Starlit Power Systems Ltd - Stock Valuation and Financial Performance

BSE: 538733 | NSE: | Metal - Non Ferrous | Small Cap

Starlit Power System Share Price

4.13 -0.21 -4.84%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Starlit Power System

M-Cap below 100cr DeciZen not available

Starlit Power Systems stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
4.2 Cr.
52-wk low:
3.8
52-wk high:
8.4

Is Starlit Power Systems Ltd an attractive stock to invest in?

1. Is Starlit Power Systems Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Starlit Power Systems Ltd is a below average quality company.

2. Is Starlit Power Systems Ltd undervalued or overvalued?

The key valuation ratios of Starlit Power Systems Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

3. Is Starlit Power Systems Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Starlit Power Systems 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 Starlit Power System:

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.
Starlit Power Systems Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 8.8%-10.3%-8.3%-7.2%-15.6%-8.8%-2.8%-13.1%-3.1%-60.3%-
Value Creation
Index
-0.4-1.7-1.6-1.5NANANANANANA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 42.63123.577.212.811.517.88.50.61
Sales YoY Gr.--27.1%-24.3%-70.4%4%77.2%-10.2%54.4%-52.1%-93.4%-
Adj EPS 0.1-5.2-4.4-3.8-5.7-4-1.7-4.8-2.3-13.5-13.5
YoY Gr.--8833.3%NANANANANANANANA-
BVPS (₹) 14.28.17.23.7-2.4-6.1-7.8-12.6-14.9-28.4-31.2
Adj Net
Profit
0-4-4.5-3.9-5.8-4-1.7-4.8-2.3-13.6-14
Cash Flow from Ops. -3.300.12.2-3.81.1-0.9-3.41.20.3-
Debt/CF from Ops. -4.30471.811.3-8.230.5-40.7-11.834.4162.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -38.2%-40.1%-63.5%-93.4%
Adj EPS -282.6%NANANA
BVPS-208%NANANA
Share Price - -18.2% -35.6% -34.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
0.6-56.5-66.3-66.7-603.693.824.346.816.962.445.3
Op. Profit
Mgn %
6.1-6.4-15.3-40.1-23.2-23.5-17.3-22.2-3.4-80.8-563.6
Net Profit
Mgn %
0.1-12.9-18.9-55.6-79.9-31.5-14.8-27-27.4-2430.6-2427
Debt to
Equity
1.83.43.26.8-12.6-5.2-4.4-3.2-2.7-1.5-
Working Cap
Days
1001861835604662833131913514,2330
Cash Conv.
Cycle
38786216116611312233812,4780

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 45.30%

Sales growth has been subdued in last 3 years -63.48%

Sales growth is not so good in last 4 quarters at -49.62%

Latest Financials - Starlit Power Systems Ltd.

Standalone Consolidated
TTM EPS (₹) -13.5 -3.7
TTM Sales (₹ Cr.) 0.6 10.5
BVPS (₹.) -31.2 0
Reserves (₹ Cr.) -41 -17
P/BV -0.13 0.00
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 3.80 / 8.39
All Time Low / High (₹) 3.80 / 25.70
Market Cap (₹ Cr.) 4.2
Equity (₹ Cr.) 10.1
Face Value (₹) 10
Industry PE 11.7

Management X-Ray of Starlit Power System:

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 Starlit Power System

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
Sales42.5631.0323.506.957.2312.8111.5017.758.510.56
Operating Expenses 39.9733.0327.099.739.9115.8213.4921.688.801.01
Manufacturing Costs0.8201.100.811.030.791.551.820.660
Material Costs37.3629.1823.447.316.0712.629.6417.667.380.71
Employee Cost 0.641.090.810.470.770.941.371.130.270.11
Other Costs 1.152.761.731.142.041.470.941.070.490.19
Operating Profit 2.59-1.99-3.59-2.78-2.68-3.01-1.99-3.93-0.29-0.45
Operating Profit Margin (%) 6.1%-6.4%-15.3%-40.1%-37.1%-23.5%-17.3%-22.2%-3.4%-80.8%
Other Income 0.060.020.260.051.041.230.050.270.400.41
Interest 1.982.082.942.471.812.351.371.822.162.21
Depreciation 0.440.661.131.04110.980.990.990.99
Exceptional Items 0000000000
Profit Before Tax 0.23-4.71-7.40-6.25-4.46-5.12-4.29-6.48-3.05-3.24
Tax 0.19-0.71-2.95-2.382.02-1.08-2.59-1.68-0.7110.36
Profit After Tax 0.04-4.01-4.45-3.86-6.48-4.03-1.70-4.80-2.33-13.60
PAT Margin (%) 0.1%-12.9%-18.9%-55.6%-89.6%-31.5%-14.8%-27.0%-27.4%-2,430.6%
Adjusted EPS (₹)0.1-5.2-4.4-3.8-6.4-4.0-1.7-4.8-2.3-13.5
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 7.966.217.224.37-2.45-6.15-7.85-12.65-14.98-28.62
Share Capital 4.486.128.0510.0610.0610.0610.0610.0610.0610.06
Reserves 3.490.09-0.83-5.70-12.52-16.21-17.91-22.71-25.04-38.68
Minority Interest0000000000
Debt13.9621.2222.9725.0530.8731.8434.4739.9040.9142.67
Long Term Debt6.9210.619.969.7228.9229.8332.4537.9338.9940.98
Short Term Debt7.0410.6113.0115.331.952.022.021.971.921.68
Trade Payables5.284.977.027.274.587.577.556.705.516.01
Others Liabilities 2.490.68-2.88-5.16-3.15-3.99-6.76-7.61-7.990.78
Total Liabilities 29.6933.0834.3331.5229.8529.2827.4126.3423.4520.84

