SM Auto Stamping Ltd

SM Auto Stamping Ltd

₹ 39.1 -4.99%
27 Sep - close price
About

Incorporated in 1995, SM Auto Stamping Ltd is in the business of manufacturing Auto Components

Key Points

Business Overview:[1]
Company is listed on BSE SME platform. Co designs and manufactures sheet metal components and sub-assemblies for automobile manufacturers. Company's components cover clutches, brakes, engine mountings, chassis, shaft drive, body trims, bearings etc. used in passenger cars, commercial vehicles, tractors, etc. Deep drawn components and control panel components also find application in electrical equipment industry. Apart from manufacturing, company also provide job work services of blanking and forming process on metal components

  • Market Cap 55.8 Cr.
  • Current Price 39.1
  • High / Low 57.0 / 0.00
  • Stock P/E 18.2
  • Book Value 12.9
  • Dividend Yield 3.20 %
  • ROCE 21.8 %
  • ROE 17.9 %
  • Face Value 10.0

Pros

  • Stock is providing a good dividend yield of 3.20%.
  • Debtor days have improved from 49.7 to 37.4 days.
  • Company's working capital requirements have reduced from 33.8 days to 25.7 days

Cons

  • Stock is trading at 3.03 times its book value
  • Company has a low return on equity of 9.70% over last 3 years.

* 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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Half Yearly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2019 Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023
23.49 20.85 11.40 27.54 23.71 30.83 35.26 33.40
23.64 22.35 12.70 25.34 22.39 27.35 31.82 31.46
Operating Profit -0.15 -1.50 -1.30 2.20 1.32 3.48 3.44 1.94
OPM % -0.64% -7.19% -11.40% 7.99% 5.57% 11.29% 9.76% 5.81%
0.26 0.31 0.33 0.82 0.41 0.45 1.06 0.48
Interest 0.71 0.57 0.88 0.66 0.74 0.58 0.73 0.53
Depreciation 0.59 0.66 0.56 0.58 0.53 0.62 0.53 0.69
Profit before tax -1.19 -2.42 -2.41 1.78 0.46 2.73 3.24 1.20
Tax % 8.40% 34.30% 31.54% 102.81% -8.70% -14.65% 30.25% 31.67%
-1.09 -1.59 -1.65 -0.06 0.50 3.14 2.26 0.82
EPS in Rs -1.04 -1.11 -1.15 -0.04 0.35 2.20 1.58 0.57
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
40.05 49.45 44.24 45.33 42.61 49.43 58.13 44.27 38.93 54.33 68.66
38.36 47.62 39.49 42.93 40.98 46.10 53.96 45.47 37.65 49.52 63.27
Operating Profit 1.69 1.83 4.75 2.40 1.63 3.33 4.17 -1.20 1.28 4.81 5.39
OPM % 4.22% 3.70% 10.74% 5.29% 3.83% 6.74% 7.17% -2.71% 3.29% 8.85% 7.85%
0.00 0.00 0.16 1.86 2.54 2.18 0.76 0.12 1.14 0.86 1.54
Interest 0.00 0.00 2.37 2.05 2.20 1.68 1.36 1.28 1.91 1.32 1.27
Depreciation 0.00 0.00 2.05 1.73 1.56 1.32 1.20 1.25 1.14 1.15 1.21
Profit before tax 1.69 1.83 0.49 0.48 0.41 2.51 2.37 -3.61 -0.63 3.20 4.45
Tax % 33.73% 28.42% 24.49% 31.25% 48.78% 19.12% 25.74% 25.76% -169.84% -13.75% 30.56%
1.12 1.31 0.37 0.33 0.21 2.03 1.76 -2.68 -1.70 3.64 3.09
EPS in Rs 11.34 10.03 2.83 2.53 1.61 15.54 13.48 -1.88 -1.19 2.55 2.16
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 57.81%
Compounded Sales Growth
10 Years: 6%
5 Years: 7%
3 Years: 16%
TTM: 26%
Compounded Profit Growth
10 Years: 11%
5 Years: 15%
3 Years: 49%
TTM: -16%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 39%
1 Year: 0%
Return on Equity
10 Years: 7%
5 Years: 6%
3 Years: 10%
Last Year: 18%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
0.99 1.31 1.31 1.31 1.31 1.31 1.31 14.29 14.29 14.29 14.29
Reserves 4.30 5.60 5.94 6.27 6.48 8.51 10.26 0.88 -0.82 2.82 4.12
8.01 8.58 17.85 18.15 16.98 13.73 12.73 14.85 10.35 8.86 7.32
17.97 19.79 8.20 9.63 12.36 14.84 13.88 4.46 8.04 8.67 9.77
Total Liabilities 31.27 35.28 33.30 35.36 37.13 38.39 38.18 34.48 31.86 34.64 35.50
13.72 13.60 12.26 11.28 9.88 8.88 8.39 8.58 8.83 9.16 10.80
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.69 1.32 0.00
Investments 0.64 1.51 1.51 1.58 2.17 2.17 3.17 10.61 10.61 10.61 10.61
16.91 20.17 19.53 22.50 25.08 27.34 26.62 15.29 11.73 13.55 14.09
Total Assets 31.27 35.28 33.30 35.36 37.13 38.39 38.18 34.48 31.86 34.64 35.50

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
2.87 -34.60 2.30 3.92 0.81 1.69 0.53 4.67 6.31
-0.63 36.33 -0.71 0.30 1.01 -4.10 -0.93 -1.26 -0.09
-2.29 -1.72 -1.57 -4.28 -1.91 5.59 -2.84 -1.32 -6.20
Net Cash Flow -0.04 0.01 0.02 -0.06 -0.09 3.18 -3.24 2.09 0.02

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 87.13 71.60 54.12 62.65 68.53 77.61 62.54 50.38 64.41 47.30
Inventory Days 131.11 110.98 103.54 78.31 74.93 41.38 43.59 41.64
Days Payable 71.47 81.75 116.00 118.47 91.31 21.61 67.56 59.93
Cash Conversion Cycle 87.13 71.60 113.76 91.88 56.07 37.45 46.16 70.15 40.45 29.00
Working Capital Days -9.48 56.02 74.25 66.91 42.15 31.60 43.39 51.28 43.13 32.45
ROCE % 12.71% 14.09% 9.95% 10.34% 14.69% 15.59% -7.36% 3.01% 18.16%

Shareholding Pattern

Numbers in percentages

Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023
73.12% 73.12% 73.12% 73.12% 73.12% 73.12% 73.12%
26.88% 26.88% 26.88% 26.88% 26.88% 26.88% 26.88%
No. of Shareholders 84756155535073

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