Super Tannery Ltd

About [ edit ]

Super Tannery is engaged in the Business of Finished Leather, Leather and Shoes, Shoes Components & Others.

  • Market Cap 65.6 Cr.
  • Current Price 6.08
  • High / Low 6.18 / 2.36
  • Stock P/E 14.2
  • Book Value 8.01
  • Dividend Yield 0.00 %
  • ROCE 6.99 %
  • ROE 5.48 %
  • Face Value 1.00

Pros

  • Stock is trading at 0.76 times its book value

Cons

  • The company has delivered a poor sales growth of -4.30% over past five years.
  • Company has a low return on equity of 4.70% for last 3 years.
  • Company might be capitalizing the interest cost
  • Promoters have pledged 50.82% of their holding.
  • Debtor days have increased from 84.70 to 107.46 days.
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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
43.92 58.56 48.63 35.23 42.03 50.36 44.53 45.42 19.58 54.99 49.67 66.63
40.72 54.30 44.70 30.99 38.41 46.17 40.76 41.92 16.89 51.26 46.07 60.10
Operating Profit 3.20 4.26 3.93 4.24 3.62 4.19 3.77 3.50 2.69 3.73 3.60 6.53
OPM % 7.29% 7.27% 8.08% 12.04% 8.61% 8.32% 8.47% 7.71% 13.74% 6.78% 7.25% 9.80%
Other Income 0.36 0.36 0.12 0.03 0.20 0.23 0.12 0.43 0.22 0.18 0.22 0.55
Interest 1.34 1.29 1.17 2.51 1.36 1.68 1.79 1.88 1.20 1.34 1.29 2.01
Depreciation 1.06 1.54 1.92 1.44 1.51 1.51 1.22 1.45 1.49 1.56 1.42 1.48
Profit before tax 1.16 1.79 0.96 0.32 0.95 1.23 0.88 0.60 0.22 1.01 1.11 3.59
Tax % 34.48% 32.96% 33.33% 37.50% 30.53% -8.94% -48.86% -110.00% 27.27% 27.72% 29.73% 18.11%
Net Profit 0.76 1.20 0.64 0.21 0.65 1.33 1.31 1.25 0.16 0.73 0.78 2.93
EPS in Rs 0.07 0.11 0.06 0.02 0.06 0.12 0.12 0.12 0.01 0.07 0.07 0.27

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
171 263 251 256 351 316 238 199 235 186 182 191
164 246 229 235 323 289 216 184 219 171 167 175
Operating Profit 6 17 22 20 28 27 22 15 16 16 15 16
OPM % 4% 7% 9% 8% 8% 9% 9% 8% 7% 8% 8% 8%
Other Income 9 0 0 1 0 1 2 2 2 1 1 1
Interest 6 6 9 9 10 11 10 7 6 6 7 5
Depreciation 3 3 4 4 4 7 7 6 6 6 6 6
Profit before tax 6 8 9 8 14 9 7 4 6 4 4 6
Tax % 27% 31% 38% 43% 24% 39% 50% 46% 34% 50% -23% 22%
Net Profit 5 6 6 5 11 5 4 2 4 2 4 5
EPS in Rs 0.42 0.52 0.53 0.44 0.98 0.51 0.33 0.23 0.38 0.20 0.42 0.43
Dividend Payout % 12% 10% 9% 11% 5% 10% 0% 0% 0% 0% 0% 12%
Compounded Sales Growth
10 Years:-3%
5 Years:-4%
3 Years:-7%
TTM:5%
Compounded Profit Growth
10 Years:-2%
5 Years:5%
3 Years:11%
TTM:2%
Stock Price CAGR
10 Years:11%
5 Years:11%
3 Years:14%
1 Year:100%
Return on Equity
10 Years:6%
5 Years:4%
3 Years:5%
Last Year:5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
11 11 11 11 11 11 11 11 11 11 11 11
Reserves 38 43 48 52 64 68 71 60 65 67 71 76
Borrowings 70 80 78 82 97 99 108 75 79 71 72 82
61 64 49 70 76 64 61 56 60 55 60 70
Total Liabilities 179 198 185 215 248 241 250 203 215 203 213 238
53 55 57 60 66 66 68 54 53 56 62 70
CWIP 2 3 2 2 2 2 1 2 3 5 2 2
Investments 4 3 3 3 3 3 3 3 3 3 3 3
121 136 122 149 177 170 177 144 157 140 146 162
Total Assets 179 198 185 215 248 241 250 203 215 203 213 238

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
16 -2 5 5 -5 8 13 42 2 25 18
-10 -6 -5 -7 -9 -9 -10 -3 -4 -11 -11
-6 9 -3 3 15 -0 -0 -39 -1 -14 -5
Net Cash Flow 0 2 -4 1 1 -1 2 -1 -3 1 2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % 10% 11% 14% 12% 15% 12% 9% 7% 7% 7% 7% 7%
Debtor Days 82 62 68 78 67 60 79 73 87 73 74 107
Inventory Turnover 1.58 2.30 2.43 3.11 3.49 2.52 1.83 1.09 1.71 1.59 1.32 1.61

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
58.78 58.78 58.78 58.78 58.78 58.78 58.78 58.78 58.78 58.78 58.78 58.78
0.00 0.00 0.00 0.00 0.00 0.00 0.03 0.00 0.00 0.00 0.00 0.00
41.22 41.22 41.22 41.22 41.22 41.22 41.20 41.22 41.22 41.22 41.22 41.22

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