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Shiva Granito Export

BSE:540072
Snowflake Description

Mediocre balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
540072
BSE
₹74M
Market Cap
  1. Home
  2. IN
  3. Materials
Company description

Shiva Granito Export Limited manufactures and exports quartz stone slabs, various grades of resins, and quartz stone powder. The last earnings update was 189 days ago. More info.


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540072 Share Price and Events
7 Day Returns
7.3%
BSE:540072
-0%
IN Basic Materials
-0.1%
IN Market
1 Year Returns
-64.6%
BSE:540072
-0.7%
IN Basic Materials
-3.7%
IN Market
540072 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Shiva Granito Export (540072) 7.3% -14.1% 0.2% -64.6% - -
IN Basic Materials -0% -1.4% 20.3% -0.7% 31.3% 80.9%
IN Market -0.1% -5% 5.7% -3.7% 34.5% 38.6%
1 Year Return vs Industry and Market
  • 540072 underperformed the Basic Materials industry which returned -0.7% over the past year.
  • 540072 underperformed the Market in India which returned -3.7% over the past year.
Price Volatility
540072
Industry
5yr Volatility vs Market
Related Companies

540072 Value

 Is Shiva Granito Export undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Shiva Granito Export. This is due to cash flow or dividend data being unavailable. The share price is ₹6.01.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Shiva Granito Export's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Shiva Granito Export's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:540072 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in INR ₹0.35
BSE:540072 Share Price ** BSE (2019-05-20) in INR ₹6.01
India Basic Materials Industry PE Ratio Median Figure of 52 Publicly-Listed Basic Materials Companies 19.12x
India Market PE Ratio Median Figure of 2,759 Publicly-Listed Companies 15.1x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Shiva Granito Export.

BSE:540072 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:540072 Share Price ÷ EPS (both in INR)

= 6.01 ÷ 0.35

17.19x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Shiva Granito Export is good value based on earnings compared to the IN Basic Materials industry average.
  • Shiva Granito Export is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Shiva Granito Export's expected growth come at a high price?
Raw Data
BSE:540072 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.19x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
18.2%per year
India Basic Materials Industry PEG Ratio Median Figure of 22 Publicly-Listed Basic Materials Companies 1.75x
India Market PEG Ratio Median Figure of 558 Publicly-Listed Companies 1.25x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Shiva Granito Export, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Shiva Granito Export's assets?
Raw Data
BSE:540072 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in INR ₹10.81
BSE:540072 Share Price * BSE (2019-05-20) in INR ₹6.01
India Basic Materials Industry PB Ratio Median Figure of 64 Publicly-Listed Basic Materials Companies 1.28x
India Market PB Ratio Median Figure of 3,638 Publicly-Listed Companies 1.02x
BSE:540072 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:540072 Share Price ÷ Book Value per Share (both in INR)

= 6.01 ÷ 10.81

0.56x

* Primary Listing of Shiva Granito Export.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Shiva Granito Export is good value based on assets compared to the IN Basic Materials industry average.
X
Value checks
We assess Shiva Granito Export's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Basic Materials industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Basic Materials industry average (and greater than 0)? (1 check)
  5. Shiva Granito Export has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

540072 Future Performance

 How is Shiva Granito Export expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Shiva Granito Export, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
18.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Shiva Granito Export expected to grow at an attractive rate?
  • Shiva Granito Export's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Shiva Granito Export's earnings growth is expected to exceed the India market average.
  • Unable to compare Shiva Granito Export's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:540072 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:540072 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 18.2%
India Basic Materials Industry Earnings Growth Rate Market Cap Weighted Average 19.3%
India Basic Materials Industry Revenue Growth Rate Market Cap Weighted Average 10.3%
India Market Earnings Growth Rate Market Cap Weighted Average 16.9%
India Market Revenue Growth Rate Market Cap Weighted Average 10.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:540072 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:540072 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-09-30 230 5
2018-06-30 222 4
2018-03-31 213 -5 3
2017-12-31 199 7
2017-09-30 185 11
2017-06-30 188 13
2017-03-31 191 -23 16
2016-12-31 218 -6
2016-03-31 204 -323 -25

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Shiva Granito Export's earnings are expected to grow by 18.2% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Shiva Granito Export is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:540072 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Shiva Granito Export Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:540072 Past Financials Data
Date (Data in INR Millions) EPS *
2018-09-30 0.35
2018-06-30 0.30
2018-03-31 0.25
2017-12-31 0.53
2017-09-30 0.81
2017-06-30 1.00
2017-03-31 1.19
2016-12-31 -0.47
2016-03-31 -2.80

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Shiva Granito Export will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Shiva Granito Export's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Shiva Granito Export has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

540072 Past Performance

  How has Shiva Granito Export performed over the past 5 years?

