Past 10 year's financial track record analysis by Moneyworks4me indicates that Simmonds Marshall Ltd is a average quality company.
The key valuation ratios of Simmonds Marshall Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Simmonds Marshall Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 20.7% | 14.6% | 15.1% | 20.1% | 11.7% | -4.8% | -9.5% | 4.3% | 7.5% | 15.4% | - |
| Value Creation Index ⓘ | 0.5 | 0.0 | 0.1 | 0.4 | -0.2 | -1.3 | -1.7 | -0.7 | -0.5 | 0.1 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 135 | 136 | 145 | 175 | 182 | 142 | 124 | 147 | 171 | 177 | 185 |
| Sales YoY Gr. | - | 0.7% | 6.5% | 20.7% | 3.9% | -22.1% | -12.4% | 18.5% | 16.2% | 3.4% | - |
| Adj EPS ⓘ | 6.6 | 4.8 | 5.8 | 8.6 | 5.4 | -6.3 | -15.8 | -4.1 | -2.1 | 2.1 | 6.4 |
| YoY Gr. | - | -27.3% | 19.7% | 48.9% | -37.1% | -215.9% | NA | NA | NA | NA | - |
| BVPS (₹) ⓘ | 38.5 | 42.3 | 48.3 | 56.3 | 60.3 | 52 | 35.8 | 31 | 28.9 | 32.1 | 36 |
| Adj Net Profit ⓘ | 7.4 | 5.4 | 6.5 | 9.6 | 6.1 | -7 | -17.7 | -4.6 | -2.3 | 2.4 | 7 |
| Cash Flow from Ops. ⓘ | 8.6 | 9.3 | 9 | 10.9 | -0.4 | 12.6 | 7.1 | 14 | 13.2 | 16.7 | - |
| Debt/CF from Ops. ⓘ | 4 | 3.5 | 3.5 | 2.6 | -93.4 | 3.8 | 7.7 | 3.7 | 3.6 | 2.9 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 3% | -0.6% | 12.5% | 3.4% | ||||
| Adj EPS ⓘ | -12% | -17.1% | NA | NA | ||||
| BVPSⓘ | -2% | -11.9% | -3.6% | 10.9% | ||||
| Share Price | 5.6% | 25.8% | 19.7% | 56.1% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 18.5 | 11.9 | 12.7 | 16.4 | 9.3 | -11.2 | -36.1 | -12.3 | -6.9 | 6.9 | 18.7 |
| Op. Profit Mgn % ⓘ | 14.1 | 12 | 11.4 | 12 | 8.5 | 0.8 | -2.5 | 7.4 | 6.9 | 9.7 | 11.2 |
| Net Profit Mgn % ⓘ | 5.5 | 4 | 4.5 | 5.5 | 3.3 | -5 | -14.3 | -3.1 | -1.4 | 1.3 | 3.9 |
| Debt to Equity ⓘ | 0.8 | 0.7 | 0.6 | 0.4 | 0.6 | 0.8 | 1.4 | 1.5 | 1.5 | 1.3 | 0.4 |
| Working Cap Days ⓘ | 148 | 163 | 175 | 166 | 191 | 273 | 315 | 257 | 210 | 193 | 71 |
| Cash Conv. Cycle ⓘ | 99 | 109 | 121 | 108 | 126 | 161 | 149 | 105 | 92 | 86 | 13 |
Return on Equity has increased versus last 3 years average to 18.70%
Sales growth is growing at healthy rate in last 3 years 12.51%
Net Profit has been subdued in last 3 years 0.00%
Debt to equity has increased versus last 3 years average to 1.33
Sales growth is not so good in last 4 quarters at 8.63%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 6.4 | 6.2 |
| TTM Sales (₹ Cr.) | 185 | 200 |
| BVPS (₹.) ⓘ | 36 | 36 |
| Reserves (₹ Cr.) ⓘ | 38 | 38 |
| P/BV ⓘ | 3.68 | 3.68 |
| PE ⓘ | 20.75 | 21.36 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 63.10 / 182.00 |
| All Time Low / High (₹) | 0.31 / 182.00 |
| Market Cap (₹ Cr.) | 148 |
| Equity (₹ Cr.) | 2.2 |
| Face Value (₹) | 2 |
| Industry PE ⓘ | 42 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 135 | 136 | 145 | 175 | 182 | 142 | 124 | 147 | 171 | 177 |
| Operating Expenses ⓘ | 117 | 121 | 129 | 154 | 167 | 142 | 128 | 137 | 160 | 160 |
