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Shekhawati Poly-Yarn

NSEI:SPYL
Snowflake Description

Mediocre balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SPYL
NSEI
₹76M
Market Cap
  1. Home
  2. IN
  3. Consumer Durables
Company description

Shekhawati Poly-Yarn Limited manufactures and sells texturizing yarns, twisting yarns, and knitted fabrics in India. The last earnings update was 11 days ago. More info.


Add to Portfolio Compare Print
  • Shekhawati Poly-Yarn has significant price volatility in the past 3 months.
SPYL Share Price and Events
7 Day Returns
50%
NSEI:SPYL
-2.5%
IN Luxury
-2.1%
IN Market
1 Year Returns
-50%
NSEI:SPYL
-8.9%
IN Luxury
-8.6%
IN Market
SPYL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Shekhawati Poly-Yarn (SPYL) 50% 20% 0% -50% -76.9% -84.2%
IN Luxury -2.5% -2% -3.9% -8.9% 47.6% 187.3%
IN Market -2.1% -4.5% -3.5% -8.6% 40.3% 78.7%
1 Year Return vs Industry and Market
  • SPYL underperformed the Luxury industry which returned -8.9% over the past year.
  • SPYL underperformed the Market in India which returned -8.6% over the past year.
Price Volatility
SPYL
Industry
5yr Volatility vs Market

Value

 Is Shekhawati Poly-Yarn 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 Shekhawati Poly-Yarn 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 Shekhawati Poly-Yarn.

NSEI:SPYL 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 22.5%
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:SPYL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 7.5%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.57
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.574 (1 + (1- 35%) (2700.84%))
10.651
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 * 7.45%)
22.45%

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

The calculations below outline how an intrinsic value for Shekhawati Poly-Yarn is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

NSEI:SPYL DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (INR, Millions) 58.10 47.06 38.59 32.03 26.90
Source Est @ -20%, capped from -25.27% Est @ -19%, capped from -25.27% Est @ -18%, capped from -25.27% Est @ -17%, capped from -25.27% Est @ -16%, capped from -25.27%
Present Value
Discounted (@ 22.45%)
47.45 31.39 21.02 14.25 9.77
Present value of next 5 years cash flows ₹123.87
NSEI:SPYL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= ₹26.90 × (1 + 7.55%) ÷ (22.45% – 7.55%)
₹194.19
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= ₹194.19 ÷ (1 + 22.45%)5
₹70.54
NSEI:SPYL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= ₹123.87 + ₹70.54
₹194.41
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹194.41 / 344.70
₹0.74
NSEI:SPYL Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:SPYL represents 1.30434x of BSE:533301
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.30434x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 0.56 x 1.30434
₹0.74
Value per share (INR) From above. ₹0.74
Current discount Discount to share price of ₹0.30
= -1 x (₹0.30 - ₹0.74) / ₹0.74
59.2%

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

Current Discount
Amount off the current price Shekhawati Poly-Yarn is available for.
Intrinsic value
>50%
Share price is ₹0.3 vs Future cash flow value of ₹0.73564
Current Discount Checks
For Shekhawati Poly-Yarn to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Shekhawati Poly-Yarn's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Shekhawati Poly-Yarn'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 Shekhawati Poly-Yarn's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Shekhawati Poly-Yarn's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:SPYL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹-0.54
BSE:533301 Share Price ** BSE (2019-02-19) in INR ₹0.23
India Luxury Industry PE Ratio Median Figure of 237 Publicly-Listed Luxury Companies 11.54x
India Market PE Ratio Median Figure of 2,715 Publicly-Listed Companies 15.16x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Shekhawati Poly-Yarn.

