Hisar Spinning Mills Ltd

Hisar Spinning Mills Ltd

₹ 47.4 0.74%
15 Jul - close price
About

Incorporated in 1992, Hisar Spinning Mills Ltd manufactures and sells cotton yarn blended textile products. It is situated in Hisar,Haryana[1]

Key Points

Business Overview:[1]
Company deals in cotton yarns and has installed 3 Open End machines with double-sided frame with 224 Rotors each, totalling 672 rotors along with Ring Doublers for the manufacture of Cotton Yarn, with an installed capacity of 2200 MT

  • Market Cap 17.7 Cr.
  • Current Price 47.4
  • High / Low 60.7 / 36.6
  • Stock P/E 8.77
  • Book Value 59.6
  • Dividend Yield 0.00 %
  • ROCE 12.5 %
  • ROE 9.50 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.79 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 6.61% over past five years.

* 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 - Cotton/Blended

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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
9.64 7.47 10.03 7.90 10.53 12.16 12.72 11.15 10.65 10.39 10.84 10.42 10.34
8.59 6.49 8.65 6.67 8.85 9.94 10.01 9.97 9.82 8.96 10.19 9.22 8.94
Operating Profit 1.05 0.98 1.38 1.23 1.68 2.22 2.71 1.18 0.83 1.43 0.65 1.20 1.40
OPM % 10.89% 13.12% 13.76% 15.57% 15.95% 18.26% 21.31% 10.58% 7.79% 13.76% 6.00% 11.52% 13.54%
0.22 0.20 0.21 0.08 0.44 0.04 0.04 0.05 -0.02 0.03 0.01 0.01 0.01
Interest 0.01 0.02 0.01 0.02 0.07 0.08 0.09 0.08 0.07 0.07 0.06 0.07 0.04
Depreciation 0.19 0.13 0.14 0.14 0.18 0.62 0.63 0.63 0.61 0.42 0.43 0.42 0.42
Profit before tax 1.07 1.03 1.44 1.15 1.87 1.56 2.03 0.52 0.13 0.97 0.17 0.72 0.95
Tax % 26.17% 24.27% 25.00% 25.22% 23.53% 18.59% 22.66% 25.00% 38.46% 23.71% 64.71% 27.78% 26.32%
0.79 0.77 1.08 0.86 1.42 1.25 1.57 0.40 0.08 0.73 0.06 0.52 0.70
EPS in Rs 2.12 2.06 2.89 2.30 3.80 3.35 4.20 1.07 0.21 1.95 0.16 1.39 1.87
Raw PDF
Upcoming result date: 14 August 2024

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
17.51 21.09 23.92 23.93 26.85 28.74 30.48 31.41 28.71 35.93 46.69 41.98
15.31 18.36 21.39 20.71 22.58 24.54 25.79 27.56 26.22 30.67 39.76 37.31
Operating Profit 2.20 2.73 2.53 3.22 4.27 4.20 4.69 3.85 2.49 5.26 6.93 4.67
OPM % 12.56% 12.94% 10.58% 13.46% 15.90% 14.61% 15.39% 12.26% 8.67% 14.64% 14.84% 11.12%
1.03 0.08 0.13 0.42 -0.22 0.14 0.26 0.20 0.42 0.92 0.11 0.06
Interest 0.44 0.34 0.28 0.47 0.74 0.61 0.52 0.22 0.08 0.11 0.31 0.24
Depreciation 1.37 1.11 1.35 2.31 2.72 1.88 1.25 1.06 0.78 0.60 2.49 1.69
Profit before tax 1.42 1.36 1.03 0.86 0.59 1.85 3.18 2.77 2.05 5.47 4.24 2.80
Tax % 20.42% 12.50% 23.30% 31.40% 71.19% 23.78% 28.62% 28.52% 28.29% 24.68% 21.70% 28.21%
1.13 1.20 0.79 0.60 0.17 1.41 2.27 1.98 1.47 4.13 3.31 2.02
EPS in Rs 3.03 3.21 2.12 1.61 0.46 3.78 6.08 5.30 3.94 11.06 8.86 5.41
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: 7%
3 Years: 14%
TTM: -10%
Compounded Profit Growth
10 Years: 5%
5 Years: -2%
3 Years: 11%
TTM: -39%
Stock Price CAGR
10 Years: 19%
5 Years: 32%
3 Years: 46%
1 Year: 3%
Return on Equity
10 Years: 16%
5 Years: 17%
3 Years: 17%
Last Year: 10%

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 3.74 3.74 3.74 3.74 3.74 3.74 3.74 3.74 3.74 3.74 3.74 3.74
Reserves 0.14 1.33 2.12 2.72 2.23 3.21 5.66 7.65 9.10 13.18 16.51 18.53
5.84 4.17 3.61 6.69 5.51 4.02 3.75 2.50 1.66 4.64 2.95 3.09
0.77 0.82 0.80 1.28 3.88 4.17 4.43 4.67 3.66 5.85 2.96 1.50
Total Liabilities 10.49 10.06 10.27 14.43 15.36 15.14 17.58 18.56 18.16 27.41 26.16 26.86
4.89 4.20 2.95 6.98 6.15 4.41 3.93 3.41 2.71 9.08 7.07 5.44
CWIP 0.00 0.00 0.38 0.59 0.00 0.00 0.24 0.00 0.00 0.07 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
5.60 5.86 6.94 6.86 9.21 10.73 13.41 15.15 15.45 18.26 19.09 21.42
Total Assets 10.49 10.06 10.27 14.43 15.36 15.14 17.58 18.56 18.16 27.41 26.16 26.86

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
-0.29 2.85 2.13 3.04 2.10 2.27 1.63 3.73 -0.61 2.43 1.31 2.28
-0.15 -0.38 -1.72 -5.05 -0.75 -0.06 -0.38 -2.29 0.83 -4.84 -0.08 -0.73
-0.23 -2.06 -0.81 2.65 -1.24 -2.31 -0.62 -1.47 -0.94 2.89 -2.00 -0.10
Net Cash Flow -0.67 0.41 -0.41 0.64 0.11 -0.10 0.63 -0.03 -0.72 0.48 -0.76 1.45

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 11.67 12.63 9.61 20.90 20.53 23.75 28.62 25.91 38.39 24.38 32.60 23.91
Inventory Days 141.06 103.56 80.31 92.21 110.52 116.32 155.68 134.43 180.76 230.27 151.04 169.09
Days Payable 13.63 9.68 9.03 10.50 9.49 8.36 19.19 32.65 29.24 74.57 28.41 8.74
Cash Conversion Cycle 139.11 106.51 80.90 102.61 121.56 131.71 165.11 127.69 189.92 180.08 155.23 184.26
Working Capital Days 80.67 58.50 43.79 39.81 50.16 60.58 88.62 56.24 110.35 111.14 116.72 133.55
ROCE % 25.24% 17.93% 14.00% 10.17% 13.64% 22.09% 30.68% 22.04% 15.01% 30.95% 20.33% 12.52%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
50.49% 50.49% 50.49% 50.49% 50.48% 50.47% 50.47% 50.47% 50.47% 50.47% 50.47% 50.47%
49.51% 49.51% 49.51% 49.51% 49.52% 49.53% 49.54% 49.54% 49.53% 49.53% 49.53% 49.53%
No. of Shareholders 10,07810,05710,03110,0139,9969,9619,9329,9099,8839,8589,8299,814

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