Shetron Ltd

About

Shetron is exclusively engaged in the business of 'Metal Packaging' products primarily in India.

  • Market Cap 17.3 Cr.
  • Current Price 19.2
  • High / Low 24.2 / 13.8
  • Stock P/E
  • Book Value 44.7
  • Dividend Yield 0.00 %
  • ROCE 11.1 %
  • ROE 2.12 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.43 times its book value

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 growth of 0.15% over past five years.
  • Company has a low return on equity of 4.12% for last 3 years.
  • Contingent liabilities of Rs.5.22 Cr.

Peer comparison

Sector: Packaging Industry: Packaging

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020
40.65 35.50 51.17 44.54 34.72 34.32 49.33 38.26 37.73 37.04 42.16 42.31
35.99 31.74 45.46 39.39 30.68 30.19 44.43 33.87 32.98 34.13 38.57 40.26
Operating Profit 4.66 3.76 5.71 5.15 4.04 4.13 4.90 4.39 4.75 2.91 3.59 2.05
OPM % 11.46% 10.59% 11.16% 11.56% 11.64% 12.03% 9.93% 11.47% 12.59% 7.86% 8.52% 4.85%
Other Income 0.21 0.24 0.18 0.77 0.37 0.55 0.26 0.34 0.31 0.72 0.26 0.60
Interest 2.89 2.62 2.99 2.85 2.69 2.91 3.01 2.80 3.06 3.05 2.69 2.56
Depreciation 1.71 1.45 1.67 1.49 1.49 1.47 1.56 1.70 1.71 0.42 1.48 1.49
Profit before tax 0.27 -0.07 1.23 1.58 0.23 0.30 0.59 0.23 0.29 0.16 -0.32 -1.40
Tax % 37.04% -71.43% 24.39% 34.18% 65.22% 40.00% 16.95% 17.39% 24.14% 25.00% 0.00% 0.00%
Net Profit 0.17 -0.12 0.93 1.04 0.08 0.18 0.49 0.19 0.22 0.12 -0.32 -1.40
EPS in Rs 0.19 -0.13 1.03 1.16 0.09 0.20 0.54 0.21 0.24 0.13 -0.36 -1.55
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
119 109 115 121 122 132 161 158 148 168 165 162 159
103 90 96 108 104 111 136 132 125 147 146 145 146
Operating Profit 16 19 18 13 18 22 25 25 23 21 19 17 13
OPM % 14% 18% 16% 11% 15% 16% 16% 16% 16% 12% 11% 10% 8%
Other Income 3 1 1 2 2 1 1 1 1 1 2 2 2
Interest 12 12 13 14 17 17 17 16 14 12 11 12 11
Depreciation 6 6 7 8 8 8 8 8 8 7 6 6 5
Profit before tax 2 2 0 -7 -5 -2 1 2 3 3 3 1 -1
Tax % 38% 31% 31% 41% 31% 34% 34% 33% 30% 33% 34% 22%
Net Profit 1 1 0 -4 -3 -1 1 2 2 2 2 1 -1
EPS in Rs 1.39 1.16 0.32 -4.70 -3.87 -1.11 0.82 1.67 2.07 2.02 2.44 0.98 -1.54
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:4%
5 Years:0%
3 Years:3%
TTM:2%
Compounded Profit Growth
10 Years:-2%
5 Years:3%
3 Years:-22%
TTM:-247%
Stock Price CAGR
10 Years:-4%
5 Years:-13%
3 Years:-29%
1 Year:-12%
Return on Equity
10 Years:0%
5 Years:4%
3 Years:4%
Last Year:2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
9 9 9 9 9 9 9 9 9 9 9 9 9
Reserves 40 39 39 35 31 30 31 33 28 30 32 33 31
Borrowings 67 78 79 104 103 104 107 97 87 74 76 78 67
30 30 42 31 27 32 36 34 41 46 39 31 41
Total Liabilities 145 156 168 179 171 176 183 172 165 159 155 150 148
65 68 70 83 76 72 67 60 52 49 47 47 44
CWIP 9 7 2 1 1 3 2 3 4 3 0 0 1
Investments 1 1 1 1 1 1 1 4 4 4 4 0 0
70 80 95 94 92 99 113 105 105 103 104 103 103
Total Assets 145 156 168 179 171 176 183 172 165 159 155 150 148

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
5 -5 9 3 -7 7 9 17 16 11 -13 2
-9 -7 -11 -19 -1 -3 -1 -4 -4 1 -1 -1
5 12 6 16 8 -2 -10 -11 -11 -19 14 -2
Net Cash Flow 0 -0 4 -0 0 1 -2 3 2 -6 0 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 12% 11% 10% 5% 8% 10% 12% 13% 12% 12% 13% 11%
Debtor Days 67 92 79 66 81 75 82 66 80 78 65 65
Inventory Turnover 2.88 2.92 2.76 2.62 2.83 3.32 3.53 3.26 3.00 3.22 2.74 2.64

Shareholding Pattern

Numbers in percentages

Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020
61.72 61.72 65.10 65.16 64.26 64.27 64.31 64.38 64.38 64.39 64.39 64.39
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.02 0.00 0.00 0.00
38.28 38.28 34.90 34.84 35.74 35.73 35.69 35.62 35.60 35.60 35.60 35.60

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