Spice Islands Apparels Ltd

Spice Islands Apparels Ltd

₹ 40.5 0.00%
01 Mar 12:16 p.m.
About

Incorporated in 1988, Spice Islands Apparels Ltd is a manufacturer, seller and exporter of woven and knitted garments.

Key Points

Product Profile:[1]
Shirts, Blouses, Skirts, T-shirts, Polo shirts and Sweatshirts. Company also invests surplus funds from operations in Equity shares, Mutual Funds and Alternative Investments.

  • Market Cap 17.4 Cr.
  • Current Price 40.5
  • High / Low 41.3 / 6.83
  • Stock P/E 96.8
  • Book Value -1.14
  • Dividend Yield 0.00 %
  • ROCE 5.56 %
  • ROE %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Debtor days have improved from 56.0 to 25.5 days.

Cons

  • The company has delivered a poor sales growth of -50.5% over past five years.

* 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.

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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
1.24 2.06 0.36 0.60 0.91 0.81 0.02 0.15 0.51 0.19 0.20 0.13 0.10
2.11 2.35 0.80 0.98 1.30 0.80 0.12 0.17 0.58 0.22 0.13 0.10 0.18
Operating Profit -0.87 -0.29 -0.44 -0.38 -0.39 0.01 -0.10 -0.02 -0.07 -0.03 0.07 0.03 -0.08
OPM % -70.16% -14.08% -122.22% -63.33% -42.86% 1.23% -500.00% -13.33% -13.73% -15.79% 35.00% 23.08% -80.00%
0.21 -0.49 0.00 0.01 0.00 0.09 0.04 0.01 0.09 0.08 0.01 0.08 0.18
Interest 0.06 0.01 0.03 0.02 0.01 0.01 0.01 0.01 0.00 0.04 0.02 0.02 0.02
Depreciation 0.04 0.07 0.06 0.01 0.02 0.06 0.01 0.02 0.01 0.01 0.01 0.01 0.01
Profit before tax -0.76 -0.86 -0.53 -0.40 -0.42 0.03 -0.08 -0.04 0.01 0.00 0.05 0.08 0.07
Tax % -1.32% -2.33% 0.00% 0.00% 0.00% 33.33% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-0.77 -0.88 -0.53 -0.39 -0.42 0.02 -0.08 -0.03 0.01 -0.02 0.05 0.08 0.07
EPS in Rs -1.79 -2.05 -1.23 -0.91 -0.98 0.05 -0.19 -0.07 0.02 -0.05 0.12 0.19 0.16
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
13.81 12.32 16.17 24.11 22.95 17.73 28.82 17.03 15.64 6.60 2.68 0.86 0.62
13.41 13.04 16.29 23.52 22.77 19.53 30.39 21.23 18.34 8.21 3.60 1.03 0.63
Operating Profit 0.40 -0.72 -0.12 0.59 0.18 -1.80 -1.57 -4.20 -2.70 -1.61 -0.92 -0.17 -0.01
OPM % 2.90% -5.84% -0.74% 2.45% 0.78% -10.15% -5.45% -24.66% -17.26% -24.39% -34.33% -19.77% -1.61%
0.61 0.55 1.01 0.77 0.81 1.04 1.22 0.52 0.42 -0.13 -0.13 0.17 0.35
Interest 0.35 0.27 0.16 0.15 0.17 0.24 0.43 0.43 0.29 0.14 0.11 0.06 0.10
Depreciation 0.27 0.27 0.24 0.39 0.49 0.47 0.49 0.48 0.39 0.30 0.15 0.04 0.04
Profit before tax 0.39 -0.71 0.49 0.82 0.33 -1.47 -1.27 -4.59 -2.96 -2.18 -1.31 -0.10 0.20
Tax % 46.15% -7.04% 12.24% 25.61% 15.15% -5.44% -3.94% 14.60% 1.01% 0.00% -0.76% -20.00%
0.21 -0.76 0.43 0.61 0.28 -1.54 -1.32 -3.91 -2.94 -2.18 -1.32 -0.12 0.18
EPS in Rs 0.49 -1.77 1.00 1.42 0.65 -3.58 -3.07 -9.09 -6.84 -5.07 -3.07 -0.28 0.42
Dividend Payout % 153.57% -28.29% 100.00% 105.74% 115.18% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -23%
5 Years: -50%
3 Years: -62%
TTM: -58%
Compounded Profit Growth
10 Years: 7%
5 Years: 14%
3 Years: 25%
TTM: 325%
Stock Price CAGR
10 Years: 14%
5 Years: 21%
3 Years: 110%
1 Year: 354%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

