Shri Dinesh Mills Ltd

About [ edit ]

Shri Dinesh Mills is engaged in Business of Paper Makers' Felt & Woolen & Worsted Fabrics.

  • Market Cap 316 Cr.
  • Current Price 565
  • High / Low 598 / 86.0
  • Stock P/E 32.2
  • Book Value 197
  • Dividend Yield 0.89 %
  • ROCE 11.5 %
  • ROE 9.50 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 26.43% CAGR over last 5 years

Cons

  • Stock is trading at 2.86 times its book value
  • The company has delivered a poor sales growth of -5.26% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 3.89% for last 3 years.
  • Earnings include an other income of Rs.4.80 Cr.

Peer comparison

Sector: Textiles Industry: Textiles - Products

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
21.24 24.59 23.19 21.24 16.85 16.94 18.64 13.73 11.38 19.35 21.82 21.60
18.20 22.67 21.60 18.19 16.12 16.72 17.15 17.09 10.26 14.74 17.03 18.51
Operating Profit 3.04 1.92 1.59 3.05 0.73 0.22 1.49 -3.36 1.12 4.61 4.79 3.09
OPM % 14.31% 7.81% 6.86% 14.36% 4.33% 1.30% 7.99% -24.47% 9.84% 23.82% 21.95% 14.31%
Other Income 1.06 -0.72 1.07 1.06 1.48 1.19 4.88 1.38 2.10 0.90 1.09 0.70
Interest 0.37 0.48 0.46 0.38 0.25 0.19 0.20 0.18 0.18 0.22 0.18 0.25
Depreciation 1.96 1.72 2.00 1.96 2.02 1.74 1.73 1.56 1.61 1.38 1.45 1.46
Profit before tax 1.77 -1.00 0.20 1.77 -0.06 -0.52 4.44 -3.72 1.43 3.91 4.25 2.08
Tax % 2.26% 44.00% 25.00% 2.26% 400.00% 38.46% -5.41% -1.88% -27.97% -3.32% 36.94% -2.40%
Net Profit 1.81 -0.53 0.24 1.81 0.25 -0.27 4.70 -3.44 1.61 3.94 2.45 1.90
EPS in Rs 3.55 -1.04 0.47 3.48 0.48 -0.51 8.87 -6.49 3.04 7.03 4.37 3.39

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
84.94 93.55 98.23 103.33 104.35 98.35 97.14 94.58 91.12 87.97 65.06 74.16
67.39 72.68 79.43 84.57 84.88 84.53 85.30 85.49 87.13 80.77 64.66 60.57
Operating Profit 17.55 20.87 18.80 18.76 19.47 13.82 11.84 9.09 3.99 7.20 0.40 13.59
OPM % 20.66% 22.31% 19.14% 18.16% 18.66% 14.05% 12.19% 9.61% 4.38% 8.18% 0.61% 18.33%
Other Income 2.80 3.04 3.77 2.64 3.51 3.45 3.24 4.22 -0.91 1.42 7.60 4.80
Interest 3.72 3.95 4.26 4.69 4.34 3.60 3.28 2.91 2.11 1.74 0.82 0.82
Depreciation 7.43 8.55 9.61 11.16 11.76 9.18 9.01 9.11 8.62 8.18 7.05 5.89
Profit before tax 9.20 11.41 8.70 5.55 6.88 4.49 2.79 1.29 -7.65 -1.30 0.13 11.68
Tax % 35.98% 27.87% 26.09% 18.56% 22.82% -9.13% -12.54% -71.32% 11.11% 80.00% -469.23% 8.56%
Net Profit 6.59 8.04 5.54 3.89 4.87 4.74 3.04 2.47 -6.30 -0.06 1.10 9.82
EPS in Rs 12.43 15.17 10.45 7.34 9.58 9.32 5.98 4.86 -12.39 -0.12 2.08 17.53
Dividend Payout % 24.04% 13.13% 19.06% 24.43% 18.78% 19.29% 25.07% 30.85% -12.10% -1,560.00% 144.55% 28.51%
Compounded Sales Growth
10 Years:-2%
5 Years:-5%
3 Years:-7%
TTM:14%
Compounded Profit Growth
10 Years:2%
5 Years:26%
3 Years:109%
TTM:793%
Stock Price CAGR
10 Years:21%
5 Years:38%
3 Years:61%
1 Year:532%
Return on Equity
10 Years:4%
5 Years:3%
3 Years:4%
Last Year:10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
5.28 5.28 5.28 5.28 5.08 5.08 5.08 5.08 5.08 5.20 5.30 5.60
Reserves 82.51 89.79 87.40 90.18 92.56 92.65 94.77 96.91 90.54 91.25 90.77 104.96
Borrowings 47.46 38.64 40.23 35.65 32.23 23.53 22.34 15.96 11.58 7.21 5.55 4.88
33.48 33.55 44.64 42.83 41.16 40.93 42.12 41.92 39.97 42.64 35.02 31.46
Total Liabilities 168.73 167.26 177.55 173.94 171.03 162.19 164.31 159.87 147.17 146.30 136.64 146.90
80.54 74.24 93.13 85.92 83.94 69.73 73.77 65.70 58.32 54.18 45.19 39.19
CWIP 0.25 0.05 0.49 2.06 0.00 4.21 0.00 0.00 0.10 0.00 0.00 0.00
Investments 24.39 23.25 8.50 8.34 7.13 0.93 0.37 34.40 35.35 46.95 58.05 73.84
63.55 69.72 75.43 77.62 79.96 87.32 90.17 59.77 53.40 45.17 33.40 33.87
Total Assets 168.73 167.26 177.55 173.94 171.03 162.19 164.31 159.87 147.17 146.30 136.64 146.90

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
17.04 13.23 11.00 14.78 21.62 16.69 10.37 15.33 6.13 16.41 2.88 10.20
-17.42 1.27 -11.06 -3.65 -4.25 3.88 -5.95 -32.75 -0.17 -13.37 -3.39 -11.93
5.72 -13.56 -3.90 -10.49 -9.38 -11.76 -3.17 -11.10 -6.28 -2.13 -1.99 2.15
Net Cash Flow 5.34 0.94 -3.96 0.64 7.99 8.80 1.25 -28.53 -0.32 0.91 -2.50 0.42

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % 10.39% 11.18% 9.67% 7.62% 8.60% 6.44% 4.99% 3.50% -0.20% 3.04% -3.16% 11.52%
Debtor Days 52.12 55.17 54.03 60.51 66.28 68.92 67.90 53.87 62.77 54.48 65.98 52.52
Inventory Turnover 1.03 1.14 0.95 0.97 1.12 1.20 1.18 1.02 1.16 1.40 1.41 1.43

Shareholding Pattern

Numbers in percentages

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
44.86 44.86 45.93 45.93 46.95 46.95 46.95 46.95 49.79 49.79 49.79 49.79
0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.06
55.06 55.06 54.00 54.00 52.98 52.98 52.98 52.98 50.15 50.15 50.15 50.15

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