Suryalata Spinning Mills Ltd

Suryalata Spg. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Suryalata Spinning Mills Ltd

₹ 413 1.59%
28 Aug 4:01 p.m.
suryalata.com BSE: 514138
About

Incorporated in 1983, Suryalata Spinning
Mills Ltd manufactures Synthetic Yarns
suitable for suiting, shirting and knitting[1]

Key Points

Business Overview:[1][2]
SSML is an ISO 9001:2015 certified
organization which is in the business
of developing, manufacturing, marketing
of yarn products viz. Synthetic Ring Spun Yarns for Knitting, Weaving, and technical applications. It also produces Specialized Yarns like Slub Yarns, Fancy Yarns, and Micro Yarns as per market requirement

Website BSE
  • Market Cap ₹ 176 Cr.
  • Current Price ₹ 413
  • High / Low ₹ 593 / 323
  • Stock P/E 17.5
  • Book Value ₹ 558
  • Dividend Yield 0.48 %
  • ROCE 7.89 %
  • ROE 5.42 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 0.74 times its book value

Cons

  • Promoters have pledged 36.0% of their holding.
  • Dividend payout has been low at 4.66% of profits over last 3 years

* 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 - Spinning - Synthetic / Blended

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
94.68 121.78 127.80 136.08 133.50 115.85 123.59 106.31 101.54 108.87 113.57 117.02 114.38
83.47 107.20 108.09 102.47 115.95 100.32 110.78 95.40 94.36 99.62 106.36 107.10 109.10
Operating Profit 11.21 14.58 19.71 33.61 17.55 15.53 12.81 10.91 7.18 9.25 7.21 9.92 5.28
OPM % 11.84% 11.97% 15.42% 24.70% 13.15% 13.41% 10.36% 10.26% 7.07% 8.50% 6.35% 8.48% 4.62%
0.24 0.24 0.28 0.93 0.24 1.18 0.75 1.67 1.04 0.06 1.16 1.32 1.15
Interest 2.64 1.92 1.91 2.32 1.71 1.27 1.30 1.01 1.39 1.59 2.12 1.78 2.13
Depreciation 2.75 2.80 2.98 2.90 2.96 3.17 3.06 2.88 2.91 3.08 3.54 3.60 3.77
Profit before tax 6.06 10.10 15.10 29.32 13.12 12.27 9.20 8.69 3.92 4.64 2.71 5.86 0.53
Tax % 29.21% 29.11% 29.14% 12.69% 25.15% 25.18% 25.22% 40.85% 25.00% 25.22% 25.09% 40.44% 24.53%
4.29 7.16 10.70 25.60 9.82 9.18 6.88 5.14 2.94 3.47 2.03 3.49 0.40
EPS in Rs 10.05 16.78 25.08 60.00 23.01 21.51 16.12 12.05 6.89 8.13 4.76 8.18 0.94
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
266 346 360 347 341 330 390 370 277 480 479 441 454
255 332 338 319 316 305 349 329 228 401 422 407 422
Operating Profit 11 14 22 29 25 25 41 41 48 79 57 34 32
OPM % 4% 4% 6% 8% 7% 7% 10% 11% 17% 16% 12% 8% 7%
17 21 16 3 5 2 1 1 1 2 4 4 4
Interest 9 12 11 9 8 7 10 11 11 9 5 7 8
Depreciation 7 9 9 8 8 8 8 11 11 11 12 13 14
Profit before tax 12 13 19 15 14 12 23 20 26 61 43 17 14
Tax % 32% 34% 34% 34% 36% 36% 39% 29% 29% 21% 28% 30%
8 9 13 10 9 8 14 14 19 48 31 12 9
EPS in Rs 22.06 24.13 29.65 22.52 20.69 18.49 33.35 33.07 43.99 111.91 72.72 27.96 22.01
Dividend Payout % 7% 6% 6% 1% 7% 8% 5% 3% 5% 3% 4% 7%
Compounded Sales Growth
10 Years: 2%
5 Years: 3%
3 Years: 17%
TTM: 1%
Compounded Profit Growth
10 Years: 4%
5 Years: -2%
3 Years: -13%
TTM: -58%
Stock Price CAGR
10 Years: 16%
5 Years: 28%
3 Years: 15%
1 Year: -28%
Return on Equity
10 Years: 13%
5 Years: 14%
3 Years: 15%
Last Year: 5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 4 4 4 4 4 4 4 4 4 4 4 4
Reserves 46 53 72 81 89 97 111 125 144 191 222 234
136 116 115 92 86 70 127 101 83 77 69 99
39 55 39 38 38 39 45 41 46 49 44 48
Total Liabilities 224 227 230 215 217 210 287 271 277 321 340 385
141 134 139 134 132 128 203 196 188 200 194 243
CWIP 0 0 2 5 6 13 0 0 1 1 10 26
Investments 0 0 0 0 0 0 0 0 0 0 1 1
84 93 89 76 79 69 83 75 88 120 134 115
Total Assets 224 227 230 215 217 210 287 271 277 321 340 385

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
9 36 20 40 22 26 21 40 34 51 75 29
-44 -3 -16 -8 -8 -6 -70 -3 -6 -34 -59 -57
35 -33 -5 -32 -13 -20 48 -37 -28 -15 -14 23
Net Cash Flow 0 0 -0 -0 0 -0 -0 0 -0 3 2 -5

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 54 37 37 29 33 29 32 24 22 22 16 17
Inventory Days 32 31 31 29 33 30 35 41 114 48 29 31
Days Payable 6 11 5 6 5 7 4 5 6 3 2 3
Cash Conversion Cycle 80 58 63 52 61 53 62 61 131 67 43 45
Working Capital Days 52 31 41 33 37 35 41 37 75 43 28 36
ROCE % 13% 14% 16% 13% 12% 11% 16% 13% 16% 28% 17% 8%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
70.36% 70.36% 70.36% 70.36% 70.36% 70.36% 70.36% 70.36% 70.36% 70.36% 70.36% 70.36%
0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.00%
29.62% 29.62% 29.62% 29.62% 29.62% 29.61% 29.62% 29.62% 29.61% 29.61% 29.62% 29.64%
No. of Shareholders 3,2333,0593,1063,2253,3113,3305,0137,3197,3777,0156,6866,382

* 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

  • Feb 2017
    Transcript
    Notes
    PPT
  • Nov 2016
    Transcript
    Notes
    PPT
  • Sep 2016
    Transcript
    Notes
    PPT