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Sika Interplant Sys

₹2414.9 25.5 | 1.1%

Market Cap ₹1024 Cr.

Stock P/E 66.6

P/B 10.6

Current Price ₹2414.9

Book Value ₹ 228.7

Face Value 10

52W High ₹2504

Dividend Yield 0.17%

52W Low ₹ 526

Sika Interplant Sys Research see more...

Overview Inc. Year: 1985Industry: Engineering - Industrial Equipments

Sika Interplant Systems Ltd (Sika) is a holding company. The Company is frequently engaged inside the business of producing and rendering services in engineering products, tasks and designs. The Company offers engineering merchandise for aerospace and defense. The Company's Engineered Projects & Systems institution gives Design, Development, Precision Manufacturing, Assembly, Certification, Supply and Integration of Systems, and implementation of Projects. The Company's Products & Systems organization gives technology Products and Systems for Aerospace, Space, Marine and Land applications. The Company's products consist of Airborne and Ship borne Handling Systems, Underwater Systems, Air Transport Rack (ATR)/Electronic Units, Clean Energy Systems, Special system for Automotive industry, Drives, Amplifiers, Controllers, Feedback Sensors, Tachometers, Resolvers, Potentiometers, Pedestals, Tracking Systems, Quick Disconnecting Couplings, Air Intake particle separators and Test Systems.

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Sika Interplant Sys Share Price

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Quarterly Price

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Sika Interplant Sys Quarterly Results

#(Fig in Cr.) Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 36 16 20 13 13 15 19 25 18 26
Other Income 1 1 1 1 1 1 1 1 2 1
Total Income 37 17 21 14 14 15 20 26 20 27
Total Expenditure 29 14 15 11 11 12 16 21 14 21
Operating Profit 8 3 6 3 3 3 3 5 6 7
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 1 0
Profit Before Tax 8 3 6 3 3 3 3 5 7 6
Provision for Tax 1 1 2 1 1 1 1 1 2 2
Profit After Tax 7 2 4 2 2 2 2 4 5 5
Adjustments 0 0 -0 0 0 0 0 0 0 0
Profit After Adjustments 7 2 4 2 2 2 2 4 5 5
Adjusted Earnings Per Share 16.5 5.3 10.2 5.2 5 5.2 4.8 8.4 11.8 11.2

Sika Interplant Sys 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 7 22 30 42 34 22 46 63 80 98 60 88
Other Income 0 1 1 1 1 1 1 1 3 3 3 5
Total Income 8 23 31 42 36 23 47 64 82 102 63 93
Total Expenditure 6 20 28 39 32 20 39 54 64 78 50 72
Operating Profit 2 3 3 4 4 3 7 10 18 24 13 21
Interest 0 0 0 0 0 0 0 1 1 1 1 0
Depreciation 0 0 1 0 1 1 1 1 1 1 1 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 1
Profit Before Tax 1 2 2 3 3 2 6 9 16 22 12 21
Provision for Tax 0 1 1 1 1 0 2 2 4 6 3 6
Profit After Tax 1 1 2 2 2 1 4 7 12 17 9 16
Adjustments -0 -0 -0 0 -0 0 0 -0 0 -1 0 0
Profit After Adjustments 1 1 2 2 2 1 4 7 12 15 9 16
Adjusted Earnings Per Share 1.6 3.2 3.8 4.1 4.7 3.5 10.1 16.6 28 36.4 21.3 36.2

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -39% -2% 22% 24%
Operating Profit CAGR -46% 9% 34% 21%
PAT CAGR -47% 9% 55% 25%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 326% 103% 75% 50%
ROE Average 11% 18% 16% 9%
ROCE Average 16% 25% 22% 13%

Sika Interplant Sys 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 37 38 39 40 42 43 46 53 64 78 85
Minority's Interest 0 0 0 1 1 1 1 1 1 0 0
Borrowings 1 1 1 0 2 1 1 0 0 0 0
Other Non-Current Liabilities 0 0 0 1 1 1 2 1 2 3 3
Total Current Liabilities 6 5 4 14 4 4 14 15 14 16 15
Total Liabilities 44 44 44 55 50 50 64 70 81 98 103
Fixed Assets 29 34 34 35 37 37 37 37 37 36 36
Other Non-Current Assets 5 0 1 3 6 6 9 19 2 10 20
Total Current Assets 10 9 9 18 7 8 18 14 42 53 48
Total Assets 44 44 44 55 50 50 64 70 81 98 103

Sika Interplant Sys 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 3 4 2 -0 0 -1 2 2 1 1
Cash Flow from Operating Activities 2 0 1 3 5 1 7 11 8 16 -3
Cash Flow from Investing Activities -0 -0 -1 -3 -5 0 -4 -10 -8 -14 5
Cash Flow from Financing Activities -1 -0 -1 -0 1 -2 -1 -1 -1 -2 -2
Net Cash Inflow / Outflow 1 0 -2 1 0 -1 2 0 -1 0 -0
Closing Cash & Cash Equivalent 3 4 2 3 -0 -1 2 2 1 1 1

