SEL Manufacturing Company Ltd - Stock Valuation and Financial Performance

BSE: 532886 | NSE: SELMC | Textile | Small Cap

SEL Manufacturing Share Price

81.52 -1.68 -2.02%
as on 12-Apr'24 16:59

DeciZen - make an informed investing decision on SEL Manufacturing

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

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

SEL Manufacturing Company stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
270.1 Cr.
52-wk low:
69.1
52-wk high:
187.4

Is SEL Manufacturing Company Ltd an attractive stock to invest in?

1. Is SEL Manufacturing Company Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that SEL Manufacturing Company Ltd is a average quality company.

2. Is SEL Manufacturing Company Ltd undervalued or overvalued?

The key valuation ratios of SEL Manufacturing Company Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is SEL Manufacturing Company Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of SEL Manufacturing Company Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of SEL Manufacturing:

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.
SEL Manufacturing Company 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 % 1.4%1.2%0.5%-6.4%-30.5%-3.8%-99.7%159.4%-8.5%-14.6%-
Value Creation
Index
-0.9-0.9-1.0-1.5NANANA10.4-1.6-2.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2,9562,3261,9481,713989459291190420554575
Sales YoY Gr.--21.3%-16.3%-12.1%-42.2%-53.6%-36.6%-34.6%120.7%32%-
Adj EPS -4.7-3.5-6.6-11.6-39.2-4.6-78648.2-40.2-61.2-64.4
YoY Gr.-NANANANANANANA-106.2%NA-
BVPS (₹) 35.632.821.86.1-61.4-68.5-145.4125.679.644.8-0.9
Adj Net
Profit
-156-115-217-385-1,297-154-2,5842,148-133-203-213
Cash Flow from Ops. 359-415105344253363-9.989135.244.2-
Debt/CF from Ops. 9.7-9.640.312.124.316.9-621.31.128.821.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -17%-10.9%24%32%
Adj EPS NANANANA
BVPS2.6%NANA-43.7%
Share Price 36.8% 131.4% 315.1% -50.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-11.9-9.9-23.1-83.3141.67.272.9-97.6-39.2-98.3-293.6
Op. Profit
Mgn %
7.312.313.6-26.9-26.6-6.4-21-10.5-1.4-12.9-13
Net Profit
Mgn %
-5.3-5-11.2-22.5-131.1-33.5-8881128.2-31.7-36.6-37.1
Debt to
Equity
2.93.45.920.5-3-2.7-1.32.33.96.3-
Working Cap
Days
2493605005435283933602921318017
Cash Conv.
Cycle
16724136040934679701296523-54

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 23.96%

Sales growth is good in last 4 quarters at 38.52%

Return on Equity is Poor

Debt to equity has increased versus last 3 years average to 6.28

Latest Financials - SEL Manufacturing Company Ltd.

Standalone Consolidated
TTM EPS (₹) -64.4 -64.4
TTM Sales (₹ Cr.) 575 575
BVPS (₹.) -0.9 -0.9
Reserves (₹ Cr.) -36 -36
P/BV -89.84 -93.27
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 69.06 / 187.40
All Time Low / High (₹) 0.39 / 1237.85
Market Cap (₹ Cr.) 270
Equity (₹ Cr.) 33.1
Face Value (₹) 10
Industry PE 29

Management X-Ray of SEL Manufacturing:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *36.1336.1336.1336.1336.1336.1336.0036.0036.0036.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of SEL Manufacturing

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
Sales2,9562,3261,9481,713989459291190420554
Operating Expenses 2,7402,0401,6892,1941,261489352332426626
Manufacturing Costs341355317261229255201137242133
Material Costs2,1991,4951,1901,724849125641290436
Employee Cost 123111109107998068508245
Other Costs 7780741018429181331311
Operating Profit 216285259-481-272-30-61-142-6-71
Operating Profit Margin (%) 7.3%12.3%13.3%-28.1%-27.5%-6.5%-21.0%-74.5%-1.4%-12.9%
Other Income 90123110904975772720
Interest 31224834212383123043
Depreciation 212293285114112109108107106102
Exceptional Items -1810-301-227-1,325-169-2,4475,352310
Profit Before Tax -400-133-558-854-1,667-236-2,5415,104-131-186
Tax -144-42-156-29755500000
Profit After Tax -255-91-402-558-2,222-236-2,5415,104-131-186
PAT Margin (%) -8.6%-3.9%-20.6%-32.6%-224.0%-51.4%-873.0%2,680.9%-31.3%-33.5%
Adjusted EPS (₹)-7.7-2.7-12.1-16.8-67.1-7.1-76.71,540.4-39.6-56.1
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 1,1801,158722202-2,034-2,270-4,818416264148
Share Capital 331401331331331331331333333
Reserves 849757390-129-2,365-2,601-5,149383231115
Minority Interest0000000000
Debt3,0363,6683,9383,6495,3495,0084,608958995895
Long Term Debt1,4562,5982,5542,2221,9171,5851,181958992895
Short Term Debt1,5791,0701,3851,4273,4323,4233,427030
Trade Payables203231170148666868132484
Others Liabilities 6893862632349931,3201,73710610397
Total Liabilities 5,1095,4435,0944,2334,3744,1271,5951,4921,3851,225

