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Deepak Spinners

BSE:514030
Snowflake Description

Good value with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
514030
BSE
₹708M
Market Cap
  1. Home
  2. IN
  3. Consumer Durables
Company description

Deepak Spinners Limited manufactures and sells synthetic man made yarns in India. The last earnings update was 68 days ago. More info.


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514030 Share Price and Events
7 Day Returns
0.2%
BSE:514030
0.9%
IN Luxury
0.8%
IN Market
1 Year Returns
16.2%
BSE:514030
-3.2%
IN Luxury
-0.7%
IN Market
514030 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Deepak Spinners (514030) 0.2% 1.1% -1.8% 16.2% -0.8% 142.2%
IN Luxury 0.9% 1.6% 8.6% -3.2% 48.8% 161.5%
IN Market 0.8% 2.1% 5.8% -0.7% 41.2% 72.5%
1 Year Return vs Industry and Market
  • 514030 outperformed the Luxury industry which returned -3.2% over the past year.
  • 514030 outperformed the Market in India which returned -0.7% over the past year.
Price Volatility
514030
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Deepak Spinners 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 Deepak Spinners 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 Deepak Spinners.

BSE:514030 Discounted Cash Flow Data Sources
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 18.2%
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.

Calculation of Discount Rate/ Cost of Equity for BSE:514030
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))
= 0.729 (1 + (1- 35%) (132.81%))
1.24
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.24
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.24 * 8.6%)
18.22%

Discounted Cash Flow Calculation for BSE:514030 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Deepak Spinners 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.

BSE:514030 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 18.22%)
2019 106.74 Est @ 12.77% 90.29
2020 118.70 Est @ 11.2% 84.93
2021 130.69 Est @ 10.11% 79.11
2022 142.90 Est @ 9.34% 73.17
2023 155.48 Est @ 8.8% 67.34
2024 168.58 Est @ 8.43% 61.77
2025 182.35 Est @ 8.16% 56.52
2026 196.90 Est @ 7.98% 51.62
2027 212.36 Est @ 7.85% 47.10
2028 228.84 Est @ 7.76% 42.93
Present value of next 10 years cash flows ₹654.78
BSE:514030 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹228.84 × (1 + 7.55%) ÷ (18.22% – 7.55%)
₹2,307.51
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹2,307.51 ÷ (1 + 18.22%)10
₹432.90
BSE:514030 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹654.78 + ₹432.90
₹1,087.68
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹1,087.68 / 7.21
₹150.8
BSE:514030 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹150.80
Current discount Discount to share price of ₹98.20
= -1 x (₹98.20 - ₹150.80) / ₹150.80
34.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Deepak Spinners is available for.
Intrinsic value
35%
Share price is ₹98.2 vs Future cash flow value of ₹150.8
Current Discount Checks
For Deepak Spinners to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Deepak Spinners's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Deepak Spinners's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 Deepak Spinners's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Deepak Spinners's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:514030 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹16.86
BSE:514030 Share Price ** BSE (2019-04-18) in INR ₹98.2
India Luxury Industry PE Ratio Median Figure of 240 Publicly-Listed Luxury Companies 12.25x
India Market PE Ratio Median Figure of 2,738 Publicly-Listed Companies 16.33x

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

** Primary Listing of Deepak Spinners.

BSE:514030 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:514030 Share Price ÷ EPS (both in INR)

= 98.2 ÷ 16.86

5.83x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Deepak Spinners is good value based on earnings compared to the IN Luxury industry average.
  • Deepak Spinners is good value based on earnings compared to the India market.
Price based on expected Growth
Does Deepak Spinners's expected growth come at a high price?
Raw Data
BSE:514030 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.83x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
3.1%per year
India Luxury Industry PEG Ratio Median Figure of 25 Publicly-Listed Luxury Companies 1.55x
India Market PEG Ratio Median Figure of 584 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 Deepak Spinners, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Deepak Spinners's assets?
Raw Data
BSE:514030 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹174.55
BSE:514030 Share Price * BSE (2019-04-18) in INR ₹98.2
India Luxury Industry PB Ratio Median Figure of 311 Publicly-Listed Luxury Companies 0.74x
India Market PB Ratio Median Figure of 3,628 Publicly-Listed Companies 1.11x
BSE:514030 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:514030 Share Price ÷ Book Value per Share (both in INR)

