Is Singer India a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Singer India Ltd is a average quality company .

Is Singer India undervalued or overvalued?

The key valuation ratios of Singer India Ltd's currently when compared to its past seem to suggest it is in the Fair zone .

What is Singer India share price return in the past 10 years?

Singer India Ltd share price has appreciated 18.4% annually (CAGR) over the past ten years.

Is Singer India a good buy now?

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

Singer India Ltd - Stock Valuation and Financial Performance

Name: Singer India
Brand: Singer India

BSE: 505729 | NSE: SINGER | Consumer Durables - Domestic Appliances | Small Cap

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Singer India Share Price

₹88.90 -0.87 -0.97%
as on 16-Apr'24 16:01

10 Year X-Ray of Singer India:

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

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Jun'14	Jun'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	18.2%	15.5%	13.1%	15.3%	15%	13.4%	12.1%	15.7%	10.8%	3.7%	-
Value Creation Index ⓘ	0.3	0.1	-0.1	0.1	0.1	0.0	-0.1	0.1	-0.2	-0.7	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	243	285	319	369	422	483	451	415	453	460	427
Sales YoY Gr.	-	17.1%	12%	15.5%	14.4%	14.6%	-6.6%	-8.1%	9.3%	1.6%	-
Adj EPS ⓘ	1.3	1.2	1.5	1.4	1.6	1.7	1.5	2	1.4	0.5	0.4
YoY Gr.	-	-5.4%	20.3%	-4.1%	15.5%	3.1%	-12.4%	32.4%	-31.1%	-60%	-
BVPS (₹) ⓘ	6.1	6.8	9.7	9.8	10.7	11	12	13.5	14.4	22.2	22.8
Adj Net Profit ⓘ	7	6.6	8	7.6	8.8	9.1	8	10.5	7.2	3.3	2
Cash Flow from Ops. ⓘ	4.3	3.6	5.1	-6.6	-5	0.5	17.5	28.6	13.7	-0.6	-
Debt/CF from Ops. ⓘ	0	0	0	-0.5	-2.8	47.8	1	0	0	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	7.3%	1.8%	0.7%	1.6%
Adj EPS ⓘ	-9.3%	-19.9%	-28.5%	-60%
BVPSⓘ	15.4%	15.9%	22.8%	54.8%
Share Price	18.4%	13.1%	31.9%	19.2%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Jun'14	Jun'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
Return on Equity % ⓘ	17.5	15.1	12.8	15.1	16	15.7	12.9	15.4	9.7	3.1	1.8
Op. Profit Mgn % ⓘ	3.6	3.1	3.4	3	3.2	3.2	3.4	4.5	2.3	0.5	-0.3
Net Profit Mgn % ⓘ	2.9	2.3	2.5	2.1	2.1	1.9	1.8	2.5	1.6	0.7	0.6
Debt to Equity ⓘ	0	0	0	0.1	0.2	0.4	0.3	0	0	0	-
Working Cap Days ⓘ	68	75	109	84	94	102	118	124	110	103	85
Cash Conv. Cycle ⓘ	29	24	35	32	38	42	49	46	40	43	52

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 1.80%

Sales growth has been subdued in last 3 years 0.67%

Net Profit has been subdued in last 3 years -28.54%

Sales growth is not so good in last 4 quarters at -9.21%

Latest Financials - Singer India Ltd.

	Standalone	Consolidated
TTM EPS (₹)	0.4	1.3
TTM Sales (₹ Cr.)	427	451
BVPS (₹.) ⓘ	22.8	0
Reserves (₹ Cr.) ⓘ	127	54
P/BV ⓘ	3.89	0.00
PE ⓘ	224.11	68.00

From the Market
52 Week Low / High (₹)	71.70 / 134.40
All Time Low / High (₹)	1.00 / 134.40
Market Cap (₹ Cr.)	542
Equity (₹ Cr.)	12.2
Face Value (₹)	2
Industry PE ⓘ	57.9

