Salona Cotspin Ltd

Salona Cotspin Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Salona Cotspin Ltd

₹ 247 -1.75%
30 May - close price
salonacotspin.com BSE: 590056 NSE : SALONA
About

Salona Cotspin Ltd is engaged in the manufacturing and selling of Cotton Yarn, Knitted Fabrics and Garments. The company caters to both domestic and international markets.[1]

Key Points

Product Range
The company produces various types of yarns such as ring spin yarns, compact yarns, open end yarns, slub yarns and hank yarns.[1]
It also produces fabrics made of natural fibres, synthetic yarns or filament yarns. It also produces customized fabrics based on customer request.[2]

Website BSE NSE
  • Market Cap ₹ 130 Cr.
  • Current Price ₹ 247
  • High / Low ₹ 328 / 193
  • Stock P/E 7.39
  • Book Value ₹ 141
  • Dividend Yield 0.00 %
  • ROCE 13.9 %
  • ROE 26.7 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 52.6% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 29.3%

Cons

  • Tax rate seems low
  • Company might be capitalizing the interest cost

* 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 - Cotton/Blended

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Quarterly Results

Figures in Rs. Crores

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
37.07 24.94 52.94 70.97 81.27 141.45 164.37 170.60 170.66 155.17 92.58 92.18 146.99
35.51 23.12 50.10 66.15 75.99 133.58 153.32 159.67 163.12 144.68 80.84 84.58 141.98
Operating Profit 1.56 1.82 2.84 4.82 5.28 7.87 11.05 10.93 7.54 10.49 11.74 7.60 5.01
OPM % 4.21% 7.30% 5.36% 6.79% 6.50% 5.56% 6.72% 6.41% 4.42% 6.76% 12.68% 8.24% 3.41%
0.07 0.00 0.00 0.05 0.07 0.01 0.07 0.00 -0.02 0.00 0.15 0.06 0.08
Interest 0.93 0.90 0.65 1.01 1.91 1.47 1.86 1.56 2.49 1.35 1.99 2.54 3.52
Depreciation 0.33 0.69 0.69 0.69 0.59 0.75 0.75 0.75 1.08 1.28 1.70 1.24 1.26
Profit before tax 0.37 0.23 1.50 3.17 2.85 5.66 8.51 8.62 3.95 7.86 8.20 3.88 0.31
Tax % 110.81% 17.39% 16.67% 16.72% 25.61% 16.61% 16.69% 22.62% 66.84% 19.08% 33.54% 32.47% -912.90%
Net Profit -0.04 0.20 1.25 2.65 2.11 4.72 7.09 6.68 1.30 6.35 5.45 2.62 3.14
EPS in Rs -0.08 0.38 2.38 5.04 4.01 8.97 13.47 12.69 2.47 12.07 10.36 4.98 5.97
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
79 86 106 103 100 121 107 133 122 230 647 487
76 72 90 93 91 113 97 123 113 215 610 452
Operating Profit 2 13 16 10 9 9 9 10 9 15 37 35
OPM % 3% 16% 15% 9% 9% 7% 9% 8% 7% 6% 6% 7%
0 0 0 0 0 0 0 0 0 0 0 0
Interest 5 4 3 3 3 2 3 4 4 4 7 9
Depreciation 5 5 6 4 3 4 4 4 3 3 3 5
Profit before tax -7 4 8 3 3 3 2 2 2 8 27 20
Tax % 29% 16% 26% 17% 17% -20% 4% 29% 38% 20% 26% 13%
Net Profit -5 3 6 2 2 3 2 2 1 6 20 18
EPS in Rs -9.33 5.91 10.76 4.01 4.31 6.35 4.05 3.10 2.22 11.78 37.61 33.39
Dividend Payout % 0% 0% 11% 0% 18% 10% 15% 20% 0% 9% 3% 0%
Compounded Sales Growth
10 Years: 19%
5 Years: 35%
3 Years: 59%
TTM: -25%
Compounded Profit Growth
10 Years: 19%
5 Years: 53%
3 Years: 147%
TTM: -11%
Stock Price CAGR
10 Years: 33%
5 Years: 21%
3 Years: 68%
1 Year: -2%
Return on Equity
10 Years: 19%
5 Years: 22%
3 Years: 29%
Last Year: 27%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
5 5 5 5 5 5 5 5 5 5 5 5
Reserves 7 10 15 17 19 23 25 26 27 33 52 69
45 40 33 26 31 35 43 51 40 77 139 157
5 6 9 6 9 8 10 8 11 24 32 39
Total Liabilities 63 61 63 54 64 71 83 90 83 138 228 270
34 29 25 21 18 17 15 26 24 27 43 41
CWIP 0 1 0 0 0 0 5 1 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0
30 32 38 33 46 54 63 63 59 112 185 229
Total Assets 63 61 63 54 64 71 83 90 83 138 228 270

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
18 8 12 10 0 -3 4 6 14 -24 -35 -5
-1 -1 -1 -0 -1 -2 -7 -10 0 -5 -20 -3
-17 -8 -10 -10 2 3 3 4 -14 29 54 8
Net Cash Flow -0 -1 1 -1 2 -2 -0 0 0 0 -0 -0

Ratios

Figures in Rs. Crores

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 25 40 44 31 46 65 65 50 41 85 54 92
Inventory Days 107 124 109 101 148 115 184 146 159 124 54 51
Days Payable 12 11 17 9 22 17 34 16 29 52 15 22
Cash Conversion Cycle 121 153 136 123 172 163 216 181 171 157 93 121
Working Capital Days 79 93 86 86 119 131 165 143 135 140 88 134
ROCE % -3% 14% 20% 11% 11% 9% 8% 8% 8% 13% 22% 14%

Shareholding Pattern

Numbers in percentages

Mar 2016 Jun 2016 Dec 2018 Jun 2019 Sep 2019
54.95 56.54 61.42 61.86 62.24
45.05 43.46 38.58 38.14 37.76

Documents

Announcements

Annual reports

Credit ratings