Is Sarla Performance Fibers a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Sarla Performance Fibers Ltd is a below average quality company .

Is Sarla Performance Fibers undervalued or overvalued?

The key valuation ratios of Sarla Performance Fibers Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Sarla Performance Fibers share price return in the past 10 years?

Sarla Performance Fibers Ltd share price has appreciated 10.2% annually (CAGR) over the past ten years.

Is Sarla Performance Fibers a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Sarla Performance Fibers Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

What is the P/E ratio of Sarla Performance Fibers?

The latest standalone P/E ratio of Sarla Performance Fibers as of 26-Apr-2024 is 16.72.

What is the P/B ratio of Sarla Performance Fibers?

The latest standalone P/B ratio of Sarla Performance Fibers as of 26-Apr-2024 is 1.06.

What is the 52-week high and low of Sarla Performance Fibers?

The 52-week high of Sarla Performance Fibers is Rs. 73.90 and the 52-week low is Rs. 36.80.

Sarla Performance Fibers Ltd - Stock Valuation and Financial Performance

Name: Sarla Performance Fibers
Brand: Sarla Performance Fibers

BSE: 526885 | NSE: SARLAPOLY | Textile - Manmade Fibres | Small Cap

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Sarla Perform. Fiber Share Price

₹58.09 -0.53 -0.90%
as on 26-Apr'24 16:01

10 Year X-Ray of Sarla Perform. Fiber:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	11.6%	11.9%	13.4%	10.3%	9.4%	7%	8.3%	3.4%	9.8%	6.2%	-
Value Creation Index ⓘ	-0.2	-0.2	0.0	-0.3	-0.3	-0.5	-0.4	-0.8	-0.3	-0.6	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	246	267	243	263	272	316	298	251	429	387	347
Sales YoY Gr.	-	8.5%	-8.8%	7.9%	3.7%	16.2%	-5.7%	-15.7%	70.6%	-9.8%	-
Adj EPS ⓘ	3	3.4	5.1	4.3	4	3	4	1.5	5.9	3.7	3.5
YoY Gr.	-	13.4%	49.6%	-15.8%	-7.3%	-24%	33.9%	-62.8%	294%	-38.2%	-
BVPS (₹) ⓘ	17.7	23	27.1	31.9	35.5	38.5	42.2	43.8	50.1	51.6	54.7
Adj Net Profit ⓘ	20.8	28.3	42.3	35.7	33.1	25.1	33.7	12.5	49.3	30.5	29
Cash Flow from Ops. ⓘ	25.1	-5.9	49.2	64.9	33.6	12.4	39.3	43.3	39	106	-
Debt/CF from Ops. ⓘ	4.1	-20.8	2.9	2.1	3.3	12.3	4.3	3.4	3.4	1	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	5.2%	7.3%	9%	-9.8%
Adj EPS ⓘ	2.2%	-1.6%	-3.3%	-38.2%
BVPSⓘ	12.6%	7.8%	7%	3%
Share Price	10.2%	18.9%	30.7%	50%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
Return on Equity % ⓘ	18.1	18	20.2	14.5	11.8	8.1	10	3.5	12.6	7.2	6.5
Op. Profit Mgn % ⓘ	15.3	16.9	20.6	21.9	19.8	14.9	15.8	21.8	18.9	15.7	14.6
Net Profit Mgn % ⓘ	8.4	10.6	17.4	13.6	12.2	7.9	11.3	5	11.5	7.9	8.4
Debt to Equity ⓘ	0.8	0.6	0.6	0.5	0.4	0.5	0.5	0.4	0.3	0.2	-
Working Cap Days ⓘ	172	191	243	246	280	284	284	298	196	200	120
Cash Conv. Cycle ⓘ	132	119	129	123	127	122	138	172	115	122	29

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 6.50%

Sales growth has been subdued in last 3 years 9.02%

Net Profit has been subdued in last 3 years -3.25%

Sales growth is not so good in last 4 quarters at -17.26%

Latest Financials - Sarla Performance Fibers Ltd.

