Shri Dinesh Mills Ltd

Shri Dinesh Mills Ltd

₹ 490 -0.09%
22 Apr 10:59 a.m.
About

Incorporated in 1935, Shri Dinesh Mills Ltd manufactures worsted fabrics (menswear), papermakers felts and industrial textiles[1]

Key Points

Product Profile:[1]
a) Press Felts:
Dinflo, Dinvent, Dinply
b) Dryer Screens:
Hi Contact Mono (Regular), Hi Contact Mono (Uni-Screen), Spiral Dryer Fabrics
c) Fiber & Asbestos Felts:
Dinasorb-Pipe Felt, Dinasorb-Sheet Felt
d) Other Products:
Filter Fabrics

  • Market Cap 274 Cr.
  • Current Price 490
  • High / Low 570 / 452
  • Stock P/E 17.1
  • Book Value 288
  • Dividend Yield 2.04 %
  • ROCE 5.79 %
  • ROE 5.02 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 76.2% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 24.0%
  • Company's working capital requirements have reduced from 42.7 days to 14.9 days

Cons

  • The company has delivered a poor sales growth of -5.07% over past five years.
  • Company has a low return on equity of 6.04% over last 3 years.
  • Earnings include an other income of Rs.64.1 Cr.

* 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: Textiles Industry: Textiles - Products

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
16 15 11 14 15 14 16 14 14 16 15 16 17
12 13 9 11 13 14 13 12 12 15 12 13 13
Operating Profit 4 2 3 3 3 0 3 2 1 1 3 3 4
OPM % 24% 12% 23% 20% 17% 3% 18% 13% 10% 6% 20% 20% 23%
1 1 1 1 1 22 1 14 2 8 3 7 46
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 1 1 1 1 1 1 1 1 1 1 1 1 1
Profit before tax 4 1 3 3 3 22 3 15 2 8 5 10 49
Tax % 42% -4% -9% 18% 19% 14% 16% 21% 36% 10% 34% 19% 19%
2 1 3 2 2 18 2 12 1 8 3 8 40
EPS in Rs 3.89 2.54 5.64 4.37 4.30 33.00 3.75 21.34 2.29 13.59 5.86 14.28 70.89
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
84 84 84 79 76 78 75 67 46 48 54 58 65
69 69 68 67 67 70 72 62 46 38 45 51 54
Operating Profit 16 15 16 11 9 8 3 6 -1 10 9 7 11
OPM % 19% 18% 19% 14% 12% 10% 4% 9% -1% 20% 16% 12% 17%
4 3 3 3 3 4 -1 1 7 5 25 25 64
Interest 4 4 3 3 2 2 2 1 0 0 0 0 0
Depreciation 8 10 10 8 7 8 7 7 5 4 3 3 3
Profit before tax 7 4 6 4 2 2 -6 -1 1 10 30 28 72
Tax % 31% 25% 23% -12% -16% -49% 13% 122% -54% 10% 13% 18%
5 3 4 5 3 3 -6 0 2 9 27 23 59
EPS in Rs 9.45 5.83 8.52 8.93 5.70 5.51 -11.13 0.37 3.28 15.73 47.33 40.98 104.62
Dividend Payout % 21% 31% 21% 20% 26% 27% -13% 493% 91% 32% 16% 24%
Compounded Sales Growth
10 Years: -4%
5 Years: -5%
3 Years: 8%
TTM: 13%
Compounded Profit Growth
10 Years: 9%
5 Years: 76%
3 Years: 71%
TTM: 149%
Stock Price CAGR
10 Years: 20%
5 Years: 32%
3 Years: 6%
1 Year: -2%
Return on Equity
10 Years: 3%
5 Years: 4%
3 Years: 6%
Last Year: 5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 5 5 5 5 5 5 5 5 5 6 6 6 6
Reserves 91 93 95 95 97 99 93 94 94 108 131 150 155
32 25 25 14 13 9 4 1 -0 -1 -1 -1 0
34 32 30 28 29 30 27 28 22 18 23 29 32
Total Liabilities 162 155 154 141 144 143 130 128 121 131 159 183 193
70 63 62 49 49 43 37 33 24 19 17 16 15
CWIP 0 2 0 0 0 0 0 0 0 0 0 0 0
Investments 22 21 20 14 13 47 49 60 71 87 108 131 131
70 69 72 78 81 53 44 35 26 24 34 36 46
Total Assets 162 155 154 141 144 143 130 128 121 131 159 183 193

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
6 14 18 13 6 12 6 14 2 9 26 22
-5 -2 -4 8 -4 -32 -1 -12 -2 -12 -22 -19
-4 -11 -6 -13 -1 -8 -6 -1 -3 3 -1 -5
Net Cash Flow -4 1 8 9 1 -28 -1 1 -3 0 3 -2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 50 49 55 56 54 46 44 38 57 40 34 33
Inventory Days 626 555 425 464 510 545 387 325 354 408 347 263
Days Payable 39 21 23 21 29 48 36 34 49 58 65 67
Cash Conversion Cycle 636 583 457 500 535 543 395 329 362 390 316 229
Working Capital Days 163 137 111 118 131 113 92 47 54 48 65 15
ROCE % 9% 6% 7% 6% 4% 3% 0% 3% -3% 8% 7% 6%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
49.79% 49.79% 49.79% 49.79% 49.79% 49.79% 49.79% 49.79% 49.79% 49.79% 49.79% 49.79%
0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06%
50.15% 50.15% 50.15% 50.15% 50.15% 50.15% 50.13% 50.15% 50.16% 50.14% 50.16% 50.15%
No. of Shareholders 7,6997,7217,6867,4907,4147,4707,4507,2317,2347,3087,2687,390

* 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.

Click on the line-items to see the names of individual entities.

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