Solitaire Machine Tools Ltd

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

Solitaire Machine Tools Ltd

₹ 105 -3.14%
15 May - close price
smtgrinders.com BSE: 522152
About

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

Key Points

Business overview[1]
SMTL has developed a niche presence in the centerless grinder segment, having manufactured its first machine in 1988 and produced over 675 machines since then. The company’s consistent operational performance has enabled it to remain profitable since its inception, supported by experienced management and technical expertise. It is also a CRISIL-verified company.

Website BSE
  • Market Cap ₹ 47.4 Cr.
  • Current Price ₹ 105
  • High / Low ₹ 167 / 72.2
  • Stock P/E 45.6
  • Book Value ₹ 31.1
  • Dividend Yield 1.44 %
  • ROCE 14.8 %
  • ROE 8.70 %
  • Face Value ₹ 10.0
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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.

Peer comparison

Industrials Capital Goods Industrial Manufacturing Industrial Products

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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
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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: 15%
5 Years: 32%
3 Years: 34%
1 Year: -33%
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
Free Cash Flow 0.50 -0.36 1.89 0.77 1.52 0.84
CFO/OP 107% -11% 138% 84% 88% 61%

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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Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
45.25% 45.26% 45.25% 45.25% 45.25% 45.25% 45.25% 45.26% 45.30% 45.30% 45.30% 45.30%
54.74% 54.73% 54.75% 54.74% 54.75% 54.75% 54.75% 54.75% 54.69% 54.70% 54.71% 54.71%
No. of Shareholders 4,1164,0144,0594,0284,5154,4154,3194,2074,3014,2174,0884,020

Documents

Announcements

Annual reports