NSEI:SPLIL

Stock Analysis Report

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Executive Summary

SPL Industries Limited designs, manufactures, and sells cotton knitted garments and made ups in India. More Details


Snowflake Analysis

Excellent balance sheet with acceptable track record.

Share Price & News

How has SPL Industries's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SPLIL is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: SPLIL's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

13.4%

SPLIL

3.6%

IN Luxury

3.0%

IN Market


1 Year Return

-1.5%

SPLIL

8.7%

IN Luxury

13.5%

IN Market

Return vs Industry: SPLIL underperformed the Indian Luxury industry which returned 8.7% over the past year.

Return vs Market: SPLIL underperformed the Indian Market which returned 13.5% over the past year.


Shareholder returns

SPLILIndustryMarket
7 Day13.4%3.6%3.0%
30 Day16.6%14.4%12.9%
90 Day12.4%20.8%16.1%
1 Year-1.5%-1.5%9.4%8.7%15.6%13.5%
3 Year64.1%64.1%8.0%5.8%10.0%4.6%
5 Year28.0%28.0%63.5%55.3%65.2%52.7%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is SPL Industries undervalued compared to its fair value and its price relative to the market?

4.56x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SPLIL (₹32.65) is trading above our estimate of fair value (₹24.88)

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


Price To Earnings Ratio

PE vs Industry: SPLIL is good value based on its PE Ratio (4.6x) compared to the IN Luxury industry average (16.5x).

PE vs Market: SPLIL is good value based on its PE Ratio (4.6x) compared to the Indian market (17.5x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: SPLIL's PB Ratio (0.7x) is in line with the IN Luxury industry average.


Next Steps

Future Growth

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

54.4%

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 SPL 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 SimplyWall St do have past financial data.


Next Steps

Past Performance

How has SPL Industries performed over the past 5 years?

40.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SPLIL has high quality earnings.

Growing Profit Margin: SPLIL's current net profit margins (17%) are higher than last year (15.3%).


Past Earnings Growth Analysis

Earnings Trend: SPLIL's earnings have grown significantly by 40.3% per year over the past 5 years.

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

Earnings vs Industry: SPLIL had negative earnings growth (-29.5%) over the past year, making it difficult to compare to the Luxury industry average (-28.1%).


Return on Equity

High ROE: SPLIL's Return on Equity (15.2%) is considered low.


Next Steps

Financial Health

How is SPL Industries's financial position?


Financial Position Analysis

Short Term Liabilities: SPLIL's short term assets (₹980.9M) exceed its short term liabilities (₹172.4M).

Long Term Liabilities: SPLIL's short term assets (₹980.9M) exceed its long term liabilities (₹7.4M).


Debt to Equity History and Analysis

Debt Level: SPLIL's debt to equity ratio (3.1%) is considered satisfactory.

Reducing Debt: SPLIL's debt to equity ratio has increased from 1% to 3.1% over the past 5 years.

Debt Coverage: SPLIL's debt is well covered by operating cash flow (366.3%).

Interest Coverage: SPLIL earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is SPL Industries's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate SPLIL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate SPLIL's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if SPLIL's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SPLIL's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SPLIL's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

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

4.0yrs

Average management tenure


CEO

Mukesh Aggarwal (55 yo)

no data

Tenure

₹6,288,462

Compensation

Mr. Mukesh Kumar Aggarwal serves as the Chairman of the Board, Managing Directo and Chief Executive Officer of SPL Industries Limited. Mr. Aggarwal has very vast experience in managing the affairs of garme...


CEO Compensation Analysis

Compensation vs Market: Mukesh's total compensation ($USD85.25K) is above average for companies of similar size in the Indian market ($USD48.77K).

Compensation vs Earnings: Mukesh's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Mukesh Aggarwal
MD, CEO & Chairman of the Boardno data₹6.29m20.01%
₹ 190.0m
Sanjay Gupta
Chief Financial Officer5.58yrs₹892.05kno data
Ashish Yadav
Compliance Officer & Company Secretary4yrs₹752.31kno data
Vijay Jindal
Whole-Time Director16.92yrsno data1.38%
₹ 13.1m

4.0yrs

Average Tenure

Experienced Management: SPLIL's management team is considered experienced (4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Mukesh Aggarwal
MD, CEO & Chairman of the Boardno data₹6.29m20.01%
₹ 190.0m
Vijay Jindal
Whole-Time Director16.92yrsno data1.38%
₹ 13.1m
Shashi Aggarwal
Woman Non-Executive Director7.25yrsno data5.09%
₹ 48.3m
Rajesh Goyal
Non-Executive Independent Director9.5yrsno datano data
Arun Kumar
Non-Executive Independent Director9.5yrsno datano data
Chanderjeet Bhatia
Non-Executive Independent Director9.5yrsno datano data

9.5yrs

Average Tenure

56yo

Average Age

Experienced Board: SPLIL's board of directors are considered experienced (9.5 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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

SPL Industries Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: SPL Industries Limited
  • Ticker: SPLIL
  • Exchange: NSEI
  • Founded: 1991
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: ₹949.750m
  • Shares outstanding: 29.00m
  • Website: https://www.spllimited.com

Number of Employees


Location

  • SPL Industries Limited
  • Plot No. 21
  • Sector - 6
  • Faridabad
  • Haryana
  • 121006
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
532651BSE (Mumbai Stock Exchange)YesEquity SharesININRJul 2005
SPLILNSEI (National Stock Exchange of India)YesEquity SharesININRJul 2005

Biography

SPL Industries Limited designs, manufactures, and sells cotton knitted garments and made ups in India. The company operates through two segments, Manufacturing and Trading. It offers single jersey, jacquar...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/05 12:04
End of Day Share Price2020/12/04 00:00
Earnings2020/09/30
Annual Earnings2020/03/31


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.