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Sat Industries

₹93.9 3 | 3.2%

Market Cap ₹1062 Cr.

Stock P/E 4.1

P/B 1.6

Current Price ₹93.9

Book Value ₹ 57.3

Face Value 2

52W High ₹145.5

Dividend Yield 0.32%

52W Low ₹ 64.7

Sat Industries Research see more...

Overview Inc. Year: 1984Industry: Trading

Sat Industries Ltd is a holding company. The Company is engaged in non-specialised wholesale trade. The Company is engaged inside the enterprise of general trading particularly fabric, and leasing of equipment and molds. The Company is also engaged in wholesale trading of trendy products. The Company's segments include Trading, which includes fabric; Manufacturing, which incorporates Polypropylene (PP) Woven Bags and Sacks, and Others-residuary, which includes services, together with hiring of system. The Company's geographical segments encompass India and Outside India. The Company's products encompass HDPE/PP Woven Sacks, HDPE/PP Fabrics, PP Woven Sacks, PP Woven Fabrics and Others. It operates in Africa, India, Kuwait, and Middle East countries,. The Company's subsidiaries encompass Aeroflex International Ltd, Italica Furniture Private Ltd and Sah Polymers Ltd.

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Sat Industries Share Price

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Volume
Price

Quarterly Price

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Peer Comparison

Sat Industries Quarterly Results

#(Fig in Cr.) Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Net Sales 96 109 117 126 116 107 130 137 118 115
Other Income 0 4 1 3 4 7 74 187 10 7
Total Income 96 112 119 129 120 114 204 324 128 123
Total Expenditure 78 93 101 111 103 96 109 117 103 99
Operating Profit 18 20 17 18 17 18 94 206 26 24
Interest 2 3 1 2 3 1 2 3 2 2
Depreciation 1 2 1 2 2 2 2 2 2 2
Exceptional Income / Expenses 0 0 0 2 0 0 0 0 0 0
Profit Before Tax 16 15 15 17 12 15 90 201 21 20
Provision for Tax 4 7 4 4 2 4 20 26 7 5
Profit After Tax 12 8 11 13 10 11 70 175 15 14
Adjustments -1 -1 -0 -1 -0 -1 -6 0 -3 -8
Profit After Adjustments 11 7 11 13 9 10 65 175 12 6
Adjusted Earnings Per Share 1 0.6 0.9 1.1 0.8 0.9 5.7 15.5 1.1 0.5

Sat Industries 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 21 19 9 92 91 100 230 225 205 347 466 500
Other Income 0 0 1 1 2 2 1 4 0 5 16 278
Total Income 21 20 9 93 93 101 231 229 205 351 482 779
Total Expenditure 38 22 27 92 87 90 196 209 178 287 411 428
Operating Profit -16 -2 -18 1 6 12 34 20 27 64 71 350
Interest 0 0 0 1 1 2 13 11 9 8 8 9
Depreciation 0 0 0 1 1 1 5 5 5 6 7 8
Exceptional Income / Expenses 0 0 0 -0 18 -0 0 0 0 0 0 0
Profit Before Tax -17 -2 -18 -2 22 8 16 4 12 50 58 332
Provision for Tax -1 -1 -0 0 1 1 -0 -0 3 12 13 58
Profit After Tax -16 -2 -18 -2 21 7 16 4 9 39 45 274
Adjustments -0 0 0 -0 -0 -0 -3 -1 -1 -3 -2 -17
Profit After Adjustments -16 -2 -18 -2 21 7 13 3 9 36 43 258
Adjusted Earnings Per Share -4.1 -0.4 -3.9 -0.4 2.1 0.6 1.2 0.2 0.8 3.1 3.8 22.8

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 34% 27% 36% 36%
Operating Profit CAGR 11% 53% 43% 0%
PAT CAGR 15% 124% 45% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 45% 69% 27% 51%
ROE Average 19% 15% 12% -9%
ROCE Average 20% 17% 15% -2%

Sat Industries 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 22 22 5 17 89 106 141 160 168 203 261
Minority's Interest 0 0 0 3 2 2 16 2 3 9 46
Borrowings 0 1 0 4 2 1 42 38 36 22 28
Other Non-Current Liabilities -1 -2 -0 2 2 2 0 -0 2 3 3
Total Current Liabilities 10 11 3 61 38 42 88 89 95 142 151
Total Liabilities 32 33 8 86 132 152 287 289 304 379 490
Fixed Assets 0 0 0 27 27 29 77 75 75 80 112
Other Non-Current Assets 4 12 1 8 8 17 14 17 14 34 34
Total Current Assets 28 20 7 51 97 107 196 197 215 265 344
Total Assets 32 33 8 86 132 152 287 289 304 379 490

