Smartlink Holdings Ltd

Smartlink Holdings Ltd

₹ 288 -1.71%
24 Jul 1:56 p.m.
About

Smartlink Group has been in the Networking
Products business for 3+ decades and is involved in sourcing, manufacturing, sales, marketing, and support. Smartlink Holdings Ltd. They are now an NBFC with assets which includes investment in the two subsidiary companies.[1]

Key Points

Restructuring
The company was in networking products business for 3+ decades and involved in sourcing, manufacturing, sales, marketing & support, etc. It restructured its operations by splitting its operations in two independent subsidiaries i.e. Digisol Systems Ltd and Synergra EMS Ltd.[1]
Post the restructuring, the income of Smartlink holdings is mainly from investments and rent income from immovable properties.[2]

  • Market Cap 287 Cr.
  • Current Price 288
  • High / Low 346 / 156
  • Stock P/E 90.1
  • Book Value 205
  • Dividend Yield 0.00 %
  • ROCE 2.20 %
  • ROE 1.58 %
  • Face Value 2.00

Pros

  • Company is almost debt free.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -9.37% over past five years.
  • Company has a low return on equity of 5.63% 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: Finance Industry: Finance & Investments

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
1.32 2.62 2.61 1.90 1.95 1.53 2.22 2.94 2.85 3.02 3.27 3.02 3.23
2.12 1.72 1.57 1.71 1.64 1.92 1.97 1.69 4.07 1.81 1.79 1.62 1.95
Operating Profit -0.80 0.90 1.04 0.19 0.31 -0.39 0.25 1.25 -1.22 1.21 1.48 1.40 1.28
OPM % -60.61% 34.35% 39.85% 10.00% 15.90% -25.49% 11.26% 42.52% -42.81% 40.07% 45.26% 46.36% 39.63%
0.01 0.00 0.01 0.00 28.18 0.04 0.03 20.92 1.44 0.01 0.02 0.01 0.13
Interest 0.04 0.04 0.05 0.04 0.04 0.04 0.06 0.04 0.03 0.04 0.03 0.04 0.04
Depreciation 0.27 0.27 0.28 0.27 0.26 0.25 0.24 0.27 0.26 0.26 0.27 0.26 0.25
Profit before tax -1.10 0.59 0.72 -0.12 28.19 -0.64 -0.02 21.86 -0.07 0.92 1.20 1.11 1.12
Tax % -14.55% 27.12% 29.17% -25.00% 0.32% 14.06% -2,000.00% 17.25% -128.57% 29.35% 27.50% 23.42% 26.79%
-0.94 0.43 0.52 -0.09 28.10 -0.73 0.37 18.08 0.02 0.66 0.87 0.86 0.82
EPS in Rs -0.71 0.43 0.52 -0.09 28.17 -0.73 0.37 18.13 0.02 0.66 0.87 0.86 0.82
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
154.28 154.32 92.88 0.00 22.59 18.06 20.72 15.16 15.06 9.09 9.55 12.67
155.79 191.53 117.50 36.90 12.50 5.10 44.50 22.78 6.76 6.66 9.65 7.16
Operating Profit -1.51 -37.21 -24.62 -36.90 10.09 12.96 -23.78 -7.62 8.30 2.43 -0.10 5.51
OPM % -0.98% -24.11% -26.51% 44.67% 71.76% -114.77% -50.26% 55.11% 26.73% -1.05% 43.49%
3.42 34.98 41.37 52.35 4.71 2.83 0.03 -4.21 0.26 28.20 22.42 0.04
Interest 0.07 0.01 0.00 0.05 0.15 0.07 0.20 0.39 0.28 0.17 0.17 0.15
Depreciation 3.89 3.70 3.27 1.38 1.20 1.28 1.23 1.43 1.37 1.08 1.02 1.05
Profit before tax -2.05 -5.94 13.48 14.02 13.45 14.44 -25.18 -13.65 6.91 29.38 21.13 4.35
Tax % -1.46% -64.81% 2.00% 68.76% 61.49% 23.75% 12.55% -3.66% 27.35% 1.43% 16.00% 26.21%
-2.02 -2.09 13.21 4.38 5.17 11.00 -28.33 -13.14 5.02 28.95 17.74 3.20
EPS in Rs -0.67 -0.70 4.40 1.46 2.29 4.88 -16.71 -9.88 3.77 29.02 17.78 3.21
Dividend Payout % -297.03% -287.08% 9.08% 0.00% 87.23% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -22%
5 Years: -9%
3 Years: -6%
TTM: 33%
Compounded Profit Growth
10 Years: 8%
5 Years: 16%
3 Years: -13%
TTM: 415%
Stock Price CAGR
10 Years: 18%
5 Years: 29%
3 Years: 35%
1 Year: 73%
Return on Equity
10 Years: 1%
5 Years: 3%
3 Years: 6%
Last Year: 2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 6.00 6.00 6.00 6.00 4.51 4.51 3.39 2.66 2.66 2.00 2.00 2.00
Reserves 409.38 400.19 406.04 410.42 335.08 340.65 255.39 184.99 190.14 181.10 198.85 202.02
0.00 0.00 0.00 0.00 0.00 0.00 1.40 3.17 1.97 1.80 1.47 1.47
31.35 27.89 18.84 10.96 3.72 3.02 5.41 4.08 5.76 4.18 5.74 6.08
Total Liabilities 446.73 434.08 430.88 427.38 343.31 348.18 265.59 194.90 200.53 189.08 208.06 211.57
29.44 26.45 23.22 21.49 20.15 19.11 19.70 26.15 24.11 23.08 21.55 20.55
CWIP 0.00 0.35 0.00 0.00 0.00 0.00 0.00 2.08 2.16 2.16 0.00 0.00
Investments 270.75 282.82 317.98 330.31 305.07 320.77 239.11 162.94 167.05 150.48 175.22 179.70
146.54 124.46 89.68 75.58 18.09 8.30 6.78 3.73 7.21 13.36 11.29 11.32
Total Assets 446.73 434.08 430.88 427.38 343.31 348.18 265.59 194.90 200.53 189.08 208.06 211.57

