Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 21 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Summit Securities Ltd

Basic Stock Data

Last Updated: June 20, 2024, 10:24 pm

Market Cap 1,679 Cr.
Current Price 1,542
High / Low1,586/681
Stock P/E22.2
Book Value 8,279
Dividend Yield0.00 %
ROCE1.39 %
ROE1.07 %
Face Value 10.0
PEG Ratio22.14

Competitors of Summit Securities Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Canopy Finance Ltd 89.2 Cr. 84.299.2/52.6165 11.40.00 %5.16 %4.84 % 10.0
Algoquant Fintech Ltd 946 Cr. 1,1771,620/52996.5 55.10.00 %22.1 %25.0 % 2.00
CLIO Infotech Ltd 7.44 Cr. 6.768.00/3.55372 9.470.00 %0.13 %0.19 % 10.0
Comfort Commotrade Ltd 25.0 Cr. 25.027.6/16.01.43 44.10.00 %54.6 %49.3 % 10.0
JM Financial Ltd 8,000 Cr. 83.7115/69.0121 88.82.39 %10.1 %0.80 % 1.00
Industry Average9,154.04 Cr618.7663.751,197.930.35%16.38%25.22%7.59

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales96622725233711531820
Expenses1111481111111
Operating Profit85611417222611521719
OPM %90%88%98%49%49%69%96%75%80%94%98%95%94%
Other Income0010000000000
Interest0000000000000
Depreciation0000000000000
Profit before tax85611417222611521719
Tax %29%28%29%34%26%30%29%-99%15%22%27%14%22%
Net Profit5444131216458381514
EPS in Rs5.013.3440.200.652.4310.9414.363.894.657.6735.1513.4413.21

Last Updated: June 9, 2024, 6:55 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: May 27, 2024, 6:09 am

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Sales1915265351413882297451102
Expenses3223333123444
Operating Profit161325513138357026704798
OPM %86%89%94%95%54%98%92%86%89%95%93%96%
Other Income0-00000000100
Interest000000000000
Depreciation000000000000
Profit before tax161325513138357026714798
Tax %14%2%0%1%-107%12%2%-2%29%29%21%23%
Net Profit131325507121347218513776
EPS in Rs12.2711.7622.6145.936.35111.2631.6266.0916.7946.6333.9969.47
Dividend Payout %0%0%0%0%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%92.31%100.00%-86.00%1628.57%-71.90%111.76%-75.00%183.33%-27.45%105.41%
Change in YoY Net Profit Growth (%)0.00%92.31%7.69%-186.00%1714.57%-1700.47%183.67%-186.76%258.33%-210.78%132.86%

Growth

Compounded Sales Growth
10 Years:11%
5 Years:-19%
3 Years:-15%
TTM:57%
Compounded Profit Growth
10 Years:11%
5 Years:-21%
3 Years:-20%
TTM:93%
Stock Price CAGR
10 Years:24%
5 Years:14%
3 Years:34%
1 Year:107%
Return on Equity
10 Years:2%
5 Years:1%
3 Years:1%
Last Year:1%

Last Updated: April 11, 2024, 8:35 pm

Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital11111111111111111111111111
Reserves4064194354605115186393,6612,2894,9254,4715,0957,798
Borrowings00000017000000
Other Liabilities8710109423347161499455534892
Total Liabilities4254374564815315336904,0192,4615,4354,9365,6408,701
Fixed Assets0000000000000
CWIP0000000000000
Investments4094254524754945226674,0122,4275,4264,9035,6128,678
Other Assets1612453711247349332822
Total Assets4254374564815315336904,0192,4615,4354,9365,6408,701

Reserves and Borrowings Chart

Summit Securities Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 112212448231-480-14738
Cash from Investing Activity 3-16-25-22-18-30-3710-54-23-22-43
Cash from Financing Activity 00-0000-000000
Net Cash Flow4-4-3230-28-6625-2525-5

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow16.0013.0025.0051.003.00121.0035.0070.0026.0070.0047.0098.00

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 Days000000000000
Inventory Days0
Days Payable
Cash Conversion Cycle000000000000
Working Capital Days-22-225-121-48421-30-19-53-19-30-7
ROCE %4%3%5%10%1%23%2%2%1%2%1%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters74.65%74.65%74.65%74.65%74.65%74.64%74.64%74.64%74.64%74.64%74.64%74.64%
FIIs0.98%1.11%0.93%0.94%0.92%0.63%0.61%0.59%0.56%0.60%0.57%0.57%
DIIs1.77%1.76%0.60%0.48%0.48%0.43%0.35%0.35%0.35%0.35%0.21%0.21%
Public22.60%22.48%23.82%23.93%23.95%24.29%24.39%24.40%24.43%24.40%24.57%24.56%
No. of Shareholders49,47449,07749,20949,25151,74950,94750,23449,45648,87548,09248,29447,858