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 4.30 4.30 4.30 4.30 4.30 4.30 4.30 4.30 4.30 4.30 4.30 4.30 4.30
Reserves 10.32 9.31 9.24 8.88 8.77 6.83 5.52 1.59 -1.35 -3.53 -4.82 -4.92 -4.79
3.13 0.39 0.16 0.20 1.08 2.52 4.80 3.45 1.92 2.01 0.87 0.63 0.63
1.36 1.42 1.36 2.56 1.80 1.88 3.40 2.56 3.51 2.25 3.18 1.93 1.50
Total Liabilities 19.11 15.42 15.06 15.94 15.95 15.53 18.02 11.90 8.38 5.03 3.53 1.94 1.64
2.66 2.79 2.33 1.94 2.89 3.08 3.12 2.23 2.08 1.25 0.84 0.60 0.59
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 2.07 2.14 2.68 2.36 2.88 2.96 2.71 1.81 0.19 0.00 0.00 0.00 0.00
14.38 10.49 10.05 11.64 10.18 9.49 12.19 7.86 6.11 3.78 2.69 1.34 1.05
Total Assets 19.11 15.42 15.06 15.94 15.95 15.53 18.02 11.90 8.38 5.03 3.53 1.94 1.64

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
-0.54 2.37 1.02 -2.64 1.56 -1.78 -3.43 0.82 -0.24 -0.90 0.76 0.07
0.35 0.00 0.18 0.74 -1.37 0.85 0.38 0.54 2.12 0.50 0.15 0.15
0.88 -3.39 -0.63 -0.62 -0.29 0.79 1.92 -1.72 -1.72 -0.08 -1.20 -0.30
Net Cash Flow 0.69 -1.02 0.57 -2.52 -0.10 -0.13 -1.13 -0.35 0.16 -0.48 -0.28 -0.08

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 78.50 42.96 3.84 12.11 22.90 52.08 73.33 48.22 26.14 37.61 104.87 25.47
Inventory Days 42.14 70.91 61.13 60.59 64.87 62.17 22.34 53.23 40.19 10.11 4.40 0.00
Days Payable 6.02 73.32 43.75 38.92 28.33 54.17 43.12 67.42 57.25 39.53 54.97
Cash Conversion Cycle 114.62 40.54 21.22 33.78 59.44 60.09 52.55 34.03 9.07 8.19 54.30 25.47
Working Capital Days 140.61 53.33 14.90 52.38 52.64 93.67 85.36 68.80 18.20 -16.59 -239.70 -674.83
ROCE % 5.88% -2.83% 4.26% 5.98% 2.32% -14.17% -11.46% -34.39% -36.45% -46.54% -61.34% 5.56%

Shareholding Pattern

Numbers in percentages

1 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
62.34% 62.34% 62.34% 62.34% 62.34% 62.34% 62.34% 62.34% 62.34% 62.34% 0.00% 0.00%
37.66% 37.66% 37.66% 37.66% 37.66% 37.66% 37.65% 37.66% 37.64% 37.64% 99.99% 99.99%
No. of Shareholders 1,8851,9041,9252,2292,3782,3402,3402,3442,3682,2032,1952,208

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