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-17.53 -40.08 4.63 -26.11 -17.28 -6.87 70.15 70.07 1.00 38.91 -23.11 -0.02
20.20 47.17 0.60 33.37 98.59 14.33 -4.33 -11.69 -0.09 -0.05 23.37 -0.03
-7.04 -7.05 -7.01 -7.21 -82.16 -5.48 -67.63 -58.74 -0.56 -38.96 -0.22 -0.12
Net Cash Flow -4.37 0.04 -1.77 0.05 -0.85 1.98 -1.82 -0.35 0.35 -0.09 0.04 -0.17

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 59.31 68.99 34.43 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Days 60.36 82.56 65.95
Days Payable 77.12 52.25 39.55
Cash Conversion Cycle 42.55 99.30 60.83 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Working Capital Days 53.11 89.24 46.73 36.35 49.31 12.51 39.73 6.54 46.18 43.95 43.50
ROCE % -0.59% -4.26% 3.29% -1.45% 2.77% 4.26% -8.26% -4.00% 3.65% 15.57% 0.17% 2.20%

Shareholding Pattern

Numbers in percentages

15 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
69.89% 69.89% 69.89% 69.89% 69.89% 69.89% 71.33% 71.33% 71.51% 71.90% 72.79% 72.84%
0.00% 0.00% 0.33% 0.00% 0.10% 0.00% 0.18% 0.01% 0.00% 0.08% 0.00% 0.66%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.48%
30.11% 30.11% 29.78% 30.11% 30.01% 30.12% 28.49% 28.66% 28.48% 28.03% 27.21% 26.01%
No. of Shareholders 12,39412,63513,61314,27814,02813,61313,09312,68812,40212,21712,02511,691

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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