BSE:503804

Stock Analysis Report

Executive Summary

Shri Dinesh Mills Limited manufactures and sells suiting and machine clothing in India and internationally.


Snowflake Analysis

Excellent balance sheet, good value and pays a dividend.

Share Price & News

How has Shri Dinesh Mills's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 503804 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.6%

503804

1.1%

IN Luxury

-0.07%

IN Market


1 Year Return

-3.5%

503804

17.4%

IN Luxury

9.5%

IN Market

Return vs Industry: 503804 underperformed the Indian Luxury industry which returned 17.4% over the past year.

Return vs Market: 503804 underperformed the Indian Market which returned 9.5% over the past year.


Shareholder returns

503804IndustryMarket
7 Day-1.6%1.1%-0.07%
30 Day16.7%2.3%-1.3%
90 Day7.5%10.5%1.9%
1 Year0.6%-3.5%18.1%17.4%11.5%9.5%
3 Year-2.8%-8.7%54.7%52.9%23.6%16.7%
5 Year25.3%13.8%107.0%100.1%35.5%22.9%

Price Volatility Vs. Market

How volatile is Shri Dinesh Mills's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Shri Dinesh Mills undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 503804 (₹117.9) is trading below our estimate of fair value (₹281.6)

Significantly Below Fair Value: 503804 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 503804 is good value based on its PE Ratio (10.9x) compared to the Luxury industry average (11.4x).

PE vs Market: 503804 is good value based on its PE Ratio (10.9x) compared to the Indian market (13.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 503804's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 503804 is overvalued based on its PB Ratio (0.6x) compared to the IN Luxury industry average (0.5x).


Next Steps

Future Growth

How is Shri Dinesh Mills forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.8%

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 Shri Dinesh 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.


Next Steps

Past Performance

How has Shri Dinesh Mills performed over the past 5 years?

-5.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 503804 has high quality earnings.

Growing Profit Margin: 503804 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 503804's earnings have declined by -5.6% per year over the past 5 years.

Accelerating Growth: 503804 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 503804 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: 503804's Return on Equity (5.1%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Shri Dinesh Mills's financial position?


Financial Position Analysis

Short Term Liabilities: 503804's short term assets (₹933.6M) exceed its short term liabilities (₹303.3M).

Long Term Liabilities: 503804's short term assets (₹933.6M) exceed its long term liabilities (₹80.2M).


Debt to Equity History and Analysis

Debt Level: 503804's debt to equity ratio (5.5%) is considered satisfactory.

Reducing Debt: 503804's debt to equity ratio has reduced from 24% to 5.5% over the past 5 years.

Debt Coverage: 503804's debt is well covered by operating cash flow (189.6%).

Interest Coverage: Insufficient data to determine if 503804's interest payments on its debt are well covered by EBIT.


Balance Sheet

Inventory Level: 503804 has a high level of physical assets or inventory.

Debt Coverage by Assets: 503804's debt is covered by short term assets (assets are 16.1x debt).


Next Steps

Dividend

What is Shri Dinesh Mills's current dividend yield, its reliability and sustainability?

2.54%

Current Dividend Yield


Dividend Yield vs Market

company2.5%marketbottom25%0.6%markettop25%2.6%industryaverage0.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: 503804's dividend (2.54%) is higher than the bottom 25% of dividend payers in the Indian market (0.59%).

High Dividend: 503804's dividend (2.54%) is low compared to the top 25% of dividend payers in the Indian market (2.59%).


Stability and Growth of Payments

Stable Dividend: 503804's dividends per share have been stable in the past 10 years.

Growing Dividend: 503804's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (16.6%), 503804's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

7.6yrs

Average management tenure


CEO

Bharatbhai Patel (65yo)

9.8yrs

Tenure

₹11,040,000

Compensation

Mr. Bharatbhai Upendrabhai Patel, B.Text., M.B.A has been the Managing Director at Shri Dinesh Mills since April 1, 2010. Mr. Patel serves as a Managing Director of Dinesh Remedies Ltd. Mr. Patel has a wid ...


CEO Compensation Analysis

Compensation vs Market: Bharatbhai's total compensation ($USD153.69K) is above average for companies of similar size in the Indian market ($USD50.06K).

Compensation vs Earnings: Bharatbhai's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Bharatbhai Patel
Chairman & MD9.8yrs₹11.04m14.61% 95.3m
Nimishbhai Patel
MD & Executive Director25.1yrs₹11.04m14.66% 95.6m
Apurva Shah
Chief Financial Officer2.1yrsno datano data
Jaman Sojitra
Executive Director of Corporate Affairs23.3yrs₹2.47m0.051% 333.5k
Aditya Patel
Vice President5.3yrs₹9.60m7.88% 51.3m

7.6yrs

Average Tenure

58yo

Average Age

Experienced Management: 503804's management team is seasoned and experienced (7.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Bharatbhai Patel
Chairman & MD9.8yrs₹11.04m14.61% 95.3m
Nimishbhai Patel
MD & Executive Director25.1yrs₹11.04m14.66% 95.6m
Jaman Sojitra
Executive Director of Corporate Affairs23.3yrs₹2.47m0.051% 333.5k
Tanujbhai Patel
Non-Executive Independent Director35.4yrs₹151.00k0.019% 125.4k
Rakesh Agrawal
Non-Executive Independent Director9yrs₹179.00k0.0019% 12.3k
Sanjiv Shah
Non-Executive Independent Director3.9yrs₹105.00kno data
Tarunaben Patel
Non-Executive Independent Director3.9yrs₹132.00kno data

9.8yrs

Average Tenure

65yo

Average Age

Experienced Board: 503804's board of directors are considered experienced (9.8 years average tenure).


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.6%.


Top Shareholders

Company Information

Shri Dinesh Mills Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Shri Dinesh Mills Limited
  • Ticker: 503804
  • Exchange: BSE
  • Founded: 1935
  • Industry: Textiles
  • Sector: Consumer Durables
  • Market Cap: ₹651.972m
  • Shares outstanding: 5.30m
  • Website: https://www.dineshmills.com

Location

  • Shri Dinesh Mills Limited
  • PO Box No. 2501
  • Padra Road
  • Vadodara
  • Gujarat
  • 390020
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
503804BSE (Mumbai Stock Exchange)YesEquity SharesININRDec 2001

Biography

Shri Dinesh Mills Limited manufactures and sells suiting and machine clothing in India and internationally. The company offers woolen/worsted suiting under the dinesh brand; paper makers' felt; and hard gelatin capsules for the pharmaceutical and dietary supplement markets. Shri Dinesh Mills Limited was incorporated in 1935 and is based in Vadodara, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/24 12:41
End of Day Share Price2020/02/24 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


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.