Standard Industries Ltd

Standard Industries Ltd

₹ 25.9 2.65%
03 Jul 12:55 p.m.
About

Incorporated in 1892, Standard Industries Ltd is in the business of property division and trading in textiles and chemicals

Key Points

Product Profile:[1] 100% Cotton Towels, Bed Sheets, Interlining Fabric, Cotton and blended Dhoti, Cotton/PC blended and poly viscose suiting, 100% cotton, PC Poplins and shirting, 2x2 Rubia, 2x1 Rubia in 100% cotton as well as PC Blended and Punjabi suits (ready to stitch) Company also plans to introduce Cotton Sarees

  • Market Cap 167 Cr.
  • Current Price 25.9
  • High / Low 28.2 / 20.2
  • Stock P/E
  • Book Value 29.0
  • Dividend Yield 4.08 %
  • ROCE -2.05 %
  • ROE -1.06 %
  • Face Value 5.00

Pros

  • Stock is trading at 0.88 times its book value
  • Stock is providing a good dividend yield of 4.08%.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 39.5%

Cons

  • Company has low interest coverage ratio.
  • Promoter holding is low: 20.3%
  • Company has high debtors of 896 days.
  • Working capital days have increased from 809 days to 1,541 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: Trading Industry: Trading

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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
3.37 1.10 1.56 2.98 429.97 5.80 2.90 2.88 4.34 6.55 4.73 2.75 5.03
6.67 3.91 5.40 6.41 217.53 8.47 7.21 5.49 8.44 9.52 8.56 6.01 8.40
Operating Profit -3.30 -2.81 -3.84 -3.43 212.44 -2.67 -4.31 -2.61 -4.10 -2.97 -3.83 -3.26 -3.37
OPM % -97.92% -255.45% -246.15% -115.10% 49.41% -46.03% -148.62% -90.62% -94.47% -45.34% -80.97% -118.55% -67.00%
5.87 5.81 12.97 0.76 4.80 6.30 6.69 31.19 0.77 1.39 -0.01 1.67 8.49
Interest 3.26 1.15 0.86 0.84 1.54 1.51 0.71 3.46 0.81 0.82 0.80 0.78 0.71
Depreciation 0.75 0.57 0.55 0.59 0.55 0.58 0.62 0.65 0.64 0.65 0.65 0.65 0.63
Profit before tax -1.44 1.28 7.72 -4.10 215.15 1.54 1.05 24.47 -4.78 -3.05 -5.29 -3.02 3.78
Tax % 0.00% 0.00% 0.00% 0.00% 16.96% 0.00% 0.00% 6.13% -10.46% 0.00% 0.00% 0.00% -146.83%
-1.44 1.28 7.71 -4.10 178.65 1.54 1.05 22.97 -5.28 -3.04 -5.29 -3.03 9.32
EPS in Rs -0.22 0.20 1.20 -0.64 27.77 0.24 0.16 3.57 -0.82 -0.47 -0.82 -0.47 1.45
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
8.41 9.43 6.90 6.30 7.35 10.05 11.62 16.69 7.32 433.96 15.79 19.05
22.73 24.81 18.32 19.91 20.56 25.07 25.65 28.70 20.23 231.61 29.46 32.48
Operating Profit -14.32 -15.38 -11.42 -13.61 -13.21 -15.02 -14.03 -12.01 -12.91 202.35 -13.67 -13.43
OPM % -170.27% -163.10% -165.51% -216.03% -179.73% -149.45% -120.74% -71.96% -176.37% 46.63% -86.57% -70.50%
9.16 4.89 8.91 4.33 0.80 38.82 9.57 -13.11 31.45 24.34 44.94 11.55
Interest 0.00 0.00 0.00 0.94 4.19 8.21 18.43 14.93 13.57 4.39 6.49 3.12
Depreciation 0.94 0.95 1.49 1.19 0.83 0.76 1.13 2.87 3.16 2.25 2.49 2.58
Profit before tax -6.10 -11.44 -4.00 -11.41 -17.43 14.83 -24.02 -42.92 1.81 220.05 22.29 -7.58
Tax % 15.90% 0.00% 0.00% 0.00% 0.80% 22.79% 0.00% 4.66% 0.00% 16.59% 8.97% 73.22%
-5.14 -11.44 -4.00 -11.40 -17.29 11.44 -24.03 -40.92 1.80 183.55 20.29 -2.04
EPS in Rs -0.80 -1.78 -0.62 -1.77 -2.69 1.78 -3.74 -6.36 0.28 28.53 3.15 -0.32
Dividend Payout % -93.85% -42.17% -120.60% -42.32% -27.90% 56.22% 0.00% 0.00% 0.00% 8.76% 33.29% -331.06%
Compounded Sales Growth
10 Years: 7%
5 Years: 10%
3 Years: 38%
TTM: 21%
Compounded Profit Growth
10 Years: 6%
5 Years: 14%
3 Years: %
TTM: -115%
Stock Price CAGR
10 Years: 2%
5 Years: 11%
3 Years: 14%
1 Year: -2%
Return on Equity
10 Years: 11%
5 Years: 29%
3 Years: 40%
Last Year: -1%

