Singer India Ltd

₹ 115 0.70%

06 Dec - close price

About

Singer India is engaged in the business of trading & manufacturing of sewing machines, related accessories and in trading of domestic appliances.^[1]

Key Points

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]

Website BSE

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

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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

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023
	106.19	127.32	130.07	73.28	127.71	127.21	124.78	109.53	114.79	121.35	114.63	104.60	104.86
	100.39	120.18	123.61	73.87	124.26	123.49	121.46	108.51	112.84	121.79	115.29	105.61	104.99
Operating Profit	5.80	7.14	6.46	-0.59	3.45	3.72	3.32	1.02	1.95	-0.44	-0.66	-1.01	-0.13
OPM %	5.46%	5.61%	4.97%	-0.81%	2.70%	2.92%	2.66%	0.93%	1.70%	-0.36%	-0.58%	-0.97%	-0.12%
	0.61	0.84	0.92	1.84	0.48	0.46	0.04	0.85	7.71	1.62	1.51	1.86	2.55
Interest	0.21	0.04	0.36	0.18	0.17	0.27	0.14	0.09	0.19	0.20	0.11	0.07	0.10
Depreciation	0.74	0.72	0.84	0.69	0.55	0.53	0.51	0.50	0.52	0.51	0.48	0.57	0.69
Profit before tax	5.46	7.22	6.18	0.38	3.21	3.38	2.71	1.28	8.95	0.47	0.26	0.21	1.63
Tax %	41.21%	41.97%	20.39%	26.32%	25.55%	22.19%	12.18%	25.00%	26.26%	-8.51%	3.85%	23.81%	25.77%
	3.21	4.19	4.92	0.28	2.39	2.63	2.38	0.96	6.60	0.51	0.25	0.16	1.21
EPS in Rs	0.60	0.78	0.92	0.05	0.44	0.49	0.44	0.18	1.23	0.09	0.04	0.03	0.20
Raw PDF

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%

Shareholding Pattern

Numbers in percentages

2 Recently

	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023
	58.99%	58.99%	58.99%	58.99%	57.65%	57.65%	57.65%	35.31%	35.31%	31.00%	31.00%	31.00%
	0.00%	0.00%	0.00%	0.00%	0.93%	0.93%	0.93%	0.00%	0.00%	4.30%	4.30%	4.30%
	0.88%	0.88%	0.88%	0.88%	0.88%	0.88%	0.88%	0.88%	0.88%	0.77%	0.77%	0.77%
	40.13%	40.14%	40.14%	40.14%	40.54%	40.54%	40.54%	63.82%	63.81%	63.93%	63.93%	63.93%
No. of Shareholders	15,402	13,732	15,614	17,299	16,494	16,911	17,345	29,696	26,395	25,739	23,785	23,990

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
	72.40%	60.81%	59.07%	58.99%	58.99%	57.65%	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%	0.93%	4.30%	4.30%
	1.10%	0.88%	0.88%	0.88%	0.88%	0.88%	0.77%	0.77%
	26.28%	38.32%	40.05%	40.13%	40.14%	40.54%	63.93%	63.93%
No. of Shareholders	11,118	14,736	15,612	15,504	13,732	16,911	25,739	23,990

* 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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