Singer India Ltd

₹ 88.5 -0.05%

03 Jul 2:39 p.m.

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 ₹ 542 Cr.
Current Price ₹ 88.5
High / Low ₹ 134 / 71.9
Stock P/E 67.6
Book Value ₹ 12.0
Dividend Yield 0.00 %
ROCE 18.2 %
ROE 13.0 %
Face Value ₹ 2.00

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Pros

Cons

Stock is trading at 7.45 times its book value
Promoter holding is low: 31.0%
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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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2006	Sep 2006	Jun 2007	Sep 2007	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020
	10.20	13.03	11.74	12.05	110.50	105.34	134.96	132.19	123.75	101.65	124.19	101.59
	10.16	12.69	11.23	11.49	107.27	103.32	129.54	127.77	120.41	99.34	116.59	100.18
Operating Profit	0.04	0.34	0.51	0.56	3.23	2.02	5.42	4.42	3.34	2.31	7.60	1.41
OPM %	0.39%	2.61%	4.34%	4.65%	2.92%	1.92%	4.02%	3.34%	2.70%	2.27%	6.12%	1.39%
	0.09	0.05	0.06	0.10	0.31	0.94	0.30	0.36	0.44	1.74	0.29	1.18
Interest	1.05	1.06	1.06	1.02	0.24	0.19	0.27	0.48	0.57	0.59	0.55	0.47
Depreciation	0.17	0.18	0.14	0.14	0.29	0.27	0.28	0.28	0.98	1.01	0.96	0.83
Profit before tax	-1.09	-0.85	-0.63	-0.50	3.01	2.50	5.17	4.02	2.23	2.45	6.38	1.29
Tax %	-0.92%	-1.18%	0.00%	-2.00%	35.88%	36.40%	35.78%	36.82%	35.87%	36.33%	36.36%	27.91%
	-1.10	-0.86	-0.63	-0.51	1.93	1.59	3.32	2.54	1.43	1.56	4.06	0.93
EPS in Rs					0.36	0.30	0.62	0.47	0.27	0.29	0.76	0.17
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2006	Mar 2007	Mar 2008	Mar 2009	Mar 2018	Mar 2019	Mar 2020
	45	46	48	70	422	483	451
	65	45	89	93	408	467	436
Operating Profit	-19	1	-41	-23	14	16	15
OPM %	-43%	1%	-86%	-33%	3%	3%	3%
	-0	1	71	45	1	2	4
Interest	6	4	1	0	1	2	3
Depreciation	1	1	1	1	1	1	4
Profit before tax	-27	-3	28	21	13	15	12
Tax %	-0%	-1%	2%	1%	29%	36%	35%
	-27	-3	27	21	9	9	8
EPS in Rs					1.68	1.75	1.49
Dividend Payout %	0%	0%	0%	0%	45%	46%	0%

Compounded Sales Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	-7%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	-15%

Stock Price CAGR
10 Years:	16%
5 Years:	20%
3 Years:	7%
1 Year:	21%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2006	Mar 2007	Mar 2008	Mar 2009	Mar 2018	Mar 2019	Mar 2020
Equity Capital	16	16	16	5	11	11	11
Reserves	-72	-75	-48	-13	47	48	54
	41	44	15	12	14	22	20
	28	27	28	14	78	88	84
Total Liabilities	13	12	10	18	149	169	168
	5	5	4	4	12	12	12
CWIP	0	0	0	0	0	0	0
Investments	0	0	0	0	0	0	2
	8	7	6	14	137	157	154
Total Assets	13	12	10	18	149	169	168

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2006	Mar 2007	Mar 2008	Mar 2009	Mar 2018	Mar 2019	Mar 2020
	3	1	3	-3	-5	-1	17
	1	0	-0	-2	-1	-0	-1
	-8	-1	-2	6	-5	-9	-7
Net Cash Flow	-3	-1	1	1	-11	-10	9

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2006	Mar 2007	Mar 2008	Mar 2009	Mar 2018	Mar 2019	Mar 2020
Debtor Days	15	9	1	21	42	50	46
Inventory Days	14	18	17	36	74	73	80
Days Payable	186	186	211	70	69	70	74
Cash Conversion Cycle	-157	-160	-192	-13	47	53	53
Working Capital Days	-178	-173	-179	-18	40	46	49
ROCE %						21%	18%

Shareholding Pattern

Numbers in percentages

1 Recently

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 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	15,614	17,299	16,494	16,911	17,345	29,696	26,395	25,739	23,785	23,990	25,745	26,068

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	72.40%	60.81%	59.07%	58.99%	58.99%	57.65%	31.00%	31.00%
	0.22%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.93%	4.30%	3.17%
	1.10%	0.88%	0.88%	0.88%	0.88%	0.88%	0.77%	0.77%
	26.28%	38.32%	40.05%	40.13%	40.14%	40.54%	63.93%	65.08%
No. of Shareholders	11,118	14,736	15,612	15,504	13,732	16,911	25,739	26,068

* 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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Singer India Ltd

Singer India Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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