Loyal Textile Mills Ltd

Loyal Textile Mills Ltd

₹ 511 -3.99%
28 Mar 4:00 p.m.
About

Incorporated in 1946, Loyal Textile Mills Ltd
is in the business of manufacture, purchase
and sale of textiles[1]

Key Points

Business Overview:[1]
LTM is the flagship company of the Loyal group. It has one of the oldest integrated textile mills in south India, with facilities for the production of cotton yarn, knitted & woven fabrics, and garments.

  • Market Cap 246 Cr.
  • Current Price 511
  • High / Low 775 / 484
  • Stock P/E
  • Book Value 623
  • Dividend Yield 0.00 %
  • ROCE 4.03 %
  • ROE 0.41 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.84 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 3.95% over past five years.
  • Company has a low return on equity of 14.0% over last 3 years.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.58.1 Cr.
  • Dividend payout has been low at 6.14% 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.

Peer comparison

Sector: Textiles Industry: Textiles - Composite

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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
301.82 370.76 359.49 460.90 467.01 475.47 437.94 352.15 285.21 329.98 286.68 247.57 204.17
273.35 331.49 321.34 403.00 410.09 439.53 393.20 345.31 299.80 334.34 296.09 250.16 213.63
Operating Profit 28.47 39.27 38.15 57.90 56.92 35.94 44.74 6.84 -14.59 -4.36 -9.41 -2.59 -9.46
OPM % 9.43% 10.59% 10.61% 12.56% 12.19% 7.56% 10.22% 1.94% -5.12% -1.32% -3.28% -1.05% -4.63%
0.76 1.26 0.32 1.27 2.07 6.34 1.97 0.32 7.86 25.15 7.95 5.61 19.43
Interest 8.43 9.05 8.79 5.94 8.41 6.49 8.00 7.36 6.34 10.10 10.84 13.34 12.74
Depreciation 10.89 10.29 9.43 9.30 9.27 9.04 9.03 9.11 9.19 9.24 9.26 9.59 9.61
Profit before tax 9.91 21.19 20.25 43.93 41.31 26.75 29.68 -9.31 -22.26 1.45 -21.56 -19.91 -12.38
Tax % 11.10% 34.69% 29.88% 28.89% 33.04% 29.16% 26.42% 61.33% 15.68% -91.03% 34.55% 34.00% 42.97%
8.81 13.84 14.20 31.24 27.66 18.95 21.84 -3.60 -18.77 2.77 -14.11 -13.14 -7.06
EPS in Rs 18.29 28.74 29.48 64.86 57.43 39.34 45.35 -7.47 -38.97 5.75 -29.30 -27.28 -14.66
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
911 1,252 1,605 1,417 1,178 1,135 1,156 1,307 1,104 1,122 1,763 1,403 1,068
817 1,102 1,430 1,258 1,021 1,005 1,051 1,193 1,019 1,014 1,563 1,364 1,094
Operating Profit 94 150 176 159 157 130 105 114 85 108 200 39 -26
OPM % 10% 12% 11% 11% 13% 11% 9% 9% 8% 10% 11% 3% -2%
11 2 4 2 2 4 11 5 3 3 8 37 58
Interest 45 71 76 69 60 42 39 39 37 35 40 41 47
Depreciation 66 69 71 82 67 68 60 57 52 43 37 37 38
Profit before tax -7 11 33 10 33 24 17 23 -0 33 131 -1 -52
Tax % 71% 55% 40% -55% 21% -0% -40% -12% 1,431% 17% 31% 185%
-2 5 20 15 26 24 23 26 4 28 91 1 -32
EPS in Rs -4.03 10.46 40.90 31.12 53.94 49.19 47.92 53.42 8.84 57.14 189.48 2.55 -65.49
Dividend Payout % -25% 48% 18% 24% 19% 20% 10% 3% 0% 13% 5% 0%
Compounded Sales Growth
10 Years: 1%
5 Years: 4%
3 Years: 8%
TTM: -31%
Compounded Profit Growth
10 Years: -12%
5 Years: -43%
3 Years: -31%
TTM: -271%
Stock Price CAGR
10 Years: 12%
5 Years: 5%
3 Years: 2%
1 Year: -4%
Return on Equity
10 Years: 13%
5 Years: 12%
3 Years: 14%
Last Year: 0%

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 5 5 5 5
Reserves 104 106 122 127 147 174 190 213 217 245 332 328 302
664 605 583 552 499 560 521 486 401 380 616 662 657
149 189 232 231 194 190 231 290 338 352 307 272 271
Total Liabilities 922 904 942 915 845 929 947 995 960 981 1,260 1,268 1,236
482 526 510 486 481 452 415 392 350 319 303 331 344
CWIP 41 4 14 7 15 3 7 3 2 2 4 3 1
Investments 6 6 5 6 5 10 4 3 3 3 2 2 2
392 369 413 417 343 464 521 597 606 658 950 932 889
Total Assets 922 904 942 915 845 929 947 995 960 981 1,260 1,268 1,236

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
195 162 179 166 180 74 115 137 84 101 -172 66
-157 -75 -62 -60 -70 -31 -15 -28 -9 -11 -29 -78
-24 -113 -120 -105 -111 -44 -98 -107 -78 -87 204 10
Net Cash Flow 14 -26 -3 1 -0 -0 2 2 -3 2 2 -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 33 22 19 22 15 49 60 61 52 73 63 54
Inventory Days 83 62 55 61 84 107 109 116 163 145 151 214
Days Payable 25 29 24 30 35 39 62 90 129 135 61 69
Cash Conversion Cycle 91 55 49 53 64 117 106 88 86 83 153 198
Working Capital Days 91 41 36 34 32 66 73 66 75 80 128 160
ROCE % 5% 11% 15% 11% 14% 9% 8% 9% 6% 11% 22% 4%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
73.49% 73.49% 73.49% 73.49% 73.49% 73.50% 73.50% 73.50% 73.50% 73.50% 73.50% 73.50%
0.08% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08%
26.42% 26.42% 26.42% 26.42% 26.42% 26.43% 26.42% 26.43% 26.42% 26.42% 26.43% 26.42%
No. of Shareholders 1,9692,2782,5722,5012,7322,7533,1473,1273,0832,9302,9612,855

* 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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