Smiths & Founders (India) Ltd
Incorporated in 1990, Smiths & Founders Ltd
is engaged in the business of ferrous forgings.[1]
- Market Cap ₹ 103 Cr.
- Current Price ₹ 10.1
- High / Low ₹ 10.9 / 3.80
- Stock P/E 151
- Book Value ₹ 2.09
- Dividend Yield 0.00 %
- ROCE 4.52 %
- ROE 3.30 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Stock is trading at 4.83 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 9.65% over past five years.
- Promoter holding is low: 28.7%
- Company has a low return on equity of 3.96% over last 3 years.
- Earnings include an other income of Rs.0.97 Cr.
* 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
Industrials Capital Goods Industrial Products Castings & Forgings
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 6.54 | 7.82 | 7.53 | 8.83 | 10.16 | 8.08 | 8.82 | 11.03 | 10.46 | 11.66 | 13.22 | 13.98 | |
| 7.15 | 8.73 | 8.01 | 8.40 | 10.67 | 8.45 | 7.90 | 9.26 | 9.66 | 10.63 | 11.49 | 12.82 | |
| Operating Profit | -0.61 | -0.91 | -0.48 | 0.43 | -0.51 | -0.37 | 0.92 | 1.77 | 0.80 | 1.03 | 1.73 | 1.16 |
| OPM % | -9.33% | -11.64% | -6.37% | 4.87% | -5.02% | -4.58% | 10.43% | 16.05% | 7.65% | 8.83% | 13.09% | 8.30% |
| 0.09 | 0.86 | 0.68 | 0.01 | 0.04 | 0.03 | 0.44 | 0.27 | 0.01 | 0.11 | 0.07 | 0.97 | |
| Interest | 0.89 | 0.98 | 0.19 | 0.26 | 0.29 | 0.40 | 0.43 | 0.35 | 0.32 | 0.26 | 0.13 | 0.02 |
| Depreciation | 0.39 | 0.35 | 0.24 | 0.26 | 0.29 | 0.32 | 0.25 | 0.24 | 0.24 | 0.24 | 0.25 | 0.26 |
| Profit before tax | -1.80 | -1.38 | -0.23 | -0.08 | -1.05 | -1.06 | 0.68 | 1.45 | 0.25 | 0.64 | 1.42 | 1.85 |
| Tax % | 0.00% | 10.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 26.06% | 25.95% |
| -1.81 | -1.52 | -0.23 | -0.08 | -1.05 | -1.06 | 0.68 | 1.45 | 0.24 | 0.63 | 1.05 | 1.36 | |
| EPS in Rs | -0.18 | -0.15 | -0.02 | -0.01 | -0.10 | -0.10 | 0.07 | 0.14 | 0.02 | 0.06 | 0.10 | 0.13 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 10% |
| 3 Years: | 10% |
| TTM: | 6% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 0% |
| 3 Years: | 42% |
| TTM: | -35% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -3% |
| 5 Years: | 63% |
| 3 Years: | 42% |
| 1 Year: | 85% |
| Return on Equity | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | 5% |
| 3 Years: | 4% |
| Last Year: | 3% |
Balance Sheet
Figures in Rs. Crores
| 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 | 10.20 | 10.20 | 10.20 | 10.20 | 10.20 | 10.20 | 10.20 | 10.20 | 10.20 | 10.20 | 10.20 | 10.20 |
| Reserves | 2.60 | -4.39 | -5.04 | -5.12 | -6.23 | -7.28 | -6.65 | -5.29 | 8.07 | 8.74 | 9.68 | 11.10 |
| 7.97 | 1.86 | 2.26 | 2.20 | 3.87 | 4.74 | 4.75 | 2.82 | 2.91 | 2.25 | 0.41 | 0.00 | |
| 1.53 | 2.28 | 1.13 | 2.00 | 1.56 | 1.56 | 1.42 | 1.35 | 1.64 | 1.75 | 2.01 | 2.12 | |
| Total Liabilities | 22.30 | 9.95 | 8.55 | 9.28 | 9.40 | 9.22 | 9.72 | 9.08 | 22.82 | 22.94 | 22.30 | 23.42 |
| 19.36 | 7.29 | 5.85 | 5.87 | 6.28 | 6.17 | 5.81 | 5.67 | 18.76 | 18.85 | 18.85 | 18.70 | |
| CWIP | 0.00 | 0.05 | 0.00 | 0.03 | 0.06 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 2.94 | 2.61 | 2.70 | 3.38 | 3.06 | 3.05 | 3.91 | 3.41 | 4.06 | 4.09 | 3.45 | 4.72 | |
| Total Assets | 22.30 | 9.95 | 8.55 | 9.28 | 9.40 | 9.22 | 9.72 | 9.08 | 22.82 | 22.94 | 22.30 | 23.42 |
Cash Flows
