Sutlej Textiles and Industries Ltd

₹ 59.0 -1.67%
27 Jan - 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 967 Cr.
  • Current Price 59.0
  • High / Low 99.9 / 54.4
  • Stock P/E 5.22
  • Book Value 70.0
  • Dividend Yield 3.13 %
  • ROCE 15.0 %
  • ROE 15.0 %
  • Face Value 1.00

Pros

  • Stock is trading at 0.84 times its book value
  • Stock is providing a good dividend yield of 3.13%.
  • Company is expected to give good quarter

Cons

  • Company has a low return on equity of 6.26% 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

Consolidated Figures in Rs. Crores / View Standalone

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
639 582 536 192 466 549 677 587 786 813 890 846 820
582 524 522 220 449 505 606 515 691 724 768 715 732
Operating Profit 57 58 15 -28 17 44 71 72 95 89 122 131 88
OPM % 9% 10% 3% -15% 4% 8% 10% 12% 12% 11% 14% 15% 11%
5 4 4 5 8 7 11 4 12 10 3 -17 6
Interest 11 10 11 12 8 7 10 12 12 11 15 13 13
Depreciation 25 25 26 21 22 26 27 30 30 31 30 31 31
Profit before tax 26 27 -19 -55 -5 18 44 34 65 58 80 70 49
Tax % 36% 35% 26% 31% 10% 37% 37% 39% 35% 37% 35% 35% 37%
Net Profit 17 17 -14 -38 -5 12 28 20 42 37 52 45 31
EPS in Rs 1.02 1.06 -0.84 -2.33 -0.29 0.70 1.70 1.24 2.54 2.23 3.15 2.77 1.91
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
2,476 2,614 2,417 1,884 3,076 3,369
2,229 2,402 2,245 1,780 2,698 2,939
Operating Profit 247 212 172 104 379 430
OPM % 10% 8% 7% 6% 12% 13%
76 28 21 31 28 2
Interest 59 57 46 38 50 53
Depreciation 107 101 101 96 121 123
Profit before tax 157 83 46 2 236 256
Tax % 28% 29% 40% 276% 36%
Net Profit 113 58 28 -4 150 165
EPS in Rs 6.92 3.56 1.69 -0.22 9.17 10.06
Dividend Payout % 19% 18% 18% -134% 20%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 6%
TTM: 30%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 40%
TTM: 83%
Stock Price CAGR
10 Years: 15%
5 Years: -10%
3 Years: 19%
1 Year: -37%
Return on Equity
10 Years: %
5 Years: %
3 Years: 6%
Last Year: 15%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
16 16 16 16 16 16
Reserves 891 925 943 938 1,084 1,131
1,047 923 875 909 943 800
234 268 291 275 382 436
Total Liabilities 2,188 2,133 2,125 2,139 2,425 2,384
1,116 1,061 1,044 1,199 1,181 1,127
CWIP 10 21 177 42 16 12
Investments 51 26 1 1 1 1
1,012 1,024 903 897 1,227 1,244
Total Assets 2,188 2,133 2,125 2,139 2,425 2,384

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

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

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 49 43 40 53 52
Inventory Days 133 134 128 160 139
Days Payable 26 29 33 40 35
Cash Conversion Cycle 156 148 134 173 156
Working Capital Days 103 95 79 128 108
ROCE % 7% 5% 2% 15%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
63.90 63.90 63.90 63.90 63.90 63.90 63.96 63.96 63.96 63.96 63.96 63.96
0.00 0.00 0.00 0.00 0.00 0.02 0.34 0.94 1.19 1.31 1.37 1.35
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 36.08 36.08 36.08 36.08 36.06 35.68 35.08 34.83 34.71 34.64 34.67

* 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.

Documents

Concalls