Sobhagya Mercantile Ltd

Sobhagya Mercantile Ltd

₹ 225 1.99%
05 Dec 3:14 p.m.
About

Incorporated in 1983, Sobhagya Mercantile Ltd is in the business of Engineering Consultancy and Metal (Aggregate) Sales[1]

Key Points

Business Overview:[1][2]
SML, a part of the MKS Group, operates in infrastructure and allied activities, focusing on construction, infrastructure engineering, mining, equipment leasing, and steel manufacturing. The company also provides customer-focused solutions to both private and public entities, catering to a wide range of projects.

  • Market Cap 189 Cr.
  • Current Price 225
  • High / Low 225 / 7.88
  • Stock P/E 18.2
  • Book Value 81.8
  • Dividend Yield 0.00 %
  • ROCE 33.8 %
  • ROE 28.0 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 36.6%
  • Debtor days have improved from 98.1 to 60.5 days.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend

* 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.

Peer comparison

Sector: Diversified Industry: Diversified - Medium / Small

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Quarterly Results

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
18.89 13.08 17.60 19.12 15.17 31.96 45.65 36.35 23.57 27.43 32.76 26.39 29.11
15.74 10.35 13.90 15.91 13.37 27.69 39.16 31.23 20.45 23.44 27.01 23.03 24.88
Operating Profit 3.15 2.73 3.70 3.21 1.80 4.27 6.49 5.12 3.12 3.99 5.75 3.36 4.23
OPM % 16.68% 20.87% 21.02% 16.79% 11.87% 13.36% 14.22% 14.09% 13.24% 14.55% 17.55% 12.73% 14.53%
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest 0.12 0.12 0.13 0.14 0.45 0.18 0.12 0.50 0.19 0.71 0.32 0.19 0.21
Depreciation 0.13 0.13 0.13 0.11 0.13 0.11 0.14 0.12 0.14 0.14 0.14 0.23 0.19
Profit before tax 2.90 2.48 3.44 2.96 1.22 3.98 6.23 4.50 2.79 3.14 5.29 2.94 3.83
Tax % 16.90% 18.15% 9.30% 20.27% 27.87% 25.13% 27.61% 25.11% 25.09% 31.53% 25.71% 25.17% 44.91%
2.41 2.03 3.12 2.36 0.88 2.97 4.51 3.37 2.09 2.16 3.94 2.20 2.11
EPS in Rs 2.87 2.42 3.71 2.81 1.05 3.54 5.37 4.01 2.49 2.57 4.69 2.62 2.51
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
0 0 0 0 0 0 0 11 42 67 109 115 116
0 0 0 0 0 0 0 5 32 58 96 102 98
Operating Profit -0 -0 -0 -0 0 -0 -0 6 10 9 12 13 17
OPM % 0% -50% -100% 58% 24% 14% 11% 11% 15%
0 0 0 0 0 0 0 0 0 5 3 5 0
Interest 0 0 0 0 0 0 0 0 0 0 1 2 1
Depreciation 0 0 0 0 0 0 0 0 0 1 0 1 1
Profit before tax -0 -0 -0 -0 0 -0 -0 6 9 13 14 16 15
Tax % 0% 0% 0% 0% 0% 0% 4% 15% 16% 26% 26%
-0 -0 -0 -0 0 -0 -0 6 8 11 11 12 10
EPS in Rs -0.01 -0.01 -0.02 -0.05 0.00 -0.02 -0.05 7.01 9.42 13.05 12.77 13.79 12.39
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 392%
3 Years: 40%
TTM: -16%
Compounded Profit Growth
10 Years: 103%
5 Years: 211%
3 Years: 14%
TTM: -20%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 369%
1 Year: %
Return on Equity
10 Years: 45%
5 Years: 45%
3 Years: 37%
Last Year: 28%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 0.24 0.24 0.24 0.24 0.24 0.24 0.24 0.24 0.24 0.24 0.24 0.24 8
Reserves 0 -0 -0 -0 -0 -0 -0 6 14 25 35 47 60
0 0 0 0 0 0 0 5 7 2 7 14 6
0 -0 -0 0 0 0 0 4 14 25 45 26 44
Total Liabilities 0 0 0 0 0 0 0 15 35 52 88 87 119
0 0 0 0 0 0 0 1 2 1 2 2 2
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 10 13 5 0 0 0
0 0 0 0 0 0 0 4 21 46 85 84 116
Total Assets 0 0 0 0 0 0 0 15 35 52 88 87 119

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-0 -0 -0 -0 0 -0 -0 1 -1 -14 -2 4
0 0 0 0 0 0 0 -6 2 13 3 -1
0 0 0 0 0 0 0 5 1 -0 -1 -2
Net Cash Flow -0 0 0 0 0 0 0 0 2 -2 0 2

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 0 0 0 104 129 62 172 61
Inventory Days 2 5 9 17
Days Payable 339 285 396 186
Cash Conversion Cycle 0 0 0 104 -208 -218 -216 -108
Working Capital Days 91 91 0 8 37 115 129 176
ROCE % -3% -3% -6% -13% 0% -7% -15% 109% 60% 57% 44% 34%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
34.51% 34.51% 34.51% 34.51% 34.51% 34.51% 34.51% 34.51% 34.51% 34.51% 75.00% 75.00%
65.49% 65.49% 65.49% 65.49% 65.49% 65.49% 65.49% 65.49% 65.49% 65.48% 25.00% 25.00%
No. of Shareholders 150153157162162162162163163170209228

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