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 32.16 32.16 32.16 32.16 32.16 32.16 32.16 32.16 32.16 32.16 32.16 32.16
Reserves 103.57 86.49 76.47 59.26 45.54 51.17 19.31 -21.63 -20.99 162.70 167.00 154.29
0.00 0.00 0.00 25.00 18.68 108.23 143.41 113.56 53.22 26.07 26.49 22.03
18.32 17.95 18.57 35.10 66.74 92.95 211.71 292.49 371.53 85.04 18.52 17.16
Total Liabilities 154.05 136.60 127.20 151.52 163.12 284.51 406.59 416.58 435.92 305.97 244.17 225.64
17.87 16.99 15.12 20.89 20.21 24.13 44.69 50.29 26.79 26.05 31.16 27.96
CWIP 10.91 10.91 10.91 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 9.83 5.74 1.64 15.90 77.72 150.96 196.29 218.83 158.16 156.97 132.74 122.18
115.44 102.96 99.53 114.73 65.19 109.42 165.61 147.46 250.97 122.95 80.27 75.50
Total Assets 154.05 136.60 127.20 151.52 163.12 284.51 406.59 416.58 435.92 305.97 244.17 225.64

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
-23.86 -25.12 -10.14 3.33 22.70 2.13 109.19 73.90 37.70 57.62 -105.78 -6.13
-22.74 11.57 14.90 -20.19 -6.35 -76.93 -83.95 -63.34 88.65 -13.54 59.59 20.72
-5.55 -5.66 -5.58 18.23 -16.02 78.42 9.18 -46.17 -74.70 -31.75 -22.53 -14.34
Net Cash Flow -52.15 -19.21 -0.82 1.37 0.33 3.61 34.43 -35.60 51.66 12.34 -68.73 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 227.42 69.28 109.50 82.85 58.10 1,115.34 416.51 292.39 758.42 2.08 944.05 895.93
Inventory Days 1,231.81 1,030.16 1,274.67 2,071.82 1,786.16 1,656.22 2,309.86 2,059.77 4,667.64 0.00 0.00
Days Payable 88.18 62.57 103.72 83.09 68.10 84.94 116.23 103.63 315.68
Cash Conversion Cycle 1,371.05 1,036.87 1,280.45 2,071.58 1,776.16 2,686.62 2,610.14 2,248.54 5,110.39 2.08 944.05 895.93
Working Capital Days 2,107.97 342.94 427.42 114.71 -2,188.01 -366.82 -6,572.51 -3,773.78 -10,441.89 -53.04 938.74 1,540.66
ROCE % -4.29% -8.99% -6.43% -9.32% -6.33% 15.99% -2.89% -17.55% 15.32% 157.33% 9.44%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
20.15% 20.15% 20.15% 20.15% 20.15% 20.31% 20.31% 20.31% 20.31% 20.31% 20.31% 20.31%
0.00% 0.00% 0.00% 0.00% 0.00% 38.87% 38.88% 38.86% 38.86% 38.86% 38.86% 38.86%
4.95% 4.95% 4.55% 4.19% 4.14% 4.13% 4.13% 4.13% 4.04% 4.04% 4.04% 4.04%
74.90% 74.90% 75.30% 75.66% 75.71% 36.69% 36.69% 36.71% 36.79% 36.78% 36.78% 36.78%
No. of Shareholders 25,80425,71025,75726,13730,98839,20543,95247,37748,53947,20647,10247,985

* 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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