Fixed Assets

Gross Block2,8642,9602,9582,9902,9542,9552,9552,9362,9322,932
Accumulated Depreciation5418371,1201,2341,3391,4481,5561,6551,7581,860
Net Fixed Assets2,3232,1231,8381,7561,6151,5061,3991,2811,1741,073
CWIP 16417918516317016942424242
Investments 55856023592,0212,0221211
Inventories7101,2141,391844685927233653
Trade Receivables8177428991,000136437163576
Cash Equivalents 13473793521273
Others Assets52357850845236132252696847
Total Assets 5,1095,4435,0944,2334,3744,1271,5951,4921,3851,225

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 359-415105344253363-108913544
PBT -400-133-558-854-1,667-236-2,5415,104-131-186
Adjustment 5125319254561,0392782,537-5,252129116
Changes in Working Capital 253-811-262742936320-6103938114
Tax Paid -7-200-5500000
Cash Flow From Investing Activity -261-1121-8-1,954-174-8316
Capex -153-1111-322010-1015
Net Investments -2-2250-2,01310010
Others -106103-42439-194-721
Cash Flow From Financing Activity -110460-137-3471,695-3433-878-43-60
Net Proceeds from Shares 070000003300
Net Proceeds from Borrowing -1181,141-114-271-305-332-1-39133-28
Interest Paid -305-242-337-119-5-20-1-29-43
Dividend Paid 0000000000
Others 314-509314422,006-104-518-4711
Net Cash Flow -1134-10-11-62-35-40
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-19.69-7.99-44.42-120.69N/AN/AN/A0-38.63-90.23
ROCE (%)-1.92.35-4.27-15.71N/AN/AN/A378.65-7.67-12.1
Asset Turnover Ratio0.580.440.370.370.230.110.10.120.290.42
PAT to CFO Conversion(x)N/AN/AN/AN/AN/AN/AN/A0.17N/AN/A
Working Capital Days
Receivable Days8512215420220971711285221
Inventory Days1101512442381685154482529
Payable Days40536234461963861,2397545

SEL Manufacturing Company Ltd Stock News

SEL Manufacturing Company Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of SEL Manufacturing on 12-Apr-2024 16:59 is ₹81.52.
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 12-Apr-2024 16:59 the market cap of SEL Manufacturing stood at ₹270.1.
The latest P/E ratio of SEL Manufacturing as of 12-Apr-2024 16:59 is 0.00.
The latest P/B ratio of SEL Manufacturing as of 12-Apr-2024 16:59 is -89.84.
The 52-week high of SEL Manufacturing is ₹187.4 and the 52-week low is ₹69.06.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of SEL Manufacturing is ₹574.6 ( Cr.) .

About SEL Manufacturing Company Ltd

SEL Manufacturing Company was incorporated as Saluja Exim Limited on May 8, 2000 under the Companies Act, 1956 and obtained certificate of commencement of business on June 2, 2000.

R S Saluja Group was established in the year 1969 for manufacturing ready-made garments for the domestic market. Over the years, the company grown to a pioneer position in exports, supplying yarn, fabrics and garments to major markets in Russia and Middle East. At present company has four state-of-the-art garmenting units, one knitting unit and complete state of the art processing house and 50000 spindles cotton yarn spinning.

It is a vertically integrated textile company, manufacturing and exporting cotton yarn, combed yarn, knitted fabrics and knitted garments with our production facilities located in Ludhiana in Punjab and Baddi in Himachal Pradesh. To cater to its target exports markets, it has opened representative offices in Russia and Dubai. Presently, majority of its production of garments is exported to Russia and UAE.

