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Last Updated on: 25 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Smartlink Holdings Ltd

Basic Stock Data

Last Updated: June 17, 2024, 8:13 pm

Market Cap 293 Cr.
Current Price 293
High / Low346/156
Stock P/E41.4
Book Value 191
Dividend Yield0.00 %
ROCE4.98 %
ROE3.78 %
Face Value 2.00
PEG Ratio0.52

Competitors of Smartlink Holdings Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Motilal Oswal Financial Services Ltd 39,300 Cr. 658722/16816.1 1470.53 %20.7 %32.6 % 1.00
Anand Rathi Wealth Ltd 16,235 Cr. 3,8814,300/85173.3 1630.36 %48.0 %37.3 % 5.00
Motor & General Finance Ltd 131 Cr. 33.951.8/28.5113 19.40.00 %2.08 %1.56 % 5.00
JM Financial Ltd 8,000 Cr. 83.7115/69.0121 88.82.39 %10.1 %0.80 % 1.00
Aryan Share & Stock Brokers Ltd 6.01 Cr. 20.030.5/8.7911.8 50.80.00 %3.54 %3.41 % 10.0
Industry Average9,191.42 Cr669.3065.771,260.620.35%16.36%25.19%7.65

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales12.9115.7318.2617.7727.7428.6146.8037.6749.9838.4251.8240.1778.77
Expenses12.7914.8815.1016.2523.7027.9445.2836.1048.4838.7049.1840.6067.08
Operating Profit0.120.853.161.524.040.671.521.571.50-0.282.64-0.4311.69
OPM %0.93%5.40%17.31%8.55%14.56%2.34%3.25%4.17%3.00%-0.73%5.09%-1.07%14.84%
Other Income1.810.040.170.200.520.650.0821.210.260.260.020.250.24
Interest0.150.140.200.200.180.110.570.480.560.610.560.500.56
Depreciation0.560.570.610.610.600.670.760.780.780.850.870.870.87
Profit before tax1.220.182.520.913.780.540.2721.520.42-1.481.23-1.5510.50
Tax %-163.11%-33.33%-9.92%-79.12%-50.26%96.30%129.63%18.63%-330.95%16.22%32.52%21.29%17.24%
Net Profit3.210.242.771.635.690.01-0.0817.511.81-1.240.83-1.218.68
EPS in Rs2.420.282.801.655.680.03-0.0217.541.73-1.240.83-1.218.70

Last Updated: June 9, 2024, 7:02 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: June 25, 2024, 5:00 pm

MonthMar 2011Mar 2012Mar 2013Mar 2014Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Sales677011815010499108757080163209
Expenses4557315317610897105816070158196
Operating Profit22-503-34-26-423-61110514
OPM %33%-724%-29%-17%-4%2%2%-7%15%12%3%7%
Other Income59753623201-421221
Interest000000131122
Depreciation644422233233
Profit before tax21468-2-6-501-1597239
Tax %23%22%2%66%-103%1,373%368%3%-13%-40%15%19%
Net Profit16367-2-2-10-3-2-141010197
EPS in Rs5.30122.17-0.66-0.67-4.31-1.43-1.37-10.517.8010.4219.297.08
Dividend Payout %38%26%-305%-300%-46%-140%-0%-0%-0%-0%-0%-0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2011-20122012-20132013-20142017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)2193.75%-100.54%0.00%70.00%33.33%-600.00%171.43%0.00%90.00%-63.16%
Change in YoY Net Profit Growth (%)0.00%-2294.29%100.54%70.00%-36.67%-633.33%771.43%-171.43%90.00%-153.16%

Growth

Compounded Sales Growth
10 Years:3%
5 Years:11%
3 Years:29%
TTM:28%
Compounded Profit Growth
10 Years:8%
5 Years:20%
3 Years:29%
TTM:-98%
Stock Price CAGR
10 Years:14%
5 Years:15%
3 Years:27%
1 Year:13%
Return on Equity
10 Years:%
5 Years:1%
3 Years:4%
Last Year:1%

Last Updated: April 11, 2024, 10:10 am

Balance Sheet

Last Updated: June 1, 2024, 10:40 am

MonthMar 2011Mar 2012Mar 2013Mar 2014Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital666655333222
Reserves163418409400320312243180191163182188
Borrowings000014202724253432
Other Liabilities382531282121191913194449
Total Liabilities207449446434346341285229230209262271
Fixed Assets383129262221203430313332
CWIP000000022200
Investments88159268281259273209161165110123130
Other Assets81259149127654755323366106109
Total Assets207449446434346341285229230209262271

Reserves and Borrowings Chart

Smartlink Holdings Ltd Cash Flow

MonthMar 2008Mar 2011Mar 2012Mar 2013Mar 2014Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 3410-162-17-40-34-9-2274342-26
Cash from Investing Activity -32627421471151472-17-0-421
Cash from Financing Activity -8-9-112-7-7-81-2-52-58-3-385
Net Cash Flow-681-40-03-3-100-0

Free Cash Flow

MonthMar 2011Mar 2012Mar 2013Mar 2014Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow22.00-503.00-34.00-26.00-5.00-2.00-17.00-33.00-13.00-15.00-29.00-18.00

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 2008Mar 2011Mar 2012Mar 2013Mar 2014Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days6719882777152505038457990
Inventory Days5657326360821638889776610595
Days Payable71586977752758772877690106
Cash Conversion Cycle5118524861101140516628369380
Working Capital Days53155203699210668844554103100
ROCE %19%-2%-3%-5%0%1%-3%5%4%2%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters69.89%69.89%69.89%69.89%69.89%69.89%69.89%71.33%71.33%71.51%71.90%72.79%
FIIs0.00%0.00%0.00%0.33%0.00%0.10%0.00%0.18%0.01%0.00%0.08%0.00%
Public30.11%30.11%30.11%29.78%30.11%30.01%30.12%28.49%28.66%28.48%28.03%27.21%
No. of Shareholders11,74212,39412,63513,61314,27814,02813,61313,09312,68812,40212,21712,025

