BSE: 544074 | NSE: | Engineering - Industrial Equipments | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Shri Balaji Valve Components Ltd is a below average quality company.
The key valuation ratios of Shri Balaji Valve Components Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Shri Balaji Valve 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'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| ROCE % ⓘ | 1.8% | 11.6% | 30.3% | 24.2% | - |
| Value Creation Index ⓘ | NA | -0.2 | 1.2 | 0.7 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||
| Sales ⓘ | 16.1 | 38.8 | 62.3 | 82.6 | 83 |
| Sales YoY Gr. | - | 141.6% | 60.5% | 32.5% | - |
| Adj EPS ⓘ | -0.1 | 2.3 | 10.2 | 10 | 10.2 |
| YoY Gr. | - | NA | 333.8% | -1.2% | - |
| BVPS (₹) ⓘ | -0.1 | 2.5 | 13.3 | 46.4 | 46.4 |
| Adj Net Profit ⓘ | 0 | 1.4 | 6.1 | 8.2 | 8 |
| Cash Flow from Ops. ⓘ | -7.6 | -3.3 | 5.7 | -5.4 | - |
| Debt/CF from Ops. ⓘ | -1.8 | -8.4 | 5.1 | -5.7 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 72.6% | 32.5% | ||||
| Adj EPS ⓘ | NA | NA | NA | -1.2% | ||||
| BVPSⓘ | NA | NA | NA | 249.4% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| Return on Equity % ⓘ | 91.4 | 194.8 | 128.9 | 35.8 | 22 |
| Op. Profit Mgn % ⓘ | 2.7 | 7.3 | 18.1 | 17.3 | NAN |
| Net Profit Mgn % ⓘ | -0.3 | 3.6 | 9.8 | 9.9 | 10.1 |
| Debt to Equity ⓘ | -293.4 | 18.8 | 3.6 | 0.8 | - |
| Working Cap Days ⓘ | 0 | 173 | 145 | 164 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 91 | 64 | 82 | 0 |
Sales growth is growing at healthy rate in last 3 years 72.55%
Debt to equity has declined versus last 3 years average to 0.81
Return on Equity has declined versus last 3 years average to 22.00%
Net Profit has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 10.2 | - |
| TTM Sales (₹ Cr.) | 82.6 | - |
| BVPS (₹.) ⓘ | 46.4 | - |
| Reserves (₹ Cr.) ⓘ | 30 | - |
| P/BV ⓘ | 3.71 | - |
| PE ⓘ | 16.85 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 131.00 / 344.00 |
| All Time Low / High (₹) | 131.00 / 344.00 |
| Market Cap (₹ Cr.) | 140 |
| Equity (₹ Cr.) | 8.2 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 57.5 |
| Pledged * | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Sales | 16 | 39 | 62 | 83 |
| Operating Expenses ⓘ | 16 | 36 | 51 | 68 |
| Manufacturing Costs | 1 | 2 | 3 | 3 |
| Material Costs | 10 | 24 | 37 | 50 |
| Employee Cost | 4 | 8 | 10 | 12 |
| Other Costs ⓘ | 1 | 1 | 1 | 3 |
| Operating Profit ⓘ | 0 | 3 | 11 | 14 |
| Operating Profit Margin (%) | 2.7% | 7.2% | 18.1% | 17.3% |
| Other Income ⓘ | 0 | 0 | 1 | 1 |
| Interest ⓘ | 0 | 0 | 1 | 1 |
| Depreciation ⓘ | 0 | 1 | 2 | 2 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0 | 2 | 9 | 11 |
| Tax ⓘ | 0 | 1 | 2 | 3 |
| Profit After Tax | 0 | 2 | 6 | 8 |
| PAT Margin (%) | -0.2% | 4.0% | 10.4% | 10.1% |
| Adjusted EPS (₹) | -0.1 | 2.6 | 10.8 | 10.2 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 0 | 1 | 8 | 38 | ||||||
| Share Capital ⓘ | 0 | 0 | 0 | 8 | ||||||
| Reserves ⓘ | 0 | 1 | 8 | 30 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | ||||||
| Debt | 14 | 27 | 27 | 28 | ||||||
| Long Term Debt | 9 | 17 | 17 | 20 | ||||||
| Short Term Debt | 4 | 10 | 10 | 8 | ||||||
| Trade Payables | 3 | 8 | 9 | 11 | ||||||
| Others Liabilities ⓘ | 1 | 3 | 5 | 7 | ||||||
| Total Liabilities ⓘ | 18 | 40 | 50 | 84 | ||||||
Fixed Assets | ||||||||||
| Gross Block | 5 | 6 | 18 | 28 | ||||||
| Accumulated Depreciation | 0 | 1 | 3 | 5 | ||||||
| Net Fixed Assetsⓘ | 4 | 5 | 16 | 23 | ||||||
| CWIP ⓘ | 1 | 9 | 2 | 1 | ||||||
| Investmentsⓘ | 0 | 0 | 0 | 0 | ||||||
| Inventories | 3 | 6 | 8 | 12 | ||||||
| Trade Receivables | 7 | 15 | 18 | 30 | ||||||
| Cash Equivalents | 0 | 1 | 2 | 7 | ||||||
| Others Assetsⓘ | 2 | 3 | 5 | 11 | ||||||
| Total Assets ⓘ | 18 | 40 | 50 | 84 | ||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -8 | -3 | 6 | -5 |
| PBT ⓘ | 0 | 2 | 9 | 11 |
| Adjustment ⓘ | 1 | 1 | 3 | 3 |
| Changes in Working Capital ⓘ | -8 | -6 | -3 | -18 |
| Tax Paid ⓘ | 0 | -1 | -2 | -2 |
| Cash Flow From Investing Activity ⓘ | -3 | -9 | -5 | -12 |
| Capex | -3 | -9 | -5 | -9 |
| Net Investments | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | -3 |
