Sarup Industries Ltd

Sarup Industries Ltd

₹ 38.9 -1.44%
14 Jun - close price
About

Incorporated in 1979, Sarup Industries Ltd is a manufacturer of footwear including shoes and shoe uppers.

Key Points

Business Overview:[1]
Company is in the business of leather, tanneries and developing new products with wide range of uppers, soles, tanneries and complete shoes. Company manufactures export quality shoes in Northern India and also a supplier of international brands.

  • Market Cap 12.6 Cr.
  • Current Price 38.9
  • High / Low 47.2 / 20.6
  • Stock P/E
  • Book Value -23.9
  • Dividend Yield 0.00 %
  • ROCE 1.39 %
  • ROE %
  • Face Value 10.0

Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -10.1% over past five years.
  • Promoters have pledged 28.9% of their holding.
  • Company has high debtors of 299 days.
  • Working capital days have increased from 565 days to 898 days

* 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: Leather Industry: Leather / Leather Products

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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
6.99 1.82 3.41 3.90 3.06 3.43 1.44 3.19 1.09 1.30 1.63 4.83 3.84
6.95 2.06 3.04 3.39 2.91 3.21 1.47 2.83 1.52 1.49 1.83 4.15 2.93
Operating Profit 0.04 -0.24 0.37 0.51 0.15 0.22 -0.03 0.36 -0.43 -0.19 -0.20 0.68 0.91
OPM % 0.57% -13.19% 10.85% 13.08% 4.90% 6.41% -2.08% 11.29% -39.45% -14.62% -12.27% 14.08% 23.70%
0.02 0.00 0.05 0.07 0.01 0.55 0.00 0.00 0.01 0.00 0.00 0.00 0.01
Interest 0.62 0.49 0.51 0.56 0.60 0.53 0.47 0.65 0.61 0.62 0.47 0.45 0.52
Depreciation 0.22 0.22 0.22 0.22 0.23 0.20 0.19 0.19 0.25 0.19 0.19 0.19 0.17
Profit before tax -0.78 -0.95 -0.31 -0.20 -0.67 0.04 -0.69 -0.48 -1.28 -1.00 -0.86 0.04 0.23
Tax % -2.56% 0.00% 0.00% 0.00% -7.46% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 52.17%
-0.79 -0.95 -0.30 -0.20 -0.72 0.04 -0.69 -0.48 -1.28 -1.00 -0.86 0.04 0.11
EPS in Rs -2.43 -2.92 -0.92 -0.61 -2.21 0.12 -2.12 -1.48 -3.94 -3.07 -2.64 0.12 0.34
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
43.80 59.39 69.52 49.12 49.66 43.90 19.66 20.66 9.94 12.13 9.14 11.57
39.62 54.66 63.32 47.91 46.79 44.20 25.52 22.26 10.35 11.34 9.03 10.39
Operating Profit 4.18 4.73 6.20 1.21 2.87 -0.30 -5.86 -1.60 -0.41 0.79 0.11 1.18
OPM % 9.54% 7.96% 8.92% 2.46% 5.78% -0.68% -29.81% -7.74% -4.12% 6.51% 1.20% 10.20%
0.18 0.09 0.25 0.14 1.46 1.34 0.42 0.11 0.07 0.13 0.56 0.04
Interest 1.93 1.88 2.09 2.13 2.06 2.43 2.61 2.84 2.96 2.16 2.26 2.06
Depreciation 1.39 1.21 1.82 1.75 1.73 1.90 1.61 1.26 1.03 0.87 0.82 0.74
Profit before tax 1.04 1.73 2.54 -2.53 0.54 -3.29 -9.66 -5.59 -4.33 -2.11 -2.41 -1.58
Tax % 20.19% 20.23% 20.08% 7.11% 0.00% 4.56% 5.28% 0.72% -0.46% -2.37% -3.73% -7.59%
0.83 1.38 2.03 -2.36 0.54 -3.13 -9.15 -5.55 -4.35 -2.17 -2.50 -1.70
EPS in Rs 2.55 4.24 6.24 -7.26 1.66 -9.62 -28.13 -17.06 -13.37 -6.67 -7.69 -5.23
Dividend Payout % 58.73% 42.39% 28.82% 0.00% 60.19% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -15%
5 Years: -10%
3 Years: 5%
TTM: 27%
Compounded Profit Growth
10 Years: %
5 Years: 13%
3 Years: 17%
TTM: 32%
Stock Price CAGR
10 Years: -1%
5 Years: -2%
3 Years: 24%
1 Year: 39%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 3.25 3.25 3.25 3.25 3.25 3.25 3.25 3.25 3.25 3.25 3.25 3.25
Reserves 23.97 24.36 21.51 19.07 19.19 15.75 6.60 0.01 -4.34 -6.51 -9.00 -11.03
13.71 12.90 16.59 30.06 34.73 37.67 39.24 38.17 42.14 39.08 39.46 42.98
13.30 16.95 22.87 21.76 20.79 17.80 26.04 30.68 29.97 29.84 30.31 30.25
Total Liabilities 54.23 57.46 64.22 74.14 77.96 74.47 75.13 72.11 71.02 65.66 64.02 65.45
12.41 12.46 17.09 15.05 15.07 13.39 11.86 10.74 9.74 9.15 8.33 7.02
CWIP 0.20 0.26 0.35 10.41 13.09 13.09 15.71 16.00 16.03 16.03 16.03 0.00
Investments 0.43 0.43 0.43 0.43 0.71 0.71 0.40 0.29 0.29 0.29 0.29 0.29
41.19 44.31 46.35 48.25 49.09 47.28 47.16 45.08 44.96 40.19 39.37 58.14
Total Assets 54.23 57.46 64.22 74.14 77.96 74.47 75.13 72.11 71.02 65.66 64.02 65.45

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-0.85 1.02 5.30 -1.70 1.43 4.59 5.13 -2.65 -1.15 5.45 1.65 15.01
-0.39 -1.21 -5.99 -9.65 -4.67 -0.34 -2.71 -1.26 -0.06 -0.28 0.00 -16.23
1.53 -3.08 1.17 10.97 2.85 -4.06 -2.44 -2.68 1.10 -5.12 -1.84 1.55
Net Cash Flow 0.29 -3.27 0.47 -0.39 -0.38 0.19 -0.02 -6.59 -0.11 0.04 -0.19 0.33

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 100.08 65.76 64.79 83.22 98.86 92.12 168.95 166.95 365.73 269.61 382.97 298.75
Inventory Days 324.91 331.27 272.88 361.44 403.35 525.59 866.98 842.29 1,694.02 1,208.62 1,745.00 2,844.48
Days Payable 107.61 125.76 83.26 131.29 152.95 136.33 314.02 397.16 791.71 670.35 1,097.14 1,015.51
Cash Conversion Cycle 317.38 271.27 254.41 313.37 349.25 481.39 721.91 612.08 1,268.05 807.88 1,030.83 2,127.73
Working Capital Days 210.25 171.35 140.66 207.99 231.60 257.66 424.60 286.21 636.00 369.51 428.89 897.52
ROCE % 7.64% 8.87% 11.31% -0.85% 4.73% -1.95% -13.33% -6.08% -3.32% 0.13% -0.43%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.36% 74.36% 74.36% 74.36% 74.36% 74.36% 74.36% 74.36% 74.36% 74.36% 74.36% 74.36%
25.64% 25.64% 25.64% 25.64% 25.64% 25.63% 25.64% 25.64% 25.64% 25.64% 25.64% 25.63%
No. of Shareholders 1,7451,7321,7281,7281,6851,6641,6531,6461,6471,6291,6071,592

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