Signet Industries

₹84.6 0.6 | 0.8%

WEBSITE BSE:512131 NSE : SIGIND 18 May, 12:50

Market Cap ₹249 Cr.

Stock P/E 14.5

P/B 1.1

Current Price ₹84.6

Book Value ₹ 73.6

Face Value 10

52W High ₹90

Dividend Yield 0.59%

52W Low ₹ 36.6

Edit Ratio

Signet Industries Research see more...

Overview Inc. Year: 1985Industry: Trading

Signet Industries Limited is a company that specializes in the manufacturing and trading of agriculture, irrigation and plastic products.The company was established in 1985 by Mr. Mukesh Sangla, who serves as both the chairman and managing director. Alongside his family members and affiliated companies Mr. Sangla holds a 72.57% stake, in the companys equity.Their diverse product offerings include micro irrigation systems, PVC pipes, crates, ghamela ( round shaped baskets) household molded products, furniture items and petrochemical goods. With a state of the art production facility located in Pune. Signet Industries has secured long term contracts for its materials sourcing well as customer base.The company has achieved milestones over the years such as expanding their capacity for sprinkler pipes and receiving an allocation of 23,000 hectares for micro irrigation from Gujarat Green Revolution Company.

Signet Industries Share Price

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Signet Industries 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	180	205	181	311	219	223	263	289	269	311
Other Income	0	0	0	0	0	1	1	0	1	1
Total Income	181	205	181	311	219	223	264	289	270	312
Total Expenditure	166	190	166	294	204	208	244	271	249	286
Operating Profit	14	15	16	18	16	15	20	19	21	25
Interest	11	11	10	12	11	10	10	12	14	16
Depreciation	2	2	2	2	2	2	2	2	2	2
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	2	3	4	4	2	3	7	4	5	7
Provision for Tax	0	1	1	1	1	1	2	1	1	2
Profit After Tax	1	2	3	3	1	2	5	3	3	5
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	1	2	3	3	1	2	5	3	3	5
Adjusted Earnings Per Share	0.4	0.6	0.9	1	0.5	0.6	1.8	1.1	1.2	1.8

Signet 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	565	612	656	794	912	904	976	883	827	877	1018	1132
Other Income	9	8	7	3	4	4	2	2	2	1	3	3
Total Income	574	621	663	797	917	907	978	885	829	879	1020	1135
Total Expenditure	512	549	599	727	849	834	905	816	764	816	948	1050
Operating Profit	61	72	64	70	68	73	73	69	64	63	72	85
Interest	38	45	43	40	38	41	44	44	46	43	44	52
Depreciation	6	6	6	7	7	7	7	8	8	9	9	8
Exceptional Income / Expenses	0	0	1	0	0	0	0	0	2	0	0	0
Profit Before Tax	18	21	16	23	23	26	22	17	12	12	19	23
Provision for Tax	6	6	4	6	5	7	8	5	-2	3	6	6
Profit After Tax	12	16	12	17	18	18	14	12	14	8	13	16
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	12	16	12	17	18	18	14	12	14	8	13	16
Adjusted Earnings Per Share	4	5.3	4	5.8	6.3	6.3	4.7	4	4.7	2.8	4.4	5.9

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	16%	5%	2%	6%
Operating Profit CAGR	14%	1%	-0%	2%
PAT CAGR	63%	3%	-6%	1%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	125%	31%	18%	-12%
ROE Average	7%	6%	7%	14%
ROCE Average	12%	12%	14%	17%

Signet 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	48	59	98	116	139	155	167	176	189	195	206
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	92	99	60	54	45	40	35	42	74	80	65
Other Non-Current Liabilities	11	12	13	14	9	12	14	15	11	10	10
Total Current Liabilities	316	349	350	350	396	409	439	421	456	432	448
Total Liabilities	466	519	520	534	588	616	655	654	729	718	729
Fixed Assets	78	82	81	77	72	79	82	77	81	79	82
Other Non-Current Assets	16	13	7	9	13	14	15	22	22	23	24
Total Current Assets	372	424	431	448	502	522	557	555	626	616	623
Total Assets	466	519	520	534	588	616	655	654	729	718	729

Signet 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	22	10	8	19	16	5	9	4	11	8	1
Cash Flow from Operating Activities	32	43	65	28	15	20	84	12	7	34	51
Cash Flow from Investing Activities	-28	5	37	4	-5	-9	-9	9	-13	-9	-6
Cash Flow from Financing Activities	-16	-49	-91	-35	-22	-7	-80	-13	3	-32	-44
Net Cash Inflow / Outflow	-12	-2	11	-3	-11	4	-5	7	-3	-7	1
Closing Cash & Cash Equivalent	10	8	19	16	5	9	4	11	8	1	2

