Suditi Industries Ltd

₹ 50.5 -2.00%

26 Dec - close price

About

Incorporated in 1991, Suditi Industries Ltd is in the business of processing and manufacturing of knitted hosiery fabrics and readymade garments, and is also in the business of retail sector^[1]

Key Points

Product Portfolio:^[1]
a) Knitting: The knitting department has an annual production capacity of ~2000 tons and it manufactures Single Jersey, Pique, Rib, Terry, Interlocks, Pointelle, Fleece and Jacquards.
b) Dyeing: The dyeing department has a daily dyeing capacity is ~12 tons of fabric and it primarily works with cotton, viscose and polyester blends
c) Printing: It provides customers with a variety of print techniques including Reactive, Discharge,
Disperse and Pigment prints
d) Finishing: This provides clients with products tailored to their exact specifications viz. finishing winter knits, softening fabrics or undertaking stain repellent and odour eliminating treatments.
e) Garmenting: This has a capacity of daily production of ~6000 pieces which includes knitted garments for men, women and kids

Website BSE

Market Cap ₹ 133 Cr.
Current Price ₹ 50.5
High / Low ₹ 54.7 / 11.6
Stock P/E
Book Value ₹ -0.15
Dividend Yield 0.00 %
ROCE -106 %
ROE -149 %
Face Value ₹ 10.0

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Pros

Cons

Company has low interest coverage ratio.
The company has delivered a poor sales growth of -11.8% over past five years.
Company has a low return on equity of -225% over last 3 years.
Company has high debtors of 179 days.
Company's cost of borrowing seems high

* 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

Standalone Figures in Rs. Crores / View Consolidated

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	29.22	28.32	22.32	26.96	26.16	25.03	14.28	16.97	17.31	14.90	10.48	12.61	17.70
	27.33	27.03	44.28	25.76	27.67	29.67	28.75	17.67	20.10	15.84	17.25	13.87	17.97
Operating Profit	1.89	1.29	-21.96	1.20	-1.51	-4.64	-14.47	-0.70	-2.79	-0.94	-6.77	-1.26	-0.27
OPM %	6.47%	4.56%	-98.39%	4.45%	-5.77%	-18.54%	-101.33%	-4.12%	-16.12%	-6.31%	-64.60%	-9.99%	-1.53%
	0.22	0.13	-5.99	0.09	0.08	0.07	13.50	0.07	0.10	0.07	3.31	0.06	0.73
Interest	1.11	0.93	1.25	0.88	0.93	0.81	0.53	0.12	0.36	0.32	0.98	0.12	0.05
Depreciation	0.33	0.34	0.35	0.35	0.35	0.36	0.80	0.69	0.69	0.68	0.67	0.66	0.69
Profit before tax	0.67	0.15	-29.55	0.06	-2.71	-5.74	-2.30	-1.44	-3.74	-1.87	-5.11	-1.98	-0.28
Tax %	-4.48%	0.00%	-0.03%	16.67%	-1.48%	0.35%	-6.96%	3.47%	-3.74%	-5.35%	-2.15%	17.17%	-39.29%
	0.70	0.15	-29.53	0.04	-2.67	-5.76	-2.14	-1.49	-3.60	-1.77	-5.00	-2.32	-0.16
EPS in Rs	0.26	0.05	-10.82	0.01	-1.01	-2.18	-0.81	-0.57	-1.37	-0.67	-1.90	-0.88	-0.06
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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
	48.44	55.11	58.55	66.68	81.52	97.70	111.43	95.74	50.56	98.21	91.44	59.65	55.69
	45.65	51.00	53.34	59.83	73.35	88.46	100.77	90.03	59.50	115.71	110.76	70.85	64.93
Operating Profit	2.79	4.11	5.21	6.85	8.17	9.24	10.66	5.71	-8.94	-17.50	-19.32	-11.20	-9.24
OPM %	5.76%	7.46%	8.90%	10.27%	10.02%	9.46%	9.57%	5.96%	-17.68%	-17.82%	-21.13%	-18.78%	-16.59%
	0.21	0.24	0.50	0.57	0.29	0.17	0.19	0.54	0.09	-5.59	13.74	3.56	4.17
Interest	1.29	2.19	2.56	3.04	2.98	3.04	3.31	3.98	4.73	4.52	3.26	1.85	1.47
Depreciation	0.99	1.20	1.94	1.74	1.79	1.51	1.82	2.07	1.57	1.35	1.86	2.73	2.70
Profit before tax	0.72	0.96	1.21	2.64	3.69	4.86	5.72	0.20	-15.15	-28.96	-10.70	-12.16	-9.24
Tax %	19.44%	19.79%	19.01%	44.32%	42.82%	30.45%	31.64%	95.00%	0.26%	0.14%	-1.59%	-2.55%
	0.58	0.77	0.98	1.47	2.11	3.38	3.91	0.02	-15.18	-29.00	-10.53	-11.85	-9.25
EPS in Rs	0.22	0.30	0.38	0.57	0.81	1.30	1.48	0.01	-5.56	-10.62	-3.99	-4.49	-3.51
Dividend Payout %	143.71%	108.25%	85.05%	79.38%	39.72%	9.92%	8.69%	0.00%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	1%
5 Years:	-12%
3 Years:	6%
TTM:	-24%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	7%
TTM:	29%

