Sturdy Industries Ltd

₹ 0.51 2.00%

10 May - close price

About

Sturdy Industries Limited, incorporated in 1989, is involved in the business of manufacturing Irrigation systems, Power generation products, and I.T. Infrastructure products. The company caters to all over the country.^[1]

Key Points

Products
AAC, AAAC & ACSR Conductors, ABC Cables, Aluminium Composite Panels under the brand SUNBOND. and it also manufactures Sprinkler & Drip Irrigation Systems, HDPE & PVC Pipes, Permanent Lubricant HDPE Ducts and Plastic Water Storage Tanks.^[1]

Website BSE

Market Cap ₹ 7.71 Cr.
Current Price ₹ 0.51
High / Low ₹ 0.69 / 0.37
Stock P/E
Book Value ₹ -6.03
Dividend Yield 0.00 %
ROCE -6.47 %
ROE %
Face Value ₹ 2.00

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Pros

Cons

Company has low interest coverage ratio.
The company has delivered a poor sales growth of -55.9% over past five years.
Promoter holding is low: 12.1%
Contingent liabilities of Rs.12.6 Cr.
Company has high debtors of 3,212 days.
Promoter holding has decreased over last 3 years: -12.4%
Working capital days have increased from 3,578 days to 7,957 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: Non Ferrous Metals Industry: Aluminium and Aluminium Products

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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
	12.99	8.94	3.17	4.85	2.54	1.53	2.43	0.28	0.10	0.58	0.01	0.01	0.10
	13.35	18.04	4.07	5.12	3.49	7.06	3.98	1.16	1.62	2.55	0.84	5.71	0.33
Operating Profit	-0.36	-9.10	-0.90	-0.27	-0.95	-5.53	-1.55	-0.88	-1.52	-1.97	-0.83	-5.70	-0.23
OPM %	-2.77%	-101.79%	-28.39%	-5.57%	-37.40%	-361.44%	-63.79%	-314.29%	-1,520.00%	-339.66%	-8,300.00%	-57,000.00%	-230.00%
	-20.31	6.60	0.04	5.86	-0.22	-0.04	0.04	0.05	0.08	2.14	0.00	0.00	0.00
Interest	5.38	0.58	0.05	-0.13	0.06	0.10	0.00	0.00	0.01	0.00	0.00	0.00	0.01
Depreciation	0.83	0.54	0.75	0.75	0.25	1.02	0.65	0.30	0.30	1.27	0.63	0.63	0.63
Profit before tax	-26.88	-3.62	-1.66	4.97	-1.48	-6.69	-2.16	-1.13	-1.75	-1.10	-1.46	-6.33	-0.87
Tax %	0.00%	0.00%	0.00%	0.00%	0.00%	126.16%	0.00%	0.00%	0.00%	173.64%	0.00%	0.00%	0.00%
	-26.88	-3.62	-1.66	4.97	-1.48	1.75	-2.16	-1.13	-1.75	0.81	-1.46	-6.33	-0.87
EPS in Rs	-1.78	-0.24	-0.11	0.33	-0.10	0.12	-0.14	-0.07	-0.12	0.05	-0.10	-0.42	-0.06
Raw PDF

Upcoming result date: 17 May 2024

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
	697.08	834.86	841.20	430.45	423.50	398.51	203.98	185.03	121.24	50.91	12.09	3.39	0.70
	675.98	814.06	839.37	428.52	412.58	395.21	241.77	190.03	233.28	63.17	22.28	9.32	9.43
Operating Profit	21.10	20.80	1.83	1.93	10.92	3.30	-37.79	-5.00	-112.04	-12.26	-10.19	-5.93	-8.73
OPM %	3.03%	2.49%	0.22%	0.45%	2.58%	0.83%	-18.53%	-2.70%	-92.41%	-24.08%	-84.28%	-174.93%	-1,247.14%
	1.43	1.38	1.56	1.75	5.28	11.35	22.12	-6.04	-58.75	-11.22	8.33	2.31	2.14
Interest	13.32	12.98	18.48	19.96	24.49	10.51	3.46	5.97	9.34	13.35	0.23	0.00	0.01
Depreciation	2.01	4.96	4.99	9.65	8.77	6.86	6.02	3.25	3.33	3.03	2.77	2.51	3.16
Profit before tax	7.20	4.24	-20.08	-25.93	-17.06	-2.72	-25.15	-20.26	-183.46	-39.86	-4.86	-6.13	-9.76
Tax %	19.72%	63.44%	-9.21%	20.52%	31.18%	-44.49%	14.47%	9.82%	13.65%	26.44%	173.87%	31.16%
	5.77	1.55	-21.93	-20.62	-11.74	-3.93	-21.51	-18.26	-158.42	-29.32	3.59	-4.22	-7.85
EPS in Rs	1.06	0.24	-3.41	-3.21	-1.83	-0.26	-1.42	-1.21	-10.47	-1.94	0.24	-0.28	-0.53
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	-42%
5 Years:	-56%
3 Years:	-70%
TTM:	-84%

