Singer India Ltd
Singer India is engaged in the business of trading & manufacturing of sewing machines, related accessories and in trading of domestic appliances.[1]
- Market Cap ₹ 703 Cr.
- Current Price ₹ 115
- High / Low ₹ 134 / 57.9
- Stock P/E 330
- Book Value ₹ 22.7
- Dividend Yield 0.00 %
- ROCE 4.11 %
- ROE 2.71 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
Cons
- Stock is trading at 5.07 times its book value
- The company has delivered a poor sales growth of 1.78% over past five years.
- Promoter holding is low: 31.0%
- Company has a low return on equity of 8.39% over last 3 years.
- Earnings include an other income of Rs.7.54 Cr.
- Promoter holding has decreased over last 3 years: -28.0%
* 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: Engineering Industry: Engineering
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Jun 2012 | Jun 2013 | Jun 2014 | Jun 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
153 | 194 | 240 | 281 | 236 | 369 | 422 | 483 | 451 | 415 | 453 | 460 | 445 | |
145 | 187 | 231 | 272 | 228 | 358 | 408 | 467 | 436 | 396 | 443 | 458 | 448 | |
Operating Profit | 8 | 6 | 9 | 9 | 8 | 11 | 14 | 16 | 15 | 19 | 10 | 2 | -2 |
OPM % | 5% | 3% | 4% | 3% | 3% | 3% | 3% | 3% | 3% | 4% | 2% | 0% | -0% |
1 | 4 | 2 | 2 | 2 | 2 | 1 | 2 | 4 | 3 | 3 | 12 | 8 | |
Interest | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 3 | 2 | 1 | 1 | 0 |
Depreciation | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 4 | 3 | 2 | 2 | 2 |
Profit before tax | 9 | 9 | 9 | 10 | 9 | 11 | 13 | 15 | 12 | 16 | 10 | 11 | 3 |
Tax % | -19% | -64% | 24% | 33% | 33% | 32% | 29% | 37% | 35% | 34% | 21% | 24% | |
10 | 15 | 7 | 6 | 6 | 8 | 9 | 9 | 8 | 11 | 8 | 8 | 2 | |
EPS in Rs | 1.90 | 2.85 | 1.30 | 1.19 | 1.11 | 1.42 | 1.67 | 1.72 | 1.51 | 1.98 | 1.43 | 1.36 | 0.36 |
Dividend Payout % | -0% | 11% | 23% | 42% | 45% | 49% | 45% | 46% | -0% | 51% | 70% | -0% |
Compounded Sales Growth | |
---|---|
10 Years: | 12% |
5 Years: | 2% |
3 Years: | 1% |
TTM: | -6% |
Compounded Profit Growth | |
---|---|
10 Years: | -12% |
5 Years: | -20% |
3 Years: | -29% |
TTM: | -71% |
Stock Price CAGR | |
---|---|
10 Years: | 20% |
5 Years: | 25% |
3 Years: | 41% |
1 Year: | 64% |
Return on Equity | |
---|---|
10 Years: | 14% |
5 Years: | 10% |
3 Years: | 8% |
Last Year: | 3% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Jun 2012 | Jun 2013 | Jun 2014 | Jun 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 12 | 12 |
Reserves | 4 | 27 | 31 | 35 | 37 | 42 | 46 | 48 | 54 | 61 | 66 | 124 | 126 |
-0 | -0 | 0 | -0 | -0 | 3 | 14 | 22 | 20 | 2 | 3 | 2 | 3 | |
31 | 33 | 41 | 50 | 56 | 62 | 76 | 88 | 84 | 97 | 94 | 85 | 78 | |
Total Liabilities | 45 | 71 | 83 | 95 | 104 | 118 | 147 | 169 | 168 | 171 | 174 | 223 | 219 |
2 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 11 | 8 | 9 | 9 | |
CWIP | -0 | -0 | -0 | -0 | 0 | -0 | -0 | -0 | -0 | -0 | 0 | 0 | 0 |
Investments | -0 | -0 | -0 | -0 | -0 | -0 | -0 | 2 | 2 | 2 | 2 | 2 | 2 |
43 | 59 | 72 | 84 | 91 | 106 | 135 | 155 | 154 | 158 | 164 | 212 | 208 | |
Total Assets | 45 | 71 | 83 | 95 | 104 | 118 | 147 | 169 | 168 | 171 | 174 | 223 | 219 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Jun 2012 | Jun 2013 | Jun 2014 | Jun 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
5 | -1 | 4 | 4 | 4 | -7 | -5 | 0 | 17 | 29 | 14 | -1 | |
1 | 1 | -1 | -4 | -1 | 5 | -1 | -2 | -2 | -4 | 7 | -47 | |
-1 | -0 | -2 | -2 | -3 | -3 | -5 | -9 | -6 | -6 | -4 | 49 | |
Net Cash Flow | 5 | 0 | 2 | -3 | -0 | -5 | -11 | -10 | 9 | 18 | 16 | 2 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Jun 2012 | Jun 2013 | Jun 2014 | Jun 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 14 | 25 | 29 | 33 | 36 | 34 | 42 | 50 | 46 | 42 | 40 | 31 |
Inventory Days | 56 | 48 | 46 | 48 | 78 | 70 | 74 | 73 | 80 | 94 | 77 | 82 |
Days Payable | 28 | 26 | 48 | 51 | 73 | 58 | 69 | 70 | 74 | 87 | 67 | 62 |
Cash Conversion Cycle | 42 | 47 | 27 | 30 | 41 | 45 | 47 | 53 | 53 | 49 | 50 | 52 |
Working Capital Days | -4 | 8 | 12 | 14 | 22 | 31 | 42 | 46 | 49 | 39 | 35 | 36 |
ROCE % | 90% | 37% | 24% | 23% | 20% | 23% | 22% | 21% | 18% | 23% | 14% | 4% |
Documents
Announcements
- Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015 Of Appointment Of Senior Management Personnel (SMP). 24 Nov
- Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015 For Resignation Of Senior Management Personnel (SMP). 22 Nov
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Announcement under Regulation 30 (LODR)-Newspaper Publication
7 Nov - Newspaper advertisement for the publication of the Un-audited Financial Results of the Company for the quarter and half year ended on September 30,2023
- Disclosure Of Related Party Transactions For The Half Year Ended 30Th September 2023. 6 Nov
- Regulation 32(1) Of The SEBI (LODR) Regulations, 2015 Read With SEBI Circular No. CIR/CFD/CMD1/162/2019 Dated December 24, 2019 6 Nov
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Business Segments
Sewing Machines Business (~68% of Total Revenues in FY21): [1]
The company is one of the largest players in the local sewing machines industry with a market share of ~42% in the branded sector and ~24% market share of the total market. Its product portfolio includes various kinds of models such as the zig-zag model, straight stitch model, artisan model, industrial model, etc. [2]