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Super Tannery Ltd (523842)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 523842 NSE: Leather | Small Cap | Super Tannery Share Price

₹7.33 0.04 (0.55%)

As on 04-Jun'26 16:59

Super Tannery Ltd (523842)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 523842 NSE: Leather | Small Cap | Super Tannery Share Price

₹7.33 0.04 (0.55%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹79 Cr.
Current Price
₹7.3
52-Week Low / High
₹5 / 10
TTM EPS
₹0.7
TTM Sales
₹236 Cr.
Book Value per Share
₹10.7
P/E Ratio
10.61
Lower than its 5-year historical median
Industry PE
17.6
Price to Book (P/B)
0.69
Lower than its 5-year historical median
Price to Sales (P/S)
0.34
Lower than its 5-year historical median
EV/EBITDA
6.82
Lower than its 5-year historical median
Dividend Yield
0.52%
Profitability Efficiency
Return on Equity (ROE)
6.94%
Outperforms industry median
Return on Capital Employed (ROCE)
8.93%
Outperforms industry median
Return on Assets (ROA)
2.84%
Operating Profit Margin
7.7%
Net Profit Margin
2.56%
Gross Profit Margin
6.4%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
25.17%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
19.47%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
22.84%
Asset Quality
Promoter Holding
58.42%
Pledged shares (%) of Promoter's holding (%)
51.12%
Reserves
₹105 Cr.
Equity
₹10.8 Cr.
Face Value
₹1
All Time Low / High
₹0.10 / 16.50

Super Tannery stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Super Tannery Ltd a good quality company?
Super Tannery Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Super Tannery Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Super Tannery Ltd vs industry peers?
Super Tannery Ltd revenue CAGR is 9.27%, compared to the industry median CAGR of 2.61%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Super Tannery Ltd?
Promoters hold 58.42% of the Super Tannery Ltd, with 51.12% of their stake pledged, indicating high pledge risk.
Q.1 Stock return of Super Tannery Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 5.4% based on the current price.

10 Year X-Ray : Login to view analysis.

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.
Super Tannery Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 9.2%8.2%7.3%7%6.9%7%6.3%7.3%7.7%8.9%-
Value Creation
Index
-0.3-0.4-0.5-0.5-0.5-0.5-0.6-0.5-0.5-0.4-

Growth Parameters

Sales 238233235186182191221225227284236
Sales YoY Gr.--2%0.8%-20.7%-2.2%4.7%15.9%1.5%1%25.2%-
Adj EPS 0.30.40.30.30.40.50.40.60.60.70.7
YoY Gr.-14.7%-12.8%-26.5%72%4.7%-17.8%56.8%0%19%-
BVPS (₹) 7.47.877.27.688.48.99.41010.7
Adj Net
Profit
3.74.23.72.74.64.946.36.27.57
Cash Flow from Ops. 12.9272.225.217.84.221.221.37.749.4-
Debt/CF from Ops. 8.43.536.12.84.119.63.73.210.21.4-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 2%9.3%8.7%25.2%
Adj EPS 8.2%9.9%23.1%19%
BVPS3.4%5.8%6.2%6.7%
Share Price 5.9% 11% -1.3% -19.9%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
4.65.14.63.55.85.84.56.76.37.16.7
Op. Profit
Mgn %
9.297.18.88.48.677.687.79.3
Net Profit
Mgn %
1.51.81.61.42.52.61.82.82.82.63.2
Debt to
Equity
1.31.11.10.90.910.90.70.80.60
Working Cap
Days
265272255284274281244222222177116
Cash Conv.
Cycle
15817415517516816314112612289-0

