Super Tannery (BSE:523842) - Share price, News & Analysis

523842 fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	5/6
Financial Health	5/6
Dividends	3/6

523842 Stock Overview

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

Rewards

Trading at 62.5% below our estimate of its fair value

Earnings grew by 302.9% over the past year

Risk Analysis

Highly volatile share price over the past 3 months

Does not have a meaningful market cap (₹755M)

Has a high level of debt

Unstable dividend track record

Super Tannery Competitors

Mirza International

NSEI:MIRZAINT

₹21.3b

Bhartiya International

BSE:526666

₹2.1b

AKI India

BSE:542020

₹417.0m

Price History & Performance

Summary of all time highs, changes and price drops for Super Tannery
Historical stock prices
Current Share Price	₹6.99
52 Week High	₹9.60
52 Week Low	₹2.84
Beta	0.84
1 Month Change	-7.42%
3 Month Change	17.28%
1 Year Change	143.55%
3 Year Change	145.26%
5 Year Change	51.30%
Change since IPO	2,521.29%

Shareholder Returns

	523842	IN Luxury	IN Market
7D	-5.9%	-6.6%	-5.1%
1Y	143.6%	41.4%	9.7%

Return vs Industry: 523842 exceeded the Indian Luxury industry which returned 41.4% over the past year.

Return vs Market: 523842 exceeded the Indian Market which returned 9.7% over the past year.

Price Volatility

Is 523842's price volatile compared to industry and market?
523842 volatility
523842 Average Weekly Movement	11.5%
Luxury Industry Average Movement	7.9%
Market Average Movement	7.2%
10% most volatile stocks in IN Market	10.0%
10% least volatile stocks in IN Market	4.7%

Stable Share Price: 523842 is more volatile than 90% of Indian stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: 523842's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of Indian stocks.

About the Company

Founded	Employees	CEO	Website
1953	500	Iftikharul Amin	https://www.supertannery.com

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, equestrian equipment, and accessories. The company also exports its products to approximately 40 countries.

Super Tannery Fundamentals Summary

How do Super Tannery's earnings and revenue compare to its market cap?
523842 fundamental statistics
Market Cap	₹754.73m
Earnings (TTM)	₹60.71m
Revenue (TTM)	₹2.24b

12.4x

P/E Ratio

0.3x

P/S Ratio

Is 523842 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
523842 income statement (TTM)
Revenue	₹2.24b
Cost of Revenue	₹1.56b
Gross Profit	₹682.08m
Other Expenses	₹621.38m
Earnings	₹60.71m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

May 30, 2022

Earnings per share (EPS)	0.56
Gross Margin	30.40%
Net Profit Margin	2.71%
Debt/Equity Ratio	88.2%

How did 523842 perform over the long term?

See historical performance and comparison

Dividends

0.7%

Current Dividend Yield

9%

Payout Ratio

Valuation

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

Valuation Score

4/6

Valuation Score 4/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: 523842 (₹6.99) is trading below our estimate of fair value (₹18.65)

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

Price To Earnings Ratio

PE vs Industry: 523842's PE Ratio (12.4x) is in line with the Indian Luxury industry average.

PE vs Market: 523842 is good value based on its PE Ratio (12.4x) compared to the Indian market (19.9x).

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 (0.9x) compared to the IN Luxury industry average (1.2x).

Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

32.4%

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.

Past Performance

How has Super Tannery performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

11.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 523842 has high quality earnings.

Growing Profit Margin: 523842's current net profit margins (2.7%) are higher than last year (0.9%).

Past Earnings Growth Analysis

Earnings Trend: 523842's earnings have grown by 11.2% per year over the past 5 years.

Accelerating Growth: 523842's earnings growth over the past year (302.9%) exceeds its 5-year average (11.2% per year).

Earnings vs Industry: 523842 earnings growth over the past year (302.9%) exceeded the Luxury industry 107.4%.

Return on Equity

High ROE: 523842's Return on Equity (7.2%) is considered low.

Financial Health

How is Super Tannery's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: 523842's short term assets (₹1.6B) exceed its short term liabilities (₹1.4B).

Long Term Liabilities: 523842's short term assets (₹1.6B) exceed its long term liabilities (₹103.6M).

Debt to Equity History and Analysis

Debt Level: 523842's net debt to equity ratio (78.8%) is considered high.

Reducing Debt: 523842's debt to equity ratio has reduced from 122.5% to 88.2% over the past 5 years.

Debt Coverage: 523842's debt is well covered by operating cash flow (39.5%).

Interest Coverage: 523842's interest payments on its debt are well covered by EBIT (3.8x coverage).

Balance Sheet

Dividend

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

Dividend Score

2/6

Dividend Score 2/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

0.72%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 523842's dividend (0.72%) is higher than the bottom 25% of dividend payers in the Indian market (0.37%).

High Dividend: 523842's dividend (0.72%) is low compared to the top 25% of dividend payers in the Indian market (1.64%).

Stability and Growth of Payments

Stable Dividend: 523842's dividend payments have been volatile in the past 10 years.

Growing Dividend: 523842's dividend payments have not increased over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (8.9%), 523842's dividend payments are thoroughly covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (3%), 523842's dividend payments are thoroughly covered by cash flows.

Next Steps

Explore strong dividend paying companies in the Consumer Durables industry.

Management

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

29.3yrs

Average management tenure

CEO

Iftikharul Amin (63 yo)

33.33yrs

Tenure

₹2,400,000

Compensation

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

CEO Compensation Analysis

Compensation vs Market: Iftikharul's total compensation ($USD30.98K) is about average for companies of similar size in the Indian market ($USD38.73K).

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

Leadership Team

Experienced Management: 523842's management team is seasoned and experienced (29.3 years average tenure).

Board Members

Experienced Board: 523842's board of directors are seasoned and experienced ( 15.8 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.

Data	Last Updated (UTC time)
Company Analysis	2022/05/15 00:00
End of Day Share Price	2022/05/13 00:00
Earnings	2021/12/31
Annual Earnings	2021/03/31