Sri Nachammai Cotton Mills Ltd - Stock Valuation and Financial Performance

BSE: 521234 | NSE: | Textile - Spinning | Small Cap

Sri Nachammai Cotton Share Price

35.10 0.00 0.00%
as on 12-Jul'24 16:00

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Sri Nachammai Cotton Mills stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
15.1 Cr.
52-wk low:
28
52-wk high:
55

Is Sri Nachammai Cotton Mills Ltd an attractive stock to invest in?

1. Is Sri Nachammai Cotton Mills Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Sri Nachammai Cotton Mills Ltd is a average quality company.

2. Is Sri Nachammai Cotton Mills Ltd undervalued or overvalued?

The key valuation ratios of Sri Nachammai Cotton Mills Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Sri Nachammai Cotton Mills Ltd a good buy now?

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

10 Year X-Ray of Sri Nachammai Cotton:

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.
Sri Nachammai Cotton Mills Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Jun'14Jun'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 6.9%4.5%1.5%5.3%4.9%4.6%4.3%5%10.5%-0.3%-
Value Creation
Index
-0.5-0.7-0.9-0.6-0.7-0.7-0.7-0.6-0.3-1.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 18316215116815716014415820411766
Sales YoY Gr.--11.2%-6.7%11.2%-6.6%1.6%-10.1%9.7%29.7%-42.7%-
Adj EPS 4.1-1.7-5.61.61.70.6-2.41.313.8-7.7-11.1
YoY Gr.--141.2%NANA10.3%-66.7%-521.1%NA982.7%-156.3%-
BVPS (₹) 12.67.63.74.45252.449.7516456.145
Adj Net
Profit
1.7-0.7-2.40.70.70.2-10.65.9-3.3-5
Cash Flow from Ops. 8.64.79.710-0.57.11.28.86.725.8-
Debt/CF from Ops. 8.714.48.96-145.3956.37.510.11.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -4.8%-5.7%-6.6%-42.7%
Adj EPS -207.5%-235.3%NA-156.3%
BVPS18%1.5%4.2%-12.2%
Share Price 6.9% 20.4% -6.9% -5.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Jun'14Jun'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
9.1-3.7-10.543.81.1-4.72.524-12.9-22
Op. Profit
Mgn %
6.85.94.75.44.13.84.74.26.8-0.9-3.8
Net Profit
Mgn %
1-0.4-1.60.40.50.2-0.70.42.9-2.8-7.2
Debt to
Equity
3.73.743.62.92.93.132.521.1
Working Cap
Days
140166227148173191224208165247122
Cash Conv.
Cycle
11013119313115216419116614022161

Recent Performance Summary

Debt to equity has declined versus last 3 years average to 1.97

Return on Equity is Poor

Sales growth has been subdued in last 3 years -6.56%

Sales growth is not so good in last 4 quarters at -39.92%

Latest Financials - Sri Nachammai Cotton Mills Ltd.

Standalone Consolidated
TTM EPS (₹) -11.1 -
TTM Sales (₹ Cr.) 66.4 -
BVPS (₹.) 45 -
Reserves (₹ Cr.) 15 -
P/BV 0.78 -
PE 0.00 -
From the Market
52 Week Low / High (₹) 27.97 / 55.00
All Time Low / High (₹) 3.00 / 71.00
Market Cap (₹ Cr.) 15.1
Equity (₹ Cr.) 4.3
Face Value (₹) 10
Industry PE 29.2

Management X-Ray of Sri Nachammai Cotton:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Sri Nachammai Cotton

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSJun'14Jun'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales182.75162.22113.55168.42157.31159.86143.66157.61204.48117.21
Operating Expenses 170.67153.45108.69159.30150.86153.91136.96150.96190.59118.25
Manufacturing Costs38.3935.9824.7031.1030.6235.5028.7925.5841.7021.09
Material Costs112.7498.1170.70110.32103.59102.6293.48112129.2284.38
Employee Cost 14.0713.579.6512.7713.3612.7012.1610.4514.168.58
Other Costs 5.475.793.645.113.283.092.532.935.514.21
Operating Profit 12.088.774.859.126.465.966.706.6513.89-1.04
Operating Profit Margin (%) 6.6%5.4%4.3%5.4%4.1%3.7%4.7%4.2%6.8%-0.9%
Other Income 2.031.610.210.911.451.311.201.631.051.48
Interest 6.566.814.395.054.695.326.775.535.274.35
Depreciation 3.984.183.014.362.511.262.402.041.771.42
Exceptional Items 0000000000
Profit Before Tax 3.58-0.61-2.340.630.710.68-1.270.707.89-5.33
Tax 0.97-0.16-0.24-0.0700.55-0.300.172-2.01
Profit After Tax 2.61-0.44-2.100.700.710.13-0.970.535.89-3.33
PAT Margin (%) 1.4%-0.3%-1.8%0.4%0.5%0.1%-0.7%0.3%2.9%-2.8%
Adjusted EPS (₹)6.1-1.0-4.91.61.70.3-2.31.313.7-7.8
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSJun'14Jun'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 20.4118.2716.1816.8722.3122.4521.2921.8627.4224.06
Share Capital 19.2919.2919.2919.294.294.294.294.294.294.29
Reserves 1.12-1.01-3.11-2.4118.0218.161717.5823.1319.78
Minority Interest0000000000
Debt70.6264.3361.7058.0863.1062.1165.9465.6267.2047.07
Long Term Debt28.4628.0228.9229.4318.6115.2118.0122.0122.0122.93
Short Term Debt42.1636.3132.7928.6544.4946.9047.9243.6145.1924.13
Trade Payables8.234.693.752.967.6910.929.8611.312.381.26
Others Liabilities 8.274.723.575.0819.5225.0324.9725.9234.2529.53
Total Liabilities 107.5392.0185.2083112.62120.50122.05124.72131.25101.92