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.)7.0819.299.907.80-8.95
Diluted EPS (Rs.)7.0819.299.907.80-8.95
Cash EPS (Rs.)10.5522.2812.749.78-8.46
Book Value[Excl.RevalReserv]/Share (Rs.)190.75183.96165.37145.42137.59
Book Value[Incl.RevalReserv]/Share (Rs.)190.75183.96165.37145.42137.59
Revenue From Operations / Share (Rs.)209.70163.4679.7052.8356.51
PBDIT / Share (Rs.)14.446.5510.519.85-3.80
PBIT / Share (Rs.)10.963.568.117.76-6.07
PBT / Share (Rs.)8.7222.807.406.84-11.10
Net Profit / Share (Rs.)7.0819.2910.347.69-10.73
NP After MI And SOA / Share (Rs.)7.0819.2910.417.80-10.51
PBDIT Margin (%)6.884.0013.1918.64-6.73
PBIT Margin (%)5.222.1710.1814.68-10.74
PBT Margin (%)4.1513.959.2812.94-19.64
Net Profit Margin (%)3.3711.7912.9714.55-18.98
NP After MI And SOA Margin (%)3.3711.7913.0614.76-18.59
Return on Networth / Equity (%)3.7110.486.295.36-7.64
Return on Capital Employeed (%)5.531.904.855.28-4.27
Return On Assets (%)2.607.354.974.51-6.10
Total Debt / Equity (X)0.160.180.150.120.14
Asset Turnover Ratio (%)0.780.040.040.060.06
Current Ratio (X)3.042.863.865.574.70
Quick Ratio (X)2.742.413.525.374.45
Inventory Turnover Ratio (X)2.580.000.000.000.00
Interest Coverage Ratio (X)6.443.8014.8010.68-2.07
Interest Coverage Ratio (Post Tax) (X)4.160.0215.569.34-3.10
Enterprise Value (Cr.)191.44167.52117.55124.59100.75
EV / Net Operating Revenue (X)0.911.031.481.771.34
EV / EBITDA (X)13.2925.6311.219.51-19.91
MarketCap / Net Operating Revenue (X)0.800.901.431.591.07
Price / BV (X)0.880.800.680.570.43
Price / Net Operating Revenue (X)0.800.901.431.591.07
EarningsYield0.040.130.090.09-0.17

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 304.88

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: 4.05% compared to the current price 293

Intrinsic Value: 546.99

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: 86.69% compared to the current price ₹293

Last 5 Year EPS CAGR: 79.41%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (264.08 cr) compared to borrowings (13.92 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (109.42 cr) and profit (42.50 cr) over the years.
  1. The stock has a low average ROCE of 1.50%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 94.33, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 95.00, 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 Smartlink Holdings Ltd:
    1. Net Profit Margin: 3.37%
      • 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: 5.53% (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%: 3.71% (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): 4.16
      • 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: 2.74
      • 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: 41.4 (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: 0.16
      • 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

Smartlink Holdings Ltd. is a Public Limited Listed company incorporated on 31/03/1993 and has its registered office in the State of Goa, India. Company’s Corporate Identification Number(CIN) is L67100GA1993PLC001341 and registration number is 001341. Currently Company is involved in the business activities of Trusts, funds and other financial vehicles. Company’s Total Operating Revenue is Rs. 9.09 Cr. and Equity Capital is Rs. 2.00 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Finance & InvestmentsL-7, Verna Industrial Estate, Goa Goa 403722Company.Secretary@smartlinkholdings.com
http://www.smartlinkholdings.com
Management
NamePosition Held
Mr. K R NaikExecutive Chairman
Ms. Arati NaikExecutive Director
Mr. Pradeep RaneInd. Non-Executive Director
Mr. Pankaj BaligaInd. Non-Executive Director
Mr. K M GaonkarInd. Non-Executive Director
Mr. Bhanubhai PatelInd. Non-Executive Director

FAQ

What is the latest fair value of Smartlink Holdings Ltd?

The latest fair value of Smartlink Holdings Ltd is ₹304.88.

What is the Market Cap of Smartlink Holdings Ltd?

The Market Cap of Smartlink Holdings Ltd is 293 Cr..

What is the current Stock Price of Smartlink Holdings Ltd as on 25 June 2024?

The current stock price of Smartlink Holdings Ltd as on 25 June 2024 is ₹293.

What is the High / Low of Smartlink Holdings Ltd stocks in FY 2024?

In FY 2024, the High / Low of Smartlink Holdings Ltd stocks is 346/156.

What is the Stock P/E of Smartlink Holdings Ltd?

The Stock P/E of Smartlink Holdings Ltd is 41.4.

What is the Book Value of Smartlink Holdings Ltd?

The Book Value of Smartlink Holdings Ltd is 191.

What is the Dividend Yield of Smartlink Holdings Ltd?

The Dividend Yield of Smartlink Holdings Ltd is 0.00 %.

What is the ROCE of Smartlink Holdings Ltd?

The ROCE of Smartlink Holdings Ltd is 4.98 %.

What is the ROE of Smartlink Holdings Ltd?

The ROE of Smartlink Holdings Ltd is 3.78 %.

What is the Face Value of Smartlink Holdings Ltd?

The Face Value of Smartlink Holdings 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 Smartlink Holdings 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