Shivam Autotech Ltd
Shivam Autotech Limited is one of the largest manufacturers of transmission gears and shafts in India. It has been serving a large number of automobile manufacturers as their principal component partner for the past 16 years. Company’s infrastructure across 5 strategic locations including Gurgaon, Haridwar, Manesar, Bengaluru and Rohtak. [1]
- Market Cap ₹ 454 Cr.
- Current Price ₹ 37.2
- High / Low ₹ 49.8 / 20.4
- Stock P/E
- Book Value ₹ 6.45
- Dividend Yield 0.00 %
- ROCE 3.23 %
- ROE -28.5 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
Cons
- Stock is trading at 5.76 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -3.32% over past five years.
- Company has a low return on equity of -19.6% over last 3 years.
- 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.
Peer comparison
Sector: Auto Ancillaries Industry: Auto Ancillaries
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
360 | 372 | 399 | 446 | 425 | 456 | 557 | 636 | 588 | 487 | 469 | 470 | 461 | |
275 | 284 | 318 | 363 | 355 | 409 | 478 | 553 | 536 | 410 | 398 | 421 | 422 | |
Operating Profit | 85 | 87 | 80 | 83 | 70 | 48 | 78 | 82 | 52 | 78 | 71 | 49 | 40 |
OPM % | 24% | 23% | 20% | 19% | 17% | 10% | 14% | 13% | 9% | 16% | 15% | 11% | 9% |
-0 | 0 | 0 | -0 | 0 | 0 | 1 | 1 | 1 | 3 | 4 | 3 | 2 | |
Interest | 27 | 25 | 20 | 20 | 21 | 29 | 46 | 49 | 53 | 57 | 51 | 50 | 55 |
Depreciation | 29 | 31 | 31 | 27 | 28 | 32 | 41 | 49 | 54 | 49 | 41 | 35 | 36 |
Profit before tax | 29 | 32 | 29 | 36 | 21 | -13 | -8 | -14 | -54 | -25 | -16 | -33 | -49 |
Tax % | 35% | 11% | 2% | 22% | 10% | 73% | 84% | -33% | 32% | 8% | 0% | -6% | |
19 | 28 | 28 | 28 | 19 | -4 | -1 | -18 | -37 | -23 | -16 | -35 | -53 | |
EPS in Rs | 1.53 | 2.31 | 2.33 | 2.30 | 1.57 | -0.29 | -0.10 | -1.49 | -3.04 | -1.84 | -1.31 | -2.84 | -4.36 |
Dividend Payout % | 17% | 14% | 16% | 21% | 21% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 2% |
5 Years: | -3% |
3 Years: | -7% |
TTM: | -1% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 2% |
TTM: | -145% |
Stock Price CAGR | |
---|---|
10 Years: | 12% |
5 Years: | 2% |
3 Years: | 30% |
1 Year: | 77% |
Return on Equity | |
---|---|
10 Years: | -4% |
5 Years: | -18% |
3 Years: | -20% |
Last Year: | -29% |
Balance Sheet
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 10 | 10 | 10 | 10 | 20 | 20 | 20 | 20 | 20 | 20 | 24 | 24 | 24 |
Reserves | 104 | 128 | 151 | 172 | 175 | 172 | 171 | 153 | 115 | 93 | 114 | 80 | 54 |
172 | 128 | 117 | 199 | 305 | 399 | 412 | 434 | 439 | 489 | 389 | 428 | 184 | |
76 | 70 | 75 | 79 | 80 | 87 | 91 | 145 | 150 | 133 | 114 | 124 | 332 | |
Total Liabilities | 362 | 336 | 353 | 460 | 580 | 678 | 694 | 752 | 724 | 734 | 641 | 656 | 595 |
260 | 242 | 229 | 251 | 246 | 353 | 445 | 467 | 448 | 429 | 394 | 362 | 344 | |
CWIP | 0 | 0 | 1 | 6 | 101 | 81 | 6 | 1 | 28 | 1 | 2 | 1 | 1 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
102 | 94 | 124 | 203 | 233 | 244 | 243 | 284 | 248 | 304 | 244 | 293 | 250 | |
Total Assets | 362 | 336 | 353 | 460 | 580 | 678 | 694 | 752 | 724 | 734 | 641 | 656 | 595 |
Cash Flows
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
82 | 83 | 55 | 7 | 47 | 27 | 79 | 94 | 104 | 72 | 65 | 65 | |
-40 | -12 | -19 | -55 | -118 | -86 | -48 | -68 | -43 | -18 | -4 | -1 | |
-49 | -70 | -36 | 54 | 68 | 62 | -33 | -26 | -58 | -3 | -113 | -7 | |
Net Cash Flow | -7 | 0 | -0 | 6 | -3 | 2 | -3 | 1 | 2 | 50 | -52 | 57 |
Ratios
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 29 | 24 | 27 | 40 | 40 | 53 | 54 | 54 | 44 | 50 | 64 | 73 |
Inventory Days | 173 | 168 | 178 | 193 | 235 | 213 | 176 | 173 | 124 | 205 | 190 | 158 |
Days Payable | 119 | 127 | 125 | 117 | 118 | 133 | 107 | 167 | 147 | 182 | 157 | 149 |
Cash Conversion Cycle | 83 | 65 | 81 | 116 | 158 | 133 | 124 | 60 | 21 | 74 | 98 | 81 |
Working Capital Days | -17 | -7 | 15 | 45 | 70 | 69 | 40 | 21 | 1 | 46 | 62 | 50 |
ROCE % | 19% | 20% | 18% | 17% | 10% | 3% | 6% | 6% | -0% | 6% | 6% | 3% |
Documents
Announcements
- Closure of Trading Window 1d
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
15 Feb - Publication of Unaudited Financial results for the Quarter Ended 31st December 2023
- The Board Has Approved Unaudited Financial Results Of The Company For The Third Quarter Ended December 31, 2023. 14 Feb
- Board Meeting Outcome for The Board Has Approved The Unaudited Financial Results Of The Company For The Third Quarter Ended December 31, 2023. 14 Feb
-
Announcement Under Reg. 30 Of SEBI(LODR), 2015
10 Feb - Disclosure relating to show cause Notice received by directors by post as on 09.02.2024.
Annual reports
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Financial Year 2023
from bse
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
from nse
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Financial Year 2011
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Financial Year 2010
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Product Segments
Transmission gears & shafts, Starter motor components, Alternator components, Precision engineering components, EPS components. [1]