Shiva Texyarn
BSE:511108
511108
BSE
₹2B
Market Cap
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Company description
Shiva Texyarn Limited manufactures and markets cotton yarn, and technical and other value added textile products in India. The last earnings update was 69 days ago. More info.
Add to Portfolio Compare Print
- Shiva Texyarn has significant price volatility in the past 3 months.
511108 Share Price and Events
7 Day Returns
-4.9%
BSE:511108
-0.6%
IN Luxury
-1.9%
IN Market
1 Year Returns
-73.9%
BSE:511108
-4%
IN Luxury
-2.8%
IN Market
511108 Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Shiva Texyarn (511108) | -4.9% | -22.5% | -30.9% | -73.9% | - | - |
| IN Luxury | -0.6% | 1.4% | 8.8% | -4% | 47.5% | 162.4% |
| IN Market | -1.9% | 1.2% | 5.1% | -2.8% | 38.3% | 71% |
1 Year Return vs Industry and Market
- 511108 underperformed the Luxury industry which returned -4% over the past year.
- 511108 underperformed the Market in India which returned -2.8% over the past year.
511108 Value
Is Shiva Texyarn undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Shiva Texyarn
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data
Below are the data sources, inputs and calculation used to determine the intrinsic value for Shiva Texyarn.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Extrapolated from most recent financials. | See below |
| Discount Rate (Cost of Equity) | See below | 17.6% |
| Perpetual Growth Rate | 10-Year IN Government Bond Rate | 7.6% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year IN Govt Bond Rate | 7.6% |
| Equity Risk Premium | S&P Global | 8.6% |
| Luxury Unlevered Beta | Simply Wall St/ S&P Global | 0.73 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.73 (1 + (1- 35%) (111.06%)) |
1.172 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.17 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.172 * 8.6%) |
17.63% |
Discounted Cash Flow Calculation for BSE:511108 using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Shiva Texyarn is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (INR, Millions) | Source |
Present Value Discounted (@ 17.63%) |
|
|---|---|---|---|
| 2019 | 136.28 | Est @ 12.75% | 115.86 |
| 2020 | 151.53 | Est @ 11.19% | 109.51 |
| 2021 | 166.82 | Est @ 10.1% | 102.50 |
| 2022 | 182.39 | Est @ 9.33% | 95.27 |
| 2023 | 198.44 | Est @ 8.8% | 88.12 |
| 2024 | 215.15 | Est @ 8.42% | 81.22 |
| 2025 | 232.71 | Est @ 8.16% | 74.69 |
| 2026 | 251.28 | Est @ 7.98% | 68.56 |
| 2027 | 271.00 | Est @ 7.85% | 62.86 |
| 2028 | 292.03 | Est @ 7.76% | 57.59 |
| Present value of next 10 years cash flows | ₹856.17 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= ₹292.03 × (1 + 7.55%) ÷ (17.63% – 7.55%) |
₹3,116.43 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= ₹3,116.43 ÷ (1 + 17.63%)10 |
₹614.54 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= ₹856.17 + ₹614.54 |
₹1,470.71 |
| Equity Value per Share (INR) |
= Total value / Shares Outstanding
= ₹1,470.71 / 12.96 |
₹113.46 |
| Calculation | Result | |
|---|---|---|
| Value per share (INR) | From above. | ₹113.46 |
| Current discount | Discount to share price of
₹131.25
= -1 x (₹131.25 - ₹113.46) / ₹113.46 |
-15.7% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Shiva Texyarn is above its future cash flow value.
Often investors are willing to pay a
premium
for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Shiva Texyarn's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Shiva Texyarn's earnings available for a low price, and how does
this compare to other companies in the same industry?
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in INR | ₹5.10 |
| BSE:511108 Share Price ** | BSE (2019-04-24) in INR | ₹131.25 |
| India Luxury Industry PE Ratio | Median Figure of 240 Publicly-Listed Luxury Companies | 12.23x |
| India Market PE Ratio | Median Figure of 2,739 Publicly-Listed Companies | 16.02x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Shiva Texyarn.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = BSE:511108 Share Price ÷ EPS (both in INR) = 131.25 ÷ 5.10 |
25.71x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Shiva Texyarn is overvalued based on earnings compared to the IN Luxury industry average.
- Shiva Texyarn is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does
Shiva Texyarn's expected growth come at a high price?
