BSE: 538733 | NSE: | Metal - Non Ferrous | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Starlit Power Systems Ltd is a below average quality company.
The key valuation ratios of Starlit Power Systems Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Starlit Power Systems 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'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 13.6% | -10.7% | -15.5% | -12.8% | -9.3% | -10.2% | -11.2% | -17.3% | -3.3% | -5.2% | - |
| Value Creation Index ⓘ | 0.0 | -1.8 | -2.1 | -1.9 | NA | NA | NA | NA | NA | NA | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 42.6 | 31 | 23.5 | 7 | 7.2 | 12.8 | 11.5 | 17.8 | 8.5 | 0.6 | 0 |
| Sales YoY Gr. | - | -27.1% | -24.3% | -70.4% | 4% | 77.2% | -10.2% | 54.4% | -52.1% | -93.4% | - |
| Adj EPS ⓘ | 0.1 | -5.2 | -4.4 | -3.8 | -5.7 | -4 | -1.7 | -4.8 | -2.3 | -13.5 | -3.7 |
| YoY Gr. | - | -8833.3% | NA | NA | NA | NA | NA | NA | NA | NA | - |
| BVPS (₹) ⓘ | 14.2 | 8.1 | 7.2 | 3.7 | -2.4 | -6.1 | -7.8 | -12.6 | -14.9 | -28.4 | 940.4 |
| Adj Net Profit ⓘ | 0 | -4 | -4.5 | -3.9 | -5.8 | -4 | -1.7 | -4.8 | -2.3 | -13.6 | -4 |
| Cash Flow from Ops. ⓘ | -3.3 | 0 | 0.1 | 2.2 | -3.8 | 1.1 | -0.9 | -3.4 | 1.2 | 0.3 | - |
| Debt/CF from Ops. ⓘ | -4.3 | 0 | 471.8 | 11.3 | -8.2 | 30.5 | -40.7 | -11.8 | 34.4 | 162.5 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -38.2% | -40.1% | -63.5% | -93.4% | ||||
| Adj EPS ⓘ | -282.6% | NA | NA | NA | ||||
| BVPSⓘ | -208% | NA | NA | NA | ||||
| Share Price | -14.1% | -24% | -41.8% | -34.9% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 0.6 | -56.5 | -66.3 | -66.7 | -603.6 | 93.8 | 24.3 | 46.8 | 16.9 | 62.4 | -0.8 |
| Op. Profit Mgn % ⓘ | 6.1 | -6.4 | -15.3 | -40.1 | -23.2 | -23.5 | -17.3 | -22.2 | -3.4 | -80.8 | -81.6 |
| Net Profit Mgn % ⓘ | 0.1 | -12.9 | -18.9 | -55.6 | -79.9 | -31.5 | -14.8 | -27 | -27.4 | -2430.6 | -1000.6 |
| Debt to Equity ⓘ | 1.8 | 3.4 | 3.2 | 6.8 | -12.6 | -5.2 | -4.4 | -3.2 | -2.7 | -1.5 | 0 |
| Working Cap Days ⓘ | 100 | 186 | 183 | 560 | 466 | 283 | 313 | 191 | 351 | 4,233 | 839 |
| Cash Conv. Cycle ⓘ | 38 | 78 | 62 | 161 | 166 | 113 | 122 | 33 | 81 | 2,478 | 110 |
No data to display
Return on Equity is Poor
Sales growth has been subdued in last 3 years -63.48%
Sales growth is not so good in last 4 quarters at -50.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -3.7 | -3.7 |
| TTM Sales (₹ Cr.) | 0.4 | 10.5 |
| BVPS (₹.) ⓘ | 940.4 | 0 |
| Reserves (₹ Cr.) ⓘ | -44 | 936 |
| P/BV ⓘ | 0.00 | 0.00 |
| PE ⓘ | 0.00 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 2.05 / 6.79 |
| All Time Low / High (₹) | 2.05 / 25.70 |
| Market Cap (₹ Cr.) | 3 |
| Equity (₹ Cr.) | 10.1 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 17.5 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 42.56 | 31.03 | 23.50 | 6.95 | 7.23 | 12.81 | 11.50 | 17.75 | 8.51 | 0.56 |
| Operating Expenses ⓘ | 39.97 | 33.03 | 27.09 | 9.73 | 9.91 | 15.82 | 13.49 | 21.68 | 8.80 | 1.01 |
| Manufacturing Costs | 0.82 | 0 | 1.10 | 0.81 | 1.03 | 0.79 | 1.55 | 1.82 | 0.66 | 0 |
| Material Costs | 37.36 | 29.18 | 23.44 | 7.31 | 6.07 | 12.62 | 9.64 | 17.66 | 7.38 | 0.71 |
| Employee Cost | 0.64 | 1.09 | 0.81 | 0.47 | 0.77 | 0.94 | 1.37 | 1.13 | 0.27 | 0.11 |
| Other Costs ⓘ | 1.15 | 2.76 | 1.73 | 1.14 | 2.04 | 1.47 | 0.94 | 1.07 | 0.49 | 0.19 |
| Operating Profit ⓘ | 2.59 | -1.99 | -3.59 | -2.78 | -2.68 | -3.01 | -1.99 | -3.93 | -0.29 | -0.45 |
