Sarla Performance Fibers Ltd

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

Sarla Performance Fibers Ltd

₹ 33.6 -0.59%
29 Mar - close price
sarlafibers.com BSE: 526885 NSE : SARLAPOLY
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

Manufacturing Presence:
SPFL has 2 yarn manufacturing units, 1 dyeing unit and 1 HT twisting unit in India.
All its units together form a vertically integrated plant from Spinning to the latest technology
for high bulk high stretch polyester and nylon muffs and thanks to in-house bonding and
kingspool winding which enables them to produce more than 250 different varieties of value added yarns.
During FY2020, SPFL increased its high tenacity twisting capacity in Dadra by additional 3600 tonnes/year at a project cost of 18.5 Cr

Website BSE NSE
  • Market Cap ₹ 280 Cr.
  • Current Price ₹ 33.6
  • High / Low ₹ 69.7 / 32.4
  • Stock P/E 9.46
  • Book Value ₹ 49.5
  • Dividend Yield 5.94 %
  • ROCE 13.6 %
  • ROE 12.7 %
  • Face Value ₹ 1.00
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Pros

  • Stock is trading at 0.68 times its book value
  • Stock is providing a good dividend yield of 5.94%.
  • Debtor days have improved from 108 to 85.7 days.

Cons

  • The company has delivered a poor sales growth of 5.75% over past five years.
  • Company has a low return on equity of 10.2% over last 3 years.
  • Company might be capitalizing the interest cost

* 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

Consolidated Figures in Rs. Crores / View Standalone

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
80.10 71.29 24.95 61.11 80.37 91.38 86.18 105.40 114.10 120.04 117.66 115.58 81.44
68.01 62.23 19.64 49.05 66.34 66.55 64.23 85.87 96.42 101.09 97.77 99.06 74.22
Operating Profit 12.09 9.06 5.31 12.06 14.03 24.83 21.95 19.53 17.68 18.95 19.89 16.52 7.22
OPM % 15.09% 12.71% 21.28% 19.73% 17.46% 27.17% 25.47% 18.53% 15.50% 15.79% 16.90% 14.29% 8.87%
4.36 5.20 3.40 5.75 3.03 4.14 2.08 7.97 7.27 0.16 1.49 4.66 5.00
Interest 2.15 2.50 1.93 2.40 1.57 5.54 1.24 0.63 1.27 0.56 0.83 0.95 1.53
Depreciation 6.25 6.82 6.38 6.44 6.34 6.55 6.49 6.54 6.73 6.76 7.11 6.94 7.27
Profit before tax 8.05 4.94 0.40 8.97 9.15 16.88 16.30 20.33 16.95 11.79 13.44 13.29 3.42
Tax % 23.98% 9.31% 55.00% 18.51% 24.37% 41.47% 26.56% 27.15% 28.26% 28.50% 28.27% 27.77% 38.30%
Net Profit 6.12 4.48 0.18 7.31 6.92 9.88 11.97 14.81 12.15 8.42 9.63 9.61 2.11
EPS in Rs 0.73 0.59 0.02 0.86 0.82 1.17 1.43 1.77 1.45 1.02 1.14 1.14 0.26
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
193 222 259 262 312 299 322 304 324 311 258 426 435
159 189 212 215 262 238 267 251 272 260 201 347 372
Operating Profit 34 33 47 47 50 62 55 53 52 51 57 79 63
OPM % 18% 15% 18% 18% 16% 21% 17% 18% 16% 16% 22% 19% 14%
2 1 2 9 12 11 27 20 17 18 16 17 11
Interest 2 3 6 7 6 6 8 8 9 12 12 5 4
Depreciation 7 8 8 11 14 15 20 20 22 25 26 27 28
Profit before tax 27 23 35 38 40 51 54 45 38 32 35 65 42
Tax % 18% 19% 20% 26% 30% 11% 36% 47% 34% 8% 25% 28%
Net Profit 23 19 28 28 28 45 34 24 26 29 27 47 30
EPS in Rs 3.24 2.72 4.03 3.99 3.35 5.39 4.08 2.89 3.04 3.52 3.14 5.67 3.56
Dividend Payout % 14% 18% 29% 19% 24% 19% 27% 38% 36% 0% 0% 35%
Compounded Sales Growth
10 Years: 7%
5 Years: 6%
3 Years: 9%
TTM: 9%
Compounded Profit Growth
10 Years: 10%
5 Years: 7%
3 Years: 23%
TTM: -39%
Stock Price CAGR
10 Years: 9%
5 Years: -8%
3 Years: 42%
1 Year: -39%
Return on Equity
10 Years: 12%
5 Years: 9%
3 Years: 10%
Last Year: 13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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
7 7 7 7 8 8 8 8 8 8 8 8 8
Reserves 101 117 136 162 221 253 250 265 283 310 336 384 405
46 65 114 233 259 302 254 211 241 266 149 135 133
51 51 54 61 69 63 86 77 82 74 91 100 94
Total Liabilities 205 240 311 463 558 627 598 560 615 659 585 627 641
78 82 102 196 189 211 263 241 255 263 251 232 260
CWIP 0 0 27 1 0 0 0 3 10 1 0 16 6
Investments 0 1 3 55 58 85 68 70 75 85 17 51 78
127 157 179 212 311 331 266 245 274 309 317 329 296
Total Assets 205 240 311 463 558 627 598 560 615 659 585 627 641

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
19 -1 27 35 2 83 61 49 30 45 30 37
-20 -11 -54 -128 -6 -57 -39 18 -60 -48 31 -26
5 11 36 -108 61 -10 -27 -60 19 3 -56 -18
Net Cash Flow 4 -1 9 -202 57 16 -5 7 -10 1 4 -7

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 96 106 82 105 92 93 93 95 90 107 132 86
Inventory Days 154 163 161 187 211 276 175 141 122 135 239 191
Days Payable 99 66 30 50 67 40 43 31 34 55 95 76
Cash Conversion Cycle 151 203 213 243 236 329 225 205 179 186 276 201
Working Capital Days 119 151 144 129 142 136 81 110 119 108 200 143
ROCE % 21% 15% 18% 13% 10% 11% 12% 9% 9% 8% 9% 14%

Shareholding Pattern

Numbers in percentages

1 recently
Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
54.94 54.94 54.94 55.11 55.11 55.11 55.19 55.25 55.80 55.90 55.91 56.41
0.02 0.02 0.02 0.02 0.02 0.02 0.67 1.00 0.85 0.87 0.89 0.70
0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
45.03 45.04 45.04 44.87 44.87 44.87 44.14 43.75 43.35 43.23 43.20 42.90

* 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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