Sumeet Industries Ltd Stock Analysis

BSE: 514211 | NSE: SUMEETINDS | Textile - Spinning | Small Cap

BSE Share Price Jul 01, 18:01
6.99 -0.03 (-0.43%)

DeciZen - Make an Informed Decision on Sumeet Inds

M-Cap below 100cr DeciZen not available

FAQs

1. Is Sumeet Industries Ltd a good quality company?

Data is not available for this company.

2. Is Sumeet Industries Ltd undervalued or overvalued?

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

3. Is Sumeet Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Sumeet Industries 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 Sumeet Inds:

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.

Value Creation

Value Creation Index Colour Code Guide

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 10.2%7.9%8.6%6.9%7.6%9.3%3.7%-4.7%-2.5%-0.5%-
Value Creation Index -0.3-0.4-0.4-0.5-0.5-0.3-0.7-1.3-1.2-1.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 8241,1591,1089311,0521,1981,047832707574894
YoY Gr. Rt. %-40.6%-4.4%-16%13%13.8%-12.6%-20.5%-15.1%-18.8%-
Adj EPS 5.144.42.934.5-0.6-7.3-4.2-0.50.3
YoY Gr. Rt. %--21.4%11.8%-35.4%5.2%50%-113.9%NANANA-
BVPS (₹) 21.323.425.62830.835.932.87.22.72.12.4
Adj Net Profit 39.831.234.822.523.635.5-6.5-75.2-43.7-53
Cash Flow from Ops. -3044.71.662.811.358.44.4-77.389.522.1-
Debt/CF from Ops. -12.89303.5740.88.196.3-6.7623.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -4%-11.4%-18.2%-18.8%
Adj EPS -177%-169.2%NANA
BVPS -22.8-41.7-60.1-23.5
Share Price -6.7% -22.2% 35.7% -11.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % 26.416.116.49.89.312.8-2.1-36.3-85.3-2013
Op. Profit Mgn % 7.77.18.88.599.78.14.94.34.73.8
Net Profit Mgn % 4.82.73.12.42.33-0.6-9-6.2-0.90.3
Debt to Equity 2.22.12.21.91.71.71.3719.124.41.8
Working Cap Days 9489114140139129168203201244116
Cash Conv. Cycle 644753676976111117971270

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 13.00%

Sales growth is good in last 4 quarters at 97.69%

Sales growth has been subdued in last 3 years -18.17%

Net Profit has been subdued in last 3 years 0.00%

Debt to equity has increased versus last 3 years average to 24.37

Latest Financials - Sumeet Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 0.3 0.3
TTM Sales (₹ Cr.) 894 894
BVPS (₹.) 2.4 -5
Reserves (₹ Cr.) -79 -155
P/BV 2.95 -1.40
PE 24.06 24.68
From the Market
52 Week Low / High (₹) 5.93 / 14.43
All Time Low / High (₹) 0.54 / 34.35
Market Cap (₹ Cr.) 72.5
Equity (₹ Cr.) 103.6
Face Value (₹) 10
Industry PE 9.5

Management X-Ray of Sumeet Inds :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *42.2742.2742.2742.2719.900.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

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News

About Sumeet Industries Ltd

Shankarlal Somani established Sumeet Industries Limited in 1989.  The company started as a yarn manufacturing unit and has now grown in a huge conglomerate with various businesses with an annual turn over of Rs. 1200 million ($ 27 million).

The company has been promoted by Shri Shankarlal Somani, Mahesh kumar Somani and Rajkumar Somani belonging to a reputed and well established business family hailing from Dist. Sikar of Rajasthan.

The company started its Polypropylene plant way back in 1992. The technology was imported from Neumag, Germany who is the pioneer in Polypropylene plant in the world. It produces dope dyed polypropylene yarn in which accuracy and uniformity of colour is guaranteed. Its products are marketed under brand name “SUMILON” and have an approximate market share of 20% in India.

The company started its polyester operations in 2004. We have installed new state of art automatic craft winder plant imported from Barmag, Germany, which is the most latest & cost efficient technology in the world. The initial capacity is 12500 M. Tones per annum, but it will be increased in near future. Company is importing PET chips or buying locally from suppliers of international repute. The spin finish oil is imported from Tako Moto, Japan.

It started its menthol operations in 2006. It has installed a capacity to produce 900 M. Tonnes of Peppermint oil & 300 M Tonnes Menthol Crystal (with/without Turpentine). The company is already in the process of installing huge capacities of Menthol Flakes & Menthol Crystals. The total plant is made up of stainless steel to avoid contamination in the product.

All the products manufactured or procured goes through various stringent tests to assure the quality & consistency of products.  their company believes in Quality, Customer & Commitment

Product range of the company includes:

  • PET  Chips
  • Polyester Yarn
  • Polypropylene Yarn
  • Woven Fabric
  • Menthol & Allied Products

Milestones:

  • 1988- Formation of Sumeet Industries Pvt. Ltd.
  • 1992 -Conversion from Private Limited To Public Limited
  • 1993 -Installed capacity of 1500 MT per annum of Polypropylene Multifilament Yarn.
  • 1995- Installed capacities of Texturising & Twisting of 1500 MT per annum for value addition
  • 1997- Increased the capacity of Polypropylene Multifilament Yarn to 4000 MT per annum.
  • 1999 -Increased the capacity of Texturising & Twisting to 3900 MT & 2000 MT respectively per annum.
  • 2004 -Installed coal based power plant of 2.5 MW for captive power generation.
  • 2005- Installed Polyester Spinning Plant to manufacture 10000 MT Polyester POY per annum.
  • 2006- Installed 60 Waterjet Looms to manufacture 4 million meters fabric per annum.
  • 2006- Installed Menthol Distilling & Crystallizing Capacities.
  • 2006- Expanded capacity of filament yarn by 10000 ton per annum by setting up a brand new POY plant supplied by Barmag, Germany.
  • 2007 -At present company has coal based power plant of 2.35 MW. Now with the help of Gujarat Gas Company we are looking forward to install gas based power plant. 

Achievements/ recognition:

  • The Company is an ISO 9001:2000 Certified Company
  • The Company is a Kosher Certified Company.
  • The company has been recognized as a Star Export House by The Government of India.
  • It has received award for Highest Export Performance in Polypropylene Yarn in 2001–02.
  • It has received Gold Trophy for Outstanding Export Performance for year 2001– 04 from SRTEPC.

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