Super Tannery Ltd

Super Tannery Ltd

₹ 9.30 0.32%
26 Apr 9:20 a.m.
About

Incorporated in 1953, Super Tannery Ltd manufactures and exports Leather and leather goods[1]

Key Points

Business Overview:[1]
Company is a buffalo leather tannery which manufactures leather for Automotive & Furniture Upholstery, Safety & Lifestyle Footwear, Bags, Belts, Accessories, Sporting Goods and Equestrian equipment

Product Profile:[2]
Finished Leather, Men’s Footwear, Ladies Footwear, Children Footwear, Safety Footwear, Leather Accessories, Readymade Garments, Leather Garments, Riding Products, Safety Wear

  • Market Cap 100 Cr.
  • Current Price 9.30
  • High / Low 12.8 / 6.80
  • Stock P/E 18.1
  • Book Value 9.08
  • Dividend Yield 0.54 %
  • ROCE 7.23 %
  • ROE 6.47 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Stock is trading at 1.02 times its book value

Cons

  • The company has delivered a poor sales growth of -0.90% over past five years.
  • Company has a low return on equity of 5.54% over last 3 years.
  • Company might be capitalizing the interest cost
  • Promoters have pledged 51.1% of their holding.

* 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

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
49.67 66.63 55.11 57.82 45.39 62.86 54.97 62.71 50.11 56.79 49.06 60.40 54.88
46.58 60.10 51.34 54.38 41.69 58.31 51.10 58.55 46.28 52.10 45.13 56.12 51.29
Operating Profit 3.09 6.53 3.77 3.44 3.70 4.55 3.87 4.16 3.83 4.69 3.93 4.28 3.59
OPM % 6.22% 9.80% 6.84% 5.95% 8.15% 7.24% 7.04% 6.63% 7.64% 8.26% 8.01% 7.09% 6.54%
0.22 0.55 0.26 0.23 0.25 0.68 0.28 0.43 0.17 1.19 0.33 0.34 0.32
Interest 0.78 2.01 0.95 0.65 1.32 1.04 1.05 0.82 1.14 1.46 0.95 0.91 1.01
Depreciation 1.42 1.48 1.50 1.35 1.71 1.70 1.68 1.57 1.54 1.78 1.69 1.72 1.55
Profit before tax 1.11 3.59 1.58 1.67 0.92 2.49 1.42 2.20 1.32 2.64 1.62 1.99 1.35
Tax % 29.73% 18.11% 27.22% 28.14% 27.17% 58.63% 29.58% -1.36% 28.79% 28.41% 25.93% 23.62% 29.63%
0.78 2.93 1.14 1.20 0.67 1.02 1.00 2.23 0.95 1.88 1.20 1.52 0.95
EPS in Rs 0.07 0.27 0.11 0.11 0.06 0.09 0.09 0.21 0.09 0.17 0.11 0.14 0.09
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
251 256 351 316 238 199 235 186 182 191 221 225 221
229 235 323 289 216 184 219 171 167 175 206 208 205
Operating Profit 22 21 28 27 22 15 16 16 15 16 15 17 16
OPM % 9% 8% 8% 9% 9% 8% 7% 8% 8% 8% 7% 7% 7%
0 1 0 1 2 2 2 1 1 1 1 2 2
Interest 9 9 10 11 10 7 6 6 7 5 4 4 4
Depreciation 4 4 4 7 7 6 6 6 6 6 6 7 7
Profit before tax 9 8 14 9 7 4 6 4 4 6 7 8 8
Tax % 38% 43% 24% 39% 50% 46% 34% 50% -23% 22% 39% 20%
6 5 11 5 4 2 4 2 4 5 4 6 6
EPS in Rs 0.53 0.44 0.98 0.51 0.33 0.23 0.38 0.20 0.42 0.43 0.37 0.56 0.51
Dividend Payout % 9% 11% 5% 10% 0% 0% 0% 0% 0% 12% 13% 9%
Compounded Sales Growth
10 Years: -1%
5 Years: -1%
3 Years: 7%
TTM: -4%
Compounded Profit Growth
10 Years: 3%
5 Years: 12%
3 Years: 10%
TTM: 7%
Stock Price CAGR
10 Years: 19%
5 Years: 27%
3 Years: 50%
1 Year: 16%
Return on Equity
10 Years: 6%
5 Years: 5%
3 Years: 6%
Last Year: 6%

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 11 11 11 11 11 11 11 11 11 11 11 11 11
Reserves 48 52 64 68 71 60 65 67 71 76 79 85 87
78 82 97 99 108 75 79 71 72 83 77 68 60
49 70 76 64 61 56 60 55 60 68 63 63 67
Total Liabilities 185 215 248 241 250 203 215 203 213 238 230 227 225
57 60 66 66 68 54 53 56 62 70 71 72 71
CWIP 2 2 2 2 1 2 3 5 2 2 8 11 13
Investments 3 3 3 3 3 3 3 3 3 3 3 3 3
122 149 177 170 177 144 157 140 146 162 148 141 138
Total Assets 185 215 248 241 250 203 215 203 213 238 230 227 225

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
5 5 -5 8 13 42 2 25 18 4 21 21
-5 -7 -9 -9 -10 -3 -4 -11 -11 -14 -11 -8
-3 3 15 -0 -0 -39 -1 -14 -5 8 -9 -13
Net Cash Flow -4 1 1 -1 2 -1 -3 1 2 -2 1 0

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 68 78 67 60 79 73 87 73 74 107 88 87
Inventory Days 142 137 117 153 216 323 207 253 301 248 173 163
Days Payable 67 81 66 67 80 117 90 98 121 134 89 97
Cash Conversion Cycle 143 134 117 146 215 279 204 228 254 221 172 153
Working Capital Days 105 108 103 118 173 160 157 174 167 178 143 130
ROCE % 14% 12% 15% 12% 9% 7% 7% 7% 7% 7% 6% 7%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
58.78% 58.78% 58.78% 58.78% 58.78% 58.78% 58.78% 58.74% 58.69% 58.44% 58.44% 58.42%
0.00% 0.00% 0.00% 0.00% 0.00% 0.02% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
41.22% 41.22% 41.22% 41.22% 41.22% 41.20% 41.22% 41.25% 41.30% 41.55% 41.55% 41.58%
No. of Shareholders 7,9628,28910,67013,08813,57113,39913,18213,16313,05513,46314,24115,579

* 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.

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