SM Auto Stamping Ltd
Incorporated in 1995, SM Auto Stamping Ltd manufactures precision sheet metal
stamping and deep drawn components.[1]
- Market Cap ₹ 23.6 Cr.
- Current Price ₹ 17.2
- High / Low ₹ 41.0 / 15.0
- Stock P/E 6.47
- Book Value ₹ 17.0
- Dividend Yield 0.00 %
- ROCE 18.7 %
- ROE 14.9 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 1.01 times its book value
- Debtor days have improved from 28.3 to 20.2 days.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 8.44% over past five years.
- Contingent liabilities of Rs.16.3 Cr.
- Earnings include an other income of Rs.1.80 Cr.
* 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
Industrials Capital Goods Industrial Manufacturing Industrial Products
Half Yearly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| 50.84 | 63.35 | 58.13 | 44.27 | 38.93 | 54.33 | 68.66 | 67.56 | 66.38 | 69.61 | |
| 48.42 | 58.24 | 53.96 | 45.47 | 37.65 | 49.52 | 63.27 | 61.17 | 62.46 | 65.27 | |
| Operating Profit | 2.42 | 5.11 | 4.17 | -1.20 | 1.28 | 4.81 | 5.39 | 6.39 | 3.92 | 4.34 |
| OPM % | 4.76% | 8.07% | 7.17% | -2.71% | 3.29% | 8.85% | 7.85% | 9.46% | 5.91% | 6.23% |
| 2.53 | 2.79 | 0.76 | 0.12 | 1.14 | 0.86 | 1.54 | 0.89 | 1.89 | 1.80 | |
| Interest | 3.41 | 2.69 | 1.36 | 1.28 | 1.91 | 1.32 | 1.27 | 1.05 | 0.83 | 0.80 |
| Depreciation | 2.54 | 2.34 | 1.20 | 0.67 | 1.14 | 1.15 | 1.21 | 1.32 | 1.14 | 1.15 |
| Profit before tax | -1.00 | 2.87 | 2.37 | -3.03 | -0.63 | 3.20 | 4.45 | 4.91 | 3.84 | 4.19 |
| Tax % | 56.00% | 21.60% | 25.74% | -29.70% | 169.84% | -13.75% | 30.56% | 38.90% | 28.39% | |
| -1.57 | 8.94 | 2.26 | -1.96 | -1.65 | 3.79 | 3.32 | 3.57 | 3.12 | 3.64 | |
| EPS in Rs | -12.71 | 66.92 | 17.30 | -1.37 | -1.15 | 2.65 | 2.32 | 2.61 | 2.28 | 2.66 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 53.80% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 8% |
| 3 Years: | 7% |
| TTM: | 12% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 32% |
| 3 Years: | -6% |
| TTM: | 56% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | -1% |
| 3 Years: | -26% |
| 1 Year: | -39% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 12% |
| 3 Years: | 16% |
| Last Year: | 15% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1.31 | 1.31 | 1.31 | 14.29 | 14.29 | 14.29 | 14.29 | 13.69 | 13.69 | 13.69 |
| Reserves | 7.73 | 9.88 | 10.87 | 1.66 | 0.00 | 3.79 | 5.32 | 5.70 | 8.82 | 9.60 |
| 26.59 | 21.50 | 12.73 | 14.85 | 10.35 | 8.86 | 7.32 | 5.52 | 2.54 | 2.19 | |
| 16.88 | 21.82 | 13.88 | 4.45 | 8.03 | 8.68 | 9.78 | 8.83 | 9.60 | 6.58 | |
| Total Liabilities | 52.51 | 54.51 | 38.79 | 35.25 | 32.67 | 35.62 | 36.71 | 33.74 | 34.65 | 32.06 |
| 26.09 | 24.51 | 8.39 | 8.58 | 8.83 | 9.16 | 10.51 | 8.99 | 8.84 | 9.64 | |
| CWIP | 0.03 | 0.00 | 0.00 | 0.00 | 0.69 | 1.32 | 0.29 | 0.45 | 1.20 | 0.00 |
| Investments | 0.12 | 0.05 | 3.78 | 11.38 | 11.43 | 11.58 | 11.81 | 12.38 | 12.74 | 13.04 |
| 26.27 | 29.95 | 26.62 | 15.29 | 11.72 | 13.56 | 14.10 | 11.92 | 11.87 | 9.38 | |
