IST

₹974.2 0 | 0%

WEBSITE BSE:508807 NSE : IST LTD. 18 May, 12:50

Market Cap ₹1136 Cr.

Stock P/E 9.5

P/B 0.9

Current Price ₹974.2

Book Value ₹ 1068.8

Face Value 5

52W High ₹1105.1

Dividend Yield 0%

52W Low ₹ 452.3

Edit Ratio

IST Research see more...

Overview Inc. Year: 1976Industry: Auto Ancillary

IST Ltd is a manufacturing organisation. The Company offers precision engineering additives/assemblies. The Company's products encompass automotive transmission parts, carburetor components for 2 wheeler, fuel injection element for four wheeler, high precision mechanical electro-mechanical timers, precision components and assemblies, communication gadget and workplace products, consumer durable and white items, oral care products, instrumentation and engineering goods, and dental and orthopaedic screws. The Company manufactures precision turned, milled, drilled additives and stampings for various industries, including automobile element enterprise, white goods industry, consumer goods enterprise, and dental and orthopaedic implants. The Company gives cutters, drillers and reamers, compression molding tools, sheet metal tooling of numerous types and jigs fixture, amongst others. The Company operates in India. Gurgaon Infospace Ltd is the subsidiary of the Company.

IST Share Price

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Peer Comparison

IST Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	35	28	34	28	31	25	37	29	24	28
Other Income	14	19	12	10	11	10	10	29	21	30
Total Income	49	46	46	38	42	35	47	58	45	58
Total Expenditure	11	9	20	17	5	7	18	6	5	8
Operating Profit	38	37	26	20	37	29	29	52	40	50
Interest	1	2	2	1	2	1	1	1	1	1
Depreciation	1	1	1	1	1	1	1	1	1	1
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	36	33	23	18	35	27	27	50	38	48
Provision for Tax	9	8	7	2	9	6	8	13	5	16
Profit After Tax	27	25	16	16	26	21	19	37	32	32
Adjustments	1	-0	0	0	0	0	0	0	0	0
Profit After Adjustments	28	25	16	16	26	21	19	37	32	32
Adjusted Earnings Per Share	23.8	21.5	13.4	14	22.2	17.6	16.1	31.6	27.5	27.6

IST Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	63	76	77	79	107	111	116	118	137	125	121	118
Other Income	5	7	9	24	24	28	35	34	41	58	41	90
Total Income	68	82	86	102	131	139	151	152	177	184	162	208
Total Expenditure	17	22	22	23	31	27	25	35	34	45	47	37
Operating Profit	51	61	65	80	100	113	126	117	143	139	116	171
Interest	0	0	0	0	3	2	3	4	6	5	4	4
Depreciation	2	2	3	3	4	4	4	5	5	5	5	4
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	49	59	62	77	93	107	119	108	133	128	107	163
Provision for Tax	3	3	3	7	8	7	21	28	37	32	25	42
Profit After Tax	46	56	59	70	85	100	98	80	96	97	82	120
Adjustments	0	0	-0	1	1	0	0	0	0	0	0	0
Profit After Adjustments	46	56	58	70	86	100	98	80	96	97	82	120
Adjusted Earnings Per Share	39.8	48.2	49.9	60.4	73.9	86.2	84.3	68.9	82.1	82.8	70.1	102.8

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-3%	1%	2%	7%
Operating Profit CAGR	-17%	-0%	1%	9%
PAT CAGR	-15%	1%	-4%	6%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	107%	38%	25%	23%
ROE Average	8%	10%	11%	15%
ROCE Average	10%	13%	14%	17%

IST Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	260	316	374	445	541	641	736	803	924	1033	1109
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	0	0	0	13	4	0	0	0	0	0	0
Other Non-Current Liabilities	31	35	36	40	-11	-26	-30	-18	-3	6	28
Total Current Liabilities	21	31	3	5	9	9	16	16	14	30	60
Total Liabilities	312	382	413	501	543	624	722	801	935	1069	1197
Fixed Assets	146	144	143	141	205	201	221	238	15	14	16
Other Non-Current Assets	88	147	239	320	308	390	448	516	865	937	1056
Total Current Assets	78	91	31	40	31	33	52	47	55	117	125
Total Assets	312	382	413	501	543	624	722	801	935	1069	1197

IST Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	39	7	4	3	4	6	6	1	3	2	16
Cash Flow from Operating Activities	11	16	37	68	72	75	79	78	75	37	114
Cash Flow from Investing Activities	-43	-18	-38	-80	-60	-71	-84	-75	-75	-30	-99
Cash Flow from Financing Activities	-0	0	-0	13	-10	-4	-0	-2	-1	8	-2
Net Cash Inflow / Outflow	-32	-2	-1	1	2	-1	-5	2	-1	15	13
Closing Cash & Cash Equivalent	7	4	3	4	6	6	1	3	2	16	30

