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Starlite Components
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Starlite Components was incorporated on November 13, 1991 and commenced production in 1992. The company took over the running business of Filaments & Filaments. The same was promoted by Subashchandra Bharati, Rochana Bharati, Arvind Bharati, Ramesh Shahpukar, Bharat Jaiswal. Presently, the Company is engaged in the business of Electronic Ballast, LED products like Lamp Components & Drivers, Lighting Fixtures, Fittings and LED Lamps.
The company established a unit to manufacture GLS and FTL filaments, speciality filaments and lamp caps bases with an installed capacity of 150 mln pcs, 1200 mln pcs and 90 mln pcs respectively at Satpur, Nasik.
In 1994, the company came out with a public issue to part-finance the cost of expansion/diversification and to meet the margin for working capital requirements.
Since the Company's investment in Paragon Plastics Ltd. did not prove fruitful, the Company sold 12000 shares, out of 23549 shares, during the year 2004, to a creditor against its outstanding dues @ Rs. 55.40/- per share i.e. at a price higher than its book value. Due to this, the Company's investment in Paragon Plastics Ltd. reduced to 49% and hence was no longer a subsidiary of the Company. The Company had invested Rs. 108 lakhs in the shares of M/s. Starlite Lighting Limited which is engaged in the manufacturing of Compact Fluorescent Lamps.
Starlite Components share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Starlite Components indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Starlite Components is valued compared to its competitors.
Starlite Components PE ratio helps investors understand what is the market value of each stock compared to Starlite Components 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Starlite Components evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Starlite Components generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Starlite Components in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Starlite Components shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Starlite Components compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Starlite Components over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Starlite Components helps investors get an insight into when they can enter or exit the stock. Key components of Starlite Components Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Starlite Components shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Starlite Components ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Starlite Components provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Starlite Components highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Starlite Components .
The balance sheet presents a snapshot of Starlite Components ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
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