Standard Industries Ltd

Standard Industries Ltd

₹ 23.6 -0.42%
26 Apr - close price
About

Incorporated in 1892, Standard Industries Ltd is in the business of property division and trading in textiles and chemicals

Key Points

Product Profile:[1] 100% Cotton Towels, Bed Sheets, Interlining Fabric, Cotton and blended Dhoti, Cotton/PC blended and poly viscose suiting, 100% cotton, PC Poplins and shirting, 2x2 Rubia, 2x1 Rubia in 100% cotton as well as PC Blended and Punjabi suits (ready to stitch) Company also plans to introduce Cotton Sarees

  • Market Cap 151 Cr.
  • Current Price 23.6
  • High / Low 32.6 / 20.2
  • Stock P/E
  • Book Value 20.7
  • Dividend Yield 4.46 %
  • ROCE 13.2 %
  • ROE 10.1 %
  • Face Value 5.00

Pros

  • Stock is trading at 1.14 times its book value
  • Stock is providing a good dividend yield of 4.46%.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 9.05% over past five years.
  • Promoter holding is low: 20.3%
  • Company has high debtors of 710 days.
  • Company's cost of borrowing seems high
  • Working capital days have increased from -1,943 days to 749 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Trading Industry: Trading

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
2.77 3.81 3.02 2.07 3.50 430.37 8.78 3.64 3.70 5.12 8.77 5.94 5.28
6.98 7.24 5.09 5.78 7.05 217.67 9.88 7.55 6.56 9.66 11.48 9.17 8.13
Operating Profit -4.21 -3.43 -2.07 -3.71 -3.55 212.70 -1.10 -3.91 -2.86 -4.54 -2.71 -3.23 -2.85
OPM % -151.99% -90.03% -68.54% -179.23% -101.43% 49.42% -12.53% -107.42% -77.30% -88.67% -30.90% -54.38% -53.98%
14.61 5.89 5.89 13.03 0.80 4.84 6.34 6.72 31.22 0.92 1.43 0.01 1.69
Interest 3.42 3.26 1.15 0.86 0.84 1.54 1.51 0.71 3.46 0.81 0.82 0.80 0.78
Depreciation 0.84 0.79 0.60 0.58 0.62 0.58 0.62 0.65 0.69 0.67 0.68 0.69 0.69
Profit before tax 6.14 -1.59 2.07 7.88 -4.21 215.42 3.11 1.45 24.21 -5.10 -2.78 -4.71 -2.63
Tax % 0.00% 0.00% 0.00% 0.00% -0.24% 16.94% 0.00% 0.00% 6.20% -9.80% 0.00% 0.00% 0.00%
6.14 -1.59 2.07 7.88 -4.22 178.93 3.11 1.45 22.71 -5.61 -2.78 -4.71 -2.63
EPS in Rs 0.95 -0.25 0.32 1.22 -0.66 27.81 0.48 0.23 3.53 -0.87 -0.43 -0.73 -0.41
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
10 12 13 11 10 10 14 16 21 12 437 21 25
24 24 24 21 23 30 29 30 32 23 234 34 38
Operating Profit -14 -13 -12 -11 -13 -20 -15 -13 -11 -12 203 -12 -13
OPM % -131% -110% -91% -100% -133% -205% -110% -82% -53% -99% 47% -59% -53%
10 9 2 6 1 2 39 10 -13 32 25 45 4
Interest 0 2 1 1 1 4 8 18 15 14 4 6 3
Depreciation 7 15 15 2 1 1 1 1 3 3 2 3 3
Profit before tax -10 -22 -25 -7 -14 -23 15 -23 -42 3 221 24 -15
Tax % 3% 5% 0% -1% -0% 1% 23% 0% 5% 0% 17% 8%
-10 -21 -25 -7 -14 -23 11 -23 -40 3 185 22 -16
EPS in Rs -1.58 -3.20 -3.84 -1.03 -2.20 -3.52 1.75 -3.64 -6.24 0.48 28.71 3.37 -2.44
Dividend Payout % -48% -23% -20% -73% -34% -21% 57% 0% 0% 0% 9% 31%
Compounded Sales Growth
10 Years: 6%
5 Years: 9%
3 Years: 0%
TTM: -94%
Compounded Profit Growth
10 Years: 10%
5 Years: 5%
3 Years: 33%
TTM: -108%
Stock Price CAGR
10 Years: 6%
5 Years: 11%
3 Years: 10%
1 Year: -19%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 32 32 32 32 32 32 32 32 32 32 32 32 32
Reserves 100 74 43 31 11 -11 -6 -37 -77 -75 109 115 101
12 36 6 0 25 19 108 143 114 53 26 26 25
30 21 18 19 36 67 93 212 293 373 86 19 20
Total Liabilities 174 163 100 82 104 107 228 350 361 382 253 193 178
26 36 21 16 22 21 26 46 52 28 28 33 32
CWIP 11 11 11 11 0 1 0 0 0 0 0 0 0
Investments 5 12 8 1 15 18 91 137 159 98 97 74 67
131 104 60 54 66 67 111 168 150 256 128 86 79
Total Assets 174 163 100 82 104 107 228 350 361 382 253 193 178

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-0 -24 -25 -9 4 22 2 110 76 39 60 -106
-17 -47 41 14 -21 -6 -77 -84 -65 87 -16 60
1 19 -35 -6 18 -16 78 9 -46 -75 -32 -23
Net Cash Flow -16 -52 -19 -0 1 -0 4 34 -35 52 12 -69

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 39 42 54 79 60 55 830 310 231 475 2 710
Inventory Days 1,384 1,422 959 1,337 2,225 1,932 1,552 2,377 2,046 4,709 51
Days Payable 72 111 62 117 102 95 82 123 109 324 116
Cash Conversion Cycle 1,351 1,353 951 1,298 2,184 1,893 2,299 2,563 2,169 4,859 2 645
Working Capital Days 342 1,398 230 252 48 -1,622 -257 -4,684 -2,978 -6,528 -50 749
ROCE % -7% -14% -22% -14% -20% -35% 26% -4% -26% 40% 254% 13%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
20.15% 20.15% 20.15% 20.15% 20.15% 20.31% 20.31% 20.31% 20.31% 20.31% 20.31% 20.31%
0.00% 0.00% 0.00% 0.00% 0.00% 38.87% 38.88% 38.86% 38.86% 38.86% 38.86% 38.86%
4.95% 4.95% 4.55% 4.19% 4.14% 4.13% 4.13% 4.13% 4.04% 4.04% 4.04% 4.04%
74.90% 74.90% 75.30% 75.66% 75.71% 36.69% 36.69% 36.71% 36.79% 36.78% 36.78% 36.78%
No. of Shareholders 25,80425,71025,75726,13730,98839,20543,95247,37748,53947,20647,10247,985

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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