| Cash Flow From Financing Activityⓘ | 10 | 14 | -1 | 22 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 22 |
| Net Proceeds from Borrowing ⓘ | 6 | 7 | 0 | 4 |
| Interest Paid ⓘ | 0 | 0 | -1 | -1 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 |
| Others ⓘ | 4 | 7 | 1 | -2 |
| Net Cash Flow ⓘ | 0 | 1 | 0 | 5 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | N/A | 213.26 | 137.24 | 36.36 | ||||||
| ROCE (%) | N/A | 11.58 | 30.32 | 24.21 | ||||||
| Asset Turnover Ratio | 0.91 | 1.36 | 1.56 | 1.39 | ||||||
| PAT to CFO Conversion(x) | N/A | -1.5 | 1 | -0.63 | Working Capital Days | |||||
| Receivable Days | 164 | 104 | 85 | 94 | ||||||
| Inventory Days | 76 | 45 | 38 | 40 | ||||||
| Payable Days | 105 | 83 | 87 | 73 | ||||||
The company was originally incorporated on November 17, 2011, as a private limited Company under the name and style of Shri Balaji Valve Components Private Limited under the provisions of Companies Act, 1956 with the Registrar of Companies, Pune Maharashtra bearing registration no 141370. Thereafter, the company was converted from private limited to public limited and the name of the Company was changed from “Shri Balaji Valve Components Private Limited” to “Shri Balaji Valve Components Limited” vide fresh certificate of incorporation dated July 10, 2023 issued by the Registrar of Companies, Pune, Maharashtra.
The company, an ISO 9001-2015 certified company, is engaged in the business of manufacturing of ready to assemble valve components catering to manufacturing of the valves which are used in different industries and in different size depending on the customer’s specifications. It manufactures and supply various types of valve components which are used in manufacturing of ball valves, butterfly valves and other valve including forging products. Its valve components are used to manufacture valves which serve industries which are in different sectors. Further, its manufacturing system have been certified for establishment and application of the Quality management system for manufacturer of materials according to directives 2014/68/EU by PED & the products manufactured by closed die forging have been certified to comply with the requirements specified by NORSOK.
The company is into machining of components and delivering ‘Ready to assemble’ valve components according to customers designs and specifications. Currently, the company is operating from its 2 manufacturing facilities located at Pune, Maharashtra. One of its manufacturing facilities is located at Bhosari, Pune which is equipped with the forging capabilities and heat treatment capabilities, the second manufacturing facility is located at Chakan MIDC, Bhamboli, Pune which undertakes the machining work. Most of its valves components are made as per the requirements specified by its customers’. It works in close connections with its clients, so that its valve components match with the customers’ requirement and can handle the desired applications. Over the years, its valve components have proved suitable and safe for many operations requirements. It manufactures valve components using the forging method, bar routing method and casting methods. In case of any casting products, it generally gets the casts manufactured from the customers nominated vendors or outsourcing. The use of methods depends upon the manufacturing plans, customer requirements, component manufactured, material complexity etc.
Business area of the company
The company manufactures different components like ball, stems, body of the valve, connectors, trunnion, flanges, housings, rings, shafts, bonnets, discs, sleeves etc. which are used in different types of valves like Ball Valve, Butterfly Valve, Control valve, globe, gate & check valves. The components are designed to meet low/ high pressure application requirements in varied industries. Apart from this, it also manufactures forging components which are used in valve manufacturing.
Key Events
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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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