Past 10 year's financial track record analysis by Moneyworks4me indicates that Samrat Forgings Ltd is a average quality company.
The key valuation ratios of Samrat Forgings Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Samrat Forgings 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'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 13% | 11.5% | 10.5% | 11.3% | 12.6% | 11.3% | 10.6% | 14.7% | 15.2% | 15.3% | - |
| Value Creation Index ⓘ | -0.1 | -0.2 | -0.3 | -0.2 | -0.1 | -0.2 | -0.2 | 0.1 | 0.1 | 0.1 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 77.4 | 68.3 | 66.8 | 71 | 80 | 96.2 | 82.1 | 118 | 139 | 181 | 164 |
| Sales YoY Gr. | - | -11.7% | -2.3% | 6.3% | 12.7% | 20.3% | -14.6% | 43.4% | 18.5% | 30% | - |
| Adj EPS ⓘ | 2.1 | 0.2 | 0.6 | 1 | 2.6 | 2.1 | 0.1 | 4.5 | 7 | 9.6 | 5.8 |
| YoY Gr. | - | -90% | 185.7% | 71.7% | 151.5% | -20.9% | -96.1% | 5475% | 57.6% | 36.8% | - |
| BVPS (₹) ⓘ | 27.7 | 27.9 | 28.5 | 29.5 | 32.1 | 34.1 | 34.9 | 39.7 | 46.9 | 57 | 65.8 |
| Adj Net Profit ⓘ | 1.1 | 0.1 | 0.3 | 0.5 | 1.3 | 1 | 0 | 2.2 | 3.5 | 4.8 | 3 |
| Cash Flow from Ops. ⓘ | 8.9 | 5.2 | 1.8 | 4.2 | 2.3 | 9.6 | 9.3 | 4.2 | 11.3 | 15.7 | - |
| Debt/CF from Ops. ⓘ | 3.2 | 5.5 | 15.8 | 6 | 14.9 | 3.9 | 4.1 | 10 | 4.1 | 3.8 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 9.9% | 17.8% | 30.2% | 30% | ||||
| Adj EPS ⓘ | 18.4% | 30% | 393.6% | 36.8% | ||||
| BVPSⓘ | 8.4% | 12.2% | 17.8% | 21.5% | ||||
| Share Price | - | - | 30.8% | -20.3% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 7.9 | 0.8 | 2.1 | 3.5 | 8.4 | 6.2 | 0.2 | 12 | 16.2 | 18.5 | 9.4 |
| Op. Profit Mgn % ⓘ | 6.8 | 7 | 9.5 | 9.2 | 9.4 | 8.4 | 10.3 | 9.7 | 8.9 | 8.2 | 8.1 |
| Net Profit Mgn % ⓘ | 1.4 | 0.2 | 0.5 | 0.7 | 1.6 | 1.1 | 0.1 | 1.9 | 2.5 | 2.7 | 1.8 |
| Debt to Equity ⓘ | 2.1 | 2 | 1.9 | 1.7 | 2.2 | 2.2 | 2.2 | 2.1 | 2 | 2.1 | - |
| Working Cap Days ⓘ | 177 | 204 | 211 | 202 | 209 | 198 | 241 | 191 | 182 | 145 | 81 |
| Cash Conv. Cycle ⓘ | 77 | 86 | 87 | 79 | 98 | 98 | 115 | 97 | 96 | 75 | 3 |
Sales growth is growing at healthy rate in last 3 years 30.22%
Net Profit is growing at healthy rate in last 3 years 393.58%
Return on Equity has declined versus last 3 years average to 9.40%
Debt to equity has increased versus last 3 years average to 2.09
Sales growth is not so good in last 4 quarters at -9.81%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 5.8 | - |
| TTM Sales (₹ Cr.) | 164 | - |
| BVPS (₹.) ⓘ | 65.8 | - |
| Reserves (₹ Cr.) ⓘ | 28 | - |
| P/BV ⓘ | 4.57 | - |
| PE ⓘ | 51.90 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 260.05 / 467.00 |
| All Time Low / High (₹) | 43.60 / 575.00 |
| Market Cap (₹ Cr.) | 150 |
| Equity (₹ Cr.) | 5 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 38.2 |
| Pledged * | 22.88 | 22.88 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 77 | 68 | 67 | 71 | 80 | 96 | 82 | 118 | 139 | 181 |
| Operating Expenses ⓘ | 72 | 64 | 60 | 64 | 72 | 88 | 74 | 106 | 127 | 166 |
| Manufacturing Costs | 17 | 16 | 14 | 16 | 20 | 26 | 19 | 25 | 33 | 43 |
| Material Costs | 43 | 36 | 34 | 35 | 37 | 44 | 38 | 63 | 73 | 97 |
| Employee Cost | 9 | 8 | 9 | 10 | 12 | 14 | 14 | 14 | 16 | 19 |
| Other Costs ⓘ | 3 | 3 | 3 | 3 | 4 | 4 | 3 | 5 | 5 | 7 |
| Operating Profit ⓘ | 5 | 5 | 6 | 6 | 8 | 8 | 8 | 11 | 12 | 15 |
| Operating Profit Margin (%) | 6.8% | 7.0% | 9.5% | 9.2% | 9.4% | 8.4% | 10.3% | 9.7% | 8.9% | 8.2% |
| Other Income ⓘ | 2 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest ⓘ | 4 | 4 | 4 | 4 | 4 | 5 | 5 | 6 | 5 | 5 |
| Depreciation ⓘ | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 1 | 0 | 0 | 1 | 2 | 1 | 0 | 3 | 5 | 7 |
| Tax ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 2 |
| Profit After Tax | 1 | 0 | 0 | 1 | 1 | 1 | 0 | 2 | 4 | 5 |
| PAT Margin (%) | 1.4% | 0.1% | 0.4% | 0.7% | 1.6% | 1.1% | 0.0% | 1.9% | 2.6% | 2.7% |
| Adjusted EPS (₹) | 2.1 | 0.2 | 0.6 | 1.0 | 2.6 | 2.0 | 0.1 | 4.5 | 7.1 | 9.8 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 14 | 14 | 14 | 15 | 16 | 17 | 17 | 20 | 23 | 28 |