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales237.81233.05234.93186.39182.35190.86221.18224.59226.90284
Operating Expenses + 216212.85218.99170.72167.28174.81205.72208.05209.13262.77
Manufacturing Costs71.3579.0563.6958.7569.2265.1174.0582.5383.68108.13
Material Costs114.72103.04126.548671.8385.31103.1493.4989.64108.97
Employee Cost 7.838.078.637.417.207.488.279.4610.7212.67
Other Costs 22.1022.6920.1418.5619.0316.9220.2622.5725.0933
Operating Profit 21.8220.2015.9415.6815.0716.0415.4616.5417.7721.23
Operating Profit Margin (%) 9.2%8.7%6.8%8.4%8.3%8.4%7.0%7.4%7.8%7.5%
Other Income + 2.152.021.950.820.981.171.422.062.132.14
Exceptional Items 0000000000
Interest 9.609.085.996.306.705.333.964.464.625.28
Depreciation 7.267.295.705.965.705.956.276.566.717.44
Profit Before Tax 7.115.846.204.233.645.936.647.598.5710.65
Tax 3.542.052.132.11-0.851.322.611.532.663.39
Profit After Tax 3.573.794.072.134.494.614.036.065.917.26
PAT Margin (%) 1.5%1.6%1.7%1.1%2.5%2.4%1.8%2.7%2.6%2.6%
Adjusted EPS (₹)0.30.40.40.20.40.40.40.60.60.7
Dividend Payout Ratio (%)0%0%0%0%0%11.70%13.40%8.90%9.10%7.40%

Valuation of Super Tannery - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 82.1084.0175.4577.6581.7486.5090.1695.79101.27108.10
Share Capital 10.8010.8010.8010.8010.8010.8010.8010.8010.8010.80
Reserves 71.3073.2264.6566.8570.9475.7079.3784.9990.4897.30
Debt +10592.3378.8670.4670.8081.6776.8167.9278.1568.67
Long Term Debt2.670.360.600.503.362.800.540.450.852.34
Short Term Debt102.3391.9778.2669.9767.4478.8776.2767.4777.3066.34
Minority Interest0000000000
Trade Payables36.4442.3831.2030.9634.5142.6433.4235.4633.2346.10
Others Liabilities 29.2930.3029.5824.4026.3827.0930.0127.7733.4242.76
Total Liabilities 252.83249.03215.09203.47213.44237.89230.41226.94246.07265.63

Fixed Assets

Net Fixed Assets +68.5063.7952.5955.6762.4370.4371.2571.7977.4291.12
Gross Block123.75124.4263.9672.3284.7398.30104.69111.64123.18143.59
Accumulated Depreciation55.2560.6311.3616.6522.3027.8833.4339.8545.7652.47
CWIP 1.422.022.674.521.652.148.4011.2513.3020.79
Investments 2.912.942.893.192.932.973.023.083.347.91
Inventories98.19108.5671.7879.7486.0978.6364.7459.5655.5653.94
Trade Receivables51.6045.5155.9437.1836.8856.1953.2653.3959.8755.51
Cash Equivalents 5.845.883.024.388.346.888.077.829.4312.87
Others Assets 24.3620.3226.1918.7915.1120.6521.6620.0427.1523.47
Total Assets 252.83249.03215.09203.47213.44237.89230.41226.94246.07265.63

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 12.8726.982.1925.1517.794.2221.2221.327.6949.41
PBT 7.115.846.204.233.645.936.647.598.5710.65
Adjustment 15.6715.109.2010.7710.259.878.198.999.6510.25
Changes in Working Capital -6.698.69-10.7411.795.47-10.997.745.97-929.84
Tax Paid -3.23-2.65-2.46-1.64-1.58-0.58-1.35-1.23-1.53-1.33
Cash Flow From Investing Activity + -10.49-5.08-3.45-10.63-11.12-13.83-11.27-7.52-14.22-30.49
Capex -8.83-4.92-3.32-10.14-9.16-13.94-11.46-8.38-11.65-28.22
Net Investments -0.31-0.03-0.06-0.300.26000-0.23-4.58
Others -1.35-0.13-0.06-0.19-2.220.110.190.86-2.352.31
Cash Flow From Financing Activity + -0.32-22.10-1.19-13.50-5.167.99-8.81-13.385.53-13.99
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 00-0.49-0.242.870.68-2.26-0.090.401.49
Interest Paid -8.48-8.03-5.04-4.96-5.50-4.12-2.85-3.52-4.13-4.24
Dividend Paid -0.610.010000-0.54-0.54-0.54-0.54
Others 8.77-14.084.34-8.30-2.5311.43-3.17-9.239.80-10.69
Net Cash Flow 2.06-0.21-2.451.021.51-1.621.140.42-14.93

