Smiths & Founders (India) Ltd

Smiths & Founder Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Smiths & Founders (India) Ltd

₹ 9.09 4.72%
22 Nov 9:56 a.m.
smithsandfoundersindia.com BSE: 513418
About

Incorporated in 1990, Smiths & Founders (India) Ltd manufactures Small, Precision and Intricate Steel Forgings

Key Points

Product Profile:[1]
a) Automobile Components: Rocker Arms, Connecting Rods, Tie Rod Ends Yokes, Spiders, Clutch Hubs, Clutch Release Levers, Clevis, Clutch Plates, Pressure Plates
b) General Engineering: Gear Blanks, Wheel Dressers, Insulator Pins, Insulator Hooks, Tool Holders, Shackles, Rotating Eyes, Chain Links and similar products. Hydraulic Forgings - Valve Bodies, Rod Eye Ends, Elbows, Ports, etc.
c) Mining Tools: Coal Augurs, Rotary Drill Bits, Mining Picks, Bit Holders, Pick Holders, etc.
d) Agricultural Implements: Rotary Tines (Wet & Dry), Rotovator Shovels, Cultivator Blades, etc.

Website BSE
  • Market Cap ₹ 92.7 Cr.
  • Current Price ₹ 9.09
  • High / Low ₹ 9.11 / 3.76
  • Stock P/E 89.1
  • Book Value ₹ 1.92
  • Dividend Yield 0.00 %
  • ROCE 4.06 %
  • ROE 3.17 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Stock is trading at 4.52 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 2.79% over past five years.
  • Promoter holding is low: 28.7%
  • Company has a low return on equity of 6.59% over last 3 years.
  • Debtor days have increased from 39.3 to 56.4 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: Castings, Forgings & Fastners Industry: Castings & Forgings

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Quarterly Results

Figures in Rs. Crores

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
3.31 2.44 2.71 2.38 2.71 2.66 2.72 3.24 2.36 2.94 3.13 3.11 3.63
2.73 1.98 2.36 2.17 2.51 2.46 2.53 2.95 2.20 2.73 2.75 2.72 3.19
Operating Profit 0.58 0.46 0.35 0.21 0.20 0.20 0.19 0.29 0.16 0.21 0.38 0.39 0.44
OPM % 17.52% 18.85% 12.92% 8.82% 7.38% 7.52% 6.99% 8.95% 6.78% 7.14% 12.14% 12.54% 12.12%
0.01 0.23 0.02 0.01 0.00 0.00 0.00 0.01 0.05 0.02 0.02 0.03 0.02
Interest 0.08 0.07 0.09 0.06 0.06 0.07 0.13 0.06 0.06 0.07 0.07 0.05 0.04
Depreciation 0.06 0.06 0.06 0.06 0.06 0.06 0.06 0.06 0.06 0.06 0.06 0.06 0.06
Profit before tax 0.45 0.56 0.22 0.10 0.08 0.07 0.00 0.18 0.09 0.10 0.27 0.31 0.36
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.45 0.56 0.22 0.10 0.08 0.07 0.00 0.18 0.08 0.10 0.27 0.31 0.36
EPS in Rs 0.04 0.05 0.02 0.01 0.01 0.01 0.00 0.02 0.01 0.01 0.03 0.03 0.04
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
0.00 6.69 6.54 7.82 7.53 8.83 10.16 8.08 8.82 11.03 10.46 11.66 12.81
0.14 7.02 7.15 8.73 8.01 8.40 10.67 8.45 7.90 9.26 9.66 10.63 11.39
Operating Profit -0.14 -0.33 -0.61 -0.91 -0.48 0.43 -0.51 -0.37 0.92 1.77 0.80 1.03 1.42
OPM % -4.93% -9.33% -11.64% -6.37% 4.87% -5.02% -4.58% 10.43% 16.05% 7.65% 8.83% 11.09%
0.04 0.18 0.09 0.86 0.68 0.01 0.04 0.03 0.44 0.27 0.01 0.11 0.09
Interest 0.00 0.65 0.89 0.98 0.19 0.26 0.29 0.40 0.43 0.35 0.32 0.26 0.23
Depreciation 0.20 0.36 0.39 0.35 0.24 0.26 0.29 0.32 0.25 0.24 0.24 0.24 0.24
Profit before tax -0.30 -1.16 -1.80 -1.38 -0.23 -0.08 -1.05 -1.06 0.68 1.45 0.25 0.64 1.04
Tax % 0.00% -19.83% 0.00% 10.14% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-0.29 -0.93 -1.81 -1.52 -0.23 -0.08 -1.05 -1.06 0.68 1.45 0.24 0.63 1.04
EPS in Rs -0.07 -0.22 -0.18 -0.15 -0.02 -0.01 -0.10 -0.10 0.07 0.14 0.02 0.06 0.11
Dividend Payout % 0.00% 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: 6%
5 Years: 3%
3 Years: 10%
TTM: 17%
Compounded Profit Growth
10 Years: 10%
5 Years: 21%
3 Years: -5%
TTM: 215%
Stock Price CAGR
10 Years: %
5 Years: 97%
3 Years: 32%
1 Year: 115%
Return on Equity
10 Years: -6%
5 Years: 5%
3 Years: 7%
Last Year: 3%

