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Suryalata Spinning Mills

BSE:514138
Snowflake Description

Undervalued with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
514138
BSE
₹578M
Market Cap
  1. Home
  2. IN
  3. Consumer Durables
Company description

Suryalata Spinning Mills Limited manufactures and sells synthetic yarns in India. The last earnings update was 66 days ago. More info.


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514138 Share Price and Events
7 Day Returns
0%
BSE:514138
0.9%
IN Luxury
0.8%
IN Market
1 Year Returns
-3%
BSE:514138
-3.2%
IN Luxury
-0.7%
IN Market
514138 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Suryalata Spinning Mills (514138) 0% 0.3% 6.3% -3% 33% 132%
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
  • 514138 underperformed the Market in India which returned -0.7% over the past year.
Price Volatility
514138
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Suryalata Spinning 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 Suryalata Spinning 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

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

BSE:514138 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 19.8%
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:514138
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%) (189.11%))
1.419
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.42
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.419 * 8.6%)
19.75%

Discounted Cash Flow Calculation for BSE:514138 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Suryalata Spinning Mills 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:514138 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 19.75%)
2019 180.21 Est @ 12.77% 150.48
2020 200.40 Est @ 11.2% 139.74
2021 220.65 Est @ 10.11% 128.48
2022 241.26 Est @ 9.34% 117.31
2023 262.50 Est @ 8.8% 106.59
2024 284.63 Est @ 8.43% 96.51
2025 307.86 Est @ 8.16% 87.17
2026 332.43 Est @ 7.98% 78.60
2027 358.53 Est @ 7.85% 70.78
2028 386.36 Est @ 7.76% 63.70
Present value of next 10 years cash flows ₹1,039.35
BSE:514138 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹386.36 × (1 + 7.55%) ÷ (19.75% – 7.55%)
₹3,405.01
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹3,405.01 ÷ (1 + 19.75%)10
₹561.36
BSE:514138 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹1,039.35 + ₹561.36
₹1,600.71
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹1,600.71 / 4.27
₹375.14
BSE:514138 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹375.14
Current discount Discount to share price of ₹135.50
= -1 x (₹135.50 - ₹375.14) / ₹375.14
63.9%

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

Current Discount
Amount off the current price Suryalata Spinning Mills is available for.
Intrinsic value
>50%
Share price is ₹135.5 vs Future cash flow value of ₹375.14
Current Discount Checks
For Suryalata Spinning Mills to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Suryalata Spinning Mills's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Suryalata Spinning Mills's share price is below the future cash flow value, and 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 Suryalata Spinning Mills's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Suryalata Spinning Mills's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:514138 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹24.55
BSE:514138 Share Price ** BSE (2019-04-12) in INR ₹135.5
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 Suryalata Spinning Mills.

BSE:514138 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:514138 Share Price ÷ EPS (both in INR)

= 135.5 ÷ 24.55

5.52x

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

  • Suryalata Spinning Mills is good value based on earnings compared to the IN Luxury industry average.
  • Suryalata Spinning Mills is good value based on earnings compared to the India market.
Price based on expected Growth
Does Suryalata Spinning Mills's expected growth come at a high price?
Raw Data
BSE:514138 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.52x
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 Suryalata Spinning Mills, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Suryalata Spinning Mills's assets?
Raw Data
BSE:514138 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹248.37
BSE:514138 Share Price * BSE (2019-04-12) in INR ₹135.5
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:514138 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:514138 Share Price ÷ Book Value per Share (both in INR)

= 135.5 ÷ 248.37

0.55x

* Primary Listing of Suryalata Spinning Mills.

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

  • Suryalata Spinning Mills is good value based on assets compared to the IN Luxury industry average.
X
Value checks
We assess Suryalata Spinning 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. Suryalata Spinning Mills has a total score of 5/6, 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 Suryalata Spinning Mills expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Suryalata Spinning 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
3.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Suryalata Spinning Mills expected to grow at an attractive rate?
  • Suryalata Spinning Mills's earnings growth is positive but not above the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Suryalata Spinning Mills's earnings growth is positive but not above the India market average.
  • Unable to compare Suryalata Spinning Mills's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:514138 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:514138 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:514138 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:514138 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 3,713 105
2018-09-30 3,579 91
2018-06-30 3,304 82
2018-03-31 3,316 261 79
2017-12-31 3,441 83
2017-09-30 3,362 83
2017-06-30 3,507 88
2017-03-31 3,465 217 88
2016-12-31 3,472 100
2016-09-30 3,591 100
2016-06-30 3,566 96
2016-03-31 3,563 401 93

