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CLC Industries

NSEI:SPENTEX
Snowflake Description

Mediocre balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SPENTEX
NSEI
₹162M
Market Cap
  1. Home
  2. IN
  3. Consumer Durables
Company description

CLC Industries Limited, a textile company, manufactures and trades in synthetic and cotton yarns in India and internationally. The last earnings update was 252 days ago. More info.


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  • CLC Industries has significant price volatility in the past 3 months.
SPENTEX Share Price and Events
7 Day Returns
-5.3%
NSEI:SPENTEX
0%
IN Luxury
-1.2%
IN Market
1 Year Returns
-54.4%
NSEI:SPENTEX
-4.3%
IN Luxury
-2.5%
IN Market
SPENTEX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
CLC Industries (SPENTEX) -5.3% 9.1% 12.5% -54.4% -45.5% -53.8%
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
  • SPENTEX underperformed the Luxury industry which returned -4.3% over the past year.
  • SPENTEX underperformed the Market in India which returned -2.5% over the past year.
Price Volatility
SPENTEX
Industry
5yr Volatility vs Market
Related Companies

Value

 Is CLC Industries 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 CLC Industries 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 CLC Industries.

NSEI:SPENTEX 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 24.8%
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:SPENTEX
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%) (3361.37%))
11.493
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (2 * 8.6%)
24.75%

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

The calculations below outline how an intrinsic value for CLC Industries 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:SPENTEX DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 24.75%)
2019 60.23 Est @ 0.93% 48.28
2020 61.99 Est @ 2.91% 39.83
2021 64.66 Est @ 4.3% 33.30
2022 68.07 Est @ 5.28% 28.10
2023 72.12 Est @ 5.96% 23.87
2024 76.77 Est @ 6.44% 20.37
2025 81.96 Est @ 6.77% 17.43
2026 87.71 Est @ 7% 14.95
2027 93.99 Est @ 7.17% 12.84
2028 100.84 Est @ 7.28% 11.05
Present value of next 10 years cash flows ₹250.04
NSEI:SPENTEX DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹100.84 × (1 + 7.55%) ÷ (24.75% – 7.55%)
₹630.53
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹630.53 ÷ (1 + 24.75%)10
₹69.07
NSEI:SPENTEX Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹250.04 + ₹69.07
₹319.11
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹319.11 / 89.77
₹3.55
NSEI:SPENTEX Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹3.55
Current discount Discount to share price of ₹1.80
= -1 x (₹1.80 - ₹3.55) / ₹3.55
49.4%

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

Current Discount
Amount off the current price CLC Industries is available for.
Intrinsic value
49%
Share price is ₹1.8 vs Future cash flow value of ₹3.55
Current Discount Checks
For CLC Industries to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • CLC Industries's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • CLC Industries's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 CLC Industries's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are CLC Industries's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:SPENTEX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-03-31) in INR ₹-12.86
BSE:521082 Share Price ** BSE (2019-04-23) in INR ₹1.8
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 CLC Industries.

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

= BSE:521082 Share Price ÷ EPS (both in INR)

= 1.8 ÷ -12.86

-0.14x

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

  • CLC Industries is loss making, we can't compare its value to the IN Luxury industry average.
  • CLC Industries is loss making, we can't compare the value of its earnings to the India market.
Price based on expected Growth
Does CLC Industries's expected growth come at a high price?
Raw Data
NSEI:SPENTEX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.14x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
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 CLC Industries, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on CLC Industries's assets?
Raw Data
NSEI:SPENTEX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-03-31) in INR ₹-98.59
BSE:521082 Share Price * BSE (2019-04-23) in INR ₹1.8
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:SPENTEX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:521082 Share Price ÷ Book Value per Share (both in INR)

= 1.8 ÷ -98.59

-0.02x

* Primary Listing of CLC Industries.

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

  • CLC Industries has negative assets, we can't compare the value of its assets to the IN Luxury industry average.
X
Value checks
We assess CLC Industries'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. CLC Industries 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.

