Suryalata Spinning Mills Ltd

₹ 382 -1.89%

11 Dec 4:00 p.m.

About

Incorporated in 1983, Suryalata Spinning
Mills Ltd manufactures Synthetic Yarns
suitable for suiting, shirting and knitting^[1]

Key Points

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

Website BSE

Market Cap ₹ 160 Cr.
Current Price ₹ 382
High / Low ₹ 510 / 298
Stock P/E 12.5
Book Value ₹ 588
Dividend Yield 0.52 %
ROCE 9.97 %
ROE 8.13 %
Face Value ₹ 10.0

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Pros

Stock is trading at 0.65 times its book value

Cons

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

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2014	Sep 2014	Jun 2015	Sep 2015	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	102.56	100.71	87.50	88.97	111.06	104.93	111.51	116.64	120.41	117.54	133.86
	93.09	90.30	78.88	81.44	95.77	94.61	99.89	106.64	107.45	109.37	126.05
Operating Profit	9.47	10.41	8.62	7.53	15.29	10.32	11.62	10.00	12.96	8.17	7.81
OPM %	9.23%	10.34%	9.85%	8.46%	13.77%	9.84%	10.42%	8.57%	10.76%	6.95%	5.83%
	0.01	0.01	0.02	0.21	1.14	0.27	-0.67	0.46	0.67	0.25	0.40
Interest	2.73	3.09	2.63	2.65	1.18	1.39	1.59	2.11	1.78	2.13	1.99
Depreciation	1.99	2.30	2.02	2.03	3.24	3.19	3.46	3.87	3.92	4.10	4.17
Profit before tax	4.76	5.03	3.99	3.06	12.01	6.01	5.90	4.48	7.93	2.19	2.05
Tax %	34.03%	33.40%	33.83%	33.99%	34.89%	23.29%	16.44%	17.63%	31.90%	7.76%	17.56%
	3.14	3.35	2.64	2.02	7.82	4.61	4.93	3.69	5.40	2.02	1.69
EPS in Rs	8.56	9.14	6.19	4.73	18.33	10.80	11.55	8.65	12.66	4.73	3.96
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	TTM
	484	453	488
	423	409	450
Operating Profit	61	45	39
OPM %	13%	10%	8%
	3	1	2
Interest	5	7	8
Depreciation	12	14	16
Profit before tax	47	24	17
Tax %	28%	23%
	34	19	13
EPS in Rs	79.12	43.71	30.00
Dividend Payout %	4%	5%

Compounded Sales Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	-6%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	-43%

Stock Price CAGR
10 Years:	14%
5 Years:	27%
3 Years:	10%
1 Year:	-9%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Sep 2024
Equity Capital	4	4	4
Reserves	225	243	247
	69	99	81
	50	48	49
Total Liabilities	348	394	381
	240	286	304
CWIP	10	26	0
Investments	0	0	0
	98	82	77
Total Assets	348	394	381

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024
	81	40
	-64	-68
	-14	23
Net Cash Flow	2	-5

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024
Debtor Days	20	18
Inventory Days	29	31
Days Payable	3	3
Cash Conversion Cycle	46	46
Working Capital Days	31	37
ROCE %		10%

Shareholding Pattern

Numbers in percentages

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	70.36%	70.36%	70.36%	70.36%	70.36%	70.36%	70.36%	70.36%	70.36%	70.36%	70.36%	70.36%
	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.00%	0.02%
	29.62%	29.62%	29.62%	29.62%	29.61%	29.62%	29.62%	29.61%	29.61%	29.62%	29.64%	29.63%
No. of Shareholders	3,059	3,106	3,225	3,311	3,330	5,013	7,319	7,377	7,015	6,686	6,382	6,158

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	70.36%	70.36%	70.36%	70.36%	70.36%	70.36%	70.36%	70.36%	70.36%
	0.03%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
	29.61%	29.62%	29.62%	29.62%	29.62%	29.62%	29.62%	29.62%	29.63%
No. of Shareholders	3,475	2,734	2,592	2,492	2,515	3,106	5,013	6,686	6,158

* 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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Suryalata Spinning Mills Ltd

Suryalata Spinning Mills Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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