Sibar Auto Parts Ltd

Sibar Auto Parts Ltd

₹ 15.5 4.94%
04 Jul - close price
About

Incorporated in 1983, Sibar Auto Parts Ltd manufactures and sells automobile spare parts[1]

Key Points

Business Overview:[1][2]
Company is in technical collaboration with an Italian firm to refine its technology in Electroplating. It manufactures auto components viz Cylinder Heads, Crankcases for Three Wheelers, Aluminium parts for CAC tanks, Aluminium Parts in Electrical Segments such as Connectors, Core boxes etc. Company has given Nickel Silicon Coated Electro Plated Cylinder blocks for trials for 2 wheeler manufacturers

  • Market Cap 25.6 Cr.
  • Current Price 15.5
  • High / Low 15.5 / 7.25
  • Stock P/E
  • Book Value 5.88
  • Dividend Yield 0.00 %
  • ROCE -6.63 %
  • ROE -13.1 %
  • Face Value 10.0

Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 2.64 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of -8.01% over last 3 years.
  • Company's cost of borrowing seems high

* 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

Standalone Figures in Rs. Crores / View Consolidated

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
4.26 2.60 5.01 7.36 6.92 6.78 6.89 6.03 6.25 4.25 6.48 4.27 4.88
4.42 3.00 4.78 7.01 6.55 6.53 6.60 5.92 6.74 5.10 6.21 4.59 5.12
Operating Profit -0.16 -0.40 0.23 0.35 0.37 0.25 0.29 0.11 -0.49 -0.85 0.27 -0.32 -0.24
OPM % -3.76% -15.38% 4.59% 4.76% 5.35% 3.69% 4.21% 1.82% -7.84% -20.00% 4.17% -7.49% -4.92%
0.09 0.01 0.02 0.00 0.66 0.09 0.05 0.09 0.83 0.71 0.02 0.05 0.01
Interest 0.15 0.15 0.15 0.15 0.15 0.16 0.16 0.17 0.14 0.12 0.13 0.14 0.12
Depreciation 0.14 0.14 0.14 0.14 0.14 0.14 0.14 0.14 0.14 0.14 0.14 0.14 0.14
Profit before tax -0.36 -0.68 -0.04 0.06 0.74 0.04 0.04 -0.11 0.06 -0.40 0.02 -0.55 -0.49
Tax % 19.44% 0.00% 0.00% 0.00% -6.76% 0.00% 0.00% 0.00% -50.00% 0.00% 0.00% 0.00% 4.08%
-0.29 -0.68 -0.04 0.06 0.78 0.04 0.04 -0.11 0.09 -0.40 0.02 -0.55 -0.47
EPS in Rs -0.18 -0.41 -0.02 0.04 0.47 0.02 0.02 -0.07 0.05 -0.24 0.01 -0.33 -0.28
Raw PDF

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
10.97 12.21 16.21 15.94 19.32 23.09 27.22 20.17 11.72 21.87 25.89 19.88
10.77 11.74 15.79 15.48 18.96 23.86 29.98 21.99 12.91 21.32 25.71 20.97
Operating Profit 0.20 0.47 0.42 0.46 0.36 -0.77 -2.76 -1.82 -1.19 0.55 0.18 -1.09
OPM % 1.82% 3.85% 2.59% 2.89% 1.86% -3.33% -10.14% -9.02% -10.15% 2.51% 0.70% -5.48%
1.86 0.58 0.23 0.20 0.75 0.62 0.75 0.08 0.11 0.69 1.05 0.76
Interest 0.00 0.00 0.04 0.37 0.56 0.67 0.66 0.57 0.55 0.61 0.65 0.52
Depreciation 0.10 0.13 0.20 0.27 0.47 0.77 0.93 0.99 0.58 0.55 0.56 0.56
Profit before tax 1.96 0.92 0.41 0.02 0.08 -1.59 -3.60 -3.30 -2.21 0.08 0.02 -1.41
Tax % -1.02% 2.17% 39.02% 350.00% 75.00% -1.89% -0.28% -0.30% 3.17% -62.50% -150.00% 1.42%
1.97 0.90 0.25 -0.04 0.02 -1.62 -3.61 -3.31 -2.14 0.12 0.06 -1.39
EPS in Rs 3.56 1.63 0.26 -0.04 0.02 -1.44 -2.31 -2.00 -1.29 0.07 0.04 -0.84
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: 5%
5 Years: -6%
3 Years: 19%
TTM: -23%
Compounded Profit Growth
10 Years: %
5 Years: 10%
3 Years: 11%
TTM: -92%
Stock Price CAGR
10 Years: 10%
5 Years: -2%
3 Years: 26%
1 Year: 59%
Return on Equity
10 Years: -15%
5 Years: -14%
3 Years: -8%
Last Year: -13%