= 98.2 ÷ 174.55

0.56x

* Primary Listing of Deepak Spinners.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Deepak Spinners is good value based on assets compared to the IN Luxury industry average.
X
Value checks
We assess Deepak Spinners'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. Deepak Spinners has a total score of 4/6, 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.

Future Performance

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

  • No analysts cover Deepak Spinners, 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
3.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Deepak Spinners expected to grow at an attractive rate?
  • Deepak Spinners's earnings growth is positive but not above the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Deepak Spinners's earnings growth is positive but not above the India market average.
  • Unable to compare Deepak Spinners's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:514030 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:514030 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 3.1%
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 18.5%
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:514030 Analysts Growth Expectations Data Sources
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 numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:514030 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 4,783 121
2018-09-30 4,783 96
2018-06-30 4,386 75
2018-03-31 4,422 402 57
2017-12-31 4,349 69
2017-09-30 4,070 40
2017-06-30 4,294 47
2017-03-31 4,110 214 63
2016-12-31 3,957 94
2016-09-30 4,158 164
2016-06-30 4,066 156
2016-03-31 4,009 446 157

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Deepak Spinners's earnings are expected to grow by 3.1% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Deepak Spinners 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:514030 Past and Future Earnings per Share
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 Deepak Spinners Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:514030 Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 16.86
2018-09-30 13.41
2018-06-30 10.49
2018-03-31 7.93
2017-12-31 9.63
2017-09-30 5.52
2017-06-30 6.49
2017-03-31 8.71
2016-12-31 13.09
2016-09-30 22.85
2016-06-30 21.68
2016-03-31 21.81

*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 Deepak Spinners will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Deepak Spinners'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.
Deepak Spinners has a total score of 0/6, 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.

Past Performance

  How has Deepak Spinners 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 Deepak Spinners'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.
  • Deepak Spinners's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Deepak Spinners's 1-year earnings growth exceeds its 5-year average (75.1% vs -6.9%)
  • Deepak Spinners's earnings growth has exceeded the IN Luxury industry average in the past year (75.1% vs 14.8%).
Earnings and Revenue History
Deepak Spinners'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 Deepak Spinners Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:514030 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 4,783.44 121.25 509.91
2018-09-30 4,782.74 96.45 499.01
2018-06-30 4,385.94 75.45 491.91
2018-03-31 4,421.54 57.05 481.71
2017-12-31 4,348.94 69.26 469.23
2017-09-30 4,070.04 39.66 456.23
2017-06-30 4,293.85 46.65 450.72
2017-03-31 4,109.87 62.62 442.52
2016-12-31 3,956.75 94.12 446.38
2016-09-30 4,158.05 164.32 435.88
2016-06-30 4,066.10 155.80 424.00
2016-03-31 4,009.05 156.82 414.69
2015-12-31 4,185.34 149.23 494.02
2015-09-30 4,239.44 123.83 486.92
2015-06-30 4,324.50 101.20 383.70
2015-03-31 4,345.74 89.23 374.08
2014-12-31 4,263.81 38.10 428.75
2014-09-30 4,229.61 50.80 418.15
2014-06-30 4,192.80 91.10 327.80
2014-03-31 3,922.11 115.10 386.51
2013-12-31 3,690.90 171.12 366.29
2013-03-31 3,074.53 129.92 306.65

*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.
  • Deepak Spinners has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Deepak Spinners used its assets more efficiently than the IN Luxury industry average last year based on Return on Assets.
  • Deepak Spinners's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Deepak Spinners'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.
Deepak Spinners has a total score of 3/6, 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.

