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SPL Industries

BSE:532651
Snowflake Description

Excellent balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
532651
BSE
₹1B
Market Cap
  1. Home
  2. IN
  3. Consumer Durables
Company description

SPL Industries Limited designs, manufactures, and sells cotton knitted garments and fabrics in India. The last earnings update was 6 days ago. More info.


Add to Portfolio Compare Print
  • SPL Industries has significant price volatility in the past 3 months.
532651 Share Price and Events
7 Day Returns
-19%
BSE:532651
-2.5%
IN Luxury
-2.1%
IN Market
1 Year Returns
94.9%
BSE:532651
-8.9%
IN Luxury
-8.6%
IN Market
532651 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
SPL Industries (532651) -19% -31% -5.6% 94.9% 86.8% 674.1%
IN Luxury -2.5% -2% -3.9% -8.9% 47.6% 187.3%
IN Market -2.1% -4.5% -3.5% -8.6% 40.3% 78.7%
1 Year Return vs Industry and Market
  • 532651 outperformed the Luxury industry which returned -8.9% over the past year.
  • 532651 outperformed the Market in India which returned -8.6% over the past year.
Price Volatility
532651
Industry
5yr Volatility vs Market

532651 Value

 Is SPL Industries undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of SPL Industries to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for SPL Industries.

BSE:532651 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 13.5%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BSE:532651
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 7.5%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.57
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.574 (1 + (1- 35%) (3.03%))
0.585
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.8 * 7.45%)
13.51%

Discounted Cash Flow Calculation for BSE:532651 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for SPL Industries is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

BSE:532651 DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (INR, Millions) 131.54 156.53 184.71 216.11 250.68
Source Est @ 20%, capped from 24.73% Est @ 19%, capped from 24.73% Est @ 18%, capped from 24.73% Est @ 17%, capped from 24.73% Est @ 16%, capped from 24.73%
Present Value
Discounted (@ 13.51%)
115.88 121.49 126.29 130.18 133.03
Present value of next 5 years cash flows ₹626.87
BSE:532651 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= ₹250.68 × (1 + 7.55%) ÷ (13.51% – 7.55%)
₹4,523.67
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= ₹4,523.67 ÷ (1 + 13.51%)5
₹2,400.60
BSE:532651 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= ₹626.87 + ₹2,400.60
₹3,027.48
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹3,027.48 / 29.00
₹104.4
BSE:532651 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹104.40
Current discount Discount to share price of ₹47.45
= -1 x (₹47.45 - ₹104.40) / ₹104.40
54.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price SPL Industries is available for.
Intrinsic value
>50%
Share price is ₹47.45 vs Future cash flow value of ₹104.4
Current Discount Checks
For SPL Industries to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • SPL Industries's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • SPL Industries's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for SPL Industries's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are SPL Industries's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:532651 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹9.66
BSE:532651 Share Price ** BSE (2019-02-19) in INR ₹47.45
India Luxury Industry PE Ratio Median Figure of 237 Publicly-Listed Luxury Companies 11.54x
India Market PE Ratio Median Figure of 2,715 Publicly-Listed Companies 15.16x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of SPL Industries.

BSE:532651 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:532651 Share Price ÷ EPS (both in INR)

= 47.45 ÷ 9.66

4.91x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SPL Industries is good value based on earnings compared to the IN Luxury industry average.
  • SPL Industries is good value based on earnings compared to the India market.
Price based on expected Growth
Does SPL Industries's expected growth come at a high price?
Raw Data
BSE:532651 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.91x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-21.4%per year
India Luxury Industry PEG Ratio Median Figure of 27 Publicly-Listed Luxury Companies 1.09x
India Market PEG Ratio Median Figure of 606 Publicly-Listed Companies 1.1x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for SPL Industries, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on SPL Industries's assets?
Raw Data
BSE:532651 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹29.74
BSE:532651 Share Price * BSE (2019-02-19) in INR ₹47.45
India Luxury Industry PB Ratio Median Figure of 307 Publicly-Listed Luxury Companies 0.69x
India Market PB Ratio Median Figure of 3,587 Publicly-Listed Companies 1.04x
BSE:532651 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:532651 Share Price ÷ Book Value per Share (both in INR)

= 47.45 ÷ 29.74

1.6x

* Primary Listing of SPL Industries.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SPL Industries is overvalued based on assets compared to the IN Luxury industry average.
X
Value checks
We assess SPL Industries's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
  5. SPL Industries has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

