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Sarla Performance Fibers

NSEI:SARLAPOLY
Snowflake Description

Excellent balance sheet average dividend payer.

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

Sarla Performance Fibers Limited manufactures and sells yarns primarily in India. The last earnings update was 228 days ago. More info.


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SARLAPOLY Share Price and Events
7 Day Returns
-4.1%
NSEI:SARLAPOLY
0%
IN Luxury
-1.2%
IN Market
1 Year Returns
-51.1%
NSEI:SARLAPOLY
-4.3%
IN Luxury
-2.5%
IN Market
SARLAPOLY Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sarla Performance Fibers (SARLAPOLY) -4.1% -5.4% -9.2% -51.1% -60.7% 18.8%
IN Luxury 0% 1.1% 7.9% -4.3% 48.5% 159.4%
IN Market -1.2% 1.4% 4.8% -2.5% 40% 69.9%
1 Year Return vs Industry and Market
  • SARLAPOLY underperformed the Luxury industry which returned -4.3% over the past year.
  • SARLAPOLY underperformed the Market in India which returned -2.5% over the past year.
Price Volatility
SARLAPOLY
Industry
5yr Volatility vs Market
Related Companies

SARLAPOLY Value

 Is Sarla Performance Fibers 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 Sarla Performance Fibers 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 Sarla Performance Fibers.

NSEI:SARLAPOLY 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 17.4%
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:SARLAPOLY
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))
= 0.729 (1 + (1- 35%) (103.6%))
1.148
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.15
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.148 * 8.6%)
17.42%

Discounted Cash Flow Calculation for NSEI:SARLAPOLY using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Sarla Performance Fibers 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:SARLAPOLY DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 17.42%)
2019 1.35 Est @ -72.69% 1.15
2020 0.70 Est @ -48.62% 0.50
2021 0.47 Est @ -31.77% 0.29
2022 0.38 Est @ -19.97% 0.20
2023 0.34 Est @ -11.71% 0.15
2024 0.32 Est @ -5.94% 0.12
2025 0.31 Est @ -1.89% 0.10
2026 0.31 Est @ 0.94% 0.09
2027 0.32 Est @ 2.92% 0.08
2028 0.34 Est @ 4.31% 0.07
Present value of next 10 years cash flows ₹2.75
NSEI:SARLAPOLY DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹0.34 × (1 + 7.55%) ÷ (17.42% – 7.55%)
₹3.65
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹3.65 ÷ (1 + 17.42%)10
₹0.73
NSEI:SARLAPOLY Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹2.75 + ₹0.73
₹3.48
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹3.48 / 83.50
₹0.04
NSEI:SARLAPOLY Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹0.04
Current discount Discount to share price of ₹25.55
= -1 x (₹25.55 - ₹0.04) / ₹0.04
-61148.1%

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

  • The current share price of Sarla Performance Fibers is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Sarla Performance Fibers's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sarla Performance Fibers's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:SARLAPOLY PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-03-31) in INR ₹2.89
BSE:526885 Share Price ** BSE (2019-04-23) in INR ₹25.55
India Luxury Industry PE Ratio Median Figure of 240 Publicly-Listed Luxury Companies 12.3x
India Market PE Ratio Median Figure of 2,738 Publicly-Listed Companies 16.18x

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

** Primary Listing of Sarla Performance Fibers.

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

= BSE:526885 Share Price ÷ EPS (both in INR)

= 25.55 ÷ 2.89

8.83x

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

  • Sarla Performance Fibers is good value based on earnings compared to the IN Luxury industry average.
  • Sarla Performance Fibers is good value based on earnings compared to the India market.
Price based on expected Growth
Does Sarla Performance Fibers's expected growth come at a high price?
Raw Data
NSEI:SARLAPOLY PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.83x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
2.3%per year
India Luxury Industry PEG Ratio Median Figure of 25 Publicly-Listed Luxury Companies 1.56x
India Market PEG Ratio Median Figure of 585 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 Sarla Performance Fibers, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Sarla Performance Fibers's assets?
Raw Data
NSEI:SARLAPOLY PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-03-31) in INR ₹32.69
BSE:526885 Share Price * BSE (2019-04-23) in INR ₹25.55
India Luxury Industry PB Ratio Median Figure of 311 Publicly-Listed Luxury Companies 0.75x
India Market PB Ratio Median Figure of 3,629 Publicly-Listed Companies 1.1x
NSEI:SARLAPOLY PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:526885 Share Price ÷ Book Value per Share (both in INR)

= 25.55 ÷ 32.69

0.78x

* Primary Listing of Sarla Performance Fibers.

