SBC Exports Ltd
SBC Exports Ltd was incorporated in 2011. It is engaged in the Trading and Manufacturing of Garments, Manpower Supply Services & Tour Operator Services. Currently, co. has 70 distributors in India, receives an average of 75 new projects every year. Mr Govindji Gupta is the MD of the co. [1] [2] [3]
- Market Cap ₹ 889 Cr.
- Current Price ₹ 28.0
- High / Low ₹ 33.9 / 12.6
- Stock P/E 94.7
- Book Value ₹ 1.39
- Dividend Yield 0.12 %
- ROCE 28.7 %
- ROE 23.8 %
- Face Value ₹ 1.00
Pros
- Company has delivered good profit growth of 47.8% CAGR over last 5 years
- Company's median sales growth is 28.1% of last 10 years
Cons
- Stock is trading at 20.2 times its book value
- Promoter holding has decreased over last quarter: -1.19%
- Company has high debtors of 175 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2 | 10 | 16 | 21 | 29 | 64 | 80 | 109 | 192 | 205 | 214 | 191 | |
2 | 10 | 16 | 21 | 28 | 62 | 77 | 105 | 188 | 197 | 204 | 175 | |
Operating Profit | 0 | 0 | 0 | 0 | 1 | 2 | 3 | 4 | 4 | 8 | 11 | 16 |
OPM % | 1% | 1% | 0% | 1% | 2% | 2% | 3% | 4% | 2% | 4% | 5% | 9% |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 4 | |
Interest | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 2 | 2 | 2 | 6 |
Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 |
Profit before tax | 0 | 0 | 0 | 0 | 1 | 1 | 2 | 2 | 3 | 6 | 9 | 13 |
Tax % | 0% | 33% | 33% | 30% | 35% | 33% | 27% | 34% | 28% | 39% | 26% | 27% |
0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 2 | 3 | 7 | 9 | |
EPS in Rs | 0.05 | 0.05 | 0.10 | 0.18 | 0.82 | 2.12 | 0.06 | 0.04 | 0.06 | 0.11 | 0.21 | 0.30 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 16% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 35% |
5 Years: | 19% |
3 Years: | 0% |
TTM: | -11% |
Compounded Profit Growth | |
---|---|
10 Years: | 85% |
5 Years: | 48% |
3 Years: | 72% |
TTM: | 38% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 103% |
3 Years: | 171% |
1 Year: | 117% |
Return on Equity | |
---|---|
10 Years: | 18% |
5 Years: | 17% |
3 Years: | 21% |
Last Year: | 24% |
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 | 0 | 0 | 0 | 0 | 0 | 0 | 8 | 11 | 11 | 21 | 21 | 32 |
Reserves | 0 | 0 | 0 | 0 | 0 | 1 | 5 | 10 | 12 | 5 | 14 | 12 |
0 | 0 | 0 | 0 | 1 | 3 | 13 | 7 | 9 | 9 | 27 | 25 | |
1 | 1 | 6 | 4 | 8 | 15 | 14 | 25 | 45 | 61 | 53 | 115 | |
Total Liabilities | 1 | 1 | 6 | 5 | 9 | 19 | 40 | 53 | 76 | 97 | 115 | 184 |
0 | 0 | 0 | 0 | 0 | 1 | 3 | 4 | 4 | 6 | 8 | 23 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 5 | 0 |
1 | 1 | 6 | 4 | 9 | 18 | 37 | 48 | 71 | 88 | 102 | 161 | |
Total Assets | 1 | 1 | 6 | 5 | 9 | 19 | 40 | 53 | 76 | 97 | 115 | 184 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
0 | 0 | 0 | 1 | 0 | 0 | -18 | 4 | -2 | 5 | -12 | 3 | |
0 | 0 | 0 | -0 | -0 | -1 | -3 | -2 | -1 | -4 | -5 | -27 | |
0 | 0 | 0 | 0 | 0 | 1 | 21 | -0 | 2 | 0 | 17 | 25 | |
Net Cash Flow | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 2 | -1 | 1 | 1 | 0 |
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 | 56 | 16 | 114 | 44 | 51 | 42 | 82 | 74 | 57 | 87 | 95 | 175 |
Inventory Days | 119 | 23 | 11 | 26 | 46 | 46 | 41 | 41 | 62 | 50 | 59 | 86 |
Days Payable | 185 | 29 | 133 | 66 | 100 | 85 | 66 | 86 | 74 | 75 | 67 | 154 |
Cash Conversion Cycle | -10 | 10 | -8 | 3 | -3 | 3 | 57 | 29 | 46 | 62 | 87 | 106 |
Working Capital Days | -5 | 12 | 2 | -3 | 1 | 10 | 98 | 65 | 45 | 36 | 73 | 47 |
ROCE % | 17% | 15% | 19% | 33% | 58% | 56% | 17% | 12% | 14% | 22% | 24% |
Documents
Announcements
- Closure of Trading Window 28 Jun
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
28 May - Secretarial Compliance Report for the year ended 31st March, 2024.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
24 May - Press Release- "Unveiling Ambitious Expansion Strategy: Retails Stores, Franchise Model, and Exports at the Forefront for Next 5 Years."
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
17 May - Publication of Audited Financial Results for the quarter and year ended on 31.03.2024
- Board Meeting Outcome for Submission Of Audited Standalone And Consolidated Financial Results For The Quarter And Year Ended On March 31, 2024 And Outcome Of Board Meeting. 15 May
Business Overview
SBC Exports Limited is engaged in the Trading and Manufacturing of Garments, Manpower Supply Services & Tour Operator Services. Earlier it was engaged in the Trading of handmade carpets, cushion covers, cotton quilts and bedspreads etc. It entered into Business of Information Technology and Manpower Supply Services in 2017 and Tour and Travel Services in 2018. It is working as a Tour & Travel Booking engine via Maujitrip.Com .[1]
Business Segment
Textiles, Garments (~53% in 9M FY24 vs 51% in FY23) - Co. is engaged in the production of Hosiery Fabrics & Hosiery Garments for Ladies, Mens’ and Kids, which are sold under the brand name of “SBC DESIGN+”, “SBC F-ROUTE”, “IEDEE”. It is also into Home Furnishings which includes handmade carpets, cushion covers, cotton quilts, and bedspreads, etc. It has 2 processing units in UP.