Sambandam Spinning Mills Ltd - Stock Valuation and Financial Performance

BSE: 521240 | NSE: SAMBANDAM | Textile - Spinning | Small Cap

Sambandam Spg. Mills Share Price

158 3.65 2.36%
as on 19-Apr'24 16:01

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Sambandam Spinning Mills stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
67.4 Cr.
52-wk low:
128.5
52-wk high:
207.9

Is Sambandam Spinning Mills Ltd an attractive stock to invest in?

1. Is Sambandam Spinning Mills Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Sambandam Spinning Mills Ltd is a below average quality company.

2. Is Sambandam Spinning Mills Ltd undervalued or overvalued?

The key valuation ratios of Sambandam Spinning Mills Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Sambandam Spinning Mills Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Sambandam Spinning Mills Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Sambandam Spg. Mills:

Analysis of Financial Track Record

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Sambandam Spinning Mills Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 10.9%7%5.3%9.3%7.6%6.3%5.1%8.6%10.8%-1.2%-
Value Creation
Index
-0.2-0.5-0.6-0.3-0.5-0.6-0.6-0.4-0.2-1.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 256242205209193210191231355263206
Sales YoY Gr.--5.3%-15.2%1.8%-7.7%8.5%-8.7%20.9%53.6%-25.8%-
Adj EPS 22.67.91.117.311.8105.51933.9-28-16.8
YoY Gr.--64.9%-86.3%1484.4%-31.8%-15.4%-44.9%245.2%78.9%-182.7%-
BVPS (₹) 111.5117.3115.1207.6211217.8219.7236.9270.3234.3218.9
Adj Net
Profit
9.73.40.57.454.32.38.114.5-12-7
Cash Flow from Ops. 18.434.99.321.413.712.324.5-0.428.528.8-
Debt/CF from Ops. 62.710.53.65.15.93.3-2664.54.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 0.3%6.4%11.3%-25.8%
Adj EPS -202.4%-218.9%-272.2%-182.7%
BVPS8.6%2.1%2.2%-13.3%
Share Price 8.8% 10.7% 26.5% 11.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
13.54.40.68.95.64.72.58.313.4-11.1-7.4
Op. Profit
Mgn %
15.611.611.716.813.110.910.514.513.33.54
Net Profit
Mgn %
3.81.40.23.52.621.23.54.1-4.5-3.5
Debt to
Equity
2.31.920.90.80.80.90.91.11.3-
Working Cap
Days
125145165161178176205213167206111
Cash Conv.
Cycle
5356737880901091129511818

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 11.25%

Return on Equity is Poor

Debt to equity has increased versus last 3 years average to 1.30

Sales growth is not so good in last 4 quarters at -30.70%

Latest Financials - Sambandam Spinning Mills Ltd.

Standalone Consolidated
TTM EPS (₹) -16.8 -16.7
TTM Sales (₹ Cr.) 206 206
BVPS (₹.) 218.9 219
Reserves (₹ Cr.) 89 89
P/BV 0.72 0.72
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 128.45 / 207.85
All Time Low / High (₹) 7.60 / 295.00
Market Cap (₹ Cr.) 67.4
Equity (₹ Cr.) 4.3
Face Value (₹) 10
Industry PE 30.7

Management X-Ray of Sambandam Spg. Mills:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Sambandam Spg. Mills

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales255.96242.33205.42209.11193.08209.50191.18231.07354.94263.25
Operating Expenses 216.14214.31181.51174.07167.87186.78171.16197.53307.71254.18
Manufacturing Costs38.4538.0636.1824.1822.5129.5626.5130.1846.8223.47
Material Costs145.88143.98114.83123.07116.15123.60109.05130.93210.95191.87
Employee Cost 22.9024.5823.9622.1723.8728.0330.0229.5140.5130.82
Other Costs 8.917.706.544.655.345.595.576.919.438.03
Operating Profit 39.8228.0223.9135.0325.2122.7220.0233.5447.239.07
Operating Profit Margin (%) 15.6%11.6%11.6%16.8%13.1%10.8%10.5%14.5%13.3%3.4%
Other Income 0.520.870.501.171.661.481.150.430.664.20
Interest 15.1312.9512.4712.0810.458.589.0211.1413.0513.19
Depreciation 11.1410.8510.6810.5710.1510.159.3812.4313.3415.18
Exceptional Items -0.4500-4.50-2.8300000
Profit Before Tax 13.625.081.269.053.445.472.7610.4121.49-15.10
Tax 4.251.630.844.73-0.010.990.482.346.97-3.32
Profit After Tax 9.373.450.424.323.454.482.278.0714.52-11.78
PAT Margin (%) 3.7%1.4%0.2%2.1%1.8%2.1%1.2%3.5%4.1%-4.5%
Adjusted EPS (₹)22.08.11.010.18.110.55.318.934.0-27.6
Dividend Payout Ratio (%)9%25%205%40%25%19%0%21%15%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 75.6977.8377.2288.5689.9892.8993.69101.05115.2699.92
Share Capital 4.284.284.284.284.284.284.284.284.284.28
Reserves 71.4173.5572.9484.2985.7088.6189.4196.77110.9995.64
Minority Interest0000000000
Debt86.1874.3378.0269.3463.5866.3374.4080.58113.71111.53
Long Term Debt43.4023.2327.4219.6915.9513.7622.6927.8265.2062.31
Short Term Debt42.7751.1050.6049.6547.6352.5751.7152.7648.5149.21
Trade Payables34.5227.0118.9424.7735.7721.2032.4545.0442.7521.98
Others Liabilities 60.2958.0958.1029.9928.5127.9537.5143.0450.2746.12
Total Liabilities 256.68237.27232.27212.66217.83208.36238.04269.71321.99279.55

