Standard Surfactants Ltd

Standard Surfactants Ltd

₹ 56.9 -3.49%
22 Nov - close price
About

Incorporated in 1989, Standard Surfactants Ltd does manufacturing of Surface Active Agents and is a Consignment Stockiest of Indian Oil Corporation Limited

Key Points

Product Profile:[1][2]
Company is into manufacturing of Detergents and Surfactants and trading of high density Polyethylene, Linear Low Density Polyethylene (LDP), Polypropylene (PP), Paraffin wax and other petroleum products
a) LABSA 96%
b) Agdet 4060
c) Agdet 4061
d) Agdet 6041

  • Market Cap 47.0 Cr.
  • Current Price 56.9
  • High / Low 92.4 / 49.0
  • Stock P/E 121
  • Book Value 20.0
  • Dividend Yield 0.00 %
  • ROCE 8.14 %
  • ROE 6.12 %
  • Face Value 10.0

Pros

  • Debtor days have improved from 82.8 to 66.0 days.
  • Company's working capital requirements have reduced from 90.4 days to 65.3 days

Cons

  • Stock is trading at 2.84 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 5.18% over last 3 years.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.1.56 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.

Peer comparison

Sector: FMCG Industry: Detergents / Intermediates

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2016 Sep 2016 Dec 2016 Mar 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019
19.15 10.70 10.39 14.99 21.42 30.31 38.04 29.36 21.30 28.12 23.85 21.48 19.92
18.51 9.89 9.92 14.66 20.97 29.86 36.96 28.66 20.95 27.98 23.11 20.96 19.89
Operating Profit 0.64 0.81 0.47 0.33 0.45 0.45 1.08 0.70 0.35 0.14 0.74 0.52 0.03
OPM % 3.34% 7.57% 4.52% 2.20% 2.10% 1.48% 2.84% 2.38% 1.64% 0.50% 3.10% 2.42% 0.15%
0.00 0.00 0.17 0.30 0.07 0.15 0.16 0.21 0.31 0.16 0.35 0.34 0.71
Interest 0.33 0.36 0.39 0.54 0.35 0.01 0.45 0.35 0.49 0.14 0.51 0.54 0.49
Depreciation 0.15 0.16 0.17 0.03 0.11 0.13 0.12 0.11 0.11 0.11 0.11 0.11 0.10
Profit before tax 0.16 0.29 0.08 0.06 0.06 0.46 0.67 0.45 0.06 0.05 0.47 0.21 0.15
Tax % 0.00% 0.00% 0.00% 366.67% 33.33% -28.26% 26.87% 26.67% 33.33% 160.00% 29.79% -66.67% 26.67%
0.17 0.30 -0.07 -0.16 0.04 0.60 0.50 0.32 0.04 -0.03 0.34 0.35 0.11
EPS in Rs 0.24 0.42 -0.10 -0.22 0.06 0.84 0.70 0.45 0.06 -0.04 0.48 0.49 0.15
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
52.95 43.81 54.59 86.97 117.23 93.37
49.98 41.82 52.73 84.48 114.52 91.94
Operating Profit 2.97 1.99 1.86 2.49 2.71 1.43
OPM % 5.61% 4.54% 3.41% 2.86% 2.31% 1.53%
0.17 0.79 0.67 0.19 0.27 1.56
Interest 1.59 1.50 1.62 1.21 1.29 1.68
Depreciation 0.86 0.64 0.50 0.47 0.45 0.43
Profit before tax 0.69 0.64 0.41 1.00 1.24 0.88
Tax % 33.33% 32.81% 53.66% 3.00% 32.26%
0.47 0.44 0.19 0.97 0.83 0.77
EPS in Rs 0.66 0.62 0.27 1.36 1.16 1.08
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 39%
TTM: -22%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 25%
TTM: -73%
Stock Price CAGR
10 Years: %
5 Years: 41%
3 Years: -18%
1 Year: -6%
Return on Equity
10 Years: %
5 Years: %
3 Years: 5%
Last Year: 6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
Equity Capital 7.11 7.11 7.11 7.11 7.11
Reserves 5.02 5.46 5.40 6.36 7.19
7.95 10.19 15.05 17.00 17.88
7.86 5.86 4.11 7.58 8.63
Total Liabilities 27.94 28.62 31.67 38.05 40.81
8.43 7.55 6.92 6.71 6.65
CWIP 0.00 0.00 0.00 0.00 0.00
Investments 0.67 0.67 0.43 0.43 0.72
18.84 20.40 24.32 30.91 33.44
Total Assets 27.94 28.62 31.67 38.05 40.81

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
4.56 3.21 -0.02 0.00 0.00
-0.01 0.03 0.54 0.00 0.00
-3.73 -3.06 -0.77 0.00 0.00
Net Cash Flow 0.82 0.18 -0.25 0.00 0.00

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
Debtor Days 47.01 78.23 95.35 87.08 66.01
Inventory Days 22.50 35.32 19.23 20.66 17.22
Days Payable 16.34 27.26 4.25 24.69 22.53
Cash Conversion Cycle 53.17 86.29 110.33 83.05 60.70
Working Capital Days 69.90 109.72 118.41 87.38 65.29
ROCE % 9.99% 8.43% 7.62% 8.14%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
57.26% 57.26% 57.26% 57.26% 57.26% 60.14% 63.02% 63.02% 63.02% 62.89% 62.62% 62.50%
0.12% 0.12% 0.12% 0.12% 0.12% 0.11% 0.11% 0.11% 0.11% 0.11% 0.11% 0.11%
42.62% 42.62% 42.62% 42.61% 42.62% 39.74% 36.88% 36.87% 36.87% 37.01% 37.27% 37.39%
No. of Shareholders 15,52215,43215,36715,29615,18115,10415,03014,95614,79414,68114,72214,791

* 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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