Solitaire Machine Tools Ltd - Stock Valuation and Financial Performance

BSE: 522152 | NSE: | Engineering - Industrial Equipments | Small Cap

Solitaire Machine Share Price

110.50 -3.57 -3.13%
as on 26-Dec'24 16:01

DeciZen - make an informed investing decision on Solitaire Machine

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Solitaire Machine Tools stock performance -

mw4me loader
P/E Ratio (SA):
26.58
Market Cap:
51.8 Cr.
52-wk low:
60.1
52-wk high:
122.7

Is Solitaire Machine Tools Ltd an attractive stock to invest in?

1. Is Solitaire Machine Tools Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Solitaire Machine Tools Ltd is a average quality company.

2. Is Solitaire Machine Tools Ltd undervalued or overvalued?

The key valuation ratios of Solitaire Machine Tools Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Solitaire Machine Tools Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Solitaire Machine Tools Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Solitaire Machine:

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.
Solitaire Machine Tools Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 10.1%15.9%26.7%19.8%15.5%7.9%12.3%9.8%13.3%13.6%-
Value Creation
Index
-0.30.10.90.40.1-0.4-0.1-0.3-0.10.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 10.815.718.316.415.612.317.213.618.720.921
Sales YoY Gr.-45.1%17.1%-10.8%-4.7%-21.4%40%-20.9%37.5%11.7%-
Adj EPS 1.52.544.12.91.53.12.33.53.94.3
YoY Gr.-62.3%64.9%1%-28.4%-48.6%108%-26.3%53.5%9.9%-
BVPS (₹) 22.82427.129.831.331.333.63537.539.739.9
Adj Net
Profit
0.71.11.81.91.30.71.411.61.82
Cash Flow from Ops. -0.23.31.821.212.4-0.72.42.6-
Debt/CF from Ops. -5.6000000-0.70.20.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 7.6%6%6.7%11.7%
Adj EPS 11.1%5.9%7.5%9.9%
BVPS6.4%4.9%5.7%6%
Share Price 21.5% 34.1% 36.5% 24.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
6.610.515.814.39.64.89.66.79.81010.8
Op. Profit
Mgn %
19.514.719.418.918.716.59.312.113.71312.6
Net Profit
Mgn %
6.47.11011.38.55.58.37.78.68.49.3
Debt to
Equity
0.1000000000.10.2
Working Cap
Days
234158126169203296199268235234121
Cash Conv.
Cycle
1541097910513322816417213515167

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 10.80%

Sales growth is good in last 4 quarters at 40.09%

Sales growth has been subdued in last 3 years 6.72%

Net Profit has been subdued in last 3 years 7.54%

Latest Financials - Solitaire Machine Tools Ltd.

Standalone Consolidated
TTM EPS (₹) 4.3 2.7
TTM Sales (₹ Cr.) 20.9 15.6
BVPS (₹.) 39.9 0
Reserves (₹ Cr.) 14 10
P/BV 2.86 0.00
PE 26.58 42.57
From the Market
52 Week Low / High (₹) 60.10 / 122.70
All Time Low / High (₹) 0.75 / 122.70
Market Cap (₹ Cr.) 51.8
Equity (₹ Cr.) 4.5
Face Value (₹) 10
Industry PE 59

Management X-Ray of Solitaire Machine:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.640.640.640.640.640.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Solitaire Machine

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
Sales10.7915.6518.3416.3615.6012.2617.1613.5818.6720.86
Operating Expenses 8.7013.4014.7813.3112.7510.2715.5611.9416.1818.18
Manufacturing Costs1.371.421.731.491.391.190.991.201.011.31
Material Costs4.298.758.797.576.794.6710.556.379.3910.97
Employee Cost 1.421.612.432.813.0432.923.233.803.96
Other Costs 1.621.621.831.451.531.411.101.141.981.94
Operating Profit 2.102.253.563.052.851.991.601.642.492.68
Operating Profit Margin (%) 19.4%14.4%19.4%18.6%18.3%16.2%9.3%12.1%13.3%12.9%
Other Income 0.160.270.320.420.290.330.860.300.330.43
Interest 0.130.090.050.070.070.100.140.140.150.10
Depreciation 1.010.730.760.910.981.190.650.570.560.56
Exceptional Items -0.080000000.1900
Profit Before Tax 1.051.703.062.482.081.031.671.412.102.46
Tax 0.420.611.140.570.780.370.250.360.510.65
Profit After Tax 0.631.091.921.911.300.661.421.061.601.80
PAT Margin (%) 5.8%7.0%10.4%11.7%8.3%5.4%8.3%7.8%8.5%8.6%
Adjusted EPS (₹)1.42.44.24.22.91.53.12.33.54.0
Dividend Payout Ratio (%)54%42%30%26%39%52%32%52%43%44%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 10.3610.9012.3113.5514.2314.2215.2815.9117.0218.04
Share Capital 4.544.544.544.544.544.544.544.544.544.54
Reserves 5.826.367.779.019.699.6810.7311.3712.4813.50
Minority Interest0000000000
Debt1.080.08000000.470.532.03
Long Term Debt00000000.4701.62
Short Term Debt1.080.080000000.530.42
Trade Payables1.061.111.752.131.791.121.091.751.521.58
Others Liabilities 4.353.963.273.053.5653.851.862.536.62
Total Liabilities 16.8616.0617.3318.7319.5820.3520.212021.6028.27

