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Last Updated on: 19 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Sakuma Exports Ltd

Basic Stock Data

Last Updated: June 17, 2024, 8:15 pm

Market Cap 1,067 Cr.
Current Price 34.0
High / Low37.6/13.1
Stock P/E26.7
Book Value 15.4
Dividend Yield0.15 %
ROCE10.0 %
ROE8.93 %
Face Value 1.00
PEG Ratio7.09

Competitors of Sakuma Exports Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Cravatex Ltd 104 Cr. 402686/35121.5 3820.75 %6.87 %5.06 % 10.0
Chandrima Mercantiles Ltd 3.37 Cr. 15.315.3/5.701.98 2160.00 %6.15 %7.18 % 10.0
Chambal Breweries & Distilleries Ltd 7.12 Cr. 9.5014.8/2.62 1.600.00 %8.62 %8.62 % 10.0
AA Plus Tradelink Ltd 40.7 Cr. 16.726.6/9.1176.7 5.490.00 %4.90 %4.10 % 10.0
Zenith Exports Ltd 161 Cr. 298305/95.7537 1490.00 %1.78 %0.38 % 10.0
Industry Average9,090.64 Cr226.0745.1491.500.14%14.62%9.82%8.70

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales4706133886661,1861,0263308111,006483362779501
Expenses4686073856561,1731,014327801993479359769481
Operating Profit26310131331013421020
OPM %1%1%1%2%1%1%1%1%1%1%1%1%4%
Other Income322-2512234309
Interest1101221231111
Depreciation1000000000000
Profit before tax47571611591364928
Tax %25%21%36%13%16%30%30%25%20%24%32%26%7%
Net Profit3536138371053626
EPS in Rs0.100.170.100.190.420.260.100.230.320.150.090.210.83

Last Updated: June 9, 2024, 7:15 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: May 27, 2024, 6:02 am

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales9788121,5781,7993,1313,9154,5464,3632,5461,3282,8533,1732,630
Expenses9658021,5541,7823,0803,8654,4804,2722,5281,3122,8213,1342,601
Operating Profit13102517515065911816333929
OPM %1%1%2%1%2%1%1%2%1%1%1%1%1%
Other Income44310-112117105779
Interest6463121617925475
Depreciation1111110112211
Profit before tax1192124374559882414343832
Tax %31%22%16%16%14%19%16%21%25%21%19%25%
Net Profit871820323649701811272824
EPS in Rs0.330.290.740.891.471.651.722.450.640.350.880.910.77
Dividend Payout %22%26%10%8%5%5%4%3%0%11%4%4%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-12.50%157.14%11.11%60.00%12.50%36.11%42.86%-74.29%-38.89%145.45%3.70%
Change in YoY Net Profit Growth (%)0.00%169.64%-146.03%48.89%-47.50%23.61%6.75%-117.14%35.40%184.34%-141.75%

Growth

Compounded Sales Growth
10 Years:3%
5 Years:-13%
3 Years:17%
TTM:-33%
Compounded Profit Growth
10 Years:9%
5 Years:-10%
3 Years:58%
TTM:58%
Stock Price CAGR
10 Years:27%
5 Years:15%
3 Years:53%
1 Year:139%
Return on Equity
10 Years:12%
5 Years:6%
3 Years:8%
Last Year:9%

Last Updated: June 17, 2024, 2:45 pm

Sakuma Exports Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital16161616161621212123232323
Reserves43516980109134221286310326357389427
Borrowings6419103128136131462545861713
Other Liabilities531038530450663151161179376203142591
Total Liabilities1761892735307689127989431,1274306695711,055
Fixed Assets5443332275533
CWIP0000000000000
Investments00000000561003135
Other Assets1711852705267659107969411,065415664565917
Total Assets1761892735307689127989431,1274306695711,055

Reserves and Borrowings Chart

Sakuma Exports Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -4653-68-641861286-77-5791
Cash from Investing Activity -01122512-5747-151
Cash from Financing Activity 18-508218-3-17-52-32-26776-77
Net Cash Flow-27415143-1136-183-22315

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow13.00-9.00-78.00-111.00-85.00-81.0019.0066.0014.0011.00-53.0022.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days1146368467704368132745636
Inventory Days4133128891235151214
Days Payable647186351533847979105
Cash Conversion Cycle463130282326172440805745
Working Capital Days423337372624192533985846
ROCE %12%19%13%23%22%27%31%8%5%9%9%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters61.88%61.88%61.88%61.88%61.88%61.88%61.87%61.87%61.87%61.87%61.87%61.87%
FIIs0.00%0.00%0.00%0.02%0.00%0.16%0.05%0.17%0.18%0.03%0.00%0.03%
Government0.00%0.00%0.00%0.00%0.02%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public38.12%38.12%38.12%38.10%38.10%37.96%38.08%37.95%37.95%38.09%38.12%38.10%
No. of Shareholders24,60628,23428,34730,53134,25937,31237,36338,82339,32940,69146,50344,387

