Smiths & Founder

What does Smiths & Founder do?

Smiths & Founders (India) Ltd is a micro-cap company in the castings and forgings industry, originally established in 1982 and rebranded in 2014. As of March 2025, it reported net sales of 3 Cr and a market cap of Rs 60 Cr.

Overview:<BR>Smiths & Founders (India) Ltd operates in the castings and forgings industry and is categorized as a micro-cap company.<BR><BR>History:<BR>The company was originally established in 1982 and underwent several name changes, becoming 'Shimoga Forge Limited' in October 1990, then 'Shimoga Technologies Limited' on January 3, 2002. It was rebranded to 'Smiths & Founders (India) Limited' on March 27, 2014, following a merger process. The latest quarterly results reported net sales and net profit for March 2025.<BR><BR>Financial Snapshot:<BR>- Net Sales: 3 Cr (Quarterly Results - Mar 2025)<BR>- Net Profit: 0 Cr (Quarterly Results - Mar 2025)<BR>- Market Cap: Rs 60 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: 42.00<BR>- Industry P/E: 33<BR>- Dividend Yield: 0.00%<BR>- Debt-Equity: 0.02<BR>- Return on Equity: 7.09%<BR>- Price to Book: 2.96<BR><BR>Contact Details:<BR>Address: No 505 5th Floor Brigade Rubix, No 20 HMT Main Road Bangalore Karnataka : 560013<BR>Tel: 91-80-64503851/52<BR>Email: mail@shimogatechnologies.com<BR>Website: http://www.smithsandfoundersindia.com

Who are in the management team of Smiths & Founder?

As of March 2023, the management team of Smiths & Founder includes V Parthasarathy, Sudhindra N Kalghatgi, Shailaja Suresh, Suresh Shastry (Chairman & Managing Director), Roopashree B Shettigar (Company Secretary & Compliance Officer), and Ramesh, all serving in various governance roles.

As of March 2023, the management team of Smiths & Founder includes the following individuals:<BR><BR>1. V Parthasarathy - Independent Director<BR>2. Sudhindra N Kalghatgi - Independent Director<BR>3. Shailaja Suresh - Non Executive Director<BR>4. Suresh Shastry - Chairman & Managing Director<BR>5. Roopashree B Shettigar - Company Secretary & Compliance Officer<BR>6. Ramesh - Independent Director<BR><BR>These members play various roles within the company's governance structure.

When is the next results date for Smiths & Founder?

No Upcoming Board Meetings

Has Smiths & Founder declared dividend?

No Dividend History Available

Who are the peers of the Smiths & Founder?

Peers of Smiths & Founder include AIA Engineering, Happy Forgings, Balu Forge, Steelcast, Amic Forging, Nelcast, Synergy Green, and Ganga Forging. Smiths & Founder has below-average management risk and growth, with a 1-year return of 13.37%.

Peers: The peers of Smiths & Founder are AIA Engineering, Happy Forgings, Balu Forge, Steelcast, Amic Forging, Nelcast, Synergy Green, Inv.& Prec.Cast., Ganga Forging.<BR><BR>Quality Snapshot: Excellent management risk is observed at AIA Engineering, while Average management risk is found at Happy Forgings, Balu Forge, Steelcast, Amic Forging, Nelcast, Synergy Green, and Inv.& Prec.Cast., and the rest. Below Average management risk is noted for Smiths & Founder and Ganga Forging. Growth is Excellent at Balu Forge, Good at Amic Forging, and Average at Happy Forgings, Steelcast, Synergy Green, and Inv.& Prec.Cast., and the rest, while Below Average growth is seen at AIA Engineering, Nelcast, Smiths & Founder, and Ganga Forging. Capital Structure is Excellent at AIA Engineering, Happy Forgings, Balu Forge, Steelcast, and Amic Forging, Good at Amic Forging, and Below Average at Nelcast, Synergy Green, Inv.& Prec.Cast., Smiths & Founder, Ganga Forging.<BR><BR>Return Snapshot: Balu Forge has the highest 1-year return at 155.27%, while Happy Forgings has the lowest at -15.08%. Smiths & Founder’s 1-year return of 13.37% is higher than that of Happy Forgings but lower than Balu Forge. Additionally, Smiths & Founder, Ganga Forging, and Happy Forgings have negative six-month returns.

