Is Surat Trade and Mercantile a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Surat Trade and Mercantile Ltd is a below average quality company .

Is Surat Trade and Mercantile undervalued or overvalued?

The key valuation ratios of Surat Trade and Mercantile Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Surat Trade and Mercantile share price return in the past 10 years?

Surat Trade and Mercantile Ltd share price has appreciated 19.4% annually (CAGR) over the past ten years.

Is Surat Trade and Mercantile a good buy now?

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

What is the P/E ratio of Surat Trade and Mercantile?

The latest standalone P/E ratio of Surat Trade and Mercantile as of 26-Apr-2024 is 35.06.

What is the P/B ratio of Surat Trade and Mercantile?

The latest standalone P/B ratio of Surat Trade and Mercantile as of 26-Apr-2024 is 1.12.

What is the 52-week high and low of Surat Trade and Mercantile?

The 52-week high of Surat Trade and Mercantile is Rs. 13.90 and the 52-week low is Rs. 7.00.

Surat Trade and Mercantile Ltd - Stock Valuation and Financial Performance

Name: Surat Trade and Mercantile
Brand: Surat Trade and Mercantile

BSE: 530185 | NSE: | Textile - Manmade Fibres | Small Cap

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Surat Trade&Min. Share Price

₹10.24 0.06 0.59%
as on 26-Apr'24 16:01

10 Year X-Ray of Surat Trade&Min.:

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 ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	2.6%	2.9%	9.8%	15.6%	7.1%	10.1%	5.2%	-0.1%	0.6%	1.7%	-
Value Creation Index ⓘ	-0.8	-0.8	-0.3	0.1	-0.5	-0.3	-0.6	-1.0	-1.0	-0.9	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	182	128	117	139	201	216	180	0	0	25.3	58
Sales YoY Gr.	-	-29.7%	-8.1%	18.3%	44.5%	7.9%	-16.7%	-100%	NA	NA	-
Adj EPS ⓘ	0.1	0.1	0.4	0.7	0.3	0.5	0.3	-0	0	0.1	0.3
YoY Gr.	-	80%	288.9%	88.6%	-51.5%	56.3%	-48%	-103.9%	NA	300%	-
BVPS (₹) ⓘ	3.5	3.6	3.9	4.7	5.1	5.4	5.6	6.2	6	8.8	9.2
Adj Net Profit ⓘ	1.2	2	7.8	14.7	7	11.1	5.8	-0.2	0.8	2.7	6
Cash Flow from Ops. ⓘ	-17.7	2.2	20.2	-0.2	26.6	5.2	-1.4	-10.5	-7.6	-6.2	-
Debt/CF from Ops. ⓘ	-0.3	0.7	0.1	-3.5	0.1	0	0	0	0	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	-19.7%	-33.9%	-48%	NA
Adj EPS ⓘ	10.2%	-17.8%	-22.7%	300%
BVPSⓘ	10.8%	11.8%	16.3%	46.7%
Share Price	19.4%	30.2%	43.6%	35.6%

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 % ⓘ	1.5	2.5	9.4	15.5	6.5	9.5	4.7	-0.2	0.6	1.7	3.2
Op. Profit Mgn % ⓘ	1.7	2.6	7.4	9.4	6.8	4	3.9	0	0	-20.3	-11.2
Net Profit Mgn % ⓘ	0.6	1.5	6.7	10.6	3.5	5.1	3.2	0	0	10.8	11.1
Debt to Equity ⓘ	0.1	0	0	0	0	0	0	0	0	0	-
Working Cap Days ⓘ	139	196	180	141	107	96	103	0	0	587	310
Cash Conv. Cycle ⓘ	75	136	139	82	33	22	17	0	0	4	307

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 3.20%

Sales growth has been subdued in last 3 years -48.03%

Net Profit has been subdued in last 3 years -22.72%

Sales growth is not so good in last 4 quarters at 5.24%

Latest Financials - Surat Trade and Mercantile Ltd.

	Standalone	Consolidated
TTM EPS (₹)	0.3	0.8
TTM Sales (₹ Cr.)	58.2	157
BVPS (₹.) ⓘ	9.2	0
Reserves (₹ Cr.) ⓘ	181	81
P/BV ⓘ	1.12	0.00
PE ⓘ	35.06	13.66

From the Market
52 Week Low / High (₹)	7.00 / 13.90
All Time Low / High (₹)	0.50 / 34.15
Market Cap (₹ Cr.)	227
Equity (₹ Cr.)	22.2
Face Value (₹)	1
Industry PE ⓘ	32.6

Management X-Ray of Surat Trade&Min.:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Surat Trade&Min.

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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 Surat Trade&Min.

