IST Ltd - Stock Valuation and Financial Performance

BSE: 508807 | NSE: | Auto Ancillary | Small Cap

IST Share Price

921.40 5.60 0.61%
as on 05-Nov'24 00:00

DeciZen - make an informed investing decision on IST

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

IST stock performance -

mw4me loader
P/E Ratio (SA):
33.20
Market Cap:
1,071.9 Cr.
52-wk low:
682
52-wk high:
1,120

Is IST Ltd an attractive stock to invest in?

1. Is IST Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that IST Ltd is a average quality company.

2. Is IST Ltd undervalued or overvalued?

The key valuation ratios of IST Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is IST Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of IST Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of IST:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
IST Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 2.2%5.7%7.3%7.5%5.3%3.5%5.1%6.1%4.5%17.2%-
Value Creation
Index
-0.8-0.6-0.5-0.5-0.6-0.8-0.6-0.6-0.70.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 18.417.625.32422.417.629.827.626.120.122
Sales YoY Gr.--4.1%43.3%-5.1%-6.8%-21.6%69.6%-7.3%-5.6%-23%-
Adj EPS 2.13.46.88.75.95.879.58.426.627.7
YoY Gr.-61.5%97.7%27.4%-31.6%-1.9%20.7%35.1%-11%215.8%-
BVPS (₹) 129.2134.8143151.6158.1162.4169.5177.5184.2210.8217.8
Adj Net
Profit
2.547.910.16.96.88.211.19.831.132
Cash Flow from Ops. 410.77.19.28.96.511.12.811.78.1-
Debt/CF from Ops. 01.20.60000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 1%-2.2%-12.3%-23%
Adj EPS 32.4%35.1%56%215.8%
BVPS5.6%5.9%7.6%14.5%
Share Price 18% 19.8% 21.4% 27.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
1.72.64.95.93.83.64.25.54.713.512.9
Op. Profit
Mgn %
-1.34.716.918.77.89.113.66.18.7610.9
Net Profit
Mgn %
13.522.731.442.130.938.627.54037.8154.7148.7
Debt to
Equity
00.100000000-
Working Cap
Days
616566360444464496239238233289459
Cash Conv.
Cycle
173188161188188247139123122184413

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 12.90%

Net Profit is growing at healthy rate in last 3 years 56.01%

Sales growth has been subdued in last 3 years -12.32%

Sales growth is not so good in last 4 quarters at 2.51%

Latest Financials - IST Ltd.

Standalone Consolidated
TTM EPS (₹) 27.7 121.6
TTM Sales (₹ Cr.) 21.7 110
BVPS (₹.) 217.8 1,170.4
Reserves (₹ Cr.) 248 1,359
P/BV 4.22 0.79
PE 33.20 7.56
From the Market
52 Week Low / High (₹) 682.00 / 1119.95
All Time Low / High (₹) 21.00 / 1119.95
Market Cap (₹ Cr.) 1,072
Equity (₹ Cr.) 5.8
Face Value (₹) 5
Industry PE 53.8

Management X-Ray of IST:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of IST

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales18182524221830282620
Operating Expenses 19172120211926282719
Manufacturing Costs3333334555
Material Costs43655311982
Employee Cost 77999788910
Other Costs 4343353653
Operating Profit 01442-14-1-11
Operating Profit Margin (%) -1.4%4.7%16.8%16.8%7.6%-5.4%13.1%-3.0%-2.7%6.0%
Other Income 610111211119161341
Interest 0010010000
Depreciation 2233333333
Exceptional Items 0000000000
Profit Before Tax 391113961012939
Tax 1233212318
Profit After Tax 379108589831
PAT Margin (%) 13.7%37.6%34.8%42.0%34.0%28.5%27.3%33.8%29.8%154.7%
Adjusted EPS (₹)2.25.77.58.66.54.37.08.06.726.6
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 151157167177184189198207215246
Share Capital 6666666666
Reserves 145151161171179184192201209240
Minority Interest0000000000
Debt01340000000
Long Term Debt01340000000
Short Term Debt0000000000
Trade Payables0100001101
Others Liabilities 8101114111110141318
Total Liabilities 159180182192196201209222228265

