Saint-Gobain Sekurit India Ltd

Saint-Gobain Sekurit India Ltd

₹ 146 -0.68%
11 Dec 4:00 p.m.
About

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]

Key Points

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]

  • Market Cap 1,326 Cr.
  • Current Price 146
  • High / Low 158 / 109
  • Stock P/E 42.2
  • Book Value 21.6
  • Dividend Yield 1.37 %
  • ROCE 20.4 %
  • ROE 14.5 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 19.6% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 54.3%
  • Debtor days have improved from 51.1 to 35.1 days.
  • Company's working capital requirements have reduced from 52.0 days to 35.7 days

Cons

* 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

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
38.02 41.45 45.28 44.65 47.56 46.74 47.38 48.29 54.00 52.33 46.08 49.90 51.62
30.50 29.38 36.10 35.84 39.55 37.70 37.71 39.86 43.85 42.80 37.36 41.46 42.95
Operating Profit 7.52 12.07 9.18 8.81 8.01 9.04 9.67 8.43 10.15 9.53 8.72 8.44 8.67
OPM % 19.78% 29.12% 20.27% 19.73% 16.84% 19.34% 20.41% 17.46% 18.80% 18.21% 18.92% 16.91% 16.80%
29.09 1.36 0.47 1.42 1.78 2.07 2.38 2.32 2.43 2.49 2.81 2.83 2.82
Interest 0.06 0.08 0.25 0.07 0.08 0.13 0.12 0.11 0.12 0.14 0.13 0.14 0.07
Depreciation 1.13 1.18 0.95 1.00 1.04 0.93 0.99 0.96 0.92 0.96 0.86 0.90 0.95
Profit before tax 35.42 12.17 8.45 9.16 8.67 10.05 10.94 9.68 11.54 10.92 10.54 10.23 10.47
Tax % 19.40% 23.42% 25.68% 25.00% 25.49% 26.47% 25.50% 27.17% 24.96% 24.73% 30.74% 25.61% 21.01%
28.55 9.33 6.28 6.88 6.45 7.39 8.15 7.05 8.66 8.22 7.30 7.61 8.27
EPS in Rs 3.13 1.02 0.69 0.76 0.71 0.81 0.89 0.77 0.95 0.90 0.80 0.84 0.91
Raw PDF

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
109 104 133 141 123 146 160 135 105 151 186 201 200
96 94 115 119 108 120 134 116 89 117 151 164 165
Operating Profit 12 9 18 22 16 27 26 19 16 34 36 37 35
OPM % 11% 9% 13% 16% 13% 18% 16% 14% 15% 22% 19% 18% 18%
-1 1 0 -13 3 3 6 7 5 32 7 10 11
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 9 9 10 9 8 9 8 8 5 4 4 4 4
Profit before tax 2 1 8 0 10 21 23 18 15 61 39 43 42
Tax % 70% 55% 13% 100% 35% 34% 29% 25% 24% 22% 26% 27%
1 0 7 0 7 14 16 13 11 48 29 31 31
EPS in Rs 0.07 0.05 0.74 0.00 0.74 1.51 1.76 1.47 1.25 5.23 3.17 3.43 3.45
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 80% 57% 47% 58%
Compounded Sales Growth
10 Years: 7%
5 Years: 5%
3 Years: 24%
TTM: 2%
Compounded Profit Growth
10 Years: 52%
5 Years: 20%
3 Years: 47%
TTM: 0%
Stock Price CAGR
10 Years: 14%
5 Years: 23%
3 Years: 26%
1 Year: 23%
Return on Equity
10 Years: 12%
5 Years: 12%
3 Years: 14%
Last Year: 14%

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 Sep 2024
Equity Capital 91 91 91 91 91 91 91 91 91 91 91 91 91
Reserves -18 -18 -11 -11 -4 9 25 38 50 89 90 108 105
6 6 0 1 2 4 3 2 6 6 6 1 0
25 18 28 21 16 14 21 26 24 19 20 26 29
Total Liabilities 105 97 108 103 105 119 141 157 171 205 207 226 226
62 56 50 39 44 38 32 25 22 20 18 17 18
CWIP 5 5 1 2 2 0 0 0 0 1 0 1 1
Investments 0 1 10 15 23 43 51 97 103 133 143 160 117
38 36 47 46 36 38 57 35 46 52 46 48 90
Total Assets 105 97 108 103 105 119 141 157 171 205 207 226 226

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
12 17 15 11 7 17 24 27 2 12 34 30
-12 0 -9 -10 -8 -18 -21 -27 -5 -2 -5 -9
2 0 -6 -0 1 2 -1 -1 3 -9 -28 -18
Net Cash Flow 1 17 -0 0 0 0 1 -1 1 0 1 2

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 50 49 53 40 46 61 50 48 92 69 49 35
Inventory Days 99 99 72 66 71 51 64 66 87 93 60 75
Days Payable 111 83 106 74 60 44 72 95 97 69 54 57
Cash Conversion Cycle 37 66 19 32 57 68 42 18 83 93 55 53
Working Capital Days 28 49 44 47 46 55 45 25 68 75 45 36
ROCE % 5% 1% 10% 18% 11% 20% 16% 11% 8% 18% 18% 20%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00%
0.00% 0.00% 0.00% 0.00% 0.29% 0.29% 0.29% 0.29% 0.29% 0.29% 0.29% 0.29%
25.00% 25.00% 25.00% 25.00% 24.71% 24.70% 24.71% 24.70% 24.71% 24.70% 24.71% 24.71%
No. of Shareholders 32,04833,56835,11134,08033,46433,84733,46834,85434,91735,86537,19238,429

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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