Summit Securities Ltd

Summit Securities is principally engaged in the Investing Activities.

Pros:
Company has reduced debt.
Company is virtually debt free.
Stock is trading at 0.65 times its book value
Company has good consistent profit growth of 53.15% over 5 years
Market value of investments Rs.3982.95 Cr. is more than the Market Cap Rs.494.86 Cr.
Cons:
Though the company is reporting repeated profits, it is not paying out dividend
Tax rate seems low
Company has a low return on equity of 13.05% for last 3 years.
** Remarks:
Some businesses are provided tax benefits to encourage their development

Peer Comparison Sector: Finance // Industry: Finance & Investments

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Jun 2019
3 0
1 1
Operating Profit 1 -1
OPM % 53% -206%
Other Income 0 0
Interest 0 0
Depreciation 0 0
Profit before tax 2 -1
Tax % 4% 4%
Net Profit 2 -1
EPS in Rs 1.49 -0.86
Notes Notes

Profit & Loss Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
0 8 12 15 19 15 26 53 5 141 113
0 5 4 1 3 2 2 3 3 3 3
Operating Profit 0 3 8 13 16 13 25 51 3 138 110
OPM % 6% 34% 65% 92% 86% 89% 94% 95% 54% 98% 97%
Other Income 1 1 0 0 0 -0 0 0 0 0 0
Interest 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 1 4 8 13 16 13 25 51 3 138 110
Tax % -145% 16% 6% 7% 14% 2% 0% 1% -107% 12% 0%
Net Profit 2 3 8 13 13 13 25 50 7 121 110
EPS in Rs 7.43 11.91 12.66 11.76 22.61 45.93 6.35 111.26 100.62
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:91.56%
5 Years:50.01%
3 Years:28.40%
TTM:-20.07%
Compounded Profit Growth
10 Years:47.18%
5 Years:53.15%
3 Years:29.88%
TTM:-9.56%
Stock Price CAGR
10 Years:%
5 Years:9.61%
3 Years:-2.43%
1 Year:-19.94%
Return on Equity
10 Years:7.49%
5 Years:11.25%
3 Years:13.05%
Last Year:15.56%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
5 11 11 11 11 11 11 11 11 11 11
Reserves 386 385 393 406 419 435 460 511 518 639 749
Borrowings 6 8 9 0 0 0 0 0 0 17 0
19 8 8 8 7 10 10 9 4 23 4
Total Liabilities 417 412 420 425 437 456 481 531 533 690 764
1 0 0 0 0 0 0 0 0 0 0
CWIP 0 0 0 0 0 0 0 0 0 0 0
Investments 371 348 342 409 425 452 475 494 522 667 732
45 64 78 16 12 4 5 37 11 24 32
Total Assets 417 412 420 425 437 456 481 531 533 690 764

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
1 -24 -2 1 12 21 24 48 2 31 -4
8 23 7 3 -16 -25 -22 -18 -30 -37 10
0 -6 0 0 0 -0 0 0 0 -0 0
Net Cash Flow 9 -7 4 4 -4 -3 2 30 -28 -6 6

Ratios Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 1% 2% 3% 4% 3% 5% 10% 1% 23% 15%
Debtor Days 22,888 1,849 1,095 1 0 0 0 0 0 0 0
Inventory Turnover