S & S Power Switchgear Ltd

S & S Power Switchgear Ltd

₹ 456 5.00%
22 Nov - close price
About

Incorporated in 1975, S&S Power Switchgear Ltd is in the business of Transmission & Distribution of Equipment industry, power sector focused Switchgear, P&C Solutions and associated electrical systems, product, and services.

Key Points

Business Overview:[1]
Company is a part of Power and T&D Equipment industry, focused on Switchgear, Protection and Control Systems, associated products and services. Emerging markets & developing economies and UK are focused geography, along with India

  • Market Cap 556 Cr.
  • Current Price 456
  • High / Low 461 / 127
  • Stock P/E
  • Book Value 87.3
  • Dividend Yield 0.00 %
  • ROCE -2.24 %
  • ROE -13.2 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 5.22 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -39.9% over past five years.
  • Company has a low return on equity of -8.63% over last 3 years.
  • Company has high debtors of 821 days.
  • Working capital days have increased from 3,389 days to 7,574 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
0.37 0.49 0.66 0.57 0.45 0.50 0.51 0.37 0.37 0.36 0.47 0.99 0.98
0.65 0.78 0.72 0.64 0.59 0.63 0.83 0.51 0.51 0.44 0.60 0.71 1.97
Operating Profit -0.28 -0.29 -0.06 -0.07 -0.14 -0.13 -0.32 -0.14 -0.14 -0.08 -0.13 0.28 -0.99
OPM % -75.68% -59.18% -9.09% -12.28% -31.11% -26.00% -62.75% -37.84% -37.84% -22.22% -27.66% 28.28% -101.02%
0.47 0.50 0.49 0.25 0.31 10.58 0.69 0.01 0.01 0.01 0.02 0.20 0.16
Interest 0.39 0.39 0.38 0.39 0.41 0.36 0.10 0.43 0.46 0.46 0.45 0.52 0.44
Depreciation 0.12 0.13 0.12 0.08 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.09 0.09
Profit before tax -0.32 -0.31 -0.07 -0.29 -0.34 9.99 0.17 -0.66 -0.69 -0.63 -0.66 -0.13 -1.36
Tax % 0.00% -3.23% 71.43% -6.90% 0.00% -0.20% 64.71% -1.52% 0.00% 0.00% -10.61% 0.00% -5.88%
-0.32 -0.30 -0.12 -0.28 -0.34 10.01 0.06 -0.65 -0.69 -0.63 -0.59 -0.12 -1.28
EPS in Rs -0.52 -0.48 -0.19 -0.45 -0.55 16.15 0.10 -1.05 -1.11 -1.02 -0.95 -0.10 -1.04
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
1.42 1.66 1.59 2.59 0.34 0.70 0.51 0.86 0.57 0.58 0.59 0.04 2.80
2.28 1.49 2.15 3.35 3.13 3.89 4.02 5.01 3.11 2.87 2.69 2.05 3.72
Operating Profit -0.86 0.17 -0.56 -0.76 -2.79 -3.19 -3.51 -4.15 -2.54 -2.29 -2.10 -2.01 -0.92
OPM % -60.56% 10.24% -35.22% -29.34% -820.59% -455.71% -688.24% -482.56% -445.61% -394.83% -355.93% -5,025.00% -32.86%
-1.31 1.61 1.40 1.37 2.47 3.29 5.60 -1.11 3.48 3.36 13.27 1.56 0.39
Interest 0.27 0.38 0.41 0.46 0.63 0.88 1.12 1.25 1.57 1.54 1.26 1.79 1.87
Depreciation 0.22 0.14 0.16 0.17 0.15 0.15 0.16 0.47 0.47 0.48 0.38 0.39 0.38
Profit before tax -2.66 1.26 0.27 -0.02 -1.10 -0.93 0.81 -6.98 -1.10 -0.95 9.53 -2.63 -2.78
Tax % 0.00% 0.00% 0.00% 0.00% -6.36% 11.83% 1.23% -0.86% 0.00% 2.11% 0.73% -3.04%
-2.66 1.26 0.27 -0.02 -1.02 -1.04 0.80 -6.92 -1.10 -0.96 9.45 -2.55 -2.62
EPS in Rs -4.29 2.03 0.44 -0.03 -1.65 -1.68 1.29 -11.16 -1.77 -1.55 15.24 -4.11 -3.11
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: -31%
5 Years: -40%
3 Years: -59%
TTM: 60%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -98%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 152%
1 Year: 237%
Return on Equity
10 Years: -4%
5 Years: -8%
3 Years: -9%
Last Year: -13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 6.20 6.20 6.20 6.20 6.20 6.20 6.20 6.20 6.20 6.20 6.20 6.20 12.34
Reserves 13.77 15.34 15.61 15.59 13.95 12.98 13.74 6.82 5.89 4.89 14.38 11.98 95.39
6.89 6.62 7.37 7.37 11.06 14.76 13.94 15.48 15.96 15.13 17.29 18.87 17.55
5.68 4.68 5.21 5.88 4.67 4.50 3.79 4.78 4.05 4.44 2.99 2.96 3.02
Total Liabilities 32.54 32.84 34.39 35.04 35.88 38.44 37.67 33.28 32.10 30.66 40.86 40.01 128.30
3.37 3.34 3.27 3.14 2.90 2.78 2.87 3.31 2.88 0.49 0.84 0.48 0.31
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 16.95 16.95 16.95 16.95 15.75 18.74 18.74 13.02 13.02 13.02 13.02 27.28 80.42
12.22 12.55 14.17 14.95 17.23 16.92 16.06 16.95 16.20 17.15 27.00 12.25 47.57
Total Assets 32.54 32.84 34.39 35.04 35.88 38.44 37.67 33.28 32.10 30.66 40.86 40.01 128.30