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Suryalata Spinning Mills's earnings are expected to grow by 3.1% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Suryalata Spinning 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:514138 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 Suryalata Spinning Mills Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:514138 Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 24.55
2018-09-30 21.39
2018-06-30 19.21
2018-03-31 18.48
2017-12-31 19.56
2017-09-30 19.34
2017-06-30 20.72
2017-03-31 20.69
2016-12-31 23.51
2016-09-30 23.55
2016-06-30 21.93
2016-03-31 21.88

*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 Suryalata Spinning Mills will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Suryalata Spinning 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.
Suryalata Spinning 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 Suryalata Spinning Mills 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 Suryalata Spinning 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.
  • Suryalata Spinning Mills's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Suryalata Spinning Mills's 1-year earnings growth exceeds its 5-year average (25.5% vs -1.9%)
  • Suryalata Spinning Mills's earnings growth has exceeded the IN Luxury industry average in the past year (25.5% vs 14.8%).
Earnings and Revenue History
Suryalata Spinning 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 Suryalata Spinning Mills Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:514138 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 3,712.70 104.77 249.03
2018-09-30 3,578.60 91.27 245.03
2018-06-30 3,304.50 81.97 240.03
2018-03-31 3,315.70 78.87 237.23
2017-12-31 3,440.96 83.50 241.54
2017-09-30 3,362.36 82.60 241.34
2017-06-30 3,507.24 88.42 238.25
2017-03-31 3,465.26 88.27 234.02
2016-12-31 3,472.17 100.35 220.92
2016-09-30 3,590.57 100.45 211.92
2016-06-30 3,566.20 96.30 215.30
2016-03-31 3,562.77 93.35 213.52
2015-12-31 3,544.54 89.07 370.00
2015-09-30 3,542.94 101.77 371.00
2015-06-30 3,659.50 121.50 208.90
2015-03-31 3,810.94 120.07 205.59
2014-12-31 3,925.97 118.32 346.64
2014-09-30 3,949.67 107.32 342.04
2014-06-30 3,875.37 100.22 340.54
2014-03-31 3,703.47 82.12 334.14
2013-12-31 3,553.72 59.96 328.45
2013-09-30 3,337.52 61.16 316.75
2013-06-30 3,060.12 63.76 305.65
2013-03-31 2,862.72 74.46 294.75
2012-12-31 2,627.21 84.14 237.14
2012-09-30 2,529.11 56.74 235.64
2012-06-30 2,513.81 31.44 234.94

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

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

BSE:514138 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,060.80 1,093.40 6.60
2018-09-30 1,060.80 1,093.40 6.60
2018-06-30 1,011.91 733.96 2.96
2018-03-31 1,011.91 733.96 2.96
2017-12-31 971.90 721.60 11.10
2017-09-30 971.90 721.60 11.10
2017-06-30 996.27 817.57 8.80
2017-03-31 935.33 862.75 5.54
2016-12-31 955.60 711.50 5.80
2016-09-30 955.60 711.50 5.80
2016-06-30 901.90 709.00 6.00
2016-03-31 901.87 877.02 6.02
2015-12-31 819.60 1,001.80 8.40
2015-09-30 819.60 1,001.80 8.40
2015-06-30 773.10 953.40 6.70
2015-03-31 773.07 1,141.96 6.76
2014-12-31 707.80 1,143.20 11.10
2014-09-30 707.80 1,143.20 11.10
2014-06-30 642.86 1,087.29 9.79
2014-03-31 642.86 1,085.97 9.79
2013-12-31 606.90 1,143.70 8.00
2013-09-30 606.90 1,143.70 8.00
2013-06-30 567.18 1,295.10 6.37
2013-03-31 567.18 1,295.10 6.37
2012-12-31 552.20 1,087.00 6.30
2012-09-30 552.20 1,087.00 6.30
2012-06-30 499.16 851.97 4.40
  • Suryalata Spinning Mills's level of debt (103.1%) 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 (188.2% vs 103.1% today).
  • Debt is well covered by operating cash flow (23.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.2x coverage).
X
Financial health checks
We assess Suryalata Spinning 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. Suryalata Spinning Mills 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 Suryalata Spinning 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
1.11%
Current annual income from Suryalata Spinning Mills dividends.
If you bought ₹2,000 of Suryalata Spinning Mills shares you are expected to receive ₹22 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?
  • Suryalata Spinning Mills's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.5%).
  • Suryalata Spinning Mills's dividend is below the markets top 25% of dividend payers in India (1.92%).
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:514138 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:514138 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-07-23 1.500 1.161
2018-06-29 1.500 1.177
2018-05-21 1.500 1.160
2017-08-14 1.500 1.039
2017-05-22 1.500 1.071
2016-09-29 2.000 1.217
2015-08-28 1.800 1.555
2015-05-25 1.800 1.338
2014-07-14 1.500 1.382
2014-05-12 1.500 2.101
2013-05-24 1.500 2.832
2012-08-06 1.500 2.375
2012-05-07 1.500 2.536
2011-09-19 3.000 4.599
2010-09-27 2.000 1.560
2009-06-12 0.000 0.000
2009-04-21 0.000 0.000

