Saint-Gobain Sekurit India Ltd - Stock Valuation and Financial Performance

BSE: 515043 | NSE: | Auto Ancillary | Small Cap

Saint-Gobain Sekurit Share Price

125.80 5.15 4.27%
as on 21-Nov'24 16:00

DeciZen - make an informed investing decision on Saint-Gobain Sekurit

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Saint-Gobain Sekurit India stock performance -

mw4me loader
P/E Ratio (SA):
34.99
Market Cap:
1,099.2 Cr.
52-wk low:
109
52-wk high:
156

Is Saint-Gobain Sekurit India Ltd an attractive stock to invest in?

1. Is Saint-Gobain Sekurit India Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Saint-Gobain Sekurit India Ltd is a good quality company.

2. Is Saint-Gobain Sekurit India Ltd undervalued or overvalued?

The key valuation ratios of Saint-Gobain Sekurit India Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Saint-Gobain Sekurit India Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Saint-Gobain Sekurit India 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 Saint-Gobain Sekurit:

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.
Saint-Gobain Sekurit India Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 9.8%0.6%12.5%21.8%20.4%14.4%11.2%36.9%21.1%22.4%-
Value Creation
Index
-0.3-1.0-0.10.60.50.0-0.21.60.50.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 133141123146160135105151186201196
Sales YoY Gr.-6%-12.3%18.6%9.1%-15.5%-22.3%44.2%23.2%7.7%-
Adj EPS 0.80.90.71.31.41.212.82.62.73.5
YoY Gr.-13.3%-17.7%90%8.3%-20.1%-12.2%180.2%-7.8%2.7%-
BVPS (₹) 8.88.89.51112.814.215.519.819.921.821.6
Adj Net
Profit
6.97.76.412.113.110.59.225.823.824.531
Cash Flow from Ops. 15.210.77.216.523.627.12.411.634.129.7-
Debt/CF from Ops. 00.10.30.30.10.12.30.50.20-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 4.7%4.7%24.2%7.7%
Adj EPS 15.2%13.2%38.4%2.7%
BVPS10.6%11.3%12%9.8%
Share Price 10.9% 23.1% 21.2% 5.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
99.67.71312.18.56.816.113.212.915.9
Op. Profit
Mgn %
13.715.713.118.416.514.516.222.619.218.518.1
Net Profit
Mgn %
5.25.55.28.38.27.88.81712.812.216.1
Debt to
Equity
00000000000
Working Cap
Days
1111091038986991331118977192
Cash Conv.
Cycle
26213247483858635239170

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 15.90%

Sales growth is growing at healthy rate in last 3 years 24.15%

Net Profit is growing at healthy rate in last 3 years 38.44%

Sales growth is not so good in last 4 quarters at 1.34%

Latest Financials - Saint-Gobain Sekurit India Ltd.

Standalone Consolidated
TTM EPS (₹) 3.5 -
TTM Sales (₹ Cr.) 196 -
BVPS (₹.) 21.6 -
Reserves (₹ Cr.) 105 -
P/BV 5.60 -
PE 34.99 -
From the Market
52 Week Low / High (₹) 109.00 / 156.00
All Time Low / High (₹) 4.06 / 156.00
Market Cap (₹ Cr.) 1,099
Equity (₹ Cr.) 91.1
Face Value (₹) 10
Industry PE 51.1

Management X-Ray of Saint-Gobain Sekurit:

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 Saint-Gobain Sekurit

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
Sales133141123146160135105151186201
Operating Expenses 11511910812013411689117151164
Manufacturing Costs31333134403425344545
Material Costs62665767736145678898
Employee Cost 13121111121214121212
Other Costs 9888985568
Operating Profit 18221627261916343637
Operating Profit Margin (%) 13.2%15.6%12.8%18.3%16.1%14.0%15.4%22.4%19.2%18.4%
Other Income 12336754710
Interest 0000000000
Depreciation 10989985444
Exceptional Items 0-15000002800
Profit Before Tax 801021231815613943
Tax 1047744131011
Profit After Tax 70714161311482931
PAT Margin (%) 5.1%0.0%5.5%9.4%10.1%9.9%10.9%31.5%15.5%15.6%
Adjusted EPS (₹)0.70.00.71.51.81.51.35.23.23.4
Dividend Payout Ratio (%)0%0%0%0%0%0%80%57%47%58%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 808087101116129141180181199
Share Capital 91919191919191919191
Reserves -11-11-492538508990108
Minority Interest0000000000
Debt0124325651
Long Term Debt0000000000
Short Term Debt0124325651
Trade Payables181398141612131315
Others Liabilities 1548669116711
Total Liabilities 11398106119140156169204207226

