Spice Islands Apparels Ltd Stock Analysis

BSE: 526827 | NSE: | Textile | Small Cap

BSE Share Price May 20, 18:01
11.50 -0.60 (-4.96%)

DeciZen - Make an Informed Decision on Spice Island Apparel

M-Cap below 100cr DeciZen not available


1. Is Spice Islands Apparels Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Spice Islands Apparels Ltd is a below average quality company.

2. Is Spice Islands Apparels Ltd undervalued or overvalued?

The key valuation ratios of Spice Islands Apparels Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Spice Islands Apparels Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Spice Islands Apparels 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 Spice Island Apparel:

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.
Spice Islands Apparels Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

ROCE % 2.4%-3.5%1.8%4.2%1.6%-13.6%-11.6%-27.7%-41%-50.9%-
Value Creation Index -0.8-1.3-0.9-0.7-0.9-2.0-1.8-3.0-3.9-4.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 13.812.316.224.12317.728.81715.66.64
YoY Gr. Rt. %--10.8%31.3%49.1%-4.8%-22.8%62.6%-40.9%-8.2%-57.8%-
Adj EPS 0.4-
YoY Gr. Rt. %--541%NA234.4%-77.6%-2100%NANANANA-
BVPS (₹) 3431.731.530.730.425.922.813.76.91.8-1.3
Adj Net Profit 0.2-
Cash Flow from Ops. -0.52.41-2.61.6-1.8-3.40.8-0.2-0.9-
Debt/CF from Ops. -


CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -7.9%-22.1%-38.8%-57.8%
Adj EPS -232.1%-281.8%NANA
BVPS -27.9-43.2-57.2-73.9
Share Price -0.4% -12.8% -16.8% 160.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Return on Equity % 1.1-
Op. Profit Mgn % 3-5.4-
Net Profit Mgn % 1.2-
Debt to Equity 0.20000.
Working Cap Days 2352221251061331531161881281990
Cash Conv. Cycle 1118335172951487633330

Recent Performance Summary

No data to display

Return on Equity is Poor

Sales growth has been subdued in last 3 years -38.82%

Net Profit has been subdued in last 3 years 0.00%

Debt to equity has increased versus last 3 years average to 2.60

Sales growth is not so good in last 4 quarters at -27.70%

Latest Financials - Spice Islands Apparels Ltd.

Standalone Consolidated
TTM EPS (₹) -5.1 4.1
TTM Sales (₹ Cr.) 3.9 17.8
BVPS (₹.) -1.3 0
Reserves (₹ Cr.) -5 11
P/BV -8.78 0.00
PE 0.00 2.84
From the Market
52 Week Low / High (₹) 4.42 / 21.99
All Time Low / High (₹) 2.45 / 52.15
Market Cap (₹ Cr.) 5
Equity (₹ Cr.) 4.3
Face Value (₹) 10
Industry PE 13.4

Management X-Ray of Spice Island Apparel :

Shareholding Pattern

Promoter's Holding & Share Pledging

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

Event Update

Analyst's Notes


About Spice Islands Apparels Ltd

Spice Islands Apparels was established in 1994 by two experienced textile professionals. During the initial set-up phase, the company was manufacturing its merchandise through sub-contracted factories and basically offered only men's shirts and ladies tops.

Spice Islands set up its own manufacturing facility, which it since expanded in 1995 and again in 1999.

In 1995, the company came out with its maiden public issue and received an overwhelming response due to the company's strong position in the garment industry and sound fundamentals.

Subsequently, Spice Islands has been recognized as an Export House by the government of India since 1995.

In 1996, Spice Islands added the manufacturing of T-shirts (both men's and ladies) to its line of products. Having successfully managed its woven & jersey business, Spice Islands expanded its operations to incorporate a new strategy - sourcing & commissioned inspections.

Spice Islands has grown considerably since its initial conception and is now experienced in a variety of areas, including manufacturing, sourcing, agency work and commissioned inspections.

The shares of the company are listed on the Bombay Stock Exchange, Ahmedabad Stock Exchange and Poona Stock Exchange. It also operates a subsidiary namely Bhupco Alloys.

Its registered office is located at 62-B, Mittal Tower, 210, Nariman Point, Mumbai 400021.

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