Sarla Performance Fibers
Market Cap
₹1.7b
Last Updated
2020/02/19 12:58 UTC
Data Sources
Company Financials
Executive Summary
Sarla Performance Fibers Limited manufactures and sells yarns in India.
Rewards
Risk Analysis
+ 1 more risk
Snowflake Analysis
Adequate balance sheet with proven track record and pays a dividend.
Share Price & News
How has Sarla Performance Fibers's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SARLAPOLY's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-5.4%
SARLAPOLY
-0.5%
IN Luxury
-1.5%
IN Market
1 Year Return
-17.1%
SARLAPOLY
18.2%
IN Luxury
10.7%
IN Market
Return vs Industry: SARLAPOLY underperformed the Indian Luxury industry which returned 18.2% over the past year.
Return vs Market: SARLAPOLY underperformed the Indian Market which returned 10.7% over the past year.
Shareholder returns
| SARLAPOLY | Industry | Market | |
|---|---|---|---|
| 7 Day | -5.4% | -0.5% | -1.5% |
| 30 Day | -24.7% | 3.0% | -2.7% |
| 90 Day | -3.8% | 9.2% | 1.3% |
| 1 Year | -13.2%-17.1% | 19.0%18.2% | 12.7%10.7% |
| 3 Year | -65.0%-68.2% | 52.2%48.8% | 22.0%15.1% |
| 5 Year | -41.5%-48.5% | 106.9%100.1% | 34.5%22.0% |
Price Volatility Vs. Market
How volatile is Sarla Performance Fibers's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 days ago | Simply Wall St
Could The Sarla Performance Fibers Limited (NSE:SARLAPOLY) Ownership Structure Tell Us Something Useful?2 weeks ago | Simply Wall St
Does Sarla Performance Fibers Limited's (NSE:SARLAPOLY) CEO Salary Compare Well With Others?1 month ago | Simply Wall St
A Rising Share Price Has Us Looking Closely At Sarla Performance Fibers Limited's (NSE:SARLAPOLY) P/E RatioValuation
Is Sarla Performance Fibers undervalued compared to its fair value and its price relative to the market?
4.9x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: SARLAPOLY (₹20.1) is trading above our estimate of fair value (₹15.32)
Significantly Below Fair Value: SARLAPOLY is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SARLAPOLY is good value based on its PE Ratio (4.9x) compared to the Luxury industry average (11.2x).
PE vs Market: SARLAPOLY is good value based on its PE Ratio (4.9x) compared to the Indian market (13.1x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate SARLAPOLY's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SARLAPOLY is overvalued based on its PB Ratio (0.6x) compared to the IN Luxury industry average (0.5x).
Next Steps
Future Growth
How is Sarla Performance Fibers forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
19.9%
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 Sarla Performance Fibers 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
- Check out Sarla Performance Fibers's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
- Sarla Performance Fibers competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Consumer Durables industry.
Past Performance
How has Sarla Performance Fibers performed over the past 5 years?
-8.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SARLAPOLY has high quality earnings.
Growing Profit Margin: SARLAPOLY's current net profit margins (10.5%) are higher than last year (3.7%).
Past Earnings Growth Analysis
Earnings Trend: SARLAPOLY's earnings have declined by -8.1% per year over the past 5 years.
Accelerating Growth: SARLAPOLY's earnings growth over the past year (195.9%) exceeds its 5-year average (-8.1% per year).
Earnings vs Industry: SARLAPOLY earnings growth over the past year (195.9%) exceeded the Luxury industry 5.6%.
Return on Equity
High ROE: SARLAPOLY's Return on Equity (11.3%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Sarla Performance Fibers's financial position?
Financial Position Analysis
Short Term Liabilities: SARLAPOLY's short term assets (₹2.5B) exceed its short term liabilities (₹1.6B).
Long Term Liabilities: SARLAPOLY's short term assets (₹2.5B) exceed its long term liabilities (₹2.1B).
Debt to Equity History and Analysis
Debt Level: SARLAPOLY's debt to equity ratio (84.9%) is considered high.
