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SEL Manufacturing

BSE:532886
Snowflake Description

Slightly overvalued with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
532886
BSE
₹331M
Market Cap
  1. Home
  2. IN
  3. Consumer Durables
Company description

SEL Manufacturing Company Limited, an integrated textile company, engages in spinning, knitting, and processing of yarns and fabrics in India and internationally. The last earnings update was 103 days ago. More info.


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  • SEL Manufacturing has significant price volatility in the past 3 months.
532886 Share Price and Events
7 Day Returns
0%
BSE:532886
1.2%
IN Luxury
-0.1%
IN Market
1 Year Returns
-49.2%
BSE:532886
-0.3%
IN Luxury
-3.7%
IN Market
532886 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
SEL Manufacturing (532886) 0% -13.9% -5.7% -49.2% -68.1% -84.2%
IN Luxury 1.2% -2.2% 7.2% -0.3% 50.1% 125.7%
IN Market -0.1% -5% 4.7% -3.7% 34.5% 38.6%
1 Year Return vs Industry and Market
  • 532886 underperformed the Luxury industry which returned -0.3% over the past year.
  • 532886 underperformed the Market in India which returned -3.7% over the past year.
Price Volatility
532886
Industry
5yr Volatility vs Market
Related Companies

Value

 Is SEL Manufacturing 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 SEL Manufacturing 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 SEL Manufacturing.

BSE:532886 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 24.8%
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:532886
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.722 (1 + (1- 35%) (18065.56%))
57.634
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (2 * 8.6%)
24.75%

Discounted Cash Flow Calculation for BSE:532886 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for SEL Manufacturing is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

BSE:532886 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 24.75%)
2019 3,727.75 Est @ 12.24% 2,988.17
2020 4,131.50 Est @ 10.83% 2,654.77
2021 4,538.32 Est @ 9.85% 2,337.62
2022 4,953.92 Est @ 9.16% 2,045.44
2023 5,383.70 Est @ 8.68% 1,781.88
2024 5,832.58 Est @ 8.34% 1,547.45
2025 6,305.10 Est @ 8.1% 1,340.94
2026 6,805.47 Est @ 7.94% 1,160.20
2027 7,337.68 Est @ 7.82% 1,002.75
2028 7,905.55 Est @ 7.74% 866.02
Present value of next 10 years cash flows ₹17,725.24
BSE:532886 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹7,905.55 × (1 + 7.55%) ÷ (24.75% – 7.55%)
₹49,432.66
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹49,432.66 ÷ (1 + 24.75%)10
₹5,415.12
BSE:532886 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹17,725.24 + ₹5,415.12
₹23,140.36
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹23,140.36 / 331.35
₹69.84
BSE:532886 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BSE:532886 represents 0.99x of NSEI:SELMCL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 69.84 x 0.99
₹69.14
Value per share (INR) From above. ₹69.14
Current discount Discount to share price of ₹0.99
= -1 x (₹0.99 - ₹69.14) / ₹69.14
98.6%

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

Current Discount
Amount off the current price SEL Manufacturing is available for.
Intrinsic value
>50%
Share price is ₹0.99 vs Future cash flow value of ₹69.14
Current Discount Checks
For SEL Manufacturing to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • SEL Manufacturing's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • SEL Manufacturing'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 SEL Manufacturing's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are SEL Manufacturing's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:532886 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹-53.82
NSEI:SELMCL Share Price ** NSEI (2019-05-17) in INR ₹1
India Luxury Industry PE Ratio Median Figure of 239 Publicly-Listed Luxury Companies 11.32x
India Market PE Ratio Median Figure of 2,758 Publicly-Listed Companies 15.12x

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

** Primary Listing of SEL Manufacturing.

BSE:532886 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NSEI:SELMCL Share Price ÷ EPS (both in INR)

= 1 ÷ -53.82

-0.02x

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

  • SEL Manufacturing is loss making, we can't compare its value to the IN Luxury industry average.
  • SEL Manufacturing is loss making, we can't compare the value of its earnings to the India market.
Price based on expected Growth
Does SEL Manufacturing's expected growth come at a high price?
Raw Data
BSE:532886 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.02x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
India Luxury Industry PEG Ratio Median Figure of 23 Publicly-Listed Luxury Companies 1.09x
India Market PEG Ratio Median Figure of 559 Publicly-Listed Companies 1.25x

