Super Spinning Mills Ltd - Stock Valuation and Financial Performance

BSE: 521180 | NSE: SUPERSPIN | Textile - Spinning | Small Cap

Super Spinning Mills Share Price

6.97 -0.13 -1.83%
as on 19-Mar'24 14:58

DeciZen - make an informed investing decision on Super Spinning Mills

M-Cap below 100cr DeciZen not available

Super Spinning Mills stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
39.1 Cr.
52-wk low:
5.3
52-wk high:
11.7

Is Super Spinning Mills Ltd an attractive stock to invest in?

1. Is Super Spinning Mills Ltd a good quality company?

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

2. Is Super Spinning Mills Ltd undervalued or overvalued?

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

3. Is Super Spinning Mills Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Super Spinning 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 Super Spinning Mills:

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.
Super Spinning Mills 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 % 9.6%1.4%-0.6%-4.1%-5.3%-5.1%-5.8%-1.2%0.1%-14.8%-
Value Creation
Index
-0.3-0.9-1.0-1.3-1.4-1.4-1.4-1.1-1.0-2.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 52144134829426120814948.993.585.630
Sales YoY Gr.--15.5%-20.9%-15.6%-11.3%-20.2%-28.2%-67.3%91.2%-8.4%-
Adj EPS 0.5-2.5-3.1-3.9-4.1-3.5-3-1.1-0.5-4.1-2.3
YoY Gr.--650%NANANANANANANANA-
BVPS (₹) 13.3111030.224.522.820.618.819.916.315
Adj Net
Profit
2.5-13.9-17-21.4-22.7-19.3-16.3-6.2-2.6-22.7-13
Cash Flow from Ops. 20.7404.223.128.823.611.2-13.5-23-9.3-
Debt/CF from Ops. 6.73.126.43.82.52.23.3-2.4-1.5-4.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -18.2%-20%-17%-8.4%
Adj EPS -227.6%NANANA
BVPS2.3%-7.8%-7.5%-17.9%
Share Price 3.7% 0.4% 11.4% -2.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
3.6-20.8-29.4-19.4-15.1-14.8-13.7-5.7-2.4-22.8-14.8
Op. Profit
Mgn %
7.731.81-1.5-2.4-3.53.19.7-9-6.1
Net Profit
Mgn %
0.5-3.2-4.9-7.3-8.7-9.3-10.9-12.6-2.8-26.5-42.1
Debt to
Equity
1.92.120.50.50.40.30.30.30.5-
Working Cap
Days
97113124122102157220448190172235
Cash Conv.
Cycle
3435238-26-49-91-197-1022-321

Recent Performance Summary

No data to display

Return on Equity is Poor

Sales growth has been subdued in last 3 years -16.97%

Sales growth is not so good in last 4 quarters at -68.94%

Latest Financials - Super Spinning Mills Ltd.

Standalone Consolidated
TTM EPS (₹) -2.3 -1.7
TTM Sales (₹ Cr.) 30.3 290
BVPS (₹.) 15 0
Reserves (₹ Cr.) 77 36
P/BV 0.47 0.00
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 5.30 / 11.68
All Time Low / High (₹) 2.03 / 60.41
Market Cap (₹ Cr.) 39.1
Equity (₹ Cr.) 5.5
Face Value (₹) 1
Industry PE 29.8

Management X-Ray of Super Spinning Mills:

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

Login/Register to view analysis.

