Shivagrico Implements Ltd - Stock Valuation and Financial Performance

BSE: 522237 | NSE: | Engineering | Small Cap

Shivagrico Implement Share Price

27.70 1.26 4.77%
as on 21-Nov'24 16:59

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Shivagrico Implements stock performance -

mw4me loader
P/E Ratio (SA):
165.70
Market Cap:
13.3 Cr.
52-wk low:
19.1
52-wk high:
33.3

Is Shivagrico Implements Ltd an attractive stock to invest in?

1. Is Shivagrico Implements Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Shivagrico Implements Ltd is a below average quality company.

2. Is Shivagrico Implements Ltd undervalued or overvalued?

The key valuation ratios of Shivagrico Implements Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Shivagrico Implements Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Shivagrico Implements 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 Shivagrico Implement:

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.
Shivagrico Implements Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 5.2%5.1%3.8%0.4%-1.9%2.4%4.8%7.9%4.7%5%-
Value Creation
Index
-0.6-0.6-0.7-1.0-1.1-0.8-0.7-0.4-0.7-0.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 24.325.523.821.925.32537.948.241.543.241
Sales YoY Gr.-5.3%-6.7%-8.3%15.9%-1.1%51.2%27.3%-13.9%4.1%-
Adj EPS 0.1-0.10.1-0.7-1.8-10.31.3-0.2-00.2
YoY Gr.--233.3%NA-1183.3%NANANA375%-111.3%NA-
BVPS (₹) 15.515.415.514.913.312.212.414.214.614.815
Adj Net
Profit
0.1-0.10-0.3-0.9-0.50.10.7-0.100
Cash Flow from Ops. 0.51.22.3-0.2-0.51.1-1.12.65.20.8-
Debt/CF from Ops. 17.58.34.2-73.8-26.412.6-17.27.23.322.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 6.6%11.3%4.5%4.1%
Adj EPS -184.6%NA-141.5%NA
BVPS-0.5%2.2%6.1%1.4%
Share Price 8.3% 40.5% 36.9% 42.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
0.6-0.80.4-4.3-13.1-8.12.310-1-0.11.1
Op. Profit
Mgn %
7.27.26.94.42.45.75.15.85.25.27
Net Profit
Mgn %
0.2-0.20.1-1.5-3.7-2.10.41.4-0.2-00.2
Debt to
Equity
1.11.31.21.51.92.22.92.62.32.62.3
Working Cap
Days
11713415217717519915213114713568
Cash Conv.
Cycle
841001101241271431109710810731

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 1.10%

Sales growth has been subdued in last 3 years 4.52%

Net Profit has been subdued in last 3 years -141.49%

Debt to equity has increased versus last 3 years average to 2.59

Sales growth is not so good in last 4 quarters at -0.02%

Latest Financials - Shivagrico Implements Ltd.

Standalone Consolidated
TTM EPS (₹) 0.2 -
TTM Sales (₹ Cr.) 41.1 -
BVPS (₹.) 15 -
Reserves (₹ Cr.) 2 -
P/BV 1.77 -
PE 165.70 -
From the Market
52 Week Low / High (₹) 19.10 / 33.29
All Time Low / High (₹) 1.00 / 42.50
Market Cap (₹ Cr.) 13.3
Equity (₹ Cr.) 5
Face Value (₹) 10
Industry PE 46.2

Management X-Ray of Shivagrico Implement:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Shivagrico Implement

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
Sales24.2625.5423.8321.8525.3325.0437.8548.2041.5143.22
Operating Expenses 22.5323.7022.1820.8824.7323.6235.9845.4039.3640.99
Manufacturing Costs6.086.066.417.015.094.9078.775.465.92
Material Costs14.1114.7113.2912.0815.9414.3123.2229.1628.4428.99
Employee Cost 0.550.570.830.781.993.013.925.224.214.59
Other Costs 1.782.351.6411.711.401.842.251.261.49
Operating Profit 1.731.851.650.970.601.421.862.802.152.23
Operating Profit Margin (%) 7.2%7.2%6.9%4.4%2.4%5.7%4.9%5.8%5.2%5.2%
Other Income 0.080.200.310.070.360.360.430.670.420.38
Interest 0.720.800.610.570.750.870.750.951.031.10
Depreciation 1.021.201.300.971.311.321.241.501.391.35
Exceptional Items 0000000000
Profit Before Tax 0.070.050.06-0.50-1.11-0.410.311.030.150.16
Tax 0.020.100.02-0.19-0.280.040.210.260.050.09
Profit After Tax 0.05-0.050.04-0.31-0.83-0.450.100.770.100.07
PAT Margin (%) 0.2%-0.2%0.2%-1.4%-3.3%-1.8%0.3%1.6%0.2%0.2%
Adjusted EPS (₹)0.1-0.10.1-0.6-1.7-0.90.21.50.20.1
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 7.777.727.787.486.646.116.217.137.307.40
Share Capital 5.015.015.015.015.015.015.015.015.015.01
Reserves 2.762.712.772.471.631.091.192.122.282.39
Minority Interest0000000000
Debt7.769.579.0110.4412.5013.0417.3717.2515.7318.15
Long Term Debt0.870.701.220.811.220.822.053.623.042.80
Short Term Debt6.898.877.809.6211.2812.2215.3213.6312.7015.34
Trade Payables0.680.371.641.611.902.512.171.252.900.68
Others Liabilities 1.662.901.681.530.961.131.832.332.162.47
Total Liabilities 17.8620.5620.1221.0522.0122.7827.5727.9528.0928.70

Fixed Assets

Gross Block17.6618.8118.6721.7722.7223.0824.3726.8227.8330.97
Accumulated Depreciation9.6910.8212.0812.9014.1915.3816.6217.4118.7020.01
Net Fixed Assets7.977.996.598.878.537.707.769.419.1310.96
CWIP 0.761.823.110.660.370.622.250.110.870.13
Investments 0000000000
Inventories6.586.877.588.628.6410.0311.4811.0512.3011.70
Trade Receivables0.551.821.101.312.692.783.353.272.092.96
Cash Equivalents 0.140.110.160.160.140.140.261.052.051.57
Others Assets1.861.951.571.441.641.502.473.071.661.38
Total Assets 17.8620.5620.1221.0522.0122.7827.5727.9528.0928.70

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 0.461.192.29-0.15-0.491.06-1.062.575.180.84
PBT 0.070.050.06-0.50-1.11-0.410.311.030.150.16
Adjustment 1.771.961.851.532.032.111.942.552.392.47
Changes in Working Capital -1.35-0.720.36-1.08-1.4-0.64-3.33-1.062.63-1.8
Tax Paid -0.02-0.100.02-0.09000.010.050.010
Cash Flow From Investing Activity -0.86-2.23-1.31-0.76-0.66-0.74-3-0.75-1.74-2.47
Capex -0.87-2.25-1.28-0.78-0.68-0.75-2.92-0.98-1.75-2.44
Net Investments 00-0.060-0.01-0.01-0.110.200-0.05
Others 0.010.030.030.020.020.020.030.0200.02
Cash Flow From Financing Activity 0.431.01-10.911.12-0.334.07-0.82-2.431.10
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -0.76-0.80-0.61-0.57-0.75-0.87-0.75-0.95-1.03-1.10
Dividend Paid 0000000000
Others 1.191.82-0.391.481.870.544.810.13-1.392.19
Net Cash Flow 0.04-0.02-0.010-0.0300.010.991.01-0.53
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)0.64-0.640.53-4.09-11.8-71.6111.541.40.96
ROCE (%)5.155.083.820.39-1.882.354.827.914.744.95
Asset Turnover Ratio1.481.391.241.081.181.121.51.741.481.52
PAT to CFO Conversion(x)9.2N/A57.25N/AN/AN/A-10.63.3451.812
Working Capital Days
Receivable Days10162120294030252421
Inventory Days839210513312413610485103101
Payable Days15132849405637212723

Shivagrico Implements Ltd Stock News

Shivagrico Implements Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Shivagrico Implement on 21-Nov-2024 16:59 is ₹27.70.
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 21-Nov-2024 16:59 the market cap of Shivagrico Implement stood at ₹13.26.
The latest P/E ratio of Shivagrico Implement as of 21-Nov-2024 16:59 is 165.7.
The latest P/B ratio of Shivagrico Implement as of 21-Nov-2024 16:59 is 1.77.
The 52-week high of Shivagrico Implement is ₹33.29 and the 52-week low is ₹19.10.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Shivagrico Implement is ₹41.08 ( Cr.) .

About Shivagrico Implements Ltd

Shivagrico Implements Ltd. a Ranawat Group of company is one of the leading manufacturer & exporter of Agricultural Implements / Hand tools for the last three decades, and was recognized as a Public Limited Company in 1992.

The company has wide product range of about 115 products of agricultural implements & hand tools such as pickaxes, crowbars, garden rakes, shuttering clamps, hoes etc.

Their manufacturing unit is located at Rajasthan (Falna) and their head office is in Mumbai. They have their own induction furnace, rolling plant and two forging units. Hence starting from the basic raw material like ingots up to the finished product, every product is manufactured by them. Their team of dedicated and qualified personnel supervises the entire production. Quality is determined at every stage of production.

The company is also having its workshop to make dyes, tools, jigs etc. which can be used for the manufacturing of any rolled / forged items as per buyer's specification and can undertake turnkey projects for establishment of industrial units for manufacturing agricultural implements.

They have been exporting their products under the trademark 'Lion Brand'. Their satisfied customers hail from various countries like Africa, U.K., Mozambique, Curaceo, Ghana and a number of gulf countries such as Dubai, Jeddah, Riyadh and Asian countries like Srilanka etc. They also supply their products to defense, railways, PWD irrigation. They have also received Export Excellence Award for five consecutive years.

They assure that the agricultural implements manufactured by them shall meet customer's specifications to the best of their ability. To assure the customer of quality and timely service, they have an in house laboratory for testing the chemical composition.

Shivagrico Implements made a tremendous progress as the manufacturer and exporter of hand tools, shuttering clamps, garden tools, wrenches, hoes and tool holders from India. Their innovative range of hand tools depicts their commitment to promote high quality hand tools after much research and modifications.

Product range of the company includes:

  • Hand tools
  • Shuttering Clamps
  • Garden tools
  • Wrenches
  • Hoes 
  • Tool holders
  • Pickaxes
  • Crowbars
  • Garden rakes
  • Animal drawn plough
  • Picks and beaters
  • Chisel
  • Axes
  • Ridger
  • Wheel barrows
  • Wrecking bars

Achievements/ recognition:

The company has received Export Excellence Award for five consecutive years.

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