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Shubham Polyspin

BSE:542019
Snowflake Description

Mediocre balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
542019
BSE
₹242M
Market Cap
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Last updated 2019/04/18 13:10
Company description

Shubham Polyspin Limited provides twisted and air intermingled polypropylene multifilament yarns in India. The last earnings update was 234 days ago. More info.

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542019 Share Price and Events
7 Day Returns
-4.3%
BSE:542019
1.4%
IN Luxury
1.7%
IN Market
1 Year Returns
-
BSE:542019
-3.3%
IN Luxury
0.1%
IN Market
542019 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Shubham Polyspin (542019) -4.3% -0.6% - - - -
IN Luxury 1.4% 2% 8.4% -3.3% 47.7% 164.2%
IN Market 1.7% 2.7% 5.8% 0.1% 41.6% 73.3%
1 Year Return vs Industry and Market
  • No trading data on 542019.
  • No trading data on 542019.
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is Shubham Polyspin 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
  • It is not possible to calculate the future cash flow value for Shubham Polyspin. This is due to cash flow or dividend data being unavailable. The share price is ₹44.
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 Shubham Polyspin's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Shubham Polyspin's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:542019 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-03-31) in INR ₹3.69
BSE:542019 Share Price ** BSE (2019-04-16) in INR ₹44
India Luxury Industry PE Ratio Median Figure of 240 Publicly-Listed Luxury Companies 12.35x
India Market PE Ratio Median Figure of 2,735 Publicly-Listed Companies 16.29x

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

** Primary Listing of Shubham Polyspin.

BSE:542019 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:542019 Share Price ÷ EPS (both in INR)

= 44 ÷ 3.69

 11.91x

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

  • Shubham Polyspin is good value based on earnings compared to the IN Luxury industry average.
  • Shubham Polyspin is good value based on earnings compared to the India market.
Price based on expected Growth
Does Shubham Polyspin's expected growth come at a high price?
Raw Data
BSE:542019 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.91x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts		 -15%per year
India Luxury Industry PEG Ratio Median Figure of 25 Publicly-Listed Luxury Companies 1.57x
India Market PEG Ratio Median Figure of 584 Publicly-Listed Companies 1.33x

*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 Shubham Polyspin, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Shubham Polyspin's assets?
Raw Data
BSE:542019 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-03-31) in INR ₹15.37
BSE:542019 Share Price * BSE (2019-04-16) in INR ₹44
India Luxury Industry PB Ratio Median Figure of 311 Publicly-Listed Luxury Companies 0.75x
India Market PB Ratio Median Figure of 3,626 Publicly-Listed Companies 1.12x
BSE:542019 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:542019 Share Price ÷ Book Value per Share (both in INR)

= 44 ÷ 15.37

 2.86x

* Primary Listing of Shubham Polyspin.

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

  • Shubham Polyspin is overvalued based on assets compared to the IN Luxury industry average.
X
Value checks
We assess Shubham Polyspin'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. Shubham Polyspin 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 Shubham Polyspin expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Shubham Polyspin, 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
-15%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Shubham Polyspin expected to grow at an attractive rate?
  • Shubham Polyspin'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
  • Shubham Polyspin's earnings are expected to decrease over the next 1-3 years, this is below the India market average.
  • Unable to compare Shubham Polyspin's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:542019 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:542019 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -15%
India Luxury Industry Earnings Growth Rate Market Cap Weighted Average 19.2%
India Luxury Industry Revenue Growth Rate Market Cap Weighted Average 15%
India Market Earnings Growth Rate Market Cap Weighted Average 18.7%
India Market Revenue Growth Rate Market Cap Weighted Average 11.8%

*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:542019 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 year 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:542019 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-03-31 269 16 15
2017-03-31 175 31 2
2016-03-31 154 15 2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Shubham Polyspin's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Shubham Polyspin 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:542019 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 year ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

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

BSE:542019 Past Financials Data
Date (Data in INR Millions) EPS *
2018-03-31 3.69
2017-03-31 0.59
2016-03-31 1.14

*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 Shubham Polyspin will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Shubham Polyspin'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.
Shubham Polyspin 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 Shubham Polyspin performed over the past 5 years?

  • Shubham Polyspin's last earnings update was 234 days ago.
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 Shubham Polyspin'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.
  • Insufficient data to establish if Shubham Polyspin's year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Shubham Polyspin's 1-year earnings growth to the 5-year average due to insufficient past data.
  • Shubham Polyspin's earnings growth has exceeded the IN Luxury industry average in the past year (586.5% vs 14.8%).
Earnings and Revenue History
Shubham Polyspin'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 Shubham Polyspin Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:542019 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-03-31 268.88 14.82 11.32
2017-03-31 175.14 2.16 6.08
2016-03-31 153.76 2.48 5.80
2015-03-31 132.79 2.05 3.76
2014-03-31 61.49 0.22 2.50

*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.
  • Whilst Shubham Polyspin has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • Shubham Polyspin used its assets more efficiently than the IN Luxury industry average last year based on Return on Assets.
  • Shubham Polyspin has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Shubham Polyspin'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.
Shubham Polyspin has a total score of 3/6, 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 Shubham Polyspin'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 Shubham Polyspin's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Shubham Polyspin is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Shubham Polyspin's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Shubham Polyspin'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 not covered by short term assets, assets are 0.9x 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 Shubham Polyspin Company Filings, last reported 1 year ago.

