Star Delta Transformers Ltd

Star Delta Transformers Ltd

₹ 840 -2.91%
22 Nov - close price
About

Incorporated in 1980, Star Delta Transformers Ltd is a manufacturer and distributor of power transformers[1]

Key Points

Business Overview:[1]
SDTL is an ISO 9001-2008 certified
multi product and service organization
which does manufacturing, supplying,
erecting, testing and commissioning of
Power and Distribution transformers
along with special purpose transformers.
It also specializes in Special/Custom type transformers like Auto, Converter, Earthing, Furnace, Generator, Instrument, Rectifier, Traction and other custom built Transformers. Company’s products are manufactured in accordance with IEC–76, BS-171 & IS-2026, transformer up to 16MVA was type tested at CPRI

  • Market Cap 252 Cr.
  • Current Price 840
  • High / Low 1,375 / 510
  • Stock P/E 25.3
  • Book Value 264
  • Dividend Yield 0.00 %
  • ROCE 23.2 %
  • ROE 16.3 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Debtor days have improved from 125 to 88.4 days.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 11.2% over last 3 years.
  • Contingent liabilities of Rs.353 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.

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Quarterly Results

Figures in Rs. Crores

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
5.51 11.35 10.69 4.58 4.86 21.76 40.15 29.70 37.01 35.16 38.28 34.64 36.83
5.28 10.55 10.14 4.70 5.10 20.19 35.88 27.27 32.85 31.59 35.32 31.20 33.42
Operating Profit 0.23 0.80 0.55 -0.12 -0.24 1.57 4.27 2.43 4.16 3.57 2.96 3.44 3.41
OPM % 4.17% 7.05% 5.14% -2.62% -4.94% 7.22% 10.64% 8.18% 11.24% 10.15% 7.73% 9.93% 9.26%
0.59 0.69 2.80 1.14 1.08 0.73 0.70 1.79 0.74 0.49 0.97 0.36 0.72
Interest 0.06 0.07 0.07 0.01 0.11 0.22 0.31 0.15 0.55 0.53 0.15 0.20 0.24
Depreciation 0.21 0.21 0.18 0.20 0.20 0.20 0.18 0.20 0.20 0.20 0.11 0.20 0.20
Profit before tax 0.55 1.21 3.10 0.81 0.53 1.88 4.48 3.87 4.15 3.33 3.67 3.40 3.69
Tax % 27.27% 38.02% 30.00% 20.99% 71.70% 21.28% 21.88% 11.11% 25.06% 26.43% 42.23% 25.29% 22.22%
0.40 0.75 2.17 0.64 0.14 1.48 3.50 3.44 3.11 2.45 2.12 2.55 2.87
EPS in Rs 1.33 2.50 7.23 2.13 0.47 4.93 11.67 11.47 10.37 8.17 7.07 8.50 9.57
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
68 64 51 73 61 58 108 65 18 31 71 140 145
61 59 47 68 55 54 99 61 19 29 66 127 132
Operating Profit 7 5 4 5 5 4 9 5 -0 2 5 13 13
OPM % 10% 8% 7% 6% 8% 7% 8% 7% -2% 5% 8% 9% 9%
0 0 1 2 2 1 1 2 4 5 4 4 3
Interest 1 1 1 1 1 1 1 0 0 0 1 1 1
Depreciation 1 1 1 1 1 1 1 1 1 1 1 1 1
Profit before tax 5 3 2 5 5 3 8 6 2 5 8 15 14
Tax % 34% 1% 24% 34% 36% 33% 26% 22% 27% 30% 25% 26%
3 3 2 3 3 2 6 4 2 4 6 11 10
EPS in Rs 11.53 10.20 5.60 10.53 10.73 7.27 18.70 14.63 5.90 12.17 19.20 37.06 33.31
Dividend Payout % 4% 5% 9% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 8%
5 Years: 5%
3 Years: 96%
TTM: 13%
Compounded Profit Growth
10 Years: 14%
5 Years: 15%
3 Years: 85%
TTM: -14%
Stock Price CAGR
10 Years: %
5 Years: 52%
3 Years: 116%
1 Year: 68%
Return on Equity
10 Years: 9%
5 Years: 9%
3 Years: 11%
Last Year: 16%

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 Sep 2024
Equity Capital 3 3 3 3 3 3 3 3 3 3 3 3 3
Reserves 25 28 30 33 36 38 44 48 50 54 60 71 76
5 14 3 6 4 6 3 1 1 1 3 2 5
14 8 10 5 6 14 12 4 3 2 21 10 13
Total Liabilities 48 54 45 47 49 62 61 57 58 60 86 86 97
11 10 9 9 8 8 8 7 6 6 5 5 6
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
37 44 36 38 41 54 54 49 51 54 81 81 92
Total Assets 48 54 45 47 49 62 61 57 58 60 86 86 97

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
12 -1 8 -4 5 -5 9 -0 -3 3 -16 -7
-5 0 1 0 0 1 -1 2 4 3 6 11
-6 8 -13 2 -2 1 -5 -2 -0 -0 1 -2
Net Cash Flow 1 7 -5 -2 3 -3 4 0 1 5 -10 2

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 81 70 112 108 146 130 56 75 193 116 172 88
Inventory Days 100 122 121 65 56 209 119 34 217 102 124 83
Days Payable 76 40 21 9 11 94 12 12 28 5 114 25
Cash Conversion Cycle 105 151 213 165 190 245 163 97 382 213 182 145
Working Capital Days 118 157 165 155 177 233 116 211 802 468 284 163
ROCE % 19% 11% 8% 16% 14% 10% 17% 12% 5% 10% 14% 23%

Shareholding Pattern

Numbers in percentages

1 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
74.99% 74.99% 74.99% 74.99% 74.99% 74.99% 74.99% 74.99% 74.91% 74.99% 74.99% 74.99%
25.01% 25.01% 25.01% 25.01% 25.01% 25.01% 25.01% 25.02% 25.08% 25.00% 25.01% 25.01%
No. of Shareholders 6827227397167147158108661,2432,1694,3195,631

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