Sumeet Industries Ltd

₹ 8.80 2.92%
May 17 - close price
About

Sumeet Industries is engaged in the business of manufacturing and exporting Polyester Yarn (POY and FDY), Polyester Chips and Texturizing Yarn.

  • Market Cap 92.1 Cr.
  • Current Price 8.80
  • High / Low 14.4 / 4.25
  • Stock P/E 3.98
  • Book Value 2.52
  • Dividend Yield 0.00 %
  • ROCE -1.11 %
  • ROE -7.95 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter

Cons

  • Stock is trading at 3.49 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -11.49% over past five years.
  • Promoter holding is low: 21.67%
  • Company has a low return on equity of -27.49% for last 3 years.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.19.30 Cr.
  • Debtor days have increased from 44.02 to 56.96 days.

* 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 - Manmade

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021
218.39 193.48 194.41 167.00 152.04 52.52 107.65 182.10 231.59 183.49 222.94 204.45
214.69 180.85 181.41 165.95 154.00 53.58 113.40 168.78 214.10 169.64 206.64 196.93
Operating Profit 3.70 12.63 13.00 1.05 -1.96 -1.06 -5.75 13.32 17.49 13.85 16.30 7.52
OPM % 1.69% 6.53% 6.69% 0.63% -1.29% -2.02% -5.34% 7.31% 7.55% 7.55% 7.31% 3.68%
-33.86 0.35 0.21 0.20 3.06 0.06 0.10 1.15 1.60 0.35 0.55 16.80
Interest 25.39 6.99 13.18 11.64 9.57 0.49 0.26 0.03 2.39 6.28 7.07 7.48
Depreciation 18.48 6.92 7.18 7.05 19.08 8.73 8.80 8.82 9.44 7.81 7.91 7.92
Profit before tax -74.03 -0.93 -7.15 -17.44 -27.55 -10.22 -14.71 5.62 7.26 0.11 1.87 8.92
Tax % 10.00% 0.00% 0.00% 0.00% 23.81% 0.00% 0.00% 0.00% -68.60% 0.00% 0.00% 0.00%
Net Profit -66.62 -0.93 -7.15 -17.44 -20.99 -10.23 -14.71 5.62 12.24 0.11 1.87 8.92
EPS in Rs -6.43 -0.09 -0.69 -1.68 -2.03 -0.99 -1.42 0.54 1.18 0.01 0.18 0.86

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
364 820 824 1,158 1,108 931 1,052 1,198 1,047 832 707 572 842
346 767 761 1,076 1,010 857 967 1,082 962 792 676 545 787
Operating Profit 18 54 64 82 98 74 86 116 85 41 31 27 55
OPM % 5% 7% 8% 7% 9% 8% 8% 10% 8% 5% 4% 5% 7%
13 8 -5 -11 -16 6 6 7 9 -56 -2 0 19
Interest 8 8 11 22 31 35 43 48 49 62 41 3 23
Depreciation 6 12 12 20 25 20 20 20 53 47 40 36 33
Profit before tax 17 41 35 29 27 25 28 55 -7 -124 -53 -12 18
Tax % 34% 17% 32% 34% 34% 26% 41% 33% 53% 6% 12% 41%
Net Profit 11 34 24 19 18 18 17 37 -3 -117 -47 -7 23
EPS in Rs 1.55 4.78 2.32 1.84 1.70 1.78 1.63 3.55 -0.31 -11.25 -4.49 -0.68 2.23
Dividend Payout % 36% 12% 10% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -4%
5 Years: -11%
3 Years: -18%
TTM: 70%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -13%
TTM: 157%
Stock Price CAGR
10 Years: -6%
5 Years: -21%
3 Years: 42%
1 Year: 80%
Return on Equity
10 Years: 1%
5 Years: -7%
3 Years: -27%
Last Year: -8%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Sep 2021
50 50 68 68 78 78 88 58 113 134 134 134 104
Reserves 28 57 109 126 143 161 183 224 257 -29 -75 -82 -78
Borrowings 247 242 383 404 475 442 461 474 394 491 509 496 514
45 64 76 194 186 224 234 171 218 189 146 134 101
Total Liabilities 359 403 626 782 862 885 937 927 951 754 683 652 641
186 189 191 384 401 426 410 402 359 310 276 242 227
CWIP 4 3 173 10 31 0 4 0 1 0 0 0 0
Investments 1 1 1 1 16 25 26 30 32 34 26 22 22
169 211 262 387 415 434 496 495 558 410 381 388 392
Total Assets 359 403 626 782 862 885 937 927 951 754 683 652 641

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
-38 -23 -30 45 2 63 11 58 4 -77 90 22
-44 -12 -170 -47 -75 -21 -17 -3 -7 5 -0 1
120 3 196 21 72 -34 6 -51 -2 51 -100 -23
Net Cash Flow 38 -31 -4 18 -1 8 1 5 -4 -21 -11 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 39 29 30 37 40 56 61 47 72 38 37 57
Inventory Days 74 48 68 70 79 97 79 83 104 97 116 145
Days Payable 12 5 11 47 39 64 45 24 38 43 35 39
Cash Conversion Cycle 101 71 87 59 80 89 95 107 138 92 118 163
Working Capital Days 106 75 97 68 84 97 110 103 133 115 141 180
ROCE % 9% 15% 10% 9% 9% 9% 10% 14% 6% -0% -1% -1%

Shareholding Pattern

Numbers in percentages

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
21.67 21.67 21.67 21.67 21.67 21.67 21.67 21.67 21.67 21.67 21.67 21.67
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.03
0.18 0.02 0.09 0.02 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00
78.15 78.31 78.24 78.31 78.31 78.33 78.33 78.33 78.33 78.33 78.33 78.30

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