Shivagrico Implements Ltd

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

Shivagrico Implements Ltd

₹ 21.0 2.44%
25 Apr - close price
ranawatgroup.com BSE: 522237
About

Incorporated in 1965, Shivagrico Implements Ltd deals in Rolling and Forging of agricultural implements and other products.

Key Points

Product Profile:[1]
Company has 150+ product range including Agricultural Implements and Handtools such as Pickaxes, Kudali, Crowbars, Hoes, Pick & Cutter mattocks, Hammers, Mauls, bars, Pinch Point, Post Hole, Wedge Point, San Angelo, Big Bars, Telegraph Bars etc. Company also manufactures re-rolled products such as Angles, hot-rolled Flats, Rounds, Polygons and Squares. These products are sold under the brand names Lion and Chetak.

Website BSE
  • Market Cap ₹ 10.5 Cr.
  • Current Price ₹ 21.0
  • High / Low ₹ 33.3 / 15.6
  • Stock P/E 210
  • Book Value ₹ 14.7
  • Dividend Yield 0.00 %
  • ROCE 4.30 %
  • ROE 0.42 %
  • Face Value ₹ 10.0
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Pros

  • Debtor days have improved from 25.2 to 18.4 days.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 4.39% over last 3 years.
  • Company might be capitalizing the interest cost

* 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: Castings, Forgings & Fastners Industry: Castings & Forgings

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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
10.82 11.72 9.44 16.74 11.52 11.16 11.32 9.98 11.56 9.07 9.77 11.52 10.55
10.30 11.11 8.60 15.81 10.55 10.44 10.58 9.37 10.95 8.46 9.13 10.86 9.92
Operating Profit 0.52 0.61 0.84 0.93 0.97 0.72 0.74 0.61 0.61 0.61 0.64 0.66 0.63
OPM % 4.81% 5.20% 8.90% 5.56% 8.42% 6.45% 6.54% 6.11% 5.28% 6.73% 6.55% 5.73% 5.97%
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest 0.17 0.15 0.16 0.25 0.24 0.29 0.24 0.24 0.24 0.31 0.25 0.30 0.28
Depreciation 0.28 0.31 0.40 0.28 0.41 0.41 0.36 0.36 0.34 0.33 0.36 0.30 0.33
Profit before tax 0.07 0.15 0.28 0.40 0.32 0.02 0.14 0.01 0.03 -0.03 0.03 0.06 0.02
Tax % 114.29% 66.67% 21.43% 30.00% 25.00% 0.00% 28.57% 0.00% 33.33% 0.00% 33.33% 0.00% 100.00%
0.00 0.04 0.22 0.29 0.24 0.02 0.11 0.00 0.02 -0.03 0.03 0.06 -0.01
EPS in Rs 0.00 0.08 0.44 0.58 0.48 0.04 0.22 0.00 0.04 -0.06 0.06 0.12 -0.02
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
24.42 30.19 26.17 24.26 25.55 23.22 21.85 25.33 25.04 37.85 48.20 41.51 40.91
21.96 28.52 24.46 22.52 23.70 21.56 20.88 24.74 23.62 35.98 45.40 39.36 38.37
Operating Profit 2.46 1.67 1.71 1.74 1.85 1.66 0.97 0.59 1.42 1.87 2.80 2.15 2.54
OPM % 10.07% 5.53% 6.53% 7.17% 7.24% 7.15% 4.44% 2.33% 5.67% 4.94% 5.81% 5.18% 6.21%
0.05 0.05 0.04 0.08 0.20 0.31 0.07 0.36 0.36 0.43 0.67 0.42 0.00
Interest 0.57 0.65 0.62 0.72 0.80 0.61 0.57 0.75 0.87 0.75 0.95 1.03 1.14
Depreciation 0.80 0.76 1.00 1.02 1.20 1.30 0.97 1.31 1.32 1.24 1.50 1.39 1.32
Profit before tax 1.14 0.31 0.13 0.08 0.05 0.06 -0.50 -1.11 -0.41 0.31 1.02 0.15 0.08
Tax % 32.46% 6.45% 23.08% 37.50% 200.00% 33.33% 38.00% 25.23% -9.76% 67.74% 24.51% 33.33%
0.76 0.28 0.09 0.05 -0.05 0.04 -0.31 -0.83 -0.45 0.10 0.77 0.10 0.05
EPS in Rs 1.52 0.56 0.18 0.10 -0.10 0.08 -0.62 -1.66 -0.90 0.20 1.54 0.20 0.10
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: 3%
5 Years: 14%
3 Years: 18%
TTM: -7%
Compounded Profit Growth
10 Years: -20%
5 Years: 16%
3 Years: 27%
TTM: -67%
Stock Price CAGR
10 Years: 17%
5 Years: 27%
3 Years: 60%
1 Year: 3%
Return on Equity
10 Years: -1%
5 Years: -1%
3 Years: 4%
Last Year: 0%

