Solitaire Machine Tools Ltd

Solitaire Mach. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Solitaire Machine Tools Ltd

₹ 97.6 2.48%
22 Nov - close price
smtgrinders.com BSE: 522152
About

Incorporated in 1987, Solitaire Machine Tools Ltd manufactures and rebuilds Precision Centerless Grinders.

Key Points

Product Profile:
a) Precision Centerless Grinder[1]
b) CNC Products[2]

Website BSE
  • Market Cap ₹ 44.3 Cr.
  • Current Price ₹ 97.6
  • High / Low ₹ 123 / 60.1
  • Stock P/E 22.6
  • Book Value ₹ 39.9
  • Dividend Yield 1.79 %
  • ROCE 13.2 %
  • ROE 9.93 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company has been maintaining a healthy dividend payout of 46.0%
  • Company's working capital requirements have reduced from 115 days to 80.3 days

Cons

  • The company has delivered a poor sales growth of 5.98% over past five years.
  • Company has a low return on equity of 8.49% over last 3 years.
  • Company might be capitalizing the interest cost
  • Debtor days have increased from 75.5 to 105 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: Capital Goods-Non Electrical Equipment Industry: Engineering

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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
4.01 4.02 4.34 3.64 3.64 3.24 8.14 1.95 6.69 5.61 6.62 4.86 3.79
3.16 3.48 3.81 3.17 3.07 2.74 7.29 1.37 6.04 5.08 5.75 4.23 3.18
Operating Profit 0.85 0.54 0.53 0.47 0.57 0.50 0.85 0.58 0.65 0.53 0.87 0.63 0.61
OPM % 21.20% 13.43% 12.21% 12.91% 15.66% 15.43% 10.44% 29.74% 9.72% 9.45% 13.14% 12.96% 16.09%
0.08 0.00 0.03 0.06 0.09 0.08 0.11 0.09 0.06 0.17 0.11 0.09 0.17
Interest 0.03 0.00 0.06 0.01 0.02 0.02 0.02 0.01 0.02 0.01 0.01 0.00 0.00
Depreciation 0.14 0.14 0.14 0.14 0.14 0.14 0.15 0.15 0.16 0.16 0.08 0.15 0.15
Profit before tax 0.76 0.40 0.36 0.38 0.50 0.42 0.79 0.51 0.53 0.53 0.89 0.57 0.63
Tax % 21.05% 27.50% 19.44% 28.95% 22.00% 30.95% 18.99% 25.49% 24.53% 30.19% 24.72% 26.32% 20.63%
0.59 0.28 0.28 0.27 0.39 0.29 0.64 0.38 0.40 0.36 0.67 0.43 0.50
EPS in Rs 1.30 0.62 0.62 0.59 0.86 0.64 1.41 0.84 0.88 0.79 1.48 0.95 1.10
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 TTM
10.36 9.23 10.79 15.66 18.34 16.37 15.60 12.26 17.16 13.58 18.67 20.86 20.88
8.37 8.08 8.68 13.40 14.79 13.33 12.76 10.27 15.56 11.95 16.17 18.17 18.24
Operating Profit 1.99 1.15 2.11 2.26 3.55 3.04 2.84 1.99 1.60 1.63 2.50 2.69 2.64
OPM % 19.21% 12.46% 19.56% 14.43% 19.36% 18.57% 18.21% 16.23% 9.32% 12.00% 13.39% 12.90% 12.64%
0.15 0.17 0.07 0.26 0.32 0.42 0.29 0.33 0.86 0.49 0.32 0.43 0.54
Interest 0.07 0.07 0.13 0.09 0.05 0.07 0.07 0.10 0.14 0.14 0.15 0.10 0.02
Depreciation 0.65 0.66 1.01 0.73 0.76 0.91 0.98 1.19 0.65 0.57 0.56 0.56 0.54
Profit before tax 1.42 0.59 1.04 1.70 3.06 2.48 2.08 1.03 1.67 1.41 2.11 2.46 2.62
Tax % 38.03% 35.59% 40.38% 35.88% 37.58% 22.98% 37.50% 35.92% 14.97% 24.82% 24.17% 26.83%
0.88 0.37 0.63 1.09 1.92 1.91 1.30 0.66 1.42 1.06 1.60 1.80 1.96
EPS in Rs 1.94 0.81 1.39 2.40 4.23 4.21 2.86 1.45 3.13 2.33 3.52 3.96 4.32
Dividend Payout % 38.69% 61.35% 54.05% 41.65% 29.56% 26.15% 38.42% 51.59% 31.97% 51.40% 42.56% 44.14%
Compounded Sales Growth
10 Years: 9%
5 Years: 6%
3 Years: 7%
TTM: 4%
Compounded Profit Growth
10 Years: 16%
5 Years: 6%
3 Years: 7%
TTM: 15%
Stock Price CAGR
10 Years: 20%
5 Years: 31%
3 Years: 44%
1 Year: 42%
Return on Equity
10 Years: 10%
5 Years: 8%
3 Years: 8%
Last Year: 10%

