Smiths & Founders (India) Ltd
Incorporated in 1990, Smiths & Founders (India) Ltd manufactures Small, Precision and Intricate Steel Forgings
- Market Cap ₹ 70.8 Cr.
- Current Price ₹ 6.94
- High / Low ₹ 8.40 / 3.76
- Stock P/E 93.2
- Book Value ₹ 1.86
- Dividend Yield 0.00 %
- ROCE 4.06 %
- ROE 3.17 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
Cons
- Stock is trading at 3.75 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 2.79% over past five years.
- Promoter holding is low: 28.7%
- Company has a low return on equity of 6.59% over last 3 years.
- Debtor days have increased from 39.3 to 56.4 days.
* 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: Castings, Forgings & Fastners Industry: Castings & Forgings
Quarterly Results
Figures in Rs. Crores
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
0.00 | 6.69 | 6.54 | 7.82 | 7.53 | 8.83 | 10.16 | 8.08 | 8.82 | 11.03 | 10.46 | 11.66 | 11.54 | |
0.14 | 7.02 | 7.15 | 8.73 | 8.01 | 8.40 | 10.67 | 8.45 | 7.90 | 9.26 | 9.66 | 10.63 | 10.40 | |
Operating Profit | -0.14 | -0.33 | -0.61 | -0.91 | -0.48 | 0.43 | -0.51 | -0.37 | 0.92 | 1.77 | 0.80 | 1.03 | 1.14 |
OPM % | -4.93% | -9.33% | -11.64% | -6.37% | 4.87% | -5.02% | -4.58% | 10.43% | 16.05% | 7.65% | 8.83% | 9.88% | |
0.04 | 0.18 | 0.09 | 0.86 | 0.68 | 0.01 | 0.04 | 0.03 | 0.44 | 0.27 | 0.01 | 0.11 | 0.12 | |
Interest | 0.00 | 0.65 | 0.89 | 0.98 | 0.19 | 0.26 | 0.29 | 0.40 | 0.43 | 0.35 | 0.32 | 0.26 | 0.25 |
Depreciation | 0.20 | 0.36 | 0.39 | 0.35 | 0.24 | 0.26 | 0.29 | 0.32 | 0.25 | 0.24 | 0.24 | 0.24 | 0.24 |
Profit before tax | -0.30 | -1.16 | -1.80 | -1.38 | -0.23 | -0.08 | -1.05 | -1.06 | 0.68 | 1.45 | 0.25 | 0.64 | 0.77 |
Tax % | 0.00% | -19.83% | 0.00% | 10.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
-0.29 | -0.93 | -1.81 | -1.52 | -0.23 | -0.08 | -1.05 | -1.06 | 0.68 | 1.45 | 0.24 | 0.63 | 0.76 | |
EPS in Rs | -0.07 | -0.22 | -0.18 | -0.15 | -0.02 | -0.01 | -0.10 | -0.10 | 0.07 | 0.14 | 0.02 | 0.06 | 0.08 |
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: | 3% |
3 Years: | 10% |
TTM: | 2% |
Compounded Profit Growth | |
---|---|
10 Years: | 10% |
5 Years: | 21% |
3 Years: | -5% |
TTM: | 130% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 105% |
3 Years: | 17% |
1 Year: | 54% |
Return on Equity | |
---|---|
10 Years: | -6% |
5 Years: | 5% |
3 Years: | 7% |
Last Year: | 3% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 4.32 | 0.43 | 10.20 | 10.20 | 10.20 | 10.20 | 10.20 | 10.20 | 10.20 | 10.20 | 10.20 | 10.20 |
Reserves | -6.22 | 7.40 | 2.60 | -4.39 | -5.04 | -5.12 | -6.23 | -7.28 | -6.65 | -5.29 | 8.07 | 8.74 |
0.00 | 5.83 | 7.97 | 1.86 | 2.26 | 2.20 | 3.87 | 4.74 | 4.75 | 2.82 | 2.91 | 2.25 | |
3.29 | 1.53 | 1.53 | 2.28 | 1.13 | 2.00 | 1.56 | 1.56 | 1.42 | 1.35 | 1.64 | 1.75 | |
Total Liabilities | 1.39 | 15.19 | 22.30 | 9.95 | 8.55 | 9.28 | 9.40 | 9.22 | 9.72 | 9.08 | 22.82 | 22.94 |
1.18 | 11.03 | 19.36 | 7.29 | 5.85 | 5.87 | 6.28 | 6.17 | 5.81 | 5.67 | 18.76 | 18.85 | |
CWIP | 0.03 | 1.85 | 0.00 | 0.05 | 0.00 | 0.03 | 0.06 | 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 |
