Sibar Auto Parts Ltd

Sibar Auto Parts Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Sibar Auto Parts Ltd

₹ 9.65 9.91%
05 Jun 3:11 p.m.
sibarauto.com BSE: 520141
About

Incorporated in 1983, Sibar Auto Parts Ltd manufactures and sells automobile spare parts[1]

Key Points

Business Overview:[1][2]
Company is in technical collaboration with an Italian firm to refine its technology in Electroplating. It manufactures auto components viz Cylinder Heads, Crankcases for Three Wheelers, Aluminium parts for CAC tanks, Aluminium Parts in Electrical Segments such as Connectors, Core boxes etc. Company has given Nickel Silicon Coated Electro Plated Cylinder blocks for trials for 2 wheeler manufacturers

Website BSE
  • Market Cap ₹ 16.0 Cr.
  • Current Price ₹ 9.65
  • High / Low ₹ 13.8 / 6.52
  • Stock P/E 319
  • Book Value ₹ 6.72
  • Dividend Yield 0.00 %
  • ROCE 4.37 %
  • ROE 0.45 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is expected to give good quarter
  • Debtor days have improved from 108 to 65.0 days.
  • Company's working capital requirements have reduced from 40.7 days to 19.1 days

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 2.36% over past five years.
  • Company has a low return on equity of -7.70% over last 3 years.
  • Earnings include an other income of Rs.1.05 Cr.
  • Company's cost of borrowing seems high

* 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

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
2.93 1.21 2.77 3.48 4.26 2.60 5.01 7.36 6.92 6.78 6.89 6.03 6.25
3.95 1.65 3.08 3.76 4.42 3.00 4.78 7.01 6.55 6.53 6.60 5.92 6.74
Operating Profit -1.02 -0.44 -0.31 -0.28 -0.16 -0.40 0.23 0.35 0.37 0.25 0.29 0.11 -0.49
OPM % -34.81% -36.36% -11.19% -8.05% -3.76% -15.38% 4.59% 4.76% 5.35% 3.69% 4.21% 1.82% -7.84%
0.15 0.02 0.00 0.00 0.09 0.01 0.02 0.00 0.66 0.09 0.05 0.09 0.83
Interest 0.14 0.14 0.12 0.14 0.15 0.15 0.15 0.15 0.15 0.16 0.16 0.17 0.14
Depreciation 0.26 0.15 0.15 0.15 0.14 0.14 0.14 0.14 0.14 0.14 0.14 0.14 0.14
Profit before tax -1.27 -0.71 -0.58 -0.57 -0.36 -0.68 -0.04 0.06 0.74 0.04 0.04 -0.11 0.06
Tax % -0.79% 0.00% 0.00% 0.00% 19.44% 0.00% 0.00% 0.00% -6.76% 0.00% 0.00% 0.00% -50.00%
Net Profit -1.28 -0.71 -0.58 -0.57 -0.29 -0.68 -0.04 0.06 0.78 0.04 0.04 -0.11 0.09
EPS in Rs -0.77 -0.43 -0.35 -0.34 -0.18 -0.41 -0.02 0.04 0.47 0.02 0.02 -0.07 0.05
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
12.03 10.97 12.21 16.21 15.94 19.32 23.09 27.22 20.17 11.72 21.87 25.95
11.52 10.77 11.74 15.79 15.48 18.96 23.86 29.98 21.99 12.91 21.32 25.78
Operating Profit 0.51 0.20 0.47 0.42 0.46 0.36 -0.77 -2.76 -1.82 -1.19 0.55 0.17
OPM % 4.24% 1.82% 3.85% 2.59% 2.89% 1.86% -3.33% -10.14% -9.02% -10.15% 2.51% 0.66%
2.12 1.86 0.58 0.23 0.20 0.75 0.62 0.75 0.08 0.11 0.69 1.05
Interest 0.00 0.00 0.00 0.04 0.37 0.56 0.67 0.66 0.57 0.55 0.61 0.64
Depreciation 0.09 0.10 0.13 0.20 0.27 0.47 0.77 0.93 0.99 0.58 0.55 0.56
Profit before tax 2.54 1.96 0.92 0.41 0.02 0.08 -1.59 -3.60 -3.30 -2.21 0.08 0.02
Tax % 0.79% -1.02% 2.17% 39.02% 350.00% 75.00% -1.89% -0.28% -0.30% 3.17% -62.50% -150.00%
Net Profit 2.52 1.97 0.90 0.25 -0.04 0.02 -1.62 -3.61 -3.31 -2.14 0.12 0.06
EPS in Rs 4.55 3.56 1.63 0.26 -0.04 0.02 -1.44 -2.31 -2.00 -1.29 0.07 0.04
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 9%
5 Years: 2%
3 Years: 9%
TTM: 19%
Compounded Profit Growth
10 Years: -9%
5 Years: 15%
3 Years: 26%
TTM: 109%
Stock Price CAGR
10 Years: 7%
5 Years: -18%
3 Years: 1%
1 Year: 10%
Return on Equity
10 Years: %
5 Years: -16%
3 Years: -8%
Last Year: 0%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
5.54 5.54 5.54 9.54 9.54 9.54 11.28 15.60 16.53 16.53 16.53 16.53
Reserves -9.45 -7.48 -6.57 -6.32 -6.37 -1.89 -1.14 -0.85 -3.47 -5.61 -5.49 -5.43
8.39 6.65 5.78 2.36 4.82 7.36 6.79 3.97 3.63 4.58 5.14 2.51
2.39 2.44 3.90 3.82 3.45 5.04 7.94 6.31 3.68 4.89 8.01 9.68
Total Liabilities 6.87 7.15 8.65 9.40 11.44 20.05 24.87 25.03 20.37 20.39 24.19 23.29
1.81 1.90 2.10 3.13 4.34 10.34 12.70 12.42 12.26 11.83 11.52 11.26
CWIP 0.25 0.00 0.35 0.00 0.73 1.12 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.07 0.07 0.07 0.07 0.07 0.00 0.00 0.00 0.00 0.00 0.00 0.00
4.74 5.18 6.13 6.20 6.30 8.59 12.17 12.61 8.11 8.56 12.67 12.03
Total Assets 6.87 7.15 8.65 9.40 11.44 20.05 24.87 25.03 20.37 20.39 24.19 23.29

