Samkrg Pistons&Rings

₹165.6 1.5 | 0.9%

WEBSITE BSE:520075 NSE : SAMKRG PIST. 18 May, 12:50

Market Cap ₹163 Cr.

Stock P/E 15.2

P/B 0.9

Current Price ₹165.6

Book Value ₹ 188.7

Face Value 10

52W High ₹187

Dividend Yield 1.51%

52W Low ₹ 130

Edit Ratio

Samkrg Pistons&Rings Research see more...

Overview Inc. Year: 1985Industry: Auto Ancillary

Samkrg Pistons & Rings Limited is a company that manufactures and supplies pistons, piston pins, piston rings, and cylinder liners for various automotive and non-automotive applications. It was incorporated in 1981 and is part of the Samkrg Group, which has interests in engineering, education, and healthcare. The company is headquartered in Hyderabad and has four manufacturing plants in India and one in Thailand. The company is ISO 9001, ISO 14001, and IATF 16949 certified and follows relevant BIS and JIS standards. Company offers a wide range of products, from two-wheeler to heavy-duty vehicles, and also provides customized solutions according to the client’s specifications. The company serves various domestic and international customers, such as Bajaj, Honda, Hero, Yamaha, Suzuki, Tata, Mahindra, Volvo, Cummins, and Caterpillar.

Samkrg Pistons&Rings Share Price

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Peer Comparison

Samkrg Pistons&Rings 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	52	72	59	53	59	68	56	54	65	60
Other Income	0	1	0	0	0	0	0	0	1	0
Total Income	53	72	60	54	59	68	57	55	65	61
Total Expenditure	51	60	50	43	51	58	48	49	59	51
Operating Profit	2	12	9	10	7	10	9	5	7	9
Interest	0	0	1	1	1	1	1	1	1	1
Depreciation	3	3	4	4	3	3	3	3	4	3
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	-1	9	5	6	4	6	5	1	2	6
Provision for Tax	0	2	1	2	1	1	1	0	0	1
Profit After Tax	-1	7	4	4	3	5	4	1	1	5
Adjustments	0	0	-0	0	0	-0	0	0	0	0
Profit After Adjustments	-1	7	4	4	3	5	4	1	1	5
Adjusted Earnings Per Share	-1	7.1	4.4	3.6	3.1	5.5	3.8	1.2	1.3	4.6

Samkrg Pistons&Rings 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	173	206	232	245	252	268	290	236	225	237	237	235
Other Income	0	0	0	0	1	2	2	1	1	1	1	1
Total Income	174	206	233	246	253	271	292	237	227	238	238	238
Total Expenditure	143	176	199	210	211	227	246	197	189	205	202	207
Operating Profit	31	30	34	36	42	44	45	40	37	34	36	30
Interest	8	5	5	2	2	1	1	1	1	2	3	4
Depreciation	10	10	12	12	13	13	12	13	13	13	13	13
Exceptional Income / Expenses	0	1	-0	-0	-0	0	0	0	0	0	0	0
Profit Before Tax	13	16	18	22	27	29	32	26	23	19	19	14
Provision for Tax	4	5	5	7	7	9	11	6	6	5	4	2
Profit After Tax	9	11	12	16	19	20	21	20	17	14	15	11
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	9	11	12	16	19	20	21	20	17	14	15	11
Adjusted Earnings Per Share	8.8	10.9	12.5	16	19.8	20.5	21.4	20	17.6	14.1	15	10.9

Growth Rates

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

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	16%	1%	2%	10%
ROE Average	8%	9%	11%	14%
ROCE Average	12%	13%	15%	19%

Samkrg Pistons&Rings 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	68	75	85	92	111	126	141	149	166	175	180
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	14	14	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	20	18	18	17	16	16	14	13	11	10	16
Total Current Liabilities	59	50	49	61	59	55	55	51	36	38	39
Total Liabilities	160	158	152	170	186	197	211	212	213	223	235
Fixed Assets	100	100	101	106	122	134	144	141	137	131	127
Other Non-Current Assets	6	2	2	3	3	3	3	3	3	7	8
Total Current Assets	55	56	49	61	61	59	64	68	73	85	99
Total Assets	160	158	152	170	186	197	211	212	213	223	235

Samkrg Pistons&Rings 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	3	1	3	0	1	4	1	1	0	1	1
Cash Flow from Operating Activities	18	17	32	25	33	27	27	24	20	1	12
Cash Flow from Investing Activities	-18	-7	-27	-17	-29	-25	-21	-10	-9	-11	-11
Cash Flow from Financing Activities	-1	-8	-7	-8	-0	-4	-7	-15	-11	10	-2
Net Cash Inflow / Outflow	-2	2	-2	0	4	-3	-1	-0	0	-0	-0
Closing Cash & Cash Equivalent	1	3	0	1	4	1	1	0	1	1	0

