BSE:540269

Stock Analysis Report

Executive Summary

Super Fine Knitters Limited manufactures and sells knitted apparels and fabrics in India.

Rewards

PE ratio (5.2x) is below the Indian market (13.8x)

Earnings grew by 25.5% over the past year

Risk Analysis

Interest payments are not well covered by earnings

Does not have a meaningful market cap (₹52M)



Snowflake Analysis

Solid track record and fair value.

Share Price & News

How has Super Fine Knitters's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 540269 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

540269

1.5%

IN Luxury

-0.1%

IN Market


1 Year Return

-48.4%

540269

16.3%

IN Luxury

10.4%

IN Market

Return vs Industry: 540269 underperformed the Indian Luxury industry which returned 8.4% over the past year.

Return vs Market: 540269 underperformed the Indian Market which returned 6.7% over the past year.


Shareholder returns

540269IndustryMarket
7 Day0%1.5%-0.1%
30 Day0%5.8%1.8%
90 Dayn/a1.3%3.7%
1 Year-48.4%-48.4%17.1%16.3%12.4%10.4%
3 Yearn/a57.2%55.3%28.8%21.7%
5 Yearn/a94.8%91.5%35.7%23.4%

Price Volatility Vs. Market

How volatile is Super Fine Knitters's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Super Fine Knitters undervalued compared to its fair value and its price relative to the market?

5.15x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 540269's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 540269's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 540269 is good value based on its PE Ratio (5.2x) compared to the Luxury industry average (11.2x).

PE vs Market: 540269 is good value based on its PE Ratio (5.2x) compared to the Indian market (13.8x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 540269's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 540269 is good value based on its PB Ratio (0.2x) compared to the IN Luxury industry average (0.6x).


Next Steps

Future Growth

How is Super Fine Knitters forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.3%

Forecasted Consumer Durables industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Super Fine Knitters has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Super Fine Knitters performed over the past 5 years?

12.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 540269 has high quality earnings.

Growing Profit Margin: 540269's current net profit margins (1.2%) are higher than last year (0.8%).


Past Earnings Growth Analysis

Earnings Trend: 540269's earnings have grown by 12.6% per year over the past 5 years.

Accelerating Growth: 540269's earnings growth over the past year (25.5%) exceeds its 5-year average (12.6% per year).

Earnings vs Industry: 540269 earnings growth over the past year (25.5%) exceeded the Luxury industry 1.2%.


Return on Equity

High ROE: 540269's Return on Equity (3.9%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Super Fine Knitters's financial position?


Financial Position Analysis

Short Term Liabilities: 540269's short term assets (₹569.5M) exceed its short term liabilities (₹386.7M).

Long Term Liabilities: 540269's short term assets (₹569.5M) exceed its long term liabilities (₹137.0M).


Debt to Equity History and Analysis

Debt Level: 540269's debt to equity ratio (136.2%) is considered high.

Reducing Debt: 540269's debt to equity ratio has increased from 103.6% to 136.2% over the past 5 years.

Debt Coverage: 540269's debt is not well covered by operating cash flow (10%).

Interest Coverage: 540269's interest payments on its debt are not well covered by EBIT (1.5x coverage).


Balance Sheet

Inventory Level: 540269 has a high level of physical assets or inventory.

Debt Coverage by Assets: 540269's debt is covered by short term assets (assets are 1.6x debt).


Next Steps

Dividend

What is Super Fine Knitters's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%0.5%markettop25%2.3%industryaverage0.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate 540269's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 540269's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 540269's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 540269's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 540269's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

What is the CEO of Super Fine Knitters's salary, the management and board of directors tenure and is there insider trading?

3.5yrs

Average management tenure


CEO

Ajit Lakra (69yo)

3.5yrs

Tenure

₹1,500,000

Compensation

Mr. Ajit Kumar Lakra has been Chief Executive Officer and Managing Director of Super Fine Knitters Limited since July 1, 2016 and serves as its Promoter. Mr. Lakra is responsible for the daily operations a ...


CEO Compensation Analysis

Compensation vs Market: Ajit's total compensation ($USD21.17K) is below average for companies of similar size in the Indian market ($USD50.75K).

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


Management Age and Tenure

3.5yrs

Average Tenure

57yo

Average Age

Experienced Management: 540269's management team is considered experienced (3.5 years average tenure).


Board Age and Tenure

4.2yrs

Average Tenure

55yo

Average Age

Experienced Board: 540269's board of directors are considered experienced (4.2 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Buy₹2,296,78701 Apr 19
Vivek Lakra
EntityIndividual
Role
Member of the Board of Directors
Whole-Time Director
Shares319,000
Max Price₹7.20

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • Ajit Lakra (69yo)

    CEO, MD & Director

    • Tenure: 3.5yrs
    • Compensation: ₹1.50m
  • Gita Lakra (65yo)

    Whole-Time Director

    • Tenure: 3.5yrs
    • Compensation: ₹1.20m
  • Vivek Lakra (38yo)

    Whole-Time Director

    • Tenure: 7.3yrs
    • Compensation: ₹1.38m
  • Davinder Singh (49yo)

    Chief Financial Officer

    • Tenure: 4.1yrs
  • Samridhi Seth

    Company Secretary & Compliance Officer

    • Tenure: 0.4yrs

Board Members

  • Ajit Lakra (69yo)

    CEO, MD & Director

    • Tenure: 3.5yrs
    • Compensation: ₹1.50m
  • Gita Lakra (65yo)

    Whole-Time Director

    • Tenure: 3.5yrs
    • Compensation: ₹1.20m
  • Vivek Lakra (38yo)

    Whole-Time Director

    • Tenure: 7.3yrs
    • Compensation: ₹1.38m
  • Amit Gupta (40yo)

    Non Executive Independent Director

    • Tenure: 8.6yrs
  • Vipin Sehgal (48yo)

    Non Executive Independent Director

    • Tenure: 4.2yrs
  • Baljit Trikha (62yo)

    Non Executive Independent Director

    • Tenure: 4.1yrs

Company Information

Super Fine Knitters Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Super Fine Knitters Limited
  • Ticker: 540269
  • Exchange: BSE
  • Founded: 1980
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: ₹51.803m
  • Shares outstanding: 12.39m
  • Website: https://www.superfineknitters.com

Number of Employees


Location

  • Super Fine Knitters Limited
  • 269, Industrial Area – A
  • Unit – I
  • Ludhiana
  • Punjab
  • 141003
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
540269BSE (Mumbai Stock Exchange)YesEquity SharesININRFeb 2017

Biography

Super Fine Knitters Limited manufactures and sells knitted apparels and fabrics in India. The company offers T-shirts, outer wear, night suits and gowns, pyjamas, track suits, pullovers and sweaters, hoodies, jackets, coats, and sweat shirts for women. It also provides shirts, T-shirts, jackets, and hoodies for men; and baby wear, T-shirts, and suits for kids. In addition, the company offers pink knitted cotton velour, multi-color cotton, cord velour, cotton velour double dye, polyester warp knit, loop terry spun, polyester micro mesh, pique PC, polyester, printed polar, yarn dyed, double sided terry, micro interlock wicking, black and white stripe, auto stripe, and cotton and pure lycra fabrics. The company also exports its products. Super Fine Knitters Limited was founded in 1980 and is based in Ludhiana, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/01/28 13:07
End of Day Share Price2019/12/11 00:00
Earnings2019/09/30
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.