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Last Updated on: 13 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Savita Oil Technologies Ltd

Basic Stock Data

Last Updated: June 12, 2024, 10:25 pm

Market Cap 3,545 Cr.
Current Price 513
High / Low615/278
Stock P/E17.4
Book Value 235
Dividend Yield0.78 %
ROCE19.8 %
ROE13.3 %
Face Value 2.00
PEG Ratio1.03

Competitors of Savita Oil Technologies Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Anupam Rasayan India Ltd 8,543 Cr. 7781,150/72066.4 2520.32 %9.04 %5.01 % 10.0
Omkar Speciality Chemicals Ltd 14.5 Cr. 7.0712.4/5.65 83.00.00 %10.5 %% 10.0
Chemcon Speciality Chemicals Ltd 912 Cr. 249319/22647.6 1301.60 %5.72 %4.11 % 10.0
Dai Ichi Karkaria Ltd 427 Cr. 573666/327 2430.70 %0.42 %1.03 % 10.0
Thirumalai Chemicals Ltd 2,930 Cr. 286293/185 1120.53 %0.35 %3.32 % 1.00
Industry Average2,565.30 Cr378.6122.80164.000.63%5.21%2.69%8.20

Neogen Chemicals Ltd Quarterly Results

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales633606690738794901865909956920889958973
Expenses502498613666706769767867908851829873941
Operating Profit13110777728913298424769608632
OPM %21%18%11%10%11%15%11%5%5%8%7%9%3%
Other Income67894510111417142426
Interest36446810117991010
Depreciation5555555565576
Profit before tax12910477728212493374973609341
Tax %26%26%27%22%27%27%25%22%26%24%21%27%20%
Net Profit95785657609170293656486833
EPS in Rs13.4311.228.128.188.6613.1410.104.155.278.056.889.894.74

Last Updated: June 10, 2024, 2:05 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: May 27, 2024, 6:03 am

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Sales1,9852,0661,8351,4841,4961,7822,2612,0441,9112,9373,6293,741
Expenses1,8691,9131,7731,3951,3411,5952,0641,8891,6102,5783,2933,487
Operating Profit1161536289155186197155300358336254
OPM %6%7%3%6%10%10%9%8%16%12%9%7%
Other Income70739101310181232312374
Interest10634126141429209193538
Depreciation253034302826242220212123
Profit before tax151133-443126156163125303348303267
Tax %31%32%70%15%26%19%30%23%26%25%25%24%
Net Profit10390-1369412611496224260226204
EPS in Rs14.1512.29-0.174.9512.8217.6315.9613.5931.8137.7032.6629.56
Dividend Payout %25%28%-288%20%21%3%3%29%9%13%12%14%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)-12.62%-101.11%3700.00%161.11%34.04%-9.52%-15.79%133.33%16.07%-13.08%-9.73%
Change in YoY Net Profit Growth (%)0.00%-88.49%3801.11%-3538.89%-127.07%-43.57%-6.27%149.12%-117.26%-29.15%3.34%

Growth

Compounded Sales Growth
10 Years:6%
5 Years:11%
3 Years:25%
TTM:3%
Compounded Profit Growth
10 Years:15%
5 Years:13%
3 Years:-2%
TTM:-6%
Stock Price CAGR
10 Years:15%
5 Years:16%
3 Years:25%
1 Year:83%
Return on Equity
10 Years:15%
5 Years:17%
3 Years:17%
Last Year:13%

Last Updated: June 8, 2024, 5:26 pm

Savita Oil Technologies Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital15151515151514141414141414
Reserves4234975565505776477288378551,0781,2441,4351,511
Borrowings6978966442226410000
Other Liabilities688541869519417461536576561641731815861
Total Liabilities1,1951,1291,5351,1491,0511,1441,2841,4311,4311,7331,9892,2642,386
Fixed Assets207211287265235230210202189185184180174
CWIP2215131238152039
Investments2332123036192469177271468326402
Other Assets9638641,2318537768941,0491,1581,0581,2771,3321,7381,771
Total Assets1,1951,1291,5351,1491,0511,1441,2841,4311,4311,7331,9892,2642,386

Reserves and Borrowings Chart

Savita Oil Technologies Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 4278127125765597128177124369-64
Cash from Investing Activity -1-54-66-26-9-3-9-51-116-84-298124
Cash from Financing Activity -43-24-71-102-68-55-75-34-102-20-76-69
Net Cash Flow-10-10-2-2-41343-4121-4-9

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow38.0057.00-2.0047.00133.00180.00193.00154.00300.00358.00336.00254.00

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 Days858393939510311093911047375
Inventory Days1047213470981361149110416095103
Days Payable1349615910310812612710611715210292
Cash Conversion Cycle55596960851129879781126787
Working Capital Days445460618310210184841116787
ROCE %23%18%22%5%11%21%24%23%16%31%31%24%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters71.81%71.81%71.81%71.81%71.81%71.81%71.81%71.92%71.92%71.92%71.92%68.92%
FIIs0.39%1.14%1.73%1.55%1.60%1.78%1.87%1.92%1.86%1.73%1.41%1.33%
DIIs8.45%7.77%7.45%7.39%7.40%7.40%7.40%7.40%7.72%7.42%7.40%10.68%
Public19.35%19.28%19.01%19.25%19.20%19.02%18.93%18.76%18.50%18.95%19.28%19.08%
No. of Shareholders18,16920,53121,30421,77021,74527,23329,31529,27529,05728,99928,21032,031

