NSEI:SHIVAMILLS

Stock Analysis Report

Executive Summary

Shiva Mills Limited manufactures and markets cotton yarns in India.


Snowflake Analysis

Second-rate dividend payer with imperfect balance sheet.

Share Price & News

How has Shiva Mills's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SHIVAMILLS's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-6.2%

SHIVAMILLS

-4.4%

IN Luxury

-3.5%

IN Market


1 Year Return

-39.8%

SHIVAMILLS

12.8%

IN Luxury

5.2%

IN Market

Return vs Industry: SHIVAMILLS underperformed the Indian Luxury industry which returned 13.7% over the past year.

Return vs Market: SHIVAMILLS underperformed the Indian Market which returned 6.4% over the past year.


Shareholder returns

SHIVAMILLSIndustryMarket
7 Day-6.2%-4.4%-3.5%
30 Day-15.9%-1.4%-3.9%
90 Day-2.8%6.0%-2.1%
1 Year-37.5%-39.8%13.5%12.8%7.2%5.2%
3 Yearn/a45.8%44.0%18.9%12.4%
5 Yearn/a97.3%93.7%29.4%17.7%

Price Volatility Vs. Market

How volatile is Shiva Mills's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Shiva Mills undervalued compared to its fair value and its price relative to the market?

18.44x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SHIVAMILLS (₹29.75) is trading above our estimate of fair value (₹13.21)

Significantly Below Fair Value: SHIVAMILLS is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: SHIVAMILLS is poor value based on its PE Ratio (18.6x) compared to the Luxury industry average (10.7x).

PE vs Market: SHIVAMILLS is poor value based on its PE Ratio (18.6x) compared to the Indian market (13x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate SHIVAMILLS's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SHIVAMILLS is good value based on its PB Ratio (0.3x) compared to the IN Luxury industry average (0.5x).


Next Steps

Future Growth

How is Shiva Mills forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.7%

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 Shiva Mills 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

Past Performance

How has Shiva Mills performed over the past 5 years?

-80.0%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: SHIVAMILLS has high quality earnings.

Growing Profit Margin: SHIVAMILLS's current net profit margins (0.8%) are lower than last year (4.1%).


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if SHIVAMILLS's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: SHIVAMILLS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: SHIVAMILLS had negative earnings growth (-80%) over the past year, making it difficult to compare to the Luxury industry average (6.4%).


Return on Equity

High ROE: SHIVAMILLS's Return on Equity (1.7%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Shiva Mills's financial position?


Financial Position Analysis

Short Term Liabilities: SHIVAMILLS's short term assets (₹710.9M) exceed its short term liabilities (₹631.2M).

Long Term Liabilities: SHIVAMILLS's short term assets (₹710.9M) exceed its long term liabilities (₹63.1M).


Debt to Equity History and Analysis

Debt Level: SHIVAMILLS's debt to equity ratio (57.2%) is considered high.

Reducing Debt: Insufficient data to determine if SHIVAMILLS's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: SHIVAMILLS's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: SHIVAMILLS's interest payments on its debt are not well covered by EBIT (2.2x coverage).


Balance Sheet

Inventory Level: SHIVAMILLS has a high level of physical assets or inventory.

Debt Coverage by Assets: SHIVAMILLS's debt is covered by short term assets (assets are 1.5x debt).


Next Steps

Dividend

What is Shiva Mills's current dividend yield, its reliability and sustainability?

4.74%

Current Dividend Yield


Dividend Yield vs Market

company4.7%marketbottom25%0.6%markettop25%2.7%industryaverage0.7%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: SHIVAMILLS's dividend (4.71%) is higher than the bottom 25% of dividend payers in the Indian market (0.6%).

High Dividend: SHIVAMILLS's dividend (4.71%) is in the top 25% of dividend payers in the Indian market (2.63%)


Stability and Growth of Payments

Stable Dividend: Too early to tell whether SHIVAMILLS's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if SHIVAMILLS's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (87.4%), SHIVAMILLS's payments are 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?

2.5yrs

Average board tenure


CEO

S. Alagappan (77yo)

0

Mr. S. V. Alagappan, B.Com., BL serves as Chairman of Shiva Texyarn Ltd. He served as Managing Director of Shiva Texyarn Ltd. from June 26, 2010 to August 31, 2017. Mr. Alagappan was a Promoter of Bannari  ...


CEO Compensation Analysis

Compensation vs Market: S.'s total compensation ($USD0.00) is below average for companies of similar size in the Indian market ($USD49.94K).

Compensation vs Earnings: Insufficient data to compare S.'s compensation with company performance.


Board Members

NamePositionTenureCompensationOwnership
S. Alagappan
Chairman & MD0yrsno data0.25% 648.0k
A. Lalitha
Joint MD & Executive Director2.5yrsno data0.0063% 16.1k
Kodumudi Narayanaswami Ramani
Non-Executive Independent Director2.5yrs₹65.00kno data
Sangampalyam Sundararaman
Non-Executive Non-Independent Director4.3yrs₹50.00k0.0042% 10.7k
S. Marusamy
Non-Executive Independent Director4.3yrs₹40.00k0.036% 92.6k
S. Palaniswami
Non-Executive Independent Director2.5yrs₹70.00kno data
C. Sivasamy
Non-Executive Independent Director2.5yrs₹40.00kno data

2.5yrs

Average Tenure

62yo

Average Age

Experienced Board: SHIVAMILLS's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.


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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Shiva Mills Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Shiva Mills Limited
  • Ticker: SHIVAMILLS
  • Exchange: NSEI
  • Founded: 2015
  • Industry: Textiles
  • Sector: Consumer Durables
  • Market Cap: ₹257.094m
  • Shares outstanding: 8.64m
  • Website: https://www.shivamills.com

Number of Employees


Location

  • Shiva Mills Limited
  • 252 Mettupalayam Road
  • Coimbatore
  • Tamil Nadu
  • 641043
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
540961BSE (Mumbai Stock Exchange)YesShare CapitalININRFeb 2018
SHIVAMILLSNSEI (National Stock Exchange of India)YesShare CapitalININRFeb 2018

Biography

Shiva Mills Limited manufactures and markets cotton yarns in India. It provides fabrics, as well as exports its products. The company was formerly known as STYL Textile Ventures Limited and changed its name to Shiva Mills Limited in August 2017. Shiva Mills Limited was incorporated in 2015 and is based in Coimbatore, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/27 13:06
End of Day Share Price2020/02/27 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


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.