Health

 How is Deepak Spinners'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 Deepak Spinners's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Deepak Spinners is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Deepak Spinners's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Deepak Spinners'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 covered by short term assets, assets are 1.3x 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 Deepak Spinners Company Filings, last reported 3 months ago.

BSE:514030 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,256.30 940.70 15.90
2018-09-30 1,256.30 940.70 15.90
2018-06-30 1,172.98 1,282.21 7.35
2018-03-31 1,172.98 1,282.21 7.35
2017-12-31 1,156.60 1,178.70 41.70
2017-09-30 1,156.60 1,178.70 41.70
2017-06-30 1,113.24 1,499.27 6.36
2017-03-31 1,112.92 1,499.27 4.81
2016-12-31 1,116.60 1,187.90 13.20
2016-09-30 1,116.60 1,187.90 13.20
2016-06-30 1,051.40 1,370.90 19.80
2016-03-31 1,051.38 1,509.04 19.83
2015-12-31 969.50 1,008.40 6.70
2015-09-30 969.50 1,008.40 6.70
2015-06-30 911.90 1,062.20 2.90
2015-03-31 911.87 1,211.52 2.87
2014-12-31 833.30 1,205.50 10.40
2014-09-30 833.30 1,205.50 10.40
2014-06-30 822.60 1,222.10 7.20
2014-03-31 822.64 1,380.75 7.22
2013-12-31 794.90 1,232.20 10.80
2013-03-31 707.54 1,182.12 16.84
  • Deepak Spinners's level of debt (74.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (155.2% vs 74.9% today).
  • Debt is well covered by operating cash flow (42.7%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 3x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Deepak Spinners'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. Deepak Spinners has a total score of 4/6, 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.

Dividends

 What is Deepak Spinners'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
0%
Current annual income from Deepak Spinners dividends.
If you bought ₹2,000 of Deepak Spinners shares you are expected to receive ₹0 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?
  • Unable to evaluate Deepak Spinners's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Deepak Spinners's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:514030 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 110 Stocks 0.6%
India Market Average Dividend Yield Market Cap Weighted Average of 1400 Stocks 1.3%
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 1.9%

Industry and Market average data is calculated daily.

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

BSE:514030 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-05-28 0.000 0.000
2018-02-14 0.000 0.000
2017-12-13 0.000 0.000
2017-09-14 0.000 0.000
2017-08-08 0.000 0.000
2017-05-22 0.000 0.000
2016-03-17 2.000 2.054
2009-04-21 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Deepak Spinners has not reported any payouts.
  • Unable to verify if Deepak Spinners's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Deepak Spinners's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Deepak Spinners has not reported any payouts.
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 Deepak Spinners'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 Deepak Spinners afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Deepak Spinners has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Deepak Spinners'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
Pradip Daga
COMPENSATION ₹7,702,680
AGE 81
TENURE AS CEO 9 years
CEO Bio

Mr. Pradip Kumar Daga, B.Com. (Hons), has been Managing Director of Deepak Spinners Limited since April 16, 2010. Mr. Daga serves as the Chairman and Managing Director of Deepak Industries Ltd. Mr. Daga serves as the Chairman of Deepak Spinners Ltd., and Longview Tea Company Ltd. Mr. Daga has substantial experience as director of leading companies. He is an Industrialist. He has been an Independent Non Executive Director of Century Textiles & Industries Ltd., since June 4, 1963 and Continental Profiles Ltd., since March 1965. Mr. Daga has been a Non-Executive Director of Deepak Spinners Limited since March 25, 1992. He serves as a Non-Independent & Non-Executive Director at Longview Tea Company Ltd. He serves as a Director of Deepak Gears Ltd., Deepak Industries Ltd., Govind Sugar Mills Limited and Gillette India Ltd. He served as a Director of Gobind Sugar Mills Limited until January 2012. He is a Commerce Graduate.

