Sindhu Trade Links

₹22.3 -0.9 | 3.8%

WEBSITE BSE:532029 NSE : SINDHU TRADE 10 May, 16:01

Market Cap ₹3432 Cr.

Stock P/E 16.8

P/B 2.3

Current Price ₹22.3

Book Value ₹ 9.6

Face Value 1

52W High ₹45.2

Dividend Yield 0%

52W Low ₹ 17

Edit Ratio

Sindhu Trade Links Research see more...

Overview Inc. Year: 1992Industry: Finance - NBFC

Sindhu Trade Links Ltd engages in the logistics, trading of oil and lubricants, and investment and finance groups in India. The employer operates thru Transportation & Logistics; Oil, Lubricants, & Spares; Finance & Investment; and Power Generation segments. It engages inside the producing, harnessing, developing, collecting, dispensing, and supplying of energy; book of Hindi every day newspaper beneath the name Hari Bhoomi; operation of TV channel underneath the JANTA TV call; buying and selling of motors spare elements, heavy earthmoving device parts, lubricants, tires, tubes, and flaps; coal mining, logistics, and beneficiation; electricity generation and distribution; and provision of support offerings to media agencies. The company was formerly known as Bhandari Consultancy and Finance Ltd and changed its name to Sindhu Trade Links Ltd in June 2011. Sindhu Trade Links Ltd become incorporated in 1992 and is based in New Delhi, India.

Sindhu Trade Links Share Price

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Price

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Quarterly Price

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Peer Comparison

Sindhu Trade Links 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	198	281	735	246	242	308	381	427	397	416
Other Income	3	8	52	16	16	18	108	17	79	58
Total Income	201	290	787	261	258	326	489	444	476	474
Total Expenditure	179	205	743	220	235	320	352	350	377	350
Operating Profit	22	85	45	42	23	7	137	95	98	124
Interest	39	37	132	26	48	6	81	44	42	14
Depreciation	8	8	19	7	8	2	15	6	1	14
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	-25	40	-107	10	-33	-1	41	45	56	96
Provision for Tax	3	12	-6	5	-5	7	13	15	5	3
Profit After Tax	-28	28	-101	5	-28	-8	27	29	50	93
Adjustments	-0	-0	2	1	-3	-2	4	0	0	0
Profit After Adjustments	-28	28	-99	5	-31	-9	31	29	50	93
Adjusted Earnings Per Share	-0.2	0.2	-0.6	0	-0.2	-0.1	0.2	0.2	0.3	0.6

Sindhu Trade Links Profit & Loss

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2016	Mar 2017	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	680	960	967	1282	893	1017	1177	1621
Other Income	4	2	18	15	68	60	158	262
Total Income	684	963	985	1297	961	1077	1335	1883
Total Expenditure	622	899	819	1097	850	945	1125	1429
Operating Profit	62	64	166	200	111	132	209	454
Interest	15	26	62	95	155	170	161	181
Depreciation	11	13	29	30	36	28	31	36
Exceptional Income / Expenses	1	0	0	-0	14	0	0	0
Profit Before Tax	38	25	75	75	-67	-64	17	238
Provision for Tax	10	16	39	40	15	6	20	36
Profit After Tax	28	9	36	35	-82	-70	-3	199
Adjustments	1	10	6	10	57	51	4	4
Profit After Adjustments	29	19	41	45	-25	-20	0	203
Adjusted Earnings Per Share	0.2	0.1	0	0.3	-0.2	-0.1	0	1.3

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	16%	-3%	4%	0%
Operating Profit CAGR	58%	1%	27%	0%
PAT CAGR	0%	NAN%	NAN%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	1%	129%	40%	46%
ROE Average	-0%	-6%	2%	4%
ROCE Average	6%	5%	9%	10%

Sindhu Trade Links Balance Sheet

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2016	Mar 2017	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	184	199	286	347	1185	1191	1332
Minority's Interest	77	72	60	213	465	390	521
Borrowings	45	93	626	901	899	1295	883
Other Non-Current Liabilities	12	22	24	24	1134	901	1014
Total Current Liabilities	332	423	527	680	792	855	1241
Total Liabilities	650	809	1523	2166	4473	4631	4992
Fixed Assets	92	111	662	708	3153	3264	3457
Other Non-Current Assets	65	135	425	505	782	747	713
Total Current Assets	493	562	437	954	539	620	821
Total Assets	650	809	1523	2166	4473	4631	4992

