Surat Trade & Merchantile Ltd

Surat Trade Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Surat Trade & Merchantile Ltd

₹ 9.94 1.43%
18 Apr - close price
surattextilemillsltd.com BSE: 530185
About

Surat Textile Mills Ltd is a textile manufacturing company and is part of the Garden Group. The Co. manufactures polyester chips and differentiated partially oriented yarn [1] [2] The manufacturing business has been discontinued since FY23. The company commenced a new business of trading of certain commodities viz. Metal, Energy & Agricultural products

Key Points

Product Offerings
The Co. manufactures polyester chips, partially oriented yarn, mono-ethylene glycol, Purified terephthalic acid, among other chips contributing 100% of Revenue [1]The company has discontinued these operations from FY23

Website BSE
  • Market Cap ₹ 221 Cr.
  • Current Price ₹ 9.94
  • High / Low ₹ 13.9 / 7.00
  • Stock P/E 28.5
  • Book Value ₹ 9.04
  • Dividend Yield 0.00 %
  • ROCE 2.02 %
  • ROE 37.6 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 1.10 times its book value
  • Company has delivered good profit growth of 50.9% CAGR over last 5 years

Cons

  • The company has delivered a poor sales growth of -33.9% over past five years.
  • Earnings include an other income of Rs.16.6 Cr.
  • Promoter holding has decreased over last 3 years: -6.53%

* 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: Finance Industry: Finance & Investments

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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
42.96 -0.00 -0.00 1.35 -0.00 -0.00 -0.00 -0.00 12.60 12.71 13.62 16.61 15.24
37.18 1.33 1.16 3.21 1.57 1.10 1.23 1.36 13.64 14.20 16.33 18.37 15.81
Operating Profit 5.78 -1.33 -1.16 -1.86 -1.57 -1.10 -1.23 -1.36 -1.04 -1.49 -2.71 -1.76 -0.57
OPM % 13.45% -137.78% -8.25% -11.72% -19.90% -10.60% -3.74%
1.53 8.08 1.47 2.10 0.88 1.48 61.56 3.33 3.12 0.68 6.69 4.55 4.72
Interest 0.07 0.02 0.02 0.01 0.01 0.02 0.01 0.01 0.01 0.01 -0.00 -0.00 -0.00
Depreciation 0.10 0.07 0.08 0.11 0.09 0.10 0.10 0.10 0.11 0.11 0.11 0.09 0.04
Profit before tax 7.14 6.66 0.21 0.12 -0.79 0.26 60.22 1.86 1.96 -0.93 3.87 2.70 4.11
Tax % 21.29% -14.71% 242.86% 3,225.00% -0.00% -215.38% 0.68% -6.45% 16.84% -8.60% 29.46% 31.48% 37.47%
5.62 7.63 -0.29 -3.75 -0.79 0.82 59.81 1.98 1.63 -1.00 2.75 1.84 2.58
EPS in Rs 0.25 0.34 -0.01 -0.17 -0.04 0.04 2.69 0.09 0.07 -0.05 0.12 0.08 0.12
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
188.42 217.48 181.51 127.22 132.28 138.72 200.51 216.28 180.28 -0.00 -0.00 25.31 58.18
185.47 206.53 178.35 123.97 126.29 125.70 186.97 207.75 172.87 4.67 5.42 30.44 64.71
Operating Profit 2.95 10.95 3.16 3.25 5.99 13.02 13.54 8.53 7.41 -4.67 -5.42 -5.13 -6.53
OPM % 1.57% 5.03% 1.74% 2.55% 4.53% 9.39% 6.75% 3.94% 4.11% -20.27% -11.22%
28.96 4.17 1.20 2.29 0.50 3.53 2.90 3.65 4.61 19.40 0.95 68.70 16.64
Interest 2.85 0.23 1.35 0.70 0.74 0.38 0.98 1.08 0.77 0.16 0.06 0.03 0.01
Depreciation 1.55 1.49 1.31 1.26 1.16 0.79 0.50 0.35 0.46 0.29 0.36 0.41 0.35
Profit before tax 27.51 13.40 1.70 3.58 4.59 15.38 14.96 10.75 10.79 14.28 -4.89 63.13 9.75
Tax % 28.10% 43.51% 32.35% 28.49% -33.33% -8.52% 45.32% -13.02% 27.62% -1.47% 11.45% 1.11%
19.78 7.57 1.16 2.56 6.13 16.69 8.19 12.15 7.80 14.48 -4.33 62.42 6.17
EPS in Rs 0.89 0.34 0.05 0.12 0.28 0.75 0.37 0.55 0.35 0.65 -0.19 2.81 0.27
Dividend Payout % -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00%
Compounded Sales Growth
10 Years: -19%
5 Years: -34%
3 Years: -48%
TTM: 362%
Compounded Profit Growth
10 Years: 28%
5 Years: 51%
3 Years: 102%
TTM: 127%
Stock Price CAGR
10 Years: 19%
5 Years: 30%
3 Years: 43%
1 Year: 34%
Return on Equity
10 Years: 11%
5 Years: 14%
3 Years: 17%
Last Year: 38%

