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Eastern Silk Industries

NSEI:EASTSILK
Snowflake Description

Good value with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
EASTSILK
NSEI
₹163M
Market Cap
  1. Home
  2. IN
  3. Consumer Durables
Company description

Eastern Silk Industries Limited manufactures and sells textile and allied products in India. The last earnings update was 69 days ago. More info.


Add to Portfolio Compare Print
  • Eastern Silk Industries has significant price volatility in the past 3 months.
EASTSILK Share Price and Events
7 Day Returns
-9.3%
NSEI:EASTSILK
-0.6%
IN Luxury
-1.9%
IN Market
1 Year Returns
-47.3%
NSEI:EASTSILK
-4%
IN Luxury
-2.8%
IN Market
EASTSILK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Eastern Silk Industries (EASTSILK) -9.3% -15.2% -15.2% -47.3% -20.4% 30%
IN Luxury -0.6% 1.4% 8.8% -4% 47.5% 162.4%
IN Market -1.9% 1.2% 5.1% -2.8% 38.3% 71%
1 Year Return vs Industry and Market
  • EASTSILK underperformed the Luxury industry which returned -4% over the past year.
  • EASTSILK underperformed the Market in India which returned -2.8% over the past year.
Price Volatility
EASTSILK
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Eastern Silk Industries 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 Eastern Silk Industries 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 Eastern Silk Industries.

NSEI:EASTSILK 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 NSEI:EASTSILK
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 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.73 (1 + (1- 35%) (946.05%))
3.825
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 NSEI:EASTSILK using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Eastern Silk Industries 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.

NSEI:EASTSILK DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 24.75%)
2019 974.56 Est @ 12.75% 781.21
2020 1,083.58 Est @ 11.19% 696.27
2021 1,192.97 Est @ 10.1% 614.48
2022 1,304.30 Est @ 9.33% 538.54
2023 1,419.04 Est @ 8.8% 469.67
2024 1,538.57 Est @ 8.42% 408.20
2025 1,664.13 Est @ 8.16% 353.92
2026 1,796.90 Est @ 7.98% 306.34
2027 1,937.94 Est @ 7.85% 264.84
2028 2,088.32 Est @ 7.76% 228.77
Present value of next 10 years cash flows ₹4,662.22
NSEI:EASTSILK DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹2,088.32 × (1 + 7.55%) ÷ (24.75% – 7.55%)
₹13,058.07
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹13,058.07 ÷ (1 + 24.75%)10
₹1,430.45
NSEI:EASTSILK Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹4,662.22 + ₹1,430.45
₹6,092.68
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹6,092.68 / 78.95
₹77.17
NSEI:EASTSILK Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:EASTSILK represents 0.9466x of BSE:590022
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.9466x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 77.17 x 0.9466
₹73.05
Value per share (INR) From above. ₹73.05
Current discount Discount to share price of ₹1.95
= -1 x (₹1.95 - ₹73.05) / ₹73.05
97.3%

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

Current Discount
Amount off the current price Eastern Silk Industries is available for.
Intrinsic value
>50%
Share price is ₹1.95 vs Future cash flow value of ₹73.05
Current Discount Checks
For Eastern Silk Industries to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Eastern Silk Industries's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Eastern Silk Industries'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 Eastern Silk Industries's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Eastern Silk Industries's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:EASTSILK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹2.67
BSE:590022 Share Price ** BSE (2019-04-24) in INR ₹2.06
India Luxury Industry PE Ratio Median Figure of 240 Publicly-Listed Luxury Companies 12.23x
India Market PE Ratio Median Figure of 2,739 Publicly-Listed Companies 16.02x

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

** Primary Listing of Eastern Silk Industries.

NSEI:EASTSILK PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:590022 Share Price ÷ EPS (both in INR)

