Divyashakti Ltd

Divyashakti Ltd

₹ 76.2 -1.61%
26 Apr - 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 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

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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
16.25 15.88 14.62 17.05 18.48 13.42 24.12 28.19 9.05 14.17 15.34 19.82 18.46
13.59 13.76 11.45 15.24 16.66 11.80 20.40 25.70 8.74 15.57 14.51 19.07 17.61
Operating Profit 2.66 2.12 3.17 1.81 1.82 1.62 3.72 2.49 0.31 -1.40 0.83 0.75 0.85
OPM % 16.37% 13.35% 21.68% 10.62% 9.85% 12.07% 15.42% 8.83% 3.43% -9.88% 5.41% 3.78% 4.60%
0.08 0.89 1.07 0.24 0.39 1.78 3.49 3.46 1.49 0.06 0.22 1.52 0.48
Interest 0.02 0.02 0.01 0.02 0.01 0.01 0.02 0.02 0.03 0.02 0.02 0.02 0.03
Depreciation 0.58 0.63 0.60 0.60 0.60 0.60 0.62 0.63 0.63 0.64 0.61 0.61 0.61
Profit before tax 2.14 2.36 3.63 1.43 1.60 2.79 6.57 5.30 1.14 -2.00 0.42 1.64 0.69
Tax % 30.37% 22.88% 11.85% 46.15% 41.25% 20.07% 26.33% 24.53% 53.51% 23.00% 28.57% 35.37% 31.88%
1.49 1.82 3.21 0.77 0.94 2.23 4.84 4.00 0.53 -1.54 0.31 1.06 0.46
EPS in Rs 1.45 1.77 3.13 0.75 0.92 2.17 4.71 3.90 0.52 -1.50 0.30 1.03 0.45
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
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%

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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