SM Auto Stamping Ltd
Incorporated in 1995, SM Auto Stamping Ltd is in the business of manufacturing Auto Components
- Market Cap ₹ 57.5 Cr.
- Current Price ₹ 42.0
- High / Low ₹ 66.0 / 31.2
- Stock P/E 17.2
- Book Value ₹ 14.2
- Dividend Yield 0.00 %
- ROCE 21.8 %
- ROE 17.2 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Debtor days have improved from 37.3 to 22.4 days.
- Company's working capital requirements have reduced from 26.1 days to 19.6 days
Cons
- Contingent liabilities of Rs.18.1 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: Auto Ancillaries Industry: Auto Ancillaries
Half Yearly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|
| 50.84 | 63.35 | 58.13 | 44.27 | 38.93 | 54.33 | 68.66 | 67.56 | |
| 48.42 | 58.24 | 53.96 | 45.47 | 37.65 | 49.52 | 63.27 | 61.17 | |
| Operating Profit | 2.42 | 5.11 | 4.17 | -1.20 | 1.28 | 4.81 | 5.39 | 6.39 |
| OPM % | 4.76% | 8.07% | 7.17% | -2.71% | 3.29% | 8.85% | 7.85% | 9.46% |
| 2.53 | 2.79 | 0.76 | 0.12 | 1.14 | 0.86 | 1.54 | 0.89 | |
| Interest | 3.41 | 2.69 | 1.36 | 1.28 | 1.91 | 1.32 | 1.27 | 1.05 |
| Depreciation | 2.54 | 2.34 | 1.20 | 0.67 | 1.14 | 1.15 | 1.21 | 1.32 |
| Profit before tax | -1.00 | 2.87 | 2.37 | -3.03 | -0.63 | 3.20 | 4.45 | 4.91 |
| Tax % | 56.00% | 21.60% | 25.74% | -29.70% | 169.84% | -13.75% | 30.56% | 38.90% |
| -1.57 | 8.94 | 2.26 | -1.96 | -1.65 | 3.79 | 3.32 | 3.57 | |
| EPS in Rs | -12.71 | 66.92 | 17.30 | -1.37 | -1.15 | 2.65 | 2.32 | 2.61 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 53.80% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 3% |
| 3 Years: | 20% |
| TTM: | -2% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 8% |
| 3 Years: | 53% |
| TTM: | 22% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 32% |
| 1 Year: | -16% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 7% |
| 3 Years: | 18% |
| Last Year: | 17% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1.31 | 1.31 | 1.31 | 14.29 | 14.29 | 14.29 | 14.29 | 13.69 |
| Reserves | 7.73 | 9.88 | 10.87 | 1.66 | 0.00 | 3.79 | 5.32 | 5.70 |
| 26.59 | 21.50 | 12.73 | 14.85 | 10.35 | 8.86 | 7.32 | 5.52 | |
| 16.88 | 21.82 | 13.88 | 4.45 | 8.03 | 8.68 | 9.78 | 8.83 | |
| Total Liabilities | 52.51 | 54.51 | 38.79 | 35.25 | 32.67 | 35.62 | 36.71 | 33.74 |
| 26.09 | 24.51 | 8.39 | 8.58 | 8.83 | 9.16 | 10.51 | 8.99 | |
| CWIP | 0.03 | 0.00 | 0.00 | 0.00 | 0.69 | 1.32 | 0.29 | 0.45 |
| Investments | 0.12 | 0.05 | 3.78 | 11.38 | 11.43 | 11.58 | 11.81 | 12.38 |
| 26.27 | 29.95 | 26.62 | 15.29 | 11.72 | 13.56 | 14.10 | 11.92 | |
| Total Assets | 52.51 | 54.51 | 38.79 | 35.25 | 32.67 | 35.62 | 36.71 | 33.74 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|
| 54.26 | 5.28 | 0.81 | 1.69 | 0.53 | 3.38 | 6.54 | 4.91 | |
| -52.35 | 1.68 | 1.01 | -4.10 | -0.93 | -1.43 | -0.35 | 0.24 | |
| -1.80 | -7.07 | -1.91 | 5.59 | -2.84 | -1.93 | -6.20 | -5.20 | |
| Net Cash Flow | 0.11 | -0.12 | -0.09 | 3.18 | -3.24 | 0.01 | 0.00 | -0.05 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 74.09 | 83.49 | 62.54 | 50.38 | 64.41 | 47.30 | 42.32 | 22.42 |
| Inventory Days | 110.90 | 85.86 | 74.93 | 41.38 | 43.59 | 41.64 | 28.43 | 42.07 |
| Days Payable | 121.70 | 128.03 | 91.31 | 21.61 | 67.56 | 60.02 | 44.87 | 35.57 |
| Cash Conversion Cycle | 63.29 | 41.32 | 46.16 | 70.15 | 40.45 | 28.91 | 25.88 | 28.92 |
| Working Capital Days | 45.73 | 30.54 | 43.39 | 51.28 | 43.13 | 32.38 | 26.31 | 19.61 |
| ROCE % | 14.12% | 12.79% | -4.67% | 2.92% | 17.53% | 18.23% | 21.84% |
Documents
Announcements
-
Disclosure Under Regulation 30- Execution Of Mortgage Deed
5 Dec - Execution of equitable mortgage deed with TJSB Sahakari Bank.
- Unaudited Standalone And Consolidated Financial Results Of The Company Along With Limited Review Report For The Half Year Ended 30Th September, 2024, Pursuant To Regulation 33 Of SEBI (LODR) Regulations, 2015. 14 Nov
-
Non-Applicability Of Regulation 23(9) Of SEBI (LODR) Regulations, 2015, For The Half Year Ended
30Th September 2024.
12 Nov - Non-applicability of Regulation 23(9) for half year.
-
Unaudited Standalone And Consolidated Financial Results Of The Company Along With Limited Review Report For The Half Year Ended 30Th September, 2024, Pursuant To Regulation 33 Of SEBI (LODR) Regulations, 2015.
12 Nov - Approval of unaudited financial results for H1 2024.
-
Board Meeting Outcome for Outcome Of Board Meeting Dated 6Th November, 2023,Under Regulation 30(6) Of SEBI
(LODR) Regulations, 2015.
12 Nov - Approval of unaudited financial results for H1 2024.
Business Overview:[1]
Company is listed on BSE SME platform. Co designs and manufactures sheet metal components and sub-assemblies for automobile manufacturers. Company's components cover clutches, brakes, engine mountings, chassis, shaft drive, body trims, bearings etc. used in passenger cars, commercial vehicles, tractors, etc. Deep drawn components and control panel components also find application in electrical equipment industry. Apart from manufacturing, company also provide job work services of blanking and forming process on metal components