Fixed Assets

Gross Block7.9720.4619.4119.4217.3517.4117.5517.6717.6817.59
Accumulated Depreciation1.061.722.193.193.244.245.226.217.218.11
Net Fixed Assets6.9118.7417.2216.2414.1013.1712.3311.4610.479.48
CWIP 4.8304.525.595.595.595.595.595.595.59
Investments 0.100.100.100.100.100.100000
Inventories3.878.675.532.343.733.885.342.070.960.29
Trade Receivables7.792.374.744.435.225.163.186.445.234.74
Cash Equivalents 0.030.390.070.040.490.140.030.150.180
Others Assets6.162.812.162.770.621.230.940.631.020.74
Total Assets 29.6933.0834.3331.5229.8529.2827.4126.3423.4520.84

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -3.2500.052.23-3.751.05-0.85-3.381.190.26
PBT 0.230-7.40-6.25-4.46-5.12-4.29-6.48-3.05-3.24
Adjustment 1.5604.364.654.143.632.352.813.163.15
Changes in Working Capital -5.0403.093.82-3.432.531.10.291.080.35
Tax Paid 0000000000
Cash Flow From Investing Activity -7.090-4.44-1.870.17-0.07-0.52-0.12-0.010.01
Capex -6.990-4.28-1.960.14-0.07-0.14-0.12-0.010.01
Net Investments -0.10000000000
Others 00-0.170.090.040-0.38000
Cash Flow From Financing Activity 10.3404.07-0.384.02-1.321.253.62-1.15-0.45
Net Proceeds from Shares 4.1105.120000000
Net Proceeds from Borrowing 2.83000000001.99
Interest Paid -1.120-2.80-2.45-1.81-2.29-1.37-1.82-2.16-2.21
Dividend Paid 0000000000
Others 4.5201.742.075.830.972.625.441.01-0.23
Net Cash Flow 00-0.32-0.020.45-0.34-0.110.120.03-0.18
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)0.6-56.53-66.29-70.83N/AN/AN/AN/AN/AN/A
ROCE (%)13.63-10.69-15.48-12.82N/AN/AN/AN/AN/AN/A
Asset Turnover Ratio2.160.990.780.210.240.430.410.660.340.03
PAT to CFO Conversion(x)-81.25N/AN/AN/AN/AN/AN/AN/AN/AN/A
Working Capital Days
Receivable Days456050241244148132992503,252
Inventory Days2574992071531081467665408
Payable Days3364933573561762861473022,955

Starlit Power Systems Ltd Stock News

Starlit Power Systems Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Starlit Power System on 28-Mar-2024 16:01 is ₹4.13.
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 Starlit Power System stood at ₹4.16.
The latest P/E ratio of Starlit Power System as of 28-Mar-2024 16:01 is 0.00.
The latest P/B ratio of Starlit Power System as of 28-Mar-2024 16:01 is -0.13.
The 52-week high of Starlit Power System is ₹8.39 and the 52-week low is ₹3.80.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Starlit Power System is ₹0.56 ( Cr.) .

About Starlit Power Systems Ltd

Starlit Power Systems is a group company of the diversified Starlit Group. The company was incorporated in the year 2008 with its focus Lead and based products. It is engaged in Smelting of Battery & Lead Scrap, manufacture, supply and export of pure lead, different Lead Alloys like Calcium Aluminum alloy Antimonial Alloy and Selenium Alloy, Lead Oxides like Lead Sub Oxide and Red Lead. It has the smelting capacity of 15000 MT per annum and refining/alloying capacity of over 12000 MT per annum with technical capacity to convert assorted heterogeneous lead scrap into pure lead of upto 99.98% purity. Committing to quality & environment protection, the company works on streamlined processes and principles. The company uses producer gas as a fuel for all smelting and refining operations. The producer gas is generated captive biomass gassifier plant thereby considerably reducing dependence on Hydro-carbons like furnace oil and diesel. The biomass gassifier technology is Developed by TERI and approved by Ministry of New & Renewable Energy, Government of India.

The company’s plant has been selected as successful demonstration manufacturing plant by United Nations Environment Program (UNEP), Japan for efficient energy operation. The company is an ISO 9001:2008 & ISO 14001:2004 certified company and all the systems & procedures are documented as per certification requirements. Stringent quality measures & processes are implemented at each stage right from the procurement of raw material till the final dispatch of finished products.

Recently, the company has commissioned its battery project with the capacity to produce 10,000 batteries for automotive and inverter applications. Lead being an essential input in battery manufacturing and comprising over two-third of the battery cost, for this forward integration of converting the company produced lead into batteries was a logical step forward for the company. The project was being built for the last two and half years and commercial production was finally commissioned in July, 2014.

Product Portfolio

  • Remelted Lead: The smelting process adopted produces soft & hard lead.
  • Refined Lead or Pure Lead (99.97%): The refining process adopted produces Refined Lead Ingots with a minimum purity level of 99.975 % by weight but achieves purity level of 99.98% in most cases.
  • Lead Sub-Oxide or Grey Oxide: Lead Sub-Oxide/Grey Oxide is manufactured through Ball Mill Process using refined lead with minimum 99.97 % purity.
  • Red Lead Oxide: Red Lead Oxide is manufactured from Lead Sub-Oxide/Grey Oxide which is manufactured from above process refined lead with minimum 99.97 % purity.
  • Lead Alloys: Lead - Calcium Alloy, Antimony Alloy, Antimony-Selenium Alloy All products are produced adhering to the highest norms of safety. SPSL has the wherewithal to produce customized Lead Alloys as may be required for specialized applications.
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