Shivagrico Implements Ltd

₹ 26.3 -4.95%

22 Nov - close price

About

Incorporated in 1965, Shivagrico Implements Ltd deals in Rolling and Forging of agricultural implements and other products.

Key Points

Product Profile:^[1]
Company has 150+ product range including Agricultural Implements and Handtools such as Pickaxes, Kudali, Crowbars, Hoes, Pick & Cutter mattocks, Hammers, Mauls, bars, Pinch Point, Post Hole, Wedge Point, San Angelo, Big Bars, Telegraph Bars etc. Company also manufactures re-rolled products such as Angles, hot-rolled Flats, Rounds, Polygons and Squares. These products are sold under the brand names Lion and Chetak.

Website BSE

Market Cap ₹ 13.2 Cr.
Current Price ₹ 26.3
High / Low ₹ 33.3 / 19.1
Stock P/E 165
Book Value ₹ 15.0
Dividend Yield 0.00 %
ROCE 4.92 %
ROE 0.95 %
Face Value ₹ 10.0

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Pros

Cons

Though the company is reporting repeated profits, it is not paying out dividend
Company has low interest coverage ratio.
The company has delivered a poor sales growth of 11.3% over past five years.
Company has a low return on equity of 4.01% over last 3 years.
Company might be capitalizing the interest cost

* 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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Detailed Comparison with:

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
	16.74	11.52	11.16	11.32	9.98	11.56	9.07	9.77	11.52	10.55	11.77	8.08	10.94
	15.81	10.55	10.44	10.58	9.37	10.95	8.46	9.13	10.86	9.92	11.09	7.33	10.13
Operating Profit	0.93	0.97	0.72	0.74	0.61	0.61	0.61	0.64	0.66	0.63	0.68	0.75	0.81
OPM %	5.56%	8.42%	6.45%	6.54%	6.11%	5.28%	6.73%	6.55%	5.73%	5.97%	5.78%	9.28%	7.40%
	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
Interest	0.25	0.24	0.29	0.24	0.24	0.24	0.31	0.25	0.30	0.28	0.27	0.30	0.31
Depreciation	0.28	0.41	0.41	0.36	0.36	0.34	0.33	0.36	0.30	0.33	0.36	0.40	0.41
Profit before tax	0.40	0.32	0.02	0.14	0.01	0.03	-0.03	0.03	0.06	0.02	0.05	0.05	0.09
Tax %	30.00%	25.00%	0.00%	28.57%	0.00%	33.33%	0.00%	33.33%	0.00%	100.00%	140.00%	20.00%	33.33%
	0.29	0.24	0.02	0.11	0.00	0.02	-0.03	0.03	0.06	-0.01	-0.01	0.04	0.06
EPS in Rs	0.58	0.48	0.04	0.22	0.00	0.04	-0.06	0.06	0.12	-0.02	-0.02	0.08	0.12
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
	30.19	26.17	24.26	25.55	23.22	21.85	25.33	25.04	37.85	48.20	41.51	43.22	41.34
	28.52	24.46	22.52	23.70	21.56	20.88	24.74	23.62	35.98	45.40	39.36	40.99	38.47
Operating Profit	1.67	1.71	1.74	1.85	1.66	0.97	0.59	1.42	1.87	2.80	2.15	2.23	2.87
OPM %	5.53%	6.53%	7.17%	7.24%	7.15%	4.44%	2.33%	5.67%	4.94%	5.81%	5.18%	5.16%	6.94%
	0.05	0.04	0.08	0.20	0.31	0.07	0.36	0.36	0.43	0.67	0.42	0.38	0.00
Interest	0.65	0.62	0.72	0.80	0.61	0.57	0.75	0.87	0.75	0.95	1.03	1.10	1.16
Depreciation	0.76	1.00	1.02	1.20	1.30	0.97	1.31	1.32	1.24	1.50	1.39	1.35	1.50
Profit before tax	0.31	0.13	0.08	0.05	0.06	-0.50	-1.11	-0.41	0.31	1.02	0.15	0.16	0.21
Tax %	6.45%	23.08%	37.50%	200.00%	33.33%	-38.00%	-25.23%	9.76%	67.74%	24.51%	33.33%	56.25%
	0.28	0.09	0.05	-0.05	0.04	-0.31	-0.83	-0.45	0.10	0.77	0.10	0.07	0.08
EPS in Rs	0.56	0.18	0.10	-0.10	0.08	-0.62	-1.66	-0.90	0.20	1.54	0.20	0.14	0.16
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:	5%
5 Years:	11%
3 Years:	5%
TTM:	-1%