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

  • Sarla Performance Fibers is overvalued based on assets compared to the IN Luxury industry average.
X
Value checks
We assess Sarla Performance Fibers'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. Sarla Performance Fibers 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.

SARLAPOLY Future Performance

 How is Sarla Performance Fibers expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Sarla Performance Fibers, 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
2.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sarla Performance Fibers expected to grow at an attractive rate?
  • Sarla Performance Fibers's earnings growth is positive but not above the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Sarla Performance Fibers's earnings growth is positive but not above the India market average.
  • Unable to compare Sarla Performance Fibers's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:SARLAPOLY Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:SARLAPOLY Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 2.3%
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:SARLAPOLY 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.
NSEI:SARLAPOLY Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
NSEI:SARLAPOLY Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-03-31 3,020 490 242
2017-12-31 3,083 343
2017-09-30 3,043 354
2017-06-30 3,088 410
2017-03-31 2,998 611 341
2016-12-31 2,894 415
2016-09-30 2,906 455
2016-06-30 2,912 451
2016-03-31 2,995 832 450
2015-12-31 3,133 440
2015-09-30 3,114 400
2015-06-30 3,099 316

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Sarla Performance Fibers's earnings are expected to grow by 2.3% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Sarla Performance Fibers 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:SARLAPOLY 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 Sarla Performance Fibers Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:SARLAPOLY Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
NSEI:SARLAPOLY Past Financials Data
Date (Data in INR Millions) EPS *
2018-03-31 2.89
2017-12-31 4.11
2017-09-30 4.24
2017-06-30 4.91
2017-03-31 4.08
2016-12-31 4.97
2016-09-30 5.45
2016-06-30 5.39
2016-03-31 5.39
2015-12-31 5.28
2015-09-30 4.85
2015-06-30 4.00

*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 Sarla Performance Fibers will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Sarla Performance Fibers'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.
Sarla Performance Fibers 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.

SARLAPOLY Past Performance

  How has Sarla Performance Fibers performed over the past 5 years?

  • Sarla Performance Fibers's last earnings update was 228 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 Sarla Performance Fibers'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 Sarla Performance Fibers's year on year earnings growth rate was positive over the past 5 years.
  • Sarla Performance Fibers's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Sarla Performance Fibers's 1-year earnings growth is negative, it can't be compared to the IN Luxury industry average.
Earnings and Revenue History
Sarla Performance Fibers'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 Sarla Performance Fibers Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:SARLAPOLY 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 3,020.40 241.71 169.34
2017-12-31 3,083.10 343.30 216.94
2017-09-30 3,042.91 354.02 238.25
2017-06-30 3,088.45 409.63 247.81
2017-03-31 2,998.38 341.05 247.40
2016-12-31 2,893.63 415.33 265.38
2016-09-30 2,905.90 454.98 260.63
2016-06-30 2,911.79 450.60 214.82
2016-03-31 2,994.90 450.45 255.13
2015-12-31 3,132.69 439.99 466.41
2015-09-30 3,113.55 400.16 486.29
2015-06-30 3,098.95 316.20 257.61
2015-03-31 3,120.58 279.37 291.79
2014-12-31 3,048.57 283.84 457.51
2014-09-30 2,959.30 309.18 408.00
2014-06-30 2,834.24 302.97 357.92
2014-03-31 2,618.24 277.52 304.83
2013-12-31 2,460.62 296.67 257.59
2013-09-30 2,454.13 301.82 254.42
2013-06-30 2,379.03 303.40 253.71
2013-03-31 2,586.95 279.78 251.94
2012-12-31 2,827.22 322.85 239.19
2012-09-30 2,782.26 262.09 235.31
2012-06-30 2,626.26 196.64 230.81

*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.
  • Sarla Performance Fibers has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Sarla Performance Fibers used its assets less efficiently than the IN Luxury industry average last year based on Return on Assets.
  • Sarla Performance Fibers's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Sarla Performance Fibers'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.
Sarla Performance Fibers has a total score of 0/6, 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.

