Sambandam Spinning Mills Ltd

₹ 150 -0.86%
05 Dec 4:01 p.m.
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 63.9 Cr.
  • Current Price 150
  • High / Low 295 / 142
  • Stock P/E
  • Book Value 257
  • Dividend Yield 3.33 %
  • ROCE 15.2 %
  • ROE 13.4 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.58 times its book value
  • Stock is providing a good dividend yield of 3.33%.
  • Debtor days have improved from 58.0 to 38.0 days.

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 8.32% over last 3 years.
  • Contingent liabilities of Rs.30.6 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

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
50.43 44.73 45.12 24.39 55.79 70.05 80.84 62.05 95.21 100.84 96.84 82.21 74.54
44.24 40.28 41.75 22.77 52.02 59.89 63.57 49.08 80.13 89.47 89.79 73.17 74.94
Operating Profit 6.19 4.45 3.37 1.62 3.77 10.16 17.27 12.97 15.08 11.37 7.05 9.04 -0.40
OPM % 12.27% 9.95% 7.47% 6.64% 6.76% 14.50% 21.36% 20.90% 15.84% 11.28% 7.28% 11.00% -0.54%
0.28 0.30 0.20 0.10 0.10 0.10 0.02 0.07 0.08 0.20 0.07 0.28 0.56
Interest 2.20 1.87 2.23 2.58 2.54 2.64 2.53 2.51 2.35 2.23 4.96 3.34 2.86
Depreciation 2.32 2.35 2.41 3.18 2.91 3.19 3.15 3.26 3.28 3.27 3.54 3.66 3.80
Profit before tax 1.95 0.53 -1.07 -4.04 -1.58 4.43 11.61 7.27 9.53 6.07 -1.38 2.32 -6.50
Tax % -26.15% 22.64% -17.76% 7.18% 34.18% 18.51% 20.41% 15.68% 31.06% -15.49% -276.81% 43.53% 20.31%
Net Profit 2.45 0.42 -1.27 -3.74 -1.03 3.61 9.23 6.13 6.57 7.01 -5.20 1.30 -5.18
EPS in Rs 5.74 0.98 -2.98 -8.77 -2.42 8.47 21.64 14.37 15.41 16.44 -12.19 3.05 -12.15
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
207 187 217 256 242 205 209 193 210 191 231 355 354
162 179 178 216 214 181 174 168 187 171 198 308 327
Operating Profit 45 7 39 40 28 24 35 25 23 20 34 47 27
OPM % 22% 4% 18% 16% 12% 12% 17% 13% 11% 11% 15% 13% 8%
0 0 0 0 1 0 -3 -1 1 1 0 0 1
Interest 15 18 15 15 13 12 12 10 9 9 11 13 13
Depreciation 11 11 11 11 11 11 11 10 10 9 12 13 14
Profit before tax 19 -22 14 14 5 1 9 3 5 3 10 21 1
Tax % 35% 33% 33% 31% 32% 67% 52% -0% 18% 17% 22% 32%
Net Profit 13 -14 9 9 3 0 4 3 4 2 8 15 -2
EPS in Rs 29.45 -33.86 21.36 21.97 8.09 0.98 10.13 8.09 10.51 5.32 18.92 34.05 -4.85
Dividend Payout % 14% -0% -0% 9% 25% 204% 40% 25% 19% -0% 21% 15%
Compounded Sales Growth
10 Years: 7%
5 Years: 11%
3 Years: 19%
TTM: 15%
Compounded Profit Growth
10 Years: 12%
5 Years: 17%
3 Years: 49%
TTM: -108%
Stock Price CAGR
10 Years: 6%
5 Years: -1%
3 Years: 37%
1 Year: -33%
Return on Equity
10 Years: 7%
5 Years: 6%
3 Years: 8%
Last Year: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
4 4 4 4 4 4 4 4 4 4 4 4 4
Reserves 70 55 63 71 74 73 84 86 89 89 97 111 105
186 149 118 110 94 98 77 70 72 89 100 134 137
74 42 51 71 65 57 47 58 43 55 69 71 53
Total Liabilities 334 250 236 257 237 232 213 218 208 238 270 320 299
178 168 157 148 138 130 120 112 104 122 111 143 150
CWIP 0 0 0 -0 -0 -0 -0 -0 0 0 0 1 1
Investments 2 2 2 2 2 2 2 2 2 2 2 2 2
154 80 77 107 97 100 90 104 102 114 157 174 146
Total Assets 334 250 236 257 237 232 213 218 208 238 270 320 299

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-9 71 36 18 35 9 21 14 12 24 -0 22
-4 -1 -2 -2 -1 -5 -0 -0 -1 -29 -1 -46
-5 -51 -45 -20 -28 -9 -20 -15 -12 5 2 27
Net Cash Flow -18 19 -11 -3 6 -5 1 -2 -1 0 0 3

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 58 48 34 40 41 60 55 86 60 74 62 38
Inventory Days 337 59 107 134 87 113 115 117 135 184 271 178
Days Payable 112 36 65 86 68 60 73 112 63 109 126 76
Cash Conversion Cycle 282 70 77 87 59 112 97 90 132 149 207 140
Working Capital Days 137 24 23 35 25 58 64 74 91 109 149 106
ROCE % 14% -1% 14% 16% 10% 8% 15% 10% 8% 7% 11% 15%

Shareholding Pattern

Numbers in percentages

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
49.11 49.12 49.12 49.12 50.57 50.57 50.57 50.57 50.85 50.79 50.79 50.79
1.25 1.24 1.24 1.24 1.24 1.24 1.24 1.12 0.00 0.00 0.00 0.00
49.64 49.64 49.64 49.64 48.19 48.19 48.19 48.32 49.15 49.21 49.21 49.21

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

Please click on the line-items to see the names of individual entities.

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