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Sarla Performance Fibres Ltd Stock Analysis

Small Cap
Evaluated by 499 users | BSE: 526885 | NSE: SARLAPOLY |
Textile - Manmade Fibres
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...

Analysis of Financial Track Record

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.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 11.07%10.11%12.64%11.62%11.85%13.4%10.3%9.38%7%8.28%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 159182234246267243263272316298
Y-o-Y Gr. Rt.-14.7%28.3%5.4%8.5%-8.8%7.9%3.7%16.2%-5.7%
Adjusted EPS (Rs.) 1.681.712.742.993.395.074.273.963.014.03
Y-o-Y Gr. Rt.-1.8%60.2%9.1%13.4%49.6%-15.8%-7.3%-24%33.9%
Book Value per Share (Rs.) 12.1713.1815.2817.7122.9627.1231.8535.5438.4942.17
Adjusted Net Profit 11.711.91920.828.342.335.733.125.133.7
Net Op. Cash Flow (Rs. Cr.) 14.11.421.825.1-5.949.264.933.612.439.3
Debt to Cash Flow from Ops 3.2943.524.724.06-20.822.932.133.2912.264.28
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Sarla Performance Fibres Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 7.3%2.3%4.4%-5.7%
Adjusted EPS 10.2%3.5%-1.9%33.9%
Book Value per Share 14.812.99.89.6
Share Price 12.5% -13.7% -25.4% 6.7%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 14.5713.4919.2418.121820.2414.4811.758.1210
Operating Profit Margin (%) 14.9714.0616.315.3316.8620.6421.8519.7614.8915.78
Net Profit Margin (%) 7.366.538.158.4410.6117.3813.5812.157.9311.29
Debt to Equity 0.550.690.970.830.640.640.520.370.470.48
Working Capital Days 180190168172191243246280284284
Cash Conversion Cycle 97121123132119129123127122146
Entity Percentage Holding
Promoters 55.11%
Institutions 0.02%
Non-Institutions 44.87%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Sarla Performance Fibres Ltd's performance infers:

Sarla Performance Fibres Ltd earnings have grown by 3.5%, whereas share price has depreciated -13.7% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Sarla Performance Fibres Ltd share prices over the last 10 years. Here is what we found out:

Sarla Performance Fibres Ltd share price has depreciated 7.5% annually over the past ten years.

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

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

  • Polyester Textured Yarn
  • Polyamide 6 and 66 yarn (Nylon) 
  • Polyester Sewing Thread
  • Covered Yarn
  • High Tenacity yarn
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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