Sutlej Textiles And Industries Ltd - Stock Valuation and Financial Performance

BSE: 532782 | NSE: SUTLEJTEX | Textile - Spinning | Small Cap

Sutlej Textiles&Inds Share Price

65.41 -0.19 -0.29%
as on 11-Oct'24 16:01

DeciZen - make an informed investing decision on Sutlej Textiles&Inds

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Sutlej Textiles And Industries stock performance -

mw4me loader
P/E Ratio (CD):
0.00
Market Cap:
1,059.6 Cr.
52-wk low:
46.9
52-wk high:
78.6

Is Sutlej Textiles And Industries Ltd an attractive stock to invest in?

1. Is Sutlej Textiles And Industries Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Sutlej Textiles And Industries Ltd is a average quality company.

2. Is Sutlej Textiles And Industries Ltd undervalued or overvalued?

The key valuation ratios of Sutlej Textiles And Industries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Sutlej Textiles And Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Sutlej Textiles And Industries 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 Sutlej Textiles&Inds:

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.
Sutlej Textiles And Industries 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'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 0%0%0%11.1%7.3%5%2.2%14.6%6%-7.2%-
Value Creation
Index
NANANA-0.2-0.5-0.6-0.90.1-0.6-1.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 0002,4762,6142,4171,8843,0763,0742,7032,657
Sales YoY Gr.-NANANA5.6%-7.5%-22%63.3%-0.1%-12.1%-
Adj EPS 0004.83.52.3-0.89.14.2-8.1-7.1
YoY Gr.-NANANA-26%-35.1%-136.2%NA-53.9%-293.6%-
BVPS (₹) 00055.457.558.658.367.267.758.758
Adj Net
Profit
00078.257.937.5-13.514968.7-133-116
Cash Flow from Ops. 00015721731988.795196222-
Debt/CF from Ops. 0006.64.32.710.29.94.93.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA0.7%12.8%-12.1%
Adj EPS NA-218.1%NA-293.6%
BVPSNA0.4%0.2%-13.4%
Share Price 5.5% 18.9% -1.9% 17.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
0008.66.33.9-1.414.56.2-12.8-12.2
Op. Profit
Mgn %
000108.27.55.512.38.9-1.4-0.7
Net Profit
Mgn %
0003.22.21.6-0.74.82.2-4.9-4.4
Debt to
Equity
0001.210.910.90.90.9-
Working Cap
Days
000014914417212414815665
Cash Conv.
Cycle
00001031021198910911111

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 12.79%

Debt to equity has declined versus last 3 years average to 0.88

Return on Equity is Poor

Sales growth is not so good in last 4 quarters at -9.33%

Latest Financials - Sutlej Textiles And Industries Ltd.

Standalone Consolidated
TTM EPS (₹) -7.4 -7.1
TTM Sales (₹ Cr.) 2,629 2,657
BVPS (₹.) 58.7 58
Reserves (₹ Cr.) 945 933
P/BV 1.10 1.12
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 46.85 / 78.59
All Time Low / High (₹) 1.80 / 115.00
Market Cap (₹ Cr.) 1,060
Equity (₹ Cr.) 16.4
Face Value (₹) 1
Industry PE 27.4

Management X-Ray of Sutlej Textiles&Inds:

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 Sutlej Textiles&Inds

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales2,4762,6142,4171,8843,0763,0742,703
Operating Expenses 2,2292,4022,2451,7802,6982,8142,740
Manufacturing Costs464479456347541595533
Material Costs1,3261,4421,2699991,5041,5531,614
Employee Cost 303330356302413436417
Other Costs 136150163131240230177
Operating Profit 247212172104379260-37
Operating Profit Margin (%) 10.0%8.1%7.1%5.5%12.3%8.5%-1.4%
Other Income 34282531362624
Interest 59574638505865
Depreciation 10710110196121127117
Exceptional Items 420-40-8-36-8
Profit Before Tax 1578346223665-204
Tax 44241968528-68
Profit After Tax 1135828-415037-136
PAT Margin (%) 4.6%2.2%1.1%-0.2%4.9%1.2%-5.0%
Adjusted EPS (₹)6.93.61.7-0.29.22.3-8.3
Dividend Payout Ratio (%)19%18%18%-134%20%44%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 9079429599551,1001,109961
Share Capital 16161616161616
Reserves 8919259439381,0841,093945
Minority Interest0000000
Debt947818761780817833748
Long Term Debt509437470441353276275
Short Term Debt438381291339464556473
Trade Payables101121124117156144156
Others Liabilities 363253281288352347244
Total Liabilities 2,3182,1332,1252,1392,4252,4322,109

Fixed Assets

Gross Block1,3871,4321,5151,7641,8661,9141,961
Accumulated Depreciation271370471566685800904
Net Fixed Assets1,1161,0611,0441,1991,1811,1141,057
CWIP 1021177421698
Investments 512611110
Inventories514565477465609757518
Trade Receivables335305262276442325344
Cash Equivalents 1510121214126
Others Assets278143152143161215176
Total Assets 2,3182,1332,1252,1392,4252,4322,109

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 1572173198995196222
PBT 1578346223665-204
Adjustment 106134146106153202179
Changes in Working Capital -8117144-17-255-37230
Tax Paid -25-18-18-2-39-3417
Cash Flow From Investing Activity -73-14-209-92-76-118-38
Capex -92-55-246-99-84-127-49
Net Investments 025240-101
Others 201713710910
Cash Flow From Financing Activity -74-207-1093-18-81-190
Net Proceeds from Shares 0000000
Net Proceeds from Borrowing 2-6741-11-91-83-23
Interest Paid -59-56-46-34-49-58-66
Dividend Paid -21-21-11-5-5-30-16
Others 4-62-935312791-85
Net Cash Flow 11-4211-2-7
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)12.56.32.91-0.3814.623.37-13.09
ROCE (%)11.097.294.982.1614.635.99-7.17
Asset Turnover Ratio1.071.171.140.881.351.271.19
PAT to CFO Conversion(x)1.393.7411.39N/A0.635.3N/A
Working Capital Days
Receivable Days49454352434645
Inventory Days76757991648186
Payable Days28283544333534

