Sulabh Engineers & Services Ltd

₹ 5.00 -0.40%

23 Dec - close price

About

Incorporated in 1983, Sulabh Engineers and Services Ltd is in the business of lending and agricultural activities

Key Points

Business Overview:^[1]
Company is a Non Deposit Taking NBFC dealing in:
a) Asset Financing:^[2] To meet short-term and long-term financing needs of corporate houses through Promoter Funding, Stressed Assets Funding and Margin Financing
b) SME Loans:^[3] Working Capital loans, Loans for Purchase of Equipment and Machinery, Business or Capacity expansion Loan, Term Loans against Property (Residential and Commercial)

Website BSE

Market Cap ₹ 50.2 Cr.
Current Price ₹ 5.00
High / Low ₹ 7.38 / 4.51
Stock P/E 35.6
Book Value ₹ 3.96
Dividend Yield 0.00 %
ROCE 5.57 %
ROE 4.40 %
Face Value ₹ 1.00

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Pros

Cons

Though the company is reporting repeated profits, it is not paying out dividend
The company has delivered a poor sales growth of -14.4% over past five years.
Promoter holding is low: 25.6%
Company has a low return on equity of 3.93% over last 3 years.
Working capital days have increased from 312 days to 534 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: Finance Industry: Finance & Investments

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	0.71	0.43	1.44	0.95	0.80	0.61	1.27	0.90	2.21	2.10	-2.04	1.62	1.83
	0.28	0.06	1.56	0.81	0.49	-0.19	0.58	0.50	1.82	1.61	-2.45	0.99	0.60
Operating Profit	0.43	0.37	-0.12	0.14	0.31	0.80	0.69	0.40	0.39	0.49	0.41	0.63	1.23
OPM %	60.56%	86.05%	-8.33%	14.74%	38.75%	131.15%	54.33%	44.44%	17.65%	23.33%		38.89%	67.21%
	0.00	0.00	0.39	0.00	0.01	0.01	-0.01	0.00	0.00	0.00	0.81	0.00	0.01
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.17	0.09	0.11
Depreciation	0.05	0.05	0.01	0.02	0.05	0.04	0.05	0.03	-0.02	0.08	0.04	0.03	0.03
Profit before tax	0.38	0.32	0.26	0.12	0.27	0.77	0.63	0.37	0.41	0.41	1.01	0.51	1.10
Tax %	15.79%	12.50%	-3.85%	50.00%	29.63%	10.39%	14.29%	21.62%	14.63%	24.39%	19.80%	17.65%	30.91%
	0.32	0.28	0.27	0.06	0.18	0.69	0.54	0.29	0.35	0.31	0.81	0.42	0.75
EPS in Rs	0.03	0.03	0.03	0.01	0.02	0.07	0.04	0.01	0.02	0.03	0.05	0.04	0.02
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	1.60	1.85	2.07	5.23	4.84	8.01	3.82	2.47	3.74	3.63	3.69	3.51
	0.02	0.32	0.53	1.57	1.35	5.45	1.62	0.85	2.36	1.70	1.47	0.75
Operating Profit	1.58	1.53	1.54	3.66	3.49	2.56	2.20	1.62	1.38	1.93	2.22	2.76
OPM %	98.75%	82.70%	74.40%	69.98%	72.11%	31.96%	57.59%	65.59%	36.90%	53.17%	60.16%	78.63%
	0.00	0.05	0.03	0.08	0.00	0.04	0.00	0.01	0.00	0.01	0.28	0.82
Interest	0.62	0.64	0.73	0.69	0.26	0.01	0.00	0.00	0.00	0.00	0.18	0.37
Depreciation	0.11	0.12	0.08	0.09	0.06	0.06	0.11	0.19	0.15	0.16	0.13	0.18
Profit before tax	0.85	0.82	0.76	2.96	3.17	2.53	2.09	1.44	1.23	1.78	2.19	3.03
Tax %	34.12%	34.15%	26.32%	7.43%	4.73%	0.00%	-0.96%	25.69%	10.57%	17.42%	20.09%
	0.56	0.55	0.55	2.75	3.02	2.53	2.12	1.06	1.11	1.47	1.74	2.29
EPS in Rs	0.06	0.05	0.05	0.27	0.30	0.15	0.12	0.08	0.11	0.11	0.14	0.14
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	9%
5 Years:	-14%
3 Years:	14%
TTM:	-30%