= 2.06 ÷ 2.67

0.77x

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

  • Eastern Silk Industries is good value based on earnings compared to the IN Luxury industry average.
  • Eastern Silk Industries is good value based on earnings compared to the India market.
Price based on expected Growth
Does Eastern Silk Industries's expected growth come at a high price?
Raw Data
NSEI:EASTSILK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 0.77x
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 25 Publicly-Listed Luxury Companies 1.48x
India Market PEG Ratio Median Figure of 586 Publicly-Listed Companies 1.32x

*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 Eastern Silk Industries, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Eastern Silk Industries's assets?
Raw Data
NSEI:EASTSILK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹-2.44
BSE:590022 Share Price * BSE (2019-04-24) in INR ₹2.06
India Luxury Industry PB Ratio Median Figure of 311 Publicly-Listed Luxury Companies 0.75x
India Market PB Ratio Median Figure of 3,630 Publicly-Listed Companies 1.09x
NSEI:EASTSILK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:590022 Share Price ÷ Book Value per Share (both in INR)

= 2.06 ÷ -2.44

-0.84x

* Primary Listing of Eastern Silk Industries.

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

  • Eastern Silk Industries 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 Eastern Silk Industries'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. Eastern Silk Industries has a total score of 4/6, 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 Eastern Silk Industries 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 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 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
19.3%
Expected Luxury industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Eastern Silk Industries expected to grow at an attractive rate?
  • Unable to compare Eastern Silk Industries's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Eastern Silk Industries's earnings growth to the India market average as no estimate data is available.
  • Unable to compare Eastern Silk Industries's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:EASTSILK Future Growth Rates Data Sources
Data Point Source Value (per year)
India Luxury Industry Earnings Growth Rate Market Cap Weighted Average 19.3%
India Luxury Industry Revenue Growth Rate Market Cap Weighted Average 15%
India Market Earnings Growth Rate Market Cap Weighted Average 18.3%
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
NSEI:EASTSILK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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.
NSEI:EASTSILK Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 559 211
2018-09-30 528 216
2018-06-30 528 221
2018-03-31 515 695 210
2017-12-31 571 480
2017-09-30 580 446
2017-06-30 609 438
2017-03-31 634 1,451 441
2016-12-31 625 -172
2016-09-30 651 -137
2016-06-30 660 -125
2016-03-31 705 886 -232

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Eastern Silk Industries is high growth as no earnings estimate data is available.
  • Unable to determine if Eastern Silk Industries 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
NSEI:EASTSILK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Eastern Silk Industries Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:EASTSILK Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 2.67
2018-09-30 2.76
2018-06-30 2.80
2018-03-31 2.66
2017-12-31 6.08
2017-09-30 5.64
2017-06-30 5.60
2017-03-31 5.58
2016-12-31 -2.18
2016-09-30 -1.73
2016-06-30
2016-03-31 -2.93

*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 Eastern Silk Industries will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Eastern Silk Industries is trading at Eastern Silk Industries'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Eastern Silk Industries'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. Eastern Silk Industries'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 Eastern Silk Industries'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.
Eastern Silk Industries 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 Eastern Silk Industries 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 Eastern Silk Industries'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.
  • Eastern Silk Industries has delivered over 20% year on year earnings growth in the past 5 years.
  • Eastern Silk Industries's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Eastern Silk Industries's 1-year earnings growth is negative, it can't be compared to the IN Luxury industry average.
Earnings and Revenue History
Eastern Silk Industries'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 Eastern Silk Industries Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:EASTSILK Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 558.70 211.01 83.67
2018-09-30 528.13 216.45 82.97
2018-06-30 528.32 221.32 82.38
2018-03-31 514.93 210.35 85.38
2017-12-31 570.66 479.78 -333.87
2017-09-30 579.53 446.32 -335.76
2017-06-30 608.65 438.25 -338.99
2017-03-31 634.23 440.63 90.59
2016-12-31 624.96 -172.12 524.02
2016-09-30 650.53 -136.68 525.86
2016-06-30 659.57 -124.93 873.36
2016-03-31 704.74 -231.70 97.70
2015-12-31 695.80 -475.67 572.29
2015-09-30 684.85 -490.43 567.68
2015-06-30 663.62 -484.86 563.56
2015-03-31 610.18 -382.26 87.31
2014-12-31 600.43 -223.50 774.50
2014-09-30 672.59 -327.54 351.08
2014-06-30 735.08 -477.72 349.00
2014-03-31 796.28 -1,377.49 1,071.11
2013-12-31 913.81 -1,727.51 463.65
2013-09-30 834.06 -1,771.83 456.94
2013-06-30 808.52 -1,733.54 451.26
2013-03-31 758.61 -966.61 142.17
2012-12-31 645.19 -1,203.68 132.29
2012-09-30 830.02 -1,114.97 129.37
2012-06-30 838.44 -1,292.49 126.61