SARLAPOLY Health

 How is Sarla Performance Fibers'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 Sarla Performance Fibers's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sarla Performance Fibers is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Sarla Performance Fibers's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Sarla Performance Fibers'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 Sarla Performance Fibers Company Filings, last reported 1 year ago.

NSEI:SARLAPOLY Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-03-31 2,730.35 2,188.68 222.53
2017-12-31 3,001.70 2,211.83 237.12
2017-09-30 3,001.70 2,211.83 237.12
2017-06-30 2,936.21 2,601.17 770.19
2017-03-31 2,580.71 2,612.93 371.57
2016-12-31 2,819.56 2,543.66 1,128.64
2016-09-30 2,819.56 2,543.66 1,128.64
2016-06-30 2,618.16 2,458.22 1,103.62
2016-03-31 2,618.09 3,020.44 1,103.62
2015-12-31 2,467.10 2,524.22 1,149.10
2015-09-30 2,467.10 2,524.22 1,149.10
2015-06-30 2,297.13 2,375.52 945.72
2015-03-31 2,297.13 2,589.28 945.16
2014-12-31 1,801.55 2,174.57 416.29
2014-09-30 1,801.55 2,174.57 416.29
2014-06-30 1,691.51 2,332.59 368.49
2014-03-31 1,691.51 2,332.59 368.49
2013-12-31 1,625.16 1,380.08 342.32
2013-09-30 1,625.16 1,380.08 342.32
2013-06-30 1,424.64 1,142.58 246.62
2013-03-31 1,424.64 1,142.58 246.62
2012-12-31
2012-09-30
2012-06-30 1,244.12 682.31 142.06
  • Sarla Performance Fibers's level of debt (80.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (80.2% vs 80.2% today).
  • Debt is well covered by operating cash flow (22.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 55.7x coverage).
X
Financial health checks
We assess Sarla Performance Fibers'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. Sarla Performance Fibers has a total score of 5/6, 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.

SARLAPOLY Dividends

 What is Sarla Performance Fibers'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
4.31%
Current annual income from Sarla Performance Fibers dividends.
If you bought ₹2,000 of Sarla Performance Fibers shares you are expected to receive ₹86 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?
  • Sarla Performance Fibers's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.51%).
  • Sarla Performance Fibers's dividend is above the markets top 25% of dividend payers in India (1.93%).
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:SARLAPOLY 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 1.9%

Industry and Market average data is calculated daily.

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

NSEI:SARLAPOLY Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
NSEI:SARLAPOLY Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-09-05 1.100 3.756
2017-09-07 1.100 2.181
2016-09-09 1.050 1.790
2016-01-22 1.600 2.595
2015-09-07 0.800 1.372
2015-05-29 0.800 1.574
2014-09-05 0.750 1.888
2014-05-29 0.750 2.622
2013-08-29 0.600 3.317
2013-06-10 0.600 3.513
2013-05-30 0.600 3.611
2012-06-13 0.500 3.605
2012-05-29 0.500 4.883
2011-11-02 0.450 4.617
2010-08-12 0.350 2.802
2010-05-17 0.350 3.687
2009-07-03 0.350 5.062
2009-07-01 0.350 5.815
2009-04-24 0.350 6.669

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Sarla Performance Fibers's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.6x coverage).
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 Sarla Performance Fibers'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 Sarla Performance Fibers afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sarla Performance Fibers has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

SARLAPOLY Management

 What is the CEO of Sarla Performance Fibers'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
Krishnakumar Jhunjhunwala
COMPENSATION ₹13,800,000
AGE 56
CEO Bio

Mr. Krishnakumar M. Jhunjhunwala, B.Com serves as Managing Director, Chief Executive Officer and Executive Director of Sarla Performance Fibers Limited.

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

Madhusudan Jhunjhunwala

TITLE
Executive Chairman
COMPENSATION
₹14M
AGE
77

Krishnakumar Jhunjhunwala

TITLE
MD, CEO & Executive Director
COMPENSATION
₹14M
AGE
56

Mahendra Sheth

TITLE
CFO, Compliance Officer & Company Secretary

Neha Jhunjhunwala

TITLE
VP of Operations & Non-Executive Non-Independent Director
COMPENSATION
₹20K
AGE
29
TENURE
7.8 yrs
Board of Directors Tenure

Average tenure and age of the Sarla Performance Fibers board of directors in years:

4.3
Average Tenure
56
Average Age
  • The tenure for the Sarla Performance Fibers board of directors is about average.
Board of Directors

