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Simplex Mills

BSE:533018
Snowflake Description

Mediocre balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
533018
BSE
₹34M
Market Cap
  1. Home
  2. IN
  3. Consumer Durables
Company description

Simplex Mills Company Limited manufactures and sells industrial cloth and cotton yarn primarily in India. The last earnings update was 8 days ago. More info.


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533018 Share Price and Events
7 Day Returns
0%
BSE:533018
-1.3%
IN Luxury
-3.1%
IN Market
1 Year Returns
6.7%
BSE:533018
-8.5%
IN Luxury
-9.2%
IN Market
533018 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Simplex Mills (533018) 0% 0% - 6.7% 40% 22.7%
IN Luxury -1.3% -0.8% -1.2% -8.5% 51.9% 196.8%
IN Market -3.1% -3.8% -2.9% -9.2% 43.1% 83.1%
1 Year Return vs Industry and Market
  • 533018 outperformed the Luxury industry which returned -8.5% over the past year.
  • 533018 outperformed the Market in India which returned -9.2% over the past year.
Price Volatility
533018
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Simplex Mills 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 Simplex Mills 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 Simplex Mills.

BSE:533018 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 18.6%
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:533018
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 0.58
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.575 (1 + (1- 35%) (241.74%))
1.479
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.48
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.479 * 7.45%)
18.57%

Discounted Cash Flow Calculation for BSE:533018 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Simplex Mills 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:533018 DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (INR, Millions) 1.41 1.14 0.93 0.78 0.65
Source Est @ -20%, capped from -93.49% Est @ -19%, capped from -93.49% Est @ -18%, capped from -93.49% Est @ -17%, capped from -93.49% Est @ -16%, capped from -93.49%
Present Value
Discounted (@ 18.57%)
1.19 0.81 0.56 0.39 0.28
Present value of next 5 years cash flows ₹3.23
BSE:533018 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= ₹0.65 × (1 + 7.55%) ÷ (18.57% – 7.55%)
₹6.36
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= ₹6.36 ÷ (1 + 18.57%)5
₹2.71
BSE:533018 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= ₹3.23 + ₹2.71
₹5.94
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹5.94 / 3.00
₹1.98
BSE:533018 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹1.98
Current discount Discount to share price of ₹11.20
= -1 x (₹11.20 - ₹1.98) / ₹1.98
-465.8%

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

  • The current share price of Simplex Mills is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Simplex Mills's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Simplex Mills's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:533018 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹-1.71
BSE:533018 Share Price ** BSE (2018-12-04) in INR ₹11.2
India Luxury Industry PE Ratio Median Figure of 237 Publicly-Listed Luxury Companies 11.67x
India Market PE Ratio Median Figure of 2,734 Publicly-Listed Companies 15.39x

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

** Primary Listing of Simplex Mills.

BSE:533018 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:533018 Share Price ÷ EPS (both in INR)

= 11.2 ÷ -1.71

-6.56x

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

  • Simplex Mills is loss making, we can't compare its value to the IN Luxury industry average.
  • Simplex Mills is loss making, we can't compare the value of its earnings to the India market.
Price based on expected Growth
Does Simplex Mills's expected growth come at a high price?
Raw Data
BSE:533018 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -6.56x
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 28 Publicly-Listed Luxury Companies 1.11x
India Market PEG Ratio Median Figure of 608 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 Simplex Mills, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Simplex Mills's assets?
Raw Data
BSE:533018 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹-15.89
BSE:533018 Share Price * BSE (2018-12-04) in INR ₹11.2
India Luxury Industry PB Ratio Median Figure of 307 Publicly-Listed Luxury Companies 0.71x
India Market PB Ratio Median Figure of 3,588 Publicly-Listed Companies 1.06x
BSE:533018 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:533018 Share Price ÷ Book Value per Share (both in INR)

= 11.2 ÷ -15.89

-0.7x

* Primary Listing of Simplex Mills.

