Suryalata Spinning Mills Ltd

Suryalata Spinning Mills is engaged in producing the best quality of yarns like synthetic, blended, mlange and value added yarns suitable for suitings, shirtings and knitting.

  • Market Cap: 37.68 Cr.
  • Current Price: 88.30
  • 52 weeks High / Low 148.85 / 70.10
  • Book Value: 303.05
  • Stock P/E: 2.67
  • Dividend Yield: 2.04 %
  • ROCE: 16.24 %
  • ROE: 12.51 %
  • Sales Growth (3Yrs): 3.77 %
  • Listed on BSE
  • Company Website
  • Face Value: 10.00
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Pros:
Stock is trading at 0.29 times its book value
Cons:
The company has delivered a poor growth of 2.32% over past five years.
Company has a low return on equity of 10.14% for last 3 years.
Promoters have pledged 59.96% of their holding.
Dividend payout has been low at 6.92% of profits over last 3 years

Peer comparison Sector: Textiles // Industry: Textiles - Spinning - Synthetic / Blended

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020
87.28 75.76 85.96 82.57 86.16 103.17 99.37 99.54 97.40 93.94 93.87 83.42
81.63 69.33 79.47 76.55 79.88 94.79 90.21 84.28 91.54 83.20 81.68 72.76
Operating Profit 5.65 6.43 6.49 6.02 6.28 8.38 9.16 15.26 5.86 10.74 12.19 10.66
OPM % 6.47% 8.49% 7.55% 7.29% 7.29% 8.12% 9.22% 15.33% 6.02% 11.43% 12.99% 12.78%
Other Income 1.00 0.46 0.35 0.75 0.52 0.13 0.69 1.54 0.88 0.66 0.57 0.85
Interest 1.74 1.87 1.79 1.71 1.51 2.00 2.42 4.41 2.92 3.10 2.97 2.46
Depreciation 1.92 1.92 1.92 1.88 1.89 2.08 2.22 2.21 2.75 2.78 2.78 2.75
Profit before tax 2.99 3.10 3.13 3.18 3.40 4.43 5.21 10.18 1.07 5.52 7.01 6.30
Tax % 36.12% 36.45% 35.78% 37.11% 34.71% 34.54% 35.51% 43.52% 34.58% 34.96% 36.23% 15.24%
Net Profit 1.91 1.97 2.01 2.00 2.22 2.90 3.36 5.75 0.70 3.59 4.47 5.34
EPS in Rs 4.47 4.61 4.71 4.68 5.20 6.79 7.87 13.47 1.64 8.41 10.47 12.52
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
170 156 168 242 250 266 346 360 347 341 330 388 369
153 142 147 202 241 255 332 338 319 316 305 349 329
Operating Profit 16 14 20 39 9 11 14 22 29 25 25 39 39
OPM % 10% 9% 12% 16% 4% 4% 4% 6% 8% 7% 7% 10% 11%
Other Income -3 -1 -0 5 11 17 21 16 3 5 2 3 3
Interest 5 6 6 7 7 9 12 11 9 8 7 10 11
Depreciation 5 5 5 6 6 7 9 9 8 8 8 8 11
Profit before tax 3 3 9 31 7 12 13 19 15 14 12 23 20
Tax % 98% 44% 36% 36% 36% 32% 34% 34% 34% 36% 36% 39%
Net Profit 0 2 6 20 4 8 9 13 10 9 8 14 14
EPS in Rs 3.12 15.20 58.07 9.56 20.05 22.14 27.78 21.76 20.69 18.48 33.34 33.04
Dividend Payout % 0% 0% 11% 5% 13% 7% 6% 6% 1% 7% 8% 5%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:9.57%
5 Years:2.32%
3 Years:3.77%
TTM:-5.05%
Compounded Profit Growth
10 Years:21.90%
5 Years:9.82%
3 Years:13.94%
TTM:-0.91%
Stock Price CAGR
10 Years:0.65%
5 Years:-8.94%
3 Years:-14.44%
1 Year:-39.62%
Return on Equity
10 Years:14.87%
5 Years:11.55%
3 Years:10.14%
Last Year:12.51%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
6 11 11 11 11 11 11 6 10 4 10 10 4
Reserves 9 10 14 32 39 46 53 72 81 89 97 111 125
Borrowings 85 78 88 92 84 129 108 114 87 86 64 121 90
21 21 26 40 33 46 62 41 43 38 45 50 52
Total Liabilities 117 112 132 167 160 224 227 230 215 217 210 287 271
78 76 88 94 89 141 134 139 134 132 128 203 196
CWIP 0 0 3 4 11 0 0 2 5 6 13 0 0
Investments 0 0 0 1 0 0 0 0 0 0 0 0 0
38 36 41 68 60 84 93 89 76 79 69 83 75
Total Assets 117 112 132 167 160 224 227 230 215 217 210 287 271

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
10 8 17 20 19 9 36 20 40 22 26 21
-4 -3 -21 -16 -8 -44 -3 -16 -8 -8 -6 -70
-4 -6 4 -2 -12 35 -33 -5 -32 -13 -20 48
Net Cash Flow 1 -1 -0 1 -1 0 0 -0 -0 0 -0 0

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 10% 9% 15% 31% 10% 13% 14% 16% 13% 12% 11% 16%
Debtor Days 28 45 30 27 37 54 37 37 29 33 29 32
Inventory Turnover 10.45 10.46 10.11 6.91 8.79 14.20 15.18 13.29 13.53 13.35 12.85 13.72

Shareholding pattern in percentages

Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Sep 2019 Dec 2019 Mar 2020
70.36 70.36 70.36 70.36 70.36 70.36 70.36 70.36 70.36 70.36 70.36 70.36
0.03 0.03 0.03 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.03 0.02
29.61 29.61 29.61 29.62 29.62 29.62 29.62 29.62 29.62 29.62 29.61 29.62