Fixed Assets

Gross Block295.76297.51299.61130.99132.31134.79161.55162.66208.20226.06
Accumulated Depreciation148.03159.24169.4710.5720.6030.7539.5251.8865.2180.35
Net Fixed Assets147.73138.27130.14120.42111.71104.04122.02110.78143145.71
CWIP 000000.100.030.291.061.84
Investments 1.671.972.381.782.282.281.751.751.752.20
Inventories53.4334.4235.5138.9337.3345.665597.11103.0269.16
Trade Receivables27.982733.5831.4345.2834.3538.5939.3936.9231.21
Cash Equivalents 3.098.392.223.362.830.860.940.978.060.96
Others Assets22.7827.2328.4416.7418.4021.0719.7219.4328.1828.46
Total Assets 256.68237.27232.27212.66217.83208.36238.04269.71321.99279.55

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 18.4434.899.3421.3813.6712.3024.47-0.3528.4728.78
PBT 13.625.081.269.053.445.472.7610.4121.49-15.10
Adjustment 22.9521.4921.4721.1120.6017.1416.8420.9825.1126.70
Changes in Working Capital -15.439.61-12.7-8.78-9.91-8.565.47-30.13-12.6617.39
Tax Paid -2.71-1.30-0.680-0.46-1.75-0.60-1.61-5.47-0.21
Cash Flow From Investing Activity -1.58-1.40-5.47-0.47-0.45-1.24-29.10-1.34-46.05-17.70
Capex -2.02-1.82-1.46-0.86-0.91-2.23-30.48-1.48-46.25-18.01
Net Investments -0.02-0.30-0.40-0.01-0.5000.52000
Others 0.460.72-3.610.400.950.980.870.140.200.31
Cash Flow From Financing Activity -19.91-27.84-8.68-19.86-14.95-12.184.661.6920.92-14.38
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -18.40-23.873.94-7.73-3.74-2.858.6910.3037.37-2.88
Interest Paid -11.83-11.30-11.09-11.10-9.16-8.30-8.32-9.66-12.09-12.70
Dividend Paid 0-0.85-0.85-1.03-2.05-1.03-1.030-1.71-2.13
Others 10.328.18-0.680005.311.05-2.663.33
Net Cash Flow -3.055.65-4.811.05-1.73-1.120.030.013.34-3.31
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)21.617.080.846.273.864.92.448.2913.42-10.95
ROCE (%)18.311.969.4313.518.528.656.9311.6915.8-0.8
Asset Turnover Ratio1.040.980.880.940.90.980.860.911.20.88
PAT to CFO Conversion(x)1.9710.1122.244.953.962.7510.78-0.041.96N/A
Working Capital Days
Receivable Days35415457736970623947
Inventory Days62666265727296120103119
Payable Days687873659584901087662

Sambandam Spinning Mills Ltd Stock News

Sambandam Spinning Mills Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Sambandam Spg. Mills on 19-Apr-2024 16:01 is ₹158.0.
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 19-Apr-2024 16:01 the market cap of Sambandam Spg. Mills stood at ₹67.38.
The latest P/E ratio of Sambandam Spg. Mills as of 19-Apr-2024 16:01 is 0.00.
The latest P/B ratio of Sambandam Spg. Mills as of 19-Apr-2024 16:01 is 0.72.
The 52-week high of Sambandam Spg. Mills is ₹207.8 and the 52-week low is ₹128.4.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Sambandam Spg. Mills is ₹206.2 ( Cr.) .

About Sambandam Spinning Mills Ltd

Sambandam Spinning Mills was incorporated in 1973 by S P Sambandam, S P Ratnam and S P Rajendiram. The company started operations with initial capacity of 2000 spindles.

Currently, the company operates five mills with 1,10,000 spindle capacity. These facilities are located in Salem and Namakkal districts of Tamil Nadu.

It also operates wind energy converters located in the state of Tamil Nadu. Thus, it has its own 100% power generating capacity.

Product Spectrum

  • 100% Cotton Autoconed / siro cleared
  • Single / Multi Ply Yarn
  • Carded / Combed Weaving & Knitting Yarns
  • Ring Doubled wet spliced / TFO Yarns
  • Value Added Products : Gassed Yarn

Award and Recognition

  • Sambandam Spinning Mills has received ISO 9001:2000 certification for quality management.
  • The company has been awarded organic cotton standards certificate of the Control Union Certifications, Netherlands.
  • It has also received ECO certificate from Shirley Technologies Limited, UK.
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