Analyst's Notes

Key Ratios of Super Spinning Mills

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales521.20440.50348.29294.07260.88208.12149.4648.8893.4585.56
Operating Expenses 481.17427.34342.10291.21264.67213.61154.6447.3684.3893.30
Manufacturing Costs95.5189.6181.6862.9751.7836.3630.887.3913.2212.93
Material Costs312.83264196.60175.40166.72136.7493.4128.4759.3069.04
Employee Cost 52.0753.3147.9839.9435.3333.1524.888.529.568.87
Other Costs 20.7520.4115.8412.9010.847.355.482.992.302.46
Operating Profit 40.0313.166.192.86-3.79-5.49-5.191.529.06-7.74
Operating Profit Margin (%) 7.7%3.0%1.8%1.0%-1.5%-2.6%-3.5%3.1%9.7%-9.0%
Other Income 5.035.851.9812.732.741.500.595.420.850.16
Interest 24.7423.9322.7418.1614.9913.739.856.413.913.30
Depreciation 15.1110.379.957.975.554.093.903.082.872.34
Exceptional Items -0.40-1.8715.71007.347.045.324.87-4.89
Profit Before Tax 4.82-17.15-8.81-10.53-21.59-14.46-11.302.788-18.10
Tax 1.50-5.41-2.992.440005.207.161.46
Profit After Tax 3.32-11.74-5.82-12.97-21.59-14.46-11.30-2.420.84-19.56
PAT Margin (%) 0.6%-2.7%-1.7%-4.4%-8.3%-6.9%-7.6%-5.0%0.9%-22.9%
Adjusted EPS (₹)0.6-2.1-1.1-2.4-3.9-2.6-2.1-0.40.2-3.6
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 73.3460.7154.88166.24134.85125.56113.27103.64109.3189.74
Share Capital 5.505.505.505.505.505.505.505.505.505.50
Reserves 67.8455.2149.38160.74129.35120.06107.7798.14103.8184.24
Minority Interest0000000000
Debt131.66116.4397.0973.7565.0644.1235.6830.7231.4737.34
Long Term Debt31.5739.6830.6716.618.561.80022.6219.8022.01
Short Term Debt100.0976.7666.4257.1456.5142.3335.688.1011.6715.32
Trade Payables46.9050.6347.8848.5662.8766.5162.8715.9217.0413.66
Others Liabilities 22.7916.4713.7927.4030.0164.6619.1931.956.679.61
Total Liabilities 274.69244.24213.64315.95292.79300.85231182.24164.48150.35

Fixed Assets

Gross Block405.25405.50331.02222.42210.03419.12363.17226.12220.19190.39
Accumulated Depreciation310.05312.56259.844.19-3.79248.42209.80114.10114.4787.42
Net Fixed Assets95.1992.9471.18218.23213.82170.70153.37112.02105.71102.97
CWIP 0.8400.010.0100.130.0100.660
Investments 27.3127.3127.1614.2114.2113.7913.7913.7913.274.04
Inventories62.0139.7938.4032.9917.8224.8512.1710.1517.0811.15
Trade Receivables43.3937.7026.681211.9510.739.751.151.917.12
Cash Equivalents 2.201.310.671.471.580.150.100.033.672.98
Others Assets43.7645.1949.5637.0433.4180.4941.8045.0822.1822.08
Total Assets 274.69244.24213.64315.95292.79300.85231182.24164.48150.35

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 20.7139.974.2323.0828.7923.6411.21-13.51-23.01-9.30
PBT 4.82-17.15-24.76-10.53-21.59-16.03-11.30-2.698-18.10
Adjustment 33.6728.4729.1912.5617.678.065.363.291.751.09
Changes in Working Capital -14.7930.76-0.221.0632.7531.617.15-14.11-30.99.17
Tax Paid -3-2.1000-0.04000-1.87-1.46
Cash Flow From Investing Activity -4.74-4.2529.4715.41-0.099.9211.7123.2226.895.58
Capex -9.02-4.8928.6914.690.169.1811.412326.775.51
Net Investments 0.9900.150.220.060.410000
Others 3.280.640.630.51-0.320.330.300.220.130.07
Cash Flow From Financing Activity -16.13-36.62-34.24-37.89-28.60-34.99-22.97-9.78-1.383.03
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 20.909.19-3.02-14.69-13.93-8.22-7.6524.03-2.092.21
Interest Paid -22.97-22.49-20.88-17.52-14.03-12.60-8.67-6.23-3.87-3.27
Dividend Paid 0000000000
Others -14.06-23.33-10.34-5.68-0.63-14.18-6.65-27.584.594.09
Net Cash Flow -0.16-0.90-0.540.610.11-1.43-0.05-0.072.51-0.69
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)4.64-17.52-10.07-11.73-14.34-11.11-9.47-2.230.78-19.66
ROCE (%)14.253.47.93.63-2.86-0.38-0.896.418.49-10.77
Asset Turnover Ratio1.951.71.521.110.860.70.560.240.540.54
PAT to CFO Conversion(x)6.24N/AN/AN/AN/AN/AN/AN/A-27.39N/A
Working Capital Days
Receivable Days2934342417202541619
Inventory Days39424144363745835360
Payable Days54679110012217325350510181

