Super Crop Safe Ltd

₹ 6.86 -0.58%
23 Sep - close price
About

Business Overview
The company manufactures pesticides and formulations of fungicides, insecticides, and weedicides for the protection of crops, biological, and herbal products.
The company has valid CIB(Central Insecticides Board) registrations for 10 Technical Grade Pesticides, and more than 111 variations of weedicides, insecticides, fungicides, and bio products, for domestic sales and exports. [1]
The management has an experience of more than 33 years. [2]

Key Points

Revenue Mix
Insecticide: 31%
Biofertilizers: 17%
Weedicide: 37%
Fungicide: 2%
Others: 13% [1]

  • Market Cap 27.6 Cr.
  • Current Price 6.86
  • High / Low 11.2 / 5.20
  • Stock P/E
  • Book Value 6.15
  • Dividend Yield 0.00 %
  • ROCE -11.6 %
  • ROE -23.5 %
  • Face Value 2.00

Pros

  • Stock is trading at 1.12 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -23.2% over past five years.
  • Promoter holding is low: 39.0%
  • Company has a low return on equity of -10.9% for last 3 years.
  • Company has high debtors of 491 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

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
14.17 21.53 9.80 6.94 9.18 18.90 11.03 4.92 6.42 5.42 6.13 2.02 4.29
12.36 19.83 8.42 7.93 9.19 17.57 13.28 7.30 7.13 6.17 7.13 4.06 4.02
Operating Profit 1.81 1.70 1.38 -0.99 -0.01 1.33 -2.25 -2.38 -0.71 -0.75 -1.00 -2.04 0.27
OPM % 12.77% 7.90% 14.08% -14.27% -0.11% 7.04% -20.40% -48.37% -11.06% -13.84% -16.31% -100.99% 6.29%
0.00 0.00 0.04 -0.03 0.00 0.18 0.01 0.17 0.21 0.15 -0.01 -0.12 0.00
Interest 0.35 0.36 0.38 0.39 0.18 0.63 0.32 0.66 0.37 0.40 0.35 0.40 0.40
Depreciation 0.27 0.20 0.25 0.26 0.23 0.23 0.24 0.22 0.19 0.19 0.20 0.19 0.16
Profit before tax 1.19 1.14 0.79 -1.67 -0.42 0.65 -2.80 -3.09 -1.06 -1.19 -1.56 -2.75 -0.29
Tax % 5.88% 5.26% 1.27% 11.38% 7.14% -13.85% -1.79% 2.91% 6.60% -0.84% 8.97% -3.64% -27.59%
Net Profit 1.13 1.08 0.78 -1.49 -0.38 0.74 -2.85 -3.01 -0.99 -1.20 -1.42 -2.86 -0.37
EPS in Rs 0.29 0.27 0.19 -0.37 -0.09 0.18 -0.71 -0.75 -0.25 -0.30 -0.35 -0.71 -0.09
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
35.34 43.20 55.06 60.89 63.28 72.18 74.99 68.30 64.42 52.43 44.01 20.00 17.86
34.02 41.65 53.61 58.98 61.42 69.07 70.35 60.72 56.13 48.52 47.30 24.49 21.38
Operating Profit 1.32 1.55 1.45 1.91 1.86 3.11 4.64 7.58 8.29 3.91 -3.29 -4.49 -3.52
OPM % 3.74% 3.59% 2.63% 3.14% 2.94% 4.31% 6.19% 11.10% 12.87% 7.46% -7.48% -22.45% -19.71%
0.05 0.17 0.42 0.19 0.23 0.01 0.28 0.00 0.33 0.00 0.36 0.23 0.02
Interest 0.23 0.44 0.68 0.85 0.96 1.13 1.22 1.22 1.39 1.48 1.80 1.52 1.55
Depreciation 0.29 0.34 0.39 0.44 0.61 0.51 0.61 0.76 0.84 0.97 0.92 0.78 0.74
Profit before tax 0.85 0.94 0.80 0.81 0.52 1.48 3.09 5.60 6.39 1.46 -5.65 -6.56 -5.79
Tax % 29.41% 40.43% 42.50% 39.51% 23.08% 18.24% 10.36% 11.79% 14.87% -3.42% 2.65% 1.52%
Net Profit 0.60 0.56 0.46 0.50 0.39 1.20 2.77 4.94 5.45 1.50 -5.50 -6.46 -5.85
EPS in Rs 0.22 0.21 0.16 0.18 0.14 0.37 0.73 1.26 1.38 0.37 -1.37 -1.61 -1.45
Dividend Payout % 45.33% 48.57% 61.85% 56.90% 72.95% 32.30% 19.08% 7.95% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -7%
5 Years: -23%
3 Years: -32%
TTM: -57%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 2%
Stock Price CAGR
10 Years: 7%
5 Years: -25%
3 Years: -28%
1 Year: -1%
Return on Equity
10 Years: 3%
5 Years: 0%
3 Years: -11%
Last Year: -24%

