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.

Are Smiths & Founder latest results good or bad?

Smiths & Founders' latest results are unfavorable, showing a 29.73% decline in net profit to ₹0.26 crore and a slight revenue decrease of 0.62% to ₹3.23 crore, alongside declining operating and PAT margins due to rising costs. Concerns about sustainability are heightened by a high valuation multiple of 41 times trailing earnings.

The latest results for Smiths & Founders indicate a challenging performance. In Q1 FY26, the company reported a net profit of ₹0.26 crore, which represents a significant decline of 29.73% compared to the previous quarter. Revenue also saw a slight decrease, falling by 0.62% to ₹3.23 crore. <BR><BR>Additionally, both operating margin and PAT margin experienced notable contractions, with the operating margin dropping to 11.46% and the PAT margin to 8.05%. These figures reflect rising operational costs, particularly in employee expenses, which have impacted profitability.<BR><BR>Overall, the results suggest that Smiths & Founders is facing operational challenges, with stagnating revenue and declining margins. This performance, combined with a high valuation multiple of 41 times trailing earnings, raises concerns about the sustainability of its current price levels. Therefore, the latest results can be characterized as unfavorable.

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.

Should I buy, sell or hold Smiths & Founder?

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.

Which are the latest news on Smiths & Founder?

Why is Smiths & Founder falling/rising?

As of 04-Dec, the stock price of Smiths & Founders (India) Ltd is rising to Rs. 4.95, driven by a trend reversal and increased investor participation. However, despite today's gains, the stock's long-term performance is weak, with significant declines and concerning fundamentals.

As of 04-Dec, the stock price of Smiths & Founders (India) Ltd is rising, currently at Rs. 4.95, reflecting an increase of 0.13 or 2.7%. This rise can be attributed to several factors. Firstly, the stock has shown a trend reversal by gaining after two consecutive days of decline, indicating a potential shift in market sentiment. Additionally, it has outperformed its sector by 3.46% today, which suggests that investors may be finding value in the stock despite its recent struggles.<BR><BR>Moreover, there has been a significant increase in investor participation, with delivery volume rising by 163.26% against the 5-day average, indicating heightened interest and activity among investors. However, it is important to note that the stock is currently trading below its moving averages across various time frames, which typically suggests a bearish trend.<BR><BR>Despite the positive movement today, the stock has faced considerable challenges over the longer term, with a year-to-date decline of 34.87% and a one-year drop of 40.43%. The company's weak long-term fundamentals, including a low Return on Capital Employed (ROCE) of 8.31% and a poor EBIT to Interest ratio of 1.15, contribute to a cautious outlook. Additionally, the stock's valuation appears expensive relative to its earnings, as indicated by a Price to Book Value of 2.5 and a PEG ratio of 2.3.<BR><BR>In summary, while the stock is experiencing a rise today due to short-term factors such as increased trading volume and sector outperformance, its long-term performance remains concerning, which could temper investor enthusiasm moving forward.