Shiva Global Agro Industries Ltd

About

Shiva Global Agro Industries Limited is an agriculture company. The Company is engaged in the manufacture and trading of farm inputs.

  • Market Cap 64.3 Cr.
  • Current Price 64.4
  • High / Low 83.0 / 27.0
  • Stock P/E 5.11
  • Book Value 99.0
  • Dividend Yield 0.78 %
  • ROCE 12.9 %
  • ROE 9.10 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 0.65 times its book value
  • Debtor days have improved from 54.85 to 41.61 days.

Cons

  • The company has delivered a poor sales growth of 4.75% over past five years.
  • Company has a low return on equity of 7.97% for last 3 years.

Peer comparison

Sector: Fertilizers Industry: Fertilizers

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021
158.63 132.33 105.38 120.43 156.07 107.76 134.94 117.25 150.18 170.30 155.49 101.51
152.62 125.92 99.94 115.79 150.75 102.31 128.98 113.65 146.63 161.14 145.64 94.01
Operating Profit 6.01 6.41 5.44 4.64 5.32 5.45 5.96 3.60 3.55 9.16 9.85 7.50
OPM % 3.79% 4.84% 5.16% 3.85% 3.41% 5.06% 4.42% 3.07% 2.36% 5.38% 6.33% 7.39%
Other Income 0.14 -3.23 0.20 0.36 0.00 0.31 0.03 0.12 0.36 0.31 0.02 0.18
Interest 2.18 1.63 1.75 1.86 1.91 2.06 1.48 1.11 1.20 1.50 1.40 1.78
Depreciation 0.73 0.20 0.59 0.59 0.45 0.81 0.61 0.47 0.75 0.69 0.63 0.63
Profit before tax 3.24 1.35 3.30 2.55 2.96 2.89 3.90 2.14 1.96 7.28 7.84 5.27
Tax % 33.33% 93.33% 26.97% 20.00% 26.35% 6.92% 24.87% 25.70% 32.14% 21.84% 25.00% 24.86%
Net Profit 1.33 -1.02 1.80 1.40 1.25 1.92 2.36 1.17 0.90 3.50 4.74 3.45
EPS in Rs 1.33 -1.02 1.80 1.40 1.25 1.92 2.36 1.17 0.90 3.50 4.74 3.45

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
296 360 393 510 520 508 454 442 444 500 490 573 577
279 337 366 484 490 480 430 418 421 475 469 550 547
Operating Profit 16 23 27 26 29 28 25 24 23 24 21 22 30
OPM % 5% 6% 7% 5% 6% 6% 5% 5% 5% 5% 4% 4% 5%
Other Income 4 0 1 2 1 1 1 1 2 -3 1 1 1
Interest 9 13 16 17 18 16 14 11 12 8 8 5 6
Depreciation 2 2 2 3 3 3 3 3 3 2 2 3 3
Profit before tax 9 9 9 9 10 10 8 10 11 11 12 15 22
Tax % 33% 23% 32% 34% 34% 32% 38% 31% 29% 38% 20% 24%
Net Profit 5 5 5 4 4 5 3 5 5 4 6 8 13
EPS in Rs 5.97 5.65 5.25 4.43 4.63 4.95 3.62 5.07 5.11 3.76 6.36 7.95 12.59
Dividend Payout % 17% 18% 19% 11% 0% 0% 0% 0% 0% 0% 0% 6%
Compounded Sales Growth
10 Years: 5%
5 Years: 5%
3 Years: 9%
TTM: 12%
Compounded Profit Growth
10 Years: 4%
5 Years: 18%
3 Years: 16%
TTM: 88%
Stock Price CAGR
10 Years: 10%
5 Years: 12%
3 Years: 18%
1 Year: 72%
Return on Equity
10 Years: 8%
5 Years: 8%
3 Years: 8%
Last Year: 9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Sep 2021
8 10 10 10 10 10 10 10 10 10 10 10 10
Reserves 22 34 37 41 46 50 54 59 65 67 73 81 89
Borrowings 86 115 122 152 158 128 108 102 95 71 87 57 55
42 39 62 86 92 91 111 107 82 72 78 58 71
Total Liabilities 158 198 231 289 305 279 282 277 252 220 247 205 224
36 46 39 39 43 47 46 44 42 36 41 43 43
CWIP 0 0 9 11 9 6 5 5 5 0 2 0 0
Investments 0 1 1 2 2 2 1 1 1 0 0 1 6
121 150 182 236 252 225 230 227 204 183 204 162 176
Total Assets 158 198 231 289 305 279 282 277 252 220 247 205 224

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
-47 -20 11 -2 6 42 34 17 17 37 -5 40
-5 -1 1 3 2 -1 1 1 0 -4 -3 -2
56 19 -14 12 -12 -46 -35 -18 -18 -33 8 -35
Net Cash Flow 5 -3 -2 13 -4 -6 0 1 -0 -1 0 3

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 31 46 68 79 91 82 77 99 62 56 67 42
Inventory Days 111 106 99 76 77 76 106 92 111 71 83 58
Days Payable 24 12 37 44 42 40 59 50 21 18 19 7
Cash Conversion Cycle 118 140 130 111 126 118 125 141 152 109 131 93
Working Capital Days 105 122 121 108 119 111 110 122 123 94 114 85
ROCE % 16% 16% 14% 13% 13% 12% 13% 13% 14% 12% 13%

Shareholding Pattern

Numbers in percentages

Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021
56.58 56.61 57.67 57.95 58.12 60.67 60.67 60.64 61.78 58.40 58.40 58.40
0.00 0.00 0.00 0.00 0.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02
43.40 43.37 42.31 42.03 41.83 39.31 39.31 39.34 38.20 41.58 41.58 41.58

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