Samkrg Pistons & Rings Ltd

Samkrg Pistons & Rings Ltd

₹ 223 -1.04%
04 Jul - close price
About

Incorporated in 1985, Samkrg Pistons and
Rings Ltd does manufacturing of automobile components[1]

Key Points

Business Segments:[1]
a) Company caters to 2-wheeler segment with limited presence in four wheelers
b) In the OEM segment, company has business relationships with established two-wheeler manufacturers and caters to their piston requirements
c) In the replacement market, company operates through a network of dealers and distributors across India

  • Market Cap 219 Cr.
  • Current Price 223
  • High / Low 246 / 133
  • Stock P/E 17.4
  • Book Value 193
  • Dividend Yield 1.12 %
  • ROCE 9.33 %
  • ROE 6.82 %
  • Face Value 10.0

Pros

  • Stock is trading at 1.15 times its book value

Cons

  • The company has delivered a poor sales growth of -2.70% over past five years.
  • Company has a low return on equity of 7.73% over last 3 years.
  • Dividend payout has been low at 11.5% of profits over last 3 years

* 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: Auto Ancillaries Industry: Auto Ancillaries

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Quarterly Results

Figures in Rs. Crores

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
71.71 52.42 71.64 59.35 53.25 58.60 67.90 56.13 53.49 54.47 64.80 60.49 65.58
59.04 51.02 60.08 50.24 43.50 51.48 58.11 47.64 44.88 49.45 58.87 51.45 54.13
Operating Profit 12.67 1.40 11.56 9.11 9.75 7.12 9.79 8.49 8.61 5.02 5.93 9.04 11.45
OPM % 17.67% 2.67% 16.14% 15.35% 18.31% 12.15% 14.42% 15.13% 16.10% 9.22% 9.15% 14.94% 17.46%
0.57 0.49 0.72 0.32 0.30 0.18 0.35 0.38 0.92 0.21 0.61 0.44 0.26
Interest 0.35 0.16 0.33 0.51 0.52 0.52 0.72 0.55 1.62 0.80 1.24 0.82 0.93
Depreciation 3.73 2.75 3.00 3.55 3.62 2.75 3.00 3.40 4.10 3.00 3.64 2.74 3.53
Profit before tax 9.16 -1.02 8.95 5.37 5.91 4.03 6.42 4.92 3.81 1.43 1.66 5.92 7.25
Tax % 24.67% 0.00% 22.35% 18.62% 39.59% 24.81% 15.58% 24.39% 34.12% 20.98% 21.08% 22.80% 22.76%
6.90 -1.02 6.95 4.37 3.58 3.03 5.42 3.72 2.51 1.13 1.31 4.57 5.60
EPS in Rs 7.03 -1.04 7.08 4.45 3.65 3.09 5.52 3.79 2.56 1.15 1.33 4.65 5.70
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
170 201 228 240 230 261 283 231 222 235 234 247
139 171 194 205 189 220 240 193 186 202 200 215
Operating Profit 30 30 34 35 40 42 43 38 36 33 35 31
OPM % 18% 15% 15% 15% 18% 16% 15% 17% 16% 14% 15% 13%
0 1 0 0 1 2 2 1 1 1 1 2
Interest 8 5 5 2 2 1 1 1 1 2 3 4
Depreciation 10 10 12 12 13 13 12 13 13 13 13 13
Profit before tax 13 16 18 22 27 29 32 26 23 19 19 16
Tax % 32% 31% 31% 30% 27% 31% 34% 24% 26% 28% 23% 22%
9 11 12 16 19 20 21 20 17 14 15 13
EPS in Rs 8.83 10.95 12.55 15.99 19.82 20.52 21.42 19.96 17.64 14.13 14.95 12.84
Dividend Payout % 28% 23% 24% 25% 23% 24% 23% 25% 28% 18% 17% 0%
Compounded Sales Growth
10 Years: 2%
5 Years: -3%
3 Years: 4%
TTM: 5%
Compounded Profit Growth
10 Years: 2%
5 Years: -10%
3 Years: -10%
TTM: -14%
Stock Price CAGR
10 Years: 8%
5 Years: 11%
3 Years: 1%
1 Year: 55%
Return on Equity
10 Years: 12%
5 Years: 9%
3 Years: 8%
Last Year: 7%

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
Equity Capital 10 10 10 10 10 10 10 10 10 10 10 10
Reserves 58 66 75 82 101 116 131 139 156 165 170 180
41 36 17 17 17 18 22 18 7 21 19 41
52 47 50 60 58 53 47 45 41 28 36 31
Total Liabilities 160 158 152 170 186 197 211 212 213 223 235 262
100 100 101 106 122 134 144 141 137 131 127 142
CWIP 4 0 0 0 0 0 0 0 0 4 5 5
Investments 0 0 0 0 0 0 0 0 0 0 0 0
57 58 51 64 64 62 67 71 77 88 103 115
Total Assets 160 158 152 170 186 197 211 212 213 223 235 262

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
18 17 32 25 33 27 27 24 20 1 12 21
-18 -7 -27 -17 -29 -25 -21 -10 -9 -11 -11 28
-1 -8 -7 -8 -0 -4 -7 -15 -11 10 -2 8
Net Cash Flow -2 2 -2 0 4 -3 -1 -0 0 -0 -0 56

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 68 58 50 59 62 54 54 61 78 71 83 102
Inventory Days 88 62 44 55 59 50 45 88 118
Days Payable 86 53 55 57 70 48 39 59 40
Cash Conversion Cycle 70 67 39 58 50 55 61 90 78 71 83 180
Working Capital Days 40 44 26 26 24 30 33 50 67 102 122 123
ROCE % 19% 18% 21% 23% 24% 23% 22% 16% 14% 11% 11%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
66.88% 66.88% 66.88% 66.88% 66.88% 66.88% 66.88% 66.88% 66.88% 66.88% 66.88% 66.88%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
33.11% 33.11% 33.11% 33.11% 33.11% 33.10% 33.11% 33.12% 33.11% 33.11% 33.13% 33.12%
No. of Shareholders 11,01812,73911,93211,84411,61111,48011,33111,23811,00010,79510,53510,960

* 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.

Click on the line-items to see the names of individual entities.

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