Srikalahasthi Pipes Ltd

Srikalahasthi Pipes Limited is engaged in the manufacture and supply of ductile iron (DI) pipe.

  • Market Cap: 1,022 Cr.
  • Current Price: 218.95
  • 52 weeks High / Low 261.80 / 138.00
  • Book Value: 277.92
  • Stock P/E: 5.92
  • Dividend Yield: 2.74 %
  • ROCE: 12.05 %
  • ROE: 9.42 %
  • Sales Growth (3Yrs): 10.81 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 10.00
Pros:
Stock is trading at 0.79 times its book value
Company has been maintaining a healthy dividend payout of 19.95%
Cons:
The company has delivered a poor growth of 9.52% over past five years.
Company has a low return on equity of 13.22% for last 3 years.
Promoters have pledged 31.18% of their holding.

Peer Comparison Sector: Steel // Industry: Steel - Medium / Small

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Quarterly Results Figures in Rs. Crores

Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019
432 433 362 408 363 315 438 397 409 361 457 446
377 369 296 349 309 289 382 341 358 304 395 373
Operating Profit 56 64 66 59 54 26 56 56 51 57 63 73
OPM % 13% 15% 18% 15% 15% 8% 13% 14% 12% 16% 14% 16%
Other Income 5 6 10 16 12 19 16 9 13 12 17 14
Interest 8 11 15 14 11 14 16 11 7 9 13 12
Depreciation 9 9 9 9 8 9 10 9 9 10 10 10
Profit before tax 44 50 51 53 46 21 46 45 47 50 57 65
Tax % 29% 28% 28% 26% 25% 18% 28% 31% 24% 34% 37% -4%
Net Profit 31 36 37 39 34 17 33 31 36 33 36 68
EPS in Rs 7.88 9.17 9.34 9.85 7.41 3.71 7.12 6.67 7.60 7.15 7.69 14.49
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
464 645 691 726 787 864 989 1,084 1,146 1,178 1,587 1,559 1,673
386 556 565 636 722 813 872 897 879 941 1,345 1,372 1,429
Operating Profit 78 89 126 90 65 51 117 187 267 237 242 187 244
OPM % 17% 14% 18% 12% 8% 6% 12% 17% 23% 20% 15% 12% 15%
Other Income 5 4 4 7 8 10 7 8 20 30 37 51 57
Interest 27 48 23 23 58 60 55 44 42 39 43 40 41
Depreciation 15 16 18 19 20 22 28 31 35 37 35 37 40
Profit before tax 40 28 88 56 -4 -21 41 119 210 191 201 160 220
Tax % 35% 35% 34% 25% 5% 39% 7% 31% 26% 27% 27% 27%
Net Profit 26 18 58 42 -4 -13 39 82 155 140 147 118 173
EPS in Rs 6.35 4.45 14.32 10.33 0.00 0.00 9.48 20.05 39.06 35.27 31.56 25.17 36.93
Dividend Payout % 15% 22% 10% 14% -0% -0% 15% 15% 13% 17% 19% 24%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:9.23%
5 Years:9.52%
3 Years:10.81%
TTM:10.61%
Compounded Profit Growth
10 Years:20.22%
5 Years:24.31%
3 Years:-9.55%
TTM:48.91%
Stock Price CAGR
10 Years:13.11%
5 Years:13.09%
3 Years:-11.42%
1 Year:33.75%
Return on Equity
10 Years:16.07%
5 Years:16.93%
3 Years:13.22%
Last Year:9.42%

Balance Sheet Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Sep 2019
40 40 40 40 40 40 40 40 40 40 47 47 47
Reserves 72 86 137 172 167 154 186 254 658 774 1,132 1,216 1,251
Borrowings 301 381 326 354 490 467 450 429 445 487 442 385 434
131 144 118 256 254 268 365 257 271 283 298 554 642
Total Liabilities 544 650 621 821 951 929 1,041 979 1,413 1,584 1,919 2,202 2,374
264 282 278 302 312 441 435 487 799 909 836 859 878
CWIP 9 4 34 27 63 17 20 9 19 6 30 24 73
Investments 0 0 0 0 0 0 0 0 147 153 213 0 10
271 363 309 493 576 471 585 482 448 516 839 1,319 1,413
Total Assets 544 650 621 821 951 929 1,041 979 1,413 1,584 1,919 2,202 2,374

Cash Flows Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
46 32 103 36 -14 185 145 158 200 185 114 239
-39 -30 -43 -46 -66 -106 -25 -73 -201 -137 -16 -53
-30 30 -81 12 71 -83 -72 -82 -33 -15 49 -131
Net Cash Flow -22 31 -20 2 -9 -4 48 3 -34 33 148 55

Ratios Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 17% 16% 22% 15% 8% 6% 14% 23% 27% 19% 16% 12%
Debtor Days 69 68 63 69 57 50 55 63 66 44 77 72
Inventory Turnover 4.08 4.86 5.32 4.10 2.82 3.28 4.45 5.84 9.04 7.09 7.51 5.55