BSE:514138

Stock Analysis Report

Suryalata Spinning Mills

Executive Summary

Suryalata Spinning Mills Limited manufactures and sells synthetic yarns in India.


Snowflake Analysis

Solid track record and good value.

Share Price & News

How has Suryalata Spinning Mills's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 514138 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-6.4%

514138

-4.4%

IN Luxury

-3.5%

IN Market


1 Year Return

-18.3%

514138

12.8%

IN Luxury

5.2%

IN Market

Return vs Industry: 514138 underperformed the Indian Luxury industry which returned 12.8% over the past year.

Return vs Market: 514138 underperformed the Indian Market which returned 5.2% over the past year.


Shareholder returns

514138IndustryMarket
7 Day-6.4%-4.4%-3.5%
30 Day-4.8%-1.4%-3.9%
90 Day-4.0%6.0%-2.1%
1 Year-17.3%-18.3%13.5%12.8%7.2%5.2%
3 Year-36.1%-38.2%45.8%44.0%18.9%12.4%
5 Year-34.7%-38.7%97.3%93.7%29.4%17.7%

Price Volatility Vs. Market

How volatile is Suryalata Spinning Mills's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Suryalata Spinning Mills undervalued compared to its fair value and its price relative to the market?

11.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 514138 (₹100.95) is trading below our estimate of fair value (₹113.94)

Significantly Below Fair Value: 514138 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: 514138 is good value based on its PE Ratio (3x) compared to the Luxury industry average (10.6x).

PE vs Market: 514138 is good value based on its PE Ratio (3x) compared to the Indian market (13x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 514138's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 514138 is good value based on its PB Ratio (0.4x) compared to the IN Luxury industry average (0.5x).


Next Steps

Future Growth

How is Suryalata Spinning Mills forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.7%

Forecasted Consumer Durables industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Suryalata Spinning Mills has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Suryalata Spinning Mills performed over the past 5 years?

3.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 514138 has high quality earnings.

Growing Profit Margin: 514138's current net profit margins (3.7%) are higher than last year (2.8%).


Past Earnings Growth Analysis

Earnings Trend: 514138's earnings have grown by 3.2% per year over the past 5 years.

Accelerating Growth: 514138's earnings growth over the past year (38.6%) exceeds its 5-year average (3.2% per year).

Earnings vs Industry: 514138 earnings growth over the past year (38.6%) exceeded the Luxury industry 6.4%.


Return on Equity

High ROE: 514138's Return on Equity (12.1%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Suryalata Spinning Mills's financial position?


Financial Position Analysis

Short Term Liabilities: 514138's short term assets (₹675.4M) exceed its short term liabilities (₹513.3M).

Long Term Liabilities: 514138's short term assets (₹675.4M) do not cover its long term liabilities (₹1.1B).


Debt to Equity History and Analysis

Debt Level: 514138's debt to equity ratio (89.8%) is considered high.

Reducing Debt: 514138's debt to equity ratio has reduced from 160.1% to 89.8% over the past 5 years.

Debt Coverage: 514138's debt is well covered by operating cash flow (31.7%).

Interest Coverage: 514138's interest payments on its debt are well covered by EBIT (3.5x coverage).


Balance Sheet

Inventory Level: 514138 has a high level of physical assets or inventory.

Debt Coverage by Assets: 514138's debt is not covered by short term assets (assets are 0.6x debt).


Next Steps

Dividend

What is Suryalata Spinning Mills's current dividend yield, its reliability and sustainability?

1.78%

Current Dividend Yield


Dividend Yield vs Market

company1.8%marketbottom25%0.6%markettop25%2.7%industryaverage0.7%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: 514138's dividend (1.78%) is higher than the bottom 25% of dividend payers in the Indian market (0.61%).

High Dividend: 514138's dividend (1.78%) is low compared to the top 25% of dividend payers in the Indian market (2.67%).


Stability and Growth of Payments

Stable Dividend: 514138 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 514138 has only been paying a dividend for 9 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (5.3%), 514138's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.5yrs

Average management tenure


CEO

Mahender Agarwal (55yo)

9.4yrs

Tenure

₹3,898,744

Compensation

Mr. Mahender Kumar Agarwal has been Joint Managing Director of Suryalata Spinning Mills since September 23, 2010 and has been its Executive Director since March 31, 1991. Mr. Agarwal served as Company sec ...


CEO Compensation Analysis

Compensation vs Market: Mahender's total compensation ($USD54.47K) is about average for companies of similar size in the Indian market ($USD50.10K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Mahender Agarwal
Joint MD & Executive Director9.4yrs₹3.90m33.7% 145.2m
Vithaldas Agarwal
MD & Executive Director0yrs₹3.30m19.19% 82.7m
Kommineni Rao
Chief Financial Officer5.5yrs₹2.67mno data
Madhavi Agarwal
Whole-Time Director5.8yrs₹2.47m17.47% 75.2m
Kapil Pandit
Chief General Manager of Urukondapet Unit1.6yrsno datano data
Anil Rai
Technical Manager0yrsno datano data
Venkata Nadupuru
Company Secretary & Compliance Officer0.08yrsno datano data
R. Rao
General Manager of Sales0yrsno datano data
D. V. Reddy
General Manager of HR and P&A0yrsno datano data

3.5yrs

Average Tenure

55yo

Average Age

Experienced Management: 514138's management team is considered experienced (3.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Mahender Agarwal
Joint MD & Executive Director9.4yrs₹3.90m33.7% 145.2m
Vithaldas Agarwal
MD & Executive Director0yrs₹3.30m19.19% 82.7m
Madhavi Agarwal
Whole-Time Director5.8yrs₹2.47m17.47% 75.2m
Ramasahayam Reddy
Independent Chairman of the Board0yrs₹38.00k0.084% 363.4k
Konda Reddy
Non-Executive Independent Director19.8yrs₹25.00kno data
Kethireddy Reddy
Non-Executive Independent Director9.1yrs₹44.00kno data

14.4yrs

Average Tenure

68.5yo

Average Age

Experienced Board: 514138's board of directors are seasoned and experienced ( 14.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Suryalata Spinning Mills Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Suryalata Spinning Mills Limited
  • Ticker: 514138
  • Exchange: BSE
  • Founded: 1983
  • Industry: Textiles
  • Sector: Consumer Durables
  • Market Cap: ₹430.754m
  • Shares outstanding: 4.27m
  • Website: https://www.suryalata.com

Number of Employees


Location

  • Suryalata Spinning Mills Limited
  • Surya Towers
  • 1st Floor
  • Secunderabad
  • Andhra Pradesh
  • 500003
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
514138BSE (Mumbai Stock Exchange)YesEquity SharesININRFeb 2002

Biography

Suryalata Spinning Mills Limited manufactures and sells synthetic yarns in India. The company offers a range of synthetic ring spun yarns, including polyester and viscose spun yarns, polyester/viscose blended yarns, polyester sewing threads, and melange yarns, as well as specialized yarns, including slub, fancy, and micro yarns. Its products are used for knitting, weaving, and technical applications. The company also exports its products to Argentina, Bangladesh, Brazil, Canada, Indonesia, Korea, Mexico, Peru, Portugal, Spain, Switzerland, Taiwan, Turkey, the United States, and the United Kingdom. Suryalata Spinning Mills Limited was founded in 1983 and is based in Secunderabad, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/27 12:45
End of Day Share Price2020/02/26 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.