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

= BSE:533301 Share Price ÷ EPS (both in INR)

= 0.23 ÷ -0.54

-0.43x

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

  • Shekhawati Poly-Yarn is loss making, we can't compare its value to the IN Luxury industry average.
  • Shekhawati Poly-Yarn is loss making, we can't compare the value of its earnings to the India market.
Price based on expected Growth
Does Shekhawati Poly-Yarn's expected growth come at a high price?
Raw Data
NSEI:SPYL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.43x
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 27 Publicly-Listed Luxury Companies 1.09x
India Market PEG Ratio Median Figure of 606 Publicly-Listed Companies 1.1x

*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 Shekhawati Poly-Yarn, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Shekhawati Poly-Yarn's assets?
Raw Data
NSEI:SPYL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹-1.85
BSE:533301 Share Price * BSE (2019-02-19) in INR ₹0.23
India Luxury Industry PB Ratio Median Figure of 307 Publicly-Listed Luxury Companies 0.69x
India Market PB Ratio Median Figure of 3,587 Publicly-Listed Companies 1.04x
NSEI:SPYL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:533301 Share Price ÷ Book Value per Share (both in INR)

= 0.23 ÷ -1.85

-0.12x

* Primary Listing of Shekhawati Poly-Yarn.

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

  • Shekhawati Poly-Yarn has negative assets, we can't compare the value of its assets to the IN Luxury industry average.
X
Value checks
We assess Shekhawati Poly-Yarn'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. Shekhawati Poly-Yarn 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 Shekhawati Poly-Yarn 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 Shekhawati Poly-Yarn 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
18.3%
Expected Luxury industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Shekhawati Poly-Yarn expected to grow at an attractive rate?
  • Unable to compare Shekhawati Poly-Yarn's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Shekhawati Poly-Yarn's earnings growth to the India market average as no estimate data is available.
  • Unable to compare Shekhawati Poly-Yarn's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:SPYL Future Growth Rates Data Sources
Data Point Source Value (per year)
India Luxury Industry Earnings Growth Rate Market Cap Weighted Average 18.3%
India Luxury Industry Revenue Growth Rate Market Cap Weighted Average 15%
India Market Earnings Growth Rate Market Cap Weighted Average 18.5%
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:SPYL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month 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:SPYL Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 1,541 -189
2018-09-30 1,775 -151
2018-06-30 1,570 -154
2018-03-31 1,448 9 -136
2017-12-31 1,261 -213
2017-09-30 1,115 -331
2017-06-30 1,033 -447
2017-03-31 929 39 -561
2016-12-31 1,001 -413
2016-09-30 1,086 -1,050
2016-06-30 1,309 -1,153
2016-03-31 2,254 -440 -1,044

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Shekhawati Poly-Yarn is high growth as no earnings estimate data is available.
  • Unable to determine if Shekhawati Poly-Yarn 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:SPYL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Shekhawati Poly-Yarn Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:SPYL Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 -0.54
2018-09-30 -0.45
2018-06-30 -0.44
2018-03-31 -0.39
2017-12-31 -0.73
2017-09-30 -0.97
2017-06-30 -1.28
2017-03-31 -1.67
2016-12-31 -1.35
2016-09-30 -3.83
2016-06-30 -4.59
2016-03-31 -4.57

*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 Shekhawati Poly-Yarn will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of SPYL’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. Shekhawati Poly-Yarn'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. Shekhawati Poly-Yarn'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 Shekhawati Poly-Yarn'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.
Shekhawati Poly-Yarn 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 Shekhawati Poly-Yarn performed over the past 5 years?

