Super Spinning Mills Ltd

₹ 11.4 -4.18%
May 17 - close price
About

Super Spinning Mills is engaged in the manufacture and selling of cotton, cotton yarn and allied products. [1]

Key Points

Products
The Co produces 100% Cotton yarn and Speciality yarn. Its portfolio includes:
100% Cotton Yarn: Ring Yarn, Compact Yarn, Compact Elitwist Yarn, TFO Doubled Yarn, Gassed Yarn 6s to 12s, TFO yarns, Organic Cotton Yarn and BCI cotton yarn.
Speciality Yarn: Modal Yarn, Micro Modal Yarn, Tencel Yarn, Micro Tencel yarn 30s to 100s. [1]

  • Market Cap 63.9 Cr.
  • Current Price 11.4
  • High / Low 20.2 / 5.65
  • Stock P/E 96.8
  • Book Value 17.2
  • Dividend Yield 0.00 %
  • ROCE -1.12 %
  • ROE -12.2 %
  • Face Value 1.00

Pros

  • Stock is trading at 0.66 times its book value
  • Company is expected to give good quarter

Cons

  • The company has delivered a poor sales growth of -32.48% over past five years.
  • Company has a low return on equity of -15.34% for last 3 years.
  • Earnings include an other income of Rs.10.74 Cr.
  • Company's cost of borrowing seems high

* 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.

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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
51.23 41.99 37.66 43.04 24.83 3.92 12.50 15.79 16.68 16.40 25.10 27.37
58.79 48.33 39.02 42.16 26.18 6.58 17.90 15.64 13.38 15.00 23.22 22.88
Operating Profit -7.56 -6.34 -1.36 0.88 -1.35 -2.66 -5.40 0.15 3.30 1.40 1.88 4.49
OPM % -14.76% -15.10% -3.61% 2.04% -5.44% -67.86% -43.20% 0.95% 19.78% 8.54% 7.49% 16.40%
2.53 1.04 10.95 -3.51 1.09 1.30 0.68 3.68 5.09 0.06 1.68 3.91
Interest 3.30 2.42 2.42 2.18 1.79 1.69 1.85 1.50 0.72 1.13 0.98 0.96
Depreciation 0.99 1.00 1.00 0.97 0.93 0.91 0.44 1.07 0.65 0.78 0.70 0.70
Profit before tax -9.32 -8.72 6.17 -5.78 -2.98 -3.96 -7.01 1.26 7.02 -0.45 1.88 6.74
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 74.07% 0.00% 240.96% 83.68%
Net Profit -9.32 -8.72 6.17 -5.77 -2.98 -3.96 -7.02 1.26 1.83 -0.45 -2.64 1.11
EPS in Rs -1.69 -1.59 1.12 -1.05 -0.54 -0.72 -1.28 0.23 0.33 -0.08 -0.48 0.20

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
385.38 477.76 380.78 434.15 521.20 440.50 348.29 294.07 260.88 208.12 149.46 48.88 85.55
343.76 424.44 407.49 393.05 481.16 427.33 342.10 291.21 264.67 215.16 154.64 52.83 74.48
Operating Profit 41.62 53.32 -26.71 41.10 40.04 13.17 6.19 2.86 -3.79 -7.04 -5.18 -3.95 11.07
OPM % 10.80% 11.16% -7.01% 9.47% 7.68% 2.99% 1.78% 0.97% -1.45% -3.38% -3.47% -8.08% 12.94%
5.80 6.02 14.48 8.02 4.63 3.98 17.69 12.73 2.74 8.84 7.62 10.74 10.74
Interest 25.69 23.71 30.64 23.81 24.74 23.93 22.74 18.16 14.99 13.73 9.85 6.41 3.79
Depreciation 23.52 20.81 19.00 16.97 15.11 10.37 9.95 7.97 5.55 4.09 3.90 3.08 2.83
Profit before tax -1.79 14.82 -61.87 8.34 4.82 -17.15 -8.81 -10.54 -21.59 -16.02 -11.31 -2.70 15.19
Tax % 117.88% 6.14% 30.63% 10.07% 31.12% 31.55% 33.94% -23.15% 0.00% 0.00% 0.00% -192.59%
Net Profit 0.32 13.91 -42.92 7.51 3.32 -11.74 -5.82 -12.97 -21.59 -16.03 -11.30 -7.89 -0.15
EPS in Rs 0.06 2.53 -7.80 1.37 0.60 -2.13 -1.06 -2.36 -3.93 -2.91 -2.05 -1.43 -0.03
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -20%
5 Years: -32%
3 Years: -43%
TTM: 50%
Compounded Profit Growth
10 Years: %
5 Years: 7%
3 Years: 13%
TTM: 104%
Stock Price CAGR
10 Years: 8%
5 Years: -9%
3 Years: 27%
1 Year: 91%
Return on Equity
10 Years: -20%
5 Years: -17%
3 Years: -15%
Last Year: -12%

