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Loyal Textile Mills

BSE:514036
Snowflake Description

Mediocre balance sheet second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
514036
BSE
₹2B
Market Cap
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Last updated 2019/02/22 12:45
Company description

Loyal Textile Mills Limited provides yarn, woven fabric, knitted fabric, and technical clothing and services for the textile and apparel industries primarily in India. The last earnings update was 195 days ago. More info.

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  • Loyal Textile Mills has significant price volatility in the past 3 months.
514036 Share Price and Events
7 Day Returns
5.5%
BSE:514036
-1.5%
IN Luxury
-0.1%
IN Market
1 Year Returns
-34.7%
BSE:514036
-8.5%
IN Luxury
-7.5%
IN Market
514036 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Loyal Textile Mills (514036) 5.5% -7.3% -15.8% -34.7% -13.9% 139.7%
IN Luxury -1.5% -1.2% -2.7% -8.5% 54.7% 184.5%
IN Market -0.1% -3.2% -1.7% -7.5% 46.6% 79.6%
1 Year Return vs Industry and Market
  • 514036 underperformed the Luxury industry which returned -8.5% over the past year.
  • 514036 underperformed the Market in India which returned -7.5% over the past year.
Price Volatility
514036
Industry
5yr Volatility vs Market

Value

 Is Loyal Textile Mills 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 Loyal Textile Mills 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    Our calculation method for this is changing soon.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Loyal Textile Mills.

BSE:514036 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 19.3%
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:514036
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 7.5%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.57
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.573 (1 + (1- 35%) (268.64%)) 		1.574
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)		 1.57
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.574 * 7.45%) 		19.28%

Discounted Cash Flow Calculation for BSE:514036 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Loyal Textile Mills is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

BSE:514036 DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (INR, Millions) 261.05 246.90 233.52 220.86 208.89
Source Est @ -5.42% Est @ -5.42% Est @ -5.42% Est @ -5.42% Est @ -5.42%
Present Value
Discounted (@ 19.28%) 		218.86 173.54 137.61 109.11 86.52
Present value of next 5 years cash flows ₹725.63
BSE:514036 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= ₹208.89 × (1 + 7.55%) ÷ (19.28% – 7.55%) 		₹1,915.55
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= ₹1,915.55 ÷ (1 + 19.28%)5 		₹793.40
BSE:514036 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= ₹725.63 + ₹793.40 		₹1,519.03
Equity Value per Share
(INR)		 = Total value / Shares Outstanding
= ₹1,519.03 / 4.82 		₹315.38
BSE:514036 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹315.38
Current discount Discount to share price of ₹421.80
= -1 x (₹421.80 - ₹315.38) / ₹315.38 		-33.7%

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

  • The current share price of Loyal Textile Mills 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 Loyal Textile Mills's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Loyal Textile Mills's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:514036 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-03-31) in INR ₹52.59
BSE:514036 Share Price ** BSE (2019-02-22) in INR ₹421.8
India Luxury Industry PE Ratio Median Figure of 236 Publicly-Listed Luxury Companies 11.68x
India Market PE Ratio Median Figure of 2,709 Publicly-Listed Companies 15.3x

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

** Primary Listing of Loyal Textile Mills.

BSE:514036 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:514036 Share Price ÷ EPS (both in INR)

= 421.8 ÷ 52.59

 8.02x

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

  • Loyal Textile Mills is good value based on earnings compared to the IN Luxury industry average.
  • Loyal Textile Mills is good value based on earnings compared to the India market.
Price based on expected Growth
Does Loyal Textile Mills's expected growth come at a high price?
Raw Data
BSE:514036 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.02x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts		 -1.4%per year
India Luxury Industry PEG Ratio Median Figure of 27 Publicly-Listed Luxury Companies 0.97x
India Market PEG Ratio Median Figure of 604 Publicly-Listed Companies 1.15x

*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 Loyal Textile Mills, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Loyal Textile Mills's assets?
Raw Data
BSE:514036 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-03-31) in INR ₹429.61
BSE:514036 Share Price * BSE (2019-02-22) in INR ₹421.8
India Luxury Industry PB Ratio Median Figure of 306 Publicly-Listed Luxury Companies 0.71x
India Market PB Ratio Median Figure of 3,588 Publicly-Listed Companies 1.04x
BSE:514036 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:514036 Share Price ÷ Book Value per Share (both in INR)

= 421.8 ÷ 429.61

 0.98x

* Primary Listing of Loyal Textile Mills.

