BSE: 522237 | NSE: | Engineering | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Shivagrico Implements Ltd is a below average quality company.
The key valuation ratios of Shivagrico Implements 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 Shivagrico Implements 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 % ⓘ | 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 ⓘ | 24.3 | 25.5 | 23.8 | 21.9 | 25.3 | 25 | 37.9 | 48.2 | 41.5 | 43.2 | 41 |
| 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 | -0.1 | 0.1 | -0.7 | -1.8 | -1 | 0.3 | 1.3 | -0.2 | -0 | 0.2 |
| YoY Gr. | - | -233.3% | NA | -1183.3% | NA | NA | NA | 375% | -111.3% | NA | - |
| BVPS (₹) ⓘ | 15.5 | 15.4 | 15.5 | 14.9 | 13.3 | 12.2 | 12.4 | 14.2 | 14.6 | 14.8 | 15 |
| Adj Net Profit ⓘ | 0.1 | -0.1 | 0 | -0.3 | -0.9 | -0.5 | 0.1 | 0.7 | -0.1 | 0 | 0 |
| Cash Flow from Ops. ⓘ | 0.5 | 1.2 | 2.3 | -0.2 | -0.5 | 1.1 | -1.1 | 2.6 | 5.2 | 0.8 | - |
| Debt/CF from Ops. ⓘ | 17.5 | 8.3 | 4.2 | -73.8 | -26.4 | 12.6 | -17.2 | 7.2 | 3.3 | 22.9 | - |
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 | 9.5% | 40.7% | 29.1% | 21.1% | ||||
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 % ⓘ | 0.6 | -0.8 | 0.4 | -4.3 | -13.1 | -8.1 | 2.3 | 10 | -1 | -0.1 | 1.1 |
| Op. Profit Mgn % ⓘ | 7.2 | 7.2 | 6.9 | 4.4 | 2.4 | 5.7 | 5.1 | 5.8 | 5.2 | 5.2 | 7 |
| Net Profit Mgn % ⓘ | 0.2 | -0.2 | 0.1 | -1.5 | -3.7 | -2.1 | 0.4 | 1.4 | -0.2 | -0 | 0.2 |
| Debt to Equity ⓘ | 1.1 | 1.3 | 1.2 | 1.5 | 1.9 | 2.2 | 2.9 | 2.6 | 2.3 | 2.6 | 2.3 |
| Working Cap Days ⓘ | 117 | 134 | 152 | 177 | 175 | 199 | 152 | 131 | 147 | 135 | 68 |
| Cash Conv. Cycle ⓘ | 84 | 100 | 110 | 124 | 127 | 143 | 110 | 97 | 108 | 107 | 31 |
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%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 0.2 | - |
| TTM Sales (₹ Cr.) | 41.1 | - |
| BVPS (₹.) ⓘ | 15 | - |
| Reserves (₹ Cr.) ⓘ | 2 | - |
| P/BV ⓘ | 1.95 | - |
| PE ⓘ | 183.31 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 19.10 / 33.29 |
| All Time Low / High (₹) | 1.00 / 42.50 |
| Market Cap (₹ Cr.) | 14.7 |
| Equity (₹ Cr.) | 5 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 48 |
| 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 | 24.26 | 25.54 | 23.83 | 21.85 | 25.33 | 25.04 | 37.85 | 48.20 | 41.51 | 43.22 |
| Operating Expenses ⓘ | 22.53 | 23.70 | 22.18 | 20.88 | 24.73 | 23.62 | 35.98 | 45.40 | 39.36 | 40.99 |
| Manufacturing Costs | 6.08 | 6.06 | 6.41 | 7.01 | 5.09 | 4.90 | 7 | 8.77 | 5.46 | 5.92 |
| Material Costs | 14.11 | 14.71 | 13.29 | 12.08 | 15.94 | 14.31 | 23.22 | 29.16 | 28.44 | 28.99 |
| Employee Cost | 0.55 | 0.57 | 0.83 | 0.78 | 1.99 | 3.01 | 3.92 | 5.22 | 4.21 | 4.59 |
