Saint-Gobain Sekurit India Ltd
Established in 1973, Saint-Gobain Sekurit India Limited is a subsidiary of Compagnie de Saint-Gobain(a transnational group with its headquarters in Paris). The Company is engaged primarily in the business of manufacture and sale of automotive glass. It offers its products mainly to 3 wheelers, Passenger Vehicles and Commercial Vehicles. [1][2]
- Market Cap ₹ 909 Cr.
- Current Price ₹ 99.8
- High / Low ₹ 114 / 67.3
- Stock P/E 31.4
- Book Value ₹ 19.8
- Dividend Yield 1.50 %
- ROCE 21.0 %
- ROE 16.0 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 18.2% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 61.5%
- Debtor days have improved from 70.2 to 49.0 days.
Cons
- The company has delivered a poor sales growth of 4.94% over past five years.
- Company has a low return on equity of 12.8% over last 3 years.
- Working capital days have increased from 156 days to 326 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: Glass & Glass Products Industry: Glass & Glass Products
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
104 | 109 | 104 | 133 | 141 | 123 | 146 | 160 | 135 | 105 | 151 | 186 | |
86 | 96 | 94 | 115 | 119 | 108 | 120 | 134 | 116 | 89 | 117 | 151 | |
Operating Profit | 18 | 12 | 9 | 18 | 22 | 16 | 27 | 26 | 19 | 16 | 34 | 36 |
OPM % | 17% | 11% | 9% | 13% | 16% | 13% | 18% | 16% | 14% | 15% | 22% | 19% |
0 | -1 | 1 | 0 | -13 | 3 | 3 | 6 | 7 | 5 | 32 | 7 | |
Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation | 8 | 9 | 9 | 10 | 9 | 8 | 9 | 8 | 8 | 5 | 4 | 4 |
Profit before tax | 10 | 2 | 1 | 8 | 0 | 10 | 21 | 23 | 18 | 15 | 61 | 39 |
Tax % | 32% | 70% | 55% | 13% | 100% | 35% | 34% | 29% | 25% | 24% | 22% | 26% |
Net Profit | 7 | 1 | 0 | 7 | 0 | 7 | 14 | 16 | 13 | 11 | 48 | 29 |
EPS in Rs | 0.75 | 0.07 | 0.05 | 0.74 | 0.00 | 0.74 | 1.51 | 1.76 | 1.47 | 1.25 | 5.23 | 3.17 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 80% | 57% | 47% |
Compounded Sales Growth | |
---|---|
10 Years: | 6% |
5 Years: | 5% |
3 Years: | 11% |
TTM: | 23% |
Compounded Profit Growth | |
---|---|
10 Years: | 38% |
5 Years: | 18% |
3 Years: | 44% |
TTM: | 22% |
Stock Price CAGR | |
---|---|
10 Years: | 22% |
5 Years: | 8% |
3 Years: | 24% |
1 Year: | 21% |
Return on Equity | |
---|---|
10 Years: | 11% |
5 Years: | 12% |
3 Years: | 13% |
Last Year: | 16% |
Balance Sheet
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
91 | 91 | 91 | 91 | 91 | 91 | 91 | 91 | 91 | 91 | 91 | 91 | |
Reserves | -19 | -18 | -18 | -11 | -11 | -4 | 9 | 25 | 38 | 50 | 89 | 90 |
4 | 6 | 6 | 0 | 1 | 2 | 4 | 3 | 2 | 6 | 6 | 6 | |
24 | 25 | 18 | 28 | 21 | 16 | 14 | 21 | 26 | 24 | 19 | 20 | |
Total Liabilities | 101 | 105 | 97 | 108 | 103 | 105 | 119 | 141 | 157 | 171 | 205 | 207 |
57 | 62 | 56 | 50 | 39 | 44 | 38 | 32 | 25 | 22 | 20 | 18 | |
CWIP | 8 | 5 | 5 | 1 | 2 | 2 | 0 | 0 | 0 | 0 | 1 | 0 |
Investments | 0 | 0 | 1 | 10 | 15 | 23 | 43 | 51 | 97 | 103 | 133 | 143 |
36 | 38 | 36 | 47 | 46 | 36 | 38 | 57 | 35 | 46 | 52 | 46 | |
Total Assets | 101 | 105 | 97 | 108 | 103 | 105 | 119 | 141 | 157 | 171 | 205 | 207 |
Cash Flows
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
17 | 12 | 17 | 15 | 11 | 7 | 17 | 24 | 27 | 2 | 8 | 34 | |
-20 | -12 | 0 | -9 | -10 | -8 | -18 | -21 | -27 | -5 | 2 | -5 | |
4 | 2 | 0 | -6 | -0 | 1 | 2 | -1 | -1 | 3 | -9 | -28 | |
Net Cash Flow | 0 | 1 | 17 | -0 | 0 | 0 | 0 | 1 | -1 | 1 | 0 | 1 |
Ratios
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 49 | 50 | 49 | 53 | 40 | 46 | 61 | 50 | 48 | 92 | 69 | 49 |
Inventory Days | 76 | 99 | 99 | 72 | 66 | 71 | 51 | 64 | 66 | 87 | 93 | 60 |
Days Payable | 86 | 111 | 83 | 106 | 74 | 60 | 44 | 72 | 95 | 97 | 69 | 54 |
Cash Conversion Cycle | 38 | 37 | 66 | 19 | 32 | 57 | 68 | 42 | 18 | 83 | 93 | 55 |
Working Capital Days | 21 | 28 | 49 | 44 | 47 | 46 | 55 | 45 | 25 | 68 | 75 | 326 |
ROCE % | 16% | 5% | 1% | 10% | 18% | 11% | 20% | 16% | 11% | 8% | 18% | 21% |
Documents
Announcements
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Compliances-Reg.24(A)-Annual Secretarial Compliance
19 May - Annual Secretarial Compliance Report issued by V.N. Deodhar & Co., Company Secretaries for the financial year 2022-23.
- Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2 16 May
- Annual General Meeting 15 May
- Book Closure 15 May
- Announcement under Regulation 30 (LODR)-Dividend Updates 15 May
Annual reports
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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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
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2011
from bse
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Financial Year 2010
from bse
Product Portfolio
The Co. produces laminated and tempered glasses that are fitted on the body of automobiles. Laminated glass is used in windshields and tempered glass is used in backlights and sidelites. [1]