Madhusudan Jhunjhunwala

TITLE
Executive Chairman
COMPENSATION
₹14M
AGE
77

Krishnakumar Jhunjhunwala

TITLE
MD, CEO & Executive Director
COMPENSATION
₹14M
AGE
56
TENURE
24.8 yrs

Neha Jhunjhunwala

TITLE
VP of Operations & Non-Executive Non-Independent Director
COMPENSATION
₹20K
AGE
29
TENURE
4.1 yrs

Parantap Dave

TITLE
Non Executive Independent Director
COMPENSATION
₹80K
AGE
57
TENURE
4.6 yrs

Shreya Desai

TITLE
Non-Executive Independent Director
COMPENSATION
₹20K
AGE
33
TENURE
1.3 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 (₹)
02. Oct 18 Buy Satidham Industries Pvt. Ltd. Company 28. Aug 18 28. Aug 18 348 ₹38.06 ₹13,244
02. Oct 18 Sell Madhusudan Jhunjhunwala Individual 18. Sep 18 18. Sep 18 -5,000 ₹38.17 ₹-190,846
26. Jul 18 Sell Madhusudan Jhunjhunwala Individual 24. Jul 18 25. Jul 18 -46,300 ₹40.64 ₹-1,855,578
20. Jul 18 Buy Satidham Industries Pvt. Ltd. Company 18. Jul 18 18. Jul 18 44,225 ₹35.03 ₹1,549,391
19. Jul 18 Buy Satidham Industries Pvt. Ltd. Company 12. Jul 18 16. Jul 18 32,500 ₹39.06 ₹1,242,956
18. Jul 18 Buy Satidham Industries Pvt. Ltd. Company 12. Jul 18 17. Jul 18 42,500 ₹38.94 ₹1,617,912
28. Jun 18 Sell Sarla Estate Developer Pvt Ltd Company 25. Jun 18 25. Jun 18 -20,000 ₹41.24 ₹-824,799
28. Jun 18 Buy Satidham Industries Pvt. Ltd. Company 26. Jun 18 27. Jun 18 11,000 ₹39.83 ₹429,834
22. Jun 18 Sell Sarla Estate Developer Pvt Ltd Company 21. Jun 18 21. Jun 18 -150,000 ₹41.30 ₹-6,194,692
22. Jun 18 Buy Sarla Estate Developer Pvt Ltd Company 19. Jun 18 19. Jun 18 2,000 ₹42.06 ₹84,120
22. Jun 18 Buy Satidham Industries Pvt. Ltd. Company 04. Jun 18 21. Jun 18 173,112 ₹42.92 ₹7,371,347
17. May 18 Sell Madhusudan Jhunjhunwala Individual 14. May 18 14. May 18 -3,285 ₹48.98 ₹-160,894
10. May 18 Sell Madhusudan Jhunjhunwala Individual 07. May 18 08. May 18 -281,005 ₹50.76 ₹-14,135,755
X
Management checks
We assess Sarla Performance Fibers'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. Sarla Performance Fibers 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.

SARLAPOLY News

Simply Wall St News

Did Changing Sentiment Drive Sarla Performance Fibers's (NSE:SARLAPOLY) Share Price Down A Worrying 60%?

But the long term shareholders of Sarla Performance Fibers Limited (NSE:SARLAPOLY) have had an unfortunate run in the last three years. … By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … During the three years that the share price fell, Sarla Performance Fibers's earnings per share (EPS) dropped by 4.8% each year.

Simply Wall St -

How Many Insiders Sold Sarla Performance Fibers Limited (NSE:SARLAPOLY) Shares?

So before you buy or sell Sarla Performance Fibers Limited (NSE:SARLAPOLY), you may well want to know whether insiders have been buying or selling. … The Last 12 Months Of Insider Transactions At Sarla Performance Fibers. … Madhusudan Jhunjhunwala was the only individual insider to sell shares in the last twelve months

Simply Wall St -

Is Sarla Performance Fibers Limited (NSE:SARLAPOLY) Struggling With Its 8.1% Return On Capital Employed?

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Return On Capital Employed (ROCE): What is it? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

What Kind Of Shareholder Owns Most Sarla Performance Fibers Limited (NSE:SARLAPOLY) Stock?

