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Last Updated on: 17 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Shivam Autotech Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 15, 2024, 1:53 am

Market Cap 434 Cr.
Current Price 35.5
High / Low64.9/27.5
Stock P/E
Book Value 2.77
Dividend Yield0.00 %
ROCE2.28 %
ROE62.8 %
Face Value 2.00
PEG Ratio0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Shivam Autotech Ltd

Competitors of Shivam Autotech Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
G S Auto International Ltd 54.7 Cr. 37.754.8/21.644.5 15.60.00 %10.1 %3.21 % 5.00
Duncan Engineering Ltd 240 Cr. 649902/37836.9 1490.54 %18.4 %13.9 % 10.0
Bharat Seats Ltd 615 Cr. 196240/12622.5 55.90.82 %15.3 %15.9 % 2.00
Automobile Corporation of Goa Ltd 1,310 Cr. 2,1513,449/1,38528.5 3870.93 %18.7 %18.6 % 10.0
Akar Auto Industries Ltd 113 Cr. 105170/87.818.1 44.40.57 %17.3 %13.1 % 5.00
Industry Average3,356.17 Cr596.7636.65137.660.64%16.36%15.47%5.63

All Competitor Stocks of Shivam Autotech Ltd

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales161.93112.73130.09114.62111.76117.62134.17103.13115.44107.99117.11120.83123.74
Expenses131.4099.25122.1486.6889.87100.74122.0994.03104.0798.57108.29110.71108.81
Operating Profit30.5313.487.9527.9421.8916.8812.089.1011.379.428.8210.1214.93
OPM %18.85%11.96%6.11%24.38%19.59%14.35%9.00%8.82%9.85%8.72%7.53%8.38%12.07%
Other Income1.171.502.00-1.231.911.090.990.500.280.610.760.462.12
Interest16.0317.838.4712.0812.2412.1713.3712.0812.2713.4913.8315.2915.10
Depreciation9.5610.4710.2710.409.749.008.838.858.559.149.068.928.84
Profit before tax6.11-13.32-8.794.231.82-3.20-9.13-11.33-9.17-12.60-13.31-13.63-6.89
Tax %183.31%0.00%0.00%0.00%0.00%0.00%0.00%0.00%-20.50%0.00%-14.05%-6.97%-13.50%
Net Profit-5.09-13.32-8.794.231.82-3.20-9.13-11.33-11.06-12.60-15.17-14.58-7.82
EPS in Rs-0.42-1.09-0.720.350.15-0.26-0.75-0.93-0.90-1.03-1.24-1.19-0.64

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Sales372399446425456557636588487469470470
Expenses284318363355409478553536410398421426
Operating Profit878083704878825278714943
OPM %23%20%19%17%10%14%13%9%16%15%11%9%
Other Income00-0001113434
Interest252020212946495357515058
Depreciation313127283241495449413536
Profit before tax32293621-13-8-14-54-25-16-33-46
Tax %11%2%22%10%-73%-84%33%-32%-8%0%6%8%
Net Profit28282819-4-1-18-37-23-16-35-50
EPS in Rs2.312.332.301.57-0.29-0.10-1.49-3.04-1.84-1.31-2.84-4.11
Dividend Payout %14%16%21%21%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)0.00%0.00%-32.14%-121.05%75.00%-1700.00%-105.56%37.84%30.43%-118.75%-42.86%
Change in YoY Net Profit Growth (%)0.00%0.00%-32.14%-88.91%196.05%-1775.00%1594.44%143.39%-7.40%-149.18%75.89%

Shivam Autotech Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:2%
5 Years:-6%
3 Years:-1%
TTM:8%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:13%
Stock Price CAGR
10 Years:0%
5 Years:8%
3 Years:15%
1 Year:17%
Return on Equity
10 Years:-9%
5 Years:-27%
3 Years:-31%
Last Year:-63%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 7:40 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital10101020202020202024242424
Reserves1281511721751721711531159311480319
Borrowings128117199305399412434439489389428390238
Other Liabilities707579808791145150133114124120269
Total Liabilities336353460580678694752724734641656565541
Fixed Assets242229251246353445467448429394362330316
CWIP01610181612812133
Investments0000000000000
Other Assets94124203233244243284248304244293232222
Total Assets336353460580678694752724734641656565541

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +835574727799410472656533
Cash from Investing Activity +-12-19-55-118-86-48-68-43-18-4-1-4
Cash from Financing Activity +-70-36546862-33-26-58-3-113-7-86
Net Cash Flow0-06-32-31250-5257-57

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-41.00-37.00-116.00-235.00-351.00-334.00-352.00-387.00-411.00-318.00-379.00-347.00

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 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days242740405354544450647366
Inventory Days168178193235213176173124205190158157
Days Payable127125117118133107167147182157149111
Cash Conversion Cycle65811161581331246021749881112
Working Capital Days-7154570694021146625050
ROCE %20%18%17%10%3%6%6%-0%6%6%3%2%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters74.80%74.80%74.80%74.80%74.80%74.80%74.80%74.80%74.80%74.80%74.80%74.80%
FIIs0.00%0.00%0.00%0.00%0.01%0.00%0.00%0.00%0.00%0.00%0.07%0.01%
DIIs0.02%0.02%0.02%0.02%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.02%
Public25.18%25.18%25.18%25.19%25.17%25.19%25.18%25.19%25.18%25.18%25.11%25.17%
No. of Shareholders27,89929,90532,45629,35427,86727,65127,21027,05328,41328,27027,73728,521

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
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)-4.11-2.84-1.46-2.25-3.71
Diluted EPS (Rs.)-4.11-2.84-1.46-2.25-3.71
Cash EPS (Rs.)-1.160.042.032.621.67
Book Value[Excl.RevalReserv]/Share (Rs.)4.558.5611.3411.3013.52
Book Value[Incl.RevalReserv]/Share (Rs.)4.558.5611.3411.3013.52
Revenue From Operations / Share (Rs.)38.4338.4838.3948.7458.78
PBDIT / Share (Rs.)3.874.286.178.105.26
PBIT / Share (Rs.)0.921.402.833.23-0.11
PBT / Share (Rs.)-3.80-2.69-1.31-2.45-5.42
Net Profit / Share (Rs.)-4.11-2.84-1.31-2.25-3.71
PBDIT Margin (%)10.0511.1116.0716.628.95
PBIT Margin (%)2.403.627.366.62-0.20
PBT Margin (%)-9.88-6.98-3.42-5.03-9.22
Net Profit Margin (%)-10.68-7.38-3.42-4.62-6.31
Return on Networth / Equity (%)-90.27-33.19-11.59-19.93-27.47
Return on Capital Employeed (%)4.585.1610.718.68-0.33
Return On Assets (%)-8.88-5.29-2.50-3.06-5.12
Long Term Debt / Equity (X)3.222.061.252.171.51
Total Debt / Equity (X)6.904.032.753.382.82
Asset Turnover Ratio (%)0.760.720.680.660.79
Current Ratio (X)0.560.740.590.680.53
Quick Ratio (X)0.310.490.310.440.30
Inventory Turnover Ratio (X)2.342.602.222.443.04
Interest Coverage Ratio (X)0.811.051.491.430.99
Interest Coverage Ratio (Post Tax) (X)0.130.300.680.600.30
Enterprise Value (Cr.)834.15617.54744.21499.81468.89
EV / Net Operating Revenue (X)1.781.311.591.030.79
EV / EBITDA (X)17.6611.819.866.178.91
MarketCap / Net Operating Revenue (X)0.960.540.770.360.16
Price / BV (X)8.122.432.631.590.69
Price / Net Operating Revenue (X)0.960.540.770.360.16
EarningsYield-0.11-0.13-0.04-0.12-0.39

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Shivam Autotech Ltd as of November 17, 2024 is: 26.62

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.

As of November 17, 2024, Shivam Autotech Ltd is Overvalued by 25.01% compared to the current share price 35.50

Default values used*: Default value of 15 for Stock P/E is used

Intrinsic Value of Shivam Autotech Ltd as of November 17, 2024 is: 23.02

Calculation basis:

  • Intrinsic 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 intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 17, 2024, Shivam Autotech Ltd is Overvalued by 35.15% compared to the current share price 35.50

Default values used*: Default value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: -13.54%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
    1. The stock has a low average ROCE of 8.08%, which may not be favorable.
    2. The stock has a high average Working Capital Days of 38.50, which may not be favorable.
    3. The stock has a high average Cash Conversion Cycle of 93.58, which may not be favorable.
    4. The company has higher borrowings (335.92) compared to reserves (120.31), which may suggest financial risk.
    5. The company has not shown consistent growth in sales (481.25) and profit (-7.58).

    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 Shivam Autotech Ltd:
      1. Net Profit Margin: -10.68%
        • 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: 4.58% (Industry Average ROCE: 16.36%)
        • 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%: -90.27% (Industry Average ROE: 15.47%)
        • 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): 0.13
        • 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: 0.31
        • 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: 0 (Industry average Stock P/E: 36.65)
        • 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: 6.9
        • 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 - Qualitative Analysis

    Shivam Autotech Ltd. is a Public Limited Listed company incorporated on 29/07/2005 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L34300HR2005PLC081531 and registration number is 139163. Currently Company is involved in the business activities of Manufacture of bearings, gears, gearing and driving elements. Company’s Total Operating Revenue is Rs. 469.20 Cr. and Equity Capital is Rs. 24.44 Cr. for the Year ended 31/03/2022.
    INDUSTRYADDRESSCONTACT
    Auto Ancl - Others10, 1st Floor, Tower A, Gurugram Haryana 122102info@shivamautotech.com
    http://www.shivamautotech.com
    Management
    NamePosition Held
    Mr. Yogesh Chander MunjalChairman & Non-Exe.Director
    Mr. Neeraj MunjalManaging Director
    Mrs. Charu MunjalExecutive Director
    Dr. Anil Kumar GuptaIndependent Director
    Mr. Sunil Chinubhai VakilIndependent Director
    Dr. Neetika BatraIndependent Director

    FAQ

    What is the latest intrinsic value of Shivam Autotech Ltd?

    The latest intrinsic value of Shivam Autotech Ltd as on 16 November 2024 is ₹26.62, which is 25.01% lower than the current market price of ₹35.50.

    What is the Market Cap of Shivam Autotech Ltd?

    The Market Cap of Shivam Autotech Ltd is 434 Cr..

    What is the current Stock Price of Shivam Autotech Ltd as on 16 November 2024?

    The current stock price of Shivam Autotech Ltd as on 16 November 2024 is ₹35.5.

    What is the High / Low of Shivam Autotech Ltd stocks in FY 2024?

    In FY 2024, the High / Low of Shivam Autotech Ltd stocks is 64.9/27.5.

    What is the Stock P/E of Shivam Autotech Ltd?

    The Stock P/E of Shivam Autotech Ltd is .

    What is the Book Value of Shivam Autotech Ltd?

    The Book Value of Shivam Autotech Ltd is 2.77.

    What is the Dividend Yield of Shivam Autotech Ltd?

    The Dividend Yield of Shivam Autotech Ltd is 0.00 %.

    What is the ROCE of Shivam Autotech Ltd?

    The ROCE of Shivam Autotech Ltd is 2.28 %.

    What is the ROE of Shivam Autotech Ltd?

    The ROE of Shivam Autotech Ltd is 62.8 %.

    What is the Face Value of Shivam Autotech Ltd?

    The Face Value of Shivam Autotech 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 Shivam Autotech 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