BSE:514211

Stock Analysis Report

Executive Summary

Sumeet Industries Limited manufactures and sells yarns in India.

Snowflake

Fundamentals

Overvalued with worrying balance sheet.


Similar Companies

Share Price & News

How has Sumeet Industries's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-10.7%

514211

-0.02%

IN Luxury

1.6%

IN Market


1 Year Return

-66.9%

514211

7.7%

IN Luxury

0.8%

IN Market

Return vs Industry: 514211 underperformed the Indian Luxury industry which returned 7.7% over the past year.

Return vs Market: 514211 underperformed the Indian Market which returned 0.8% over the past year.


Shareholder returns

514211IndustryMarket
7 Day-10.7%-0.02%1.6%
30 Day-38.0%5.5%1.5%
90 Day-34.6%3.9%-3.3%
1 Year-66.9%-66.9%8.6%7.7%2.7%0.8%
3 Year-93.3%-93.8%49.5%47.8%22.0%16.0%
5 Year-83.6%-84.8%108.9%105.0%42.3%29.3%

Price Volatility Vs. Market

How volatile is Sumeet Industries's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Sumeet Industries undervalued compared to its fair value and its price relative to the market?

0.23x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate 514211's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate 514211's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 514211 is unprofitable, so we can't compare its PE Ratio to the Luxury industry average.

PE vs Market: 514211 is unprofitable, so we can't compare its PE Ratio to the Indian market.


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate 514211's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 514211 is good value based on its PB Ratio (0.2x) compared to the IN Luxury industry average (0.6x).


Next Steps

Future Growth

How is Sumeet Industries forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

70.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 514211 is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: 514211 is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: 514211 is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: Insufficient data to determine if 514211's revenue is forecast to grow faster than the Indian market.

High Growth Revenue: Insufficient data to determine if 514211's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if 514211's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Sumeet Industries performed over the past 5 years?

-56.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 514211 is unprofitable, and losses have increased over the past 5 years at a rate of -56.7% per year.

Accelerating Growth: Unable to compare 514211's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 514211 is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (7.8%).


Return on Equity

High ROE: 514211 has a negative Return on Equity (-132.63%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: 514211 is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: 514211 is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Sumeet Industries's financial position?


Financial Position Analysis

Short Term Liabilities: 514211's short term assets (₹4.5B) do not cover its short term liabilities (₹5.5B)

Long Term Liabilities: 514211's short term assets (4.5B) exceeds its long term liabilities (1.7B)


Debt to Equity History and Analysis

Debt Level: 514211's debt to equity ratio (688.5%) is considered high

Reducing Debt: 514211's debt to equity ratio has increased from 216.6% to 688.5% over the past 5 years.

Debt Coverage: 514211's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if 514211's interest payments on its debt are well covered by EBIT.


Balance Sheet

Inventory Level: 514211 has a high level of physical assets or inventory.

Debt Coverage by Assets: 514211's debt is not covered by short term assets (assets are 0.8x debt).


Next Steps

Dividend

What is Sumeet Industries's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%0.6%markettop25%2.5%industryaverage0.7%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate 514211's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 514211's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if 514211's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 514211's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 514211 is not paying a notable dividend for .


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 514211's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

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

2.5yrs

Average management tenure


CEO

Sumeet Kumar Somani (39yo)

2.5yrs

Tenure

0

Mr. Sumeet Kumar Shankarlal Somani serves as the Managing Director of Sumeet Industries Limited and served as its Chief Financial Officer. Mr. Somani served as Director of Administration at Sumeet Industr ...


CEO Compensation Analysis

Compensation vs. Market: Sumeet Kumar's total compensation ($USD0.00) is too low to compare against companies of similar size in the Indian market ($USD25.38K).

Compensation vs Earnings: Sumeet Kumar's compensation has increased whilst the company is unprofitable.


Management Age and Tenure

2.5yrs

Average Tenure

51.5yo

Average Age

Experienced Management: 514211's management team is considered experienced (2.5 years average tenure).


Board Age and Tenure

6.6yrs

Average Tenure

46yo

Average Age

Experienced Board: 514211's board of directors are considered experienced (6.6 years average tenure).


Insider Trading

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


Recent Insider Transactions

Buy₹2,508,56411 Jun 19
Shankarlal Somani
EntityIndividual
Role
Chairman of the Board
Executive Chairman
Shares737,602
Max Price₹3.40

Ownership Breakdown


Management Team

  • Shankarlal Somani (65yo)

    Executive Chairman

    • Tenure: 7.2yrs
    • Compensation: ₹1.80m
  • Sumeet Kumar Somani (39yo)

    MD & Executive Director

    • Tenure: 2.5yrs
  • Naresh Joshi (55yo)

    Personnel & Administration Officer

    • Tenure: 0yrs
  • Anil Jain (48yo)

    Company Secretary & Compliance Officer

    • Tenure: 11.8yrs
    • Compensation: ₹1.08m
  • Abhishek Prasad

    Chief Financial Officer

    • Tenure: 2.5yrs
    • Compensation: ₹877.00k

Board Members

  • Shankarlal Somani (65yo)

    Executive Chairman

    • Tenure: 7.2yrs
    • Compensation: ₹1.80m
  • Dinesh Sharan Khare (53yo)

    Independent & Non-Executive Director

    • Tenure: 17.8yrs
    • Compensation: ₹1.02m
  • Sumeet Kumar Somani (39yo)

    MD & Executive Director

    • Tenure: 2.5yrs
  • Atma Ram Sarda (56yo)

    Non-Executive Director

    • Tenure: 6.1yrs
    • Compensation: ₹1.07m
  • Manojkumar Jain (39yo)

    Independent & Non-Executive Director

    • Tenure: 2.3yrs
    • Compensation: ₹180.00k
  • Zeel Modi (25yo)

    Independent & Non-Executive Director

    • Tenure: 0.9yrs
    • Compensation: ₹30.00k

Company Information

Sumeet Industries Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Sumeet Industries Limited
  • Ticker: 514211
  • Exchange: BSE
  • Founded: 1988
  • Industry: Textiles
  • Sector: Consumer Durables
  • Market Cap: ₹192.775m
  • Shares outstanding: 103.64m
  • Website: https://www.sumeetindustries.com

Number of Employees


Location

  • Sumeet Industries Limited
  • 504, Trividh Chamber
  • 5th Floor
  • Surat
  • Gujarat
  • 395002
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
514211BSE (Mumbai Stock Exchange)YesEquity SharesININRFeb 2005
SUMEETINDSNSEI (National Stock Exchange of India)YesEquity SharesININRFeb 2005

Biography

Sumeet Industries Limited manufactures and sells yarns in India. The company offers polyester chips, partially oriented yarns, fully draw yarns, polyester texturized yarns, and carpet yarns. It also export ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 12:31
End of Day Share Price2019/10/14 00:00
Earnings2019/06/30
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.