Raw Data
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 25.71x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts |
8.1%per year |
| India Luxury Industry PEG Ratio | Median Figure of 25 Publicly-Listed Luxury Companies | 1.48x |
| India Market PEG Ratio | Median Figure of 586 Publicly-Listed Companies | 1.32x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to calculate PEG ratio for Shiva Texyarn, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Shiva Texyarn's
assets?
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in INR | ₹85.18 |
| BSE:511108 Share Price * | BSE (2019-04-24) in INR | ₹131.25 |
| India Luxury Industry PB Ratio | Median Figure of 311 Publicly-Listed Luxury Companies | 0.75x |
| India Market PB Ratio | Median Figure of 3,630 Publicly-Listed Companies | 1.09x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = BSE:511108 Share Price ÷ Book Value per Share (both in INR) = 131.25 ÷ 85.18 |
1.54x |
* Primary Listing of Shiva Texyarn.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Shiva Texyarn is overvalued based on assets compared to the IN Luxury industry average.
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Value checks
We assess Shiva Texyarn's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check) Shiva Texyarn has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
511108 Future Performance
- No analysts cover Shiva Texyarn, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
8.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is
Shiva Texyarn
expected to grow at an
attractive
rate?
- Shiva Texyarn's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
- Shiva Texyarn's earnings growth is positive but not above the India market average.
- Unable to compare Shiva Texyarn's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
| Data Point | Source | Value (per year) |
|---|---|---|
| BSE:511108 Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts | 8.1% |
| India Luxury Industry Earnings Growth Rate | Market Cap Weighted Average | 19.3% |
| India Luxury Industry Revenue Growth Rate | Market Cap Weighted Average | 15% |
| India Market Earnings Growth Rate | Market Cap Weighted Average | 18.3% |
| India Market Revenue Growth Rate | Market Cap Weighted Average | 11.7% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
Raw Data
All numbers in INR Millions and using
Trailing twelve months (TTM)
annual period rather than quarterly.
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| Date (Data in INR Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 3,438 | 66 | |
| 2018-09-30 | 2,666 | 64 | |
| 2018-06-30 | 3,629 | 85 | |
| 2018-03-31 | 3,588 | 171 | 113 |
| 2017-12-31 | 3,395 | 96 | |
| 2017-09-30 | 5,801 | 180 | |
| 2017-06-30 | 3,455 | 99 | |
| 2017-03-31 | 3,827 | 446 | 103 |
| 2016-09-30 | 4,824 | 136 | |
| 2016-06-30 | 4,614 | 115 | |
| 2016-03-31 | 4,499 | 275 | 108 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can
be gauged below. We look back 3 years and see if they were any good at
predicting what actually occurred. We also show the highest and lowest estimates
looking forward to see if there is a wide range.
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
All data from Shiva Texyarn Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in INR Millions) | EPS * |
|---|---|
| 2018-12-31 | 5.10 |
| 2018-09-30 | 4.95 |
| 2018-06-30 | 6.58 |
| 2018-03-31 | 8.74 |
| 2017-12-31 | 7.37 |
| 2017-09-30 | 13.90 |
| 2017-06-30 | 7.63 |
| 2017-03-31 | 7.93 |
| 2016-09-30 | 10.46 |
| 2016-06-30 | 8.88 |
| 2016-03-31 | 8.37 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if Shiva Texyarn will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
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Shiva Texyarn has a total score of 1/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Future performance checks
We assess Shiva Texyarn's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Shiva Texyarn has a total score of 1/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
511108 Past Performance
How has Shiva Texyarn performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Below we compare
Shiva Texyarn's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it
has maintained that growth in the year.
- Shiva Texyarn's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
- Shiva Texyarn's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Shiva Texyarn's 1-year earnings growth is negative, it can't be compared to the IN Luxury industry average.
Earnings and Revenue History
Shiva Texyarn's
revenue
and
profit
over the past 5 years is shown below, any years where they have experienced a
loss will show up in red.
