Sarla Performance Fibers
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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
1 Year Returns
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.
SARLAPOLY Value
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Sarla Performance Fibers.
| 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.
| 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.
| 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 | ||
| 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 |
| 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 |
| 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.
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?
| 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.
| 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?
| 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?
| 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 |
| 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.
Value checks
We assess Sarla Performance Fibers's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check) 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
- 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!
Earnings growth vs Low Risk Savings
- 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
| 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
| 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 |
| Date (Data in INR Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|
| 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.
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.
| Date (Data in INR Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|
| 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.
Future performance checks
We assess Sarla Performance Fibers's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
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
Past Earnings growth analysis
- 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
All data from Sarla Performance Fibers Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| 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).
Past performance checks
We assess Sarla Performance Fibers's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
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.
- 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
Assets
Liabilities and shares
- 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.
All data from Sarla Performance Fibers Company Filings, last reported 1 year ago.
| 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).
Financial health checks
We assess Sarla Performance Fibers's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Sarla Performance Fibers has a total score of 5/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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
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
- 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.
| 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.
| Date (Data in ₹) | Dividend per Share (annual) | Avg. No. Analysts |
|---|
| 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).
- Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
Income/ dividend checks
We assess Sarla Performance Fibers's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- 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) 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
CEO
| 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
Executive Chairman
₹14M
77
Krishnakumar Jhunjhunwala
MD, CEO & Executive Director
₹14M
56
Mahendra Sheth
CFO, Compliance Officer & Company Secretary
Neha Jhunjhunwala
VP of Operations & Non-Executive Non-Independent Director
₹20K
29
7.8 yrs
Board of Directors Tenure
Average tenure and age of the Sarla Performance Fibers board of directors in years:
- The tenure for the Sarla Performance Fibers board of directors is about average.
Board of Directors
Madhusudan Jhunjhunwala
Executive Chairman
₹14M
77
Krishnakumar Jhunjhunwala
MD, CEO & Executive Director
₹14M
56
24.8 yrs
Neha Jhunjhunwala
VP of Operations & Non-Executive Non-Independent Director
₹20K
29
4.1 yrs
Parantap Dave
Non Executive Independent Director
₹80K
57
4.6 yrs
Shreya Desai
Non-Executive Independent Director
₹20K
33
1.3 yrs
Who owns this company?
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 | ||
Management checks
We assess Sarla Performance Fibers's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) 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 - – Full articleHow 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 - – Full articleIs 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 - – Full articleWhat 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 - – Full articleDoes 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 - – Full articleBrief 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 - – Full articleWhat 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 - – Full articleHere'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 - – Full articleWhat 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 - – Full articleCould 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 - – Full articleSARLAPOLY 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
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.