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 22.21 22.21 22.21 22.21 22.21 22.21 22.21 22.21 22.21 22.21 22.21 22.21 22.21
Reserves 47.15 54.73 55.88 58.38 64.51 81.79 89.86 98.70 102.61 115.81 111.50 173.91 178.49
0.93 0.76 6.09 1.61 1.21 0.22 1.72 -0.00 -0.00 0.67 0.45 0.18 0.03
25.15 42.09 35.50 17.26 14.81 15.12 26.50 20.91 9.88 4.63 6.44 2.31 3.38
Total Liabilities 95.44 119.79 119.68 99.46 102.74 119.34 140.29 141.82 134.70 143.32 140.60 198.61 204.11
20.88 19.79 20.44 10.16 7.69 17.14 16.64 15.52 16.12 11.93 12.34 11.91 11.70
CWIP 0.07 -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 14.65 12.92 12.94 12.94 32.60 30.79 44.28 65.60 37.67 71.19 89.98 137.79 144.21
59.84 87.08 86.30 76.36 62.45 71.41 79.37 60.70 80.91 60.20 38.28 48.91 48.20
Total Assets 95.44 119.79 119.68 99.46 102.74 119.34 140.29 141.82 134.70 143.32 140.60 198.61 204.11

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
5.20 17.58 -17.74 2.18 20.20 -0.15 26.60 5.17 -1.35 -10.49 -7.61 -6.21
26.46 -12.15 8.04 0.77 -20.77 1.64 -11.50 -17.45 29.36 -29.74 -11.26 -55.24
-30.58 -0.23 4.20 -4.53 0.51 -0.77 0.48 1.52 -13.53 -0.18 1.00 0.38
Net Cash Flow 1.08 5.20 -5.50 -1.58 -0.06 0.72 15.58 -10.76 14.49 -40.41 -17.86 -61.07

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 2.85 6.44 27.81 32.28 4.44 20.31 1.97 6.75 7.11 -0.00
Inventory Days 104.76 108.25 122.67 151.74 207.13 55.09 39.85 32.78 19.51 -0.00
Days Payable 13.87 41.86 33.52 4.13 5.06 11.69 38.02 39.70 17.15
Cash Conversion Cycle 93.74 72.83 116.96 179.88 206.51 63.72 3.79 -0.16 9.47 -0.00
Working Capital Days 53.97 37.53 69.05 129.97 120.28 48.65 7.17 7.37 21.62 120.71
ROCE % 3.04% 13.15% 3.77% 4.10% 5.92% 14.43% 14.16% 9.55% 9.15% 10.96% 0.19% 2.02%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.98% 74.98% 74.98% 68.45% 68.45% 68.45% 68.45% 68.45% 68.45% 68.45% 68.45% 68.45%
25.02% 25.02% 25.02% 31.55% 31.55% 31.55% 31.54% 31.56% 31.54% 31.54% 31.55% 31.55%
No. of Shareholders 57,14369,2161,20,2671,46,6791,44,3551,39,3751,35,5981,31,3321,28,5501,25,5731,25,5191,27,543

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