	Standalone	Consolidated
TTM EPS (₹)	3.5	2.6
TTM Sales (₹ Cr.)	347	347
BVPS (₹.) ⓘ	54.7	49.9
Reserves (₹ Cr.) ⓘ	449	408
P/BV ⓘ	1.06	1.17
PE ⓘ	16.72	22.51

From the Market
52 Week Low / High (₹)	36.80 / 73.90
All Time Low / High (₹)	0.08 / 91.45
Market Cap (₹ Cr.)	485
Equity (₹ Cr.)	8.4
Face Value (₹)	1
Industry PE ⓘ	32.6

Management X-Ray of Sarla Perform. Fiber:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Sarla Perform. Fiber

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Sarla Perform. Fiber

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Sales	246	267	243	263	272	316	298	251	429	387
Operating Expenses ⓘ	208	222	193	205	218	269	251	196	348	330
Manufacturing Costs	43	48	47	50	50	61	69	61	83	71
Material Costs	142	145	117	126	138	173	139	103	209	202
Employee Cost	5	6	6	9	10	12	13	11	16	16
Other Costs ⓘ	19	23	23	20	21	23	30	21	39	41
Operating Profit ⓘ	38	45	50	57	54	47	47	55	81	56
Operating Profit Margin (%)	15.3%	16.9%	20.6%	21.9%	19.8%	14.8%	15.8%	21.8%	18.8%	14.6%
Other Income ⓘ	10	11	22	17	26	18	18	13	12	9
Interest ⓘ	6	5	5	6	7	8	11	7	4	5
Depreciation ⓘ	9	9	10	12	13	14	18	18	19	21
Exceptional Items ⓘ	0	0	0	0	0	0	0	-24	0	0
Profit Before Tax ⓘ	32	42	57	56	59	42	37	18	71	40
Tax ⓘ	10	13	14	16	19	13	2	5	18	11
Profit After Tax	22	30	43	40	40	30	35	13	53	29
PAT Margin (%)	9.0%	11.1%	17.5%	15.1%	14.8%	9.3%	11.6%	5.2%	12.3%	7.5%
Adjusted EPS (₹)	3.2	3.6	5.1	4.8	4.8	3.5	4.1	1.6	6.3	3.5
Dividend Payout Ratio (%)	23%	23%	21%	23%	23%	31%	0%	0%	32%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Equity and Liabilities
Shareholders Fund	123	192	226	266	297	321	352	366	419	431
Share Capital ⓘ	7	8	8	8	8	8	8	8	8	8
Reserves ⓘ	116	183	218	258	288	313	344	358	410	423
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	91	111	132	128	104	145	135	117	114	89
Long Term Debt	19	10	40	46	39	60	66	37	20	0
Short Term Debt	72	101	92	82	64	85	69	80	95	89
Trade Payables	9	7	7	10	11	14	18	26	42	32
Others Liabilities ⓘ	44	48	65	84	67	73	84	93	74	60
Total Liabilities ⓘ	267	358	431	488	479	554	589	602	649	612
Fixed Assets
Gross Block	158	164	201	201	214	246	276	291	294	349
Accumulated Depreciation	56	66	76	12	25	39	57	74	90	111
Net Fixed Assetsⓘ	102	98	124	188	189	208	219	216	204	237
CWIP ⓘ	1	0	0	0	3	10	1	0	16	0
Investmentsⓘ	8	8	33	33	19	19	102	78	113	187
Inventories	41	49	51	42	42	39	38	57	96	85
Trade Receivables	61	49	51	65	69	90	98	98	101	62
Cash Equivalents	32	86	99	69	42	50	68	95	66	14
Others Assetsⓘ	23	68	73	91	115	138	63	57	54	28
Total Assets ⓘ	267	358	431	488	479	554	589	602	649	612

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Cash Flow From Operating Activity ⓘ	25	-6	49	65	34	12	39	43	39	106
PBT ⓘ	32	42	57	56	59	42	37	18	71	40
Adjustment ⓘ	8	5	-6	11	-4	5	20	35	13	28
Changes in Working Capital ⓘ	-6	-40	11	10	-9	-26	-8	-2	-26	51
Tax Paid ⓘ	-9	-12	-13	-11	-13	-8	-9	-7	-19	-12
Cash Flow From Investing Activity ⓘ	-3	3	-40	-48	18	-52	-34	-16	-25	-54
Capex	-7	-6	-36	-77	-5	-41	-21	-15	-26	-44
Net Investments	-3	0	-24	0	-16	1	-4	0	-34	-73
Others ⓘ	7	10	21	29	39	-12	-8	-2	35	63
Cash Flow From Financing Activityⓘ	-11	56	4	-15	-44	31	-4	-24	-20	-51
Net Proceeds from Shares ⓘ	0	47	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	5	-11	20	29	-30	-30	-22
Interest Paid ⓘ	-6	-5	-5	-5	-6	-7	-9	-6	-4	-5
Dividend Paid ⓘ	-4	-5	-13	-2	-9	-4	-4	0	0	-17
Others ⓘ	-1	20	22	-13	-18	22	-19	12	14	-7
Net Cash Flow ⓘ	11	54	13	2	8	-9	2	3	-6	1

