Sanghvi Forging & Engineering Ltd - Stock Valuation and Financial Performance

BSE: 533411 | NSE: SANGHVIFOR | Forgings | Small Cap

Sanghvi Forging&Engg Share Price

16.50 0.00 0.00%
as on 30-Apr'21 18:03

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Sanghvi Forging & Engineering stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
24.6 Cr.
52-wk low:
16.5
52-wk high:
16.6

Is an attractive stock to invest in?

1. Is a good quality company?

Data is not available for this company.

2. Is undervalued or overvalued?

The key valuation ratios of Sanghvi Forging & Engineering Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

3. Is a good buy now?

No data found

10 Year X-Ray of Sanghvi Forging&Engg:

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.

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 5.1%3.6%-3.7%-4.8%-4.6%-2.8%-24.2%34%23%14.1%-
Value Creation
Index
-0.6-0.8-1.3NANANANA1.40.6NA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 87.168.455.454.761.259.655.462.899.711250
Sales YoY Gr.--21.6%-18.9%-1.3%11.8%-2.7%-6.9%13.3%58.7%12.3%-
Adj EPS -5.7-6.8-15.1-15.7-13.4-3.6-16.62.71.81.3-10.2
YoY Gr.-NANANANANANANA-33.7%-24.9%-
BVPS (₹) 35.629.514.4-1.2-14.6-18.2-34.678.810.1-23.4
Adj Net
Profit
-7.9-10.2-22.6-23.4-19.9-5.4-24.724.115.912-15
Cash Flow from Ops. -38.820.515.434.926.4-58.18.4-11.96.82.8-
Debt/CF from Ops. -3.46.28.23.23.7-2.516.2000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 2.8%12.8%26.4%12.3%
Adj EPS NANANA-24.9%
BVPS-13%NANA14.9%
Share Price -9.2% -12.2% - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
-14.8-21.5-68.9-237.5169.522.262.8422.322.414153.1
Op. Profit
Mgn %
18.520.15.32.96.78.7-31.3-13.311.312.4-12.6
Net Profit
Mgn %
-9-14.9-40.7-42.8-32.5-9.1-44.638.31610.7-30.5
Debt to
Equity
2.62.95.9-63.7-4.5-5.3-2.6000-
Working Cap
Days
165235271306282302247183159194219
Cash Conv.
Cycle
619311613110810463214590-546

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to %

Sales growth has been subdued in last 3 years %

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

Latest Financials - Sanghvi Forging & Engineering Ltd.

Standalone Consolidated
TTM EPS (₹) -10.2 -10.2
TTM Sales (₹ Cr.) 49.6 49
BVPS (₹.) -23.4 -24.1
Reserves (₹ Cr.) -50 -51
P/BV -0.70 -0.69
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 16.50 / 16.55
All Time Low / High (₹) 13.70 / 144.90
Market Cap (₹ Cr.) 24.6
Equity (₹ Cr.) 14.9
Face Value (₹) 10
Industry PE 37.9

Management X-Ray of Sanghvi Forging&Engg:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *53.3953.3853.3863.2963.2963.2763.2763.2763.2059.15
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Sanghvi Forging&Engg

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
Sales87.1368.3555.4254.7161.1859.5655.4362.7999.67111.89
Operating Expenses 71.1254.6452.4853.1057.1854.3672.7771.1388.4397.98
Manufacturing Costs15.0412.829.6111.2614.7013.8911.8119.2223.9928.67
Material Costs42.8129.3330.2429.8831.6929.0741.5028.7645.9958.35
Employee Cost 4.996.396.406.665.986.466.126.537.056.41
Other Costs 8.286.106.235.314.804.9413.3416.6211.394.55
Operating Profit 16.0113.722.931.6145.20-17.34-8.3311.2513.91
Operating Profit Margin (%) 18.4%20.1%5.3%2.9%6.5%8.7%-31.3%-13.3%11.3%12.4%
Other Income 0.240.950.131.020.360.641.310.358.491.42
Interest 15.8516.1816.6116.9015.722.490.20000
Depreciation 8.358.428.988.838.598.528.424.643.393.32
Exceptional Items 000000037.6700
Profit Before Tax -7.95-9.94-22.52-23.10-19.95-5.16-24.6525.0416.3412
Tax 00.05000000.870.020
Profit After Tax -7.95-9.99-22.52-23.10-19.95-5.16-24.6524.1716.3312
PAT Margin (%) -9.1%-14.6%-40.6%-42.2%-32.6%-8.7%-44.5%38.5%16.4%10.7%
Adjusted EPS (₹)-5.7-6.7-15.1-15.5-13.4-3.5-16.62.71.81.3
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 49.4843.9921.49-1.76-21.69-27.10-51.5662.9579.4391.23
Share Capital 13.8914.8914.8914.8914.8914.8914.8990.0590.0590.05
Reserves 35.5929.106.59-16.66-36.59-42-66.45-27.10-10.621.18
Minority Interest0000000000
Debt121.08114.51114.1495.6184.19144.7151.25000
Long Term Debt94.0987.9478.8157.1644.8219.6611.94000
Short Term Debt26.9926.5735.3338.4539.37125.0539.31000
Trade Payables18.2116.7219.6824.3822.5616.9922.4222.2121.9530.65
Others Liabilities 25.9924.9440.3670.1696.1643.81123.716.736.034.79
Total Liabilities 214.75200.17195.67188.38181.22178.41145.8291.89107.41126.68