Management X-Ray of Singer India:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Singer India

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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 Singer India

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Jun'14	Jun'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Sales	243	285	239	369	422	483	451	415	453	460
Operating Expenses ⓘ	235	276	231	358	408	467	436	396	443	458
Manufacturing Costs	1	2	1	2	2	2	3	3	3	3
Material Costs	194	226	183	285	326	369	344	317	352	358
Employee Cost	10	13	12	20	22	26	26	24	28	30
Other Costs ⓘ	29	36	35	50	58	70	63	52	60	67
Operating Profit ⓘ	9	9	8	11	14	16	15	19	10	2
Operating Profit Margin (%)	3.5%	3.0%	3.4%	2.9%	3.2%	3.2%	3.4%	4.5%	2.3%	0.5%
Other Income ⓘ	2	2	2	2	1	2	4	3	3	4
Interest ⓘ	0	0	0	0	1	2	3	2	1	1
Depreciation ⓘ	1	1	1	1	1	1	4	3	2	2
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	7
Profit Before Tax ⓘ	9	10	9	11	13	15	12	16	10	11
Tax ⓘ	2	3	3	4	4	5	4	5	2	3
Profit After Tax	7	6	6	8	9	9	8	11	8	8
PAT Margin (%)	2.9%	2.2%	2.5%	2.1%	2.1%	1.9%	1.8%	2.6%	1.7%	1.8%
Adjusted EPS (₹)	1.3	1.2	1.1	1.4	1.7	1.7	1.5	2.0	1.4	1.4
Dividend Payout Ratio (%)	23%	42%	45%	49%	45%	46%	0%	51%	70%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Jun'14	Jun'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Equity and Liabilities
Shareholders Fund	42	45	48	53	57	59	64	72	77	136
Share Capital ⓘ	11	11	11	11	11	11	11	11	11	12
Reserves ⓘ	31	35	37	42	46	48	54	61	66	124
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	0	0	0	3	14	22	17	0	0	0
Long Term Debt	0	0	0	0	0	0	0	0	0	0
Short Term Debt	0	0	0	3	14	22	17	0	0	0
Trade Payables	25	32	37	46	62	71	69	75	65	61
Others Liabilities ⓘ	7	13	16	9	8	12	14	20	29	22
Total Liabilities ⓘ	75	90	101	111	141	164	165	168	171	219
Fixed Assets
Gross Block	25	26	27	13	14	15	18	19	16	17
Accumulated Depreciation	14	14	15	1	2	3	6	8	7	9
Net Fixed Assetsⓘ	12	12	12	12	12	12	12	11	8	9
CWIP ⓘ	0	0	0	0	0	0	0	0	0	0
Investmentsⓘ	0	0	0	0	0	2	2	2	2	2
Inventories	25	30	39	54	66	74	75	80	73	79
Trade Receivables	19	26	24	34	48	66	57	48	50	40
Cash Equivalents	12	12	13	5	5	3	7	16	24	82
Others Assetsⓘ	8	11	14	5	9	8	12	11	13	8
Total Assets ⓘ	75	90	101	111	141	164	165	168	171	219

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Jun'14	Jun'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Cash Flow From Operating Activity ⓘ	4	4	4	-7	-5	0	17	29	14	-1
PBT ⓘ	9	10	9	11	13	15	12	16	10	11
Adjustment ⓘ	0	0	1	1	2	2	5	6	2	-6
Changes in Working Capital ⓘ	-3	-5	-3	-16	-17	-13	3	11	5	-3
Tax Paid ⓘ	-2	-2	-2	-3	-3	-3	-3	-4	-3	-3
Cash Flow From Investing Activity ⓘ	-1	-4	-1	5	-1	-2	-2	-4	7	-47
Capex	0	-1	-1	-1	-1	-1	-2	2	-1	9
Net Investments	0	0	-1	5	0	-1	-1	-7	7	-55
Others ⓘ	0	-3	1	1	0	0	0	1	0	0
Cash Flow From Financing Activityⓘ	-2	-2	-3	-3	-5	-9	-6	-6	-4	49
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	56
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	0	0	0	0	0	-1	-2	-1	0	0
Dividend Paid ⓘ	-2	-2	-3	-3	-4	-6	-2	-3	-3	-5
Others ⓘ	0	0	-1	-1	-1	-1	-2	-3	-1	-1
Net Cash Flow ⓘ	2	-3	0	-5	-11	-10	9	18	16	2