Reducing Debt: SARLAPOLY's debt to equity ratio has reduced from 120.6% to 84.9% over the past 5 years.
Debt Coverage: SARLAPOLY's debt is not well covered by operating cash flow (11.7%).
Interest Coverage: SARLAPOLY earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: SARLAPOLY has a high level of physical assets or inventory.
Debt Coverage by Assets: SARLAPOLY's debt is not covered by short term assets (assets are 1x debt).
Next Steps
Dividend
What is Sarla Performance Fibers's current dividend yield, its reliability and sustainability?
5.47%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: SARLAPOLY's dividend (5.47%) is higher than the bottom 25% of dividend payers in the Indian market (0.6%).
High Dividend: SARLAPOLY's dividend (5.47%) is in the top 25% of dividend payers in the Indian market (2.58%)
Stability and Growth of Payments
Stable Dividend: SARLAPOLY's dividend payments have been volatile in the past 10 years.
Growing Dividend: SARLAPOLY's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (26.8%), SARLAPOLY's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.9yrs
Average board tenure
CEO
Krishnakumar Jhunjhunwala (57yo)
₹13,800,000
Compensation
Mr. Krishnakumar M. Jhunjhunwala, B.Com serves as Managing Director, Chief Executive Officer of Sarla Performance Fibers Limited and serves as its Director since June 14, 1994.
CEO Compensation Analysis
Compensation vs Market: Krishnakumar's total compensation ($USD192.85K) is above average for companies of similar size in the Indian market ($USD50.34K).
Compensation vs Earnings: Krishnakumar's compensation has been consistent with company performance over the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 0yrs | ₹13.80m | 9.82% ₹163.9m | |
| MD, CEO & Executive Director | 0yrs | ₹13.80m | 2.74% ₹45.7m | |
| VP of Operations & Non-Executive Non-Independent Director | 4.9yrs | ₹60.00k | 0.0048% ₹80.0k | |
| Non Executive Independent Director | 5.4yrs | ₹80.00k | no data | |
| Independent Director | 2.2yrs | ₹80.00k | no data | |
| Additional Independent Director | 0.8yrs | no data | no data |
4.9yrs
Average Tenure
57yo
Average Age
Experienced Board: SARLAPOLY's board of directors are considered experienced (4.9 years average tenure).
Ownership
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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Sarla Performance Fibers Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Sarla Performance Fibers Limited
- Ticker: SARLAPOLY
- Exchange: NSEI
- Founded: 1993
- Industry: Textiles
- Sector: Consumer Durables
- Market Cap: ₹1.670b
- Shares outstanding: 83.50m
- Website: https://www.sarlafibers.com
Location
- Sarla Performance Fibers Limited
- 304, Arcadia
- 195, Nariman Point
- Mumbai
- Maharashtra
- 400021
- India
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SARLAPOLY | NSEI (National Stock Exchange of India) | INR1 | IN | INR | No data | |
| 526885 | BSE (Mumbai Stock Exchange) | INR1 | IN | INR | No data | |
| 526885 | BSE (Mumbai Stock Exchange) | Yes | Equity Shares | IN | INR | May 2005 |
| SARLAPOLY | NSEI (National Stock Exchange of India) | Yes | Equity Shares | IN | INR | May 2005 |
Biography
Sarla Performance Fibers Limited manufactures and sells yarns in India. It operates through two segments, Manufacturing of Yarn and Generation of Wind Power. The company offers textured polyester, textured nylon stretch, high bulk textured polyester, high tenacity, covered, and twisted and dyed yarns, as well as textured sewing and specialty sewing threads. It also owns 14.75 MW of windmills in Maharashtra, Gujarat, and Madhya Pradesh. Sarla Performance Fibers Limited also exports its products to approximately 40 countries in South America, North and Central America, the Middle East, Europe, Africa, and the Asia Pacific. The company was formerly known as Sarla Polyester Limited and changed its name to Sarla Performance Fibers Limited in 2006. Sarla Performance Fibers Limited was founded in 1993 and is headquartered in Mumbai, India.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/19 12:58 |
| End of Day Share Price | 2020/02/19 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/03/31 |
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.