Suryalakshmi Cotton Mills Ltd - Stock Valuation and Financial Performance

BSE: 521200 | NSE: SURYALAXMI | Textile | Small Cap

Suryalakshmi Cotton Share Price

84.83 -1.90 -2.19%
as on 12-Jul'24 16:01

DeciZen - make an informed investing decision on Suryalakshmi Cotton

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

1. Quality

2. Valuation

Overvalued

3. Price Trend

Suryalakshmi Cotton Mills stock performance -

mw4me loader
P/E Ratio (SA):
44.46
Market Cap:
160.4 Cr.
52-wk low:
56
52-wk high:
93

Is Suryalakshmi Cotton Mills Ltd an attractive stock to invest in?

1. Is Suryalakshmi Cotton Mills Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Suryalakshmi Cotton Mills Ltd is a average quality company.

2. Is Suryalakshmi Cotton Mills Ltd undervalued or overvalued?

The key valuation ratios of Suryalakshmi Cotton Mills Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Suryalakshmi Cotton Mills Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Suryalakshmi Cotton Mills Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Suryalakshmi Cotton:

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.
Suryalakshmi Cotton Mills 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 % 5.7%5.7%8.2%6.6%4.6%2.2%0.3%2.5%8.5%6.4%-
Value Creation
Index
-0.6-0.6-0.4-0.5-0.7-0.8-1.0-0.8-0.4-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 702705760777761742597486778851782
Sales YoY Gr.-0.5%7.8%2.3%-2.1%-2.5%-19.5%-18.6%60.2%9.4%-
Adj EPS 5.67.418.210.91.8-7.1-14-5.615.17.71.9
YoY Gr.-31.8%147.4%-40.4%-83.4%-490.1%NANANA-49.2%-
BVPS (₹) 147.1141.3156.1165.7167.4160.7140.9139.1133.2138.9140.5
Adj Net
Profit
8.112.330.418.13-11.8-23.3-9.328.314.44
Cash Flow from Ops. 77.177.968.686.52978.164.933.45499.3-
Debt/CF from Ops. 4.33.85.44.313.44.54.99.352-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 2.2%2.3%12.5%9.4%
Adj EPS 3.6%33.5%NA-49.2%
BVPS-0.6%-3.7%-0.5%4.3%
Share Price 0% 29.3% 9.7% 43.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
3.23.99.35.91.1-4.3-9.2-411.75.61.4
Op. Profit
Mgn %
9.910.612.812.48.65.74.17.110.27.37
Net Profit
Mgn %
1.21.742.30.4-1.6-3.9-1.93.61.70.5
Debt to
Equity
1.51.21.41.31.41.31.31.31.10.80.3
Working Cap
Days
14214815414816817720925715915291
Cash Conv.
Cycle
83828678919099105645619

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 12.54%

Debt to equity has declined versus last 3 years average to 0.75

Return on Equity has declined versus last 3 years average to 1.40%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at -7.58%

Latest Financials - Suryalakshmi Cotton Mills Ltd.

Standalone Consolidated
TTM EPS (₹) 1.9 16.2
TTM Sales (₹ Cr.) 782 727
BVPS (₹.) 140.5 0
Reserves (₹ Cr.) 245 190
P/BV 0.61 0.00
PE 44.46 5.28
From the Market
52 Week Low / High (₹) 56.00 / 93.00
All Time Low / High (₹) 1.62 / 270.00
Market Cap (₹ Cr.) 160
Equity (₹ Cr.) 18.8
Face Value (₹) 10
Industry PE 29.4

Management X-Ray of Suryalakshmi Cotton:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *67.5955.0155.0155.0155.0155.0155.0150.6595.6395.63
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Suryalakshmi Cotton

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
Sales702705760777761742597486778851
Operating Expenses 632630663681696700586451698789
Manufacturing Costs1341421651621451189371121145
Material Costs422406389401440449371312468538
Employee Cost 48556771767866405764
Other Costs 29284148365557285242
Operating Profit 70759796654211358062
Operating Profit Margin (%) 9.9%10.6%12.8%12.4%8.6%5.7%1.8%7.1%10.2%7.3%
Other Income 119131363356
Interest 37343438393736322424
Depreciation 32323131292624161618
Exceptional Items 5002200115-7
Profit Before Tax 171844313-14-4605019
Tax 561411-2-6-140166
Profit After Tax 121230205-8-3203413
PAT Margin (%) 1.7%1.7%4.0%2.5%0.7%-1.1%-5.3%-0.1%4.4%1.5%
Adjusted EPS (₹)8.07.117.711.73.1-5.1-19.1-0.218.36.8
Dividend Payout Ratio (%)15%17%10%9%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 308322336278281270237234252263
Share Capital 18252518181818182121
Reserves 290296310260262251218215232242
Minority Interest0000000000
Debt283239326317362319296267256184
Long Term Debt1501241681281441231149610157
Short Term Debt133114158188218196182170155127
Trade Payables526173761008610889121131
Others Liabilities 11212314113810610487986975
Total Liabilities 755744876809850779726688697654

