Shiva Mills Ltd

Shiva Mills Ltd

₹ 92.4 -1.44%
30 May - close price
About

Incorporated in 2015, Shiva Mills Ltd manufactures and markets Cotton Yarn[1]

Key Points

Business Overview:[1][2]
SML belongs to the Coimbatore-based Bannari Amman Group (BAG). It was formed to takeover assets and liabilities of Spinning Unit and certain windmills under the Scheme of Arrangement. Company exports ~30% of cotton yarn produced to far east countries

  • Market Cap 79.8 Cr.
  • Current Price 92.4
  • High / Low 119 / 67.0
  • Stock P/E
  • Book Value 111
  • Dividend Yield 0.00 %
  • ROCE -3.07 %
  • ROE -3.32 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.83 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -2.07% over past five years.
  • Company has a low return on equity of 2.43% over last 3 years.
  • Earnings include an other income of Rs.0.90 Cr.
  • Debtor days have increased from 34.9 to 46.0 days.

* 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

Figures in Rs. Crores

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
47.34 36.21 53.67 58.75 64.32 44.79 44.80 31.95 37.53 33.04 42.12 35.44 47.32
37.98 29.47 45.79 51.85 55.36 38.07 47.95 36.26 38.57 33.67 41.32 34.87 45.40
Operating Profit 9.36 6.74 7.88 6.90 8.96 6.72 -3.15 -4.31 -1.04 -0.63 0.80 0.57 1.92
OPM % 19.77% 18.61% 14.68% 11.74% 13.93% 15.00% -7.03% -13.49% -2.77% -1.91% 1.90% 1.61% 4.06%
0.06 0.13 0.15 0.16 0.25 0.16 0.16 0.20 0.79 0.22 0.16 0.08 0.43
Interest 0.26 0.23 0.15 0.23 0.34 0.61 0.14 0.15 0.05 0.04 0.28 0.13 0.31
Depreciation 1.54 1.38 1.40 1.42 1.51 1.42 1.43 1.65 1.55 1.63 1.70 1.70 1.69
Profit before tax 7.62 5.26 6.48 5.41 7.36 4.85 -4.56 -5.91 -1.85 -2.08 -1.02 -1.18 0.35
Tax % 33.33% 26.81% 26.70% 26.06% 31.25% 27.22% 27.41% 7.28% -2.16% 10.10% 11.76% 22.03% -28.57%
5.09 3.86 4.75 4.00 5.06 3.52 -3.31 -5.47 -1.90 -1.88 -0.90 -0.92 0.45
EPS in Rs 5.89 4.47 5.50 4.63 5.86 4.07 -3.83 -6.33 -2.20 -2.18 -1.04 -1.06 0.52
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0 170 169 175 164 139 213 159 158
0 148 153 156 152 119 183 161 155
Operating Profit 0 21 16 20 12 20 30 -2 3
OPM % 13% 10% 11% 7% 15% 14% -1% 2%
0 0 1 1 0 0 1 1 1
Interest 0 6 6 8 6 3 1 1 1
Depreciation 0 5 5 5 5 6 6 6 7
Profit before tax 0 10 6 8 2 12 24 -7 -4
Tax % 57% 35% 13% 24% 30% 28% 4% 17%
0 4 4 7 1 9 18 -7 -3
EPS in Rs 4.48 7.64 1.32 9.89 20.44 -8.29 -3.76
Dividend Payout % 0% 31% 18% 0% 10% 6% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: -2%
3 Years: 4%
TTM: -1%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 54%
Stock Price CAGR
10 Years: %
5 Years: 12%
3 Years: 12%
1 Year: 17%
Return on Equity
10 Years: %
5 Years: 4%
3 Years: 2%
Last Year: -3%

Balance Sheet

Figures in Rs. Crores

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 0 0 9 9 9 9 9 9 9
Reserves 0 75 69 74 74 82 99 91 88
0 67 57 54 40 4 8 0 10
0 24 24 19 18 20 16 16 16
Total Liabilities 0 167 159 155 141 115 132 116 123
0 83 81 80 76 70 66 65 64
CWIP 0 0 0 0 0 0 0 3 0
Investments 0 0 0 0 0 0 0 1 1
0 84 78 75 65 44 66 47 58
Total Assets 0 167 159 155 141 115 132 116 123

Cash Flows

Figures in Rs. Crores

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0 7 19 18 16 43 -3 27 -17
0 -6 -5 -3 -1 -0 -1 -8 -3
0 2 -18 -12 -20 -39 2 -10 10
Net Cash Flow 0 3 -3 3 -4 3 -2 9 -10

Ratios

Figures in Rs. Crores

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 44 43 56 59 28 26 33 46
Inventory Days 154 144 123 105 108 116 43 93
Days Payable 33 48 23 22 29 6 14 16
Cash Conversion Cycle 165 139 156 141 107 136 62 123
Working Capital Days 107 113 109 104 59 85 49 94
ROCE % 23% 9% 11% 6% 14% 24% -6%

Shareholding Pattern

Numbers in percentages

6 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.94% 74.94% 74.94% 74.94% 74.94% 74.93% 74.93% 74.93% 74.93% 74.93% 74.93% 74.93%
0.00% 0.00% 0.31% 0.78% 0.41% 0.42% 0.39% 0.36% 0.36% 0.36% 0.36% 0.36%
0.01% 0.01% 0.00% 0.00% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
25.06% 25.06% 24.75% 24.28% 24.65% 24.63% 24.66% 24.70% 24.70% 24.71% 24.70% 24.70%
No. of Shareholders 7,4817,9808,6309,8379,97310,68110,70210,46110,30410,07210,2599,783

* 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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