Shivam Autotech

₹39.3 0.5 | 1.3%

WEBSITE BSE:532776 NSE : SHIVAM AUTO 18 May, 12:50

Market Cap ₹480 Cr.

Stock P/E -8.9

P/B 7.7

Current Price ₹39.3

Book Value ₹ 5.1

Face Value 2

52W High ₹49.7

Dividend Yield 0%

52W Low ₹ 23.6

Edit Ratio

Shivam Autotech Research see more...

Overview Inc. Year: 2005Industry: Auto Ancillary

Shivam Autotech Ltd is a producer of transmission gears and shafts in India. The Company operates thru the motor cycle components segment. The Company manufactures a variety of car components and add-ons that ordinarily consist of transmission gears, transmission shafts, alternator components, starter motor additives, magneto components and guidance additives, which can be being produced thru cold, warm and hot forging using near net shape technology. The Company's merchandise include Transmission Gears & Shafts; Starter Motor Components; Alternator Components; Precision Engineering Components, and EPS Components. The Company serves various vehicle manufacturers. The Company's infrastructure spans India across five places, which include Gurgaon, Haridwar, Manesar, Bengaluru and Rohtak. The Company has 2 plants, that are placed at Bengaluru and Rohtak.

Shivam Autotech Share Price

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Peer Comparison

Shivam Autotech 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	113	130	115	112	118	134	103	108	117	121
Other Income	1	2	-1	2	1	1	1	1	1	0
Total Income	114	132	113	114	119	135	104	109	118	121
Total Expenditure	99	122	87	90	101	122	94	99	108	111
Operating Profit	15	10	27	24	18	13	10	10	10	11
Interest	18	8	12	12	12	13	12	13	14	15
Depreciation	10	10	10	10	9	9	9	9	9	9
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	-13	-9	4	2	-3	-9	-11	-13	-13	-14
Provision for Tax	0	0	0	0	0	0	0	0	2	1
Profit After Tax	-13	-9	4	2	-3	-9	-11	-13	-15	-15
Adjustments	0	0	-0	0	0	0	0	0	0	0
Profit After Adjustments	-13	-9	4	2	-3	-9	-11	-13	-15	-15
Adjusted Earnings Per Share	-1.2	-0.8	0.4	0.1	-0.3	-0.7	-0.9	-1	-1.2	-1.2

Shivam Autotech 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	372	399	446	424	456	557	636	588	487	469	470	449
Other Income	0	0	0	0	0	1	1	1	4	4	3	3
Total Income	372	399	446	425	456	558	637	589	491	473	473	452
Total Expenditure	284	318	363	354	408	478	553	536	410	398	421	412
Operating Profit	87	80	83	71	48	79	84	53	81	75	52	41
Interest	25	20	20	21	29	46	49	53	57	51	50	54
Depreciation	31	31	27	28	32	41	49	54	49	41	35	36
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	32	29	36	21	-13	-8	-14	-54	-25	-16	-33	-51
Provision for Tax	4	1	8	2	-10	-6	5	-17	-2	0	2	3
Profit After Tax	28	28	28	19	-4	-1	-18	-37	-23	-16	-35	-54
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	28	28	28	19	-4	-1	-18	-37	-23	-16	-35	-54
Adjusted Earnings Per Share	2.6	2.6	2.6	1.8	-0.3	-0.1	-1.7	-3.5	-2.1	-1.3	-2.8	-4.3

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	0%	-7%	-3%	2%
Operating Profit CAGR	-31%	-1%	-8%	-5%
PAT CAGR	0%	0%	0%	NAN%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	54%	28%	4%	11%
ROE Average	-29%	-20%	-19%	-3%
ROCE Average	3%	5%	4%	9%

Shivam Autotech 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	138	161	181	195	192	191	173	135	113	139	105
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	44	30	103	171	216	211	199	204	245	173	215
Other Non-Current Liabilities	35	43	51	40	-10	-16	-11	-18	-23	-25	-24
Total Current Liabilities	142	179	161	199	266	288	375	370	362	318	325
Total Liabilities	359	412	496	605	664	674	735	691	698	604	621
Fixed Assets	242	229	251	246	353	445	467	448	429	394	362
Other Non-Current Assets	32	46	91	179	101	23	24	44	20	20	18
Total Current Assets	85	137	154	179	210	205	245	199	249	190	241
Total Assets	359	412	496	605	664	674	735	691	698	604	621

Shivam Autotech 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	1	6	1	3	0	1	3	53	1
Cash Flow from Operating Activities	83	55	7	47	27	79	94	104	72	65	65
Cash Flow from Investing Activities	-12	-19	-55	-118	-86	-48	-68	-43	-18	-5	-1
Cash Flow from Financing Activities	-70	-36	54	68	62	-33	-26	-58	-3	-113	-7
Net Cash Inflow / Outflow	0	-0	6	-3	2	-3	1	2	50	-52	57
Closing Cash & Cash Equivalent	1	1	6	3	3	0	1	3	53	1	58