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

  • Simplex Mills has negative assets, we can't compare the value of its assets to the IN Luxury industry average.
X
Value checks
We assess Simplex Mills'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. Simplex Mills has a total score of 0/6, 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 Simplex Mills 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 Simplex 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 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
18.3%
Expected Luxury industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Simplex Mills expected to grow at an attractive rate?
  • Unable to compare Simplex Mills's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Simplex Mills's earnings growth to the India market average as no estimate data is available.
  • Unable to compare Simplex Mills's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:533018 Future Growth Rates Data Sources
Data Point Source Value (per year)
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 18.4%
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:533018 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:533018 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 1 -5
2018-09-30 1 -5
2018-06-30 1 -4
2018-03-31 1 1 -4
2017-12-31 1 -1
2017-09-30 1 -1
2017-06-30 1 -1
2017-03-31 1 -5 -2
2016-12-31 2 -7
2016-09-30 2 -9
2016-06-30 2 -16
2016-03-31 1 5 -17

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Simplex Mills is high growth as no earnings estimate data is available.
  • Unable to determine if Simplex Mills 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:533018 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 Simplex Mills Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:533018 Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 -1.71
2018-09-30 -1.84
2018-06-30 -1.48
2018-03-31 -1.44
2017-12-31 -0.24
2017-09-30 -0.20
2017-06-30 -0.20
2017-03-31 -0.76
2016-12-31 -2.35
2016-09-30 -3.00
2016-06-30 -5.30
2016-03-31 -5.61

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

Next steps:

  1. Simplex Mills'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
  2. Simplex Mills's competitive advantages and company strategy can generally be found in its financial reports archived here.
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Simplex Mills'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.
Simplex Mills 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 Simplex Mills 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 Simplex Mills'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.
  • Simplex Mills does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Simplex Mills's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Simplex Mills's 1-year growth to the IN Luxury industry average as it is not currently profitable.
Earnings and Revenue History
Simplex Mills'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 Simplex Mills Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:533018 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 1.02 -5.10 0.12
2018-09-30 1.02 -5.50 0.03
2018-06-30 1.02 -4.45 0.03
2018-03-31 1.03 -4.33 0.03
2017-12-31 0.77 -0.73 0.04
2017-09-30 0.77 -0.61 0.04
2017-06-30 0.77 -0.61 0.04
2017-03-31 1.24 -2.27 0.04
2016-12-31 1.55 -7.07 -0.17
2016-09-30 1.55 -9.01 -0.12
2016-06-30 1.56 -15.90 -0.09
2016-03-31 1.07 -16.84 0.41
2015-12-31 0.21 -19.58 3.53
2015-09-30 0.23 -24.17 5.00
2015-06-30 0.14 -19.18 6.65
2015-03-31 0.47 -72.52 10.33
2014-12-31 3.61 -75.87 19.30
2014-09-30 33.55 -31.47 25.48
2014-06-30 68.25 -34.05 31.56
2014-03-31 112.93 -26.06 32.54
2013-12-31 158.84 -17.50 35.28
2013-09-30 165.22 -11.26 34.61
2013-06-30 166.27 -6.18 33.84
2013-03-31 167.66 -2.27 32.84
2012-12-31 155.25 2.32 30.02
2012-09-30 149.13 4.28 29.44
2012-06-30 153.01 4.30 35.17
2012-03-31 133.85 -18.08 28.64

*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 Simplex Mills 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 Simplex Mills 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 Simplex Mills 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 Simplex Mills'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.
Simplex Mills 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 Simplex Mills'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 Simplex Mills's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Simplex Mills's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Simplex Mills's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Simplex Mills'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.
  • Simplex Mills 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 Simplex Mills Company Filings, last reported 1 month ago.

