Deepak Spinners Ltd

₹ 194 0.70%

13 Dec - close price

About

Incorporated in 1986, Deepak Spinners Ltd
is a manufacturer of Synthetic Staple Fibres
Yarn, Man-made Fibres blended yarn^[1]

Key Points

Business Overview:^[1]^[2]
DSL manufactures synthetic fibers – polyester, viscose, acrylic and blends. It manufactures coarse-count grey and dyed yarn of counts (8 – 40) Ne in 100% Polyester, 100% Viscose, 100% Acrylic and Polyester Acrylic & Polyester Viscose blends. Company sells its products through dealers and agents. In addition, it supplies yarns to a few large players in the apparel /fabric segments

Website BSE

Market Cap ₹ 140 Cr.
Current Price ₹ 194
High / Low ₹ 320 / 175
Stock P/E
Book Value ₹ 314
Dividend Yield 0.26 %
ROCE 1.93 %
ROE 0.45 %
Face Value ₹ 10.0

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Pros

Stock is trading at 0.62 times its book value

Cons

Company has low interest coverage ratio.
The company has delivered a poor sales growth of -0.16% over past five years.
Company has a low return on equity of 12.7% over last 3 years.
Earnings include an other income of Rs.2.12 Cr.
Dividend payout has been low at 12.2% of profits over last 3 years

* 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 - Spinning - Synthetic / Blended

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	159.67	148.78	138.42	155.52	157.00	140.04	107.91	113.07	133.12	116.11	108.68	139.36	131.25
	139.93	130.93	118.39	134.39	135.69	124.14	95.70	105.17	125.44	112.10	108.37	140.09	129.28
Operating Profit	19.74	17.85	20.03	21.13	21.31	15.90	12.21	7.90	7.68	4.01	0.31	-0.73	1.97
OPM %	12.36%	12.00%	14.47%	13.59%	13.57%	11.35%	11.31%	6.99%	5.77%	3.45%	0.29%	-0.52%	1.50%
	0.83	1.20	0.83	0.21	0.68	0.52	0.95	0.43	1.07	0.55	0.72	0.45	0.40
Interest	1.20	0.84	0.90	0.83	0.55	0.58	0.92	1.23	1.10	0.87	0.72	1.10	1.06
Depreciation	3.97	3.97	3.99	3.80	3.86	4.37	3.98	4.08	4.18	4.32	4.12	4.21	4.45
Profit before tax	15.40	14.24	15.97	16.71	17.58	11.47	8.26	3.02	3.47	-0.63	-3.81	-5.59	-3.14
Tax %	25.06%	25.56%	25.30%	25.43%	25.54%	25.37%	27.60%	27.15%	26.80%	-19.05%	-23.10%	0.54%	10.51%
	11.54	10.60	11.93	12.46	13.09	8.56	5.98	2.20	2.54	-0.51	-2.93	-5.62	-3.47
EPS in Rs	16.05	14.74	16.59	17.33	18.21	11.91	8.32	3.06	3.53	-0.71	-4.08	-7.82	-4.83
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	307	392	435	401	411	439	475	461	397	532	561	471	495
	277	350	397	358	373	407	435	426	355	462	491	451	490
Operating Profit	30	42	37	42	38	32	40	35	42	69	70	20	6
OPM %	10%	11%	9%	11%	9%	7%	8%	8%	11%	13%	13%	4%	1%
	5	3	4	5	2	4	7	3	2	3	3	3	2
Interest	7	12	16	12	15	13	10	9	6	4	3	4	4
Depreciation	7	11	16	14	16	16	16	16	16	16	16	17	17
Profit before tax	20	23	10	22	9	7	20	12	21	53	54	2	-13
Tax %	35%	49%	8%	28%	27%	15%	32%	-20%	26%	25%	26%	37%
	13	12	9	16	6	6	14	15	16	39	40	1	-13
EPS in Rs	18.07	16.01	12.41	21.81	8.71	7.93	19.10	20.71	21.82	54.65	55.76	1.81	-17.44
Dividend Payout %	0%	0%	0%	9%	23%	0%	8%	7%	9%	5%	4%	28%

Compounded Sales Growth
10 Years:	2%
5 Years:	0%
3 Years:	6%
TTM:	0%

Compounded Profit Growth
10 Years:	-21%
5 Years:	-38%
3 Years:	-59%
TTM:	-165%

Stock Price CAGR
10 Years:	21%
5 Years:	19%
3 Years:	-12%
1 Year:	-23%

Return on Equity
10 Years:	11%
5 Years:	12%
3 Years:	13%
Last Year:	0%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	7	7	7	7	7	7	7	7	7	7	7	7	7
Reserves	64	75	84	98	104	110	124	136	152	190	228	228	219
	118	138	121	151	150	128	113	86	56	49	50	44	44
	39	56	42	53	61	74	77	66	53	59	64	74	76
Total Liabilities	228	277	254	309	322	319	322	296	268	304	349	353	346
	95	158	155	203	197	188	177	168	153	150	180	178	184
CWIP	37	3	1	2	1	0	1	1	3	1	4	9	1
Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
	95	115	98	103	124	131	144	127	112	153	165	167	162
Total Assets	228	277	254	309	322	319	322	296	268	304	349	353	346

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	24	21	37	45	21	40	29	44	39	39	42	27
	-67	-28	-4	-59	-6	-5	-4	-3	-2	-26	-37	-16
	42	6	-34	16	-16	-35	-25	-41	-37	-13	-4	-11
Net Cash Flow	-0	-1	0	1	-1	0	0	-1	0	-0	0	-0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	39	35	26	24	35	30	28	23	31	23	19	21
Inventory Days	67	82	63	88	100	95	102	96	95	100	117	136
Days Payable	27	30	9	13	23	35	38	31	23	23	29	44
Cash Conversion Cycle	79	87	80	100	112	90	92	87	104	101	108	113
Working Capital Days	56	53	48	47	56	48	49	51	66	60	66	75
ROCE %	17%	17%	12%	14%	10%	8%	11%	9%	12%	25%	21%	2%

Shareholding Pattern

Numbers in percentages

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	45.67%	45.67%	45.67%	45.67%	45.67%	45.67%	45.67%	45.67%	45.67%	45.73%	45.95%	45.95%
	0.08%	0.08%	0.08%	0.09%	0.09%	0.09%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
	54.24%	54.24%	54.24%	54.25%	54.25%	54.25%	54.32%	54.31%	54.32%	54.27%	54.05%	54.05%
No. of Shareholders	11,823	12,684	12,729	12,761	12,771	13,065	10,363	10,405	10,527	10,692	10,498	10,398

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	42.00%	42.41%	43.65%	44.10%	45.67%	45.67%	45.67%	45.73%	45.95%
	4.57%	4.57%	0.14%	0.14%	0.08%	0.08%	0.09%	0.01%	0.01%
	53.43%	53.01%	56.21%	55.76%	54.24%	54.24%	54.25%	54.27%	54.05%
No. of Shareholders	8,368	8,145	7,775	7,462	7,568	12,684	13,065	10,692	10,398

* 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.

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Deepak Spinners Ltd

Deepak Spinners Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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