*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 SEL Manufacturing, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on SEL Manufacturing's assets?
Raw Data
BSE:532886 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹-77.58
NSEI:SELMCL Share Price * NSEI (2019-05-17) in INR ₹1
India Luxury Industry PB Ratio Median Figure of 311 Publicly-Listed Luxury Companies 0.69x
India Market PB Ratio Median Figure of 3,638 Publicly-Listed Companies 1.02x
BSE:532886 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NSEI:SELMCL Share Price ÷ Book Value per Share (both in INR)

= 1 ÷ -77.58

-0.01x

* Primary Listing of SEL Manufacturing.

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

  • SEL Manufacturing has negative assets, we can't compare the value of its assets to the IN Luxury industry average.
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Value checks
We assess SEL Manufacturing'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. SEL Manufacturing has a total score of 2/6, 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.

Future Performance

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

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 SEL Manufacturing 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
18.8%
Expected Luxury industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is SEL Manufacturing expected to grow at an attractive rate?
  • Unable to compare SEL Manufacturing's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare SEL Manufacturing's earnings growth to the India market average as no estimate data is available.
  • Unable to compare SEL Manufacturing's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:532886 Future Growth Rates Data Sources
Data Point Source Value (per year)
India Luxury Industry Earnings Growth Rate Market Cap Weighted Average 18.8%
India Luxury Industry Revenue Growth Rate Market Cap Weighted Average 14.2%
India Market Earnings Growth Rate Market Cap Weighted Average 16.8%
India Market Revenue Growth Rate Market Cap Weighted Average 10.4%

*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:532886 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months 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:532886 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 7,658 -17,828
2018-09-30 8,853 -19,724
2018-06-30 9,775 -23,911
2018-03-31 13,018 3,296 -25,275
2017-12-31 17,103 -11,826
2017-09-30 19,524 -9,333
2017-06-30 21,019 -6,052
2017-03-31 21,797 5,172 -5,727
2016-12-31 21,314 -4,682
2016-09-30 22,702 -5,021
2016-06-30 24,617 -4,901
2016-03-31 25,432 2,395 -3,700

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if SEL Manufacturing is high growth as no earnings estimate data is available.
  • Unable to determine if SEL Manufacturing 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:532886 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from SEL Manufacturing Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:532886 Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 -53.82
2018-09-30 -59.52
2018-06-30 -72.20
2018-03-31 -76.28
2017-12-31 -35.70
2017-09-30 -28.17
2017-06-30 -18.27
2017-03-31 -17.28
2016-12-31 -14.14
2016-09-30 -15.16
2016-06-30 -14.80
2016-03-31 -11.17

*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 SEL Manufacturing will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of 532886’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. SEL Manufacturing's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Consumer Durables companies here
  3. SEL Manufacturing's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess SEL Manufacturing'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.
SEL Manufacturing 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.

Past Performance

  How has SEL Manufacturing 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 SEL Manufacturing'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.
  • SEL Manufacturing does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare SEL Manufacturing's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare SEL Manufacturing's 1-year growth to the IN Luxury industry average as it is not currently profitable.
Earnings and Revenue History
SEL Manufacturing'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 SEL Manufacturing Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:532886 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 7,658.04 -17,828.32 1,231.04
2018-09-30 8,853.26 -19,724.09 1,258.19
2018-06-30 9,775.11 -23,910.77 1,251.07
2018-03-31 13,018.30 -25,274.83 1,282.90
2017-12-31 17,103.11 -11,825.60 1,301.96
2017-09-30 19,524.22 -9,332.57 1,333.29
2017-06-30 21,019.40 -6,052.42 1,324.05
2017-03-31 21,796.95 -5,726.78 1,330.32
2016-12-31 21,314.04 -4,682.16 1,283.55
2016-09-30 22,702.12 -5,020.53 1,303.71
2016-06-30 24,616.81 -4,901.00 1,329.50
2016-03-31 25,431.83 -3,699.76 1,363.77
2015-12-31 28,927.56 -3,485.13 2,376.55
2015-09-30 29,502.75 -2,041.57 2,378.72
2015-06-30 27,993.36 -1,717.20 1,362.76
2015-03-31 29,638.57 -1,495.46 1,343.46
2014-12-31 26,653.44 -3,682.19 2,385.23
2014-09-30 29,121.53 -4,277.74 2,378.38
2014-06-30 30,412.23 -3,846.25 1,412.81
2014-03-31 36,888.76 -2,943.87 2,452.45
2013-12-31 45,799.27 486.33 2,309.25
2013-09-30 46,433.96 1,612.66 2,391.63
2013-06-30 44,794.59 1,739.21 1,582.17
2013-03-31 38,789.02 1,379.16 2,271.38
2012-12-31 31,282.12 879.19 1,774.61
2012-09-30 25,609.56 753.36 1,557.30
2012-06-30 23,178.66 899.68 764.60

