Past 10 year’s financial track record analysis by Moneyworks4me indicates that Standard Batteries Ltd is a below average quality company.
The key valuation ratios of Standard Batteries 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 Standard Batteries 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 % ⓘ | 9.4% | 2.7% | 3.1% | 2.4% | 23.5% | -8.2% | -7.5% | -11.7% | -159.2% | -7.5% | - |
| Value Creation Index ⓘ | -0.3 | -0.8 | -0.8 | -0.8 | 0.7 | -1.6 | -1.5 | -1.8 | -12.4 | -1.5 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 0.7 | 0.2 | 0.2 | 0.2 | 0.5 | 0.4 | 0 | 0 | 0 | 0 | 0 |
| Sales YoY Gr. | - | -74.2% | 41.2% | -25% | 172.2% | -20.4% | -100% | NA | NA | NA | - |
| Adj EPS ⓘ | -0.1 | 0.1 | -0.1 | -0.5 | 1.8 | 2.1 | -0.7 | -1.1 | -10.4 | -0.2 | 2.5 |
| YoY Gr. | - | NA | -225% | NA | NA | 18.2% | -133.7% | NA | NA | NA | - |
| BVPS (₹) ⓘ | 10 | 9.8 | 9.7 | 9.6 | 11.8 | 13.9 | 13.2 | 11.7 | 1.3 | 1.2 | 3.4 |
| Adj Net Profit ⓘ | 0 | 0 | -0.1 | -0.3 | 0.9 | 1.1 | -0.4 | -0.5 | -5.4 | -0.1 | 1 |
| Cash Flow from Ops. ⓘ | -0.8 | -0.2 | -0.7 | -0.2 | -1 | -0.5 | -0.6 | -0.9 | 0 | -0.2 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -100% | -100% | NA | NA | ||||
| Adj EPS ⓘ | NA | -165.4% | NA | NA | ||||
| BVPSⓘ | -20.8% | -36.4% | -54.6% | -7.5% | ||||
| Share Price | 24.6% | 89.9% | 46.8% | 90.7% | ||||
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 % ⓘ | -0.9 | 0.8 | -1 | -5.4 | 16.4 | 16.2 | -5.2 | -8.4 | -159.3 | -16 | 107.6 |
| Op. Profit Mgn % ⓘ | -80.6 | -357.8 | -223.4 | -500.3 | -159.5 | -178.3 | 0 | 0 | 0 | 0 | NAN |
| Net Profit Mgn % ⓘ | -6.5 | 23.8 | -21.2 | -150.6 | 186.5 | 277.5 | 0 | 0 | 0 | 0 | INF |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 3,573 | 13,719 | 8,211 | 12,894 | 4,734 | 6,320 | 0 | 0 | 0 | 0 | 0 |
| Cash Conv. Cycle ⓘ | 204 | 985 | 522 | 624 | 279 | 493 | 0 | 0 | 0 | 0 | 0 |
Return on Equity has increased versus last 3 years average to 107.60%
Sales growth has been subdued in last 3 years 0.00%
Net Profit has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 2.5 | - |
| TTM Sales (₹ Cr.) | 0 | - |
| BVPS (₹.) ⓘ | 3.4 | - |
| Reserves (₹ Cr.) ⓘ | 1 | - |
| P/BV ⓘ | 22.06 | - |
| PE ⓘ | 29.97 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 39.05 / 150.45 |
| All Time Low / High (₹) | 1.30 / 660.00 |
| Market Cap (₹ Cr.) | 38.5 |
| Equity (₹ Cr.) | 0.5 |
| Face Value (₹) | 1 |
| Industry PE ⓘ | 63.7 |
| Pledged * | 84.27 | 84.27 | 84.27 | 84.27 | 84.27 | 84.27 | 84.27 | 84.27 | 84.27 | 84.27 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.66 | 0.17 | 0.24 | 0.18 | 0.49 | 0.39 | 0 | 0 | 0 | 0 |
| Operating Expenses ⓘ | 1.20 | 0.77 | 0.79 | 1.07 | 1.27 | 1.08 | 0.64 | 0.54 | 5.42 | 0.57 |
| Manufacturing Costs | 0.03 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 |
| Material Costs | 0.59 | 0.15 | 0.23 | 0.17 | 0.46 | 0.37 | 0 | 0 | 0 | 0 |
| Employee Cost | 0.03 | 0.04 | 0.15 | 0.51 | 0.31 | 0.36 | 0.37 | 0.27 | 0.27 | 0.27 |
| Other Costs ⓘ | 0.55 | 0.56 | 0.39 | 0.38 | 0.48 | 0.34 | 0.26 | 0.26 | 5.13 | 0.29 |
| Operating Profit ⓘ | -0.53 | -0.60 | -0.54 | -0.89 | -0.78 | -0.69 | -0.64 | -0.54 | -5.42 | -0.57 |
| Operating Profit Margin (%) | -80.6% | -357.0% | -223.0% | -500.0% | -159.0% | -178.0% | - | - | - | - |
| Other Income ⓘ | 1.02 | 0.69 | 0.71 | 0.72 | 1.78 | 0.15 | 0.12 | 0.09 | 0.05 | 0.52 |
