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Shiva Granito Export

BSE:540072
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
540072
BSE
₹24M
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 138 days ago. More info.


Add to Portfolio Compare Print
  • Shiva Granito Export has significant price volatility in the past 3 months.
540072 Share Price and Events
7 Day Returns
0%
BSE:540072
0.8%
IN Basic Materials
5.7%
IN Market
1 Year Returns
-69.5%
BSE:540072
-29.6%
IN Basic Materials
-26.5%
IN Market
540072 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Shiva Granito Export (540072) 0% -16.3% -29.9% -69.5% -79.8% -
IN Basic Materials 0.8% -23.9% -30.4% -29.6% -30.9% -9.3%
IN Market 5.7% -15.5% -26.4% -26.5% -18.9% -8.7%
1 Year Return vs Industry and Market
  • 540072 underperformed the Basic Materials industry which returned -29.6% over the past year.
  • 540072 underperformed the Market in India which returned -26.5% 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
Here we compare the current share price of Shiva Granito Export to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Shiva Granito Export.

BSE:540072 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 20.9%
Perpetual Growth Rate 10-Year IN Government Bond Rate 6.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BSE:540072
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 6.5%
Equity Risk Premium S&P Global 7.9%
Basic Materials Unlevered Beta Simply Wall St/ S&P Global 0.85
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.851 (1 + (1- 35%) (252.05%))
1.834
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.83
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 6.48% + (1.834 * 7.85%)
20.88%

Discounted Cash Flow Calculation for BSE:540072 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Shiva Granito Export is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

BSE:540072 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 20.88%)
2020 21.14 Est @ 52.87% 17.49
2021 29.38 Est @ 38.96% 20.11
2022 37.96 Est @ 29.21% 21.49
2023 46.46 Est @ 22.39% 21.76
2024 54.64 Est @ 17.62% 21.17
2025 62.44 Est @ 14.28% 20.02
2026 69.90 Est @ 11.94% 18.54
2027 77.10 Est @ 10.3% 16.92
2028 84.16 Est @ 9.15% 15.28
2029 91.19 Est @ 8.35% 13.69
Present value of next 10 years cash flows ₹186.00
BSE:540072 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ₹91.19 × (1 + 6.48%) ÷ (20.88% – 6.48%)
₹674.43
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹674.43 ÷ (1 + 20.88%)10
₹101.28
BSE:540072 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹186.00 + ₹101.28
₹287.28
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹287.28 / 13.22
₹21.74
BSE:540072 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹21.74
Current discount Discount to share price of ₹1.85
= -1 x (₹1.85 - ₹21.74) / ₹21.74
91.5%

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

Current Discount
Amount off the current price Shiva Granito Export is available for.
Intrinsic value
>50%
Share price is ₹1.85 vs Future cash flow value of ₹21.74
Current Discount Checks
For Shiva Granito Export to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Shiva Granito Export's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Shiva Granito Export's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 (2019-09-30) in INR ₹0.08
BSE:540072 Share Price ** BSE (2020-03-27) in INR ₹1.85
India Basic Materials Industry PE Ratio Median Figure of 50 Publicly-Listed Basic Materials Companies 10.21x
India Market PE Ratio Median Figure of 2,616 Publicly-Listed Companies 9.64x

* 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)

= 1.85 ÷ 0.08

21.82x

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

  • Shiva Granito Export is overvalued 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 21.82x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
India Basic Materials Industry PEG Ratio Median Figure of 14 Publicly-Listed Basic Materials Companies 0.9x
India Market PEG Ratio Median Figure of 399 Publicly-Listed Companies 0.85x

*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 (2019-09-30) in INR ₹11.35
BSE:540072 Share Price * BSE (2020-03-27) in INR ₹1.85
India Basic Materials Industry PB Ratio Median Figure of 58 Publicly-Listed Basic Materials Companies 0.63x
India Market PB Ratio Median Figure of 3,614 Publicly-Listed Companies 0.65x
BSE:540072 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 1.85 ÷ 11.35

0.16x

* 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 3/6, 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?