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 Shekhawati Poly-Yarn'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.
  • Shekhawati Poly-Yarn does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Shekhawati Poly-Yarn's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Shekhawati Poly-Yarn's 1-year growth to the IN Luxury industry average as it is not currently profitable.
Earnings and Revenue History
Shekhawati Poly-Yarn'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 Shekhawati Poly-Yarn Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:SPYL Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,541.05 -189.16 70.47
2018-09-30 1,774.66 -150.96 73.82
2018-06-30 1,570.26 -153.81 70.94
2018-03-31 1,447.87 -135.98 69.54
2017-12-31 1,260.69 -213.46 68.69
2017-09-30 1,114.88 -331.01 68.52
2017-06-30 1,032.61 -447.10 72.02
2017-03-31 928.70 -561.21 69.84
2016-12-31 1,000.65 -413.40 223.37
2016-09-30 1,085.59 -1,050.27 65.65
2016-06-30 1,309.11 -1,153.01 68.35
2016-03-31 2,253.81 -1,043.92 70.82
2015-12-31 3,019.95 -882.80 99.92
2015-09-30 3,716.88 -115.42 96.66
2015-06-30 4,108.76 87.01 91.42
2015-03-31 3,542.57 71.63 66.39
2014-12-31 3,240.78 42.73 98.74
2014-09-30 3,094.56 58.91 101.83
2014-06-30 3,240.42 59.74 74.39
2014-03-31 3,518.84 70.51 105.12
2013-12-31 3,435.24 88.59 91.27
2013-09-30 3,122.54 73.36 83.28
2013-06-30 2,722.11 61.80 58.54
2013-03-31 2,397.97 45.15 75.94
2012-12-31 2,277.93 31.70 73.60
2012-09-30 2,275.77 34.11 72.10
2012-06-30 2,202.47 37.60 44.79
2012-03-31 2,100.47 44.21 53.43

*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 Shekhawati Poly-Yarn 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 Shekhawati Poly-Yarn 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 Shekhawati Poly-Yarn 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 Shekhawati Poly-Yarn'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.
Shekhawati Poly-Yarn 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 Shekhawati Poly-Yarn'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 Shekhawati Poly-Yarn's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Shekhawati Poly-Yarn's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Shekhawati Poly-Yarn's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Shekhawati Poly-Yarn'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.
  • Shekhawati Poly-Yarn 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 Shekhawati Poly-Yarn Company Filings, last reported 1 month ago.

NSEI:SPYL Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 -655.76 2,048.16 29.88
2018-09-30 -655.76 2,048.16 29.88
2018-06-30 -591.12 966.95 44.26
2018-03-31 -591.12 1,923.54 11.08
2017-12-31 -479.17 1,937.36 108.51
2017-09-30 -479.17 1,937.36 108.51
2017-06-30 -327.56 1,945.76 20.86
2017-03-31 -454.44 1,941.95 20.86
2016-12-31 21.99 1,625.42 23.51
2016-09-30 21.99 1,625.42 23.51
2016-06-30 161.96 1,820.89 16.41
2016-03-31 161.96 1,978.91 16.41
2015-12-31 1,103.92 1,628.78 56.65
2015-09-30 1,103.92 1,628.78 56.65
2015-06-30 1,135.49 1,455.63 40.87
2015-03-31 1,135.49 1,455.63 40.87
2014-12-31 764.10 1,247.61 38.26
2014-09-30 764.10 1,247.61 38.26
2014-06-30 736.24 1,321.94 19.80
2014-03-31 736.24 1,279.02 19.80
2013-12-31 705.71 1,342.75 19.50
2013-09-30 705.71 1,342.75 19.50
2013-06-30 665.73 1,003.27 18.06
2013-03-31 665.73 1,116.85 18.06
2012-12-31 632.36 1,223.20 17.22
2012-09-30 632.36 1,223.20 17.22
2012-06-30 620.58 985.74 8.21
2012-03-31 620.58 994.47 8.21
  • Shekhawati Poly-Yarn has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Shekhawati Poly-Yarn'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 Shekhawati Poly-Yarn has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Shekhawati Poly-Yarn has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -146.8% per year.
X
Financial health checks
We assess Shekhawati Poly-Yarn'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. Shekhawati Poly-Yarn 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 Shekhawati Poly-Yarn'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 Shekhawati Poly-Yarn dividends.
If you bought ₹2,000 of Shekhawati Poly-Yarn 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 Shekhawati Poly-Yarn's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Shekhawati Poly-Yarn'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:SPYL 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 109 Stocks 0.7%
India Market Average Dividend Yield Market Cap Weighted Average of 1397 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:SPYL Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2012-05-28 0.000 0.000
2012-02-14 0.000 0.000
2011-09-02 0.000 0.000
2011-01-12 0.013 0.439

