BSE: 517548 | NSE: | Electric Equipment | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Starlite Components Ltd is a average quality company.
The key valuation ratios of Starlite Components 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 Starlite Components 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 % ⓘ | 147.7% | 36.1% | 36.1% | 20.6% | 15.4% | -505.3% | 0% | 0% | 0% | 0% | - |
| Value Creation Index ⓘ | 9.6 | 1.6 | 1.6 | 0.5 | 0.1 | NA | NA | NA | NA | NA | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 27.1 | 42.8 | 57.5 | 77 | 62.1 | 14.8 | 1.9 | 2.1 | 2.1 | 3.1 | 5 |
| Sales YoY Gr. | - | 58.2% | 34.2% | 33.9% | -19.3% | -76.3% | -87.5% | 10.8% | 4.4% | 46.3% | - |
| Adj EPS ⓘ | 0.4 | 1.1 | 1.1 | 0.6 | 1.1 | -8.6 | -0.7 | -0.5 | -0.4 | 1.9 | 7.2 |
| YoY Gr. | - | 208.1% | -7.9% | -42.9% | 86.7% | -871.4% | NA | NA | NA | NA | - |
| BVPS (₹) ⓘ | -6.7 | 1.9 | 3.1 | 3.7 | 4.3 | -4.7 | -5.5 | -5.9 | -6.3 | -0.2 | 0.8 |
| Adj Net Profit ⓘ | 0.3 | 1.9 | 1.8 | 1 | 1.9 | -14.8 | -1.2 | -0.8 | -0.7 | 3.3 | 12 |
| Cash Flow from Ops. ⓘ | -1.5 | -2.3 | 1 | 5.6 | -3.7 | -3.1 | 0.1 | 0 | 0.2 | -0.2 | - |
| Debt/CF from Ops. ⓘ | -5.3 | -2.2 | 4.9 | 0.3 | -0.5 | -1.6 | 38.5 | -233.4 | 24.2 | -7.9 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -21.3% | -45% | 19.2% | 46.3% | ||||
| Adj EPS ⓘ | 20.1% | 11.4% | NA | NA | ||||
| BVPSⓘ | NA | -155.8% | NA | NA | ||||
| Share Price | 2.3% | -12.7% | -12.8% | 70.9% | ||||
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 % ⓘ | -4.9 | -381.8 | 42.2 | 17.6 | 28.2 | 3563.2 | 13.9 | 8 | 6.2 | -59 | 2444.1 |
| Op. Profit Mgn % ⓘ | 5 | 8.6 | 5.5 | 2.6 | 5.1 | -155.4 | -45.7 | -14.3 | -9 | 20.5 | 30.2 |
| Net Profit Mgn % ⓘ | 1.2 | 4.5 | 3.1 | 1.3 | 3.1 | -100.2 | -65.3 | -38 | -30.1 | 104.8 | 240.8 |
| Debt to Equity ⓘ | -1.3 | 1.5 | 0.9 | 0.2 | 0.3 | -0.6 | -0.5 | -0.5 | -0.4 | -4.1 | - |
| Working Cap Days ⓘ | 393 | 304 | 290 | 350 | 402 | 605 | 1,469 | 1,323 | 1,104 | 426 | 123 |
| Cash Conv. Cycle ⓘ | 146 | 179 | 162 | 135 | 111 | 338 | 205 | 77 | -39 | -67 | 63 |
Return on Equity has increased versus last 3 years average to 2.00%
Sales growth is growing at healthy rate in last 3 years 19.16%
Sales growth is good in last 4 quarters at 138.47%
Net Profit has been subdued in last 3 years 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 7.2 | 0.1 |
| TTM Sales (₹ Cr.) | 5.1 | 7.9 |
| BVPS (₹.) ⓘ | 0.8 | 0 |
| Reserves (₹ Cr.) ⓘ | -16 | 4 |
| P/BV ⓘ | 4.42 | 0.00 |
| PE ⓘ | 0.50 | 38.41 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 1.97 / 3.64 |
| All Time Low / High (₹) | 0.44 / 70.00 |
| Market Cap (₹ Cr.) | 6.2 |
| Equity (₹ Cr.) | 17.1 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 91.8 |
| Pledged * | 22.64 | 22.64 | 22.64 | 22.64 | 22.64 | 22.64 | 22.64 | 22.64 | 22.64 | 22.64 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 27.08 | 42.83 | 57.48 | 76.97 | 62.14 | 14.76 | 1.85 | 2.05 | 2.14 | 3.13 |
| Operating Expenses ⓘ | 25.72 | 40.28 | 54.34 | 74.98 | 60.28 | 38.66 | 2.70 | 2.34 | 2.33 | 2.49 |
| Manufacturing Costs | 3.15 | 6.09 | 3.53 | 1.47 | 1.13 | 1.44 | 1.75 | 1.95 | 2.03 | 2.15 |
| Material Costs | 18.93 | 28.34 | 47.45 | 70.17 | 54.36 | 33.81 | 0.62 | 0.18 | 0.17 | 0.14 |
| Employee Cost | 1.67 | 2.17 | 1.85 | 2.04 | 1.97 | 1.39 | 0.05 | 0 | 0 | 0 |
| Other Costs ⓘ | 1.97 | 3.68 | 1.51 | 1.30 | 2.83 | 2.03 | 0.28 | 0.21 | 0.13 | 0.20 |
