Divyashakti Ltd

Divyashakti Ltd

₹ 70.2 -2.32%
14 Jun - close price
About

Incorporated in 1991, Divyashakti
Ltd manufactures and exports Polished
Granite Slabs & Tiles and Engineering
Stones (Quartz Slabs)[1]

Key Points

Business Overview:[1]
Company is a part of Divyashakti Group.
It manufactures and exports polished granite
slabs, tiles, monuments, and Quartz Slabs
in a wide spectrum of colors, textures
and finish

  • Market Cap 72.1 Cr.
  • Current Price 70.2
  • High / Low 98.3 / 60.2
  • Stock P/E 31.1
  • Book Value 120
  • Dividend Yield 2.85 %
  • ROCE 2.65 %
  • ROE 1.88 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.58 times its book value
  • Company has been maintaining a healthy dividend payout of 47.8%

Cons

  • Company has a low return on equity of 4.82% over last 3 years.
  • Earnings include an other income of Rs.2.86 Cr.
  • Company has high debtors of 512 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: Miscellaneous Industry: Miscellaneous

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Quarterly Results

Figures in Rs. Crores

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
15.88 14.62 17.05 18.48 13.42 24.12 28.19 9.05 14.17 15.34 19.82 18.46 16.15
13.76 11.45 15.24 16.66 11.80 20.40 25.70 8.74 15.57 14.51 19.07 17.61 15.67
Operating Profit 2.12 3.17 1.81 1.82 1.62 3.72 2.49 0.31 -1.40 0.83 0.75 0.85 0.48
OPM % 13.35% 21.68% 10.62% 9.85% 12.07% 15.42% 8.83% 3.43% -9.88% 5.41% 3.78% 4.60% 2.97%
0.89 1.07 0.24 0.39 1.78 3.49 3.46 1.49 0.06 0.22 1.52 0.48 0.64
Interest 0.02 0.01 0.02 0.01 0.01 0.02 0.02 0.03 0.02 0.02 0.02 0.03 0.05
Depreciation 0.63 0.60 0.60 0.60 0.60 0.62 0.63 0.63 0.64 0.61 0.61 0.61 0.60
Profit before tax 2.36 3.63 1.43 1.60 2.79 6.57 5.30 1.14 -2.00 0.42 1.64 0.69 0.47
Tax % 22.88% 11.85% 46.15% 41.25% 20.07% 26.33% 24.53% 53.51% 23.00% 28.57% 35.37% 31.88% 0.00%
1.82 3.21 0.77 0.94 2.23 4.84 4.00 0.53 -1.54 0.31 1.06 0.46 0.47
EPS in Rs 1.77 3.13 0.75 0.92 2.17 4.71 3.90 0.52 -1.50 0.30 1.03 0.45 0.46
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
50.76 60.57 62.80 67.97 108.07 68.55 33.40 60.13 56.88 63.57 75.53 69.77
43.20 49.51 53.96 56.74 93.10 61.93 28.92 55.05 46.21 55.12 69.89 66.87
Operating Profit 7.56 11.06 8.84 11.23 14.97 6.62 4.48 5.08 10.67 8.45 5.64 2.90
OPM % 14.89% 18.26% 14.08% 16.52% 13.85% 9.66% 13.41% 8.45% 18.76% 13.29% 7.47% 4.16%
14.89 5.22 6.80 5.27 1.01 1.60 4.09 7.26 0.21 3.47 7.99 2.86
Interest 0.10 0.09 0.07 0.05 0.17 0.12 0.16 0.17 0.08 0.06 0.09 0.10
Depreciation 1.01 1.03 1.05 1.10 1.13 0.65 1.59 2.23 2.35 2.40 2.52 2.43
Profit before tax 21.34 15.16 14.52 15.35 14.68 7.45 6.82 9.94 8.45 9.46 11.02 3.23
Tax % 26.99% 34.76% 35.67% 33.94% 35.49% 35.30% 24.49% 24.85% 25.44% 24.52% 28.86% 27.86%
15.58 9.89 9.35 10.14 9.48 4.82 5.15 7.47 6.30 7.15 7.83 2.32
EPS in Rs 15.05 9.56 9.11 9.87 9.23 4.69 5.02 7.27 6.14 6.96 7.62 2.26
Dividend Payout % 9.92% 15.62% 16.48% 15.19% 16.25% 31.96% 29.91% 20.62% 24.45% 28.73% 26.23% 88.53%
Compounded Sales Growth
10 Years: 1%
5 Years: 16%
3 Years: 7%
TTM: -8%
Compounded Profit Growth
10 Years: -14%
5 Years: -15%
3 Years: -28%
TTM: -70%
Stock Price CAGR
10 Years: 9%
5 Years: -2%
3 Years: 6%
1 Year: 3%
Return on Equity
10 Years: 7%
5 Years: 5%
3 Years: 5%
Last Year: 2%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 10.30 10.30 10.27 10.27 10.27 10.27 10.27 10.27 10.27 10.27 10.27 10.27
Reserves 51.58 59.66 67.19 75.48 85.12 88.09 91.34 96.91 101.69 107.30 113.16 113.41
0.03 0.00 0.00 0.00 0.00 0.00 0.22 0.14 0.05 0.39 0.27 4.23
14.05 12.20 9.97 10.71 12.94 22.48 27.83 19.62 16.77 14.50 14.36 15.37
Total Liabilities 75.96 82.16 87.43 96.46 108.33 120.84 129.66 126.94 128.78 132.46 138.06 143.28
8.39 7.36 7.42 6.32 7.96 7.40 31.43 31.67 30.11 29.73 27.75 25.32
CWIP 0.00 0.00 0.00 0.00 0.00 9.77 3.57 0.00 0.36 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00 15.96 0.00 0.00 0.00 0.00 0.00 0.00
67.57 74.80 80.01 90.14 100.37 87.71 94.66 95.27 98.31 102.73 110.31 117.96
Total Assets 75.96 82.16 87.43 96.46 108.33 120.84 129.66 126.94 128.78 132.46 138.06 143.28