What is the technical trend for Smiths & Founder?

As of May 30, 2025, Smiths & Founder is in a moderately bearish trend, indicated by a bearish MACD and moving averages, with the current price at 5.88, down from 5.92.

As of 30 May 2025, the technical trend for Smiths & Founder has changed from mildly bearish to bearish. The current stance is bearish with a moderate strength. Key indicators driving this include a bearish MACD on the weekly chart and bearish moving averages on the daily chart. The Bollinger Bands also reflect a mildly bearish trend on both weekly and monthly time frames. The KST shows a mildly bullish signal on the weekly but is mildly bearish on the monthly, indicating some mixed signals. Overall, the bearish trend is supported by the recent price action, with the current price at 5.88, down from the previous close of 5.92.

Who are the top shareholders of the Smiths & Founder?

The top shareholders of Smiths & Founder are Suresh Shastry with 28.64%, Supriya Shastry with 18.27%, and individual investors holding 10.83%. There are no institutional or mutual fund holdings.

The top shareholders of Smiths & Founder include Suresh Shastry, who holds the largest share at 28.64%. Following him is Supriya Shastry, with an 18.27% stake. Additionally, individual investors collectively hold 10.83% of the company's shares. There are no institutional holdings or mutual funds involved in the shareholding structure.

How big is Smiths & Founder?

As of 24th July, Smiths & Founders (India) Ltd has a market capitalization of 53.00 Cr, with recent net sales of 13.21 Cr and a net profit of 1.41 Cr. Shareholder's funds are 18.94 Cr and total assets amount to 22.94 Cr.

As of 24th July, Smiths & Founders (India) Ltd has a market capitalization of 53.00 Cr, categorizing it as a Micro Cap company.<BR><BR>For the latest four quarters, the company reported Net Sales of 13.21 Cr and a Net Profit of 1.41 Cr.<BR><BR>The latest annual period for the balance sheet is March 2024, with Shareholder's Funds amounting to 18.94 Cr and Total Assets of 22.94 Cr.

How has been the historical performance of Smiths & Founder?

Smiths & Founder has shown growth in net sales and profitability from Mar'23 to Mar'25, with net sales increasing from 10.46 Cr to 13.22 Cr and profit after tax rising from 0.24 Cr to 1.05 Cr. However, total assets slightly declined, and total debt significantly decreased, indicating improved financial health amidst fluctuations.

Answer:<BR>The historical performance of Smiths & Founder shows a mixed trend over the years, with notable fluctuations in revenue and profitability.<BR><BR>Breakdown:<BR>Smiths & Founder has experienced growth in net sales, increasing from 10.46 Cr in Mar'23 to 13.22 Cr in Mar'25. However, total operating income followed a similar upward trajectory, reaching 13.22 Cr in Mar'25, up from 10.46 Cr in Mar'23. The total expenditure also rose, from 9.68 Cr in Mar'23 to 11.50 Cr in Mar'25, impacting operating profit, which saw an increase to 1.79 Cr in Mar'25 from 0.79 Cr in Mar'23. Profit before tax improved significantly from 0.24 Cr in Mar'23 to 1.42 Cr in Mar'25, while profit after tax also rose to 1.05 Cr in Mar'25 from 0.24 Cr in Mar'23. The company's total assets were stable, recorded at 22.30 Cr in Mar'25, slightly down from 22.94 Cr in Mar'24. Notably, total debt decreased from 2.91 Cr in Mar'23 to 0.41 Cr in Mar'25, indicating improved financial health. Overall, while Smiths & Founder has shown growth in sales and profitability, its asset base and total liabilities have seen fluctuations, reflecting a complex financial landscape.

Is Smiths & Founder overvalued or undervalued?

As of November 4, 2025, Smiths & Founder is considered overvalued with a valuation grade of expensive, reflected by a PE ratio of 43.12 and an EV to EBITDA of 24.99, especially when compared to peers like Bharat Forge and CIE Automotive, and it has underperformed the Sensex with a 26.66% decline over the past year.