*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 Eastern Silk Industries has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • Eastern Silk Industries used its assets more efficiently than the IN Luxury industry average last year based on Return on Assets.
  • It is difficult to establish if Eastern Silk Industries 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 Eastern Silk Industries'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.
Eastern Silk Industries has a total score of 2/6, 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 Eastern Silk Industries'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 Eastern Silk Industries's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Eastern Silk Industries's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Eastern Silk Industries's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Eastern Silk Industries'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.
  • Eastern Silk Industries 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 Eastern Silk Industries Company Filings, last reported 3 months ago.

NSEI:EASTSILK Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 -192.49 1,538.67 79.77
2018-09-30 -192.49 1,538.67 79.77
2018-06-30 -141.34 1,525.57 71.94
2018-03-31 -141.34 1,525.57 71.94
2017-12-31 -332.41 1,955.72 170.98
2017-09-30 -332.41 1,955.72 170.98
2017-06-30 -135.33 2,107.25 161.98
2017-03-31 -353.59 2,247.25 155.02
2016-12-31 -838.03 3,278.85 250.69
2016-09-30 -838.03 3,278.85 250.69
2016-06-30 -771.67 3,771.24 377.23
2016-03-31 -771.67 3,848.78 377.23
2015-12-31 -714.79 4,597.72 278.53
2015-09-30 -714.79 4,597.72 278.53
2015-06-30 -553.41 4,597.72 341.25
2015-03-31 -553.41 4,597.72 341.25
2014-12-31 -245.40 4,786.06 349.28
2014-09-30 -245.40 4,786.06 349.28
2014-06-30 -82.11 4,788.53 272.78
2014-03-31 -82.11 4,788.53 272.78
2013-12-31 181.66 4,794.32 289.81
2013-09-30 181.66 4,794.32 289.81
2013-06-30 1,289.80 4,721.10 166.71
2013-03-31 1,289.80 4,721.10 166.71
2012-12-31 2,220.31 4,621.49 320.18
2012-09-30 2,220.31 4,621.49 320.18
2012-06-30 2,266.83 4,182.20 231.00
  • Eastern Silk Industries has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Eastern Silk Industries's debt level has increased considering it has negative shareholder equity.
  • Debt is well covered by operating cash flow (45.2%, greater than 20% of total debt).
  • Unable to confirm if the interest payments on Eastern Silk Industries's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Eastern Silk Industries'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. Eastern Silk Industries 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 Eastern Silk Industries'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 Eastern Silk Industries dividends.
If you bought ₹2,000 of Eastern Silk Industries 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 Eastern Silk Industries's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Eastern Silk Industries'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
NSEI:EASTSILK 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 1400 Stocks 1.4%
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 2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:EASTSILK Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2012-08-07 0.000 0.000
2012-02-23 0.000 0.000
2011-11-14 0.000 0.000
2011-08-16 0.000 0.000
2011-08-03 0.000 0.000
2011-08-02 0.000 0.000
2010-08-10 0.120 1.166
2009-06-01 0.200 1.359

