Suditi Industries Ltd

Suditi Industrie Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Suditi Industries Ltd

₹ 17.3 -0.63%
26 Apr 11:11 a.m.
suditi.in BSE: 521113
About

Incorporated in 1991, Suditi Industries Ltd is in the business of processing and manufacturing of knitted hosiery fabrics and readymade garments, and is also in the business of retail sector[1]

Key Points

Product Portfolio:[1]
a) Knitting: The knitting department has an annual production capacity of ~2000 tons and it manufactures Single Jersey, Pique, Rib, Terry, Interlocks, Pointelle, Fleece and Jacquards.
b) Dyeing: The dyeing department has a daily dyeing capacity is ~12 tons of fabric and it primarily works with cotton, viscose and polyester blends
c) Printing: It provides customers with a variety of print techniques including Reactive, Discharge,
Disperse and Pigment prints
d) Finishing: This provides clients with products tailored to their exact specifications viz. finishing winter knits, softening fabrics or undertaking stain repellent and odour eliminating treatments.
e) Garmenting: This has a capacity of daily production of ~6000 pieces which includes knitted garments for men, women and kids

Website BSE
  • Market Cap ₹ 45.6 Cr.
  • Current Price ₹ 17.3
  • High / Low ₹ 23.0 / 13.6
  • Stock P/E
  • Book Value ₹ 3.31
  • Dividend Yield 0.00 %
  • ROCE -76.3 %
  • ROE -411 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Debtor days have improved from 177 to 132 days.
  • Company's working capital requirements have reduced from 150 days to 17.8 days

Cons

  • Stock is trading at 5.26 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -1.32% over past five years.
  • Company has a low return on equity of -118% over last 3 years.
  • Company's cost of borrowing seems high

* 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 - Products

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
18.98 17.62 18.55 29.22 28.32 22.32 26.96 26.16 25.03 14.28 16.97 17.31 14.90
18.12 23.35 17.38 27.33 27.03 44.28 25.76 27.67 29.67 28.75 17.67 20.10 15.84
Operating Profit 0.86 -5.73 1.17 1.89 1.29 -21.96 1.20 -1.51 -4.64 -14.47 -0.70 -2.79 -0.94
OPM % 4.53% -32.52% 6.31% 6.47% 4.56% -98.39% 4.45% -5.77% -18.54% -101.33% -4.12% -16.12% -6.31%
0.00 0.09 0.05 0.22 0.13 -5.99 0.09 0.08 0.07 13.50 0.07 0.10 0.07
Interest 0.98 1.36 1.13 1.11 0.93 1.25 0.88 0.93 0.81 0.53 0.12 0.36 0.32
Depreciation 0.41 0.32 0.33 0.33 0.34 0.35 0.35 0.35 0.36 0.80 0.69 0.69 0.68
Profit before tax -0.53 -7.32 -0.24 0.67 0.15 -29.55 0.06 -2.71 -5.74 -2.30 -1.44 -3.74 -1.87
Tax % 7.55% -0.27% -29.17% -4.48% 0.00% 0.03% 16.67% 1.48% -0.35% 6.96% -3.47% 3.74% 5.35%
-0.49 -7.33 -0.32 0.70 0.15 -29.53 0.04 -2.67 -5.76 -2.14 -1.49 -3.60 -1.77
EPS in Rs -0.18 -2.68 -0.12 0.26 0.05 -10.82 0.01 -1.01 -2.18 -0.81 -0.57 -1.37 -0.67
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
42.00 48.44 55.11 58.55 66.68 81.52 97.70 111.43 95.74 50.56 98.21 91.44 63.46
39.84 45.65 51.00 53.34 59.83 73.35 88.46 100.77 90.03 59.50 115.71 110.76 82.36
Operating Profit 2.16 2.79 4.11 5.21 6.85 8.17 9.24 10.66 5.71 -8.94 -17.50 -19.32 -18.90
OPM % 5.14% 5.76% 7.46% 8.90% 10.27% 10.02% 9.46% 9.57% 5.96% -17.68% -17.82% -21.13% -29.78%
0.65 0.21 0.24 0.50 0.57 0.29 0.17 0.19 0.54 0.09 -5.59 13.74 13.74
Interest 1.22 1.29 2.19 2.56 3.04 2.98 3.04 3.31 3.98 4.73 4.52 3.26 1.33
Depreciation 0.78 0.99 1.20 1.94 1.74 1.79 1.51 1.82 2.07 1.57 1.35 1.86 2.86
Profit before tax 0.81 0.72 0.96 1.21 2.64 3.69 4.86 5.72 0.20 -15.15 -28.96 -10.70 -9.35
Tax % 18.52% 19.44% 19.79% 19.01% 44.32% 42.82% 30.45% 31.64% 95.00% -0.26% -0.14% 1.59%
0.66 0.58 0.77 0.98 1.47 2.11 3.38 3.91 0.02 -15.18 -29.00 -10.53 -9.00
EPS in Rs 0.22 0.30 0.38 0.57 0.81 1.30 1.48 0.01 -5.56 -10.62 -3.99 -3.42
Dividend Payout % 64.55% 143.71% 108.25% 85.05% 79.38% 39.72% 9.92% 8.69% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 7%
5 Years: -1%
3 Years: -2%
TTM: -37%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 72%
Stock Price CAGR
10 Years: -3%
5 Years: -5%
3 Years: 5%
1 Year: -17%
Return on Equity
10 Years: -19%
5 Years: -45%
3 Years: -118%
Last Year: -411%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 8.52 16.67 16.67 16.67 16.67 16.76 16.76 16.98 17.55 17.55 17.55 26.37 26.37
Reserves 7.46 7.80 8.32 9.01 10.12 12.64 16.29 20.62 24.37 9.19 -19.77 -12.56 -17.65
7.61 11.64 16.37 17.76 22.42 24.55 27.18 37.67 35.00 41.00 41.45 1.24 2.60
9.83 11.52 10.79 11.75 12.59 16.91 18.79 26.92 36.04 34.23 49.00 49.04 54.14
Total Liabilities 33.42 47.63 52.15 55.19 61.80 70.86 79.02 102.19 112.96 101.97 88.23 64.09 65.46
7.50 9.22 9.33 11.90 11.68 10.47 10.29 10.26 8.80 7.68 7.56 13.90 12.54
CWIP 0.26 3.47 4.01 0.21 0.21 0.43 1.87 0.60 1.49 1.63 1.54 0.00 0.00
Investments 0.02 0.02 0.02 0.07 0.92 0.92 0.97 0.96 0.96 0.96 2.12 2.13 2.14
25.64 34.92 38.79 43.01 48.99 59.04 65.89 90.37 101.71 91.70 77.01 48.06 50.78
Total Assets 33.42 47.63 52.15 55.19 61.80 70.86 79.02 102.19 112.96 101.97 88.23 64.09 65.46

