Surat Trade & Merchantile Ltd

Surat Trade Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Surat Trade & Merchantile Ltd

₹ 9.05 0.89%
03 Jul - close price
surattextilemillsltd.com BSE: 530185
About

Surat Textile Mills Ltd is a textile manufacturing company and is part of the Garden Group. The Co. manufactures polyester chips and differentiated partially oriented yarn [1] [2] The manufacturing business has been discontinued since FY23. The company commenced a new business of trading of certain commodities viz. Metal, Energy & Agricultural products

Key Points

Product Offerings
The Co. manufactures polyester chips, partially oriented yarn, mono-ethylene glycol, Purified terephthalic acid, among other chips contributing 100% of Revenue [1]The company has discontinued these operations from FY23

Website BSE
  • Market Cap ₹ 201 Cr.
  • Current Price ₹ 9.05
  • High / Low ₹ 13.9 / 7.60
  • Stock P/E 22.2
  • Book Value ₹ 9.24
  • Dividend Yield 0.00 %
  • ROCE 6.71 %
  • ROE 4.52 %
  • Face Value ₹ 1.00
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Pros

  • Company is almost debt free.
  • Stock is trading at 0.98 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 13.3% over last 3 years.
  • Earnings include an other income of Rs.19.5 Cr.
  • Promoter holding has decreased over last 3 years: -6.53%
  • Working capital days have increased from 358 days to 595 days

* 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: Finance Industry: Finance & Investments

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
0.00 0.00 1.35 0.00 0.00 0.00 0.00 12.60 12.57 13.62 16.61 14.43 13.91
1.33 1.16 3.21 1.57 1.10 1.23 1.36 13.64 14.21 16.33 18.37 15.81 15.68
Operating Profit -1.33 -1.16 -1.86 -1.57 -1.10 -1.23 -1.36 -1.04 -1.64 -2.71 -1.76 -1.38 -1.77
OPM % -137.78% -8.25% -13.05% -19.90% -10.60% -9.56% -12.72%
8.08 1.47 2.10 0.88 1.48 61.56 3.33 3.12 0.83 6.69 4.55 5.53 4.69
Interest 0.02 0.02 0.01 0.01 0.02 0.01 0.01 0.01 0.01 0.00 0.00 0.00 0.04
Depreciation 0.07 0.08 0.11 0.09 0.10 0.10 0.10 0.11 0.11 0.11 0.09 0.04 0.09
Profit before tax 6.66 0.21 0.12 -0.79 0.26 60.22 1.86 1.96 -0.93 3.87 2.70 4.11 2.79
Tax % -14.71% 242.86% 3,225.00% 0.00% -215.38% 0.68% -6.45% 16.84% -8.60% 29.46% 31.48% 37.47% 31.54%
7.63 -0.29 -3.75 -0.79 0.82 59.81 1.98 1.63 -1.00 2.75 1.84 2.58 1.91
EPS in Rs 0.34 -0.01 -0.17 -0.04 0.04 2.69 0.09 0.07 -0.05 0.12 0.08 0.12 0.09
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
217.48 181.51 127.22 132.28 138.72 200.51 216.28 180.28 0.00 0.00 25.31 60.56
206.53 178.35 123.97 126.29 125.70 186.97 207.75 172.87 4.67 5.42 30.44 66.17
Operating Profit 10.95 3.16 3.25 5.99 13.02 13.54 8.53 7.41 -4.67 -5.42 -5.13 -5.61
OPM % 5.03% 1.74% 2.55% 4.53% 9.39% 6.75% 3.94% 4.11% -20.27% -9.26%
4.17 1.20 2.29 0.50 3.53 2.90 3.65 4.61 19.40 0.95 68.70 19.46
Interest 0.23 1.35 0.70 0.74 0.38 0.98 1.08 0.77 0.16 0.06 0.03 0.05
Depreciation 1.49 1.31 1.26 1.16 0.79 0.50 0.35 0.46 0.29 0.36 0.41 0.32
Profit before tax 13.40 1.70 3.58 4.59 15.38 14.96 10.75 10.79 14.28 -4.89 63.13 13.48
Tax % 43.51% 32.35% 28.49% -33.33% -8.52% 45.32% -13.02% 27.62% -1.47% 11.45% 1.11% 32.64%
7.57 1.16 2.56 6.13 16.69 8.19 12.15 7.80 14.48 -4.33 62.42 9.07
EPS in Rs 0.34 0.05 0.12 0.28 0.75 0.37 0.55 0.35 0.65 -0.19 2.81 0.41
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -10%
5 Years: -22%
3 Years: %
TTM: 139%
Compounded Profit Growth
10 Years: 23%
5 Years: -5%
3 Years: -14%
TTM: -85%
Stock Price CAGR
10 Years: 15%
5 Years: 37%
3 Years: -5%
1 Year: 9%
Return on Equity
10 Years: 11%
5 Years: 12%
3 Years: 13%
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 22.21 22.21 22.21 22.21 22.21 22.21 22.21 22.21 22.21 22.21 22.21 22.21
Reserves 54.73 55.88 58.38 64.51 81.79 89.86 98.70 102.61 115.81 111.50 173.91 182.97
0.76 6.09 1.61 1.21 0.22 1.72 0.00 0.00 0.67 0.45 0.18 1.81
42.09 35.50 17.26 14.81 15.12 26.50 20.91 9.88 4.63 6.44 2.31 4.61
Total Liabilities 119.79 119.68 99.46 102.74 119.34 140.29 141.82 134.70 143.32 140.60 198.61 211.60
19.79 20.44 10.16 7.69 17.14 16.64 15.52 16.12 11.93 12.34 11.91 13.41
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 12.92 12.94 12.94 32.60 30.79 44.28 65.60 37.67 71.19 89.98 137.79 135.49
87.08 86.30 76.36 62.45 71.41 79.37 60.70 80.91 60.20 38.28 48.91 62.70
Total Assets 119.79 119.68 99.46 102.74 119.34 140.29 141.82 134.70 143.32 140.60 198.61 211.60