Future Performance

 How is CLC Industries expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 CLC Industries 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
19.3%
Expected Luxury industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is CLC Industries expected to grow at an attractive rate?
  • Unable to compare CLC Industries's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare CLC Industries's earnings growth to the India market average as no estimate data is available.
  • Unable to compare CLC Industries's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:SPENTEX Future Growth Rates Data Sources
Data Point Source Value (per year)
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:SPENTEX 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:SPENTEX Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-03-31 4,797 67 -1,155
2017-03-31 7,807 258 -3,092
2016-03-31 7,991 77 -1,048

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if CLC Industries is high growth as no earnings estimate data is available.
  • Unable to determine if CLC Industries 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:SPENTEX 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 CLC Industries Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:SPENTEX Past Financials Data
Date (Data in INR Millions) EPS *
2018-03-31 -12.86
2017-03-31 -34.45
2016-03-31 -11.67

*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 CLC Industries will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of SPENTEX’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. CLC Industries's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Consumer Durables companies here
  3. CLC Industries's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess CLC Industries'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.
CLC Industries 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.

Past Performance

  How has CLC Industries performed over the past 5 years?

  • CLC Industries's last earnings update was 252 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 CLC Industries'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.
  • CLC Industries does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.
  • Unable to compare CLC Industries's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare CLC Industries's 1-year growth to the IN Luxury industry average as it is not currently profitable.
Earnings and Revenue History
CLC Industries'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 CLC Industries Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:SPENTEX 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 4,797.38 -1,154.50 770.45
2017-03-31 7,806.77 -3,092.39 1,109.25
2016-03-31 7,990.72 -1,047.72 934.21
2015-03-31 9,110.72 -858.07 914.04
2014-03-31 11,501.23 -282.90 1,339.68
2013-03-31 11,907.21 -432.90 1,499.91

*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.
  • It is difficult to establish if CLC Industries has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if CLC Industries has efficiently used its assets last year compared to the IN Luxury industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if CLC Industries improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.
X
Past performance checks
We assess CLC Industries'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.
CLC Industries 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.

Health

 How is CLC Industries'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 CLC Industries's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • CLC Industries's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • CLC Industries's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of CLC Industries'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.
  • CLC Industries has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
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 CLC Industries Company Filings, last reported 1 year ago.

NSEI:SPENTEX Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-03-31 -7,874.38 5,431.62 20.45
2017-03-31 -6,898.59 5,696.06 10.74
2016-03-31 -3,864.60 8,785.89 52.82
2015-03-31 -2,813.95 7,426.86 32.89
2014-03-31 -2,186.47 7,859.40 44.80
2013-03-31 -2,290.83 9,083.86 80.12
  • CLC Industries has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if CLC Industries's debt level has increased considering it has negative shareholder equity.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making CLC Industries has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making CLC Industries has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 77.7% per year.
X
Financial health checks
We assess CLC Industries'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. CLC Industries has a total score of 3/6, 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.

Dividends

 What is CLC Industries'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
0%
Current annual income from CLC Industries dividends.
If you bought ₹2,000 of CLC Industries shares you are expected to receive ₹0 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?
  • Unable to evaluate CLC Industries's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate CLC Industries's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:SPENTEX 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.

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

  • Unable to perform a dividend volatility check as CLC Industries has not reported any payouts.
  • Unable to verify if CLC Industries's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of CLC Industries's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as CLC Industries has not reported any payouts.
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 CLC Industries'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 CLC Industries afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. CLC Industries has a total score of 0/6, see the detailed checks below.