BSE:542019 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-03-31 61.65 91.61 2.59
2017-03-31 46.86 127.81 2.30
2016-03-31 34.72 89.66 2.37
2015-03-31 22.26 50.84 2.32
2014-03-31 20.24 53.05 0.42
  • Shubham Polyspin's level of debt (148.6%) compared to net worth is high (greater than 40%).
  • Unable to establish if Shubham Polyspin's debt level has increased without past 5-year debt data.
  • Debt is not well covered by operating cash flow (17.1%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.5x coverage).
X
Financial health checks
We assess Shubham Polyspin'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. Shubham Polyspin 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 Shubham Polyspin'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 Shubham Polyspin dividends.
If you bought ₹2,000 of Shubham Polyspin 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 Shubham Polyspin's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Shubham Polyspin'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:542019 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 110 Stocks 0.6%
India Market Average Dividend Yield Market Cap Weighted Average of 1399 Stocks 1.3%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 1.9%

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 Shubham Polyspin has not reported any payouts.
  • Unable to verify if Shubham Polyspin's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Shubham Polyspin's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Shubham Polyspin 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 Shubham Polyspin'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 Shubham Polyspin afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
    7. Shubham Polyspin 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 Shubham Polyspin'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
Ankit Somani
COMPENSATION ₹0
AGE 29
TENURE AS CEO 0.7 years
CEO Bio

Mr. Ankit Anil Somani is Managing Director of Shubham Polyspin Limited since August 04, 2018 and is its Executive Director. Mr. Somani holds Degree of Master of Business Administration in Finance and Investment Management from Prifysgol Cymbro University of Wales. He has an experience of more than 8 years in the family business with respect to production, planning and sales. He is the guiding force behind all the corporate decisions and is responsible for the entire Business operations.

CEO Compensation
  • Insufficient data for Ankit to compare compensation growth.
  • Ankit's remuneration is lower than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Shubham Polyspin management team in years:

0.7
Average Tenure
29
Average Age
  • The average tenure for the Shubham Polyspin management team is less than 2 years, this suggests a new team.
Management Team

Ankit Somani

TITLE
MD & Executive Director
AGE
29
TENURE
0.7 yrs

Akshay Somani

TITLE
Non-Executive Director & CFO
COMPENSATION
₹1M
AGE
25
TENURE
0.7 yrs

Anil Somani

TITLE
Chairman & MD
AGE
56
TENURE
0.7 yrs

Meenakshi Soni

TITLE
Company Secretary & Compliance Officer
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure and age of the Shubham Polyspin board of directors in years:

0.7
Average Tenure
27.5
Average Age
  • The average tenure for the Shubham Polyspin board of directors is less than 3 years, this suggests a new board.
Board of Directors

Ankit Somani

TITLE
MD & Executive Director
AGE
29

Akshay Somani

TITLE
Non-Executive Director & CFO
COMPENSATION
₹1M
AGE
25
TENURE
0.8 yrs

Anil Somani

TITLE
Chairman & MD
AGE
56
TENURE
0.7 yrs

Kush Kalaria

TITLE
Independent Director
AGE
30
TENURE
0.7 yrs

Urva Patel

TITLE
Independent Director
AGE
25
TENURE
0.7 yrs

Radhika Chandak

TITLE
Independent Director
AGE
26
TENURE
0.7 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 Shubham Polyspin'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. Shubham Polyspin 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

Shubham Polyspin Limited provides twisted and air intermingled polypropylene multifilament yarns in India. It also offers polypropylene bag closing threads, and polypropylene webbings and narrow woven fabrics. The company was incorporated in 2012 and is based in Kadi, India.

Details
Name: Shubham Polyspin Limited
542019
Exchange: BSE
Founded: 2012
₹242,440,000
5,510,000
Website: http://sppl.shubhamgrp.co
Address: Shubham Polyspin Limited
Block No. 748, Saket Industrial Estate,
Near Kaneriya Oil Mill,
Kadi,
Gujarat, 382728,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 542019 Equity Shares Mumbai Stock Exchange IN INR 12. Oct 2018
UNQ-IND 542019 Equity Shares Unquoted - India IN INR 12. Oct 2018
Number of employees
Current staff
Staff numbers
0
Shubham Polyspin employees.
Industry
Textiles
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 13:10
End of day share price update: 2019/04/16 00:00
Last earnings filing: 2018/08/27
Last earnings reported: 2018/03/31
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.

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