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Sprayking

₹43 -0.8 | 1.8%

Market Cap ₹227 Cr.

Stock P/E 27.0

P/B 8.6

Current Price ₹43

Book Value ₹ 5

Face Value 2

52W High ₹60

Dividend Yield 0%

52W Low ₹ 23.2

Sprayking Research see more...

Overview Inc. Year: 2005Industry: Engineering - Industrial Equipments

Sprayking Agro Equipment Ltd is a reputable and innovative agricultural machinery company that specializes in manufacturing and distributing cutting-edge spraying equipment for farmers and agricultural professionals worldwide. With a steadfast commitment to quality and efficiency, the company offers a diverse range of products, including precision sprayers, boom sprayers, and knapsack sprayers, designed to enhance crop protection and yield optimization. With a proven track record of excellence and customer satisfaction, Sprayking Agro Equipment Ltd continues to be a trusted partner in the agriculture industry, contributing significantly to sustainable farming practices and promoting environmental stewardship. Their dedication to research and development ensures that farmers have access to advanced solutions that maximize productivity while minimizing resource consumption.

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Sprayking Share Price

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Volume
Price

Quarterly Price

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Sprayking Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

Sprayking 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 11 16 14 15 18 23 29 26 19 16 19
Other Income 0 0 0 0 1 1 0 1 2 0 0
Total Income 11 16 14 15 18 24 29 26 21 16 19
Total Expenditure 11 15 13 14 17 23 28 25 19 16 17
Operating Profit 1 1 1 1 1 1 1 1 1 0 3
Interest 0 0 1 1 1 1 1 1 0 0 0
Depreciation 0 0 1 1 1 1 1 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 0 0 0 0 0 0 0 0 1 0 2
Provision for Tax 0 0 0 0 0 0 0 0 0 0 1
Profit After Tax 0 0 0 0 0 0 0 0 1 0 2
Adjustments 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 0 0 0 0 0 0 0 0 1 0 2
Adjusted Earnings Per Share 0.1 0.2 0.1 0 0 0 0.1 0 0.2 0.1 0.3

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 19% -10% -4% 6%
Operating Profit CAGR 0% 44% 25% 12%
PAT CAGR 0% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 85% 174% 82% NA%
ROE Average 10% 7% 5% 3%
ROCE Average 14% 10% 8% 7%

Sprayking 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 2 2 2 6 8 8 8 8 9 9 25
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 4 5 6 4 2 1 1 1 0 0 0
Other Non-Current Liabilities 0 0 0 0 0 -0 -0 -0 -0 -0 -0
Total Current Liabilities 3 6 4 4 7 7 6 5 1 3 2
Total Liabilities 8 13 13 14 17 17 15 14 10 12 27
Fixed Assets 3 4 3 4 3 3 3 2 0 0 1
Other Non-Current Assets 0 0 0 0 0 0 0 0 0 0 0
Total Current Assets 6 9 9 10 13 13 12 11 10 11 26
Total Assets 8 13 13 14 17 17 15 14 10 12 27

Sprayking 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 0 0 0 0 0 0 0 0 0 0
Cash Flow from Operating Activities -1 -2 0 -1 1 -0 1 2 1 1 -3
Cash Flow from Investing Activities -0 -2 -0 -1 -1 -0 0 0 4 -0 -13
Cash Flow from Financing Activities 1 3 -0 2 -1 0 -1 -2 -4 -0 15
Net Cash Inflow / Outflow -0 0 -0 0 -0 -0 0 0 -0 0 -0
Closing Cash & Cash Equivalent 0 0 0 0 0 0 0 0 0 0 0

Sprayking 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) 0.08 0.22 0.11 0.03 0.03 0.04 0.05 0.01 0.23 0.13 0.32
CEPS(Rs) 1.24 1.5 2.55 0.38 0.28 0.27 0.25 0.18 0.3 0.14 0.34
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 5.7 5.92 6.03 3.07 2.81 2.9 2.99 3.04 3.31 3.44 4.68
Core EBITDA Margin(%) 4.52 4.55 7.34 6.62 4.54 3.23 3.36 0.74 -2.47 3.06 13.12
EBIT Margin(%) 2.08 3.13 3.97 3.76 3.98 3.28 2.96 2.33 6.87 2.97 12.57
Pre Tax Margin(%) 0.31 0.62 0.36 0.49 0.61 0.63 0.67 0.17 4.71 2.94 12.01
PAT Margin (%) 0.21 0.42 0.25 0.34 0.43 0.49 0.47 0.11 3.34 2.17 8.8
Cash Profit Margin (%) 3.51 2.9 5.62 4.56 3.85 3.02 2.27 1.85 4.22 2.29 9.37
ROA(%) 0.29 0.64 0.28 0.4 0.52 0.7 0.84 0.2 5.32 3.23 8.8
ROE(%) 1.33 3.78 1.89 1.38 1.23 1.54 1.71 0.36 7.39 3.88 10.04
ROCE(%) 4.17 6 5.18 4.75 5.57 5.74 6.04 4.37 11.53 5.21 13.82
Receivable days 24.19 13.31 7.57 12.25 42.1 57.02 42.12 43.33 114.4 201.61 174.7
Inventory Days 102.13 112.88 172.78 152.77 128.13 111.91 101.45 105.86 65.12 2.95 34.89
Payable days 81.82 33.07 9.36 6.18 9.24 18.25 14.78 4.88 4.37 35.08 30.27
PER(x) 0 0 0 0 91.79 72.49 45.59 144.93 11.1 23.7 44.11
Price/Book(x) 0 0 0 0 1.01 1.1 0.77 0.52 0.79 0.9 3.03
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.44 0.56 0.69 0.66 0.75 0.62 0.44 0.36 0.39 0.49 3.95
EV/Core EBITDA(x) 8.24 9.96 7.28 7.86 9.43 10.58 9.16 8.83 5.01 15.82 30.03
Net Sales Growth(%) -30.02 44.74 -13.3 7.66 16.47 31.97 23.02 -10.47 -27.45 -14.04 20.88
EBIT Growth(%) -50.66 120.33 11.18 4.53 26.29 2.96 9.32 -29.43 113.8 -62.88 412.14
PAT Growth(%) -87.84 190.79 -48.49 48.89 53.7 42.36 14.54 -78.29 2038.76 -44.1 390.25
EPS Growth(%) -87.84 190.79 -48.49 -75.23 10.67 42.38 14.55 -78.29 2038.77 -44.1 145.32
Debt/Equity(x) 2.55 4.7 4.93 1.36 0.78 0.79 0.81 0.63 0.04 0 0.05
Current Ratio(x) 1.85 1.58 2.15 2.52 1.9 1.76 1.91 2.2 9.02 4.36 12.35
Quick Ratio(x) 0.72 0.4 0.49 0.98 0.88 0.7 0.57 0.88 8.96 4.29 10.7
Interest Cover(x) 1.18 1.25 1.1 1.15 1.18 1.24 1.29 1.08 3.18 124.84 22.48
Total Debt/Mcap(x) 0 0 0 0 0.77 0.72 1.05 1.2 0.05 0 0.02

Sprayking Shareholding Pattern

# Mar 2021 Sep 2021 Mar 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 72.77 72.77 72.77 72.77 36.41 36.41 36.41 36.41 36.41 36.41
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 27.23 27.23 27.23 27.23 63.59 63.59 63.59 63.59 63.59 63.59
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Debtor days have improved from 35.08 to 30.27days.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 36.41%.
  • Company has a low return on equity of 7% over the last 3 years.
  • Stock is trading at 8.6 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.

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