Synergy Green Industries Ltd

₹ 342 0.60%

19 Apr - close price

synergygreenind.com BSE: 541929 NSE : SGIL

About

Incorporated in 2010, Synergy Green Industries Ltd is into manufacturing of SG & CI Castings.^[1]

Key Points

Business Overview:^[1]^[2]
SGIL is a part of the Shirgaokar Brothers Group whose major business activities include, Sugar, Foundry products and heavy engineering products. It holds 38% shareholding in SGIL. Company is an associate concern of SB Reshellers Pvt Ltd. It primarily manufactures iron castings for wind turbines

Website BSE NSE

Market Cap ₹ 483 Cr.
Current Price ₹ 342
High / Low ₹ 436 / 121
Stock P/E 41.2
Book Value ₹ 29.0
Dividend Yield 0.00 %
ROCE 12.5 %
ROE 2.22 %
Face Value ₹ 10.0

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Pros

Debtor days have improved from 40.8 to 27.8 days.

Cons

Stock is trading at 11.8 times its book value
Though the company is reporting repeated profits, it is not paying out dividend
Company has a low return on equity of 5.22% over last 3 years.
Company's cost of borrowing seems high

* 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: Castings, Forgings & Fastners Industry: Castings & Forgings

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Detailed Comparison with:

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
	63.50	72.10	51.17	79.83	70.57	82.21	51.68	85.04	67.81	85.18	83.83	71.95	88.22
	54.52	64.52	45.94	74.53	66.20	73.05	48.08	79.51	61.44	74.35	74.35	61.53	78.46
Operating Profit	8.98	7.58	5.23	5.30	4.37	9.16	3.60	5.53	6.37	10.83	9.48	10.42	9.76
OPM %	14.14%	10.51%	10.22%	6.64%	6.19%	11.14%	6.97%	6.50%	9.39%	12.71%	11.31%	14.48%	11.06%
	0.35	0.30	0.32	0.29	0.27	0.26	0.03	0.16	0.09	0.15	0.37	0.11	0.32
Interest	3.45	2.88	3.13	2.97	2.74	2.66	3.14	3.48	4.15	3.31	3.44	3.19	3.35
Depreciation	2.12	1.15	2.35	2.37	2.78	3.14	2.89	2.99	3.02	3.09	2.77	2.97	3.13
Profit before tax	3.76	3.85	0.07	0.25	-0.88	3.62	-2.40	-0.78	-0.71	4.58	3.64	4.37	3.60
Tax %	32.98%	29.87%	-185.71%	-52.00%	-22.73%	46.96%	26.25%	91.03%	-1.41%	25.33%	31.87%	26.54%	27.50%
	2.52	2.70	0.19	0.39	-1.07	1.92	-1.77	-0.07	-0.72	3.43	2.49	3.21	2.61
EPS in Rs	1.78	1.91	0.13	0.28	-0.76	1.36	-1.25	-0.05	-0.51	2.43	1.76	2.27	1.85
Raw PDF

Upcoming result date: 23 May 2024

Profit & Loss

Figures in Rs. Crores

	Mar 2011	Mar 2012	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
	-0	-0	103	165	208	199	284	290	329
	-0	-0	86	145	185	174	260	263	289
Operating Profit	-0	-0	16	20	22	24	24	26	40
OPM %			16%	12%	11%	12%	8%	9%	12%
	-0	-0	0	1	1	1	1	0	1
Interest	-0	-0	7	9	10	11	12	14	13
Depreciation	-0	-0	6	7	7	8	11	12	12
Profit before tax	-0	-0	3	5	6	5	3	1	16
Tax %			-60%	12%	47%	39%	53%	-25%
	-0	-0	5	5	3	3	1	1	12
EPS in Rs	-0.00	-0.00	4.50	3.22	2.36	2.25	1.01	0.62	8.31
Dividend Payout %			-0%	-0%	-0%	-0%	-0%	-0%

Compounded Sales Growth
10 Years:	%
5 Years:	23%
3 Years:	12%
TTM:	15%

Compounded Profit Growth
10 Years:	%
5 Years:	-30%
3 Years:	-38%
TTM:	1934%

Stock Price CAGR
10 Years:	%
5 Years:	31%
3 Years:	56%
1 Year:	175%

Return on Equity
10 Years:	%
5 Years:	9%
3 Years:	5%
Last Year:	2%

Balance Sheet

Figures in Rs. Crores

	Mar 2011	Mar 2012	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	0	5	10	14	14	14	14	14	14
Reserves	2	2	-12	13	17	19	20	21	27
Preference Capital	-0	7	11	11	11	11	11	11
	0	25	42	51	48	65	72	73	77
	0	10	68	66	67	77	88	74	72
Total Liabilities	2	42	108	145	146	175	194	182	190
	-0	2	33	33	58	63	76	69	72
CWIP	0	37	0	4	1	3	7	11	7
Investments	-0	-0	-0	-0	-0	-0	-0	-0	-0
	2	3	75	107	88	109	111	102	111
Total Assets	2	42	108	145	146	175	194	182	190

Cash Flows

Figures in Rs. Crores

	Mar 2011	Mar 2012	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	-0	-0	15	11	26	11	28	26
	-2	-36	-6	-23	-16	-18	-25	-14
	2	36	-9	12	-8	7	-5	-12
Net Cash Flow	0	-0	-0	0	2	0	-2	0

Ratios

Figures in Rs. Crores

	Mar 2012	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days		64	65	29	53	42	28
Inventory Days		557	314	215	278	189	186
Days Payable		736	337	226	296	202	154
Cash Conversion Cycle		-116	42	18	35	29	61
Working Capital Days		11	53	28	64	43	46
ROCE %	-0%		20%	18%	17%	13%	12%

Shareholding Pattern

Numbers in percentages

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	73.96%	73.96%	73.97%	74.14%	74.16%	74.02%	74.16%	74.17%	74.02%	74.02%	74.02%	74.02%
	9.88%	9.88%	9.88%	9.88%	9.88%	9.88%	9.88%	5.92%	5.11%	4.57%	3.23%	2.60%
	2.04%	2.04%	2.04%	2.04%	2.04%	2.04%	2.04%	1.94%	1.80%	1.25%	0.76%	0.76%
	14.12%	14.12%	14.12%	13.94%	13.92%	14.06%	13.91%	17.98%	19.06%	20.17%	21.99%	22.61%
No. of Shareholders	305	1,870	2,920	3,852	3,761	3,991	4,082	4,221	5,122	4,875	6,512	8,867

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	73.89%	73.94%	73.96%	74.14%	74.17%	74.02%
	9.88%	9.88%	9.88%	9.88%	5.92%	2.60%
	2.04%	2.04%	2.04%	2.04%	1.94%	0.76%
	14.19%	14.15%	14.12%	13.94%	17.98%	22.61%
No. of Shareholders	297	277	301	3,852	4,221	8,867

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Synergy Green Industries Ltd

Synergy Green Industries Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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