Sanghvi Forging & Engineering Ltd

Sanghvi Forging and Engineering Limited is engaged in the business of manufacturing open and closed die forging products for the oil and gas, defense, ship building, power and other sectors.

  • Market Cap: 26.81 Cr.
  • Current Price: 18.00
  • 52 weeks High / Low 33.85 / 12.00
  • Book Value: -18.84
  • Stock P/E:
  • Dividend Yield: 0.00 %
  • ROCE: -2.97 %
  • ROE: %
  • Sales Growth (3Yrs): 1.02 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 10.00
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Pros:
Cons:
Company has low interest coverage ratio.
The company has delivered a poor growth of -7.28% over past five years.
Promoters have pledged 63.27% of their holding.

Peer comparison Sector: Castings, Forgings & Fastners // Industry: Castings & Forgings

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Jun 2015 Sep 2015 Dec 2015 Mar 2016 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020
16.29 19.21 19.45 16.69 13.30 10.04 21.66 18.69 17.69 19.26 14.05 8.81
14.44 15.45 15.37 13.07 12.99 11.14 19.02 16.54 12.88 14.39 13.41 14.10
Operating Profit 1.85 3.76 4.08 3.62 0.31 -1.10 2.64 2.15 4.81 4.87 0.64 -5.29
OPM % 11.36% 19.57% 20.98% 21.69% 2.33% -10.96% 12.19% 11.50% 27.19% 25.29% 4.56% -60.05%
Other Income 0.07 0.20 0.55 0.13 0.10 0.32 -0.29 0.13 0.04 0.43 -0.31 0.49
Interest 4.05 4.19 4.26 3.68 0.21 0.49 0.19 14.83 0.85 0.63 0.55 0.46
Depreciation 2.05 2.11 2.10 2.16 2.15 2.17 2.17 2.11 2.13 2.14 2.13 2.11
Profit before tax -4.18 -2.34 -1.73 -2.09 -1.95 -3.44 -0.01 -14.66 1.87 2.53 -2.35 -7.37
Tax % 0.00% 0.00% 0.00% -2.87% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Profit -4.18 -2.34 -1.73 -2.14 -1.95 -3.44 -0.01 -14.67 1.87 2.53 -2.35 -7.38
EPS in Rs -3.05 -1.69 -1.25 -1.52 -1.31 0.00 0.00 -9.80 1.26 1.70 -1.60 -5.00
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
28.40 28.53 39.38 53.82 87.29 71.65 58.02 59.24 63.69 59.81
23.98 23.04 31.72 47.63 71.47 58.34 55.44 57.67 59.70 54.77
Operating Profit 4.42 5.49 7.66 6.19 15.82 13.31 2.58 1.57 3.99 5.04
OPM % 15.56% 19.24% 19.45% 11.50% 18.12% 18.58% 4.45% 2.65% 6.26% 8.43%
Other Income 0.97 0.33 0.54 0.42 0.24 0.93 0.25 1.02 0.26 0.64
Interest 1.34 1.24 1.56 9.41 15.85 16.16 16.61 16.90 15.72 2.49
Depreciation 0.55 0.65 0.65 7.15 8.35 8.42 8.98 8.83 8.59 8.52
Profit before tax 3.50 3.93 5.99 -9.95 -8.14 -10.34 -22.76 -23.14 -20.06 -5.33
Tax % 35.14% 36.90% 35.56% 21.61% 0.00% -0.58% 0.00% 0.00% 0.00% 0.00%
Net Profit 2.27 2.48 3.86 -7.78 -8.14 -10.40 -22.76 -23.15 -20.06 -5.33
EPS in Rs 0.00 0.00 0.00 0.00 0.00 0.00 -3.60
Dividend Payout % 0.00% 9.64% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:7.68%
5 Years:-7.28%
3 Years:1.02%
TTM:-6.09%
Compounded Profit Growth
10 Years:%
5 Years:6.11%
3 Years:20.87%
TTM:73.43%
Stock Price CAGR
10 Years:%
5 Years:-16.86%
3 Years:-21.49%
1 Year:-41.08%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:None%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Corp Actions
Mar 2009 Mar 2010 Mar 2011 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
3.93 4.78 7.99 13.29 13.89 14.89 14.89 14.89 14.89 14.89
Reserves 4.83 7.03 10.42 41.98 35.39 28.71 5.97 -17.35 -37.37 -42.95
Borrowings 11.34 10.46 15.13 73.35 130.10 127.16 126.70 112.32 96.96 144.71
3.94 5.46 10.14 72.06 35.21 29.42 50.29 79.83 106.08 61.67
Total Liabilities 24.04 27.73 43.68 200.68 214.59 200.18 197.85 189.69 180.56 178.32
10.60 10.96 11.30 157.54 150.59 156.39 147.98 140.04 132.48 124.63
CWIP 0.01 0.04 11.76 7.70 10.17 0.45 0.36 0.00 0.02 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
13.43 16.73 20.62 35.44 53.83 43.34 49.51 49.65 48.06 53.69
Total Assets 24.04 27.73 43.68 200.68 214.59 200.18 197.85 189.69 180.56 178.32

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
1.84 2.40 8.11 11.39 -38.78 20.59 15.55 34.67 26.47 -58.09
-1.71 -1.14 -13.30 -18.18 -4.08 -3.02 -0.18 -0.94 -0.25 -0.99
-0.03 -1.27 5.57 6.85 42.89 -17.54 -15.12 -33.88 -25.90 60.34
Net Cash Flow 0.10 -0.01 0.38 0.06 0.03 0.03 0.25 -0.16 0.32 1.26

Ratios Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 25.11% 27.09% 5.01% 3.32% -3.86% -4.85% -4.71% -2.97%
Debtor Days 88.68 130.62 95.47 79.69 102.32 63.07 126.07 115.46 105.05 89.95
Inventory Turnover 3.42 3.53 2.92 1.82 1.63 1.68 1.90 1.43

Shareholding pattern in percentages

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
67.70 67.69 67.64 67.64 67.64 67.64 67.66 67.66 67.68 67.68 67.70 67.70
32.30 32.31 32.36 32.36 32.36 32.36 32.34 32.34 32.32 32.32 32.30 32.30