Sreeleathers Ltd

Sreeleathers Ltd

₹ 307 1.27%
22 Apr 12:47 p.m.
About

Incorporated in 1991, Sreeleathers Ltd manufactures and sells footwear along with allied products and accessories

Key Points

Business Overview:[1]
Company deals in Leather and Non-Leather footwear and accessories with distribution network comprising of exclusive stores and
26 dealers
Company has three operational business units, two in Kolkata and one in Jaipur.[2]

  • Market Cap 711 Cr.
  • Current Price 307
  • High / Low 436 / 182
  • Stock P/E 24.7
  • Book Value 171
  • Dividend Yield 0.00 %
  • ROCE 9.80 %
  • ROE 7.23 %
  • Face Value 10.0

Pros

  • Company is almost debt free.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 7.21% over past five years.
  • Company has a low return on equity of 5.34% over last 3 years.

* 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: Trading Industry: Trading

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
32.55 33.65 12.45 33.11 41.14 35.16 44.91 59.12 47.33 48.29 49.63 60.28 58.16
25.29 26.76 10.69 25.62 32.40 29.59 37.14 49.62 38.39 38.78 40.54 48.20 48.49
Operating Profit 7.26 6.89 1.76 7.49 8.74 5.57 7.77 9.50 8.94 9.51 9.09 12.08 9.67
OPM % 22.30% 20.48% 14.14% 22.62% 21.24% 15.84% 17.30% 16.07% 18.89% 19.69% 18.32% 20.04% 16.63%
0.16 0.18 0.10 0.14 0.16 0.18 0.12 0.19 0.12 0.16 0.11 0.15 0.15
Interest 0.00 0.31 0.08 0.09 0.09 0.19 0.10 0.11 0.11 0.13 0.12 0.14 0.16
Depreciation 0.23 0.51 0.26 0.26 0.26 0.36 0.28 0.28 0.36 0.35 0.35 0.34 0.34
Profit before tax 7.19 6.25 1.52 7.28 8.55 5.20 7.51 9.30 8.59 9.19 8.73 11.75 9.32
Tax % 25.59% 26.24% 26.97% 25.82% 25.73% 29.04% 25.43% 26.02% 25.49% 26.77% 25.77% 25.79% 26.39%
5.35 4.61 1.11 5.40 6.35 3.68 5.60 6.88 6.41 6.73 6.48 8.73 6.86
EPS in Rs 2.13 1.99 0.48 2.33 2.74 1.59 2.42 2.97 2.77 2.91 2.80 3.77 2.96
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
44 53 57 67 80 100 141 168 173 83 122 200 216
37 43 46 54 64 79 109 130 133 67 98 164 176
Operating Profit 7 10 11 13 16 21 32 38 40 16 24 36 40
OPM % 17% 19% 19% 19% 20% 21% 23% 22% 23% 20% 19% 18% 19%
0 1 1 2 3 1 2 8 0 0 1 1 1
Interest 0 0 1 1 0 0 0 0 0 0 0 0 1
Depreciation 1 1 1 1 1 1 1 1 1 1 1 1 1
Profit before tax 7 11 10 12 17 21 33 44 39 15 23 35 39
Tax % 34% 31% 33% 32% 35% 35% 34% 30% 26% 26% 27% 26%
5 7 7 8 11 13 21 31 29 11 17 26 29
EPS in Rs 2.93 2.81 3.36 4.49 5.33 8.50 12.36 11.43 4.81 7.14 11.06 12.44
Dividend Payout % 11% 9% 9% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 14%
5 Years: 7%
3 Years: 5%
TTM: 16%
Compounded Profit Growth
10 Years: 14%
5 Years: 5%
3 Years: -4%
TTM: 28%
Stock Price CAGR
10 Years: 1%
5 Years: 7%
3 Years: 30%
1 Year: 53%
Return on Equity
10 Years: 6%
5 Years: 7%
3 Years: 5%
Last Year: 7%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 25 25 25 25 25 25 25 25 25 23 23 23 23
Reserves 149 156 162 171 182 204 230 264 299 291 314 349 374
0 0 0 0 3 3 1 1 0 3 3 3 3
7 9 21 11 12 15 32 26 15 13 14 19 21
Total Liabilities 182 190 208 207 222 247 288 317 339 330 355 394 421
158 158 157 160 159 158 157 151 150 152 152 151 151
CWIP 3 4 4 0 0 0 0 0 0 0 0 0 0
Investments 6 12 30 29 28 64 77 130 167 159 182 219 242
14 16 17 17 35 25 55 36 21 19 21 23 28
Total Assets 182 190 208 207 222 247 288 317 339 330 355 394 421

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
6 7 20 -1 9 14 28 15 29 11 17 29
-4 -5 -18 3 -6 -16 -4 -32 -34 25 -16 -25
-1 -1 -2 -2 -0 -0 -0 -2 0 -33 -1 -1
Net Cash Flow 1 1 -0 -0 2 -2 24 -18 -5 2 0 4

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 21 19 15 3 1 3 1 1 1 2 1 1
Inventory Days 37 41 40 51 53 50 39 44 43 69 53 35
Days Payable 24 26 25 15 22 25 15 21 22 35 26 19
Cash Conversion Cycle 34 34 29 40 32 28 24 23 22 35 28 17
Working Capital Days 22 23 -56 9 12 16 -11 14 12 21 16 6
ROCE % 4% 6% 6% 6% 8% 9% 13% 14% 13% 5% 7% 10%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
72.29% 72.29% 72.31% 74.62% 74.91% 74.91% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00%
3.50% 5.03% 5.13% 5.26% 5.16% 5.17% 5.31% 5.28% 5.44% 6.14% 6.90% 6.92%
0.21% 0.22% 0.22% 0.21% 0.21% 0.21% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
24.00% 22.46% 22.34% 19.91% 19.72% 19.71% 19.68% 19.72% 19.57% 18.86% 18.10% 18.08%
No. of Shareholders 6,7757,7247,3527,4797,6308,1078,3898,5078,7358,4849,44410,095

* 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.

Click on the line-items to see the names of individual entities.

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