As of 4 November 2025, the valuation grade for Smiths & Founder has moved from very expensive to expensive. The company is currently considered overvalued based on its financial ratios. The PE ratio stands at 43.12, while the EV to EBITDA ratio is 24.99, and the PEG ratio is 2.36, indicating a high valuation relative to its earnings growth potential.<BR><BR>In comparison to its peers, Bharat Forge has a PE ratio of 61.77 and an EV to EBITDA of 25.67, while CIE Automotive, which is rated attractive, has a significantly lower PE ratio of 20.5 and an EV to EBITDA of 12.17. This suggests that Smiths & Founder is trading at a premium compared to some of its peers, which reinforces the conclusion of being overvalued. Additionally, the company's stock has underperformed against the Sensex, particularly over the year, where it has declined by 26.66% compared to a 5.94% gain in the index.

Are Smiths & Founders (India) Ltd latest results good or bad?

Smiths & Founders (India) Ltd's latest results are mixed; while net profit increased 4.35% quarter-on-quarter, it declined 35.14% year-on-year, and revenue fell 10.99% from the previous quarter despite a 5.59% year-on-year increase. Overall, the significant year-on-year declines and operational challenges suggest a more negative outlook.

The latest results for Smiths & Founders (India) Ltd present a mixed picture. On one hand, the company reported a net profit of ₹0.24 crore for Q3 FY26, which is a 4.35% increase compared to the previous quarter. However, this figure represents a significant decline of 35.14% year-on-year. <BR><BR>Revenue for the same quarter was ₹3.40 crore, reflecting a concerning 10.99% decrease from the previous quarter, although it did show a modest year-on-year increase of 5.59%. The operating margin improved slightly to 11.76% from the previous quarter, but it has decreased by 190 basis points compared to the same quarter last year.<BR><BR>Overall, while there are some positive signs in terms of sequential profit growth and revenue stability year-on-year, the substantial year-on-year decline in net profit and the drop in revenue from the previous quarter raise concerns about the company's demand momentum and profitability. Additionally, the stock has been underperforming, trading close to its 52-week low, which further complicates the outlook. <BR><BR>In summary, the results can be seen as more negative than positive due to the significant year-on-year declines and ongoing operational challenges.

Should I buy, sell or hold Smiths & Founders (India) Ltd?

Why is Smiths & Founders (India) Ltd falling/rising?

As of 02-Feb, Smiths & Founders (India) Ltd is facing a significant decline in its stock price, currently at Rs 4.69, with a year-to-date drop of 6.57% and a staggering 36.28% decline over the past year, underperforming the Sensex. Weak fundamentals, declining investor interest, and unfavorable trading conditions are contributing to this negative trend.

As of 02-Feb, Smiths & Founders (India) Ltd is experiencing a decline in its stock price, currently at Rs 4.69, which reflects a change of -0.29 or -5.82%. This downward movement is supported by several factors highlighted in the data. Over the past week, the stock has fallen by 5.06%, while the benchmark Sensex has slightly increased by 0.16%. In the last month, the stock's performance has been even more concerning, with a decline of 10.50% compared to a smaller drop of 4.78% in the Sensex.<BR><BR>The stock's year-to-date performance shows a decrease of 6.57%, again underperforming the Sensex, which has only dropped by 4.17%. Over the past year, the stock has significantly underperformed, with a staggering decline of 36.28%, while the Sensex has gained 5.37%. This trend of poor performance is consistent across various time frames, including a 3-year underperformance against the BSE500.<BR><BR>Today's trading activity indicates that the stock is close to its 52-week low, being just 1.92% away from Rs 4.6. Additionally, the stock has underperformed its sector by 9.54% today, and it is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. There is also a notable decline in investor participation, with delivery volume dropping by 84.36% compared to the 5-day average.<BR><BR>The company's fundamentals are weak, as evidenced by an average Return on Capital Employed (ROCE) of 8.31% and a poor EBIT to Interest ratio of 1.14, indicating challenges in servicing its debt. Moreover, the stock's valuation appears expensive relative to its return on equity (ROE) of 5.4 and a Price to Book Value of 2.3. The company's net sales and operating profit growth rates over the last five years are also lackluster, contributing to a negative outlook.<BR><BR>In summary, the combination of poor stock performance relative to benchmarks, weak fundamentals, declining investor interest, and unfavorable trading conditions are driving the stock price of Smiths & Founders (India) Ltd downward.

Which are the latest news on Smiths & Founder?