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

Management

 What is the CEO of CLC Industries'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
Mukund Choudhary
COMPENSATION ₹460,000
AGE 47
CEO Bio

Mr. Mukund Choudhary serves as the Managing Director of Spentex Industries Limited. Mr. Choudhary has been Director at CLC Industries Ltd since March 5, 2004 and its Chief Executive Officer since November 14, 2018 and serves as its Managing Director. He is overall in charge of entire affairs of the CLC Industries Ltd strategizing or future planning for the growth and profitability. Mr. Choudhary served with CLC Global Ltd. He served as Managing Director of Indo Rama Textiles Ltd., since May 24, 2006. He has been an Executive Director of Spentex Industries Limited since May 12, 2004. He served as a Non-Executive Independent Director of Vardhman Special Steels Limited from March 15, 2011 to October 07, 2014. Mr. Choudhary served as a Director of Indo Rama Textiles, Ltd., since May 24, 2006. He joined family business in 1992. He has acquired CLC Global Ltd. and Spentex Industries Ltd. under SEBI (SAST) Regulations, 1997 and expanded business to manifold and today commands the most reputed name amongst textile mills for marketing their products. Mr. Choudhary is Commerce graduate and is having rich experience in operations aspects.

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

Average tenure and age of the CLC Industries management team in years:

0.9
Average Tenure
49
Average Age
  • The average tenure for the CLC Industries management team is less than 2 years, this suggests a new team.
Management Team

Mukund Choudhary

TITLE
MD, CEO & Executive Director
COMPENSATION
₹460K
AGE
47

Kapil Choudhary

TITLE
COO, Deputy MD & Executive Director
COMPENSATION
₹460K
AGE
45
TENURE
0.5 yrs

Manish Gupta

TITLE
Assistant Vice President of Operations
AGE
52

Suraj Setia

TITLE
Consultant and Technical Advisor
COMPENSATION
₹12K
AGE
77

C. Kataria

TITLE
President
COMPENSATION
₹3M
AGE
51

Koushal Madan

TITLE
Chief Financial Officer
AGE
47
TENURE
0.4 yrs

Bharat Kapoor

TITLE
Company Secretary & Compliance Officer
TENURE
0.9 yrs

Awanish Bharadwaj

TITLE
Unit Head of Solapur
TENURE
1.3 yrs

B. Dhillon

TITLE
Unit Head of Baramati
TENURE
1.3 yrs

B. Murthy

TITLE
Senior Manager of Secretarial
Board of Directors Tenure

Average tenure of the CLC Industries board of directors in years:

0.8
Average Tenure
  • The average tenure for the CLC Industries board of directors is less than 3 years, this suggests a new board.
Board of Directors

Mukund Choudhary

TITLE
MD, CEO & Executive Director
COMPENSATION
₹460K
AGE
47
TENURE
14.9 yrs

Kapil Choudhary

TITLE
COO, Deputy MD & Executive Director
COMPENSATION
₹460K
AGE
45
TENURE
14.9 yrs

Kapoor Garg

TITLE
Independent Director
TENURE
0.8 yrs

Honey Kaur

TITLE
Independent Director
TENURE
0.3 yrs

Mohd. Asim

TITLE
Independent Director
TENURE
0.3 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 (₹)
X
Management checks
We assess CLC Industries'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. CLC Industries 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.

News

Simply Wall St News

Introducing CLC Industries (NSE:SPENTEX), The Stock That Slid 56% In The Last Year

Given that CLC Industries didn't make a profit in the last twelve months, we'll focus on revenue growth to form a quick view of its business development. … Some companies are willing to postpone profitability to grow revenue faster, but in that case one does expect good top-line growth. … CLC Industries's revenue didn't grow at all in the last year.

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CLC Industries Limited (NSE:SPENTEX): What Does Its Beta Value Mean For Your Portfolio?

In finance, Beta is a measure of volatility. … Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility).

Simply Wall St -

What Kind Of Investor Owns Most Of CLC Industries Limited (NSE:SPENTEX)?

Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … CLC Industries is not a large company by global standards. … institutions don't own many shares in the company

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Before You Buy CLC Industries Limited (NSE:SPENTEX), Consider Its Volatility

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

Why Spentex Industries Limited's (NSE:SPENTEX) Ownership Structure Is Important

I am going to take a deep dive into Spentex Industries Limited’s (NSE:SPENTEX) most recent ownership structure, not a frequent subject of discussion among individual investors. … When it comes to ownership structure of a company, the impact has been observed in both the long-and short-term performance of shares. … Therefore, it is beneficial for us to examine SPENTEX's ownership structure in more detail.

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Does Spentex Industries Limited (NSE:SPENTEX) Go Up With The Market?

If you are looking to invest in Spentex Industries Limited’s (NSEI:SPENTEX), or currently own the stock, then you need to understand its beta in order to understand how it can affect the risk of your portfolio. … A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … SPENTEX’s beta indicates it is a stock that investors may find valuable if they want to reduce the overall market risk exposure of their stock portfolio.

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Who Are The Largest Shareholders In Spentex Industries Limited (NSE:SPENTEX)?

In this article, I will take a quick look at Spentex Industries Limited’s (NSEI:SPENTEX) recent ownership structure – an unconventional investing subject, but an important one. … Insider Ownership Another important group of shareholders are company insiders. … As a result, potential investors should further explore the company's business relations with these companies and find out if they can affect shareholder returns in the long-term.Next Steps: Institutional ownership in SPENTEX is not at a level that would concern investors.

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Can Spentex Industries Limited (NSE:SPENTEX) Improve Your Portfolio Returns?

SPENTEX's beta implies it may be a stock that investors with high-beta portfolios might find relevant if they wanted to reduce their exposure to market risk, especially during times of downturns. … SPENTEX, with its market capitalisation of ₹794.48M, is a small-cap stock, which generally have higher beta than similar companies of larger size. … How SPENTEX's assets could affect its beta An asset-heavy company tends to have a higher beta because the risk associated with running fixed assets during a downturn is highly expensive.

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Spentex Industries Limited (NSE:SPENTEX) And The Consumer Sector Outlook 2017

Today, I will analyse the industry outlook, and also determine whether Spentex Industries is a laggard or leader relative to its consumer discretionary sector peers. … Spentex Industries has been a luxury goods industry laggard in the past year. … If your initial investment thesis is around the growth prospects of Spentex Industries, there are other luxury goods companies that have delivered higher growth, and perhaps trading at a discount to the industry average.

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Who Are The Major Shareholders In Spentex Industries Limited (NSE:SPENTEX)?

This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions. … Private Company Ownership Potential investors in SPENTEX should also look at another important group of investors: private companies, with a stake of 21.57%, who are primarily invested because of strategic and capital gain interests. … Thus, investors should dig deeper into SPENTEX's business relations with these companies and how it can affect shareholder returns in the long-term.What this means for you: Institutional ownership level and composition in SPENTEX is not high nor active enough to significantly impact its investment thesis.

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Company Info

Description

CLC Industries Limited, a textile company, manufactures and trades in synthetic and cotton yarns in India and internationally. It offers hosiery, weaving, carpet, and industrial yarns; sewing threads; and flat knitting products for use in home textiles and garments industry applications. The company was formerly known as Spentex Industries Limited and changed its name to CLC Industries Limited in July 2018. CLC Industries Limited was incorporated in 1991 and is based in New Delhi, India.

Details
Name: CLC Industries Limited
SPENTEX
Exchange: NSEI
Founded: 1991
₹161,589,663
89,772,035
Website: http://www.clcindia.com
Address: CLC Industries Limited
A-60, Okhla Industrial Area,
Phase-II,
New Delhi,
Delhi, 110020,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 521082 Equity Shares Mumbai Stock Exchange IN INR 06. Feb 2002
NSEI SPENTEX Equity Shares National Stock Exchange of India IN INR 06. Feb 2002
Number of employees
Current staff
Staff numbers
0
CLC Industries employees.
Industry
Textiles
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 12:57
End of day share price update: 2019/04/23 00:00
Last earnings filing: 2018/08/14
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.