Financials SMIFS Capital Markets Limited

Equities

SMIFS6

INE641A01013

Investment Banking & Brokerage Services

Market Closed - Bombay S.E. 06:00:53 2024-04-26 am EDT 5-day change 1st Jan Change
65.74 INR +3.54% Intraday chart for SMIFS Capital Markets Limited +6.20% +23.83%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 317.2 217.8 117.3 245.7 228.7 216.6
Enterprise Value (EV) 1 309.7 216.7 117.2 238.1 178.4 210.4
P/E ratio 12.8 x 45.9 x 162 x 88 x 11.3 x 42.6 x
Yield 1.76% - - - - -
Capitalization / Revenue 0.59 x 0.45 x 0.24 x 0.35 x 0.33 x 0.38 x
EV / Revenue 0.58 x 0.44 x 0.24 x 0.33 x 0.25 x 0.37 x
EV / EBITDA 21.2 x 16.6 x 15.6 x 18.3 x 25.3 x 21.1 x
EV / FCF -1.97 x -4.61 x 8.46 x 21.3 x 6.88 x -5.59 x
FCF Yield -50.7% -21.7% 11.8% 4.7% 14.5% -17.9%
Price to Book 0.29 x 0.2 x 0.12 x 0.24 x 0.2 x 0.19 x
Nbr of stocks (in thousands) 5,585 5,585 5,585 5,585 5,585 5,585
Reference price 2 56.80 39.00 21.00 44.00 40.95 38.79
Announcement Date 8/25/18 8/7/19 8/4/20 8/17/21 8/11/22 8/4/23
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 534.3 489 490.6 711.8 701.7 573.6
EBITDA 1 14.63 13.09 7.5 13.02 7.047 9.982
EBIT 1 7.941 6.845 1.896 8.598 3.466 7.085
Operating Margin 1.49% 1.4% 0.39% 1.21% 0.49% 1.24%
Earnings before Tax (EBT) 1 7.806 6.57 1.543 31.83 20.84 7.27
Net income 1 24.84 4.749 0.7315 2.808 20.23 5.104
Net margin 4.65% 0.97% 0.15% 0.39% 2.88% 0.89%
EPS 2 4.448 0.8500 0.1300 0.5000 3.620 0.9100
Free Cash Flow 1 -157.2 -46.95 13.85 11.19 25.95 -37.65
FCF margin -29.42% -9.6% 2.82% 1.57% 3.7% -6.56%
FCF Conversion (EBITDA) - - 184.62% 85.93% 368.21% -
FCF Conversion (Net income) - - 1,892.91% 398.38% 128.29% -
Dividend per Share 2 1.000 - - - - -
Announcement Date 8/25/18 8/7/19 8/4/20 8/17/21 8/11/22 8/4/23
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 7.5 1.15 0.09 7.6 50.3 6.26
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -157 -47 13.8 11.2 25.9 -37.6
ROE (net income / shareholders' equity) 2.3% 0.43% 0.07% 0.27% 1.84% 0.44%
ROA (Net income/ Total Assets) 0.45% 0.38% 0.11% 0.51% 0.19% 0.37%
Assets 1 5,464 1,235 662 548.2 10,673 1,398
Book Value Per Share 2 198.0 195.0 182.0 186.0 207.0 210.0
Cash Flow per Share 2 2.160 0.8500 0.5800 1.630 9.040 1.090
Capex 1 5.64 0.06 1.72 0.14 0.16 0.22
Capex / Sales 1.06% 0.01% 0.35% 0.02% 0.02% 0.04%
Announcement Date 8/25/18 8/7/19 8/4/20 8/17/21 8/11/22 8/4/23
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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