Katare Spinning Mills Limited manufactures and sells cotton yarn in India.
Acceptable track record and slightly overvalued.
Share Price & News
How has Katare Spinning Mills's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 502933's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 502933 exceeded the Indian Luxury industry which returned 12.8% over the past year.
Return vs Market: 502933 exceeded the Indian Market which returned 5.2% over the past year.
Price Volatility Vs. Market
How volatile is Katare Spinning Mills's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Katare Spinning Mills undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 502933 (₹20.9) is trading below our estimate of fair value (₹59.4)
Significantly Below Fair Value: 502933 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 502933 is poor value based on its PE Ratio (60.4x) compared to the Luxury industry average (10.6x).
PE vs Market: 502933 is poor value based on its PE Ratio (60.4x) compared to the Indian market (13x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 502933's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 502933 is overvalued based on its PB Ratio (1.2x) compared to the IN Luxury industry average (0.5x).
How is Katare Spinning Mills forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Consumer Durables industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Katare Spinning Mills has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Take a look at our analysis of 502933’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Katare Spinning Mills competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Consumer Durables industry.
How has Katare Spinning Mills performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 502933 has high quality earnings.
Growing Profit Margin: 502933 became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: 502933 has become profitable over the past 5 years, growing earnings by 1.4% per year.
Accelerating Growth: 502933 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: 502933 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Luxury industry (6.4%).
Return on Equity
High ROE: 502933's Return on Equity (19%) is considered low.
How is Katare Spinning Mills's financial position?
Financial Position Analysis
Short Term Liabilities: 502933's short term assets (₹142.7M) do not cover its short term liabilities (₹353.9M).
Long Term Liabilities: 502933's short term assets (₹142.7M) exceed its long term liabilities (₹34.1M).
Debt to Equity History and Analysis
Debt Level: 502933's debt to equity ratio (723.5%) is considered high.
Reducing Debt: 502933's debt to equity ratio has increased from 227% to 723.5% over the past 5 years.
Inventory Level: 502933 has a high level of physical assets or inventory.
Debt Coverage by Assets: 502933's debt is not covered by short term assets (assets are 0.4x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: 502933 is profitable, therefore cash runway is not a concern.
Forecast Cash Runway: Insufficient data to determine if 502933 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
What is Katare Spinning Mills's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 502933's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate 502933's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if 502933's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 502933's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: 502933 is not paying a notable dividend for the Indian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 502933's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Kishore Katare (63yo)
Mr. Kishore Tippanna Katare serves as the Managing Director and Executive Director of Katare Spinning Mills Ltd.
CEO Compensation Analysis
Compensation vs Market: Kishore's total compensation ($USD8.38K) is below average for companies of similar size in the Indian market ($USD50.10K).
Compensation vs Earnings: Kishore's compensation has been consistent with company performance over the past year.
|MD & Chairman||0yrs||₹600.00k||23.22% ₹13.2m|
|Non-Executive & Independent Director||0.8yrs||no data||no data|
|Non-Executive & Independent Director||0.8yrs||no data||no data|
Experienced Board: 502933's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Katare Spinning Mills Limited's company bio, employee growth, exchange listings and data sources
- Name: Katare Spinning Mills Limited
- Ticker: 502933
- Exchange: BSE
- Founded: 1980
- Industry: Textiles
- Sector: Consumer Durables
- Market Cap: ₹56.858m
- Shares outstanding: 2.85m
- Website: https://www.katarespinningmillslimited.com
- Katare Spinning Mills Limited
- 1st Floor
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|502933||BSE (Mumbai Stock Exchange)||Yes||Equity Shares||IN||INR||Mar 2008|
Katare Spinning Mills Limited manufactures and sells cotton yarn in India. The company operates through Spinning Mill, Hotel, and Solar Power segments. It also operates a hotel under the Hotel Tripursundari name. In addition, the company engages in the solar power generation business. The company was incorporated in 1980 and is based in Solapur, India.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/27 13:09|
|End of Day Share Price||2020/02/27 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.