| Interest ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation ⓘ | 0.01 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Items ⓘ | 0 | 0.05 | 0 | 0.30 | 0.30 | 0 | 0 | -0.30 | 0 | 0 |
| Profit Before Tax ⓘ | 0.47 | 0.14 | 0.16 | 0.12 | 1.30 | -0.54 | -0.53 | -0.75 | -5.37 | -0.05 |
| Tax ⓘ | 0.30 | 0.21 | 0.21 | 0.18 | 0.18 | -1.62 | -0.16 | 0 | 0 | 0 |
| Profit After Tax | 0.17 | -0.07 | -0.05 | -0.06 | 1.12 | 1.08 | -0.36 | -0.75 | -5.37 | -0.05 |
| PAT Margin (%) | 25.5% | -42.0% | -21.2% | -32.9% | 229.5% | 277.5% | - | - | - | - |
| Adjusted EPS (₹) | 0.3 | -0.1 | -0.1 | -0.1 | 2.2 | 2.1 | -0.7 | -1.5 | -10.4 | -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 | 5.16 | 5.09 | 5.04 | 4.98 | 6.10 | 7.18 | 6.81 | 6.06 | 0.69 | 0.64 |
| Share Capital ⓘ | 0.52 | 0.52 | 0.52 | 0.52 | 0.52 | 0.52 | 0.52 | 0.52 | 0.52 | 0.52 |
| Reserves ⓘ | 4.64 | 4.57 | 4.52 | 4.46 | 5.58 | 6.66 | 6.30 | 5.54 | 0.17 | 0.12 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Payables | 0 | 0 | 0 | 0 | 0.06 | 0.10 | 0 | 0.02 | 0.03 | 0.01 |
| Others Liabilities ⓘ | 2.75 | 2.98 | 4.89 | 5.32 | 2.38 | 2.63 | 2.41 | 2.41 | 2.44 | 2.42 |
| Total Liabilities ⓘ | 7.91 | 8.07 | 9.93 | 10.30 | 8.54 | 9.90 | 9.22 | 8.49 | 3.15 | 3.07 |
Fixed Assets | ||||||||||
| Gross Block | 0.09 | 0.09 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0 | 0 | 0 |
| Accumulated Depreciation | 0.07 | 0.08 | 0 | 0.01 | 0.01 | 0.01 | 0.01 | 0 | 0 | 0 |
| Net Fixed Assetsⓘ | 0.02 | 0.01 | 0.01 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 0.30 | 0.16 | 0.16 | 0.46 | 0.76 | 0.76 | 0.46 | 0.46 | 0.46 | 0.46 |
| Inventories | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Receivables | 0.61 | 0.30 | 0.40 | 0.21 | 0.57 | 0.55 | 0.45 | 0.30 | 0 | 0 |
| Cash Equivalents | 0.24 | 2.66 | 4.04 | 2.95 | 1.99 | 1.50 | 1.17 | 0.48 | 0.53 | 0.28 |
| Others Assetsⓘ | 6.75 | 4.94 | 5.32 | 6.68 | 5.21 | 7.09 | 7.14 | 7.25 | 2.16 | 2.33 |
| Total Assets ⓘ | 7.91 | 8.07 | 9.93 | 10.30 | 8.54 | 9.90 | 9.22 | 8.49 | 3.15 | 3.07 |
| 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 ⓘ | -0.80 | -0.22 | -0.70 | -0.23 | -1.04 | -0.51 | -0.61 | -0.90 | 0 | -0.16 |
| PBT ⓘ | 0.47 | 0.14 | 0.16 | 0.12 | 1.30 | -0.54 | -0.53 | -0.75 | -5.37 | -0.05 |
| Adjustment ⓘ | -0.70 | -0.72 | -0.70 | -0.71 | -1.78 | -0.15 | -0.12 | -0.09 | 4.80 | -0.49 |
| Changes in Working Capital ⓘ | -0.5 | 0.43 | -0.16 | 0.43 | -0.56 | 0.12 | -0.03 | -0.06 | 0.57 | 0.09 |
| Tax Paid ⓘ | -0.07 | -0.07 | 0 | -0.07 | 0 | 0.06 | 0.06 | 0 | 0 | 0.29 |
| Cash Flow From Investing Activity ⓘ | 0.94 | 0.14 | 0.65 | 0.98 | 1.31 | 0.22 | 0.28 | 0.46 | 0.41 | -0.15 |
| Capex | 0 | 0 | 0 | 0.58 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Investments | 0 | 0.19 | 0 | -0.30 | 2.58 | 0.07 | 0.16 | 0.23 | 0.36 | -0.07 |
| Others ⓘ | 0.94 | -0.05 | 0.65 | 0.71 | -1.27 | 0.15 | 0.12 | 0.24 | 0.05 | -0.08 |
| Cash Flow From Financing Activityⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | 0.15 | -0.08 | -0.05 | 0.75 | 0.27 | -0.29 | -0.34 | -0.44 | 0.41 | -0.32 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 3.32 | -1.37 | -1.02 | -1.17 | 20.23 | 16.2 | -5.19 | -11.68 | -159.25 | -7.55 |
| ROCE (%) | 9.36 | 2.73 | 3.14 | 2.39 | 23.5 | -8.16 | -7.49 | -11.66 | -159.23 | -7.53 |
| Asset Turnover Ratio | 0.09 | 0.02 | 0.03 | 0.02 | 0.05 | 0.04 | 0 | 0 | 0 | 0 |
