Salona Cotspin Ltd Stock Analysis

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

BSE Share Price 28-Nov-2022 18:01
276.45 0.00 (0.00%)

DeciZen - Make an Informed Decision on Salona Cotspin

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

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Salona Cotspin Price Chart

P/E Ratio (SA) :
7.37
Market Cap :
145.8 Cr.
52-wk low :
182
52-wk high :
372
Bole Toh?

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.

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'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 11.6%14.7%8.1%8.1%8.4%7.2%5.7%5.2%10.4%16.1%-
Value Creation Index -0.20.1-0.4-0.4-0.4-0.5-0.6-0.6-0.30.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 85.7106103100121107133122230647647
YoY Gr. Rt. %-24.1%-3.2%-2.7%21.1%-12%24.4%-8.3%88.9%181.2%-
Adj EPS 6.710.83.94.36.34.732.212.537.837.6
YoY Gr. Rt. %-60.6%-63.9%10.8%46.9%-25.6%-35.5%-26.6%460.5%202.1%-
BVPS (₹) 29.438.94346.652.956.959.460.972.1108.6120.7
Adj Net Profit 3.55.72.12.33.32.51.61.26.619.920
Cash Flow from Ops. 811.79.80-346.414.3-23.7-34.8-
Debt/CF from Ops. 52.92.6753-11.910.97.92.8-3.2-4-

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 15.615.522.350.6
Share Price 30.7% 14.9% 58.3% 36.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 24.931.19.49.612.78.65.23.718.841.732.8
Op. Profit Mgn % 16.315.59.48.77.18.77.676.75.85.8
Net Profit Mgn % 4.15.322.32.82.31.212.93.13.1
Debt to Equity 2.61.61.11.21.31.41.61.322.4-
Working Cap Days 125116122140147199173183135830
Cash Conv. Cycle 1029610111312116013714096620

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 32.80%

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%

Sales growth is good in last 4 quarters at 181.81%

Debt to equity has increased versus last 3 years average to 2.42

Latest Financials - Salona Cotspin Ltd.

Standalone Consolidated
TTM EPS (₹) 37.6 -
TTM Sales (₹ Cr.) 647 -
BVPS (₹.) 120.7 -
Reserves (₹ Cr.) 58 -
P/BV 2.29 -
PE 7.37 -
From the Market
52 Week Low / High (₹) 182.00 / 372.00
All Time Low / High (₹) 6.37 / 372.00
Market Cap (₹ Cr.) 146
Equity (₹ Cr.) 5.3
Face Value (₹) 10
Industry PE 11.3

Management X-Ray of Salona Cotspin :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.140.14
* 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 (%)

News

Salona Cotspin Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Salona Cotspin on 28-Nov-2022 18:01 is : 276.4.
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 28-Nov-2022 18:01 the market cap of Salona Cotspin stood at ₹ 145.8.
The latest PE ratio of Salona Cotspin as of 28-Nov-2022 18:01 is 7.37.
The latest PB ratio of Salona Cotspin as of 28-Nov-2022 18:01 is 2.29
The 52-week high of Salona Cotspin is ₹ 372.0 and the 52-week low is ₹ 182.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Salona Cotspin is ₹ 647.1 ( 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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