Synergy Green Industries Ltd

Synergy Green Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Synergy Green Industries Ltd

₹ 374 -0.88%
22 Nov - close price
synergygreenind.com BSE: 541929 NSE: SGIL
About

Incorporated in 2010, Synergy Green Industries Ltd is into manufacturing of SG & CI Castings.[1]

Key Points

Business Overview:[1][2]
SGIL is a part of the Shirgaokar Brothers Group whose major business activities include, Sugar, Foundry products and heavy engineering products. It holds 38% shareholding in SGIL. Company is an associate concern of SB Reshellers Pvt Ltd. It primarily manufactures iron castings for wind turbines

Website BSE NSE
  • Market Cap ₹ 581 Cr.
  • Current Price ₹ 374
  • High / Low ₹ 477 / 251
  • Stock P/E 44.8
  • Book Value ₹ 34.6
  • Dividend Yield 0.00 %
  • ROCE 23.6 %
  • ROE 28.1 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 20.4% CAGR over last 5 years
  • Company's working capital requirements have reduced from 40.2 days to 31.8 days

Cons

  • Stock is trading at 10.8 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -4.27%
  • Company has a low return on equity of 12.4% over last 3 years.

* 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: Castings, Forgings & Fastners Industry: Castings & Forgings

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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
79.83 70.57 82.21 51.68 85.04 67.81 85.18 83.83 71.95 88.22 82.31 78.76 88.91
74.53 66.20 73.05 48.08 79.51 61.44 74.35 74.35 61.53 78.47 72.74 68.40 75.79
Operating Profit 5.30 4.37 9.16 3.60 5.53 6.37 10.83 9.48 10.42 9.75 9.57 10.36 13.12
OPM % 6.64% 6.19% 11.14% 6.97% 6.50% 9.39% 12.71% 11.31% 14.48% 11.05% 11.63% 13.15% 14.76%
0.29 0.27 0.26 0.03 0.16 0.09 0.15 0.37 0.11 0.33 1.01 0.16 0.09
Interest 2.97 2.74 2.66 3.14 3.48 4.15 3.31 3.44 3.19 3.35 3.32 3.42 3.74
Depreciation 2.37 2.78 3.14 2.89 2.99 3.02 3.09 2.77 2.97 3.13 3.23 3.03 3.24
Profit before tax 0.25 -0.88 3.62 -2.40 -0.78 -0.71 4.58 3.64 4.37 3.60 4.03 4.07 6.23
Tax % -52.00% 22.73% 46.96% -26.25% -91.03% 1.41% 25.33% 31.87% 26.54% 27.50% 19.35% 27.52% 33.39%
0.39 -1.07 1.92 -1.77 -0.07 -0.72 3.43 2.49 3.21 2.61 3.25 2.95 4.16
EPS in Rs 0.25 -0.69 1.24 -1.14 -0.05 -0.46 2.21 1.61 2.07 1.68 2.10 1.90 2.68
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
0 0 103 165 208 199 284 290 326 338
0 0 86 145 185 174 260 264 287 295
Operating Profit 0 0 16 20 22 24 24 26 39 43
OPM % 16% 12% 11% 12% 8% 9% 12% 13%
0 0 0 1 1 1 1 1 2 2
Interest 0 0 7 9 10 11 12 14 13 14
Depreciation 0 0 6 7 7 8 11 12 12 13
Profit before tax 0 0 3 5 6 5 3 1 16 18
Tax % -60% 12% 47% 39% 53% -25% 26%
0 0 5 5 3 3 1 1 12 13
EPS in Rs 0.00 4.09 2.94 2.15 2.05 0.92 0.56 7.46 8.36
Dividend Payout % 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 15%
3 Years: 18%
TTM: 10%
Compounded Profit Growth
10 Years: %
5 Years: 20%
3 Years: 54%
TTM: 54%
Stock Price CAGR
10 Years: %
5 Years: 37%
3 Years: 33%
1 Year: 40%
Return on Equity
10 Years: %
5 Years: 12%
3 Years: 12%
Last Year: 28%

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 0.01 5 10 14 14 14 14 14 14 14
Reserves 2 2 -12 13 17 19 20 21 33 40
0 32 52 61 59 76 82 84 80 106
0 3 58 56 57 66 78 63 71 78
Total Liabilities 2 42 108 145 146 175 194 182 198 238
0 2 33 33 58 63 76 69 79 84
CWIP 0 37 0 4 1 3 7 11 9 18
Investments 0 0 0 0 0 0 0 0 0 0
2 3 75 107 88 109 111 102 111 136
Total Assets 2 42 108 145 146 175 194 182 198 238

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0 0 15 11 26 11 28 26 38
-2 -36 -6 -23 -16 -18 -25 -14 -19
2 36 -9 12 -8 7 -5 -12 -15
Net Cash Flow 0 -0 -0 0 2 0 -2 0 4

Ratios

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 64 65 29 53 42 28 38
Inventory Days 557 314 215 278 189 186 154
Days Payable 736 337 226 296 202 154 147
Cash Conversion Cycle -116 42 18 35 29 61 45
Working Capital Days 11 53 28 64 43 46 32
ROCE % 0% 20% 18% 17% 13% 12% 24%

Shareholding Pattern

Numbers in percentages

3 Recently
Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Oct 2024
74.14% 74.16% 74.02% 74.16% 74.17% 74.02% 74.02% 74.02% 74.02% 74.02% 74.04% 69.74%
9.88% 9.88% 9.88% 9.88% 5.92% 5.11% 4.57% 3.23% 2.60% 2.86% 0.20% 0.23%
2.04% 2.04% 2.04% 2.04% 1.94% 1.80% 1.25% 0.76% 0.76% 0.76% 0.00% 0.00%
13.94% 13.92% 14.06% 13.91% 17.98% 19.06% 20.17% 21.99% 22.61% 22.35% 25.75% 30.03%
No. of Shareholders 3,8523,7613,9914,0824,2215,1224,8756,5128,8679,33514,95614,581

* 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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