Spice Islands Industries Ltd

Spice Islands Industries Ltd

₹ 52.1 5.00%
22 Apr - close price
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 22.4 Cr.
  • Current Price 52.1
  • High / Low 52.1 / 12.8
  • Stock P/E 12.8
  • Book Value 32.4
  • Dividend Yield 0.00 %
  • ROCE 28.2 %
  • ROE 24.7 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 25.3%
  • Debtor days have improved from 59.6 to 30.5 days.
  • Promoter holding has increased by 62.5% over last quarter.
  • Company's working capital requirements have reduced from 114 days to 68.5 days

Cons

  • Earnings include an other income of Rs.1.59 Cr.

* 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

Consolidated Figures in Rs. Crores / View Standalone

Dec 2007 Mar 2008 Jun 2008 Sep 2008 Dec 2008 Mar 2009 Jun 2009 Sep 2009 Dec 2009 Mar 2010 Jun 2010 Sep 2010 Dec 2010
1.97 4.71 3.02 3.51 2.98 4.90 3.42 4.53 7.09 5.35 2.55 5.31 4.61
1.81 3.77 2.29 2.82 2.48 5.19 2.67 3.81 5.65 5.72 2.08 4.92 4.30
Operating Profit 0.16 0.94 0.73 0.69 0.50 -0.29 0.75 0.72 1.44 -0.37 0.47 0.39 0.31
OPM % 8.12% 19.96% 24.17% 19.66% 16.78% -5.92% 21.93% 15.89% 20.31% -6.92% 18.43% 7.34% 6.72%
0.06 -0.48 0.08 0.11 0.17 0.36 0.37 0.28 0.24 0.91 0.25 0.20 0.23
Interest 0.00 0.00 0.00 0.01 0.02 0.02 0.04 0.03 0.09 -0.04 0.02 0.04 0.05
Depreciation 0.08 0.09 0.08 0.08 0.10 0.06 0.08 0.06 0.08 0.06 0.08 0.07 0.08
Profit before tax 0.14 0.37 0.73 0.71 0.55 -0.01 1.00 0.91 1.51 0.52 0.62 0.48 0.41
Tax % 0.00% -67.57% 4.11% 15.49% -5.45% 1,900.00% 37.00% -9.89% 27.81% -17.31% 27.42% 12.50% 34.15%
0.13 0.60 0.70 0.59 0.58 0.13 0.63 1.00 1.09 0.61 0.45 0.42 0.27
EPS in Rs 0.30 1.40 1.63 1.37 1.35 0.30 1.47 2.33 2.53 1.42 1.05 0.98 0.63
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010 TTM
20.49 12.01 12.27 13.23 18.81 17.82
23.24 14.54 11.60 12.09 17.90 17.02
Operating Profit -2.75 -2.53 0.67 1.14 0.91 0.80
OPM % -13.42% -21.07% 5.46% 8.62% 4.84% 4.49%
1.86 1.33 0.71 1.25 3.62 1.59
Interest 0.15 0.10 0.06 0.10 0.32 0.07
Depreciation 0.32 0.34 0.34 0.32 0.28 0.29
Profit before tax -1.36 -1.64 0.98 1.97 3.93 2.03
Tax % -13.97% 14.63% -20.41% -1.52% 15.27%
-1.55 -1.40 1.18 2.00 3.33 1.75
EPS in Rs -3.60 -3.26 2.74 4.65 7.74 4.08
Dividend Payout % 0.00% 0.00% 0.00% 21.35% 19.23%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 16%
TTM: -11%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 60%
TTM: -39%
Stock Price CAGR
10 Years: 19%
5 Years: 21%
3 Years: 162%
1 Year: 327%
Return on Equity
10 Years: %
5 Years: %
3 Years: 25%
Last Year: 25%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010
Equity Capital 4.27 4.27 4.27 4.27 4.27
Reserves 5.82 4.42 5.60 7.10 9.67
2.08 1.00 0.10 1.91 1.20
2.14 1.68 1.71 1.99 2.43
Total Liabilities 14.31 11.37 11.68 15.27 17.57
4.53 4.46 3.49 3.35 3.32
CWIP 0.00 0.00 0.00 0.00 0.00
Investments 0.03 0.03 0.06 0.60 1.86
9.75 6.88 8.13 11.32 12.39
Total Assets 14.31 11.37 11.68 15.27 17.57

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010
-0.45 1.11 2.91 2.12 4.04
-0.11 -0.18 -0.09 -1.37 -1.32
0.59 -1.14 -0.93 1.77 -0.82
Net Cash Flow 0.03 -0.21 1.89 2.52 1.90

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010
Debtor Days 49.34 35.25 49.08 99.32 30.47
Inventory Days 67.35 33.53 55.38 33.08 39.63
Days Payable 39.62 17.53 71.74 38.78 20.16
Cash Conversion Cycle 77.08 51.26 32.72 93.62 49.93
Working Capital Days 138.59 170.50 139.52 134.63 68.50
ROCE % -14.91% 17.60% 29.16% 28.22%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
62.34% 62.34% 62.34% 62.34% 62.34% 62.34% 62.34% 62.34% 62.34% 0.00% 0.00% 62.50%
37.66% 37.66% 37.66% 37.66% 37.66% 37.65% 37.66% 37.64% 37.64% 99.99% 99.99% 37.49%
No. of Shareholders 1,9041,9252,2292,3782,3402,3402,3442,3682,2032,1952,2082,158

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