Salona Cotspin Ltd

Salona Cotspin Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Salona Cotspin Ltd

₹ 301 -1.49%
22 Nov - close price
salonacotspin.com BSE: 590056 NSE: SALONA
About

Incorporated in 1996, Salona Cotspin Ltd manufactures and sells Textiles[1]

Key Points

Business Overview:[1]
SCL does manufacturing and selling of cotton yarn, knitted fabrics and garments at Erode (Tamil Nadu). It caters to domestic and international markets. Company markets its product under its brand name Salona

Website BSE NSE
  • Market Cap ₹ 158 Cr.
  • Current Price ₹ 301
  • High / Low ₹ 383 / 250
  • Stock P/E 23.3
  • Book Value ₹ 160
  • Dividend Yield 0.33 %
  • ROCE 8.31 %
  • ROE 7.96 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter

Cons

  • Company has low interest coverage ratio.
  • Company might be capitalizing the interest cost

* 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 - Cotton/Blended

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Quarterly Results

Figures in Rs. Crores

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
164.37 170.60 170.66 155.17 92.58 92.18 146.99 140.56 208.88 206.42 166.40 190.01 166.06
153.32 159.67 163.12 144.68 80.84 84.58 141.98 134.21 198.60 199.51 159.72 181.57 157.84
Operating Profit 11.05 10.93 7.54 10.49 11.74 7.60 5.01 6.35 10.28 6.91 6.68 8.44 8.22
OPM % 6.72% 6.41% 4.42% 6.76% 12.68% 8.24% 3.41% 4.52% 4.92% 3.35% 4.01% 4.44% 4.95%
0.07 0.00 -0.02 0.00 0.15 0.06 0.08 0.01 0.05 0.09 0.11 0.04 0.05
Interest 1.86 1.56 2.49 1.35 1.99 2.54 3.52 2.76 4.21 5.53 2.71 4.31 3.64
Depreciation 0.75 0.75 1.08 1.28 1.70 1.24 1.26 1.38 2.50 0.26 2.72 1.80 1.82
Profit before tax 8.51 8.62 3.95 7.86 8.20 3.88 0.31 2.22 3.62 1.21 1.36 2.37 2.81
Tax % 16.69% 22.62% 66.84% 19.08% 33.54% 32.47% -912.90% 7.21% 51.93% -19.83% 34.56% 3.38% 22.06%
7.09 6.68 1.30 6.35 5.45 2.62 3.14 2.06 1.73 1.44 0.90 2.27 2.19
EPS in Rs 13.47 12.69 2.47 12.07 10.36 4.98 5.97 3.91 3.29 2.74 1.71 4.31 4.16
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
86 106 103 100 121 107 133 122 230 647 487 722 729
72 90 93 91 113 97 123 113 215 610 452 692 699
Operating Profit 13 16 10 9 9 9 10 9 15 37 35 30 30
OPM % 16% 15% 9% 9% 7% 9% 8% 7% 6% 6% 7% 4% 4%
0 0 0 0 0 0 0 0 0 0 0 0 0
Interest 4 3 3 3 2 3 4 4 4 7 9 15 16
Depreciation 5 6 4 3 4 4 4 3 3 3 5 7 7
Profit before tax 4 8 3 3 3 2 2 2 8 27 20 8 8
Tax % 16% 26% 17% 17% -20% 4% 29% 38% 20% 26% 13% 27%
3 6 2 2 3 2 2 1 6 20 18 6 7
EPS in Rs 5.91 10.76 4.01 4.31 6.35 4.05 3.10 2.22 11.78 37.61 33.39 11.65 12.92
Dividend Payout % 0% 11% 0% 18% 10% 15% 20% 0% 9% 3% 4% 9%
Compounded Sales Growth
10 Years: 21%
5 Years: 40%
3 Years: 46%
TTM: 24%
Compounded Profit Growth
10 Years: 1%
5 Years: 31%
3 Years: 0%
TTM: -29%
Stock Price CAGR
10 Years: 27%
5 Years: 34%
3 Years: 12%
1 Year: 3%
Return on Equity
10 Years: 16%
5 Years: 20%
3 Years: 23%
Last Year: 8%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 5 5 5 5 5 5 5 5 5 5 5 5 5
Reserves 10 15 17 19 23 25 26 27 33 52 69 74 79
40 33 26 31 35 43 51 40 77 139 157 257 224
6 9 6 9 8 10 8 11 24 32 39 27 33
Total Liabilities 61 63 54 64 71 83 90 83 138 228 270 364 341
29 25 21 18 17 15 26 24 27 43 41 70 67
CWIP 1 0 0 0 0 5 1 0 0 0 0 36 45
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
32 38 33 46 54 63 63 59 112 185 229 257 229
Total Assets 61 63 54 64 71 83 90 83 138 228 270 364 341

Cash Flows

Figures in Rs. Crores

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 12 10 0 -3 4 6 14 -24 -35 -5 -12
-1 -1 -0 -1 -2 -7 -10 0 -5 -20 -3 -72
-8 -10 -10 2 3 3 4 -14 29 54 8 84
Net Cash Flow -1 1 -1 2 -2 -0 0 0 0 -0 -0 -0

Ratios

Figures in Rs. Crores

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 40 44 31 46 65 65 50 41 85 54 92 73
Inventory Days 124 109 101 148 115 184 146 159 124 43 51 34
Days Payable 11 17 9 22 17 34 16 29 52 12 22 7
Cash Conversion Cycle 153 136 123 172 163 216 181 171 157 85 121 100
Working Capital Days 93 86 86 119 131 165 143 135 140 88 134 114
ROCE % 14% 20% 11% 11% 9% 8% 8% 8% 13% 22% 14% 8%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
65.98% 65.98% 65.98% 65.98% 65.98% 67.09% 67.09% 67.09% 67.09% 67.09% 67.09% 67.09%
0.00% 0.03% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
34.02% 33.99% 34.02% 34.02% 34.02% 32.90% 32.91% 32.91% 32.91% 32.91% 32.91% 32.91%
No. of Shareholders 2,4363,5813,5463,5533,4783,2723,4853,2272,9672,6072,8032,689

* 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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