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Sambandam Spinning Mills BSE:521240 Stock Report

Last Price


Market Cap







15 Aug, 2022


Company Financials
521240 fundamental analysis
Snowflake Score
Future Growth0/6
Past Performance5/6
Financial Health2/6

521240 Stock Overview

Sambandam Spinning Mills Limited manufactures and sells cotton yarns in India.

Sambandam Spinning Mills Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Sambandam Spinning Mills
Historical stock prices
Current Share Price₹173.95
52 Week High₹295.00
52 Week Low₹157.00
1 Month Change-9.96%
3 Month Change-22.29%
1 Year Change-22.15%
3 Year Change138.29%
5 Year Change29.33%
Change since IPO1,355.65%

Recent News & Updates

Shareholder Returns

521240IN LuxuryIN Market

Return vs Industry: 521240 underperformed the Indian Luxury industry which returned 19.9% over the past year.

Return vs Market: 521240 underperformed the Indian Market which returned 8.2% over the past year.

Price Volatility

Is 521240's price volatile compared to industry and market?
521240 volatility
521240 Average Weekly Movement9.3%
Luxury Industry Average Movement6.9%
Market Average Movement6.4%
10% most volatile stocks in IN Market9.0%
10% least volatile stocks in IN Market4.1%

Stable Share Price: 521240 is more volatile than 90% of Indian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: 521240's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of Indian stocks.

About the Company

19731,208Devarajan Sambandam

Sambandam Spinning Mills Limited manufactures and sells cotton yarns in India. The company offers cotton autoconed/siro cleared yarns; single/multi ply yarns; carded/combed weaving and knitting yarns; ring doubled wet spliced/TFO yarns; and value-added products, including gassed yarns/compact yarns/slub yarns. It also generates and sells wind power.

Sambandam Spinning Mills Fundamentals Summary

How do Sambandam Spinning Mills's earnings and revenue compare to its market cap?
521240 fundamental statistics
Market Cap₹741.83m
Earnings (TTM)₹151.48m
Revenue (TTM)₹3.55b


P/E Ratio


P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
521240 income statement (TTM)
Cost of Revenue₹2.38b
Gross Profit₹1.17b
Other Expenses₹1.02b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date


Earnings per share (EPS)35.52
Gross Margin33.00%
Net Profit Margin4.27%
Debt/Equity Ratio111.0%

How did 521240 perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio
We’ve recently updated our valuation analysis.


Is 521240 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score


Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 521240?

Other financial metrics that can be useful for relative valuation.

521240 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.6x
Enterprise Value/EBITDA4.3x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 521240's PE Ratio compare to its peers?

521240 PE Ratio vs Peers
The above table shows the PE ratio for 521240 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average12.4x
541006 Angel Fibers
530201 Kallam Textiles
526179 Ludlow Jute & Specialities
542721 Anand Rayons
521240 Sambandam Spinning Mills

Price-To-Earnings vs Peers: 521240 is good value based on its Price-To-Earnings Ratio (4.9x) compared to the peer average (12.4x).

Price to Earnings Ratio vs Industry

How does 521240's PE Ratio compare vs other companies in the IN Luxury Industry?

Price-To-Earnings vs Industry: 521240 is good value based on its Price-To-Earnings Ratio (4.9x) compared to the Indian Luxury industry average (13.1x)

Price to Earnings Ratio vs Fair Ratio

What is 521240's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

521240 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4.9x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 521240's Price-To-Earnings Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of 521240 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 521240 (₹173.95) is trading above our estimate of fair value (₹52.09)

Significantly Below Fair Value: 521240 is trading above our estimate of fair value.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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Future Growth

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

Future Growth Score


Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


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 Sambandam 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.

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Past Performance

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

Past Performance Score


Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 521240 has high quality earnings.

Growing Profit Margin: 521240's current net profit margins (4.3%) are higher than last year (3.5%).

Past Earnings Growth Analysis

Earnings Trend: 521240's earnings have grown significantly by 42.6% per year over the past 5 years.

Accelerating Growth: 521240's earnings growth over the past year (86.6%) exceeds its 5-year average (42.6% per year).

Earnings vs Industry: 521240 earnings growth over the past year (86.6%) exceeded the Luxury industry 52.1%.

Return on Equity

High ROE: 521240's Return on Equity (13.1%) is considered low.

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Financial Health

How is Sambandam Spinning Mills's financial position?

Financial Health Score


Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 521240's short term assets (₹1.7B) exceed its short term liabilities (₹1.2B).

Long Term Liabilities: 521240's short term assets (₹1.7B) exceed its long term liabilities (₹863.1M).

Debt to Equity History and Analysis

Debt Level: 521240's net debt to equity ratio (104%) is considered high.

Reducing Debt: 521240's debt to equity ratio has increased from 87.8% to 111% over the past 5 years.

Debt Coverage: 521240's debt is not well covered by operating cash flow (17.2%).

Interest Coverage: 521240's interest payments on its debt are not well covered by EBIT (2.7x coverage).

Balance Sheet

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

Dividend Score


Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 521240's dividend (2.87%) is higher than the bottom 25% of dividend payers in the Indian market (0.39%).

High Dividend: 521240's dividend (2.87%) is in the top 25% of dividend payers in the Indian market (1.7%)

Stability and Growth of Payments

Stable Dividend: 521240 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 521240's dividend payments have increased, but the company has only paid a dividend for 8 years.

Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (14.1%), 521240's dividend payments are thoroughly covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: 521240 is paying a dividend but the company has no free cash flows.

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


Average management tenure


Devarajan Sambandam (73 yo)





Mr. Devarajan Sambandam, B.Sc., has been the Chairman and Managing Director of Sambandam Spinning Mills Limited since May 29, 2008 and October 23, 2002 respectively and serves as its Chief Executive Office...

CEO Compensation Analysis

Compensation vs Market: Devarajan's total compensation ($USD105.50K) is above average for companies of similar size in the Indian market ($USD37.68K).

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

Leadership Team

Experienced Management: 521240's management team is seasoned and experienced (9.4 years average tenure).

Board Members

Experienced Board: 521240's board of directors are considered experienced (6.7 years average tenure).


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

Sambandam Spinning Mills Limited's employee growth, exchange listings and data sources

Key Information

  • Name: Sambandam Spinning Mills Limited
  • Ticker: 521240
  • Exchange: BSE
  • Founded: 1973
  • Industry: Textiles
  • Sector: Consumer Durables
  • Implied Market Cap: ₹741.827m
  • Shares outstanding: 4.26m
  • Website:

Number of Employees


  • Sambandam Spinning Mills Limited
  • Kamaraj Nagar Colony
  • P.B.No:1
  • Salem
  • Tamil Nadu
  • 636014
  • India


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/15 00:00
End of Day Share Price2022/08/12 00:00
Annual Earnings2022/03/31

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.