SM Auto Stamping Ltd

SM Auto Stamping Ltd

₹ 57.0 -3.39%
04 Mar 4:01 p.m.
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 81.4 Cr.
  • Current Price 57.0
  • High / Low 64.0 / 0.00
  • Stock P/E 29.6
  • Book Value 14.8
  • Dividend Yield 2.19 %
  • ROCE 18.2 %
  • ROE 14.6 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company's working capital requirements have reduced from 33.9 days to 26.3 days

Cons

  • Stock is trading at 3.86 times its book value
  • Company has a low return on equity of 8.81% over last 3 years.
  • Earnings include an other income of Rs.1.54 Cr.
  • 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.

Loading peers table ...

Half Yearly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2023
36.43
33.85
Operating Profit 2.58
OPM % 7.08%
0.42
Interest 0.64
Depreciation 0.67
Profit before tax 1.69
Tax % 30.77%
1.50
EPS in Rs 1.05
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
50.84 63.35 58.13 44.27 38.93 54.33 68.66
48.42 58.24 53.96 45.47 37.65 49.52 63.27
Operating Profit 2.42 5.11 4.17 -1.20 1.28 4.81 5.39
OPM % 4.76% 8.07% 7.17% -2.71% 3.29% 8.85% 7.85%
2.53 2.79 0.76 0.12 1.14 0.86 1.54
Interest 3.41 2.69 1.36 1.28 1.91 1.32 1.27
Depreciation 2.54 2.34 1.20 0.67 1.14 1.15 1.21
Profit before tax -1.00 2.87 2.37 -3.03 -0.63 3.20 4.45
Tax % -56.00% 21.60% 25.74% 29.70% -169.84% -13.75% 30.56%
-1.57 8.94 2.26 -1.96 -1.65 3.79 3.32
EPS in Rs -12.71 66.92 17.30 -1.37 -1.15 2.65 2.32
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: 2%
3 Years: 16%
TTM: 26%
Compounded Profit Growth
10 Years: %
5 Years: -20%
3 Years: 56%
TTM: -27%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 47%
1 Year: 88%
Return on Equity
10 Years: %
5 Years: 7%
3 Years: 9%
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 Sep 2023
Equity Capital 1.31 1.31 1.31 14.29 14.29 14.29 14.29 14.29
Reserves 7.73 9.88 10.87 1.66 0.00 3.79 5.32 6.82
26.59 21.50 12.73 14.85 10.35 8.86 7.32 3.71
16.88 21.82 13.88 4.45 8.03 8.68 9.78 10.00
Total Liabilities 52.51 54.51 38.79 35.25 32.67 35.62 36.71 34.82
26.09 24.51 8.39 8.58 8.83 9.16 10.51 10.12
CWIP 0.03 0.00 0.00 0.00 0.69 1.32 0.29 0.00
Investments 0.12 0.05 3.78 11.38 11.43 11.58 11.81 12.15
26.27 29.95 26.62 15.29 11.72 13.56 14.10 12.55
Total Assets 52.51 54.51 38.79 35.25 32.67 35.62 36.71 34.82

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
54.26 5.28 0.81 1.69 0.53 3.22 6.54
-52.35 1.68 1.01 -4.10 -0.93 -1.41 -0.33
-1.80 -7.07 -1.91 5.59 -2.84 -1.93 -6.20
Net Cash Flow 0.11 -0.12 -0.09 3.18 -3.24 -0.12 0.02

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 74.09 83.49 62.54 50.38 64.41 47.30 42.32
Inventory Days 110.90 85.86 74.93 41.38 43.59 41.64 28.43
Days Payable 121.70 128.03 91.31 21.61 67.56 60.02 44.87
Cash Conversion Cycle 63.29 41.32 46.16 70.15 40.45 28.91 25.88
Working Capital Days 45.73 30.54 43.39 51.28 43.13 32.38 26.31
ROCE % 14.12% 12.79% -4.67% 2.92% 17.53% 18.23%

Shareholding Pattern

Numbers in percentages

2 Recently
Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023
73.12% 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% 26.89%
No. of Shareholders 8475615553507381

Documents