Simmonds Marshall Ltd

Simmonds Marshall is primarily engaged in the business of manufacture of Industrial Fasteners such as nuts, bolts etc.

  • Market Cap: 49.84 Cr.
  • Current Price: 44.50
  • 52 weeks High / Low 54.00 / 17.10
  • Book Value: 52.02
  • Stock P/E:
  • Dividend Yield: 1.12 %
  • ROCE: -4.87 %
  • ROE: -12.26 %
  • Sales Growth (3Yrs): -0.77 %
  • Listed on BSE
  • Company Website
  • Face Value: 2.00
Edit ratios
Pros:
Stock is trading at 0.86 times its book value
Debtor days have improved from 72.86 to 44.67 days.
Cons:
Company has low interest coverage ratio.
The company has delivered a poor growth of 0.95% over past five years.
Company has a low return on equity of 4.34% for last 3 years.

Peer comparison Sector: Castings, Forgings & Fastners // Industry: Fasteners

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
46.89 46.18 46.85 42.01 49.49 49.03 41.26 42.23 36.11 31.74 31.62 7.63
40.60 40.31 41.02 38.65 43.36 45.52 39.42 38.77 36.01 32.49 34.99 14.79
Operating Profit 6.29 5.87 5.83 3.36 6.13 3.51 1.84 3.46 0.10 -0.75 -3.37 -7.16
OPM % 13.41% 12.71% 12.44% 8.00% 12.39% 7.16% 4.46% 8.19% 0.28% -2.36% -10.66% -93.84%
Other Income 0.19 0.03 0.30 0.08 0.15 0.76 0.04 0.05 0.05 0.07 0.13 0.20
Interest 0.69 0.77 1.02 0.75 0.75 0.97 1.16 1.01 1.14 1.36 1.26 1.26
Depreciation 0.99 0.95 0.91 1.05 1.10 1.18 1.17 1.40 1.45 1.45 1.09 1.15
Profit before tax 4.80 4.18 4.20 1.64 4.43 2.12 -0.45 1.10 -2.44 -3.49 -5.59 -9.37
Tax % 35.42% 31.10% 22.86% 28.05% 28.44% 35.85% 113.33% 47.27% 34.02% 25.79% 26.83% 0.00%
Net Profit 3.11 2.88 3.24 1.17 3.17 1.37 0.06 0.57 -1.60 -2.59 -4.09 -9.36
EPS in Rs 2.78 2.57 2.90 1.04 2.83 1.22 0.05 0.51 -1.43 -2.31 -3.65 -8.36
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
33 48 71 91 90 104 135 136 145 175 182 142 107
28 38 55 74 80 93 117 121 129 154 167 142 118
Operating Profit 5 10 16 17 11 12 18 16 16 21 15 0 -11
OPM % 15% 21% 23% 18% 12% 11% 14% 11% 11% 12% 8% 0% -10%
Other Income 1 0 0 0 0 1 0 0 1 1 1 0 0
Interest 2 2 2 3 4 3 4 4 3 3 4 5 5
Depreciation 1 1 1 2 2 2 4 4 4 4 4 5 5
Profit before tax 3 7 13 12 5 7 11 8 10 14 8 -10 -21
Tax % 36% 36% 33% 34% 33% 37% 36% 36% 34% 30% 25% 26%
Net Profit 2 4 8 8 3 4 7 5 6 10 6 -8 -18
EPS in Rs 7.54 6.91 3.00 3.83 6.26 4.31 5.66 8.98 5.15 -6.88 -15.75
Dividend Payout % 15% 10% 7% 7% 16% 13% 8% 11% 9% 8% 10% 0%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:11.41%
5 Years:0.95%
3 Years:-0.77%
TTM:-41.16%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-441.20%
Stock Price CAGR
10 Years:-2.00%
5 Years:-11.84%
3 Years:-18.10%
1 Year:-14.59%
Return on Equity
10 Years:11.61%
5 Years:6.82%
3 Years:4.34%
Last Year:-12.26%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Corp Actions
Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
2 2 2 2 2 2 2 2 2 2 2 2
Reserves 8 13 21 28 31 35 41 45 52 61 65 56
Borrowings 17 14 20 31 32 31 35 32 32 28 37 43
9 9 11 14 13 16 25 18 23 29 32 36
Total Liabilities 36 38 54 76 79 83 103 98 108 120 137 137
11 12 13 22 22 21 26 22 28 28 28 26
CWIP 0 0 0 0 0 0 0 0 0 1 1 19
Investments 0 0 0 2 3 3 3 4 4 4 4 4
25 27 40 52 54 58 74 72 76 88 105 89
Total Assets 36 38 54 76 79 83 103 98 108 120 137 137

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
2 7 2 7 6 8 9 9 9 11 -2 14
-3 -2 -3 -12 -3 -4 -6 -1 -8 -3 -3 -17
0 -4 3 7 -4 -5 -2 -8 -3 -8 6 3
Net Cash Flow -1 1 2 2 0 -1 0 -0 -2 -1 0 0

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 17% 32% 42% 30% 14% 15% 21% 15% 15% 20% 12% -5%
Debtor Days 91 93 87 91 94 92 89 87 94 98 76 45
Inventory Turnover 1.48 1.98 2.09 2.15 1.88 2.06 1.91 1.76 1.94 1.92 1.44 0.86

Shareholding pattern in percentages

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
56.67 56.67 56.67 56.67 56.67 56.50 58.12 58.12 58.12 58.12 58.37 58.41
1.96 1.96 2.52 2.59 2.45 0.82 0.88 0.89 0.91 0.97 0.97 1.00
41.37 41.37 40.80 40.73 40.88 42.69 40.99 40.99 40.96 40.90 40.67 40.59