Signet Industries Ltd

Signet Industrie Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Signet Industries Ltd

₹ 78.0 1.95%
24 Jul - close price
groupsignet.com BSE: 512131 NSE: SIGIND
About

Incorporated in 1985, Signet Industries Ltd does Merchant Trading of Polymers & Other Products and Manufacturing of Micro Irrigation System, Sprinkler Pipe / PVC Pipe & Agro fittings and its Allied Products, and all type of House Hold & Plastic Moulded Furniture[1]

Key Points

Business Overview:[1][2]
Company does manufacturing of irrigation and plastic products and wholesale trading of chemicals and plastics plastic products. It has wind power generation units in Maharashtra and Rajasthan. Company implements government-backed drip irrigation and agricultural projects, where 50-70% of project cost is received as subsidy from government

Website BSE NSE
  • Market Cap ₹ 230 Cr.
  • Current Price ₹ 78.0
  • High / Low ₹ 97.4 / 42.5
  • Stock P/E 14.9
  • Book Value ₹ 74.8
  • Dividend Yield 0.64 %
  • ROCE 14.8 %
  • ROE 7.24 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 1.04 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 4.45% over past five years.
  • Company has a low return on equity of 6.06% over last 3 years.
  • Dividend payout has been low at 12.9% of profits 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: Plastic products Industry: Plastics Products

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Quarterly Results

Figures in Rs. Crores

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
274.64 180.26 204.87 180.99 311.14 219.14 222.65 263.39 312.52 288.82 268.78 311.31 344.13
256.97 166.25 190.05 165.66 293.58 203.75 208.13 244.24 292.10 270.59 248.98 286.44 322.92
Operating Profit 17.67 14.01 14.82 15.33 17.56 15.39 14.52 19.15 20.42 18.23 19.80 24.87 21.21
OPM % 6.43% 7.77% 7.23% 8.47% 5.64% 7.02% 6.52% 7.27% 6.53% 6.31% 7.37% 7.99% 6.16%
2.16 0.34 0.44 0.39 0.24 0.31 0.75 0.58 1.16 0.48 1.00 0.59 3.10
Interest 10.71 10.64 10.58 10.06 11.53 11.36 10.36 10.35 12.00 12.04 13.59 15.66 15.19
Depreciation 2.07 2.19 2.16 2.13 2.14 2.18 2.26 2.32 2.32 2.41 2.44 2.45 2.44
Profit before tax 7.05 1.52 2.52 3.53 4.13 2.16 2.65 7.06 7.26 4.26 4.77 7.35 6.68
Tax % 15.60% 31.58% 29.37% 26.91% 30.99% 32.41% 29.06% 26.63% 37.88% 25.12% 28.30% 26.53% 48.50%
5.95 1.04 1.78 2.58 2.85 1.47 1.88 5.18 4.52 3.20 3.41 5.40 3.44
EPS in Rs 2.02 0.35 0.60 0.88 0.97 0.50 0.64 1.76 1.54 1.09 1.16 1.83 1.17
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
565 612 650 786 912 904 976 883 827 877 1,018 1,213
512 549 593 719 849 834 905 816 764 816 948 1,129
Operating Profit 52 64 57 67 63 70 71 67 63 62 69 84
OPM % 9% 10% 9% 9% 7% 8% 7% 8% 8% 7% 7% 7%
9 8 8 3 4 4 2 2 3 1 3 5
Interest 38 45 43 40 38 41 44 44 46 43 44 56
Depreciation 6 6 6 7 7 7 7 8 8 9 9 10
Profit before tax 18 21 16 23 23 26 22 17 12 12 19 23
Tax % 32% 26% 26% 25% 21% 28% 38% 31% -19% 30% 32% 33%
12 16 12 17 18 18 14 12 14 8 13 15
EPS in Rs 4.11 5.40 4.03 5.96 6.26 6.28 4.66 4.01 4.74 2.80 4.43 5.25
Dividend Payout % 29% 22% 0% 8% 8% 8% 11% 12% 11% 18% 11% 10%
Compounded Sales Growth
10 Years: 7%
5 Years: 4%
3 Years: 14%
TTM: 19%
Compounded Profit Growth
10 Years: 2%
5 Years: 2%
3 Years: 7%
TTM: 19%
Stock Price CAGR
10 Years: -12%
5 Years: 24%
3 Years: 14%
1 Year: 71%
Return on Equity
10 Years: 9%
5 Years: 6%
3 Years: 6%
Last Year: 7%

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
Equity Capital 29 29 29 29 29 29 29 29 29 29 29 29
Reserves 14 25 58 76 109 126 137 147 159 166 177 191
272 267 201 205 207 245 211 244 295 307 309 336
142 186 212 205 242 216 277 234 246 216 213 212
Total Liabilities 457 506 501 515 588 616 655 654 729 718 729 768
78 82 81 77 72 79 82 77 81 79 82 79
CWIP 0 0 0 0 4 1 0 0 2 5 1 0
Investments 8 0 0 0 0 0 0 0 0 0 1 1
371 424 420 437 511 535 572 577 646 634 645 687
Total Assets 457 506 501 515 588 616 655 654 729 718 729 768

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
32 43 65 28 15 20 84 12 7 34 51 30
-28 5 37 4 -5 -9 -9 9 -13 -9 -6 0
-16 -49 -91 -35 -22 -7 -80 -13 3 -32 -44 -32
Net Cash Flow -12 -2 11 -3 -11 4 -5 7 -3 -7 1 -1

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 131 144 128 123 123 118 109 125 144 130 108 104
Inventory Days 56 63 79 57 58 78 86 96 118 126 115 99
Days Payable 90 110 122 95 93 88 110 102 116 95 78 66
Cash Conversion Cycle 97 97 84 85 88 107 85 118 146 161 145 136
Working Capital Days 98 92 82 88 94 112 96 129 163 165 145 136
ROCE % 18% 19% 19% 21% 19% 18% 17% 15% 12% 11% 12% 15%

Shareholding Pattern

Numbers in percentages

1 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
72.56% 72.57% 72.57% 72.57% 72.57% 72.57% 72.57% 72.57% 72.57% 72.57% 72.57% 72.57%
27.44% 27.43% 27.43% 27.43% 27.43% 27.42% 27.43% 27.42% 27.44% 27.43% 27.43% 27.43%
No. of Shareholders 13,12913,16714,80214,45914,42214,14814,06715,34414,65814,98815,09014,761

Documents

Announcements

Annual reports

Credit ratings

Concalls

  • Feb 2024
    Transcript
    Notes
    PPT
  • Aug 2023
    Transcript
    Notes
    PPT