Sturdy Industries Ltd

Sturdy Industrie Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Sturdy Industries Ltd

₹ 0.38 -2.56%
23 Dec - close price
chemiplast.com BSE: 530611
About

Sturdy Industries Limited, incorporated in 1989, is involved in the business of manufacturing Irrigation systems, Power generation products, and I.T. Infrastructure products. The company caters to all over the country.[1]

Key Points

Products
AAC, AAAC & ACSR Conductors, ABC Cables, Aluminium Composite Panels under the brand SUNBOND. and it also manufactures Sprinkler & Drip Irrigation Systems, HDPE & PVC Pipes, Permanent Lubricant HDPE Ducts and Plastic Water Storage Tanks.[1]

Website BSE
  • Market Cap ₹ 5.75 Cr.
  • Current Price ₹ 0.38
  • High / Low ₹ 0.69 / 0.37
  • Stock P/E
  • Book Value ₹ -5.63
  • Dividend Yield 0.00 %
  • ROCE -10.9 %
  • ROE %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -71.6% over past five years.
  • Promoter holding is low: 12.1%
  • Contingent liabilities of Rs.12.6 Cr.
  • Company has high debtors of 20,032 days.
  • Promoter holding has decreased over last 3 years: -12.4%
  • Working capital days have increased from 9,628 days to 18,658 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: Non Ferrous Metals Industry: Aluminium and Aluminium Products

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Quarterly Results

Figures in Rs. Crores

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
3.17 4.85 2.54 1.53 2.43 0.28 0.10 0.58 0.01 0.01 0.10 0.23 0.00
4.07 5.12 3.49 7.06 3.98 1.16 1.62 2.55 0.84 5.71 0.33 3.00 0.24
Operating Profit -0.90 -0.27 -0.95 -5.53 -1.55 -0.88 -1.52 -1.97 -0.83 -5.70 -0.23 -2.77 -0.24
OPM % -28.39% -5.57% -37.40% -361.44% -63.79% -314.29% -1,520.00% -339.66% -8,300.00% -57,000.00% -230.00% -1,204.35%
0.04 5.86 -0.22 -0.04 0.04 0.05 0.08 2.14 0.00 0.00 0.00 0.05 0.00
Interest 0.05 -0.13 0.06 0.10 0.00 0.00 0.01 0.00 0.00 0.00 0.01 0.00 0.00
Depreciation 0.75 0.75 0.25 1.02 0.65 0.30 0.30 1.27 0.63 0.63 0.63 0.26 0.00
Profit before tax -1.66 4.97 -1.48 -6.69 -2.16 -1.13 -1.75 -1.10 -1.46 -6.33 -0.87 -2.98 -0.24
Tax % 0.00% 0.00% 0.00% -126.16% 0.00% 0.00% 0.00% -173.64% 0.00% 0.00% 0.00% -83.56% 0.00%
-1.66 4.97 -1.48 1.75 -2.16 -1.13 -1.75 0.81 -1.46 -6.33 -0.87 -0.49 -0.24
EPS in Rs -0.11 0.33 -0.10 0.12 -0.14 -0.07 -0.12 0.05 -0.10 -0.42 -0.06 -0.03 -0.02
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 TTM
834.86 841.20 430.45 423.50 398.51 203.98 185.03 121.24 50.91 12.09 3.39 0.34 0.34
814.06 839.37 428.52 412.58 395.21 241.77 190.03 233.28 63.17 22.28 9.32 9.90 9.28
Operating Profit 20.80 1.83 1.93 10.92 3.30 -37.79 -5.00 -112.04 -12.26 -10.19 -5.93 -9.56 -8.94
OPM % 2.49% 0.22% 0.45% 2.58% 0.83% -18.53% -2.70% -92.41% -24.08% -84.28% -174.93% -2,811.76% -2,629.41%
1.38 1.56 1.75 5.28 11.35 22.12 -6.04 -58.75 -11.22 8.33 2.31 0.05 0.05
Interest 12.98 18.48 19.96 24.49 10.51 3.46 5.97 9.34 13.35 0.23 0.00 0.00 0.01
Depreciation 4.96 4.99 9.65 8.77 6.86 6.02 3.25 3.33 3.03 2.77 2.51 2.16 1.52
Profit before tax 4.24 -20.08 -25.93 -17.06 -2.72 -25.15 -20.26 -183.46 -39.86 -4.86 -6.13 -11.67 -10.42
Tax % 63.44% 9.21% -20.52% -31.18% 44.49% -14.47% -9.82% -13.65% -26.44% -173.87% -31.16% -21.34%
1.55 -21.93 -20.62 -11.74 -3.93 -21.51 -18.26 -158.42 -29.32 3.59 -4.22 -9.18 -7.93
EPS in Rs 0.24 -3.41 -3.21 -1.83 -0.26 -1.42 -1.21 -10.47 -1.94 0.24 -0.28 -0.61 -0.53
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: -54%
5 Years: -72%
3 Years: -81%
TTM: -65%
Compounded Profit Growth
10 Years: 5%
5 Years: %
3 Years: 13%
TTM: -41%
Stock Price CAGR
10 Years: -13%
5 Years: 4%
3 Years: -1%
1 Year: -25%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