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Jun'14	Jun'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Ratios
ROE (%)	22.9	18.49	15.88	16.59	16.29	15.94	13.17	15.54	10.28	7.81
ROCE (%)	31.36	28.56	24.12	24.61	21.61	21.27	18.61	23.75	14.57	11.1
Asset Turnover Ratio	3.61	3.45	2.5	3.48	3.36	3.17	2.74	2.49	2.67	2.36
PAT to CFO Conversion(x)	0.57	0.67	0.67	-0.88	-0.56	0	2.13	2.64	1.75	-0.13
Working Capital Days
Receivable Days	24	28	38	29	35	43	50	46	39	35
Inventory Days	34	35	52	46	52	53	60	68	62	60
Payable Days	34	46	68	53	60	65	74	83	73	64

Singer India Ltd Stock News

Singer India Ltd FAQs

What is the share price of Singer India?

Company share prices are keep on changing according to the market conditions. The closing price of Singer India on 16-Apr-2024 16:01 is ₹88.90.

What is the market cap of Singer India?

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 16-Apr-2024 16:01 the market cap of Singer India stood at ₹542.4.

What is the P/E ratio of Singer India?

The latest P/E ratio of Singer India as of 16-Apr-2024 16:01 is 224.1.

What is the P/B ratio of Singer India?

The latest P/B ratio of Singer India as of 16-Apr-2024 16:01 is 3.89.

What is the 52-week high and low of Singer India?

The 52-week high of Singer India is ₹134.4 and the 52-week low is ₹71.70.

What is the TTM revenue of Singer India?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Singer India is ₹426.6 ( Cr.) .

About Singer India Ltd

Singer made an entry into the Indian sub-continent when it established its office in Bombay in the year 1951, the commercial hub of this sub-continent. Singer and sewing were to soon become synonymous. Now, 137 years later Singer is a leading player in sewing machines.

The company got incorporated on October 19, 1977 mainly for acquiring the business and undertaking of the Indian branch and it obtained the Certificate of Commencement of Business on March 13, 1978.

Product range of the company includes:

The company is mainly engaged in the manufacturing of Sewing machines

Straight Stitch

Singer Premium
Singer Popular
Singer Star
Merritt Magna
Merritt Taylor

Zig Zag

Singer 8280
Singer4228
Singer 2818
Singer Trendy

Industrial

Merritt 8103
Merritt Finedge
Merritt Workmate
Merritt Craftsman
Merritt Universl
Merritt Stitch Master

Milestones:

