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BSE: 514138 | NSE: | Textile - Spinning | Small Cap
1. Is Suryalata Spinning Mills Ltd a good quality company?
Past 10 year's financial track record analysis by Moneyworks4me indicates that Suryalata Spinning Mills Ltd is a average quality company.
2. Is Suryalata Spinning Mills Ltd undervalued or overvalued?
The key valuation ratios of Suryalata Spinning Mills Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
3. Is Suryalata Spinning Mills Ltd a good buy now?
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Suryalata Spinning Mills Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘValue Creation Index Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | TTM | |||
| ROCE % ⓘ | 9.2% | 9.8% | 11.1% | 8.8% | 8% | 7.3% | 10.3% | 9.3% | 11.6% | 21.2% | - | ||
| Value Creation Index ⓘ | -0.4 | -0.3 | -0.2 | -0.4 | -0.4 | -0.5 | -0.3 | -0.3 | -0.2 | 0.5 | - | ||
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ |
|||||||||||||
| Sales ⓘ | 269 | 350 | 365 | 354 | 347 | 361 | 430 | 409 | 307 | 528 | 447 | ||
| YoY Gr. Rt. % | - | 29.9% | 4.4% | -3.2% | -2% | 4.1% | 19.3% | -5% | -24.9% | 71.8% | - | ||
| Adj EPS ⓘ | 22.1 | 24.3 | 29.4 | 22.5 | 20.5 | 18.4 | 33 | 32.4 | 43.9 | 110.8 | 56.6 | ||
| YoY Gr. Rt. % | - | 9.7% | 21.2% | -23.5% | -8.8% | -10.1% | 78.8% | -1.6% | 35.3% | 152.5% | - | ||
| BVPS (₹) ⓘ | 134.6 | 155.2 | 177.7 | 198.8 | 219.2 | 237.2 | 270.3 | 303.1 | 348 | 458.1 | 537.4 | ||
| Adj Net Profit ⓘ | 8.1 | 8.9 | 12.6 | 9.6 | 8.8 | 7.9 | 14.1 | 13.8 | 18.7 | 47.3 | 24 | ||
| Cash Flow from Ops. ⓘ | 8.9 | 36.3 | 19.8 | 40.1 | 21.7 | 26.1 | 21.1 | 40.1 | 33.5 | 51.4 | - | ||
| Debt/CF from Ops. ⓘ | 14.4 | 3 | 5.7 | 2.1 | 4 | 2.7 | 6 | 2.5 | 2.5 | 1.5 | - | ||
CAGR ⓘCAGR Colour Code Guide ⓘ |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9 Years | 5 Years | 3 Years | 1 Years | |||||||||
| Sales ⓘ | 7.8% | 8.8% | 7% | 71.8% | ||||||||
| Adj EPS ⓘ | 19.6% | 40.1% | 49.8% | 152.5% | ||||||||
| BVPSⓘ | 14.6% | 15.9% | 19.2% | 31.6% | ||||||||
| Share Price | 24% | 34.3% | 86.9% | 71.9% | ||||||||
Key Financial Parameters ⓘPerformance Ratio Colour Code Guide ⓘ |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | TTM | ||
| Return on Equity % ⓘ | 15.2 | 14.7 | 17.7 | 11.5 | 9.5 | 8.1 | 13 | 11.3 | 13.5 | 27.5 | 11.4 | |
| Op. Profit Mgn % ⓘ | 4.3 | 4 | 6.1 | 8.1 | 7.2 | 6.8 | 9.5 | 10 | 15.7 | 15 | 10.4 | |
| Net Profit Mgn % ⓘ | 3 | 2.5 | 3.4 | 2.7 | 2.5 | 2.2 | 3.3 | 3.4 | 6.1 | 9 | 5.4 | |
| Debt to Equity ⓘ | 2.3 | 1.7 | 1.5 | 1 | 0.9 | 0.7 | 1.1 | 0.8 | 0.6 | 0.4 | - | |
| Working Cap Days ⓘ | 91 | 88 | 87 | 84 | 81 | 75 | 64 | 69 | 94 | 65 | 0 | |
| Cash Conv. Cycle ⓘ | 58 | 51 | 50 | 50 | 48 | 45 | 41 | 46 | 63 | 43 | 0 | |
Net Profit is growing at healthy rate in last 3 years 49.80%
Debt to equity has declined versus last 3 years average to 0.39
Return on Equity has declined versus last 3 years average to 11.40%
Sales growth has been subdued in last 3 years 7.03%
Sales growth is not so good in last 4 quarters at -13.50%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 56.6 | - |
| TTM Sales (₹ Cr.) | 447 | - |
| BVPS (₹.) ⓘ | 537.4 | - |
| Reserves (₹ Cr.) ⓘ | 225 | - |
| P/BV ⓘ | 0.99 | - |
| PE ⓘ | 9.39 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 272.40 / 1634.95 |
| All Time Low / High (₹) | 2.83 / 1634.95 |
| Market Cap (₹ Cr.) | 227 |
| Equity (₹ Cr.) | 4.3 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 28.1 |
| Pledged * | 52.63 | 52.63 | 52.63 | 52.63 | 52.63 | 35.98 | 35.98 | 35.98 | 35.98 | 35.98 |
Suryalata Spinning Mills, incorporated in 1983, was promoted by Vithaldas Agarwal and his family members.
The company is a leading manufacturer and exporter of high quality yarns including polyester viscose yarn (Grey) (Single and Double), polyester viscose yarn (Dyed) (Single and Double), 100% viscose yarn (Single and Double), 100% polyester yarn (single and double), and 100% polyester sewing threads (Single and Double).
The company’s yarns surpass others in the same domain with their ISO certified manufacturing units of a total capacity of about 65,000 spindles.
The first unit situated at Kalwakurthy, Mahabubnagar District, Andhra Pradesh has an installed capacity of 36,000 spindles manufacturing counts ranging from 20s to 60s in various blends in synthetic yarn with a production capacity of 30 MTs per day.
The second unit situated at Ramtek, Nagpur, Maharashtra with a capacity of 29,000 spindles manufactures counts ranging from 20s to 40s polyester viscose-blended yarn with a production capacity of 25 MTs per day.
The company is setting up a third unit with a capacity of 20,000 spindles at Urkondapet, Mahabubnagar District, Andhra Pradesh.
Suryalata Spinning Mills is equipped with ultra-modern machinery like Trumac, L/R Chute Feed Blow Room, TFO/Volkman, DK780 & LC300A, LR Simplex Machine, LMW Textile Machinery, Auto Levelers Draw Frames from Rieter, LR Ring Frames G5/1 & L/R 6, and Murata Autocone Winders 21C & 7/V and Scholfhorst 23.
The company has goodwill in export markets of Italy, Turkey, Taiwan, Sri Lanka, Indonesia, Nigeria, Bangladesh and other European countries.
Product Range
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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