| Share Capital ⓘ | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves ⓘ | 9 | 9 | 9 | 10 | 11 | 12 | 12 | 15 | 18 | 23 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 24 | 25 | 25 | 24 | 33 | 35 | 36 | 38 | 41 | 53 |
| Long Term Debt | 8 | 5 | 6 | 5 | 12 | 12 | 13 | 15 | 16 | 29 |
| Short Term Debt | 17 | 20 | 19 | 19 | 21 | 23 | 23 | 24 | 25 | 24 |
| Trade Payables | 19 | 17 | 20 | 20 | 21 | 23 | 23 | 27 | 26 | 30 |
| Others Liabilities ⓘ | 9 | 8 | 7 | 7 | 10 | 10 | 11 | 14 | 15 | 17 |
| Total Liabilities ⓘ | 67 | 65 | 67 | 66 | 79 | 84 | 87 | 98 | 106 | 128 |
Fixed Assets | ||||||||||
| Gross Block | 32 | 37 | 39 | 40 | 44 | 53 | 57 | 58 | 65 | 85 |
| Accumulated Depreciation | 12 | 14 | 16 | 19 | 20 | 23 | 26 | 29 | 32 | 34 |
| Net Fixed Assetsⓘ | 20 | 23 | 22 | 22 | 23 | 30 | 32 | 29 | 34 | 50 |
| CWIP ⓘ | 3 | 0 | 0 | 0 | 4 | 0 | 0 | 0 | 0 | 3 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventories | 28 | 29 | 31 | 31 | 36 | 39 | 40 | 43 | 48 | 46 |
| Trade Receivables | 12 | 10 | 12 | 10 | 12 | 12 | 11 | 21 | 18 | 23 |
| Cash Equivalents | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 |
| Others Assetsⓘ | 3 | 3 | 2 | 2 | 3 | 3 | 3 | 4 | 5 | 4 |
| Total Assets ⓘ | 67 | 65 | 67 | 66 | 79 | 84 | 87 | 98 | 106 | 128 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 9 | 5 | 2 | 4 | 2 | 10 | 9 | 4 | 11 | 16 |
| PBT ⓘ | 1 | 0 | 0 | 1 | 2 | 1 | 1 | 3 | 5 | 7 |
| Adjustment ⓘ | 3 | 4 | 3 | 3 | 4 | 7 | 8 | 8 | 8 | 8 |
| Changes in Working Capital ⓘ | 5 | 2 | -2 | 0 | -3 | 2 | 1 | -7 | -1 | 2 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0 | 0 | -1 | 0 | 0 | -1 | -1 |
| Cash Flow From Investing Activity ⓘ | -3 | -1 | -2 | -2 | -9 | -5 | -4 | 0 | -7 | -23 |
| Capex | -2 | -2 | -2 | -2 | -8 | -9 | -5 | -1 | -8 | -20 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -1 | 1 | 0 | 0 | -1 | 4 | 0 | 0 | 0 | -3 |
| Cash Flow From Financing Activityⓘ | -6 | -4 | 0 | -2 | 6 | -5 | -5 | -4 | -4 | 8 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -4 | -2 | 1 | -1 | 7 | 0 | 1 | 2 | 1 | 13 |
| Interest Paid ⓘ | -2 | -1 | -1 | -1 | -1 | -5 | -5 | -6 | -5 | -5 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | -1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 7.89 | 0.73 | 2.11 | 3.47 | 8.4 | 6.12 | 0.23 | 12.07 | 16.46 | 18.81 |
| ROCE (%) | 13.03 | 11.45 | 10.5 | 11.27 | 12.62 | 11.3 | 10.58 | 14.69 | 15.23 | 15.27 |
| Asset Turnover Ratio | 1.33 | 1.16 | 1.13 | 1.19 | 1.13 | 1.18 | 0.96 | 1.27 | 1.37 | 1.55 |
| PAT to CFO Conversion(x) | 9 | N/A | N/A | 4 | 2 | 10 | N/A | 2 | 2.75 | 3.2 | Working Capital Days |
| Receivable Days | 52 | 52 | 52 | 50 | 50 | 46 | 51 | 50 | 52 | 42 |
| Inventory Days | 111 | 138 | 147 | 142 | 148 | 141 | 176 | 130 | 119 | 94 |
| Payable Days | 147 | 185 | 202 | 212 | 203 | 179 | 223 | 144 | 132 | 106 |
Samrat Forgings Limited is one of the Largest Suppliers of Quality Forgings in the country. Recognized as one of the prime supplier of forgings of various dimensions and profile, its band of extremely satisfied customers have already classified it as a ‘Zero Defect’ supplier.
Situated about 16 miles from Chandigarh, the company factory is fully self-contained with modern facilities for Tool Room, Heat Treatment, Material Testing etc. It has excellent facilities for in-house development of Dies and Toolings. A large contingent of experienced engineers and Technicians take up the task of supplying quality products to its esteemed customers on their toes with a dedicated motto of “Quality in time”.
Business area of the company
The company operates in single segment i.e. manufacturing of closed die steel forgings and machined components.
Business segments
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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.
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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