Raw Data
All data from Shiva Texyarn Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in INR Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 3,437.98 | 66.14 | 469.61 | |
| 2018-09-30 | 2,665.79 | 64.20 | 404.49 | |
| 2018-06-30 | 3,629.42 | 85.20 | 458.70 | |
| 2018-03-31 | 3,587.96 | 113.23 | 445.77 | |
| 2017-12-31 | 3,394.86 | 95.54 | 379.18 | |
| 2017-09-30 | 5,800.77 | 180.19 | 494.58 | |
| 2017-06-30 | 3,455.25 | 98.85 | 362.77 | |
| 2017-03-31 | 3,826.90 | 102.85 | 367.89 | |
| 2016-09-30 | 4,823.97 | 135.51 | 400.64 | |
| 2016-06-30 | 4,613.62 | 115.14 | 341.87 | |
| 2016-03-31 | 4,499.24 | 108.46 | 329.26 | |
| 2015-12-31 | 4,433.04 | 107.77 | 504.13 | |
| 2015-09-30 | 4,570.48 | 109.06 | 487.46 | |
| 2015-06-30 | 4,577.10 | 75.83 | 479.62 | |
| 2015-03-31 | 4,652.89 | 88.94 | 274.12 | |
| 2014-12-31 | 5,004.03 | 105.95 | 438.40 | |
| 2014-09-30 | 4,939.91 | 130.80 | 425.88 | |
| 2014-06-30 | 5,136.03 | 185.09 | 409.23 | |
| 2014-03-31 | 5,044.67 | 208.63 | 392.72 | |
| 2013-12-31 | 4,711.26 | 220.61 | 319.56 | |
| 2013-09-30 | 4,595.65 | 217.79 | 307.34 | |
| 2013-06-30 | 4,268.93 | 208.42 | 148.61 | |
| 2013-03-31 | 4,191.55 | 222.92 | 286.78 | |
| 2012-12-31 | 3,832.04 | 141.35 | 229.89 | |
| 2012-09-30 | 3,617.39 | 68.98 | 211.56 | |
| 2012-06-30 | 3,463.98 | -148.30 | 102.53 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Shiva Texyarn has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Shiva Texyarn used its assets more efficiently than the IN Luxury industry average last year based on Return on Assets.
- Shiva Texyarn has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Shiva Texyarn has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Past performance checks
We assess Shiva Texyarn's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Shiva Texyarn has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
511108 Health
How is Shiva Texyarn's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Shiva Texyarn's finances.
The net worth of a company is the difference between its assets and liabilities.
- Shiva Texyarn's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
- Shiva Texyarn's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of
Shiva Texyarn's finances. If any of them are yellow this
indicates they may be out of proportion and red means they relate to one of the
checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
- High level of physical assets or inventory.
- Debt is not covered by short term assets, assets are 0.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data
All data from Shiva Texyarn Company Filings, last reported 3 months ago.
| Date (Data in INR Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 1,103.65 | 1,973.02 | 83.08 |
| 2018-09-30 | 1,103.65 | 1,973.02 | 83.08 |
| 2018-06-30 | 1,081.04 | 1,802.82 | 88.63 |
| 2018-03-31 | 1,081.04 | 1,802.82 | 88.63 |
| 2017-12-31 | 1,837.81 | 1,823.53 | 211.84 |
| 2017-09-30 | 1,837.81 | 1,823.53 | 211.84 |
| 2017-06-30 | 992.28 | 1,660.41 | 57.14 |
| 2017-03-31 | 992.28 | 1,660.41 | 57.14 |
| 2016-09-30 | |||
| 2016-06-30 | 1,589.05 | 2,512.68 | 79.38 |
| 2016-03-31 | 1,589.05 | 2,445.80 | 79.38 |
| 2015-12-31 | 1,596.03 | 2,317.78 | 169.48 |
| 2015-09-30 | 1,596.03 | 2,317.78 | 169.48 |
| 2015-06-30 | 1,509.33 | 2,296.35 | 66.41 |
| 2015-03-31 | 1,509.33 | 2,296.35 | 66.41 |
| 2014-12-31 | 1,513.10 | 2,551.17 | 96.37 |
| 2014-09-30 | 1,513.10 | 2,551.17 | 96.37 |
| 2014-06-30 | 1,446.52 | 2,880.89 | 193.34 |
| 2014-03-31 | 1,446.52 | 2,880.87 | 193.34 |
| 2013-12-31 | 1,412.63 | 2,310.19 | 222.36 |
| 2013-09-30 | 1,412.63 | 2,310.19 | 222.36 |
| 2013-06-30 | 1,268.22 | 2,326.93 | 195.96 |
| 2013-03-31 | 1,268.22 | 2,267.63 | 195.96 |
| 2012-12-31 | 1,225.17 | 2,888.78 | 185.12 |
| 2012-09-30 | 1,225.17 | 2,888.78 | 185.12 |
| 2012-06-30 | 1,075.63 | 2,496.71 | 103.55 |
- Shiva Texyarn's level of debt (178.8%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (163.9% vs 178.8% today).