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Balanced Advantage Fund - Regular Plan5,110,9350.25179.935,110,9352024-06-110%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue2.002.0010.0010.0010.00
Basic EPS (Rs.)29.5632.66180.51159.1667.55
Diluted EPS (Rs.)29.5632.66180.51159.1667.55
Cash EPS (Rs.)32.8635.64195.51173.5183.77
Book Value[Excl.RevalReserv]/Share (Rs.)235.20209.70924.34775.96617.28
Book Value[Incl.RevalReserv]/Share (Rs.)235.20209.70924.34775.96617.28
Dividend / Share (Rs.)4.004.0025.0015.0020.00
Revenue From Operations / Share (Rs.)541.36525.382046.531359.041454.17
PBDIT / Share (Rs.)47.4551.92270.71236.10118.66
PBIT / Share (Rs.)44.1648.94256.09221.75102.86
PBT / Share (Rs.)38.6943.81242.52215.4188.66
Net Profit / Share (Rs.)29.5632.66180.88159.1667.97
PBDIT Margin (%)8.769.8813.2217.378.15
PBIT Margin (%)8.159.3112.5116.317.07
PBT Margin (%)7.148.3311.8515.846.09
Net Profit Margin (%)5.466.218.8311.714.67
Return on Networth / Equity (%)12.5615.5719.5620.5111.01
Return on Capital Employeed (%)18.6023.1827.5128.3216.48
Return On Assets (%)8.239.9712.6112.926.68
Asset Turnover Ratio (%)1.581.711.521.211.43
Current Ratio (X)2.372.432.312.382.20
Quick Ratio (X)1.361.401.541.441.39
Inventory Turnover Ratio (X)3.694.113.852.533.45
Dividend Payout Ratio (NP) (%)0.0015.300.000.003.67
Dividend Payout Ratio (CP) (%)0.0014.020.000.002.98
Earning Retention Ratio (%)0.0084.700.000.0096.33
Cash Earning Retention Ratio (%)0.0085.980.000.0097.02
Interest Coverage Ratio (X)8.6810.1319.9637.228.35
Interest Coverage Ratio (Post Tax) (X)6.417.3714.3326.095.78
Enterprise Value (Cr.)3058.551584.521400.351318.50879.18
EV / Net Operating Revenue (X)0.810.430.490.680.42
EV / EBITDA (X)9.334.423.743.975.27
MarketCap / Net Operating Revenue (X)0.850.450.510.710.44
Retention Ratios (%)0.0084.690.000.0096.32
Price / BV (X)1.961.131.141.261.04
Price / Net Operating Revenue (X)0.850.450.510.710.44
EarningsYield0.060.130.170.160.10

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 548.08

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: 6.84% compared to the current price 513

Intrinsic Value: 640.24

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: 24.80% compared to the current price ₹513

Last 5 Year EPS CAGR: 16.81%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 20.75%, which is a positive sign.
  2. The company has higher reserves (884.58 cr) compared to borrowings (26.08 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (1.67 cr) and profit (176.17 cr) over the years.
  1. The stock has a high average Working Capital Days of 78.17, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 80.08, 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 Savita Oil Technologies Ltd:
    1. Net Profit Margin: 5.46%
      • 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: 18.60% (Industry Average ROCE: 5.21%)
      • 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%: 12.56% (Industry Average ROE: 2.69%)
      • 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): 6.41
      • 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: 1.36
      • 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: 17.4 (Industry average Stock P/E: 22.8)
      • 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: N/A
      • 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

Savita Oil Technologies Ltd. is a Public Limited Listed company incorporated on 19/07/1961 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L24100MH1961PLC012066 and registration number is 012066. Currently Company is involved in the business activities of Production of liquid and gaseous fuels, illuminating oils, lubricating oils or greases or other products from crude petroleum or bituminous minerals. Company’s Total Operating Revenue is Rs. 2828.33 Cr. and Equity Capital is Rs. 13.82 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Lubricants66/67, Nariman Bhavan, Nariman Point, Mumbai Maharashtra 400021legal@savita.com
http://www.savita.com
Management
NamePosition Held
Mr. G N MehraChairman & Managing Director
Mr. S M DixitWholeTime Director & CFO
Mr. S G MehraWhole Time Director
Mrs. M C DalalIndependent Director
Mr. R N PisharodyIndependent Director
Mr. H SunderIndependent Director

FAQ

What is the latest fair value of Savita Oil Technologies Ltd?

The latest fair value of Savita Oil Technologies Ltd is ₹548.08.

What is the Market Cap of Savita Oil Technologies Ltd?

The Market Cap of Savita Oil Technologies Ltd is 3,545 Cr..

What is the current Stock Price of Savita Oil Technologies Ltd as on 13 June 2024?

The current stock price of Savita Oil Technologies Ltd as on 13 June 2024 is ₹513.

What is the High / Low of Savita Oil Technologies Ltd stocks in FY 2024?

In FY 2024, the High / Low of Savita Oil Technologies Ltd stocks is 615/278.

What is the Stock P/E of Savita Oil Technologies Ltd?

The Stock P/E of Savita Oil Technologies Ltd is 17.4.

What is the Book Value of Savita Oil Technologies Ltd?

The Book Value of Savita Oil Technologies Ltd is 235.

What is the Dividend Yield of Savita Oil Technologies Ltd?

The Dividend Yield of Savita Oil Technologies Ltd is 0.78 %.

What is the ROCE of Savita Oil Technologies Ltd?

The ROCE of Savita Oil Technologies Ltd is 19.8 %.

What is the ROE of Savita Oil Technologies Ltd?

The ROE of Savita Oil Technologies Ltd is 13.3 %.

What is the Face Value of Savita Oil Technologies Ltd?

The Face Value of Savita Oil Technologies Ltd is 2.00.

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 Savita Oil Technologies 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