Divyashakti Ltd
Incorporated in 1991, Divyashakti
Ltd manufactures and exports Polished
Granite Slabs & Tiles and Engineering
Stones (Quartz Slabs)[1]
- Market Cap ₹ 78.3 Cr.
- Current Price ₹ 76.2
- High / Low ₹ 98.3 / 60.2
- Stock P/E 270
- Book Value ₹ 120
- Dividend Yield 2.62 %
- ROCE 9.19 %
- ROE 6.50 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 0.64 times its book value
- Company has been maintaining a healthy dividend payout of 26.5%
Cons
- The company has delivered a poor sales growth of 1.96% over past five years.
- Company has a low return on equity of 6.17% over last 3 years.
- Earnings include an other income of Rs.2.28 Cr.
- Company has high debtors of 450 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
Quarterly Results
Figures in Rs. Crores
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
46.01 | 50.76 | 60.57 | 62.80 | 67.97 | 108.07 | 68.55 | 33.40 | 60.13 | 56.88 | 63.57 | 75.53 | 67.79 | |
38.58 | 43.20 | 49.51 | 53.96 | 56.74 | 93.10 | 61.93 | 28.92 | 55.05 | 46.21 | 55.12 | 69.89 | 66.76 | |
Operating Profit | 7.43 | 7.56 | 11.06 | 8.84 | 11.23 | 14.97 | 6.62 | 4.48 | 5.08 | 10.67 | 8.45 | 5.64 | 1.03 |
OPM % | 16.15% | 14.89% | 18.26% | 14.08% | 16.52% | 13.85% | 9.66% | 13.41% | 8.45% | 18.76% | 13.29% | 7.47% | 1.52% |
5.38 | 14.89 | 5.22 | 6.80 | 5.27 | 1.01 | 1.60 | 4.09 | 7.26 | 0.21 | 3.47 | 7.99 | 2.28 | |
Interest | 0.10 | 0.10 | 0.09 | 0.07 | 0.05 | 0.17 | 0.12 | 0.16 | 0.17 | 0.08 | 0.06 | 0.09 | 0.09 |
Depreciation | 1.44 | 1.01 | 1.03 | 1.05 | 1.10 | 1.13 | 0.65 | 1.59 | 2.23 | 2.35 | 2.40 | 2.52 | 2.47 |
Profit before tax | 11.27 | 21.34 | 15.16 | 14.52 | 15.35 | 14.68 | 7.45 | 6.82 | 9.94 | 8.45 | 9.46 | 11.02 | 0.75 |
Tax % | 35.14% | 26.99% | 34.76% | 35.67% | 33.94% | 35.49% | 35.30% | 24.49% | 24.85% | 25.44% | 24.52% | 28.86% | |
7.32 | 15.58 | 9.89 | 9.35 | 10.14 | 9.48 | 4.82 | 5.15 | 7.47 | 6.30 | 7.15 | 7.83 | 0.29 | |
EPS in Rs | 7.07 | 15.05 | 9.56 | 9.11 | 9.87 | 9.23 | 4.69 | 5.02 | 7.27 | 6.14 | 6.96 | 7.62 | 0.28 |
Dividend Payout % | 21.11% | 9.92% | 15.62% | 16.48% | 15.19% | 16.25% | 31.96% | 29.91% | 20.62% | 24.45% | 28.73% | 26.23% |
Compounded Sales Growth | |
---|---|
10 Years: | 4% |
5 Years: | 2% |
3 Years: | 8% |
TTM: | -9% |
Compounded Profit Growth | |
---|---|
10 Years: | 1% |
5 Years: | 11% |
3 Years: | 2% |
TTM: | -98% |
Stock Price CAGR | |
---|---|
10 Years: | 11% |
5 Years: | -3% |
3 Years: | 17% |
1 Year: | -1% |
Return on Equity | |
---|---|
10 Years: | 8% |
5 Years: | 6% |
3 Years: | 6% |
Last Year: | 7% |
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 | 10.30 | 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 | 37.81 | 51.58 | 59.66 | 67.19 | 75.48 | 85.12 | 88.09 | 91.34 | 96.91 | 101.69 | 107.30 | 113.16 | 112.48 |
0.20 | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.22 | 0.14 | 0.05 | 0.39 | 0.27 | 1.68 | |
23.98 | 14.05 | 12.20 | 9.97 | 10.71 | 12.94 | 22.48 | 27.83 | 19.62 | 16.77 | 14.50 | 14.36 | 21.88 | |
Total Liabilities | 72.29 | 75.96 | 82.16 | 87.43 | 96.46 | 108.33 | 120.84 | 129.66 | 126.94 | 128.78 | 132.46 | 138.06 | 146.31 |
8.46 | 8.39 | 7.36 | 7.42 | 6.32 | 7.96 | 7.40 | 31.43 | 31.67 | 30.11 | 29.73 | 27.75 | 26.53 | |
CWIP | 0.00 | 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 | 0.00 | 15.96 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
63.83 | 67.57 | 74.80 | 80.01 | 90.14 | 100.37 | 87.71 | 94.66 | 95.27 | 98.31 | 102.73 | 110.31 | 119.78 | |
Total Assets | 72.29 | 75.96 | 82.16 | 87.43 | 96.46 | 108.33 | 120.84 | 129.66 | 126.94 | 128.78 | 132.46 | 138.06 | 146.31 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
3.80 | 9.34 | 10.46 | 14.07 | 12.12 | -8.21 | 2.51 | 17.26 | -16.44 | 10.48 | 2.43 | -9.00 | |
0.01 | -1.11 | 1.43 | -0.35 | 3.84 | -3.43 | -24.61 | -4.64 | 3.49 | -4.64 | -4.90 | 7.12 | |
-1.73 | -1.80 | -1.85 | -1.72 | -1.86 | -1.82 | -1.87 | -1.72 | -1.85 | -1.56 | -1.20 | -2.19 | |
Net Cash Flow | 2.08 | 6.43 | 10.04 | 12.01 | 14.10 | -13.46 | -23.97 | 10.90 | -14.79 | 4.28 | -3.68 | -4.07 |
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 | 223.63 | 230.68 | 180.48 | 164.54 | 151.54 | 149.96 | 273.79 | 487.72 | 432.56 | 443.54 | 386.70 | 450.05 |
Inventory Days | 219.84 | 173.58 | 136.63 | 83.33 | 64.22 | 59.94 | 93.25 | 423.22 | 100.94 | 89.50 | 121.05 | 51.58 |
Days Payable | 211.87 | 61.47 | 43.48 | 37.61 | 33.02 | 49.25 | 134.13 | 508.27 | 126.79 | 128.79 | 97.41 | 74.16 |
Cash Conversion Cycle | 231.61 | 342.79 | 273.63 | 210.26 | 182.74 | 160.65 | 232.91 | 402.67 | 406.72 | 404.26 | 410.34 | 427.47 |
Working Capital Days | 178.34 | 226.29 | 191.27 | 162.16 | 141.07 | 154.55 | 258.93 | 407.51 | 389.58 | 405.43 | 405.08 | 434.88 |
ROCE % | 24.94% | 19.94% | 23.13% | 19.79% | 18.87% | 16.29% | 7.71% | 6.94% | 9.67% | 7.78% | 8.25% | 9.19% |
Documents
Announcements
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 22 Apr
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 17 Apr
- Compliance With Regulation 7(3) Of The SEBI (LODR) Regulations, 2015 13 Apr
- Submission Of Compliance Certificate Under Regulation 40(9) & 40(10) Of SEBI (LODR) Regulations, 2015 For The Year Ended 31St March, 2024 13 Apr
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 13 Apr
Annual reports
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
-
Financial Year 2010
from bse
-
Financial Year 2009
from bse
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