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SMIFS Capital

₹61 0 | 0%

Market Cap ₹34 Cr.

Stock P/E 17.9

P/B 0.3

Current Price ₹61

Book Value ₹ 223.4

Face Value 10

52W High ₹87

Dividend Yield 0%

52W Low ₹ 35.1

SMIFS Capital Research see more...

Overview Inc. Year: 1983Industry: Finance - Investment

SMIFS Capital Share Price

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SMIFS Capital 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 10 26 18 13 17 15 11 12 3 212
Other Income 1 1 2 1 1 2 1 1 1 3
Total Income 11 27 20 14 17 17 12 13 4 215
Total Expenditure 11 27 18 14 17 16 12 13 4 213
Operating Profit 0 1 2 0 0 0 0 0 0 2
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 0 0
Profit Before Tax 0 0 2 -0 0 0 0 0 0 2
Provision for Tax -0 0 0 -0 -0 0 -0 0 0 1
Profit After Tax 0 0 1 0 0 -0 0 0 0 2
Adjustments 0 0 0 0 0 0 0 0 0 -0
Profit After Adjustments 0 0 1 0 0 -0 0 0 0 2
Adjusted Earnings Per Share 0.4 0.5 2.4 0.3 0.3 -0.1 0.3 0.1 0.2 2.8

SMIFS Capital 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 31 37 34 40 41 51 44 45 69 67 53 238
Other Income 1 0 0 0 5 3 5 4 5 5 5 6
Total Income 32 37 34 40 46 53 49 49 74 72 58 244
Total Expenditure 30 37 33 39 45 52 48 48 70 69 57 242
Operating Profit 2 1 1 1 1 2 1 1 4 2 1 2
Interest 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 1 1 1 1 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 1 0 1 1 1 1 1 0 3 2 1 2
Provision for Tax 0 0 0 0 0 -2 0 0 3 0 0 1
Profit After Tax 1 0 1 1 1 2 0 0 0 2 1 2
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 1 0 1 1 1 2 0 0 0 2 1 2
Adjusted Earnings Per Share 1.8 0.1 1.5 1.5 1.3 4.4 0.9 0.1 0.5 3.6 0.9 3.4

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -21% 6% 1% 6%
Operating Profit CAGR -50% 0% -13% -7%
PAT CAGR -50% 0% -13% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 41% 20% 10% 6%
ROE Average 0% 1% 1% 1%
ROCE Average 1% 2% 1% 1%

SMIFS Capital 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 106 105 105 105 105 111 109 102 104 115 117
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities -4 -4 -4 -4 -0 -3 -3 -3 -1 2 2
Total Current Liabilities 4 2 1 2 1 1 1 2 2 5 1
Total Liabilities 106 103 102 102 106 109 108 101 105 123 120
Fixed Assets 10 9 8 8 8 7 7 6 5 4 3
Other Non-Current Assets 67 71 74 83 46 48 97 91 96 110 111
Total Current Assets 29 23 20 11 52 54 4 4 4 10 5
Total Assets 106 103 102 102 106 109 108 101 105 123 120

SMIFS Capital 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 2 4 2 3 1 16 1 1 0 1 5
Cash Flow from Operating Activities -8 2 -0 7 17 -19 -9 -3 45 -4 -7
Cash Flow from Investing Activities 11 -3 2 -7 -3 5 9 3 -45 8 3
Cash Flow from Financing Activities -1 -1 -1 -1 -0 -0 -1 -0 -0 -0 -0
Net Cash Inflow / Outflow 2 -2 1 -1 14 -14 -1 -0 1 4 -4
Closing Cash & Cash Equivalent 4 2 3 2 16 1 1 0 1 5 1

