Sturdy Industries Ltd

STURDY

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Market Cap

₹ 3 Cr

P/E

—

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Investment Checklist

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Performance

STEADY PERFORMER

Valuation

REASONABLE

Growth

STABLE

Profitability

LOW MARGIN

Technicals

Neutral

Risk

MODERATE RISK

Investment Checklist

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Price

PE Ratio

Price

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Overview

Detailed Summary

Sturdy Industries Ltd is a manufacturing company established in 1989, focusing on AAC, AAAC, ACSR conductors, ABC cables, irrigation systems, pipes, ducts, and tanks. It operates across agriculture, infrastructure, power, and telecom segments.

With a manufacturing capacity of 30,000 Km of ACSR Moose Conductors annually, Sturdy Industries has positioned itself strongly in the power transmission sector, supplying state and private entities.

The company's diversification into agricultural equipment underscores its strategic move to tap into the growing demand for efficient irrigation solutions, addressing water management challenges.

Sturdy Industries' infrastructure portfolio includes aluminium composite panels and asbestos-cement roofing sheets, catering to various building sector needs.

Its involvement in telecom through optical fiber cable ducts reflects adaptability to evolving industry requirements, ensuring connectivity solutions.

Sector

Non Ferrous Metals

Industry

Aluminium - Sheets / Coils / Wires / Others

Market Cap

3 Cr

Volatility

Low Risk

P/E Ratio

—

Industry P/E

29.4

PEG Ratio

—

P/B Ratio

—

52W High

0.40

52W Low

0.21

Sales CAGR

-71.96%

-69.70%

-56.36%

10Y

-45.94%

Profit CAGR

-217.55%

—

10Y

—

ROE

TTM

10.79%

12.69%

73.71%

10Y

243.59%

ROCE

TTM

-10.86%

90.75%

-135.57%

10Y

-22.83%

Technicals

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Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
MANAKALUCO	24.30	161 Cr	25.65	1.17	0.28	4.58	9.12	1.18
SACHEMT	4.17	49 Cr	23.18	0.94	0.00	4.11	5.67	2.72
AMCOIND	77.60	32 Cr	28.00	0.84	0.00	3.00	4.84	1.90
OML	27.90	22 Cr	9.88	0.73	0.00	0.00	0.00	0.00
BMAL	10.82	20 Cr	56.95	1.14	0.00	0.57	2.92	0.32
STURDY	0.23	3 Cr	—	0.00	0.00	10.79	-10.86	-7.28
GALPOWTEL	2.27	2 Cr	—	0.00	0.00	19.60	-31.12	335.66

Financial Statements

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Standalone Quarterly Results (in ₹ Crores)

Total Figures

QoQ Changes

Total Figures

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Sales	1.53	2.43	0.23	0.10	0.58	0.01	0.01	0.10	0.23	0.00
Expenses	7.06	3.98	1.16	1.62	2.55	0.84	5.71	0.33	3.00	0.24
Operating Profit	-5.53	-1.55	-0.93	-1.52	-1.97	-0.83	-5.70	-0.23	-2.77	-0.24
OPM %	-361.44	-63.79	-404.35	-1,520.00	-339.66	-8,300.00	-57,000.00	-230.00	-1,204.35	—
Other Income	-0.04	0.04	0.05	0.08	2.14	0.00	0.00	0.00	0.05	0.00
Interest	0.10	0.00	0.00	0.01	0.00	0.00	0.00	0.01	0.00	0.00
Depreciation	1.02	0.65	0.30	0.30	1.27	0.63	0.63	0.63	0.26	0.00
Profit Before Tax	-6.69	-2.16	-1.13	-1.75	-1.10	-1.46	-6.33	-0.87	-2.98	-0.24
Tax %	126.16	0.00	0.00	0.00	173.64	0.00	0.00	0.00	83.56	0.00
Net Profit	1.75	-2.16	-1.13	-1.75	0.81	-1.46	-6.33	-0.87	-0.49	-0.24
EPS in Rs	1,66,37,906.34	-2,11,75,517.16	6,65,51,625.36	-1,81,50,443.28	75,62,684.70	-1,36,12,832.46	-6,20,14,014.54	-75,62,684.70	—	—

