SEL Manufacturing Company Ltd

SEL Manufacturing Company Ltd

₹ 81.2 2.31%
24 Apr 1:04 p.m.
About

Incorporated in 1969, SEL Manufacturing Company Ltd is in the business of manufacturing, processing & trading of yarns, fabrics, ready-made garments and towels[1]

Key Points

Product Portfolio:[1]
Company is vertically integrated multi-product textile company which manufactures:
a) Knitted Garments
b) Terry Towels
c) Knitted & Processed Fabric
d) Various kinds of Yarns

  • Market Cap 269 Cr.
  • Current Price 81.2
  • High / Low 177 / 68.6
  • Stock P/E
  • Book Value 4.88
  • Dividend Yield 0.00 %
  • ROCE -14.2 %
  • ROE -103 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter

Cons

  • Stock is trading at 16.3 times its book value
  • Company has low interest coverage ratio.
  • Company might be capitalizing the interest cost
  • Promoters have pledged 36.0% of their holding.

* 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 - Cotton/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
65 73 80 107 117 116 118 66 143 228 238 96 12
84 175 87 113 114 112 138 82 154 252 262 117 18
Operating Profit -19 -102 -7 -6 3 4 -20 -17 -11 -23 -24 -21 -6
OPM % -29% -140% -9% -5% 3% 3% -17% -26% -8% -10% -10% -22% -52%
8 5,330 1 2 1 6 7 24 2 -2 1 -2 17
Interest 0 1 7 7 7 8 11 10 11 12 15 15 15
Depreciation 27 27 28 26 26 25 27 25 25 25 24 24 24
Profit before tax -37 5,200 -42 -37 -28 -24 -51 -28 -45 -62 -62 -62 -28
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
-37 5,200 -42 -37 -28 -24 -51 -28 -45 -62 -62 -62 -28
EPS in Rs -1.12 1,569.34 -12.54 -11.24 -8.53 -7.30 -15.35 -8.40 -13.64 -18.72 -18.68 -18.58 -8.43
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
2,036 3,152 2,952 2,323 1,945 1,711 988 458 285 189 420 554 575
1,779 2,752 2,737 2,038 1,680 2,192 1,251 488 346 331 426 626 649
Operating Profit 257 400 216 285 266 -481 -263 -30 -61 -142 -6 -71 -75
OPM % 13% 13% 7% 12% 14% -28% -27% -6% -21% -75% -1% -13% -13%
96 172 -91 123 -197 -137 -1,285 -94 -2,371 5,355 10 30 14
Interest 171 268 312 248 342 123 8 3 1 2 30 43 56
Depreciation 75 136 212 293 284 114 112 109 108 107 106 102 96
Profit before tax 108 168 -400 -133 -558 -854 -1,667 -236 -2,541 5,104 -131 -186 -213
Tax % 33% 37% 36% 32% 28% 35% -33% 0% 0% 0% 0% 0%
72 106 -255 -91 -402 -558 -2,222 -236 -2,541 5,104 -131 -186 -213
EPS in Rs 6.45 3.21 -7.71 -2.74 -12.13 -16.83 -67.05 -7.12 -76.69 1,540.36 -39.63 -56.11 -64.41
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -16%
5 Years: -11%
3 Years: 25%
TTM: 30%
Compounded Profit Growth
10 Years: %
5 Years: 13%
3 Years: %
TTM: -35%
Stock Price CAGR
10 Years: 38%
5 Years: 138%
3 Years: 289%
1 Year: -56%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: -103%

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 111 331 331 331 331 331 331 331 331 33 33 33 33
Reserves 962 1,083 849 757 390 -129 -2,365 -2,601 -5,149 383 231 115 -17
Preference Capital 0 0 0 70 0 0 39 42 46 0 0 0
2,484 3,121 3,468 3,971 4,241 4,152 6,100 6,087 6,095 959 1,017 932 933
364 580 461 431 369 391 308 309 318 117 105 144 180
Total Liabilities 3,921 5,115 5,110 5,489 5,332 4,745 4,374 4,127 1,595 1,492 1,385 1,225 1,129
1,356 2,522 2,323 2,123 1,838 1,756 1,615 1,506 1,399 1,281 1,174 1,073 1,025
CWIP 551 24 164 179 185 163 170 169 42 42 42 42 42
Investments 186 556 558 560 235 9 2,021 2,022 1 2 1 1 1
1,829 2,012 2,064 2,627 3,073 2,817 568 429 153 167 168 109 61
Total Assets 3,921 5,115 5,110 5,489 5,332 4,745 4,374 4,127 1,595 1,492 1,385 1,225 1,129

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
9 341 359 -415 105 344 253 366 -10 891 35 44
-767 -908 -261 -11 21 -8 -1,954 1 4 -8 3 16
722 519 -110 460 -137 -347 1,695 -366 3 -878 -43 -60
Net Cash Flow -35 -49 -11 34 -10 -11 -6 2 -3 5 -4 0

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 113 64 101 117 169 213 50 34 91 121 49 4
Inventory Days 147 169 116 287 413 179 29 173 155 696 145 44
Days Payable 44 44 33 55 51 31 28 200 383 396 97 70
Cash Conversion Cycle 216 189 184 349 531 361 51 6 -137 421 97 -22
Working Capital Days 180 141 119 279 382 280 -187 -775 -2,129 37 36 -36
ROCE % 9% 11% 2% 2% 2% -11% -8% -2% -4% -18% -8% -14%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
75.27% 75.27% 75.27% 75.27% 75.16% 75.16% 75.16% 75.16% 75.00% 75.00% 75.00% 75.00%
0.13% 0.13% 0.13% 0.13% 0.13% 0.13% 0.13% 0.13% 0.13% 0.13% 0.13% 0.13%
24.03% 24.03% 24.03% 23.56% 23.53% 23.53% 23.53% 23.53% 23.18% 21.73% 21.32% 19.55%
0.57% 0.57% 0.57% 1.04% 1.18% 1.18% 1.18% 1.19% 1.69% 3.15% 3.55% 5.31%
No. of Shareholders 16,75316,75316,75316,53017,14020,79420,36319,60719,82622,69122,50923,532

* 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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