| Operating Profit Margin (%) | 6.1% | -6.4% | -15.3% | -40.1% | -37.1% | -23.5% | -17.3% | -22.2% | -3.4% | -80.8% |
| Other Income ⓘ | 0.06 | 0.02 | 0.26 | 0.05 | 1.04 | 1.23 | 0.05 | 0.27 | 0.40 | 0.41 |
| Interest ⓘ | 1.98 | 2.08 | 2.94 | 2.47 | 1.81 | 2.35 | 1.37 | 1.82 | 2.16 | 2.21 |
| Depreciation ⓘ | 0.44 | 0.66 | 1.13 | 1.04 | 1 | 1 | 0.98 | 0.99 | 0.99 | 0.99 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0.23 | -4.71 | -7.40 | -6.25 | -4.46 | -5.12 | -4.29 | -6.48 | -3.05 | -3.24 |
| Tax ⓘ | 0.19 | -0.71 | -2.95 | -2.38 | 2.02 | -1.08 | -2.59 | -1.68 | -0.71 | 10.36 |
| Profit After Tax | 0.04 | -4.01 | -4.45 | -3.86 | -6.48 | -4.03 | -1.70 | -4.80 | -2.33 | -13.60 |
| PAT Margin (%) | 0.1% | -12.9% | -18.9% | -55.6% | -89.6% | -31.5% | -14.8% | -27.0% | -27.4% | -2,430.6% |
| Adjusted EPS (₹) | 0.1 | -5.2 | -4.4 | -3.8 | -6.4 | -4.0 | -1.7 | -4.8 | -2.3 | -13.5 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 7.96 | 6.21 | 7.22 | 4.37 | -2.45 | -6.15 | -7.85 | -12.65 | -14.98 | -28.62 |
| Share Capital ⓘ | 4.48 | 6.12 | 8.05 | 10.06 | 10.06 | 10.06 | 10.06 | 10.06 | 10.06 | 10.06 |
| Reserves ⓘ | 3.49 | 0.09 | -0.83 | -5.70 | -12.52 | -16.21 | -17.91 | -22.71 | -25.04 | -38.68 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 13.96 | 21.22 | 22.97 | 25.05 | 30.87 | 31.84 | 34.47 | 39.90 | 40.91 | 42.67 |
| Long Term Debt | 6.92 | 10.61 | 9.96 | 9.72 | 28.92 | 29.83 | 32.45 | 37.93 | 38.99 | 40.98 |
| Short Term Debt | 7.04 | 10.61 | 13.01 | 15.33 | 1.95 | 2.02 | 2.02 | 1.97 | 1.92 | 1.68 |
| Trade Payables | 5.28 | 4.97 | 7.02 | 7.27 | 4.58 | 7.57 | 7.55 | 6.70 | 5.51 | 6.01 |
| Others Liabilities ⓘ | 2.49 | 0.68 | -2.88 | -5.16 | -3.15 | -3.99 | -6.76 | -7.61 | -7.99 | 0.78 |
| Total Liabilities ⓘ | 29.69 | 33.08 | 34.33 | 31.52 | 29.85 | 29.28 | 27.41 | 26.34 | 23.45 | 20.84 |
Fixed Assets | ||||||||||
| Gross Block | 7.97 | 20.46 | 19.41 | 19.42 | 17.35 | 17.41 | 17.55 | 17.67 | 17.68 | 17.59 |
| Accumulated Depreciation | 1.06 | 1.72 | 2.19 | 3.19 | 3.24 | 4.24 | 5.22 | 6.21 | 7.21 | 8.11 |
| Net Fixed Assetsⓘ | 6.91 | 18.74 | 17.22 | 16.24 | 14.10 | 13.17 | 12.33 | 11.46 | 10.47 | 9.48 |
| CWIP ⓘ | 4.83 | 0 | 4.52 | 5.59 | 5.59 | 5.59 | 5.59 | 5.59 | 5.59 | 5.59 |
| Investmentsⓘ | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0 | 0 | 0 | 0 |
| Inventories | 3.87 | 8.67 | 5.53 | 2.34 | 3.73 | 3.88 | 5.34 | 2.07 | 0.96 | 0.29 |
| Trade Receivables | 7.79 | 2.37 | 4.74 | 4.43 | 5.22 | 5.16 | 3.18 | 6.44 | 5.23 | 4.74 |
| Cash Equivalents | 0.03 | 0.39 | 0.07 | 0.04 | 0.49 | 0.14 | 0.03 | 0.15 | 0.18 | 0 |
| Others Assetsⓘ | 6.16 | 2.81 | 2.16 | 2.77 | 0.62 | 1.23 | 0.94 | 0.63 | 1.02 | 0.74 |
| Total Assets ⓘ | 29.69 | 33.08 | 34.33 | 31.52 | 29.85 | 29.28 | 27.41 | 26.34 | 23.45 | 20.84 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -3.25 | 0 | 0.05 | 2.23 | -3.75 | 1.05 | -0.85 | -3.38 | 1.19 | 0.26 |
| PBT ⓘ | 0.23 | 0 | -7.40 | -6.25 | -4.46 | -5.12 | -4.29 | -6.48 | -3.05 | -3.24 |
| Adjustment ⓘ | 1.56 | 0 | 4.36 | 4.65 | 4.14 | 3.63 | 2.35 | 2.81 | 3.16 | 3.15 |
| Changes in Working Capital ⓘ | -5.04 | 0 | 3.09 | 3.82 | -3.43 | 2.53 | 1.1 | 0.29 | 1.08 | 0.35 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | -7.09 | 0 | -4.44 | -1.87 | 0.17 | -0.07 | -0.52 | -0.12 | -0.01 | 0.01 |
| Capex | -6.99 | 0 | -4.28 | -1.96 | 0.14 | -0.07 | -0.14 | -0.12 | -0.01 | 0.01 |
