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Samrat Forgings Ltd.

₹335 0 | 0%

Market Cap ₹168 Cr.

Stock P/E 47.0

P/B 5.4

Current Price ₹335

Book Value ₹ 61.7

Face Value 10

52W High ₹575

Dividend Yield 0%

52W Low ₹ 165.1

Samrat Forgings Ltd. Research see more...

Overview Inc. Year: 1981Industry: Forgings

Samrat Forgings Limited (SFL)is a leading supplier of quality forgings for various industries, such as farm equipment, automotive, earth moving and construction equipment, oil and energy, and railways. SFL was established in 1981 and is based out of Chandigarh, India. It has two units, one for forging and one for machining, with a total installed capacity of around 8400 MT per annum. They have state of the art facility with pneumatic hammers, heat treatment, material testing, and CNC machines. Company's vision is to become the most preferred and reliable supplier for forged and machined products at competitive pricing. Some of its valued customers are Swaraj group, Ashok Leyland, Mahindra & Mahindra, TATA Hitachi, TELCON, H.M.T., Diesel Locomotive Works, Diesel Loco-modernization Works, and Twin Disc, Belgium. It is recognized as a ‘Zero Defect’ supplier by its customer.

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Samrat Forgings Ltd. Share Price

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Quarterly Price

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Peer Comparison

Samrat Forgings Ltd. Quarterly Results

#(Fig in Cr.) Mar 2021 Jun 2021 Sep 2021 Dec 2021 Jun 2022 Sep 2022 Dec 2022 Jun 2023 Sep 2023 Dec 2023
Net Sales 39 37 40 30 43 53 40 44 45 34
Other Income 0 0 0 0 0 -0 0 0 0 0
Total Income 39 37 40 30 43 53 40 44 45 34
Total Expenditure 36 34 37 26 40 49 36 40 41 31
Operating Profit 4 3 3 4 3 4 4 4 4 2
Interest 1 1 1 1 1 1 1 1 2 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 1 1 1 2 2 2 2 2 2 0
Provision for Tax 0 0 0 1 1 1 1 0 1 0
Profit After Tax 1 1 1 1 1 2 1 1 1 0
Adjustments 0 0 0 0 0 0 0 0 0 -0
Profit After Adjustments 1 1 1 1 1 2 1 1 1 0
Adjusted Earnings Per Share 2 1.2 1.4 2.4 2.1 3 2.5 2.8 1.6 0.2

Samrat Forgings Ltd. 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 68 77 68 67 71 80 96 82 118 139 181 163
Other Income 0 2 2 0 0 0 0 0 0 0 0 0
Total Income 68 79 71 67 71 80 97 82 118 140 182 163
Total Expenditure 62 72 64 60 64 72 88 74 106 127 166 148
Operating Profit 6 7 7 7 7 8 8 9 12 13 15 14
Interest 4 4 4 4 4 4 5 5 6 5 5 5
Depreciation 1 2 2 2 2 2 3 3 3 3 3 4
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 1 1 0 0 1 2 1 0 3 5 7 6
Provision for Tax 0 0 0 0 0 0 0 0 1 2 2 2
Profit After Tax 1 1 0 0 1 1 1 0 2 4 5 3
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 1 1 0 0 1 1 1 0 2 4 5 3
Adjusted Earnings Per Share 0 0 0 0 0 0 0 0 4.5 7.1 9.8 7.1

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 30% 30% 18% 10%
Operating Profit CAGR 15% 19% 13% 10%
PAT CAGR 25% 0% 38% 17%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 70% 47% NA% NA%
ROE Average 19% 16% 11% 7%
ROCE Average 15% 15% 13% 13%

Samrat Forgings Ltd. 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 13 14 14 14 15 16 17 17 20 23 28
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 10 8 5 6 5 12 12 13 15 16 29
Other Non-Current Liabilities 4 2 2 2 2 2 3 6 6 6 7
Total Current Liabilities 36 44 44 45 45 49 52 51 58 61 64
Total Liabilities 63 67 65 67 66 79 84 87 98 106 128
Fixed Assets 19 20 23 22 22 23 30 32 29 34 50
Other Non-Current Assets 4 5 1 2 1 6 3 2 2 1 5
Total Current Assets 40 42 41 44 43 49 52 54 67 70 73
Total Assets 63 67 65 67 66 79 84 87 98 106 128