Signet 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)	4.05	5.28	4.01	5.84	6.25	6.28	4.66	4.01	4.74	2.8	4.43
CEPS(Rs)	6.17	7.57	6.22	8.21	8.49	8.52	7.14	6.68	7.43	5.73	7.52
DPS(Rs)	1.2	1.2	0	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5
Book NAV/Share(Rs)	14.65	18.51	29.9	35.94	47.16	52.76	56.67	59.92	64.07	66.29	70.14
Core EBITDA Margin(%)	9.08	10.22	8.49	8.26	6.75	7.69	7.29	7.61	7.56	7.04	6.83
EBIT Margin(%)	9.58	10.54	8.7	7.83	6.53	7.35	6.77	6.97	7.02	6.21	6.21
Pre Tax Margin(%)	3.04	3.39	2.34	2.86	2.48	2.83	2.26	1.94	1.41	1.33	1.88
PAT Margin (%)	2.06	2.5	1.74	2.15	1.97	2.03	1.41	1.34	1.69	0.94	1.28
Cash Profit Margin (%)	3.11	3.53	2.71	2.96	2.67	2.76	2.15	2.23	2.65	1.92	2.17
ROA(%)	2.67	3.18	2.25	3.3	3.28	3.07	2.16	1.8	2.02	1.14	1.8
ROE(%)	30.68	32.34	16.57	18.12	15.1	12.56	8.52	6.87	7.64	4.3	6.5
ROCE(%)	18.47	20.77	19.17	21.17	18.62	17.9	16.99	15.43	12.85	11.06	12.42
Receivable days	122.36	129.63	127.5	111.11	111.61	120.26	109.12	122.95	138.9	133.07	110.15
Inventory Days	44.27	46.85	55.63	49.71	45.09	58.8	67.62	80.28	91.28	98.61	92.65
Payable days	88.56	97.49	112.43	97.69	86.01	92.12	96.12	113.98	112.36	102.12	80.4
PER(x)	57.66	58.68	27.36	56.44	27.35	10.52	8.15	4.02	6.37	13.57	7.55
Price/Book(x)	15.93	16.73	3.67	9.17	3.63	1.25	0.67	0.27	0.47	0.57	0.48
Dividend Yield(%)	0.51	0.39	0	0.15	0.29	0.76	1.32	3.11	1.66	1.32	1.49
EV/Net Sales(x)	1.57	1.81	0.73	1.43	0.75	0.45	0.3	0.31	0.44	0.46	0.39
EV/Core EBITDA(x)	14.4	15.29	7.53	16.2	10.09	5.55	3.99	3.92	5.64	6.41	5.43
Net Sales Growth(%)	10.26	8.41	7.15	20.92	14.97	-0.95	7.99	-9.54	-6.32	6.08	16.01
EBIT Growth(%)	51.08	19	-11.42	8.5	-3.6	9.34	-1.08	-6.82	-5.68	-6.1	15.95
PAT Growth(%)	204.07	31.13	-25.22	48.75	5.72	0.37	-25.68	-14.11	18.28	-40.89	58.34
EPS Growth(%)	201.02	30.34	-24.01	45.59	7.09	0.38	-25.68	-14.11	18.28	-40.89	58.34
Debt/Equity(x)	5.57	4.43	1.95	1.67	1.49	1.58	1.26	1.38	1.56	1.57	1.5
Current Ratio(x)	1.18	1.22	1.23	1.28	1.27	1.28	1.27	1.32	1.37	1.42	1.39
Quick Ratio(x)	0.95	0.96	0.9	0.98	0.95	0.87	0.82	0.86	0.89	0.84	0.8
Interest Cover(x)	1.46	1.47	1.37	1.58	1.61	1.63	1.5	1.39	1.25	1.27	1.43
Total Debt/Mcap(x)	0.39	0.29	0.6	0.2	0.41	1.26	1.88	5.15	3.31	2.75	3.13

Signet Industries Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	72.57	72.57	72.57	72.57	72.57	72.57	72.57	72.57	72.57	72.57
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	27.43	27.43	27.43	27.43	27.43	27.43	27.43	27.43	27.43	27.43
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	2.14	2.14	2.14	2.14	2.14	2.14	2.14	2.14	2.14	2.14
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	0.81	0.81	0.81	0.81	0.81	0.81	0.81	0.81	0.81	0.81
Others	0	0	0	0	0	0	0	0	0	0
Total	2.94	2.94	2.94	2.94	2.94	2.94	2.94	2.94	2.94	2.94

Pros

Debtor days have improved from 102.12 to 80.4days.
Company has reduced debt.

Cons

Company has a low return on equity of 6% over the last 3 years.
The company has delivered a poor profit growth of -6% 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.

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Signet Industries

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Signet Industries Research see more...

Overview Inc. Year: 1985Industry: Trading

Signet Industries Share Price

Alert Data

Quarterly Price

Peer Comparison

Signet Industries Quarterly Results

Signet Industries Profit & Loss

Growth Rates

Signet Industries Balance Sheet

Signet Industries Cash Flow

Signet Industries Ratios

Signet Industries Shareholding Pattern

Signet Industries News

Top Unlisted Companies & InstaBuy Companies

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