Eastern Silk Industries Limited manufactures and sells textile and allied products in India.
Slightly overvalued with imperfect balance sheet.
Share Price & News
How has Eastern Silk Industries's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 590022's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 590022 underperformed the Indian Luxury industry which returned 16.6% over the past year.
Return vs Market: 590022 underperformed the Indian Market which returned 11.1% over the past year.
Price Volatility Vs. Market
How volatile is Eastern Silk Industries's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Eastern Silk Industries undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 590022 (₹1.12) is trading below our estimate of fair value (₹5.74)
Significantly Below Fair Value: 590022 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 590022 is unprofitable, so we can't compare its PE Ratio to the Luxury industry average.
PE vs Market: 590022 is unprofitable, so we can't compare its PE Ratio to the Indian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 590022's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 590022 has negative assets, so we can't compare its PB Ratio to the IN Luxury industry average.
How is Eastern Silk Industries forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 Eastern Silk Industries 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.
- Take a look at our analysis of 590022’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.
- Eastern Silk Industries competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Consumer Durables industry.
How has Eastern Silk Industries performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 590022 is currently unprofitable.
Growing Profit Margin: 590022 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: 590022 is unprofitable, but has reduced losses over the past 5 years at a rate of 41.4% per year.
Accelerating Growth: Unable to compare 590022's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 590022 is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (2.7%).
Return on Equity
High ROE: 590022's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.
Return on Assets
Return on Capital Employed
How is Eastern Silk Industries's financial position?
Financial Position Analysis
Short Term Liabilities: 590022 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: 590022 has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: 590022 has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: 590022's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Inventory Level: 590022 has a high level of physical assets or inventory.
Debt Coverage by Assets: 590022 has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
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.
Stable Cash Runway: Whilst unprofitable 590022 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 590022 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -10.7% per year.
What is Eastern Silk Industries's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate 590022's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate 590022'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 590022's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 590022's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: 590022 is not paying a notable dividend for the Indian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 590022's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Sundeep Shah (56yo)
Mr. Sundeep Shah, B.Com has been Managing Director at Eastern Silk Industries Ltd., since January 16, 2019. He has been Chairman at Eastern Silk Industries Ltd. and its Executive Director since September 1 ...
CEO Compensation Analysis
Compensation vs Market: Sundeep's total compensation ($USD24.58K) is below average for companies of similar size in the Indian market ($USD50.14K).
Compensation vs Earnings: Sundeep's compensation has been consistent with company performance over the past year.
|Chairman & MD||1.1yrs||₹1.76m||2.11% ₹1.9m|
|Executive Director||5.1yrs||₹668.40k||0.043% ₹37.8k|
|Non-Executive Independent Director||19.6yrs||₹15.00k||no data|
|Non-Executive Independent Director||0.9yrs||no data||no data|
|Non-Executive Independent Director||0.8yrs||no data||no data|
Experienced Board: 590022's board of directors are considered experienced (3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.7%.
Eastern Silk Industries Limited's company bio, employee growth, exchange listings and data sources
- Name: Eastern Silk Industries Limited
- Ticker: 590022
- Exchange: BSE
- Founded: 1946
- Industry: Textiles
- Sector: Consumer Durables
- Market Cap: ₹88.427m
- Shares outstanding: 78.95m
- Website: https://www.easternsilk.com
- Eastern Silk Industries Limited
- 19, R. N. Mukherjee Road
- West Bengal
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|590022||BSE (Mumbai Stock Exchange)||Yes||Equity Shares||IN||INR||Jul 1996|
|EASTSILK||NSEI (National Stock Exchange of India)||Yes||Equity Shares||IN||INR||Jul 1996|
Eastern Silk Industries Limited manufactures and sells textile and allied products in India. It provides silk yarns, fabrics and made-ups, home furnishings, scarves, laces, and belts, as well as fashion, embroidered, and double width fabrics. The company exports its products to the United States, Europe, Australia, the Middle East, Canada, Japan, New Zealand, Scandinavian, and EFFTA countries. Eastern Silk Industries Limited was incorporated in 1946 and is based in Kolkata, India.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/16 12:41|
|End of Day Share Price||2020/02/13 00:00|
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.