Sarla Performance Fibers Ltd

Sarla Performance Fibers Ltd

₹ 50.6 4.44%
06 Dec - close price
About

Sarla Performance Fibers incorporated in 1993 is engaged in the business of manufacturing specialized high tenacity yarns.
The yarn manufactured by it is used in the manufacturing of innerwear, narrow fabrics,
hosiery, sportswear etc.

Key Points

Product Portfolio[1]
Yarns: Continuous filament yarns, high tenacity yarns and threads, dyed yarns covered spandex and lycra yarns.
Threads: Applications in automobiles, premium footwear, high-end apparel, and embroidery
Applications: Narrow fabrics, hosiery applications, medical bandages, knitted and denim fabrics, leather goods, soft luggage,
automotive seat belts and trims, mops, towels, shoe uppers, automotive air bags, and upholstery.

  • Market Cap 422 Cr.
  • Current Price 50.6
  • High / Low 60.0 / 32.4
  • Stock P/E 28.2
  • Book Value 48.9
  • Dividend Yield 0.00 %
  • ROCE 7.23 %
  • ROE 5.45 %
  • Face Value 1.00

Pros

  • Stock is trading at 1.04 times its book value
  • Debtor days have improved from 91.2 to 57.2 days.
  • Company's working capital requirements have reduced from 151 days to 114 days

Cons

  • The company has delivered a poor sales growth of 4.96% over past five years.
  • Company has a low return on equity of 8.61% over last 3 years.
  • Earnings include an other income of Rs.17.5 Cr.
  • Dividend payout has been low at 12.0% 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
61.11 80.37 91.38 86.18 105.40 114.10 120.79 118.52 115.58 82.33 69.78 85.31 95.85
49.05 66.34 66.55 64.23 85.87 96.42 103.82 97.77 99.06 74.22 59.60 72.90 82.44
Operating Profit 12.06 14.03 24.83 21.95 19.53 17.68 16.97 20.75 16.52 8.11 10.18 12.41 13.41
OPM % 19.73% 17.46% 27.17% 25.47% 18.53% 15.50% 14.05% 17.51% 14.29% 9.85% 14.59% 14.55% 13.99%
5.75 3.03 4.14 2.08 7.97 7.27 1.10 0.63 4.66 4.11 1.75 6.05 5.56
Interest 2.40 1.57 5.54 1.24 0.63 1.27 0.56 0.83 0.95 1.53 1.52 1.31 1.45
Depreciation 6.44 6.34 6.55 6.49 6.54 6.73 6.76 7.11 6.94 7.27 8.28 7.96 8.21
Profit before tax 8.97 9.15 16.88 16.30 20.33 16.95 10.75 13.44 13.29 3.42 2.13 9.19 9.31
Tax % 18.51% 24.37% 41.47% 26.56% 27.15% 28.26% 31.35% 28.27% 27.77% 38.30% 98.59% 31.56% 29.97%
7.31 6.92 9.88 11.97 14.81 12.15 7.39 9.63 9.61 2.11 0.03 6.30 6.52
EPS in Rs 0.86 0.82 1.17 1.43 1.77 1.45 0.89 1.14 1.14 0.26 0.02 0.76 0.78
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
222 259 262 312 299 322 304 324 311 258 431 387 333
189 212 215 262 238 267 251 272 260 201 349 331 289
Operating Profit 33 47 47 50 62 55 53 52 51 57 82 57 44
OPM % 15% 18% 18% 16% 21% 17% 18% 16% 16% 22% 19% 15% 13%
1 2 9 12 11 27 20 17 18 16 12 10 17
Interest 3 6 7 6 6 8 8 9 12 12 4 5 6
Depreciation 8 8 11 14 15 20 20 22 25 26 27 30 32
Profit before tax 23 35 38 40 51 54 45 38 32 35 64 32 24
Tax % 19% 20% 26% 30% 11% 36% 47% 34% 8% 25% 28% 34%
19 28 28 28 45 34 24 26 29 27 46 21 15
EPS in Rs 2.72 4.03 3.99 3.35 5.39 4.08 2.89 3.04 3.52 3.14 5.54 2.56 1.82
Dividend Payout % 18% 29% 19% 24% 19% 27% 38% 36% 0% 0% 36% 0%
Compounded Sales Growth
10 Years: 4%
5 Years: 5%
3 Years: 8%
TTM: -29%
Compounded Profit Growth
10 Years: -3%
5 Years: 2%
3 Years: -10%
TTM: -61%
Stock Price CAGR
10 Years: 12%
5 Years: 12%
3 Years: 32%
1 Year: 11%
Return on Equity
10 Years: 11%
5 Years: 9%
3 Years: 9%
Last Year: 5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 117 136 162 221 253 250 265 283 310 336 380 387 400
65 114 233 259 302 254 211 241 266 149 135 109 120
51 54 61 69 63 86 77 82 74 91 104 77 82
Total Liabilities 240 311 463 558 627 598 560 615 659 585 627 580 610
82 102 196 189 211 263 241 255 263 251 232 259 246
CWIP 0 27 1 0 0 0 3 10 1 0 16 0 0
Investments 1 3 55 58 85 68 70 75 85 17 51 125 145
157 179 212 311 331 266 245 274 309 317 329 196 219
Total Assets 240 311 463 558 627 598 560 615 659 585 627 580 610

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

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 27 35 2 83 61 49 30 45 30 37 102
-11 -54 -128 -6 -57 -39 18 -60 -48 31 -26 -56
11 36 -108 61 -10 -27 -60 19 3 -56 -18 -46
Net Cash Flow -1 9 -202 57 16 -5 7 -10 1 4 -7 1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 106 82 105 92 93 93 95 90 107 132 85 57
Inventory Days 163 161 187 211 276 175 141 122 135 239 191 179
Days Payable 66 30 50 67 40 43 31 34 55 95 76 58
Cash Conversion Cycle 203 213 243 236 329 225 205 179 186 276 200 178
Working Capital Days 151 144 129 142 136 81 110 119 108 200 138 114
ROCE % 15% 18% 13% 10% 11% 12% 9% 9% 8% 9% 13% 7%

Shareholding Pattern

Numbers in percentages

Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
55.11% 55.11% 55.11% 55.19% 55.25% 55.80% 55.90% 55.91% 56.41% 56.48% 56.48% 56.48%
0.02% 0.02% 0.02% 0.67% 1.00% 0.85% 0.87% 0.89% 0.70% 0.64% 0.65% 0.71%
44.87% 44.87% 44.87% 44.14% 43.75% 43.35% 43.23% 43.20% 42.90% 42.89% 42.87% 42.81%
No. of Shareholders 14,95115,44818,20720,95221,82024,60224,25725,21325,20325,30525,90827,954

* 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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