Samkrg Pistons & Rings Ltd

Samkrg Pistons & Rings Ltd

₹ 169 0.59%
26 Apr 4:01 p.m.
About

Incorporated in 1985, Samkrg Pistons and
Rings Ltd does manufacturing of automobile components[1]

Key Points

Business Segments:[1]
a) Company caters to 2-wheeler segment with limited presence in four wheelers
b) In the OEM segment, company has business relationships with established two-wheeler manufacturers and caters to their piston requirements
c) In the replacement market, company operates through a network of dealers and distributors across India

  • Market Cap 166 Cr.
  • Current Price 169
  • High / Low 187 / 130
  • Stock P/E 17.5
  • Book Value 186
  • Dividend Yield 1.48 %
  • ROCE 11.4 %
  • ROE 8.28 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.91 times its book value
  • Company has been maintaining a healthy dividend payout of 20.9%

Cons

  • The company has delivered a poor sales growth of -2.15% over past five years.
  • Company has a low return on equity of 9.08% 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.

Peer comparison

Sector: Auto Ancillaries Industry: Auto Ancillaries

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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
77.17 71.71 52.42 71.64 59.35 53.25 58.60 67.90 56.13 53.49 54.47 64.80 60.49
65.23 59.04 51.02 60.08 50.24 43.50 51.48 58.11 47.64 44.88 49.45 58.87 51.45
Operating Profit 11.94 12.67 1.40 11.56 9.11 9.75 7.12 9.79 8.49 8.61 5.02 5.93 9.04
OPM % 15.47% 17.67% 2.67% 16.14% 15.35% 18.31% 12.15% 14.42% 15.13% 16.10% 9.22% 9.15% 14.94%
0.60 0.57 0.49 0.72 0.32 0.30 0.18 0.35 0.38 0.92 0.21 0.61 0.44
Interest 0.33 0.35 0.16 0.33 0.51 0.52 0.52 0.72 0.55 1.62 0.80 1.24 0.82
Depreciation 3.25 3.73 2.75 3.00 3.55 3.62 2.75 3.00 3.40 4.10 3.00 3.64 2.74
Profit before tax 8.96 9.16 -1.02 8.95 5.37 5.91 4.03 6.42 4.92 3.81 1.43 1.66 5.92
Tax % 16.74% 24.67% 0.00% 22.35% 18.62% 39.59% 24.81% 15.58% 24.39% 34.12% 20.98% 21.08% 22.80%
7.46 6.90 -1.02 6.95 4.37 3.58 3.03 5.42 3.72 2.51 1.13 1.31 4.57
EPS in Rs 7.60 7.03 -1.04 7.08 4.45 3.65 3.09 5.52 3.79 2.56 1.15 1.33 4.65
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
194 170 201 228 240 230 261 283 231 222 235 234 233
162 139 171 194 205 189 220 240 193 186 202 200 205
Operating Profit 32 30 30 34 35 40 42 43 38 36 33 35 29
OPM % 16% 18% 15% 15% 15% 18% 16% 15% 17% 16% 14% 15% 12%
1 0 1 0 0 1 2 2 1 1 1 1 2
Interest 5 8 5 5 2 2 1 1 1 1 2 3 4
Depreciation 11 10 10 12 12 13 13 12 13 13 13 13 13
Profit before tax 18 13 16 18 22 27 29 32 26 23 19 19 13
Tax % 34% 32% 31% 31% 30% 27% 31% 34% 24% 26% 28% 23%
12 9 11 12 16 19 20 21 20 17 14 15 10
EPS in Rs 12.00 8.83 10.95 12.55 15.99 19.82 20.52 21.42 19.96 17.64 14.13 14.95 9.69
Dividend Payout % 0% 28% 23% 24% 25% 23% 24% 23% 25% 28% 18% 17%
Compounded Sales Growth
10 Years: 3%
5 Years: -2%
3 Years: 0%
TTM: -1%
Compounded Profit Growth
10 Years: 5%
5 Years: -6%
3 Years: -9%
TTM: -40%
Stock Price CAGR
10 Years: 10%
5 Years: 1%
3 Years: 4%
1 Year: 21%
Return on Equity
10 Years: 13%
5 Years: 11%
3 Years: 9%
Last Year: 8%

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 10 10 10 10 10 10 10 10 10 10 10 10 10
Reserves 53 58 66 75 82 101 116 131 139 156 165 170 172
41 41 36 17 17 17 18 22 18 7 21 19 36
59 52 47 50 60 58 53 47 45 41 28 36 22
Total Liabilities 163 160 158 152 170 186 197 211 212 213 223 235 240
98 100 100 101 106 122 134 144 141 137 131 127 121
CWIP 0 4 0 0 0 0 0 0 0 0 4 5 11
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
64 57 58 51 64 64 62 67 71 77 88 103 108
Total Assets 163 160 158 152 170 186 197 211 212 213 223 235 240

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
16 18 17 32 25 33 27 27 24 20 1 12
-19 -18 -7 -27 -17 -29 -25 -21 -10 -9 -11 -11
3 -1 -8 -7 -8 -0 -4 -7 -15 -11 10 -2
Net Cash Flow 0 -2 2 -2 0 4 -3 -1 -0 0 -0 -0

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 62 68 58 50 59 62 54 54 61 78 71 83
Inventory Days 159 88 62 44 55 59 50 45 88
Days Payable 126 86 53 55 57 70 48 39 59
Cash Conversion Cycle 95 70 67 39 58 50 55 61 90 78 71 83
Working Capital Days 40 40 44 26 26 24 30 33 50 67 102 122
ROCE % 24% 19% 18% 21% 23% 24% 23% 22% 16% 14% 11% 11%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
66.88% 66.88% 66.88% 66.88% 66.88% 66.88% 66.88% 66.88% 66.88% 66.88% 66.88% 66.88%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
33.11% 33.11% 33.11% 33.11% 33.11% 33.10% 33.11% 33.12% 33.11% 33.11% 33.13% 33.12%
No. of Shareholders 11,01812,73911,93211,84411,61111,48011,33111,23811,00010,79510,53510,960

* 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.

Click on the line-items to see the names of individual entities.

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