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 4.54 4.54 4.54 4.54 4.54 4.54 4.54 4.54 4.54 4.54 4.54 4.54 4.54
Reserves 5.81 5.92 5.82 6.36 7.77 9.01 9.69 9.68 10.73 11.37 12.48 13.50 13.59
0.44 1.26 1.08 0.08 0.00 0.00 0.00 0.00 0.03 0.47 0.53 2.03 4.07
3.26 5.10 5.42 5.08 5.02 5.17 5.35 6.13 4.92 3.62 4.05 7.63 5.17
Total Liabilities 14.05 16.82 16.86 16.06 17.33 18.72 19.58 20.35 20.22 20.00 21.60 27.70 27.37
7.66 7.12 6.37 5.93 7.15 6.47 5.93 6.49 6.71 6.41 6.24 6.48 6.27
CWIP 0.00 0.44 0.00 1.10 0.00 0.20 0.00 0.00 0.00 0.04 1.72 5.72 7.05
Investments 0.54 0.54 0.54 0.54 0.16 1.17 2.42 2.26 2.18 1.30 0.59 0.78 0.90
5.85 8.72 9.95 8.49 10.02 10.88 11.23 11.60 11.33 12.25 13.05 14.72 13.15
Total Assets 14.05 16.82 16.86 16.06 17.33 18.72 19.58 20.35 20.22 20.00 21.60 27.70 27.37

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
-0.56 1.06 -0.19 3.25 1.84 2.03 1.15 0.99 2.37 -0.71 2.40 2.56
0.03 -0.39 0.02 -1.23 -0.72 -1.28 -1.38 -0.53 -2.39 0.39 -1.62 -3.25
-0.65 0.37 -0.54 -1.43 -0.63 -0.71 -0.62 -0.62 -0.34 0.02 -0.59 0.78
Net Cash Flow -1.18 1.04 -0.71 0.59 0.49 0.04 -0.86 -0.16 -0.36 -0.30 0.19 0.08

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 35.94 47.45 51.08 47.55 62.09 60.65 53.58 16.67 64.24 43.27 78.20 104.99
Inventory Days 228.23 346.06 499.06 141.41 151.56 239.15 343.50 742.53 166.57 381.62 214.57 182.33
Days Payable 83.07 117.94 91.68 46.30 72.67 102.70 96.22 87.73 37.75 100.27 59.08 52.57
Cash Conversion Cycle 181.10 275.58 458.46 142.66 140.99 197.10 300.86 671.48 193.06 324.62 233.68 234.75
Working Capital Days 56.72 57.34 97.09 31.23 55.13 74.03 99.67 174.76 100.40 146.22 119.26 80.31
ROCE % 14.26% 6.22% 10.79% 15.88% 26.71% 19.41% 15.41% 7.94% 12.26% 8.46% 13.09% 13.18%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
45.14% 45.16% 45.17% 45.18% 45.18% 45.22% 45.25% 45.26% 45.25% 45.25% 45.25% 45.25%
4.12% 4.12% 4.12% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
50.74% 50.72% 50.71% 54.82% 54.82% 54.77% 54.74% 54.73% 54.75% 54.74% 54.75% 54.75%
No. of Shareholders 3,7753,9703,8913,9853,9723,9384,1164,0144,0594,0284,5154,415

* 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.

Documents

Announcements

Annual reports