Signet Industries Ltd

Signet Industries Ltd

₹ 69.6 0.36%
19 Apr - close price
About

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]

Key Points

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

  • Market Cap 205 Cr.
  • Current Price 69.6
  • High / Low 90.0 / 32.6
  • Stock P/E 12.4
  • Book Value 71.8
  • Dividend Yield 0.72 %
  • ROCE 12.4 %
  • ROE 6.48 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.97 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

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
236.35 274.64 180.26 204.87 180.99 311.14 219.14 222.65 263.39 312.52 288.82 268.78 311.31
217.22 256.97 166.25 190.05 165.66 293.58 203.75 208.13 244.24 292.10 270.59 248.98 286.44
Operating Profit 19.13 17.67 14.01 14.82 15.33 17.56 15.39 14.52 19.15 20.42 18.23 19.80 24.87
OPM % 8.09% 6.43% 7.77% 7.23% 8.47% 5.64% 7.02% 6.52% 7.27% 6.53% 6.31% 7.37% 7.99%
0.28 2.16 0.34 0.44 0.39 0.24 0.31 0.75 0.58 1.16 0.48 1.00 0.59
Interest 13.06 10.71 10.64 10.58 10.06 11.53 11.36 10.36 10.35 12.00 12.04 13.59 15.66
Depreciation 1.97 2.07 2.19 2.16 2.13 2.14 2.18 2.26 2.32 2.32 2.41 2.44 2.45
Profit before tax 4.38 7.05 1.52 2.52 3.53 4.13 2.16 2.65 7.06 7.26 4.26 4.77 7.35
Tax % -60.27% 15.60% 31.58% 29.37% 26.91% 30.99% 32.41% 29.06% 26.63% 37.88% 25.12% 28.30% 26.53%
7.02 5.95 1.04 1.78 2.58 2.85 1.47 1.88 5.18 4.52 3.20 3.41 5.40
EPS in Rs 2.38 2.02 0.35 0.60 0.88 0.97 0.50 0.64 1.76 1.54 1.09 1.16 1.83
Raw PDF

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: -14%
5 Years: 15%
3 Years: 35%
1 Year: 93%
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%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
72.52% 72.56% 72.57% 72.57% 72.57% 72.57% 72.57% 72.57% 72.57% 72.57% 72.57% 72.57%
27.48% 27.44% 27.43% 27.43% 27.43% 27.43% 27.42% 27.43% 27.42% 27.44% 27.43% 27.43%
No. of Shareholders 12,74013,12913,16714,80214,45914,42214,14814,06715,34414,65814,98815,090

Documents