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Super Spinning Mills Ltd Stock Analysis

Small Cap
Evaluated by 144 users | BSE: 521180 | NSE: SUPERSPIN |
Textile - Spinning
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...

Analysis of Financial Track Record

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
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 8.96%-12.01%9.58%9.57%1.42%-0.6%-4.14%-5.29%-5.05%-5.79%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 478381434521441348294261208146
Y-o-Y Gr. Rt.--20.3%14%20.1%-15.5%-20.9%-15.6%-11.3%-20.2%-30%
Adjusted EPS (Rs.) 1.87-9.530.520.46-2.53-3.09-3.9-4.13-3.51-2.97
Y-o-Y Gr. Rt.--609.6%NA-11.5%-650%NANANANANA
Book Value per Share (Rs.) 19.1711.3712.7313.3311.049.9830.2324.5122.8220.59
Adjusted Net Profit 10.3-52.42.92.5-13.9-17-21.4-22.7-19.3-16.3
Net Op. Cash Flow (Rs. Cr.) 8.368.82720.7404.223.128.823.611.2
Debt to Cash Flow from Ops 24.792.074.96.733.1326.443.82.542.153.26
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Super Spinning Mills Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -12.4%-19.9%-20.9%-30%
Adjusted EPS -205.3%NANANA
Book Value per Share 0.813.3-12-9.8
Share Price -2.1% -6.4% -37% 37.3%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 10.42-62.394.33.55-20.77-29.36-19.38-15.09-14.83-13.68
Operating Profit Margin (%) 11.16-7.019.477.682.991.780.97-1.45-2.44-6.2
Net Profit Margin (%) 2.15-13.760.660.49-3.16-4.87-7.29-8.71-9.28-11.22
Debt to Equity 1.942.281.891.92.062.040.530.540.410.32
Working Capital Days 1581519697113124122102157225
Cash Conversion Cycle 5787333435238-26-49-89
Entity Percentage Holding
Promoters 42.49%
Non-Institutions 57.50%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Super Spinning Mills Ltd's performance infers:

Super Spinning Mills Ltd earnings have grown by 0%, whereas share price has depreciated -6.4% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Super Spinning Mills Ltd share prices over the last 10 years. Here is what we found out:

Super Spinning Mills Ltd share price has depreciated -8.9% annually over the past ten years.

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

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
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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