Fixed Assets

Gross Block171.55185.62156.95157.84158.87159.54159.73160.03161.17163.74
Accumulated Depreciation20.9629.238.9817.8026.3934.9143.3347.98114.19117.10
Net Fixed Assets150.59156.39147.98140.04132.48124.63116.40112.0646.9946.64
CWIP 10.170.450.3600.0200000
Investments 00000001.080.080.09
Inventories19.8121.9620.5322.5221.3719.169.1016.5316.0741.04
Trade Receivables25.6914.1020.9919.4319.6314.749.1218.2830.6524.29
Cash Equivalents 2.431.100.891.401.072.835.092.909.9010.35
Others Assets6.076.184.9256.6517.056.11-58.953.724.28
Total Assets 214.75200.17195.67188.38181.22178.41145.8291.89107.41126.68

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity -38.7820.5215.3734.9126.43-58.078.39-11.896.842.82
PBT -7.95-9.94-22.52-23.10-19.95-5.16-24.6525.0416.3412
Adjustment 20.0922.6223.8424.8122.898.548.60-29.611.321.58
Changes in Working Capital -50.927.8914.0433.2123.49-61.4524.58-7.22-10.42-10.67
Tax Paid 0-0.050000-0.14-0.10-0.41-0.10
Cash Flow From Investing Activity -4.08-3.02-0.18-0.94-0.25-0.99-0.071.470.41-2.26
Capex -3.97-4.50-0.57-1.01-1.03-0.67-0.19-0.30-0.99-2.97
Net Investments 01.320.2200.61-0.480.121.771.250.11
Others -0.110.150.160.070.170.16000.140.60
Cash Flow From Financing Activity 42.89-17.54-15.17-33.85-25.9060.34-9.0111.0800
Net Proceeds from Shares 2.813.380000090.0500
Net Proceeds from Borrowing 0000000000
Interest Paid -11.94-14.35-14.79-15.98-14.48-0.18-0.20000
Dividend Paid 0000000000
Others 52.02-6.57-0.37-17.87-11.4260.52-8.81-78.9700
Net Cash Flow 0.03-0.040.020.130.291.28-0.690.667.250.56
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)-15.17-21.37-68.78N/AN/AN/AN/A424.3722.9414.07
ROCE (%)5.13.55-3.7N/AN/AN/AN/A3422.9614.07
Asset Turnover Ratio0.450.350.30.290.330.330.340.531.030.97
PAT to CFO Conversion(x)N/AN/AN/AN/AN/AN/AN/A-0.490.420.24
Working Capital Days
Receivable Days7310010713311710578808789
Inventory Days6810513014113112493745892
Payable Days133217220269270248173283175165

Sanghvi Forging & Engineering Ltd Stock News

Sanghvi Forging & Engineering Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Sanghvi Forging&Engg on 30-Apr-2021 18:03 is ₹16.50.
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 30-Apr-2021 18:03 the market cap of Sanghvi Forging&Engg stood at ₹24.57.
The latest P/E ratio of Sanghvi Forging&Engg as of 30-Apr-2021 18:03 is 0.00.
The latest P/B ratio of Sanghvi Forging&Engg as of 30-Apr-2021 18:03 is -0.70.
The 52-week high of Sanghvi Forging&Engg is ₹16.55 and the 52-week low is ₹16.50.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Sanghvi Forging&Engg is ₹49.60 ( Cr.) .

About Sanghvi Forging & Engineering Ltd

Sanghvi Forging and Engineering incorporated in 1989, is a manufacturer and exporter of forging products for the non-automotive sector. The company has an installed capacity of 3600 MTPA for manufacturing of forged flanges and precision machined components (with single piece forging up to 4 MT) in the area of open and closed die forgings. The company manufactures forged flanges, forgings and machined components for various industries like oil & gas, fertilizers, power, desalination & water treatment, ship building, defence, fabrication of process equipments, instrumentation etc. It is also capable of manufacturing both standardized as well as customized products.

The company’s existing manufacturing plant consists of forging shop, die shop, heat treatment shop, conventional and CNC machining shop backed by related quality assurance equipments. Presently, it is using steam hammer technology for the open die forging and can produce single forged piece upto 4 MT. The key factor in its forging business is the vendor/consultant approval, given the critical end use of the product. It has, in the last few years, been successful in obtaining various such approvals in both the domestic and international markets. It shares a good client relationship worldwide where it receive majority of the business from repeat clients.

The company’s products have been inspected and accepted by third party inspection agencies like Lloyds (LRIS), BVIS, SGS, TOYO, PDIL, DNV, ABS, TICB, UHDE India, DAE, NPCIL, etc. The quality of its products has been certified to be satisfactory in third party inspections. The company has also established market for its products overseas. It regularly exports various countries mainly to Europe, Middle East and Canada.

Product of the company

  • Open Die Forgings
  • Forged Flanges
  • Closed Die Forgings
  • Machined Components
  • Heavy Forging

Milestones

  • 1992: Set-up the existing factory at 244/6-7 GIDC Industrial Estate, Waghodia District, Vadodara with an installed capacity of 300 MTPA for close die forgings
  • 1996: Obtained its first major approval from the Technical Development Committee of India
  • 2002: Obtained Canadian Registration Number (CRN) for 13 provinces of Canada enabling us to market the products in Canada
  • 2003: Selected by Center for Promotion of Imports from Developing Countries, Netherlands, to promote the products in European Union
  • 2005: Approved by SHELL to supply materials for various projects in India
  • 2005: Enhancement of closed die forging installed capacity upto 1200 MTPA
  • 2006: Establishment of new open die forging plant with an installed capacity of an installed capacity of 2400 MTPA
  • 2006: Allotted land at Waghodia Industrial Estate, near existing factory land for New Project
  • 2008: Implementation of SAP-Enterprise resource planning
  • 2009: Obtained approval from GE, PDIL and EIL
  • 2009: Obtained approval from Kuwait National Petroleum Corporation (KNPC), Mazgaon Dock and IBR
  • 2010: Placed firm order for import of forging press and manipulator for New Project
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