Compounded Profit Growth
10 Years:	-2%
5 Years:	16%
3 Years:	-11%
TTM:	133%

Stock Price CAGR
10 Years:	8%
5 Years:	38%
3 Years:	26%
1 Year:	25%

Return on Equity
10 Years:	-1%
5 Years:	1%
3 Years:	4%
Last Year:	1%

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	5.01	5.01	5.01	5.01	5.01	5.01	5.01	5.01	5.01	5.01	5.01	5.01	5.01
Reserves	2.63	2.72	2.76	2.71	2.77	2.47	1.63	1.09	1.19	2.12	2.28	2.39	2.49
	6.21	7.13	8.14	9.88	9.49	10.98	12.84	13.43	18.25	18.37	16.98	19.18	17.54
	1.72	1.49	1.96	2.96	2.85	2.60	2.79	3.52	3.17	2.45	3.82	2.12	2.22
Total Liabilities	15.57	16.35	17.87	20.56	20.12	21.06	22.27	23.05	27.62	27.95	28.09	28.70	27.26
	7.58	6.94	7.97	7.99	6.59	8.87	8.53	7.70	7.76	9.41	9.13	10.96	10.27
CWIP	1.14	1.97	0.76	1.82	3.11	0.66	0.37	0.62	2.25	0.11	0.87	0.13	0.30
Investments	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
	6.85	7.44	9.14	10.75	10.42	11.53	13.37	14.73	17.61	18.43	18.09	17.61	16.69
Total Assets	15.57	16.35	17.87	20.56	20.12	21.06	22.27	23.05	27.62	27.95	28.09	28.70	27.26

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
	2.16	1.13	0.46	1.19	2.29	-0.15	-0.49	1.06	-1.06	2.57	5.18	0.84
	-1.75	-1.21	-0.86	-2.23	-1.31	-0.76	-0.66	-0.74	-3.00	-0.75	-1.74	-2.47
	-0.73	0.06	0.43	1.01	-1.00	0.91	1.12	-0.33	4.07	-0.82	-2.43	1.10
Net Cash Flow	-0.32	-0.02	0.04	-0.02	-0.01	0.00	-0.03	0.00	0.01	0.99	1.01	-0.53

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	17.77	11.44	8.27	26.00	17.29	21.88	38.76	40.52	32.31	24.76	18.38	25.00
Inventory Days	77.55	113.04	170.21	170.47	208.02	260.46	197.84	255.83	180.46	138.31	157.86	147.31
Days Payable	8.16	11.12	17.59	9.18	45.01	48.65	43.51	64.02	34.11	15.65	37.22	8.56
Cash Conversion Cycle	87.16	113.36	160.90	187.28	180.31	233.69	193.10	232.33	178.65	147.43	139.02	163.75
Working Capital Days	57.91	74.62	100.05	119.00	119.94	143.66	147.27	153.49	140.12	118.13	111.41	124.14
ROCE %	6.97%	5.22%	5.20%	5.01%	3.79%	0.28%	-1.95%	2.36%	4.82%	7.77%	4.30%	4.92%

Shareholding Pattern

Numbers in percentages

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	61.62%	61.62%	61.62%	61.62%	61.62%	61.62%	61.62%	61.62%	61.62%	61.63%	61.79%	61.79%
	0.87%	0.87%	0.87%	0.87%	0.87%	0.87%	0.87%	0.87%	0.87%	0.87%	0.87%	0.87%
	37.50%	37.50%	37.50%	37.50%	37.50%	37.50%	37.50%	37.49%	37.50%	37.50%	37.34%	37.33%
No. of Shareholders	2,411	2,536	2,547	2,547	2,566	2,552	2,558	2,543	2,550	2,561	2,584	2,599

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	60.09%	60.84%	61.39%	61.56%	61.56%	61.62%	61.62%	61.63%	61.79%
	0.87%	0.87%	0.87%	0.87%	0.87%	0.87%	0.87%	0.87%	0.87%
	39.04%	38.29%	37.73%	37.57%	37.56%	37.50%	37.50%	37.50%	37.33%
No. of Shareholders	2,419	2,372	2,303	2,271	2,250	2,536	2,552	2,561	2,599

* 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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Shivagrico Implements Ltd

Shivagrico Implements Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

Annual reports