| Operating Profit ⓘ | 1.36 | 2.55 | 3.14 | 1.99 | 1.85 | -23.90 | -0.85 | -0.29 | -0.19 | 0.64 |
| Operating Profit Margin (%) | 5.0% | 6.0% | 5.5% | 2.6% | 3.0% | -162.0% | -45.7% | -14.3% | -9.0% | 20.5% |
| Other Income ⓘ | 0.17 | 0.08 | 0.70 | 0.48 | 0.14 | 9.34 | 0.17 | 0.02 | 0.02 | 0.01 |
| Interest ⓘ | 1.10 | 0.34 | 0.30 | 0.33 | 0.25 | 0.23 | 0 | 0 | 0 | 0 |
| Depreciation ⓘ | 0.38 | 0.48 | 0.53 | 0.63 | 0.68 | 0.62 | 0.55 | 0.55 | 0.55 | 0.40 |
| Exceptional Items ⓘ | 0.83 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10.11 |
| Profit Before Tax ⓘ | 0.88 | 1.82 | 3.01 | 1.51 | 1.06 | -15.41 | -1.24 | -0.82 | -0.72 | 10.36 |
| Tax ⓘ | -0.14 | 0.63 | 0.98 | 0.50 | 0.06 | -0.01 | -0.03 | -0.04 | -0.08 | 0 |
| Profit After Tax | 1.02 | 1.19 | 2.03 | 1.01 | 1 | -15.40 | -1.21 | -0.78 | -0.65 | 10.36 |
| PAT Margin (%) | 3.8% | 2.8% | 3.5% | 1.3% | 1.6% | -104.0% | -65.3% | -38.0% | -30.1% | 330.6% |
| Adjusted EPS (₹) | 1.1 | 0.7 | 1.2 | 0.6 | 0.6 | -9.0 | -0.7 | -0.5 | -0.4 | 6.1 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 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 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | -6.05 | 3.24 | 5.27 | 6.28 | 7.28 | -8.11 | -9.32 | -10.10 | -10.75 | -0.39 |
| Share Capital ⓘ | 9 | 17.10 | 17.10 | 17.10 | 17.10 | 17.10 | 17.10 | 17.10 | 17.10 | 17.10 |
| Reserves ⓘ | -15.05 | -13.86 | -11.83 | -10.82 | -9.82 | -25.21 | -26.42 | -27.20 | -27.85 | -17.49 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 7.93 | 4.73 | 4.71 | 1.43 | 1.94 | 4.90 | 4.76 | 4.76 | 4.76 | 1.60 |
| Long Term Debt | 7.93 | 4.73 | 4.71 | 1.43 | 1.94 | 4.90 | 4.76 | 4.76 | 4.76 | 1.60 |
| Short Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Payables | 4.67 | 8.30 | 17.31 | 51.30 | 9.47 | 1.55 | 2.48 | 2.67 | 1.36 | 0.27 |
| Others Liabilities ⓘ | 34.87 | 33 | 32.77 | 45.24 | 31.21 | 13.80 | 13.76 | 13.69 | 13.63 | 0.83 |
| Total Liabilities ⓘ | 41.41 | 49.26 | 60.06 | 104.25 | 49.90 | 12.14 | 11.67 | 11.02 | 9.01 | 2.31 |
Fixed Assets | ||||||||||
| Gross Block | 5.45 | 5.91 | 6.58 | 9.34 | 9.36 | 8.27 | 8.20 | 8.20 | 8.20 | 0.36 |
| Accumulated Depreciation | 1.48 | 1.98 | 2.51 | 3.15 | 3.83 | 3.73 | 4.21 | 4.75 | 5.30 | 0.01 |
| Net Fixed Assetsⓘ | 3.97 | 3.92 | 4.07 | 6.20 | 5.53 | 4.54 | 3.99 | 3.45 | 2.90 | 0.35 |
| CWIP ⓘ | 1.46 | 1.70 | 1.72 | 1.72 | 1.72 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 0.97 | 0.92 | 0.92 | 0.92 | 0.92 | 0 | 0 | 0 | 0 | 0 |
| Inventories | 15.66 | 18.60 | 26.48 | 26.42 | 12.72 | 1.15 | 0.54 | 0.35 | 0.18 | 0.04 |
| Trade Receivables | 11.89 | 15.64 | 19.55 | 55.24 | 17.21 | 1.21 | 1.99 | 1.92 | 0.23 | 0.31 |
| Cash Equivalents | 0.10 | 0.05 | 0.22 | 0.17 | 0.23 | 0.18 | 0.19 | 0.24 | 0.49 | 0.26 |
| Others Assetsⓘ | 7.36 | 8.43 | 7.10 | 13.58 | 11.58 | 5.06 | 4.96 | 5.07 | 5.20 | 1.34 |
| Total Assets ⓘ | 41.41 | 49.26 | 60.06 | 104.25 | 49.90 | 12.14 | 11.67 | 11.02 | 9.01 | 2.31 |
| 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 ⓘ | -1.53 | -2.28 | 1 | 5.55 | -3.71 | -3.06 | 0.12 | -0.02 | 0.20 | -0.20 |
| PBT ⓘ | 0.88 | 1.82 | 3.01 | 1.51 | 1.06 | -15.41 | -1.24 | -0.82 | -0.72 | 10.36 |
| Adjustment ⓘ | -0.38 | 0.73 | 0.80 | 0.95 | 0.87 | 3.59 | 0.57 | 0.57 | 0.61 | -9.80 |
| Changes in Working Capital ⓘ | -2.85 | -4.83 | -2.8 | 3.1 | -5.64 | 8.76 | 0.79 | 0.23 | 0.31 | -0.76 |
| Tax Paid ⓘ | 0 | 0 | 0 | -0.01 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | -2.02 | -0.55 | -0.68 | -2.75 | 0 | 0.27 | 0.01 | 0.02 | 0.02 | 0.01 |
