SML Isuzu Ltd - Stock Valuation and Financial Performance

BSE: 505192 | NSE: SMLISUZU | Automobiles-Trucks/Lcv | Small Cap

SML Isuzu Share Price

1,598.65 -67.60 -4.06%
as on 21-Nov'24 16:59

DeciZen - make an informed investing decision on SML Isuzu

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

SML Isuzu stock performance -

mw4me loader
P/E Ratio (SA):
19.57
Market Cap:
2,411.3 Cr.
52-wk low:
1,225.2
52-wk high:
2,470.1

Is SML Isuzu Ltd an attractive stock to invest in?

1. Is SML Isuzu Ltd a good quality company?

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

2. Is SML Isuzu Ltd undervalued or overvalued?

The key valuation ratios of SML Isuzu Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is SML Isuzu Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of SML Isuzu 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 SML Isuzu:

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.
SML Isuzu 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 % 18.1%20.4%21.5%3.8%6.4%-3.9%-20.6%-16.4%9.5%24.1%-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,1061,1661,3561,1351,4091,1545919241,8222,1962,362
Sales YoY Gr.-5.5%16.3%-16.3%24.2%-18.1%-48.8%56.4%97.1%20.6%-
Adj EPS 25.535.443.55.613.8-14.1-92.5-69.613.47485.1
YoY Gr.-38.8%23%-87.2%146.6%-202.3%NANANA452.7%-
BVPS (₹) 209.3235279275.1285.8265.9176.6111.6123197.3228.4
Adj Net
Profit
36.951.2638.119.9-20.4-134-10119.4107123
Cash Flow from Ops. 68.8-11.8121-32.855.2150-46.7-18.690.1-49.7-
Debt/CF from Ops. 0.3-4.70.3-6.54.51.2-5.4-15.62.9-8.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 7.9%9.3%54.9%20.6%
Adj EPS 12.6%40%NA452.7%
BVPS-0.7%-7.1%3.8%60.5%
Share Price 6% 25.9% 30.9% 5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
12.715.916.924.9-5.1-41.8-48.311.446.240
Op. Profit
Mgn %
5.97.58.145.31.1-11.6-4.54.58.29.3
Net Profit
Mgn %
3.34.44.70.71.4-1.8-22.7-10.91.14.95.2
Debt to
Equity
0.10.20.10.50.60.511.81.51.50.1
Working Cap
Days
1411421241631581612211519511055
Cash Conv.
Cycle
455643797458945332513

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 40.00%

Sales growth is growing at healthy rate in last 3 years 54.88%

Debt to equity has declined versus last 3 years average to 1.46

Sales growth is good in last 4 quarters at 15.68%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - SML Isuzu Ltd.

Standalone Consolidated
TTM EPS (₹) 85.1 -
TTM Sales (₹ Cr.) 2,362 -
BVPS (₹.) 228.4 -
Reserves (₹ Cr.) 316 -
P/BV 7.30 -
PE 19.57 -
From the Market
52 Week Low / High (₹) 1225.15 / 2470.05
All Time Low / High (₹) 6.43 / 2470.05
Market Cap (₹ Cr.) 2,411
Equity (₹ Cr.) 14.5
Face Value (₹) 10
Industry PE 29.3

Management X-Ray of SML Isuzu:

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 SML Isuzu

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
Sales1,1061,1661,3561,1351,4091,1545919241,8222,196
Operating Expenses 1,0401,0801,2461,0901,3351,1426609651,7402,017
Manufacturing Costs20232427262218212428
Material Costs8118481,0018401,0619044717571,4611,697
Employee Cost 120125140146167155133133172196
Other Costs 90848177816138548396
Operating Profit 6687110457412-69-4182179
Operating Profit Margin (%) 5.9%7.4%8.1%4.0%5.3%1.0%-11.6%-4.5%4.5%8.1%
Other Income 9643455635
Interest 65611161523222530
Depreciation 20202428384146444248
Exceptional Items 0000000000
Profit Before Tax 496884924-38-133-10017106
Tax 12172115-170-1-3-1
Profit After Tax 375163820-21-133-10020108
PAT Margin (%) 3.3%4.4%4.6%0.7%1.4%-1.8%-22.6%-10.8%1.1%4.9%
Adjusted EPS (₹)25.535.443.55.913.5-14.6-92.2-68.913.774.5
Dividend Payout Ratio (%)24%23%18%26%22%0%0%0%0%21%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 303340404398414385256161178286
Share Capital 14141414141414141414
Reserves 288326389384399370241147163271
Minority Interest0000000000
Debt225540188214128207243241390
Long Term Debt0035118104954791740
Short Term Debt225557011033160234224350
Trade Payables200172191212272167183245292332
Others Liabilities 198225151188195164136151209186
Total Liabilities 7247937859871,0958437818019191,193

Fixed Assets

Gross Block236283239417469554561564610638
Accumulated Depreciation98112245290128173215254298
Net Fixed Assets138171215365380426389349356341
CWIP 274078352735161111
Investments 0000000000
Inventories286339295364424269260296422580
Trade Receivables10410311511714939397976169
Cash Equivalents 883682230363314649
Others Assets811047584856955474945
Total Assets 7247937859871,0958437818019191,193

