Sportking India Ltd

Sportking India Ltd

₹ 796 0.78%
28 Mar - close price
About

Sportking India Limited, a part of the Sportking Group, is a textile manufacturing company engaged in the production of Yarns (Cotton Yarn, Synthetic Yarn, Blended Yarn), fabrics and garments. [1][2]

Key Points

Diversified Product Range
Co.’s product offerings include 100% Cotton Yarns, Polyester/Cotton Blended Yarns, Fancy Yarns, Dyed Yarns, and Acrylic & Acrylic/Polyester Blended Yarns.[1]

  • Market Cap 1,012 Cr.
  • Current Price 796
  • High / Low 971 / 640
  • Stock P/E 12.9
  • Book Value 681
  • Dividend Yield 0.00 %
  • ROCE 18.3 %
  • ROE 20.2 %
  • Face Value 10.0

Pros

  • Stock is trading at 1.17 times its book value
  • Company has delivered good profit growth of 51.6% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 41.8%
  • Debtor days have improved from 55.8 to 38.7 days.
  • Company's working capital requirements have reduced from 118 days to 91.1 days

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company might be capitalizing the interest cost

* 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

Figures in Rs. Crores

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
351 413 450 524 587 593 606 552 513 534 539 628 599
291 312 325 369 424 439 472 503 473 478 489 589 550
Operating Profit 60 102 125 155 163 154 134 49 40 56 50 40 49
OPM % 17% 25% 28% 30% 28% 26% 22% 9% 8% 10% 9% 6% 8%
5 -18 2 10 6 6 1 -26 5 2 5 20 8
Interest 8 8 9 6 4 10 9 6 6 2 10 16 16
Depreciation 13 13 13 11 10 10 10 10 14 14 20 22 22
Profit before tax 44 64 106 147 155 140 116 7 25 42 24 21 19
Tax % 31% 30% 25% 25% 25% 26% 29% 100% 27% 26% 25% 27% 26%
30 44 79 110 116 104 83 0 18 31 18 16 14
EPS in Rs 21.36 33.33 59.39 82.91 87.40 78.24 62.53 0.01 13.58 23.23 14.31 12.21 10.86
Raw PDF

Profit & Loss

Figures in Rs. Crores

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
762 859 1,064 1,127 1,035 1,010 1,053 1,160 1,354 1,305 2,153 2,204 2,300
705 724 895 993 909 892 952 1,031 1,218 1,094 1,554 1,922 2,106
Operating Profit 56 135 170 134 126 118 101 129 136 211 599 282 194
OPM % 7% 16% 16% 12% 12% 12% 10% 11% 10% 16% 28% 13% 8%
7 2 1 17 4 14 13 2 3 -3 24 -18 35
Interest 53 71 81 79 51 40 29 39 58 38 32 26 45
Depreciation 26 41 47 70 59 58 56 54 63 52 44 48 78
Profit before tax -15 25 43 3 20 35 29 38 18 118 547 190 106
Tax % -70% -30% 36% -204% 44% 37% 34% 36% 32% 28% 25% 30%
-26 32 27 8 11 22 19 24 12 85 409 132 78
EPS in Rs -18.36 22.65 19.32 5.65 8.01 15.34 13.49 16.92 8.70 63.56 308.00 99.33 60.61
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 10%
5 Years: 16%
3 Years: 18%
TTM: 2%
Compounded Profit Growth
10 Years: 17%
5 Years: 52%
3 Years: 131%
TTM: -66%
Stock Price CAGR
10 Years: %
5 Years: 44%
3 Years: 52%
1 Year: 23%
Return on Equity
10 Years: 28%
5 Years: 34%
3 Years: 42%
Last Year: 20%

Balance Sheet

Figures in Rs. Crores

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 3 3 3 3 3 3 3 3 3 3 13 13 13
Reserves 76 108 136 142 153 179 198 237 249 353 677 809 853
Preference Capital 9 9 9 9 9 0 0 0 0 0 77 77
386 589 668 529 562 592 479 505 573 504 538 474 585
257 81 119 104 92 95 143 360 141 171 327 278 175
Total Liabilities 722 781 927 778 811 869 823 1,105 966 1,032 1,554 1,575 1,625
370 429 497 442 399 340 293 471 466 417 382 757 800
CWIP 30 2 1 10 2 7 24 33 0 0 73 7 18
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
322 350 429 326 410 521 507 601 499 615 1,099 811 807
Total Assets 722 781 927 778 811 869 823 1,105 966 1,032 1,554 1,575 1,625

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
79 64 98 243 23 111 139 97 148 103 96 520
-157 -68 -107 -25 -10 -5 -37 -106 -142 -3 -103 -392
82 3 4 -219 -13 -108 -101 8 -5 -101 7 -117
Net Cash Flow 5 -0 -5 -2 0 -2 0 -0 1 -1 -0 11

Ratios

Figures in Rs. Crores

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 42 33 34 21 17 55 46 61 48 59 70 39
Inventory Days 111 129 131 78 146 173 148 150 85 129 163 88
Days Payable 123 11 17 14 10 12 42 83 31 40 39 24
Cash Conversion Cycle 31 152 147 85 153 216 151 128 102 148 194 102
Working Capital Days 23 106 101 67 104 144 103 59 92 126 137 91
ROCE % 9% 16% 16% 11% 10% 10% 8% 11% 10% 21% 53% 18%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
74.16% 74.16% 74.06% 74.11% 74.15% 74.15% 74.15% 74.15% 74.15% 74.36% 74.36% 74.36%
0.00% 0.00% 0.22% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.06% 0.02% 0.00%
25.84% 25.84% 25.73% 25.89% 25.85% 25.85% 25.86% 25.85% 25.86% 25.57% 25.61% 25.64%
No. of Shareholders 1,1102,49912,88318,34018,50820,52523,90623,92649,83822,61820,98119,873

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

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