Sarla Performance Fibers Ltd

Sarla Performance Fibers Ltd

₹ 90.1 -1.18%
29 Apr - close price
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

  • Market Cap 754 Cr.
  • Current Price 90.1
  • High / Low 128 / 65.0
  • Stock P/E 9.36
  • Book Value 60.1
  • Dividend Yield 3.33 %
  • ROCE 12.4 %
  • ROE 15.8 %
  • Face Value 1.00

Pros

  • Stock is providing a good dividend yield of 3.33%.
  • Company has delivered good profit growth of 29.6% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 38.0%

Cons

  • The company has delivered a poor sales growth of 9.54% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 11.3% 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
70 85 96 96 105 111 114 100 99 102 108 89 98
59 73 83 82 87 91 92 76 84 92 85 72 94
Operating Profit 11 13 13 14 19 20 22 24 16 10 23 17 4
OPM % 16% 15% 14% 14% 18% 18% 19% 24% 16% 10% 21% 19% 4%
2 6 5 6 3 11 8 -0 2 23 10 12 -43
Interest 2 1 1 1 2 2 2 3 4 2 2 2 2
Depreciation 6 6 6 6 6 6 6 6 6 6 6 6 6
Profit before tax 5 12 11 12 15 22 22 15 8 25 25 21 -47
Tax % 40% 25% 25% 25% 24% 25% 30% 19% 19% 10% 23% 9% -26%
3 9 8 9 11 17 15 12 6 23 19 19 -35
EPS in Rs 0.37 1.03 0.99 1.08 1.34 2.02 1.80 1.42 0.74 2.71 2.30 2.30 -4.17
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
267 243 277 272 316 298 251 429 387 382 422 396
222 193 219 218 269 251 196 348 330 323 338 343
Operating Profit 45 50 57 54 47 47 55 81 56 59 84 54
OPM % 17% 21% 21% 20% 15% 16% 22% 19% 15% 15% 20% 14%
11 22 17 26 18 18 -12 12 9 20 18 3
Interest 5 5 6 7 8 11 7 4 5 7 11 8
Depreciation 9 10 12 13 14 18 18 19 21 23 24 24
Profit before tax 42 57 56 59 42 37 18 71 40 49 66 24
Tax % 30% 25% 29% 32% 30% 6% 29% 25% 27% 25% 25% -9%
30 43 40 40 30 35 13 53 29 37 50 26
EPS in Rs 3.55 5.11 4.76 4.82 3.53 4.14 1.55 6.32 3.45 4.45 5.97 3.14
Dividend Payout % 23% 21% 23% 23% 31% 0% 0% 32% 0% 0% 50% 64%
Compounded Sales Growth
10 Years: 5%
5 Years: 10%
3 Years: 1%
TTM: -6%
Compounded Profit Growth
10 Years: 7%
5 Years: 30%
3 Years: 42%
TTM: 69%
Stock Price CAGR
10 Years: 3%
5 Years: 28%
3 Years: 33%
1 Year: -16%
Return on Equity
10 Years: 11%
5 Years: 11%
3 Years: 11%
Last Year: 16%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 8 8 8 8 8 8 8 8 8 8 8 8
Reserves 183 218 258 288 313 344 358 410 423 460 510 493
122 144 138 110 152 168 148 134 107 135 178 195
44 60 84 72 81 69 89 97 74 83 80 111
Total Liabilities 358 431 488 479 554 589 602 649 612 687 777 808
98 124 204 189 208 219 216 204 237 223 222 199
CWIP 0 0 0 3 10 1 0 16 0 0 0 4
Investments 8 33 17 19 19 102 78 113 187 256 343 370
252 274 267 268 317 267 307 317 188 208 212 235
Total Assets 358 431 488 479 554 589 602 649 612 687 777 808

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-6 49 65 34 12 39 43 39 106 32 64 81
3 -40 -48 18 -52 -34 -16 -25 -54 -56 -90 -79
56 4 -15 -44 31 -4 -24 -20 -51 22 25 -2
Net Cash Flow 54 13 2 8 -9 2 3 -6 1 -1 -0 0
Free Cash Flow -12 13 -12 28 -28 18 29 13 62 23 44 65
CFO/OP 14% 123% 132% 87% 44% 103% 92% 72% 210% 73% 98% 163%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 67 76 86 92 104 119 143 86 58 87 81 101
Inventory Days 123 160 130 112 82 100 201 168 153 129 164 170
Days Payable 18 21 31 28 30 48 93 73 58 71 62 79
Cash Conversion Cycle 172 214 185 176 156 172 251 181 153 145 183 191
Working Capital Days -39 -48 -44 12 16 23 37 38 9 19 -10 51
ROCE % 18% 18% 15% 14% 11% 10% 10% 14% 8% 9% 12% 12%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Number of Countries Presence
Number

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Wind Power Capacity
MW
Installed Yarn Manufacturing Capacity (Standalone)
TPA
Number of Unique Customers
Number
GCA (Gross Current Assets)
Days
Sales Volume
Metric Tons
Number of Wind Turbines
Number

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Shareholding Pattern

Numbers in percentages

4 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
56.48% 56.48% 56.48% 56.61% 56.67% 56.67% 56.70% 56.90% 56.90% 56.93% 57.07% 57.11%
0.65% 0.71% 0.65% 0.73% 0.77% 0.73% 1.04% 0.80% 0.80% 0.70% 0.72% 0.78%
0.00% 0.00% 0.00% 0.00% 0.72% 0.83% 1.61% 0.79% 0.90% 0.90% 0.90% 0.90%
42.87% 42.81% 42.86% 42.66% 41.85% 41.76% 40.64% 41.52% 41.42% 41.45% 41.32% 41.22%
No. of Shareholders 25,90827,95427,35928,34236,97340,18239,21238,19737,15536,94235,81535,180

* 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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