*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.
  • It is difficult to establish if SEL Manufacturing has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if SEL Manufacturing has efficiently used its assets last year compared to the IN Luxury industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if SEL Manufacturing improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.
X
Past performance checks
We assess SEL Manufacturing'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.
SEL Manufacturing has a total score of 0/6, 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.

Health

 How is SEL Manufacturing'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 SEL Manufacturing's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • SEL Manufacturing's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • SEL Manufacturing's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of SEL Manufacturing'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.
  • SEL Manufacturing has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
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 SEL Manufacturing Company Filings, last reported 4 months ago.

BSE:532886 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 -25,660.75 59,859.70 41.16
2018-09-30 -25,660.75 59,859.70 41.16
2018-06-30 -23,866.38 44,766.64 3,450.39
2018-03-31 -23,866.38 56,891.51 48.13
2017-12-31 -6,576.13 46,587.14 67.06
2017-09-30 -6,576.13 46,587.14 67.06
2017-06-30 731.44 49,434.77 146.58
2017-03-31 1,193.16 56,582.61 146.58
2016-12-31 3,067.08 50,715.86 168.82
2016-09-30 3,067.08 50,715.86 168.82
2016-06-30 7,473.62 57,582.61 532.97
2016-03-31 6,464.25 58,279.71 532.97
2015-12-31 9,589.37 54,236.25 498.14
2015-09-30 9,589.37 54,236.25 498.14
2015-06-30 10,922.91 50,532.40 975.15
2015-03-31 10,922.91 55,019.31 975.14
2014-12-31 10,274.16 48,605.31 1,159.76
2014-09-30 10,274.16 48,605.31 1,159.76
2014-06-30 12,024.17 51,339.54 419.35
2014-03-31 12,024.17 47,931.19 419.35
2013-12-31 15,799.72 49,200.73 285.21
2013-09-30 15,799.72 49,200.73 285.21
2013-06-30 14,891.82 39,035.80 1,344.76
2013-03-31 14,891.82 42,552.86 1,344.76
2012-12-31 13,802.51 36,438.03 3,433.51
2012-09-30 13,802.51 36,438.03 3,433.51
2012-06-30 10,961.96 30,100.90 882.24
  • SEL Manufacturing has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if SEL Manufacturing's debt level has increased considering it has negative shareholder equity.
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.

  • Whilst loss making SEL Manufacturing has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making SEL Manufacturing has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -21.4% per year.
X
Financial health checks
We assess SEL Manufacturing'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. SEL Manufacturing has a total score of 2/6, 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.

Dividends

 What is SEL Manufacturing'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 SEL Manufacturing dividends.
If you bought ₹2,000 of SEL Manufacturing 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 SEL Manufacturing's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate SEL Manufacturing'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:532886 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 107 Stocks 0.6%
India Market Average Dividend Yield Market Cap Weighted Average of 1398 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.

BSE:532886 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2010-01-18 0.000 0.000
2009-11-03 0.000 0.000
2009-07-31 0.000 0.000
2009-07-01 0.000 0.000

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

  • Unable to perform a dividend volatility check as SEL Manufacturing has not reported any payouts.
  • Unable to verify if SEL Manufacturing's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of SEL Manufacturing's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as SEL Manufacturing 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 SEL Manufacturing'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 SEL Manufacturing afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. SEL Manufacturing 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.

Management

 What is the CEO of SEL Manufacturing'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
Vinod Goyal
COMPENSATION ₹0
AGE 59
CEO Bio

Mr. Vinod Kumar Goyal, MBA, serves as the Chief Executive Officer of SEL Manufacturing Co., Ltd. and has been its Executive Director since July 13, 2010.

