Sarla Performance Fibers Ltd

Sarla Performanc Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Sarla Performance Fibers Ltd

₹ 57.5 0.00%
19 Apr 4:01 p.m.
sarlafibers.com BSE: 526885 NSE : SARLAPOLY
About

Incorporated in 1993, Sarla Performance Fibers Ltd manufactures various types of polyester and nylon yarns[1]

Key Points

Business Overview:[1]
SPFL is an ISO 9001:2015, Oeko Tex Standard certified and 100% EOU engaged in manufacturing and export of polyester and nylon textured, twisted and dyed yarns, covered yarns, high tenacity yarns and sewing thread. It has nylon and polyester product range of over 250 varieties of value added yarns and threads

Website BSE NSE
  • Market Cap ₹ 480 Cr.
  • Current Price ₹ 57.5
  • High / Low ₹ 74.0 / 36.8
  • Stock P/E 16.5
  • Book Value ₹ 53.6
  • Dividend Yield 0.00 %
  • ROCE 8.02 %
  • ROE 6.65 %
  • Face Value ₹ 1.00
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Pros

  • Stock is trading at 1.08 times its book value
  • Debtor days have improved from 95.7 to 58.3 days.
  • Company's working capital requirements have reduced from 147 days to 109 days

Cons

  • The company has delivered a poor sales growth of 7.27% over past five years.
  • Company has a low return on equity of 8.73% over last 3 years.
  • Earnings include an other income of Rs.18.6 Cr.
  • Dividend payout has been low at 10.6% of profits over last 3 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
76.95 89.00 84.78 104.72 113.99 120.80 117.34 115.19 81.28 69.80 85.09 95.79 95.94
63.15 65.24 64.13 85.85 96.50 103.10 98.00 100.78 74.27 58.58 72.56 82.71 82.16
Operating Profit 13.80 23.76 20.65 18.87 17.49 17.70 19.34 14.41 7.01 11.22 12.53 13.08 13.78
OPM % 17.93% 26.70% 24.36% 18.02% 15.34% 14.65% 16.48% 12.51% 8.62% 16.07% 14.73% 13.65% 14.36%
3.02 -20.18 2.08 7.91 7.26 1.08 1.48 5.83 4.74 1.54 6.05 5.46 5.51
Interest 1.57 0.78 1.24 0.63 1.27 0.56 0.83 0.95 1.53 1.52 1.31 1.45 1.42
Depreciation 4.38 4.63 4.54 4.58 4.74 4.77 5.06 4.82 5.09 6.10 5.77 6.01 5.79
Profit before tax 10.87 -1.83 16.95 21.57 18.74 13.45 14.93 14.47 5.13 5.14 11.50 11.08 12.08
Tax % 20.52% -62.84% 25.60% 25.59% 25.56% 24.68% 25.52% 25.50% 25.54% 39.88% 25.22% 25.18% 25.17%
8.64 -2.99 12.61 16.06 13.94 10.13 11.13 10.78 3.82 3.09 8.61 8.29 9.04
EPS in Rs 1.03 -0.36 1.51 1.92 1.67 1.21 1.33 1.29 0.46 0.37 1.03 0.99 1.08
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
182 234 246 267 243 277 272 316 298 251 429 387 347
158 195 208 222 193 219 218 269 251 196 348 330 296
Operating Profit 24 38 38 45 50 57 54 47 47 55 81 56 51
OPM % 13% 16% 15% 17% 21% 21% 20% 15% 16% 22% 19% 15% 15%
1 2 10 11 22 17 26 18 18 -12 12 9 19
Interest 3 6 6 5 5 6 7 8 11 7 4 5 6
Depreciation 7 8 9 9 10 12 13 14 18 18 19 21 24
Profit before tax 16 27 32 42 57 56 59 42 37 18 71 40 40
Tax % 29% 27% 31% 30% 25% 29% 32% 30% 6% 29% 25% 27%
11 19 22 30 43 40 40 30 35 13 53 29 29
EPS in Rs 1.57 2.80 3.20 3.55 5.11 4.76 4.82 3.53 4.14 1.55 6.32 3.45 3.47
Dividend Payout % 32% 21% 23% 23% 21% 23% 23% 31% 0% 0% 32% 0%
Compounded Sales Growth
10 Years: 5%
5 Years: 7%
3 Years: 9%
TTM: -20%
Compounded Profit Growth
10 Years: 4%
5 Years: -4%
3 Years: -6%
TTM: -19%
Stock Price CAGR
10 Years: 11%
5 Years: 17%
3 Years: 32%
1 Year: 45%
Return on Equity
10 Years: 12%
5 Years: 9%
3 Years: 9%
Last Year: 7%

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 8 8 8 8 8 8 8 8 8 8
Reserves 85 99 116 183 218 258 288 313 344 358 410 423 440
63 103 102 122 144 138 110 152 168 148 134 107 119
40 37 42 44 60 84 72 81 69 89 97 74 79
Total Liabilities 195 246 267 358 431 488 479 554 589 602 649 612 646
74 94 102 98 124 204 189 208 219 216 204 237 228
CWIP 0 10 1 0 0 0 3 10 1 0 16 0 0
Investments 3 5 8 8 33 17 19 19 102 78 113 187 207
117 137 157 252 274 267 268 317 267 307 317 188 211
Total Assets 195 246 267 358 431 488 479 554 589 602 649 612 646

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
1 22 25 -6 49 65 34 12 39 43 39 106
-8 -38 -3 3 -40 -48 18 -52 -34 -16 -25 -54
8 26 -11 56 4 -15 -44 31 -4 -24 -20 -51
Net Cash Flow 1 9 11 54 13 2 8 -9 2 3 -6 1

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 96 84 91 67 76 86 92 104 119 143 86 58
Inventory Days 138 134 105 123 160 130 112 82 100 201 168 153
Days Payable 45 16 22 18 21 31 28 30 48 93 73 58
Cash Conversion Cycle 189 202 173 172 214 185 176 156 172 251 181 153
Working Capital Days 133 128 112 99 91 64 98 114 107 198 134 109
ROCE % 13% 18% 17% 18% 18% 15% 14% 11% 10% 10% 14% 8%

Shareholding Pattern

Numbers in percentages

15 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
55.11% 55.11% 55.19% 55.25% 55.80% 55.90% 55.91% 56.41% 56.48% 56.48% 56.48% 56.48%
0.02% 0.02% 0.67% 1.00% 0.85% 0.87% 0.89% 0.70% 0.64% 0.65% 0.71% 0.65%
44.87% 44.87% 44.14% 43.75% 43.35% 43.23% 43.20% 42.90% 42.89% 42.87% 42.81% 42.86%
No. of Shareholders 15,44818,20720,95221,82024,60224,25725,21325,20325,30525,90827,95427,359

* 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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