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -0.98 | 0.31 | -1.80 | -0.18 | -0.27 | -0.40 | -0.04 | 2.28 | 0.38 | 1.17 | 2.04 | ||
| 0.05 | 7.05 | 1.64 | -0.34 | -0.75 | -0.16 | 0.47 | 0.08 | -0.21 | -0.27 | -0.24 | ||
| 0.89 | -7.08 | 0.22 | -0.30 | -0.41 | 0.60 | -0.33 | -0.51 | -0.22 | -0.92 | -1.79 | ||
| Net Cash Flow | -0.03 | 0.28 | 0.05 | -0.81 | -1.43 | 0.03 | 0.10 | 1.85 | -0.05 | -0.02 | 0.01 | |
| Free Cash Flow | -0.96 | 7.35 | -0.33 | -0.49 | -1.00 | -0.55 | 0.40 | 2.35 | 0.16 | 0.86 | 1.78 | |
| CFO/OP | 161% | -42% | 360% | -42% | 53% | 108% | -4% | 129% | 48% | 114% | 127% |
Ratios
Figures in Rs. Crores
| 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 | 59.72 | 45.74 | 55.26 | 40.92 | 33.77 | 44.72 | 67.45 | 21.18 | 40.48 | 56.35 | 46.38 | 47.00 |
| Inventory Days | 173.41 | 93.15 | 118.19 | 232.27 | 129.47 | 182.50 | 203.14 | 216.98 | 213.54 | 135.75 | 84.90 | 66.31 |
| Days Payable | 100.65 | 131.17 | 31.29 | 93.62 | 13.26 | 21.73 | 11.95 | 10.11 | 13.24 | 6.23 | 3.10 | 3.97 |
| Cash Conversion Cycle | 132.47 | 7.72 | 142.16 | 179.58 | 149.98 | 205.50 | 258.65 | 228.04 | 240.77 | 185.86 | 128.18 | 109.34 |
| Working Capital Days | -294.12 | -39.67 | -0.48 | 34.31 | -27.66 | -3.16 | 38.90 | 77.77 | 77.47 | 79.51 | 60.47 | 59.53 |
| ROCE % | -5.34% | -8.65% | -9.15% | 2.45% | -10.19% | -8.52% | 13.91% | 22.33% | 3.94% | 4.06% | 7.47% | 4.52% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Foreign Exchange Earnings (Exports) INR Lakhs |
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| Median Remuneration of Employees INR |
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| Total Permanent Employees Number |
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Extracted by Screener AI
Documents
Announcements
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Announcement Under Regulation 30 (LODR)
3h - Board approved CMD continuation, MOA object clause change, and scheduled 35th AGM on 24 July 2026.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
7h - PFA the Notice of the 35th Annual General Meeting (AGM) in the Newspapers Business Standard and Kannada Prabha
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Announcement Under Regulation 30 (LODR)
1d - Board approved CMD continuation, object clause change for restructuring, and AGM on 24 July 2026.
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Board Meeting Outcome for Intimation Of Outcome Of The Board Meeting Held On 29.06.2026.
1d - Board approved CMD continuation, MOA object clause expansion, and AGM on 24 July 2026.
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Intimation Of Book Closure
1d - Book closure from 18 July 2026 to 24 July 2026 for 35th AGM; no dividend recommended.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
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Financial Year 2016
from bse
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
from bse
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Financial Year 2011
from bse
Business Overview:[1][2]
SFIL is in the business of manufacturing
forgings and machined components. It manufactures Small, Precision and Intricate Steel Forgings used in automobile, mining, agriculture, material handling, power transmission, hydraulic and general engineering industries.