Simmonds Marshall Ltd
Simmonds Marshall Ltd (SML) manufactures specialised cold-forged industrial fasteners, principally for automotive OEMs, from its Chakan, Pune plant. Its portfolio spans self-locking and standard nuts, bolts, studs and precision sleeves/bushes/collars/spacers; consolidated accounts also include 99%-profit-share partnership firm Stud India. [1]
- Market Cap ₹ 268 Cr.
- Current Price ₹ 239
- High / Low ₹ 265 / 101
- Stock P/E 16.3
- Book Value ₹ 52.1
- Dividend Yield 0.33 %
- ROCE 19.7 %
- ROE 28.8 %
- Face Value ₹ 2.00
Pros
- Company has delivered good profit growth of 23.1% CAGR over last 5 years
Cons
- Stock is trading at 4.53 times its book value
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 144 | 145 | 155 | 188 | 195 | 152 | 134 | 157 | 186 | 192 | 208 | 238 | 249 | |
| 125 | 130 | 138 | 166 | 179 | 152 | 138 | 147 | 174 | 175 | 183 | 207 | 216 | |
| Operating Profit | 19 | 16 | 16 | 21 | 15 | -0 | -3 | 10 | 12 | 17 | 25 | 31 | 34 |
| OPM % | 13% | 11% | 11% | 11% | 8% | -0.1% | -2.6% | 7% | 6% | 9% | 12% | 13% | 13% |
| 0 | 0 | 0 | 1 | 1 | 0 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | |
| Interest | 4 | 4 | 3 | 3 | 4 | 5 | 8 | 9 | 9 | 9 | 9 | 8 | 8 |
| Depreciation | 4 | 4 | 4 | 4 | 5 | 5 | 7 | 7 | 7 | 7 | 8 | 7 | 7 |
| Profit before tax | 11 | 8 | 10 | 15 | 8 | -11 | -18 | -5 | -3 | 3 | 9 | 16 | 19 |
| Tax % | 36% | 36% | 35% | 31% | 26% | -28% | -0% | -0% | 3% | 1% | 0% | 10% | |
| 7 | 5 | 6 | 10 | 6 | -8 | -18 | -5 | -3 | 3 | 9 | 15 | 16 | |
| EPS in Rs | 6.62 | 4.21 | 5.67 | 8.94 | 5.23 | -6.92 | -15.96 | -4.29 | -2.42 | 2.91 | 8.00 | 13.21 | 14.65 |
| Dividend Payout % | 8% | 12% | 9% | 8% | 10% | -7% | 0% | 0% | 0% | 0% | 0% | 6% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 12% |
| 3 Years: | 9% |
| TTM: | 17% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 23% |
| 3 Years: | 95% |
| TTM: | 64% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 42% |
| 3 Years: | 59% |
| 1 Year: | 55% |
| Return on Equity | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | 9% |
| 3 Years: | 20% |
| Last Year: | 29% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Reserves | 41 | 45 | 52 | 61 | 65 | 56 | 38 | 33 | 30 | 34 | 42 | 56 |
| 35 | 32 | 32 | 28 | 37 | 47 | 91 | 89 | 84 | 84 | 83 | 67 | |
| 27 | 20 | 25 | 32 | 36 | 34 | 46 | 41 | 50 | 41 | 47 | 43 | |
| Total Liabilities | 105 | 100 | 111 | 123 | 141 | 140 | 177 | 165 | 166 | 161 | 174 | 169 |
| 27 | 23 | 29 | 28 | 29 | 26 | 83 | 78 | 72 | 67 | 74 | 73 | |
| CWIP | 0 | 0 | 0 | 1 | 1 | 19 | 0 | 0 | 0 | 5 | 1 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 78 | 76 | 82 | 94 | 111 | 95 | 94 | 87 | 94 | 88 | 100 | 95 | |
| Total Assets | 105 | 100 | 111 | 123 | 141 | 140 | 177 | 165 | 166 | 161 | 174 | 169 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9 | 9 | 9 | 11 | -0 | 14 | 7 | 14 | 13 | 17 | 16 | 32 | |
| -6 | -2 | -8 | -3 | -5 | -17 | -8 | -4 | -1 | -7 | -7 | -2 | |