| Capex | -1.31 | -0.60 | -0.69 | -2.76 | -0.01 | 0.22 | 0 | 0 | 0 | 0 |
| Net Investments | -0.71 | 0.05 | 0.02 | 0 | 0 | 0.05 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | -0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.01 |
| Cash Flow From Financing Activityⓘ | 3.62 | 2.78 | -0.29 | -2.82 | 3.76 | 2.73 | -0.14 | 0 | 0 | 0 |
| Net Proceeds from Shares ⓘ | 4 | 6.30 | 0 | 0.90 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -0.16 | -3.20 | -0.01 | 0 | 0.51 | 2.96 | -0.14 | 0 | 0 | 0 |
| Interest Paid ⓘ | -0.22 | -0.32 | -0.28 | -0.33 | -0.25 | -0.23 | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | -3.39 | 3.50 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | 0.07 | -0.05 | 0.03 | -0.02 | 0.05 | -0.06 | 0 | 0 | 0.21 | -0.19 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | N/A | 0 | 47.76 | 17.49 | 14.75 | N/A | N/A | N/A | N/A | N/A |
| ROCE (%) | N/A | 36.05 | 36.14 | 20.64 | 15.44 | N/A | N/A | N/A | N/A | N/A |
| Asset Turnover Ratio | 0.79 | 1.03 | 1.1 | 0.94 | 0.81 | 0.48 | 0.16 | 0.18 | 0.21 | 0.55 |
| PAT to CFO Conversion(x) | -1.5 | -1.92 | 0.49 | 5.5 | -3.71 | N/A | N/A | N/A | N/A | -0.02 | Working Capital Days |
| Receivable Days | 146 | 108 | 107 | 176 | 213 | 228 | 315 | 349 | 183 | 32 |
| Inventory Days | 159 | 134 | 137 | 125 | 115 | 172 | 166 | 79 | 45 | 13 |
| Payable Days | 232 | 84 | 99 | 178 | 204 | 59 | 1,187 | 5,089 | 4,341 | 2,106 |
Starlite Components is a company incorporated in the state of Maharashtra on November 13, 1991. It received the certificate for commencement of business on March 18, 1992. The company proposes to manufacture 150 million pieces of GLS/FTL Filaments, 12 million pieces of Speciality Filaments and 90 million pieces of GLS/FTL Caps bases.
The Starlite Group has been the source for lighting components to most of the lighting majors. The newest venture Starlite Lighting Limited (SLL) has a current outlay of $5 million. The main plant of SLL in Nashik has the location advantage of being just 182 km away from Mumbai -- the commercial capital of India and one of the biggest ports. Starlite Lighting Limited and other associate group companies are capable to cater to the needs of major inputs. Apart from a well-developed domestic market, the company has targeted global presence in the US, Europe & Middle East.
The company has taken over current assets and running business from Filaments and Filaments with effect from April 1, 1992 vide Memorandum of Understanding dated September 24, 1992 entered into with Filaments and Filaments. The company has also vide rental agreement dated May 25, 1993 entered with Starlite Lamp Components Private Limited has taken on rent land and building and plant and machineries and has agreed to takeover all these assets by amalgamating the Starlite Lamp Components Private Limited with the company, in due course of time. On completion of amalgamation formalities with the respective high courts takeover process shall be completed. The cost of acquisition has been considered in the total cost of the project. The unit taken over by the company had not faced any labour problems/ litigation/ defaults etc. There was no closure of business due to any labour problem etc. in the unit taken over by the company.
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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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