BSE: 526315 | NSE: | Ceramics/Marble/Granite/Sanitaryware | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Divyashakti Ltd is a average quality company.
The key valuation ratios of Divyashakti 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 Divyashakti 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 % ⓘ | 19.8% | 18.9% | 16.4% | 7.8% | 7% | 9.7% | 7.8% | 8.3% | 9.2% | 2.7% | - |
| Value Creation Index ⓘ | 0.4 | 0.4 | 0.2 | -0.4 | -0.5 | -0.3 | -0.5 | -0.4 | -0.3 | -0.8 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 63 | 68.3 | 108 | 68.6 | 33.4 | 60.1 | 56.9 | 63.6 | 75.5 | 69.8 | 61 |
| Sales YoY Gr. | - | 8.5% | 58.7% | -36.7% | -51.3% | 80% | -5.4% | 11.8% | 18.8% | -7.6% | - |
| Adj EPS ⓘ | 4.9 | 7 | 9.6 | 4.3 | 2.7 | 2.5 | 7.1 | 5.1 | 2.6 | 0.9 | 1.7 |
| YoY Gr. | - | 42.8% | 37% | -54.9% | -38.1% | -6.7% | 182% | -28.2% | -48.8% | -67.2% | - |
| BVPS (₹) ⓘ | 75.7 | 83.5 | 92.9 | 95.8 | 99 | 104.4 | 109 | 114.5 | 120.2 | 120.5 | 121.3 |
| Adj Net Profit ⓘ | 5.1 | 7.2 | 9.9 | 4.4 | 2.8 | 2.6 | 7.2 | 5.2 | 2.7 | 0.9 | 2 |
| Cash Flow from Ops. ⓘ | 14.1 | 12.1 | -8.2 | 2.5 | 17.3 | -16.4 | 10.5 | 2.4 | -9 | -1.5 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | 0 | 0 | -0 | 0 | 0.2 | -0 | -2.8 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 1.2% | 15.9% | 7.1% | -7.6% | ||||
| Adj EPS ⓘ | -17.7% | -20.5% | -50.6% | -67.2% | ||||
| BVPSⓘ | 5.3% | 4% | 3.4% | 0.2% | ||||
| Share Price | 5.6% | 6.4% | 3.5% | 8.3% | ||||
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 % ⓘ | 6.8 | 8.8 | 10.9 | 4.6 | 2.8 | 2.5 | 6.6 | 4.5 | 2.2 | 0.7 | 1.4 |
| Op. Profit Mgn % ⓘ | 14 | 16.4 | 14.4 | 9.7 | 13.4 | 8.4 | 21.1 | 13.3 | 7.5 | 4.2 | 3.1 |
| Net Profit Mgn % ⓘ | 8 | 10.5 | 9.1 | 6.5 | 8.3 | 4.3 | 12.7 | 8.2 | 3.5 | 1.3 | 2.9 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
| Working Cap Days ⓘ | 316 | 273 | 187 | 347 | 748 | 452 | 518 | 462 | 446 | 551 | 405 |
| Cash Conv. Cycle ⓘ | 202 | 165 | 128 | 236 | 458 | 328 | 413 | 386 | 380 | 483 | 351 |
Sales growth is good in last 4 quarters at 17.12%
Return on Equity has declined versus last 3 years average to 1.40%
Sales growth has been subdued in last 3 years 7.05%
Net Profit has been subdued in last 3 years -50.60%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 1.7 | - |
| TTM Sales (₹ Cr.) | 61.3 | - |
| BVPS (₹.) ⓘ | 121.3 | - |
| Reserves (₹ Cr.) ⓘ | 114 | - |
| P/BV ⓘ | 0.62 | - |
| PE ⓘ | 44.51 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 66.11 / 98.30 |
| All Time Low / High (₹) | 1.25 / 176.95 |
| Market Cap (₹ Cr.) | 77.7 |
| Equity (₹ Cr.) | 10.3 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 42.5 |
| 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 | 62.96 | 68.28 | 108.34 | 68.58 | 33.40 | 60.13 | 56.88 | 63.57 | 75.53 | 69.77 |
| Operating Expenses ⓘ | 54.29 | 57.20 | 93.37 | 62.76 | 29.54 | 55.16 | 46.22 | 55.12 | 69.90 | 66.82 |
| Manufacturing Costs | 15.53 | 12.52 | 11.26 | 5.55 | 7.81 | 12.40 | 6.96 | 9.13 | 11.05 | 4.10 |
| Material Costs | 33.28 | 37.89 | 74.78 | 51.16 | 14.42 | 34.46 | 29.73 | 36.36 | 47.03 | 54.08 |
| Employee Cost | 1.72 | 2.02 | 2.09 | 2.30 | 2.80 | 3.60 | 3.09 | 3.74 | 4.12 | 3.53 |
| Other Costs ⓘ | 3.76 | 4.78 | 5.24 | 3.75 | 4.51 | 4.70 | 6.44 | 5.90 | 7.71 | 5.11 |
| Operating Profit ⓘ | 8.67 | 11.08 | 14.97 | 5.83 | 3.86 | 4.96 | 10.66 | 8.44 | 5.63 | 2.96 |
| Operating Profit Margin (%) | 13.8% | 16.2% | 13.8% | 8.5% | 11.6% | 8.3% | 18.7% | 13.3% | 7.5% | 4.2% |
