BSE: 517201 | NSE: | Electronics - Components | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Switching Technologies Gunther Ltd is a below average quality company.
The key valuation ratios of Switching Technologies Gunther 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 Switching Technologies Gunther 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 % ⓘ | 27.9% | -38.6% | -27.3% | -4.7% | 31.7% | -141% | 0% | 0% | 0% | 0% | - |
| Value Creation Index ⓘ | 1.0 | -3.8 | -3.0 | -1.3 | 1.3 | NA | NA | NA | NA | NA | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 18.6 | 14.8 | 15.6 | 14.8 | 18.4 | 13.1 | 10.9 | 10.6 | 11.5 | 8.7 | 8 |
| Sales YoY Gr. | - | -20.6% | 5.9% | -5.4% | 24.1% | -28.9% | -16.5% | -2.7% | 8.6% | -24.7% | - |
| Adj EPS ⓘ | 1.4 | -3.8 | -2.8 | 0.8 | 1.1 | -6 | -16.7 | -28.2 | 48.8 | -13.5 | -11.6 |
| YoY Gr. | - | -367.4% | NA | NA | 46.7% | -644.6% | NA | NA | NA | -127.6% | - |
| BVPS (₹) ⓘ | 8.1 | 4.1 | 2.1 | 1.8 | 3.7 | -2.7 | -19.2 | -46.1 | -9.5 | -23.2 | -37.6 |
| Adj Net Profit ⓘ | 0.3 | -0.9 | -0.7 | 0.2 | 0.3 | -1.5 | -4.1 | -6.9 | 12 | -3.3 | -3 |
| Cash Flow from Ops. ⓘ | -0.4 | 1 | -0.1 | -0.2 | -0.3 | -0.5 | 0 | 0.1 | 0 | 0.1 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | -8.5 | -4.6 | -3.4 | -1.9 | -132.7 | 10 | 66.3 | 10.8 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -8.1% | -13.9% | -7.3% | -24.7% | ||||
| Adj EPS ⓘ | -228.5% | -265% | NA | -127.6% | ||||
| BVPSⓘ | -212.4% | -244.1% | NA | NA | ||||
| Share Price | -0.1% | 27.3% | 27.3% | 54.4% | ||||
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 % ⓘ | 12.7 | -37.3 | -54.4 | 38.8 | 40.1 | -1151.5 | 152.7 | 86.4 | -175.6 | 82.4 | 38.3 |
| Op. Profit Mgn % ⓘ | 3.5 | -5.8 | -4 | -2.6 | 1.9 | -11.5 | -36.9 | -66.1 | -80 | -106.2 | -114.5 |
| Net Profit Mgn % ⓘ | 1.9 | -6.3 | -4.4 | 1.3 | 1.5 | -11.2 | -37.5 | -65.1 | 103.8 | -38 | -37.1 |
| Debt to Equity ⓘ | 0 | 0 | 1.9 | 2.3 | 1.1 | -1.5 | -0.2 | -0.1 | -0.4 | -0.2 | - |
| Working Cap Days ⓘ | 117 | 151 | 141 | 177 | 162 | 226 | 316 | 371 | 332 | 354 | 182 |
| Cash Conv. Cycle ⓘ | 59 | 73 | 47 | 43 | 41 | 74 | 59 | 10 | 73 | 190 | -50 |
Return on Equity has increased versus last 3 years average to 38.30%
Sales growth has been subdued in last 3 years -7.31%
Sales growth is not so good in last 4 quarters at -26.08%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -11.6 | - |
| TTM Sales (₹ Cr.) | 7.7 | - |
| BVPS (₹.) ⓘ | -37.6 | - |
| Reserves (₹ Cr.) ⓘ | -12 | - |
| P/BV ⓘ | -3.02 | - |
| PE ⓘ | 0.00 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 50.50 / 113.49 |
| All Time Low / High (₹) | 4.00 / 230.00 |
| Market Cap (₹ Cr.) | 27.8 |
| Equity (₹ Cr.) | 2.5 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 217.4 |
| 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 | 18.58 | 14.76 | 15.63 | 14.79 | 18.35 | 13.05 | 10.90 | 10.61 | 11.52 | 8.68 |