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
9.34 10.46 14.07 12.12 -8.21 2.51 17.26 -16.44 10.48 2.43 -9.00 -1.53
-1.11 1.43 -0.35 3.84 -3.43 -24.61 -4.64 3.49 -4.64 -4.90 7.12 1.07
-1.80 -1.85 -1.72 -1.86 -1.82 -1.87 -1.72 -1.85 -1.56 -1.20 -2.19 1.95
Net Cash Flow 6.43 10.04 12.01 14.10 -13.46 -23.97 10.90 -14.79 4.28 -3.68 -4.07 1.49

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 230.68 180.48 164.54 151.54 149.96 273.79 487.72 432.56 443.54 386.70 450.05 511.64
Inventory Days 173.58 136.63 83.33 64.22 59.94 93.25 423.22 100.94 89.50 121.05 51.58 49.58
Days Payable 61.47 43.48 37.61 33.02 49.25 134.13 508.27 126.79 128.79 97.41 74.16 68.77
Cash Conversion Cycle 342.79 273.63 210.26 182.74 160.65 232.91 402.67 406.72 404.26 410.34 427.47 492.45
Working Capital Days 226.29 191.27 162.16 141.07 154.55 258.93 407.51 389.58 405.43 405.08 434.88 497.77
ROCE % 19.94% 23.13% 19.79% 18.87% 16.29% 7.71% 6.94% 9.67% 7.78% 8.25% 9.19%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
73.34% 73.34% 73.34% 73.34% 73.34% 73.34% 73.34% 74.80% 74.80% 74.80% 74.80% 74.80%
26.66% 26.66% 26.66% 26.66% 26.66% 26.65% 26.66% 25.20% 25.20% 25.19% 25.20% 25.20%
No. of Shareholders 4,4984,8314,7824,7054,7614,8334,8964,8914,9475,2615,2575,210

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