Sarla Performance Fibers Ltd

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

Sarla Performance Fibers Ltd

₹ 57.2 -0.61%
19 Apr - close price
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 ₹ 477 Cr.
  • Current Price ₹ 57.2
  • High / Low ₹ 74.0 / 36.8
  • Stock P/E 22.4
  • Book Value ₹ 48.9
  • Dividend Yield 0.00 %
  • ROCE 7.23 %
  • ROE 5.45 %
  • Face Value ₹ 1.00
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Pros

  • Stock is trading at 1.17 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.19.1 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.

Peer comparison

Sector: Textiles Industry: Textiles - Spinning - Synthetic / 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
80.37 91.38 86.18 105.40 114.10 120.79 118.52 115.58 82.33 69.78 85.31 95.85 96.26
66.34 66.55 64.23 85.87 96.42 103.82 97.77 100.41 74.22 59.60 72.90 82.44 83.24
Operating Profit 14.03 24.83 21.95 19.53 17.68 16.97 20.75 15.17 8.11 10.18 12.41 13.41 13.02
OPM % 17.46% 27.17% 25.47% 18.53% 15.50% 14.05% 17.51% 13.13% 9.85% 14.59% 14.55% 13.99% 13.53%
3.03 4.14 2.08 7.97 7.27 1.10 0.63 6.01 4.11 1.75 6.05 5.56 5.73
Interest 1.57 5.54 1.24 0.63 1.27 0.56 0.83 0.95 1.53 1.52 1.31 1.45 1.42
Depreciation 6.34 6.55 6.49 6.54 6.73 6.76 7.11 6.94 7.27 8.28 7.96 8.21 5.82
Profit before tax 9.15 16.88 16.30 20.33 16.95 10.75 13.44 13.29 3.42 2.13 9.19 9.31 11.51
Tax % 24.37% 41.47% 26.56% 27.15% 28.26% 31.35% 28.27% 27.77% 38.30% 98.59% 31.56% 29.97% 26.41%
6.92 9.88 11.97 14.81 12.15 7.39 9.63 9.61 2.11 0.03 6.30 6.52 8.48
EPS in Rs 0.82 1.17 1.43 1.77 1.45 0.89 1.14 1.14 0.26 0.02 0.76 0.78 1.02
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
222 259 262 312 299 322 304 324 311 258 431 387 347
189 212 215 262 238 267 251 272 260 201 349 331 298
Operating Profit 33 47 47 50 62 55 53 52 51 57 82 57 49
OPM % 15% 18% 18% 16% 21% 17% 18% 16% 16% 22% 19% 15% 14%
1 2 9 12 11 27 20 17 18 16 12 10 19
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 30
Profit before tax 23 35 38 40 51 54 45 38 32 35 64 32 32
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 21
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 2.58
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: -21%
Compounded Profit Growth
10 Years: -3%
5 Years: 2%
3 Years: -10%
TTM: -25%
Stock Price CAGR
10 Years: 11%
5 Years: 17%
3 Years: 32%
1 Year: 45%
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

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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