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Sudar Industries Ltd Stock Analysis

Small Cap
Evaluated by 255 users | BSE: 533332 | NSE: SUDAR |
Textile
Sudar Garments Limited was promoted by Murugan Muthiah Thevar , and he has been associated with the apparel manufacturing business since 1992. Initially, he had commenced business of manufacturing of readymade garments on job work basis for the exporters through a proprietary concern named...

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'06Mar'07Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15
Return on Capital Employed 6.27%8.54%8.02%8.96%14.92%9.78%12.58%14.29%16.08%6.67%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 5.87.98.720.752.8116195437849895
Y-o-Y Gr. Rt.-35.2%10.2%138.1%155.3%119.1%68.5%124.3%94.4%5.4%
Adjusted EPS (Rs.) -0.040.490.611.314.493.629.0711.118.030.16
Y-o-Y Gr. Rt.-NA24.5%114.8%242.8%-19.4%150.6%22.4%62.4%-99.1%
Book Value per Share (Rs.) 2.553.0410.4111.7220.4951.8760.3672.7190.8861.19
Adjusted Net Profit 00.10.30.64.36.716.82540.60.4
Net Op. Cash Flow (Rs. Cr.) -0.7-1.30.21-1.2-53.33.5-41.4-63-28.8
Debt to Cash Flow from Ops -2.58-2.5660.7516.25-24.77-1.2331.08-3.85-3.57-9.63
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.
Sudar Industries Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 74.9%76.2%66.2%5.4%
Adjusted EPS NA-48.7%-74%-99.1%
Book Value per Share 42.424.50.5-32.7
Share Price - - - -
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'06Mar'07Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15
Return on Equity (%) -1.6917.5210.3410.1932.3811.6216.1518.1222.030.22
Operating Profit Margin (%) 5.536.0714.6214.3617.1216.7418.0415.1111.245.77
Net Profit Margin (%) -0.161.333.182.848.055.818.645.724.780.04
Debt to Equity 3.385.062.043.221.50.680.970.971.12.01
Working Capital Days 76123181106108176198180170204
Cash Conversion Cycle 651161711007484117124120156
Entity Percentage Holding
Promoters 17.66%
Institutions 0.38%
Non-Institutions 81.96%
Pledged *81.4881.4881.4879.9979.9996.2381.5582.1497.6297.62
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

Data is not available for this company.

Data is not available for this company

Sudar Garments Limited was promoted by Murugan Muthiah Thevar , and he has been associated with the apparel manufacturing business since 1992. Initially, he had commenced business of manufacturing of readymade garments on job work basis for the exporters through a proprietary concern named ‘Sudar Garments’. Over a period of time due to expansion of the customer base, increase in demand for readymade garments, and to gain advantage of having all the outsourced

Sudar Garments Limited was promoted by Murugan Muthiah Thevar , and he has been associated with the apparel manufacturing business since 1992. Initially, he had commenced business of manufacturing of readymade garments on job work basis for the exporters through a proprietary concern named ‘Sudar Garments’. Over a period of time due to expansion of the customer base, increase in demand for readymade garments, and to gain advantage of having all the outsourced activity under one umbrella, restructuring of the business was carried out. The company has its own manufacturing setup at Khalapur Taluka, Raigad District, Maharashtra with a built-up area of about, 29,626.30 sq. mtr., having a combined capacity of producing 1,66,667 pieces of shirts, dress, pants tops, skirts, and denims per month.

Business profile:

The company is engaged in the manufacturing of garments for men wear, women wear and kids wear. Until 2006-07, the company had a small manufacturing set up, having 150 sewing machines and other supporting machines, under which each and every worker undertook independently the manufacturing of a garment. In order to bring efficiency into manufacturing, we undertook an expansion plan in the year 2007- 08 and our capacity was enhanced to 5 lacs garments by installing 150 sewing machines along with few specialized supporting machines. During the year 2008-09, its capacity was enhanced to 8 lacs garments by installing 180 sewing machines and during the year 2009-10, its capacity further enhanced to 20 lacs garments by installing 116 sewing machines along with other balancing automatic specialized machines.

The company specializes in shirts, trousers and wide range of other apparel. The company functions as an integrated apparel manufacturer with the capability of designing and manufacturing involving cutting, body stitching, washing, ironing and finishing. The company manufacturing unit caters to the requirement of whole sellers as well as own branded products through retail distribution network such as malls and multi branded outlets. The company is presently manufactures under its own brand name “Glory to Glory” and will be launching shortly two more brands namely ‘St. Paul’ and ‘Majesty’. We have selling agents in South India for our existing brand ‘Glory to Glory’ and are rapidly consolidating its network.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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