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 Shiva Granito Export 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
15.5%
Expected Basic Materials industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Shiva Granito Export expected to grow at an attractive rate?
  • Unable to compare Shiva Granito Export's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Shiva Granito Export's earnings growth to the India market average as no estimate data is available.
  • 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)
India Basic Materials Industry Earnings Growth Rate Market Cap Weighted Average 15.5%
India Basic Materials Industry Revenue Growth Rate Market Cap Weighted Average 8%
India Market Earnings Growth Rate Market Cap Weighted Average 19.5%
India Market Revenue Growth Rate Market Cap Weighted Average 8.8%

*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 (6 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 *
2019-09-30 177 14 1
2019-06-30 166 16 2
2019-03-31 155 17 3
2018-12-31 193 4
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

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Shiva Granito Export is high growth as no earnings estimate data is available.
  • 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 (6 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 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:540072 Past Financials Data
Date (Data in INR Millions) EPS *
2019-09-30 0.08
2019-06-30 0.15
2019-03-31 0.21
2018-12-31 0.28
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 -0.36

*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.

Next steps:

  1. Examine whether Shiva Granito Export is trading at Shiva Granito Export'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Shiva Granito Export's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Materials companies here
  3. Shiva Granito Export's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
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 0/6, 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?

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 6 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
2019-09-30 176.75 1.11 13.40
2019-06-30 165.99 1.95 12.96
2019-03-31 155.23 2.79 12.53
2018-12-31 193.22 3.77 12.45
2018-09-30 230.28 4.74 12.37
2018-06-30 221.87 4.06 12.38
2018-03-31 213.47 3.37 12.40
2017-12-31 199.08 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

*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 3.3x 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 6 months ago.

BSE:540072 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 146.53 61.62 3.25
2019-06-30 146.53 61.62 3.25
2019-03-31 144.72 76.42 3.33
2018-12-31 144.72 76.42 3.33
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
  • Shiva Granito Export's level of debt (42.1%) 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 (146.2% vs 42.1% today).
  • Debt is well covered by operating cash flow (23.2%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.4x 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 4/6, 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
13.51%
Current annual income from Shiva Granito Export dividends.
If you bought ₹2,000 of Shiva Granito Export shares you are expected to receive ₹270 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?
  • Shiva Granito Export's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.89%).
  • Shiva Granito Export's dividend is above the markets top 25% of dividend payers in India (3.79%).
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 38 Stocks 0.8%
India Market Average Dividend Yield Market Cap Weighted Average of 1419 Stocks 1.8%
India Minimum Threshold Dividend Yield 10th Percentile 0.4%
India Bottom 25% Dividend Yield 25th Percentile 0.9%
India Top 25% Dividend Yield 75th Percentile 3.8%

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 (%)
2019-10-14 0.250 9.959
2019-06-12 0.250 5.630
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 >

  • Shiva Granito Export has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Shiva Granito Export only paid a dividend in the past 3 years.
Current Payout to shareholders
What portion of Shiva Granito Export's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.3x coverage).
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 0.4%) - 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 2/6, 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 ₹900,000
AGE 62
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 increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Suresh's remuneration is lower than average for companies of similar size in India.
Management Team

Suresh Upadhyay

TITLE
Chairman & MD
COMPENSATION
₹900K
AGE
62

Abhinav Upadhyay

TITLE
Chief Financial Officer
COMPENSATION
₹600K
TENURE
4.3 yrs

Swati Maheshwari

TITLE
Company Secretary & Compliance Officer
COMPENSATION
₹188K
Board of Directors Tenure

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

4.3
Average Tenure
59
Average Age
  • The tenure for the Shiva Granito Export board of directors is about average.
Board of Directors

Suresh Upadhyay

TITLE
Chairman & MD
COMPENSATION
₹900K
AGE
62
TENURE
4.3 yrs

Tejendra Marvaha

TITLE
Independent Director
TENURE
2.1 yrs

Abhishek Upadhyay

TITLE
Director
COMPENSATION
₹600K
AGE
35
TENURE
4.3 yrs

Asha Upadhyay

TITLE
Non-Executive Director
AGE
59
TENURE
4.3 yrs

Rachna Upadhya

TITLE
Director
TENURE
2.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual 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; counter tops; 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
₹24,447,842
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: 2020/04/09 14:54
End of day share price update: 2020/03/27 00:00
Last earnings filing: 2019/11/23
Last earnings reported: 2019/09/30
Last annual earnings reported: 2019/03/31


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.