Super Tannery Ltd
Super Tannery Ltd was set up in 1953 in Uttar Pradesh, it is a part of Superhouse Group. The co. is in the manufacturing and exports of leather and leather products. The co. specializes in the manufacturing of leather for Automotive & Furniture Upholstery, Safety & Lifestyle Footwear, Bags, Belts, Sporting Goods and Equestrian equipment. The company consists of 7 manufacturing units and exports its products to around 78 countries. Mr. Iftikhar Amin is the managing director of the co. [1][2]
- Market Cap ₹ 82.1 Cr.
- Current Price ₹ 7.60
- High / Low ₹ 8.70 / 5.14
- Stock P/E 13.0
- Book Value ₹ 8.50
- Dividend Yield 0.65 %
- ROCE 7.63 %
- ROE 7.10 %
- Face Value ₹ 1.00
Pros
- Stock is trading at 0.89 times its book value
Cons
- The company has delivered a poor sales growth of -1.60% over past five years.
- Company has a low return on equity of 6.22% over last 3 years.
- Company might be capitalizing the interest cost
- Promoters have pledged 50.8% 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
252 | 260 | 351 | 316 | 240 | 201 | 246 | 198 | 186 | 191 | 221 | 227 | |
232 | 239 | 324 | 289 | 218 | 187 | 230 | 180 | 172 | 175 | 206 | 210 | |
Operating Profit | 20 | 21 | 27 | 27 | 22 | 15 | 16 | 17 | 14 | 16 | 15 | 17 |
OPM % | 8% | 8% | 8% | 8% | 9% | 7% | 6% | 9% | 8% | 9% | 7% | 7% |
0 | 1 | 0 | 1 | 2 | 4 | 1 | 1 | 1 | 1 | 3 | 2 | |
Interest | 9 | 9 | 10 | 11 | 10 | 7 | 6 | 6 | 7 | 5 | 4 | 4 |
Depreciation | 4 | 4 | 4 | 7 | 7 | 6 | 6 | 6 | 6 | 6 | 6 | 7 |
Profit before tax | 7 | 9 | 13 | 9 | 7 | 6 | 5 | 6 | 3 | 6 | 7 | 8 |
Tax % | 53% | 42% | 26% | 39% | 53% | 37% | 40% | 34% | -31% | 22% | 36% | 19% |
Net Profit | 3 | 5 | 10 | 6 | 3 | 3 | 3 | 4 | 4 | 5 | 5 | 6 |
EPS in Rs | 0.30 | 0.46 | 0.89 | 0.51 | 0.29 | 0.32 | 0.30 | 0.37 | 0.32 | 0.44 | 0.42 | 0.58 |
Dividend Payout % | 17% | 11% | 6% | 10% | 0% | 0% | 0% | 0% | 0% | 11% | 12% | 9% |
Compounded Sales Growth | |
---|---|
10 Years: | -1% |
5 Years: | -2% |
3 Years: | 7% |
TTM: | 3% |
Compounded Profit Growth | |
---|---|
10 Years: | 3% |
5 Years: | 17% |
3 Years: | 22% |
TTM: | 39% |
Stock Price CAGR | |
---|---|
10 Years: | 18% |
5 Years: | 14% |
3 Years: | 39% |
1 Year: | 6% |
Return on Equity | |
---|---|
10 Years: | 6% |
5 Years: | 6% |
3 Years: | 6% |
Last Year: | 7% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | |
Reserves | 44 | 48 | 59 | 62 | 66 | 56 | 60 | 64 | 66 | 71 | 75 | 81 |
78 | 82 | 97 | 99 | 108 | 75 | 79 | 71 | 72 | 83 | 77 | 68 | |
50 | 70 | 76 | 65 | 66 | 66 | 69 | 63 | 65 | 75 | 69 | 65 | |
Total Liabilities | 182 | 211 | 243 | 237 | 250 | 208 | 219 | 209 | 214 | 240 | 232 | 225 |
60 | 63 | 69 | 69 | 72 | 57 | 54 | 59 | 65 | 73 | 74 | 73 | |
CWIP | 2 | 2 | 2 | 2 | 1 | 2 | 3 | 5 | 2 | 2 | 8 | 11 |
Investments | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
120 | 145 | 171 | 165 | 176 | 149 | 161 | 145 | 147 | 165 | 149 | 140 | |
Total Assets | 182 | 211 | 243 | 237 | 250 | 208 | 219 | 209 | 214 | 240 | 232 | 225 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
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 | -3 | 8 | 5 | 42 | 2 | 28 | 16 | 6 | 20 | 21 | |
-5 | -7 | -11 | -9 | -9 | -4 | -2 | -11 | -10 | -14 | -11 | -6 | |
-3 | 3 | 15 | -0 | 7 | -39 | -2 | -15 | -6 | 7 | -9 | -13 | |
Net Cash Flow | -4 | 1 | 1 | -1 | 4 | -1 | -3 | 2 | 1 | -1 | 0 | 1 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 59 | 68 | 60 | 55 | 74 | 74 | 89 | 70 | 71 | 103 | 82 | 76 |
Inventory Days | 147 | 136 | 118 | 144 | 216 | 320 | 192 | 314 | 427 | 349 | 242 | 148 |
Days Payable | 68 | 80 | 63 | 64 | 85 | 140 | 106 | 142 | 184 | 204 | 132 | 85 |
Cash Conversion Cycle | 139 | 123 | 115 | 134 | 205 | 255 | 175 | 243 | 314 | 247 | 192 | 139 |
Working Capital Days | 100 | 102 | 97 | 112 | 162 | 149 | 145 | 159 | 156 | 165 | 134 | 122 |
ROCE % | 12% | 13% | 15% | 12% | 9% | 8% | 7% | 9% | 6% | 7% | 7% | 8% |
Documents
Announcements
- RE-Submission Of Annual Audited Results For The Year Ended On 31.03.2023 1d
- Announcement under Regulation 30 (LODR)-Newspaper Publication 1 Jun
- Announcement under Regulation 30 (LODR)-Newspaper Publication 1 Jun
- Related Parties Transactions For The Half-Year Ended 31St March 2023 30 May
- Board Meeting Outcome for Board Meeting Outcome For Recommendation Of Dividend 30 May
Annual reports
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2011
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Financial Year 2010
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Superhouse Group
Superhouse Group is a conglomeration of several companies engaged in manufacturing and export of finished leather, leather products and textile garments. The parent company, Aminsons Leather Finishers Pvt was incorporated in 1980. Later, five group companies - Super House Limited, Super Garments Limited, Sharp Leathers Limited, Super Footwear Limited and Allen Shoes Limited were merged into the co. The name of the company was changed to Superhouse Leathers Limited. [1]