Saint-Gobain Sekurit

₹140.3 0.4 | 0.3%

WEBSITE BSE:515043 NSE : SAINT-GOBAIN 10 May, 16:01

Market Cap ₹1278 Cr.

Stock P/E 40.8

P/B 6.7

Current Price ₹140.3

Book Value ₹ 21

Face Value 10

52W High ₹156

Dividend Yield 1.07%

52W Low ₹ 89.5

Edit Ratio

Saint-Gobain Sekurit Research see more...

Overview Inc. Year: 1973Industry: Auto Ancillary

Saint-Gobain Sekurit India Ltd is engaged in the manufacture of laminated and toughened tempered glass. The Company is inside the commercial enterprise of manufacture and sale of automotive glass. The Company manufactures and elements automotive glazing for auto manufacturers in India, in addition to the replacement market. The Company is engaged inside the processing of glasses to manufacture windshields, door glasses and backlites for the automobile area. It offers a number of windshields, tempered glasses and tempered backiltes for programs, which includes passenger cars, utility vehicles, commercial vehicles and 3 wheelers. The Company offers merchandise for acoustic control, thermal comfort and hydroscopic glasses. The Company's manufacturing plants are placed close to Pune. The Company's holding business enterprise is Saint-Gobain Sekurit France S.A.

Saint-Gobain Sekurit Share Price

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Peer Comparison

Saint-Gobain Sekurit Quarterly Results

#(Fig in Cr.)	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Jun 2023	Sep 2023	Dec 2023
Net Sales	27	38	41	45	45	48	47	48	54	52
Other Income	1	1	1	0	1	2	2	2	2	2
Total Income	28	39	43	46	46	49	49	51	56	55
Total Expenditure	21	30	29	36	36	40	38	40	44	43
Operating Profit	6	9	13	10	10	10	11	11	13	12
Interest	0	0	0	0	0	0	0	0	0	0
Depreciation	1	1	1	1	1	1	1	1	1	1
Exceptional Income / Expenses	0	28	0	0	0	0	0	0	0	0
Profit Before Tax	5	35	12	8	9	9	10	10	12	11
Provision for Tax	1	7	3	2	2	2	3	3	3	3
Profit After Tax	4	29	9	6	7	6	7	7	9	8
Adjustments	-0	0	0	0	0	0	0	-0	0	0
Profit After Adjustments	4	29	9	6	7	6	7	7	9	8
Adjusted Earnings Per Share	0.4	3.1	1	0.7	0.8	0.7	0.8	0.8	1	0.9

Saint-Gobain Sekurit 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	109	104	133	141	123	146	160	135	105	151	186	201
Other Income	1	1	1	2	3	3	6	7	5	4	7	8
Total Income	109	104	133	143	126	149	165	142	110	155	194	211
Total Expenditure	98	95	115	119	108	120	134	116	89	117	151	165
Operating Profit	11	10	18	24	18	30	31	26	21	38	43	47
Interest	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	9	9	10	9	8	9	9	8	5	4	4	4
Exceptional Income / Expenses	0	0	0	-15	0	0	0	0	0	28	0	0
Profit Before Tax	2	1	8	0	10	21	23	18	15	61	39	43
Provision for Tax	2	0	1	0	4	7	7	4	4	13	10	12
Profit After Tax	1	0	7	0	7	14	16	13	11	48	29	31
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	1	0	7	0	7	14	16	13	11	48	29	31
Adjusted Earnings Per Share	0.1	0	0.7	0	0.7	1.5	1.8	1.5	1.3	5.2	3.2	3.5

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	23%	11%	5%	5%
Operating Profit CAGR	13%	18%	7%	15%
PAT CAGR	-40%	31%	16%	40%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	53%	25%	21%	25%
ROE Average	16%	18%	16%	10%
ROCE Average	21%	23%	21%	14%

Saint-Gobain Sekurit 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	73	74	80	80	87	101	116	129	141	180	181
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	0	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	2	6	8	-3	3	1	2	2	1	2	3
Total Current Liabilities	29	22	25	21	16	17	22	25	27	22	23
Total Liabilities	104	101	113	98	106	119	140	156	169	204	207
Fixed Assets	62	56	50	39	44	38	32	25	22	20	18
Other Non-Current Assets	9	14	12	6	8	2	1	2	2	2	1
Total Current Assets	33	31	51	53	54	79	106	129	145	182	187
Total Assets	104	101	113	98	106	119	140	156	169	204	207

Saint-Gobain Sekurit 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	0	1	0	0	0	1	1	2	0	1	1
Cash Flow from Operating Activities	12	3	15	11	7	17	24	27	2	12	34
Cash Flow from Investing Activities	-12	-3	-9	-10	-8	-18	-21	-27	-5	-2	-5
Cash Flow from Financing Activities	2	-0	-6	-0	1	2	-1	-1	3	-9	-28
Net Cash Inflow / Outflow	1	-1	-0	0	0	0	1	-1	1	0	1
Closing Cash & Cash Equivalent	1	0	0	0	1	1	2	0	1	1	3

