SP Refractories Ltd - Stock Valuation and Financial Performance

BSE: 0 | NSE: SPRL | Refractories | Small Cap

BSE Share Price
Not Listed

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SP Refractories stock performance -

mw4me loader
P/E Ratio (SA):
20.90
Market Cap:
32.6 Cr.
52-wk low:
0
52-wk high:
0

Is SP Refractories Ltd an attractive stock to invest in?

1. Is SP Refractories Ltd a good quality company?

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

2. Is SP Refractories Ltd undervalued or overvalued?

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

3. Is SP Refractories Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of SP Refractories 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 SP Refractories:

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.
SP Refractories 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'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 9.4%13%15.2%16.3%9%17.6%-
Value Creation
Index
-0.3-0.10.10.2-0.40.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 18.52125.731.527.228.829
Sales YoY Gr.-13.2%22.6%22.7%-13.6%5.8%-
Adj EPS 1.42.75.15.53.48.68.7
YoY Gr.-94.2%88.4%8.9%-37.5%150.9%-
BVPS (₹) 23.626.331.346.55058.758.7
Adj Net
Profit
0.20.40.810.61.62
Cash Flow from Ops. 0.80.8-0.70.80.41.6-
Debt/CF from Ops. 4.55.2-5.86.313.33-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA9.2%3.9%5.8%
Adj EPS NA44.3%19.6%150.9%
BVPSNA20%23.3%17.4%
Share Price - - - 91.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
5.910.717.615.27.115.914.9
Op. Profit
Mgn %
4.75.75.76.35.410.1NAN
Net Profit
Mgn %
1.11.92.93.12.35.45.4
Debt to
Equity
1.11.10.80.60.60.5-
Working Cap
Days
011189841301250
Cash Conv.
Cycle
090696197990

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 14.80%

Net Profit is growing at healthy rate in last 3 years 19.56%

Debt to equity has declined versus last 3 years average to 0.45

Sales growth has been subdued in last 3 years 3.88%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - SP Refractories Ltd.

Standalone Consolidated
TTM EPS (₹) 8.7 -
TTM Sales (₹ Cr.) 28.8 -
BVPS (₹.) 58.7 -
Reserves (₹ Cr.) 9 -
P/BV 3.10 -
PE 20.90 -
From the Market
52 Week Low / High (₹) 0.00 / 0.00
All Time Low / High (₹) - / -
Market Cap (₹ Cr.) 32.6
Equity (₹ Cr.) 1.8
Face Value (₹) 10
Industry PE 37.2

Management X-Ray of SP Refractories:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of SP Refractories

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales18.5320.9725.7031.5227.2428.81
Operating Expenses 17.6619.7824.2329.5225.7625.92
Manufacturing Costs002.592.942.824.18
Material Costs13.5815.5418.3222.6620.4218.09
Employee Cost 1.431.301.521.771.522.10
Other Costs 2.652.941.802.1611.54
Operating Profit 0.871.191.461.991.482.89
Operating Profit Margin (%) 4.7%5.7%5.7%6.3%5.4%10.0%
Other Income 0.030.030.030.010.010.03
Interest 0.400.440.210.420.410.43
Depreciation 0.220.220.240.220.240.33
Exceptional Items 000000
Profit Before Tax 0.280.551.051.360.832.17
Tax 0.080.150.290.380.220.61
Profit After Tax 0.210.400.750.980.621.56
PAT Margin (%) 1.1%1.9%2.9%3.1%2.3%5.4%
Adjusted EPS (₹)1.42.75.15.53.48.7
Dividend Payout Ratio (%)0%0%0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 3.523.924.678.328.9410.50
Share Capital 0.500.501.491.791.791.79
Reserves 3.023.423.186.537.158.71
Minority Interest000000
Debt3.754.133.795.075.424.67
Long Term Debt0.500.300.261.192.112.09
Short Term Debt3.253.843.533.883.312.59
Trade Payables0.140.411.011.521.371.16
Others Liabilities 0.520.521.100.360.370.81
Total Liabilities 7.928.9810.5715.2816.1017.14