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

Vinod Goyal

TITLE
CEO & Executive Director
AGE
59

Neeraj Saluja

TITLE
COO, MD & Director
AGE
51

Navneet Gupta

TITLE
CFO, Compliance Officer & Executive Director
AGE
48

Dhiraj Saluja

TITLE
Chief Marketing Officer
AGE
46
TENURE
0.6 yrs

Manuj Mehta

TITLE
President of HR
AGE
48

Chhotu Khan

TITLE
President of Marketing
AGE
44

Jayanta Das

TITLE
President of Operations
AGE
54

Rahul Kapoor

TITLE
Company Secretary
COMPENSATION
₹2M
AGE
42

Rajesh Singla

TITLE
President of Raw Materials
AGE
53

Pradeep Aggarwal

TITLE
President of Projects
AGE
64
Board of Directors Tenure

Average tenure and age of the SEL Manufacturing board of directors in years:

10.6
Average Tenure
56
Average Age
  • The average tenure for the SEL Manufacturing board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Ram Saluja

TITLE
Chairman
AGE
75

Vinod Goyal

TITLE
CEO & Executive Director
AGE
59
TENURE
8.8 yrs

Neeraj Saluja

TITLE
COO, MD & Director
AGE
51
TENURE
13.2 yrs

Navneet Gupta

TITLE
CFO, Compliance Officer & Executive Director
AGE
48

Dhiraj Saluja

TITLE
Chief Marketing Officer
AGE
46
TENURE
18.5 yrs

Ashwani Kumar

TITLE
Independent Director
COMPENSATION
₹34K
AGE
63
TENURE
13.1 yrs

Ranjan Madaan

TITLE
Independent Director
COMPENSATION
₹136K
AGE
43
TENURE
10.6 yrs

Paramjit Kaur

TITLE
Additional Independent Director
COMPENSATION
₹50K
AGE
56
TENURE
4.2 yrs

Joginder Gupta

TITLE
Nominee Director
COMPENSATION
₹40K
AGE
65
TENURE
3.2 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 (₹)
X
Management checks
We assess SEL Manufacturing'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. SEL Manufacturing 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.

News

Simply Wall St News

Company Info

Description

SEL Manufacturing Company Limited, an integrated textile company, engages in spinning, knitting, and processing of yarns and fabrics in India and internationally. The company offers cotton combed/carded knitting yarns, slub yarns, organic cotton yarns, poly/cotton blends, TFO double yarns, elitwist yarns, compact yarns, polyester/viscose blended yarns, cotton/modal blends, cotton bamboo blends, zero twist yarns, and melange yarns. It also provides terry towels, including beach, bath, kitchen, Christmas, and embroidered/embellished towels, as well as terry made ups; and readymade garments, such as T-shirts, tops, inner wears, night suits, boxers, sweaters, etc. for men and boys, and women and girls, as well as infants, toddlers, and kids. In addition, the company offers knitted fabrics consisting of single jersey, pique, sheer jersey, interlock, waffle, ottoman, flat back rib, yarn dyed striper, mini-jacquard, electronic jacquard, velour, pointel, suede, rib, variegated rib, cotton fleece, and polyester fleece fabrics, as well as knitted garments, processed fabrics, and various kinds of yarn. SEL Manufacturing Company Limited was founded in 1969 and is headquartered in Ludhiana, India.

Details
Name: SEL Manufacturing Company Limited
532886
Exchange: BSE
Founded: 1969
₹331,347,000
331,347,000
Website: http://www.selindia.in
Address: SEL Manufacturing Company Limited
274, Dhandari Khurd,
G.T. Road,
Ludhiana,
Punjab, 141014,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NSEI SELMCL Equity Shares National Stock Exchange of India IN INR 21. Aug 2007
BSE 532886 Equity Shares Mumbai Stock Exchange IN INR 21. Aug 2007
BDL SEL10 GDR EACH REPR 100 ORD INR10 REG'S' Bourse de Luxembourg LU USD 10. May 2010
BDL SELM1 GDR REPR 1 ORD INR10 REG'S' Bourse de Luxembourg LU USD 21. Jun 2011
Number of employees
Current staff
Staff numbers
0
SEL Manufacturing employees.
Industry
Textiles
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/19 12:59
End of day share price update: 2019/05/17 00:00
Last earnings filing: 2019/02/05
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.