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BSE: 590056 | NSE: SALONA | Textile - Spinning | Small Cap
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 Fair zone.
3. Is Salona Cotspin Ltd a good buy now?
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Salona Cotspin Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘValue Creation Index Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | TTM | |||
| ROCE % ⓘ | 11.6% | 14.7% | 8.1% | 8.1% | 8.4% | 7.2% | 5.7% | 5.2% | 10.4% | 16.1% | - | ||
| Value Creation Index ⓘ | -0.2 | 0.1 | -0.4 | -0.4 | -0.4 | -0.5 | -0.6 | -0.6 | -0.3 | 0.2 | - | ||
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ |
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| Sales ⓘ | 85.7 | 106 | 103 | 100 | 121 | 107 | 133 | 122 | 230 | 647 | 487 | ||
| YoY Gr. Rt. % | - | 24.1% | -3.2% | -2.7% | 21.1% | -12% | 24.4% | -8.3% | 88.9% | 181.2% | - | ||
| Adj EPS ⓘ | 6.7 | 10.8 | 3.9 | 4.3 | 6.3 | 4.7 | 3 | 2.2 | 12.5 | 37.8 | 33.4 | ||
| YoY Gr. Rt. % | - | 60.6% | -63.9% | 10.8% | 46.9% | -25.6% | -35.5% | -26.6% | 460.5% | 202.1% | - | ||
| BVPS (₹) ⓘ | 29.4 | 38.9 | 43 | 46.6 | 52.9 | 56.9 | 59.4 | 60.9 | 72.1 | 108.6 | 144.7 | ||
| Adj Net Profit ⓘ | 3.5 | 5.7 | 2.1 | 2.3 | 3.3 | 2.5 | 1.6 | 1.2 | 6.6 | 19.9 | 18 | ||
| Cash Flow from Ops. ⓘ | 8 | 11.7 | 9.8 | 0 | -3 | 4 | 6.4 | 14.3 | -23.7 | -34.8 | - | ||
| Debt/CF from Ops. ⓘ | 5 | 2.9 | 2.6 | 753 | -11.9 | 10.9 | 7.9 | 2.8 | -3.2 | -4 | - | ||
CAGR ⓘCAGR Colour Code Guide ⓘ |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9 Years | 5 Years | 3 Years | 1 Years | |||||||||
| Sales ⓘ | 25.2% | 39.8% | 69.5% | 181.2% | ||||||||
| Adj EPS ⓘ | 21.2% | 42.9% | 131.6% | 202.1% | ||||||||
| BVPSⓘ | 15.6% | 15.5% | 22.3% | 50.6% | ||||||||
| Share Price | 37.7% | 21.9% | 69.5% | 1.2% | ||||||||
Key Financial Parameters ⓘPerformance Ratio Colour Code Guide ⓘ |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | TTM | ||
| Return on Equity % ⓘ | 24.9 | 31.1 | 9.4 | 9.6 | 12.7 | 8.6 | 5.2 | 3.7 | 18.8 | 41.7 | 26.4 | |
| Op. Profit Mgn % ⓘ | 16.3 | 15.5 | 9.4 | 8.7 | 7.1 | 8.7 | 7.6 | 7 | 6.7 | 5.8 | 5.5 | |
| Net Profit Mgn % ⓘ | 4.1 | 5.3 | 2 | 2.3 | 2.8 | 2.3 | 1.2 | 1 | 2.9 | 3.1 | 3.6 | |
| Debt to Equity ⓘ | 2.6 | 1.6 | 1.1 | 1.2 | 1.3 | 1.4 | 1.6 | 1.3 | 2 | 2.4 | - | |
| Working Cap Days ⓘ | 125 | 116 | 122 | 140 | 147 | 199 | 173 | 183 | 135 | 83 | 0 | |
| Cash Conv. Cycle ⓘ | 102 | 96 | 101 | 113 | 121 | 160 | 137 | 140 | 96 | 62 | 0 | |
Return on Equity has increased versus last 3 years average to 26.40%
Sales growth is growing at healthy rate in last 3 years 69.50%
Net Profit is growing at healthy rate in last 3 years 131.59%
Debt to equity has increased versus last 3 years average to 2.42
Sales growth is not so good in last 4 quarters at -14.89%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 33.4 | - |
| TTM Sales (₹ Cr.) | 487 | - |
| BVPS (₹.) ⓘ | 144.7 | - |
| Reserves (₹ Cr.) ⓘ | 71 | - |
| P/BV ⓘ | 1.81 | - |
| PE ⓘ | 7.85 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 202.00 / 327.95 |
| All Time Low / High (₹) | 6.37 / 372.00 |
| Market Cap (₹ Cr.) | 138 |
| Equity (₹ Cr.) | 5.3 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 28.1 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.14 | 0.14 | 0.14 | 0.00 | 0.00 | 0.00 |
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:
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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