| Total Assets | 52.51 | 54.51 | 38.79 | 35.25 | 32.67 | 35.62 | 36.71 | 33.74 | 34.65 | 32.06 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| 54.26 | 5.28 | 0.81 | 1.69 | 0.53 | 3.38 | 6.54 | 5.47 | 1.23 | |
| -52.35 | 1.68 | 1.01 | -4.10 | -0.93 | -1.43 | -0.35 | -0.32 | -2.08 | |
| -1.80 | -7.07 | -1.91 | 5.59 | -2.84 | -1.93 | -6.20 | -5.20 | 0.85 | |
| Net Cash Flow | 0.11 | -0.12 | -0.09 | 3.18 | -3.24 | 0.01 | 0.00 | -0.05 | 0.00 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 74.09 | 83.49 | 62.54 | 50.38 | 64.41 | 47.30 | 42.32 | 22.42 | 20.24 |
| Inventory Days | 110.90 | 85.86 | 74.93 | 41.38 | 43.59 | 41.64 | 28.43 | 42.07 | 39.85 |
| Days Payable | 121.70 | 128.03 | 91.31 | 21.61 | 67.56 | 60.02 | 44.87 | 35.57 | 41.53 |
| Cash Conversion Cycle | 63.29 | 41.32 | 46.16 | 70.15 | 40.45 | 28.91 | 25.88 | 28.92 | 18.55 |
| Working Capital Days | -13.35 | -14.81 | 2.57 | -17.73 | -13.41 | -2.28 | -9.62 | -9.18 | 11.93 |
| ROCE % | 14.12% | 12.79% | -4.67% | 2.92% | 17.53% | 18.23% | 21.84% | 18.69% |
Insights
In beta| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Capacity Utilization % ・Standalone data |
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| Installed Capacity MT p.a. ・Standalone data |
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| Number of Manufacturing Units Count ・Standalone data |
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| Number of Permanent Employees Count ・Standalone data |
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| Total Production Volume MT ・Standalone data |
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Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Change in Management
4 Mar - Company Secretary Pawan Mahajan resigns effective 30 April 2026; resignation received and accepted on 4 March 2026.
-
Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer
4 Mar - Company Secretary Pawan Mahajan resigns effective 30 Apr 2026; resignation accepted 4 Mar 2026.
-
Announcement under Regulation 30 (LODR)-Change in Management
23 Feb - SM Auto Stamping appoints Suresh Govind Jagdale as CFO/KMP effective 1 March 2026.
-
Board Meeting Outcome for Outcome Of Board Meeting Dated 23Rd May, 2025 Under Regulation 30(6) Of SEBI (Listing
Obligations And Disclosure Requirements) Regulations, 2015.
23 Feb - CFO Vaibhav Khadke resigns effective 25 Feb 2026; Suresh Jagdale appointed CFO effective 1 Mar 2026.
-
Board Meeting Intimation for Intimation Of Board Meeting Under Regulation 29 Of The SEBI (LODR) Regulations, 2015.
17 Feb - Board to note CFO Vaibhav Khadke resignation effective 25 Feb; appoint Suresh Jadale as CFO from 1 Mar 2026.
Business Overview:[1]
SMASL designs and manufactures sheet metal components and sub-assemblies for automotive OEMs, serving passenger vehicles, commercial vehicles, tractors, and electrical equipment, while also providing sheet metal blanking and forming job work services.