Suditi Industries Ltd

Suditi Industries Ltd

₹ 50.5 -2.00%
26 Dec 3:32 p.m.
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

  • Market Cap 133 Cr.
  • Current Price 50.5
  • High / Low 54.7 / 11.6
  • Stock P/E
  • Book Value -8.98
  • Dividend Yield 0.00 %
  • ROCE %
  • ROE %
  • Face Value 10.0

Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -9.73% over past five years.
  • 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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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
30.26 28.40 25.25 30.62 28.76 26.58 16.83 19.43 19.42 16.63 12.23 14.60 20.75
28.71 27.12 46.67 29.40 29.95 31.45 37.23 19.69 22.99 17.72 19.22 16.22 20.72
Operating Profit 1.55 1.28 -21.42 1.22 -1.19 -4.87 -20.40 -0.26 -3.57 -1.09 -6.99 -1.62 0.03
OPM % 5.12% 4.51% -84.83% 3.98% -4.14% -18.32% -121.21% -1.34% -18.38% -6.55% -57.15% -11.10% 0.14%
0.36 0.16 -7.35 0.09 0.08 0.08 13.49 0.07 0.27 0.08 4.35 0.07 1.05
Interest 1.13 0.93 1.29 0.92 1.21 0.81 0.31 0.13 0.47 0.32 1.20 0.18 0.12
Depreciation 0.34 0.35 0.35 0.35 0.35 0.36 0.81 0.70 0.69 0.68 0.68 0.66 0.69
Profit before tax 0.44 0.16 -30.41 0.04 -2.67 -5.96 -8.03 -1.02 -4.46 -2.01 -4.52 -2.39 0.27
Tax % -6.82% 0.00% -0.07% 25.00% -0.75% 0.34% -2.12% 8.82% -3.36% -5.47% -3.10% 14.23% -40.74%
-0.11 0.17 -34.75 0.02 -2.73 -5.89 -8.97 -1.31 -4.29 -2.06 -4.15 -2.73 0.38
EPS in Rs -0.02 0.06 -12.76 0.01 -1.05 -2.21 -2.98 -0.55 -1.52 -0.76 -1.66 -0.97 0.06
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
71.17 89.69 103.71 111.85 94.88 50.13 103.06 101.76 67.04 64.21
64.48 81.36 94.19 101.44 90.45 66.68 125.31 127.98 78.97 73.88
Operating Profit 6.69 8.33 9.52 10.41 4.43 -16.55 -22.25 -26.22 -11.93 -9.67
OPM % 9.40% 9.29% 9.18% 9.31% 4.67% -33.01% -21.59% -25.77% -17.80% -15.06%
0.63 0.36 0.19 0.50 0.63 0.31 -6.77 13.74 4.77 5.55
Interest 3.09 3.17 3.48 3.93 4.44 4.96 4.64 3.38 2.21 1.82
Depreciation 1.76 1.83 1.57 1.89 2.09 1.59 1.37 1.88 2.75 2.71
Profit before tax 2.47 3.69 4.66 5.09 -1.47 -22.79 -35.03 -17.74 -12.12 -8.65
Tax % 47.37% 42.82% 31.76% 35.56% 12.93% 0.18% 0.06% -0.90% -2.48%
1.30 2.12 3.18 3.29 -1.66 -22.83 -35.05 -17.58 -11.82 -8.56
EPS in Rs 0.50 0.81 1.22 1.25 -0.61 -8.36 -12.84 -6.67 -4.48 -3.33
Dividend Payout % 89.76% 0.00% 10.54% 10.32% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: -10%
3 Years: 10%
TTM: -22%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 14%
TTM: 55%
Stock Price CAGR
10 Years: 9%
5 Years: 31%
3 Years: 28%
1 Year: 227%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 16.67 16.76 16.76 16.98 17.55 17.55 17.55 26.37 26.37 26.37
Reserves 9.96 12.38 15.51 19.29 20.68 -2.08 -37.18 -35.92 -47.63 -50.04
23.42 26.31 33.34 42.82 38.21 42.09 41.69 1.48 5.31 9.27
15.29 25.24 28.96 30.38 43.02 44.59 68.00 69.89 62.48 69.53
Total Liabilities 65.34 80.69 94.57 109.47 119.46 102.15 90.06 61.82 46.53 55.13
11.76 10.60 10.49 10.39 8.91 7.76 7.66 13.98 11.24 10.87
CWIP 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 0.02 0.01 0.01 0.01 0.01 0.01 0.02 0.03
53.35 69.64 82.19 98.47 109.05 92.75 80.85 47.83 35.27 44.23
Total Assets 65.34 80.69 94.57 109.47 119.46 102.15 90.06 61.82 46.53 55.13

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-2.18 -0.40 4.12 -5.17 6.84 2.60 5.52 -3.19 1.03
-2.02 -0.63 -7.70 0.13 -1.60 -0.64 -1.24 12.99 0.56
4.23 1.08 3.63 5.15 -5.12 -2.28 -4.13 -10.13 -1.61
Net Cash Flow 0.04 0.05 0.05 0.10 0.12 -0.31 0.15 -0.33 -0.02

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 107.29 121.92 114.63 157.49 168.84 243.92 115.00 92.25 108.84
Inventory Days 299.17 272.81 242.66 192.83 269.14 400.19 132.49 54.82 71.52
Days Payable 140.27 151.45 138.04 123.63 182.31 270.32 177.49 178.35 180.59
Cash Conversion Cycle 266.20 243.29 219.24 226.69 255.67 373.79 70.00 -31.28 -0.23
Working Capital Days 173.29 172.31 163.69 200.17 224.70 297.80 23.30 -57.46 -131.59
ROCE % 13.00% 13.45% 12.47% 3.83% -26.64% -56.69% -385.36%

Shareholding Pattern

Numbers in percentages

3 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 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 7,0807,1617,0657,4147,0487,0777,0947,0816,7776,8216,8697,024

* 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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