532651 Future Performance

 How is SPL Industries expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover SPL Industries, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-21.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is SPL Industries expected to grow at an attractive rate?
  • SPL Industries's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 7.6%.
Growth vs Market Checks
  • SPL Industries's earnings are expected to decrease over the next 1-3 years, this is below the India market average.
  • Unable to compare SPL Industries's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:532651 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:532651 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -21.4%
India Luxury Industry Earnings Growth Rate Market Cap Weighted Average 18.3%
India Luxury Industry Revenue Growth Rate Market Cap Weighted Average 15%
India Market Earnings Growth Rate Market Cap Weighted Average 18.5%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:532651 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:532651 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 1,495 280
2018-09-30 1,380 287
2018-06-30 1,432 157
2018-03-31 1,727 159 54
2017-12-31 1,908 -3
2017-09-30 1,960 -101
2017-06-30 1,745 -44
2017-03-31 1,506 192 15
2016-12-31 1,494 46
2016-09-30 1,450 85
2016-06-30 1,492 87
2016-03-31 1,488 -90 88

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • SPL Industries's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if SPL Industries is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:532651 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from SPL Industries Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:532651 Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 9.66
2018-09-30 9.91
2018-06-30 5.43
2018-03-31 1.86
2017-12-31 -0.12
2017-09-30 -3.50
2017-06-30 -1.53
2017-03-31 0.50
2016-12-31 1.55
2016-09-30 2.91
2016-06-30 3.00
2016-03-31 3.04

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if SPL Industries will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess SPL Industries's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
SPL Industries has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

532651 Past Performance

  How has SPL Industries performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare SPL Industries's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • SPL Industries has delivered over 20% year on year earnings growth in the past 5 years.
  • SPL Industries has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • SPL Industries has become profitable in the last year making it difficult to compare the IN Luxury industry average.
Earnings and Revenue History
SPL Industries's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from SPL Industries Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:532651 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,495.06 279.92 87.90
2018-09-30 1,380.13 287.26 85.78
2018-06-30 1,432.47 157.37 118.90
2018-03-31 1,727.49 53.87 184.76
2017-12-31 1,908.02 -3.45 261.19
2017-09-30 1,959.72 -101.31 319.55
2017-06-30 1,744.51 -44.47 322.35
2017-03-31 1,506.34 14.51 287.65
2016-12-31 1,494.27 45.78 264.50
2016-09-30 1,450.13 84.71 235.32
2016-06-30 1,492.05 87.18 215.63
2016-03-31 1,488.00 88.28 195.57
2015-12-31 1,226.31 55.03 145.22
2015-09-30 1,072.29 49.79 176.40
2015-06-30 816.03 20.63 159.98
2015-03-31 597.33 5.20 113.29
2014-12-31 490.88 -12.29 139.28
2014-09-30 432.75 -9.90 121.35
2014-06-30 443.48 22.00 64.90
2014-03-31 455.27 27.37 100.33
2013-12-31 430.84 -155.33 65.81
2013-09-30 465.58 -156.44 65.00
2013-06-30 438.95 -199.44 49.84
2013-03-31 396.30 -223.24 68.29
2012-03-31 601.44 -379.58 221.38

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • SPL Industries has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • SPL Industries used its assets more efficiently than the IN Luxury industry average last year based on Return on Assets.
  • SPL Industries has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess SPL Industries's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
SPL Industries has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

532651 Health

 How is SPL Industries's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up SPL Industries's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • SPL Industries is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • SPL Industries's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of SPL Industries's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 11.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from SPL Industries Company Filings, last reported 1 month ago.

BSE:532651 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 861.16 43.10 28.96
2018-09-30 861.16 43.10 28.96
2018-06-30 704.64 24.46 35.83
2018-03-31 704.64 24.93 26.28
2017-12-31 561.95 63.30 260.20
2017-09-30 561.95 63.30 260.20
2017-06-30 638.82 151.33 51.68
2017-03-31 649.44 149.90 12.60
2016-12-31 663.26 103.19 14.62
2016-09-30 663.26 103.19 14.62
2016-06-30 635.58 183.74 22.38
2016-03-31 635.58 183.74 22.38
2015-12-31 578.55 5.50 21.73
2015-09-30 578.55 5.50 21.73
2015-06-30 547.30 53.79 13.08
2015-03-31 547.30 53.79 12.26
2014-12-31 528.47 0.00 8.58
2014-09-30 528.47 0.00 8.58
2014-06-30 541.80 0.00 3.12
2014-03-31 541.80 0.53 3.12
2013-12-31 538.36 21.37 7.42
2013-09-30 538.36 21.37 7.42
2013-06-30 514.40 31.30 9.00
2013-03-31 514.43 43.68 8.95
2012-03-31 737.68 653.05 8.94
  • SPL Industries's level of debt (5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (3.9% vs 5% today).
  • Debt is well covered by operating cash flow (369.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 99.9x coverage).
X
Financial health checks
We assess SPL Industries's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. SPL Industries has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