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
17.58 -17.74 2.18 20.20 -0.15 26.60 5.17 -1.35 -10.49 -7.61 -6.21 -23.19
-12.15 8.04 0.77 -20.77 1.64 -11.50 -17.45 29.36 -29.74 -11.26 -55.24 23.67
-0.23 4.20 -4.53 0.51 -0.77 0.48 1.52 -13.53 -0.18 1.00 0.38 -0.23
Net Cash Flow 5.20 -5.50 -1.58 -0.06 0.72 15.58 -10.76 14.49 -40.41 -17.86 -61.07 0.25

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 6.44 27.81 32.28 4.44 20.31 1.97 6.75 7.11 0.00 0.00
Inventory Days 108.25 122.67 151.74 207.13 55.09 39.85 32.78 19.51 0.00 84.95
Days Payable 41.86 33.52 4.13 5.06 11.69 38.02 39.70 17.15 2.06
Cash Conversion Cycle 72.83 116.96 179.88 206.51 63.72 3.79 -0.16 9.47 0.00 82.89
Working Capital Days 37.53 69.05 129.97 120.28 48.65 7.17 7.37 21.62 120.71 594.51
ROCE % 13.15% 3.77% 4.10% 5.92% 14.43% 14.16% 9.55% 9.15% 10.96% 0.19% 2.02%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.98% 74.98% 74.98% 68.45% 68.45% 68.45% 68.45% 68.45% 68.45% 68.45% 68.45% 68.45%
25.02% 25.02% 25.02% 31.55% 31.55% 31.55% 31.54% 31.56% 31.54% 31.54% 31.55% 31.55%
No. of Shareholders 57,14369,2161,20,2671,46,6791,44,3551,39,3751,35,5981,31,3321,28,5501,25,5731,25,5191,27,543

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