Suryalata Spinning Mills Ltd
Incorporated in 1983, Suryalata Spinning
Mills Ltd manufactures Synthetic Yarns
suitable for suiting, shirting and knitting[1]
- Market Cap ₹ 152 Cr.
- Current Price ₹ 355
- High / Low ₹ 1,635 / 349
- Stock P/E 10.6
- Book Value ₹ 546
- Dividend Yield 0.84 %
- ROCE 17.1 %
- ROE 14.8 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.65 times its book value
- Company has delivered good profit growth of 31.4% CAGR over last 5 years
- Company's working capital requirements have reduced from 48.6 days to 28.3 days
Cons
- The company has delivered a poor sales growth of 7.76% over past five years.
- Contingent liabilities of Rs.50.2 Cr.
- Company might be capitalizing the interest cost
- Promoters have pledged 36.0% of their holding.
* 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 - Spinning - Synthetic / Blended
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
250 | 266 | 346 | 360 | 347 | 341 | 330 | 390 | 370 | 277 | 480 | 479 | 430 | |
241 | 255 | 332 | 338 | 319 | 316 | 305 | 349 | 329 | 228 | 401 | 422 | 396 | |
Operating Profit | 9 | 11 | 14 | 22 | 29 | 25 | 25 | 41 | 41 | 48 | 79 | 57 | 35 |
OPM % | 4% | 4% | 4% | 6% | 8% | 7% | 7% | 10% | 11% | 17% | 16% | 12% | 8% |
11 | 17 | 21 | 16 | 3 | 5 | 2 | 1 | 1 | 1 | 2 | 4 | 4 | |
Interest | 7 | 9 | 12 | 11 | 9 | 8 | 7 | 10 | 11 | 11 | 9 | 5 | 6 |
Depreciation | 6 | 7 | 9 | 9 | 8 | 8 | 8 | 8 | 11 | 11 | 11 | 12 | 12 |
Profit before tax | 7 | 12 | 13 | 19 | 15 | 14 | 12 | 23 | 20 | 26 | 61 | 43 | 20 |
Tax % | 36% | 32% | 34% | 34% | 34% | 36% | 36% | 39% | 29% | 29% | 21% | 28% | |
4 | 8 | 9 | 13 | 10 | 9 | 8 | 14 | 14 | 19 | 48 | 31 | 14 | |
EPS in Rs | 11.54 | 22.06 | 24.13 | 29.65 | 22.52 | 20.69 | 18.49 | 33.35 | 33.07 | 43.99 | 111.91 | 72.72 | 31.83 |
Dividend Payout % | 13% | 7% | 6% | 6% | 1% | 7% | 8% | 5% | 3% | 5% | 3% | 4% |
Compounded Sales Growth | |
---|---|
10 Years: | 6% |
5 Years: | 8% |
3 Years: | 9% |
TTM: | -15% |
Compounded Profit Growth | |
---|---|
10 Years: | 14% |
5 Years: | 31% |
3 Years: | 30% |
TTM: | -72% |
Stock Price CAGR | |
---|---|
10 Years: | 21% |
5 Years: | 21% |
3 Years: | 39% |
1 Year: | -35% |
Return on Equity | |
---|---|
10 Years: | 15% |
5 Years: | 17% |
3 Years: | 19% |
Last Year: | 15% |
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 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
Reserves | 39 | 46 | 53 | 72 | 81 | 89 | 97 | 111 | 125 | 144 | 191 | 222 | 229 |
Preference Capital | 7 | 7 | 7 | 2 | 5 | 0 | 5 | 5 | 5 | 4 | 4 | 4 | |
84 | 129 | 108 | 114 | 87 | 86 | 64 | 121 | 96 | 79 | 73 | 65 | 96 | |
33 | 46 | 62 | 41 | 43 | 38 | 45 | 50 | 46 | 50 | 53 | 49 | 48 | |
Total Liabilities | 160 | 224 | 227 | 230 | 215 | 217 | 210 | 287 | 271 | 277 | 321 | 340 | 378 |
89 | 141 | 134 | 139 | 134 | 132 | 128 | 203 | 196 | 188 | 200 | 194 | 247 | |
CWIP | 11 | 0 | 0 | 2 | 5 | 6 | 13 | 0 | 0 | 1 | 1 | 10 | 8 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
60 | 84 | 93 | 89 | 76 | 79 | 69 | 83 | 75 | 88 | 120 | 134 | 121 | |
Total Assets | 160 | 224 | 227 | 230 | 215 | 217 | 210 | 287 | 271 | 277 | 321 | 340 | 378 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
19 | 9 | 36 | 20 | 40 | 22 | 26 | 21 | 40 | 34 | 51 | 75 | |
-8 | -44 | -3 | -16 | -8 | -8 | -6 | -70 | -3 | -6 | -34 | -59 | |
-12 | 35 | -33 | -5 | -32 | -13 | -20 | 48 | -37 | -28 | -15 | -14 | |
Net Cash Flow | -1 | 0 | 0 | -0 | -0 | 0 | -0 | -0 | 0 | -0 | 3 | 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 | 37 | 54 | 37 | 37 | 29 | 33 | 29 | 32 | 24 | 22 | 22 | 16 |
Inventory Days | 28 | 32 | 31 | 31 | 29 | 33 | 30 | 35 | 41 | 114 | 48 | 29 |
Days Payable | 15 | 6 | 11 | 5 | 6 | 5 | 7 | 4 | 5 | 6 | 3 | 2 |
Cash Conversion Cycle | 50 | 80 | 58 | 63 | 52 | 61 | 53 | 62 | 61 | 131 | 67 | 43 |
Working Capital Days | 48 | 52 | 31 | 41 | 33 | 37 | 35 | 41 | 37 | 75 | 43 | 28 |
ROCE % | 10% | 13% | 14% | 16% | 13% | 12% | 11% | 16% | 13% | 16% | 28% | 17% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
9 Feb - Company has published the Un-Audited Financial Results (Standalone & Consolidated) on 9th February, 2024 for the quarter ended 31st December, 2023 in the following newspapers: …
- Unaudited Standalone And Consolidated Financial Results For The Quarter Ended 31St December 2023 7 Feb
- Board Meeting Outcome for Outcome Of Board Meeting Under Regulation 30 Of SEBI (LODR) Regulations, 2015 7 Feb
- Board Meeting Intimation for Intimation Of Date Of Board Meeting - 7Th February 2024 - To Consider Standalone And Consolidated Un-Audited Financial Results For The Quarter Ended 31St December 2023. 1 Feb
- Closure of Trading Window 1 Jan
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Business Overview:[1][2]
SSML is an ISO 9001:2015 certified
organization which is in the business
of developing, manufacturing, marketing
of yarn products viz. Synthetic Ring Spun Yarns for Knitting, Weaving, and technical applications. It also produces Specialized Yarns like Slub Yarns, Fancy Yarns, and Micro Yarns as per market requirement