Sutlej Textiles And Industries Ltd Stock News

Sutlej Textiles And Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Sutlej Textiles&Inds on 11-Oct-2024 16:01 is ₹65.41.
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 11-Oct-2024 16:01 the market cap of Sutlej Textiles&Inds stood at ₹1,059.6.
The latest P/E ratio of Sutlej Textiles&Inds as of 11-Oct-2024 16:01 is 0.00.
The latest P/B ratio of Sutlej Textiles&Inds as of 11-Oct-2024 16:01 is 1.10.
The 52-week high of Sutlej Textiles&Inds is ₹78.59 and the 52-week low is ₹46.85.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Sutlej Textiles&Inds is ₹2,629 ( Cr.) .

About Sutlej Textiles And Industries Ltd

Sutlej Textiles and Industries Limited was incorporated on June 22, 2005 and was created out of a corporate restructuring exercise in which the textiles divisions of Sutlej Industries Limited (SIL) and Damanganga Processors Limited (DPL) were demerged into Sutlej with effect from July 1, 2005. Sutlej is a part of the KK Birla Group of companies. It has inherited the legacy of SIL, which was promoted by late G D Birla in 1934 under the name of Sutlej Cotton Mills Limited, which was subsequently changed to Sutlej Industries Limited in 1995. Dr K K Birla is the chairman of Sutlej and is also the chairman of the KK Birla Group of companies.

Sutlej is also one of the prominent manufacturers of cotton and cotton blended dyed and melange yarn in the country. The company has two major units producing synthetic and blended yarns and 100% yarns. It manufactures cotton goods including drills, saris, bed sheets, towels and twills. It is an integrated player in the textiles industry with a value chain extending from yarn at one end and extending to fabric, garments and home textiles at the other, enabling it to address opportunities in every intervening segment.

The company’s manufacturing unit are located at Kathua in Jammu & Kashmir, Bhawanimandi in Rajasthan and Daheli in Gujarat.

Historical Background:

Originally, SIL was set up with a composite textile mill at Okara, now in Pakistan. After the partition in 1947, the factory at Okara was seized by the government of Pakistan. In the year 1963, SIL established Rajasthan Textile Mills (RTM) at Bhawanimandi, District Jhalawar, Rajasthan, to produce cotton yarn. In 1970, it diversified into synthetic blended yarn.

In 1981, it leased a spinning unit called Chenab Textile Mills (CTM) from Texmaco Ltd. situated at Kathua (Jammu & Kashmir), manufacturing cotton yarn and synthetic yarn. Subsequently in 1997, SIL purchased all the assets of CTM.  

In 2001, SIL forward integrated its operations by establishing Damanganga Fabrics (DGF) at Daheli in Gujarat to manufacture and process fabrics.

Sutlej has recently installed facilities to manufacture home furnishings and garments at DGF.

Activities of the company:

1) Spinning: Sutlej is the biggest producer and is one of the largest exporters of value-added synthetic and blended dyed spun yarn in the country. It is also one of the prominent manufacturers of cotton and cotton blended dyed and melange yarn in the country. 

Sutlej is a one-stop-shop for all types of spun yarns for its customers because of a broad product range. The company is a pioneer in developing a large number of blends and shades to meet the ever changing requirement of its customers.

2) Weaving: Sutlej manufactures woven fabrics, which are mainly used for suiting and trousers. Sutlej’s strength to offer a vast product range stems from its ability to blend various yarns to ensure the right texture, style and above all, the right value-for-money products to its clients.

It has state-of-the-art technology with computer aided designing equipments, enabling wider range of design executed with precision, ensuring wider choices and lower.

3) The Home Textiles Project: The Home Textiles project has started commercial production since July 2006 to produce 1.8 million metres of home furnishing fabrics per annum.

The product range comprises furnishing fabrics and made-ups of Jacquard and Dobby weaves of various types of fibre like cotton, polyester, rayon blends, chenille, flax, silk, jute, linen and other blends. The product range also includes curtain fabrics, upholstery fabrics, seats and seat covers; mattress covers, bed spreads and covers; quilts and quilting materials; table linen and kitchen linen, etc. It offers further value-added fabrics in terms of hand painted fabrics and embroidered fabrics.

4) Garments: The garments production unit has commenced commercial production in October, 2006 with a capacity of 1.5 million trousers per annum.

Clientele:

Its customers include ITC, Pantaloon, Westside, Siyaram's, Arvind, Grasim.-Monte Carlo, Harry's Collection, Donear, Digjam and Raymond, Arrow (US), Penny (US), Marks & Spencer (UK), JC, Next (UK), B H S (UK), ASDA (UK) and Carrefour (France). The company's plants are located at Rajasthan, Jammu & Kashmir and Gujarat.

Achievements:

  • Sutlej is the biggest producer and is one of the largest exporters of value-added synthetic and blended dyed spun yarn in the country
  • It is also amongst few exclusive spinners in India for specialty yarns such as Modal, Lyocell and Tencel in the country.
  • The company has emerged as a preferred supplier of fabrics on account of its colours, blends, textures and finishes in more than 26 countries.
  • Sutlej started a pilot plant in the fourth quarter of 2005-2006 to test market its products. The trousers produced and exported have been well received. Sutlej is expanding its capacities to produce suits and blazers, as well.
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.