Fixed Assets

Gross Block696796911748770771729728635657
Accumulated Depreciation244377419340367390392406395411
Net Fixed Assets452419492408403380337322240245
CWIP 010315212221
Investments 0000000000
Inventories111138156178173130157125157150
Trade Receivables110103137131177168123129150140
Cash Equivalents 9109410913201522
Others Assets736479738589949013496
Total Assets 755744876809850779726688697654

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 77786987297865335499
PBT 171844313-14-46-4016
Adjustment 68646567666171339147
Changes in Working Capital -4-2-35-1-3732404-3740
Tax Paid -4-3-6-11-30000-3
Cash Flow From Investing Activity -12-25-109-27-8-2818-8-3
Capex -11-25-110-28-9-4717-94
Net Investments -2000000000
Others 101112111-7
Cash Flow From Financing Activity -70-5239-62-22-75-70-45-49-98
Net Proceeds from Shares 016000000180
Net Proceeds from Borrowing 000-34-11-16-205-27-41
Interest Paid -36-35-33-38-39-38-35-39-24-29
Dividend Paid -3-2-2-4-200000
Others -31-31751429-21-15-11-15-28
Net Cash Flow -51-1-3-1126-3-1
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)5.595.4212.127.271.86-3.09-12.64-0.1514.254.97
ROCE (%)9.759.5513.3510.66.333.58-1.675.8313.978.82
Asset Turnover Ratio1.040.990.991.111.071.040.890.721.251.41
PAT to CFO Conversion(x)6.426.52.34.355.8N/AN/AN/A1.597.62
Working Capital Days
Receivable Days57535553647480905955
Inventory Days536167657265791016059
Payable Days425063687376951158286

Suryalakshmi Cotton Mills Ltd Stock News

Suryalakshmi Cotton Mills Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Suryalakshmi Cotton on 12-Jul-2024 16:01 is ₹84.83.
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-Jul-2024 16:01 the market cap of Suryalakshmi Cotton stood at ₹160.3.
The latest P/E ratio of Suryalakshmi Cotton as of 12-Jul-2024 16:01 is 44.46.
The latest P/B ratio of Suryalakshmi Cotton as of 12-Jul-2024 16:01 is 0.61.
The 52-week high of Suryalakshmi Cotton is ₹93.00 and the 52-week low is ₹56.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Suryalakshmi Cotton is ₹782.4 ( Cr.) .

About Suryalakshmi Cotton Mills Ltd

L N Agarwal started Suryalakshmi Cotton Mills in the year 1962, with 6,000 spindles to manufacture world class cotton and blended yarns, with a vision and commitment to establish the company as a leading enterprise in the textile industry. The company has, as a result, grown multifold in just four decades and also established the state of the art denim manufacturing plant having a capacity of 30 million meters per annum.

Today Suryalakshmi's yarn and rope dyed denim are acknowledged as the finest across international markets.The company has registered a growth of over 600% in the last decade alone.

Suryalakshmi's ongoing programme of modernisation and higher production Capacity has resulted in its denim production from 10 million meters to 30 million meters per annum. While yarn production capacity has also increased in multifold.

Suryalakshmi's denim plant at Ramtek near Nagpur, Maharashtra is equipped with the state of the art machines to produce Rope dyed denim. The plant has a capacity to produce 30 million meters of denim per annum.  Suryalakshmi's denim plant ranks among the best in the world. The blow room line, cards and draw frames are from Trutzschler, Autocore open end are of schalafhorst. Ball warping Machines and Long Chain Beamers are from Reed Chatwood Inc. and McCoy Ellison. Rope Dyeing Machine is from KTM, USA. The finishing range is from Monforts. The company has airjet looms of Nissan, Toyoda, Tsudakoma and Picanol.

Complete harmony is present not only across width of the fabric but right through the different batches. Fabric enriched by its excellent gradation. All this is made possible through our technologically superior machinery. 

In 2010 Suryalakshmi alloted Rs 150 crore for expansion; to enter power sector. In 2012 the Company's 25 MW Captive Power Plant at its Denim Division near Ramtek commenced operations.

Product range of the company includes:

The company has over 300 different varieties of denim to offer. Other than the basics, the product range can be broadly classified into Silky, Streaky, Ring, Cross hatch, Blends, Stretch, SL magic, Trends and last but not the least a wide range in Shirting denim fabrics.

Denim 

  • Basics
  • Blends
  • Silky
  • Stretch
  • Streaky Ring
  • SL magic
  • Cross Hatch
  • Trends

Spinning

The company has an exciting product range in the counts 16s Ne to 40s Ne.100 % cotton combed yarns

Achievements/ recognition:-

  • An IS /ISO 9001:2000 certified company
  • Suryalakshmi Cotton Mills is recognized as an Export House by the Government of India
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