BSE: 540072 | NSE: | Ceramics/Marble/Granite/Sanitaryware | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Shiva Granito Export Ltd is a below average quality company.
The key valuation ratios of Shiva Granito Export 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 Shiva Granito Export 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.
| Dec'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | -1.4% | -1.3% | 7% | 5.4% | 5.3% | 5.7% | 3.7% | 2.8% | -47.8% | 9.5% | - |
| Value Creation Index ⓘ | -1.1 | -1.1 | -0.5 | -0.6 | -0.6 | -0.6 | -0.7 | -0.8 | -4.4 | -0.3 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 15.3 | 20.4 | 19.1 | 21.3 | 15.5 | 14.5 | 6.4 | 9 | 4.9 | 5.4 | 5 |
| Sales YoY Gr. | - | 33.3% | -6.3% | 11.8% | -27.6% | -6.3% | -56% | 41.4% | -46.2% | 12.2% | - |
| Adj EPS ⓘ | -5 | -2.8 | 1.2 | 0.3 | 0.2 | -0.2 | -0 | 0.1 | -1.8 | 0.6 | 0.6 |
| YoY Gr. | - | NA | NA | -78.2% | -19.2% | -200% | NA | NA | -2300% | NA | - |
| BVPS (₹) ⓘ | 0.8 | 31.6 | 9.9 | 10.3 | 10.7 | 10.6 | 10.7 | 10.8 | 5 | 11.4 | 11.4 |
| Adj Net Profit ⓘ | -1 | -2.5 | 1.6 | 0.3 | 0.3 | -0.3 | 0 | 0.1 | -2.3 | 0.7 | 1 |
| Cash Flow from Ops. ⓘ | 4.5 | -32.3 | -2.3 | -0.5 | 1.8 | -0.3 | 2.4 | 0.9 | -6.3 | 7.3 | - |
| Debt/CF from Ops. ⓘ | 5.1 | -1.1 | -3.8 | -21 | 4.3 | -25.9 | 2.3 | 5.6 | -0.7 | 0.7 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -10.8% | -18.9% | -5.1% | 12.2% | ||||
| Adj EPS ⓘ | NA | 21.7% | NA | NA | ||||
| BVPSⓘ | 33.9% | 1.3% | 2.1% | 126.5% | ||||
| Share Price | - | 43% | 124.8% | 95.4% | ||||
Performance Ratio Colour Code Guide ⓘ
| Dec'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -16.4 | -17.3 | 14.9 | 2.4 | 2 | -2 | -0.3 | 0.8 | -22.2 | 6.9 | 5.5 |
| Op. Profit Mgn % ⓘ | 9.2 | 4.4 | 14.7 | 11.6 | 14.1 | 9.5 | 23.3 | 13.3 | 18.7 | 7.1 | 20.7 |
| Net Profit Mgn % ⓘ | -6.6 | -12.5 | 8.2 | 1.6 | 1.8 | -1.9 | -0.7 | 1.2 | -47.9 | 13.7 | 15.3 |
| Debt to Equity ⓘ | 138.4 | 1.3 | 0.7 | 0.7 | 0.5 | 0.5 | 0.4 | 0.4 | 0.6 | 0.4 | 0.4 |
| Working Cap Days ⓘ | 288 | 551 | 203 | 282 | 457 | 503 | 1,064 | 739 | 1,058 | 941 | 121 |
| Cash Conv. Cycle ⓘ | 182 | 348 | 124 | 204 | 357 | 409 | 637 | 240 | 475 | 419 | 67 |
Return on Equity has increased versus last 3 years average to 5.50%
Sales growth has been subdued in last 3 years -5.12%
Net Profit has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at -4.33%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 0.6 | - |
| TTM Sales (₹ Cr.) | 5.4 | - |
| BVPS (₹.) ⓘ | 11.4 | - |
| Reserves (₹ Cr.) ⓘ | 2 | - |
| P/BV ⓘ | 1.79 | - |
| PE ⓘ | 32.29 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 8.44 / 23.00 |
| All Time Low / High (₹) | 1.66 / 30.85 |
| Market Cap (₹ Cr.) | 26.9 |
| Equity (₹ Cr.) | 13.2 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 41.4 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Dec'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 11.45 | 5.09 | 19.08 | 21.34 | 15.46 | 14.48 | 6.37 | 9.01 | 4.85 | 5.44 |
| Operating Expenses ⓘ | 10.44 | 4.86 | 16.27 | 18.88 | 13.29 | 13.11 | 4.89 | 7.81 | 3.94 | 5.05 |
| Manufacturing Costs | 0.90 | 0.31 | 1.09 | 1.45 | 1.79 | 0.89 | 0.76 | 0.86 | 0.84 | 0.17 |
| Material Costs | 8.88 | 4.21 | 13.39 | 15.49 | 8.71 | 10.27 | 2.37 | 4.17 | 1.97 | 4.30 |
| Employee Cost | 0.33 | 0.17 | 0.98 | 1.09 | 1.13 | 1.01 | 1.15 | 2.04 | 0.79 | 0.17 |
| Other Costs ⓘ | 0.33 | 0.17 | 0.81 | 0.84 | 1.65 | 0.94 | 0.61 | 0.73 | 0.34 | 0.40 |
