Safa Systems & Technologies Ltd
Incorporated in 2012, Safa Systems & Technologies Ltd distribution of mobile phones, electronic gadgets, mobile phone accessories, computer and computer parts, and other electronic media equipment [1]
- Market Cap ₹ 97.3 Cr.
- Current Price ₹ 39.0
- High / Low ₹ 39.5 / 10.7
- Stock P/E 40.4
- Book Value ₹ 14.0
- Dividend Yield 0.00 %
- ROCE 10.3 %
- ROE 8.41 %
- Face Value ₹ 10.0
Pros
- Debtor days have improved from 50.6 to 24.3 days.
- Company's working capital requirements have reduced from 69.4 days to 31.7 days
Cons
- Stock is trading at 2.78 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Promoter holding has decreased over last 3 years: -29.1%
* 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.
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|---|
| 255 | 255 | 209 | 127 | 416 | 627 | 581 | |
| 253 | 252 | 206 | 126 | 414 | 623 | 575 | |
| Operating Profit | 1 | 3 | 2 | 0 | 2 | 5 | 6 |
| OPM % | 1% | 1% | 1% | 0% | 0% | 1% | 1% |
| 1 | 0 | 0 | 2 | 4 | 2 | 1 | |
| Interest | 1 | 3 | 2 | 1 | 3 | 4 | 4 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 1 | 0 | 0 | 0 | 2 | 3 | 3 |
| Tax % | 49% | 26% | 26% | 24% | 30% | 27% | |
| 0 | 0 | 0 | 0 | 2 | 2 | 2 | |
| EPS in Rs | 0.19 | 1.05 | 0.86 | 0.96 | |||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 20% |
| 3 Years: | 44% |
| TTM: | 23% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 43% |
| 3 Years: | 95% |
| TTM: | 9% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 58% |
| 1 Year: | 195% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 8% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|
| Equity Capital | 15 | 15 | 25 | 25 | |
| Reserves | 0 | 2 | 9 | 10 | |
| 33 | 43 | 41 | 49 | ||
| 6 | 8 | 15 | 15 | ||
| Total Liabilities | 55 | 68 | 90 | 99 | |
| 1 | 1 | 1 | 1 | ||
| CWIP | 0 | 0 | 0 | 0 | |
| Investments | 0 | 0 | 15 | 15 | |
| 54 | 67 | 74 | 83 | ||
| Total Assets | 55 | 68 | 90 | 99 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| -45 | -5 | 6 | ||||
| -1 | -0 | 0 | ||||
| 47 | 6 | -6 | ||||
| Net Cash Flow | 2 | 1 | 0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Debtor Days | 87 | 40 | 24 | |||
| Inventory Days | 37 | 8 | 4 | |||
| Days Payable | 17 | 6 | 7 | |||
| Cash Conversion Cycle | 107 | 42 | 21 | |||
| Working Capital Days | 128 | 48 | 32 | |||
| ROCE % | 10% | 10% |
Documents
Announcements
-
Non-Applicability Of Fund Raising By Issuance Of Debt Securities By Large Entities
3h - Safa Systems confirms non-applicability as Large Entity under SEBI debt issuance norms for FY 2024-25.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
15 Apr - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for quarter and year ended 31 March 2025.
-
Disclosures Under Regulation 31(4) Of SEBI (Substantial Acquisition Of Shares And Takeovers) Regulations, 2011
7 Apr - Yearly disclosure under SEBI regulations from promoter.
-
Announcement under Regulation 30 (LODR)-Change in Management
31 Mar - Appointment of Secretarial and Internal Auditors for FY 2024-2025.
-
Board Meeting Outcome for Outcome Of The Board Meeting Pursuant To Regulation 30 Of SEBI (Listing Obligations & Disclosures Requirements) Regulations, 2015
31 Mar - Appointment of Secretarial and Internal Auditors for FY 2024-2025.
Business Overview:[1]
SSTL is an ISO 9001:2015 certified distributor of electronic products and accessories in South India, offering a range of items including telecommunication devices, accessories, LED televisions, tablets, IT products, and home appliances.