Solitaire Machine Tools Ltd

Solitaire Mach. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Solitaire Machine Tools Ltd

₹ 88.2 -5.61%
23 Apr 3:11 p.m.
smtgrinders.com BSE: 522152
About

Incorporated in 1987, Solitaire Machine Tools Ltd manufactures and rebuilds Precision Centerless Grinders.

Key Points

Product Profile:
a) Precision Centerless Grinder[1]
b) CNC Products[2]

Website BSE
  • Market Cap ₹ 40.0 Cr.
  • Current Price ₹ 88.2
  • High / Low ₹ 112 / 39.2
  • Stock P/E 22.5
  • Book Value ₹ 37.8
  • Dividend Yield 1.66 %
  • ROCE 13.1 %
  • ROE 9.54 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 42.0%

Cons

  • Company has a low return on equity of 8.31% over last 3 years.
  • Debtor days have increased from 61.9 to 78.2 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: Capital Goods-Non Electrical Equipment Industry: Engineering

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
2.31 7.17 1.31 4.01 4.02 4.34 3.64 3.64 3.24 8.14 1.95 6.69 5.61
1.83 6.18 1.53 3.16 3.48 3.81 3.17 3.07 2.74 7.29 1.37 6.04 5.08
Operating Profit 0.48 0.99 -0.22 0.85 0.54 0.53 0.47 0.57 0.50 0.85 0.58 0.65 0.53
OPM % 20.78% 13.81% -16.79% 21.20% 13.43% 12.21% 12.91% 15.66% 15.43% 10.44% 29.74% 9.72% 9.45%
0.00 0.00 0.29 0.08 0.00 0.03 0.06 0.09 0.08 0.11 0.09 0.06 0.17
Interest 0.08 0.03 0.03 0.03 0.00 0.06 0.01 0.02 0.02 0.02 0.01 0.02 0.01
Depreciation 0.22 -0.25 0.14 0.14 0.14 0.14 0.14 0.14 0.14 0.15 0.15 0.16 0.16
Profit before tax 0.18 1.21 -0.10 0.76 0.40 0.36 0.38 0.50 0.42 0.79 0.51 0.53 0.53
Tax % 61.11% 1.65% 0.00% 21.05% 27.50% 19.44% 28.95% 22.00% 30.95% 18.99% 25.49% 24.53% 30.19%
0.07 1.19 -0.10 0.59 0.28 0.28 0.27 0.39 0.29 0.64 0.38 0.40 0.36
EPS in Rs 0.15 2.62 -0.22 1.30 0.62 0.62 0.59 0.86 0.64 1.41 0.84 0.88 0.79
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 TTM
14.08 10.36 9.23 10.79 15.66 18.34 16.37 15.60 12.26 17.16 13.58 18.67 22.39
11.27 8.37 8.08 8.68 13.40 14.79 13.33 12.76 10.27 15.56 11.95 16.17 19.78
Operating Profit 2.81 1.99 1.15 2.11 2.26 3.55 3.04 2.84 1.99 1.60 1.63 2.50 2.61
OPM % 19.96% 19.21% 12.46% 19.56% 14.43% 19.36% 18.57% 18.21% 16.23% 9.32% 12.00% 13.39% 11.66%
0.04 0.15 0.17 0.07 0.26 0.32 0.42 0.29 0.33 0.86 0.49 0.32 0.43
Interest 0.17 0.07 0.07 0.13 0.09 0.05 0.07 0.07 0.10 0.14 0.14 0.15 0.06
Depreciation 0.75 0.65 0.66 1.01 0.73 0.76 0.91 0.98 1.19 0.65 0.57 0.56 0.62
Profit before tax 1.93 1.42 0.59 1.04 1.70 3.06 2.48 2.08 1.03 1.67 1.41 2.11 2.36
Tax % 30.05% 38.03% 35.59% 40.38% 35.88% 37.58% 22.98% 37.50% 35.92% 14.97% 24.82% 24.17%
1.35 0.88 0.37 0.63 1.09 1.92 1.91 1.30 0.66 1.42 1.06 1.60 1.78
EPS in Rs 2.97 1.94 0.81 1.39 2.40 4.23 4.21 2.86 1.45 3.13 2.33 3.52 3.92
Dividend Payout % 50.44% 38.69% 61.35% 54.05% 41.65% 29.56% 26.15% 38.42% 51.59% 31.97% 51.40% 42.56%
Compounded Sales Growth
10 Years: 6%
5 Years: 3%
3 Years: 15%
TTM: 51%
Compounded Profit Growth
10 Years: 6%
5 Years: -4%
3 Years: 33%
TTM: 45%
Stock Price CAGR
10 Years: 21%
5 Years: 24%
3 Years: 58%
1 Year: 124%
Return on Equity
10 Years: 9%
5 Years: 8%
3 Years: 8%
Last Year: 10%