BSE:533018 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 -47.89 81.24 0.75
2018-09-30 -47.89 81.24 0.75
2018-06-30 -45.39 81.72 2.12
2018-03-31 -45.39 81.72 2.12
2017-12-31 -42.39 82.02 1.25
2017-09-30 -42.39 82.02 1.25
2017-06-30 -41.06 81.72 0.78
2017-03-31 -41.06 81.72 0.78
2016-12-31 -41.78 81.72 2.00
2016-09-30 -41.78 81.72 2.00
2016-06-30 -38.79 81.72 2.61
2016-03-31 -38.79 81.72 2.61
2015-12-31 -32.77 75.82 2.44
2015-09-30 -32.77 75.82 2.44
2015-06-30 -21.95 74.51 0.59
2015-03-31 -21.95 74.51 0.59
2014-12-31 -8.60 72.31 3.04
2014-09-30 -8.60 72.31 3.04
2014-06-30 83.55 10.55 0.21
2014-03-31 83.55 10.55 0.21
2013-12-31 101.78 16.91 0.42
2013-09-30 101.78 16.91 0.42
2013-06-30 109.61 11.94 0.35
2013-03-31 109.61 11.94 0.35
2012-12-31
2012-09-30
2012-06-30 111.87 18.07 1.42
2012-03-31 111.87 18.07 1.42
  • Simplex Mills has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Simplex Mills'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 Simplex Mills has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Simplex Mills has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 60.3% per year.
X
Financial health checks
We assess Simplex Mills'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. Simplex Mills has a total score of 3/6, 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 Simplex Mills'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 Simplex Mills dividends.
If you bought ₹2,000 of Simplex Mills 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 Simplex Mills's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Simplex Mills'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:533018 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 0.6%
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 Simplex Mills has not reported any payouts.
  • Unable to verify if Simplex Mills's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Simplex Mills's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Simplex Mills 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 Simplex Mills'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 Simplex Mills afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Simplex Mills 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 Simplex Mills'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.
  • Simplex Mills has no CEO, or we have no data on them.
Management Team
Board of Directors Tenure

Average tenure and age of the Simplex Mills board of directors in years:

6.1
Average Tenure
46
Average Age
  • The tenure for the Simplex Mills board of directors is about average.
Board of Directors

Sabhapati Shukla

TITLE
Non-Executive Independent Director
COMPENSATION
₹1,000
AGE
68
TENURE
9.3 yrs

Sita Sunil

TITLE
Non-Executive Director
COMPENSATION
₹1,000
AGE
46
TENURE
9.7 yrs

Shekhar Singh

TITLE
Non Executive Director
COMPENSATION
₹1,000
AGE
34
TENURE
6.1 yrs

Fatima Fernandes

TITLE
Non-Executive Director
COMPENSATION
₹500
TENURE
4 yrs

Manish Harshey

TITLE
Non-Executive Independent Director
COMPENSATION
₹1,000
TENURE
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 Simplex Mills'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. Simplex Mills 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

Map
Description

Simplex Mills Company Limited manufactures and sells industrial cloth and cotton yarn primarily in India. It offers yarns; and fabric products, such as grey belting fabrics, canvas cloth, and cotton and nylon, as well as bleached, dyed, printed, wearable, and sheeting fabrics in cotton and blends. The company also provides oxford weave, twill weave, leno weave, and nylon fabrics. Simplex Mills Company Limited was incorporated in 1998 and is based in Mumbai, India.

Details
Name: Simplex Mills Company Limited
533018
Exchange: BSE
Founded: 1998
₹33,605,320
3,000,475
Website: http://www.simplex-group.com/mills
Address: Simplex Mills Company Limited
30, Keshavrao Khadye Marg,
Sant Gadge Maharaj Chowk,
Mumbai,
Maharashtra, 400011,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 533018 Equity Shares Mumbai Stock Exchange IN INR 23. Sep 2008
Number of employees
Current staff
Staff numbers
0
Simplex Mills employees.
Industry
Textiles
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/15 12:56
End of day share price update: 2018/12/04 00:00
Last earnings filing: 2019/02/07
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.