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1. Is SPL Industries Ltd a good quality company?
Past 10 year's financial track record analysis by Moneyworks4me indicates that SPL Industries Ltd is a average quality company.
2. Is SPL Industries Ltd undervalued or overvalued?
The key valuation ratios of SPL Industries Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
3. Is SPL Industries Ltd a good buy now?
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of SPL Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘValue Creation Index Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | TTM | |||
| ROCE % ⓘ | -16% | 6.1% | 0.9% | 12.6% | 0.3% | 6.2% | 31.7% | 25.8% | 10.3% | 12.7% | - | ||
| Value Creation Index ⓘ | -2.1 | -0.6 | -0.9 | -0.1 | -1.0 | -0.6 | 1.3 | 0.8 | -0.3 | -0.1 | - | ||
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ |
|||||||||||||
| Sales ⓘ | 39.6 | 45.5 | 59.7 | 149 | 151 | 173 | 157 | 179 | 110 | 198 | 302 | ||
| YoY Gr. Rt. % | - | 14.9% | 31.2% | 149.1% | 1.2% | 14.7% | -9.3% | 14.1% | -38.5% | 79.7% | - | ||
| Adj EPS ⓘ | -6.6 | 1.1 | 0.2 | 2.8 | -0.6 | 1.2 | 9.2 | 10.1 | 4.8 | 6.7 | 9.5 | ||
| YoY Gr. Rt. % | - | NA | -85.8% | 1637.5% | -121.2% | NA | 655.7% | 9% | -52.3% | 40.3% | - | ||
| BVPS (₹) ⓘ | 8.5 | 9.5 | 9.7 | 12.7 | 13.4 | 24.3 | 24.7 | 35.6 | 40.3 | 47.6 | 54.5 | ||
| Adj Net Profit ⓘ | -19.2 | 3.3 | 0.5 | 8.1 | -1.7 | 3.6 | 26.7 | 29.1 | 13.9 | 19.5 | 27 | ||
| Cash Flow from Ops. ⓘ | 5.1 | 3.1 | -3.9 | -9 | 19.2 | 15.8 | 15.9 | 28.2 | 29.8 | 8.1 | - | ||
| Debt/CF from Ops. ⓘ | 0.9 | 0 | -1.4 | -2 | 0.8 | 0.2 | 0.2 | 0.1 | 0.2 | 0.6 | - | ||
CAGR ⓘCAGR Colour Code Guide ⓘ |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9 Years | 5 Years | 3 Years | 1 Years | |||||||||
| Sales ⓘ | 19.6% | 5.6% | 8.1% | 79.7% | ||||||||
| Adj EPS ⓘ | NA | NA | -10% | 40.3% | ||||||||
| BVPS ⓘ | 21.1 | 28.9 | 24.4 | 18.1 | ||||||||
| Share Price | 32.5% | 21.6% | 40.5% | 4.3% | ||||||||
Key Financial Parameters ⓘPerformance Ratio Colour Code Guide ⓘ |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | TTM | ||
| Return on Equity % ⓘ | -30.7 | 6.2 | 0.8 | 13.7 | -2.7 | 5.2 | 31.8 | 25.7 | 10.2 | 12.7 | 18.6 | |
| Op. Profit Mgn % ⓘ | -24.7 | 14.9 | 6.7 | 7.8 | 1.5 | 4.1 | 18.8 | 15 | 14.8 | 11.2 | 8.7 | |
| Net Profit Mgn % ⓘ | -48.5 | 7.2 | 0.8 | 5.4 | -1.1 | 2.1 | 17.1 | 16.3 | 12.6 | 9.9 | 9.1 | |
| Debt to Equity ⓘ | 0.2 | 0 | 0.2 | 0.5 | 0.4 | 0 | 0 | 0 | 0 | 0 | - | |
| Working Cap Days ⓘ | 265 | 97 | 116 | 95 | 138 | 111 | 111 | 102 | 112 | 101 | 0 | |
| Cash Conv. Cycle ⓘ | 22 | 1 | 38 | 52 | 59 | 19 | 25 | 45 | 59 | 19 | 0 | |
Return on Equity has increased versus last 3 years average to 18.60%
Sales growth is good in last 4 quarters at 129.76%
Sales growth has been subdued in last 3 years 8.08%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 9.5 | -24.2 |
| TTM Sales (₹ Cr.) | 302 | 158 |
| BVPS (₹.) ⓘ | 54.5 | 0 |
| Reserves (₹ Cr.) ⓘ | 129 | 13 |
| P/BV ⓘ | 1.09 | 0.00 |
| PE ⓘ | 6.25 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 43.45 / 86.00 |
| All Time Low / High (₹) | 2.02 / 114.95 |
| Market Cap (₹ Cr.) | 172 |
| Equity (₹ Cr.) | 29 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 23.4 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
SPL Industries Ltd was originally incorporated as Shivalik Prints Private Limited on December 6, 1991 in New Delhi under the Companies Act, 1956. The name of the Company was changed from Shivalik Prints Private Limited to SPL Industries Ltd vide Fresh Certificate of Incorporation dated September 26, 1994.
The company is promoted by H.R. Gupta and Vijay Jindal and is a leading manufacturer & exporter of Knitted fabric and Knitted garments. SPLIL designs, manufactures and sells a wide range of outer wear – T shirts, sweat shirts, polo shirts, etc. for top end customers in the international market.
SPLIL established its first textile unit named “SPL processing house†with a focus on printing and dyeing of cloth with a capacity of 1,00,000 meters/day. SPLIL planned to become a major supplier of printed and dyed cloth in northern India. In July 1992, SPLIL expanded its operation by installing new equipment and increased its capacity to 150,000 meters/day.
In March 1995, the Company set up a vertical integrated plant for apparel manufacturing, which had the facilities for knitting, dyeing, processing, cutting and stitching, with a capacity of producing 100,000 pieces of knitted garment per month. Due to a growing customer base and demand for its products, SPLIL increased its capacity by another 150,000 pieces per month i.e. a total of 250,000 pieces per month.
In 1999, SPLIL sold off the printing unit. In 2000, SPLIL decided to further diversify its operations and a started sweater division with a capacity of 120,000 pieces per month.
In 2000, SPLIL established another knitwear unit with capacity of 250,000 pieces per month and 100,000 pieces per month of Home Furnishings. Thus the total capacity reached 500,000 pieces per month of garments. Later in 2002, SPLIL opened another Knitted Garment unit with capacity of 250,000 pieces per month which increased the capacity to 7,50,000 pieces per month.
In 2003, the Company amalgamated SPL Machines Ltd. (Formerly known as J. Perrot Company India Private Ltd.) with SPL Industries Ltd. as per Delhi High Court decision. 2 shares were issued to the shareholders of SPL Machines Private Ltd. towards the payment consideration.
The Company has a well equipped design studio. SPLIL employs a team of designers who design and develop the products as per the requirements of the customers. They regularly visit International fairs like Piiti Fillatt, Expofil and Premier vision.
These fairs determine the latest trends in yarn / fabric and colours for the following season. The design team regularly interacts with the customers which helps it to keep pace with their expectations. SPLIL exports knitted apparels to USA, Europe, Canada and Japan. Almost 95% of the total production is exported. The major customers of the Company are GAP, JC Penney, Kohls, Haggar, Sears, HMX, Supreme, PVH, Federated etc. The Company adheres to international standards as required by the customers.
SPLIL also manufactures Home Furnishings which include Bedsheets, Curtains, pillows etc. these products are exported to Middle East and USA
Product range of the company includes:
Milestones:
Achievements/ recognition:
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