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

  • Unable to perform a dividend volatility check as Eastern Silk Industries has not reported any payouts.
  • Unable to verify if Eastern Silk Industries's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Eastern Silk Industries's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Eastern Silk Industries 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 Eastern Silk Industries'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 Eastern Silk Industries afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Eastern Silk Industries 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 Eastern Silk Industries'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
Sundeep Shah
COMPENSATION ₹1,758,000
AGE 55
TENURE AS CEO 0.3 years
CEO Bio

Mr. Sundeep Shah, B.Com has been Managing Director at Eastern Silk Industries Ltd., since January 16, 2019 and has been its Executive Director since September 1, 2012. Mr. Shah served as Non-Executive Director of Eastern Silk Industries Ltd. from September 1, 2011 to September 1, 2012 and served as its Executive Director from October 25, 2002 to August 31, 2011.

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

Sundeep Shah

TITLE
MD & Executive Director
COMPENSATION
₹2M
AGE
55
TENURE
0.3 yrs

U. Gutgutia

TITLE
Chief Financial Officer
COMPENSATION
₹1M

Deepak Agarwal

TITLE
Company Secretary & Compliance Officer
COMPENSATION
₹1M

Megha Shah

TITLE
Executive Director
COMPENSATION
₹668K
AGE
31

Varun Shah

TITLE
President
AGE
30
TENURE
6.9 yrs
Board of Directors Tenure

Average tenure and age of the Eastern Silk Industries board of directors in years:

5.4
Average Tenure
55
Average Age
  • The tenure for the Eastern Silk Industries board of directors is about average.
Board of Directors

Sundeep Shah

TITLE
MD & Executive Director
COMPENSATION
₹2M
AGE
55
TENURE
6.6 yrs

Megha Shah

TITLE
Executive Director
COMPENSATION
₹668K
AGE
31
TENURE
4.3 yrs

G. Harnathka

TITLE
Independent Non-Executive Director
COMPENSATION
₹15K
AGE
80
TENURE
18.8 yrs

Madhu Sharma

TITLE
Additional Non-Executive Independent Director
TENURE
0.1 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 Eastern Silk Industries'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. Eastern Silk Industries 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

Does The Eastern Silk Industries Limited (NSE:EASTSILK) Share Price Tend To Follow The Market?

If you're interested in Eastern Silk Industries Limited (NSE:EASTSILK), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

Do Institutions Own Eastern Silk Industries Limited (NSE:EASTSILK) Shares?

A look at the shareholders of Eastern Silk Industries Limited (NSE:EASTSILK) can tell us which group is most powerful. … Eastern Silk Industries is a smaller company with a market capitalization of ₹152m, so it may still be flying under the radar of many institutional investors. … View our latest analysis for Eastern Silk Industries

Simply Wall St -

What Kind Of Share Price Volatility Should You Expect For Eastern Silk Industries Limited (NSE:EASTSILK)?

If you're interested in Eastern Silk Industries Limited (NSE:EASTSILK), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Can We See Significant Insider Ownership On The Eastern Silk Industries Limited (NSE:EASTSILK) Share Register?

A look at the shareholders of Eastern Silk Industries Limited (NSE:EASTSILK) can tell us which group is most powerful. … Eastern Silk Industries is a smaller company with a market capitalization of US$242m, so it may still be flying under the radar of many institutional investors. … View our latest analysis for Eastern Silk Industries

Simply Wall St -

Should You Worry About Eastern Silk Industries Limited's (NSE:EASTSILK) CEO Salary Level?

Shyam Shah took the helm as Eastern Silk Industries Limited's (NSE:EASTSILK) CEO and grew market cap to ₹232.12m recently. … Recognizing whether CEO incentives are aligned with shareholders is a crucial part of investing. … This is because, if incentives are aligned, more value is created for shareholders which directly impacts your returns as an investor.

