Shubham Polyspin Ltd

Shubham Polyspin Ltd

₹ 22.1 -0.32%
24 Apr 12:36 p.m.
About

Incorporated in 2012, Shubham Polyspin Ltd in the business of manufacturing polypropylene yarns and sale of services[1] [2]

Key Points

Business Overview:[1]
Company manufactures PP Multifilament Yarn/ Fabrics. It also manufactures on JobWork basis and get its products manufactured on Job Work
basis

  • Market Cap 26.8 Cr.
  • Current Price 22.1
  • High / Low 42.7 / 16.5
  • Stock P/E 35.8
  • Book Value 12.3
  • Dividend Yield 0.00 %
  • ROCE 8.95 %
  • ROE 5.91 %
  • Face Value 10.0

Pros

  • Company has reduced debt.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 10.8% over past five years.
  • Company has a low return on equity of 5.50% over last 3 years.
  • Earnings include an other income of Rs.1.18 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.

Peer comparison

Sector: Textiles Industry: Textiles - Products

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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
10.47 11.45 12.94 14.84 12.38 12.75 12.88 9.94 11.01 10.77 10.50 14.19 11.10
10.06 10.53 12.42 14.61 12.10 12.62 12.95 10.06 10.10 10.21 10.10 13.61 10.59
Operating Profit 0.41 0.92 0.52 0.23 0.28 0.13 -0.07 -0.12 0.91 0.56 0.40 0.58 0.51
OPM % 3.92% 8.03% 4.02% 1.55% 2.26% 1.02% -0.54% -1.21% 8.27% 5.20% 3.81% 4.09% 4.59%
0.43 -0.09 0.60 0.38 0.65 0.50 0.69 1.28 0.07 0.28 0.29 0.34 0.27
Interest 0.36 0.20 0.28 0.26 0.28 0.29 0.26 0.30 0.30 0.29 0.22 0.21 0.21
Depreciation 0.31 0.31 0.23 0.23 0.23 0.23 0.30 0.31 0.32 0.38 0.21 0.30 0.30
Profit before tax 0.17 0.32 0.61 0.12 0.42 0.11 0.06 0.55 0.36 0.17 0.26 0.41 0.27
Tax % 52.94% 25.00% 26.23% 66.67% 16.67% 236.36% 150.00% 9.09% 30.56% 41.18% 34.62% 34.15% 25.93%
0.08 0.23 0.45 0.03 0.35 -0.16 -0.03 0.51 0.25 0.10 0.17 0.28 0.20
EPS in Rs 0.07 0.19 0.37 0.02 0.29 -0.13 -0.02 0.42 0.21 0.08 0.14 0.23 0.16
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
26.75 36.74 33.26 38.52 52.91 44.61 46.56
24.12 34.06 30.76 36.12 51.75 43.32 44.51
Operating Profit 2.63 2.68 2.50 2.40 1.16 1.29 2.05
OPM % 9.83% 7.29% 7.52% 6.23% 2.19% 2.89% 4.40%
0.83 0.62 0.54 0.74 2.13 2.32 1.18
Interest 0.80 1.17 1.08 0.99 1.11 1.16 0.93
Depreciation 0.90 1.23 1.43 1.25 0.93 1.30 1.19
Profit before tax 1.76 0.90 0.53 0.90 1.25 1.15 1.11
Tax % 27.84% 17.78% 28.30% 21.11% 45.60% 26.96%
1.28 0.74 0.38 0.72 0.68 0.83 0.75
EPS in Rs 1.45 0.61 0.31 0.60 0.56 0.68 0.61
Dividend Payout % -0.00% -0.00% -0.00% -0.00% -0.00% -0.00%
Compounded Sales Growth
10 Years: %
5 Years: 11%
3 Years: 10%
TTM: 0%
Compounded Profit Growth
10 Years: %
5 Years: -8%
3 Years: 30%
TTM: 32%
Stock Price CAGR
10 Years: %
5 Years: 1%
3 Years: -30%
1 Year: -14%
Return on Equity
10 Years: %
5 Years: 5%
3 Years: 6%
Last Year: 6%

Balance Sheet

Figures in Rs. Crores

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 4.01 5.51 5.51 11.02 11.02 12.12 12.12
Reserves 1.95 7.19 7.57 1.94 2.61 2.35 2.78
9.17 13.04 10.90 10.41 13.08 10.44 8.95
2.56 3.52 3.10 1.33 4.65 3.01 6.24
Total Liabilities 17.69 29.26 27.08 24.70 31.36 27.92 30.09
8.94 12.28 11.63 11.36 15.26 15.48 15.69
CWIP 0.14 -0.00 -0.00 0.34 0.34 -0.00 -0.00
Investments -0.00 0.03 0.05 0.08 0.09 0.09 0.10
8.61 16.95 15.40 12.92 15.67 12.35 14.30
Total Assets 17.69 29.26 27.08 24.70 31.36 27.92 30.09

Cash Flows

Figures in Rs. Crores

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
1.55 2.62 2.75 2.55 4.05 3.49
0.03 -5.81 -0.53 -1.00 -5.42 0.14
-1.54 3.61 -2.42 -1.65 1.56 -3.80
Net Cash Flow 0.04 0.41 -0.20 -0.09 0.19 -0.17

Ratios

Figures in Rs. Crores

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 51.17 60.50 58.38 62.16 54.22 51.71
Inventory Days 22.71 19.52 23.81 20.85 14.12 18.87
Days Payable 26.95 33.18 23.21 9.36 28.17 11.49
Cash Conversion Cycle 46.92 46.84 58.98 73.64 40.18 59.09
Working Capital Days 62.77 98.15 104.14 93.43 61.74 69.63
ROCE % 10.13% 6.48% 7.98% 9.35% 8.95%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
72.78% 72.78% 72.78% 72.78% 72.78% 72.78% 72.78% 72.78% 72.78% 72.78% 72.78% 72.78%
27.22% 27.22% 27.22% 27.22% 27.22% 27.23% 27.21% 27.22% 27.22% 27.21% 27.22% 27.23%
No. of Shareholders 5975124193641,00313,01312,22111,48511,11710,52410,3639,681

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