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Super Spinning Mills

NSEI:SUPERSPIN
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SUPERSPIN
NSEI
₹360M
Market Cap
  1. Home
  2. IN
  3. Consumer Durables
Company description

Super Spinning Mills Limited manufactures and sells cotton yarn for knitting and weaving in India. The last earnings update was 74 days ago. More info.


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SUPERSPIN Share Price and Events
7 Day Returns
-3.6%
NSEI:SUPERSPIN
-0.6%
IN Luxury
-1.9%
IN Market
1 Year Returns
-48.3%
NSEI:SUPERSPIN
-4%
IN Luxury
-2.8%
IN Market
SUPERSPIN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Super Spinning Mills (SUPERSPIN) -3.6% 8.9% -9.4% -48.3% -3.6% 19.5%
IN Luxury -0.6% 1.4% 8.8% -4% 47.5% 162.4%
IN Market -1.9% 1.2% 5.1% -2.8% 38.3% 71%
1 Year Return vs Industry and Market
  • SUPERSPIN underperformed the Luxury industry which returned -4% over the past year.
  • SUPERSPIN underperformed the Market in India which returned -2.8% over the past year.
Price Volatility
SUPERSPIN
Industry
5yr Volatility vs Market

SUPERSPIN Value

 Is Super Spinning Mills 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 Super Spinning Mills 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 Super Spinning Mills.

NSEI:SUPERSPIN 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 19.2%
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:SUPERSPIN
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))
= 0.73 (1 + (1- 35%) (168.04%))
1.353
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.35
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.353 * 8.6%)
19.19%

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

The calculations below outline how an intrinsic value for Super Spinning Mills 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:SUPERSPIN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 19.19%)
2019 269.17 Est @ 12.75% 225.84
2020 299.28 Est @ 11.19% 210.69
2021 329.50 Est @ 10.1% 194.62
2022 360.25 Est @ 9.33% 178.53
2023 391.94 Est @ 8.8% 162.97
2024 424.95 Est @ 8.42% 148.25
2025 459.63 Est @ 8.16% 134.54
2026 496.30 Est @ 7.98% 121.89
2027 535.26 Est @ 7.85% 110.30
2028 576.79 Est @ 7.76% 99.72
Present value of next 10 years cash flows ₹1,587.35
NSEI:SUPERSPIN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹576.79 × (1 + 7.55%) ÷ (19.19% – 7.55%)
₹5,331.52
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹5,331.52 ÷ (1 + 19.19%)10
₹921.77
NSEI:SUPERSPIN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹1,587.35 + ₹921.77
₹2,509.11
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹2,509.11 / 55.00
₹45.62
NSEI:SUPERSPIN Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:SUPERSPIN represents 1.02272x of BSE:521180
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.02272x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 45.62 x 1.02272
₹46.66
Value per share (INR) From above. ₹46.66
Current discount Discount to share price of ₹6.75
= -1 x (₹6.75 - ₹46.66) / ₹46.66
85.5%

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

Current Discount
Amount off the current price Super Spinning Mills is available for.
Intrinsic value
>50%
Share price is ₹6.75 vs Future cash flow value of ₹46.66
Current Discount Checks
For Super Spinning Mills to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Super Spinning Mills's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Super Spinning Mills'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 Super Spinning Mills's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Super Spinning Mills's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:SUPERSPIN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹-2.45
BSE:521180 Share Price ** BSE (2019-04-24) in INR ₹6.6
India Luxury Industry PE Ratio Median Figure of 240 Publicly-Listed Luxury Companies 12.23x
India Market PE Ratio Median Figure of 2,739 Publicly-Listed Companies 16.02x

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

** Primary Listing of Super Spinning Mills.

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

= BSE:521180 Share Price ÷ EPS (both in INR)

= 6.6 ÷ -2.45

-2.7x

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

  • Super Spinning Mills is loss making, we can't compare its value to the IN Luxury industry average.
  • Super Spinning Mills is loss making, we can't compare the value of its earnings to the India market.
Price based on expected Growth
Does Super Spinning Mills's expected growth come at a high price?
Raw Data
NSEI:SUPERSPIN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2.7x
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 1.48x
India Market PEG Ratio Median Figure of 586 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 Super Spinning Mills, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Super Spinning Mills's assets?
Raw Data
NSEI:SUPERSPIN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹25.34
BSE:521180 Share Price * BSE (2019-04-24) in INR ₹6.6
India Luxury Industry PB Ratio Median Figure of 311 Publicly-Listed Luxury Companies 0.75x
India Market PB Ratio Median Figure of 3,630 Publicly-Listed Companies 1.09x
NSEI:SUPERSPIN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:521180 Share Price ÷ Book Value per Share (both in INR)

= 6.6 ÷ 25.34

0.26x

* Primary Listing of Super Spinning Mills.