Sika Interplant Sys 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) 1.64 3.17 3.79 4.1 4.73 3.49 10.07 16.65 28.04 36.45 21.33
CEPS(Rs) 2.29 4.02 5.02 5.06 6.11 5.23 11.74 18.51 29.93 40.99 22.57
DPS(Rs) 0.6 0.8 0.8 0.8 0.8 0.8 0.8 1.1 4 4 4
Book NAV/Share(Rs) 86.78 89.01 91.41 94.61 99.85 102.46 109.66 124.29 151.48 183.93 201.26
Core EBITDA Margin(%) 16.52 10.33 7.54 7.04 7.78 9.64 13.52 14.35 19.19 20.65 17.36
EBIT Margin(%) 17.8 11.53 8.62 7.3 9.96 10.16 13.93 15.37 21.3 23.24 21.12
Pre Tax Margin(%) 13.2 9.37 7.86 6.22 8.93 8.75 12.95 14.57 19.74 22.61 20.25
PAT Margin (%) 9.44 6.17 5.36 3.97 5.87 6.64 9.22 11.15 14.86 16.8 14.65
Cash Profit Margin (%) 13.1 7.78 7.08 5.16 7.58 9.94 10.93 12.51 15.92 17.66 15.94
ROA(%) 1.53 3.06 3.68 3.32 3.8 2.95 7.36 10.46 15.74 18.51 8.72
ROE(%) 1.91 3.62 4.22 4.17 4.88 3.45 9.34 14.12 20.26 23.26 10.76
ROCE(%) 3.33 6.3 6.29 7.18 7.84 5.02 13.51 19.1 28.85 32.12 15.51
Receivable days 163.89 56.99 35.39 54.21 64.4 36.6 52.75 33.84 16.06 22.62 58.71
Inventory Days 107.5 36.67 17.03 10.63 12.8 26.14 18.99 28.12 22.41 18.38 50.39
Payable days 152.66 25.69 14.17 52.33 73.52 30.47 40.97 35.66 29.15 36.76 78.14
PER(x) 13.2 11.4 36.99 29.39 47.57 41.56 15.09 8.1 10.35 17.19 25.89
Price/Book(x) 0.25 0.41 1.53 1.27 2.25 1.42 1.39 1.08 1.92 3.41 2.74
Dividend Yield(%) 2.78 2.21 0.57 0.66 0.36 0.55 0.53 0.82 1.38 0.64 0.72
EV/Net Sales(x) 1.1 0.68 1.91 1.16 2.73 2.77 1.35 0.85 1.18 2.32 3.5
EV/Core EBITDA(x) 5.1 5.18 18.43 13.63 23.37 20.58 8.64 5.08 5.26 9.61 15.63
Net Sales Growth(%) -37.86 195.83 37.32 38.07 -17.59 -34.84 104.29 37.82 27.01 23.48 -39.04
EBIT Growth(%) -42.59 91.56 2.75 16.83 12.52 -33.54 179.97 52.09 76 34.75 -44.62
PAT Growth(%) -45.41 93.23 19.43 2.12 22.07 -26.4 183.83 66.74 69.17 39.64 -46.86
EPS Growth(%) -45.4 93.79 19.48 8.25 15.42 -26.28 188.64 65.29 68.47 29.97 -41.48
Debt/Equity(x) 0.07 0.08 0.07 0.07 0.04 0.06 0.03 0.01 0 0 0
Current Ratio(x) 1.66 2.04 2.16 1.32 1.67 1.89 1.24 0.91 3.01 3.26 3.2
Quick Ratio(x) 1.13 1.75 1.78 1.25 1.34 1.46 1.03 0.46 2.78 2.83 2.54
Interest Cover(x) 3.87 5.34 11.3 6.79 9.62 7.19 14.19 19.16 13.65 36.84 24.26
Total Debt/Mcap(x) 0.26 0.21 0.05 0.05 0.02 0.05 0.02 0.01 0 0 0

Sika Interplant Sys Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 71.72 71.72 71.72 71.72 71.72 71.72 71.72 71.72 71.72 71.72
FII 0.41 0.4 0.71 1.07 1.2 1.46 1.58 2.42 2.6 2.64
DII 0 0 0 0 0 0 0 0 0 0
Public 27.87 27.88 27.57 27.21 27.07 26.82 26.69 25.86 25.68 25.63
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 55% CAGR over last 5 years
  • Company is almost debt free.

Cons

  • Debtor days have increased from 36.76 to 78.14days.
  • Stock is trading at 10.6 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.

Sika Interplant Sys News

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