BSE: 544171 | NSE: | Engineering - Industrial Equipments | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Storage Technologies & Automation Ltd is a below average quality company.
The key valuation ratios of Storage Technologies & Automation Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Storage Technologies & Automation 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'23 | Mar'24 | TTM | |
|---|---|---|---|
| ROCE % ⓘ | 13.3% | 46.2% | - |
| Value Creation Index ⓘ | -0.1 | 2.3 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||
| Sales ⓘ | 76.7 | 88.9 | 89 |
| Sales YoY Gr. | - | 15.9% | - |
| Adj EPS ⓘ | 0.3 | 6.6 | 4.5 |
| YoY Gr. | - | 2106.7% | - |
| BVPS (₹) ⓘ | 6 | 12.5 | 32.1 |
| Adj Net Profit ⓘ | 0.3 | 6 | 6 |
| Cash Flow from Ops. ⓘ | 5 | 3.1 | - |
| Debt/CF from Ops. ⓘ | 2.1 | 5.6 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | NA | 15.9% | ||||
| Adj EPS ⓘ | NA | NA | NA | 2106.7% | ||||
| BVPSⓘ | NA | NA | NA | 107.1% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'23 | Mar'24 | TTM | |
|---|---|---|---|
| Return on Equity % ⓘ | 4.9 | 71.6 | 20.3 |
| Op. Profit Mgn % ⓘ | 5.5 | 13.6 | NAN |
| Net Profit Mgn % ⓘ | 0.4 | 6.7 | 6.5 |
| Debt to Equity ⓘ | 1.9 | 1.6 | - |
| Working Cap Days ⓘ | 0 | 160 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 39 | 0 |
No data to display
Return on Equity has declined versus last 3 years average to 20.30%
Sales growth has been subdued in last 3 years 0.00%
Net Profit has been subdued in last 3 years 0.00%
Debt to equity has increased versus last 3 years average to 1.56
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 4.5 | 4.7 |
| TTM Sales (₹ Cr.) | 88.9 | 93.7 |
| BVPS (₹.) ⓘ | 32.1 | 32.7 |
| Reserves (₹ Cr.) ⓘ | 28 | 29 |
| P/BV ⓘ | 3.93 | 3.86 |
| PE ⓘ | 27.84 | 26.65 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 105.50 / 220.50 |
| All Time Low / High (₹) | 105.50 / 220.50 |
| Market Cap (₹ Cr.) | 162 |
| Equity (₹ Cr.) | 12.8 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 57.5 |
| Pledged * | 0.00 | 0.00 |
| PARTICULARS | Mar'23 | Mar'24 |
|---|---|---|
| Sales | 77 | 89 |
| Operating Expenses ⓘ | 72 | 77 |
| Manufacturing Costs | 10 | 10 |
| Material Costs | 51 | 56 |
| Employee Cost | 7 | 6 |
| Other Costs ⓘ | 4 | 5 |
| Operating Profit ⓘ | 4 | 12 |
| Operating Profit Margin (%) | 5.5% | 13.4% |
| Other Income ⓘ | 0 | 0 |
| Interest ⓘ | 2 | 2 |
| Depreciation ⓘ | 2 | 2 |
| Exceptional Items ⓘ | 0 | 0 |
| Profit Before Tax ⓘ | 0 | 8 |
| Tax ⓘ | 0 | 2 |
| Profit After Tax | 0 | 6 |
| PAT Margin (%) | 0.4% | 6.5% |
| Adjusted EPS (₹) | 0.3 | 6.5 |
| Dividend Payout Ratio (%) | 0% | 0% |
| PARTICULARS | Mar'23 | Mar'24 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 5 | 11 | ||||||||
| Share Capital ⓘ | 3 | 9 | ||||||||
| Reserves ⓘ | 2 | 2 | ||||||||
| Minority Interest | 0 | 0 | ||||||||
| Debt | 5 | 5 | ||||||||
| Long Term Debt | 3 | 3 | ||||||||
| Short Term Debt | 2 | 2 | ||||||||
| Trade Payables | 19 | 22 | ||||||||
| Others Liabilities ⓘ | 9 | 20 | ||||||||
| Total Liabilities ⓘ | 39 | 58 | ||||||||
Fixed Assets | ||||||||||
| Gross Block | 17 | 18 | ||||||||
| Accumulated Depreciation | 8 | 10 | ||||||||
| Net Fixed Assetsⓘ | 9 | 8 | ||||||||
| CWIP ⓘ | 0 | 0 | ||||||||
| Investmentsⓘ | 0 | 0 | ||||||||
| Inventories | 6 | 12 | ||||||||
| Trade Receivables | 18 | 31 | ||||||||
| Cash Equivalents | 1 | 1 | ||||||||
| Others Assetsⓘ | 4 | 6 | ||||||||
| Total Assets ⓘ | 39 | 58 | ||||||||
| PARTICULARS | Mar'23 | Mar'24 |
|---|---|---|
| Cash Flow From Operating Activity ⓘ | 5 | 3 |
| PBT ⓘ | 0 | 8 |
| Adjustment ⓘ | 4 | 4 |
| Changes in Working Capital ⓘ | 1 | -7 |
| Tax Paid ⓘ | 0 | -2 |
| Cash Flow From Investing Activity ⓘ | -1 | -1 |
| Capex | -2 | -1 |
| Net Investments | 0 | 0 |
| Others ⓘ | 0 | 0 |
| Cash Flow From Financing Activityⓘ | -4 | -2 |
| Net Proceeds from Shares ⓘ | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 |
| Interest Paid ⓘ | -2 | -2 |
| Dividend Paid ⓘ | 0 | 0 |
| Others ⓘ | -2 | 0 |
| Net Cash Flow ⓘ | 0 | 0 |
