Smiths & Founders (India) Ltd
Incorporated in 1990, Smiths & Founders Ltd
is engaged in the business of ferrous forgings.[1]
- Market Cap ₹ 70.0 Cr.
- Current Price ₹ 6.86
- High / Low ₹ 7.39 / 3.80
- Stock P/E 103
- 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 3.28 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: | 57% |
| 3 Years: | 24% |
| 1 Year: | 15% |
| 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
- Revised Financial Results For The Quarter And Year Ended 31St March, 2026 30 May
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Compliances-Reg.24(A)-Annual Secretarial Compliance
26 May - Submitted Annual Secretarial Compliance Report for year ended 31 March 2026; no non-compliances reported.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
26 May - Please find attached the Audited Financial results as on 31.03.2026 in the Newspapers viz., Kannada Prabha and Business Standard.
- Audited Financial Results For Quarter And Year Ended 31.03.2026 25 May
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Board Meeting Outcome for Intimation Of Outcome Of The Board Meeting Held On 25.05.2026
25 May - Board approved audited FY26 results on 25 May 2026; net profit ₹141.41 lakh, unmodified audit opinion.
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
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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
from bse
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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
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.