| PAT to CFO Conversion(x) | -4.71 | N/A | N/A | N/A | -0.93 | -0.47 | N/A | N/A | N/A | N/A | Working Capital Days |
| Receivable Days | 204 | 985 | 522 | 624 | 293 | 531 | 0 | 0 | 0 | 0 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable Days | 0 | 0 | 0 | 0 | 49 | 80 | 0 | 0 | 0 | 0 |
Standard Batteries was incorporated on June 20, 1945 at Mumbai. The company's object is to manufacture batteries and allied products and accessories.
Milestones:
1945 - The company was incorporated on June 20, at Mumbai. The company's object is to manufacture batteries and allied products and accessories.
1969- Oldham & Son (India) was amalgamated with the company with effect from April 1.
1983 - Exports came down to Rs.2.22 crore due to imbalance of trade between USSR and India. The company concluded a technical collaboration agreement with the Oldham Batteries, Denton, Manchester, UK to manufacture improved types of miners cap lamp batteries, metrhalarm and maintenance free stand-by range of batteries and their components. Collaborations were also on hand for updating the technology of industrial and submarine batteries.
1984 - Nackiketa Investments became a subsidiary of the company.
1986 - The company entered into a long-term wage settlement with the workers union at Mumbai, to be effective from February 1, 1988.
1987- A new contract was signed with Oldham Batteries Ltd for the supply of miners cap lamp. Implementation of the agreement with the Farukawa Battery Co Ltd, Japan, and with Oldhman SA, France for industrial batteries. The company signed a technical collaboration agreement with Hagen Batteries AG of West Germany for technical know-how on copper stretch material (CSM) batteries.
1989 - The company launched during December the second generation Standard Furukawa automotive batteries. The company also introduced upgraded capacity miners cap lamp, developed with technology from Oldham.
1990 - Sales turnover was lower at Rs.75.05 crore as compared to the previous year, mainly due to Gulf War and mid stream policy changes in value addition norms for rupee exports to Russia, the chief importer of batteries. Its Kanjur factory was being modernised to produce Type-I battery, designed by Hagen for new generation submarines of the Indian Navy. The proposed modernisation programme of the Vakola factory and Guindy, Chennai was kept in abeyance due to the proposed re-location of the Vakola factory at Taloja.
1991 - In the industrial batteries group, the company introduced state-of-the-art low maintenance longer life batteries for the stationary and traction applications. In the industrial batteries group, new products offering improved performance were introduced. The performance of mineric cap lamp batteries suffered due to low offtake from Coal India Ltd.
1992 - Turnover declined to Rs.84.48 crore mainly due to the lockout at the Vakola factory for about ten months. In spite of inflation, higher interest cost, recession in the automotive industry and lockout at Vakola factory with effect from April 21 to May 7 (which was lifted on January 27, 1993), sales turnover went up.
1998-99 - The business undertakings consisting of entire battery business of the company were sold to Exide Industries Ltd. with effect from February 16, 1998.
Subsidiary:
• Nackiketa Investments
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