Solitaire Machine Tools Ltd

Solitaire Machine Tools Ltd

₹ 101 -0.06%
12 Mar - close price
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]

  • Market Cap 45.9 Cr.
  • Current Price 101
  • High / Low 173 / 90.4
  • Stock P/E 44.1
  • Book Value 31.1
  • Dividend Yield 1.98 %
  • ROCE 14.8 %
  • ROE 8.70 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 31.9%

Cons

  • The company has delivered a poor sales growth of 11.1% over past five years.
  • Company has a low return on equity of 12.9% 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

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019
2.63 5.63 1.88 5.66 3.99 2.67 2.75
1.87 4.86 1.50 4.58 3.18 2.26 2.14
Operating Profit 0.76 0.77 0.38 1.08 0.81 0.41 0.61
OPM % 28.90% 13.68% 20.21% 19.08% 20.30% 15.36% 22.18%
0.00 0.09 0.00 0.00 0.00 0.10 0.00
Interest 0.01 0.01 0.01 0.03 0.01 0.00 0.01
Depreciation 0.28 0.25 0.25 0.25 0.31 0.31 0.27
Profit before tax 0.47 0.60 0.12 0.80 0.49 0.20 0.33
Tax % 44.68% 8.33% 25.00% 62.50% 22.45% 25.00% 33.33%
0.26 0.55 0.09 0.30 0.37 0.15 0.22
EPS in Rs 0.57 1.21 0.20 0.66 0.81 0.33 0.48
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
9.23 10.79 15.66 18.34 16.37 15.60 15.07
8.07 8.73 13.40 14.79 13.35 12.81 12.16
Operating Profit 1.16 2.06 2.26 3.55 3.02 2.79 2.91
OPM % 12.57% 19.09% 14.43% 19.36% 18.45% 17.88% 19.31%
0.17 0.08 0.24 0.50 0.42 0.29 0.10
Interest 0.07 0.13 0.09 0.05 0.07 0.07 0.05
Depreciation 0.70 1.06 0.78 0.79 0.94 1.01 1.14
Profit before tax 0.56 0.95 1.63 3.21 2.43 2.00 1.82
Tax % 39.29% 44.21% 37.42% 36.76% 23.46% 39.00%
0.34 0.54 1.01 2.04 1.86 1.22 1.04
EPS in Rs 0.75 1.19 2.22 4.49 4.09 2.69 2.28
Dividend Payout % 64.85% 61.25% 43.66% 27.82% 26.85% 40.93%
Compounded Sales Growth
10 Years: %
5 Years: 11%
3 Years: 0%
TTM: -5%
Compounded Profit Growth
10 Years: %
5 Years: 27%
3 Years: 6%
TTM: -34%
Stock Price CAGR
10 Years: 18%
5 Years: 33%
3 Years: 34%
1 Year: -29%
Return on Equity
10 Years: %
5 Years: 11%
3 Years: 13%
Last Year: 9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Sep 2019
Equity Capital 4.41 4.41 4.41 4.54 4.54 4.54 4.54
Reserves 5.95 5.85 6.35 7.88 9.07 9.67 9.57
1.26 1.08 0.08 0.00 0.00 0.00 0.00
5.30 5.59 5.28 5.24 5.40 5.57 4.04
Total Liabilities 16.92 16.93 16.12 17.66 19.01 19.78 18.15
8.09 7.31 6.70 7.47 6.76 6.19 5.61
CWIP 0.44 0.00 1.10 0.00 0.20 0.00 0.00
Investments 0.05 0.05 0.00 0.00 1.01 2.26 2.27
8.34 9.57 8.32 10.19 11.04 11.33 10.27
Total Assets 16.92 16.93 16.12 17.66 19.01 19.78 18.15

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
1.24 -0.22 3.12 1.66 1.95 1.09
-0.57 0.03 -1.06 -0.34 -1.25 -1.38
0.37 -0.52 -1.47 -0.63 -0.73 -0.62
Net Cash Flow 1.04 -0.71 0.59 0.69 -0.03 -0.91

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
Debtor Days 47.45 51.08 47.55 62.09 60.65 53.58
Inventory Days 346.06 499.06 141.41 151.56 239.15 343.50
Days Payable 117.94 91.68 46.30 80.56 111.86 96.22
Cash Conversion Cycle 275.58 458.46 142.66 133.10 187.94 300.86
Working Capital Days 7.51 62.24 29.83 50.55 70.01 95.23
ROCE % 10.10% 15.60% 26.40% 18.90% 14.81%

Insights

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Inventory of Semi-finished Machines
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Shareholding Pattern

Numbers in percentages

3 Recently
Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
45.22% 45.25% 45.26% 45.25% 45.25% 45.25% 45.25% 45.25% 45.26% 45.30% 45.30% 45.30%
54.77% 54.74% 54.73% 54.75% 54.74% 54.75% 54.75% 54.75% 54.75% 54.69% 54.70% 54.71%
No. of Shareholders 3,9384,1164,0144,0594,0284,5154,4154,3194,2074,3014,2174,088

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