| Operating Expenses ⓘ | 17.93 | 15.67 | 16.25 | 15.55 | 18.01 | 14.70 | 14.92 | 17.63 | 21.64 | 17.90 |
| Manufacturing Costs | 1.49 | 1.40 | 2.15 | 1.46 | 2.20 | 1.54 | 1.04 | 0.69 | 1.16 | 1.92 |
| Material Costs | 10.06 | 7.82 | 7.74 | 6.98 | 8.93 | 6.14 | 7.50 | 10.50 | 12.38 | 8.17 |
| Employee Cost | 5.19 | 5.48 | 5.68 | 5.30 | 5.38 | 5.43 | 5.30 | 5.10 | 5.24 | 5.84 |
| Other Costs ⓘ | 1.18 | 0.98 | 0.68 | 1.82 | 1.51 | 1.59 | 1.07 | 1.34 | 2.85 | 1.96 |
| Operating Profit ⓘ | 0.65 | -0.91 | -0.62 | -0.76 | 0.34 | -1.64 | -4.02 | -7.01 | -10.11 | -9.22 |
| Operating Profit Margin (%) | 3.5% | -6.2% | -4.0% | -5.2% | 1.9% | -12.6% | -36.9% | -66.1% | -87.8% | -106.0% |
| Other Income ⓘ | 0.40 | 0.12 | 0.30 | 0.83 | 0.32 | 0.21 | 0.09 | 0.45 | 0.01 | 0.51 |
| Interest ⓘ | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | 0 | 0 | 0.01 | 0.02 |
| Depreciation ⓘ | 0.29 | 0.16 | 0.15 | 0.14 | 0.14 | 0.13 | 0.10 | 0.09 | 0.06 | 0.08 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 21.52 | 5.62 |
| Profit Before Tax ⓘ | 0.75 | -0.96 | -0.50 | -0.08 | 0.51 | -1.57 | -4.03 | -6.65 | 11.34 | -3.19 |
| Tax ⓘ | 0.25 | 0 | 0 | 0 | 0.03 | 0 | 0 | -0.05 | 0 | 0 |
| Profit After Tax | 0.50 | -0.96 | -0.50 | -0.08 | 0.48 | -1.57 | -4.03 | -6.61 | 11.34 | -3.19 |
| PAT Margin (%) | 2.7% | -6.5% | -3.2% | -0.5% | 2.6% | -12.0% | -37.0% | -62.3% | 98.4% | -36.8% |
| Adjusted EPS (₹) | 2.0 | -3.9 | -2.0 | -0.3 | 1.9 | -6.4 | -16.5 | -27.0 | 46.3 | -13.0 |
| 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 | 2.96 | 2 | 0.52 | 0.44 | 0.91 | -0.66 | -4.69 | -11.30 | -2.33 | -5.67 |
| Share Capital ⓘ | 3.43 | 3.43 | 2.45 | 2.45 | 2.45 | 2.45 | 2.45 | 2.45 | 2.45 | 2.45 |
| Reserves ⓘ | -0.47 | -1.44 | -1.93 | -2.01 | -1.54 | -3.11 | -7.14 | -13.75 | -4.78 | -8.12 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 0 | 0 | 0.98 | 0.98 | 0.98 | 0.98 | 0.98 | 0.98 | 0.98 | 0.98 |
| Long Term Debt | 0 | 0 | 0.98 | 0.98 | 0.98 | 0.98 | 0.98 | 0.98 | 0.98 | 0.98 |
| Short Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Payables | 2.33 | 3.42 | 3.53 | 5.91 | 4.55 | 5.85 | 12.52 | 18.50 | 6.57 | 6.18 |
| Others Liabilities ⓘ | 2.19 | 2.75 | 2.87 | 2.52 | 2.69 | 2.55 | 2.29 | 3.16 | 5.22 | 5.68 |
| Total Liabilities ⓘ | 7.48 | 8.17 | 7.90 | 9.85 | 9.14 | 8.73 | 11.10 | 11.34 | 10.44 | 7.16 |
Fixed Assets | ||||||||||
| Gross Block | 10.59 | 10.76 | 10.83 | 10.88 | 10.89 | 10.92 | 10.93 | 10.95 | 10.98 | 11.12 |
| Accumulated Depreciation | 9.70 | 9.86 | 10.01 | 10.15 | 10.29 | 10.41 | 10.51 | 10.59 | 10.66 | 10.74 |
| Net Fixed Assetsⓘ | 0.89 | 0.90 | 0.82 | 0.73 | 0.61 | 0.51 | 0.42 | 0.36 | 0.33 | 0.38 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventories | 5.47 | 4.75 | 4.72 | 5.95 | 6.39 | 6.50 | 7.19 | 5.99 | 4.45 | 3.34 |
| Trade Receivables | 0.34 | 0.88 | 0.55 | 1.80 | 0.92 | 1.05 | 2.95 | 3.99 | 5.02 | 2.90 |