IST Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	39.8	48.22	49.95	60.37	73.9	86.15	84.34	68.91	82.07	82.79	70.07
CEPS(Rs)	41.27	49.64	52.45	62.07	76.45	88.9	87.22	72.86	86.57	87.43	74.49
DPS(Rs)	0	0	0	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	222.74	270.96	320.86	381.23	462.92	549.94	631.4	688.6	791.81	885.22	951.13
Core EBITDA Margin(%)	70.24	69.33	69.62	69.26	68.84	75.58	78.06	70.08	75.3	64	61.52
EBIT Margin(%)	75.12	75.53	78.28	95.53	87.52	97.57	104.86	94.69	101.6	106.79	91.76
Pre Tax Margin(%)	75.06	75.5	78.25	95.12	85.06	95.75	102.09	91.36	97.25	102.46	88.55
PAT Margin (%)	71.07	71.84	74.06	86.48	77.96	89.61	84.28	67.58	70.12	77.11	67.5
Cash Profit Margin (%)	73.68	74.39	77.39	89.69	81.35	92.85	87.58	71.87	73.97	81.43	71.77
ROA(%)	16.21	16.12	14.73	15.27	16.36	17.14	14.55	10.5	11.03	9.64	7.21
ROE(%)	19.62	19.42	16.96	17.05	17.36	16.94	14.21	10.38	11.09	9.87	7.63
ROCE(%)	20.73	20.41	17.92	18.55	19.16	18.38	17.68	14.54	16.06	13.6	10.28
Receivable days	21.74	24.26	23.13	24.77	25.88	26.76	22.15	23.75	26.99	34.21	28.6
Inventory Days	41.04	37.49	31.03	30.97	24.97	24.59	23.11	23.1	17.25	13.86	12.97
Payable days	106.21	32.36	35.33	56.18	33.65	33.19	28.97	36.5	22.48	35.63	24.91
PER(x)	2.45	2.26	4.8	5.39	5.24	5.2	3.11	4.06	4.63	5.62	5.95
Price/Book(x)	0.44	0.4	0.75	0.85	0.84	0.81	0.42	0.41	0.48	0.53	0.44
Dividend Yield(%)	0	0	0	0	0	0	0	0	0	0	0
EV/Net Sales(x)	1.7	1.62	3.59	4.93	4.21	4.65	2.63	2.74	3.2	4.28	3.86
EV/Core EBITDA(x)	2.11	2.02	4.28	4.87	4.51	4.59	2.43	2.76	3.05	3.87	4.03
Net Sales Growth(%)	19.69	19.74	1.91	2.24	35.61	4.05	4.64	1.81	15.45	-8.27	-3.32
EBIT Growth(%)	21.01	19.79	5.27	24.61	24.42	13.58	11.78	-8.07	23.87	-3.58	-16.93
PAT Growth(%)	21.42	20.43	4.72	19.22	22.42	17.11	-2.18	-18.36	19.78	0.87	-15.37
EPS Growth(%)	21.42	21.14	3.58	20.86	22.42	16.58	-2.1	-18.3	19.11	0.87	-15.37
Debt/Equity(x)	0	0	0	0.03	0.01	0	0	0	0	0.01	0.01
Current Ratio(x)	3.76	2.96	11.75	8.77	3.34	3.72	3.33	3.01	4.01	3.88	2.09
Quick Ratio(x)	3.33	2.73	10.04	7.83	2.53	2.88	2.86	2.51	3.63	3.74	2.02
Interest Cover(x)	1204.13	2635.89	2416.9	230.66	35.59	53.67	37.94	28.47	23.39	24.64	28.65
Total Debt/Mcap(x)	0	0	0	0.03	0.01	0	0	0	0	0.02	0.02

IST Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	74.98	74.98	74.98	74.98	74.98	74.98	74.98	74.98	74.98	74.98
FII	0	0	0	0	0	0	0	0	0	0
DII	0.01	0.01	0.01	0	0.01	0.01	0.01	0.01	0.01	0.01
Public	25.01	25.01	25.01	25.02	25.01	25.01	25.01	25.01	25.01	25.01
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.87	0.87	0.87	0.87	0.87	0.87	0.87	0.87	0.87	0.87
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	0.29	0.29	0.29	0.29	0.29	0.29	0.29	0.29	0.29	0.29
Others	0	0	0	0	0	0	0	0	0	0
Total	1.17	1.17	1.17	1.17	1.17	1.17	1.17	1.17	1.17	1.17

Pros

Stock is trading at 0.9 times its book value
Debtor days have improved from 35.63 to 24.91days.
Company is almost debt free.

Cons

Company has a low return on equity of 10% over the last 3 years.
Earnings include an other income of Rs. 41 Cr.
The company has delivered a poor profit growth of -3% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.