Swaraj Suiting Ltd
Incorporated in 2003, Swaraj Suiting Ltd does production of grey and finished fabric which are used into home textiles, bottom wears etc.[1]
- Market Cap ₹ 363 Cr.
- Current Price ₹ 238
- High / Low ₹ 245 / 28.0
- Stock P/E 38.4
- Book Value ₹ 56.1
- Dividend Yield 0.00 %
- ROCE 10.3 %
- ROE 8.68 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 31.4% CAGR over last 5 years
Cons
- Stock is trading at 4.25 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -4.40%
- Company has a low return on equity of 8.65% over last 3 years.
- Debtor days have increased from 71.5 to 94.3 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.
Peer comparison
Sector: Textiles Industry: Textiles - Spinning - Synthetic / Blended
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
|---|---|---|---|---|---|---|---|
| 45 | 47 | 58 | 60 | 129 | 219 | 317 | |
| 38 | 39 | 45 | 50 | 115 | 196 | 287 | |
| Operating Profit | 7 | 8 | 13 | 10 | 13 | 23 | 30 |
| OPM % | 15% | 17% | 23% | 16% | 10% | 11% | 10% |
| 0 | 0 | 0 | 0 | 0 | 1 | 1 | |
| Interest | 2 | 2 | 4 | 3 | 3 | 9 | 12 |
| Depreciation | 4 | 4 | 6 | 4 | 5 | 8 | 7 |
| Profit before tax | 1 | 2 | 4 | 3 | 6 | 8 | 13 |
| Tax % | 49% | 20% | 17% | 20% | 25% | 27% | |
| 1 | 1 | 3 | 3 | 5 | 6 | 9 | |
| EPS in Rs | 1.76 | 3.59 | 8.36 | 5.80 | 3.17 | 3.85 | 6.35 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 36% |
| 3 Years: | 56% |
| TTM: | 245% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 31% |
| 3 Years: | 19% |
| TTM: | 192% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 674% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 9% |
| Last Year: | 9% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 1 | 2 | 2 | 2 | 7 | 7 | 25 |
| Reserves | 16 | 22 | 29 | 36 | 53 | 59 | 60 |
| 24 | 45 | 35 | 42 | 74 | 113 | 126 | |
| 2 | 5 | 12 | 12 | 7 | 51 | 74 | |
| Total Liabilities | 43 | 73 | 78 | 91 | 141 | 230 | 285 |
| 26 | 46 | 37 | 36 | 37 | 81 | 80 | |
| CWIP | 2 | 0 | 0 | 0 | 41 | 3 | 13 |
| Investments | 0 | 2 | 4 | 3 | 3 | 3 | 3 |
| 15 | 25 | 37 | 53 | 61 | 143 | 190 | |
| Total Assets | 43 | 73 | 78 | 91 | 141 | 230 | 285 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|
| 6 | 1 | 7 | 6 | 15 | -15 | |
| -2 | -24 | 0 | -6 | -47 | -17 | |
| -3 | 23 | -8 | 0 | 34 | 31 | |
| Net Cash Flow | -0 | 0 | 0 | -0 | 2 | -2 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|
| Debtor Days | 27 | 44 | 37 | 80 | 40 | 94 |
| Inventory Days | 115 | 216 | 339 | 293 | 113 | 160 |
| Days Payable | 9 | 34 | 125 | 88 | 10 | 106 |
| Cash Conversion Cycle | 134 | 226 | 250 | 285 | 144 | 149 |
| Working Capital Days | 75 | 124 | 129 | 222 | 133 | 142 |
| ROCE % | 7% | 9% | 9% | 10% |
Business Segments:[1]
a) Manufacturing of denim, synthetic, cotton fabric
b) Trading of yarn, Grey & Finished Fabric
c) Weaving on job work basis