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

  • Super Spinning Mills is good value based on assets compared to the IN Luxury industry average.
X
Value checks
We assess Super Spinning Mills'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. Super Spinning Mills has a total score of 3/6, 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.

SUPERSPIN Future Performance

 How is Super Spinning Mills 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 Super Spinning Mills 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 Super Spinning Mills expected to grow at an attractive rate?
  • Unable to compare Super Spinning Mills's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Super Spinning Mills's earnings growth to the India market average as no estimate data is available.
  • Unable to compare Super Spinning Mills's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:SUPERSPIN 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:SUPERSPIN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months 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:SUPERSPIN Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 2,154 -135
2018-09-30 2,267 -202
2018-06-30 2,355 -226
2018-03-31 2,609 278 -216
2017-12-31 2,869 -167
2017-09-30 2,892 -148
2017-06-30 2,925 -139
2017-03-31 2,941 231 -130
2016-03-31 3,501 22 -55

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Super Spinning Mills is high growth as no earnings estimate data is available.
  • Unable to determine if Super Spinning Mills 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:SUPERSPIN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Super Spinning Mills Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:SUPERSPIN Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 -2.45
2018-09-30 -3.68
2018-06-30 -4.12
2018-03-31 -3.93
2017-12-31 -3.04
2017-09-30 -2.70
2017-06-30 -2.53
2017-03-31 -2.36
2016-03-31 -1.00

*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 Super Spinning Mills will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Super Spinning Mills is trading at Super Spinning Mills'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Super Spinning Mills'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. Super Spinning Mills'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 Super Spinning Mills'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.
Super Spinning Mills 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.

SUPERSPIN Past Performance

  How has Super Spinning Mills 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 Super Spinning Mills'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.
  • Super Spinning Mills does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Super Spinning Mills's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Super Spinning Mills's 1-year growth to the IN Luxury industry average as it is not currently profitable.
Earnings and Revenue History
Super Spinning Mills'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 Super Spinning Mills Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:SUPERSPIN 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 2,154.45 -134.70 332.60
2018-09-30 2,266.88 -202.17 320.70
2018-06-30 2,355.08 -226.38 334.70
2018-03-31 2,608.79 -215.90 353.27
2017-12-31 2,868.99 -166.67 367.89
2017-09-30 2,891.89 -148.27 384.09
2017-06-30 2,925.47 -139.16 396.94
2017-03-31 2,940.69 -129.71 399.41
2016-03-31 3,501.48 -54.83 484.42
2015-03-31 4,457.69 -132.71 540.63
2014-03-31 5,284.37 18.57 712.63 0.25
2013-03-31 4,434.68 61.82 606.33

*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 Super Spinning Mills has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Super Spinning Mills 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 Super Spinning Mills improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Super Spinning Mills'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.
Super Spinning Mills 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.

SUPERSPIN Health

 How is Super Spinning Mills'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 Super Spinning Mills's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Super Spinning Mills's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Super Spinning Mills's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Super Spinning Mills'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.
  • Debt is covered by short term assets, assets are 1.3x debt.
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 Super Spinning Mills Company Filings, last reported 3 months ago.

NSEI:SUPERSPIN Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,368.43 605.36 264.01
2018-09-30 1,368.43 605.36 264.01
2018-06-30 1,446.50 650.64 265.61
2018-03-31 1,446.50 732.44 15.82
2017-12-31 1,568.00 728.70 16.60
2017-09-30 1,568.00 728.70 16.60
2017-06-30
2017-03-31 1,662.40 878.10 14.71
2016-03-31 505.87 1,117.78 8.60
2015-03-31 560.69 1,253.16 14.81
2014-03-31 713.47 1,392.71 26.18
2013-03-31 694.90 1,324.28 25.41
  • Super Spinning Mills's level of debt (44.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (194.1% vs 44.2% today).
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 Super Spinning Mills has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Super Spinning Mills has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -70.3% per year.
X
Financial health checks
We assess Super Spinning Mills'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. Super Spinning Mills has a total score of 4/6, 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.

SUPERSPIN Dividends

 What is Super Spinning Mills'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 Super Spinning Mills dividends.
If you bought ₹2,000 of Super Spinning Mills 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 Super Spinning Mills's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Super Spinning Mills'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:SUPERSPIN 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 2%

Industry and Market average data is calculated daily.