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)34.0046.6316.7966.09100.62
Diluted EPS (Rs.)34.0046.6316.7966.09100.62
Cash EPS (Rs.)34.0146.6516.8066.10100.64
Book Value[Excl.RevalReserv]/Share (Rs.)4683.474111.014528.012109.71696.96
Book Value[Incl.RevalReserv]/Share (Rs.)4683.474111.014528.012109.71696.96
Revenue From Operations / Share (Rs.)46.2767.9726.5775.11103.73
PBDIT / Share (Rs.)43.1365.2523.8164.55101.11
PBIT / Share (Rs.)43.1165.2323.7964.54101.10
PBT / Share (Rs.)43.1165.2323.7464.54101.08
Net Profit / Share (Rs.)33.9946.6316.7966.09100.62
NP After MI And SOA / Share (Rs.)33.9946.6316.7966.09100.62
PBDIT Margin (%)93.2096.0089.6285.9397.47
PBIT Margin (%)93.1795.9789.5585.9297.46
PBT Margin (%)93.1795.9789.3385.9297.44
Net Profit Margin (%)73.4768.6063.1787.9897.00
NP After MI And SOA Margin (%)73.4768.6063.1787.9897.00
Return on Networth / Equity (%)0.721.130.373.1314.43
Return on Capital Employeed (%)0.831.440.472.8614.50
Return On Assets (%)0.651.020.332.9214.36
Asset Turnover Ratio (%)0.010.010.010.030.02
Current Ratio (X)2425.442174.572588.841155.148.52
Quick Ratio (X)2425.442174.572588.841155.148.52
Interest Coverage Ratio (X)0.000.00414.060.006976.70
Interest Coverage Ratio (Post Tax) (X)0.000.00292.850.006943.77
Enterprise Value (Cr.)562.52612.49579.32267.81636.82
EV / Net Operating Revenue (X)11.158.2720.003.275.63
EV / EBITDA (X)11.968.6122.313.815.78
MarketCap / Net Operating Revenue (X)11.688.6920.253.665.69
Price / BV (X)0.110.140.110.130.84
Price / Net Operating Revenue (X)11.688.6920.253.665.69
EarningsYield0.060.070.030.240.17

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 2,005.93

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: 30.09% compared to the current price 1542

Intrinsic Value: 2,026.04

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: 31.39% compared to the current price ₹1542

Last 5 Year EPS CAGR: 1.00%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of -44.25, which is a positive sign.
  2. The stock has a low average Cash Conversion Cycle of 0.00, which is a positive sign.
  3. The company has higher reserves (2,703.17 cr) compared to borrowings (1.42 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (52.92 cr) and profit (49.42 cr) over the years.
  1. The stock has a low average ROCE of 4.50%, 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 Summit Securities Ltd:
    1. Net Profit Margin: 73.47%
      • 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: 0.83% (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%: 0.72% (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): 0.00
      • 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: 2425.44
      • 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: 22.2 (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: 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

Summit Securities Ltd. is a Public Limited Listed company incorporated on 30/01/1997 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L65921MH1997PLC194571 and registration number is 194571. Currently Company is involved in the business activities of Other financial service activities, except insurance and pension funding activities. Company’s Total Operating Revenue is Rs. 29.63 Cr. and Equity Capital is Rs. 10.90 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Non-Banking Financial Company (NBFC)213, Bezzola Complex, B Wing, Mumbai Maharashtra 400071investors@summitsecurities.net
http://www.summitsecurities.net
Management
NamePosition Held
Mr. Ramesh D ChandakChairman(NonExe.&Ind.Director)
Ms. Shweta MusaleInd. Non-Executive Director
Mr. H N Singh RajpootNon Executive Director
Mr. Prem KapilInd. Non-Executive Director
Mr. A V NerurkarInd. Non-Executive Director
Mr. H C DalalInd. Non-Executive Director
Mr. Manish JainNon Executive Director

FAQ

What is the latest fair value of Summit Securities Ltd?

The latest fair value of Summit Securities Ltd is ₹2005.93.

What is the Market Cap of Summit Securities Ltd?

The Market Cap of Summit Securities Ltd is 1,679 Cr..

What is the current Stock Price of Summit Securities Ltd as on 21 June 2024?

The current stock price of Summit Securities Ltd as on 21 June 2024 is ₹1,542.

What is the High / Low of Summit Securities Ltd stocks in FY 2024?

In FY 2024, the High / Low of Summit Securities Ltd stocks is 1,586/681.

What is the Stock P/E of Summit Securities Ltd?

The Stock P/E of Summit Securities Ltd is 22.2.

What is the Book Value of Summit Securities Ltd?

The Book Value of Summit Securities Ltd is 8,279.

What is the Dividend Yield of Summit Securities Ltd?

The Dividend Yield of Summit Securities Ltd is 0.00 %.

What is the ROCE of Summit Securities Ltd?

The ROCE of Summit Securities Ltd is 1.39 %.

What is the ROE of Summit Securities Ltd?

The ROE of Summit Securities Ltd is 1.07 %.

What is the Face Value of Summit Securities Ltd?

The Face Value of Summit Securities Ltd is 10.0.

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 Summit Securities 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