| Net Investments | -0.10 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | -0.17 | 0.09 | 0.04 | 0 | -0.38 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 10.34 | 0 | 4.07 | -0.38 | 4.02 | -1.32 | 1.25 | 3.62 | -1.15 | -0.45 |
| Net Proceeds from Shares ⓘ | 4.11 | 0 | 5.12 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 2.83 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.99 |
| Interest Paid ⓘ | -1.12 | 0 | -2.80 | -2.45 | -1.81 | -2.29 | -1.37 | -1.82 | -2.16 | -2.21 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 4.52 | 0 | 1.74 | 2.07 | 5.83 | 0.97 | 2.62 | 5.44 | 1.01 | -0.23 |
| Net Cash Flow ⓘ | 0 | 0 | -0.32 | -0.02 | 0.45 | -0.34 | -0.11 | 0.12 | 0.03 | -0.18 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 0.6 | -56.53 | -66.29 | -70.83 | N/A | N/A | N/A | N/A | N/A | N/A |
| ROCE (%) | 13.63 | -10.69 | -15.48 | -12.82 | N/A | N/A | N/A | N/A | N/A | N/A |
| Asset Turnover Ratio | 2.16 | 0.99 | 0.78 | 0.21 | 0.24 | 0.43 | 0.41 | 0.66 | 0.34 | 0.03 |
| PAT to CFO Conversion(x) | -81.25 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | Working Capital Days |
| Receivable Days | 45 | 60 | 50 | 241 | 244 | 148 | 132 | 99 | 250 | 3,252 |
| Inventory Days | 25 | 74 | 99 | 207 | 153 | 108 | 146 | 76 | 65 | 408 |
| Payable Days | 33 | 64 | 93 | 357 | 356 | 176 | 286 | 147 | 302 | 2,955 |
Starlit Power Systems is a group company of the diversified Starlit Group. The company was incorporated in the year 2008 with its focus Lead and based products. It is engaged in Smelting of Battery & Lead Scrap, manufacture, supply and export of pure lead, different Lead Alloys like Calcium Aluminum alloy Antimonial Alloy and Selenium Alloy, Lead Oxides like Lead Sub Oxide and Red Lead. It has the smelting capacity of 15000 MT per annum and refining/alloying capacity of over 12000 MT per annum with technical capacity to convert assorted heterogeneous lead scrap into pure lead of upto 99.98% purity. Committing to quality & environment protection, the company works on streamlined processes and principles. The company uses producer gas as a fuel for all smelting and refining operations. The producer gas is generated captive biomass gassifier plant thereby considerably reducing dependence on Hydro-carbons like furnace oil and diesel. The biomass gassifier technology is Developed by TERI and approved by Ministry of New & Renewable Energy, Government of India.
The company’s plant has been selected as successful demonstration manufacturing plant by United Nations Environment Program (UNEP), Japan for efficient energy operation. The company is an ISO 9001:2008 & ISO 14001:2004 certified company and all the systems & procedures are documented as per certification requirements. Stringent quality measures & processes are implemented at each stage right from the procurement of raw material till the final dispatch of finished products.
Recently, the company has commissioned its battery project with the capacity to produce 10,000 batteries for automotive and inverter applications. Lead being an essential input in battery manufacturing and comprising over two-third of the battery cost, for this forward integration of converting the company produced lead into batteries was a logical step forward for the company. The project was being built for the last two and half years and commercial production was finally commissioned in July, 2014.
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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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