532651 Dividends

 What is SPL Industries's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from SPL Industries dividends.
If you bought ₹2,000 of SPL Industries shares you are expected to receive ₹0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate SPL Industries's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate SPL Industries's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:532651 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Luxury Industry Average Dividend Yield Market Cap Weighted Average of 109 Stocks 0.7%
India Market Average Dividend Yield Market Cap Weighted Average of 1397 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as SPL Industries has not reported any payouts.
  • Unable to verify if SPL Industries's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of SPL Industries's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as SPL Industries has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess SPL Industries's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can SPL Industries afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. SPL Industries has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

532651 Management

 What is the CEO of SPL Industries's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mukesh Aggarwal
COMPENSATION ₹6,000,000
AGE 53
CEO Bio

Mr. Mukesh Kumar Aggarwal serves as the Chairman of the Board and Managing Director/Chief Executive Officer of SPL Industries Limited. Mr. Aggarwal has very vast experience in managing the affairs of garment manufacturing enterprises. He has been a Non-Independent Executive Director of SPL Industries Limited since April 01, 2010. Mr. Aggarwal is a Commerce Graduate.

CEO Compensation
  • Mukesh's compensation has been consistent with company performance over the past year.
  • Mukesh's remuneration is higher than average for companies of similar size in India.
Management Team

Mukesh Aggarwal

TITLE
Chairman of the Board & MD/CEO
COMPENSATION
₹6M
AGE
53

Sanjay Gupta

TITLE
Chief Financial Officer
COMPENSATION
₹803K
TENURE
3.8 yrs

Ashish Yadav

TITLE
Compliance Officer & Company Secretary
COMPENSATION
₹360K
TENURE
2.2 yrs

Vijay Jindal

TITLE
Executive Director
AGE
61
Board of Directors Tenure

Average tenure and age of the SPL Industries board of directors in years:

7.7
Average Tenure
54
Average Age
  • The tenure for the SPL Industries board of directors is about average.
Board of Directors

Mukesh Aggarwal

TITLE
Chairman of the Board & MD/CEO
COMPENSATION
₹6M
AGE
53

Vijay Jindal

TITLE
Executive Director
AGE
61
TENURE
15.1 yrs

Chander Jeet Bhatia

TITLE
Independent Director
AGE
61
TENURE
7.7 yrs

Rajesh Goyal

TITLE
Independent Director
AGE
50
TENURE
7.7 yrs

Arun Kumar

TITLE
Independent Director
AGE
50
TENURE
7.7 yrs

Shashi Aggarwal

TITLE
Woman Director
AGE
55
TENURE
5.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
10. Jul 18 Buy Kushal Aggarawal Individual 19. Jun 18 28. Jun 18 23,165 ₹24.92 ₹577,303
16. Jul 18 Buy Vipul Aggarwal Individual 02. Jul 18 12. Jul 18 26,744 ₹24.78 ₹662,760
25. May 18 Buy Vipul Aggarwal Individual 14. May 18 21. May 18 48,721 ₹24.63 ₹1,199,868
25. May 18 Buy Vipul Aggarawal Individual 14. May 18 21. May 18 48,721 ₹24.63 ₹1,199,868
24. May 18 Buy Vipul Aggarawal Individual 14. May 18 22. May 18 20,099 ₹24.61 ₹494,734
27. Apr 18 Buy Kiran Aggarwal Individual 26. Feb 18 31. Mar 18 59,500 ₹24.47 ₹1,456,148
27. Apr 18 Buy Nishant Aggarwal Individual 01. Jan 18 31. Mar 18 42,591 ₹24.54 ₹1,045,168
X
Management checks
We assess SPL Industries's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. SPL Industries has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

532651 News

Simply Wall St News

532651 Company Info

Map
Description

SPL Industries Limited designs, manufactures, and sells cotton knitted garments and fabrics in India. The company offers made ups; and outer wear, such as T shirts, sweat shirts, polo shirts, etc. It also trades in garments; and exports its products. The company was formerly known as Shivalik Prints Private Limited and changed its name to SPL Industries Limited in 1994. SPL Industries Limited was incorporated in 1991 and is based in Faridabad, India.

Details
Name: SPL Industries Limited
532651
Exchange: BSE
Founded: 1991
₹1,421,000,196
29,000,004
Website: http://www.spllimited.com
Address: SPL Industries Limited
Plot No. 21,
Sector - 6,
Faridabad,
Haryana, 121006,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 532651 Equity Shares Mumbai Stock Exchange IN INR 26. Jul 2005
NSEI SPLIL Equity Shares National Stock Exchange of India IN INR 26. Jul 2005
Number of employees
Current staff
Staff numbers
1,731
SPL Industries employees.
Industry
Apparel, Accessories and Luxury Goods
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/19 12:54
End of day share price update: 2019/02/19 00:00
Last earnings filing: 2019/02/13
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.