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 69-12121-3355150-47-1990-50
PBT 496884924-38-133-10017106
Adjustment 23182735565867586478
Changes in Working Capital 4-7833-72-2113020133-233
Tax Paid -7-19-24-6-40-1116-1
Cash Flow From Investing Activity -103-13-89-98-58-47-28-7-42-46
Capex -34-67-120-100-61-48-19-19-41-37
Net Investments -71452600-1-1110-1-11
Others 2952322212
Cash Flow From Financing Activity 1117-3414610-976017-55127
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0035105-130-42-34-1732
Interest Paid -6-5-6-10-15-13-23-20-24-28
Dividend Paid -4-9-11-11-2-50000
Others 2231-516240-7912572-13124
Net Cash Flow -23-8-21576-15-8-731
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)12.7515.9116.942.124.82-5.28-41.69-47.8411.6946.55
ROCE (%)18.1420.421.513.796.37-3.88-20.61-16.49.5324.06
Asset Turnover Ratio1.751.721.921.331.351.210.741.192.162.11
PAT to CFO Conversion(x)1.86-0.241.92-4.132.75N/AN/AN/A4.5-0.46
Working Capital Days
Receivable Days28292636342924231520
Inventory Days8087761021021081601087082
Payable Days8280668783891361036767

SML Isuzu Ltd Stock News

SML Isuzu Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of SML Isuzu on 21-Nov-2024 16:59 is ₹1,598.7.
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 16:59 the market cap of SML Isuzu stood at ₹2,411.3.
The latest P/E ratio of SML Isuzu as of 21-Nov-2024 16:59 is 19.57.
The latest P/B ratio of SML Isuzu as of 21-Nov-2024 16:59 is 7.30.
The 52-week high of SML Isuzu is ₹2,470.1 and the 52-week low is ₹1,225.2.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of SML Isuzu is ₹2,362 ( Cr.) .

About SML Isuzu Ltd

SML ISUZU, earlier known as Swaraj Mazda, incorporated in 1983 as Swaraj Vehicles, is engaged in manufacturing of vehicles for goods and passenger applications. In 1984 the company entered in a joint venture with Punjab Tractors, Mazda Motor Corporation and Sumitomo Corporation, Japan for the manufacture of light commercial vehicles (LCVs). Thus the name of the company was changed to Swaraj Mazda.

Swaraj Mazda manufactures a range of vehicles such as trucks, buses and ambulances. The company has launched products like 4WD, Samrat, Sartaj, Dual Cab, Supreme-8 tonner, Truck- Super 12, Super ALFD and many more.

Milestones

1983- Swaraj Vehicles was incorporated in July of that year.   

1984- The company entered in a joint venture with Punjab Tractors, Mazda Motor Corporation, Japan & Sumitomo Corporation, Japan. SVL was renamed as Swaraj Mazda.   

1985- The company established a project with a capacity of 5000 LCVs at capital investment of Rs 20 crore. The company commenced trail production and test marketing of Swaraj Mazda Truck WT-48, WT-49 and WT-50 LCVs. The company also developed a vendor base as per PMP approved by the Government of India.  

1986- The company commences commercial operations.   

1987- SML introduced indigenously developed bus.

1989- It set up an in-house tooling for local production of chassis long member.

1990- It launched its second truck model (Swaraj Mazda Super).

1991- Transmission components indigenised.

1992- The company started supply of trucks to the defence ministry. It supplied 500 vehicles to the defence sector. 

1993- The company launched its third truck model (Swaraj Mazda Premium).   

1994- SML was declared a sick company under SICA (due to rupee devaluation of 1991-93).

1995- BIFR approves rehabilitation scheme.

1996- The company developed a 4-wheel drive truck.   

1998- The company completes wipe off of accumulated losses.

2000- SML extended technical assistance agreement up to October 2004.     

2001- The company’s cumulative sales crossed 50,000 vehicles. In March SWL launched a 4-wheel drive ambulance. In August company launched an economy truck ‘Sartaj'. The company launched a CNG Bus for NCR Delhi in October.

2002- The company’s profit before tax for FY 2002 crosses Rs 100 million mark.   

2003- Profit before tax for FY-2003 grows 115% to Rs 225 million.    

2004- SWL’s profit before tax for FY-2004 grows 44% to Rs. 324 million.  

2005- The company’s cumulative sales crossed 86,000 vehicles. In June, Punjab Tractors sold off its 15% of equity stake in favour of Sumitomo Corporation, Japan. In August, Mazda Motor Corporation sold off its 15% of equity holding in favour of Sumitomo Corporation, Japan

2006- The company received approval from government for new manufacturing facilities at existing site in January. The company entered technical assistance agreement with Isuzu Motors. In August company started construction of buildings for vehicle expansion and new bus body plant. 

2007- The company conducted trial production of Isuzu bus LT134 in July.

2008- The company launched ultra luxury buses in July

2009- Sumitomo raised its stake in the company to 53.5% by purchasing the entire equity stake of Punjab Tractors in the company.  

2011- Swaraj Mazda renamed as SML ISUZU LIMITED

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