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Thambbi Modern Spinning Mills Ltd. Stock Analysis

Small Cap
Evaluated by 26 users | BSE: 514484 | NSE: |
Textile - Spinning
Thambbi Modern Spinning Mills (TMSL) was incorporated as a Private Limited Company in 1977 with the object of taking over the business of ‘Thambi Modern Spinners’ a partnership firm in existence from 1973. TMSL was originally promoted by N.Ramasamy Udayar. Udayar has also promoted...

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 1.77%-16.36%-7.35%-5.75%-3.6%1.02%-74.24%-5.17%-9.83%-9.14%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 34.413.65.21.32.521.82.22.51.9
Y-o-Y Gr. Rt.--60.5%-61.7%-74.7%86.4%-17.9%-11.4%22.9%12.7%-23%
Adjusted EPS (Rs.) -1.09-9.36-4.65-2.01-1.52-0.24-17.63-2.31-3.89-3.79
Y-o-Y Gr. Rt.-NANANANANANANANANA
Book Value per Share (Rs.) 32.8324.8619.7424.5522.9622.745.122.75-0.89-4.67
Adjusted Net Profit -0.6-5.4-2.7-1.2-0.9-0.1-10.2-1.3-2.2-2.2
Net Op. Cash Flow (Rs. Cr.) -5.41.33.5-4.9-0.610.42.91.61.8
Debt to Cash Flow from Ops -1.725.851.95-0.41-4.273.4915.943.356.896.5
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.
Thambbi Modern 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 -27.5%-4.9%2.2%-23%
Adjusted EPS NANANANA
Book Value per Share -180.5-172.7-1970
Share Price -4.8% 4.1% 1.6% -
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) -3.82-32.44-20.87-9.08-6.42-1.03-126.53-58.8-417.87136.19
Operating Profit Margin (%) 4.81-20.62-12.77-145.24-1.7715.6817.174.17.3924.11
Net Profit Margin (%) -1.82-39.61-51.41-87.8-35.67-6.73-566.78-60.64-90.34-114.1
Debt to Equity 0.490.510.60.140.190.282.186.02-21.98-4.41
Working Capital Days 1213235101,258656783807642539652
Cash Conversion Cycle 83215207563341413399302298449
Entity Percentage Holding
Promoters 74.97%
Institutions 0.25%
Non-Institutions 24.78%
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 Thambbi Modern Spg's performance infers:

Thambbi Modern Spg earnings have grown by 0%, whereas share price has appreciated 4.1% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Thambbi Modern Spg share prices over the last 10 years. Here is what we found out:

Thambbi Modern Spg share price has appreciated -5% annually over the past ten years.

Thambbi Modern Spinning Mills (TMSL) was incorporated as a Private Limited Company in 1977 with the object of taking over the business of ‘Thambi Modern Spinners’ a partnership firm in existence from 1973. TMSL was originally promoted by N.Ramasamy Udayar. Udayar has also promoted various textile and other industries in and around Salem.

During 1978, the partnership firm was dissolved and the entire assets and liabilities of the firm were taken over by TMSL. The Company became

Thambbi Modern Spinning Mills (TMSL) was incorporated as a Private Limited Company in 1977 with the object of taking over the business of ‘Thambi Modern Spinners’ a partnership firm in existence from 1973. TMSL was originally promoted by N.Ramasamy Udayar. Udayar has also promoted various textile and other industries in and around Salem.

During 1978, the partnership firm was dissolved and the entire assets and liabilities of the firm were taken over by TMSL. The Company became a full fledged Public Limited Company on March 11, 1994 and the name of the Company was changed to Thambbi Modern Spinning Mills Limited on May 6, 1994.

Thambbi Brand Melange is the top / dope dyed yarn spun with advanced technology of yarn - dyeing and spinning.

The Company is an established unit having a wide network of outlets all over the country through its brokers. It also has a share in the export market and about 50% of its yarn is being exported to foreign countries. The Directorate General of Foreign Trade, Ministry of Commerce, Government of India has recognised the Company as a Registered Export House.

Product range of the company includes:

  • Ring Spun
  • Blended Yarn
  • Fancy Yarn
  • Processed Yarns
  • Rotor Spun Yarn (Open End)

Clientele:The Company exports its yarn directly to various textile manufactures in Europe, Israel and Turkey, UK, Colombia, Mouritius, and Bangladesh who are supplying garments to well-known departmental chains in Europe with acclaimed international quality standards such as

  • Marks & Spencers - UK
  • Hema - Holland
  • Playtex - Europe
  • Seidensticker - Germany
  • Carrefour - France
  • Pryca - Spain
  • Victoria Secret - USA

Achievements/ recognition:

  • Certified with  ISO 9001-2000
  • Government of India has recognised the Company as a Registered Export House.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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