Fixed Assets

Gross Block76.4076.8777.7378.1836.4438.9439.5441.2845.8450.65
Accumulated Depreciation53.4460.0663.0766.707.078.339.4210.3911.8813.30
Net Fixed Assets22.9616.8114.6611.4829.3730.6130.1230.8933.9637.35
CWIP 0.320.820.420.050000.290.080
Investments 0.180.100.100.100.720.650.640.650.650.42
Inventories50.7349.8347.3545.8556.4766.7372.2174.7072.4450.64
Trade Receivables13.4315.2816.8418.7120.6617.6114.719.7514.267.67
Cash Equivalents 9.211.521.732.912.292.101.822.442.020.14
Others Assets10.717.664.113.903.102.792.5667.835.72
Total Assets 107.5392.0185.2083112.62120.50122.05124.72131.25101.92

Cash Flow

(All Figures are in Crores.)
PARTICULARSJun'14Jun'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 8.604.697.259.96-0.457.141.198.826.7125.76
PBT 3.58-0.61-2.340.630.710.68-1.270.707.89-5.33
Adjustment 8.389.456.968.695.995.187.615.835.594.14
Changes in Working Capital -3.26-4.162.590.72-7.141.3-5.112.31-5.4826.84
Tax Paid -0.100.010.04-0.08-0.01-0.01-0.04-0.03-1.300.12
Cash Flow From Investing Activity 0.340.51-0.37-0.64-0.17-1.422.40-2.56-3.76-1.24
Capex 0.02-0.33-0.46-0.76-0.29-2.501.12-3.43-4.69-4.72
Net Investments -0.020.4000-0.880.050.25-0.17-0.092.14
Others 0.340.440.090.1211.031.031.031.021.34
Cash Flow From Financing Activity -3.44-12.88-6.67-8.13-0.20-5.92-3.62-5.80-3.45-24.51
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -2.34-0.440.900.51-11.53-3.402.81400.92
Interest Paid -6.19-6.59-4.04-4.52-4.51-4.92-6.17-5.11-4.74-4.07
Dividend Paid -0.02000000000
Others 5.12-5.85-3.53-4.1315.842.41-0.25-4.681.29-21.35
Net Cash Flow 5.50-7.690.211.18-0.82-0.20-0.030.46-0.500.02
PARTICULARSJun'14Jun'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)63.54-10.17-94.1845.675.880.56-4.442.4723.9-12.92
ROCE (%)11.076.842.477.216.576.916.37.0814.35-1.18
Asset Turnover Ratio1.81.631.2821.611.371.181.281.61.01
PAT to CFO Conversion(x)3.3N/AN/A14.23-0.6354.92N/A16.641.14N/A
Working Capital Days
Receivable Days27325239464441282134
Inventory Days97113156101119141177170131192
Payable Days2224221119334134198

Sri Nachammai Cotton Mills Ltd Stock News

Sri Nachammai Cotton Mills Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Sri Nachammai Cotton on 12-Jul-2024 16:00 is ₹35.10.
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 12-Jul-2024 16:00 the market cap of Sri Nachammai Cotton stood at ₹15.09.
The latest P/E ratio of Sri Nachammai Cotton as of 12-Jul-2024 16:00 is 0.00.
The latest P/B ratio of Sri Nachammai Cotton as of 12-Jul-2024 16:00 is 0.78.
The 52-week high of Sri Nachammai Cotton is ₹55.00 and the 52-week low is ₹27.97.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Sri Nachammai Cotton is ₹66.36 ( Cr.) .

About Sri Nachammai Cotton Mills Ltd

Sri Nachammai Cotton Mills Limited (SNCM) was incorporated in March 1980 as a wholly owned subsidiary of 'The Jawahar Mills Limited'. The assets of the Chettinad unit of the Jawahar Mills Limited, were transferred to SNCM in May 1980. A transfer deed for the transfer was executed and registered in March 1982. It ceased to be a subsidiary of The Jawahar Mills Limited with the allotment of the said 46,000 shares on 9.8.1982. In September 1984, the company issued 50,000 equity shares of Rs.10 each for cash at par to the existing shareholders as right shares. Since then, the company has made five bonus issues.

The company has been expanding and modernizing its plant over the years. All expansions and modernisation schemes completed so far has been funded from internal accruals and Long-term borrowings. It has expanded its spindlage from 16,120 spindles in 1980 to the present level of 43,448 spindles and 504 rotors.

The company's spinning mills are situated at Chettinad, Sivaganga district. The company has two units there. The company has taken another unit called 'C' Unit from M/s Supreme Yarn Spinners Limited, on lease from 5.5.1995, situated at Veeranam village, Salem. The company manufactures combed and carded cotton hosiery and hank yarn of counts ranging from 10s to 40s which are used by manufacturers to convert the same into fabric or garments for dyeing and export.

The company has issued 11,10,000 equity shares of Rs.10/- each at a premium of Rs.60 per share to the public in 1995.

The company has attained a sound financial footing with its good performance over years and is surging ahead towards better prospects every year.

Product manufactured by the company:

The company is a manufacturer of Combed and Carded Cotton Hosiery Yarn.

Achievements/ recognition

Sri Nachammai Cotton Mills Ltd ranked 900th in the BS 1000 listing of top Indian companies in terms of sales in 2002-2003.

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