Srikalahasthi Pipes Ltd // Iron & Steel Products

to
193.85
Pros:
Stock is trading at 0.94 times its book value
Company is expected to give good quarter
Company has a good return on equity (ROE) track record: 3 Years ROE 25.67%
Cons:
Promoter's stake has decreased
The company has delivered a poor growth of 8.40% over past five years.

Peer Comparison

S.No. Name CMP Rs. P/E Mar Cap Rs.Cr. Div Yld % NP Qtr Rs.Cr. Qtr Profit Var % Sales Qtr Rs.Cr. Qtr Sales Var % ROCE %
1. Jindal Stain .Hi 122.00 7.50 2878.40 0.00 96.11 70.10 2253.74 10.31 21.38
2. APL Apollo 1605.50 23.78 3809.82 0.74 44.51 -10.82 1519.41 40.40 24.58
3. Srikalahas. Pip. 193.85 6.14 905.25 2.64 34.32 10.04 339.21 -21.52 18.81
4. Mishra Dhatu Nig 135.30 20.07 2534.71 1.40 77.49 310.86
5. Technocraf.Inds. 495.80 11.17 1212.81 0.00 34.28 82.63 283.78 22.65 21.44
6. Shankara Build. 1494.35 46.17 3414.49 0.22 21.61 16.25 760.81 26.72 25.25
7. Gandhi Spl. Tube 365.55 15.05 505.14 2.62 6.72 -1.75 28.01 29.50 26.19

Quarterly Results Figures in Rs. Crores

Jun 2015 Sep 2015 Dec 2015 Mar 2016 Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018
255 294 280 315 279 174 291 432 433 340 385 339
189 227 211 245 199 136 221 376 368 274 326 285
Operating Profit 66 66 68 69 79 38 70 55 64 65 59 54
OPM % 25.95% 22.7% 24.35% 21.96% 28.55% 21.91% 24.19% 12.86% 14.85% 19.37% 15.41% 15.93%
Other Income 2 3 5 7 5 16 3 5 6 5 12 11
Depreciation 12 8 8 8 14 11 9 8 8 9 8 8
Interest 9 13 10 8 12 7 12 7 11 10 9 11
Profit before tax 46 48 54 59 58 35 52 44 50 51 53 45
Tax 12 14 13 13 15 9 12 12 13 14 13 11
Net Profit 34 34 41 45 42 25 40 31 36 37 39 34

Profit & Loss Figures in Rs. Crores

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 TTM
302 369 463 644 690 724 787 863 989 1,083 1,145 1,177 1,498
273 318 386 556 564 637 721 812 872 897 878 940 1,254
Operating Profit 29 51 77 88 125 87 65 51 117 185 266 236 243
OPM % 9.7% 13.86% 16.66% 13.75% 18.22% 12.02% 8.29% 5.93% 11.83% 17.13% 23.28% 20.12% 16.26%
Other Income 0 2 5 3 3 10 8 10 7 8 19 30 35
Interest 13 20 27 47 23 22 57 60 54 43 42 39 42
Depreciation 10 11 15 16 17 18 19 22 27 31 34 36 35
Profit before tax 6 21 40 28 87 55 -4 -21 41 119 209 191 200
Tax 2 5 14 9 30 13 0 -8 2 37 54 50 53
Net Profit 4 15 25 18 57 42 -3 -13 38 82 155 140 147
EPS (unadj) 0.97 3.81 6.35 4.45 14.32 10.33 0.00 0.00 9.48 20.05 39.06 35.27
Dividend Payout % 47.91% 25.15% 15.34% 21.67% 10.29% 14.19% -0.0% -0.0% 15.41% 14.52% 12.8% 17.01%
Compounded Sales Growth
10 Years:10.91%
5 Years:8.40%
3 Years:5.98%
TTM:27.22%
Compounded Profit Growth
10 Years:20.54%
5 Years:%
3 Years:53.55%
TTM:5.11%
Return on Equity
10 Years:22.82%
5 Years:22.13%
3 Years:25.67%
TTM:18.56%

Balance Sheet Figures in Rs. Crores

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017
39 39 39 39 39 39 39 39 39 39 39 39
Reserves 39 51 71 85 137 171 167 154 185 253 657 773
243 301 301 381 326 354 489 466 450 428 444 487
Other Liabilities 120 147 130 143 117 255 254 268 365 256 271 283
Total Liabilities 443 539 543 649 620 821 950 929 1,040 978 1,413 1,584
185 241 263 282 277 301 311 441 435 487 799 909
CWIP 56 7 8 4 34 26 63 17 20 8 19 5
Investments 0 0 0 0 0 0 0 0 0 0 147 152
202 289 271 363 308 493 576 470 585 482 447 516
Total Assets 443 539 543 649 620 821 950 929 1,040 978 1,413 1,584

Cash Flows Figures in Rs. Crores

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017
19 4 46 31 103 35 -13 185 145 157 200 205
-39 -19 -38 -30 -43 -46 -65 -105 -25 -72 -201 -148
20 37 -29 29 -80 12 71 -83 -71 -82 -32 -23
Net Cash Flow 1 22 -22 31 -20 2 -8 -4 48 2 -34 33