Saint-Gobain Sekurit India Ltd

Saint-Gobain Sekurit India Ltd

₹ 125 -1.41%
18 Apr 4:01 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 1,143 Cr.
  • Current Price 125
  • High / Low 156 / 85.0
  • Stock P/E 35.6
  • Book Value 20.1
  • Dividend Yield 1.17 %
  • ROCE 18.4 %
  • ROE 13.3 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 61.5%
  • Debtor days have improved from 70.2 to 49.0 days.
  • Company's working capital requirements have reduced from 62.8 days to 45.4 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 11.8% over last 3 years.

* 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

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
35.21 37.93 26.53 38.02 41.45 45.28 44.65 47.56 46.74 47.38 48.29 54.00 52.33
27.35 28.68 21.47 30.50 29.38 36.10 35.84 39.55 37.70 37.71 39.86 43.85 42.80
Operating Profit 7.86 9.25 5.06 7.52 12.07 9.18 8.81 8.01 9.04 9.67 8.43 10.15 9.53
OPM % 22.32% 24.39% 19.07% 19.78% 29.12% 20.27% 19.73% 16.84% 19.34% 20.41% 17.46% 18.80% 18.21%
1.01 0.59 1.00 29.09 1.36 0.47 1.42 1.78 2.07 2.38 2.32 2.43 2.49
Interest 0.07 0.11 0.11 0.06 0.08 0.25 0.07 0.08 0.13 0.12 0.11 0.12 0.14
Depreciation 1.29 1.42 1.17 1.13 1.18 0.95 1.00 1.04 0.93 0.99 0.96 0.92 0.96
Profit before tax 7.51 8.31 4.78 35.42 12.17 8.45 9.16 8.67 10.05 10.94 9.68 11.54 10.92
Tax % 25.57% 25.03% 25.94% 19.40% 23.42% 25.68% 25.00% 25.49% 26.47% 25.50% 27.17% 24.96% 24.73%
5.59 6.22 3.54 28.55 9.33 6.28 6.88 6.45 7.39 8.15 7.05 8.66 8.22
EPS in Rs 0.61 0.68 0.39 3.13 1.02 0.69 0.76 0.71 0.81 0.89 0.77 0.95 0.90
Raw PDF

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 TTM
104 109 104 133 141 123 146 160 135 105 151 186 202
86 96 94 115 119 108 120 134 116 89 117 151 164
Operating Profit 18 12 9 18 22 16 27 26 19 16 34 36 38
OPM % 17% 11% 9% 13% 16% 13% 18% 16% 14% 15% 22% 19% 19%
0 -1 1 0 -13 3 3 6 7 5 32 7 10
Interest 0 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 4
Profit before tax 10 2 1 8 0 10 21 23 18 15 61 39 43
Tax % 32% 70% 55% 13% 100% 35% 34% 29% 25% 24% 22% 26%
7 1 0 7 0 7 14 16 13 11 48 29 32
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 3.51
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: 10%
Compounded Profit Growth
10 Years: 36%
5 Years: 14%
3 Years: 35%
TTM: 19%
Stock Price CAGR
10 Years: 23%
5 Years: 17%
3 Years: 28%
1 Year: 48%
Return on Equity
10 Years: 11%
5 Years: 11%
3 Years: 12%
Last Year: 13%

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 Sep 2023
Equity Capital 91 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 92
4 6 6 0 1 2 4 3 2 6 6 6 4
24 25 18 28 21 16 14 21 26 24 19 20 28
Total Liabilities 101 105 97 108 103 105 119 141 157 171 205 207 215
57 62 56 50 39 44 38 32 25 22 20 18 17
CWIP 8 5 5 1 2 2 0 0 0 0 1 0 0
Investments 0 0 1 10 15 23 43 51 97 103 133 143 144
36 38 36 47 46 36 38 57 35 46 52 46 54
Total Assets 101 105 97 108 103 105 119 141 157 171 205 207 215

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 12 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 45
ROCE % 16% 5% 1% 10% 18% 11% 20% 16% 11% 8% 18% 18%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 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%
0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.29% 0.29% 0.29% 0.29% 0.29% 0.29%
0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
24.98% 25.00% 25.00% 25.00% 25.00% 25.00% 24.71% 24.70% 24.71% 24.70% 24.71% 24.70%
No. of Shareholders 26,05229,85832,04833,56835,11134,08033,46433,84733,46834,85434,91735,865

* 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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