Splendid Metal Products Ltd

Splendid Metal Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Splendid Metal Products Ltd

₹ 0.50 11.11%
18 Jun 2021
sujana.com BSE: 513414 NSE: SMPL
About

Splendid Metal Products Ltd is part of the Sujana group and was established in May 1988. It is engaged in trading of steel products and manufacturing of TMT bars & structural steel products.[1]

Key Points

Company History
The company made a public issue for Rs.2.92 crores to finance the expansion program of ingot. The company increased the installed capacity by 16400 TPA and the expansion was completed in 1992. The co. further modernized its Re-rolling Mills by increasing its manufacturing capacity to 110000 TPA at a cost of Rs 36 Cr. [1]

Website BSE NSE - BZ
  • Market Cap ₹ 15.0 Cr.
  • Current Price ₹ 0.50
  • High / Low ₹ /
  • Stock P/E
  • Book Value ₹ -40.6
  • Dividend Yield 0.00 %
  • ROCE -3.12 %
  • ROE %
  • Face Value ₹ 5.00
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Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -66.0% over past five years.
  • Company has high debtors of 9,686 days.
  • Working capital days have increased from 4,974 days to 9,670 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: Steel Industry: Steel - Medium / Small

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
117.35 130.44 114.65 95.74 13.81 5.90 4.82 6.85 1.71 5.44 4.11 4.45 4.25
322.44 415.00 160.92 416.05 30.07 10.27 4.12 4.65 4.16 7.96 6.10 6.63 5.85
Operating Profit -205.09 -284.56 -46.27 -320.31 -16.26 -4.37 0.70 2.20 -2.45 -2.52 -1.99 -2.18 -1.60
OPM % -174.77% -218.15% -40.36% -334.56% -117.74% -74.07% 14.52% 32.12% -143.27% -46.32% -48.42% -48.99% -37.65%
8.02 8.47 -15.76 -0.20 0.06 0.10 0.12 0.78 -1.02 0.01 0.37 0.14 0.04
Interest 0.06 0.45 0.84 0.45 0.00 0.01 0.01 0.02 0.00 0.01 0.01 0.00 0.00
Depreciation 7.86 7.89 7.83 7.80 16.44 7.58 7.48 7.47 7.43 7.41 7.36 7.30 7.30
Profit before tax -204.99 -284.43 -70.70 -328.76 -32.64 -11.86 -6.67 -4.51 -10.90 -9.93 -8.99 -9.34 -8.86
Tax % -23.00% -31.34% 26.93% -24.98% -15.93% -55.48% -152.32% -16.63% 55.05% -8.26% -9.01% -8.46% -11.29%
-157.84 -195.31 -89.74 -246.64 -27.44 -5.28 3.49 -3.76 -16.90 -9.11 -8.18 -8.56 -7.86
EPS in Rs -5.24 -6.49 -2.98 -8.19 -0.91 -0.18 0.12 -0.12 -0.56 -0.30 -0.27 -0.28 -0.26
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Sep 2009 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
1,930 4,252 3,537 3,649 2,844 3,451 3,482 1,299 515 458 31 16 18
1,784 3,930 3,316 3,463 2,686 3,201 3,366 1,437 1,239 1,256 49 25 27
Operating Profit 146 321 221 186 158 250 116 -137 -724 -798 -18 -9 -8
OPM % 8% 8% 6% 5% 6% 7% 3% -11% -141% -174% -57% -58% -45%
8 9 23 15 21 10 4 0 -58 -57 1 -0 1
Interest 89 194 172 181 173 216 227 262 2 2 0 0 0
Depreciation 28 71 47 41 38 39 35 34 33 31 39 30 29
Profit before tax 38 65 25 -20 -31 5 -142 -432 -817 -889 -56 -39 -37
Tax % 33% 41% 18% -1% 22% 83% -26% -21% -10% -22% -22% 9%
25 39 21 -20 -38 1 -105 -342 -732 -690 -43 -43 -34
EPS in Rs 3.63 1.97 1.06 -1.03 -1.94 0.05 -3.49 -11.35 -24.32 -22.91 -1.44 -1.42 -1.11
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -43%
5 Years: -66%
3 Years: -69%
TTM: -5%
Compounded Profit Growth
10 Years: %
5 Years: 10%
3 Years: 25%
TTM: -58%
Stock Price CAGR
10 Years: -18%
5 Years: 27%
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Sep 2009 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Equity Capital 35 98 98 98 98 101 151 151 151 151 151 151
Reserves 329 591 639 619 580 581 477 135 -596 -1,285 -1,329 -1,371
684 1,017 945 1,333 1,646 1,662 2,190 2,437 2,440 2,430 2,429 2,434
477 521 726 412 627 758 228 179 190 78 78 82
Total Liabilities 1,525 2,226 2,409 2,462 2,952 3,102 3,045 2,902 2,185 1,373 1,329 1,294
355 432 485 470 515 494 458 424 426 395 356 326
CWIP 114 8 62 55 77 88 102 102 68 59 59 59
Investments 7 8 142 142 142 148 148 148 88 51 51 51
1,048 1,779 1,719 1,795 2,218 2,372 2,338 2,228 1,602 868 863 858
Total Assets 1,525 2,226 2,409 2,462 2,952 3,102 3,045 2,902 2,185 1,373 1,329 1,294

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Sep 2009 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
-71 87 271 -277 -118 244 -345 12 -3 -10 -2 -6
-100 -411 -16 -24 -30 3 8 7 1 6 3 0
185 341 -266 291 147 -247 337 -16 0 3 -1 5
Net Cash Flow 14 16 -11 -10 -2 0 0 2 -2 -1 -0 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Sep 2009 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 110 74 111 133 214 181 164 417 867 336 4,871 9,686
Inventory Days 50 10 19 17 40 35 40 68 30 21 275 1,221
Days Payable 80 39 52 29 64 73 15 33 76 23 467 2,169
Cash Conversion Cycle 80 45 78 121 190 142 190 452 821 334 4,679 8,737
Working Capital Days 110 71 95 134 206 174 221 550 882 346 4,905 9,670
ROCE % 13% 19% 12% 9% 6% 9% 3% -6% -32% -50% -4% -3%

Shareholding Pattern

Numbers in percentages

Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020
57.57% 57.57% 57.57% 57.57% 57.57% 57.57% 57.57% 57.57% 57.57% 57.57% 57.57% 57.57%
4.57% 4.57% 4.57% 4.57% 4.57% 4.57% 4.57% 4.57% 4.57% 4.57% 4.57% 4.57%
37.85% 37.85% 37.85% 37.85% 37.85% 37.85% 37.85% 37.85% 37.85% 37.85% 37.85% 37.85%
No. of Shareholders 29,24529,15229,08129,03228,23928,16828,85528,85528,82428,78828,73328,564

* 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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