Singer India Ltd

Singer India Ltd

₹ 96.2 0.00%
23 Feb - close price
About

Singer India is engaged in the business of trading & manufacturing of sewing machines, related accessories and in trading of domestic appliances.[1]

Key Points

Business Segments
Sewing Machines Business (~68% of Total Revenues in FY21): [1]
The company is one of the largest players in the local sewing machines industry with a market share of ~42% in the branded sector and ~24% market share of the total market. Its product portfolio includes various kinds of models such as the zig-zag model, straight stitch model, artisan model, industrial model, etc. [2]

  • Market Cap 589 Cr.
  • Current Price 96.2
  • High / Low 134 / 57.9
  • Stock P/E 243
  • Book Value 22.7
  • Dividend Yield 0.00 %
  • ROCE 4.11 %
  • ROE 2.71 %
  • Face Value 2.00

Pros

  • Company is almost debt free.

Cons

  • Stock is trading at 4.25 times its book value
  • The company has delivered a poor sales growth of 1.78% over past five years.
  • Promoter holding is low: 31.0%
  • Company has a low return on equity of 8.39% over last 3 years.
  • Earnings include an other income of Rs.7.28 Cr.
  • Promoter holding has decreased over last 3 years: -28.0%

* 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: Engineering Industry: Engineering

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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
127.32 130.07 73.28 127.71 127.21 124.78 109.53 114.79 121.35 114.63 104.60 104.86 102.47
120.18 123.61 73.87 124.26 123.49 121.46 108.51 112.84 121.79 115.29 105.61 104.99 102.04
Operating Profit 7.14 6.46 -0.59 3.45 3.72 3.32 1.02 1.95 -0.44 -0.66 -1.01 -0.13 0.43
OPM % 5.61% 4.97% -0.81% 2.70% 2.92% 2.66% 0.93% 1.70% -0.36% -0.58% -0.97% -0.12% 0.42%
0.84 0.92 1.84 0.48 0.46 0.04 0.85 7.71 1.62 1.51 1.86 2.55 1.36
Interest 0.04 0.36 0.18 0.17 0.27 0.14 0.09 0.19 0.20 0.11 0.07 0.10 0.09
Depreciation 0.72 0.84 0.69 0.55 0.53 0.51 0.50 0.52 0.51 0.48 0.57 0.69 0.69
Profit before tax 7.22 6.18 0.38 3.21 3.38 2.71 1.28 8.95 0.47 0.26 0.21 1.63 1.01
Tax % 41.97% 20.39% 26.32% 25.55% 22.19% 12.18% 25.00% 26.26% -8.51% 3.85% 23.81% 25.77% 20.79%
4.19 4.92 0.28 2.39 2.63 2.38 0.96 6.60 0.51 0.25 0.16 1.21 0.80
EPS in Rs 0.78 0.92 0.05 0.44 0.49 0.44 0.18 1.23 0.09 0.04 0.03 0.20 0.13
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Jun 2012 Jun 2013 Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
153 194 240 281 236 369 422 483 451 415 453 460 427
145 187 231 272 228 358 408 467 436 396 443 458 428
Operating Profit 8 6 9 9 8 11 14 16 15 19 10 2 -1
OPM % 5% 3% 4% 3% 3% 3% 3% 3% 3% 4% 2% 0% -0%
1 4 2 2 2 2 1 2 4 3 3 12 7
Interest 0 0 0 0 0 0 1 2 3 2 1 1 0
Depreciation 0 1 1 1 1 1 1 1 4 3 2 2 2
Profit before tax 9 9 9 10 9 11 13 15 12 16 10 11 3
Tax % -19% -64% 24% 33% 33% 32% 29% 37% 35% 34% 21% 24%
10 15 7 6 6 8 9 9 8 11 8 8 2
EPS in Rs 1.90 2.85 1.30 1.19 1.11 1.42 1.67 1.72 1.51 1.98 1.43 1.36 0.40
Dividend Payout % 0% 11% 23% 42% 45% 49% 45% 46% 0% 51% 70% 0%
Compounded Sales Growth
10 Years: 12%
5 Years: 2%
3 Years: 1%
TTM: -9%
Compounded Profit Growth
10 Years: -12%
5 Years: -20%
3 Years: -29%
TTM: -53%
Stock Price CAGR
10 Years: 20%
5 Years: 21%
3 Years: 36%
1 Year: 42%
Return on Equity
10 Years: 14%
5 Years: 10%
3 Years: 8%
Last Year: 3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Jun 2012 Jun 2013 Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 11 11 11 11 11 11 11 11 11 11 11 12 12
Reserves 4 27 31 35 37 42 46 48 54 61 66 124 126
0 0 0 0 0 3 14 22 20 2 3 2 3
31 33 41 50 56 62 76 88 84 97 94 85 78
Total Liabilities 45 71 83 95 104 118 147 169 168 171 174 223 219
2 12 12 12 12 12 12 12 12 11 8 9 9
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 2 2 2 2 2 2
43 59 72 84 91 106 135 155 154 158 164 212 208
Total Assets 45 71 83 95 104 118 147 169 168 171 174 223 219

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Jun 2012 Jun 2013 Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
5 -1 4 4 4 -7 -5 0 17 29 14 -1
1 1 -1 -4 -1 5 -1 -2 -2 -4 7 -47
-1 -0 -2 -2 -3 -3 -5 -9 -6 -6 -4 49
Net Cash Flow 5 0 2 -3 -0 -5 -11 -10 9 18 16 2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Jun 2012 Jun 2013 Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 14 25 29 33 36 34 42 50 46 42 40 31
Inventory Days 56 48 46 48 78 70 74 73 80 94 77 82
Days Payable 28 26 48 51 73 58 69 70 74 87 67 62
Cash Conversion Cycle 42 47 27 30 41 45 47 53 53 49 50 52
Working Capital Days -4 8 12 14 22 31 42 46 49 39 35 36
ROCE % 90% 37% 24% 23% 20% 23% 22% 21% 18% 23% 14% 4%

Shareholding Pattern

Numbers in percentages

2 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
58.99% 58.99% 58.99% 57.65% 57.65% 57.65% 35.31% 35.31% 31.00% 31.00% 31.00% 31.00%
0.00% 0.00% 0.00% 0.93% 0.93% 0.93% 0.00% 0.00% 4.30% 4.30% 4.30% 3.56%
0.88% 0.88% 0.88% 0.88% 0.88% 0.88% 0.88% 0.88% 0.77% 0.77% 0.77% 0.77%
40.14% 40.14% 40.14% 40.54% 40.54% 40.54% 63.82% 63.81% 63.93% 63.93% 63.93% 64.68%
No. of Shareholders 13,73215,61417,29916,49416,91117,34529,69626,39525,73923,78523,99025,745

* 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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