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

NSEI:SUPERSPIN Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2010-05-31 0.000 0.000
2010-01-27 0.000 0.000
2009-10-30 0.000 0.000
2009-06-01 0.000 0.000

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

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

SUPERSPIN Management

 What is the CEO of Super Spinning Mills'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
Sumanth Ramamurthi
COMPENSATION ₹0
AGE 59
TENURE AS CEO 0.8 years
CEO Bio

Mr. Sumanth Ramamurthi, B.S., has been Managing Director of Super Spinning Mills Ltd. since June 1, 2018. Mr. Ramamurthi served as the Managing Director of Kakatiya Textiles Ltd. from May 30, 2011 to September 29, 2015 and served as its Chief Executive Officer until September 29, 2015 and its Acting Compliance Officer since May 8, 2015. He served as Managing Director at Super Spinning Mills Ltd. from April 1, 2011 to April 01, 2014 and served as its Chief Executive Officer until April 01, 2014. He has 47 years experience. He is an industrialist and has more than two decades of experience in Textiles and Engineering Industry. He served at Festo Elgi Pvt Ltd., Coimbatore. He has been Executive Chairman of Super Spinning Mills Ltd. since April 01, 2014 and has been its Executive Director since February 22, 1992. Mr. Ramamurthi serves as a Director also in Elgi Electric and Industries Ltd., Elgi Ultra Industries Ltd., Sara Elgi Insurance Advisory Services Pvt. Ltd., Elgi Software and Technologies Ltd., Super Farm Products Ltd., Elgi Building Products Ltd., Sara Elgi Industrial Research and Development Ltd. and Super Sara Textile Ltd. He has been Non-Executive Independent Director of Precot Meridian Limited since 1992. He served as a Director of Kakatiya Textiles Ltd. until September 29, 2015. Mr. Ramamurthi holds B.Sc. in Electrical Engineering from the University of Missouri, USA.

CEO Compensation
  • Insufficient data for Sumanth to compare compensation growth.
  • Sumanth's remuneration is lower than average for companies of similar size in India.
Management Team

Sumanth Ramamurthi

TITLE
MD & Executive Chairman
AGE
59
TENURE
0.8 yrs

N. Sreedhar

TITLE
Vice President of Operations
AGE
49

B. Reddy

TITLE
CFO & Company Secretary
TENURE
0.2 yrs

S. Dakshinamoorthy

TITLE
Senior Manager of Marketing
AGE
48

C. Rangaraj

TITLE
Senior Manager of Human Resource
AGE
47
Board of Directors Tenure

Average tenure and age of the Super Spinning Mills board of directors in years:

4.9
Average Tenure
59.5
Average Age
  • The tenure for the Super Spinning Mills board of directors is about average.
Board of Directors

Sumanth Ramamurthi

TITLE
MD & Executive Chairman
AGE
59
TENURE
5 yrs

C. S. Prabhu

TITLE
Independent Non Executive Director
COMPENSATION
₹124K
AGE
64
TENURE
16.3 yrs

B. Vijayakumar

TITLE
Independent Non Executive Director
COMPENSATION
₹56K
AGE
65
TENURE
35.3 yrs

Sudarsan Varadaraj

TITLE
Independent Non Executive Director
COMPENSATION
₹26K
AGE
60
TENURE
26.3 yrs

C. Kumar

TITLE
Independent Non Executive Director
COMPENSATION
₹100K
AGE
46
TENURE
4.8 yrs

Suguna Ravichandran

TITLE
Independent Non Executive Director
COMPENSATION
₹30K
AGE
60
TENURE
4.8 yrs

B. Narayana

TITLE
Independent Non Executive Director
COMPENSATION
₹100K
AGE
51
TENURE
1.8 yrs

A. Balasundharam

TITLE
Additional Non-Independent Director
COMPENSATION
₹40K
AGE
55
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 Super Spinning Mills'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. Super Spinning Mills 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.

SUPERSPIN News

Simply Wall St News

What Type Of Shareholder Owns Super Spinning Mills Limited's (NSE:SUPERSPIN)?

A look at the shareholders of Super Spinning Mills Limited (NSE:SUPERSPIN) can tell us which group is most powerful. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Super Spinning Mills is a smaller company with a market capitalization of ₹385m, so it may still be flying under the radar of many institutional investors.

Simply Wall St -

How Super Spinning Mills Limited (NSE:SUPERSPIN) Can Impact Your Portfolio Volatility

If you're interested in Super Spinning Mills Limited (NSE:SUPERSPIN), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … 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 can be a useful tool to understand how much a stock is influenced by market risk (volatility).

Simply Wall St -

Who Are The Major Shareholders In Super Spinning Mills Limited (NSE:SUPERSPIN)?

Today, I will be analyzing Super Spinning Mills Limited’s (NSE:SUPERSPIN) recent ownership structure, an important but not-so-popular subject among individual investors. … The impact of a company's ownership structure affects both its short- and long-term performance. … Therefore, it is beneficial for us to examine SUPERSPIN's ownership structure in more detail.

