Shilp Gravures Ltd

Shilp Gravures Ltd

₹ 171 -1.95%
24 Apr - close price
About

Incorporated in 1993, Shilp Gravures Ltd manufactures engraved copper rollers and does energy generation through wind mill[1]

Key Points

Business Overview:[1]
SGL has setup the first gravure roller manufacturing house in India. It is engaged in engraving of rollers using 3 different engraving technologies i.e. electronic, laser and chemical etching. The engraved rollers are used in printing and packaging industries

  • Market Cap 105 Cr.
  • Current Price 171
  • High / Low 208 / 90.7
  • Stock P/E 9.14
  • Book Value 151
  • Dividend Yield 1.23 %
  • ROCE 11.7 %
  • ROE 8.55 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 1.13 times its book value

Cons

  • Company has a low return on equity of 9.15% over last 3 years.
  • Earnings include an other income of Rs.6.88 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
19.25 19.63 18.11 19.53 17.85 19.30 22.22 22.78 20.12 22.08 21.19 24.00 19.88
14.71 16.29 15.20 16.59 15.51 15.66 19.28 17.50 17.05 18.74 18.10 20.08 17.78
Operating Profit 4.54 3.34 2.91 2.94 2.34 3.64 2.94 5.28 3.07 3.34 3.09 3.92 2.10
OPM % 23.58% 17.01% 16.07% 15.05% 13.11% 18.86% 13.23% 23.18% 15.26% 15.13% 14.58% 16.33% 10.56%
2.15 0.75 1.43 1.47 0.40 0.42 0.13 0.38 0.59 0.17 2.58 1.72 2.41
Interest 0.24 0.11 0.13 0.14 0.10 0.16 0.13 0.10 0.08 0.10 0.08 0.12 0.08
Depreciation 1.37 1.31 1.20 1.23 1.26 1.25 1.16 1.19 1.24 1.20 1.15 1.22 1.22
Profit before tax 5.08 2.67 3.01 3.04 1.38 2.65 1.78 4.37 2.34 2.21 4.44 4.30 3.21
Tax % 12.60% 45.32% 6.64% 23.36% -5.80% 50.19% 52.81% 9.84% 35.04% 31.22% 13.29% 22.33% 14.33%
4.45 1.46 2.81 2.33 1.45 1.31 0.84 3.94 1.52 1.52 3.86 3.35 2.75
EPS in Rs 7.24 2.37 4.57 3.79 2.36 2.13 1.37 6.41 2.47 2.47 6.28 5.45 4.47
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
57 63 60 60 64 71 70 75 87 87
42 47 47 46 49 59 57 63 73 75
Operating Profit 15 15 13 14 15 12 13 12 15 12
OPM % 26% 25% 22% 23% 23% 17% 18% 16% 17% 14%
0 0 1 0 1 -2 6 4 1 7
Interest 2 2 3 2 2 1 1 1 0 0
Depreciation 6 6 7 6 6 6 5 5 5 5
Profit before tax 7 8 4 6 8 2 12 10 11 14
Tax % 29% 28% 51% 29% 29% 60% 16% 21% 27%
5 6 2 4 6 1 10 8 8 11
EPS in Rs 8.54 8.96 4.05 6.16 8.99 1.41 16.70 12.86 12.70 18.67
Dividend Payout % 18% 17% 30% 19% 13% 106% 11% 14% 17%
Compounded Sales Growth
10 Years: 3%
5 Years: %
3 Years: 7%
TTM: 3%
Compounded Profit Growth
10 Years: 3%
5 Years: %
3 Years: 57%
TTM: 51%
Stock Price CAGR
10 Years: 18%
5 Years: 12%
3 Years: 16%
1 Year: 82%
Return on Equity
10 Years: %
5 Years: %
3 Years: 9%
Last Year: 9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 6 6 6 6 6 6 6 6 6 6
Reserves 28 32 34 36 41 57 67 74 81 87
18 20 21 18 11 18 5 5 2 3
15 18 19 19 15 13 12 12 16 15
Total Liabilities 66 75 80 79 74 94 90 97 105 110
42 42 53 49 44 52 48 53 50 52
CWIP 1 3 0 0 0 1 0 0 2 1
Investments 0 0 0 0 2 11 14 17 23 27
23 30 27 30 28 30 27 27 29 31
Total Assets 66 75 80 79 74 94 90 97 105 110

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2020 Mar 2021 Mar 2022 Mar 2023
13 15 12 10 16 10 12 11 12
-8 -14 -9 -4 -10 -10 2 -9 -8
-5 -1 -3 -7 -6 -0 -14 -2 -4
Net Cash Flow 0 -0 -0 -0 -0 0 0 -0 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 91 81 86 97 74 82 81 69 73
Inventory Days 101 106 125 189 109 178 141 124 100
Days Payable 115 142 159 220 155 164 114 105 118
Cash Conversion Cycle 77 45 52 65 27 96 107 87 55
Working Capital Days 65 54 54 65 56 65 78 67 57
ROCE % 17% 12% 14% 16% 14% 9% 12%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
60.80% 60.80% 60.81% 60.82% 60.82% 60.82% 60.82% 60.82% 60.82% 60.82% 60.82% 60.82%
39.20% 39.20% 39.19% 39.18% 39.18% 39.18% 39.19% 39.19% 39.18% 39.18% 39.17% 39.18%
No. of Shareholders 5,7385,8475,5405,4535,4575,3835,2405,1375,1896,2166,1976,224

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