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-0.77 -1.08 3.11 1.69 -1.11 -0.93 7.77 -7.45 4.30 0.27 6.32 -3.10
-1.69 -7.53 -2.33 -0.51 -2.45 -0.70 -7.52 0.07 -1.63 -0.63 -2.37 12.99
2.13 8.72 -0.75 -1.14 3.53 1.70 -0.18 7.44 -2.51 0.00 -3.96 -10.02
Net Cash Flow -0.33 0.11 0.03 0.04 -0.03 0.08 0.07 0.06 0.16 -0.36 -0.01 -0.13

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 58.40 66.53 64.51 68.26 101.49 101.55 87.27 142.98 155.93 261.91 137.59 131.69
Inventory Days 277.90 355.55 305.90 338.54 295.94 269.51 207.47 164.37 248.40 386.93 99.07 34.06
Days Payable 170.01 186.47 140.95 137.71 126.83 125.10 96.80 117.89 171.29 263.44 154.24 160.25
Cash Conversion Cycle 166.29 235.61 229.46 269.09 270.60 245.96 197.95 189.46 233.03 385.40 82.42 5.50
Working Capital Days 103.33 135.03 146.11 157.53 174.40 169.61 143.35 181.34 217.92 357.20 75.26 17.80
ROCE % 9.23% 6.73% 8.13% 9.06% 12.26% 12.93% 13.84% 13.33% 5.51% -14.41% -33.97% -76.31%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
66.45% 66.45% 67.06% 67.06% 67.06% 71.68% 71.68% 71.68% 71.68% 71.68% 71.68% 71.68%
0.01% 0.01% 0.01% 0.01% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
33.54% 33.54% 32.93% 32.93% 32.93% 28.32% 28.30% 28.30% 28.30% 28.31% 28.31% 28.31%
No. of Shareholders 7,3167,3047,0807,1617,0657,4147,0487,0777,0947,0816,7776,821

* 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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  • Sep 2019
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  • Jul 2019
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  • Feb 2019
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  • Nov 2018
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  • Jun 2016
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