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
Equity Capital 5.54 5.54 9.54 9.54 9.54 11.28 15.60 16.53 16.53 16.53 16.53 16.53
Reserves -7.48 -6.57 -6.32 -6.37 -1.89 -1.14 -0.85 -3.47 -5.61 -5.49 -5.43 -6.82
6.65 5.78 2.36 4.82 7.36 6.79 3.97 3.63 4.58 5.14 3.90 1.25
2.44 3.90 3.82 3.45 5.04 7.94 6.31 3.68 4.89 8.02 8.29 12.34
Total Liabilities 7.15 8.65 9.40 11.44 20.05 24.87 25.03 20.37 20.39 24.20 23.29 23.30
1.90 2.10 3.13 4.34 10.34 12.70 12.42 12.26 11.83 11.52 11.26 10.92
CWIP 0.00 0.35 0.00 0.73 1.12 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.07 0.07 0.07 0.07 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
5.18 6.13 6.20 6.30 8.59 12.17 12.61 8.11 8.56 12.68 12.03 12.38
Total Assets 7.15 8.65 9.40 11.44 20.05 24.87 25.03 20.37 20.39 24.20 23.29 23.30

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
1.22 1.72 0.20 0.35 0.55 0.13 -5.27 0.50 -0.46 0.62 2.02 1.97
0.04 -0.65 -0.99 -2.23 -1.84 -2.01 -0.65 -0.82 -0.16 -0.24 -0.29 -0.22
-1.08 -0.91 0.69 1.65 1.39 3.27 4.57 0.46 0.35 -0.23 -1.89 -1.77
Net Cash Flow 0.18 0.16 -0.10 -0.22 0.10 1.39 -1.34 0.14 -0.27 0.15 -0.17 -0.02

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 83.51 97.75 82.64 86.33 88.79 82.36 57.53 43.61 127.69 130.51 65.13 86.84
Inventory Days 41.18 32.27 61.26 64.22 112.40 126.36 115.23 116.42 152.98 108.80 144.21 135.46
Days Payable 116.78 177.21 152.38 104.05 149.87 185.34 105.45 79.30 185.72 173.38 122.52 120.29
Cash Conversion Cycle 7.92 -47.19 -8.48 46.49 51.33 23.37 67.30 80.74 94.95 65.94 86.83 102.02
Working Capital Days 73.20 45.14 41.43 49.00 44.59 29.72 40.23 43.61 57.30 45.23 19.31 -11.38
ROCE % 2.61% 7.82% 5.03% 5.01% 5.57% -5.76% -16.49% -14.57% -10.31% 0.19% -0.64%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
49.12% 49.12% 49.12% 48.84% 48.46% 48.02% 48.02% 48.02% 48.02% 48.02% 48.02% 48.02%
50.88% 50.88% 50.88% 51.16% 51.54% 51.99% 51.99% 51.98% 51.98% 51.99% 51.98% 51.99%
No. of Shareholders 9,1459,2629,6309,90310,0429,9749,97810,09310,12110,23810,77510,945

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