| Other Costs ⓘ | 1.78 | 2.35 | 1.64 | 1 | 1.71 | 1.40 | 1.84 | 2.25 | 1.26 | 1.49 |
| Operating Profit ⓘ | 1.73 | 1.85 | 1.65 | 0.97 | 0.60 | 1.42 | 1.86 | 2.80 | 2.15 | 2.23 |
| 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 ⓘ | 0.08 | 0.20 | 0.31 | 0.07 | 0.36 | 0.36 | 0.43 | 0.67 | 0.42 | 0.38 |
| Interest ⓘ | 0.72 | 0.80 | 0.61 | 0.57 | 0.75 | 0.87 | 0.75 | 0.95 | 1.03 | 1.10 |
| Depreciation ⓘ | 1.02 | 1.20 | 1.30 | 0.97 | 1.31 | 1.32 | 1.24 | 1.50 | 1.39 | 1.35 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0.07 | 0.05 | 0.06 | -0.50 | -1.11 | -0.41 | 0.31 | 1.03 | 0.15 | 0.16 |
| Tax ⓘ | 0.02 | 0.10 | 0.02 | -0.19 | -0.28 | 0.04 | 0.21 | 0.26 | 0.05 | 0.09 |
| Profit After Tax | 0.05 | -0.05 | 0.04 | -0.31 | -0.83 | -0.45 | 0.10 | 0.77 | 0.10 | 0.07 |
| 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 | -0.1 | 0.1 | -0.6 | -1.7 | -0.9 | 0.2 | 1.5 | 0.2 | 0.1 |
| 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 | 7.77 | 7.72 | 7.78 | 7.48 | 6.64 | 6.11 | 6.21 | 7.13 | 7.30 | 7.40 |
| Share Capital ⓘ | 5.01 | 5.01 | 5.01 | 5.01 | 5.01 | 5.01 | 5.01 | 5.01 | 5.01 | 5.01 |
| Reserves ⓘ | 2.76 | 2.71 | 2.77 | 2.47 | 1.63 | 1.09 | 1.19 | 2.12 | 2.28 | 2.39 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 7.76 | 9.57 | 9.01 | 10.44 | 12.50 | 13.04 | 17.37 | 17.25 | 15.73 | 18.15 |
| Long Term Debt | 0.87 | 0.70 | 1.22 | 0.81 | 1.22 | 0.82 | 2.05 | 3.62 | 3.04 | 2.80 |
| Short Term Debt | 6.89 | 8.87 | 7.80 | 9.62 | 11.28 | 12.22 | 15.32 | 13.63 | 12.70 | 15.34 |
| Trade Payables | 0.68 | 0.37 | 1.64 | 1.61 | 1.90 | 2.51 | 2.17 | 1.25 | 2.90 | 0.68 |
| Others Liabilities ⓘ | 1.66 | 2.90 | 1.68 | 1.53 | 0.96 | 1.13 | 1.83 | 2.33 | 2.16 | 2.47 |
| Total Liabilities ⓘ | 17.86 | 20.56 | 20.12 | 21.05 | 22.01 | 22.78 | 27.57 | 27.95 | 28.09 | 28.70 |
Fixed Assets | ||||||||||
| Gross Block | 17.66 | 18.81 | 18.67 | 21.77 | 22.72 | 23.08 | 24.37 | 26.82 | 27.83 | 30.97 |
| Accumulated Depreciation | 9.69 | 10.82 | 12.08 | 12.90 | 14.19 | 15.38 | 16.62 | 17.41 | 18.70 | 20.01 |
| Net Fixed Assetsⓘ | 7.97 | 7.99 | 6.59 | 8.87 | 8.53 | 7.70 | 7.76 | 9.41 | 9.13 | 10.96 |
| CWIP ⓘ | 0.76 | 1.82 | 3.11 | 0.66 | 0.37 | 0.62 | 2.25 | 0.11 | 0.87 | 0.13 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventories | 6.58 | 6.87 | 7.58 | 8.62 | 8.64 | 10.03 | 11.48 | 11.05 | 12.30 | 11.70 |
| Trade Receivables | 0.55 | 1.82 | 1.10 | 1.31 | 2.69 | 2.78 | 3.35 | 3.27 | 2.09 | 2.96 |
| Cash Equivalents | 0.14 | 0.11 | 0.16 | 0.16 | 0.14 | 0.14 | 0.26 | 1.05 | 2.05 | 1.57 |
| Others Assetsⓘ | 1.86 | 1.95 | 1.57 | 1.44 | 1.64 | 1.50 | 2.47 | 3.07 | 1.66 | 1.38 |