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
4.56 1.22 1.72 0.20 0.35 0.55 0.13 -5.27 0.50 -0.46 0.62 2.02
-0.52 0.04 -0.65 -0.99 -2.23 -1.84 -2.01 -0.65 -0.82 -0.16 -0.24 -0.30
-4.04 -1.08 -0.91 0.69 1.65 1.39 3.27 4.57 0.46 0.35 -0.23 -1.89
Net Cash Flow 0.00 0.18 0.16 -0.10 -0.22 0.10 1.39 -1.34 0.14 -0.27 0.15 -0.17

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 73.12 83.51 97.75 82.64 86.33 88.79 82.36 57.53 43.61 127.69 130.51 64.98
Inventory Days 33.84 41.18 32.27 61.26 64.22 112.40 126.36 115.23 116.42 152.98 108.80 100.66
Days Payable 153.34 116.78 177.21 152.38 104.05 149.87 185.34 105.45 79.30 185.72 173.38 85.52
Cash Conversion Cycle -46.39 7.92 -47.19 -8.48 46.49 51.33 23.37 67.30 80.74 94.95 65.94 80.13
Working Capital Days 61.90 73.20 45.14 41.43 49.00 44.59 29.72 40.23 43.61 57.30 45.73 19.13
ROCE % 8.49% 2.61% 7.82% 5.03% 5.01% 5.57% -5.76% -16.49% -14.57% -10.31% 0.19% 4.37%

Shareholding Pattern

Numbers in percentages

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
49.12 49.12 49.12 49.12 49.12 49.12 49.12 48.84 48.46 48.02 48.02 48.02
50.88 50.88 50.88 50.88 50.88 50.88 50.88 51.16 51.54 51.99 51.99 51.98

Documents

Announcements

Annual reports