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Shiva Texyarn

BSE:511108
Snowflake Description

Questionable track record unattractive dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
511108
BSE
₹2B
Market Cap
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Last updated 2019/02/19 13:41
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 5 days ago. More info.

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  • Shiva Texyarn has significant price volatility in the past 3 months.
511108 Share Price and Events
7 Day Returns
-15.5%
BSE:511108
-2.5%
IN Luxury
-2.1%
IN Market
1 Year Returns
-76.4%
BSE:511108
-8.9%
IN Luxury
-8.6%
IN Market
511108 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Shiva Texyarn (511108) -15.5% -36.5% -42.9% -76.4% - -
IN Luxury -2.5% -2% -3.9% -8.9% 47.6% 187.3%
IN Market -2.1% -4.5% -3.5% -8.6% 40.3% 78.7%
1 Year Return vs Industry and Market
  • 511108 underperformed the Luxury industry which returned -8.9% over the past year.
  • 511108 underperformed the Market in India which returned -8.6% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

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
  • It is not possible to calculate the future cash flow value for Shiva Texyarn. This is due to cash flow or dividend data being unavailable. The share price is ₹125.05.
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
BSE:511108 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹5.10
BSE:511108 Share Price ** BSE (2019-02-19) in INR ₹125.05
India Luxury Industry PE Ratio Median Figure of 237 Publicly-Listed Luxury Companies 11.54x
India Market PE Ratio Median Figure of 2,715 Publicly-Listed Companies 15.16x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Shiva Texyarn.

BSE:511108 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:511108 Share Price ÷ EPS (both in INR)

= 125.05 ÷ 5.10

 24.5x

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
BSE:511108 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 24.5x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts		 7.9%per year
India Luxury Industry PEG Ratio Median Figure of 27 Publicly-Listed Luxury Companies 1.09x
India Market PEG Ratio Median Figure of 606 Publicly-Listed Companies 1.1x

*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
BSE:511108 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹85.18
BSE:511108 Share Price * BSE (2019-02-19) in INR ₹125.05
India Luxury Industry PB Ratio Median Figure of 307 Publicly-Listed Luxury Companies 0.69x
India Market PB Ratio Median Figure of 3,587 Publicly-Listed Companies 1.04x
BSE:511108 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:511108 Share Price ÷ Book Value per Share (both in INR)

= 125.05 ÷ 85.18

 1.47x

* 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.
X
Value checks
We assess Shiva Texyarn's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
    5. 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

 How is Shiva Texyarn expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • 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!
Annual Growth Rate
7.9%
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
BSE:511108 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:511108 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 7.9%
India Luxury Industry Earnings Growth Rate Market Cap Weighted Average 18.3%
India Luxury Industry Revenue Growth Rate Market Cap Weighted Average 15%
India Market Earnings Growth Rate Market Cap Weighted Average 18.5%
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
BSE:511108 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:511108 Past Financials Data
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.

Super high growth metrics
High Growth Checks
  • Shiva Texyarn's earnings are expected to grow by 7.9% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Shiva Texyarn is high growth as no revenue estimate data is available.
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
BSE:511108 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month 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 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:511108 Past Financials Data
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.
X
Future performance checks
We assess Shiva Texyarn's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
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 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:511108 Past Revenue, Cash Flow and Net Income Data
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
2012-03-31 3,319.48 -194.24 223.28

*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
Past performance checks
We assess Shiva Texyarn's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
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.
Net Worth
  • 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 1 month ago.

BSE:511108 Past Debt and Equity Data
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
2012-03-31 1,075.63 2,878.07 103.55
  • 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
Financial health checks
We assess Shiva Texyarn's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
    7. Shiva Texyarn has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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
Dividend payments
1.28%
Current annual income from Shiva Texyarn dividends.
If you bought ₹2,000 of Shiva Texyarn shares you are expected to receive ₹26 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 (0.56%).
  • Shiva Texyarn's dividend is below the markets top 25% of dividend payers in India (2.12%).
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
BSE:511108 Annualized Past and Future Dividends
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 109 Stocks 0.7%
India Market Average Dividend Yield Market Cap Weighted Average of 1397 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:511108 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-08-29 1.600 0.767
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.
Current Payout to shareholders
What portion of Shiva Texyarn's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.2x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Shiva Texyarn's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. 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)
    7. 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

 What is the CEO of Shiva Texyarn's salary, the management and board of directors tenure and is there insider trading?

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 1.5 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:

1.5
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
1.5 yrs

C. Krishnakumar

TITLE
Chief Financial Officer
AGE
40
TENURE
1.5 yrs

Daisy Mistri

TITLE
Chief Operating Officer
AGE
68

R. Srinivasan

TITLE
Company Secretary & Compliance Officer
AGE
44
TENURE
1.5 yrs

Naveen Sodhi

TITLE
Senior Vice President
AGE
64

M. Kumar

TITLE
Vice President
AGE
40
TENURE
3.3 yrs

S Sengottaiyan

TITLE
Deputy General Manager of Accounts
AGE
66

V Raghu Varma

TITLE
National Sales Manager
AGE
44
TENURE
3.5 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:

10.8
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
6.5 yrs

S. Palaniswami

TITLE
Non-Executive Independent Director
COMPENSATION
₹35K
AGE
75
TENURE
13.2 yrs

Kodumudi Narayanaswami Ramani

TITLE
Non-Executive Director
COMPENSATION
₹40K
AGE
87
TENURE
10.8 yrs

C. S. Prabhu

TITLE
Non-Executive Independent Director
COMPENSATION
₹35K
AGE
64
TENURE
10.8 yrs

S. Marusamy

TITLE
Non-Executive Independent Director
COMPENSATION
₹30K
AGE
73
TENURE
13.2 yrs

Kugalur Thillainathan

TITLE
Non-Executive Independent Director
COMPENSATION
₹25K
AGE
64
TENURE
13.2 yrs

S. Kandasami

TITLE
Additional Director
AGE
75
TENURE
1.5 yrs

S. Abirami

TITLE
Woman Director
AGE
39
TENURE
1.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
23. Feb 18 Sell S. Kandasami Individual 23. Feb 18 23. Feb 18 -131,915 ₹543.11 ₹-71,644,973
X
Management checks
We assess Shiva Texyarn's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
    5. 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 News

Simply Wall St News

511108 Company Info

Map
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
₹1,620,339,125
12,962,713
Website: http://www.shivatex.co.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
Staff numbers
1,340
Shiva Texyarn employees.
Industry
Textiles
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/19 13:41
End of day share price update: 2019/02/19 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.

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