| PARTICULARS | Mar'23 | Mar'24 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 5.28 | 69.86 | ||||||||
| ROCE (%) | 13.33 | 46.19 | ||||||||
| Asset Turnover Ratio | 1.97 | 1.83 | ||||||||
| PAT to CFO Conversion(x) | N/A | 0.5 | Working Capital Days | |||||||
| Receivable Days | 87 | 101 | ||||||||
| Inventory Days | 29 | 36 | ||||||||
| Payable Days | 138 | 134 | ||||||||
The company was originally incorporated as ‘Company Limited by Shares’ under the name ‘Storage Technologies and Automation Private Limited’ under the provisions of the Companies Act, 1956 and the Certificate of Incorporation was issued by Registrar of Companies, Bangalore on March 19, 2010, vide certificate of incorporation bearing issue by Central Registration Centre, Assistant Registrar of Companies, Karnataka. Subsequently, the company was converted into a public limited company vide special resolution passed by the shareholders at the Extra Ordinary General Meeting held on August 31, 2023 and consequently the name of the company was changed from ‘Storage Technologies and Automation Private Limited’ to ‘Storage Technologies and Automation Limited’ vide fresh Certificate of Incorporation granted to the company consequent upon conversion into public limited company dated October 12, 2023 by the Registrar of Companies, Bangalore.
The company was incorporated in the year 2010 and is engaged into storage racking system. It specialises in design, manufacturing, installation services of metal storage racks, automated warehouses and other storage solutions. Its range of products and services demonstrates their commitment to providing innovative, efficient solutions for diverse warehousing needs, catering to a wide range of industries each with its own specific storage and logistical requirements, which includes oil & gas, automotive components & aerospace, food & beverages and cold storage, pharmaceutical, textile, retail, FMCG and others.
The company is a customer-centric business driven by a focus on continuing innovation and operational efficiency. It offers its clients with a wide variety of display and storage racks for commercial as well as industrial purposes. These are manufactured using qualitative raw materials. This helps in ensuring the durability and optimum strength of the finished products. It also uses different grades of Mild steel (Hot rolled coils, cold rolled coils, Galvanised steel coils, PPGI coils, pipes and structural sections), powder for powder coating, Epoxy, Enamel paints and plastic for packaging as raw material. As an ISO 9001:2015 certified storage solution manufacturing company, its commitment to quality is evident. Its expansive infrastructure, spanning approximately 56,250 square feet in Singanayakanahalli, Yelahanka Hobli, Bangalore, Karnataka and approximately 56,250 square feet of storage facility supports a streamlined manufacturing process.
The company carries out product designing, manufacturing, quality checking, packaging, storing and delivery processes in various specialized segments of its infrastructure. All procedures are strictly monitored by its experienced team of quality controllers. Its manufacturing process, combined with its competitive strengths and strategic business approaches, positions it to meet the evolving needs of its clients effectively. It is dedicated to innovation, quality, and providing economically feasible solutions that don't just meet but exceed its clients' expectations.
Business area of the company
The company is engaged in storage racking systems. The company manufactures and installs metal storage racks, automated warehouses, and other storage solutions. The company provides storage solutions for various industries, including oil & gas, automotive, aerospace, food & beverages, pharmaceuticals, textiles, retail, and FMCG.
Major events and milestones
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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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