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 5.01 5.01 5.01 5.01 5.01 5.01 5.01 5.01 5.01 5.01 5.01 5.01 5.01
Reserves 2.35 2.63 2.72 2.76 2.71 2.77 2.47 1.63 1.09 1.19 2.12 2.28 2.37
6.34 6.21 7.13 8.14 9.88 9.49 10.98 12.84 13.43 18.25 18.37 16.98 20.66
2.74 1.72 1.49 1.96 2.96 2.85 2.60 2.79 3.52 3.17 2.45 3.82 1.47
Total Liabilities 16.44 15.57 16.35 17.87 20.56 20.12 21.06 22.27 23.05 27.62 27.95 28.09 29.51
4.79 7.58 6.94 7.97 7.99 6.59 8.87 8.53 7.70 7.76 9.41 9.13 8.53
CWIP 2.95 1.14 1.97 0.76 1.82 3.11 0.66 0.37 0.62 2.25 0.11 0.87 2.17
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
8.70 6.85 7.44 9.14 10.75 10.42 11.53 13.37 14.73 17.61 18.43 18.09 18.81
Total Assets 16.44 15.57 16.35 17.87 20.56 20.12 21.06 22.27 23.05 27.62 27.95 28.09 29.51

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
2.89 2.16 1.13 0.46 1.19 2.29 -0.15 -0.49 1.06 -1.06 2.57 5.18
-2.10 -1.75 -1.21 -0.86 -2.23 -1.31 -0.76 -0.66 -0.74 -3.00 -0.75 -1.74
-0.54 -0.73 0.06 0.43 1.01 -1.00 0.91 1.12 -0.33 4.07 -0.82 -2.43
Net Cash Flow 0.25 -0.32 -0.02 0.04 -0.02 -0.01 0.00 -0.03 0.00 0.01 0.99 1.01

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 28.40 17.77 11.44 8.27 26.00 17.29 21.88 38.76 40.52 32.31 24.76 18.38
Inventory Days 146.68 77.55 113.04 170.21 170.47 208.02 260.46 197.84 255.83 180.46 138.31 157.86
Days Payable 19.45 8.16 11.12 17.59 9.18 45.01 48.65 43.51 64.02 34.11 15.65 37.22
Cash Conversion Cycle 155.62 87.16 113.36 160.90 187.28 180.31 233.69 193.10 232.33 178.65 147.43 139.02
Working Capital Days 79.07 57.91 74.62 100.05 119.00 119.94 143.66 147.27 153.49 140.12 118.13 111.41
ROCE % 12.78% 6.97% 5.22% 5.20% 5.01% 3.79% 0.28% -1.95% 2.36% 4.82% 7.77% 4.30%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
61.56% 61.62% 61.62% 61.62% 61.62% 61.62% 61.62% 61.62% 61.62% 61.62% 61.62% 61.63%
0.87% 0.87% 0.87% 0.87% 0.87% 0.87% 0.87% 0.87% 0.87% 0.87% 0.87% 0.87%
37.56% 37.50% 37.50% 37.50% 37.50% 37.50% 37.50% 37.50% 37.50% 37.49% 37.50% 37.50%
No. of Shareholders 2,2512,3252,4112,5362,5472,5472,5662,5522,5582,5432,5502,561

* 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.

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