| Manufacturing Costs | 32 | 34 | 35 | 45 | 47 | 40 | 30 | 33 | 40 | 39 |
| Material Costs | 49 | 51 | 55 | 62 | 66 | 52 | 51 | 54 | 67 | 73 |
| Employee Cost | 23 | 22 | 25 | 34 | 37 | 35 | 36 | 40 | 41 | 38 |
| Other Costs ⓘ | 13 | 13 | 13 | 13 | 17 | 14 | 11 | 10 | 11 | 10 |
| Operating Profit ⓘ | 18 | 16 | 16 | 21 | 15 | 0 | -3 | 10 | 11 | 17 |
| Operating Profit Margin (%) | 13.6% | 11.4% | 11.0% | 11.9% | 8.3% | 0.1% | -2.7% | 6.9% | 6.5% | 9.7% |
| Other Income ⓘ | 0 | 0 | 1 | 1 | 1 | 0 | 0 | 1 | 2 | 1 |
| Interest ⓘ | 4 | 4 | 3 | 3 | 4 | 5 | 8 | 9 | 9 | 9 |
| Depreciation ⓘ | 4 | 4 | 4 | 4 | 4 | 5 | 7 | 7 | 7 | 7 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Profit Before Tax ⓘ | 11 | 8 | 10 | 14 | 8 | -10 | -18 | -5 | -3 | 3 |
| Tax ⓘ | 4 | 3 | 3 | 4 | 2 | -3 | 0 | 0 | 0 | 0 |
| Profit After Tax | 7 | 5 | 6 | 10 | 6 | -8 | -18 | -5 | -3 | 3 |
| PAT Margin (%) | 5.3% | 3.6% | 4.4% | 5.7% | 3.2% | -5.4% | -14.4% | -3.3% | -1.6% | 1.9% |
| Adjusted EPS (₹) | 6.4 | 4.4 | 5.7 | 9.0 | 5.2 | -6.9 | -16.0 | -4.4 | -2.5 | 3.1 |
| Dividend Payout Ratio (%) | 8% | 11% | 9% | 8% | 10% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 43 | 47 | 54 | 63 | 67 | 58 | 40 | 35 | 32 | 36 |
| Share Capital ⓘ | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Reserves ⓘ | 41 | 45 | 52 | 61 | 65 | 56 | 38 | 32 | 30 | 34 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 32 | 29 | 28 | 24 | 34 | 43 | 49 | 47 | 42 | 43 |
| Long Term Debt | 16 | 13 | 13 | 10 | 12 | 17 | 22 | 20 | 15 | 17 |
| Short Term Debt | 16 | 16 | 15 | 14 | 22 | 26 | 27 | 26 | 26 | 25 |
| Trade Payables | 15 | 12 | 17 | 25 | 28 | 24 | 34 | 29 | 36 | 26 |
| Others Liabilities ⓘ | 13 | 10 | 9 | 8 | 8 | 31 | 71 | 70 | 62 | 61 |
| Total Liabilities ⓘ | 103 | 98 | 108 | 120 | 137 | 157 | 193 | 181 | 171 | 165 |
Fixed Assets | ||||||||||
| Gross Block | 44 | 44 | 32 | 35 | 40 | 43 | 105 | 105 | 105 | 108 |
| Accumulated Depreciation | 18 | 22 | 4 | 8 | 12 | 18 | 22 | 28 | 34 | 41 |
| Net Fixed Assetsⓘ | 26 | 22 | 28 | 27 | 28 | 26 | 83 | 77 | 71 | 67 |
| CWIP ⓘ | 0 | 0 | 0 | 1 | 1 | 19 | 0 | 0 | 0 | 5 |
| Investmentsⓘ | 3 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 4 | 4 |
| Inventories | 32 | 29 | 31 | 36 | 59 | 62 | 53 | 49 | 58 | 51 |
| Trade Receivables | 33 | 32 | 37 | 47 | 38 | 17 | 25 | 24 | 23 | 21 |
| Cash Equivalents | 6 | 6 | 3 | 1 | 1 | 1 | 0 | 0 | 0 | 0 |
| Others Assetsⓘ | 4 | 5 | 5 | 3 | 7 | 29 | 28 | 27 | 16 | 18 |
| Total Assets ⓘ | 103 | 98 | 108 | 120 | 137 | 157 | 193 | 181 | 171 | 165 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 9 | 9 | 9 | 11 | 0 | 13 | 7 | 14 | 13 | 17 |
| PBT ⓘ | 11 | 8 | 10 | 14 | 8 | -10 | -18 | -5 | -3 | 3 |
| Adjustment ⓘ | 8 | 8 | 6 | 6 | 8 | 10 | 15 | 16 | 15 | 14 |
| Changes in Working Capital ⓘ | -6 | -2 | -3 | -6 | -13 | 13 | 9 | 3 | 1 | -0 |
| Tax Paid ⓘ | -4 | -4 | -4 | -4 | -3 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | -6 | -1 | -8 | -3 | -5 | -17 | -7 | -3 | -1 | -7 |
