BSE:530231

Stock Analysis Report

Executive Summary

Subhash Silk Mills Limited manufactures and sells readymade garments to the service sector in India.

Rewards

Became profitable this year

Risk Analysis

Earnings have declined by -36.51% per year over past 5 years

Makes less than USD$1m in revenue (₹22M)

Does not have a meaningful market cap (₹59M)



Snowflake Analysis

Questionable track record with imperfect balance sheet.

Share Price & News

How has Subhash Silk Mills's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 530231 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

530231

-0.5%

IN Luxury

-1.5%

IN Market


1 Year Return

n/a

530231

18.2%

IN Luxury

10.7%

IN Market

Return vs Industry: Insufficient data to determine how 530231 performed against the Indian Luxury industry.

Return vs Market: Insufficient data to determine how 530231 performed against the Indian Market.


Shareholder returns

530231IndustryMarket
7 Day0%-0.5%-1.5%
30 Day0%3.0%-2.7%
90 Day0%9.2%1.3%
1 Yearn/a19.0%18.2%12.7%10.7%
3 Yearn/a52.2%48.8%22.0%15.1%
5 Year40.8%40.8%106.9%100.1%34.5%22.0%

Price Volatility Vs. Market

How volatile is Subhash Silk Mills's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Subhash Silk Mills undervalued compared to its fair value and its price relative to the market?

60.63x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 530231's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 530231's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 530231 is poor value based on its PE Ratio (60.6x) compared to the Luxury industry average (11.2x).

PE vs Market: 530231 is poor value based on its PE Ratio (60.6x) compared to the Indian market (13.8x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 530231's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 530231 is overvalued based on its PB Ratio (0.6x) compared to the IN Luxury industry average (0.6x).


Next Steps

Future Growth

How is Subhash Silk Mills 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 Subhash Silk 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

Past Performance

How has Subhash Silk Mills performed over the past 5 years?

-36.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 530231 has high quality earnings.

Growing Profit Margin: 530231 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 530231's earnings have declined by -36.5% per year over the past 5 years.

Accelerating Growth: 530231 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 530231 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Luxury industry (1.2%).


Return on Equity

High ROE: 530231's Return on Equity (0.9%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Subhash Silk Mills's financial position?


Financial Position Analysis

Short Term Liabilities: 530231's short term assets (₹25.2M) exceed its short term liabilities (₹6.3M).

Long Term Liabilities: 530231's short term assets (₹25.2M) do not cover its long term liabilities (₹56.0M).


Debt to Equity History and Analysis

Debt Level: 530231's debt to equity ratio (15.1%) is considered satisfactory.

Reducing Debt: 530231's debt to equity ratio has increased from 4.4% to 15.1% over the past 5 years.

Debt Coverage: 530231's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 530231's interest payments on its debt are not well covered by EBIT (2.2x coverage).


Balance Sheet

Inventory Level: 530231 has a high level of physical assets or inventory.

Debt Coverage by Assets: 530231's debt is covered by short term assets (assets are 1.7x debt).


Next Steps

Dividend

What is Subhash Silk Mills's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%0.6%markettop25%2.6%industryaverage0.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate 530231's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 530231'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 530231's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 530231'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 530231'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?

4.3yrs

Average management tenure


CEO

Dhiraj Mehra (45yo)

6.8yrs

Tenure

₹1,800,000

Compensation

Mr. Dhiraj Subhash Mehra has been the Managing Director of Subhash Silk Mills Limited since March 2013. Mr. Mehra has been Chief Compliance Officer of Subhash Silk Mills Ltd. since July 25, 2016 and as its ...


CEO Compensation Analysis

Compensation vs Market: Dhiraj's total compensation ($USD25.04K) is below average for companies of similar size in the Indian market ($USD50.75K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Sumeet Mehra
Executive Chairman7yrs₹600.00k5.56% 3.3m
Dhiraj Mehra
MD, Chief Compliance Officer & Executive Director6.8yrs₹1.80m6.61% 3.9m
Priyanka Mankame
Chief Financial Officer4.9yrs₹120.00kno data
Nameeta Mehra
Woman Executive Director5.4yrsno data11.25% 6.7m
Paridhi Somani
Company Secretary3.7yrs₹180.00kno data
Nandini Dhowan
Head of Design3.5yrsno datano data

4.3yrs

Average Tenure

49yo

Average Age

Experienced Management: 530231's management team is considered experienced (4.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Sumeet Mehra
Executive Chairman7yrs₹600.00k5.56% 3.3m
Dhiraj Mehra
MD, Chief Compliance Officer & Executive Director6.8yrs₹1.80m6.61% 3.9m
Nameeta Mehra
Woman Executive Director5.4yrsno data11.25% 6.7m
Lav Vadehra
Independent Non-Executive Director17.5yrs₹10.00kno data
Radhe Malhotra
Independent Non-Executive Director14.3yrs₹10.00kno data
Anant Singhania
Independent Director5.4yrs₹10.00kno data

10.1yrs

Average Tenure

59.5yo

Average Age

Experienced Board: 530231's board of directors are seasoned and experienced ( 10.1 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

Subhash Silk Mills Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Subhash Silk Mills Limited
  • Ticker: 530231
  • Exchange: BSE
  • Founded: 1949
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: ₹59.367m
  • Shares outstanding: 4.24m
  • Website: https://www.subhashsilkmills.com

Number of Employees


Location

  • Subhash Silk Mills Limited
  • 89 Gautam Complex
  • Sector 11
  • Navi Mumbai
  • Maharashtra
  • 400614
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
530231BSE (Mumbai Stock Exchange)YesEquity SharesININRDec 2012

Biography

Subhash Silk Mills Limited manufactures and sells readymade garments to the service sector in India. It also sells fabrics to various traders. The company sells its products under the Vastra Creations name. It also engages in warehousing activities. The company was founded in 1949 and is based in Navi Mumbai, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/01/07 12:32
End of Day Share Price2019/10/10 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.