NSEI:SPYL

Stock Analysis Report

Executive Summary

Shekhawati Poly-Yarn Limited manufactures and sells polyester texturized yarns and twisted yarns in India.


Snowflake Analysis

Imperfect balance sheet with weak fundamentals.

Share Price & News

How has Shekhawati Poly-Yarn's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

SPYL

-2.4%

IN Luxury

-3.0%

IN Market


1 Year Return

-42.9%

SPYL

-26.9%

IN Luxury

-29.2%

IN Market

Return vs Industry: SPYL underperformed the Indian Luxury industry which returned -26.9% over the past year.

Return vs Market: SPYL underperformed the Indian Market which returned -29.2% over the past year.


Shareholder returns

SPYLIndustryMarket
7 Day0%-2.4%-3.0%
30 Day-33.3%-28.4%-26.9%
90 Day-42.9%-25.6%-28.5%
1 Year-42.9%-42.9%-26.2%-26.9%-27.7%-29.2%
3 Year-55.6%-55.6%0.8%-1.6%-15.2%-19.9%
5 Year-76.5%-76.5%43.7%38.6%-3.1%-8.1%

Price Volatility Vs. Market

How volatile is Shekhawati Poly-Yarn's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Shekhawati Poly-Yarn undervalued compared to its fair value and its price relative to the market?


Share Price vs. Fair Value

Below Fair Value: SPYL (₹0.2) is trading above our estimate of fair value (₹0.04)

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


Price To Earnings Ratio

PE vs Industry: SPYL is unprofitable, so we can't compare its PE Ratio to the Luxury industry average.

PE vs Market: SPYL is unprofitable, so we can't compare its PE Ratio to the Indian market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: SPYL has negative assets, so we can't compare its PB Ratio to the IN Luxury industry average.


Next Steps

Future Growth

How is Shekhawati Poly-Yarn forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.9%

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 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 SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Shekhawati Poly-Yarn performed over the past 5 years?

17.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SPYL is currently unprofitable.

Growing Profit Margin: SPYL is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SPYL is unprofitable, but has reduced losses over the past 5 years at a rate of 17.1% per year.

Accelerating Growth: Unable to compare SPYL's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: SPYL is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (6.4%).


Return on Equity

High ROE: SPYL's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is Shekhawati Poly-Yarn's financial position?


Financial Position Analysis

Short Term Liabilities: SPYL has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: SPYL has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: SPYL has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: SPYL's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet

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

Debt Coverage by Assets: SPYL has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.


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.

Stable Cash Runway: Whilst unprofitable SPYL has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: SPYL is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 35.4% per year.


Next Steps

Dividend

What is Shekhawati Poly-Yarn's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: SPYL is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SPYL'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?

7.4yrs

Average management tenure


CEO

Mukesh Ruia (47yo)

10s

Tenure

₹1,750,000

Compensation

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 ...


CEO Compensation Analysis

Compensation vs Market: Mukesh's total compensation ($USD23.22K) is below average for companies of similar size in the Indian market ($USD48.50K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Mukesh Ruia
Chairman & MD10yrs₹1.75m32.2% 28.9m
Suresh Gattaini
Chief Financial Officer4.42yrs₹1.70m0.0076% 6.8k
Meena Agal
Company Secretary & Compliance Officer7.42yrs₹703.00kno data
Ravi Jogi
Whole-Time Director6.58yrs₹450.00k0.00029% 259.9
Kamlesh Sharma
Marketing Managerno datano datano data
Anmol Patil
Human Resource Officerno datano datano data

7.4yrs

Average Tenure

47yo

Average Age

Experienced Management: SPYL's management team is seasoned and experienced (7.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Mukesh Ruia
Chairman & MD10yrs₹1.75m32.2% 28.9m
Ravi Jogi
Whole-Time Director6.58yrs₹450.00k0.00029% 259.9
Sushil Poddar
Additional Independent Director0.58yr₹40.00kno data
Vikas Rathi
Independent Director0.92yrno datano data

3.8yrs

Average Tenure

49yo

Average Age

Experienced Board: SPYL's board of directors are considered experienced (3.8 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.


Top Shareholders

Company Information

Shekhawati Poly-Yarn Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Shekhawati Poly-Yarn Limited
  • Ticker: SPYL
  • Exchange: NSEI
  • Founded: 1990
  • Industry: Textiles
  • Sector: Consumer Durables
  • Market Cap: ₹89.622m
  • Shares outstanding: 344.70m
  • Website: https://www.shekhawatiyarn.com

Number of Employees


Location

  • Shekhawati Poly-Yarn Limited
  • Express Zone, 'A' Wing
  • Unit No. 1102/1103, 11th Floor
  • Mumbai
  • Maharashtra
  • 400097
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SPYLNSEI (National Stock Exchange of India)YesEquity SharesININRJan 2011
533301BSE (Mumbai Stock Exchange)YesEquity SharesININRJan 2011

Biography

Shekhawati Poly-Yarn Limited manufactures and sells polyester texturized yarns and twisted yarns 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. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/28 13:05
End of Day Share Price2020/03/27 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.