CEO Compensation
  • Pradip's compensation has increased by more than 20% in the past year.
  • Pradip's remuneration is higher than average for companies of similar size in India.
Management Team

Pradip Daga

TITLE
Chairman & MD
COMPENSATION
₹8M
AGE
81
TENURE
9 yrs

S. Sharda

TITLE
President & CFO
COMPENSATION
₹4M

Puneeta Arora

TITLE
Company Secretary & Compliance Officer
COMPENSATION
₹774K

P. Sharma

TITLE
Assistant Vice President of Accounts

M. Shekhawat

TITLE
Vice President of Sales

Sudesh Tiwari

TITLE
Senior Vice President of Works - Baddi Works

S. Thakur

TITLE
Senior Vice President of Engineering - Baddi Works

R. Rana

TITLE
Chief Operating Officer of Guna Works

Shantanu Daga

TITLE
Senior Management Executive
COMPENSATION
₹2M
Board of Directors Tenure

Average tenure and age of the Deepak Spinners board of directors in years:

8.7
Average Tenure
63
Average Age
  • The tenure for the Deepak Spinners board of directors is about average.
Board of Directors

Pradip Daga

TITLE
Chairman & MD
COMPENSATION
₹8M
AGE
81

Yashwant Daga

TITLE
Non-Executive Director
COMPENSATION
₹305K
AGE
57
TENURE
21.2 yrs

Pradeep Drolia

TITLE
Independent Non-Executive Director
COMPENSATION
₹333K
AGE
63
TENURE
13.4 yrs

Binod Agrawal

TITLE
Independent Non-Executive Director
COMPENSATION
₹103K
TENURE
2 yrs

Nilu Agrawal

TITLE
Non-Executive Independent Director
COMPENSATION
₹265K
TENURE
4 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Deepak Spinners insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
26. Feb 19 Buy Pradip Daga Individual 21. Feb 19 21. Feb 19 7,300 ₹96.99 ₹708,000
01. Feb 19 Buy Pradip Daga Individual 29. Jan 19 31. Jan 19 8,000 ₹96.67 ₹766,090
10. Jan 19 Buy Pradip Daga Individual 07. Jan 19 08. Jan 19 4,000 ₹93.00 ₹370,380
29. Jun 18 Buy Pradip Daga Individual 28. Jun 18 28. Jun 18 3,050 ₹69.15 ₹210,908
28. Jun 18 Buy Pradip Daga Individual 25. Jun 18 27. Jun 18 21,218 ₹74.73 ₹1,527,655
26. Jun 18 Buy Pradip Daga Individual 21. Jun 18 22. Jun 18 10,000 ₹72.90 ₹725,918
X
Management checks
We assess Deepak Spinners'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. Deepak Spinners 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.

News

Simply Wall St News

Company Info

Description

Deepak Spinners Limited manufactures and sells synthetic man made yarns in India. The company offers polyester, acrylic, viscose, and high bulk acrylic yarns/high bulk poly-acrylic yarns, as well as polyester viscose and acrylic blends, carpet pile yarns–acrylic and line blends with poly-viscose, and trilobal/polyester blends. It is also involved in the generation and sale of electricity from solar power plant. The company also exports its yarn products to Syria, the Middle East, Turkey, Belgium, the United States, and others. Deepak Spinners Limited was incorporated in 1982 and is based in Kolkata, India.

Details
Name: Deepak Spinners Limited
514030
Exchange: BSE
Founded: 1982
₹708,303,637
7,212,868
Website: http://www.dsl-india.com
Address: Deepak Spinners Limited
16, Hare Street,
Kolkata,
West Bengal, 700001,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 514030 Equity Shares Mumbai Stock Exchange IN INR 02. Jan 2002
Number of employees
Current staff
Staff numbers
2,747
Deepak Spinners employees.
Industry
Textiles
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/20 12:37
End of day share price update: 2019/04/18 00:00
Last earnings filing: 2019/02/11
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.