Deepak Spinners Ltd

Deepak Spinners Ltd

₹ 217 0.07%
30 May - close price
About

Incorporated in 1986, Deepak Spinners Ltd
is a manufacturer of Synthetic Staple Fibres
Yarn, Man-made Fibres blended yarn[1]

Key Points

Business Overview:[1][2]
DSL manufactures synthetic fibers – polyester, viscose, acrylic and blends. It manufactures coarse-count grey and dyed yarn of counts (8 – 40) Ne in 100% Polyester, 100% Viscose, 100% Acrylic and Polyester Acrylic & Polyester Viscose blends. Company sells its products through dealers and agents. In addition, it supplies yarns to a few large players in the apparel /fabric segments

  • Market Cap 156 Cr.
  • Current Price 217
  • High / Low 320 / 202
  • Stock P/E 120
  • Book Value 328
  • Dividend Yield 1.15 %
  • ROCE 2.12 %
  • ROE 0.55 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.66 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -0.16% over past five years.
  • Company has a low return on equity of 12.7% over last 3 years.
  • Dividend payout has been low at 12.2% of profits over last 3 years

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
111.32 82.32 159.67 148.78 138.42 155.52 157.00 140.04 107.91 113.07 133.12 116.11 108.68
94.00 70.53 139.93 130.93 118.39 134.39 135.69 124.14 95.70 105.11 125.40 112.10 108.37
Operating Profit 17.32 11.79 19.74 17.85 20.03 21.13 21.31 15.90 12.21 7.96 7.72 4.01 0.31
OPM % 15.56% 14.32% 12.36% 12.00% 14.47% 13.59% 13.57% 11.35% 11.31% 7.04% 5.80% 3.45% 0.29%
0.57 0.38 0.83 1.20 0.83 0.21 0.68 0.52 0.95 0.37 1.03 0.55 0.72
Interest 1.07 1.44 1.20 0.84 0.90 0.83 0.55 0.58 0.92 1.23 1.10 0.87 0.72
Depreciation 3.97 3.75 3.97 3.97 3.99 3.80 3.86 4.37 3.98 4.08 4.18 4.32 4.12
Profit before tax 12.85 6.98 15.40 14.24 15.97 16.71 17.58 11.47 8.26 3.02 3.47 -0.63 -3.81
Tax % 27.32% 25.21% 25.06% 25.56% 25.30% 25.43% 25.54% 25.37% 27.60% 27.15% 26.80% 19.05% 23.10%
9.34 5.22 11.54 10.60 11.93 12.46 13.09 8.56 5.98 2.20 2.54 -0.51 -2.93
EPS in Rs 12.99 7.26 16.05 14.74 16.59 17.33 18.21 11.91 8.32 3.06 3.53 -0.71 -4.08
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
307 392 435 401 411 439 475 461 397 532 561 471
277 350 397 358 373 407 435 426 355 462 491 451
Operating Profit 30 42 37 42 38 32 40 35 42 69 71 20
OPM % 10% 11% 9% 11% 9% 7% 8% 8% 11% 13% 13% 4%
5 3 4 5 2 4 7 3 2 3 2 3
Interest 7 12 16 12 15 13 10 9 6 4 3 4
Depreciation 7 11 16 14 16 16 16 16 16 16 16 17
Profit before tax 20 23 10 22 9 7 20 12 21 53 54 2
Tax % 35% 49% 8% 28% 27% 15% 32% -20% 26% 25% 26% 37%
13 12 9 16 6 6 14 15 16 39 40 1
EPS in Rs 18.07 16.01 12.41 21.81 8.71 7.93 19.10 20.71 21.82 54.65 55.76 1.81
Dividend Payout % 0% 0% 0% 9% 23% 0% 8% 7% 9% 5% 4% 28%
Compounded Sales Growth
10 Years: 2%
5 Years: 0%
3 Years: 6%
TTM: -16%
Compounded Profit Growth
10 Years: -20%
5 Years: -36%
3 Years: -56%
TTM: -97%
Stock Price CAGR
10 Years: 21%
5 Years: 19%
3 Years: 17%
1 Year: -4%
Return on Equity
10 Years: 11%
5 Years: 12%
3 Years: 13%
Last Year: 1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 7 7 7 7 7 7 7 7 7 7 7 7
Reserves 64 75 84 98 104 110 124 136 152 190 228 228
118 138 121 151 150 128 113 86 56 49 50 44
39 56 42 53 61 74 77 66 53 59 64 74
Total Liabilities 228 277 254 309 322 319 322 296 268 304 349 353
95 158 155 203 197 188 177 168 153 150 180 178
CWIP 37 3 1 2 1 0 1 1 3 1 4 9
Investments 0 0 0 0 0 0 0 0 0 0 0 0
95 115 98 103 124 131 144 127 112 153 165 167
Total Assets 228 277 254 309 322 319 322 296 268 304 349 353

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
24 21 37 45 21 40 29 44 39 39 42
-67 -28 -4 -59 -6 -5 -4 -3 -2 -26 -37
42 6 -34 16 -16 -35 -25 -41 -37 -13 -4
Net Cash Flow -0 -1 0 1 -1 0 0 -1 0 -0 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 39 35 26 24 35 30 28 23 31 23 19 21
Inventory Days 67 82 63 88 100 95 102 96 95 100 117 136
Days Payable 27 30 9 13 23 35 38 31 23 23 29 44
Cash Conversion Cycle 79 87 80 100 112 90 92 87 104 101 108 113
Working Capital Days 56 53 48 47 56 48 49 51 66 60 66 75
ROCE % 17% 17% 12% 14% 10% 8% 11% 9% 12% 25% 21%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
45.67% 45.67% 45.67% 45.67% 45.67% 45.67% 45.67% 45.67% 45.67% 45.67% 45.67% 45.73%
0.08% 0.08% 0.08% 0.08% 0.08% 0.09% 0.09% 0.09% 0.01% 0.01% 0.01% 0.01%
54.24% 54.24% 54.24% 54.24% 54.24% 54.25% 54.25% 54.25% 54.32% 54.31% 54.32% 54.27%
No. of Shareholders 9,17112,28411,82312,68412,72912,76112,77113,06510,36310,40510,52710,692

* 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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