Sutlej Textiles and Industries Ltd

₹ 68.4 2.70%
16 Aug 1:09 p.m.
About

Sutlej Textiles and Industries Limited is engaged in manufacturing synthetic, natural, and blended yarns and home furnishing textiles such as curtains and made ups. [1]

Key Points

History
The Co was incorporated in 2005 out of a corporate restructuring exercise in which the textile divisions of Sutlej Industries Ltd and Damanganga Processors Ltd were demerged to create a single cohesive company. It was part of the erstwhile K. K. Birla Group and after the family division it came under Ms Nandini Nopany. [1]

  • Market Cap 1,120 Cr.
  • Current Price 68.4
  • High / Low 105 / 54.0
  • Stock P/E 5.69
  • Book Value 69.0
  • Dividend Yield 2.69 %
  • ROCE 15.0 %
  • ROE 15.2 %
  • Face Value 1.00

Pros

  • Stock is trading at 0.99 times its book value
  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 28.2%

Cons

  • The company has delivered a poor sales growth of 6.22% over past five years.
  • Company has a low return on equity of 6.94% for last 3 years.
  • Company might be capitalizing the interest cost

* 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

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
649 629 573 529 188 460 542 671 578 779 803 882 837
605 571 513 511 213 440 496 597 503 681 712 758 706
Operating Profit 44 58 59 17 -25 20 46 74 75 97 91 124 131
OPM % 7% 9% 10% 3% -13% 4% 9% 11% 13% 13% 11% 14% 16%
7 5 4 4 5 8 7 11 4 8 10 1 -19
Interest 13 11 10 11 12 8 7 10 12 11 11 15 13
Depreciation 25 24 25 26 20 21 26 27 30 30 30 30 31
Profit before tax 13 28 29 -15 -52 -2 21 48 37 64 60 80 69
Tax % 35% 34% 33% 32% 33% 33% 32% 35% 36% 36% 35% 35% 35%
Net Profit 9 18 20 -10 -34 -1 14 31 24 41 39 52 45
EPS in Rs 0.52 1.11 1.19 -0.62 -2.10 -0.07 0.85 1.90 1.47 2.48 2.37 3.19 2.73

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
1,577 1,530 1,672 1,872 1,867 2,074 2,249 2,453 2,562 2,379 1,861 3,042 3,302
1,337 1,383 1,476 1,605 1,635 1,811 1,967 2,206 2,342 2,201 1,746 2,655 2,858
Operating Profit 240 147 197 267 232 263 282 247 219 178 115 387 444
OPM % 15% 10% 12% 14% 12% 13% 13% 10% 9% 7% 6% 13% 13%
34 32 32 38 39 35 37 75 28 21 31 22 0
Interest 59 70 65 58 53 46 46 59 57 45 37 49 50
Depreciation 68 69 70 75 70 80 85 107 101 100 94 120 121
Profit before tax 148 40 93 172 148 173 188 157 90 55 15 241 273
Tax % 23% 20% 17% 23% 22% 17% 16% 28% 27% 34% 37% 35%
Net Profit 114 32 77 131 115 143 158 113 66 36 10 156 176
EPS in Rs 6.98 1.94 4.70 8.02 7.05 8.76 9.64 6.91 4.01 2.20 0.58 9.50 10.77
Dividend Payout % 7% 17% 7% 10% 14% 15% 13% 19% 16% 14% 52% 19%
Compounded Sales Growth
10 Years: 7%
5 Years: 6%
3 Years: 6%
TTM: 47%
Compounded Profit Growth
10 Years: 18%
5 Years: 1%
3 Years: 36%
TTM: 190%
Stock Price CAGR
10 Years: 20%
5 Years: -4%
3 Years: 34%
1 Year: 2%
Return on Equity
10 Years: 13%
5 Years: 7%
3 Years: 7%
Last Year: 15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
11 11 11 16 16 16 16 16 16 16 16 16
Reserves 241 266 338 448 544 667 800 890 930 955 964 1,114
808 724 652 630 598 804 1,036 1,047 923 868 900 937
139 144 149 178 183 188 193 228 261 279 269 375
Total Liabilities 1,199 1,145 1,149 1,273 1,341 1,675 2,045 2,182 2,131 2,118 2,149 2,442
605 582 540 507 643 821 1,128 1,109 1,054 1,034 1,189 1,171
CWIP 3 13 5 56 44 56 11 10 20 176 42 16
Investments 2 52 53 53 50 26 28 82 57 31 40 54
589 498 551 656 604 772 877 981 999 875 878 1,201
Total Assets 1,199 1,145 1,149 1,273 1,341 1,675 2,045 2,182 2,131 2,118 2,149 2,442

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
142 231 142 159 250 272 141 158 217 320 100 101
-19 -81 -2 -75 -172 -346 -299 -55 -10 -205 -100 -89
-124 -151 -140 -85 -79 74 157 -104 -207 -113 5 -18
Net Cash Flow -1 -1 1 -1 -1 0 -0 -1 0 2 6 -6

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 31 27 31 30 27 37 39 48 43 40 54 53
Inventory Days 127 108 107 122 102 130 153 132 135 126 158 138
Days Payable 11 12 14 17 16 20 21 25 28 31 39 35
Cash Conversion Cycle 146 122 125 135 114 147 172 155 150 135 173 156
Working Capital Days 88 60 67 71 69 84 98 103 96 79 127 108
ROCE % 20% 11% 16% 22% 18% 16% 14% 9% 8% 6% 3% 15%

Shareholding Pattern

Numbers in percentages

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
63.90 63.90 63.90 63.90 63.90 63.90 63.90 63.90 63.96 63.96 63.96 63.96
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.02 0.34 0.94 1.19 1.31
0.02 0.03 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02
36.08 36.08 36.08 36.08 36.08 36.08 36.08 36.06 35.68 35.08 34.83 34.71

Documents

Concalls