Shiva Texyarn (NSEI:SHIVATEX) - Share price, News & Analysis

SHIVATEX fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	4/6
Financial Health	4/6
Dividends	2/6

SHIVATEX Stock Overview

Shiva Texyarn Limited manufactures and markets cotton yarn, and technical and other value-added textile products in India and internationally.

Rewards

Price-To-Earnings ratio (10.7x) is below the Indian market (19.4x)

Earnings have grown 13.4% per year over the past 5 years

Risk Analysis

Debt is not well covered by operating cash flow

Dividend of 0.85% is not well covered by earnings

Does not have a meaningful market cap (₹2B)

Shiva Texyarn Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Shiva Texyarn
Historical stock prices
Current Share Price	₹163.90
52 Week High	₹321.75
52 Week Low	₹140.00
Beta	0.43
1 Month Change	-14.21%
3 Month Change	-22.01%
1 Year Change	-7.48%
3 Year Change	21.09%
5 Year Change	n/a
Change since IPO	-65.82%

Recent News & Updates

Jun 17

Shiva Texyarn (NSE:SHIVATEX) Has A Pretty Healthy Balance Sheet

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Shareholder Returns

	SHIVATEX	IN Luxury	IN Market
7D	6.9%	-1.1%	0.1%
1Y	-7.5%	12.5%	-1.7%

Return vs Industry: SHIVATEX underperformed the Indian Luxury industry which returned 12.5% over the past year.

Return vs Market: SHIVATEX underperformed the Indian Market which returned -1.7% over the past year.

Price Volatility

Is SHIVATEX's price volatile compared to industry and market?
SHIVATEX volatility
SHIVATEX Average Weekly Movement	7.8%
Luxury Industry Average Movement	7.7%
Market Average Movement	6.9%
10% most volatile stocks in IN Market	9.8%
10% least volatile stocks in IN Market	4.5%

Stable Share Price: SHIVATEX is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: SHIVATEX's weekly volatility (8%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1980	1,394	Sangampalyam Sundararaman	https://www.shivatex.in

Shiva Texyarn Limited manufactures and markets cotton yarn, and technical and other value-added textile products in India and internationally. The company offers combed, carded, and compact yarns; slub and fancy yarns; quick dry products; quick fit products, including mattresses protectors; and baby products under the Q-Club brand. It also provides door, window, and shower curtains, as well as cushion covers; knitwear, light weight shells, seam sealed, multi layered, fleece and pile fabrics, and breathable film laminated garments; and extreme cold weather clothing, super high altitude mountaineering clothing, extreme cold weather combat glove systems, and internal and external frame rucksacks.

Shiva Texyarn Fundamentals Summary

How do Shiva Texyarn's earnings and revenue compare to its market cap?
SHIVATEX fundamental statistics
Market Cap	₹2.14b
Earnings (TTM)	₹200.12m
Revenue (TTM)	₹4.77b

10.7x

P/E Ratio

0.4x

P/S Ratio

Is SHIVATEX overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
SHIVATEX income statement (TTM)
Revenue	₹4.77b
Cost of Revenue	₹2.97b
Gross Profit	₹1.80b
Other Expenses	₹1.60b
Earnings	₹200.12m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	15.44
Gross Margin	37.74%
Net Profit Margin	4.19%
Debt/Equity Ratio	99.0%

How did SHIVATEX perform over the long term?

See historical performance and comparison

Dividends

0.8%

Current Dividend Yield

9%

Payout Ratio

We’ve recently updated our valuation analysis.

Valuation

Is SHIVATEX undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SHIVATEX?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for SHIVATEX. This is calculated by dividing SHIVATEX's market cap by their current preferred multiple.
What is SHIVATEX's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	₹2.14b

SHIVATEX key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	0.7x
Enterprise Value/EBITDA	6.3x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does SHIVATEX's PE Ratio compare to its peers?

SHIVATEX PE Ratio vs Peers

The above table shows the PE ratio for SHIVATEX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PE	Estimated Growth	Market Cap
Peer Average	10x

Forward PE

Price-To-Earnings vs Peers: SHIVATEX is expensive based on its Price-To-Earnings Ratio (10.7x) compared to the peer average (10x).

Price to Earnings Ratio vs Industry

How does SHIVATEX's PE Ratio compare vs other companies in the Indian Luxury Industry?

Price-To-Earnings vs Industry: SHIVATEX is good value based on its Price-To-Earnings Ratio (10.7x) compared to the Indian Luxury industry average (12x)

Price to Earnings Ratio vs Fair Ratio

What is SHIVATEX's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SHIVATEX PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	10.7x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate SHIVATEX's Price-To-Earnings Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of SHIVATEX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SHIVATEX (₹163.9) is trading above our estimate of fair value (₹14.03)

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

Price to Earnings Growth Ratio

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

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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

27.0%

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 Texyarn 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.

Discover growth companies

Check out Shiva Texyarn's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
Shiva Texyarn competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Shiva Texyarn performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

13.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SHIVATEX has high quality earnings.

Growing Profit Margin: SHIVATEX's current net profit margins (4.2%) are higher than last year (3.6%).

Past Earnings Growth Analysis

Earnings Trend: SHIVATEX's earnings have grown by 13.4% per year over the past 5 years.

Accelerating Growth: SHIVATEX's earnings growth over the past year (63%) exceeds its 5-year average (13.4% per year).

Earnings vs Industry: SHIVATEX earnings growth over the past year (63%) underperformed the Luxury industry 83.8%.

Return on Equity

High ROE: SHIVATEX's Return on Equity (14%) is considered low.

Discover strong past performing companies

Financial Health

How is Shiva Texyarn's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: SHIVATEX's short term assets (₹1.5B) exceed its short term liabilities (₹1.3B).

Long Term Liabilities: SHIVATEX's short term assets (₹1.5B) exceed its long term liabilities (₹716.9M).

Debt to Equity History and Analysis

Debt Level: SHIVATEX's net debt to equity ratio (92.1%) is considered high.

Reducing Debt: SHIVATEX's debt to equity ratio has reduced from 166.7% to 99% over the past 5 years.

Debt Coverage: SHIVATEX's debt is not well covered by operating cash flow (14%).

Interest Coverage: SHIVATEX's interest payments on its debt are well covered by EBIT (3.1x coverage).

Balance Sheet

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Dividend

What is Shiva Texyarn current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

0.85%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: SHIVATEX's dividend (0.85%) is higher than the bottom 25% of dividend payers in the Indian market (0.44%).

High Dividend: SHIVATEX's dividend (0.85%) is low compared to the top 25% of dividend payers in the Indian market (1.9%).

Stability and Growth of Payments

Stable Dividend: SHIVATEX has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: SHIVATEX has only been paying a dividend for 4 years, and since then payments have fallen.

Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (9.1%), SHIVATEX's dividend payments are thoroughly covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: SHIVATEX is paying a dividend but the company has no free cash flows.

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Management

How experienced are the management team and are they aligned to shareholders interests?

4.8yrs

Average management tenure

CEO

Sangampalyam Sundararaman (48 yo)

4.83yrs

Tenure

₹5,699,309

Compensation

Dr. Sangampalyam Kandasami Sundararaman, MBA, has been Managing Director of Shiva Texyarn Ltd since August 31, 2017. Dr. Sundararaman serves as the Head of Weaving Division & New Initiatives for Bannari Am...

CEO Compensation Analysis

Compensation vs Market: Sangampalyam's total compensation ($USD72.91K) is above average for companies of similar size in the Indian market ($USD38.35K).

Compensation vs Earnings: Sangampalyam's compensation has increased by more than 20% in the past year.

Leadership Team

Experienced Management: SHIVATEX's management team is considered experienced (4.8 years average tenure).

Board Members

Experienced Board: SHIVATEX's board of directors are considered experienced (7.3 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.

Ownership Breakdown

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

Data	Last Updated (UTC time)
Company Analysis	2022/06/24 00:00
End of Day Share Price	2022/06/24 00:00
Earnings	2022/03/31
Annual Earnings	2022/03/31