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

  • Loyal Textile Mills is overvalued based on assets compared to the IN Luxury industry average.
X
Value checks
We assess Loyal Textile Mills'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. Loyal Textile Mills has a total score of 2/6, 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 Loyal Textile Mills expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Loyal Textile Mills, 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
-1.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Loyal Textile Mills expected to grow at an attractive rate?
  • Loyal Textile Mills's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Loyal Textile Mills's earnings are expected to decrease over the next 1-3 years, this is below the India market average.
  • Unable to compare Loyal Textile Mills's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:514036 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:514036 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -1.4%
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:514036 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (10 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:514036 Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
BSE:514036 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-03-31 11,588 1,155 253
2017-03-31 11,365 741 251
2016-03-31 11,585 1,756 269

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Loyal Textile Mills's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Loyal Textile Mills 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:514036 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (10 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Loyal Textile Mills Company Filings, last reported 10 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:514036 Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
BSE:514036 Past Financials Data
Date (Data in INR Millions) EPS *
2018-03-31 52.59
2017-03-31 52.09
2016-03-31 55.85

*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 Loyal Textile Mills will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Loyal Textile Mills'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.
Loyal Textile Mills 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 Loyal Textile Mills performed over the past 5 years?

  • Loyal Textile Mills's last earnings update was 195 days ago.
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 Loyal Textile Mills'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.
  • Loyal Textile Mills has delivered over 20% year on year earnings growth in the past 5 years.
  • Loyal Textile Mills's 1-year earnings growth is less than its 5-year average (1% vs 22.9%)
  • Loyal Textile Mills's earnings growth has not exceeded the IN Luxury industry average in the past year (1% vs 14.1%).
Earnings and Revenue History
Loyal Textile Mills'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 Loyal Textile Mills Company Filings, last reported 10 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:514036 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-03-31 11,588.20 253.30 930.70
2017-03-31 11,364.90 250.90 911.70
2016-03-31 11,584.90 269.00 934.80
2015-03-31 14,066.50 158.30 847.00
2014-12-31 14,310.40 101.60 1,500.40
2014-09-30 14,767.00 135.60 1,488.10
2014-06-30 15,769.90 173.60 780.50
2014-03-31 16,052.80 197.00 1,455.60
2013-12-31 16,054.30 141.30 1,434.60
2013-09-30 15,127.00 110.70 1,395.40
2013-06-30 13,547.00 106.50 635.30
2013-03-31 12,523.20 50.40 1,232.30
2012-12-31 10,581.30 22.20 1,030.60
2012-09-30 9,279.30 -24.20 986.60
2012-06-30 8,631.10 -42.60 496.20
2012-03-31 9,105.90 -19.40 938.80

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

Health

 How is Loyal Textile Mills'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 Loyal Textile Mills's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Loyal Textile Mills's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Loyal Textile Mills's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Loyal Textile Mills'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 1x 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 Loyal Textile Mills Company Filings, last reported 10 months ago.

BSE:514036 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-03-31 2,069.20 5,204.70 54.50
2017-03-31 1,879.30 5,599.30 69.90
2016-03-31 1,628.60 5,128.40 230.30
2015-03-31 1,410.40 5,637.50 164.80
2014-12-31 1,239.40 4,852.10 108.50
2014-09-30 1,239.40 4,852.10 108.50
2014-06-30 1,265.60 5,142.20 31.20
2014-03-31 1,265.70 5,833.80 105.10
2013-12-31 1,201.80 6,051.50 138.80
2013-09-30 1,201.80 6,051.50 138.80
2013-06-30 1,110.90 5,990.40 8.90
2013-03-31 1,110.90 6,045.80 158.80
2012-12-31 1,119.20 6,735.60 235.90
2012-09-30 1,119.20 6,735.60 235.90
2012-06-30 1,094.40 6,642.20 328.00
2012-03-31 1,088.80 6,642.20 413.40
  • Loyal Textile Mills's level of debt (251.5%) 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 (544.2% vs 251.5% today).
  • Debt is well covered by operating cash flow (22.2%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.3x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Loyal Textile Mills'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. Loyal Textile Mills has a total score of 3/6, 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 Loyal Textile Mills'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
1.19%
Current annual income from Loyal Textile Mills dividends.
If you bought ₹2,000 of Loyal Textile Mills 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?
  • Loyal Textile Mills's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.56%).
  • Loyal Textile Mills's dividend is below the markets top 25% of dividend payers in India (2.08%).
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:514036 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:514036 Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
BSE:514036 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-08-13 5.000 1.053
2018-05-25 5.000 0.930
2017-05-29 10.000 1.488
2016-09-15 10.000 1.516
2016-05-27 10.000 1.670
2015-05-29 7.500 1.663
2014-09-12 7.500 2.870
2014-05-26 7.500 2.687
2013-10-07 5.000 2.895
2012-08-08 1.000 0.619
2012-05-15 1.000 0.625
2011-10-14 13.900 7.570
2011-02-10 20.000 7.657
2010-05-25 3.000 1.245
2010-01-15 0.000 0.000
2009-10-15 0.000 0.000
2009-07-20 0.000 0.000
2009-06-01 0.000 0.000
2009-05-21 0.000 0.000
2009-02-24 3.900 6.241

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Loyal Textile Mills's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (10.5x 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 Loyal Textile Mills'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 Loyal Textile Mills afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
    7. Loyal Textile Mills has a total score of 3/6, 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 Loyal Textile Mills'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
A. Velliangiri
COMPENSATION ₹0
AGE 68
TENURE AS CEO 0.9 years
CEO Bio