| Other Income ⓘ | 6.97 | 5.42 | 0.91 | 2.40 | 4.70 | 7.38 | 0.21 | 3.47 | 7.99 | 2.86 |
| Interest ⓘ | 0.07 | 0.05 | 0.17 | 0.12 | 0.16 | 0.17 | 0.08 | 0.06 | 0.09 | 0.16 |
| Depreciation ⓘ | 1.05 | 1.10 | 1.13 | 0.65 | 1.59 | 2.23 | 2.35 | 2.40 | 2.52 | 2.43 |
| Exceptional Items ⓘ | 0 | 0 | 0.10 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 14.53 | 15.35 | 14.69 | 7.45 | 6.82 | 9.94 | 8.45 | 9.46 | 11.01 | 3.23 |
| Tax ⓘ | 5.18 | 5.21 | 5.21 | 2.63 | 1.67 | 2.47 | 2.15 | 2.31 | 3.18 | 0.91 |
| Profit After Tax | 9.35 | 10.14 | 9.48 | 4.82 | 5.15 | 7.47 | 6.30 | 7.15 | 7.83 | 2.32 |
| PAT Margin (%) | 14.8% | 14.8% | 8.7% | 7.0% | 15.4% | 12.4% | 11.1% | 11.2% | 10.4% | 3.3% |
| Adjusted EPS (₹) | 9.1 | 9.9 | 9.2 | 4.7 | 5.0 | 7.3 | 6.1 | 7.0 | 7.6 | 2.3 |
| Dividend Payout Ratio (%) | 16% | 15% | 16% | 32% | 30% | 21% | 24% | 0% | 26% | 89% |
| 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 | 77.46 | 85.74 | 95.39 | 98.36 | 101.61 | 107.18 | 111.96 | 117.56 | 123.43 | 123.69 |
| Share Capital ⓘ | 10.27 | 10.27 | 10.27 | 10.27 | 10.27 | 10.27 | 10.27 | 10.27 | 10.27 | 10.27 |
| Reserves ⓘ | 67.19 | 75.48 | 85.12 | 88.09 | 91.34 | 96.91 | 101.69 | 107.30 | 113.16 | 113.43 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 0 | 0 | 0 | 0 | 0.14 | 0.05 | 0 | 0.27 | 0.15 | 0.01 |
| Long Term Debt | 0 | 0 | 0 | 0 | 0.14 | 0.05 | 0 | 0.27 | 0.15 | 0.01 |
| Short Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Payables | 3.43 | 3.82 | 10.09 | 18.80 | 20.08 | 11.97 | 10.49 | 10.47 | 10.08 | 10.43 |
| Others Liabilities ⓘ | 20.84 | 22.22 | 2.86 | 3.68 | 7.84 | 7.74 | 6.32 | 4.15 | 4.41 | 9.15 |
| Total Liabilities ⓘ | 101.74 | 111.79 | 108.34 | 120.84 | 129.67 | 126.94 | 128.78 | 132.46 | 138.06 | 143.28 |
Fixed Assets | ||||||||||
| Gross Block | 28.12 | 28.13 | 30.89 | 30.99 | 56.50 | 58.87 | 59.66 | 61.22 | 57.92 | 57.92 |
| Accumulated Depreciation | 20.71 | 21.80 | 22.93 | 23.58 | 25.07 | 27.20 | 29.55 | 31.49 | 30.17 | 32.61 |
| Net Fixed Assetsⓘ | 7.42 | 6.32 | 7.96 | 7.40 | 31.43 | 31.67 | 30.11 | 29.73 | 27.75 | 25.32 |
| CWIP ⓘ | 0 | 0 | 0 | 9.77 | 3.57 | 0 | 0.36 | 0 | 0 | 0 |
| Investmentsⓘ | 0 | 0 | 0 | 15.96 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventories | 7.60 | 7.43 | 12.28 | 13.07 | 16.72 | 9.53 | 7.29 | 13.01 | 7.01 | 7.52 |
| Trade Receivables | 28.31 | 28.22 | 44.40 | 51.42 | 44.63 | 71.26 | 69.12 | 67.35 | 93.13 | 97.80 |
| Cash Equivalents | 42.73 | 53.57 | 41.13 | 16.48 | 28.98 | 12.06 | 20.08 | 20.03 | 8.41 | 9.39 |
| Others Assetsⓘ | 15.68 | 16.24 | 2.57 | 6.74 | 4.33 | 2.41 | 1.81 | 2.33 | 1.76 | 3.25 |
| Total Assets ⓘ | 101.74 | 111.79 | 108.34 | 120.84 | 129.67 | 126.94 | 128.78 | 132.46 | 138.06 | 143.28 |
| 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 ⓘ | 14.07 | 12.12 | -8.21 | 2.51 | 17.26 | -16.44 | 10.48 | 2.43 | -9 | -1.53 |
| PBT ⓘ | 14.53 | 15.35 | 14.69 | 7.45 | 6.82 | 9.94 | 8.45 | 9.46 | 11.01 | 3.23 |
| Adjustment ⓘ | 0.91 | 0.50 | 0.81 | 0.10 | 1.15 | 2.07 | 2.14 | 2.01 | 2.48 | 3.23 |
| Changes in Working Capital ⓘ | 3.98 | 1.56 | -17.6 | -2.82 | 11.29 | -27.12 | 0.94 | -6.77 | -19.67 | -6.82 |
| Tax Paid ⓘ | -5.34 | -5.29 | -6.10 | -2.22 | -2.01 | -1.32 | -1.05 | -2.28 | -2.82 | -1.16 |
| Cash Flow From Investing Activity ⓘ | -0.35 | 3.84 | -3.43 | -24.61 | -4.64 | 3.49 | -4.64 | -4.90 | 7.12 | 1.07 |
| Capex | -1.11 | -0.01 | -2.76 | -0.10 | -25.62 | -2.47 | -0.80 | -1.63 | -0.64 | 0 |