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)4.554.625.12.785.645.484.566.5266.94
ROCE (%)9.28.177.346.956.856.976.297.267.688.93
Asset Turnover Ratio0.960.931.010.890.870.850.940.980.961.11
PAT to CFO Conversion(x)3.617.120.5411.813.960.925.273.521.36.81
Working Capital Days
Receivable Days79.5075.8078.8091.2074.108990.3086.7091.1074.20
Inventory Days144.60161.40140.10148.40166157.50118.3010192.6070.40
Payable Days121.30139.60106.10131.90166.30165.10134.60134.50139.90132.90

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *51.1051.1251.1251.120.000.000.000.000.0051.12
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Super Tannery Ltd FAQs

The current trading price of Super Tannery on 04-Jun-2026 16:59 is ₹7.33.

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 03-Jun-2026 the market cap of Super Tannery stood at ₹79.14 Cr

The latest P/E ratio of Super Tannery as of 03-Jun-2026 is 10.61.

The latest P/B ratio of Super Tannery as of 03-Jun-2026 is 0.69.

The 52-week high of Super Tannery is ₹10.49 and the 52-week low is ₹5.11.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Super Tannery is ₹236 ( Cr.) .

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

The key valuation ratios of Super Tannery Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

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

About Super Tannery Ltd

Super Tannery the buyer driven organization, founded by Ch. Ehsan Kareem with a conviction to bring distant people closer, promotes understanding, friendship and co-operation among nations. This name is reckoned in the international leather forums  for fusing new knowledge and technologies to create new products for the benefit of all mankind.

Safety shoes, military boots or specialty leather for industrial application and upholsteries Super Tannery's second nature is to lead from the front in the innovative ventures. Past five decades have recorded the company's growth on a 40,000 sq. m plot of land. Not just in terms of sheds, yards, machines and structures but with in the form of pioneers who build goodwill for leather ware internationally.

Super Tannery standard of building customitized select list as per market demands holds it apart to reign supreme. Uninterrupted production flow and effective management features help it bear the hallmark company seal.

The eco friendly site at Banther having proximity and connectivity for customer convenience location wise covers a huge working area of 80000 sq. feet was developed for goat leather production. A focal venture of the dedicated, professional shared and sharpened experience holders in management of international acumen in leather standard.  The company’s ability to relate to a customer's requirements and respond with the flexibility of products made-to-order-and-deliver capability is a definite edge it enjoys over its competition. Combining them with state-of-the-art machinery, the company is engaged in a constant endeavour to set the highest standards in quality, performance, reliability and professionalism.

One of the leading tanners and footwear manufacturers in Northern India, they export finished leather, footwear components, dress and casual shoes, as well as safety boots to several countries in Europe, Africa & Asia.

Product range of the company includes:

From its three shoe factories, it manufactures

  • Goodyear Welt safety shoes
  • Stitched down casual shoes
  • Hand lasted moccasin
  • Cement lasted dress shoes
  • Vulcanized safety shoes & combat boots
  • It produces Safety Shoes/Boots which conform to the safety norms specified under EN345.

Achievements/ recognition

  • An ISO 9001-2000 Certified company.
  • It possesses certification from basic safety to S3 version
  • It produces safety shoes/boots which conform to the safety norms specified under EN345
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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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