Suryalata Spinning Mills Ltd - Stock Valuation and Financial Performance

BSE: 514138 | NSE: | Textile - Spinning | Small Cap

Suryalata Spg Mills Share Price

353.05 -3.75 -1.05%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Suryalata Spg Mills

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Suryalata Spinning Mills stock performance -

mw4me loader
P/E Ratio (SA):
11.21
Market Cap:
152.3 Cr.
52-wk low:
348.6
52-wk high:
1,635

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

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.

10 Year X-Ray of Suryalata Spg 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.
Suryalata Spinning 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

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 9.8%11.1%8.8%8%7.3%10.3%9.3%11.6%21.2%12%-
Value Creation
Index
-0.3-0.2-0.4-0.4-0.5-0.3-0.3-0.20.5-0.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 350365354347361430409277480479430
Sales YoY Gr.-4.4%-3.2%-2%4.1%19.3%-5%-32.4%73.7%-0.2%-
Adj EPS 24.329.422.520.518.43332.443.9110.87131.8
YoY Gr.-21.2%-23.5%-8.8%-10.1%78.8%-1.6%35.3%152.5%-35.9%-
BVPS (₹) 155.2177.7198.8219.2237.2270.3303.1348458.1530.5550.3
Adj Net
Profit
8.912.69.68.87.914.113.818.747.330.314
Cash Flow from Ops. 36.319.840.121.726.121.140.133.551.475.4-
Debt/CF from Ops. 35.72.142.762.52.51.50.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 3.6%5.8%5.4%-0.2%
Adj EPS 12.7%31%29.9%-35.9%
BVPS14.6%17.5%20.5%15.8%
Share Price 20.2% 21.7% 38.8% -32.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
14.717.711.59.58.11311.313.527.514.45.9
Op. Profit
Mgn %
46.18.17.26.89.51017.416.511.98
Net Profit
Mgn %
2.53.42.72.52.23.33.46.89.86.33.2
Debt to
Equity
1.71.510.90.71.10.80.60.40.3-
Working Cap
Days
8887848175646994657728
Cash Conv.
Cycle
515050484541466342375

Recent Performance Summary

Net Profit is growing at healthy rate in last 3 years 29.86%

Return on Equity has declined versus last 3 years average to 5.90%

Sales growth has been subdued in last 3 years 5.44%

Sales growth is not so good in last 4 quarters at -14.99%

Latest Financials - Suryalata Spinning Mills Ltd.

Standalone Consolidated
TTM EPS (₹) 31.8 49.2
TTM Sales (₹ Cr.) 430 444
BVPS (₹.) 550.3 567.4
Reserves (₹ Cr.) 231 238
P/BV 0.65 0.63
PE 11.21 7.25
From the Market
52 Week Low / High (₹) 348.60 / 1634.95
All Time Low / High (₹) 2.83 / 1634.95
Market Cap (₹ Cr.) 152
Equity (₹ Cr.) 4.3
Face Value (₹) 10
Industry PE 29.3

Management X-Ray of Suryalata Spg Mills:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *52.6352.6352.6335.9835.9835.9835.9835.9835.9835.98
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Suryalata Spg 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
Sales350365354347361430409277480479
Operating Expenses 336343325322336390368228401422
Manufacturing Costs45465144464958465868
Material Costs253255233234223260227143290301
Employee Cost 19212123242529273134
Other Costs 20211921445554122220
Operating Profit 14222925254141487957
Operating Profit Margin (%) 4.0%6.1%8.1%7.2%6.8%9.5%10.0%17.4%16.5%11.9%
Other Income 211635311124
Interest 121198710111195
Depreciation 99888811111112
Exceptional Items 0000000000
Profit Before Tax 13191514122320266143
Tax 575559681312
Profit After Tax 91310981414194831
PAT Margin (%) 2.5%3.5%2.7%2.5%2.2%3.3%3.4%6.8%9.9%6.5%
Adjusted EPS (₹)22.728.422.020.718.533.333.144.0111.972.7
Dividend Payout Ratio (%)7%6%9%7%8%5%3%5%3%4%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 64779094101115129148195226
Share Capital 116104444444
Reserves 5372818997111125144191222
Minority Interest0000000000
Debt909571705811990685951
Long Term Debt60604331207969534832
Short Term Debt30362839394021151120
Trade Payables7343433232
Others Liabilities 66545051474949586460
Total Liabilities 227230215217210287271277321340

Fixed Assets

Gross Block196209212217216292293296318324
Accumulated Depreciation62707785888997108118130
Net Fixed Assets134139134132128203196188200194
CWIP 025613001110
Investments 0000000001
Inventories22221821192525453824
Trade Receivables35362830273425173022
Cash Equivalents 111102221712
Others Assets35302927242222243577
Total Assets 227230215217210287271277321340

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 36204022262140345175
PBT 13191514122320266143
Adjustment 20191615141016231915
Changes in Working Capital 5-1515-45-124-13-1429
Tax Paid -2-3-5-3-500-3-14-13
Cash Flow From Investing Activity -3-16-8-8-6-70-3-6-34-59
Capex -3-15-6-7-11-71-4-4-23-17
Net Investments 0000000001
Others 00-1-1511-2-10-43
Cash Flow From Financing Activity -33-5-32-13-2049-37-28-15-14
Net Proceeds from Shares 0800000000
Net Proceeds from Borrowing -14-21-200000000
Interest Paid -11-11-8-7-7-7-10-8-8-4
Dividend Paid -1-1-1000000-1
Others -721-2-6-1356-26-19-7-9
Net Cash Flow 0000000032
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)16.6619.0611.969.98.113.1411.5313.5127.7714.71
ROCE (%)14.4416.5612.9812.1511.1216.2613.2816.4527.5417.11
Asset Turnover Ratio1.611.651.591.61.691.731.471.121.761.61
PAT to CFO Conversion(x)41.5442.443.251.52.861.791.062.42
Working Capital Days
Receivable Days37353331292626251618
Inventory Days19212121201822422921
Payable Days8855655733

Suryalata Spinning Mills Ltd Stock News

Suryalata Spinning Mills Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Suryalata Spg Mills on 28-Mar-2024 16:01 is ₹353.1.
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 28-Mar-2024 16:01 the market cap of Suryalata Spg Mills stood at ₹152.2.
The latest P/E ratio of Suryalata Spg Mills as of 28-Mar-2024 16:01 is 11.21.
The latest P/B ratio of Suryalata Spg Mills as of 28-Mar-2024 16:01 is 0.65.
The 52-week high of Suryalata Spg Mills is ₹1,635 and the 52-week low is ₹348.6.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Suryalata Spg Mills is ₹430.3 ( Cr.) .

About Suryalata Spinning Mills Ltd

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

  • 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)
  • 100% Polyester Sewing Threads (Single and Double)
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