Share the post "Sinnar Bidi Udyog ‘s Q1 Financial results: Revenue Grows by 51.68% YoY"
Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 51.68 % in the past year, substantial increase in net sales/revenue by 5.82 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -62.41 %, Marginal increase in other income during this quarter, up by 28.21%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Sinnar Bidi Udyog Ltd.,. Profit dropped by -642.31 % Year to Year, Sinnar Bidi Udyog Ltd.,’s profitability increased by 24.78 % in this quarter.
- EPS over the Year and quarter: EPS declined by -641.54 % Year to Year. EPS increased by 24.82 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 0.863 Cr | Rs. 1.237 Cr | Rs. 1.309 Cr | + 5.82 % | + 51.68 % |
| Expenses | Rs. 0.95 Cr | Rs. 1.4 Cr | Rs. 1.48 Cr | + 5.71 % | + 55.79 % |
| Operating Profit | Rs. -0.09 Cr | Rs. -0.16 Cr | Rs. -0.17 Cr | -6.25 % | -88.89 % |
| OPM % | -10.43 % | -12.93 % | -12.99 % | -0.06 % | -2.56 % |
| Other Income | Rs. 0.133 Cr | Rs. 0.039 Cr | Rs. 0.05 Cr | + 28.21 % | -62.41 % |
| Interest | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0.01 Cr | Rs. 0.01 Cr | Rs. 0.01 Cr | + 0 % | + 0 % |
| Profit before tax | Rs. 0.03 Cr | Rs. -0.13 Cr | Rs. -0.13 Cr | + 0 % | -533.33 % |
| Tax % | 39.53 % | -12.4 % | -13.71 % | -1.31 % | -53.24 % |
| Net Profit | Rs. 0.03 Cr | Rs. -0.11 Cr | Rs. -0.14 Cr | -27.27 % | -566.67 % |
| EPS in Rs | Rs. 0.65 | Rs. -2.82 | Rs. -3.52 | -24.82 % | -641.54 % |
Today, we’re looking at Sinnar Bidi Udyog Ltd.,’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 51.68 %. However, it did see a marginal increase of 5.82 % from the previous quarter. Expenses ticked up slightly by 5.71 % quarter-on-quarter, aligning with the annual rise of 55.79 %. Operating profit, while down -88.89 % compared to last year, faced a quarter-on-quarter dip of -6.25 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -2.56 %, but a shrinkage of -0.06 % sequentially. Other income rose by 28.21 % compared to the last quarter, despite an annual decline of -62.41 %. Depreciation costs climbed by 0 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 0 %. Profit before tax declined annually by -533.33 % but saw an increase from the preceding quarter by 0 %.
Tax expenses as a percentage of profits decreased slightly by -53.24 % compared to last year, with a more notable quarter-on-quarter decrease of -1.31 %. Net profit fell by -566.67 % year-on-year but witnessed a -27.27 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -641.54 % but a quarterly fall of -24.82 %. In summary, Sinnar Bidi Udyog Ltd.,’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 0.863 Cr | Rs. 1.237 Cr | Rs. 1.309 Cr | + 5.82 % | + 51.68 % |
| Expenses | Rs. 0.95 Cr | Rs. 1.4 Cr | Rs. 1.48 Cr | + 5.71 % | + 55.79 % |
| Operating Profit | Rs. -0.09 Cr | Rs. -0.16 Cr | Rs. -0.17 Cr | -6.25 % | -88.89 % |
| Net Profit | Rs. 0.03 Cr | Rs. -0.11 Cr | Rs. -0.14 Cr | -27.27 % | -566.67 % |
| EPS in Rs | Rs. 0.65 | Rs. -2.82 | Rs. -3.52 | -24.82 % | -641.54 % |
In reviewing Sinnar Bidi Udyog Ltd.,’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 51.68 % year-on-year growth, however, there was a minor increase of 5.82 % from the previous quarter. Expenses rose by 55.79 % compared to the previous year, with a 5.71 % increase quarter-on-quarter. Operating Profit dropped by -88.89 % annually, and saw a -6.25 % decrease from the last quarter.
Net Profit showed yearly decrease of -566.67 %, and experienced a -27.27 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -641.54 % annually, however dipped by -24.82 % compared to the last quarter. In essence, while Sinnar Bidi Udyog Ltd., faces strong annual decline indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
54
3-Year Profit
42
5-Year Profit
51
10-Year Profit
176
Current Price
4,272
Market Cap
For the company identified by BSE code 532406, the financial performance highlights a solid five-year profit of 42 percents. This figure escalates to 54 percents over the three-year period, pointing to positive momentum in its earnings. Despite these encouraging trends, the trailing twelve-month (TTM) figures uncover an alarming profit loss of 42 percents. This decline, coupled with the fact that the company recorded zero sales across all periods examined, raises red flags about the sustainability of its business model and its ability to generate consistent revenue. Furthermore, the stock price fluctuations during this period further reflect the company's uncertain position. The stock started at 113 percents but has since plummeted to 63 percents recently, painting a picture of rapid decline. Over a longer ten-year horizon, the stock price stood at 55 percents, further underscoring the long-term challenges the company faces in maintaining investor confidence and market value.
The company has a market capitalization of ₹4,272 crore and is currently trading at ₹176 per share. Historically, the stock has fluctuated within a range of ₹224 / 86.0, reflecting both the opportunities and risks that investors perceive in the company. The P/E ratio, at 72.7, is relatively high, suggesting that the market has priced in substantial future growth or is willing to pay a premium for the company’s current earnings. The book value per share stands at ₹8.09, which reflects the net asset value of the company divided by the number of outstanding shares. The dividend yield is 0.11%, providing shareholders with a consistent return on their investment. ROCE is 47.4%, indicating how well the company is using its capital to generate profits, while ROE at 38.7% highlights the returns generated from shareholders' equity. The debt-to-equity ratio is 0.09, signaling low financial leverage, which is typically seen as a positive indicator of financial health. However, the company’s negative net cash flow of ₹0.86 crore might raise concerns about its cash generation capabilities or capital expenditures. With a Piotroski score of 8.00, the company's financial stability is evaluated on several factors. Finally, the Graham Number, at ₹21.0, provides an estimate of the stock’s intrinsic value, while the Price-to-Book (P/B) ratio of 21.7 highlights that the stock is trading at a premium to its book value, potentially reflecting positive market sentiment or overvaluation risks.
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