SMIFS Capital 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) 1.76 0.1 1.54 1.52 1.31 4.45 0.85 0.13 0.5 3.62 0.91
CEPS(Rs) 2.41 0.72 2.23 2.06 2.38 5.64 1.97 1.13 1.29 4.26 1.43
DPS(Rs) 1.4 1 1 0.75 1 1 0 0 0 0 0
Book NAV/Share(Rs) 177.18 176.11 176.29 176.91 188.67 198.41 195.4 181.9 185.99 206.59 209.67
Core EBITDA Margin(%) 2.44 0.7 3.58 3.36 -9.05 -2.31 -7.34 -7.46 -1.78 -3.31 -6.71
EBIT Margin(%) 4.4 0.92 2.73 2.77 2.05 1.67 1.57 0.42 4.67 3.11 1.37
Pre Tax Margin(%) 4.28 0.84 2.64 2.73 2 1.52 1.48 0.34 4.64 3.1 1.37
PAT Margin (%) 3.16 0.15 2.51 2.12 1.77 4.89 1.07 0.16 0.41 3.01 0.96
Cash Profit Margin (%) 4.34 1.08 3.65 2.86 3.23 6.21 2.48 1.41 1.05 3.54 1.51
ROA(%) 0.94 0.05 0.84 0.84 0.7 2.31 0.44 0.07 0.27 1.78 0.42
ROE(%) 1.12 0.06 0.87 0.86 0.72 2.3 0.43 0.07 0.27 1.84 0.44
ROCE(%) 1.54 0.34 0.95 1.13 0.83 0.78 0.63 0.18 3.11 1.91 0.63
Receivable days 13.73 34.68 39.23 28.81 21.16 3.32 0.53 0.69 0.9 1.6 1.67
Inventory Days 274.13 152.97 119.38 62.69 15.61 0.61 0.38 0.24 0.13 0.14 0.17
Payable days 3.32 0.86 0 0 0 0 0 0 2.38 13.47 15.64
PER(x) 24.57 231.45 14.83 18.37 34.41 12.77 45.87 160.31 87.51 11.31 42.44
Price/Book(x) 0.24 0.13 0.13 0.16 0.24 0.29 0.2 0.12 0.24 0.2 0.19
Dividend Yield(%) 3.24 4.27 4.39 2.68 2.22 1.76 0 0 0 0 0
EV/Net Sales(x) 0.67 0.31 0.3 0.34 0.24 0.61 0.49 0.26 0.35 0.27 0.4
EV/Core EBITDA(x) 11.94 16.77 7.68 9.68 6.8 20.39 16.38 15.58 6.52 7.27 20.66
Net Sales Growth(%) 9.63 19.19 -7.39 17.2 2.66 23.35 -12.66 1.4 52.59 -2.06 -21.17
EBIT Growth(%) -74.47 -75.13 175.97 18.69 -24.03 0.51 -18.01 -72.85 1596.92 -34.66 -65.21
PAT Growth(%) -75.33 -94.25 1421.5 -0.86 -14.21 240.09 -80.88 -84.6 282.51 622.87 -74.77
EPS Growth(%) -75.33 -94.24 1420.92 -0.86 -14.2 240.09 -80.88 -84.59 283.82 620.27 -74.76
Debt/Equity(x) 0 0 0 0 0 0 0 0 0 0 0
Current Ratio(x) 7.58 10.1 13.92 7.48 62.4 65.58 3.48 1.74 2.12 1.81 6.04
Quick Ratio(x) 2.69 4.92 6.62 5.24 62.27 65.51 3.45 1.73 2.1 1.81 6.01
Interest Cover(x) 38.73 11.18 30.57 65.47 38.6 11 18.1 5.46 141.8 215.86 520.29
Total Debt/Mcap(x) 0.02 0.02 0.01 0 0.01 0.02 0.02 0.03 0.01 0 0

SMIFS Capital Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 45.37 45.37 45.37 45.37 45.37 45.37 45.37 45.37 45.37 50.21
FII 9.85 9.85 9.85 9.85 9.85 9.85 9.85 9.85 9.85 5.01
DII 0 0 0 0 0 0 0 0 0 0
Public 44.78 44.78 44.78 44.78 44.78 44.78 44.78 44.78 44.78 44.78
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Stock is trading at 0.3 times its book value
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 1% over the last 3 years.
  • Debtor days have increased from 13.47 to 15.64days.
  • The company has delivered a poor profit growth of -12% 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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