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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 67.08 % in the past year, substantial increase in net sales/revenue by 27.45 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 15.98 %. Marginal decrease of -44.65% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Simran Farms Ltd.. Notable increase of 1351.58 % in net profit Year to Year, Simran Farms Ltd.’s profitability increased by 4373.85 % in this quarter.
- EPS over the Year and quarter: EPS increased by 1,355.70 % Year to Year. EPS increased by 4409.8 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 105.586 Cr | Rs. 138.42 Cr | Rs. 176.41 Cr | + 27.45 % | + 67.08 % |
| Expenses | Rs. 103.61 Cr | Rs. 138.13 Cr | Rs. 164.08 Cr | + 18.79 % | + 58.36 % |
| Operating Profit | Rs. 1.98 Cr | Rs. 0.29 Cr | Rs. 12.33 Cr | + 4151.72 % | + 522.73 % |
| OPM % | 1.88 % | 0.21 % | 6.99 % | + 6.78 % | + 5.11 % |
| Other Income | Rs. 0.482 Cr | Rs. 1.01 Cr | Rs. 0.559 Cr | -44.65 % | + 15.98 % |
| Interest | Rs. 0.67 Cr | Rs. 0.46 Cr | Rs. 0.19 Cr | -58.7 % | -71.64 % |
| Depreciation | Rs. 0.42 Cr | Rs. 0.61 Cr | Rs. 0.46 Cr | -24.59 % | + 9.52 % |
| Profit before tax | Rs. 1.37 Cr | Rs. 0.23 Cr | Rs. 12.24 Cr | + 5221.74 % | + 793.43 % |
| Tax % | 56.29 % | 16.31 % | 28.73 % | + 12.42 % | -27.56 % |
| Net Profit | Rs. 0.6 Cr | Rs. 0.2 Cr | Rs. 8.72 Cr | + 4260 % | + 1353.33 % |
| EPS in Rs | Rs. 1.58 | Rs. 0.51 | Rs. 23 | + 4409.8 % | + 1355.7 % |
Today, we’re looking at Simran Farms 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 67.08 %. However, it did see a marginal increase of 27.45 % from the previous quarter. Expenses ticked up slightly by 18.79 % quarter-on-quarter, aligning with the annual rise of 58.36 %. Operating profit, while up 522.73 % compared to last year, faced a quarter-on-quarter increase of 4151.72 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 5.11 %, but an expansion of 6.78 % sequentially. Other income fell by -44.65 % compared to the last quarter, despite an annual growth of 15.98 %. Interest expenses dropped significantly by -58.7 % from the previous quarter, yet the year-over-year decrease remains at a moderate -71.64 %. Depreciation costs fell by -24.59 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 9.52 %. Profit before tax grew annually by 793.43 % but saw an increase from the preceding quarter by 5221.74 %.
Tax expenses as a percentage of profits decreased slightly by -27.56 % compared to last year, with a more notable quarter-on-quarter increase of 12.42 %. Net profit rose by 1353.33 % year-on-year but experienced a 4260 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 1355.7 % but a quarterly rise of 4409.8 %. In summary, Simran Farms 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. 105.586 Cr | Rs. 138.42 Cr | Rs. 176.41 Cr | + 27.45 % | + 67.08 % |
| Expenses | Rs. 103.61 Cr | Rs. 138.13 Cr | Rs. 164.08 Cr | + 18.79 % | + 58.36 % |
| Operating Profit | Rs. 1.98 Cr | Rs. 0.29 Cr | Rs. 12.33 Cr | + 4151.72 % | + 522.73 % |
| Net Profit | Rs. 0.6 Cr | Rs. 0.2 Cr | Rs. 8.72 Cr | + 4260 % | + 1353.33 % |
| EPS in Rs | Rs. 1.58 | Rs. 0.51 | Rs. 23 | + 4409.8 % | + 1355.7 % |
In reviewing Simran Farms Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 67.08 % year-on-year growth, however, there was a minor increase of 27.45 % from the previous quarter. Expenses rose by 58.36 % compared to the previous year, with a 18.79 % increase quarter-on-quarter. Operating Profit surged by 522.73 % annually, and saw a 4151.72 % increase from the last quarter.
Net Profit showed yearly increase of 1353.33 %, and experienced a 4260 % increase from the previous quarter. Earnings Per Share (EPS) rose by 1355.7 % annually, however rose by 4409.8 % compared to the last quarter. In essence, while Simran Farms Ltd. exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.
54
3-Year Profit
42
5-Year Profit
51
10-Year Profit
157
Current Price
3,820
Market Cap
The financial outlook for the company under BSE code 532406 reveals a significant five-year profit of 42 percents. This marks a notable increase to 54 percents over the last three years, indicating a strong upward trend in the company's financial health during this period. However, it's important to note that recent challenges have impacted the company's performance, leading to a trailing twelve-month loss of 42 percents. This sharp decline in profitability is particularly concerning, as the company has also reported no sales across any analyzed timeframe, suggesting a highly unconventional and perhaps risky operational approach. The company's stock prices mirror this financial volatility, with the stock trading at 112 percents over the past five years but experiencing a dramatic drop to 47 percents within the last year. Over a decade, the stock price was at 49 percents, reflecting long-term concerns regarding the company's stability and future outlook. Such performance poses questions about the sustainability of the business and whether it can rebound from these recent setbacks.
The company currently holds a market cap of ₹3,820 crore, with its stock trading at ₹157. Historically, the stock has fluctuated between ₹224 / 86.0, reflecting its performance in response to market dynamics and various economic factors. The company's Price-to-Earnings (P/E) ratio stands at 65.0, indicating that the stock is perceived as highly valued by the market, possibly driven by expectations of future earnings growth. The book value per share is ₹8.09, which offers insight into the company's intrinsic worth, while its dividend yield of 0.12% provides a steady return for long-term investors. Return on Capital Employed (ROCE) is 47.4%, showcasing the company’s ability to generate profits from its capital investments. Return on Equity (ROE) is 38.7%, highlighting how efficiently the company uses shareholder funds to generate profits. The debt-to-equity ratio is very low at 0.09, which is a positive indicator of financial stability. However, the company’s net cash flow of ₹0.86 crore raises concerns about its liquidity position. The Piotroski score of 8.00 reflects the company’s overall financial health, while the Graham Number of ₹21.0 suggests the stock's intrinsic value. Despite these factors, the Price-to-Book (P/B) ratio of 19.4 indicates that the stock is trading at a premium to its book value, which might imply market optimism about the company's future growth prospects.
