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 13.62%

Debt to equity has declined versus last 3 years average to 1.52

Return on Equity has declined versus last 3 years average to 5.80%

Net Profit has been subdued in last 3 years 5.66%

Sales growth is not so good in last 4 quarters at 9.12%

Latest Financials - Signet Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 4.3 -
TTM Sales (₹ Cr.) 1,177 -
BVPS (₹.) 74.9 -
Reserves (₹ Cr.) 191 -
P/BV 0.96 -
PE 16.63 -
From the Market
52 Week Low / High (₹) 52.24 / 97.00
All Time Low / High (₹) 0.12 / 745.00
Market Cap (₹ Cr.) 212
Equity (₹ Cr.) 29.4
Face Value (₹) 10
Industry PE 70.2

Management X-Ray of Signet Industries:

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 Signet Industries

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales6567949129049768838278771,0181,213
Operating Expenses 5997278498349058167648169481,129
Manufacturing Costs10111414192019212631
Material Costs5436638007748317316887308421,011
Employee Cost 12141619242222262729
Other Costs 34392027304335395359
Operating Profit 57676370716763626984
Operating Profit Margin (%) 8.7%8.4%6.9%7.7%7.3%7.6%7.6%7.0%6.8%6.9%
Other Income 7344222135
Interest 43403841444446434456
Depreciation 67777889910
Exceptional Items 1000002000
Profit Before Tax 16232326221712121923
Tax 465785-2368
Profit After Tax 1217181814121481315
PAT Margin (%) 1.8%2.2%2.0%2.0%1.4%1.3%1.7%0.9%1.3%1.3%
Adjusted EPS (₹)4.05.86.36.34.74.04.72.84.45.3
Dividend Payout Ratio (%)0%9%8%8%11%12%11%18%11%10%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 98116139155167176189195206220
Share Capital 40402929292929292929
Reserves 5876109126137147159166177191
Minority Interest0000000000
Debt163180201236203238271288291312
Long Term Debt60544540354274806548
Short Term Debt104126156196168196198207227264
Trade Payables182173204186251205219190181184
Others Liabilities 77664438343550455052
Total Liabilities 520534588616655654729718729768

Fixed Assets

Gross Block1131167992103105116122134141
Accumulated Depreciation3238713202834435261
Net Fixed Assets81777279827781798279
CWIP 0041002510
Investments 0000000011
Inventories117103128165197192222252265274
Trade Receivables228265307291293302327312302345
Cash Equivalents 40342832301921141517
Others Assets54544847536476556352
Total Assets 520534588616655654729718729768

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 6528152084127345130
PBT 15232326221710121923
Adjustment 42444245485153515162
Changes in Working Capital 14-35-48-4024-51-52-26-12-50
Tax Paid -6-3-2-11-10-5-4-2-7-5
Cash Flow From Investing Activity 374-5-9-99-13-9-60
Capex -5-3-5-12-9-2-13-9-7-6
Net Investments 0000-310-1-1-33
Others 42703212154
Cash Flow From Financing Activity -91-35-22-7-80-133-32-44-32
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 00037-3400000
Interest Paid -43-41-39-41-44-44-46-43-44-56
Dividend Paid -40-2-2-2-2-2-2-2-2
Others -4461900335112226
Net Cash Flow 11-3-114-57-3-71-1
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)16.5718.1215.112.568.526.877.644.36.57.25
ROCE (%)19.1721.1718.6217.916.9915.4312.8511.0612.4214.86
Asset Turnover Ratio1.291.531.671.511.541.351.21.211.411.62
PAT to CFO Conversion(x)5.421.650.831.11610.54.253.922
Working Capital Days
Receivable Days12811111212010912313913311097
Inventory Days56504559688091999381
Payable Days112988692961141121028066

Signet Industries Ltd Stock News

Signet Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Signet Industries on 05-Nov-2024 00:00 is ₹71.23.
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 05-Nov-2024 00:00 the market cap of Signet Industries stood at ₹211.9.
The latest P/E ratio of Signet Industries as of 05-Nov-2024 00:00 is 16.63.
The latest P/B ratio of Signet Industries as of 05-Nov-2024 00:00 is 0.96.
The 52-week high of Signet Industries is ₹97.00 and the 52-week low is ₹52.24.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Signet Industries is ₹1,177 ( Cr.) .

About Signet Industries Ltd

Signet Industries, earlier know as Signet Overseas, was incorporated in the year 1985. Its registered office is located at 308 Acme Plaza, Opp Sangam Cinema, Andheri Kurla Road, Andheri E, Mumbai - 400059, Maharashtra.

The company belongs to the Signet group which has a diverse portfolio ranging from international trading and domestic distribution of polymers, chemicals, jumbo and raffia bags to spices, wax, plastics and power generation.

Business profile:

The company is engaged in the manufacture, trade, and export of poly products in India. It distributes HDPE, LDPE, PVC, PP, and PET resins.

The company also involves in the manufacture of various plastic products; and the distribution of chemical products, including food chemicals, phosphate, and paints. In addition, it operates wind turbine power unit; and offers wax products and spices.

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