Shilp Gravures Ltd

Shilp Gravures Ltd

₹ 171 -1.35%
21 Nov 4:00 p.m.
About

Incorporated in 1993, Shilp Gravures Ltd manufactures engraved copper rollers and does energy generation through wind mill[1]

Key Points

Business Overview:[1]
SGL has setup the first gravure roller manufacturing house in India. It is engaged in engraving of rollers using 3 different engraving technologies i.e. electronic, laser and chemical etching. The engraved rollers are used in printing and packaging industries

  • Market Cap 105 Cr.
  • Current Price 171
  • High / Low 208 / 128
  • Stock P/E 9.53
  • Book Value 168
  • Dividend Yield 1.23 %
  • ROCE 7.56 %
  • ROE 5.77 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 1.02 times its book value

Cons

  • The company has delivered a poor sales growth of 0.95% over past five years.
  • Company has a low return on equity of 7.29% over last 3 years.
  • Earnings include an other income of Rs.9.33 Cr.

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
17.60 15.93 17.47 19.84 19.90 17.92 19.30 18.54 21.18 17.98 20.00 20.84 21.58
14.69 13.48 13.89 17.23 15.01 15.09 16.46 15.83 17.78 15.74 17.98 17.74 19.20
Operating Profit 2.91 2.45 3.58 2.61 4.89 2.83 2.84 2.71 3.40 2.24 2.02 3.10 2.38
OPM % 16.53% 15.38% 20.49% 13.16% 24.57% 15.79% 14.72% 14.62% 16.05% 12.46% 10.10% 14.88% 11.03%
1.56 0.48 0.46 0.22 0.47 0.68 0.28 2.68 1.82 2.50 1.81 2.34 2.68
Interest 0.06 0.07 0.07 0.08 0.07 0.05 0.06 0.06 0.09 0.05 0.05 0.11 0.12
Depreciation 1.08 1.10 1.11 1.03 1.05 1.10 1.07 1.03 1.10 1.10 1.14 1.23 1.25
Profit before tax 3.33 1.76 2.86 1.72 4.24 2.36 1.99 4.30 4.03 3.59 2.64 4.10 3.69
Tax % 23.72% 1.14% 26.92% 52.91% 9.43% 33.90% 31.16% 13.49% 21.09% 16.99% 49.62% 6.83% 20.87%
2.55 1.74 2.10 0.81 3.84 1.56 1.37 3.72 3.18 2.98 1.32 3.82 2.92
EPS in Rs 4.15 2.83 3.41 1.32 6.24 2.54 2.23 6.05 5.17 4.85 2.15 6.21 4.75
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
57 54 60 64 65 69 74 66 63 68 77 78 80
41 39 46 49 49 54 59 54 51 56 64 67 71
Operating Profit 15 15 14 15 16 15 15 12 12 12 13 10 10
OPM % 27% 27% 23% 23% 24% 21% 21% 18% 19% 17% 17% 13% 12%
0 0 1 -2 1 1 2 -2 6 4 2 9 9
Interest 2 2 2 2 1 1 1 1 1 0 0 0 0
Depreciation 6 6 6 6 6 7 7 6 5 4 4 4 5
Profit before tax 8 6 6 5 10 8 9 3 13 11 10 15 14
Tax % 28% 33% 26% 43% 27% 17% 15% 56% 16% 22% 27% 23%
5 4 5 3 7 7 8 1 10 9 8 11 11
EPS in Rs 8.93 6.88 7.38 4.93 11.56 11.43 12.54 1.84 17.04 14.15 12.31 18.23 17.96
Dividend Payout % 17% 17% 16% 24% 13% 13% 32% 82% 11% 13% 17% 12%
Compounded Sales Growth
10 Years: 4%
5 Years: 1%
3 Years: 7%
TTM: 5%
Compounded Profit Growth
10 Years: 2%
5 Years: -6%
3 Years: -14%
TTM: 12%
Stock Price CAGR
10 Years: 14%
5 Years: 23%
3 Years: 19%
1 Year: -14%
Return on Equity
10 Years: 9%
5 Years: 8%
3 Years: 7%
Last Year: 6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 6 6 6 6 6 6 6 6 6 6 6 6 6
Reserves 32 36 39 41 48 54 58 57 68 75 82 92 97
17 19 15 11 8 11 13 16 3 3 2 3 4
14 14 14 15 14 15 13 12 11 11 13 13 18
Total Liabilities 69 74 75 73 76 85 90 91 88 96 102 114 125
42 49 46 44 41 44 43 43 39 44 41 46 45
CWIP 0 0 0 0 0 0 0 1 0 0 2 1 1
Investments 1 3 4 2 12 16 20 15 19 21 28 35 37
26 22 25 28 22 25 27 32 30 30 30 32 41
Total Assets 69 74 75 73 76 85 90 91 88 96 102 114 125

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
15 13 11 17 12 10 10 10 11 10 12 9
-12 -10 -5 -10 -8 -10 -9 -9 2 -9 -9 -7
-3 -3 -6 -7 -5 -0 -2 -1 -13 -1 -3 0
Net Cash Flow -0 0 -0 0 -0 -0 -0 -0 0 -0 0 2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 80 85 85 74 71 82 78 82 83 72 68 62
Inventory Days 97 111 141 109 116 130 144 178 140 126 102 100
Days Payable 111 115 140 152 147 156 134 160 111 101 85 87
Cash Conversion Cycle 66 81 87 31 40 56 88 100 112 97 85 75
Working Capital Days 58 61 67 56 56 54 62 67 82 79 69 68
ROCE % 18% 15% 14% 16% 17% 14% 13% 8% 14% 10% 11% 8%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
60.81% 60.82% 60.82% 60.82% 60.82% 60.82% 60.82% 60.82% 60.82% 60.82% 60.82% 60.82%
39.19% 39.18% 39.18% 39.18% 39.19% 39.19% 39.18% 39.18% 39.17% 39.18% 39.17% 39.19%
No. of Shareholders 5,5405,4535,4575,3835,2405,1375,1896,2166,1976,2246,4996,586

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