Sumeet Industries Ltd

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

Pros:
Stock is trading at 0.05 times its book value
Cons:
Company has low interest coverage ratio.
Promoter's stake has decreased
The company has delivered a poor growth of -6.73% over past five years.
Promoter holding is low: 21.67%
Company has a low return on equity of -2.49% for last 3 years.
Contingent liabilities of Rs.6.16 Cr.
Promoters have pledged 42.27% of their holding

Peer Comparison Sector: Textiles // Industry: Textiles - Manmade

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019
348 341 348 300 288 310 330 259 214 176 218 193
312 313 319 274 261 280 326 241 218 176 214 181
Operating Profit 36 28 29 26 27 31 4 18 -4 -0 4 13
OPM % 10% 8% 8% 9% 9% 10% 1% 7% -2% -0% 2% 7%
Other Income 2 1 5 3 2 0 4 0 0 1 -34 0
Interest 11 11 18 11 12 11 17 13 12 13 25 7
Depreciation 6 4 5 4 4 4 39 11 10 7 18 7
Profit before tax 21 14 11 13 13 16 -48 -6 -26 -19 -74 -1
Tax % 25% 27% 34% 23% 21% 33% 30% -0% -0% -0% 10% -0%
Net Profit 16 11 7 10 10 11 -34 -6 -26 -19 -67 -1
EPS in Rs 1.99 1.34 0.89 1.31 1.31 1.44 0.00 -0.66 -2.53 -1.78 -6.32 -0.09
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
82 1,158 1,228 1,165 1,235 1,406 1,205 867 801
76 1,076 1,128 1,080 1,146 1,287 1,117 827 790
Operating Profit 6 82 100 86 90 119 88 40 12
OPM % 8% 7% 8% 7% 7% 8% 7% 5% 1%
Other Income 1 -11 -16 -0 5 9 9 -55 -32
Interest 2 22 31 37 44 50 51 63 57
Depreciation 3 20 25 20 20 20 53 47 43
Profit before tax 1 29 28 29 31 57 -6 -124 -120
Tax % 35% 34% 32% 24% 38% 32% 58% 6%
Net Profit 1 19 19 22 19 39 -3 -117 -112
EPS in Rs 0.55 2.44 2.46 2.76 2.41 4.96 0.00 0.00 -10.72
Dividend Payout % 0% 0% 0% 0% 0% 0% -0% -0%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:%
5 Years:-6.73%
3 Years:-11.14%
TTM:-32.53%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-504.80%
Stock Price CAGR
10 Years:-15.07%
5 Years:-31.52%
3 Years:-58.95%
1 Year:-68.87%
Return on Equity
10 Years:%
5 Years:1.47%
3 Years:-2.49%
Last Year:-23.40%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
22 68 78 78 88 58 113 134
Reserves 4 126 144 166 190 233 267 -19
Borrowings 39 404 482 447 462 474 451 545
10 194 215 302 302 238 243 188
Total Liabilities 71 782 900 973 1,013 1,003 1,044 817
44 384 401 426 410 402 359 310
CWIP 3 10 31 0 4 0 1 0
Investments 0 1 6 6 6 11 13 13
25 387 463 542 593 590 670 494
Total Assets 71 782 900 973 1,013 1,003 1,044 817

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
1 45 -6 56 1 58 -52 -133
-6 -47 -65 -21 -1 -2 -7 7
4 21 79 -26 1 -52 55 95
Net Cash Flow -1 18 8 9 1 4 -4 -31

Ratios Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 9% 10% 10% 14% 6% -0%
Debtor Days 23 37 47 71 77 59 86 69
Inventory Turnover 6.54 6.10 6.34 6.76 5.44 4.36