Suryalata Spinning Mills Ltd Stock Analysis

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

BSE Share Price 29-Sep-2022 18:01
311.25 6.75 (2.22%)

DeciZen - Make an Informed Decision on Suryalata Spg Mills

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

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Suryalata Spg Mills Price Chart

P/E Ratio (SA) :
2.44
Market Cap :
129.9 Cr.
52-wk low :
255
52-wk high :
425
Bole Toh?

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 Somewhat 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'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 6.7%9.2%9.8%11.1%8.8%8%7.3%10.3%9.3%11.6%-
Value Creation Index -0.5-0.4-0.3-0.2-0.4-0.4-0.5-0.3-0.3-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 253269350365354347361430409277519
YoY Gr. Rt. %-6.7%29.9%4.4%-3.2%-2%4.1%19.3%-5%-32.4%-
Adj EPS 11.522.124.329.422.520.518.43332.443.9124.9
YoY Gr. Rt. %-93%9.7%21.2%-23.5%-8.8%-10.1%78.8%-1.6%35.3%-
BVPS (₹) 116134.6155.2177.7198.8219.2237.2270.3303.1348481.1
Adj Net Profit 4.28.18.912.69.68.87.914.113.818.753
Cash Flow from Ops. 19.18.936.319.840.121.726.121.140.133.5-
Debt/CF from Ops. 4.414.435.72.142.762.52.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 1%-4.8%-8.5%-32.4%
Adj EPS 16.1%14.3%33.5%35.3%
BVPS 1311.913.614.8
Share Price 18.1% 19.1% 31.4% 20.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % 915.214.717.711.59.58.11311.313.530.1
Op. Profit Mgn % 3.74.346.18.17.26.89.51017.416.5
Net Profit Mgn % 1.732.53.42.72.52.23.33.46.810.3
Debt to Equity 1.72.31.71.510.90.71.10.80.6-
Working Cap Days 909188878481756469940
Cash Conv. Cycle 615851505048454146630

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 30.10%

Net Profit is growing at healthy rate in last 3 years 33.52%

Debt to equity has declined versus last 3 years average to 0.56

Sales growth is good in last 4 quarters at 47.48%

Sales growth has been subdued in last 3 years -8.48%

Latest Financials - Suryalata Spinning Mills Ltd.

Standalone Consolidated
TTM EPS (₹) 124.9 -
TTM Sales (₹ Cr.) 519 -
BVPS (₹.) 481.1 -
Reserves (₹ Cr.) 201 -
P/BV 0.63 -
PE 2.44 -
From the Market
52 Week Low / High (₹) 255.00 / 425.00
All Time Low / High (₹) 2.83 / 494.55
Market Cap (₹ Cr.) 130
Equity (₹ Cr.) 4.3
Face Value (₹) 10
Industry PE 9.5

Management X-Ray of Suryalata Spg Mills :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *59.9659.9652.6352.6352.6352.6352.6352.6352.6335.98
* 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 (%)

News

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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