| Operating Profit ⓘ | 1.02 | 0.22 | 2.80 | 2.47 | 2.17 | 1.37 | 1.49 | 1.20 | 0.91 | 0.39 |
| Operating Profit Margin (%) | 8.9% | 4.4% | 14.7% | 11.6% | 14.0% | 9.5% | 23.3% | 13.3% | 18.7% | 7.1% |
| Other Income ⓘ | 0.05 | 0.02 | 0.07 | 0.07 | 0.12 | 0.49 | 0.09 | 0.04 | 0.03 | 1.27 |
| Interest ⓘ | 0.82 | 0.34 | 1.02 | 0.58 | 0.73 | 1.07 | 0.61 | 0.35 | 0.32 | 0.31 |
| Depreciation ⓘ | 1.33 | 0.46 | 1.55 | 1.31 | 1.09 | 0.62 | 0.81 | 0.71 | 0.56 | 0.18 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -7.56 | 0 |
| Profit Before Tax ⓘ | -1.08 | -0.55 | 0.31 | 0.64 | 0.47 | 0.16 | 0.16 | 0.19 | -7.51 | 1.17 |
| Tax ⓘ | -0.31 | 0.08 | -1.26 | 0.31 | 0.19 | 0.32 | 0.16 | 0.08 | 0.10 | 0.34 |
| Profit After Tax | -0.77 | -0.63 | 1.57 | 0.34 | 0.28 | -0.16 | 0 | 0.11 | -7.61 | 0.83 |
| PAT Margin (%) | -6.8% | -12.5% | 8.2% | 1.6% | 1.8% | -1.1% | 0.0% | 1.2% | -157.0% | 15.3% |
| Adjusted EPS (₹) | -3.8 | -0.7 | 1.2 | 0.3 | 0.2 | -0.1 | 0.0 | 0.1 | -5.8 | 0.6 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 118% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Dec'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 0.12 | 7.22 | 13.86 | 14.19 | 14.47 | 14.14 | 14.13 | 14.24 | 6.63 | 15.02 |
| Share Capital ⓘ | 2.02 | 9.02 | 13.22 | 13.22 | 13.22 | 13.22 | 13.22 | 13.22 | 13.22 | 13.22 |
| Reserves ⓘ | -1.89 | -1.79 | 0.64 | 0.98 | 1.26 | 0.92 | 0.92 | 1.02 | -6.59 | 1.81 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 16.28 | 8.93 | 8.71 | 9.73 | 7.48 | 7.44 | 5.48 | 5.05 | 4.13 | 5.36 |
| Long Term Debt | 13.77 | 6.53 | 6.04 | 6.44 | 3.68 | 3.18 | 1.02 | 0 | 1.02 | 1.61 |
| Short Term Debt | 2.51 | 2.40 | 2.68 | 3.28 | 3.81 | 4.26 | 4.45 | 5.05 | 3.11 | 3.75 |
| Trade Payables | 1.87 | 1.36 | 2.91 | 1.76 | 3.86 | 1.82 | 0.34 | 2.24 | 2.14 | 1.17 |
| Others Liabilities ⓘ | 0.60 | 0.60 | -0.45 | 0.77 | 1.66 | 1.95 | 3.31 | 1.74 | 1.63 | 1.60 |
| Total Liabilities ⓘ | 18.87 | 18.11 | 25.02 | 26.44 | 27.48 | 25.34 | 23.26 | 23.26 | 14.53 | 23.16 |
Fixed Assets | ||||||||||
| Gross Block | 13.96 | 13.50 | 13.66 | 13.68 | 13.71 | 13.78 | 14.09 | 14.09 | 14.98 | 14.09 |
| Accumulated Depreciation | 3.44 | 3.38 | 4.90 | 6.21 | 7.30 | 7.93 | 8.74 | 9.45 | 10 | 9.67 |
| Net Fixed Assetsⓘ | 10.53 | 10.12 | 8.75 | 7.46 | 6.41 | 5.85 | 5.36 | 4.65 | 4.97 | 4.42 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 0 | 0.19 | 0.21 | 0.23 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventories | 4.33 | 2.24 | 4.17 | 3.84 | 2.60 | 3.81 | 2.95 | 3.72 | 7.10 | 7.29 |
| Trade Receivables | 2.38 | 4.32 | 8.15 | 13.21 | 17.17 | 14.60 | 3.82 | 4.40 | 0.32 | 1.32 |
| Cash Equivalents | 0 | 0.01 | 0.03 | 0.04 | 0.09 | 0.02 | 0.02 | 0 | 0.06 | 0.22 |
| Others Assetsⓘ | 1.62 | 1.22 | 3.71 | 1.66 | 1.20 | 1.05 | 11.12 | 10.49 | 2.08 | 9.91 |
| Total Assets ⓘ | 18.87 | 18.11 | 25.02 | 26.44 | 27.48 | 25.34 | 23.26 | 23.26 | 14.53 | 23.16 |
| PARTICULARS | Dec'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 3.38 | -8.07 | -2.28 | -0.46 | 1.75 | -0.29 | 2.38 | 0.90 | -6.32 | 7.34 |
| PBT ⓘ | -1.08 | -0.55 | 0.31 | 0.64 | 0.47 | 0.16 | 0.16 | 0.19 | -7.51 | 1.17 |
| Adjustment ⓘ | 2.15 | -2.13 | 3.35 | 1.84 | 1.77 | 1.32 | 1.33 | 1.03 | 0.86 | 8.04 |
| Changes in Working Capital ⓘ | 2.32 | -5.38 | -5.95 | -2.91 | -0.37 | -1.68 | 0.92 | -0.29 | 0.36 | -1.86 |
| Tax Paid ⓘ | 0 | 0 | 0 | -0.03 | -0.12 | -0.09 | -0.02 | -0.02 | -0.03 | -0.01 |
