Suditi Industries Ltd

Suditi Industries Ltd

₹ 15.5 -1.90%
28 May - close price
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

  • Market Cap 40.9 Cr.
  • Current Price 15.5
  • High / Low 22.0 / 13.6
  • Stock P/E
  • Book Value -5.70
  • Dividend Yield 0.00 %
  • ROCE -385 %
  • ROE %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Debtor days have improved from 150 to 92.2 days.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -0.38% over past five 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

Consolidated Figures in Rs. Crores / View Standalone

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
19.05 17.12 19.37 30.26 28.40 25.25 30.62 28.76 26.58 16.83 19.43 19.42 16.63
18.57 24.85 17.95 28.71 27.12 46.67 29.40 29.95 31.45 37.23 19.69 22.99 17.72
Operating Profit 0.48 -7.73 1.42 1.55 1.28 -21.42 1.22 -1.19 -4.87 -20.40 -0.26 -3.57 -1.09
OPM % 2.52% -45.15% 7.33% 5.12% 4.51% -84.83% 3.98% -4.14% -18.32% -121.21% -1.34% -18.38% -6.55%
0.00 0.31 0.05 0.36 0.16 -7.35 0.09 0.08 0.08 13.49 0.07 0.27 0.08
Interest 1.00 1.41 1.17 1.13 0.93 1.29 0.92 1.21 0.81 0.31 0.13 0.47 0.32
Depreciation 0.41 0.32 0.33 0.34 0.35 0.35 0.35 0.35 0.36 0.81 0.70 0.69 0.68
Profit before tax -0.93 -9.15 -0.03 0.44 0.16 -30.41 0.04 -2.67 -5.96 -8.03 -1.02 -4.46 -2.01
Tax % 4.30% -0.33% -233.33% -6.82% 0.00% 0.07% 25.00% 0.75% -0.34% 2.12% -8.82% 3.36% 5.47%
-2.88 -11.15 -0.34 -0.11 0.17 -34.75 0.02 -2.73 -5.89 -8.97 -1.31 -4.29 -2.06
EPS in Rs -1.05 -4.07 -0.14 -0.02 0.06 -12.76 0.01 -1.05 -2.21 -2.98 -0.55 -1.52 -0.76
Raw PDF
Upcoming result date: tomorrow

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
71 90 104 112 95 50 103 102 72
64 81 94 101 90 67 125 128 98
Operating Profit 7 8 10 10 4 -17 -22 -26 -25
OPM % 9% 9% 9% 9% 5% -33% -22% -26% -35%
1 0 0 0 1 0 -7 14 14
Interest 3 3 3 4 4 5 5 3 1
Depreciation 2 2 2 2 2 2 1 2 3
Profit before tax 2 4 5 5 -1 -23 -35 -18 -16
Tax % 47% 43% 32% 36% -13% -0% -0% 1%
1 2 3 3 -2 -23 -35 -18 -17
EPS in Rs 0.50 0.81 1.22 1.25 -0.61 -8.36 -12.84 -6.67 -5.81
Dividend Payout % 90% 0% 11% 10% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 0%
3 Years: 2%
TTM: -35%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 57%
Stock Price CAGR
10 Years: -4%
5 Years: -8%
3 Years: 4%
1 Year: -16%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 17 17 17 17 18 18 18 26 26
Reserves 10 12 16 19 21 -2 -37 -36 -41
23 26 33 43 38 42 42 1 3
15 25 29 30 43 45 68 70 75
Total Liabilities 65 81 95 109 119 102 90 62 63
12 11 10 10 9 8 8 14 13
CWIP 0 0 2 1 1 2 2 0 0
Investments 0 0 0 0 0 0 0 0 0
53 70 82 98 109 93 81 48 50
Total Assets 65 81 95 109 119 102 90 62 63

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-2 -0 4 -5 7 3 6 -3
-2 -1 -8 0 -2 -1 -1 13
4 1 4 5 -5 -2 -4 -10
Net Cash Flow 0 0 0 0 0 -0 0 -0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 107 122 115 157 169 244 115 92
Inventory Days 299 273 243 193 269 400 132 55
Days Payable 140 151 138 124 182 270 177 178
Cash Conversion Cycle 266 243 219 227 256 374 70 -31
Working Capital Days 173 172 164 200 225 298 23 -57
ROCE % 13% 13% 12% 4% -27% -57% -385%

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.

Click on the line-items to see the names of individual entities.

Documents

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