Sutlej Textiles and Industries Ltd

Sutlej Textiles and Industries Ltd

₹ 68.9 0.36%
23 Feb - close price
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

Background
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 1,128 Cr.
  • Current Price 68.9
  • High / Low 73.4 / 38.0
  • Stock P/E
  • Book Value 68.6
  • Dividend Yield 1.45 %
  • ROCE 7.72 %
  • ROE 4.07 %
  • Face Value 1.00

Pros

  • Stock is trading at 1.00 times its book value
  • Company has been maintaining a healthy dividend payout of 47.6%

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 4.37% over past five years.
  • Company has a low return on equity of 6.80% over 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

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
542 671 578 779 803 882 837 810 656 736 694 726 601
496 597 503 681 712 758 706 722 639 708 695 760 605
Operating Profit 46 74 75 97 91 124 131 88 17 28 -1 -34 -3
OPM % 9% 11% 13% 13% 11% 14% 16% 11% 3% 4% -0% -5% -1%
7 11 4 8 10 1 -19 7 8 -28 6 5 4
Interest 7 10 12 11 11 15 13 13 14 16 18 17 14
Depreciation 26 27 30 30 30 30 31 31 32 32 31 28 29
Profit before tax 21 48 37 64 60 80 69 51 -21 -48 -43 -74 -41
Tax % 32% 35% 36% 36% 35% 35% 35% 36% 34% 15% 33% 35% 35%
14 31 24 41 39 52 45 32 -14 -41 -29 -48 -27
EPS in Rs 0.85 1.90 1.47 2.48 2.37 3.19 2.73 1.98 -0.83 -2.48 -1.77 -2.91 -1.65
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1,530 1,672 1,872 1,867 2,074 2,249 2,453 2,562 2,379 1,861 3,042 3,039 2,758
1,383 1,476 1,605 1,635 1,811 1,967 2,206 2,342 2,201 1,746 2,655 2,775 2,768
Operating Profit 147 197 267 232 263 282 247 219 178 115 387 264 -10
OPM % 10% 12% 14% 12% 13% 13% 10% 9% 7% 6% 13% 9% -0%
32 32 38 39 35 37 75 28 21 31 22 -31 -12
Interest 70 65 58 53 46 46 59 57 45 37 49 57 65
Depreciation 69 70 75 70 80 85 107 101 100 94 120 125 120
Profit before tax 40 93 172 148 173 188 157 90 55 15 241 51 -207
Tax % 20% 17% 23% 22% 17% 16% 28% 27% 34% 37% 35% 55%
32 77 131 115 143 158 113 66 36 10 156 23 -144
EPS in Rs 1.94 4.70 8.02 7.05 8.76 9.64 6.91 4.01 2.20 0.58 9.50 1.39 -8.81
Dividend Payout % 17% 7% 10% 14% 15% 13% 19% 16% 14% 52% 19% 72%
Compounded Sales Growth
10 Years: 6%
5 Years: 4%
3 Years: 9%
TTM: -13%
Compounded Profit Growth
10 Years: -6%
5 Years: -11%
3 Years: 6%
TTM: -184%
Stock Price CAGR
10 Years: 11%
5 Years: 11%
3 Years: 17%
1 Year: 43%
Return on Equity
10 Years: 12%
5 Years: 6%
3 Years: 7%
Last Year: 4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity Capital 11 11 16 16 16 16 16 16 16 16 16 16
Reserves 266 338 448 544 667 800 890 930 955 964 1,114 1,107
724 652 630 598 804 1,036 1,047 923 868 901 938 933
144 149 178 183 188 193 228 261 279 268 374 364
Total Liabilities 1,145 1,149 1,273 1,341 1,675 2,045 2,182 2,131 2,118 2,149 2,442 2,421
582 540 507 643 821 1,128 1,109 1,054 1,034 1,189 1,171 1,112
CWIP 13 5 56 44 56 11 10 20 176 42 16 9
Investments 52 53 53 50 26 28 82 57 31 40 54 27
498 551 656 604 772 877 981 999 875 878 1,201 1,274
Total Assets 1,145 1,149 1,273 1,341 1,675 2,045 2,182 2,131 2,118 2,149 2,442 2,421

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
231 142 159 250 272 141 158 217 320 100 101 210
-81 -2 -75 -172 -346 -299 -55 -10 -205 -100 -89 -115
-151 -140 -85 -79 74 157 -104 -207 -113 5 -18 -93
Net Cash Flow -1 1 -1 -1 0 -0 -1 0 2 6 -6 1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 27 31 30 27 37 39 48 43 40 54 53 39
Inventory Days 108 107 122 102 130 153 132 135 126 158 138 164
Days Payable 12 14 17 16 20 21 25 28 31 39 35 31
Cash Conversion Cycle 122 125 135 114 147 172 155 150 135 173 156 172
Working Capital Days 60 67 71 69 84 98 103 96 79 127 108 112
ROCE % 11% 16% 22% 18% 16% 14% 9% 8% 6% 3% 15% 8%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
63.90% 63.90% 63.96% 63.96% 63.96% 63.96% 63.96% 63.96% 63.96% 63.96% 63.96% 63.96%
0.00% 0.02% 0.34% 0.94% 1.19% 1.31% 1.37% 1.35% 1.25% 0.90% 0.83% 0.83%
0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02%
36.08% 36.06% 35.68% 35.08% 34.83% 34.71% 34.64% 34.67% 34.76% 35.12% 35.18% 35.20%
No. of Shareholders 13,37416,29321,32223,29822,70623,28524,93124,91424,69524,77026,32528,876

* 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.

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