- Debt is not well covered by operating cash flow (8.6%, less than 20% of total debt).
- Interest payments on debt are not well covered by earnings (EBIT is 1.5x annual interest expense, ideally 3x coverage).
X
Full details on the Health part of the Simply Wall St company analysis model.
Financial health checks
We assess Shiva Texyarn's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Shiva Texyarn has a total score of 1/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
511108 Dividends
What is Shiva Texyarn's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
1.22%
Current annual income from
Shiva Texyarn
dividends.
If you bought
₹2,000 of
Shiva Texyarn
shares you are expected to receive
₹24
in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you
can get in a
savings account?
It is up there with the
best dividend paying companies?
- Shiva Texyarn's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.51%).
- Shiva Texyarn's dividend is below the markets top 25% of dividend payers in India (1.95%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| India Luxury Industry Average Dividend Yield | Market Cap Weighted Average of 110 Stocks | 0.6% |
| India Market Average Dividend Yield | Market Cap Weighted Average of 1400 Stocks | 1.4% |
| India Minimum Threshold Dividend Yield | 10th Percentile | 0.3% |
| India Bottom 25% Dividend Yield | 25th Percentile | 0.5% |
| India Top 25% Dividend Yield | 75th Percentile | 2% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in ₹) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2018-08-29 | 1.600 | 0.839 |
| 2017-12-26 | 2.667 | 0.615 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- It is too early to tell whether Shiva Texyarn has stable dividend payments.
- Shiva Texyarn only just started paying a dividend, it is too early to tell if payments are increasing.
X
Full details on the Dividends part of the Simply Wall St company analysis model.
Income/ dividend checks
We assess Shiva Texyarn's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Shiva Texyarn afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Shiva Texyarn has a total score of 2/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
511108 Management
Management is one of the most important areas of a company. We look at
unreasonable CEO compensation, how long the team and board of directors have
been around for and insider trading.
CEO
Sangampalyam
Sundararaman
| COMPENSATION | ₹0 |
| AGE | 44 |
| TENURE AS CEO | 1.7 years |
CEO Bio
Mr. Sangampalyam Kandasami Sundararaman, MBA has been Managing Director of Shiva Texyarn Ltd since August 31, 2017. Mr. Sundararaman serves as the Head of Weaving Division & New Initiatives for Bannari Amman Spinning Mills Limited. He has 18 years of Business Experience and has wide experience in the field of Information Technology and Technical Education, especially in the field of Textile Technology. He has been an Independent Director of Shanthi Gears Ltd since February 6, 2018. Mr. Sundararaman has been Additional Independent Director of Pricol Ltd since May 30, 2018. He has been an Executive Director of Shiva Texyarn Ltd since August 13, 2012 and served as its Non Executive Director from May 2006 to August 13, 2012. He is a Non Executive Non Independent Director at Shiva Mills Limited. He served as Executive Director of Bannari Amman Spinning Mills Limited from June 27, 2005 to May 31, 2012. Previously he served as Director of Bannari Amman Spinning Mills Limited since May 24, 2004. He serves as Director of S K S Agencies Limited, Vedanayagam Hospital Limited, Abirami Ecoplast Private Limited, Sundar Ram Enterprise Private Limited, L K Distributors Private Limited, Abirami Distributors Private Limited, Indian Technical Textile Association. He holds an MBA from the Judge Institute of Management Studies, Cambridge University, UK.
CEO Compensation
- Sangampalyam's compensation has been consistent with company performance over the past year.
- Sangampalyam's remuneration is lower than average for companies of similar size in India.
Management Team Tenure
Average tenure and age of the Shiva Texyarn management team in years:
1.7
Average Tenure
44
Average Age
- The average tenure for the Shiva Texyarn management team is less than 2 years, this suggests a new team.