| Cash Equivalents | 0.39 | 1.21 | 1.06 | 0.82 | 0.54 | 0.01 | 0.01 | 0.08 | 0.06 | 0.01 |
| Others Assetsⓘ | 0.39 | 0.43 | 0.76 | 0.55 | 0.68 | 0.65 | 0.52 | 0.92 | 0.59 | 0.53 |
| Total Assets ⓘ | 7.48 | 8.17 | 7.90 | 9.85 | 9.14 | 8.73 | 11.10 | 11.34 | 10.44 | 7.16 |
| 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 ⓘ | -0.43 | 0.97 | -0.12 | -0.21 | -0.29 | -0.51 | -0.01 | 0.10 | 0.01 | 0.09 |
| PBT ⓘ | 0.75 | -0.96 | -0.50 | -0.08 | 0.51 | -1.57 | -4.03 | -6.65 | 11.34 | -3.19 |
| Adjustment ⓘ | 0.28 | 0.14 | 0.12 | 0.11 | 0.11 | 0.11 | 0.08 | 0.09 | -21.45 | -5.54 |
| Changes in Working Capital ⓘ | -1.22 | 1.79 | 0.26 | -0.24 | -0.92 | 0.95 | 3.94 | 6.66 | 10.13 | 8.82 |
| Tax Paid ⓘ | -0.24 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | -0.18 | -0.15 | -0.04 | -0.02 | 0.01 | -0.01 | 0 | -0.03 | -0.04 | -0.14 |
| Capex | -0.19 | -0.17 | -0.07 | -0.05 | -0.02 | -0.03 | -0.01 | -0.02 | -0.03 | -0.14 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0.01 | 0.02 | 0.03 | 0.03 | 0.03 | 0.02 | 0.01 | 0 | -0.01 | 0 |
| Cash Flow From Financing Activityⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | -0.61 | 0.82 | -0.15 | -0.23 | -0.28 | -0.53 | 0 | 0.07 | -0.02 | -0.05 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 28.93 | -64.43 | -65.07 | -16.71 | 70.62 | N/A | N/A | N/A | N/A | N/A |
| ROCE (%) | 27.91 | -38.55 | -27.25 | -4.67 | 31.72 | N/A | N/A | N/A | N/A | N/A |
| Asset Turnover Ratio | 2.44 | 1.89 | 1.94 | 1.67 | 1.93 | 1.46 | 1.1 | 0.95 | 1.06 | 0.99 |
| PAT to CFO Conversion(x) | -0.86 | N/A | N/A | N/A | -0.6 | N/A | N/A | N/A | 0 | N/A | Working Capital Days |
| Receivable Days | 7 | 15 | 17 | 29 | 27 | 28 | 67 | 119 | 143 | 167 |
| Inventory Days | 104 | 126 | 111 | 132 | 123 | 180 | 229 | 227 | 165 | 164 |
| Payable Days | 91 | 134 | 164 | 247 | 214 | 309 | 447 | 539 | 370 | 285 |
Switching Technologies Gunther was incorporated on April 27, 1988. It is promoted by M N Kannan and his associates alongwith W Gunther GmbH, West Germany. It engages in the manufacture and export of reed switches for the automobile, power, telecommunication, aircraft and industrial control industries. The registered office of the company is at Chennai, Tamil Nadu.
The company has set up a plant with a capacity to produce16 million Miniature Reed Switches and 1.95 million Tilt Switches per annum.
The company is a 100% EoU and has a buy-back arrangement with its promoter company W. Gunther, Nuremberg, Germany. The manufacturing unit is located in Chennai, Tamil Nadu with installed capacities of 5,00,000 relays and 16.03 million reed switches. The company`s products are exported to the European markets and have received a good response from them.
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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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