Super Tannery Ltd

About [ edit ]

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

  • Market Cap 30.9 Cr.
  • Current Price 2.86
  • High / Low 4.18 / 1.85
  • Stock P/E 20.4
  • Book Value 7.22
  • Dividend Yield 0.00 %
  • ROCE 6.48 %
  • ROE 4.53 %
  • Face Value 1.00

Pros

  • Stock is trading at 0.40 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -10.06% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 4.95% for last 3 years.
  • Promoters have pledged 50.82% of their holding.
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
47.75 62.04 52.56 38.64 44.44 56.18 34.95 50.21 20.14 55.52 49.37
44.35 57.40 48.42 34.44 40.67 51.75 31.26 47.92 17.42 51.80 46.22
Operating Profit 3.40 4.64 4.14 4.20 3.77 4.43 3.69 2.29 2.72 3.72 3.15
OPM % 7.12% 7.48% 7.88% 10.87% 8.48% 7.89% 10.56% 4.56% 13.51% 6.70% 6.38%
Other Income 0.53 0.46 0.50 0.61 0.20 0.29 0.17 0.40 0.22 0.18 0.22
Interest 1.35 1.30 1.18 2.52 1.37 1.68 1.79 1.91 1.20 1.35 0.79
Depreciation 1.08 1.56 1.94 1.46 1.53 1.50 1.22 1.46 1.49 1.56 1.42
Profit before tax 1.50 2.24 1.52 0.83 1.07 1.54 0.85 -0.68 0.25 0.99 1.16
Tax % 26.67% 26.34% 21.05% 14.46% 27.10% -3.25% -50.59% 94.12% 24.00% 28.28% 28.45%
Net Profit 1.10 1.66 1.21 0.72 0.77 1.59 1.29 -0.23 0.20 0.71 0.83
EPS in Rs 0.10 0.15 0.11 0.07 0.07 0.15 0.12 -0.02 0.02 0.07 0.08

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
188 172 264 252 260 351 316 240 201 246 198 186 175
186 165 248 232 240 324 289 218 187 231 180 172 163
Operating Profit 2 6 15 20 21 27 27 22 15 15 17 14 12
OPM % 1% 4% 6% 8% 8% 8% 8% 9% 7% 6% 9% 8% 7%
Other Income 15 10 0 0 1 0 1 2 4 2 1 1 1
Interest 7 6 6 9 9 10 11 10 7 6 6 7 5
Depreciation 3 3 4 4 4 4 7 7 6 6 6 6 6
Profit before tax 7 6 6 7 9 13 9 7 6 5 6 3 2
Tax % 32% 25% 41% 53% 42% 26% 39% 53% 37% 40% 34% -31%
Net Profit 5 5 4 3 5 10 6 3 3 3 4 3 2
EPS in Rs 0.42 0.45 0.33 0.30 0.46 0.89 0.51 0.29 0.32 0.30 0.37 0.32 0.15
Dividend Payout % 0% 11% 15% 17% 11% 6% 10% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:1%
5 Years:-10%
3 Years:-3%
TTM:1%
Compounded Profit Growth
10 Years:-3%
5 Years:-9%
3 Years:0%
TTM:-65%
Stock Price CAGR
10 Years:2%
5 Years:-5%
3 Years:-14%
1 Year:43%
Return on Equity
10 Years:7%
5 Years:5%
3 Years:5%
Last Year:5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
7 11 11 11 11 11 11 11 11 11 11 11 11
Reserves 37 38 41 44 48 59 62 66 56 60 64 66 67
Borrowings 75 70 80 78 82 97 99 108 75 79 71 72 88
47 61 64 50 70 76 65 66 66 69 63 64 57
Total Liabilities 166 180 196 182 211 243 237 250 208 219 209 214 222
52 56 58 60 63 69 69 72 57 54 59 65 71
CWIP 1 2 3 2 2 2 2 1 2 3 5 2 2
Investments 0 1 0 0 0 1 1 1 1 1 0 0 0
113 121 135 120 145 171 165 176 149 161 145 147 149
Total Assets 166 180 196 182 211 243 237 250 208 219 209 214 222

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
0 16 -2 5 5 -3 8 5 42 2 28 16
0 -9 -5 -5 -7 -11 -9 -9 -4 -2 -11 -10
0 -6 9 -3 3 15 -0 7 -39 -2 -15 -6
Net Cash Flow 0 0 1 -4 1 1 -1 4 -1 -3 2 1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 12% 10% 10% 12% 13% 15% 12% 9% 8% 7% 9% 6%
Debtor Days 77 75 56 59 68 60 55 74 74 89 70 71
Inventory Turnover 1.70 1.52 2.22 2.35 3.08 3.46 2.68 1.83 1.10 1.83 1.32 0.94

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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