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 Dec 2021
5.50 5.50 5.50 5.50 5.50 5.50 5.50 5.50 5.50 5.50 5.50 5.50 5.50
Reserves 86.02 99.93 57.01 64.52 67.84 55.21 49.38 160.74 129.35 120.06 107.77 98.14 89.22
Borrowings 197.99 204.55 142.68 132.43 139.27 125.13 111.78 87.81 73.24 50.85 36.55 33.00 35.29
109.26 80.27 53.38 66.11 69.50 71.67 63.24 61.89 84.70 124.44 81.19 45.55 30.04
Total Liabilities 398.77 390.25 258.57 268.56 282.11 257.51 229.90 315.94 292.79 300.85 231.01 182.19 160.05
167.10 143.03 117.19 100.75 95.19 92.94 71.18 219.16 214.75 171.22 153.90 112.55 106.94
CWIP 0.10 0.00 0.00 0.32 0.84 0.00 0.01 0.01 0.00 0.13 0.01 0.00 0.45
Investments 29.03 28.24 28.24 28.25 27.31 27.31 27.16 13.27 13.27 13.27 13.27 13.27 13.27
202.54 218.98 113.14 139.24 158.77 137.26 131.55 83.50 64.77 116.23 63.83 56.37 39.39
Total Assets 398.77 390.25 258.57 268.56 282.11 257.51 229.90 315.94 292.79 300.85 231.01 182.19 160.05

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
59.60 8.25 68.82 27.02 21.08 39.97 4.23 23.08 28.79 23.64 11.21 -13.51
5.76 9.19 20.17 5.58 -4.83 -4.25 29.47 15.61 -0.09 9.92 11.71 23.22
-66.61 -15.37 -91.28 -32.88 -16.13 -36.62 -34.24 -37.89 -28.60 -34.99 -22.97 -9.78
Net Cash Flow -1.25 2.07 -2.29 -0.28 0.12 -0.90 -0.54 0.80 0.11 -1.43 -0.05 -0.07

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 18.73 27.56 33.65 34.18 30.39 31.24 27.96 14.89 16.72 18.82 23.81 8.59
Inventory Days 97.14 180.62 43.65 73.24 72.35 55.01 71.29 68.65 39.01 66.33 47.55 130.08
Days Payable 102.39 50.60 37.71 68.36 54.72 70.00 88.89 101.05 137.64 177.54 245.66 204.03
Cash Conversion Cycle 13.48 157.58 39.58 39.05 48.02 16.25 10.36 -17.51 -81.91 -92.38 -174.30 -65.36
Working Capital Days 97.86 111.89 49.51 55.82 59.20 34.84 42.03 23.14 -31.17 -51.96 -91.80 -60.19
ROCE % 7.28% 11.13% -17.02% 13.15% 13.91% 2.48% -1.54% -2.09% -3.44% -5.01% -5.21% -1.12%

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
42.49 42.49 42.49 42.49 42.49 42.49 42.49 42.49 42.80 42.80 42.80 42.80
0.00 0.00 0.06 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
57.50 57.50 57.45 57.50 57.50 57.50 57.50 57.50 57.20 57.20 57.20 57.20

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