Star Delta Transformers Ltd

Star Delta Transformers Ltd

₹ 1,194 5.00%
18 Apr - close price
About

Incorporated in 1980, Star Delta Transformers Ltd is a manufacturer and distributor of power transformers[1]

Key Points

Business Overview:[1]
SDTL is an ISO 9001-2008 certified
multi product and service organization
which does manufacturing, supplying,
erecting, testing and commissioning of
Power and Distribution transformers
along with special purpose transformers.
It also specializes in Special/Custom type transformers like Auto, Converter, Earthing, Furnace, Generator, Instrument, Rectifier, Traction and other custom built Transformers. Company’s products are manufactured in accordance with IEC–76, BS-171 & IS-2026, transformer up to 16MVA was type tested at CPRI

  • Market Cap 358 Cr.
  • Current Price 1,194
  • High / Low 1,194 / 142
  • Stock P/E 28.6
  • Book Value 230
  • Dividend Yield 0.00 %
  • ROCE 13.6 %
  • ROE 9.65 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter

Cons

  • Stock is trading at 5.18 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 4.13% over past five years.
  • Company has a low return on equity of 6.69% over last 3 years.
  • Company has high debtors of 172 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
8.78 5.60 3.60 5.51 11.35 10.69 4.58 4.86 21.76 40.15 29.70 37.01 35.16
8.07 6.10 3.49 5.28 10.55 10.14 4.70 5.10 20.19 35.88 27.27 32.85 31.59
Operating Profit 0.71 -0.50 0.11 0.23 0.80 0.55 -0.12 -0.24 1.57 4.27 2.43 4.16 3.57
OPM % 8.09% -8.93% 3.06% 4.17% 7.05% 5.14% -2.62% -4.94% 7.22% 10.64% 8.18% 11.24% 10.15%
0.69 1.24 0.50 0.59 0.69 2.80 1.14 1.08 0.73 0.70 1.79 0.74 0.49
Interest 0.04 0.07 0.04 0.06 0.07 0.07 0.01 0.11 0.22 0.31 0.15 0.55 0.53
Depreciation 0.21 0.21 0.21 0.21 0.21 0.18 0.20 0.20 0.20 0.18 0.20 0.20 0.20
Profit before tax 1.15 0.46 0.36 0.55 1.21 3.10 0.81 0.53 1.88 4.48 3.87 4.15 3.33
Tax % 7.83% 108.70% 11.11% 27.27% 38.02% 30.00% 20.99% 71.70% 21.28% 21.88% 11.11% 25.06% 26.43%
1.07 -0.04 0.33 0.40 0.75 2.17 0.64 0.14 1.48 3.50 3.44 3.11 2.45
EPS in Rs 3.57 -0.13 1.10 1.33 2.50 7.23 2.13 0.47 4.93 11.67 11.47 10.37 8.17
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
67 68 64 51 73 61 58 108 65 18 31 71 142
60 61 59 47 68 55 54 99 61 19 29 66 128
Operating Profit 7 7 5 4 5 5 4 9 5 -0 2 5 14
OPM % 11% 10% 8% 7% 6% 8% 7% 8% 7% -2% 5% 8% 10%
0 0 0 1 2 2 1 1 2 4 5 4 4
Interest 2 1 1 1 1 1 1 1 0 0 0 1 2
Depreciation 0 1 1 1 1 1 1 1 1 1 1 1 1
Profit before tax 5 5 3 2 5 5 3 8 6 2 5 8 16
Tax % 32% 34% 1% 24% 34% 36% 33% 26% 22% 27% 30% 25%
4 3 3 2 3 3 2 6 4 2 4 6 12
EPS in Rs 11.70 11.53 10.20 5.60 10.53 10.73 7.27 18.70 14.63 5.90 12.17 19.20 41.68
Dividend Payout % 4% 4% 5% 9% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 0%
5 Years: 4%
3 Years: 3%
TTM: 239%
Compounded Profit Growth
10 Years: 6%
5 Years: 21%
3 Years: 9%
TTM: 182%
Stock Price CAGR
10 Years: %
5 Years: 56%
3 Years: 145%
1 Year: 733%
Return on Equity
10 Years: 8%
5 Years: 8%
3 Years: 7%
Last Year: 10%

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 3 3 3 3 3 3 3 3 3 3 3 3 3
Reserves 22 25 28 30 33 36 38 44 48 50 54 60 66
9 5 14 3 6 4 6 3 1 1 1 3 0
15 14 8 10 5 6 14 12 4 3 2 21 14
Total Liabilities 50 48 54 45 47 49 62 61 57 58 60 86 83
6 11 10 9 9 8 8 8 7 6 6 5 5
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
43 37 44 36 38 41 54 54 49 51 54 81 78
Total Assets 50 48 54 45 47 49 62 61 57 58 60 86 83

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
-1 12 -1 8 -4 5 -5 9 -0 -3 3 -16
-0 -5 0 1 0 0 1 -1 2 4 3 6
2 -6 8 -13 2 -2 1 -5 -2 -0 -0 1
Net Cash Flow 1 1 7 -5 -2 3 -3 4 0 1 5 -10

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 114 81 70 112 108 146 130 56 75 193 116 172
Inventory Days 110 100 122 121 65 56 209 119 34 217 102 124
Days Payable 92 76 40 21 9 11 94 12 12 28 5 114
Cash Conversion Cycle 133 105 151 213 165 190 245 163 97 382 213 182
Working Capital Days 150 118 157 165 155 177 233 116 211 802 468 284
ROCE % 22% 19% 11% 8% 16% 14% 10% 17% 12% 5% 10% 14%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.99% 74.99% 74.99% 74.99% 74.99% 74.99% 74.99% 74.99% 74.99% 74.99% 74.91% 74.99%
25.01% 25.01% 25.01% 25.01% 25.01% 25.01% 25.01% 25.01% 25.01% 25.02% 25.08% 25.00%
No. of Shareholders 6246636827227397167147158108661,2432,169

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