Sreeleathers Ltd

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

Pros:
Company is virtually debt free.
Company has good consistent profit growth of 30.99% 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 8.07% for last 3 years.

Peer Comparison Sector: Leather // Industry: Leather / Leather Products

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Quarterly Results Figures in Rs. Crores

Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019
28 23 26 32 43 32 34 39 49 43 38 43
22 19 20 25 33 26 25 31 37 33 29 32
Operating Profit 6 4 6 7 10 6 9 8 12 9 9 11
OPM % 22% 19% 22% 22% 23% 20% 27% 20% 24% 22% 23% 25%
Other Income 1 0 0 0 0 1 0 0 8 2 -2 0
Interest 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 7 4 6 7 10 7 9 8 19 11 6 10
Tax % 34% 37% 33% 35% 34% 34% 35% 30% 28% 28% 37% 30%
Net Profit 5 3 4 4 6 5 6 5 14 8 4 7
EPS in Rs 1.80 1.02 1.83 1.71 2.55 1.95 2.28 2.09 5.44 3.22 1.61 2.90
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
0 22 32 40 44 53 57 67 80 100 141 168 172
0 22 28 34 37 43 46 54 64 79 109 130 132
Operating Profit -0 0 4 6 7 10 11 13 16 21 32 38 41
OPM % -20% 2% 13% 14% 17% 19% 19% 19% 20% 21% 23% 22% 24%
Other Income 0 0 0 0 0 1 1 2 3 1 2 8 8
Interest 0 0 0 0 0 0 1 1 0 0 0 0 0
Depreciation 0 0 0 1 1 1 1 1 1 1 1 1 1
Profit before tax -0 0 4 6 7 11 10 12 17 21 33 44 47
Tax % -0% 41% 36% 34% 34% 31% 33% 32% 35% 35% 34% 30%
Net Profit -0 0 3 4 5 7 7 8 11 13 21 31 33
EPS in Rs 2.77 3.36 4.49 5.33 8.50 12.36 13.17
Dividend Payout % -0% 97% 20% 34% 11% 9% 9% 0% 0% 0% 0% 0%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:22.39%
5 Years:24.11%
3 Years:28.15%
TTM:16.36%
Compounded Profit Growth
10 Years:69.79%
5 Years:30.99%
3 Years:35.64%
TTM:48.32%
Stock Price CAGR
10 Years:%
5 Years:-7.34%
3 Years:11.68%
1 Year:-0.71%
Return on Equity
10 Years:5.07%
5 Years:6.83%
3 Years:8.07%
Last Year:9.51%

Balance Sheet Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
3 25 25 25 25 25 25 25 25 25 25 25
Reserves 0 141 143 145 149 156 162 171 182 204 230 264
Borrowings 0 1 0 0 0 0 0 0 3 3 1 1
0 6 6 10 7 9 21 11 12 15 32 27
Total Liabilities 4 173 174 180 182 190 208 207 222 247 288 318
1 157 157 159 158 158 157 160 159 158 157 151
CWIP 0 0 0 0 3 4 4 0 0 0 0 0
Investments 0 4 7 6 6 12 30 29 28 64 77 130
3 11 10 15 14 16 17 17 35 25 55 37
Total Assets 4 173 174 180 182 190 208 207 222 247 288 318

Cash Flows Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
6 1 6 7 20 -1 9 14 28 14
-1 -3 -4 -5 -18 3 -6 -16 -4 -32
-3 -1 -1 -1 -2 -2 -0 -0 -0 -0
Net Cash Flow 1 -3 1 1 -0 -0 2 -2 24 -18

Ratios Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % -1% 0% 2% 3% 4% 6% 6% 6% 8% 9% 13% 14%
Debtor Days 0 15 8 20 21 19 15 3 1 3 1 1
Inventory Turnover 0.15 13.04 13.31 11.03 11.13 13.97 13.01 12.03 10.68 11.18 14.01 13.44