Mr. A. Velliangiri, B.Com., FCA, FCS, FICWA, MBA, DMA (ICA) served as the Deputy Managing Director of Tamil Nadu Newsprint and Papers Ltd. from December 19, 2007 to March 29, 2018 and served as its Secretary since May 25, 1995. Mr. Velliangiri served as the Chief Financial Officer of Tamil Nadu Newsprint and Papers Ltd until March 29, 2018 and served as its Compliance Officer. Mr. Velliangiri has 35 years of experience in Finance, Accounts, Costing, Projects, Secretarial & Legal. He served as a Director of Finance at Tamil Nadu Newsprint and Papers Ltd. since May 25, 1995. Mr. Velliangiri serves as an Executive Director of Tamil Nadu Newsprint and Papers Ltd. He is the winner of CFO Awards 2006 – Excellence in Finance in a PSU instituted by IMA India, New Delhi. He holds B.Com., FCA, FCS, FICWA, MBA, DMA (ICA).

CEO Compensation
  • Insufficient data for A. to compare compensation growth.
  • A.'s remuneration is lower than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Loyal Textile Mills management team in years:

1.2
Average Tenure
57
Average Age
  • The average tenure for the Loyal Textile Mills management team is less than 2 years, this suggests a new team.
Management Team

Valli Ramaswami

TITLE
Chairperson & Whole Time Director
COMPENSATION
₹1M
AGE
57

A. Velliangiri

TITLE
Chief Executive Officer
AGE
68
TENURE
0.9 yrs

K. Ganapathi

TITLE
Chief Financial Officer
TENURE
1.5 yrs

P. Manivannan

TITLE
Whole-Time Director
COMPENSATION
₹2M
AGE
57

M. Manivannan

TITLE
Senior Vice President of Operations
TENURE
8.8 yrs

P. Mahadevan

TITLE
Company Secretary & Compliance Officer
TENURE
0.7 yrs
Board of Directors Tenure

Average tenure and age of the Loyal Textile Mills board of directors in years:

1.4
Average Tenure
62
Average Age
  • The average tenure for the Loyal Textile Mills board of directors is less than 3 years, this suggests a new board.
Board of Directors

Valli Ramaswami

TITLE
Chairperson & Whole Time Director
COMPENSATION
₹1M
AGE
57
TENURE
0.8 yrs

P. Manivannan

TITLE
Whole-Time Director
COMPENSATION
₹2M
AGE
57
TENURE
10.3 yrs

R. Poornalingam

TITLE
Independent Non-Executive Director
COMPENSATION
₹280K
AGE
73
TENURE
12.3 yrs

Maniedath Nambiar

TITLE
Independent Non-Executive Director
COMPENSATION
₹300K
AGE
68
TENURE
6.8 yrs

Vijayalakshmi Rao

TITLE
Independent Director
COMPENSATION
₹160K
AGE
58
TENURE
1.4 yrs

B. Bangera

TITLE
Independent Director
COMPENSATION
₹250K
AGE
76
TENURE
1.4 yrs

B. Vaidyanathan

TITLE
Non-Executive Director
COMPENSATION
₹150K
AGE
62
TENURE
1.2 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 (₹)
X
Management checks
We assess Loyal Textile Mills'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. Loyal Textile Mills 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

Map
Description

Loyal Textile Mills Limited provides yarn, woven fabric, knitted fabric, and technical clothing and services for the textile and apparel industries primarily in India. The company operates through two segments, Manufacturing and Trading. It manufactures and sells various raw white, melange, and specialty yarns. The company also offers cotton, polyester blended, modal/technical blended, viscose, and elastane fabrics; and protective graments, work wear, corporate garments, and hospital garments, including long coats, pants, shirts, shorts, polos, bermudas, scrub tops, fleeces, waist coats, trousers, jackets, coveralls, coats, and aprons. In addition, it is involved in designing and lining bed linen and bathing items, as well as upholstery, such as flat and fitted pillows, shams, duvets, comfort shells, bed skirts, shower curtains, and sofa covers; and processes organic cotton. The company also exports its products to Asia, Europe, the Middle East, Africa, and internationally. Loyal Textile Mills Limited was incorporated in 1946 and is based in Chennai, India.

Details
Name: Loyal Textile Mills Limited
514036
Exchange: BSE
Founded: 1946
₹1,937,415,403
4,816,446
Website: http://www.loyaltextiles.com
Address: Loyal Textile Mills Limited
No.83, 1st Main Road,
R.A. Puram,
Chennai,
Tamil Nadu, 600028,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 514036 Equity Shares Mumbai Stock Exchange IN INR 11. Jan 2002
Number of employees
Current staff
Staff numbers
0
Loyal Textile Mills employees.
Industry
Textiles
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/22 12:45
End of day share price update: 2019/02/22 00:00
Last estimates confirmation: 2017/05/29
Last earnings filing: 2018/08/11
Last earnings reported: 2018/03/31
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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