0.18 | 2.31 | 2.94 | 2.61 | 2.70 | 3.38 | 3.06 | 3.05 | 3.91 | 3.41 | 4.06 | 4.09 | |
Total Assets | 1.39 | 15.19 | 22.30 | 9.95 | 8.55 | 9.28 | 9.40 | 9.22 | 9.72 | 9.08 | 22.82 | 22.94 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
0.02 | 0.80 | -0.98 | 0.31 | -1.80 | -0.18 | -0.27 | -0.40 | -0.04 | 2.28 | 0.38 | 1.17 | |
-0.02 | -0.31 | 0.05 | 7.05 | 1.64 | -0.34 | -0.75 | -0.16 | 0.47 | 0.08 | -0.21 | -0.27 | |
0.00 | -0.45 | 0.89 | -7.08 | 0.22 | -0.30 | -0.41 | 0.60 | -0.33 | -0.51 | -0.22 | -0.92 | |
Net Cash Flow | 0.00 | 0.04 | -0.03 | 0.28 | 0.05 | -0.81 | -1.43 | 0.03 | 0.10 | 1.85 | -0.05 | -0.02 |
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 | 24.55 | 59.72 | 45.74 | 55.26 | 40.92 | 33.77 | 44.72 | 67.45 | 21.18 | 40.48 | 56.35 | |
Inventory Days | 159.98 | 173.41 | 93.15 | 118.19 | 232.27 | 129.47 | 182.50 | 203.14 | 216.98 | 213.54 | 135.75 | |
Days Payable | 104.29 | 100.65 | 131.17 | 31.29 | 93.62 | 13.26 | 21.73 | 11.95 | 10.11 | 13.24 | 6.23 | |
Cash Conversion Cycle | 80.25 | 132.47 | 7.72 | 142.16 | 179.58 | 149.98 | 205.50 | 258.65 | 228.04 | 240.77 | 185.86 | |
Working Capital Days | 24.55 | 65.30 | 4.67 | 70.29 | 59.52 | 58.92 | 81.76 | 123.32 | 85.05 | 107.48 | 97.67 | |
ROCE % | -8.67% | -5.34% | -8.65% | -9.15% | 2.45% | -10.19% | -8.52% | 13.91% | 22.33% | 3.94% | 4.06% |
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
7 Oct - Certificate under Regulation 74(5) for Q2 2024.
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Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
1 Oct - Voting results and scrutinizer's report of AGM.
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Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s
30 Sep - Appointment of M/s. SNR & Company as statutory auditors.
- Shareholder Meeting / Postal Ballot-Outcome of AGM 30 Sep
-
Closure of Trading Window
25 Sep - Closure of trading window from October 1, 2024.
Annual reports
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Financial Year 2024
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Financial Year 2023
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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
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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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
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Financial Year 2011
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Financial Year 2010
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Product Profile:[1]
a) Automobile Components: Rocker Arms, Connecting Rods, Tie Rod Ends Yokes, Spiders, Clutch Hubs, Clutch Release Levers, Clevis, Clutch Plates, Pressure Plates
b) General Engineering: Gear Blanks, Wheel Dressers, Insulator Pins, Insulator Hooks, Tool Holders, Shackles, Rotating Eyes, Chain Links and similar products. Hydraulic Forgings - Valve Bodies, Rod Eye Ends, Elbows, Ports, etc.
c) Mining Tools: Coal Augurs, Rotary Drill Bits, Mining Picks, Bit Holders, Pick Holders, etc.
d) Agricultural Implements: Rotary Tines (Wet & Dry), Rotovator Shovels, Cultivator Blades, etc.