Splendid Metal Products Ltd

Splendid Metal Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Splendid Metal Products Ltd

₹ 0.50 11.11%
18 Jun 2021
sujana.com BSE: 513414 NSE: SMPL
About

Splendid Metal Products Ltd is part of the Sujana group and was established in May 1988. It is engaged in trading of steel products and manufacturing of TMT bars & structural steel products.[1]

Key Points

Company History
The company made a public issue for Rs.2.92 crores to finance the expansion program of ingot. The company increased the installed capacity by 16400 TPA and the expansion was completed in 1992. The co. further modernized its Re-rolling Mills by increasing its manufacturing capacity to 110000 TPA at a cost of Rs 36 Cr. [1]

Website BSE NSE - BZ
  • Market Cap ₹ 15.0 Cr.
  • Current Price ₹ 0.50
  • High / Low ₹ /
  • Stock P/E
  • Book Value ₹ -43.2
  • Dividend Yield 0.00 %
  • ROCE -3.36 %
  • ROE %
  • Face Value ₹ 5.00
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Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -67.2% over past five years.
  • Company has high debtors of 10,745 days.
  • Working capital days have increased from 4,535 days to 8,802 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.

Peer comparison

Sector: Steel Industry: Steel - Medium / Small

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
117.36 130.44 114.66 95.70 13.75 5.91 4.83 6.82 1.72 5.45 4.12 4.46 4.27
322.44 415.00 229.94 518.18 30.07 10.25 4.10 27.32 4.18 7.95 6.09 6.64 5.85
Operating Profit -205.08 -284.56 -115.28 -422.48 -16.32 -4.34 0.73 -20.50 -2.46 -2.50 -1.97 -2.18 -1.58
OPM % -174.74% -218.15% -100.54% -441.46% -118.69% -73.43% 15.11% -300.59% -143.02% -45.87% -47.82% -48.88% -37.00%
8.02 8.47 -15.76 0.00 0.06 0.10 0.12 0.82 -1.02 0.01 0.37 0.14 0.04
Interest 0.06 0.45 0.84 0.45 0.00 0.01 0.01 0.02 0.00 0.01 0.01 0.00 0.00
Depreciation 8.02 7.89 8.09 8.13 16.60 7.72 7.63 7.58 7.57 7.55 7.49 7.41 7.43
Profit before tax -205.14 -284.43 -139.97 -431.06 -32.86 -11.97 -6.79 -27.28 -11.05 -10.05 -9.10 -9.45 -8.97
Tax % -22.98% -31.34% 13.60% -19.05% 15.82% -31.91% -149.63% -2.82% 54.30% -8.16% -8.90% -8.47% -11.15%
-157.99 -195.30 -159.01 -348.94 -38.06 -8.15 3.36 -26.52 -17.05 -9.23 -8.30 -8.65 -7.96
EPS in Rs -5.25 -6.49 -5.28 -11.59 -1.26 -0.27 0.11 -0.87 -0.56 -0.30 -0.27 -0.29 -0.26
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Sep 2009 Mar 2011 18m Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
2,644 4,555 4,033 4,223 3,373 3,942 4,182 1,561 537 458 31 16 18
2,469 4,233 3,762 3,982 3,204 3,682 4,060 1,695 1,397 1,427 72 25 27
Operating Profit 175 322 271 241 169 260 122 -134 -860 -970 -40 -9 -8
OPM % 7% 7% 7% 6% 5% 7% 3% -9% -160% -212% -129% -58% -45%
8 9 25 23 22 10 4 0 -58 -57 1 -0 1
Interest 103 211 200 181 173 216 227 262 3 2 0 0 0
Depreciation 27 71 47 42 39 40 36 35 34 32 40 30 30
Profit before tax 53 50 48 42 -21 14 -137 -430 -954 -1,060 -79 -40 -38
Tax % 25% 54% 10% 0% 35% 30% -27% -21% -9% -19% -16% 9%
40 23 43 41 -28 10 -100 -339 -869 -861 -67 -43 -34
EPS in Rs 5.75 1.16 2.21 2.10 -1.42 0.52 -3.33 -11.25 -28.85 -28.60 -2.20 -1.43 -1.12
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -43%
5 Years: -67%
3 Years: -69%
TTM: -5%
Compounded Profit Growth
10 Years: %
5 Years: 10%
3 Years: 25%
TTM: 27%
Stock Price CAGR
10 Years: -17%
5 Years: 27%
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Sep 2009 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Equity Capital 35 98 98 98 98 101 151 151 151 151 151 151
Reserves 377 609 705 757 755 784 701 358 -427 -1,341 -1,409 -1,451
977 1,103 951 1,373 1,658 1,636 2,210 2,442 2,445 2,430 2,429 2,434
494 541 1,045 1,086 1,684 1,734 1,280 490 276 148 178 156
Total Liabilities 1,883 2,351 2,800 3,315 4,196 4,255 4,341 3,440 2,445 1,387 1,348 1,290
383 444 496 481 525 504 473 439 440 408 368 338
CWIP 114 8 62 55 84 95 102 102 68 59 59 59
Investments 0 1 0 0 0 0 0 0 0 0 0 0
1,386 1,898 2,242 2,779 3,586 3,656 3,766 2,899 1,937 920 921 892
Total Assets 1,883 2,351 2,800 3,315 4,196 4,255 4,341 3,440 2,445 1,387 1,348 1,290

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Sep 2009 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
-366 167 355 -323 -79 275 -406 338 236 -462 -1 -7
-96 -273 7 -14 -42 -15 24 -1 23 -106 2 2
476 117 -373 318 118 -260 383 -337 -262 566 -2 5
Net Cash Flow 14 10 -11 -19 -2 0 1 1 -2 -1 -0 -0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Sep 2009 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 124 87 145 205 329 284 257 506 1,052 371 5,437 10,745
Inventory Days 35 9 16 15 33 30 33 58 29 21 275 1,221
Days Payable 59 37 74 88 177 163 109 90 101 80 1,671 7,325
Cash Conversion Cycle 100 59 88 131 186 151 181 474 979 312 4,042 4,640
Working Capital Days 124 84 103 142 208 181 217 472 630 336 4,467 8,802
ROCE % 13% 16% 14% 11% 6% 9% 3% -6% -35% -59% -6% -3%

Shareholding Pattern

Numbers in percentages

Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020
57.57% 57.57% 57.57% 57.57% 57.57% 57.57% 57.57% 57.57% 57.57% 57.57% 57.57% 57.57%
4.57% 4.57% 4.57% 4.57% 4.57% 4.57% 4.57% 4.57% 4.57% 4.57% 4.57% 4.57%
37.85% 37.85% 37.85% 37.85% 37.85% 37.85% 37.85% 37.85% 37.85% 37.85% 37.85% 37.85%
No. of Shareholders 29,24529,15229,08129,03228,23928,16828,85528,85528,82428,78828,73328,564

* 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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