1851- Isaac Merritt Singer formed I.M. Singer & Company with New York lawyer Edward C. Clark, following Singer's first lockstitch sewing machine patent. The Singer Sewing Machine is offered for sale all over the United States. Within two years Singer is the leading manufacturer and marketer of sewing machines in the United States.
1852- Singer patented a tension device.
1853- I. M. Singer & Co. sets-up corporate offices and a manufacturing facility in New York City. Company is renamed Singer Manufacturing Company.
The first Singer sewing machines, manufactured in New York, sell for $100 each.
1855- Singer becomes the world's largest sewing company. Singer begins overseas expansion, starting in Paris, France, making Singer the worldâ€™s first international company.
A Singer sewing machine was awarded a first prize at the World's Fair in Paris.
1856- Edward Clark originated the hire-purchase plan, the prototype for all installment selling or time payment purchases. As a result, individuals with even meager income could own a Singer sewing machine. Even better, they could increase their productivity, earn more money and improve their position in life.
1857- First Singer showroom and headquarters located at 458 Broadway, New York City.
1858- The first lightweight domestic machine, the 'Grasshopper,' was introduced.
Unit sales topped 3,000 a year.
Singer opened three manufacturing plants in New York City.
Singer opens an operation in Brazil.
1859- Singer received first of three patents for lock-stitch vibrating shuttle machines.
1861- Foreign sales exceed U.S. sales for the first time.
1863 -The company was incorporated as the Singer Manufacturing Company, holding 22 patents and with capital assets of $550,000. Some 20,000 home sewing machines were being sold annually.
1865- The 'New Family' sewing machine introduced.
1866- Singer patented an oscillating shuttle sewing machine.
1867- Singer opens its first factory outside of the United States, in Glasgow, Scotland.
1868- Cabinet factory opened in South Bend, Indiana.
1870- The Singer Company sells 170,000 machines.
The Singer Manufacturing Company opened sales and distribution centers in England.
The Singer Red â€œSâ€ girl trademark made her debut. Her trademark is produced in several languages, becoming one of the most recognized trademarks in the world.
1870- Red 'S' girl trademark made her debut-destined to become one of the best known emblems in the world.
1871- Singer's Bridgton factory became the largest in Britain.
Unit sales reached 180,000 a year.
1872- Elizabethport, New Jersey became the site of a large, state-of-the-art manufacturing facility.
1873- With the official opening of the factory in Elizabethport, the Singer Manufacturing Company became a New Jersey Corporation under a special charter.
Canadian manufacturing began.
1875- I.M. Singer dies in Torquay, England at age 63.
1880- An Edison electric motor drives a sewing machine.
Singer sewing machine sales worldwide exceed 500,000 machines. Additional factories are established in the United States.
1881-Factory opened in Cairo, Illinois.
1882-Factories opened in Montreal, Quebec, Canada and Floridsdorf, Austria.
1883- To meet growing demand in Europe, Singer opened the largest sewing machine factory in the world in Kilbowie Scotland. This factory at one point employed 12,000 workers and its most distinctive feature was the second largest clock tower in the world at almost 200 feet high.
1884- Statue of Liberty, believed to be in Isabella Singer's likeness, is given to U.S.
1889-Singer introduced the first practical electric sewing machine.
1890-Singer claims 80% worldwide market share in sewing machines.
1891-First use of electric motor to power a commercial machines.
1892-Singer developed a commercial zigzag machine.
1900-Singer Company was producing 40 different sewing machine models.
The 'Singer 66' was introduced.
Kilbowie, Scotland factory renamed Clydebank.
1902-Factory opened in Podolsk, Russia.
1903-Annual sales reach 1.35 million machines worldwide.
1904-New factories opened in Wittenberge, Prussia and St. John's, Quebec, Canada.
Russian corporate headquarters opened. It was Russia's first steel girder structure.
Singer Sewing Machine Company became the sales and distribution division of Singer Manufacturing Company.
1905-Singer acquired Wheeler and Wilson Manufacturing Company.
1907-Factory opened in Bridgeport, Connecticut.
1908- Singer Building at 149 Broadway in New York City opens. At the time of its completion it was the first skyscraper and the tallest building in the world, standing at 47 stories, 612 feet tall. It was headquarters for the Executive Office for 54 years.
1913-Singer sales reach 3 million machines worldwide.
1921- Singer introduced the 'Portable Electric,' an electric-motor powered model 99K.
1927- First Singer Sewing Center, offering sewing courses, was introduced in New York City.