| Total Assets ⓘ | 17.86 | 20.56 | 20.12 | 21.05 | 22.01 | 22.78 | 27.57 | 27.95 | 28.09 | 28.70 |
| 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 ⓘ | 0.46 | 1.19 | 2.29 | -0.15 | -0.49 | 1.06 | -1.06 | 2.57 | 5.18 | 0.84 |
| PBT ⓘ | 0.07 | 0.05 | 0.06 | -0.50 | -1.11 | -0.41 | 0.31 | 1.03 | 0.15 | 0.16 |
| Adjustment ⓘ | 1.77 | 1.96 | 1.85 | 1.53 | 2.03 | 2.11 | 1.94 | 2.55 | 2.39 | 2.47 |
| Changes in Working Capital ⓘ | -1.35 | -0.72 | 0.36 | -1.08 | -1.4 | -0.64 | -3.33 | -1.06 | 2.63 | -1.8 |
| Tax Paid ⓘ | -0.02 | -0.10 | 0.02 | -0.09 | 0 | 0 | 0.01 | 0.05 | 0.01 | 0 |
| 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 | 0 | 0 | -0.06 | 0 | -0.01 | -0.01 | -0.11 | 0.20 | 0 | -0.05 |
| Others ⓘ | 0.01 | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | 0.03 | 0.02 | 0 | 0.02 |
| Cash Flow From Financing Activityⓘ | 0.43 | 1.01 | -1 | 0.91 | 1.12 | -0.33 | 4.07 | -0.82 | -2.43 | 1.10 |
| 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 ⓘ | -0.76 | -0.80 | -0.61 | -0.57 | -0.75 | -0.87 | -0.75 | -0.95 | -1.03 | -1.10 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 1.19 | 1.82 | -0.39 | 1.48 | 1.87 | 0.54 | 4.81 | 0.13 | -1.39 | 2.19 |
| Net Cash Flow ⓘ | 0.04 | -0.02 | -0.01 | 0 | -0.03 | 0 | 0.01 | 0.99 | 1.01 | -0.53 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 0.64 | -0.64 | 0.53 | -4.09 | -11.8 | -7 | 1.61 | 11.54 | 1.4 | 0.96 |
| ROCE (%) | 5.15 | 5.08 | 3.82 | 0.39 | -1.88 | 2.35 | 4.82 | 7.91 | 4.74 | 4.95 |
| Asset Turnover Ratio | 1.48 | 1.39 | 1.24 | 1.08 | 1.18 | 1.12 | 1.5 | 1.74 | 1.48 | 1.52 |
| PAT to CFO Conversion(x) | 9.2 | N/A | 57.25 | N/A | N/A | N/A | -10.6 | 3.34 | 51.8 | 12 | Working Capital Days |
| Receivable Days | 10 | 16 | 21 | 20 | 29 | 40 | 30 | 25 | 24 | 21 |
| Inventory Days | 83 | 92 | 105 | 133 | 124 | 136 | 104 | 85 | 103 | 101 |
| Payable Days | 15 | 13 | 28 | 49 | 40 | 56 | 37 | 21 | 27 | 23 |
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:
Achievements/ recognition:
The company has received Export Excellence Award for five consecutive years.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
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.
Make an informed decision for Stocks
Invest using an intelligent system with powerful data-driven tools that help you identify opportunities and make informed buy-hold-sell decisions
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Limited to the first 10 users today!
Practical Stock Investing Hand Book
By - Raymond Moses
Founder of MoneyWorks4Me | Consultant | Trainer | Author | TEDx Speaker
Register & Get Instant Access!Don't miss out! First 10 users today get it FREE
With this 4 hrs Masterclass, you’ll be able to:
Download APP