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Ratios
ROE (%)	19.42	18.86	20.4	16.13	14.32	9.55	10.26	3.61	13.45	6.78
ROCE (%)	17.79	17.56	18.07	15.91	16.39	11.47	9.56	4.93	13.99	8.2
Asset Turnover Ratio	1	0.89	0.65	0.6	0.57	0.61	0.52	0.42	0.69	0.61
PAT to CFO Conversion(x)	1.14	-0.2	1.14	1.63	0.85	0.4	1.11	3.31	0.74	3.66
Working Capital Days
Receivable Days	82	73	71	76	88	92	114	142	84	77
Inventory Days	62	59	71	62	56	47	47	69	65	85
Payable Days	18	20	22	24	28	26	43	78	59	67

Sarla Performance Fibers Ltd Stock News

Sarla Performance Fibers Ltd FAQs

What is the share price of Sarla Perform. Fiber?

Company share prices are keep on changing according to the market conditions. The closing price of Sarla Perform. Fiber on 26-Apr-2024 16:01 is ₹58.09.

What is the market cap of Sarla Perform. Fiber?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 26-Apr-2024 16:01 the market cap of Sarla Perform. Fiber stood at ₹485.3.

What is the P/E ratio of Sarla Perform. Fiber?

The latest P/E ratio of Sarla Perform. Fiber as of 26-Apr-2024 16:01 is 16.72.

What is the P/B ratio of Sarla Perform. Fiber?

The latest P/B ratio of Sarla Perform. Fiber as of 26-Apr-2024 16:01 is 1.06.

What is the 52-week high and low of Sarla Perform. Fiber?

The 52-week high of Sarla Perform. Fiber is ₹73.90 and the 52-week low is ₹36.80.

What is the TTM revenue of Sarla Perform. Fiber?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Sarla Perform. Fiber is ₹346.6 ( Cr.) .

About Sarla Performance Fibers Ltd

Sarla Performance Fibers, formerly Sarla Polyester Ltd, was started by Krishna Jhunjhunwala as a 100% Export Oriented Unit (EOU) manufacturing polyester, polyamide (nylon) texturised yarns & conventional/air covered Lycra/Spandex yarns in 1995. It is amongst the leading manufacturer-exporters from India, exporting their products around the globe.

Spinning and weaving the entire world into their company. As an export oriented company, Sarla Performance Fibers has entered the following markets:

Middle East â€“ Turkey, Jordan, Dubai, Egypt, Israel, Iran.
Europe â€“ Italy, Spain, Portugal, Germany, UK, Sweden, Estonia, Ireland, Greece, Romania, Bulgaria, Poland, Lithuania
USA
Central America â€“ Venezuela, Mexico, Honduras
South America â€“ Brazil, Argentina, Chile
Africa â€“ Morocco, Kenya, Madagascar, South Africa
Far East â€“ Indonesia, China
Neighbouring countries â€“ Bangladesh, Srilanka.

In order to cater the market in central America they have set up a manufacturing plant in Honduras under the name of Savitex (A joint venture)

The group Companies:

Savitex- Savitex is joint venture between Sarla Performance Fibers and its Canadian Distributors Viafil. It is a vertically integrated one-of-its-kind sewing thread operation in the world. Having its manufacturing base in central America it fulfills the recently introduced Cafta criteria. All garment majors like Hanes, Fruit of the Loom, Gildan, Russel, Delta Apparel, etc have huge garment manufacturing facilities in this region and can avail of prompt service and delivery for all their thread needs from Savitex.

Zabatex India - Zabatex India is a joint venture between a Canadian company Zabatex Inc and the promoters of Sarla Performance Fibers which manufactures the following

Knitted elastics for apparel & industrial applications
Woven elastics for sportswear, lightweight industrial, and select apparel applications
Narrow fabrics for swim wear, apparel, & select industrial applications

Sarla Performance Fibers specializes in yarn for narrow fabrics and hence Zabatex India has practically in-house availability of this essential raw material to provide all kinds of quality narrow fabrics /elastics to garment manufacturers worldwide

Product range of the company includes: