BSE:505729

Stock Analysis Report

Executive Summary

Singer India Limited manufactures and trades in sewing machines and related accessories, and domestic appliances in India.


Snowflake Analysis

Adequate balance sheet with acceptable track record.

Share Price & News

How has Singer India's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 505729 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-8.6%

505729

-2.5%

IN Consumer Durables

-3.5%

IN Market


1 Year Return

-27.0%

505729

30.5%

IN Consumer Durables

5.2%

IN Market

Return vs Industry: 505729 underperformed the Indian Consumer Durables industry which returned 31.8% over the past year.

Return vs Market: 505729 underperformed the Indian Market which returned 6.4% over the past year.


Shareholder returns

505729IndustryMarket
7 Day-8.6%-2.5%-3.5%
30 Day-1.8%1.9%-3.9%
90 Day-3.8%13.5%-2.1%
1 Year-26.1%-27.0%31.5%30.5%7.2%5.2%
3 Year-25.9%-29.8%46.6%44.1%18.9%12.4%
5 Year-17.1%-23.5%99.4%93.9%29.4%17.7%

Price Volatility Vs. Market

How volatile is Singer India's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Singer India undervalued compared to its fair value and its price relative to the market?

15.69x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 505729 (₹28.45) is trading above our estimate of fair value (₹10.46)

Significantly Below Fair Value: 505729 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 505729 is good value based on its PE Ratio (15.9x) compared to the Consumer Durables industry average (24x).

PE vs Market: 505729 is poor value based on its PE Ratio (15.9x) compared to the Indian market (13x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 505729's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 505729 is overvalued based on its PB Ratio (2.6x) compared to the IN Consumer Durables industry average (1.4x).


Next Steps

Future Growth

How is Singer India forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

24.1%

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 Singer India 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 Singer India performed over the past 5 years?

6.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 505729 has high quality earnings.

Growing Profit Margin: 505729's current net profit margins (2%) are higher than last year (2%).


Past Earnings Growth Analysis

Earnings Trend: 505729's earnings have grown by 6.2% per year over the past 5 years.

Accelerating Growth: 505729's earnings growth over the past year (3.5%) is below its 5-year average (6.2% per year).

Earnings vs Industry: 505729 earnings growth over the past year (3.5%) underperformed the Consumer Durables industry 15.6%.


Return on Equity

High ROE: 505729's Return on Equity (16.1%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Singer India's financial position?


Financial Position Analysis

Short Term Liabilities: 505729's short term assets (₹1.5B) exceed its short term liabilities (₹1.1B).

Long Term Liabilities: 505729's short term assets (₹1.5B) exceed its long term liabilities (₹24.9M).


Debt to Equity History and Analysis

Debt Level: 505729's debt to equity ratio (36.1%) is considered satisfactory.

Reducing Debt: 505729's debt to equity ratio has increased from 0.7% to 36.1% over the past 5 years.

Debt Coverage: 505729's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 505729's interest payments on its debt are well covered by EBIT (9.2x coverage).


Balance Sheet

Inventory Level: 505729 has a high level of physical assets or inventory.

Debt Coverage by Assets: 505729's debt is covered by short term assets (assets are 7.2x debt).


Next Steps

Dividend

What is Singer India's current dividend yield, its reliability and sustainability?

2.85%

Current Dividend Yield


Dividend Yield vs Market

company2.9%marketbottom25%0.6%markettop25%2.7%industryaverage0.4%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: 505729's dividend (2.81%) is higher than the bottom 25% of dividend payers in the Indian market (0.6%).

High Dividend: 505729's dividend (2.81%) is in the top 25% of dividend payers in the Indian market (2.63%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, 505729 has been paying a dividend for less than 10 years.

Growing Dividend: 505729's dividend payments have increased, but the company has only paid a dividend for 6 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (44.7%), 505729'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?

4.8yrs

Average management tenure


CEO

Rajeev Bajaj (59yo)

9.3yrs

Tenure

₹10,672,000

Compensation

Mr. Rajeev Bajaj serves as Vice President of India at Singer Asia Limited and Sewko Holdings Limited since October 2010. He served as the Managing Director of Singer India Ltd., since October 1, 2010 and i ...


CEO Compensation Analysis

Compensation vs Market: Rajeev's total compensation ($USD148.59K) is above average for companies of similar size in the Indian market ($USD49.94K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Rajeev Bajaj
MD & Executive Director9.3yrs₹10.67m0.000070% 1.1k
Subhash Nagpal
Chief Financial Officer4.8yrs₹4.24mno data
Priyanka Gandhi
Company Secretary & Compliance Officer0.8yrsno datano data

4.8yrs

Average Tenure

Experienced Management: 505729's management team is considered experienced (4.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Rajeev Bajaj
MD & Executive Director9.3yrs₹10.67m0.000070% 1.1k
Gavin Walker
Non-Executive Director0yrsno datano data
Deepak Sabharwal
Non-Executive Independent Director14.4yrs₹225.00kno data
Paresh Sharma
Independent Chairman of the Board5.1yrs₹375.00k0.00014% 2.1k
Madhu Vij
Non-Executive Independent Director5.5yrs₹283.00kno data
Nandun Wickramasinghe
Additional Non-Executive & Non-Independent Director0yrsno datano data

8.0yrs

Average Tenure

59yo

Average Age

Experienced Board: 505729's board of directors are considered experienced (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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Singer India Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Singer India Limited
  • Ticker: 505729
  • Exchange: BSE
  • Founded: 1977
  • Industry: Household Appliances
  • Sector: Consumer Durables
  • Market Cap: ₹1.528b
  • Shares outstanding: 53.72m
  • Website: https://www.singerindia.net

Number of Employees


Location

  • Singer India Limited
  • A-26/4, Mohan Cooperative Industrial Estate
  • 2nd Floor
  • New Delhi
  • Delhi
  • 110044
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
505729BSE (Mumbai Stock Exchange)YesEquity SharesININRDec 2001

Biography

Singer India Limited manufactures and trades in sewing machines and related accessories, and domestic appliances in India. The company’s sewing machines comprise electronic, embroidery, mechanical, and straight stitch machines, as well as fashion maker, sewing machine, and carded notions accessories. It also offers kitchen appliances, such as breakfast kits, cooking and food preparation equipment, microwave ovens, and gas stoves; home appliances consisting of irons, heaters, coolers and fans, washing machines, and refrigerators; and personal care appliances, including hair dryers, straightners, trimmers, brushes, and styling kits. The company provides its products under the Singer and Merritt brands through its showrooms, shops and dealers/distributors, and after sales service network, as well as through an online store. Singer India Limited also exports its products. The company was formerly known as Indian Sewing Machine Company Limited. The company was incorporated in 1977 and is headquartered in New Delhi, India. Singer India Limited is a subsidiary of Retail Holdings (India) B.V. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/27 12:46
End of Day Share Price2020/02/27 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.