Every investor in Sarla Performance Fibers Limited (NSE:SARLAPOLY) should be aware of the most powerful shareholder groups. … Sarla Performance Fibers is not a large company by global standards. … Check out our latest analysis for Sarla Performance Fibers

Simply Wall St -

Does Sarla Performance Fibers Limited (NSE:SARLAPOLY) Have A Place In Your Portfolio?

Over the past 10 years Sarla Performance Fibers Limited (NSE:SARLAPOLY) has been paying dividends to shareholders. … Does Sarla Performance Fibers tick all the boxes of a great dividend stock? … Check out our latest analysis for Sarla Performance Fibers

Simply Wall St -

Brief Commentary On Sarla Performance Fibers Limited's (NSE:SARLAPOLY) Fundamentals

Today I've chosen to put the spotlight on Sarla Performance Fibers Limited (NSE:SARLAPOLY) due to its excellent fundamentals in more than one area. … that has been able to sustain great financial health over the past … Below, I've touched on some key aspects you should know on a high level

Simply Wall St -

What does Sarla Performance Fibers Limited's (NSE:SARLAPOLY) Balance Sheet Tell Us About Its Future?

However, an important fact which most ignore is: how financially healthy is the business? … So, understanding the company's financial health becomes. … Here are few basic financial health checks you should consider before taking the plunge.

Simply Wall St -

Here's What Sarla Performance Fibers Limited's (NSE:SARLAPOLY) P/E Ratio Is Telling Us

We'll look at Sarla Performance Fibers Limited's (NSE:SARLAPOLY) P/E ratio and reflect on what it tells us about the company's share price. … Based on the last twelve months, Sarla Performance Fibers's P/E ratio is 10.43. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

What Should You Know About Sarla Performance Fibers Limited's (NSE:SARLAPOLY) Return On Capital?

and want a simplistic look at the return on Sarla Performance Fibers Limited (NSE:SARLAPOLY) stock. … Buying Sarla Performance Fibers makes you a partial owner of the company. … To understand Sarla Performance Fibers’s capital returns we will look at a useful metric called return on capital employed.

Simply Wall St -

Could The Sarla Performance Fibers Limited (NSE:SARLAPOLY) Ownership Structure Tell Us Something Useful?

The big shareholder groups in Sarla Performance Fibers Limited (NSE:SARLAPOLY) have power over the company. … Sarla Performance Fibers is a smaller company with a market capitalization of ₹2.7b, so it may still be flying under the radar of many institutional investors. … Taking a look at the our data on the ownership groups (below), it's seems that.

Simply Wall St -

SARLAPOLY Company Info

Description

Sarla Performance Fibers Limited manufactures and sells yarns primarily 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, twisted and dyed, and polyester and nylon high tenacity yarns, as well as nylon and polyester lycra/spandex covered yarns and rubber covered yarns; and polyester and nylon textured sewing threads. Its products are used in automotive interiors, air bags, seat belts, tent and parachute fabrics, soft luggage, umbrellas, and canvas goods; medical bandages, athletic and swim wear, athletic and dress socks, and casual dresses; and T-shirts, polo’s, briefs, lingerie, fleece goods, bedding sheets and comforters, swimsuits, towels, placemats, embroidery, quilting, dress and athletic shoes, leather garments, furniture, and car seat covers. The company also owns 14.75 MW of wind windmills in Gujarat, Maharashtra, and Madhya Pradesh. It also exports its products to approximately 40 countries in South America, Central and North 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.

Details
Name: Sarla Performance Fibers Limited
SARLAPOLY
Exchange: NSEI
Founded: 1993
₹2,112,625,900
83,503,000
Website: http://www.sarlafibers.com
Address: Sarla Performance Fibers Limited
304, Arcadia,
195, Nariman Point,
Mumbai,
Maharashtra, 400021,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 526885 Equity Shares Mumbai Stock Exchange IN INR 25. May 2005
NSEI SARLAPOLY Equity Shares National Stock Exchange of India IN INR 25. May 2005
BSE 526885 INR1 Mumbai Stock Exchange IN INR 23. Apr 2019
NSEI SARLAPOLY INR1 National Stock Exchange of India IN INR 23. Apr 2019
Number of employees
Current staff
Staff numbers
0
Sarla Performance Fibers employees.
Industry
Textiles
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 12:50
End of day share price update: 2019/04/23 00:00
Last estimates confirmation: 2018/05/29
Last earnings filing: 2018/09/07
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.