Samkrg Pistons&Rings 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)	8.83	10.94	12.54	15.99	19.81	20.52	21.42	19.96	17.64	14.13	14.95
CEPS(Rs)	19.36	21.58	24.32	27.91	32.91	33.81	33.7	32.95	30.86	27.28	28.44
DPS(Rs)	2.5	2.5	3	4	4.5	5	5	5	5	2.5	2.5
Book NAV/Share(Rs)	67.24	75.25	84.72	92.3	111.76	126.74	142.29	150.19	167.3	176.42	181.56
Core EBITDA Margin(%)	15.75	13.09	13.26	12.96	14.41	12.82	12.13	13.24	13.01	11.22	12.02
EBIT Margin(%)	10.54	8.89	8.77	8.75	10.14	9.47	9.31	9.29	8.83	7.15	7.84
Pre Tax Margin(%)	6.6	6.84	6.97	8.18	9.52	9.03	8.9	8.93	8.45	6.63	6.66
PAT Margin (%)	4.5	4.71	4.82	5.73	6.94	6.22	5.9	6.74	6.27	4.79	5.1
Cash Profit Margin (%)	9.86	9.29	9.35	10	11.52	10.24	9.28	11.14	10.97	9.24	9.7
ROA(%)	5.37	6.75	7.94	9.75	10.92	10.53	10.33	9.27	8.14	6.35	6.4
ROE(%)	13.61	15.36	15.68	18.06	19.42	17.21	15.92	13.65	11.11	8.22	8.35
ROCE(%)	19.49	18.75	21.33	22.96	24.2	22.78	22.15	16.9	14.74	11.49	11.6
Receivable days	61.32	50.78	44.91	46.7	50.75	43.49	41.23	50.63	56.56	58.62	62.88
Inventory Days	42.21	31.53	23.95	21.96	21.98	19.22	19.52	29.39	33.17	37.66	50.84
Payable days	158.5	124.87	98.06	121.31	97.67	87.9	40.41	56.23	47.91	29.44	21.65
PER(x)	5.34	5.39	12.13	10.08	10.21	13.15	7.92	3.85	8.67	10.24	8.08
Price/Book(x)	0.7	0.78	1.8	1.75	1.81	2.13	1.19	0.51	0.91	0.82	0.67
Dividend Yield(%)	5.31	4.24	1.97	2.48	2.23	1.85	2.95	6.51	3.27	1.73	2.07
EV/Net Sales(x)	0.5	0.44	0.72	0.71	0.84	1.05	0.63	0.38	0.68	0.68	0.58
EV/Core EBITDA(x)	2.81	3.03	4.86	4.88	5.08	6.44	4.05	2.26	4.11	4.78	3.81
Net Sales Growth(%)	-12.99	18.55	13.06	5.47	2.61	6.65	7.91	-18.51	-4.52	5.35	-0.31
EBIT Growth(%)	-9.06	-0.26	10.58	6.89	18.71	7.89	8.16	-18.7	-9.65	-14.94	8.91
PAT Growth(%)	-26.39	23.95	14.6	27.5	23.92	3.59	4.37	-6.83	-11.6	-19.9	5.82
EPS Growth(%)	-26.39	23.95	14.6	27.5	23.92	3.59	4.37	-6.84	-11.6	-19.9	5.82
Debt/Equity(x)	0.62	0.48	0.21	0.19	0.16	0.15	0.13	0.1	0.03	0.11	0.1
Current Ratio(x)	0.92	1.1	0.99	1.01	1.04	1.08	1.16	1.35	2.03	2.23	2.53
Quick Ratio(x)	0.57	0.73	0.69	0.71	0.77	0.74	0.81	0.81	1.4	1.27	1.43
Interest Cover(x)	2.68	4.33	4.85	15.44	16.39	21.88	23.09	26.15	23.27	13.62	6.63
Total Debt/Mcap(x)	0.88	0.61	0.12	0.11	0.09	0.07	0.1	0.2	0.03	0.14	0.16

Samkrg Pistons&Rings Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	66.88	66.88	66.88	66.88	66.88	66.88	66.88	66.88	66.88	66.88
FII	0	0	0	0	0	0	0	0	0	0
DII	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Public	33.11	33.11	33.11	33.11	33.11	33.11	33.11	33.11	33.11	33.11
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	0.66	0.66	0.66	0.66	0.66	0.66	0.66	0.66	0.66	0.66
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	0.33	0.33	0.33	0.33	0.33	0.33	0.33	0.33	0.33	0.33
Others	0	0	0	0	0	0	0	0	0	0
Total	0.98	0.98	0.98	0.98	0.98	0.98	0.98	0.98	0.98	0.98

Pros

Stock is trading at 0.9 times its book value
Debtor days have improved from 29.44 to 21.65days.
Company is almost debt free.

Cons

Company has a low return on equity of 9% over the last 3 years.
The company has delivered a poor profit growth of -5% 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.