Management Team
Sangampalyam Sundararaman
TITLE
MD & Executive Director
AGE
44
TENURE
1.7 yrs
C. Krishnakumar
TITLE
Chief Financial Officer
AGE
40
TENURE
1.7 yrs
Daisy Mistri
TITLE
Chief Operating Officer
AGE
68
R. Srinivasan
TITLE
Company Secretary & Compliance Officer
AGE
44
TENURE
1.7 yrs
Naveen Sodhi
TITLE
Senior Vice President
AGE
64
M. Kumar
TITLE
Vice President
AGE
40
TENURE
3.4 yrs
S Sengottaiyan
TITLE
Deputy General Manager of Accounts
AGE
66
V Raghu Varma
TITLE
National Sales Manager
AGE
44
TENURE
3.7 yrs
P. Srijain
TITLE
General Manager of Prdouction & Marketing
AGE
43
K Venurajagopal
TITLE
Deputy General Manager of Human Resources
AGE
53
Board of Directors Tenure
Average tenure and age of the Shiva Texyarn board of directors in years:
10.9
Average Tenure
73
Average Age
- The average tenure for the Shiva Texyarn board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors
S. Alagappan
TITLE
Non Executive Chairman
AGE
76
Sangampalyam Sundararaman
TITLE
MD & Executive Director
AGE
44
TENURE
6.7 yrs
S. Palaniswami
TITLE
Non-Executive Independent Director
COMPENSATION
₹35K
AGE
75
TENURE
13.3 yrs
Kodumudi Narayanaswami Ramani
TITLE
Non-Executive Director
COMPENSATION
₹40K
AGE
87
TENURE
10.9 yrs
C. S. Prabhu
TITLE
Non-Executive Independent Director
COMPENSATION
₹35K
AGE
64
TENURE
10.9 yrs
S. Marusamy
TITLE
Non-Executive Independent Director
COMPENSATION
₹30K
AGE
73
TENURE
13.3 yrs
Kugalur Thillainathan
TITLE
Non-Executive Independent Director
COMPENSATION
₹25K
AGE
64
TENURE
13.3 yrs
S. Kandasami
TITLE
Additional Director
AGE
75
TENURE
1.7 yrs
S. Abirami
TITLE
Woman Director
AGE
39
TENURE
1.7 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (₹) | Value (₹) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 14. Mar 19 | Buy | Sundar Ram Enterprise Private Limited | Company | 25. Feb 19 | 12. Mar 19 | 6,996 | ₹148.26 | ₹1,037,215 | ||
X
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
Management checks
We assess Shiva Texyarn's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Shiva Texyarn has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
511108 Company Info
Description
Shiva Texyarn Limited manufactures and markets cotton yarn, and technical and other value added textile products in India. The company offers combed, carded, and compact yarns; slub and fancy yarns; quick dry products; quick fit products, including mattresses protectors; and baby products It also provides door, window, and shower curtains, as well as cushion covers; knitwear, light weight shells, fleece and pile fabrics, and breathable film laminated garments; and extreme cold weather clothing, super high altitude mountaineering clothing, extreme cold weather combat glove systems, and internal and external frame rucksacks. In addition, the company offers bedding range, such as sheets, duvet covets, and fleece blankets; kitchen articles comprising aprons, pot holders, and table cloths; and acrylic coated, PU coating products, and art canvas and digital canvas products. Further, it provides bags, such as camera, utility, long lens, tripod, and messenger bags, as well as storage accessories and lens hoods. Additionally, the company is also involved in the generation of wind power. The company operates windmills with an installed capacity of 18.145 MW. It also exports its products. Shiva Texyarn Limited was founded in 1980 and is based in Coimbatore, India.
Details
| Name: | Shiva Texyarn Limited |
| 511108 | |
| Exchange: | BSE |
| Founded: | 1980 |
| ₹1,776,539,816 | |
| 12,962,713 | |
| Website: | http://www.shivatex.in |
| Address: |
Shiva Texyarn Limited Sri Vari Kikani Center, 3A, 3rd Floor, Coimbatore, Tamil Nadu, 641002, India |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| BSE | 511108 | Equity Shares | Mumbai Stock Exchange | IN | INR | 26. Dec 2017 | |
| NSEI | SHIVTEX | Equity Shares | National Stock Exchange of India | IN | INR | 26. Dec 2017 |
Number of employees
Current staff
1,340
Shiva Texyarn
employees.
Industry
| Textiles | |
| Consumer Durables |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/24 13:04 |
| End of day share price update: | 2019/04/24 00:00 |
| Last earnings filing: | 2019/02/14 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/03/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
