Sar Auto Products Ltd
Sar Auto Products Ltd was incorporated in 1987 by Mr. Ramesh D. Virani(current chairman) in Rajkot, Gujarat. It is mainly engaged in the manufacturing and selling of Auto components like gears for transmission, differential & engines. It is also engaged in real estate construction [1]
- Market Cap ₹ 894 Cr.
- Current Price ₹ 1,877
- High / Low ₹ 2,509 / 833
- Stock P/E 994
- Book Value ₹ 34.6
- Dividend Yield 0.00 %
- ROCE 4.73 %
- ROE 3.95 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Debtor days have improved from 141 to 105 days.
- Company's working capital requirements have reduced from 158 days to 109 days
Cons
- Stock is trading at 54.3 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -0.46%
- Company has a low return on equity of 4.39% over last 3 years.
- Company might be capitalizing the interest cost
* 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: Auto Ancillaries Industry: Auto Ancillaries
Quarterly Results
Figures in Rs. Crores
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2.23 | 1.98 | 2.06 | 2.20 | 2.95 | 5.06 | 6.81 | 9.81 | 6.78 | 6.28 | 10.67 | 11.59 | 18.33 | |
2.24 | 2.02 | 2.09 | 4.95 | 2.75 | 3.88 | 5.60 | 8.33 | 5.50 | 4.88 | 8.68 | 9.64 | 16.54 | |
Operating Profit | -0.01 | -0.04 | -0.03 | -2.75 | 0.20 | 1.18 | 1.21 | 1.48 | 1.28 | 1.40 | 1.99 | 1.95 | 1.79 |
OPM % | -0.45% | -2.02% | -1.46% | -125.00% | 6.78% | 23.32% | 17.77% | 15.09% | 18.88% | 22.29% | 18.65% | 16.82% | 9.77% |
0.52 | 0.37 | 0.71 | 0.50 | 0.67 | 0.24 | 0.27 | 0.32 | 0.31 | 0.34 | 0.50 | 0.33 | 0.58 | |
Interest | 0.02 | 0.02 | 0.02 | 0.08 | 0.02 | 0.04 | 0.07 | 0.12 | 0.07 | 0.06 | 0.08 | 0.13 | 0.12 |
Depreciation | 0.73 | 0.62 | 0.55 | 1.04 | 0.76 | 1.12 | 1.21 | 1.41 | 1.27 | 1.07 | 1.26 | 1.25 | 1.07 |
Profit before tax | -0.24 | -0.31 | 0.11 | -3.37 | 0.09 | 0.26 | 0.20 | 0.27 | 0.25 | 0.61 | 1.15 | 0.90 | 1.18 |
Tax % | 16.67% | 9.68% | -9.09% | 5.34% | -88.89% | -19.23% | 20.00% | -22.22% | -16.00% | 26.23% | 1.74% | 31.11% | |
-0.20 | -0.28 | 0.12 | -3.19 | 0.18 | 0.30 | 0.16 | 0.33 | 0.29 | 0.45 | 1.13 | 0.62 | 0.90 | |
EPS in Rs | -0.42 | -0.59 | 0.25 | -6.70 | 0.38 | 0.63 | 0.34 | 0.69 | 0.61 | 0.94 | 2.37 | 1.30 | 1.89 |
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: | 19% |
5 Years: | 11% |
3 Years: | 20% |
TTM: | 69% |
Compounded Profit Growth | |
---|---|
10 Years: | 15% |
5 Years: | 26% |
3 Years: | 28% |
TTM: | -24% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 46% |
3 Years: | 96% |
1 Year: | 102% |
Return on Equity | |
---|---|
10 Years: | 0% |
5 Years: | 4% |
3 Years: | 4% |
Last Year: | 4% |
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 | 4.76 | 4.76 | 4.76 | 4.76 | 4.76 | 4.76 | 4.76 | 4.76 | 4.76 | 4.76 | 4.76 | 4.76 | 4.76 |
Reserves | 10.85 | 10.53 | 10.65 | 7.43 | 7.60 | 7.91 | 8.07 | 8.40 | 8.71 | 9.24 | 10.35 | 10.98 | 11.71 |