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-1.15 -0.64 0.12 -0.41 0.06 0.45 -0.69 0.48 -0.18 1.23 0.22
1.36 0.37 0.23 -1.57 -2.92 1.48 0.90 0.57 0.72 11.54 14.26
-0.26 0.34 -0.46 2.01 2.83 -1.94 0.09 -1.32 -0.57 -12.78 -14.47
Net Cash Flow -0.05 0.07 -0.11 0.03 -0.03 -0.01 0.30 -0.26 -0.02 -0.01 0.00

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 496.09 397.98 484.37 404.46 3,156.18 1,209.71 916.08 645.12 204.91 654.48 210.34 821.25
Inventory Days 381.59 182.50 385.86 107.70 419.07 101.86 317.69 1,733.75 476.73 3,589.17
Days Payable 1,169.66 488.73 1,480.86 879.59 621.85 237.67 358.24 1,569.50 402.24 5,110.00
Cash Conversion Cycle 496.09 397.98 -303.70 98.23 2,061.18 437.83 713.30 509.30 164.36 818.73 284.83 -699.58
Working Capital Days 2,190.00 2,174.61 2,499.91 1,545.97 2,726.76 766.50 844.51 432.91 332.98 1,913.10 680.51 7,573.75
ROCE % 0.64% 1.74% 2.37% 1.30% -1.72% 0.00% 5.90% -0.03% 1.66% 2.17% 2.31% -2.24%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
50.21% 50.21% 50.21% 50.21% 50.21% 50.21% 50.21% 50.21% 50.21% 50.21% 74.97% 74.98%
2.76% 2.78% 0.96% 0.99% 0.98% 0.96% 0.46% 0.41% 0.41% 0.41% 0.21% 0.21%
47.04% 47.02% 48.83% 48.80% 48.82% 48.84% 49.32% 49.38% 49.38% 49.38% 24.82% 24.80%
No. of Shareholders 20,17420,16920,27220,26520,14920,02519,87319,66919,62819,56719,62519,560

* 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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