Sambandam Spinning Mills Ltd

Sambandam Spinning Mills Ltd

₹ 138 -0.75%
02 Jun - close price
About

Sambandam Spinning Mills Limited is engaged in the business of manufacturing cotton and synthetic yarn and fabric. [1]

Key Points

Products
The product portfolio of the Co consists of Multi-Ply Yarn; Carded, Combed Weaving & Knitting Yarns; Ring Doubled wet spliced, TFO Yarns. The value added products include Gassed Yarn, Compact Yarn, Slub Yarn etc. [1]

  • Market Cap 59.0 Cr.
  • Current Price 138
  • High / Low 225 / 125
  • Stock P/E
  • Book Value 234
  • Dividend Yield 3.61 %
  • ROCE -1.06 %
  • ROE -11.0 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.59 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 6.40% over past five years.
  • Company has a low return on equity of 3.44% over last 3 years.
  • Contingent liabilities of Rs.30.6 Cr.
  • Earnings include an other income of Rs.4.20 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
45.12 24.39 55.79 70.05 80.84 62.05 95.21 100.84 96.84 82.21 74.54 56.52 49.98
41.75 22.77 52.02 59.89 63.57 49.08 80.13 89.47 89.79 73.17 74.94 59.31 47.40
Operating Profit 3.37 1.62 3.77 10.16 17.27 12.97 15.08 11.37 7.05 9.04 -0.40 -2.79 2.58
OPM % 7.47% 6.64% 6.76% 14.50% 21.36% 20.90% 15.84% 11.28% 7.28% 11.00% -0.54% -4.94% 5.16%
0.20 0.10 0.10 0.10 0.02 0.07 0.08 0.20 0.07 0.28 0.56 0.03 3.33
Interest 2.23 2.58 2.54 2.64 2.53 2.51 2.35 2.23 4.96 3.34 2.86 3.18 3.16
Depreciation 2.41 3.18 2.91 3.19 3.15 3.26 3.28 3.27 3.54 3.66 3.80 3.84 3.88
Profit before tax -1.07 -4.04 -1.58 4.43 11.61 7.27 9.53 6.07 -1.38 2.32 -6.50 -9.78 -1.13
Tax % -17.76% 7.18% 34.18% 18.51% 20.41% 15.68% 31.06% -15.49% -276.81% 43.53% 20.31% 25.46% 46.02%
Net Profit -1.27 -3.74 -1.03 3.61 9.23 6.13 6.57 7.01 -5.20 1.30 -5.18 -7.29 -0.61
EPS in Rs -2.98 -8.77 -2.42 8.47 21.64 14.37 15.41 16.44 -12.19 3.05 -12.15 -17.09 -1.43
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
187 217 256 242 205 209 193 210 191 231 355 263
179 178 216 214 181 174 168 187 171 198 308 255
Operating Profit 7 39 40 28 24 35 25 23 20 34 47 8
OPM % 4% 18% 16% 12% 12% 17% 13% 11% 11% 15% 13% 3%
0 0 0 1 0 -3 -1 1 1 0 0 4
Interest 18 15 15 13 12 12 10 9 9 11 13 13
Depreciation 11 11 11 11 11 11 10 10 9 12 13 15
Profit before tax -22 14 14 5 1 9 3 5 3 10 21 -15
Tax % 33% 33% 31% 32% 67% 52% -0% 18% 17% 22% 32% 22%
Net Profit -14 9 9 3 0 4 3 4 2 8 15 -12
EPS in Rs -33.86 21.36 21.97 8.09 0.98 10.13 8.09 10.51 5.32 18.92 34.05 -27.62
Dividend Payout % 0% 0% 9% 25% 204% 40% 25% 19% 0% 21% 15% 0%
Compounded Sales Growth
10 Years: 2%
5 Years: 6%
3 Years: 11%
TTM: -26%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -181%
Stock Price CAGR
10 Years: 8%
5 Years: 1%
3 Years: 40%
1 Year: -24%
Return on Equity
10 Years: 4%
5 Years: 4%
3 Years: 3%
Last Year: -11%

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
4 4 4 4 4 4 4 4 4 4 4 4
Reserves 55 63 71 74 73 84 86 89 89 97 111 96
149 118 110 94 98 77 70 72 89 100 134 135
42 51 71 65 57 47 58 43 55 69 71 44
Total Liabilities 250 236 257 237 232 213 218 208 238 270 320 279
168 157 148 138 130 120 112 104 122 111 143 146
CWIP 0 0 0 0 0 0 0 0 0 0 1 2
Investments 2 2 2 2 2 2 2 2 2 2 2 2
80 77 107 97 100 90 104 102 114 157 174 130
Total Assets 250 236 257 237 232 213 218 208 238 270 320 279

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
71 36 18 35 9 21 14 12 24 -0 22 29
-1 -2 -2 -1 -5 -0 -0 -1 -29 -1 -46 -18
-51 -45 -20 -28 -9 -20 -15 -12 5 2 27 -14
Net Cash Flow 19 -11 -3 6 -5 1 -2 -1 0 0 3 -3

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 48 34 40 41 60 55 86 60 74 62 38 43
Inventory Days 59 107 134 87 113 115 117 135 184 271 178 132
Days Payable 36 65 86 68 60 73 112 63 109 126 76 42
Cash Conversion Cycle 70 77 87 59 112 97 90 132 149 207 140 133
Working Capital Days 24 23 35 25 58 64 74 91 109 149 106 127
ROCE % -1% 14% 16% 10% 8% 15% 10% 8% 7% 11% 15% -1%

Shareholding Pattern

Numbers in percentages

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
49.12 49.12 50.57 50.57 50.57 50.57 50.85 50.79 50.79 50.79 50.79 50.79
1.24 1.24 1.24 1.24 1.24 1.12 0.00 0.00 0.00 0.00 0.00 0.00
49.64 49.64 48.19 48.19 48.19 48.32 49.15 49.21 49.21 49.21 49.21 49.21

* 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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