Super Tannery Ltd

Super Tannery Ltd

₹ 9.80 -0.61%
03 Jul 4:01 p.m.
About

Incorporated in 1953, Super Tannery Ltd manufactures and exports Leather and leather goods[1]

Key Points

Business Overview:[1]
Company is a buffalo leather tannery which manufactures leather for Automotive & Furniture Upholstery, Safety & Lifestyle Footwear, Bags, Belts, Accessories, Sporting Goods and Equestrian equipment

Product Profile:[2]
Finished Leather, Men’s Footwear, Ladies Footwear, Children Footwear, Safety Footwear, Leather Accessories, Readymade Garments, Leather Garments, Riding Products, Safety Wear

  • Market Cap 106 Cr.
  • Current Price 9.80
  • High / Low 12.8 / 6.80
  • Stock P/E 18.5
  • Book Value 9.00
  • Dividend Yield 0.51 %
  • ROCE 7.76 %
  • ROE 6.06 %
  • Face Value 1.00

Pros

  • Stock is trading at 1.09 times its book value

Cons

  • The company has delivered a poor sales growth of 2.97% over past five years.
  • Company has a low return on equity of 6.32% over last 3 years.
  • Company might be capitalizing the interest cost
  • Promoters have pledged 51.1% of their holding.

* 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: Leather Industry: Leather / Leather Products

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
66.15 55.71 58.23 43.33 63.69 54.28 63.20 51.02 58.11 47.77 61.25 56.57 63.21
59.55 51.86 54.98 39.49 59.77 50.39 59.21 47.08 53.35 43.86 56.84 52.96 57.48
Operating Profit 6.60 3.85 3.25 3.84 3.92 3.89 3.99 3.94 4.76 3.91 4.41 3.61 5.73
OPM % 9.98% 6.91% 5.58% 8.86% 6.15% 7.17% 6.31% 7.72% 8.19% 8.19% 7.20% 6.38% 9.07%
0.56 0.26 0.39 0.10 1.81 0.28 0.55 0.20 1.41 0.33 0.34 0.32 1.23
Interest 2.01 0.95 0.66 1.32 1.04 1.05 0.82 1.14 1.46 0.95 0.91 1.01 1.80
Depreciation 1.48 1.50 1.35 1.71 1.70 1.68 1.57 1.54 1.89 1.72 1.75 1.59 1.74
Profit before tax 3.67 1.66 1.63 0.91 2.99 1.44 2.15 1.46 2.82 1.57 2.09 1.33 3.42
Tax % 17.71% 25.90% 28.83% 27.47% 48.83% 29.17% -0.93% 26.03% 26.60% 26.75% 22.97% 30.08% 40.06%
3.02 1.22 1.16 0.66 1.53 1.02 2.17 1.08 2.07 1.14 1.60 0.93 2.05
EPS in Rs 0.28 0.11 0.11 0.06 0.14 0.09 0.20 0.10 0.19 0.11 0.15 0.09 0.20
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
260 351 316 240 201 246 198 186 191 221 227 229
239 324 289 218 187 230 180 172 175 206 209 211
Operating Profit 21 27 27 22 15 16 17 14 16 15 17 18
OPM % 8% 8% 8% 9% 7% 6% 9% 8% 9% 7% 8% 8%
1 0 1 2 4 1 1 1 1 3 2 2
Interest 9 10 11 10 7 6 6 7 5 4 4 5
Depreciation 4 4 7 7 6 6 6 6 6 6 7 7
Profit before tax 9 13 9 7 6 5 6 3 6 7 8 8
Tax % 42% 26% 39% 53% 37% 40% 34% -31% 22% 36% 19% 32%
5 10 6 3 3 3 4 4 5 5 6 6
EPS in Rs 0.46 0.89 0.51 0.29 0.32 0.30 0.37 0.32 0.44 0.42 0.58 0.54
Dividend Payout % 11% 6% 10% 0% 0% 0% 0% 0% 11% 12% 9% 9%
Compounded Sales Growth
10 Years: -4%
5 Years: 3%
3 Years: 6%
TTM: 1%
Compounded Profit Growth
10 Years: -5%
5 Years: 7%
3 Years: 6%
TTM: -13%
Stock Price CAGR
10 Years: 14%
5 Years: 35%
3 Years: 12%
1 Year: 33%
Return on Equity
10 Years: 6%
5 Years: 6%
3 Years: 6%
Last Year: 6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 11 11 11 11 11 11 11 11 11 11 11 11
Reserves 48 59 62 66 56 60 64 66 71 75 81 86
82 97 99 108 75 79 71 72 83 77 68 78
70 76 65 66 66 69 63 65 75 69 65 71
Total Liabilities 211 243 237 250 208 219 209 214 240 232 225 247
63 69 69 72 57 54 59 65 73 74 73 78
CWIP 2 2 2 1 2 3 5 2 2 8 11 13
Investments 0 1 1 1 1 1 0 0 0 0 0 0
145 171 165 176 149 161 145 147 165 149 140 155
Total Assets 211 243 237 250 208 219 209 214 240 232 225 247

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
5 -3 8 5 42 2 28 16 6 20 21 7
-7 -11 -9 -9 -4 -2 -11 -10 -14 -11 -6 -14
3 15 -0 7 -39 -2 -15 -6 7 -9 -13 6
Net Cash Flow 1 1 -1 4 -1 -3 2 1 -1 0 1 -1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 68 60 55 74 74 89 70 71 103 82 76 94
Inventory Days 136 118 144 216 320 192 314 427 349 242 242 139
Days Payable 80 63 64 85 140 106 142 184 204 132 139 90
Cash Conversion Cycle 123 115 134 205 255 175 243 314 247 192 179 144
Working Capital Days 102 97 112 162 149 145 159 156 165 134 122 137
ROCE % 13% 15% 12% 9% 8% 7% 8% 6% 7% 7% 8%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
58.78% 58.78% 58.78% 58.78% 58.78% 58.78% 58.78% 58.74% 58.69% 58.44% 58.44% 58.42%
0.00% 0.00% 0.00% 0.00% 0.00% 0.02% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
41.22% 41.22% 41.22% 41.22% 41.22% 41.20% 41.22% 41.25% 41.30% 41.55% 41.55% 41.58%
No. of Shareholders 7,9628,28910,67013,08813,57113,39913,18213,16313,05513,46314,24115,579

* 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.

Click on the line-items to see the names of individual entities.

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