Sutlej Textiles and Industries Ltd

Sutlej Textiles Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Sutlej Textiles and Industries Ltd

₹ 57.4 2.87%
18 Apr - close price
sutlejtextiles.com BSE: 532782 NSE : SUTLEJTEX
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]

Website BSE NSE
  • Market Cap ₹ 940 Cr.
  • Current Price ₹ 57.4
  • High / Low ₹ 73.4 / 43.9
  • Stock P/E
  • Book Value ₹ 61.9
  • Dividend Yield 1.74 %
  • ROCE 7.54 %
  • ROE 5.03 %
  • Face Value ₹ 1.00
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Pros

  • Stock is trading at 0.93 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 4.42% over past five years.
  • Company has a low return on equity of 6.77% over last 3 years.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.7.16 Cr.

* 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.

Peer comparison

Sector: Textiles Industry: Textiles - Cotton/Blended

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
549 677 587 786 813 890 846 820 665 744 704 735 607
505 606 515 691 724 768 715 732 649 718 706 769 613
Operating Profit 44 71 72 95 89 122 131 88 16 26 -1 -34 -6
OPM % 8% 10% 12% 12% 11% 14% 15% 11% 2% 3% -0% -5% -1%
7 11 4 12 10 3 -17 6 8 -8 6 5 4
Interest 7 10 12 12 11 15 13 13 14 17 18 17 14
Depreciation 26 27 30 30 31 30 31 31 32 32 31 29 29
Profit before tax 18 44 34 65 58 80 70 49 -23 -31 -45 -76 -45
Tax % 37% 37% 39% 35% 37% 35% 35% 37% 31% 24% 32% 35% 32%
12 28 20 42 37 52 45 31 -16 -24 -30 -49 -30
EPS in Rs 0.70 1.70 1.24 2.54 2.23 3.15 2.77 1.91 -0.95 -1.46 -1.86 -3.02 -1.84
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
2,476 2,614 2,417 1,884 3,076 3,074 2,791
2,229 2,402 2,245 1,780 2,698 2,814 2,807
Operating Profit 247 212 172 104 379 260 -16
OPM % 10% 8% 7% 6% 12% 8% -1%
76 28 21 31 28 -10 7
Interest 59 57 46 38 50 58 67
Depreciation 107 101 101 96 121 127 121
Profit before tax 157 83 46 2 236 65 -196
Tax % 28% 29% 40% 276% 36% 43%
113 58 28 -4 150 37 -134
EPS in Rs 6.92 3.56 1.69 -0.22 9.17 2.28 -8.18
Dividend Payout % 19% 18% 18% -134% 20% 44%
Compounded Sales Growth
10 Years: %
5 Years: 4%
3 Years: 8%
TTM: -13%
Compounded Profit Growth
10 Years: %
5 Years: -8%
3 Years: 23%
TTM: -192%
Stock Price CAGR
10 Years: 9%
5 Years: 8%
3 Years: 14%
1 Year: 18%
Return on Equity
10 Years: %
5 Years: 6%
3 Years: 7%
Last Year: 5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 16 16 16 16 16 16 16
Reserves 891 925 943 938 1,084 1,093 997
1,047 923 875 909 943 953 824
234 268 291 275 382 370 339
Total Liabilities 2,188 2,133 2,125 2,139 2,425 2,432 2,177
1,116 1,061 1,044 1,199 1,181 1,114 1,128
CWIP 10 21 177 42 16 9 15
Investments 51 26 1 1 1 1 0
1,012 1,024 903 897 1,227 1,308 1,034
Total Assets 2,188 2,133 2,125 2,139 2,425 2,432 2,177

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
157 216 319 89 95 196
-73 -14 -209 -92 -76 -118
-74 -207 -109 3 -18 -81
Net Cash Flow 11 -4 2 1 1 -2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 49 43 40 53 52 39
Inventory Days 133 134 128 160 139 167
Days Payable 26 29 33 40 35 32
Cash Conversion Cycle 156 148 134 173 156 173
Working Capital Days 103 95 79 128 108 113
ROCE % 7% 5% 2% 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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