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
5.44 5.44 5.69 5.69 5.69 6.46 7.55 7.85 7.90 8.04 8.04 8.04
Reserves 0.99 1.23 1.56 1.72 1.74 3.94 12.94 19.04 24.95 28.62 23.13 16.68
2.71 2.70 5.51 5.75 6.53 6.15 8.85 12.29 13.57 13.02 15.94 17.05
6.56 11.36 7.50 10.86 14.54 13.79 13.94 14.33 21.37 21.06 17.32 15.87
Total Liabilities 15.70 20.73 20.26 24.02 28.50 30.34 43.28 53.51 67.79 70.74 64.43 57.64
2.00 2.59 2.52 3.64 3.44 3.97 5.38 6.24 6.70 6.73 6.11 5.36
CWIP 0.04 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.20 0.21 0.23 0.00 0.00 0.00
13.66 18.14 17.74 20.38 25.06 26.37 37.70 47.06 60.86 64.01 58.32 52.28
Total Assets 15.70 20.73 20.26 24.02 28.50 30.34 43.28 53.51 67.79 70.74 64.43 57.64

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-2.03 1.56 -2.48 2.28 0.97 0.71 -8.19 -0.51 -1.31 2.45 -1.27 0.37
-0.71 -0.90 -0.31 -1.56 -0.44 -1.04 -1.92 -1.66 -0.99 -0.84 -0.02 0.09
2.40 -0.58 2.68 -0.64 -0.24 0.40 10.12 2.20 2.24 -1.76 1.20 -0.37
Net Cash Flow -0.34 0.08 -0.11 0.08 0.29 0.07 0.00 0.03 -0.05 -0.14 -0.09 0.09

Ratios

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 91.71 72.16 70.20 74.75 73.60 83.13 100.85 157.22 181.14 236.98 259.67 490.56
Inventory Days 46.83 83.04 49.51 49.32 74.85 50.52 91.01 109.29 205.08 258.76 247.00 482.58
Days Payable 68.04 101.97 48.84 66.59 71.39 57.78 58.08 70.34 105.87 136.44 115.98 197.37
Cash Conversion Cycle 70.51 53.23 70.87 57.49 77.07 75.87 133.78 196.16 280.35 359.30 390.69 775.77
Working Capital Days 72.09 55.76 66.62 53.89 55.08 60.43 121.59 172.72 232.08 298.52 339.29 663.94
ROCE % 14.17% 14.91% 13.38% 12.73% 10.91% 17.11% 18.83% 20.02% 18.18% 6.14% -7.96% -11.59%

Shareholding Pattern

Numbers in percentages

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
38.52 39.31 39.36 39.36 39.38 39.27 39.12 39.12 39.12 39.12 39.12 38.96
0.00 0.06 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.24 1.21 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
61.24 59.43 60.64 60.64 60.62 60.73 60.88 60.88 60.88 60.88 60.88 61.04

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