Saint-Gobain Sekurit 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)	0.07	0.05	0.74	0	0.74	1.51	1.76	1.47	1.25	5.23	3.17
CEPS(Rs)	1.03	1.02	1.87	0.93	1.59	2.46	2.7	2.3	1.84	5.72	3.6
DPS(Rs)	0	0	0	0	0	0	0	0	1	3	1.5
Book NAV/Share(Rs)	8.03	8.08	8.8	8.79	9.51	11.04	12.77	14.18	15.51	19.75	19.85
Core EBITDA Margin(%)	8.47	7.89	11.76	13.95	11.41	17.85	16.13	14.03	15.35	22.36	19.17
EBIT Margin(%)	2.04	0.89	5.25	0.29	7.69	14.08	14.36	13.35	14.88	40.52	21.05
Pre Tax Margin(%)	1.8	0.78	5.2	0	7.48	13.98	14.17	13.23	14.4	40.2	20.84
PAT Margin (%)	0.53	0.35	4.52	0	4.88	9.18	10.06	9.94	10.88	31.52	15.5
Cash Profit Margin (%)	7.71	7.94	11.41	5.41	10.46	14.93	15.39	15.55	16.01	34.46	17.62
ROA(%)	0.64	0.4	6.29	0	6.64	12.27	12.43	9.06	7.01	25.55	14.07
ROE(%)	0.89	0.56	8.78	0	8.12	14.72	14.83	10.93	8.44	29.7	16.01
ROCE(%)	3.19	1.3	9.84	0.56	12.54	21.79	20.41	14.36	11.23	36.9	21.11
Receivable days	42.73	44.99	40.81	40.34	40.84	48.66	52.77	53.59	77.13	66.67	52.63
Inventory Days	34.86	40.85	30.68	27.84	30.13	24.84	25.33	32.3	37.99	33.61	30.86
Payable days	99.24	98.05	84.99	87.05	72.4	47.51	55.95	90.56	113.12	67.24	53.1
PER(x)	311.97	326.77	50.29	0	62.46	35.62	32.95	20.95	52.83	15.25	25.87
Price/Book(x)	2.76	1.83	4.23	4.62	4.88	4.88	4.55	2.17	4.27	4.04	4.13
Dividend Yield(%)	0	0	0	0	0	0	0	0	1.51	3.76	1.83
EV/Net Sales(x)	1.9	1.35	2.55	2.64	3.44	3.37	3.23	2.09	5.79	4.84	4.02
EV/Core EBITDA(x)	18.34	14.16	18.7	15.55	23.06	16.62	16.43	11.04	28.96	19.33	17.35
Net Sales Growth(%)	4.17	-4.42	28.06	5.95	-12.29	18.6	9.11	-15.51	-22.3	44.23	23.15
EBIT Growth(%)	-76.51	-58.5	658.16	-94.22	2250.18	98.04	8.65	-21.43	-13.41	292.77	-36.01
PAT Growth(%)	-90.54	-36.41	1539.57	-99.98	0	103.52	16.72	-16.56	-14.9	317.76	-39.46
EPS Growth(%)	-90.54	-36.34	1538.72	-99.99	0	103.51	16.72	-16.57	-14.89	317.75	-39.46
Debt/Equity(x)	0.08	0.08	0	0.01	0.02	0.04	0.03	0.02	0.04	0.03	0.03
Current Ratio(x)	1.11	1.43	2.05	2.53	3.33	4.62	4.86	5.2	5.36	8.13	8.11
Quick Ratio(x)	0.66	0.83	1.59	1.96	2.64	4.08	4.27	4.75	4.97	7.36	7.48
Interest Cover(x)	8.54	7.92	95.33	1.01	36.77	153.32	75.98	111.33	31.23	125.28	97.6
Total Debt/Mcap(x)	0.03	0.04	0	0	0.01	0.01	0.01	0.01	0.01	0.01	0.01

Saint-Gobain Sekurit Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	75	75	75	75	75	75	75	75	75	75
FII	0	0	0	0	0.29	0.29	0.29	0.29	0.29	0.29
DII	0	0	0	0	0	0	0	0	0	0
Public	25	25	25	25	24.71	24.71	24.71	24.71	24.71	24.71
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	6.83	6.83	6.83	6.83	6.83	6.83	6.83	6.83	6.83	6.83
FII	0	0	0	0	0.03	0.03	0.03	0.03	0.03	0.03
DII	0	0	0	0	0	0	0	0	0	0
Public	2.28	2.28	2.28	2.28	2.25	2.25	2.25	2.25	2.25	2.25
Others	0	0	0	0	0	0	0	0	0	0
Total	9.11	9.11	9.11	9.11	9.11	9.11	9.11	9.11	9.11	9.11

Pros

Debtor days have improved from 67.24 to 53.1days.
Company is almost debt free.

Cons

Stock is trading at 6.7 times its book value.

* 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.