SEL Manufacturing Company Ltd

₹ 500 -5.00%
23 Jan - close price
About

Incorporated in 1969, Sel Manufacturing Ltd. is in the business of manufacturing, processing and trading of yarn, fabric, ready-made garments and towels.

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 kind of Yarns

  • Market Cap 1,657 Cr.
  • Current Price 500
  • High / Low 1,976 / 74.1
  • Stock P/E
  • Book Value 50.6
  • Dividend Yield 0.00 %
  • ROCE -8.02 %
  • ROE -40.0 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Debtor days have improved from 86.9 to 49.2 days.

Cons

  • Stock is trading at 9.88 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -24.5% over past five years.
  • Company might be capitalizing the interest cost
  • Promoters have pledged 36.1% 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
57 77 73 8 45 65 73 80 107 117 116 118 66
81 87 72 17 56 84 175 87 113 114 112 138 82
Operating Profit -25 -10 1 -10 -11 -19 -102 -7 -6 3 4 -20 -17
OPM % -43% -13% 2% -125% -25% -29% -140% -9% -5% 3% 3% -17% -26%
-2,387 2 -23 0 16 8 5,330 1 2 1 6 7 24
Interest -0 0 0 0 0 0 1 7 7 7 8 11 10
Depreciation 27 27 27 27 27 27 27 28 26 26 25 27 25
Profit before tax -2,439 -35 -48 -36 -22 -37 5,200 -42 -37 -28 -24 -51 -28
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Net Profit -2,439 -35 -48 -36 -22 -37 5,200 -42 -37 -28 -24 -51 -28
EPS in Rs -73.60 -1.07 -1.45 -1.10 -0.68 -1.12 1,569.34 -12.54 -11.24 -8.53 -7.30 -15.35 -8.40
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
1,581 2,036 3,152 2,952 2,323 1,945 1,711 988 458 285 189 420 417
1,323 1,779 2,752 2,737 2,038 1,680 2,192 1,251 488 346 331 426 446
Operating Profit 258 257 400 216 285 266 -481 -263 -30 -61 -142 -6 -30
OPM % 16% 13% 13% 7% 12% 14% -28% -27% -6% -21% -75% -1% -7%
24 96 172 -91 123 -197 -137 -1,285 -94 -2,371 5,355 10 38
Interest 77 171 268 312 248 342 123 8 3 1 2 30 36
Depreciation 56 75 136 212 293 284 114 112 109 108 107 106 103
Profit before tax 149 108 168 -400 -133 -558 -854 -1,667 -236 -2,541 5,104 -131 -131
Tax % 33% 33% 37% 36% 32% 28% 35% -33% 0% 0% 0% 0%
Net Profit 100 72 106 -255 -91 -402 -558 -2,222 -236 -2,541 5,104 -131 -131
EPS in Rs 10.10 6.45 3.21 -7.71 -2.74 -12.13 -16.83 -67.05 -7.12 -76.69 1,540.36 -39.60 -39.58
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -15%
5 Years: -24%
3 Years: -3%
TTM: 28%
Compounded Profit Growth
10 Years: %
5 Years: 10%
3 Years: %
TTM: 43%
Stock Price CAGR
10 Years: 62%
5 Years: 174%
3 Years: 738%
1 Year: 371%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: -40%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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
99 111 331 331 401 331 331 370 373 377 33 33 33
Reserves 898 962 1,083 849 757 390 -129 -2,365 -2,601 -5,149 383 231 135
1,627 2,484 3,121 3,468 3,971 4,241 4,152 6,100 6,087 6,095 959 1,017 1,029
298 364 580 461 431 369 391 308 309 318 117 105 91
Total Liabilities 2,922 3,921 5,115 5,110 5,489 5,332 4,745 4,374 4,127 1,595 1,492 1,385 1,288
875 1,356 2,522 2,323 2,123 1,838 1,756 1,615 1,506 1,399 1,281 1,176 1,124
CWIP 211 551 24 164 179 185 163 170 169 42 42 42 42
Investments 214 186 556 558 560 235 9 2,021 2,022 1 2 1 1
1,621 1,829 2,012 2,064 2,627 3,073 2,817 568 429 153 167 165 120
Total Assets 2,922 3,921 5,115 5,110 5,489 5,332 4,745 4,374 4,127 1,595 1,492 1,385 1,288

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-99 9 341 359 -415 105 344 253 366 -10 891 36
-864 -767 -908 -261 -11 21 -8 -1,954 1 4 -8 3
1,015 722 519 -110 460 -137 -347 1,695 -366 3 -878 -43
Net Cash Flow 52 -35 -49 -11 34 -10 -11 -6 2 -3 5 -4

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 101 113 64 101 117 169 213 50 34 91 121 49
Inventory Days 173 147 169 116 287 413 179 29 173 155 696 145
Days Payable 46 44 44 33 55 51 31 28 200 383 396 97
Cash Conversion Cycle 228 216 189 184 349 531 361 51 6 -137 421 97
Working Capital Days 169 180 141 119 279 382 280 -187 -775 -2,129 37 30
ROCE % 11% 9% 11% 2% 2% 2% -11% -8% -2% -4% -18% -8%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
18.55 18.55 18.55 18.55 75.27 75.27 75.27 75.27 75.16 75.16 75.16 75.16
14.97 14.97 14.97 14.97 0.13 0.13 0.13 0.13 0.13 0.13 0.13 0.13
0.00 0.00 0.00 0.00 24.03 24.03 24.03 23.56 23.53 23.53 23.53 23.53
66.47 66.47 66.48 66.48 0.57 0.57 0.57 1.04 1.18 1.18 1.18 1.19

* 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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