Surat Textile Mills
Market Cap
₹230.9m
Last Updated
2020/03/28 12:32 UTC
Data Sources
Company Financials
Executive Summary
Surat Textile Mills Limited manufactures and sells polyester filament yarns, polyester chips, and spun yarn in India.
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with solid track record.
Share Price & News
How has Surat Textile Mills's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 530185's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-5.5%
530185
-2.3%
IN Luxury
-2.9%
IN Market
1 Year Return
-64.1%
530185
-26.7%
IN Luxury
-29.3%
IN Market
Return vs Industry: 530185 underperformed the Indian Luxury industry which returned -26.9% over the past year.
Return vs Market: 530185 underperformed the Indian Market which returned -29.2% over the past year.
Shareholder returns
| 530185 | Industry | Market | |
|---|---|---|---|
| 7 Day | -5.5% | -2.3% | -2.9% |
| 30 Day | -27.8% | -28.6% | -26.5% |
| 90 Day | 2.0% | -25.5% | -28.5% |
| 1 Year | -64.1%-64.1% | -26.1%-26.7% | -27.9%-29.3% |
| 3 Year | -74.1%-74.1% | 1.6%-0.9% | -15.4%-20.0% |
| 5 Year | -39.9%-39.9% | 44.6%39.4% | -3.3%-8.3% |
Price Volatility Vs. Market
How volatile is Surat Textile Mills's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Surat Textile Mills undervalued compared to its fair value and its price relative to the market?
1.47x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate 530185's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate 530185's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: 530185 is good value based on its PE Ratio (1.5x) compared to the Luxury industry average (7.8x).
PE vs Market: 530185 is good value based on its PE Ratio (1.5x) compared to the Indian market (9.2x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 530185's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 530185 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 Surat Textile Mills 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 Surat Textile 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.
Next Steps
- Examine whether Surat Textile Mills is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Surat Textile Mills competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Consumer Durables industry.
Past Performance
How has Surat Textile Mills performed over the past 5 years?
25.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 530185 has high quality earnings.
Growing Profit Margin: 530185's current net profit margins (8.1%) are higher than last year (3.4%).
Past Earnings Growth Analysis
Earnings Trend: 530185's earnings have grown significantly by 25.2% per year over the past 5 years.
Accelerating Growth: 530185's earnings growth over the past year (110.3%) exceeds its 5-year average (25.2% per year).
Earnings vs Industry: 530185 earnings growth over the past year (110.3%) exceeded the Luxury industry 6.4%.
Return on Equity
High ROE: 530185's Return on Equity (12.8%) is considered low.
Next Steps
Financial Health
How is Surat Textile Mills's financial position?
Financial Position Analysis
Short Term Liabilities: 530185's short term assets (₹849.9M) exceed its short term liabilities (₹92.5M).
Long Term Liabilities: 530185's short term assets (₹849.9M) exceed its long term liabilities (₹4.5M).
Debt to Equity History and Analysis
Debt Level: 530185 is debt free.
Reducing Debt: 530185 has no debt compared to 5 years ago when its debt to equity ratio was 2%.
Debt Coverage: 530185 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 530185 has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: 530185 has a low level of unsold assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if 530185's debt is covered by short term assets.
Next Steps
Dividend
What is Surat Textile Mills's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 530185's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate 530185'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 530185's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 530185's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 530185'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?
5.6yrs
Average management tenure
CEO
Manikant Momaya (87yo)
5.75s
Tenure
₹785,844
Compensation
Mr. Manikant R. Momaya serves as the Chairman of Surat Textile Mills Limited and has been its Managing Director since June 1, 2014. Mr. Momaya served as Managing Director at Surat Textile Mills Limited fro ...
CEO Compensation Analysis
Compensation vs Market: Manikant's total compensation ($USD10.43K) is below average for companies of similar size in the Indian market ($USD48.50K).
Compensation vs Earnings: Manikant's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & MD | 5.75yrs | ₹785.84k | no data | |
| CFO & Whole Time Director | 19.42yrs | ₹2.49m | no data | |
| Compliance Officer & Company Secretary | 4.83yrs | ₹198.00k | no data |
5.6yrs
Average Tenure
Experienced Management: 530185's management team is seasoned and experienced (5.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & MD | 5.75yrs | ₹785.84k | no data | |
| CFO & Whole Time Director | 19.42yrs | ₹2.49m | no data | |
| Non-Executive Independent Director | 9.33yrs | ₹113.00k | no data | |
| Independent Director | 5.58yrs | ₹113.00k | no data | |
| Independent Director | 0.67yr | no data | no data |
7.5yrs
Average Tenure
67yo
Average Age
Experienced Board: 530185's board of directors are considered experienced (7.5 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
Surat Textile Mills Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Surat Textile Mills Limited
- Ticker: 530185
- Exchange: BSE
- Founded: 1945
- Industry: Textiles
- Sector: Consumer Durables
- Market Cap: ₹230.947m
- Shares outstanding: 222.06m
- Website: https://www.surattextilemillsltd.com
Number of Employees
Location
- Surat Textile Mills Limited
- Tulsi Krupa Arcade
- 6th Floor
- Surat
- Gujarat
- 395010
- India
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 530185 | BSE (Mumbai Stock Exchange) | Yes | Equity Shares | IN | INR | Aug 2005 |
Biography
Surat Textile Mills Limited manufactures and sells polyester filament yarns, polyester chips, and spun yarn in India. It produces ring spun yarn for domestic market in various product range comprising polyester, viscose, modal, polyester viscose blend, and polyester modal blend. The company was formerly known as Garden Cottons & Yarns Ltd. Surat Textile Mills Limited was incorporated in 1945 and is based in Surat, India.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/03/28 12:32 |
| End of Day Share Price | 2020/03/27 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/03/31 |
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.