Starlit Power Systems Ltd

Starlit Power Systems Ltd

₹ 4.51 -4.85%
19 Feb - 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 4.54 Cr.
  • Current Price 4.51
  • High / Low 9.90 / 3.80
  • Stock P/E
  • Book Value -6.57
  • Dividend Yield 0.00 %
  • ROCE -10.4 %
  • ROE %
  • Face Value 10.0

Pros

  • Debtor days have improved from 217 to 161 days.
  • Company's working capital requirements have reduced from 67.9 days to 27.4 days

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -21.4% over past five years.
  • Promoter holding is low: 29.4%
  • Company has high debtors of 161 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

Consolidated Figures in Rs. Crores / View Standalone

Dec 2015 Mar 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019
0.00 11.31 0.23 0.53 0.86 0.71 2.45 3.27 5.67 3.20 2.12 1.83 3.32
0.00 13.23 1.49 1.05 1.63 1.88 2.45 4.33 5.48 4.72 2.62 3.05 4.13
Operating Profit 0.00 -1.92 -1.26 -0.52 -0.77 -1.17 0.00 -1.06 0.19 -1.52 -0.50 -1.22 -0.81
OPM % -16.98% -547.83% -98.11% -89.53% -164.79% 0.00% -32.42% 3.35% -47.50% -23.58% -66.67% -24.40%
0.00 0.00 0.00 0.00 0.00 0.01 0.02 1.50 0.00 0.64 0.16 0.43 0.00
Interest 0.00 1.57 0.69 0.35 0.81 0.85 0.91 -0.71 0.38 0.45 0.50 0.97 0.45
Depreciation 0.00 0.64 0.26 0.26 0.26 0.26 0.26 0.22 0.25 0.25 0.25 0.25 0.25
Profit before tax 0.00 -4.13 -2.21 -1.13 -1.84 -2.27 -1.15 0.93 -0.44 -1.58 -1.09 -2.01 -1.51
Tax % 73.37% 0.00% 0.00% -27.72% 0.00% 0.00% 217.20% 9.09% 65.82% 66.97% -36.32% 94.70%
0.00 -1.10 -2.22 -1.13 -2.34 -2.27 -1.15 -1.09 -0.41 -0.53 -0.36 -2.74 -0.08
EPS in Rs 0.00 -1.09 -2.21 -1.10 -2.32 -2.25 -1.14 -1.08 -0.41 -0.53 -0.36 -2.72 -0.08
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
42.56 32.86 25.58 7.85 7.17 12.78 10.47
39.97 35.70 29.19 10.09 8.95 15.78 14.52
Operating Profit 2.59 -2.84 -3.61 -2.24 -1.78 -3.00 -4.05
OPM % 6.09% -8.64% -14.11% -28.54% -24.83% -23.47% -38.68%
0.06 1.30 0.26 0.05 0.53 1.23 1.23
Interest 1.98 2.10 2.94 2.47 1.81 2.35 2.37
Depreciation 0.44 0.66 1.13 1.04 1.00 1.00 1.00
Profit before tax 0.23 -4.30 -7.42 -5.70 -4.06 -5.12 -6.19
Tax % 82.61% 16.51% 40.84% 31.75% -49.75% 21.09%
0.04 -3.60 -4.39 -3.90 -6.08 -4.03 -3.71
EPS in Rs 0.07 -4.71 -4.35 -3.85 -6.03 -4.00 -3.69
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: -21%
3 Years: -21%
TTM: -13%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 3%
TTM: 15%
Stock Price CAGR
10 Years: %
5 Years: -18%
3 Years: -40%
1 Year: -34%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
Equity Capital 4.48 6.12 8.05 10.06 10.06 10.06
Reserves 3.49 -0.14 -1.01 -7.33 -13.07 -16.67
13.96 21.23 22.97 25.05 30.87 31.85
7.78 8.46 7.99 8.32 6.15 9.44
Total Liabilities 29.71 35.67 38.00 36.10 34.01 34.68
6.94 18.77 17.24 16.26 14.12 13.19
CWIP 4.83 0.00 4.52 5.59 5.59 5.59
Investments 0.00 0.00 0.00 0.00 0.00 0.00
17.94 16.90 16.24 14.25 14.30 15.90
Total Assets 29.71 35.67 38.00 36.10 34.01 34.68

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
0.04 2.18 -3.75 1.05
-4.44 -1.87 0.17 -0.07
4.07 -0.38 4.02 -1.32
Net Cash Flow -0.33 -0.07 0.45 -0.34

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
Debtor Days 66.81 44.54 65.64 200.40 289.66 160.79
Inventory Days 38.09 107.61 83.98 123.13 218.77 117.33
Days Payable 51.57 86.35 106.91 376.73 324.64 248.82
Cash Conversion Cycle 53.33 65.81 42.71 -53.19 183.78 29.30
Working Capital Days 86.62 79.42 57.79 3.72 172.57 27.42
ROCE % -11.56% -15.66% -11.18% -6.29% -10.43%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
29.32% 29.37% 29.37% 29.37% 29.37% 29.37% 29.37% 29.37% 29.37% 29.37% 29.37% 29.37%
70.68% 70.63% 70.63% 70.63% 70.63% 70.63% 70.62% 70.63% 70.63% 70.63% 70.63% 70.64%
No. of Shareholders 7148601,0591,8512,2462,5882,7002,7072,6502,6503,2173,242

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