Shri Dinesh Mills Ltd

₹ 331 0.15%

24 Apr 4:01 p.m.

About

Incorporated in 1935, Shri Dinesh Mills Ltd manufactures worsted fabrics (menswear), papermakers felts and industrial textiles^[1]

Key Points

Product Profile:^[1]
a) Press Felts:
Dinflo, Dinvent, Dinply
b) Dryer Screens:
Hi Contact Mono (Regular), Hi Contact Mono (Uni-Screen), Spiral Dryer Fabrics
c) Fiber & Asbestos Felts:
Dinasorb-Pipe Felt, Dinasorb-Sheet Felt
d) Other Products:
Filter Fabrics

Website BSE

Market Cap ₹ 185 Cr.
Current Price ₹ 331
High / Low ₹ 573 / 262
Stock P/E 19.7
Book Value ₹ 340
Dividend Yield 3.02 %
ROCE 5.91 %
ROE 4.47 %
Face Value ₹ 10.0

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Pros

Stock is trading at 0.98 times its book value
Company has been maintaining a healthy dividend payout of 23.6%
Company's working capital requirements have reduced from 57.0 days to 44.1 days

Cons

The company has delivered a poor sales growth of 2.44% over past five years.
Company has a low return on equity of 6.38% over last 3 years.
Earnings include an other income of Rs.11.6 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Textiles Industry: Textiles - Products

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
	23.92	24.64	26.13	24.58	23.32	24.14	23.55	25.35	17.21	27.19	23.84	14.53	16.22
	19.18	21.79	21.01	21.27	21.58	23.37	21.66	23.27	13.31	26.91	22.03	13.52	14.69
Operating Profit	4.74	2.85	5.12	3.31	1.74	0.77	1.89	2.08	3.90	0.28	1.81	1.01	1.53
OPM %	19.82%	11.57%	19.59%	13.47%	7.46%	3.19%	8.03%	8.21%	22.66%	1.03%	7.59%	6.95%	9.43%
	1.35	21.80	1.06	13.96	1.97	8.41	2.74	7.69	43.68	4.11	3.86	2.62	1.06
Interest	0.11	0.25	0.26	0.38	0.43	0.32	0.49	0.50	0.04	0.41	0.74	0.18	0.19
Depreciation	1.22	1.15	1.40	1.42	1.49	1.46	1.25	1.32	0.70	1.42	1.29	0.81	0.80
Profit before tax	4.76	23.25	4.52	15.47	1.79	7.40	2.89	7.95	46.84	2.56	3.64	2.64	1.60
Tax %	11.76%	13.33%	9.07%	20.88%	40.78%	10.95%	57.44%	24.28%	19.77%	29.69%	27.47%	27.27%	58.75%
	4.21	20.14	4.12	12.24	1.06	6.59	1.22	6.03	37.58	1.79	2.64	1.91	0.66
EPS in Rs	6.11	34.85	6.05	20.05	2.41	12.77	3.93	12.55	68.96	4.80	5.86	4.64	1.87
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	103.33	104.35	98.35	97.14	94.58	91.12	87.97	65.06	72.76	88.62	96.57	99.24	81.78
	84.57	84.88	84.53	85.30	85.49	87.13	80.77	64.66	59.17	71.70	85.61	92.04	77.15
Operating Profit	18.76	19.47	13.82	11.84	9.09	3.99	7.20	0.40	13.59	16.92	10.96	7.20	4.63
OPM %	18.16%	18.66%	14.05%	12.19%	9.61%	4.38%	8.18%	0.61%	18.68%	19.09%	11.35%	7.26%	5.66%
	2.64	3.51	3.45	3.24	4.22	-0.91	1.42	7.60	4.80	25.50	25.39	60.30	11.65
Interest	4.69	4.34	3.60	3.28	2.91	2.11	1.74	0.82	0.82	0.65	1.40	1.93	1.52
Depreciation	11.16	11.76	9.18	9.01	9.11	8.62	8.18	7.05	5.89	5.17	5.77	5.33	4.32
Profit before tax	5.55	6.88	4.49	2.79	1.29	-7.65	-1.30	0.13	11.68	36.60	29.18	60.24	10.44
Tax %	18.56%	22.82%	-9.13%	-12.54%	-71.32%	-11.11%	-80.00%	-469.23%	8.56%	10.74%	17.72%	22.59%
	4.53	5.31	4.90	3.15	2.21	-6.81	-0.26	0.74	10.68	32.68	24.02	46.63	7.00
EPS in Rs	7.34	9.58	9.32	5.98	4.86	-12.39	-0.12	2.08	17.53	53.62	42.58	90.26	17.17
Dividend Payout %	24.43%	18.78%	19.29%	25.07%	30.85%	-12.10%	-1,560.00%	144.55%	28.51%	13.99%	23.48%	33.23%