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)1.701.221.180.510.86
Diluted EPS (Rs.)1.701.221.180.510.86
Cash EPS (Rs.)1.751.271.250.570.91
Book Value[Excl.RevalReserv]/Share (Rs.)20.5817.5916.2114.8915.53
Book Value[Incl.RevalReserv]/Share (Rs.)20.5817.5916.2114.8915.53
Revenue From Operations / Share (Rs.)90.58135.28121.6556.63119.39
PBDIT / Share (Rs.)2.221.971.690.901.32
PBIT / Share (Rs.)2.171.911.610.801.26
PBT / Share (Rs.)2.001.621.450.591.15
Net Profit / Share (Rs.)1.701.211.170.470.85
NP After MI And SOA / Share (Rs.)1.701.211.170.470.85
PBDIT Margin (%)2.441.451.381.591.10
PBIT Margin (%)2.391.411.311.411.05
PBT Margin (%)2.201.191.181.050.96
Net Profit Margin (%)1.880.890.960.830.71
NP After MI And SOA Margin (%)1.880.890.960.830.71
Return on Networth / Equity (%)8.286.897.213.155.52
Return on Capital Employeed (%)10.3910.009.225.007.48
Return On Assets (%)5.914.974.102.561.62
Long Term Debt / Equity (X)0.000.000.000.010.01
Total Debt / Equity (X)0.200.040.220.010.01
Asset Turnover Ratio (%)3.415.115.331.471.57
Current Ratio (X)3.424.372.447.801.46
Quick Ratio (X)2.783.462.136.941.41
Dividend Payout Ratio (NP) (%)0.004.124.2719.3311.66
Dividend Payout Ratio (CP) (%)0.003.923.9915.8610.87
Earning Retention Ratio (%)0.0095.8895.7380.6788.34
Cash Earning Retention Ratio (%)0.0096.0896.0184.1489.13
Interest Coverage Ratio (X)13.076.8310.654.4711.65
Interest Coverage Ratio (Post Tax) (X)11.065.208.393.328.56
Enterprise Value (Cr.)662.85231.17351.99111.3912.09
EV / Net Operating Revenue (X)0.310.070.120.080.00
EV / EBITDA (X)12.755.008.905.250.42
MarketCap / Net Operating Revenue (X)0.270.070.090.080.02
Retention Ratios (%)0.0095.8795.7280.6688.33
Price / BV (X)1.220.570.720.320.21
Price / Net Operating Revenue (X)0.270.070.090.080.02
EarningsYield0.060.110.090.090.25

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 36.77

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 8.16% compared to the current price 34

Intrinsic Value: 38.16

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 12.23% compared to the current price ₹34

Last 5 Year EPS CAGR: 3.77%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (232.58 cr) compared to borrowings (66.58 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (139.69 cr) and profit (33.54 cr) over the years.
  1. The stock has a low average ROCE of 14.83%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 39.83, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 37.25, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Sakuma Exports Ltd:
    1. Net Profit Margin: 1.88%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 10.39% (Industry Average ROCE: %)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 8.28% (Industry Average ROE: %)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 11.06
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 2.78
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. ✗ Stock P/E: 26.7 (Industry average Stock P/E: )
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.20
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company

Sakuma Exports Ltd. is a Public Limited Listed company incorporated on 31/08/2005 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L51909MH2005PLC155765 and registration number is 155765. Currently Company is involved in the business activities of Whole sale of other agriculture raw materials. Company’s Total Operating Revenue is Rs. 2531.65 Cr. and Equity Capital is Rs. 23.46 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Trading & DistributorsAurus Chamber, A 301, Near Mahindra Tower, Mumbai Maharashtra 400013companysecretary@sakumaexportsltd.com
http://www.sakumaexportsltd.com
Management
NamePosition Held
Mr. Saurabh MalhotraChairman & Managing Director
Mr. Vivek GroverNon Executive Director
Ms. Shipra MalhotraNon Executive Director
Mr. Om Parkash SingalIndependent Director
Mr. Amit AmistIndependent Director
Mr. Radhe ShyamIndependent Director

FAQ

What is the latest fair value of Sakuma Exports Ltd?

The latest fair value of Sakuma Exports Ltd is ₹36.77.

What is the Market Cap of Sakuma Exports Ltd?

The Market Cap of Sakuma Exports Ltd is 1,067 Cr..

What is the current Stock Price of Sakuma Exports Ltd as on 18 June 2024?

The current stock price of Sakuma Exports Ltd as on 18 June 2024 is ₹34.0.

What is the High / Low of Sakuma Exports Ltd stocks in FY 2024?

In FY 2024, the High / Low of Sakuma Exports Ltd stocks is 37.6/13.1.

What is the Stock P/E of Sakuma Exports Ltd?

The Stock P/E of Sakuma Exports Ltd is 26.7.

What is the Book Value of Sakuma Exports Ltd?

The Book Value of Sakuma Exports Ltd is 15.4.

What is the Dividend Yield of Sakuma Exports Ltd?

The Dividend Yield of Sakuma Exports Ltd is 0.15 %.

What is the ROCE of Sakuma Exports Ltd?

The ROCE of Sakuma Exports Ltd is 10.0 %.

What is the ROE of Sakuma Exports Ltd?

The ROE of Sakuma Exports Ltd is 8.93 %.

What is the Face Value of Sakuma Exports Ltd?

The Face Value of Sakuma Exports Ltd is 1.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Sakuma Exports Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE