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Last Updated on: 24 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Signet Industries Ltd

About the Company - Signet Industries Ltd

Signet Industries Ltd. is a Public Limited Listed company incorporated on 29/01/1985 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L51900MH1985PLC035202 and registration number is 035202. Currently company belongs to the Industry of Petrochem - Polymers. Company’s Total Operating Revenue is Rs. 877.26 Cr. and Equity Capital is Rs. 29.44 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Petrochemicals - Polymers1003, Meadows Building, Sahar Plaza Complex, Mumbai Maharashtra 400059info@groupsignet.com
http://www.groupsignet.com
Management
NamePosition Held
Mr. Mukesh SanglaChairman & Managing Director
Mr. Saurabh SanglaDirector
Mr. Sanjay ChoureyIndependent Director
Ms. Palak MalviyaIndependent Woman Director
Mr. Mayank ShrivasIndependent Director
Mrs. Reshma LalwaniIndependent Woman Director
Mr. Rahul RajpootIndependent Director

Signet Industries Ltd. Share Price Update

Share PriceValue
Today₹70.48
Previous Day₹72.53

Basic Stock Data of Signet Industries Ltd

Market Cap 218 Cr.
Current Price 74.1
High / Low90.0/32.2
Stock P/E13.2
Book Value 71.8
Dividend Yield0.67 %
ROCE12.4 %
ROE6.48 %
Face Value 10.0

Data Source: screener.in

Competitors of Signet Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Kothari Petrochemicals Ltd 746 Cr. 127170/54.412.1 37.60.99 %29.3 %21.9 % 10.0
NOCIL Ltd 4,606 Cr. 276298/19938.4 99.01.07 %13.4 %9.89 % 10.0
Sheela Foam Ltd 11,472 Cr. 1,0551,370/90667.1 2630.00 %13.6 %12.5 % 5.00
Manali Petrochemicals Ltd 1,243 Cr. 72.287.2/56.771.2 61.01.02 %7.54 %4.89 % 5.00
Supreme Petrochem Ltd 13,766 Cr. 732758/35136.7 98.91.11 %37.4 %28.1 % 2.00
Industry Average155 Cr241.6445.1111.90.84%20.25%15.46%6.4

Signet Industries Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales181.61236.35274.64180.26204.87180.99311.14219.14222.65263.39312.52288.82268.78
Expenses167.31217.22256.97166.25190.05165.66293.58203.75208.13244.24292.10270.59248.98
Operating Profit14.3019.1317.6714.0114.8215.3317.5615.3914.5219.1520.4218.2319.80
OPM %7.87%8.09%6.43%7.77%7.23%8.47%5.64%7.02%6.52%7.27%6.53%6.31%7.37%
Other Income0.660.282.160.340.440.390.240.310.750.581.160.481.00
Interest11.7413.0610.7110.6410.5810.0611.5311.3610.3610.3512.0012.0413.59
Depreciation1.971.972.072.192.162.132.142.182.262.322.322.412.44
Profit before tax1.254.387.051.522.523.534.132.162.657.067.264.264.77
Tax %-6.40%-60.27%15.60%31.58%29.37%26.91%30.99%32.41%29.06%26.63%37.88%25.12%28.30%
Net Profit1.347.025.951.041.782.582.851.471.885.184.523.203.41
EPS in Rs0.462.382.020.350.600.880.970.500.641.761.541.091.16

Signet Industries Ltd Quarterly Chart

Signet Industries Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales5125656126507869129049768838278771,0181,134
Expenses4745125495937198498349058167648169481,056
Operating Profit38526457676370716763626978
OPM %7%9%10%9%9%7%8%7%8%8%7%7%7%
Other Income3988344223133
Interest29384543403841444446434448
Depreciation5666777788999
Profit before tax8182116232326221712121923
Tax %51%32%26%26%25%21%28%38%31%-19%30%32%
Net Profit412161217181814121481316
EPS in Rs1.364.115.404.035.966.266.284.664.014.742.804.435.55
Dividend Payout %37%29%22%0%8%8%8%11%12%11%18%11%

Signet Industries Ltd Profit & Loss Yearly Chart

Signet Industries Ltd Growth

Compounded Sales Growth
10 Years:6%
5 Years:2%
3 Years:5%
TTM:16%
Compounded Profit Growth
10 Years:1%
5 Years:-7%
3 Years:3%
TTM:45%
Stock Price CAGR
10 Years:-13%
5 Years:14%
3 Years:33%
1 Year:109%
Return on Equity
10 Years:10%
5 Years:7%
3 Years:6%
Last Year:6%

Signet Industries Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital29292929292929292929292929
Reserves1114255876109126137147159166177182
Preference Capital05510110111213141517
Borrowings246267262191194207234199231281292292350
Other Liabilities138147191223216242227289247260231230188
Total Liabilities423457506501515588616655654729718729750
Fixed Assets75788281777279827781798280
CWIP4000041002511
Investments8800000000011
Other Assets336371424420437511535572577646634645668
Total Assets423457506501515588616655654729718729750

Signet Industries Ltd Reserves and Borrowings Chart

Signet Industries Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 19324365281520841273451
Cash from Investing Activity -32-285374-5-9-99-13-9-6
Cash from Financing Activity 28-16-49-91-35-22-7-80-133-32-44
Net Cash Flow15-12-211-3-114-57-3-71

Signet Industries Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days132131144128123123118109125144130108
Inventory Days555663795758788696118126115
Days Payable94901101229593881101021169578
Cash Conversion Cycle93979784858810785118146161145
Working Capital Days101989282889411296129163165145
ROCE %14%18%19%19%21%19%18%17%15%12%11%12%

Signet Industries Ltd Financial Efficiency Indicators Chart

Signet Industries Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters72.42%72.52%72.56%72.57%72.57%72.57%72.57%72.57%72.57%72.57%72.57%72.57%
Public27.58%27.48%27.44%27.43%27.43%27.43%27.43%27.42%27.43%27.42%27.44%27.43%
No. of Shareholders12,00612,74013,12913,16714,80214,45914,42214,14814,06715,34414,65814,988

Signet Industries Ltd Shareholding Pattern Chart

No. of Signet Industries Ltd Shareholders

This stock is not held by any mutual fund

Signet Industries Ltd ROCE Trend

Signet Industries Ltd EPS Trend

Signet Industries Ltd Key Financial Ratios

MonthMar 12
FaceValue10.00
Basic EPS (Rs.)1.34
Diluted EPS (Rs.)1.34
PBDIT Margin (%)6.43
PBIT Margin (%)5.55
PBT Margin (%)1.57
Net Profit Margin (%)0.76
NP After MI And SOA Margin (%)0.76
Interest Coverage Ratio (X)1.39
Interest Coverage Ratio (Post Tax) (X)1.19

Signet Industries Ltd Profitability Ratios (%)

Signet Industries Ltd Liquidity Ratios

Signet Industries Ltd Liquidity Ratios (%)

Signet Industries Ltd Interest Coverage Ratios (X)

Signet Industries Ltd Valuation Ratios

Fair Value / Intrinsic Value of Signet Industries Ltd

Fair Value: ₹61.83

The stock is overvalued by 16.56% compared to the current price ₹74.1

*Investments are subject to market risks

Strength and Weakness of Signet Industries Ltd

Unable to fetch valid data for stock valuation.

Should I Buy Signet Industries Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Signet Industries Ltd:
    1. Net Profit Margin: 0.76%
      • 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: N/A% (Industry Average ROCE: 18.21%)
      • 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. Interest Coverage Ratio (Post Tax): 1.19
      • 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.
    4. Quick Ratio: N/A
      • 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.
    5. ✓ Stock P/E: 13.4 (Industry average Stock P/E: 45.96)
      • 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.
    6. ✗ 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 suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

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 Signet Industries 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