Super Spinning Mills Ltd Stock News

Super Spinning Mills Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Super Spinning Mills on 19-Mar-2024 14:58 is ₹6.97.
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 19-Mar-2024 14:58 the market cap of Super Spinning Mills stood at ₹39.05.
The latest P/E ratio of Super Spinning Mills as of 19-Mar-2024 14:58 is 0.00.
The latest P/B ratio of Super Spinning Mills as of 19-Mar-2024 14:58 is 0.47.
The 52-week high of Super Spinning Mills is ₹11.68 and the 52-week low is ₹5.30.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Super Spinning Mills is ₹30.31 ( Cr.) .

About Super Spinning Mills Ltd

Super Spinning Mills Limited, a Sara Elgi Group company was established in 1962 with an initial capacity of 12,000 spindles. Over its four decades of chequered growth it has expanded to 1,30,000 spindles spread over three operational units. The company commenced operations with the manufacture of grey, gassed, mercerised and dyed cotton yarn. Today, the company has carved a niche for itself on the textile map of the country

Sara Elgi is a multi-unit, multi-interest business group with a wide range of industrial activity, an organisation that has founded its evolution on value-based commercial practice. Each company in the group specializes in a specific area, thus enabling it to better meet the diverse needs of the industry. The companies are focused on meeting their customer's individual needs.

In modern fashion technology, the demand for perfection begins right at the birth of the raw material, permeates through every single process, till the highly discerning customer dons the finished garment. It is this demand for perfection that has spurred the growth of an organisation and its corporate philosophy. 

Those who can furnish clients with the best quality, competitive price, excellent customer services and prompt delivery can only survive in the market. Super Spinning Mills Limited takes immense pride in perceiving its role as the comprehensive architect of every single yarn and garment that its produces.

Constant commitment to high quality standards and innovation has been the secret of success ever since the company was founded. Superior Spinning units ensure the supply of consistent quality yarn to manufacture the garments. The spinning units lead the quality of yarn in the market. Ultimately, the crunch lies in the infusion of hi-tech, state-of-the-art machinery that aids in the production of high quality 100% combed yarn, in counts that range from NE 20s to 120s in single and doubles.

Product range of the company includes:

  • NE 20s to NE 120s
  • Regular Grey Yarn
  • Single / Double (Ring Double / TFO)
  • Compact Single & Double, Elitwist
  • Gassed Yarns
  • Open-End Yarn
  • Core-Spun Yarn
  • Slub-Yarn
  • Zero Twist Yarn
  • Knitted Garments (Specialised in single/double Mercerised Cotton knit in polo T-shirts)
  • Woven Fabrics

To meet out the customer requirements it has various options in raw materials :

  • Indian Cotton
  • GIZA 
  • GIZA Blends
  • Supima 
  • PIMA Blends
  • Organic Cottons

Achievements/ recognition

Certification:

  • ISO 9001 & 14000
  • SA 8000 Certification
  • OKEO - TEX Certification

Awards

  • The Award for Excellence by ICMF Birla Economic and  Textile Research Foundation.
  • Best Management Award for its outstanding contribution towards harmonious industrial relations and labour welfare during 1988 – 99 by Andhra Pradesh Govt.
  • Quality Circle Award- Meritorius Award by Quality Circle Forum of India, Hyderabad Chapter
Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.