Simply Wall St -

Does Super Spinning Mills Limited (NSE:SUPERSPIN) Go Up With The Market?

The first type is company-specific risk, which can be diversified away by investing in other companies to reduce exposure to one particular stock. … The other type of risk, which cannot be diversified away, is market risk. … Every stock in the market is exposed to this risk, which arises from macroeconomic factors such as economic growth and geo-political tussles just to name a few.

Simply Wall St -

Does Super Spinning Mills Limited (NSE:SUPERSPIN) Fall With The Market?

SUPERSPIN’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. … SUPERSPIN, with its market capitalisation of ₹716.65M, is a small-cap stock, which generally have higher beta than similar companies of larger size. … As a result, this aspect of SUPERSPIN indicates a higher beta than a similar size company with a lower portion of fixed assets on their balance sheet.

Simply Wall St -

Should Super Spinning Mills Limited's (NSE:SUPERSPIN) Recent Earnings Decline Worry You?

For Super Spinning Mills, its most recent trailing-twelve-month earnings is -₹166.67M, which, relative to last year’s level, has become more negative. … NSEI:SUPERSPIN Income Statement May 1st 18 We can further assess Super Spinning Mills's loss by looking at what the industry has been experiencing over the past few years. … Each year, for the past five years Super Spinning Mills has seen an annual decline in revenue of -7.36%, on average.

Simply Wall St -

What You Must Know About Super Spinning Mills Limited's (NSE:SUPERSPIN) Financial Strength

How does SUPERSPIN’s operating cash flow stack up against its debt? … On top of this, SUPERSPIN has produced cash from operations of ₹224.05M over the same time period, resulting in an operating cash to total debt ratio of 25.51%, meaning that SUPERSPIN’s operating cash is sufficient to cover its debt. … Maintaining a high level of debt, while revenues are still below costs, can be dangerous as liquidity tends to dry up in unexpected downturns.Next Steps: Although SUPERSPIN’s debt level is towards the higher end of the spectrum, its cash flow coverage seems adequate to meet debt obligations which means its debt is being efficiently utilised.

Simply Wall St -

Is Super Spinning Mills Limited's (NSE:SUPERSPIN) CEO Being Overpaid?

During times of negative earnings, the company may be incurring a period of reinvestment and growth, or it can be a sign of some headwind. … Typically I'd use market cap and profit as factors determining performance, however, SUPERSPIN's negative earnings reduces the effectiveness of this method. … These issues directly impacts how SUPERSPIN makes money, and factors impacting your return on investment.

Simply Wall St -

Who Owns Super Spinning Mills Limited (NSE:SUPERSPIN)?

General Public Ownership A substantial ownership of 49.11% in SUPERSPIN is held by the general public. … With this size of ownership, retail investors can collectively play a role in major company policies that affect shareholders returns, including executive remuneration and the appointment of directors. … 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.What this means for you: Institutional ownership in SUPERSPIN is not at a level that would concern investors.

Simply Wall St -

Super Spinning Mills Limited (NSE:SUPERSPIN): Risks You Need To Consider Before Buying

Generally, an investor should consider two types of risk that impact the market value of SUPERSPIN. … View our latest analysis for Super Spinning Mills An interpretation of SUPERSPIN's beta Super Spinning Mills's beta of 0.91 indicates that the stock value will be less variable compared to the whole stock market. … SUPERSPIN'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.

Simply Wall St -

SUPERSPIN Company Info

Description

Super Spinning Mills Limited manufactures and sells cotton yarn for knitting and weaving in India. The company’s yarn products include single/TFO doubled, compact single and double, elitwist, gassed, ring, and open-end yarns, as well as specialty yarns. It also manufactures and sells UPVC windows and doors. In addition, the company exports its products. The company was founded in 1962 and is based in Coimbatore, India.

Details
Name: Super Spinning Mills Limited
SUPERSPIN
Exchange: NSEI
Founded: 1962
₹360,250,000
55,000,000
Website: http://www.superspinning.com
Address: Super Spinning Mills Limited
Elgi Towers,
Green Fields,
Coimbatore,
Tamil Nadu, 641045,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 521180 Equity Shares Mumbai Stock Exchange IN INR 06. Jan 2004
NSEI SUPERSPIN Equity Shares National Stock Exchange of India IN INR 06. Jan 2004
Number of employees
Current staff
Staff numbers
595
Super Spinning Mills employees.
Industry
Textiles
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/24 12:49
End of day share price update: 2019/04/24 00:00
Last earnings filing: 2019/02/09
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.