Simply Wall St -

Is It Time To Buy Eastern Silk Industries Limited (NSE:EASTSILK) Based Off Its PE Ratio?

and want to better understand how you can grow your money by investing in Eastern Silk Industries Limited (NSE:EASTSILK). … Eastern Silk Industries Limited (NSE:EASTSILK) is trading with a trailing P/E of 0.5x, which is lower than the industry average of 16x. … While this makes EASTSILK appear like a great stock to buy, you might change your mind after I explain the assumptions behind the P/E ratio

Simply Wall St -

How Does Eastern Silk Industries Limited (NSE:EASTSILK) Affect Your Portfolio Returns?

Generally, an investor should consider two types of risk that impact the market value of EASTSILK. … A widely-used metric to measure a stock's market risk is beta, and the broad market index represents a beta value of one. … With a beta of 1.05, Eastern Silk Industries is a stock that tends to experience more gains than the market during a growth phase and also a bigger reduction in value compared to the market during a broad downturn.

Simply Wall St -

Should You Buy Eastern Silk Industries Limited (NSE:EASTSILK) At This PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for EASTSILK Price per share = ₹3.52 Earnings per share = ₹6.08 ∴ Price-Earnings Ratio = ₹3.52 ÷ ₹6.08 = 0.6x On its own, the P/E ratio doesn’t tell you much; however, it becomes extremely useful when you compare it with other similar companies. … For example, if you are inadvertently comparing lower risk firms with EASTSILK, then EASTSILK’s P/E would naturally be lower than its peers, since investors would value those with lower risk with a higher price. … If this assumption does not hold true, EASTSILK’s lower P/E ratio may be because firms in our peer group are being overvalued by the market.

Simply Wall St -

Does Eastern Silk Industries Limited's (NSE:EASTSILK) CEO Pay Matter?

EASTSILK can create value to shareholders by increasing its profitability, which in turn is reflected into the share price and the investor's ability to sell their shares at higher capital gains. … In the past year, EASTSILK produced a profit of ₹479.78M , moving EASTSILK from negative territory of -₹172.12M in the prior year to profitability. … Considering EASTSILK's size and performance, in terms of market cap and earnings, it seems that Shah is paid on a similar level to other comparable BSE and NSEI CEOs of profitable small-caps.

Simply Wall St -

Who Really Owns Eastern Silk Industries Limited (NSE:EASTSILK)?

View our latest analysis for Eastern Silk Industries NSEI:EASTSILK Ownership_summary Mar 23rd 18 Institutional Ownership Institutional investors transact in large blocks which can influence the momentum of stock prices, at least in the short-term, especially when there is a low level of public shares available on the market to trade. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions. … Thus, investors should dig deeper into EASTSILK's business relations with these companies and how it can affect shareholder returns in the long-term.Next Steps: Institutional ownership in EASTSILK is not at a level that would concern investors.

Simply Wall St -

Company Info

Description

Eastern Silk Industries Limited manufactures and sells textile and allied products in India. The company provides silk yarns, fabrics and made-ups, home furnishings, scarves, laces, and belts, as well as fashion, embroidered, and double width fabrics. It also offers plain, tweeds, jacquards, and fancy 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.

Details
Name: Eastern Silk Industries Limited
EASTSILK
Exchange: NSEI
Founded: 1946
₹162,642,397
78,952,620
Website: http://www.easternsilk.com
Address: Eastern Silk Industries Limited
19, R. N. Mukherjee Road,
Kolkata,
West Bengal, 700001,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 590022 Equity Shares Mumbai Stock Exchange IN INR 03. Jul 1996
NSEI EASTSILK Equity Shares National Stock Exchange of India IN INR 03. Jul 1996
Number of employees
Current staff
Staff numbers
0
Eastern Silk Industries employees.
Industry
Textiles
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/24 12:48
End of day share price update: 2019/04/24 00:00
Last earnings filing: 2019/02/14
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.