Fixed Assets

Gross Block136475962656565666769
Accumulated Depreciation8681624334043464952
Net Fixed Assets50394438322522201817
CWIP 1220000101
Investments 101523435197103133143160
Inventories1212119131111171420
Trade Receivables19151624221827292519
Cash Equivalents 00111701235
Others Assets2114103455334
Total Assets 11398106119140156169204207226

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 151171724272123430
PBT 8151021231815613943
Adjustment 11856422-27-3-6
Changes in Working Capital -2-3-6-8413-11-1382
Tax Paid -1-2-3-3-7-5-4-9-9-10
Cash Flow From Investing Activity -9-10-8-18-21-27-5-2-5-9
Capex -1-7-1-1-3-3-1-3-2-2
Net Investments -9-3-7-18-19-26-4-26-3-7
Others 00000102600
Cash Flow From Financing Activity -6012-1-13-9-28-18
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 0000000000
Dividend Paid 0000000-9-27-14
Others -6012-1-1300-5
Net Cash Flow 00001-11012
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)8.7808.1214.7214.8310.938.4429.716.0116.46
ROCE (%)9.840.5612.5421.7920.4114.3611.2336.921.1122.39
Asset Turnover Ratio1.391.491.361.341.240.910.640.810.910.93
PAT to CFO Conversion(x)2.14N/A11.211.52.080.180.251.170.97
Working Capital Days
Receivable Days41404149535477675340
Inventory Days31283025253238343131
Payable Days858772485691113675353

Saint-Gobain Sekurit India Ltd Stock News

Saint-Gobain Sekurit India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Saint-Gobain Sekurit on 21-Nov-2024 16:00 is ₹125.8.
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 21-Nov-2024 16:00 the market cap of Saint-Gobain Sekurit stood at ₹1,099.2.
The latest P/E ratio of Saint-Gobain Sekurit as of 21-Nov-2024 16:00 is 34.99.
The latest P/B ratio of Saint-Gobain Sekurit as of 21-Nov-2024 16:00 is 5.60.
The 52-week high of Saint-Gobain Sekurit is ₹156.0 and the 52-week low is ₹109.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Saint-Gobain Sekurit is ₹195.8 ( Cr.) .

About Saint-Gobain Sekurit India Ltd

Saint-Gobain established its presence in India by acquiring a majority stake in Grindwell Norton Ltd. in 1996, and thereafter went on to consolidate and strengthen its presence within the country.

Saint-Gobain Sekurit is a subsidiary of Saint-Gobain, one of the top 100 industrial companies in the world. Saint-Gobain is active in five main sectors: flat glass, high-performance materials, construction products, building distribution and packaging.

Saint-Gobain Sekurit supplies automotive glazing and modular components for the global vehicle manufacturing segment and the replacement market. The company is present in 22 countries, with 45 per cent market share in the European Market, 23 per cent Worldwide and a rapidly growing presence in Asia.

Saint-Gobain Sekurit India (SGSI), produces laminated and tempered glazing for the Indian Automotive Market and has a presence in several important OEMs like Tata Motors, Hyundai Motors, Toyota Kirloskar Motors, General Motors, Mahindra-Renault, among others. SGSI’s product range includes glasses for passenger cars and MUV’s, Commercial Vehicles, 3-wheelers and bus/coach builders. It has two manufacturing facilities in Pune (Chakan and Bhosari) and a new facility at Sriperumbudur, near Chennai.

In view of the anticipated growth of the automotive segment in India, work on the state-of-the-art greenfield facility was started in 2004 in Sriperumbudur. The state-of-the-art plant is highly flexible, automated and scaleable. It will have an eventual capacity of 2 million car sets for Laminated Windshields, Sidelites and complex Backlites. The Pune facilities at Chakan and Bhosari are being modernized through significant investments and are dedicated to complex Curved Windshields and Backlites.

The Saint-Gobain Sekurit business in India has shown strong growth in the last 4 years and has captured significant market share. With the state-of-the-art technology and capacity additions planned, SGSI is poised to become the supplier of choice among automotive majors in India in the next few years.

Saint-Gobain is organized into three main sectors where it holds a position of world leader:

  • Housing products (building distribution, building materials, pipelines)
  • Glass (flat glass, insulation and reinforcement, packaging)
  • High-performance materials (ceramics & plastics and abrasives)

Saint-Gobain Sekurit supplies different glazing options to the new Exeo that has been presented by Seat in Valencia at the end of February 2009: Windshields with acoustic glazing and heat reflecting glazing, also laminated side glazing or dark tinted glazing behind the B-pillar. These innovative added value glazing reduce the sound level in the vehicle as well as they improve thermal comfort.

Product range of the company includes:

  • Acoustic Glass
  • Anti-Heat Glass
  • Dark Tinted Glass
  • Electrochromic Glass
  • Heatable Glass
  • Hydrophobic Glass
  • Laminated Glass
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