Snowman Logistics Ltd

Snowman Logistics Ltd

₹ 67.9 -0.21%
21 Nov - close price
About

Snowman Logistics is engaged in the business of Temperature controlled logistics including, but not limited to storage, transportation by road, and distribution of products requiring a temperature controlled environment.

Key Points

Change in Business Model
After being acquired by Gateway Distriparks Ltd, the business model of the company was changed during the year 2016, the company discontinued its low-margin food division business and focused on temperature-controlled warehousing. They also changed the Distribution model from leasing vehicles to Owning their vehicles because of which the Margins have improved. [1]

  • Market Cap 1,134 Cr.
  • Current Price 67.9
  • High / Low 91.6 / 54.6
  • Stock P/E 129
  • Book Value 24.2
  • Dividend Yield 1.47 %
  • ROCE 6.72 %
  • ROE 2.69 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 75.0%
  • Promoter holding has increased by 1.18% over last quarter.

Cons

  • Stock is trading at 2.81 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 1.88% 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: Logistics Industry: Miscellaneous

Part of BSE Allcap BSE SmallCap BSE Services

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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
70.07 73.40 76.63 87.29 108.62 109.39 112.35 128.77 124.02 124.05 126.54 140.23 143.45
52.09 55.15 59.99 67.21 85.54 85.67 90.67 104.55 100.01 97.72 99.54 116.79 121.42
Operating Profit 17.98 18.25 16.64 20.08 23.08 23.72 21.68 24.22 24.01 26.33 27.00 23.44 22.03
OPM % 25.66% 24.86% 21.71% 23.00% 21.25% 21.68% 19.30% 18.81% 19.36% 21.23% 21.34% 16.72% 15.36%
1.05 1.15 1.36 1.18 1.03 1.42 3.88 1.20 1.53 1.17 2.86 0.77 1.07
Interest 4.21 4.83 5.40 5.41 5.69 5.63 5.49 5.60 6.05 5.86 6.29 5.98 6.33
Depreciation 12.81 13.52 12.86 12.79 13.26 13.21 13.10 13.61 14.83 15.10 15.73 15.71 15.93
Profit before tax 2.01 1.05 -0.26 3.06 5.16 6.30 6.97 6.21 4.66 6.54 7.84 2.52 0.84
Tax % 76.62% 21.90% -19.23% 38.56% 48.26% 40.79% 26.83% 45.57% 37.12% 35.02% 72.58% 28.97% 26.19%
0.47 0.83 -0.22 1.89 2.67 3.74 5.10 3.38 2.93 4.25 2.15 1.79 0.61
EPS in Rs 0.03 0.05 -0.01 0.11 0.16 0.22 0.31 0.20 0.18 0.25 0.13 0.11 0.04
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 TTM
114 153 203 225 189 194 233 240 237 286 418 503 534
87 115 156 176 153 150 174 179 172 216 329 402 435
Operating Profit 26 38 47 49 36 44 59 61 65 70 89 102 99
OPM % 23% 25% 23% 22% 19% 23% 25% 26% 27% 25% 21% 20% 18%
1 2 5 3 -2 4 3 3 3 4 8 7 6
Interest 2 11 12 9 11 12 10 20 17 18 22 24 24
Depreciation 9 15 25 30 39 40 41 51 49 51 52 59 62
Profit before tax 15 14 15 12 -15 -4 11 -6 2 4 22 25 18
Tax % -30% -64% -68% -75% -68% 0% 10% 138% 98% 58% 38% 50%
20 22 25 21 -5 -4 10 -15 0 2 13 13 9
EPS in Rs 1.93 1.81 1.48 1.23 -0.30 -0.21 0.58 -0.90 0.00 0.10 0.80 0.76 0.53
Dividend Payout % 0% 0% 34% 0% 0% 0% 0% 0% 0% 0% 94% 131%
Compounded Sales Growth
10 Years: 13%
5 Years: 17%
3 Years: 29%
TTM: 13%
Compounded Profit Growth
10 Years: -7%
5 Years: 5%
3 Years: 509%
TTM: -42%
Stock Price CAGR
10 Years: -5%
5 Years: 10%
3 Years: 20%
1 Year: 23%
Return on Equity
10 Years: 1%
5 Years: 0%
3 Years: 2%
Last Year: 3%

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 Sep 2024
Equity Capital 103 124 167 167 167 167 167 167 167 167 167 167 167
Reserves 26 97 251 266 262 258 268 253 253 255 255 251 236
95 146 90 146 138 131 93 201 220 265 258 278 307
20 21 40 43 31 33 34 21 27 40 45 51 57
Total Liabilities 243 388 548 622 598 590 562 642 667 728 725 746 768
157 250 337 441 448 444 413 507 461 543 517 525 516
CWIP 32 42 23 27 5 1 0 0 20 2 8 14 35
Investments 0 0 0 0 0 0 0 0 0 1 43 35 0
54 96 189 154 146 145 148 135 185 182 155 173 218
Total Assets 243 388 548 622 598 590 562 642 667 728 725 746 768

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
14 15 52 39 49 37 53 56 71 69 86 88
-113 -116 -90 -138 -28 -27 -11 -4 -41 -99 -42 -24
93 111 106 37 -23 -20 -52 -51 0 17 -58 -59
Net Cash Flow -7 9 68 -63 -2 -10 -10 1 30 -14 -13 5

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 82 94 87 91 68 83 81 84 81 86 63 60
Inventory Days 35 34
Days Payable 153 104
Cash Conversion Cycle 82 94 87 91 68 83 81 84 81 86 -55 -10
Working Capital Days 34 30 -0 17 -14 -31 -5 30 56 51 42 41
ROCE % 11% 8% 6% 4% -0% 1% 4% 2% 3% 3% 6% 7%

Shareholding Pattern

Numbers in percentages

8 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
40.25% 40.25% 40.25% 40.25% 40.25% 40.25% 41.75% 43.00% 44.27% 45.24% 46.43% 47.61%
1.68% 1.74% 1.85% 1.93% 2.16% 1.93% 1.96% 2.32% 3.30% 2.24% 2.67% 2.44%
0.00% 0.39% 0.55% 0.55% 0.55% 0.55% 0.78% 1.01% 1.04% 1.04% 1.16% 1.16%
58.07% 57.62% 57.35% 57.28% 57.04% 57.27% 55.52% 53.67% 51.39% 51.48% 49.73% 48.79%
No. of Shareholders 1,35,8271,31,9541,28,1951,25,2511,20,7021,17,1711,13,2651,06,3211,00,4841,13,8411,06,1821,09,910

* 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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