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 Sep 2023
Equity Capital 4.54 4.54 4.54 4.54 4.54 4.54 4.54 4.54 4.54 4.54 4.54 4.54 4.54
Reserves 5.32 5.81 5.92 5.82 6.36 7.77 9.01 9.69 9.68 10.73 11.37 12.48 12.61
0.25 0.44 1.26 1.08 0.08 0.00 0.00 0.00 0.00 0.03 0.47 0.53 0.00
5.46 3.26 5.10 5.42 5.08 5.02 5.17 5.35 6.13 4.92 3.62 4.05 4.01
Total Liabilities 15.57 14.05 16.82 16.86 16.06 17.33 18.72 19.58 20.35 20.22 20.00 21.60 21.16
8.04 7.66 7.12 6.37 5.93 7.15 6.47 5.93 6.49 6.71 6.41 6.24 6.32
CWIP 0.17 0.00 0.44 0.00 1.10 0.00 0.20 0.00 0.00 0.00 0.04 1.72 2.26
Investments 0.54 0.54 0.54 0.54 0.54 0.16 1.17 2.42 2.26 2.18 1.30 0.59 0.68
6.82 5.85 8.72 9.95 8.49 10.02 10.88 11.23 11.60 11.33 12.25 13.05 11.90
Total Assets 15.57 14.05 16.82 16.86 16.06 17.33 18.72 19.58 20.35 20.22 20.00 21.60 21.16

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
1.70 -0.56 1.06 -0.19 3.25 1.84 2.03 1.15 0.99 2.37 -0.71 2.40
-0.21 0.03 -0.39 0.02 -1.23 -0.72 -1.28 -1.38 -0.53 -2.39 0.39 -1.62
-1.09 -0.65 0.37 -0.54 -1.43 -0.63 -0.71 -0.62 -0.62 -0.34 0.02 -0.59
Net Cash Flow 0.40 -1.18 1.04 -0.71 0.59 0.49 0.04 -0.86 -0.16 -0.36 -0.30 0.19

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 39.40 35.94 47.45 51.08 47.55 62.09 60.65 53.58 16.67 64.24 43.27 78.20
Inventory Days 96.43 228.23 346.06 499.06 141.41 151.56 239.15 343.50 742.53 166.57 381.62 214.57
Days Payable 45.11 83.07 117.94 91.68 46.30 72.67 102.70 96.22 87.73 37.75 100.27 59.08
Cash Conversion Cycle 90.73 181.10 275.58 458.46 142.66 140.99 197.10 300.86 671.48 193.06 324.62 233.68
Working Capital Days -24.37 56.72 57.34 97.09 31.23 55.13 74.03 99.67 174.76 100.40 146.22 119.26
ROCE % 21.94% 14.26% 6.22% 10.79% 15.88% 26.71% 19.41% 15.41% 7.94% 12.26% 8.46% 13.09%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
45.11% 45.13% 45.14% 45.16% 45.17% 45.18% 45.18% 45.22% 45.25% 45.26% 45.25% 45.25%
3.63% 3.63% 4.12% 4.12% 4.12% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
51.26% 51.24% 50.74% 50.72% 50.71% 54.82% 54.82% 54.77% 54.74% 54.73% 54.75% 54.74%
No. of Shareholders 3,8423,9283,7753,9703,8913,9853,9723,9384,1164,0144,0594,028

* 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.

Documents

Announcements

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