Super Spinning Mills Ltd

₹ 8.40 -1.75%
27 Jan - close price
About

Incorporated in 1962, Super Spinning Mills Ltd does manufacturing and selling of cotton, cotton yarn and allied products

Key Points

Product Profile:[1]
a) 100 % Cotton Yarn: Ring Yarn, Compact Yarn, Compact Elitwist Yarn, TFO Doubled Yarn, Gassed Yarn, TFO yarns, Organic Cotton Yarn, BCI cotton yarn, Regular Yarn, Open End Yarn
b) Open-End Yarn: GOTS certified organic cotton yarn in hank and cone, BCI cotton yarn in hank and cone, Conventional cotton yarn in hank and cone

  • Market Cap 46.2 Cr.
  • Current Price 8.40
  • High / Low 18.7 / 7.75
  • Stock P/E
  • Book Value 9.20
  • Dividend Yield 0.00 %
  • ROCE -1.79 %
  • ROE -43.0 %
  • Face Value 1.00

Pros

  • Stock is trading at 0.91 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -6.40% over past five years.
  • Company has a low return on equity of -19.5% over last 3 years.
  • Contingent liabilities of Rs.16.3 Cr.
  • Earnings include an other income of Rs.18.4 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

Consolidated Figures in Rs. Crores / View Standalone

Operating Profit
OPM %
Interest
Depreciation
Profit before tax
Tax %
Net Profit
EPS in Rs
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016
395 487 392 443 528 446 350
351 432 417 401 488 432 344
Operating Profit 43 55 -25 42 41 14 6
OPM % 11% 11% -6% 10% 8% 3% 2%
6 6 15 8 5 4 18
Interest 26 24 31 24 25 24 23
Depreciation 23 21 21 19 17 12 10
Profit before tax -1 16 -63 7 3 -19 -8
Tax % 177% 9% 30% 15% 45% 29% 34%
Net Profit 0 15 -44 6 2 -13 -5
EPS in Rs 0.08 2.67 -8.01 1.12 0.34 -2.41 -1.00
Dividend Payout % 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: -6%
3 Years: -8%
TTM: -21%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -52%
Stock Price CAGR
10 Years: 2%
5 Years: -14%
3 Years: 32%
1 Year: -50%
Return on Equity
10 Years: %
5 Years: -27%
3 Years: -20%
Last Year: -43%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016
6 6 6 6 6 6 6
Reserves 87 102 58 64 66 51 45
200 208 144 132 139 125 112
113 89 61 72 72 74 64
Total Liabilities 405 404 268 274 283 255 226
170 157 129 111 103 98 74
CWIP 0 0 0 0 1 0 0
Investments 28 14 14 14 13 13 13
208 233 125 148 166 144 139
Total Assets 405 404 268 274 283 255 226

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016
59 7 70 29 21 40 2
4 8 20 5 -5 -4 32
-65 -13 -93 -34 -16 -36 -34
Net Cash Flow -2 2 -3 -0 0 -1 -1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016
Debtor Days 21 33 37 37 33 33 30
Inventory Days 95 179 44 74 73 57 74
Days Payable 104 67 42 72 55 70 89
Cash Conversion Cycle 12 145 40 39 51 20 15
Working Capital Days 97 90 33 47 54 29 31
ROCE % 12% -17% 13% 13% 2% -2%

Shareholding Pattern

Numbers in percentages

1 recently
Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
42.49 42.49 42.49 42.49 42.49 42.80 42.80 42.80 42.80 42.80 42.80 42.80
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01
57.50 57.50 57.50 57.50 57.50 57.20 57.20 57.20 57.20 57.20 57.19 57.20

* 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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