BSE:523842

Stock Analysis Report

Executive Summary

Super Tannery Limited, together with its subsidiaries, manufactures and sells leather and leather footwear in India.


Snowflake Analysis

Undervalued with adequate balance sheet.


Similar Companies

Share Price & News

How has Super Tannery's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 523842's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-7.4%

523842

-2.3%

IN Luxury

-2.9%

IN Market


1 Year Return

-46.6%

523842

-26.7%

IN Luxury

-29.3%

IN Market

Return vs Industry: 523842 underperformed the Indian Luxury industry which returned -26.7% over the past year.

Return vs Market: 523842 underperformed the Indian Market which returned -29.3% over the past year.


Shareholder returns

523842IndustryMarket
7 Day-7.4%-2.3%-2.9%
30 Day-30.8%-26.9%-23.7%
90 Day-38.5%-26.0%-28.6%
1 Year-46.6%-46.6%-26.1%-26.7%-27.9%-29.3%
3 Year-71.9%-71.9%1.6%-0.9%-15.4%-20.0%
5 Year-78.2%-78.4%44.6%39.4%-3.3%-8.3%

Price Volatility Vs. Market

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


Simply Wall St News

1 year ago | Simply Wall St

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1 year ago | Simply Wall St

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Valuation

Is Super Tannery undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 523842 (₹1.26) is trading below our estimate of fair value (₹15.01)

Significantly Below Fair Value: 523842 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 523842 is good value based on its PE Ratio (3.7x) compared to the Luxury industry average (7.8x).

PE vs Market: 523842 is good value based on its PE Ratio (3.7x) compared to the Indian market (9.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 523842's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 523842 is good value based on its PB Ratio (0.2x) compared to the IN Luxury industry average (0.4x).


Next Steps

Future Growth

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

20.0%

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 Super Tannery 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 Super Tannery performed over the past 5 years?

-4.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 523842 has high quality earnings.

Growing Profit Margin: 523842's current net profit margins (2.2%) are higher than last year (1.8%).


Past Earnings Growth Analysis

Earnings Trend: 523842's earnings have declined by -4.7% per year over the past 5 years.

Accelerating Growth: 523842's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 523842 had negative earnings growth (-3.2%) over the past year, making it difficult to compare to the Luxury industry average (6.4%).


Return on Equity

High ROE: 523842's Return on Equity (4.8%) is considered low.


Next Steps

Financial Health

How is Super Tannery's financial position?


Financial Position Analysis

Short Term Liabilities: 523842's short term assets (₹1.7B) exceed its short term liabilities (₹1.4B).

Long Term Liabilities: 523842's short term assets (₹1.7B) exceed its long term liabilities (₹142.9M).


Debt to Equity History and Analysis

Debt Level: 523842's debt to equity ratio (113.4%) is considered high.

Reducing Debt: 523842's debt to equity ratio has reduced from 139% to 113.4% over the past 5 years.

Debt Coverage: 523842's debt is well covered by operating cash flow (32%).

Interest Coverage: 523842's interest payments on its debt are not well covered by EBIT (2.2x coverage).


Balance Sheet

Inventory Level: 523842 has a high level of physical assets or inventory.

Debt Coverage by Assets: 523842's debt is covered by short term assets (assets are 1.9x debt).


Next Steps

Dividend

What is Super Tannery's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 523842's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 523842's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 523842's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 523842's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 523842 is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 523842's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

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

27.2yrs

Average management tenure


CEO

Iftikharul Amin (61yo)

31.17s

Tenure

₹2,200,000

Compensation

Mr. Iftikharul Amin has been Managing Director of Super Tannery Limited since 1989 and serves as its Director. Mr. serves as Director of Super Tannery (UK) Limited, Aarifi Tanners Limited, Industrial Infra ...


CEO Compensation Analysis

Compensation vs Market: Iftikharul's total compensation ($USD29.19K) is below average for companies of similar size in the Indian market ($USD48.15K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Iftikharul Amin
MD & Executive Director31.17yrs₹2.20m15.78% 21.5m
Iqbal Ahsan
Joint MD & Executive Director32.17yrs₹2.20m8.47% 11.5m
Mohammad Imran
CFO, Director of Finance & Whole-Time Director15.17yrs₹437.10kno data
R. Awasthi
Compliance Officer & Company Secretaryno datano datano data
Imran Siddiqui
Whole Time Director31.17yrs₹707.10kno data
Arshad Khan
Whole Time Director20.17yrs₹437.10kno data
Umairul Amin
Executiveno data₹258.15k4.25% 5.8m
Tanveerul Amin
Executiveno data₹694.36kno data
Mubashirul Amin
Executiveno data₹694.36k4.25% 5.8m
Khalid Sayeed
Executiveno data₹164.13kno data

27.2yrs

Average Tenure

59yo

Average Age

Experienced Management: 523842's management team is seasoned and experienced (27.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Iftikharul Amin
MD & Executive Director31.17yrs₹2.20m15.78% 21.5m
Iqbal Ahsan
Joint MD & Executive Director32.17yrs₹2.20m8.47% 11.5m
Mohammad Imran
CFO, Director of Finance & Whole-Time Director15.17yrs₹437.10kno data
Imran Siddiqui
Whole Time Director31.17yrs₹707.10kno data
Arshad Khan
Whole Time Director20.17yrs₹437.10kno data
Veqarul Amin
Non-Executive Non-Independent Directorno data₹1.65m16.56% 22.5m
Mohsin Sharif
Non-Executive Independent Director19.67yrsno datano data
Kumud Seth
Non-Executive Independent Director18yrsno datano data
P. Sinha
Non-Executive Independent Director12.17yrsno datano data
Aftab Ahmad
Non-Executive Independent Director0.67yrno datano data

18.8yrs

Average Tenure

60yo

Average Age

Experienced Board: 523842's board of directors are seasoned and experienced ( 18.8 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

Super Tannery Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Super Tannery Limited
  • Ticker: 523842
  • Exchange: BSE
  • Founded: 1953
  • Industry: Footwear
  • Sector: Consumer Durables
  • Market Cap: ₹136.046m
  • Shares outstanding: 107.97m
  • Website: https://www.supertannery.com

Location

  • Super Tannery Limited
  • 187/170, Jajmau Road
  • Kanpur
  • Uttar Pradesh
  • 208010
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
523842BSE (Mumbai Stock Exchange)YesEquity SharesININRDec 2001

Biography

Super Tannery Limited, together with its subsidiaries, manufactures and sells leather and leather footwear in India. It offers leather for automotive and furniture upholstery, safety and lifestyle footwear, bags, belts, sporting goods, and equestrian equipment. The company also provides safety and lifestyle footwear, belts, shoe components, and accessories. It also exports its products to approximately 40 countries. Super Tannery Limited was founded in 1953 and is based in Kanpur, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/30 12:52
End of Day Share Price2020/03/25 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.