Shahlon Silk Industries Ltd

Shahlon Silk Industries Ltd

₹ 22.3 3.82%
27 May - close price
About

Incorporated in 2008, Shahlon Silk Industries Ltd manufactures fabric on water jet looms, air jet looms & rapier looms[1]

Key Points

Business Overview:[1][2]
SSIL is a part of Shahlon Group. It is a fully integrated textile enterprise based in Surat which deals as a yarn marketing agency, texturising, twisting, sizing, yarn dyeing, weaving, finish fabrics and industrial infrastructure. It manufactures texturised, twisted, synthetic, sized yarn and grey fabric and also trades in partially oriented and fully drawn yarn. It is also del credere agent for Reliance Industries Ltd

  • Market Cap 199 Cr.
  • Current Price 22.3
  • High / Low 30.8 / 11.8
  • Stock P/E 52.8
  • Book Value 11.5
  • Dividend Yield 0.27 %
  • ROCE 8.84 %
  • ROE 3.74 %
  • Face Value 2.00

Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -10.2% over past five years.
  • Company has a low return on equity of 2.17% over last 3 years.
  • Company has high debtors of 171 days.

* 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

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
106.68 51.47 79.01 87.51 95.06 62.24 69.63 53.89 122.86 48.44 49.80 38.99 173.65
95.82 47.71 71.29 79.70 84.79 59.54 62.72 47.36 117.06 42.15 42.51 32.71 165.63
Operating Profit 10.86 3.76 7.72 7.81 10.27 2.70 6.91 6.53 5.80 6.29 7.29 6.28 8.02
OPM % 10.18% 7.31% 9.77% 8.92% 10.80% 4.34% 9.92% 12.12% 4.72% 12.99% 14.64% 16.11% 4.62%
0.14 0.07 0.11 0.08 0.07 5.88 0.07 0.07 0.45 0.24 0.19 0.09 0.32
Interest 3.89 3.57 3.84 3.39 3.51 3.60 3.67 3.71 3.23 3.57 3.47 3.48 4.27
Depreciation 2.77 2.42 2.46 2.48 2.47 2.22 2.28 2.29 2.27 1.94 1.97 1.96 1.94
Profit before tax 4.34 -2.16 1.53 2.02 4.36 2.76 1.03 0.60 0.75 1.02 2.04 0.93 2.13
Tax % 22.35% 37.04% 33.33% 30.69% 51.61% 21.74% 74.76% -71.67% 57.33% 4.90% 42.65% 27.96% 45.07%
3.37 -1.36 1.03 1.40 2.11 2.16 0.26 1.02 0.34 0.97 1.17 0.67 1.17
EPS in Rs 0.38 -0.15 0.12 0.16 0.24 0.24 0.03 0.11 0.04 0.11 0.13 0.08 0.13
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
528 531 382 214 313 309 311
492 494 350 195 283 287 283
Operating Profit 36 37 32 20 30 22 28
OPM % 7% 7% 8% 9% 9% 7% 9%
1 1 0 14 0 6 1
Interest 17 18 18 18 14 14 15
Depreciation 15 15 13 11 10 9 8
Profit before tax 5 5 1 5 6 5 6
Tax % 49% 24% 77% 30% 45% 27% 35%
3 4 0 3 3 4 4
EPS in Rs 0.03 0.39 0.36 0.42 0.45
Dividend Payout % 0% 15% 179% 13% 17% 14% 13%
Compounded Sales Growth
10 Years: %
5 Years: -10%
3 Years: 13%
TTM: 1%
Compounded Profit Growth
10 Years: %
5 Years: 0%
3 Years: 35%
TTM: 689%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 5%
1 Year: 78%
Return on Equity
10 Years: %
5 Years: 0%
3 Years: 2%
Last Year: 4%

Balance Sheet

Figures in Rs. Crores

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 11 11 18 18 18 18 18
Reserves 76 79 72 74 77 81 85
207 180 153 152 146 131 133
19 43 49 33 37 56 84
Total Liabilities 312 314 292 277 278 286 319
129 120 111 98 91 84 75
CWIP 2 1 4 4 2 0 1
Investments 1 1 1 1 1 1 1
181 192 176 174 185 201 243
Total Assets 312 314 292 277 278 286 319

Cash Flows

Figures in Rs. Crores

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
11 34 31 -9 11 12 10
-10 -6 -5 17 -1 7 1
-2 -28 -25 -7 -9 -20 -11
Net Cash Flow -1 0 1 0 0 -1 0

Ratios

Figures in Rs. Crores

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 72 77 99 164 111 140 171
Inventory Days 47 48 71 150 118 108 124
Days Payable 10 32 55 58 45 79 109
Cash Conversion Cycle 108 92 114 256 184 170 185
Working Capital Days 95 85 107 204 145 143 175
ROCE % 8% 8% 4% 8% 6%

Shareholding Pattern

Numbers in percentages

3 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
72.18% 72.11% 72.08% 71.71% 71.71% 71.71% 71.89% 71.89% 72.04% 72.04% 72.03% 72.06%
0.06% 1.42% 1.48% 0.51% 0.06% 0.06% 0.00% 0.00% 0.00% 0.00% 5.04% 5.59%
27.77% 26.47% 26.44% 27.78% 28.24% 28.23% 28.09% 28.10% 27.96% 27.96% 22.93% 22.35%
No. of Shareholders 2,7872,7473,5634,4374,4864,5224,3674,3144,5844,8724,5926,003

* 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.

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