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	182	128	117	139	201	216	180	0	0	25
Operating Expenses ⓘ	178	124	112	126	187	208	173	5	6	30
Manufacturing Costs	24	14	14	14	23	24	24	0	0	0
Material Costs	143	102	86	106	156	176	141	0	0	25
Employee Cost	5	4	3	2	3	2	2	1	2	2
Other Costs ⓘ	7	5	10	3	4	5	6	3	4	4
Operating Profit ⓘ	3	3	5	13	14	8	7	-5	-6	-5
Operating Profit Margin (%)	1.7%	2.5%	4.0%	9.4%	6.7%	3.8%	3.9%	-	-	-20.2%
Other Income ⓘ	1	2	2	4	3	4	5	5	6	9
Interest ⓘ	1	1	1	0	1	1	1	0	0	0
Depreciation ⓘ	1	1	1	1	0	0	0	0	0	0
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	2	4	5	15	15	11	11	0	0	4
Tax ⓘ	1	1	-2	-1	7	-1	3	0	-1	1
Profit After Tax	1	3	6	17	8	12	8	0	1	3
PAT Margin (%)	0.6%	2.0%	5.2%	12.0%	4.1%	5.6%	4.3%	-	-	12.0%
Adjusted EPS (₹)	0.1	0.1	0.3	0.8	0.4	0.6	0.4	0.0	0.0	0.1
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	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	78	81	87	104	112	121	125	138	134	196
Share Capital ⓘ	22	22	22	22	22	22	22	22	22	22
Reserves ⓘ	56	58	65	82	90	99	103	116	112	174
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	6	1	1	0	2	0	0	0	0	0
Long Term Debt	1	1	1	0	0	0	0	0	0	0
Short Term Debt	4	0	0	0	2	0	0	0	0	0
Trade Payables	13	1	1	3	16	19	7	1	0	0
Others Liabilities ⓘ	18	13	11	3	6	1	3	5	7	2
Total Liabilities ⓘ	115	95	99	111	136	141	135	143	141	199
Fixed Assets
Gross Block	180	152	139	8	8	7	8	4	4	4
Accumulated Depreciation	160	142	131	1	1	1	2	2	2	2
Net Fixed Assetsⓘ	20	10	8	7	6	5	6	2	2	2
CWIP ⓘ	0	0	0	0	0	0	0	0	0	0
Investmentsⓘ	13	13	33	41	55	76	48	81	90	138
Inventories	48	42	49	16	17	16	8	10	1	0
Trade Receivables	14	11	2	8	1	4	4	2	0	0
Cash Equivalents	2	0	0	1	16	6	33	9	1	1
Others Assetsⓘ	18	19	8	38	41	34	37	40	46	58
Total Assets ⓘ	115	95	99	111	136	141	135	143	141	199

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 ⓘ	-18	2	20	0	27	5	-1	-10	-8	-6
PBT ⓘ	2	4	5	15	15	11	11	0	0	4
Adjustment ⓘ	1	0	6	-2	-1	-2	-3	-4	-6	-9
Changes in Working Capital ⓘ	-21	2	12	-12	16	-3	-7	-3	-2	-0
Tax Paid ⓘ	0	-4	-2	-2	-3	-1	-2	-3	0	-1
Cash Flow From Investing Activity ⓘ	8	1	-21	2	-12	-17	29	-30	-11	-55
Capex	-2	1	3	1	0	0	0	0	-1	-10
Net Investments	0	0	-24	5	-12	-23	27	-32	-13	-43
Others ⓘ	10	0	0	-4	0	5	2	2	2	-3
Cash Flow From Financing Activityⓘ	4	-5	1	-1	0	2	-14	0	1	0
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	1	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-1	0	1	0	-1	-1	-1	0	0	0
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	4	-4	0	0	2	3	-13	0	1	0
Net Cash Flow ⓘ	-6	-2	0	1	16	-11	14	-40	-18	-61

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 (%)	1.49	3.23	7.33	17.5	7.58	10.43	6.35	-0.16	0.58	1.84
ROCE (%)	3.77	5.15	6.28	16.39	14.66	10.09	9.4	-0.2	0.21	2.29
Asset Turnover Ratio	1.76	1.34	1.36	1.49	1.67	1.56	1.31	0	0	0.15
PAT to CFO Conversion(x)	-18	0.67	3.33	0	3.38	0.42	-0.13	N/A	-8	-2
Working Capital Days
Receivable Days	16	32	18	11	8	4	8	0	0	0
Inventory Days	87	116	125	75	29	28	24	0	0	0
Payable Days	33	14	5	5	5	11	17	0	0	4

Surat Trade and Mercantile Ltd Stock News

Surat Trade and Mercantile Ltd FAQs

What is the share price of Surat Trade&Min.?

Company share prices are keep on changing according to the market conditions. The closing price of Surat Trade&Min. on 26-Apr-2024 16:01 is ₹10.24.

What is the market cap of Surat Trade&Min.?

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 Surat Trade&Min. stood at ₹227.1.

What is the P/E ratio of Surat Trade&Min.?

The latest P/E ratio of Surat Trade&Min. as of 26-Apr-2024 16:01 is 35.06.

What is the P/B ratio of Surat Trade&Min.?

The latest P/B ratio of Surat Trade&Min. as of 26-Apr-2024 16:01 is 1.12.

What is the 52-week high and low of Surat Trade&Min.?

The 52-week high of Surat Trade&Min. is ₹13.90 and the 52-week low is ₹7.00.

What is the TTM revenue of Surat Trade&Min.?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Surat Trade&Min. is ₹58.18 ( Cr.) .

About Surat Trade and Mercantile Ltd

Surat Textile Mills was incorporated in 1945. The registered office of the company is situated at Garden Mills Complex,Sahara Gate, Surat,Gujarat-395010.

Business area of the company

The companyâ€™s principal activity is to manufacture yarn and polyester chips.

Products of the company

Cotton yarn
Synthetic filament yarn
Polyester chips.

History

2003- The company was ranked 491st in Business Barons- Global Data Services of Indiaâ€™s list of Indiaâ€™s 500 most outstanding companies.
2003- The company had ranked 888th in the 12th Business Today list of Indiaâ€™s most valuable private sector companies.
2004- The company had received a composite score of 11 out of a possible 15 in Industry 2.0â€™s SCM Metrics study.
2005- The company had re-appointed MR Momaya as director of the company and also appointed MR Momaya as the managing director of the company for a period of 5 years.
2007- S M Vig was reappointed as the director of the company.
2008- The board for industrial and financial reconstruction (BIFR) has approved the draft rehabilitation scheme (DRS) forwarded by Industrial Development Bank of India (IDBI), the operating agency (OA).