Fixed Assets

Gross Block43447171737618202120
Accumulated Depreciation18203581110111112
Net Fixed Assets25246866666598108
CWIP 0000000000
Investments 971278390105113128138150185
Inventories6787785448
Trade Receivables3565466555
Cash Equivalents 3334100111
Others Assets2515151914961645858
Total Assets 159180182192196201209222228265

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 4117996113128
PBT 391113961012939
Adjustment 0-4-10-21-4-62-26
Changes in Working Capital 28-00416-12-2
Tax Paid -1-2-3-3-2-2-1-2-2-3
Cash Flow From Investing Activity -5-233-4-12-6-10-1-11-7
Capex -1-100-20-2-10-1
Net Investments -8-250-8-13-7-13-4-15-12
Others 3334415546
Cash Flow From Financing Activity 013-10-40-1-1-1-1-1
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 013-9-4000000
Interest Paid 00-10000000
Dividend Paid 0000000000
Others 00000-1-1-1-1-1
Net Cash Flow -1001-3001-10
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)1.694.35.425.864.212.674.24.613.6913.48
ROCE (%)2.195.727.327.515.283.525.126.074.5317.24
Asset Turnover Ratio0.130.120.160.130.120.090.150.130.120.08
PAT to CFO Conversion(x)1.331.570.780.91.131.21.380.331.50.26
Working Capital Days
Receivable Days62727385759770727089
Inventory Days12012797111120156796360108
Payable Days355634332937223625139

IST Ltd Stock News

IST Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of IST on 05-Nov-2024 00:00 is ₹921.4.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 05-Nov-2024 00:00 the market cap of IST stood at ₹1,071.9.
The latest P/E ratio of IST as of 05-Nov-2024 00:00 is 33.20.
The latest P/B ratio of IST as of 05-Nov-2024 00:00 is 4.22.
The 52-week high of IST is ₹1,120 and the 52-week low is ₹682.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of IST is ₹21.70 ( Cr.) .

About IST Ltd

Indo Swiss Time Limited (IST) was incorporated as a public limited company on 1976 to carry on the business of manufacture, design, import and export of watches and watch parts, components, cases and other ancillary products.

They have a Variety of Turned, Milled, Drilled jobs and Stampings on Swiss and German plant with in-house designing, tooling, surface and heat treatment. 45,000 sq. mtrs. of lush green industrial estate 45 Kms. from New Delhi International Airport.Connected Power Load 750 KW.Self-Generation capacity for Power 600 KVA.

The primary operations of the company are now manufacturing components for exports.  The components manufactured are high quality precision components used in electronic, medical and dental instrument.  The company had developed the components to meet the exacting standards required of its international customers and has been able to secure repeat orders from its buyers. 

They manufacture Precision Turned, Milled, Drilled Components and stampings for the following Industries

  • Auto component industry
  • White goods industry
  • Consumer goods industry
  • Dentel & Orthopeadic Implants

Product range of the company includes:

  • Automotive Transmission Parts.
  • Carburettor Parts
  • Fuel Injection Equipment & Parts
  • Precision Components & Assemblies for-Communication Equipment & Office Products.-Consumer Durable & White Goods. -Oral Care Products. -Instrumentation & Engineering Goods
  • Dental & Orthopeadic Screws

The Major Customers of the company are:

  • General motors, Powertrain Division, Nao, Detroit, USA
  • Borg warner , USA
  • General motors, India
  • Maruti-Suzuki, India
  • Tata-Fiat Automobiles, India
  • Gimmeli Production AG, Switzerland, Hongkong & China
  • Ucal fuel systems (mikuni), India
  • Keihin Fie, India
  • Siemens, India

Achievements/ recognition:

  • ISO/TS 16949:2000 and ISO 14001 Certified Unit. (Through RWTUV Germany).

Future plans:

  • Expansion Projects under execution for Auto Components / Assemblies at Bawal (40,000 sq.mtrs.) and Manesar (9000 sq.mtrs.), Haryana
  • Diversification through Collaborations, Joint Ventures or Technology Transfer Agreements  for new products.
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