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 12.86 12.86 12.86 14.82 30.25 32.25 30.25 30.25 30.25 30.25 30.25 146.85
Reserves 55.42 33.45 12.51 10.44 8.46 -13.12 -31.17 -192.12 -221.52 -224.92 -230.27 -231.95
153.53 217.79 237.77 261.63 186.16 256.57 251.64 290.89 338.30 326.48 322.78 176.42
80.97 89.25 88.23 74.40 107.53 26.27 34.05 43.85 9.50 3.72 1.14 17.55
Total Liabilities 302.78 353.35 351.37 361.29 332.40 301.97 284.77 172.87 156.53 135.53 123.90 108.87
93.23 88.45 84.08 80.75 68.90 62.47 59.29 52.42 45.05 33.77 29.25 23.72
CWIP 0.92 0.92 0.92 0.92 1.00 1.07 1.64 1.64 1.64 1.64 1.64 1.64
Investments 0.17 0.17 0.17 0.51 0.31 0.31 0.31 0.31 0.31 0.31 0.31 0.31
208.46 263.81 266.20 279.11 262.19 238.12 223.53 118.50 109.53 99.81 92.70 83.20
Total Assets 302.78 353.35 351.37 361.29 332.40 301.97 284.77 172.87 156.53 135.53 123.90 108.87

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
19.69 2.12 -67.76 17.66 16.89 0.00 8.12 18.56 -35.29 4.54 -1.57 2.52
-18.39 -0.20 -5.65 13.98 7.09 0.00 -0.63 2.61 1.49 9.58 3.00 8.18
-3.35 1.43 68.28 -34.62 -23.50 0.00 -6.31 -22.79 34.06 -18.79 -3.71 -10.83
Net Cash Flow -2.05 3.35 -5.12 -2.97 0.48 0.00 1.19 -1.63 0.27 -4.67 -2.28 -0.13

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 45.48 68.42 150.55 137.31 161.24 310.37 282.01 164.02 278.82 958.54 3,211.78 20,032.06
Inventory Days 36.50 32.98 55.80 80.77 41.66 50.32 71.41 24.12 31.49 111.73 31.94 45.62
Days Payable 30.84 33.40 69.29 54.79 40.30 36.44 67.55 118.15 60.76 96.13 47.45 1,505.62
Cash Conversion Cycle 51.14 68.00 137.06 163.30 162.60 324.26 285.88 69.98 249.55 974.15 3,196.27 18,572.06
Working Capital Days 54.49 73.61 147.13 166.31 168.80 349.41 316.69 75.87 506.53 2,269.70 7,956.78 18,657.94
ROCE % 7.98% -0.66% -2.26% 2.70% 3.04% -8.67% 0.75% -47.31% -10.06% -8.84% -6.47% -10.90%

Shareholding Pattern

Numbers in percentages

1 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
24.54% 24.54% 24.54% 24.54% 24.54% 24.54% 24.53% 12.08% 12.08% 12.08% 12.08% 12.08%
25.00% 25.00% 25.00% 20.79% 10.85% 10.20% 7.27% 7.27% 7.27% 7.27% 7.27% 0.00%
50.46% 50.46% 50.47% 54.67% 64.61% 65.26% 68.20% 80.64% 80.64% 80.64% 80.65% 87.92%
No. of Shareholders 5,1775,1945,1776,6647,5347,48722,56528,36230,39730,61331,06131,309

* 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.

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