Compounded Profit Growth
10 Years:	10%
5 Years:	-1%
3 Years:	21%
TTM:	4%

Stock Price CAGR
10 Years:	-30%
5 Years:	53%
3 Years:	4%
1 Year:	-14%

Return on Equity
10 Years:	5%
5 Years:	4%
3 Years:	4%
Last Year:	4%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	10.05	10.05	10.05	10.05	10.05	10.05	10.05	10.05	10.05	10.05	10.05	10.05
Reserves	11.39	11.92	12.45	14.05	15.81	16.19	17.44	19.49	20.39	21.53	22.96	29.77
	9.37	9.88	9.75	8.71	3.31	3.38	3.38	3.38	3.38	3.38	1.27	4.35
	3.16	3.05	3.24	4.28	5.41	7.52	9.51	7.66	7.84	8.05	8.23	0.77
Total Liabilities	33.97	34.90	35.49	37.09	34.58	37.14	40.38	40.58	41.66	43.01	42.51	44.94
	19.93	19.81	19.73	19.77	22.92	22.90	23.54	23.35	23.34	23.19	23.12	23.07
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.66	1.21	1.44	3.19	2.59	3.32	3.00	2.60	1.46	2.89	8.55	7.03
	13.38	13.88	14.32	14.13	9.07	10.92	13.84	14.63	16.86	16.93	10.84	14.84
Total Assets	33.97	34.90	35.49	37.09	34.58	37.14	40.38	40.58	41.66	43.01	42.51	44.94

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	8.65	-0.56	0.54	1.99	8.32	4.27	1.87	1.11	0.24	1.46	-1.53
	-1.00	-0.56	-0.23	-1.75	-2.61	-0.03	-0.75	0.00	-0.14	-0.01	-0.06
	-6.48	0.50	-0.12	-1.04	-5.40	-4.30	-1.70	-0.30	0.00	0.00	-0.79
Net Cash Flow	1.17	-0.62	0.19	-0.80	0.31	-0.07	-0.58	0.81	0.10	1.45	-2.38

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	4.56	0.00	1.76	51.64	70.89	111.64	270.41	212.79	81.00	43.24	0.00
Inventory Days				5,231.67		7.10			404.82
Days Payable				0.00		10.14			106.18
Cash Conversion Cycle	4.56	0.00	1.76	5,283.31	70.89	108.60	270.41	212.79	379.64	43.24	0.00
Working Capital Days	604.53	662.92	694.73	304.28	333.33	152.20	422.33	647.25	318.16	84.46	534.15
ROCE %		4.30%	4.29%	10.20%	9.68%	7.13%	5.50%	3.64%	3.02%	4.24%	5.57%

Shareholding Pattern

Numbers in percentages

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	25.56%	25.56%	25.56%	25.57%	25.57%	25.57%	25.57%	25.57%	25.57%	25.57%	25.57%	25.57%
	0.00%	0.00%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%
	74.44%	74.44%	74.39%	74.38%	74.38%	74.39%	74.40%	74.39%	74.38%	74.39%	74.39%	74.39%
No. of Shareholders	3,410	4,279	16,995	15,814	15,481	14,951	14,634	19,039	18,261	18,732	19,283	18,977

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	25.56%	25.56%	25.56%	25.56%	25.56%	25.56%	25.57%	25.57%	25.57%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.05%	0.05%	0.05%
	74.44%	74.44%	74.44%	74.44%	74.44%	74.44%	74.39%	74.39%	74.39%
No. of Shareholders	710	795	1,011	1,015	1,952	4,279	14,951	18,732	18,977

* 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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Sulabh Engineers & Services Ltd

Sulabh Engineers & Services Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

Annual reports