Sprayking Ltd

Sprayking Ltd Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Sprayking Ltd

₹ 43.1 -2.42%
10 May 3:04 p.m.
spraykingagro.com BSE: 540079
About

Incorporated in 1980, Sprayking Agro Ltd is in the business of trading and exports of Brass items[1]

Key Points

Business Overview:[1]
Company manufactures brass components and parts, including fittings, forging equipment, transformer parts, and other customized brass components. It specializes in manufacturing of copper forging products and is in the business of manufacturing and trading of agricultural sprayer parts & garden fittings, extruded brass rods, brass fittings & lead free brass fittings and forging specialty

Website BSE
  • Market Cap ₹ 228 Cr.
  • Current Price ₹ 43.1
  • High / Low ₹ 60.0 / 21.4
  • Stock P/E 81.6
  • Book Value ₹ 4.98
  • Dividend Yield 0.00 %
  • ROCE 13.8 %
  • ROE 10.0 %
  • Face Value ₹ 2.00
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Pros

  • Company is almost debt free.

Cons

  • Stock is trading at 8.65 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 -3.65% over past five years.
  • Promoter holding is low: 36.4%
  • Company has a low return on equity of 4.40% over last 3 years.
  • Company has high debtors of 173 days.
  • Promoter holding has decreased over last 3 years: -36.4%
  • Working capital days have increased from 280 days to 476 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.

Peer comparison

Sector: Non Ferrous Metals Industry: Mining / Minerals / Metals

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2019 Mar 2020 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
0.00 13.83 2.75 3.22 5.27 7.93 5.27 15.96 2.41
0.00 14.09 2.66 3.13 4.85 6.15 5.05 14.04 2.15
Operating Profit 0.00 -0.26 0.09 0.09 0.42 1.78 0.22 1.92 0.26
OPM % -1.88% 3.27% 2.80% 7.97% 22.45% 4.17% 12.03% 10.79%
0.00 0.73 0.00 0.12 0.03 0.00 0.00 0.10 0.06
Interest 0.00 0.28 0.02 0.02 0.03 0.03 0.09 -0.02 0.03
Depreciation 0.00 0.22 0.03 0.03 0.03 0.03 0.03 0.04 0.10
Profit before tax 0.00 -0.03 0.04 0.16 0.39 1.72 0.10 2.00 0.19
Tax % 33.33% 25.00% 0.00% 28.21% 36.05% 30.00% 25.50% 42.11%
0.00 -0.03 0.03 0.15 0.29 1.11 0.08 1.48 0.12
EPS in Rs 0.00 -0.01 0.01 0.03 0.05 0.21 0.02 0.28 0.02
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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
16.02 11.21 16.23 14.06 15.15 17.64 23.28 28.64 25.64 18.60 15.99 19.33 31.57
15.52 10.70 15.48 13.01 14.10 16.78 22.52 27.67 25.45 19.06 15.51 16.79 27.39
Operating Profit 0.50 0.51 0.75 1.05 1.05 0.86 0.76 0.97 0.19 -0.46 0.48 2.54 4.18
OPM % 3.12% 4.55% 4.62% 7.47% 6.93% 4.88% 3.26% 3.39% 0.74% -2.47% 3.00% 13.14% 13.24%
0.31 0.09 0.17 0.29 0.22 0.54 0.61 0.40 0.85 1.90 0.01 0.00 0.16
Interest 0.19 0.20 0.41 0.52 0.52 0.64 0.63 0.66 0.55 0.40 0.00 0.11 0.13
Depreciation 0.33 0.37 0.40 0.77 0.67 0.65 0.60 0.52 0.44 0.16 0.02 0.11 0.20
Profit before tax 0.29 0.03 0.11 0.05 0.08 0.11 0.14 0.19 0.05 0.88 0.47 2.32 4.01
Tax % 31.03% 33.33% 27.27% 20.00% 25.00% 27.27% 21.43% 31.58% 20.00% 29.55% 25.53% 26.72%
0.20 0.02 0.07 0.04 0.05 0.08 0.12 0.13 0.03 0.62 0.35 1.70 2.79
EPS in Rs 0.31 0.03 0.11 0.06 0.01 0.02 0.02 0.02 0.01 0.12 0.07 0.32 0.53
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: 6%
5 Years: -4%
3 Years: -9%
TTM: 21%
Compounded Profit Growth
10 Years: 56%
5 Years: 70%
3 Years: 284%
TTM: 386%
Stock Price CAGR
10 Years: %
5 Years: 81%
3 Years: 176%
1 Year: 105%
Return on Equity
10 Years: 3%
5 Years: 3%
3 Years: 4%
Last Year: 10%

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 0.38 0.38 0.38 0.38 2.28 3.17 3.17 3.17 3.17 3.17 3.17 6.34 10.57
Reserves 1.40 1.43 1.50 1.53 3.63 4.69 4.79 4.93 4.96 5.58 5.93 18.41 15.72
2.98 4.60 7.07 9.42 7.92 5.82 6.84 6.40 5.03 0.36 0.00 1.30 1.55
3.23 2.08 4.27 1.18 0.60 3.27 1.75 0.73 0.45 0.70 2.60 0.93 6.73
Total Liabilities 7.99 8.49 13.22 12.51 14.43 16.95 16.55 15.23 13.61 9.81 11.70 26.98 34.57
2.88 2.75 4.02 3.45 3.62 3.44 3.29 2.89 2.36 0.15 0.24 0.55 0.62
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 0.02 0.04 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5.10
5.09 5.70 9.20 9.06 10.81 13.51 13.26 12.34 11.25 9.66 11.46 26.43 28.85
Total Assets 7.99 8.49 13.22 12.51 14.43 16.95 16.55 15.23 13.61 9.81 11.70 26.98 34.57

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
0.09 -1.14 -0.70 -1.01 -0.72 1.42 -0.12 0.93 1.57 0.64 1.09 -2.83
-2.04 -0.23 -1.55 -0.15 -0.96 -0.84 -0.29 0.11 0.30 3.78 -0.35 -12.69
2.00 1.35 2.28 1.15 1.92 -0.68 0.25 -1.04 -1.85 -4.42 -0.36 15.13
Net Cash Flow 0.04 -0.02 0.03 -0.01 0.23 -0.10 -0.16 0.00 0.02 -0.01 0.38 -0.39

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 15.49 26.37 8.55 5.45 20.48 72.63 60.68 34.92 47.69 163.07 213.43 172.78
Inventory Days 84.25 141.25 195.25 235.21 212.50 189.98 147.00 126.07 110.07 1.23 5.09 82.31
Days Payable 59.76 78.33 11.88 4.81 7.62 11.91 28.17 7.44 1.67 6.79 61.81 3.29
Cash Conversion Cycle 39.98 89.29 191.91 235.85 225.36 250.70 179.51 153.55 156.09 157.52 156.71 251.80
Working Capital Days 39.42 114.94 108.40 180.68 212.74 180.22 158.35 132.41 139.51 174.26 189.92 476.03
ROCE % 13.85% 4.12% 6.77% 5.62% 4.77% 5.45% 5.41% 5.73% 4.27% -1.17% 5.16% 13.83%

Shareholding Pattern

Numbers in percentages

9 Recently
Sep 2020Dec 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Apr 2024
72.77% 72.77% 72.77% 72.77% 72.77% 72.77% 36.41% 36.41% 36.41% 36.41% 36.41% 36.41%
27.23% 27.23% 27.23% 27.23% 27.23% 27.23% 63.59% 63.59% 63.59% 63.60% 63.60% 63.59%
No. of Shareholders 464644413336425041,0902,1487,66810,368

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