Compounded Sales Growth
10 Years:	-1%
5 Years:	2%
3 Years:	11%
TTM:	-9%

Compounded Profit Growth
10 Years:	5%
5 Years:	69%
3 Years:	-2%
TTM:	-19%

Stock Price CAGR
10 Years:	15%
5 Years:	30%
3 Years:	-22%
1 Year:	-34%

Return on Equity
10 Years:	4%
5 Years:	5%
3 Years:	6%
Last Year:	4%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	5.28	5.08	5.08	5.08	5.08	5.08	5.20	5.30	5.60	5.60	5.60	5.60	5.60
Reserves	90.18	92.56	92.65	94.77	96.91	90.54	92.75	91.90	104.96	132.04	151.51	195.86	184.97
	35.65	32.23	23.53	22.34	15.96	11.58	7.21	5.55	5.34	7.48	14.04	24.23	24.47
	42.83	41.16	40.93	42.12	41.92	39.97	41.14	33.89	31.00	41.33	48.42	45.17	44.48
Total Liabilities	173.94	171.03	162.19	164.31	159.87	147.17	146.30	136.64	146.90	186.45	219.57	270.86	259.52
	85.92	83.94	69.73	73.77	65.70	58.32	54.18	45.19	39.19	43.75	48.96	54.56	52.65
CWIP	2.06	0.00	4.21	0.00	0.00	0.10	0.00	0.00	0.00	0.00	0.00	0.00	0.09
Investments	8.34	7.13	0.93	0.37	34.40	35.35	46.95	58.05	73.84	92.24	116.02	162.68	149.63
	77.62	79.96	87.32	90.17	59.77	53.40	45.17	33.40	33.87	50.46	54.59	53.62	57.15
Total Assets	173.94	171.03	162.19	164.31	159.87	147.17	146.30	136.64	146.90	186.45	219.57	270.86	259.52

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	14.78	21.62	16.69	10.37	15.33	6.13	16.41	2.88	10.20	13.07	7.98	-3.73
	-3.65	-4.25	3.88	-5.95	-32.75	-0.17	-13.37	-3.39	-11.93	-10.98	-10.62	2.05
	-10.49	-9.38	-11.76	-3.17	-11.10	-6.28	-2.13	-1.99	2.15	0.55	0.96	2.74
Net Cash Flow	0.64	7.99	8.80	1.25	-28.53	-0.32	0.91	-2.50	0.42	2.64	-1.68	1.05

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	60.51	66.28	68.92	67.90	53.87	62.77	54.48	65.98	53.53	56.92	56.17	55.68
Inventory Days	446.05	334.18	351.09	383.10	438.00	324.66	264.38	248.91	269.08	251.92	164.14	203.08
Days Payable	37.14	36.66	55.20	57.78	70.03	73.32	96.21	107.55	87.32	107.20	76.95	103.42
Cash Conversion Cycle	469.43	363.80	364.81	393.22	421.85	314.11	222.65	207.33	235.28	201.64	143.36	155.34
Working Capital Days	123.99	103.40	107.85	113.48	96.13	81.64	40.45	46.96	56.23	73.64	53.10	44.10
ROCE %	7.18%	8.06%	6.01%	4.64%	3.26%	-0.19%	2.80%	-2.90%	9.28%	11.07%	6.33%	5.91%

Shareholding Pattern

Numbers in percentages

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	49.79%	49.79%	49.79%	49.79%	49.79%	49.79%	49.79%	49.79%	49.79%	49.79%	49.79%	49.79%
	0.06%	0.06%	0.06%	0.06%	0.06%	0.06%	0.06%	0.06%	0.06%	0.06%	0.06%	0.06%
	50.15%	50.15%	50.13%	50.15%	50.16%	50.14%	50.16%	50.15%	50.15%	50.15%	50.15%	50.16%
No. of Shareholders	7,414	7,470	7,450	7,231	7,234	7,308	7,268	7,390	7,702	9,356	9,469	9,591

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	45.01%	45.01%	45.93%	46.95%	49.79%	49.79%	49.79%	49.79%	49.79%
	0.07%	0.07%	0.07%	0.07%	0.07%	0.06%	0.06%	0.06%	0.06%
	54.92%	54.92%	54.00%	52.98%	50.15%	50.15%	50.15%	50.15%	50.16%
No. of Shareholders	10,902	9,393	8,923	8,561	7,906	7,490	7,231	7,390	9,591

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Shri Dinesh Mills Ltd

Shri Dinesh Mills Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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