Sreeleathers Ltd

Sreeleathers Limited is engaged in the business of dealing in all kinds of footwear and leather accessories.

Pros:
Company has reduced debt.
Company is virtually debt free.
Company has good consistent profit growth of 23.93% over 5 years
Cons:
Though the company is reporting repeated profits, it is not paying out dividend
Company has a low return on equity of 6.59% for last 3 years.
Earnings include an other income of Rs.9.40 Cr.

Peer Comparison

Leather >> Leather / Leather Products
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Quarterly Results Figures in Rs. Crores

Dec 2015 Mar 2016 Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018
21.87 18.63 21.36 28.47 23.46 26.41 31.63 43.26 32.50 33.57 38.56 48.58
17.70 15.24 17.32 22.16 18.99 20.49 24.71 33.42 26.15 24.64 30.81 36.89
Operating Profit 4.17 3.39 4.04 6.31 4.47 5.92 6.92 9.84 6.35 8.93 7.75 11.69
OPM % 19.07% 18.20% 18.91% 22.16% 19.05% 22.42% 21.88% 22.75% 19.54% 26.60% 20.10% 24.06%
Other Income 0.55 0.81 0.22 0.90 0.00 0.18 0.11 0.19 1.39 0.24 0.10 7.67
Depreciation 0.31 0.31 0.31 0.31 0.31 0.31 0.31 0.31 0.32 0.32 0.32 0.30
Interest 0.09 -0.01 0.06 0.06 0.06 0.08 0.05 0.03 0.03 0.04 0.03 0.03
Profit before tax 4.32 3.90 3.89 6.84 4.10 5.71 6.67 9.69 7.39 8.81 7.50 19.03
Tax 1.54 1.31 1.41 2.31 1.53 1.89 2.36 3.28 2.48 3.06 2.25 5.35
Net Profit 2.78 2.59 2.48 4.54 2.57 3.81 4.31 6.41 4.91 5.75 5.26 13.68

Profit & Loss Figures in Rs. Crores

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 TTM
0.00 0.20 22.24 32.22 40.32 44.27 53.46 56.99 66.76 79.73 99.59 140.96 153.21
0.04 0.24 21.81 27.90 34.49 36.85 43.07 45.91 53.98 63.84 78.89 108.86 118.49
Operating Profit -0.04 -0.04 0.43 4.32 5.83 7.42 10.39 11.08 12.78 15.89 20.70 32.10 34.72
OPM % -20.00% 1.93% 13.41% 14.46% 16.76% 19.44% 19.44% 19.14% 19.93% 20.79% 22.77% 22.66%
Other Income 0.03 0.02 0.29 0.22 0.35 0.38 1.20 1.23 2.25 3.14 1.42 1.93 9.40
Interest 0.00 0.00 0.04 0.03 0.06 0.05 0.06 0.92 1.44 0.37 0.33 0.22 0.13
Depreciation 0.00 0.00 0.46 0.50 0.57 0.88 0.88 0.90 1.13 1.24 1.25 1.26 1.26
Profit before tax -0.01 -0.02 0.22 4.01 5.55 6.87 10.65 10.49 12.46 17.42 20.54 32.55 42.73
Tax % -0.00% -0.00% 40.91% 36.16% 34.05% 34.35% 30.80% 32.51% 32.26% 35.13% 34.76% 34.35%
Net Profit -0.01 -0.02 0.13 2.56 3.66 4.51 7.37 7.08 8.44 11.30 13.40 21.37 29.60
EPS in Rs 2.77 3.36 4.49 5.33 8.50
Dividend Payout % -0.00% -0.00% 96.77% 19.66% 34.37% 11.16% 8.53% 8.88% 0.00% 0.00% 0.00% 0.00%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:92.67%
5 Years:21.40%
3 Years:28.29%
TTM:22.80%
Compounded Profit Growth
10 Years:%
5 Years:23.93%
3 Years:40.10%
TTM:73.10%
Return on Equity
10 Years:4.17%
5 Years:5.56%
3 Years:6.59%
TTM:8.39%

Balance Sheet Figures in Rs. Crores

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Sep 2018
3.20 3.20 25.16 25.16 25.16 25.16 25.16 25.16 25.16 25.16 25.16 25.16 25.16
Reserves 0.44 0.42 141.17 143.15 145.34 149.27 155.91 162.26 170.70 182.00 204.08 229.90 250.20
Borrowings 0.00 0.00 1.00 0.00 0.00 0.02 0.02 0.01 0.01 2.77 2.77 1.10 1.15
0.01 0.02 5.64 5.98 9.91 7.05 8.88 20.70 10.94 11.94 14.94 32.26 31.10
Total Liabilities 3.65 3.64 172.97 174.29 180.41 181.50 189.97 208.13 206.81 221.87 246.95 288.42 307.61
0.86 0.86 157.44 157.15 159.20 158.38 157.59 157.06 160.48 159.25 158.10 156.92 151.53
CWIP 0.00 0.00 0.25 0.06 0.06 3.16 4.16 4.47 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.15 4.46 7.06 6.26 6.37 11.89 29.97 28.85 27.62 63.90 76.99 112.24
2.79 2.63 10.82 10.02 14.89 13.59 16.33 16.63 17.48 35.00 24.95 54.51 43.84
Total Assets 3.65 3.64 172.97 174.29 180.41 181.50 189.97 208.13 206.81 221.87 246.95 288.42 307.61

Cash Flows Figures in Rs. Crores

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
5.83 0.83 5.57 6.79 19.74 -1.22 8.59 14.19 27.80
-1.43 -2.83 -3.59 -5.05 -18.19 3.25 -6.38 -16.11 -4.14
-3.40 -0.58 -1.43 -0.59 -1.57 -2.10 -0.27 -0.28 -0.15
Net Cash Flow 1.00 -2.58 0.55 1.15 -0.02 -0.07 1.94 -2.20 23.50