Surat Textile Mills Ltd

Surat Textile Mills is engaged in the business of manufacturing Polyester Chips and Partially Oriented Yarn (POY).

  • Market Cap: 60.86 Cr.
  • Current Price: 2.74
  • 52 weeks High / Low 4.20 / 0.81
  • Book Value: 5.62
  • Stock P/E: 7.80
  • Dividend Yield: 0.00 %
  • ROCE: 9.55 %
  • ROE: 10.17 %
  • Sales Growth (3Yrs): 17.81 %
  • Listed on BSE
  • Company Website
  • Face Value: 1.00
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Pros:
Company has reduced debt.
Company is virtually debt free.
Stock is trading at 0.49 times its book value
Company has delivered good profit growth of 59.17% CAGR over last 5 years
Cons:
Though the company is reporting repeated profits, it is not paying out dividend
Company has a low return on equity of 10.94% for last 3 years.
Earnings include an other income of Rs.4.61 Cr.

Peer comparison Sector: Textiles // Industry: Textiles - Manmade

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020
40.59 42.12 57.17 60.63 45.51 63.89 51.39 55.49 37.35 52.79 47.00 43.15
38.83 40.47 53.11 54.58 43.65 59.63 51.13 53.77 36.01 50.08 44.35 42.44
Operating Profit 1.76 1.65 4.06 6.05 1.86 4.26 0.26 1.72 1.34 2.71 2.65 0.71
OPM % 4.34% 3.92% 7.10% 9.98% 4.09% 6.67% 0.51% 3.10% 3.59% 5.13% 5.64% 1.65%
Other Income 0.64 0.68 0.69 0.89 0.81 0.79 1.17 1.31 0.93 1.29 1.32 1.07
Interest 0.16 0.12 0.38 0.30 0.40 0.29 0.26 0.13 0.39 0.10 0.10 0.17
Depreciation 0.12 0.13 0.13 0.12 0.12 0.07 0.08 0.08 0.08 0.08 0.04 0.27
Profit before tax 2.12 2.08 4.24 6.52 2.15 4.69 1.09 2.82 1.80 3.82 3.83 1.34
Tax % 0.00% 0.00% 104.01% 36.35% 61.40% 27.08% 187.16% -213.48% 40.00% 27.49% 21.67% 29.10%
Net Profit 2.12 2.08 -0.16 4.15 0.83 3.42 -0.93 8.84 1.08 2.77 3.00 0.95
EPS in Rs 0.09 0.10 -0.01 0.19 0.04 0.15 -0.04 0.40 0.05 0.12 0.14 0.04
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
89 165 242 272 188 217 182 127 132 139 201 216 180
87 157 228 256 185 207 178 124 128 126 187 208 173
Operating Profit 3 7 14 15 3 11 3 3 5 13 14 8 7
OPM % 3% 4% 6% 6% 2% 5% 2% 3% 4% 9% 7% 4% 4%
Other Income 1 2 1 1 29 4 1 2 2 4 3 4 5
Interest 1 0 4 4 3 0 1 1 1 0 1 1 1
Depreciation 2 2 2 2 2 1 1 1 1 1 0 0 0
Profit before tax 0 7 9 11 28 13 2 4 5 15 15 11 11
Tax % 3% 12% 17% 23% 28% 44% 32% 28% -33% -9% 45% -13%
Net Profit 0 6 7 8 20 8 1 3 6 17 8 12 8
EPS in Rs 0.01 0.28 0.32 0.38 0.89 0.34 0.05 0.12 0.28 0.75 0.37 0.55 0.35
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:2.77%
5 Years:3.57%
3 Years:17.81%
TTM:-16.64%
Compounded Profit Growth
10 Years:7.61%
5 Years:59.17%
3 Years:25.67%
TTM:-35.86%
Stock Price CAGR
10 Years:-3.34%
5 Years:8.06%
3 Years:-10.25%
1 Year:58.38%
Return on Equity
10 Years:8.45%
5 Years:8.89%
3 Years:10.94%
Last Year:10.17%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
22 22 22 22 22 22 22 22 22 22 22 22 22
Reserves -4 2 9 27 47 55 56 58 65 82 90 99 103
Borrowings 32 32 29 29 1 1 6 2 1 0 2 0 0
21 9 36 22 25 42 36 17 15 15 26 21 10
Total Liabilities 71 66 97 101 95 120 120 99 103 119 140 142 135
18 24 22 21 21 20 20 10 8 17 17 16 16
CWIP 1 1 1 1 0 0 0 0 0 0 0 0 0
Investments 13 13 19 15 15 13 13 13 33 31 44 66 38
39 28 55 64 60 87 86 76 62 71 79 61 81
Total Assets 71 66 97 101 95 120 120 99 103 119 140 142 135

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
2 3 20 -12 5 18 -18 2 20 -0 27 5
0 1 -6 4 26 -12 8 1 -21 2 -12 -13
-3 0 -7 -4 -31 -0 4 -5 1 -1 0 -3
Net Cash Flow -1 3 7 -11 1 5 -6 -2 -0 1 16 -11

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 3% 12% 22% 21% 3% 13% 4% 4% 6% 14% 14% 10%
Debtor Days 42 8 3 6 3 6 28 32 4 20 2 7
Inventory Turnover 3.00 7.06 11.14 6.91 3.78 3.89 3.23 2.40 1.98 3.42 10.02 11.22

Shareholding pattern in percentages

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
74.98 74.98 74.98 74.98 74.98 74.98 74.98 74.98 74.98 74.98 74.98 74.98
5.71 5.34 5.34 5.28 5.25 5.25 5.16 3.58 3.56 1.16 0.00 0.00
19.31 19.68 19.68 19.74 19.77 19.77 19.86 21.43 21.46 23.86 25.02 25.02