| Cash Flow From Investing Activity ⓘ | -0.14 | -14.21 | -0.66 | 0.04 | 1.11 | 1.34 | 0.25 | -0.19 | 7.62 | -8.10 |
| Capex | 0 | -13.50 | -0.15 | -0.02 | -0.04 | -0.07 | -0.32 | 0 | -0.88 | 0.38 |
| Net Investments | 0 | -0.19 | -0.02 | -0.02 | -0.02 | -0.02 | -0.03 | -0.02 | 0.31 | 0 |
| Others ⓘ | -0.14 | -0.51 | -0.49 | 0.07 | 1.17 | 1.42 | 0.59 | -0.17 | 8.19 | -8.48 |
| Cash Flow From Financing Activityⓘ | -3.25 | 17.60 | 2.97 | 0.43 | -2.81 | -1.12 | -2.63 | -0.78 | -1.23 | 0.92 |
| Net Proceeds from Shares ⓘ | 0 | 9.02 | 4.20 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 6.53 | -0.50 | 0.41 | -1.32 | -0.49 | -2.16 | -1.02 | 1.02 | 0.59 |
| Interest Paid ⓘ | 0 | -0.34 | -1.02 | -0.58 | -0.73 | -1.07 | -0.61 | -0.35 | -0.32 | -0.31 |
| Dividend Paid ⓘ | -3.25 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 2.40 | 0.28 | 0.61 | -0.76 | 0.45 | 0.13 | 0.59 | -1.93 | 0.64 |
| Net Cash Flow ⓘ | 0 | -4.67 | 0.02 | 0.01 | 0.05 | -0.07 | 0 | -0.08 | 0.06 | 0.16 |
| PARTICULARS | Dec'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -16.84 | -17.53 | 15.5 | 2.52 | 2.02 | -1.15 | -0.01 | 0.74 | -72.96 | 7.68 |
| ROCE (%) | -1.42 | -1.29 | 7.01 | 5.43 | 5.33 | 5.74 | 3.73 | 2.75 | -47.83 | 9.48 |
| Asset Turnover Ratio | 0.58 | 0.29 | 0.96 | 0.84 | 0.57 | 0.55 | 0.26 | 0.39 | 0.26 | 0.29 |
| PAT to CFO Conversion(x) | N/A | N/A | -1.45 | -1.35 | 6.25 | N/A | N/A | 8.18 | N/A | 8.84 | Working Capital Days |
| Receivable Days | 130 | 231 | 110 | 180 | 359 | 401 | 528 | 167 | 178 | 55 |
| Inventory Days | 116 | 226 | 57 | 68 | 76 | 81 | 194 | 135 | 407 | 483 |
| Payable Days | 84 | 140 | 58 | 55 | 118 | 101 | 166 | 113 | 405 | 140 |
The is originally formed and registered as a partnership firm under the Partnership Act, 1932 in the name and style of ‘Shiva Export Co’ pursuant to a deed of partnership dated July 16, 2007. The constitution and capital of the partnership firm were changed several times pursuant to supplementary agreement modifying the partnership deeds dated October 11, 2008, April 1, 2015 and November 3, 2015. M/s Shiva Export Co. was thereafter converted from a partnership firm to a public limited company under Part I chapter XXI of the Companies Act, 2013 with the name of Shiva Granito Export Limitedand received a fresh certificate of incorporation from the Registrar of Companies, Jaipur, Rajasthan on December 31, 2015. The registered office of the company is situated at 8, Bhatt Ji Ki Baari, Udaipur in Rajasthan.
Spread over 4.1 bighas, the company’s manufacturing facility located at Vana Village in Udaipur District, Rajasthan, the company‘s manufacturing unit is equipped with laboratory, enabling the company in-house to develop new colours, besides facilitating conducting of tests and analysis of various products. At present the company has manufacturing plant for engineered quartz stone slabs, different grade of resins, quartz powder and God & Goddess Statues/ Deities.
Business area of the company
The company started as partnership firm in the year 2007 as importer and exporter of all kind of decorative stones, minerals, chemicals. Later it decided to extend its operation by entering into manufacturing of the engineered quartz stone slabs, different grades of resins and quartz stone powder and manufacture & dealing of God & Goddess Statues/deities.
Key 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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