Srivasavi Adhesive Tapes Ltd

Srivasavi Adhesive Tapes Ltd

₹ 116 5.35%
26 Apr - close price
About

Incorporated in 2002, Srivasavi Adhesive Tapes Ltd manufactures Adhesive Tapes[1]

Key Points

Business Overview:[1]
Company is an ISO 9001:2015 certified company by TUV Nord and engaged in manufacturing/coating, converting and Die cuts of industrial Specialty self-adhesive tapes. It does customized die cutting of Films, Foams and allied products catering to various industries

  • Market Cap 165 Cr.
  • Current Price 116
  • High / Low 181 / 66.9
  • Stock P/E 36.1
  • Book Value 22.2
  • Dividend Yield 0.00 %
  • ROCE 23.1 %
  • ROE 18.3 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 26.2%

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Working capital days have increased from 57.8 days to 103 days

* 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: Packaging Industry: Packaging

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Half Yearly Results

Figures in Rs. Crores

Mar 2022 Sep 2022 Mar 2023 Sep 2023
30.69 30.57 28.61 40.07
26.69 27.90 25.62 35.89
Operating Profit 4.00 2.67 2.99 4.18
OPM % 13.03% 8.73% 10.45% 10.43%
0.35 0.15 0.38 0.11
Interest 0.39 0.23 0.28 0.00
Depreciation 0.37 0.36 0.35 0.44
Profit before tax 3.59 2.23 2.74 3.85
Tax % 37.05% 19.28% 34.31% 28.31%
2.26 1.81 1.81 2.75
EPS in Rs 18.12 1.74 1.28 1.94
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
13.81 17.06 46.00 55.21 63.44 59.18 68.68
13.22 16.30 43.23 52.16 57.69 53.53 61.51
Operating Profit 0.59 0.76 2.77 3.05 5.75 5.65 7.17
OPM % 4.27% 4.45% 6.02% 5.52% 9.06% 9.55% 10.44%
0.18 0.32 0.34 0.41 0.31 0.54 0.49
Interest 0.35 0.53 0.55 0.21 0.37 0.50 0.28
Depreciation 0.11 0.19 0.53 0.62 0.74 0.71 0.79
Profit before tax 0.31 0.36 2.03 2.63 4.95 4.98 6.59
Tax % 35.48% 33.33% 40.39% 26.62% 26.87% 27.31%
0.20 0.24 1.21 1.93 3.62 3.62 4.56
EPS in Rs 2.11 2.53 9.70 15.47 29.02 2.55 3.22
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 9%
TTM: 12%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 44%
TTM: 12%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 53%
Return on Equity
10 Years: %
5 Years: %
3 Years: 26%
Last Year: 18%

Balance Sheet

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 0.95 0.95 1.25 1.25 1.25 14.17 14.17
Reserves 0.55 0.79 3.90 5.83 9.68 14.56 17.29
3.84 4.35 5.73 3.95 6.09 1.69 1.17
1.97 2.62 9.51 11.60 10.02 10.86 13.72
Total Liabilities 7.31 8.71 20.39 22.63 27.04 41.28 46.35
1.62 2.35 4.92 5.95 6.42 7.17 11.97
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.13 0.11 0.16 0.11 0.00 0.00 0.00
5.56 6.25 15.31 16.57 20.62 34.11 34.38
Total Assets 7.31 8.71 20.39 22.63 27.04 41.28 46.35

Cash Flows

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2020 Mar 2021 Mar 2022 Mar 2023
2.77 5.00 -1.94 -0.09
-0.60 -1.72 -1.21 -9.23
-1.84 -1.99 1.57 9.36
Net Cash Flow 0.33 1.28 -1.58 0.04

Ratios

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 90.13 86.44 74.27 69.02 57.99 77.03
Inventory Days 53.48 47.53 45.65 28.52 63.08 84.66
Days Payable 50.04 58.04 78.74 80.75 67.21 77.05
Cash Conversion Cycle 93.57 75.93 41.18 16.79 53.87 84.64
Working Capital Days 92.51 75.52 43.88 22.21 48.33 102.88
ROCE % 15.57% 25.92% 37.86% 23.10%

Shareholding Pattern

Numbers in percentages

Mar 2023Sep 2023Mar 2024
73.21% 73.21% 73.21%
26.79% 26.79% 26.79%
No. of Shareholders 5006421,143

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