Shri Dinesh Mills Ltd

₹ 717 5.90%
16 Aug 1:18 p.m.
About

Shri Dinesh Mills Limited is engaged in manufacturing worsted fabrics (menswear), paper maker felts and industrial textiles. It also manufactures capsules for pharmaceutical sector through its subsidiary. [1][2]

Key Points

Revenue Split
Textile - 66% in FY21 vs 83% in FY18
Pharmaceuticals- 34% in FY21 vs 17% in FY18 [1]

  • Market Cap 402 Cr.
  • Current Price 717
  • High / Low 900 / 553
  • Stock P/E 31.7
  • Book Value 246
  • Dividend Yield 1.05 %
  • ROCE 11.9 %
  • ROE 10.1 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 41.5% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 62.4%

Cons

  • Stock is trading at 2.75 times its book value
  • The company has delivered a poor sales growth of -1.30% over past five years.
  • Company has a low return on equity of 5.46% for last 3 years.
  • Earnings include an other income of Rs.25.3 Cr.

* 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 - Products

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
16.85 16.94 18.64 13.73 11.38 19.35 21.82 21.60 19.05 22.53 23.92 24.64 26.13
16.12 16.72 17.15 17.09 10.26 14.74 17.03 18.51 14.64 17.71 19.18 21.79 21.01
Operating Profit 0.73 0.22 1.49 -3.36 1.12 4.61 4.79 3.09 4.41 4.82 4.74 2.85 5.12
OPM % 4.33% 1.30% 7.99% -24.47% 9.84% 23.82% 21.95% 14.31% 23.15% 21.39% 19.82% 11.57% 19.59%
1.48 1.19 4.88 1.38 2.10 0.90 1.09 0.70 1.32 1.13 1.35 21.80 1.06
Interest 0.25 0.19 0.20 0.18 0.18 0.22 0.18 0.25 0.16 0.13 0.11 0.25 0.26
Depreciation 2.02 1.74 1.73 1.56 1.61 1.38 1.45 1.46 1.43 1.37 1.22 1.15 1.40
Profit before tax -0.06 -0.52 4.44 -3.72 1.43 3.91 4.25 2.08 4.14 4.45 4.76 23.25 4.52
Tax % 400.00% 38.46% -5.41% -1.88% -27.97% -3.32% 36.94% -2.40% -6.52% 12.13% 11.76% 13.33% 9.07%
Net Profit 0.25 -0.27 4.70 -3.44 1.61 3.94 2.45 1.90 3.84 3.25 3.42 19.52 3.39
EPS in Rs 0.48 -0.51 8.87 -6.49 3.04 7.03 4.37 3.39 6.86 5.80 6.11 34.85 6.05

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
94 98 103 104 98 97 95 91 88 65 73 89 97
73 80 85 85 85 85 85 87 81 65 59 72 80
Operating Profit 21 19 19 19 14 12 9 4 7 0 14 17 18
OPM % 22% 19% 18% 19% 14% 12% 10% 4% 8% 1% 19% 19% 18%
3 4 3 4 3 3 4 -1 1 8 5 26 25
Interest 4 4 5 4 4 3 3 2 2 1 1 1 1
Depreciation 9 10 11 12 9 9 9 9 8 7 6 5 5
Profit before tax 11 9 6 7 4 3 1 -8 -1 0 12 37 37
Tax % 28% 26% 19% 23% -9% -13% -71% 11% 80% -469% 9% 11%
Net Profit 8 6 4 5 5 3 2 -6 -0 1 10 30 30
EPS in Rs 15.17 10.45 7.34 9.58 9.32 5.98 4.86 -12.39 -0.12 2.08 17.53 53.62 52.81
Dividend Payout % 13% 19% 24% 19% 19% 25% 31% -12% -1,560% 145% 29% 14%
Compounded Sales Growth
10 Years: -1%
5 Years: -1%
3 Years: 0%
TTM: 19%
Compounded Profit Growth
10 Years: 9%
5 Years: 41%
3 Years: 179%
TTM: 4%
Stock Price CAGR
10 Years: 26%
5 Years: 38%
3 Years: 78%
1 Year: 14%
Return on Equity
10 Years: 4%
5 Years: 3%
3 Years: 5%
Last Year: 10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
5 5 5 5 5 5 5 5 5 5 6 6
Reserves 90 87 90 93 93 95 97 91 91 91 105 132
39 40 36 32 24 22 16 12 7 6 5 7
34 45 43 41 41 42 42 40 43 35 31 42
Total Liabilities 167 178 174 171 162 164 160 147 146 137 147 186
74 93 86 84 70 74 66 58 54 45 39 44
CWIP 0 0 2 0 4 0 0 0 0 0 0 0
Investments 23 8 8 7 1 0 34 35 47 58 74 92
70 75 78 80 87 90 60 53 45 33 34 50
Total Assets 167 178 174 171 162 164 160 147 146 137 147 186

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
13 11 15 22 17 10 15 6 16 3 10 13
1 -11 -4 -4 4 -6 -33 -0 -13 -3 -12 -11
-14 -4 -10 -9 -12 -3 -11 -6 -2 -2 2 1
Net Cash Flow 1 -4 1 8 9 1 -29 -0 1 -2 0 3

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 55 54 61 66 69 68 54 63 54 66 54 57
Inventory Days 413 533 446 334 351 383 438 325 264 249 269 252
Days Payable 51 60 37 37 55 58 70 73 96 108 87 107
Cash Conversion Cycle 416 527 469 364 365 393 422 314 223 207 235 202
Working Capital Days 124 150 124 103 108 113 96 82 40 47 56 74
ROCE % 11% 10% 8% 9% 6% 5% 4% -0% 3% -3% 10% 12%

Shareholding Pattern

Numbers in percentages

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
46.95 46.95 46.95 46.95 49.79 49.79 49.79 49.79 49.79 49.79 49.79 49.79
0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.06 0.06 0.06 0.06 0.06
52.98 52.98 52.98 52.98 50.15 50.15 50.15 50.15 50.15 50.15 50.15 50.15

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