Compounded Profit Growth
10 Years:	%
5 Years:	11%
3 Years:	24%
TTM:	-202%

Stock Price CAGR
10 Years:	-11%
5 Years:	12%
3 Years:	11%
1 Year:	28%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	%

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	10.86	12.86	12.86	12.86	14.82	30.25	32.25	30.25	30.25	30.25	30.25	30.25	146.85
Reserves	49.13	55.42	33.45	12.51	10.44	8.46	-13.12	-31.17	-192.12	-221.52	-224.92	-230.27	-238.10
Preference Capital	2.00	2.00	2.00	2.00	2.00	2.00	0.00	2.00	116.60	116.60	116.60	116.60
	140.92	151.53	215.79	235.77	259.63	184.16	256.57	249.64	174.29	221.70	209.88	206.18	184.59
	48.03	82.97	91.25	90.23	76.40	109.53	26.27	36.05	160.45	126.10	120.32	117.74	22.71
Total Liabilities	248.94	302.78	353.35	351.37	361.29	332.40	301.97	284.77	172.87	156.53	135.53	123.90	116.05
	30.39	93.23	88.45	84.08	80.75	68.90	62.47	59.29	52.42	45.05	33.77	29.25	27.99
CWIP	54.66	0.92	0.92	0.92	0.92	1.00	1.07	1.64	1.64	1.64	1.64	1.64	1.64
Investments	0.17	0.17	0.17	0.17	0.51	0.31	0.31	0.31	0.31	0.31	0.31	0.31	0.31
	163.72	208.46	263.81	266.20	279.11	262.19	238.12	223.53	118.50	109.53	99.81	92.70	86.11
Total Assets	248.94	302.78	353.35	351.37	361.29	332.40	301.97	284.77	172.87	156.53	135.53	123.90	116.05

Cash Flows

Figures in Rs. Crores

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	31.41	19.69	2.12	-67.76	17.66	16.89	8.12	18.56	-35.29	4.54	-1.57
	-42.41	-18.39	-0.20	-5.65	13.98	7.09	-0.63	2.61	1.49	9.58	3.00
	12.52	-3.35	1.43	68.28	-34.62	-23.50	-6.31	-22.79	34.06	-18.79	-3.71
Net Cash Flow	1.52	-2.05	3.35	-5.12	-2.97	0.48	1.19	-1.63	0.27	-4.67	-2.28

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	52.34	45.48	68.42	150.55	137.31	161.24	310.37	282.01	164.02	278.82	958.54	3,211.78
Inventory Days	24.13	36.50	32.98	55.80	80.77	41.66	50.32	71.41	24.12	31.49	111.73	31.94
Days Payable	14.90	30.84	33.40	69.29	54.79	40.30	36.44	67.55	118.15	60.76	96.13	47.45
Cash Conversion Cycle	61.57	51.14	68.00	137.06	163.30	162.60	324.26	285.88	69.98	249.55	974.15	3,196.27
Working Capital Days	63.75	54.49	73.61	147.13	166.31	168.80	349.41	316.69	75.87	506.53	2,269.70	7,956.78
ROCE %		8.11%	-0.66%	-2.26%	2.70%	3.04%	-8.67%	0.75%	-47.31%	-10.06%	-8.84%	-6.47%

Shareholding Pattern

Numbers in percentages

4 Recently

	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
	24.54%	24.54%	24.54%	24.54%	24.54%	24.54%	24.53%	12.08%	12.08%	12.08%	12.08%	12.08%
	25.00%	25.00%	25.00%	20.79%	10.85%	10.20%	7.27%	7.27%	7.27%	7.27%	7.27%	0.00%
	50.46%	50.46%	50.47%	54.67%	64.61%	65.26%	68.20%	80.64%	80.64%	80.64%	80.65%	87.92%
No. of Shareholders	5,177	5,194	5,177	6,664	7,534	7,487	22,565	28,362	30,397	30,613	31,061	31,309

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Dec 2023
	25.37%	25.41%	24.54%	24.54%	24.54%	24.54%	12.08%	12.08%
	51.00%	0.00%	35.71%	35.71%	25.00%	10.85%	7.27%	0.00%
	23.63%	74.59%	39.76%	39.76%	50.46%	64.61%	80.64%	87.92%
No. of Shareholders	4,946	5,203	5,213	5,216	5,177	7,534	30,397	31,309

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Sturdy Industries Ltd

Sturdy Industries Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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