SEL Manufacturing Company Ltd

SEL Manufacturing Company Ltd

₹ 79.0 -1.74%
25 Apr 4:01 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 260 Cr.
  • Current Price 79.0
  • High / Low 174 / 68.6
  • Stock P/E
  • Book Value 4.91
  • Dividend Yield 0.00 %
  • ROCE -14.2 %
  • ROE -102 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter

Cons

  • Stock is trading at 16.1 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

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
81 32 80 107 117 116 118 66 143 228 238 96 12
106 120 87 113 114 112 138 82 154 252 262 117 18
Operating Profit -25 -89 -7 -6 3 3 -20 -17 -11 -23 -24 -21 -6
OPM % -31% -280% -9% -5% 3% 3% -17% -26% -8% -10% -10% -22% -52%
12 2,711 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 36 -1 28 26 26 25 27 25 25 25 24 24 24
Profit before tax -49 2,622 -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%
-49 2,622 -42 -37 -28 -24 -51 -28 -45 -62 -62 -62 -28
EPS in Rs -1.49 791.38 -12.54 -11.24 -8.54 -7.30 -15.35 -8.40 -13.64 -18.72 -18.68 -18.58 -8.43
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
2,218 3,774 3,628 2,860 2,462 2,081 1,261 603 347 189 420 554 575
1,934 3,253 3,268 2,532 2,194 2,741 1,550 665 423 331 426 626 649
Operating Profit 283 521 360 328 268 -660 -289 -62 -76 -142 -6 -71 -75
OPM % 13% 14% 10% 11% 11% -32% -23% -10% -22% -75% -1% -13% -13%
109 199 -125 154 132 99 -1,565 -157 -363 2,758 10 30 14
Interest 185 346 432 342 496 147 11 7 3 2 30 43 56
Depreciation 82 163 267 367 374 158 149 146 145 107 106 102 96
Profit before tax 126 210 -464 -227 -471 -865 -2,013 -372 -587 2,507 -131 -186 -213
Tax % 35% 35% 37% 34% 21% 34% -26% 0% 0% 0% 0% 0%
82 137 -294 -149 -370 -573 -2,528 -372 -587 2,507 -131 -186 -213
EPS in Rs 7.44 4.16 -8.88 -4.51 -11.17 -17.28 -76.28 -11.24 -17.73 756.69 -39.64 -56.11 -64.41
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -17%
5 Years: -15%
3 Years: 17%
TTM: 30%
Compounded Profit Growth
10 Years: %
5 Years: 13%
3 Years: -32%
TTM: -35%
Stock Price CAGR
10 Years: 36%
5 Years: 137%
3 Years: 289%
1 Year: -55%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: -103%

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 111 331 331 331 331 331 331 331 331 33 33 33 33
Reserves 983 1,135 871 691 315 -212 -2,718 -3,094 -3,692 383 231 115 -17
Preference Capital 0 0 0 70 0 0 39 42 46 0 0 0
3,189 4,255 4,793 5,502 5,828 5,658 5,650 5,623 5,600 959 1,017 932 933
417 410 592 532 575 628 471 469 528 117 105 144 180
Total Liabilities 4,700 6,132 6,587 7,057 7,049 6,405 3,734 3,330 2,768 1,492 1,385 1,225 1,129
1,520 3,091 3,066 2,925 2,573 2,487 2,309 2,155 2,010 1,281 1,174 1,073 1,025
CWIP 771 232 481 574 595 553 559 559 432 42 42 42 42
Investments 72 71 97 43 42 42 42 43 42 2 1 1 1
2,336 2,738 2,944 3,515 3,839 3,323 823 573 284 167 168 109 61
Total Assets 4,700 6,132 6,587 7,057 7,049 6,405 3,734 3,330 2,768 1,492 1,385 1,225 1,129

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
-26 206 706 -492 240 517 385 534 600 -1,226 35 44
-1,237 -970 -629 -63 -19 -12 62 -9 6 994 3 16
1,243 810 -192 633 -264 -547 -456 -523 -609 237 -43 -60
Net Cash Flow -20 46 -114 77 -44 -41 -8 1 -3 4 -4 0

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 119 71 109 134 170 202 61 36 78 121 49 4
Inventory Days 173 157 127 275 385 174 40 152 193 738 145 44
Days Payable 49 7 34 51 51 32 40 251 551 420 97 70
Cash Conversion Cycle 243 222 202 358 504 343 62 -64 -280 439 97 -22
Working Capital Days 202 167 121 278 348 220 -251 -967 -2,649 37 36 -36
ROCE % 9% 11% 4% 2% 1% -12% -8% -4% -5% -13% -8% -14%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
75.27% 75.27% 75.27% 75.16% 75.16% 75.16% 75.16% 75.00% 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% 23.56% 23.53% 23.53% 23.53% 23.53% 23.18% 21.73% 21.32% 19.55% 19.21%
0.57% 0.57% 1.04% 1.18% 1.18% 1.18% 1.19% 1.69% 3.15% 3.55% 5.31% 5.66%
No. of Shareholders 16,75316,75316,53017,14020,79420,36319,60719,82622,69122,50923,53223,044

* 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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