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

  • Unable to perform a dividend volatility check as Shekhawati Poly-Yarn has not reported any payouts.
  • Unable to verify if Shekhawati Poly-Yarn's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Shekhawati Poly-Yarn's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Shekhawati Poly-Yarn 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 Shekhawati Poly-Yarn'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 Shekhawati Poly-Yarn afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Shekhawati Poly-Yarn 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 Shekhawati Poly-Yarn'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
Mukesh Ruia
COMPENSATION ₹1,750,000
AGE 46
TENURE AS CEO 8.9 years
CEO Bio

Mr. Mukesh Ramniranjan Ruia has been the Chairman and Managing Director of Shekhawati Poly-Yarn Limited since August 14, 2013 and March 2, 2010 respectively. Mr. Ruia has been a Director of Shekhawati Poly-Yarn Limited since March 2, 2010. He is B. Com from Mumbai University.

CEO Compensation
  • Mukesh's compensation has increased whilst company is loss making.
  • Mukesh's remuneration is about average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Shekhawati Poly-Yarn management team in years:

6.3
Average Tenure
46
Average Age
  • The average tenure for the Shekhawati Poly-Yarn management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Mukesh Ruia

TITLE
Chairman & MD
COMPENSATION
₹2M
AGE
46
TENURE
8.9 yrs

Suresh Gattaini

TITLE
Chief Financial Officer
COMPENSATION
₹2M
AGE
51
TENURE
3.3 yrs

Meena Agal

TITLE
Company Secretary & Compliance Officer
COMPENSATION
₹674K
TENURE
6.3 yrs

Ravi Jogi

TITLE
Whole-Time Director
COMPENSATION
₹1M
AGE
30

Kamlesh Sharma

TITLE
Marketing Manager

Anmol Patil

TITLE
Human Resource Officer
Board of Directors Tenure

Average tenure and age of the Shekhawati Poly-Yarn board of directors in years:

5.5
Average Tenure
40
Average Age
  • The tenure for the Shekhawati Poly-Yarn board of directors is about average.
Board of Directors

Mukesh Ruia

TITLE
Chairman & MD
COMPENSATION
₹2M
AGE
46
TENURE
5.5 yrs

Ravi Jogi

TITLE
Whole-Time Director
COMPENSATION
₹1M
AGE
30
TENURE
5.5 yrs

Sushil Poddar

TITLE
Independent Non Executive Director
COMPENSATION
₹5K
AGE
75
TENURE
7.5 yrs

Swati Sahukara

TITLE
Independent Non Executive Director
COMPENSATION
₹5K
AGE
35
TENURE
3.5 yrs

Rohini Dandekar

TITLE
Independent Director
COMPENSATION
₹5K
AGE
40
TENURE
1.8 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 Shekhawati Poly-Yarn'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. Shekhawati Poly-Yarn 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

Why Shekhawati Poly-Yarn Limited's (NSE:SPYL) Investor Composition Impacts Your Returns

General Public Ownership A substantial ownership of 20.66% in SPYL is held by the general public. … Private Company Ownership Potential investors in SPYL should also look at another important group of investors: private companies, with a stake of 32.27%, who are primarily invested because of strategic and capital gain interests. … Thus, potential investors should look into these business relations and check how it can impact long-term shareholder returns.Next Steps: Institutional ownership in SPYL is not at a level that would concern investors.

Simply Wall St -

Is Shekhawati Poly-Yarn Limited's (NSE:SPYL) CEO Overpaid Relative To Its Peers?

See our latest analysis for Shekhawati Poly-Yarn What has been the trend in SPYL's earnings? … In the past year, SPYL delivered negative earnings of -₹213.46M. … Usually I would use earnings and market cap to account for variations in performance, however, SPYL's negative earnings reduces the effectiveness of this method.

Simply Wall St -

Does Shekhawati Poly-Yarn Limited's (NSE:SPYL) Earnings Growth Make It An Outperformer?

