Siddhi Cotspin Ltd
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About
Incorporated in 2015, Siddhi Cotspin is engaged in manufacturing and selling cotton yarns, including value-added and specialty yarns.[1]
Key Points
- Market Cap ₹ 264 Cr.
- Current Price ₹
- High / Low ₹ /
- Stock P/E 22.4
- Book Value ₹
- Dividend Yield %
- ROCE 15.9 %
- ROE 19.5 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Debtor days have improved from 57.2 to 44.4 days.
- Company's working capital requirements have reduced from 46.9 days to 25.2 days
Cons
* 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
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Quarterly Results
Figures in Rs. Crores
| Operating Profit |
| OPM % |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Raw PDF |
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| 178 | 137 | 402 | 199 | 581 | |
| 154 | 113 | 370 | 174 | 546 | |
| Operating Profit | 24 | 24 | 33 | 25 | 35 |
| OPM % | 13% | 18% | 8% | 13% | 6% |
| 1 | 1 | 1 | 1 | 0 | |
| Interest | 8 | 9 | 6 | 8 | 8 |
| Depreciation | 13 | 13 | 17 | 9 | 9 |
| Profit before tax | 4 | 3 | 11 | 9 | 17 |
| Tax % | 28% | 28% | 16% | 31% | 33% |
| 3 | 2 | 9 | 6 | 12 | |
| EPS in Rs | |||||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 62% |
| TTM: | 191% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 69% |
| TTM: | 95% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 17% |
| Last Year: | 19% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 4 | 19 |
| Reserves | 34 | 37 | 46 | 50 | 47 |
| 132 | 134 | 139 | 114 | 91 | |
| 18 | 9 | 12 | 15 | 24 | |
| Total Liabilities | 188 | 184 | 201 | 184 | 181 |
| 109 | 99 | 83 | 76 | 67 | |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| 79 | 85 | 119 | 108 | 114 | |
| Total Assets | 188 | 184 | 201 | 184 | 181 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| 18 | 14 | 26 | 28 | 25 | |
| 0 | -2 | -4 | -2 | -0 | |
| -17 | -11 | -2 | -33 | -38 | |
| Net Cash Flow | 1 | 1 | 20 | -7 | -13 |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Debtor Days | 80 | 83 | 39 | 88 | 44 |
| Inventory Days | 46 | 72 | 31 | 51 | 16 |
| Days Payable | 33 | 11 | 4 | 19 | 9 |
| Cash Conversion Cycle | 92 | 144 | 67 | 120 | 51 |
| Working Capital Days | 48 | 89 | 49 | 66 | 25 |
| ROCE % | 7% | 9% | 9% | 16% |
Business Profile[1]
The company is engaged in manufacturing and selling cotton yarns, including value-added and specialty variants. It operates a spinning project at Dholi Integrated Spinning Park, Dholka (Ahmedabad, Gujarat), with an installed capacity of 29,376 spindles.