  • Shiva Granito Export's last earnings update was 189 days ago.
The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Shiva Granito Export's growth in the last year to its industry (Basic Materials).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Shiva Granito Export has delivered over 20% year on year earnings growth in the past 5 years.
  • Shiva Granito Export's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Shiva Granito Export's 1-year earnings growth is negative, it can't be compared to the IN Basic Materials industry average.
Earnings and Revenue History
Shiva Granito Export's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Shiva Granito Export Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:540072 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 230.47 4.74 12.37
2018-06-30 221.97 4.06 12.38
2018-03-31 213.47 3.37 12.40
2017-12-31 199.31 7.02 10.96
2017-09-30 185.16 10.68 9.52
2017-06-30 188.04 13.17 10.58
2017-03-31 190.91 15.67 11.64
2016-12-31 218.36 -6.27 13.89
2016-03-31 203.93 -25.39 8.58
2015-03-31 145.39 -8.52 4.03
2014-03-31 25.24 -1.77 3.11
2013-03-31 -0.05 0.05

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Shiva Granito Export has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Shiva Granito Export used its assets less efficiently than the IN Basic Materials industry average last year based on Return on Assets.
  • Shiva Granito Export has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Shiva Granito Export's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Basic Materials industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Shiva Granito Export has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

540072 Health

 How is Shiva Granito Export's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Shiva Granito Export's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Shiva Granito Export is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Shiva Granito Export's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Shiva Granito Export's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Shiva Granito Export Company Filings, last reported 7 months ago.

BSE:540072 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 145.42 82.03 3.13
2018-06-30 145.42 82.03 3.13
2018-03-31 141.92 97.26 2.63
2017-12-31 141.92 97.26 2.63
2017-09-30 140.68 96.39 3.10
2017-06-30 140.68 96.39 3.10
2017-03-31 138.56 87.11 2.41
2016-12-31 138.56 87.11 2.41
2016-03-31 72.23 89.28 2.04
2015-03-31 90.59 111.90 0.06
2014-03-31 54.93 101.15 0.14
2013-03-31 29.25 44.34 1.96
  • Shiva Granito Export's level of debt (56.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (172.9% vs 56.4% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are not well covered by earnings (EBIT is 2.8x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Shiva Granito Export's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Shiva Granito Export has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

540072 Dividends

 What is Shiva Granito Export's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Shiva Granito Export dividends.
If you bought ₹2,000 of Shiva Granito Export shares you are expected to receive ₹0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Shiva Granito Export's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Shiva Granito Export's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:540072 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Basic Materials Industry Average Dividend Yield Market Cap Weighted Average of 39 Stocks 0.5%
India Market Average Dividend Yield Market Cap Weighted Average of 1400 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:540072 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-11-30 0.000 0.000
2018-10-16 0.000 0.000
2018-05-25 0.000 0.000
2017-06-02 0.200 1.199

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Shiva Granito Export has not reported any payouts.
  • Unable to verify if Shiva Granito Export's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Shiva Granito Export's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Shiva Granito Export has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Shiva Granito Export's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Shiva Granito Export afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Shiva Granito Export has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

540072 Management

 What is the CEO of Shiva Granito Export's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Suresh Upadhyay
COMPENSATION ₹745,000
AGE 61
CEO Bio

Mr. Suresh Upadhyay is the founder of Shiva Granito Export Limited and has been its Chairman since January 1, 2016 and has been its Whole Time Director since December 31, 2015 and serves as its MD. Mr. Upadhyay serves as Director of Shiva Explosives India Private Limited. He is a Commerce Graduate from University of Rajasthan.

CEO Compensation
  • Suresh's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Suresh's remuneration is lower than average for companies of similar size in India.
Management Team

Suresh Upadhyay

TITLE
Chairman & MD
COMPENSATION
₹745K
AGE
61

Abhinav Upadhyay

TITLE
Chief Financial Officer
COMPENSATION
₹375K
TENURE
3.3 yrs

Swati Maheshwari

TITLE
Company Secretary & Compliance Officer
COMPENSATION
₹180K
Board of Directors Tenure

Average tenure and age of the Shiva Granito Export board of directors in years:

3.3
Average Tenure
51.5
Average Age
  • The tenure for the Shiva Granito Export board of directors is about average.
Board of Directors

Suresh Upadhyay

TITLE
Chairman & MD
COMPENSATION
₹745K
AGE
61
TENURE
3.3 yrs

Meeta Raina

TITLE
Independent Director
AGE
45
TENURE
3.3 yrs

Tejendra Marvaha

TITLE
Independent Director
TENURE
1.2 yrs

Abhishek Upadhyay

TITLE
Director
COMPENSATION
₹600K
AGE
34
TENURE
3.4 yrs

Asha Upadhyay

TITLE
Non-Executive Director
AGE
58
TENURE
3.3 yrs

Rachna Upadhya

TITLE
Director
TENURE
1.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Shiva Granito Export's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Shiva Granito Export has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

540072 News

Simply Wall St News

540072 Company Info

Description

Shiva Granito Export Limited manufactures and exports quartz stone slabs, various grades of resins, and quartz stone powder. It also provides quartz stones, idols, and articles; and unsaturated resins under the Respol name. The company was formerly known as Shiva Exports Co. Shiva Granito Export Limited was founded in 2007 and is based in Udaipur, India.

Details
Name: Shiva Granito Export Limited
540072
Exchange: BSE
Founded: 2007
₹74,004,280
13,215,050
Website: http://www.shivaexport.in
Address: Shiva Granito Export Limited
8, Bhatt Ji Ki Baari District,
Udaipur,
Rajasthan, 313001,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 540072 Equity Shares Mumbai Stock Exchange IN INR 06. Sep 2016
Number of employees
Current staff
Staff numbers
0
Shiva Granito Export employees.
Industry
Construction Materials
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 13:04
End of day share price update: 2019/05/20 00:00
Last earnings filing: 2018/11/12
Last earnings reported: 2018/09/30
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.