Sambandam Spinning Mills Ltd

Sambandam Spinning Mills Ltd

₹ 152 2.42%
25 Apr 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[1]
Company manufactures and sells cotton and blended yarns, consisting of Multi-Ply Yarn, Carded, Combed Weaving & Knitting Yarns, Ring Doubled wet spliced, and TFO Yarns. The value-added products include Gassed Yarn, Compact Yarn, Slub Yarn, etc.

  • Market Cap 64.9 Cr.
  • Current Price 152
  • High / Low 208 / 128
  • Stock P/E
  • Book Value 228
  • Dividend Yield 0.00 %
  • ROCE -0.87 %
  • ROE -11.1 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.67 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 3.59% over last 3 years.
  • Earnings include an other income of Rs.5.14 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.

Peer comparison

Sector: Textiles Industry: Textiles - Cotton/Blended

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
70.05 80.84 62.05 95.21 100.84 96.84 82.21 74.54 56.52 49.98 52.43 50.82 52.92
59.88 63.60 49.09 80.14 89.48 89.79 73.17 74.94 59.32 47.40 51.69 44.74 54.17
Operating Profit 10.17 17.24 12.96 15.07 11.36 7.05 9.04 -0.40 -2.80 2.58 0.74 6.08 -1.25
OPM % 14.52% 21.33% 20.89% 15.83% 11.27% 7.28% 11.00% -0.54% -4.95% 5.16% 1.41% 11.96% -2.36%
0.34 0.02 0.55 0.16 0.26 0.10 0.29 0.58 0.05 3.33 0.44 0.08 1.29
Interest 2.64 2.53 2.51 2.35 2.23 4.96 3.34 2.86 3.18 3.16 3.10 3.04 3.08
Depreciation 3.19 3.15 3.26 3.28 3.27 3.54 3.66 3.80 3.84 3.88 2.63 2.73 2.55
Profit before tax 4.68 11.58 7.74 9.60 6.12 -1.35 2.33 -6.48 -9.77 -1.13 -4.55 0.39 -5.59
Tax % 17.52% 20.47% 14.73% 30.83% -15.36% -282.96% 43.35% 20.37% 25.49% 46.02% 31.43% 15.38% 33.09%
3.86 9.21 6.61 6.65 7.06 -5.17 1.31 -5.16 -7.28 -0.61 -3.11 0.33 -3.74
EPS in Rs 9.05 21.60 15.50 15.59 16.55 -12.12 3.07 -12.10 -17.07 -1.43 -7.29 0.77 -8.77
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
205 209 193 210 191 231 355 263 206
181 174 168 187 171 198 308 254 198
Operating Profit 24 35 25 23 20 34 47 9 8
OPM % 12% 17% 13% 11% 11% 15% 13% 3% 4%
0 -3 -1 2 1 0 1 4 5
Interest 12 12 10 9 9 11 13 13 12
Depreciation 11 11 10 10 9 12 13 15 12
Profit before tax 1 10 4 6 3 10 22 -15 -11
Tax % 67% 49% -0% 18% 17% 22% 32% 22%
0 5 4 5 2 8 15 -12 -7
EPS in Rs 0.77 11.44 8.32 10.79 5.42 19.04 35.53 -27.51 -16.72
Dividend Payout % 259% 35% 24% 19% 0% 21% 14% 0%
Compounded Sales Growth
10 Years: %
5 Years: 6%
3 Years: 11%
TTM: -34%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 56%
Stock Price CAGR
10 Years: 9%
5 Years: 10%
3 Years: 26%
1 Year: 7%
Return on Equity
10 Years: %
5 Years: 4%
3 Years: 4%
Last Year: -11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 4 4 4 4 4 4 4 4 4
Reserves 72 84 85 88 89 97 111 96 93
98 77 70 72 89 100 134 135 125
57 47 58 43 55 69 72 44 47
Total Liabilities 231 212 217 208 238 270 322 279 269
130 120 112 104 122 111 143 146 132
CWIP 0 0 0 0 0 0 1 2 1
Investments 1 1 2 2 2 2 2 2 2
100 90 104 102 114 157 176 130 133
Total Assets 231 212 217 208 238 270 322 279 269

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
9 21 14 12 24 -0 28 29
-5 -0 -0 -1 -29 -1 -46 -18
-9 -20 -15 -12 5 2 21 -14
Net Cash Flow -5 1 -2 -1 0 0 3 -3

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 60 55 86 60 74 62 38 43
Inventory Days 113 115 117 135 184 271 178 132
Days Payable 60 73 112 63 109 126 74 42
Cash Conversion Cycle 112 97 90 132 149 207 142 133
Working Capital Days 58 64 74 91 109 149 106 127
ROCE % 15% 10% 9% 7% 11% 15% -1%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
50.57% 50.57% 50.85% 50.79% 50.79% 50.79% 50.79% 50.79% 50.79% 50.79% 50.30% 50.30%
1.24% 1.12% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
48.19% 48.32% 49.15% 49.21% 49.21% 49.21% 49.21% 49.21% 49.21% 49.22% 49.70% 49.71%
No. of Shareholders 2,9383,1993,1053,2433,2973,2683,2073,1743,1803,0573,0313,012

* 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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