Starlit Power Systems Ltd

Starlit Power Systems Ltd

₹ 4.96 -4.98%
22 Apr - close price
About

Incorporated in 2008, Starlit Power Systems Ltd manufactures batteries for power storage

Key Points

Business Overview:[1]
Company's focus areas are recycling, refining, manufacturing, trade, import & export of Lead based products such as Refined Lead with minimum 99.98% purity, Lead Alloys, Calcium, Antimony, Selenium, Tin, etc and Lead Oxides
such as Grey Oxide and Red lead. Company also recycles old lead acid batteries and lead scrap. Company operates both in B2C viz., selling batteries to customers and also in B2B viz., selling metal and oxides to Industrial users including other battery players.

  • Market Cap 4.99 Cr.
  • Current Price 4.96
  • High / Low 8.39 / 3.80
  • Stock P/E
  • Book Value -30.1
  • Dividend Yield 0.00 %
  • ROCE -5.15 %
  • ROE %
  • Face Value 10.0

Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -40.1% over past five years.
  • Promoter holding is low: 29.4%
  • Company has high debtors of 3,146 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

Standalone Figures in Rs. Crores / View Consolidated

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
5.45 7.85 5.23 2.08 1.32 -0.12 0.00 0.00 0.02 0.54 0.00 0.00 0.00
7.17 8.07 5.59 1.65 1.33 0.24 0.07 0.05 0.15 0.74 0.02 0.08 0.23
Operating Profit -1.72 -0.22 -0.36 0.43 -0.01 -0.36 -0.07 -0.05 -0.13 -0.20 -0.02 -0.08 -0.23
OPM % -31.56% -2.80% -6.88% 20.67% -0.76% -650.00% -37.04%
0.01 -0.10 0.00 0.00 0.05 0.35 0.09 0.05 0.08 0.19 0.05 0.14 0.02
Interest 0.57 0.42 0.52 0.71 0.54 0.39 0.52 0.55 0.57 0.57 0.59 0.70 0.69
Depreciation 0.19 0.42 0.25 0.25 0.25 0.25 0.25 0.19 0.22 0.33 0.23 0.23 0.22
Profit before tax -2.47 -1.16 -1.13 -0.53 -0.75 -0.65 -0.75 -0.74 -0.84 -0.91 -0.79 -0.87 -1.12
Tax % 32.39% 25.86% -123.89% 341.51% -181.33% 255.38% 0.00% -48.65% 17.86% -1,116.48% 0.00% 0.00% 0.00%
-1.68 -0.86 -2.52 1.29 -2.11 1.02 -0.75 -1.10 -0.68 -11.07 -0.79 -0.88 -1.13
EPS in Rs -1.67 -0.85 -2.50 1.28 -2.10 1.01 -0.75 -1.09 -0.68 -11.00 -0.78 -0.87 -1.12
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
20 31 42 31 24 7 7 13 12 18 8 1 1
18 29 40 34 27 10 9 16 13 22 9 1 1
Operating Profit 1 2 3 -3 -4 -3 -2 -3 -2 -4 -0 -0 -1
OPM % 6% 6% 6% -8% -15% -40% -24% -23% -17% -22% -3% -82% -98%
0 0 0 1 0 0 0 1 0 0 0 0 0
Interest 1 1 2 2 3 2 2 2 1 2 2 2 3
Depreciation 0 0 0 1 1 1 1 1 1 1 1 1 1
Profit before tax 0 0 0 -4 -7 -6 -4 -5 -4 -6 -3 -3 -4
Tax % 29% 33% 83% 17% 40% 38% -45% 21% 60% 26% 23% -320%
0 0 0 -3 -4 -4 -6 -4 -2 -5 -2 -14 -14
EPS in Rs 1.04 0.77 0.07 -4.42 -4.41 -3.84 -6.44 -4.00 -1.69 -4.77 -2.31 -13.51 -13.77
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -33%
5 Years: -40%
3 Years: -64%
TTM: -640%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -819%
Stock Price CAGR
10 Years: %
5 Years: -15%
3 Years: -28%
1 Year: -36%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 2 3 4 6 8 10 10 10 10 10 10 10 10
Reserves 0 1 3 0 -1 -6 -13 -16 -18 -23 -25 -39 -40
4 7 14 21 23 25 31 32 34 40 41 43 44
0 2 8 6 8 8 5 8 8 8 7 7 9
Total Liabilities 7 12 30 34 38 37 34 34 35 35 33 21 22
2 3 7 19 17 16 14 13 12 11 10 9 9
CWIP 0 2 5 0 5 6 6 6 6 6 6 6 6
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
5 7 18 15 16 15 14 15 17 18 17 6 8
Total Assets 7 12 30 34 38 37 34 34 35 35 33 21 22

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-2 1 -3 -9 -3 2 -4 1 -1 -3 1 0
-0 -3 -7 2 -1 -2 0 -0 -1 -0 -0 0
2 2 10 7 4 -0 4 -1 1 4 -1 -0
Net Cash Flow 0 0 0 0 -0 -0 0 -0 -0 0 0 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 50 40 67 28 74 233 268 147 101 132 225 3,146
Inventory Days 35 30 38 108 86 117 224 112 202 43 48 149
Days Payable 3 21 52 62 109 363 275 219 286 139 273 3,090
Cash Conversion Cycle 82 50 53 74 50 -14 217 41 17 37 -1 205
Working Capital Days 88 48 87 87 67 27 202 41 30 14 -18 -518
ROCE % 17% 16% 14% -11% -16% -13% -6% -10% -11% -17% -3% -5%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
29.37% 29.37% 29.37% 29.37% 29.37% 29.37% 29.37% 29.37% 29.37% 29.37% 29.37% 29.37%
70.63% 70.63% 70.63% 70.63% 70.63% 70.62% 70.63% 70.63% 70.63% 70.63% 70.64% 70.64%
No. of Shareholders 8601,0591,8512,2462,5882,7002,7072,6502,6503,2173,2423,373

Documents