Sturdy Industries Ltd

Sturdy Industries Ltd

₹ 0.60 0.00%
21 Feb 4:00 p.m.
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]

  • Market Cap 9.08 Cr.
  • Current Price 0.60
  • High / Low 0.69 / 0.36
  • Stock P/E
  • Book Value -6.03
  • Dividend Yield 0.00 %
  • ROCE -6.47 %
  • ROE %
  • Face Value 2.00

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.

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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

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: -10%
5 Years: 13%
3 Years: 6%
1 Year: 46%
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 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
31.41 19.69 2.12 -67.76 17.66 16.89 0.00 8.12 18.56 -35.29 4.54 -1.57
-42.41 -18.39 -0.20 -5.65 13.98 7.09 0.00 -0.63 2.61 1.49 9.58 3.00
12.52 -3.35 1.43 68.28 -34.62 -23.50 0.00 -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 0.00 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

14 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 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 5,1775,1945,1776,6647,5347,48722,56528,36230,39730,61331,06131,309

* 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.

Click on the line-items to see the names of individual entities.

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