Sat Industries 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 0 0 4 4 12 4 -10 0 3 6
Cash Flow from Operating Activities -2 -3 0 18 -26 -21 37 28 19 17 -7
Cash Flow from Investing Activities 1 1 -0 -20 -4 -12 -7 -16 -5 -22 -33
Cash Flow from Financing Activities 0 3 4 6 35 25 -44 -1 -11 8 58
Net Cash Inflow / Outflow -0 0 4 4 5 -9 -14 10 3 3 18
Closing Cash & Cash Equivalent 0 0 4 8 12 3 -10 0 3 6 24

Sat Industries 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) -4.08 -0.44 -3.88 -0.35 2.13 0.65 1.24 0.23 0.78 3.14 3.78
CEPS(Rs) -4.07 -0.44 -3.88 -0.13 2.26 0.78 2.02 0.83 1.3 3.94 4.62
DPS(Rs) 0 0 0 0 0 0.1 0.1 0 0.1 0.15 0.2
Book NAV/Share(Rs) 5.74 5.76 1.08 2.67 8.71 9.79 13.07 14.14 14.86 17.95 23.11
Core EBITDA Margin(%) -78.9 -14.71 -207.06 0.18 4.23 10.1 14.65 7.28 12.86 17.09 11.89
EBIT Margin(%) -78.66 -12.87 -199.92 -0.1 24.31 10.33 12.66 6.52 10.47 16.78 14.11
Pre Tax Margin(%) -78.73 -12.88 -199.92 -1.6 22.91 8.34 7.06 1.62 6.08 14.5 12.5
PAT Margin (%) -75.82 -8.86 -199.92 -1.81 22.15 7.25 7.17 1.81 4.62 11.16 9.66
Cash Profit Margin (%) -75.74 -8.83 -199.86 -0.75 23.32 8.4 9.48 4.15 7.17 12.84 11.2
ROA(%) -40.26 -5.33 -87.48 -3.71 19.37 5.12 7.5 1.41 3.19 11.33 10.37
ROE(%) -56.8 -7.66 -130.16 -17.64 42.05 7.61 13.36 2.71 5.76 20.87 19.41
ROCE(%) -41.68 -7.54 -84.6 -0.39 32.86 8.87 16.13 6.42 9.09 21.79 19.95
Receivable days 467.14 392.93 368.81 71.98 158.79 109.56 54.11 84.94 94.04 70.72 73.55
Inventory Days 0 0 0 16.36 21.83 27.38 31.33 55.72 68.99 50.24 55.01
Payable days 0 0 0 87.38 158.56 88.36 56.35 99.6 123.51 73.43 57.68
PER(x) 0 0 0 0 11.54 56.53 20.76 72.66 23.66 12.34 15.85
Price/Book(x) 1.48 0.26 2.55 3.37 2.82 3.73 1.97 1.19 1.24 2.16 2.6
Dividend Yield(%) 0 0 0 0 0 0.27 0.39 0 0.54 0.39 0.33
EV/Net Sales(x) 2.05 0.88 1.37 0.72 2.46 4.16 1.55 1.13 1.32 1.49 1.58
EV/Core EBITDA(x) -2.61 -6.88 -0.68 66.26 37.54 35.34 10.34 12.71 10.11 8.05 10.38
Net Sales Growth(%) -27.82 -7.54 -53.95 929.51 -0.64 9.07 130.6 -1.93 -9.15 69.34 34.47
EBIT Growth(%) 73.58 84.87 -615.06 99.46 0 -55.23 181.05 -49.48 45.78 171.43 13.11
PAT Growth(%) 74.54 89.19 -938.48 90.19 1303.1 -65.52 126.93 -75.27 131.81 309.53 16.41
EPS Growth(%) 74.52 89.2 -782.12 90.89 701.06 -69.6 91.43 -81.32 235.43 305.25 20.42
Debt/Equity(x) 0.44 0.51 0.62 1.61 0.13 0.26 0.61 0.44 0.43 0.45 0.4
Current Ratio(x) 2.82 1.89 2.16 0.84 2.55 2.57 2.23 2.22 2.27 1.87 2.28
Quick Ratio(x) 2.82 1.89 2.16 0.79 2.36 2.5 1.87 1.8 1.85 1.48 1.72
Interest Cover(x) -1167.73 -1359.66 0 -0.07 17.33 5.18 2.26 1.33 2.38 7.35 8.76
Total Debt/Mcap(x) 0.3 1.96 0.24 0.48 0.05 0.07 0.31 0.37 0.35 0.21 0.15

Sat Industries Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 51.59 51.59 51.59 51.59 51.59 51.59 51.59 51.59 51.59 51.59
FII 0 0 0 0 0.89 0.88 1.97 2.29 0.76 0.75
DII 0 0 0 0 0 0 0 0 0 0.21
Public 48.41 48.41 48.41 48.41 47.53 47.53 46.44 46.13 47.66 47.46
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 45% CAGR over last 5 years
  • Debtor days have improved from 73.43 to 57.68days.
  • Company is almost debt free.

Cons

* 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.

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