| -2 | -8 | -3 | -8 | 6 | 2 | 0 | -11 | -13 | -10 | -9 | -29 | |
| Net Cash Flow | 0 | -0 | -3 | -1 | 0 | 0 | -0 | -0 | 0 | -0 | 0 | -0 |
| Free Cash Flow | 2 | 8 | 0 | 7 | -6 | -2 | -1 | 10 | 12 | 7 | 9 | 29 |
| CFO/OP | 65% | 85% | 75% | 70% | 21% | -16,111% | -194% | 132% | 117% | 99% | 67% | 102% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 87 | 86 | 94 | 96 | 76 | 46 | 74 | 59 | 49 | 43 | 54 | 51 |
| Inventory Days | 223 | 197 | 203 | 206 | 306 | 395 | 355 | 316 | 287 | 241 | 275 | 212 |
| Days Payable | 109 | 85 | 115 | 144 | 149 | 165 | 230 | 191 | 183 | 132 | 160 | 132 |
| Cash Conversion Cycle | 201 | 199 | 182 | 159 | 232 | 276 | 199 | 185 | 153 | 153 | 168 | 131 |
| Working Capital Days | 70 | 77 | 86 | 84 | 92 | 58 | 31 | 26 | 20 | 26 | 42 | 59 |
| ROCE % | 21% | 15% | 15% | 20% | 12% | -5% | -8% | 3% | 5% | 9% | 14% | 20% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Energy consumption per tonne of production KWH/Tonne ・Standalone data |
|
|||||||||
| Export revenue (FOB value) Rs lakhs ・Standalone data |
||||||||||
| Permanent employees count ・Standalone data |
||||||||||
| Commercial vehicle segment revenue share % of total operating income |
||||||||||
| Tractor segment revenue share % of total operating income |
||||||||||
| Two-wheeler segment revenue share % of total operating income |
||||||||||
| Top 5 customer concentration % of total operating income |
||||||||||
Extracted by Screener AI
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
- Enclosed herewith Newspaper clippings having information regarding evoting and other details.
- Record Date And Book Closure
-
Announcement under Regulation 30 (LODR)-Date of payment of Dividend
- Book closure September 16-22, 2026; record date September 15 for 40% dividend, Rs.0.80 per share.
-
Regulation 36(1)(B) Of SEBI (LODR) Regulations, 2015
- 66th AGM on September 22, 2026; annual report shared and shareholders asked to update KYC.
- Reg. 34 (1) Annual Report.
Annual reports
-
Annual Report 2026
from bse
-
Annual Report 2025
from bse
-
Annual Report 2024
from bse
-
Annual Report 2023
from bse
-
Annual Report 2022
from bse
-
Annual Report 2021
from bse
-
Annual Report 2020
from bse
-
Annual Report 2019
from bse
-
Annual Report 2018
from bse
-
Annual Report 2017
from bse
-
Annual Report 2016
from bse
-
Annual Report 2015
from bse
-
Annual Report 2014
from bse
-
Annual Report 2013
from bse
-
Annual Report 2012
from bse
Product Profile:[1]
Core range includes Cleveloc /all-metal
and nylon-insert self-locking nuts, U-nuts, wheel nuts, dome/cap nuts, castle /slotted nuts, hose/pipe-fitting nuts, flange /serrated, hexagon, cage and weld nuts; Phillidas Industrial, Turret and Mark V locknuts;
high-tensile hex /flange /knurled-wheel bolts, screws and studs; and cold-forged sleeves, bushes, collars and spacers. Products are used in wheel, engine, transmission, chassis and other automotive/industrial fastening applications. Product-wise revenue and margin are not disclosed.