Suumaya Industries Ltd
Established in the year 2011 by founder Mr Mahesh Gala, Suumaya Industries Limited (Formerly known as Suumaya Lifestyle Limited) is a highly creative brand for exquisite fashion and brings you the world’s finest collection of Indo-Western Designer Kurtis.
- Market Cap ₹ 50.8 Cr.
- Current Price ₹ 8.10
- High / Low ₹ 14.2 / 6.60
- Stock P/E
- Book Value ₹ 93.6
- Dividend Yield 0.00 %
- ROCE -21.9 %
- ROE -38.7 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.09 times its book value
Cons
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -3.38%
- The company has delivered a poor sales growth of -44.0% over past five years.
- Promoter holding is low: 20.4%
- Contingent liabilities of Rs.63.0 Cr.
- Company has high debtors of 625 days.
- Company's cost of borrowing seems high
- Working capital days have increased from 4,251 days to 12,613 days
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 15 | 37 | 91 | 212 | 377 | 175 | 211 | 2,449 | 155 | 21 | 1,152 | |
| 0 | 0 | 15 | 37 | 90 | 211 | 375 | 170 | 199 | 2,023 | 173 | 136 | 1,511 | |
| Operating Profit | 0 | -0 | 0 | 0 | 0 | 1 | 2 | 5 | 12 | 426 | -18 | -116 | -360 |
| OPM % | 1% | 0% | 1% | 0% | 1% | 3% | 5% | 17% | -11% | -554% | -31% | ||
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | -274 | 14 | 30 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10 | 3 | 52 | 2 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 4 |
| Profit before tax | 0 | -0 | 0 | 0 | 0 | 1 | 2 | 5 | 11 | 416 | -296 | -155 | -335 |
| Tax % | 0% | 29% | 69% | 30% | 38% | 31% | 28% | 25% | 14% | 0% | 0% | ||
| 0 | -0 | 0 | 0 | 0 | 0 | 1 | 4 | 8 | 358 | -296 | -155 | -335 | |
| EPS in Rs | 0.00 | -0.04 | 0.03 | 0.01 | 0.07 | 0.10 | 0.33 | 0.76 | 1.69 | 63.78 | -52.76 | -25.32 | -53.74 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 7% | 0% | 2% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -44% |
| 3 Years: | -54% |
| TTM: | 2956% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -387% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | -10% |
| 3 Years: | -62% |
| 1 Year: | -42% |
| Return on Equity | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | 21% |
| 3 Years: | 21% |
| Last Year: | -39% |
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 | Sep 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0 | 1 | 22 | 22 | 22 | 22 | 22 | 24 | 24 | 28 | 31 | 61 | 63 |
| Reserves | 0 | 10 | -0 | 0 | 1 | 1 | 3 | 7 | 15 | 409 | 36 | 673 | 525 |
| 0 | 0 | 0 | 0 | 0 | 0 | 1 | 12 | 22 | 67 | 66 | 70 | 85 | |
| -0 | 0 | 0 | 8 | 4 | 10 | 26 | 32 | 37 | 1,800 | 297 | 438 | 594 | |
| Total Liabilities | 1 | 12 | 22 | 31 | 27 | 33 | 52 | 75 | 97 | 2,305 | 429 | 1,242 | 1,266 |
| 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 4 | 12 | 49 | 36 | 33 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 0 | 0 |
| Investments | 0 | 12 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7 | 42 | 42 | 914 |
| 0 | 0 | 22 | 31 | 27 | 33 | 51 | 73 | 93 | 2,285 | 336 | 1,164 | 320 | |
| Total Assets | 1 | 12 | 22 | 31 | 27 | 33 | 52 | 75 | 97 | 2,305 | 429 | 1,242 | 1,266 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | -19 | -1 | -3 | 0 | 2 | -10 | -7 | -10 | 5 | 26 | ||
| -11 | 11 | -0 | 0 | 0 | -1 | -1 | -2 | -23 | -68 | -11 | ||
| 11 | 10 | 1 | 0 | 0 | 2 | 13 | 9 | 80 | 13 | -15 | ||
| Net Cash Flow | 0 | 3 | 0 | -3 | 0 | 3 | 2 | -0 | 47 | -50 | -0 |
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 | 203 | 100 | 64 | 40 | 27 | 100 | 114 | 303 | 136 | 625 | ||
| Inventory Days | 113 | 127 | 25 | 7 | 5 | 33 | 25 | 16 | 13 | 284 | ||
| Days Payable | 0 | 82 | 14 | 16 | 25 | 67 | 62 | 314 | 115 | 1,109 | ||
| Cash Conversion Cycle | 316 | 144 | 75 | 31 | 7 | 67 | 78 | 5 | 34 | -199 | ||
| Working Capital Days | 443 | 191 | 93 | 40 | 21 | 73 | 86 | 63 | 77 | 12,613 | ||
| ROCE % | -0% | 1% | 1% | 2% | 3% | 9% | 15% | 22% | 151% | -4% | -22% |
Business Overview[1]
Initially the Company was engaged in real-estate business and was listed into ITP segment. After few years, they started dealing in cotton and other fabrics used in manufacturing of women apparels. They are now involved in the business of manufacturing and trading of dress materials, suits, kurtis and other allied goods made from cotton, denim, silk, woolen, leather etc.
The company was only in trading business till 2017 and post- acquisition of partnership firm the company has started manufacturing activity also. Suumaya Industries sells through retail as well as wholesale by following the Omni-Channel Sales strategy.
The promoters have opened 2 exclusive brand outlets (EBOs) in Dubai, by entering in to a master franchisee agreement. They have also opened 7 EBOs by March 2020 [2]