Surbhi Industries Ltd

Surbhi Industries Ltd

₹ 4.42 4.99%
15 Apr 2024
About

Incorporated in 1992, Surbhi Industries Ltd manufactures Fabric and Yarn (Textile)

Key Points

Business Overview:[1]
Company is a part of the Surbhi Group which consists of other entities viz., Surbhi Textile Mills Private Limited. Company's manufacturing facility is located at Surat and it sells its products under the brand name ‘Surbhi’.

  • Market Cap 1.52 Cr.
  • Current Price 4.42
  • High / Low 4.42 / 2.38
  • Stock P/E
  • Book Value 40.2
  • Dividend Yield 0.00 %
  • ROCE 0.28 %
  • ROE -11.0 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 0.11 times its book value
  • Debtor days have improved from 52.3 to 36.9 days.
  • Promoter holding has increased by 3.35% over last quarter.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -1.64% over past five years.
  • Company has a low return on equity of -0.83% over last 3 years.
  • Earnings include an other income of Rs.2.12 Cr.

* 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 - Processing

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Quarterly Results

Figures in Rs. Crores

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
7.90 3.10 7.17 9.56 8.78 7.12 8.26 4.29 7.42 3.10 5.45 5.85 3.49
6.51 1.69 5.57 7.28 8.41 5.98 5.79 5.04 6.77 3.35 5.36 5.36 3.27
Operating Profit 1.39 1.41 1.60 2.28 0.37 1.14 2.47 -0.75 0.65 -0.25 0.09 0.49 0.22
OPM % 17.59% 45.48% 22.32% 23.85% 4.21% 16.01% 29.90% -17.48% 8.76% -8.06% 1.65% 8.38% 6.30%
0.26 0.23 0.33 0.24 0.28 0.29 0.25 0.14 0.88 0.56 0.47 0.37 0.71
Interest 0.08 0.15 0.28 0.31 0.34 0.35 0.34 0.39 0.42 1.00 0.53 0.33 -0.17
Depreciation 0.74 0.74 0.99 1.08 0.92 0.77 0.81 0.87 1.03 0.61 0.56 0.56 0.83
Profit before tax 0.83 0.75 0.66 1.13 -0.61 0.31 1.57 -1.87 0.08 -1.30 -0.53 -0.03 0.27
Tax % -62.65% 0.00% 27.27% 0.00% 6.56% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
1.35 0.75 0.49 1.13 -0.57 0.31 1.57 -1.87 0.07 -1.30 -0.53 -0.03 0.26
EPS in Rs 3.93 2.18 1.43 3.29 -1.66 0.90 4.57 -5.44 0.20 -3.78 -1.54 -0.09 0.76
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2011 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
18.41 35.32 41.34 30.77 20.80 19.80 19.43 28.76 18.03 28.61 27.07 17.89
17.67 31.27 34.30 24.21 16.99 16.81 16.55 22.77 13.26 22.96 23.55 17.36
Operating Profit 0.74 4.05 7.04 6.56 3.81 2.99 2.88 5.99 4.77 5.65 3.52 0.53
OPM % 4.02% 11.47% 17.03% 21.32% 18.32% 15.10% 14.82% 20.83% 26.46% 19.75% 13.00% 2.96%
0.70 1.44 1.96 1.76 3.78 1.35 1.56 1.35 1.02 1.09 1.55 2.12
Interest 0.48 1.56 2.25 2.26 2.41 1.47 1.40 0.94 0.48 1.08 1.50 1.69
Depreciation 0.74 1.88 2.80 3.87 4.42 4.51 4.35 3.30 2.95 3.72 3.48 2.57
Profit before tax 0.22 2.05 3.95 2.19 0.76 -1.64 -1.31 3.10 2.36 1.94 0.09 -1.61
Tax % -27.27% 27.32% 28.61% 26.94% 3.95% 45.73% 48.09% 9.68% 34.32% 42.78% 0.00% 0.00%
0.28 1.50 2.83 1.60 0.72 -0.90 -0.68 2.80 1.55 1.11 0.09 -1.60
EPS in Rs 0.81 4.36 8.23 4.65 2.09 -2.62 -1.98 8.15 4.51 3.23 0.26 -4.65
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -7%
5 Years: -2%
3 Years: 0%
TTM: -34%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -1555%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 46%
1 Year: 95%
Return on Equity
10 Years: 6%
5 Years: 5%
3 Years: -1%
Last Year: -11%

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 3.43 3.43 3.43 3.43 3.43 3.44 3.44 3.44 3.44 3.44 3.44 3.44
Reserves 2.06 4.42 7.25 8.85 9.57 8.68 8.00 10.80 12.45 13.58 11.81 10.37
2.92 10.08 13.96 17.83 16.57 12.93 9.79 5.72 4.23 16.13 15.97 12.47
2.23 3.73 6.13 8.07 1.66 0.91 1.24 1.71 1.26 1.16 4.01 5.27
Total Liabilities 10.64 21.66 30.77 38.18 31.23 25.96 22.47 21.67 21.38 34.31 35.23 31.55
4.81 11.78 20.60 26.56 20.63 16.38 12.11 8.84 7.46 15.47 18.87 18.52
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.14 0.00 0.00 0.00
Investments 0.22 0.22 0.22 0.22 0.22 0.22 0.22 0.22 0.22 0.22 0.22 0.22
5.61 9.66 9.95 11.40 10.38 9.36 10.14 12.61 13.56 18.62 16.14 12.81
Total Assets 10.64 21.66 30.77 38.18 31.23 25.96 22.47 21.67 21.38 34.31 35.23 31.55

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1.59 4.09 6.80 6.92 6.96 4.21 3.70 4.60 3.36 1.27 7.46 5.16
-0.21 -1.52 -11.45 -9.73 0.95 0.90 0.32 0.46 -1.40 -11.42 -6.77 -2.07
-1.37 -2.59 4.67 2.82 -7.92 -5.11 -4.02 -5.01 -1.97 10.60 -1.20 -3.08
Net Cash Flow 0.01 -0.02 0.02 0.00 0.00 0.01 0.00 0.04 -0.01 0.46 -0.51 0.00

Ratios

Figures in Rs. Crores

Mar 2011 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 37.67 56.53 50.94 50.06 56.33 81.11 87.73 91.25 106.48 64.68 55.28 36.93
Inventory Days 73.05 28.28 20.28 85.21 89.91 39.61 37.67 22.96 109.76 66.52 159.46 210.10
Days Payable 41.13 36.69 19.14 45.04 5.66 5.97 25.33 17.39 45.56 16.33 14.24 38.14
Cash Conversion Cycle 69.60 48.12 52.09 90.23 140.58 114.75 100.07 96.82 170.68 114.87 200.51 208.89
Working Capital Days 75.14 31.62 26.22 29.30 100.73 108.76 112.52 96.07 185.84 171.46 148.32 170.36
ROCE % 8.38% 28.71% 16.26% 10.62% -0.51% 0.39% 19.62% 14.17% 11.26% 5.00%

Shareholding Pattern

Numbers in percentages

3 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
60.53% 60.53% 60.53% 60.53% 60.53% 64.76% 64.76% 64.76% 66.41% 66.41% 66.41% 69.76%
39.47% 39.47% 39.47% 39.47% 39.47% 35.24% 35.24% 35.24% 33.59% 33.59% 33.59% 30.24%
No. of Shareholders 4,6044,6034,6034,6004,5984,5934,5934,5934,5914,5914,5904,589

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