Salona Cotspin Ltd - Stock Valuation and Financial Performance

BSE: 590056 | NSE: SALONA | Textile - Spinning | Small Cap

Salona Cotspin Ltd Share Price

322.60 -8.25 -2.49%
as on 23-Feb'24 17:00

DeciZen - make an informed investing decision on Salona Cotspin

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Salona Cotspin stock performance -

mw4me loader
P/E Ratio (SA):
20.33
Market Cap:
170.1 Cr.
52-wk low:
202.1
52-wk high:
355

Is Salona Cotspin Ltd an attractive stock to invest in?

1. Is Salona Cotspin Ltd a good quality company?

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

2. Is Salona Cotspin Ltd undervalued or overvalued?

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

3. Is Salona Cotspin Ltd a good buy now?

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

10 Year X-Ray of Salona Cotspin:

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.
Salona Cotspin 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 % 14.7%8.1%8.1%8.4%7.2%5.7%5.2%10.4%16.1%11.3%-
Value Creation
Index
0.1-0.4-0.4-0.4-0.5-0.6-0.6-0.30.2-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 106103100121107133122230647487703
Sales YoY Gr.--3.2%-2.7%21.1%-12%24.4%-8.3%88.9%181.2%-24.8%-
Adj EPS 10.83.94.36.34.732.212.537.833.415.9
YoY Gr.--63.9%10.8%46.9%-25.6%-35.5%-26.6%460.5%202.1%-11.5%-
BVPS (₹) 38.94346.652.956.959.460.972.1108.6140.8149.6
Adj Net
Profit
5.72.12.33.32.51.61.26.619.917.68
Cash Flow from Ops. 11.79.80-346.414.3-23.7-34.8-5-
Debt/CF from Ops. 2.92.6753-11.910.97.92.8-3.2-4-31.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 18.4%35.4%58.7%-24.8%
Adj EPS 13.4%48%146.6%-11.5%
BVPS15.4%19.9%32.3%29.6%
Share Price 33.4% 39% 52.8% 41.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
31.19.49.612.78.65.23.718.841.726.811
Op. Profit
Mgn %
15.59.48.77.18.77.676.75.87.24.1
Net Profit
Mgn %
5.322.32.82.31.212.93.13.61.2
Debt to
Equity
1.61.11.21.31.41.61.322.42.1-
Working Cap
Days
1161221401471991731831358315557
Cash Conv.
Cycle
96101113121160137140966210915

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 58.69%

Net Profit is growing at healthy rate in last 3 years 146.57%

Sales growth is good in last 4 quarters at 56.57%

Return on Equity has declined versus last 3 years average to 11.00%

Debt to equity has increased versus last 3 years average to 2.12

Latest Financials - Salona Cotspin Ltd.

Standalone Consolidated
TTM EPS (₹) 15.9 -
TTM Sales (₹ Cr.) 703 -
BVPS (₹.) 149.6 -
Reserves (₹ Cr.) 73 -
P/BV 2.16 -
PE 20.33 -
From the Market
52 Week Low / High (₹) 202.05 / 355.00
All Time Low / High (₹) 6.37 / 372.00
Market Cap (₹ Cr.) 170
Equity (₹ Cr.) 5.3
Face Value (₹) 10
Industry PE 34.3

Management X-Ray of Salona Cotspin:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.140.140.140.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Salona Cotspin

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Balance Sheet

(All Figures are in Crores.)

Profit And Loss

(All Figures in Cr. Adjusted EPS in Rs.)

Cash Flow

(All Figures are in Crores.)

Salona Cotspin Ltd Stock News

Salona Cotspin Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Salona Cotspin on 23-Feb-2024 17:00 is ₹322.6.
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 23-Feb-2024 17:00 the market cap of Salona Cotspin stood at ₹170.1.
The latest P/E ratio of Salona Cotspin as of 23-Feb-2024 17:00 is 20.33.
The latest P/B ratio of Salona Cotspin as of 23-Feb-2024 17:00 is 2.16.
The 52-week high of Salona Cotspin is ₹355.0 and the 52-week low is ₹202.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Salona Cotspin is ₹702.9 ( Cr.) .

About Salona Cotspin Ltd

Salona Cotspin, a Salona Group company, is engaged in the manufacture of carded and combed, ring spun greige yarns for knitting and weaving applications, from cotton. Salona Cotspin was incorporated in 1994 as a public limited company having administrative and export division Office at Coimbatore and Branches at Calcutta and  Tirupur.

The Salona Group is a leading Indian manufacturer and exporter of Cotton Yarn, Knitted / Woven / Fabrics and Garments. The registered office and manufacturing unit of Salona Cotspin is at Poongampalli Erode District with an installed capacity of 11,000 spindles. The company is listed at Coimbatore, Calcutta,Chennai & Ahmedabad Stock Exchanges. The company specializes in 100% cotton yarn.

Salona yarn is made on state-of-the-art machines. They are designed to provide maximum flexibility  to the customers while maintaining  the desired  quality of their knitting and weaving customers The raw materials, the work in progress materials and the final yarn produced are continuously tested to ensure that the yarn quality is of the  highest international standards.

Product range of the company includes:

  • 100% Cotton Yarn
  • Ring Spin for Knitting & Weaving
  • Count - 20/1 TO 40/1
  • Carded - Semicombed & Super Combed
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