| Capex | -7 | -1 | -8 | -4 | -6 | -16 | -8 | -3 | -1 | -9 |
| Net Investments | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 2 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Cash Flow From Financing Activityⓘ | -2 | -8 | -3 | -8 | 6 | 4 | 0 | -11 | -13 | -10 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 2 | -3 | 1 | -4 | 2 | 6 | 6 | -2 | -4 | 1 |
| Interest Paid ⓘ | -4 | -4 | -3 | -3 | -4 | -5 | -7 | -8 | -8 | -10 |
| Dividend Paid ⓘ | -1 | -1 | 0 | -1 | -1 | -1 | 0 | 0 | 0 | 0 |
| Others ⓘ | 1 | 0 | -1 | -1 | 8 | 4 | 1 | -1 | -1 | -1 |
| Net Cash Flow ⓘ | 0 | 0 | -2 | -1 | 0 | 0 | 0 | 0 | 0 | 0 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 17.81 | 10.91 | 12.48 | 17.16 | 8.83 | -12.26 | -36.41 | -13.05 | -8.21 | 10.01 |
| ROCE (%) | 20.72 | 14.6 | 15.07 | 20.06 | 11.71 | -4.76 | -9.47 | 4.34 | 7.52 | 15.39 |
| Asset Turnover Ratio | 1.61 | 1.5 | 1.41 | 1.53 | 1.41 | 0.96 | 0.71 | 0.79 | 0.97 | 1.05 |
| PAT to CFO Conversion(x) | 1.29 | 1.8 | 1.5 | 1.1 | 0 | N/A | N/A | N/A | N/A | 5.67 | Working Capital Days |
| Receivable Days | 72 | 79 | 88 | 88 | 85 | 71 | 62 | 61 | 50 | 46 |
| Inventory Days | 66 | 73 | 76 | 71 | 96 | 156 | 169 | 127 | 114 | 112 |
| Payable Days | 92 | 97 | 95 | 124 | 147 | 182 | 208 | 210 | 174 | 155 |
Simmonds Marshall Limited was incorporated in 1960 as a Private Company in technical and financial collaboration with Firth Cleveland Fastenings UK holding 51% of the equity of the company. This shareholding was diluted progressively and the balance of foreign holding was purchased fully by the promoters in 1987.
In 1986, the company went public and is now a quoted company on the stock exchange. The company manufactures a range of Specialized Nylon Insert Self Locking Nuts and other Special Fasteners.
The company has been augmenting its cold forming capacity and can produce over 500 million nuts per annum in a wide range from M4 to M48 diameter and equivalent imperial sizes. These nuts are manufactured either to American, British, Japanese, ISO or Indian Standards in a variety of thread forms and protective finishes.
The company also has a battery of multi-spindle automatic bar turning centres capable of producing related automotive components as well.
The company is fully equipped to supply a wide range of Bolts from our associated companies ranging from M5 to M70.
Product range of the company includes:
Clientele:
Simmonds Marshall caters to the automotive and industrial sectors and supplies to almost all the major Automobile Manufacturers in India as OE suppliers. Furthermore, General Motors, Fiat, Honda, Caterpillar, Suzuki, Leyland, Dana, New Holland are some of the world's finest companies that source their requirements from it.
Achievements/ recognition:
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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