1929- Nine worldwide Singer manufacturing facilities exist, employing 27,000 people and producing 3,000 models.
Singer purchased the Standard Sewing Machine Company.
First vacuum cleaner introduced, launching Singerâ€™s strategy of diversification beyond sewing machines.
1933- Singer introduced its 'Featherweight' at the Chicago's World Fair.
Factories opened in Monsa, Italy and Bounieres, France.
1949- Singer developed Model 95K capable of 4,000 stitches per minute.
1950- Plant opened in Anderson, South Carolina.
1951- Singer Sewing Centers train an estimated 400,000 housewives.
Singer recovers from World War II when sewing machine production was suspended, reaching $307.8 million in sales during its centennial year.
1952- Singer introduced the model 206, its first zigzag machine.
1955- New factory in Campinas, Brazil opened.
1957-Annual sales reached $359 million.
1958- Annual sales reached $507 million.
1960- Singer begins diversification. In the following years the Company will make acquisitions in electric and electric test equipment and office machinery, including Packard Bell Electronics (1966) and General Precision Equipment Corporation (1968).
1961- Executive Office moved to 30 Rockefeller Plaza, New York City.
1963- The Singer Manufacturing Company changed its name to 'The Singer Company.'
1965-Singer introduces the 'Touch and Sew' sewing machines.
Consolidated sales reached $979.8 million.
1966-Consolidated sales reached billion-dollar mark for the first time.
1970-Sales first topped $2 billion.
1971- Consolidated sales were $2.1 billion; shareholders numbered over 60,000. Singer employed nearly 120,000 people worldwide.
1973 - Company stock was listed on the London Stock Exchange.
Annual Sales reached $2.5 billion.
1975 - Singer introduces the world's first electronic sewing machine, the Athena 2000.
1978 - Singer introduced the Touchtronic 2001, the world's first computer-controlled machine.
1979- Singer Headquarters are relocated to a new facility in Stamford, Connecticut.
1985- Singer introduced an entire new line of state-of the-art sewing machines with models designed to meet individual needs and budgets. These machines were built with 'Duratec,' a unique material which is stronger and lighter than aluminum yet provides double insulation. These easy to use sewing machines ranged from basic to the most sophisticated sewing machines and included a top-of-the-line electronic sewing machine which had the capacity to produce an unlimited number of stitch patterns, monograms, embroidery, and even sews sideways.
1989- Singer introduced the 9900 Unlimited with the largest microprocessor ever incorporated in a sewing machine.
1990- Singer introduced the 9900 Unlimited which contained the largest microprocessor ever incorporated in sewing machines. The model 9900 had many easy-to-use, time-saving features including a LED message center offering practical advice to the sewer.
1990- Singer introduced the QUANTUMÂ® line, a new series of sewing machines specifically for the professional and avid sewer who demands performance, ease-of-use and state of the art features.
Singer introduced the Magic Steam Ironing Pressâ„¢, an at-home version of presses found in most tailor shops and dry cleaning stores.
1990- The Quantumlock 4 and Quantumlock 5 overlocks offered exceptional performance with the most stitches available on any overlock.
1990- The Magic Steam Ironing Press was introduced, an at-home version of presses found in most tailor shops and dry cleaning stores. The Magic Steam Press cut ironing time in half and included a variable temperature control and automatic shut-off safety feature, plus burst of steam for stubborn wrinkles.
1991- Singer celebrated 140 years of innovation.
In August, the company went public with an initial public offering of 16,239,300 shares.
1994- Singer introduced the QUANTUMÂ® XL-100, its top-of-the-line embroidery sewing machine.
1995- Singer introduced the Elegance line of sewing machines and the Embroidery Unlimited Machine. The new Embroidery Unlimited machine brought professional embroidery and monogramming to your personal computer.
1996-Singer introduced the Millennium Series sewing machines.
1997-Singer introduced the Quantum Â® XL-1000, the most advanced machine in the market offering a wide variety of memory cards for serious embroiderers.
Singer Sewing Company's consumer products division relocated to Tennessee.
2001-Singer celebrated its 150th Anniversary.
Singer again launched the world's most advanced home sewing and embroidery machine: the QuantumÂ® XL-5000. The machine offers state of the art features such as a fully automated re
Threading system, wind-in-place bobbin winding system, and the next generation of Professional Sew-Wareâ„¢, making it the most powerful and user-friendly system on the market.