Shubham Polyspin Ltd

₹ 304 4.78%
16 Aug 1:35 p.m.
About

Shubham Polyspin Ltd was incorporated in 2012, is primarily engaged in the business of manufacturing Multifilament Yarns. The Co. went for IPO on September 28, 2018.[1][2]

Key Points

Product Offerings
Polypropylene Multifilament Yarn - It is used to make ropes, geotextile woven fabric, industrial fabric & bags, etc. [1]
Bag Closing Threads - The Company offers bag closing threads/industrial thread with their trademark product “SHUBHLON” which is used in the fertilizer industries, rice mills, flour mills, chemical industries, etc
Polypropylene Webbings & Narrow Woven Fabrics - It is used in sports goods, furniture, bags, cars, etc[2]

  • Market Cap 336 Cr.
  • Current Price 304
  • High / Low 304 / 113
  • Stock P/E 1,766
  • Book Value 12.4
  • Dividend Yield 0.00 %
  • ROCE 9.28 %
  • ROE 5.01 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 23.5 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 3.77% for last 3 years.
  • Earnings include an other income of Rs.2.22 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

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
7.15 9.46 10.47 11.45 12.94 14.84 12.38 12.75 12.88
6.75 8.78 10.06 10.53 12.42 14.61 12.10 12.62 12.95
Operating Profit 0.40 0.68 0.41 0.92 0.52 0.23 0.28 0.13 -0.07
OPM % 5.59% 7.19% 3.92% 8.03% 4.02% 1.55% 2.26% 1.02% -0.54%
0.12 0.28 0.43 -0.09 0.60 0.38 0.65 0.50 0.69
Interest 0.29 0.14 0.36 0.20 0.28 0.26 0.28 0.29 0.26
Depreciation 0.31 0.32 0.31 0.31 0.23 0.23 0.23 0.23 0.30
Profit before tax -0.08 0.50 0.17 0.32 0.61 0.12 0.42 0.11 0.06
Tax % -37.50% -2.00% 52.94% 25.00% 26.23% 66.67% 16.67% 236.36% 150.00%
Net Profit -0.10 0.51 0.08 0.23 0.45 0.03 0.35 -0.16 -0.03
EPS in Rs -0.09 0.46 0.07 0.21 0.41 0.03 0.32 -0.15 -0.03

Profit & Loss

Figures in Rs. Crores

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
26.75 36.74 33.26 38.51 52.91 52.85
24.12 34.06 30.76 36.12 51.76 52.28
Operating Profit 2.63 2.68 2.50 2.39 1.15 0.57
OPM % 9.83% 7.29% 7.52% 6.21% 2.17% 1.08%
0.83 0.62 0.54 0.63 2.13 2.22
Interest 0.80 1.17 1.08 0.98 1.10 1.09
Depreciation 0.90 1.23 1.43 1.44 0.93 0.99
Profit before tax 1.76 0.90 0.53 0.60 1.25 0.71
Tax % 27.84% 17.78% 28.30% 25.00% 45.60%
Net Profit 1.28 0.74 0.38 0.44 0.68 0.19
EPS in Rs 1.60 0.67 0.35 0.40 0.62 0.17
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 13%
TTM: 19%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -3%
TTM: -85%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 95%
1 Year: 137%
Return on Equity
10 Years: %
5 Years: %
3 Years: 4%
Last Year: 5%

Balance Sheet

Figures in Rs. Crores

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
4.01 5.51 5.51 11.02 11.02
Reserves 1.95 7.19 7.57 2.50 2.61
9.17 13.04 10.90 10.42 13.08
2.56 3.52 3.10 1.80 4.66
Total Liabilities 17.69 29.26 27.08 25.74 31.37
8.94 12.28 11.63 10.83 15.26
CWIP 0.14 0.00 0.00 0.34 0.34
Investments 0.00 0.03 0.05 0.08 0.09
8.61 16.95 15.40 14.49 15.68
Total Assets 17.69 29.26 27.08 25.74 31.37

Cash Flows

Figures in Rs. Crores

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
1.55 2.62 2.75 1.95 4.05
0.03 -5.81 -0.53 -1.25 -5.42
-1.54 3.61 -2.42 -0.84 1.56
Net Cash Flow 0.04 0.41 -0.20 -0.14 0.19

Ratios

Figures in Rs. Crores

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 51.17 60.50 58.38 62.18 54.22
Inventory Days 22.71 19.52 23.81 20.85 14.12
Days Payable 26.95 33.18 23.21 10.61 28.17
Cash Conversion Cycle 46.92 46.84 58.98 72.41 40.18
Working Capital Days 62.77 98.15 104.14 88.71 61.74
ROCE % 10.13% 6.48% 6.59% 9.28%

Shareholding Pattern

Numbers in percentages

15 recently
Mar 2019 Sep 2019 Mar 2020 Sep 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
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 27.22 27.22 27.22 27.22 27.22

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