Singer India Ltd

₹ 82.2 -2.55%

12 Dec 1:12 p.m.

About

Incorporated in 1977, Singer India Ltd is in the business of trading /manufacturing of sewing machines, related accessories and also in trading of domestic appliances^[1]

Key Points

Business Overview:^[1]^[2]
The Singer Company Ltd S.a.r.l. and Singer Sourcing LLC, are both affiliates of ~SVP Worldwide.

It is an ISO 9001:2015 certified company having 2 major business segments – Sewing Products and Home appliances. Company assembles and trades sewing machines and home appliances in India under the Singer and the Merritt brands.

Website BSE

Market Cap ₹ 507 Cr.
Current Price ₹ 82.2
High / Low ₹ 121 / 76.2
Stock P/E 102
Book Value ₹ 24.4
Dividend Yield 0.00 %
ROCE 4.26 %
ROE 2.89 %
Face Value ₹ 2.00

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Pros

Company is almost debt free.

Cons

Stock is trading at 3.43 times its book value
Though the company is reporting repeated profits, it is not paying out dividend
The company has delivered a poor sales growth of -2.51% over past five years.
Promoter holding is low: 31.0%
Company has a low return on equity of 4.47% over last 3 years.
Earnings include an other income of Rs.6.33 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

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	127.71	127.21	124.78	109.53	114.79	121.35	114.63	104.60	104.86	102.47	113.48	98.69	105.76
	124.26	123.49	121.46	108.51	112.84	121.79	115.29	105.61	104.99	102.04	111.33	98.72	105.05
Operating Profit	3.45	3.72	3.32	1.02	1.95	-0.44	-0.66	-1.01	-0.13	0.43	2.15	-0.03	0.71
OPM %	2.70%	2.92%	2.66%	0.93%	1.70%	-0.36%	-0.58%	-0.97%	-0.12%	0.42%	1.89%	-0.03%	0.67%
	0.48	0.46	0.04	0.85	7.71	1.62	1.51	1.86	2.55	1.36	1.89	1.47	1.61
Interest	0.17	0.27	0.14	0.09	0.19	0.20	0.11	0.07	0.10	0.09	0.08	0.06	0.10
Depreciation	0.55	0.53	0.51	0.50	0.52	0.51	0.48	0.57	0.69	0.69	0.68	0.63	0.55
Profit before tax	3.21	3.38	2.71	1.28	8.95	0.47	0.26	0.21	1.63	1.01	3.28	0.75	1.67
Tax %	25.55%	22.19%	12.18%	25.00%	26.26%	-8.51%	3.85%	23.81%	25.77%	20.79%	28.96%	25.33%	23.95%
	2.39	2.63	2.38	0.96	6.60	0.51	0.25	0.16	1.21	0.80	2.33	0.56	1.27
EPS in Rs	0.44	0.49	0.44	0.18	1.23	0.09	0.04	0.03	0.20	0.13	0.38	0.09	0.21
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2013	Jun 2014	Jun 2015	Mar 2016 9m	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	194	240	281	236	369	422	483	451	415	453	460	425	420
	187	231	272	228	358	408	467	436	396	443	458	424	417
Operating Profit	6	9	9	8	11	14	16	15	19	10	2	2	3
OPM %	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	6
Interest	0	0	0	0	0	1	2	3	2	1	1	1	0
Depreciation	1	1	1	1	1	1	1	4	3	2	2	3	3
Profit before tax	9	9	10	9	11	13	15	12	16	10	11	6	7
Tax %	-64%	24%	33%	33%	32%	29%	37%	35%	34%	21%	24%	27%
	15	7	6	6	8	9	9	8	11	8	8	4	5
EPS in Rs	2.85	1.30	1.19	1.11	1.42	1.67	1.72	1.51	1.98	1.43	1.36	0.74	0.81
Dividend Payout %	11%	23%	42%	45%	49%	45%	46%	-0%	51%	70%	-0%	-0%

Compounded Sales Growth
10 Years:	8%
5 Years:	-3%
3 Years:	1%
TTM:	-6%

Compounded Profit Growth
10 Years:	-12%
5 Years:	-15%
3 Years:	-27%
TTM:	133%

Stock Price CAGR
10 Years:	7%
5 Years:	26%
3 Years:	8%
1 Year:	-30%

Return on Equity
10 Years:	10%
5 Years:	7%
3 Years:	4%
Last Year:	3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2013	Jun 2014	Jun 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	11	11	11	11	11	11	11	11	11	11	12	12	12
Reserves	27	31	35	37	42	46	48	54	61	66	124	132	137
	-0	0	-0	-0	3	14	22	20	2	3	2	2	2
	33	41	50	56	62	76	88	84	97	94	85	103	79
Total Liabilities	71	83	95	104	118	147	169	168	171	174	223	249	231
	12	12	12	12	12	12	12	12	11	8	9	8	7
CWIP	-0	-0	-0	0	-0	-0	-0	-0	-0	0	0	0	0
Investments	-0	-0	-0	-0	-0	-0	2	2	2	2	2	2	2
	59	72	84	91	106	135	155	154	158	164	212	239	221
Total Assets	71	83	95	104	118	147	169	168	171	174	223	249	231

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2013	Jun 2014	Jun 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	-1	4	4	4	-7	-5	0	17	29	14	-1	1
	1	-1	-4	-1	5	-1	-2	-2	-4	7	-47	19
	-0	-2	-2	-3	-3	-5	-9	-6	-6	-4	49	-2
Net Cash Flow	0	2	-3	-0	-5	-11	-10	9	18	16	2	19

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2013	Jun 2014	Jun 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	25	29	33	36	34	42	50	46	42	40	31	30
Inventory Days	48	46	48	78	70	74	73	80	94	77	82	118
Days Payable	26	48	51	73	58	69	70	74	87	67	62	86
Cash Conversion Cycle	47	27	30	41	45	47	53	53	49	50	52	62
Working Capital Days	8	12	14	22	31	42	46	49	39	35	36	44
ROCE %	37%	24%	23%	20%	23%	22%	21%	18%	23%	14%	4%	4%

Shareholding Pattern

Numbers in percentages

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	57.65%	57.65%	57.65%	35.31%	35.31%	31.00%	31.00%	31.00%	31.00%	31.00%	31.00%	31.00%
	0.93%	0.93%	0.93%	0.00%	0.00%	4.30%	4.30%	4.30%	3.56%	3.17%	2.58%	0.00%
	0.88%	0.88%	0.88%	0.88%	0.88%	0.77%	0.77%	0.77%	0.77%	0.77%	0.77%	0.77%
	40.54%	40.54%	40.54%	63.82%	63.81%	63.93%	63.93%	63.93%	64.68%	65.08%	65.67%	68.23%
No. of Shareholders	16,494	16,911	17,345	29,696	26,395	25,739	23,785	23,990	25,745	26,068	25,799	25,927

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	72.40%	60.81%	59.07%	58.99%	58.99%	57.65%	31.00%	31.00%	31.00%
	0.22%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.93%	4.30%	3.17%	0.00%
	1.10%	0.88%	0.88%	0.88%	0.88%	0.88%	0.77%	0.77%	0.77%
	26.28%	38.32%	40.05%	40.13%	40.14%	40.54%	63.93%	65.08%	68.23%
No. of Shareholders	11,118	14,736	15,612	15,504	13,732	16,911	25,739	26,068	25,927

* 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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Singer India Ltd

Singer India Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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