Signet Industries Ltd
Incorporated in 1985, Signet Industries Ltd does Merchant Trading of Polymers & Other Products and Manufacturing of Micro Irrigation System, Sprinkler Pipe / PVC Pipe & Agro fittings and its Allied Products, and all type of House Hold & Plastic Moulded Furniture[1]
- Market Cap ₹ 233 Cr.
- Current Price ₹ 79.2
- High / Low ₹ 90.0 / 32.6
- Stock P/E 14.1
- Book Value ₹ 71.8
- Dividend Yield 0.63 %
- ROCE 12.4 %
- ROE 6.48 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.10 times its book value
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 2.40% over past five years.
- Company has a low return on equity of 5.90% over last 3 years.
- Dividend payout has been low at 13.2% of profits over last 3 years
* 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: Plastic products Industry: Plastics Products
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
512 | 565 | 612 | 650 | 786 | 912 | 904 | 976 | 883 | 827 | 877 | 1,018 | 1,181 | |
474 | 512 | 549 | 593 | 719 | 849 | 834 | 905 | 816 | 764 | 816 | 948 | 1,098 | |
Operating Profit | 38 | 52 | 64 | 57 | 67 | 63 | 70 | 71 | 67 | 63 | 62 | 69 | 83 |
OPM % | 7% | 9% | 10% | 9% | 9% | 7% | 8% | 7% | 8% | 8% | 7% | 7% | 7% |
3 | 9 | 8 | 8 | 3 | 4 | 4 | 2 | 2 | 3 | 1 | 3 | 3 | |
Interest | 29 | 38 | 45 | 43 | 40 | 38 | 41 | 44 | 44 | 46 | 43 | 44 | 53 |
Depreciation | 5 | 6 | 6 | 6 | 7 | 7 | 7 | 7 | 8 | 8 | 9 | 9 | 10 |
Profit before tax | 8 | 18 | 21 | 16 | 23 | 23 | 26 | 22 | 17 | 12 | 12 | 19 | 24 |
Tax % | 51% | 32% | 26% | 26% | 25% | 21% | 28% | 38% | 31% | -19% | 30% | 32% | |
4 | 12 | 16 | 12 | 17 | 18 | 18 | 14 | 12 | 14 | 8 | 13 | 17 | |
EPS in Rs | 1.36 | 4.11 | 5.40 | 4.03 | 5.96 | 6.26 | 6.28 | 4.66 | 4.01 | 4.74 | 2.80 | 4.43 | 5.62 |
Dividend Payout % | 37% | 29% | 22% | 0% | 8% | 8% | 8% | 11% | 12% | 11% | 18% | 11% |
Compounded Sales Growth | |
---|---|
10 Years: | 6% |
5 Years: | 2% |
3 Years: | 5% |
TTM: | 16% |
Compounded Profit Growth | |
---|---|
10 Years: | 1% |
5 Years: | -7% |
3 Years: | 3% |
TTM: | 45% |
Stock Price CAGR | |
---|---|
10 Years: | -13% |
5 Years: | 17% |
3 Years: | 39% |
1 Year: | 112% |
Return on Equity | |
---|---|
10 Years: | 10% |
5 Years: | 7% |
3 Years: | 6% |
Last Year: | 6% |
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 | 29 | 29 | 29 | 29 | 29 | 29 | 29 | 29 | 29 | 29 | 29 | 29 | 29 |
Reserves | 11 | 14 | 25 | 58 | 76 | 109 | 126 | 137 | 147 | 159 | 166 | 177 | 182 |
Preference Capital | 0 | 5 | 5 | 10 | 11 | 0 | 11 | 12 | 13 | 14 | 15 | 17 | |
246 | 267 | 262 | 191 | 194 | 207 | 234 | 199 | 231 | 281 | 292 | 292 | 350 | |
138 | 147 | 191 | 223 | 216 | 242 | 227 | 289 | 247 | 260 | 231 | 230 | 188 | |
Total Liabilities | 423 | 457 | 506 | 501 | 515 | 588 | 616 | 655 | 654 | 729 | 718 | 729 | 750 |
75 | 78 | 82 | 81 | 77 | 72 | 79 | 82 | 77 | 81 | 79 | 82 | 80 | |
CWIP | 4 | 0 | 0 | 0 | 0 | 4 | 1 | 0 | 0 | 2 | 5 | 1 | 1 |
Investments | 8 | 8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
336 | 371 | 424 | 420 | 437 | 511 | 535 | 572 | 577 | 646 | 634 | 645 | 668 | |
Total Assets | 423 | 457 | 506 | 501 | 515 | 588 | 616 | 655 | 654 | 729 | 718 | 729 | 750 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
19 | 32 | 43 | 65 | 28 | 15 | 20 | 84 | 12 | 7 | 34 | 51 | |
-32 | -28 | 5 | 37 | 4 | -5 | -9 | -9 | 9 | -13 | -9 | -6 | |
28 | -16 | -49 | -91 | -35 | -22 | -7 | -80 | -13 | 3 | -32 | -44 | |
Net Cash Flow | 15 | -12 | -2 | 11 | -3 | -11 | 4 | -5 | 7 | -3 | -7 | 1 |
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 | 132 | 131 | 144 | 128 | 123 | 123 | 118 | 109 | 125 | 144 | 130 | 108 |
Inventory Days | 55 | 56 | 63 | 79 | 57 | 58 | 78 | 86 | 96 | 118 | 126 | 115 |
Days Payable | 94 | 90 | 110 | 122 | 95 | 93 | 88 | 110 | 102 | 116 | 95 | 78 |
Cash Conversion Cycle | 93 | 97 | 97 | 84 | 85 | 88 | 107 | 85 | 118 | 146 | 161 | 145 |
Working Capital Days | 101 | 98 | 92 | 82 | 88 | 94 | 112 | 96 | 129 | 163 | 165 | 145 |
ROCE % | 14% | 18% | 19% | 19% | 21% | 19% | 18% | 17% | 15% | 12% | 11% | 12% |
Documents
Announcements
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Disclosure Under Reg 40 (9)
2d - Certificate under Regulation 40 (9) of SEBI (LODR) Reg, 2015
- Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2 18 Apr
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 9 Apr
- Compliance Certificate Under Reg 7 (3) 5 Apr
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 3 Apr
Annual reports
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Financial Year 2023
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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 2012
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Financial Year 2011
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Financial Year 2010
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Business Overview:[1][2]
Company does manufacturing of irrigation and plastic products and wholesale trading of chemicals and plastics plastic products. It has wind power generation units in Maharashtra and Rajasthan. Company implements government-backed drip irrigation and agricultural projects, where 50-70% of project cost is received as subsidy from government