BSE:500370

Stock Analysis Report

Salora International

Executive Summary

Salora International Limited operates in the consumer electronics industry in India and internationally.

Risk Analysis

Earnings have declined by -55.1% per year over past 5 years

Does not have a meaningful market cap (₹114M)

Currently unprofitable and not forecast to become profitable over the next 3 years



Snowflake Analysis

Imperfect balance sheet and overvalued.

Share Price & News

How has Salora International's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 500370 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0.2%

500370

-5.9%

IN Electronic

-1.5%

IN Market


1 Year Return

-36.1%

500370

47.4%

IN Electronic

10.7%

IN Market

Return vs Industry: 500370 underperformed the Indian Electronic industry which returned 49.5% over the past year.

Return vs Market: 500370 underperformed the Indian Market which returned 11.1% over the past year.


Shareholder returns

500370IndustryMarket
7 Day0.2%-5.9%-1.5%
30 Day8.3%19.3%-2.7%
90 Day24.3%23.1%1.3%
1 Year-36.1%-36.1%48.6%47.4%12.7%10.7%
3 Year-80.3%-80.3%108.9%103.5%22.0%15.1%
5 Year-64.6%-64.6%88.3%81.5%34.5%22.0%

Price Volatility Vs. Market

How volatile is Salora International's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Salora International undervalued compared to its fair value and its price relative to the market?

0.17x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 500370's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 500370's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 500370 is unprofitable, so we can't compare its PE Ratio to the Electronic industry average.

PE vs Market: 500370 is unprofitable, so we can't compare its PE Ratio to the Indian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 500370's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 500370 is good value based on its PB Ratio (0.2x) compared to the IN Electronic industry average (0.8x).


Next Steps

Future Growth

How is Salora International forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

24.2%

Forecasted Tech industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Salora International has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Salora International performed over the past 5 years?

-55.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 500370 is currently unprofitable.

Growing Profit Margin: 500370 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 500370 is unprofitable, and losses have increased over the past 5 years at a rate of -55.1% per year.

Accelerating Growth: Unable to compare 500370's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 500370 is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (10.6%).


Return on Equity

High ROE: 500370 has a negative Return on Equity (-7.9%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Salora International's financial position?


Financial Position Analysis

Short Term Liabilities: 500370's short term assets (₹1.1B) exceed its short term liabilities (₹940.5M).

Long Term Liabilities: 500370's short term assets (₹1.1B) exceed its long term liabilities (₹178.5M).


Debt to Equity History and Analysis

Debt Level: 500370's debt to equity ratio (103.2%) is considered high.

Reducing Debt: 500370's debt to equity ratio has increased from 42.4% to 103.2% over the past 5 years.


Balance Sheet

Inventory Level: 500370 has a high level of physical assets or inventory.

Debt Coverage by Assets: 500370's debt is covered by short term assets (assets are 1.6x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Insufficient data to determine if 500370 has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if 500370 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Salora International's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%0.6%markettop25%2.6%industryaverage0.5%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate 500370's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 500370's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 500370's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 500370's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 500370 is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 500370's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.7yrs

Average board tenure


CEO

Gopal K. Jiwarajka (59yo)

27.8yrs

Tenure

₹606,235

Compensation

Mr. Gopal K. Sitaram Jiwarajka has been the Managing Director of Salora International Ltd. since April 1, 1992. Mr. Jiwarajka has been instrumental in setting up seven (7)manufacturing plants for colour te ...


CEO Compensation Analysis

Compensation vs Market: Gopal K.'s total compensation ($USD8.50K) is below average for companies of similar size in the Indian market ($USD50.25K).

Compensation vs Earnings: Gopal K.'s compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Gopal K. Jiwarajka
Chairman & MD27.8yrs₹606.24k47.84% 54.6m
Tarun Jiwarajka
CFO & Whole Time Director8.3yrs₹1.92m4.23% 4.8m
Neetu Jiwarajka
Executive Director3.7yrs₹698.83k8.3% 9.5m
Sanjeev Duggal
Non Executive Independent Director14.3yrs₹40.00kno data
Karna Mehta
Non-Executive Independent Director3.5yrs₹70.00kno data
Paramartha Saikia
Independent & Non-Executive Director0.3yrsno datano data

3.7yrs

Average Tenure

58.5yo

Average Age

Experienced Board: 500370's board of directors are considered experienced (3.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Salora International Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Salora International Limited
  • Ticker: 500370
  • Exchange: BSE
  • Founded: 1968
  • Industry: Technology Distributors
  • Sector: Tech
  • Market Cap: ₹114.143m
  • Shares outstanding: 8.81m
  • Website: https://www.salora.com

Location

  • Salora International Limited
  • B-50, Sector-80
  • Phase-II
  • Noida
  • Delhi
  • 201305
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
500370BSE (Mumbai Stock Exchange)YesEquity SharesININRDec 1994
SALORAINTLNSEI (National Stock Exchange of India)YesEquity SharesININRDec 1994

Biography

Salora International Limited operates in the consumer electronics industry in India and internationally. It operates through two segments, Consumer Electronic Division and Wind Energy. The company offers LED TVs, CRT TVs, TV components, home theaters, mobile phones, mobile batteries and chargers, smartphones, tablets, multimedia speaker systems, 3G data cards, and melamine and glassware products; and feature phones, fly back transformers, loudspeakers, deflection yokes, TV sets, sub-assemblies, etc. It also distributes various information technology (IT) and telecom products, such as laptops and smart watches; and trades in smart phones, etc. In addition, the company generates wind power; and offers sales and services under the Alcatel One touch and Zojirushi brands. It has five wind turbines having a capacity of 6.25 MW located at the Dhule, Maharashtra. The company serves the consumer electronics, telecom, IT, and lifestyle industries. Salora International Limited was founded in 1968 and is based in Noida, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/18 12:53
End of Day Share Price2020/02/18 00:00
Earnings2019/03/31
Annual Earnings2019/03/31


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.