Samrat Forgings Ltd. 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 1 0 0 1 1 1 1 1 1 1 1
Cash Flow from Operating Activities 3 9 5 2 4 2 10 9 4 11 16
Cash Flow from Investing Activities -5 -3 -1 -2 -2 -9 -5 -4 -0 -7 -23
Cash Flow from Financing Activities 2 -6 -4 -0 -2 6 -5 -5 -4 -4 8
Net Cash Inflow / Outflow -0 -0 0 -0 0 0 0 0 0 0 1
Closing Cash & Cash Equivalent 0 0 1 1 1 1 1 1 1 1 2

Samrat Forgings Ltd. 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 0 0 0 0 0 0 0 4.5 7.13 9.77
CEPS(Rs) 3.9 5.43 4.48 4.85 5.21 7.05 7.07 6.05 10.43 12.86 16.22
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 0 0 0 0 0 0 0 0 39.69 46.9 56.99
Core EBITDA Margin(%) 7.15 6.13 6.26 8.46 8.18 9.18 8.37 10.3 9.66 8.91 8.21
EBIT Margin(%) 5.94 6.31 6.38 5.91 5.79 6.96 6.16 7.04 7.32 7.21 6.64
Pre Tax Margin(%) 1.3 1.57 0.58 0.52 0.95 2.13 1.23 0.37 2.56 3.72 3.85
PAT Margin (%) 0.95 1.22 0.13 0.4 0.63 1.58 1.05 0.05 1.91 2.55 2.69
Cash Profit Margin (%) 2.58 3.15 2.95 3.24 3.28 4.29 3.68 3.68 4.43 4.61 4.47
ROA(%) 1.2 1.62 0.15 0.45 0.76 1.79 1.24 0.05 2.42 3.49 4.18
ROE(%) 5.78 7.89 0.73 2.11 3.47 8.4 6.12 0.23 12.07 16.46 18.81
ROCE(%) 11.7 13.03 11.45 10.5 11.27 12.62 11.3 10.58 14.69 15.23 15.27
Receivable days 58.02 52.36 51.62 51.73 49.86 50.18 45.61 50.71 49.94 51.73 42.1
Inventory Days 116.96 110.6 137.86 146.81 141.76 147.95 140.89 175.78 129.91 119.25 94.05
Payable days 146.81 147.46 185.1 201.77 212.11 203.26 179.38 223.28 143.75 132.03 105.66
PER(x) 0 0 0 0 0 0 0 0 23.4 18.53 17.13
Price/Book(x) 0 0 0 0 0 0 0 0 2.65 2.81 2.94
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.49 0.43 0.48 0.48 0.42 0.49 0.43 0.51 0.8 0.8 0.78
EV/Core EBITDA(x) 5.77 4.64 4.68 4.89 4.4 4.92 4.9 4.8 8.13 8.64 9.29
Net Sales Growth(%) -1.62 14.13 -11.75 -2.31 6.33 12.68 20.27 -14.63 43.36 18.5 29.99
EBIT Growth(%) -12.31 21.46 -10.88 -8.93 4.05 24.25 3.62 -2.37 49.1 16.6 19.86
PAT Growth(%) -36.12 46.2 -90.4 195.13 69.26 156.91 -21.66 -96.14 5646.79 58.35 37.15
EPS Growth(%) 0 0 0 0 0 0 0 0 5646.87 58.35 37.15
Debt/Equity(x) 2.23 2.06 2.04 1.93 1.7 2.16 2.17 2.17 2.13 1.98 2.09
Current Ratio(x) 1.1 0.96 0.93 0.97 0.95 1 1 1.05 1.16 1.16 1.13
Quick Ratio(x) 0.43 0.32 0.26 0.29 0.26 0.28 0.25 0.26 0.41 0.37 0.42
Interest Cover(x) 1.28 1.33 1.1 1.1 1.2 1.44 1.25 1.06 1.54 2.07 2.38
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 0.8 0.7 0.71

Samrat Forgings Ltd. 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 3.3 3.3 3.3 3.3 3.3 3.3 3.3 3.3 3.3 3.3
Public 21.72 21.72 21.72 21.72 21.72 21.72 21.72 21.72 21.72 21.72
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company has delivered good profit growth of 37% CAGR over last 5 years
  • Debtor days have improved from 132.03 to 105.66days.

Cons

  • Stock is trading at 5.4 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.

Samrat Forgings Ltd. News

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