View our latest analysis for Shekhawati Poly-Yarn How Well Did SPYL Perform? … To account for any quarterly or half-yearly updates, I use data from the most recent 12 months, which annualizes the most recent half-year data, or in some cases, the latest annual report is already the most recent financial year data. … NSEI:SPYL Income Statement Apr 20th 18 We can further evaluate Shekhawati Poly-Yarn's loss by looking at what the industry has been experiencing over the past few years.

Simply Wall St -

How Long Will Shekhawati Poly-Yarn Limited's (NSE:SPYL) Cash Last?

Additional cash raising may dilute the value of your shares, and since Shekhawati Poly-Yarn is currently burning more cash than it is making, it’s likely the business will need funding for future growth. … NSEI:SPYL Income Statement Apr 4th 18 When will Shekhawati Poly-Yarn need to raise more cash? … However, if Shekhawati Poly-Yarn continues to grow its opex at this rate, given how much money it currently has in the bank, it will need to raise capital again in 1.6 years.

Simply Wall St -

Why Shekhawati Poly-Yarn Limited's (NSE:SPYL) Ownership Structure Is Important

This size of ownership gives retail investors collective power in deciding on major policy decisions such as executive compensation, appointment of directors and acquisitions of businesses. … 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 Another important group of owners for potential investors in SPYL are private companies that hold a stake of 39.81% in SPYL.

Simply Wall St -

Is Shekhawati Poly-Yarn Limited's (NSE:SPYL) CEO Paid At A Competitive Rate?

Earnings is a powerful indication of SPYL's ability to invest shareholders' funds and generate returns. … Therefore I will use earnings as a proxy of Ruia's performance in the past year. … Normally I would use earnings and market cap to account for variations in performance, however, SPYL's negative earnings reduces the effectiveness of this method.

Simply Wall St -

Has Shekhawati Poly-Yarn Limited (NSE:SPYL) Improved Earnings Growth In Recent Times?

After looking at Shekhawati Poly-Yarn Limited's (NSEI:SPYL) latest earnings update (30 September 2017), I found it helpful to revisit the company's performance in the past couple of years and compare this against the latest numbers. … Check out our latest analysis for Shekhawati Poly-Yarn Did SPYL beat its long-term earnings growth trend and its industry? … For Shekhawati Poly-Yarn, its latest earnings (trailing twelve month) is -₹331.0M, which compared to the prior year's figure, has become less negative.

Simply Wall St -

Company Info

Map
Description

Shekhawati Poly-Yarn Limited manufactures and sells texturizing yarns, twisting yarns, and knitted fabrics in India. The company offers roto, weft, micro, full dull, catonic, twisted TPM, and dyed yarns. Its products are used in the weaving of fabrics to manufacture suiting, shirting, dress materials, saris, hosieries, knitted fabrics, zipper fasteners, curtains, and industrial cloth products, as well as to manufacture fancy yarns for dress materials and upholstery. The company also exports its products to Argentina, Israel, Morocco, Brazil, Jordan, Peru, Canada, Kenya, Thailand, Egypt, Mexico, Turkey, Bangladesh, Belgium, Sri Lanka, Indonesia, Vietnam, Colombia, Venezuela, Ethiopia, and Poland. Shekhawati Poly-Yarn Limited was incorporated in 1990 and is based in Mumbai, India.

Details
Name: Shekhawati Poly-Yarn Limited
SPYL
Exchange: NSEI
Founded: 1990
₹75,834,000
344,700,000
Website: http://www.shekhawatiyarn.com
Address: Shekhawati Poly-Yarn Limited
Express Zone, 'A' Wing,
Unit No. 1102/1103, 11th Floor,
Mumbai,
Maharashtra, 400097,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 533301 Equity Shares Mumbai Stock Exchange IN INR 12. Jan 2011
NSEI SPYL Equity Shares National Stock Exchange of India IN INR 12. Jan 2011
Number of employees
Current staff
Staff numbers
381
Shekhawati Poly-Yarn employees.
Industry
Textiles
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/19 13:20
End of day share price update: 2019/02/19 00:00
Last earnings filing: 2019/02/08
Last earnings reported: 2018/12/31
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.