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Sales	860	446	443	414	215	185	122	51	12	3.39
Expenses	840	429	413	395	248	190	234	66	22	9.32
Operating Profit	21	17	30	19	-33	-5.00	-112	-15	-10	-5.93
OPM %	2.38	3.84	6.82	4.52	-15.53	-2.70	-91.82	-29.53	-84.24	-174.75
Other Income	1.56	1.75	5.28	11	22	10	26	1.41	8.33	0.21
Interest	18	20	24	11	3.46	5.97	9.34	13	0.23	0.00
Depreciation	4.99	9.65	8.77	6.86	6.02	3.25	3.33	3.03	2.77	2.51
Profit Before Tax	-20	-26	-17	-2.72	-25	-20	-183	-40	-4.86	-6.13
Tax %	-9.22	20.51	31.18	-44.32	14.46	9.83	13.65	26.44	173.77	31.13
Net Profit	-22	-21	-12	-3.93	-22	-18	-158	-29	3.59	-4.22
EPS in Rs	—	—	-19,80,71,596.80	15,08,41,577.70	-43,25,85,564.84	-19,20,92,191.38	-1,17,82,66,276.26	-37,51,09,161.12	3,47,88,349.62	3,47,88,349.62
Dividend Payout %	0.00	0.00	—	—	—	0.00	0.00	0.00	0.00	0.00

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Equity Capital	13	13	15	30	30	30	30	30	30	30
Reserves	33	13	10	8.46	-13	-31	-192	-222	-225	-230
Borrowings	217	238	257	186	226	252	291	338	326	323
Other Liabilities	90	88	79	108	59	34	20	9.50	3.71	1.14
Total Liabilities	353	351	361	332	302	285	149	157	136	124
Fixed Assets	88	84	81	69	62	59	52	45	34	29
CWIP	0.92	0.92	0.92	1.00	1.07	1.64	1.64	1.64	1.64	1.64
Investments	0.16	0.16	0.51	0.31	0.31	0.31	0.31	0.31	0.31	0.31
Other Assets	264	266	279	262	238	224	95	110	100	93
Total Assets	353	351	361	332	302	285	149	157	136	124

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Cash from Operating Activity	20	2.12	-68	18	17	8.12	19	-35	4.54	-1.57
Cash from Investing Activity	-18	-0.20	-5.65	14	7.09	-0.63	2.61	1.49	9.58	3.00
Cash from Financing Activity	-3.35	1.43	68	-35	-23	-6.31	-23	34	-19	-3.71
Net Cash Flow	-2.05	3.35	-5.12	-2.97	0.48	1.19	-1.63	0.27	-4.67	-2.28

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Promoters	24.54%	24.54%	24.54%	24.54%	24.54%	24.54%	24.54%	12.09%	12.09%	12.09%	12.09%	12.09%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DIIs	25.00%	25.00%	25.00%	20.79%	10.85%	10.20%	7.27%	7.27%	7.27%	7.27%	7.27%	0.00%
Public	50.46%	50.46%	50.47%	54.67%	64.61%	65.26%	68.19%	80.64%	80.64%	80.64%	80.64%	87.91%
Total Shareholders	5,177	5,194	5,177	6,664	7,534	7,487	22,565	28,362	30,397	30,613	31,061	31,309

Projection

Actions

Action Type

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Announcements

Last 7 days

Newest

Sentiment

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Documents

Presentations

Concalls

Reports

Presentations

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Overview

Detailed Summary

With a manufacturing capacity of 30,000 Km of ACSR Moose Conductors annually, Sturdy Industries has positioned itself strongly in the power transmission sector, supplying state and private entities.

The company's diversification into agricultural equipment underscores its strategic move to tap into the growing demand for efficient irrigation solutions, addressing water management challenges.

Sturdy Industries' infrastructure portfolio includes aluminium composite panels and asbestos-cement roofing sheets, catering to various building sector needs.

Its involvement in telecom through optical fiber cable ducts reflects adaptability to evolving industry requirements, ensuring connectivity solutions.

Sector

Non Ferrous Metals

Industry

Aluminium - Sheets / Coils / Wires / Others

Market Cap

3 Cr

Volatility

Low Risk

P/E Ratio

—

Industry P/E

29.4

PEG Ratio

—

P/B Ratio

—

52W High

0.40

52W Low

0.21

Sales CAGR

-71.96%

-69.70%

-56.36%

10Y

-45.94%

Profit CAGR

-217.55%

—

10Y

—

ROE

TTM

10.79%

12.69%

73.71%

10Y

243.59%

ROCE

TTM

-10.86%

90.75%

-135.57%

10Y

-22.83%

Oscillators

BearishNeutralBullish

Neutral

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Neutral

Bearish

Neutral

Bullish

Moving Averages

BearishNeutralBullish

Neutral

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Neutral

Bearish

Neutral

Bullish

Financial Statements

AI Powered Summary

Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

AI Mode

Standalone Quarterly Results (in ₹ Crores)

