Salasar Exteriors & Contour Ltd

Salasar Exteriors & Contour Ltd

₹ 21.2 4.44%
26 Jul - close price
About

Incorporated in 1988, Salasar Exteriors and Contour Ltd is in the business of large-scale civil constructions[1]

Key Points

Business Overview:[1][2][3]
Company is specialized in large-scale civil constructions of hotel, commercial, industrial (all structural work) and residential projects. It does trading in real estate (flats and land) in Mumbai. Also, company does interior and exterior designing of commercial office and mall and factories

  • Market Cap 218 Cr.
  • Current Price 21.2
  • High / Low 36.8 / 15.2
  • Stock P/E 3,629
  • Book Value 1.17
  • Dividend Yield 0.00 %
  • ROCE 0.19 %
  • ROE 0.50 %
  • Face Value 1.00

Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 18.1 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -0.56%
  • The company has delivered a poor sales growth of -65.3% over past five years.
  • Company has a low return on equity of 11.1% over last 3 years.
  • Company might be capitalizing the interest cost
  • Promoters have pledged 95.2% of their holding.
  • Company has high debtors of 23,503 days.
  • Working capital days have increased from 17,296 days to 33,215 days

* 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

Figures in Rs. Crores

Sep 2019 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023 Mar 2024
34.27 2.00 2.12 2.12 5.08 1.00 0.63 0.00 0.28
31.97 2.07 1.35 1.35 1.62 0.00 0.85 0.07 4.33
Operating Profit 2.30 -0.07 0.77 0.77 3.46 1.00 -0.22 -0.07 -4.05
OPM % 6.71% -3.50% 36.32% 36.32% 68.11% 100.00% -34.92% -1,446.43%
0.00 0.00 0.00 0.00 0.00 0.00 0.09 0.00 4.22
Interest 0.85 0.01 0.69 0.69 0.69 0.00 0.00 0.00 0.00
Depreciation 0.02 0.03 0.02 0.02 0.02 0.02 0.02 0.02 0.03
Profit before tax 1.43 -0.11 0.06 0.06 2.75 0.98 -0.15 -0.09 0.14
Tax % 27.27% 0.00% 33.33% 33.33% -0.73% 0.00% 0.00% 0.00% 0.00%
1.04 -0.11 0.05 0.05 2.77 0.97 -0.16 -0.09 0.14
EPS in Rs 0.10 -0.01 0.00 0.00 0.27 0.09 -0.02 -0.01 0.01
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
55.82 73.64 8.27 2.28 0.63 0.28
56.84 81.97 11.80 2.95 0.86 4.40
Operating Profit -1.02 -8.33 -3.53 -0.67 -0.23 -4.12
OPM % -1.83% -11.31% -42.68% -29.39% -36.51% -1,471.43%
3.55 0.25 3.85 4.91 1.09 4.22
Interest 1.39 1.61 1.67 1.38 0.00 0.00
Depreciation 0.03 0.05 0.05 0.05 0.05 0.05
Profit before tax 1.11 -9.74 -1.40 2.81 0.81 0.05
Tax % 27.93% 0.00% 0.00% 0.00% 0.00% 0.00%
0.80 -9.74 -1.39 2.81 0.81 0.06
EPS in Rs 0.11 -0.95 -0.13 0.27 0.08 0.01
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: -65%
3 Years: -68%
TTM: -56%
Compounded Profit Growth
10 Years: %
5 Years: -40%
3 Years: 27%
TTM: -93%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 131%
1 Year: -31%
Return on Equity
10 Years: %
5 Years: -14%
3 Years: 11%
Last Year: 1%

Balance Sheet

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 5.87 8.24 8.24 8.24 10.29 10.29
Reserves 5.09 1.49 0.10 2.91 1.66 1.72
13.97 15.35 14.18 13.95 13.90 9.43
23.54 59.72 11.32 7.85 10.88 11.04
Total Liabilities 48.47 84.80 33.84 32.95 36.73 32.48
0.44 0.40 0.35 0.31 0.26 0.23
CWIP 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00
48.03 84.40 33.49 32.64 36.47 32.25
Total Assets 48.47 84.80 33.84 32.95 36.73 32.48

Cash Flows

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-21.02 -8.36 2.30 1.38 -0.20 4.60
-0.64 -0.18 0.22 0.00 0.00 0.11
22.21 8.53 -2.76 -1.43 -0.05 -4.47
Net Cash Flow 0.56 -0.02 -0.24 -0.05 -0.25 0.24

Ratios

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 183.61 285.74 722.94 2,780.72 10,445.95
Inventory Days 339.03 246.62 3,666.29 3,716.97
Days Payable 568.48 1,408.21 3,588.08 2,370.83
Cash Conversion Cycle -45.83 -875.84 801.15 4,126.87 10,445.95
Working Capital Days 151.96 116.68 951.56 3,909.34 14,762.22
ROCE % -32.51% 1.13% 17.60% 3.18%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
71.33% 71.33% 71.33% 71.33% 71.33% 70.81% 70.75% 70.56% 70.39% 69.95% 69.40% 69.40%
28.67% 28.67% 28.67% 28.67% 28.67% 29.19% 29.25% 29.44% 29.61% 30.05% 30.60% 30.60%
No. of Shareholders 69535797208174185215213276406403

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