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

  • Suryalata Spinning Mills has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Suryalata Spinning Mills has only been paying a dividend for 9 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Suryalata Spinning Mills's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (16.4x 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 Suryalata Spinning 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 Suryalata Spinning Mills afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Suryalata Spinning Mills 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.

Management

 What is the CEO of Suryalata Spinning 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
Vithaldas Agarwal
COMPENSATION ₹3,300,000
AGE 78
TENURE AS CEO 24.6 years
CEO Bio

Mr. Vithaldas Agarwal has been the Managing Director of Suryalata Spinning Mills Limited since September 1, 1994 and served as its Compliance Officer since January 25, 2008. Mr. Agarwal is the Promoter of Suryalata Spinning Mills Limited and serves as its Executive Director. He has over 40 years of experience in the field of Textiles. He has vast experience and expertise in textile business particularly in handling purchase of inputs, marketing of products, customer relation and overall administration. He served as a Director of Suryaamba Spinning Mills Ltd., until May 09, 2011.

CEO Compensation
  • Vithaldas's compensation has been consistent with company performance over the past year.
  • Vithaldas's remuneration is higher than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Suryalata Spinning Mills management team in years:

4.7
Average Tenure
55
Average Age
  • The tenure for the Suryalata Spinning Mills management team is about average.
Management Team

Vithaldas Agarwal

TITLE
MD & Executive Director
COMPENSATION
₹3M
AGE
78
TENURE
24.6 yrs

Mahender Agarwal

TITLE
Joint MD & Executive Director
COMPENSATION
₹4M
AGE
54
TENURE
8.6 yrs

Kommineni Rao

TITLE
Chief Financial Officer
AGE
59
TENURE
4.7 yrs

Kaushlendra Sinha

TITLE
Director of Operations & Executive Director
COMPENSATION
₹2M
AGE
64

Madhavi Agarwal

TITLE
Whole-Time Director
COMPENSATION
₹2M
AGE
51

Kapil Pandit

TITLE
Chief General Manager of Urukondapet Unit
AGE
54
TENURE
0.8 yrs

Yerukalapudi Priya

TITLE
Company Secretary & Compliance Officer
TENURE
0.4 yrs

R.Prasada Rao

TITLE
General Manager of Sales
AGE
52

D. V. Reddy

TITLE
General Manager of HR and P&A
AGE
56
Board of Directors Tenure

Average tenure and age of the Suryalata Spinning Mills board of directors in years:

8.3
Average Tenure
64
Average Age
  • The tenure for the Suryalata Spinning Mills board of directors is about average.
Board of Directors

Ramasahayam Reddy

TITLE
Chairman
COMPENSATION
₹41K
AGE
87

Vithaldas Agarwal

TITLE
MD & Executive Director
COMPENSATION
₹3M
AGE
78

Mahender Agarwal

TITLE
Joint MD & Executive Director
COMPENSATION
₹4M
AGE
54
TENURE
28.1 yrs

Kaushlendra Sinha

TITLE
Director of Operations & Executive Director
COMPENSATION
₹2M
AGE
64
TENURE
8.3 yrs

Madhavi Agarwal

TITLE
Whole-Time Director
COMPENSATION
₹2M
AGE
51
TENURE
4.4 yrs

K. Reddy

TITLE
Non-Executive Independent Director
COMPENSATION
₹33K
AGE
58
TENURE
8.3 yrs

K. Reddy

TITLE
Non-Executive Independent Director
COMPENSATION
₹25K
AGE
77
TENURE
18.9 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 Suryalata Spinning 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. Suryalata Spinning 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

Description

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.

Details
Name: Suryalata Spinning Mills Limited
514138
Exchange: BSE
Founded: 1983
₹578,178,500
4,267,000
Website: http://www.suryalata.com
Address: Suryalata Spinning Mills Limited
Surya Towers,
1st Floor,
Secunderabad,
Andhra Pradesh, 500003,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 514138 Equity Shares Mumbai Stock Exchange IN INR 19. Feb 2002
Number of employees
Current staff
Staff numbers
384
Suryalata Spinning Mills employees.
Industry
Textiles
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/20 12:35
End of day share price update: 2019/04/12 00:00
Last earnings filing: 2019/02/13
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.