Fixed Assets

Gross Block3.874.031.904.046.379.93
Accumulated Depreciation1.802.03002.482.81
Net Fixed Assets2.072.011.904.043.897.12
CWIP 0000.762.410
Investments 000.010.010.010.01
Inventories1.201.321.392.303.042.89
Trade Receivables4.014.476.956.066.096.41
Cash Equivalents 0.020.0100.820.010.01
Others Assets0.631.180.311.290.660.70
Total Assets 7.928.9810.5715.2816.1017.14

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 0.840.79-0.660.800.411.59
PBT 0.280.551.051.360.832.17
Adjustment 0.610.660.420.630.650.75
Changes in Working Capital 0.03-0.26-1.82-0.8-0.84-0.79
Tax Paid -0.08-0.16-0.31-0.39-0.24-0.54
Cash Flow From Investing Activity -0.17-0.16-0.11-3.13-1.73-1.15
Capex -0.19-0.16-0.13-2.38-0.09-1.15
Net Investments 000000
Others 0.010.010.02-0.75-1.650
Cash Flow From Financing Activity -0.65-0.640.763.150.51-0.44
Net Proceeds from Shares 0002.6800
Net Proceeds from Borrowing 000000
Interest Paid -0.40-0.44-0.21-0.41-0.41-0.43
Dividend Paid 000000
Others -0.26-0.200.970.880.92-0.01
Net Cash Flow 0.01-0.01-0.010.82-0.810
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)5.8510.7417.5515.157.1316.04
ROCE (%)9.3513.0115.2216.288.9517.57
Asset Turnover Ratio2.342.483.293.061.741.73
PAT to CFO Conversion(x)41.98-0.880.820.661.02
Working Capital Days
Receivable Days797465608179
Inventory Days242215173638
Payable Days4614202625

SP Refractories Ltd Stock News

SP Refractories Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of SP Refractories on 01-Jan-1970 05:30 is ₹0.00.
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 01-Jan-1970 05:30 the market cap of SP Refractories stood at ₹32.58.
The latest P/E ratio of SP Refractories as of 01-Jan-1970 05:30 is 20.90.
The latest P/B ratio of SP Refractories as of 01-Jan-1970 05:30 is 3.10.
The 52-week high of SP Refractories is ₹0.00 and the 52-week low is ₹0.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of SP Refractories is ₹28.81 ( Cr.) .

About SP Refractories Ltd

SP Refractories is engaged in manufacturing and supplying Refractory Material made using hydrated lime, Calcined Alumina and other raw materials. Its core focus is on refractory cement which is a niche and high margin cement widely used in iron & steel and construction industries because of its thermal conductivity, Maximum strength and Heat resistance. The company has one Manufacturing facility at M- 10, MIDC, Hingna, Nagpur and the adjoining premise M- 11-1 & M-11-2, MIDC, Hingna, Nagpur is being used as Godown and storage facility. The manufacturing facility is located in MIDC which is well-developed industrial area of Nagpur.

The company has a healthy client base due to its quality product, customized solutions and large product line. It get clinkers manufactured from outsider on job work basis and thereafter process of crushing the clinkers, blending and packing of refectory cement in powder form carries out in its manufacturing facility for excess capacity of crushing. Further, as and when required it purchase clinkers from third party and carry out process of crushing the clinkers, blending and packing of refectory cement in powder form to utilize its excess capacity of crushing.

The company has dedicated semi-automatic machines and skilled operators for manual checking of raw materials as well as Finished Goods. Its Testing and QC Technical team combined with its testing equipments ensures the quality of raw material dispensed in the production process and also the finished goods delivered to its customers. This helps in improving its procurement process thus reducing wastages, returns and other related costs. 

Business area of the company

The company manufactures and supplies refractory material made using hydrated lime, Calcined Alumina, and other raw materials.

Major Events

  • January, 2007: Incorporation of the Company.
  • December, 2007: Purchase of Manufacturing Facility.
  • March, 2020: Cross Turnover of Rs 20 crore.
  • October, 2021: Conversion of Company from Private to Public Limited.
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