Total Figures

QoQ Changes

Total Figures

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Sales	1.53	2.43	0.23	0.10	0.58	0.01	0.01	0.10	0.23	0.00
Expenses	7.06	3.98	1.16	1.62	2.55	0.84	5.71	0.33	3.00	0.24
Operating Profit	-5.53	-1.55	-0.93	-1.52	-1.97	-0.83	-5.70	-0.23	-2.77	-0.24
OPM %	-361.44	-63.79	-404.35	-1,520.00	-339.66	-8,300.00	-57,000.00	-230.00	-1,204.35	—
Other Income	-0.04	0.04	0.05	0.08	2.14	0.00	0.00	0.00	0.05	0.00
Interest	0.10	0.00	0.00	0.01	0.00	0.00	0.00	0.01	0.00	0.00
Depreciation	1.02	0.65	0.30	0.30	1.27	0.63	0.63	0.63	0.26	0.00
Profit Before Tax	-6.69	-2.16	-1.13	-1.75	-1.10	-1.46	-6.33	-0.87	-2.98	-0.24
Tax %	126.16	0.00	0.00	0.00	173.64	0.00	0.00	0.00	83.56	0.00
Net Profit	1.75	-2.16	-1.13	-1.75	0.81	-1.46	-6.33	-0.87	-0.49	-0.24
EPS in Rs	1,66,37,906.34	-2,11,75,517.16	6,65,51,625.36	-1,81,50,443.28	75,62,684.70	-1,36,12,832.46	-6,20,14,014.54	-75,62,684.70	—	—

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Sales	860	446	443	414	215	185	122	51	12	3.39
Expenses	840	429	413	395	248	190	234	66	22	9.32
Operating Profit	21	17	30	19	-33	-5.00	-112	-15	-10	-5.93
OPM %	2.38	3.84	6.82	4.52	-15.53	-2.70	-91.82	-29.53	-84.24	-174.75
Other Income	1.56	1.75	5.28	11	22	10	26	1.41	8.33	0.21
Interest	18	20	24	11	3.46	5.97	9.34	13	0.23	0.00
Depreciation	4.99	9.65	8.77	6.86	6.02	3.25	3.33	3.03	2.77	2.51
Profit Before Tax	-20	-26	-17	-2.72	-25	-20	-183	-40	-4.86	-6.13
Tax %	-9.22	20.51	31.18	-44.32	14.46	9.83	13.65	26.44	173.77	31.13
Net Profit	-22	-21	-12	-3.93	-22	-18	-158	-29	3.59	-4.22
EPS in Rs	—	—	-19,80,71,596.80	15,08,41,577.70	-43,25,85,564.84	-19,20,92,191.38	-1,17,82,66,276.26	-37,51,09,161.12	3,47,88,349.62	3,47,88,349.62
Dividend Payout %	0.00	0.00	—	—	—	0.00	0.00	0.00	0.00	0.00

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Equity Capital	13	13	15	30	30	30	30	30	30	30
Reserves	33	13	10	8.46	-13	-31	-192	-222	-225	-230
Borrowings	217	238	257	186	226	252	291	338	326	323
Other Liabilities	90	88	79	108	59	34	20	9.50	3.71	1.14
Total Liabilities	353	351	361	332	302	285	149	157	136	124
Fixed Assets	88	84	81	69	62	59	52	45	34	29
CWIP	0.92	0.92	0.92	1.00	1.07	1.64	1.64	1.64	1.64	1.64
Investments	0.16	0.16	0.51	0.31	0.31	0.31	0.31	0.31	0.31	0.31
Other Assets	264	266	279	262	238	224	95	110	100	93
Total Assets	353	351	361	332	302	285	149	157	136	124

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Cash from Operating Activity	20	2.12	-68	18	17	8.12	19	-35	4.54	-1.57
Cash from Investing Activity	-18	-0.20	-5.65	14	7.09	-0.63	2.61	1.49	9.58	3.00
Cash from Financing Activity	-3.35	1.43	68	-35	-23	-6.31	-23	34	-19	-3.71
Net Cash Flow	-2.05	3.35	-5.12	-2.97	0.48	1.19	-1.63	0.27	-4.67	-2.28

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
MANAKALUCO	24.30	161 Cr	25.65	1.17	0.28	4.58	9.12	1.18
SACHEMT	4.17	49 Cr	23.18	0.94	0.00	4.11	5.67	2.72
AMCOIND	77.60	32 Cr	28.00	0.84	0.00	3.00	4.84	1.90
OML	27.90	22 Cr	9.88	0.73	0.00	0.00	0.00	0.00
BMAL	10.82	20 Cr	56.95	1.14	0.00	0.57	2.92	0.32
STURDY	0.23	3 Cr	—	0.00	0.00	10.79	-10.86	-7.28
GALPOWTEL	2.27	2 Cr	—	0.00	0.00	19.60	-31.12	335.66