Sportking India Ltd

₹ 706 -0.54%
27 Jan - close price
sportking.co.in BSE: 539221 NSE : SPORTKING
About

Sportking India Limited, a part of the Sportking Group, is a textile manufacturing company engaged in the production of Yarns (Cotton Yarn, Synthetic Yarn, Blended Yarn), fabrics and garments. [1][2]

Key Points

Products
The Yarn business is the largest strategic business unit of the company which manufactures Cotton Yarns, Poly-Cotton Yarns, Fancy Yarns, Acrylic Yarns and Polyester Yarns. The Co also supplies knitted fabric (Single Jersey, French Terry, Fleece etc.) and manufactures garments for Men, Women, Girls and Boys that are made available to customers through their own Retail Outlets. [1]
The company consumes about 4 lakhs bales of cotton every year (will increase to 6 lakh bales after expansion) and is, therefore, one of the largest buyers of cotton in India.[2]

Website BSE NSE
  • Market Cap ₹ 939 Cr.
  • Current Price ₹ 706
  • High / Low ₹ 1,540 / 637
  • Stock P/E 3.10
  • Book Value ₹ 640
  • Dividend Yield 0.00 %
  • ROCE 57.6 %
  • ROE 84.4 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Stock is trading at 1.10 times its book value
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 79.8% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 55.5%

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend

* 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 - Spinning - Synthetic / Blended

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Quarterly Results

Figures in Rs. Crores

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
349.39 343.79 324.19 220.64 320.93 351.31 413.37 449.59 524.00 587.05 593.37 606.32 552.14
316.87 308.86 293.77 197.69 294.68 291.30 311.77 324.62 369.33 424.19 439.48 472.17 503.24
Operating Profit 32.52 34.93 30.42 22.95 26.25 60.01 101.60 124.97 154.67 162.86 153.89 134.15 48.90
OPM % 9.31% 10.16% 9.38% 10.40% 8.18% 17.08% 24.58% 27.80% 29.52% 27.74% 25.93% 22.13% 8.86%
-0.22 1.00 0.06 2.29 6.97 4.97 -17.57 2.22 9.79 6.26 5.89 0.96 -26.43
Interest 14.45 14.46 13.93 11.68 9.95 8.30 7.82 8.77 6.44 3.90 10.17 8.86 5.58
Depreciation 16.75 14.89 15.19 13.05 13.02 12.99 12.67 12.69 11.14 10.18 9.85 9.79 10.27
Profit before tax 1.10 6.58 1.36 0.51 10.25 43.69 63.54 105.73 146.88 155.04 139.76 116.46 6.62
Tax % 20.00% 33.13% 8.09% 29.41% 7.12% 30.58% 30.25% 25.29% 24.99% 25.10% 25.62% 28.66% 100.00%
Net Profit 0.88 4.40 1.24 0.36 9.51 30.33 44.33 78.99 110.17 116.13 103.96 83.08 0.01
EPS in Rs 0.62 3.10 0.87 0.25 6.70 21.36 33.33 59.39 82.91 87.40 78.24 62.53 0.01
Raw PDF

Profit & Loss

Figures in Rs. Crores

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
410 762 859 1,064 1,127 1,035 1,010 1,053 1,160 1,354 1,305 2,153 2,339
344 705 724 895 993 909 892 952 1,031 1,218 1,094 1,554 1,839
Operating Profit 66 56 135 170 134 126 118 101 129 136 211 599 500
OPM % 16% 7% 16% 16% 12% 12% 12% 10% 11% 10% 16% 28% 21%
8 7 2 1 17 4 14 13 2 3 -3 24 -13
Interest 16 53 71 81 79 51 40 29 39 58 38 32 29
Depreciation 14 26 41 47 70 59 58 56 54 63 52 44 40
Profit before tax 45 -15 25 43 3 20 35 29 38 18 118 547 418
Tax % 34% -70% -30% 36% -204% 44% 37% 34% 36% 32% 28% 25%
Net Profit 29 -26 32 27 8 11 22 19 24 12 85 409 303
EPS in Rs 20.56 -18.36 22.65 19.32 5.65 8.01 15.34 13.49 16.92 8.70 63.56 308.00 228.18
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 11%
5 Years: 16%
3 Years: 23%
TTM: 35%
Compounded Profit Growth
10 Years: 33%
5 Years: 80%
3 Years: 157%
TTM: 9%
Stock Price CAGR
10 Years: %
5 Years: 130%
3 Years: 113%
1 Year: -52%
Return on Equity
10 Years: 32%
5 Years: 42%
3 Years: 56%
Last Year: 84%

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
9 12 12 12 12 12 3 3 3 3 3 13 13
Reserves 76 76 108 136 142 153 179 198 237 190 276 677 837
288 386 589 668 529 562 592 479 505 573 504 538 207
167 257 81 119 104 92 95 143 360 199 249 327 202
Total Liabilities 534 722 781 927 778 811 869 823 1,105 966 1,032 1,554 1,259
204 370 429 497 442 399 340 293 471 466 417 382 534
CWIP 61 30 2 1 10 2 7 24 33 0 0 73 52
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
269 322 350 429 326 410 521 507 601 499 615 1,099 673
Total Assets 534 722 781 927 778 811 869 823 1,105 966 1,032 1,554 1,259

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
63 79 64 98 243 23 111 139 97 148 103 96
-176 -157 -68 -107 -25 -10 -5 -37 -106 -142 -3 -103
114 82 3 4 -219 -13 -108 -101 8 -5 -101 7
Net Cash Flow 1 5 -0 -5 -2 0 -2 0 -0 1 -1 -0

Ratios

Figures in Rs. Crores

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 41 42 33 34 21 17 55 46 61 48 59 70
Inventory Days 236 111 129 131 78 146 173 148 150 85 129 163
Days Payable 175 123 11 17 14 10 12 42 83 31 40 39
Cash Conversion Cycle 102 31 152 147 85 153 216 151 128 102 148 194
Working Capital Days 74 23 106 101 67 104 144 103 59 92 126 137
ROCE % 21% 9% 16% 16% 11% 10% 10% 8% 11% 10% 23% 58%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
69.18 69.18 69.18 74.16 74.16 74.16 74.06 74.11 74.15 74.15 74.15 74.15
0.00 0.00 0.00 0.00 0.00 0.00 0.22 0.00 0.00 0.00 0.00 0.00
30.82 30.82 30.82 25.84 25.84 25.84 25.73 25.89 25.85 25.85 25.86 25.85

* 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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