Suryalata Spinning Mills Ltd

Suryalata Spinning Mills Ltd

₹ 378 -1.33%
30 May - close price
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

  • Market Cap 161 Cr.
  • Current Price 378
  • High / Low 1,479 / 349
  • Stock P/E 8.33
  • Book Value 580
  • Dividend Yield 0.79 %
  • ROCE 9.91 %
  • ROE 8.13 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.65 times its book value

Cons

  • Contingent liabilities of Rs.50.2 Cr.
  • 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.

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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
102.56 100.71 87.50 88.97 111.06 104.93 111.51 116.64 120.41
93.09 90.30 78.88 81.44 95.77 94.60 99.89 106.64 107.45
Operating Profit 9.47 10.41 8.62 7.53 15.29 10.33 11.62 10.00 12.96
OPM % 9.23% 10.34% 9.85% 8.46% 13.77% 9.84% 10.42% 8.57% 10.76%
0.01 0.01 0.02 0.21 1.14 0.27 -0.67 0.46 0.67
Interest 2.73 3.09 2.63 2.65 1.18 1.39 1.59 2.11 1.78
Depreciation 1.99 2.30 2.02 2.03 3.24 3.19 3.46 3.87 3.92
Profit before tax 4.76 5.03 3.99 3.06 12.01 6.02 5.90 4.48 7.93
Tax % 34.03% 33.40% 33.83% 33.99% 34.89% 23.26% 23.39% 17.63% 31.90%
3.14 3.35 2.64 2.02 7.82 4.62 4.52 3.69 5.40
EPS in Rs 8.56 9.14 6.19 4.73 18.33 10.83 10.59 8.65 12.66
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Mar 2024
484 453
423 409
Operating Profit 61 45
OPM % 13% 10%
3 1
Interest 5 7
Depreciation 12 14
Profit before tax 47 24
Tax % 28% 23%
34 19
EPS in Rs 79.12 43.71
Dividend Payout % 4% 0%
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: 19%
5 Years: 20%
3 Years: 29%
1 Year: -72%
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
Equity Capital 4 4
Reserves 225 243
Preference Capital 4
65 99
54 49
Total Liabilities 348 396
240 286
CWIP 10 26
Investments 0 0
98 84
Total Assets 348 396

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 %

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 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% 0.02% 0.02%
29.62% 29.62% 29.62% 29.62% 29.62% 29.62% 29.61% 29.62% 29.62% 29.61% 29.61% 29.62%
No. of Shareholders 2,5143,2333,0593,1063,2253,3113,3305,0137,3197,3777,0156,686

* 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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