Fixed Assets

Gross Block14.9215.217.928.148.5810.5010.5810.8510.9411.61
Accumulated Depreciation8.559.280.761.672.6543.874.444.705.13
Net Fixed Assets6.375.937.156.475.936.496.716.416.246.48
CWIP 01.1000.200000.041.725.72
Investments 0.540.540.161.172.422.262.181.300.590.78
Inventories5.773.393.654.966.399.484.816.665.525.48
Trade Receivables1.512.043.122.722.290.563.021.6146
Cash Equivalents 1.682.282.772.811.951.023.150.510.680.89
Others Assets0.980.780.480.410.600.540.353.472.832.93
Total Assets 16.8616.0617.3318.7319.5820.3520.212021.6028.27

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity -0.193.251.842.031.150.992.37-0.712.402.56
PBT 0.631.092.872.502.071.021.631.412.102.46
Adjustment 1.361.200.590.790.881.08-0.010.360.690.24
Changes in Working Capital -1.781.73-0.29-0.59-1.2-0.551.33-2.140.150.54
Tax Paid -0.40-0.76-1.33-0.67-0.60-0.55-0.57-0.34-0.54-0.68
Cash Flow From Investing Activity 0.02-1.23-0.72-1.28-1.38-0.53-2.390.39-1.62-3.25
Capex -0.14-0.27-0.89-0.23-0.25-1.47-0.08-0.31-2.51-4.29
Net Investments 000-1.01-1.250.87-2.390.950.741.01
Others 0.16-0.960.17-0.040.110.070.08-0.250.150.03
Cash Flow From Financing Activity -0.54-1.43-0.63-0.71-0.62-0.62-0.340.02-0.590.78
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 00-0.0800000.47-0.502.03
Interest Paid -0.10-0.02-0.01-0.03-0.01-0.0100-0.07-0.04
Dividend Paid -0.23-0.34-0.55-0.68-0.62-0.62-0.34-0.45-0.55-0.69
Others -0.22-1.070000000.53-0.53
Net Cash Flow -0.710.590.490.04-0.86-0.16-0.36-0.300.190.08
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)6.0510.2416.514.779.344.649.616.779.6910.29
ROCE (%)10.1215.9326.7219.7915.517.9312.279.7913.3213.58
Asset Turnover Ratio0.681.021.170.920.810.610.850.680.90.84
PAT to CFO Conversion(x)-0.32.980.961.060.881.51.67-0.671.51.42
Working Capital Days
Receivable Days43394864594238625588
Inventory Days157100669513323615215411996
Payable Days10445599310511438816452

Solitaire Machine Tools Ltd Stock News

Solitaire Machine Tools Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Solitaire Machine on 26-Dec-2024 16:01 is ₹110.5.
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 26-Dec-2024 16:01 the market cap of Solitaire Machine stood at ₹51.81.
The latest P/E ratio of Solitaire Machine as of 26-Dec-2024 16:01 is 26.58.
The latest P/B ratio of Solitaire Machine as of 26-Dec-2024 16:01 is 2.86.
The 52-week high of Solitaire Machine is ₹122.7 and the 52-week low is ₹60.10.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Solitaire Machine is ₹20.87 ( Cr.) .

About Solitaire Machine Tools Ltd

Solitaire Machine Tools (SMTL) was incorporated in 1987 and was publicly listed on Bombay Stock Exchange in 1994. Solitaire Machine Tools, is a leading manufacturer of Precision Centerless Grinders in India. The company has been working as an exclusive licensee of Cincinnati Milacron, USA.

SMTL offers Rebuilding and CNC Retrofitting services to customers for any model of Cincinnati Centerless Grinders.SMTL also manufactures small Centerless Grinders with 100 mm ( 4' ) wheel width ( No.1) and large Centerless Grinders with 500 mm ( 20' ) wheel width (No.3)

SMTL has entered in licensing arrangement with Bocca & Malandrone Sunebo S.p.A of Italy in 2007. The Bocca line of grinders will be offered to Indian customers directly by SMTL and worldwide through Bocca, Italy.

SMTL produced its first centerless grinder in 1988. In the years since, the plant has produced over 510 Centerless grinders. Approximately 55% of the grinders produced are exported directly to USA and  the balance are being used by Indian customers.

SMTL is currently developing Bocca line of CNC Centerless Grinders with wheel width from 200 mm to 500 mm.

Products manufactured by the company:

SMTL manufacturers Precision Centerless Grinders in two primary sizes with wheel widths of 200 mm and 250 mm. A smaller 100 mm wheel width grinder has been developed in 2002 and as of date about 25 machines of this size have been supplied to various customers. The large 500 mm wheel width grinder has been developed in 2007 and couple of machines have been supplied to customers.

The grinders are offered standard with conventional hydraulic and pneumatic controls. More advanced CNC versions utilizing Siemens Controls and supporting from 1 to 6 axes of control are also being offered. Optionally, SMTL also designs customized loading / unloading systems for complete  automation of the grinding process.

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