Deepak Spinners Ltd

Deepak Spinners Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Deepak Spinners Ltd

₹ 229 -0.74%
18 Apr - close price
dsl-india.com BSE: 514030
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 ₹ 165 Cr.
  • Current Price ₹ 229
  • High / Low ₹ 320 / 202
  • Stock P/E 16.1
  • Book Value ₹ 332
  • Dividend Yield 1.09 %
  • ROCE 21.2 %
  • ROE 18.3 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 0.69 times its book value
  • Company has delivered good profit growth of 47.4% CAGR over last 5 years
  • Debtor days have improved from 24.4 to 19.3 days.

Cons

  • The company has delivered a poor sales growth of 5.02% over past five 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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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
119.23 111.32 82.32 159.67 148.78 138.42 155.52 157.00 140.04 107.91 113.07 133.12 116.11
101.92 94.00 70.53 139.93 130.93 118.39 134.39 135.69 124.14 95.70 105.11 125.40 112.10
Operating Profit 17.31 17.32 11.79 19.74 17.85 20.03 21.13 21.31 15.90 12.21 7.96 7.72 4.01
OPM % 14.52% 15.56% 14.32% 12.36% 12.00% 14.47% 13.59% 13.57% 11.35% 11.31% 7.04% 5.80% 3.45%
0.65 0.57 0.38 0.83 1.20 0.83 0.21 0.68 0.52 0.95 0.37 1.03 0.55
Interest 1.50 1.07 1.44 1.20 0.84 0.90 0.83 0.55 0.58 0.92 1.23 1.10 0.87
Depreciation 4.06 3.97 3.75 3.97 3.97 3.99 3.80 3.86 4.37 3.98 4.08 4.18 4.32
Profit before tax 12.40 12.85 6.98 15.40 14.24 15.97 16.71 17.58 11.47 8.26 3.02 3.47 -0.63
Tax % 24.52% 27.32% 25.21% 25.06% 25.56% 25.30% 25.43% 25.54% 25.37% 27.60% 27.15% 26.80% 19.05%
9.36 9.34 5.22 11.54 10.60 11.93 12.46 13.09 8.56 5.98 2.20 2.54 -0.51
EPS in Rs 13.02 12.99 7.26 16.05 14.74 16.59 17.33 18.21 11.91 8.32 3.06 3.53 -0.71
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
280 307 392 435 401 411 439 475 461 397 532 561 470
259 277 350 397 358 373 407 435 426 355 462 491 438
Operating Profit 21 30 42 37 42 38 32 40 35 42 69 71 32
OPM % 7% 10% 11% 9% 11% 9% 7% 8% 8% 11% 13% 13% 7%
4 5 3 4 5 2 4 7 3 2 3 2 3
Interest 9 7 12 16 12 15 13 10 9 6 4 3 4
Depreciation 7 7 11 16 14 16 16 16 16 16 16 16 17
Profit before tax 9 20 23 10 22 9 7 20 12 21 53 54 14
Tax % 19% 35% 49% 8% 28% 27% 15% 32% -20% 26% 25% 26%
8 13 12 9 16 6 6 14 15 16 39 40 10
EPS in Rs 10.59 18.07 16.01 12.41 21.81 8.71 7.93 19.10 20.71 21.82 54.65 55.76 14.20
Dividend Payout % 0% 0% 0% 0% 9% 23% 0% 8% 7% 9% 5% 4%
Compounded Sales Growth
10 Years: 6%
5 Years: 5%
3 Years: 7%
TTM: -20%
Compounded Profit Growth
10 Years: 12%
5 Years: 47%
3 Years: 39%
TTM: -78%
Stock Price CAGR
10 Years: 18%
5 Years: 18%
3 Years: 35%
1 Year: -1%
Return on Equity
10 Years: 13%
5 Years: 15%
3 Years: 17%
Last Year: 18%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 7 7 7 7 7 7 7 7 7 7 7 7 7
Reserves 51 64 75 84 98 104 110 124 136 152 190 228 231
66 118 138 121 151 150 128 113 86 56 49 50 48
36 39 56 42 53 61 74 77 66 53 59 64 72
Total Liabilities 160 228 277 254 309 322 319 322 296 268 304 349 359
71 95 158 155 203 197 188 177 168 153 150 180 184
CWIP 3 37 3 1 2 1 0 1 1 3 1 4 2
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
86 95 115 98 103 124 131 144 127 112 153 165 173
Total Assets 160 228 277 254 309 322 319 322 296 268 304 349 359

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
24 24 21 37 45 21 40 29 44 39 39 42
-6 -67 -28 -4 -59 -6 -5 -4 -3 -2 -26 -37
-17 42 6 -34 16 -16 -35 -25 -41 -37 -13 -4
Net Cash Flow 1 -0 -1 0 1 -1 0 0 -1 0 -0 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 31 39 35 26 24 35 30 28 23 31 23 19
Inventory Days 73 67 82 63 88 100 95 102 96 95 100 117
Days Payable 28 27 30 9 13 23 35 38 31 23 23 29
Cash Conversion Cycle 76 79 87 80 100 112 90 92 87 104 101 108
Working Capital Days 59 56 53 48 47 56 48 49 51 66 60 66
ROCE % 16% 17% 17% 12% 14% 10% 8% 11% 9% 12% 25% 21%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
45.67% 45.67% 45.67% 45.67% 45.67% 45.67% 45.67% 45.67% 45.67% 45.67% 45.67% 45.73%
0.08% 0.08% 0.08% 0.08% 0.08% 0.09% 0.09% 0.09% 0.01% 0.01% 0.01% 0.01%
54.24% 54.24% 54.24% 54.24% 54.24% 54.25% 54.25% 54.25% 54.32% 54.31% 54.32% 54.27%
No. of Shareholders 9,17112,28411,82312,68412,72912,76112,77113,06510,36310,40510,52710,692

* 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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