0.25 | 0.16 | 0.34 | 0.14 | 0.94 | 0.62 | 1.11 | 0.83 | 0.88 | 1.81 | 5.29 | 6.95 | 8.59 | |
0.53 | 0.44 | 0.54 | 0.57 | 0.81 | 0.66 | 2.13 | 1.41 | 0.91 | 1.28 | 1.14 | 1.82 | 2.45 | |
Total Liabilities | 16.39 | 15.89 | 16.29 | 12.90 | 14.11 | 13.95 | 16.07 | 15.40 | 15.26 | 17.09 | 21.54 | 24.51 | 27.51 |
4.16 | 3.70 | 3.63 | 3.13 | 3.20 | 5.21 | 6.96 | 6.16 | 5.14 | 4.92 | 5.86 | 8.22 | 7.72 | |
CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Investments | 0.75 | 0.47 | 0.07 | 0.05 | 0.04 | 0.19 | 0.18 | 0.01 | 0.02 | 0.26 | 0.02 | 0.02 | 0.21 |
11.48 | 11.72 | 12.59 | 9.72 | 10.87 | 8.55 | 8.93 | 9.23 | 10.10 | 11.91 | 15.66 | 16.27 | 19.58 | |
Total Assets | 16.39 | 15.89 | 16.29 | 12.90 | 14.11 | 13.95 | 16.07 | 15.40 | 15.26 | 17.09 | 21.54 | 24.51 | 27.51 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-0.22 | -0.24 | 0.63 | 1.02 | -0.72 | 3.83 | 4.77 | 1.35 | 0.68 | 1.13 | 0.11 | 0.65 | |
0.38 | 0.24 | -1.52 | -0.40 | -1.38 | -3.29 | -4.35 | 0.05 | -0.81 | -0.92 | -2.57 | -3.69 | |
0.00 | 0.05 | 0.34 | 0.20 | 1.37 | -0.13 | 0.63 | -0.12 | 0.27 | 1.13 | 3.64 | 1.85 | |
Net Cash Flow | 0.16 | 0.05 | -0.55 | 0.82 | -0.74 | 0.41 | 1.05 | 1.28 | 0.15 | 1.33 | 1.17 | -1.18 |
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 | 541.77 | 687.60 | 636.09 | 232.27 | 164.56 | 125.51 | 98.62 | 95.25 | 143.74 | 166.23 | 152.57 | 104.87 |
Inventory Days | 470.80 | 375.14 | 525.85 | 550.49 | 1,951.63 | 188.67 | 56.22 | 53.38 | ||||
Days Payable | 100.51 | 60.83 | 136.10 | 65.82 | 253.27 | 231.82 | 92.88 | 80.70 | ||||
Cash Conversion Cycle | 912.06 | 1,001.91 | 1,025.84 | 716.94 | 164.56 | 1,823.88 | 55.46 | 58.59 | 116.43 | 166.23 | 152.57 | 104.87 |
Working Capital Days | 684.17 | 840.61 | 786.70 | 1,322.30 | 1,043.03 | 413.33 | 121.13 | 88.55 | 161.50 | 188.31 | 177.54 | 109.28 |
ROCE % | -1.37% | -1.92% | 0.96% | -23.43% | 0.70% | 2.26% | 2.35% | 2.72% | 2.26% | 4.24% | 5.41% | 4.73% |
Documents
Announcements
- Closure of Trading Window 1d
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 6 Mar
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 1 Feb
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 30 Jan
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Announcement under Regulation 30 (LODR)-Newspaper Publication
24 Jan - Newspaper Publication Of Financial Results For The Quarter Ended On 31/12/2023.
Annual reports
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Financial Year 2023
from bse
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Products
It manufactures Auto Components comprising automobile gears like Spur Gear, Helical Gear, etc along with Transmission Spline Shafts, Couplings, Engine, Differential gearboxes, and Power Take-off clutches which are used for Transmission, and manufactures machined parts up to 480mm dia.[1]