Stock Price CAGR
10 Years:	8%
5 Years:	31%
3 Years:	29%
1 Year:	224%

Return on Equity
10 Years:	-25%
5 Years:	-73%
3 Years:	-225%
Last Year:	-149%

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	Sep 2024
Equity Capital	16.67	16.67	16.67	16.67	16.76	16.76	16.98	17.55	17.55	17.55	26.37	26.37	26.37
Reserves	7.80	8.32	9.01	10.12	12.64	16.29	20.62	24.37	9.19	-19.77	-12.56	-24.29	-26.77
	11.64	16.37	17.76	22.42	24.55	27.18	37.67	35.00	41.00	41.45	1.24	2.48	5.09
	11.52	10.79	11.75	12.59	16.91	18.79	26.92	36.04	34.23	49.00	49.03	47.54	54.82
Total Liabilities	47.63	52.15	55.19	61.80	70.86	79.02	102.19	112.96	101.97	88.23	64.08	52.10	59.51
	9.22	9.33	11.90	11.68	10.47	10.29	10.26	8.80	7.68	7.56	13.90	11.18	10.82
CWIP	3.47	4.01	0.21	0.21	0.43	1.87	0.60	1.49	1.63	1.54	0.00	0.00	0.00
Investments	0.02	0.02	0.07	0.92	0.92	0.97	0.96	0.96	0.96	2.12	2.13	2.14	2.15
	34.92	38.79	43.01	48.99	59.04	65.89	90.37	101.71	91.70	77.01	48.05	38.78	46.54
Total Assets	47.63	52.15	55.19	61.80	70.86	79.02	102.19	112.96	101.97	88.23	64.08	52.10	59.51

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
	-1.08	3.11	1.69	-1.11	-0.93	7.77	-7.45	4.30	0.27	6.32	-3.10	3.68
	-7.53	-2.33	-0.51	-2.45	-0.70	-7.52	0.07	-1.63	-0.63	-2.37	12.99	-0.89
	8.72	-0.75	-1.14	3.53	1.70	-0.18	7.44	-2.51	0.00	-3.96	-10.02	-2.80
Net Cash Flow	0.11	0.03	0.04	-0.03	0.08	0.07	0.06	0.16	-0.36	-0.01	-0.13	-0.01

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	66.53	64.51	68.26	101.49	101.55	87.27	142.98	155.93	261.91	137.59	131.69	179.35
Inventory Days	355.55	305.90	338.54	295.94	269.51	207.47	164.37	248.40	386.93	99.07	34.06	25.84
Days Payable	186.47	140.95	137.71	126.83	125.10	96.80	117.89	171.29	263.44	154.24	160.25	175.51
Cash Conversion Cycle	235.61	229.46	269.09	270.60	245.96	197.95	189.46	233.03	385.40	82.42	5.50	29.68
Working Capital Days	135.03	146.11	157.53	174.40	169.61	143.35	181.34	217.92	357.20	75.26	17.80	-41.12
ROCE %	6.73%	8.13%	9.06%	12.26%	12.93%	13.84%	13.33%	5.51%	-14.41%	-33.97%	-76.31%	-105.76%

Shareholding Pattern

Numbers in percentages

3 Recently

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	67.06%	67.06%	67.06%	71.68%	71.68%	71.68%	71.68%	71.68%	71.68%	71.68%	71.68%	71.68%
	0.01%	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	32.93%	32.93%	32.93%	28.32%	28.30%	28.30%	28.30%	28.31%	28.31%	28.31%	28.31%	28.31%
No. of Shareholders	7,080	7,161	7,065	7,414	7,048	7,077	7,094	7,081	6,777	6,821	6,869	7,024

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	73.26%	70.65%	68.69%	66.45%	66.45%	67.06%	71.68%	71.68%	71.68%
	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.00%	0.00%	0.00%
	26.73%	29.34%	31.30%	33.54%	33.54%	32.93%	28.30%	28.31%	28.31%
No. of Shareholders	10,647	11,353	11,056	8,047	7,380	7,161	7,077	6,821	7,024

* 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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Sep 2019

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