BSE:526827

Stock Analysis Report

Executive Summary

Spice Islands Apparels Limited manufactures and sells woven and knitted garments in India, the United Kingdom, the United Arab Emirates, and internationally.


Snowflake Analysis

Imperfect balance sheet with weak fundamentals.

Share Price & News

How has Spice Islands Apparels's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 526827's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

526827

-0.5%

IN Luxury

-1.5%

IN Market


1 Year Return

7.3%

526827

18.2%

IN Luxury

10.7%

IN Market

Return vs Industry: 526827 underperformed the Indian Luxury industry which returned 18.2% over the past year.

Return vs Market: 526827 underperformed the Indian Market which returned 10.7% over the past year.


Shareholder returns

526827IndustryMarket
7 Day0%-0.5%-1.5%
30 Day45.7%3.0%-2.7%
90 Day-15.2%9.2%1.3%
1 Year7.3%7.3%19.0%18.2%12.7%10.7%
3 Year-26.2%-26.2%52.2%48.8%22.0%15.1%
5 Year-16.4%-23.7%106.9%100.1%34.5%22.0%

Price Volatility Vs. Market

How volatile is Spice Islands Apparels's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Spice Islands Apparels undervalued compared to its fair value and its price relative to the market?

1.87x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: 526827 (₹17.12) is trading above our estimate of fair value (₹16.36)

Significantly Below Fair Value: 526827 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 526827 is unprofitable, so we can't compare its PE Ratio to the Luxury industry average.

PE vs Market: 526827 is unprofitable, so we can't compare its PE Ratio to the Indian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 526827's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 526827 is overvalued based on its PB Ratio (1.9x) compared to the IN Luxury industry average (0.5x).


Next Steps

Future Growth

How is Spice Islands Apparels forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.9%

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 Spice Islands Apparels 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 Spice Islands Apparels performed over the past 5 years?

-60.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 526827 is currently unprofitable.

Growing Profit Margin: 526827 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 526827 is unprofitable, and losses have increased over the past 5 years at a rate of -60.9% per year.

Accelerating Growth: Unable to compare 526827's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 526827 is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (5.6%).


Return on Equity

High ROE: 526827 has a negative Return on Equity (-98.36%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Spice Islands Apparels's financial position?


Financial Position Analysis

Short Term Liabilities: 526827's short term assets (₹90.2M) exceed its short term liabilities (₹84.4M).

Long Term Liabilities: 526827's short term assets (₹90.2M) exceed its long term liabilities (₹499.0K).


Debt to Equity History and Analysis

Debt Level: 526827's debt to equity ratio (100.8%) is considered high.

Reducing Debt: 526827's debt to equity ratio has increased from 1.7% to 100.8% over the past 5 years.


Balance Sheet

Inventory Level: 526827 has a high level of physical assets or inventory.

Debt Coverage by Assets: 526827's debt is covered by short term assets (assets are 2.3x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Insufficient data to determine if 526827 has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if 526827 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Spice Islands Apparels's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 526827's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 526827'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 526827's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 526827's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 526827 is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 526827'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?

0.8yrs

Average board tenure


CEO

Spice Islands Apparels has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
Seema Katre
Whole Time Director9.3yrs₹1.09m20.61% 15.2m
Umesh Katre
Chairman0yrs₹3.28m29.07% 21.4m
Neeraj Desai
Additional Independent Director0.8yrsno datano data
Nilesh Shevade
Additional Independent Director0.5yrsno datano data

0.8yrs

Average Tenure

54.5yo

Average Age

Experienced Board: 526827's board of directors are not considered experienced ( 0.8 years average tenure), which suggests a new board.


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

Spice Islands Apparels Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Spice Islands Apparels Limited
  • Ticker: 526827
  • Exchange: BSE
  • Founded: 1988
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: ₹73.616m
  • Shares outstanding: 4.30m
  • Website: https://www.spiceislandsapparelslimited.in

Number of Employees


Location

  • Spice Islands Apparels Limited
  • 125-A, Mittal Tower
  • 12th Floor
  • Mumbai
  • Maharashtra
  • 400021
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
526827BSE (Mumbai Stock Exchange)YesEquity SharesININRJan 2002

Biography

Spice Islands Apparels Limited manufactures and sells woven and knitted garments in India, the United Kingdom, the United Arab Emirates, and internationally. The company offers men’s shirts, ladies blouses/tops/skirts, hand embroidered tops, basic men’s/ladies/girls/children's T-shirts, fashion T-shirts, polo shirts, sweatshirts, jerseys, piques, jacquards, and yarn dyed stripes in various fabrics. It is also involved in financial activities. Spice Islands Apparels Limited was founded in 1988 and is based in Mumbai, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/19 12:46
End of Day Share Price2020/02/07 00:00
Earnings2019/09/30
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.