Singer India Ltd

Singer India Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Singer India Ltd

₹ 88.5 -0.09%
03 Jul 1:09 p.m.
singerindia.net BSE: 505729
About

Incorporated in 1977, Singer India Ltd is in the business of trading /manufacturing of sewing machines, related accessories and also in trading of domestic appliances[1]

Key Points

Business Overview:[1][2]
The Singer Company Ltd S.a.r.l. and Singer Sourcing LLC, are both affiliates of ~SVP Worldwide.

It is an ISO 9001:2015 certified company having 2 major business segments – Sewing Products and Home appliances. Company assembles and trades sewing machines and home appliances in India under the Singer and the Merritt brands.

Website BSE
  • Market Cap ₹ 541 Cr.
  • Current Price ₹ 88.5
  • High / Low ₹ 134 / 71.9
  • Stock P/E 133
  • Book Value ₹ 23.6
  • Dividend Yield 0.00 %
  • ROCE 4.26 %
  • ROE 2.89 %
  • Face Value ₹ 2.00
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Pros

  • Company is almost debt free.

Cons

  • Stock is trading at 3.77 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -2.51% over past five years.
  • Promoter holding is low: 31.0%
  • Company has a low return on equity of 4.47% over last 3 years.
  • Earnings include an other income of Rs.7.66 Cr.
  • Promoter holding has decreased over last 3 years: -28.0%

* 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: Engineering Industry: Engineering

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
130.07 73.28 127.71 127.21 124.78 109.53 114.79 121.35 114.63 104.60 104.86 102.47 113.48
123.61 73.87 124.26 123.49 121.46 108.51 112.84 121.79 115.29 105.61 104.99 102.04 111.33
Operating Profit 6.46 -0.59 3.45 3.72 3.32 1.02 1.95 -0.44 -0.66 -1.01 -0.13 0.43 2.15
OPM % 4.97% -0.81% 2.70% 2.92% 2.66% 0.93% 1.70% -0.36% -0.58% -0.97% -0.12% 0.42% 1.89%
0.92 1.84 0.48 0.46 0.04 0.85 7.71 1.62 1.51 1.86 2.55 1.36 1.89
Interest 0.36 0.18 0.17 0.27 0.14 0.09 0.19 0.20 0.11 0.07 0.10 0.09 0.08
Depreciation 0.84 0.69 0.55 0.53 0.51 0.50 0.52 0.51 0.48 0.57 0.69 0.69 0.68
Profit before tax 6.18 0.38 3.21 3.38 2.71 1.28 8.95 0.47 0.26 0.21 1.63 1.01 3.28
Tax % 20.39% 26.32% 25.55% 22.19% 12.18% 25.00% 26.26% -8.51% 3.85% 23.81% 25.77% 20.79% 28.96%
4.92 0.28 2.39 2.63 2.38 0.96 6.60 0.51 0.25 0.16 1.21 0.80 2.33
EPS in Rs 0.92 0.05 0.44 0.49 0.44 0.18 1.23 0.09 0.04 0.03 0.20 0.13 0.38
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Jun 2013 Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
194 240 281 236 369 422 483 451 415 453 460 425
187 231 272 228 358 408 467 436 396 443 458 424
Operating Profit 6 9 9 8 11 14 16 15 19 10 2 2
OPM % 3% 4% 3% 3% 3% 3% 3% 3% 4% 2% 0% 0%
4 2 2 2 2 1 2 4 3 3 12 8
Interest 0 0 0 0 0 1 2 3 2 1 1 1
Depreciation 1 1 1 1 1 1 1 4 3 2 2 3
Profit before tax 9 9 10 9 11 13 15 12 16 10 11 6
Tax % -64% 24% 33% 33% 32% 29% 37% 35% 34% 21% 24% 27%
15 7 6 6 8 9 9 8 11 8 8 4
EPS in Rs 2.85 1.30 1.19 1.11 1.42 1.67 1.72 1.51 1.98 1.43 1.36 0.74
Dividend Payout % 11% 23% 42% 45% 49% 45% 46% 0% 51% 70% 0% 0%
Compounded Sales Growth
10 Years: 8%
5 Years: -3%
3 Years: 1%
TTM: -8%
Compounded Profit Growth
10 Years: -12%
5 Years: -15%
3 Years: -27%
TTM: 40%
Stock Price CAGR
10 Years: 16%
5 Years: 20%
3 Years: 7%
1 Year: 21%
Return on Equity
10 Years: 10%
5 Years: 7%
3 Years: 4%
Last Year: 3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Jun 2013 Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 11 11 11 11 11 11 11 11 11 11 12 12
Reserves 27 31 35 37 42 46 48 54 61 66 124 132
0 0 0 0 3 14 22 20 2 3 2 2
33 41 50 56 62 76 88 84 97 94 85 103
Total Liabilities 71 83 95 104 118 147 169 168 171 174 223 249
12 12 12 12 12 12 12 12 11 8 9 8
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 2 2 2 2 2 2
59 72 84 91 106 135 155 154 158 164 212 239
Total Assets 71 83 95 104 118 147 169 168 171 174 223 249

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Jun 2013 Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-1 4 4 4 -7 -5 0 17 29 14 -1 1
1 -1 -4 -1 5 -1 -2 -2 -4 7 -47 19
-0 -2 -2 -3 -3 -5 -9 -6 -6 -4 49 -2
Net Cash Flow 0 2 -3 -0 -5 -11 -10 9 18 16 2 19

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Jun 2013 Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 25 29 33 36 34 42 50 46 42 40 31 30
Inventory Days 48 46 48 78 70 74 73 80 94 77 82 118
Days Payable 26 48 51 73 58 69 70 74 87 67 62 86
Cash Conversion Cycle 47 27 30 41 45 47 53 53 49 50 52 62
Working Capital Days 8 12 14 22 31 42 46 49 39 35 36 44
ROCE % 37% 24% 23% 20% 23% 22% 21% 18% 23% 14% 4% 4%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
58.99% 58.99% 57.65% 57.65% 57.65% 35.31% 35.31% 31.00% 31.00% 31.00% 31.00% 31.00%
0.00% 0.00% 0.93% 0.93% 0.93% 0.00% 0.00% 4.30% 4.30% 4.30% 3.56% 3.17%
0.88% 0.88% 0.88% 0.88% 0.88% 0.88% 0.88% 0.77% 0.77% 0.77% 0.77% 0.77%
40.14% 40.14% 40.54% 40.54% 40.54% 63.82% 63.81% 63.93% 63.93% 63.93% 64.68% 65.08%
No. of Shareholders 15,61417,29916,49416,91117,34529,69626,39525,73923,78523,99025,74526,068

* 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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Documents

Announcements

Annual reports

Credit ratings

Concalls

  • May 2024
    Transcript
    Notes
    PPT
  • May 2024
    Transcript
    Notes
    PPT