Balance Sheet

Figures in Rs. Crores

Mar 2013 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 4.32 0.43 10.20 10.20 10.20 10.20 10.20 10.20 10.20 10.20 10.20 10.20 10.20
Reserves -6.22 7.40 2.60 -4.39 -5.04 -5.12 -6.23 -7.28 -6.65 -5.29 8.07 8.74 9.37
0.00 5.83 7.97 1.86 2.26 2.20 3.87 4.74 4.75 2.82 2.91 2.25 1.26
3.29 1.53 1.53 2.28 1.13 2.00 1.56 1.56 1.42 1.35 1.64 1.75 1.97
Total Liabilities 1.39 15.19 22.30 9.95 8.55 9.28 9.40 9.22 9.72 9.08 22.82 22.94 22.80
1.18 11.03 19.36 7.29 5.85 5.87 6.28 6.17 5.81 5.67 18.76 18.85 18.76
CWIP 0.03 1.85 0.00 0.05 0.00 0.03 0.06 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.18 2.31 2.94 2.61 2.70 3.38 3.06 3.05 3.91 3.41 4.06 4.09 4.04
Total Assets 1.39 15.19 22.30 9.95 8.55 9.28 9.40 9.22 9.72 9.08 22.82 22.94 22.80

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0.02 0.80 -0.98 0.31 -1.80 -0.18 -0.27 -0.40 -0.04 2.28 0.38 1.17
-0.02 -0.31 0.05 7.05 1.64 -0.34 -0.75 -0.16 0.47 0.08 -0.21 -0.27
0.00 -0.45 0.89 -7.08 0.22 -0.30 -0.41 0.60 -0.33 -0.51 -0.22 -0.92
Net Cash Flow 0.00 0.04 -0.03 0.28 0.05 -0.81 -1.43 0.03 0.10 1.85 -0.05 -0.02

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 24.55 59.72 45.74 55.26 40.92 33.77 44.72 67.45 21.18 40.48 56.35
Inventory Days 159.98 173.41 93.15 118.19 232.27 129.47 182.50 203.14 216.98 213.54 135.75
Days Payable 104.29 100.65 131.17 31.29 93.62 13.26 21.73 11.95 10.11 13.24 6.23
Cash Conversion Cycle 80.25 132.47 7.72 142.16 179.58 149.98 205.50 258.65 228.04 240.77 185.86
Working Capital Days 24.55 65.30 4.67 70.29 59.52 58.92 81.76 123.32 85.05 107.48 97.67
ROCE % -8.67% -5.34% -8.65% -9.15% 2.45% -10.19% -8.52% 13.91% 22.33% 3.94% 4.06%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
28.69% 28.69% 28.69% 28.69% 28.69% 28.69% 28.69% 28.69% 28.69% 28.69% 28.69% 28.69%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
71.31% 71.31% 71.31% 71.30% 71.31% 71.31% 71.31% 71.30% 71.30% 71.30% 71.31% 71.31%
No. of Shareholders 12,99614,24615,39315,33816,96816,78916,60816,65916,75117,10417,60517,663

* 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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