| Net Investments | 0 | 0 | 0 | -15.96 | 14.35 | 2.22 | -3.70 | -3.60 | 0 | 0 |
| Others ⓘ | 0.76 | 3.85 | -0.66 | -8.55 | 6.63 | 3.74 | -0.15 | 0.33 | 7.76 | 1.07 |
| Cash Flow From Financing Activityⓘ | -1.72 | -1.86 | -1.82 | -1.87 | -1.72 | -1.85 | -1.56 | -1.20 | -2.19 | 1.95 |
| Net Proceeds from Shares ⓘ | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0.14 | -0.09 | -0.05 | 0.34 | -0.13 | -0.14 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0.02 | -0.10 |
| Dividend Paid ⓘ | -1.46 | -1.55 | -1.51 | -1.55 | -1.55 | -1.45 | -1.51 | -1.54 | -2.05 | -2.05 |
| Others ⓘ | -0.26 | -0.31 | -0.31 | -0.31 | -0.31 | -0.31 | 0 | 0 | 0.01 | 4.24 |
| Net Cash Flow ⓘ | 12.01 | 14.10 | -13.46 | -23.97 | 10.90 | -14.79 | 4.28 | -3.68 | -4.07 | 1.49 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 12.68 | 12.42 | 10.46 | 4.97 | 5.15 | 7.16 | 5.75 | 6.23 | 6.5 | 1.88 |
| ROCE (%) | 19.8 | 18.87 | 16.4 | 7.81 | 6.97 | 9.67 | 7.77 | 8.28 | 9.19 | 2.69 |
| Asset Turnover Ratio | 0.64 | 0.65 | 0.98 | 0.6 | 0.27 | 0.47 | 0.44 | 0.49 | 0.56 | 0.5 |
| PAT to CFO Conversion(x) | 1.5 | 1.2 | -0.87 | 0.52 | 3.35 | -2.2 | 1.66 | 0.34 | -1.15 | -0.66 | Working Capital Days |
| Receivable Days | 168 | 149 | 122 | 255 | 525 | 352 | 450 | 392 | 388 | 499 |
| Inventory Days | 58 | 40 | 33 | 67 | 163 | 80 | 54 | 58 | 48 | 38 |
| Payable Days | 41 | 35 | 34 | 103 | 492 | 170 | 138 | 105 | 80 | 69 |
Divyashakti Granites ever since its inception in 1994 has carved a niche for itself for producing world-class granite. Despite its brief presence, the company has grown into one of the Country’s largest 100% Export Oriented Granite Processing Unit in a wide spectrum of colors, textures and finish, to customers world-wide.
Divyashakti Granite born as a new bright star in the export market of processed granite was the brain child of Shri N.V.Rattaiah, a Civil Engineer and by then recognized as one of the senior most builders in the State of Andhra Pradesh in India. He had long behind him by then the credit of having constructed Divyashakti Apartments at Ameerpet, Hyderabad, and a unique feat of encompassing about 400 Apartments in a single compound with the additional attraction of a big commercial complex in the front. The project initially conceived as a probable ready access to availability of flooring, material started growing beyond all expectation, went public in the stock market and grew in no time into a major player in the business of export of processed granite slabs to countries in South East Asia, Europe and America. Thus the child is now a fully grown up, dynamic and virile adult but still under the guidance of the experienced old hands.
The Company which started with a public equity of about Rs.10 Crores has now a total “Capital Employed†to the extent of Rs.23 Crores, the whole excess of Rs.13 Crores coming out of “Reserves†generated by the operations of the company, correspondingly balanced by a healthy combination of Fixed Assets and Net Current Assets.
With an installed capacity of about 3,75,000 sq mts of granite slabs per annum, the company has state-of-the art machinery from M/s. BRA Officine Meccaniche spa, Italy; Gaspari Menotti spa, Italy; Breton spa, Italy; Simec spa, Italy; Bideseimpianti srl, Italy; and Socomac srl, Italy, to ensure quality granite cut, shaped and polished to perfection.
Product range of the company includes:
Granites:Desert Rose
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