The company is operating with a consolidated capacity to manufacture 4.5 million garment pieces per annum. Its capacities in cotton and combed yarn and fabric knitting are at approximately 29,856 spindles (6,516 tons yarns per annum) and 1,950 tons of fabric knitting per annum respectively.

It manufactures and export all types of knitted garments and its main products include t-shirts, polo shirts, sweat shirts, boxer shorts, thermals, girls top etc. A part of yarn produced from its spinning units are captively consumed for the knitting operations and balance is sold in both domestic as well as overseas market. Similarly, the fabric that it knit is also used for both knitted garment manufacturing and is also sold in local market as knitted fabric.

Their strong competencies in product development, manufacturing and marketing, are complimented by their most significant advantage in textiles that they make their own yarns and fabrics to meet quality and shipment time of garments. Their wide initiatives to achieve manufacturing and supply chain excellence, close collaboration with their suppliers, and sales offices at the customer’s doorstep all guarantee fast and flexible solutions.

With decades of expertise and excellence of meeting the discerning needs of niche client’s world wide, SEL Manufacturing Company has laid out ambitious plans of product capacity augmentation to continue its proud contributions in the world of premium quality cotton - yarn, fabrics and garments. 

Product range of the company includes :

  • Yarns
  • Knitted Fabrics:
  • Auto stripe, Body dia, Pleated jersey, Dri fit fabric, Organic cottonfibre dyed, Mercerised fabric,Lycra fabrics, Enzyme washed, Resin finished,Easy care,Teflon finish, Vegetable dyed fabrics
  • Garments:
  • T-shirt, polo shirt, Thermal Suits, Tank top, Shorts, Track suit, Sweat shirt and Undergarments
  • Terry Towels:- Beach Towels - Bath Towels- Kitchen Towels- Christmas Towels - Embellished/Embroidery Towel- Specialty Towels- Terry Madeups

Different divisions of the company:

  • Yarns Division
  • Knitted Fabrics Division
  • Garments Division
  • Terry Towels Division

Milestones:

  • 2000 -Incorporation of the Company on May 8, 2000 under the name of ‘Saluja Exim Limited’
  • 2003- Change of name to ‘SEL Manufacturing Company Limited’ w.e.f. July 21, 2003 Change of name to ‘Saluja Exim Limited’ w.e.f. November 14, 2003
  • 2004 -Change of name to ‘SEL Manufacturing Company Limited’ w.e.f. February 9, 2004
  • 2004 -Conversion of our Company from ‘public company’ to ‘private company’ w.e.f. March 31,2004
  • 2005 -The Company became a partner in M/s S E Exports w.e.f April 1, 2005
  • 2005- Insertion of following clause to our main objects w.e.f November 12, 2005: - to carry on business of manufacturing and processing of and dealers in all kinds of yarns, hosiery goods, readymade garments, carpets, duries, mats, rugs, blankets and other similar articles.
  • 2006 -Amalgamation of SPPL & SFL with the Company w.e.f April 1, 2004 vide court order dated February 23, 2006.
  • 2006 -Conversion of our Company from ‘private company’ to ‘public company’ w.e.f March 16, 2006
  • 2006 -Acquisition of 100% EOU spinning unit of Saluja Cotex Private Limited w.e.f June 1, 2006
  • 2006 -Acquisition of assets & property of Mangla Cotex Limited through bidding process from official liquidator vide order dated March 23, 2006 passed by the Hon’ble High Court of Punjab & Haryana at Chandigarh.
  • 2009 - The Company has acquired a majority stake in SEL Textiles Pvt Ltd, thereby making it a subsidiary.
    The Company acquired two spinning units located at Neemrana, District Alwar, Rajasthan and Hansi, District Hisar, Haryana.
  • 2010 - Setting-up of first bio-mass based captive power generation plant at Rahon, District Nawanshahr, Punjab.
    Setting-up of second Terry Towel unit at Rahon, thereby increasing the capacity levels to 45 TPD.
  • 2011 - Setting-up of India’s largest spinning unit at a single location, located at Mehatwara, District Sehore, Madhya Pradesh.
    Acquired another Garment manufacturing unit in Ludhiana.
    Went live with one of the fastest ERP implementations in the industry.
  • 2012 - Setting-up of the second bio-mass based captive power generation plant at Rahon, District Nawanshahr, Punjab.
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