Sindhu Trade Links Cash Flow

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2016	Mar 2017	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	23	68	19	21	27	24	17
Cash Flow from Operating Activities	52	-30	-237	-450	-51	175	-108
Cash Flow from Investing Activities	-102	-40	-24	182	12	-23	152
Cash Flow from Financing Activities	95	44	263	314	36	-159	-23
Net Cash Inflow / Outflow	45	-26	2	46	-3	-7	21
Closing Cash & Cash Equivalent	68	43	21	67	24	17	38

Sindhu Trade Links Ratios

#	Mar 2012	Mar 2013	Mar 2016	Mar 2017	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	0.19	0.12	0	0.29	-0.16	-0.13	0
CEPS(Rs)	0.25	0.14	0.42	0.42	-0.3	-0.28	0.18
DPS(Rs)	0	0	0	0	0	0	0
Book NAV/Share(Rs)	1.19	1.28	0	2.25	7.56	7.59	8.64
Core EBITDA Margin(%)	8.58	6.42	15.28	14.47	4.86	7.03	4.37
EBIT Margin(%)	7.77	5.32	14.11	13.26	9.88	10.45	15.14
Pre Tax Margin(%)	5.61	2.63	7.72	5.88	-7.51	-6.29	1.42
PAT Margin (%)	4.1	0.94	3.7	2.72	-9.2	-6.92	-0.3
Cash Profit Margin (%)	5.69	2.29	6.72	5.09	-5.11	-4.2	2.35
ROA(%)	4.29	1.23	3.07	1.89	-2.47	-1.55	-0.07
ROE(%)	15.23	4.72	14.82	11.06	-10.87	-6.03	-0.28
ROCE(%)	13.46	11.55	15.88	12.3	4.38	4.07	6.25
Receivable days	106.39	91.59	90.23	106.4	173.98	119.59	117.62
Inventory Days	13.84	10.81	13.67	18.78	26.67	15.44	16.47
Payable days	79.46	65.55	156.99	190.63	1614.76	774.74	920.5
PER(x)	5.72	0	0	2.76	0	0	6600
Price/Book(x)	0.91	0	0	0.36	0.27	4.76	1.99
Dividend Yield(%)	0	0	0	0	0	0	0
EV/Net Sales(x)	0.45	0.31	0.03	0.98	1.77	6.98	3.61
EV/Core EBITDA(x)	4.91	4.71	0.19	6.25	14.23	53.92	20.27
Net Sales Growth(%)	0	41.17	0.68	32.65	-30.36	13.85	15.72
EBIT Growth(%)	0	-3.34	167.16	24.69	-48.14	20.43	67.67
PAT Growth(%)	0	-67.77	298.76	-2.48	-335.16	14.3	95.05
EPS Growth(%)	0	-33.69	-100	0	-155.76	22.17	102.04
Debt/Equity(x)	1.14	1.48	0	3.45	1.12	1.32	1.23
Current Ratio(x)	1.48	1.33	0.83	1.4	0.68	0.73	0.66
Quick Ratio(x)	1.4	1.26	0.75	1.27	0.63	0.67	0.61
Interest Cover(x)	3.61	1.98	2.21	1.8	0.57	0.62	1.1
Total Debt/Mcap(x)	1.25	0	0	9.56	4.22	0.28	0.62

Sindhu Trade Links Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	74.97	74.97	74.97	74.97	74.97	74.97	74.97	74.97	74.97	74.97
FII	0.25	0.25	0.26	0.33	0.38	0.24	0.24	0.24	0.28	0.06
DII	0	0	0	0	0	0	0	0	0	0.02
Public	24.79	24.79	24.78	24.7	24.65	24.79	24.79	24.79	24.75	24.96
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	3.85	38.53	115.6	115.6	115.6	115.6	115.6	115.6	115.6	115.6
FII	0.01	0.13	0.39	0.52	0.59	0.37	0.37	0.37	0.43	0.09
DII	0	0	0	0	0	0	0	0	0	0.03
Public	1.27	12.74	38.2	38.08	38.01	38.23	38.23	38.23	38.17	38.48
Others	0	0	0	0	0	0	0	0	0	0
Total	5.14	51.4	154.19	154.19	154.19	154.19	154.19	154.19	154.19	154.19

Pros

Company has reduced debt.

Cons

Company has a low return on equity of -6% over the last 3 years.
Debtor days have increased from 774.74 to 920.5days.

* 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.