Shivam Autotech 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)	2.63	2.65	2.62	1.79	-0.33	-0.11	-1.7	-3.46	-2.1	-1.31	-2.84
CEPS(Rs)	5.49	5.52	5.18	4.38	2.66	3.73	2.84	1.55	2.44	2.03	0.04
DPS(Rs)	0.8	0.9	1.2	0.4	0	0	0	0	0	0	0
Book NAV/Share(Rs)	12.84	15	16.9	18.2	17.88	17.78	16.08	12.58	10.52	11.34	8.56
Core EBITDA Margin(%)	22.26	19.11	17.7	15.72	9.81	13.86	12.96	8.78	15.9	15.19	10.51
EBIT Margin(%)	14.43	11.79	11.88	9.6	3.25	6.74	5.51	-0.2	6.63	7.36	3.63
Pre Tax Margin(%)	8.1	6.91	7.63	4.8	-2.73	-1.34	-2.16	-9.23	-5.03	-3.42	-6.98
PAT Margin (%)	7.2	6.78	5.99	4.3	-0.74	-0.22	-2.87	-6.32	-4.62	-3.42	-7.38
Cash Profit Margin (%)	15.05	14.16	11.83	10.52	5.9	7.08	4.81	2.84	5.37	5.29	0.11
ROA(%)	7.65	7.37	6.19	3.5	-0.56	-0.18	-2.59	-5.21	-3.24	-2.47	-5.67
ROE(%)	22.39	19.02	16.42	10.21	-1.85	-0.64	-10.02	-24.13	-18.15	-12.77	-28.56
ROCE(%)	20.48	18.16	16.96	9.75	2.89	6.38	5.79	-0.2	5.58	6.21	3.26
Receivable days	24.44	23.33	30.31	39.03	42.77	48.16	50.73	51.33	51.98	58.46	68.43
Inventory Days	49.39	50.76	55.33	69.65	70.54	60.01	57.03	60.53	65.34	69.27	65.4
Payable days	119.94	119.85	111.48	122.1	116.67	112.44	126.47	149.55	208.41	162.04	148.59
PER(x)	2.92	4.44	13.43	25.29	0	0	0	0	0	0	0
Price/Book(x)	0.6	0.78	2.08	2.49	2.36	3.57	2.09	0.7	1.59	2.63	2.43
Dividend Yield(%)	4.86	3.56	1.59	0.82	0	0	0	0	0	0	0
EV/Net Sales(x)	0.56	0.61	1.28	1.86	1.86	1.95	1.24	0.88	1.23	1.59	1.31
EV/Core EBITDA(x)	2.4	3.02	6.85	11.14	17.68	13.7	9.42	9.81	7.38	9.86	11.81
Net Sales Growth(%)	3.21	7.24	11.85	-4.87	7.44	22.18	14.15	-7.51	-17.08	-3.74	0.25
EBIT Growth(%)	1.83	-12.66	13.02	-23.09	-63.26	141.68	-8.17	-103.37	2840.66	6.94	-50.61
PAT Growth(%)	51.48	0.77	-1.04	-31.62	-118.6	65.6	-1379.17	-103.87	39.34	28.7	-116.17
EPS Growth(%)	51.48	0.77	-1.04	-31.62	-118.6	65.61	-1379.69	-103.87	39.34	37.35	-116.17
Debt/Equity(x)	0.93	0.73	1.09	1.56	2.08	2.16	2.52	3.18	4.25	2.75	4.03
Current Ratio(x)	0.6	0.77	0.96	0.9	0.79	0.71	0.65	0.54	0.69	0.6	0.74
Quick Ratio(x)	0.22	0.41	0.46	0.44	0.43	0.4	0.36	0.31	0.44	0.31	0.5
Interest Cover(x)	2.28	2.42	2.8	2	0.54	0.83	0.72	-0.02	0.57	0.68	0.34
Total Debt/Mcap(x)	1.56	0.93	0.53	0.63	0.88	0.61	1.2	4.54	2.68	1.05	1.65

Shivam Autotech Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	74.8	74.8	74.8	74.8	74.8	74.8	74.8	74.8	74.8	74.8
FII	0	0	0	0.01	0	0	0	0	0	0.07
DII	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02
Public	25.18	25.18	25.19	25.18	25.19	25.19	25.19	25.19	25.18	25.12
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	7.48	9.14	9.14	9.14	9.14	9.14	9.14	9.14	9.14	9.14
FII	0	0	0	0	0	0	0	0	0	0.01
DII	0	0	0	0	0	0	0	0	0	0
Public	2.52	3.08	3.08	3.08	3.08	3.08	3.08	3.08	3.08	3.07
Others	0	0	0	0	0	0	0	0	0	0
Total	10	12.22	12.22	12.22	12.22	12.22	12.22	12.22	12.22	12.22

Pros

Debtor days have improved from 162.04 to 148.59days.

Cons

Company has a low return on equity of -20% over the last 3 years.
Stock is trading at 7.7 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.