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Last Updated on: 04 March, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of SEL Manufacturing Company Ltd

About the Company - SEL Manufacturing Company Ltd

SEL Manufacturing Company Ltd. is a Public Limited Listed company incorporated on 08/05/2000 and has its registered office in the State of Punjab, India. Company’s Corporate Identification Number(CIN) is L51909PB2000PLC023679 and registration number is 023679. Currently company belongs to the Industry of Textiles - General. Company’s Total Operating Revenue is Rs. 420.13 Cr. and Equity Capital is Rs. 33.13 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Textiles - General274, Dhandari Khurd, G. T. Road, Ludhiana Punjab 141014cs@selindia.in
http://www.selindia.in
Management
NamePosition Held
Mr. Rajiv Kumar MaheshwaryChairman
Mr. Rajeev BhallaManaging Director
Mr. Naveen AroraWhole Time Director
Mr. Dinesh Kumar MehtaniDirector
Mr. Shashank RaiDirector
Mr. Ashwani Kumar KhannaDirector
Mrs. Nidhi AggarwalDirector
Mr. Anukool BhatnagarDirector

SEL Manufacturing Company Ltd. Share Price Update

Share PriceValue
Today₹85.39
Previous Day₹86.70

Basic Stock Data of SEL Manufacturing Company Ltd

Market Cap 285 Cr.
Current Price 86.0
High / Low220/72.5
Stock P/E
Book Value 4.91
Dividend Yield0.00 %
ROCE14.2 %
ROE102 %
Face Value 10.0

Data Source: screener.in

Competitors of SEL Manufacturing Company Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Century Textiles & Industries Ltd 16,162 Cr. 1,4471,599/597119 3370.34 %6.32 %4.65 % 10.0
Milton Industries Ltd 76.0 Cr. 44.848.4/19.437.6 25.80.00 %9.28 %6.89 % 10.0
STL Global Ltd 47.8 Cr. 17.422.7/11.6 10.10.00 %1.78 %0.75 % 10.0
Sutlej Textiles and Industries Ltd 1,077 Cr. 65.873.4/38.0 68.61.51 %7.72 %4.07 % 1.00
Advance Lifestyles Ltd 26.5 Cr. 42.664.8/22.5166 49.70.00 %0.04 %0.10 % 10.0
Industry Average3,477.86 Cr323.5264.5298.240.37%5.03%3.29%8.20

SEL Manufacturing Company Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales688132801071171161186614322823896
Expenses841061208711311411213882154252262117
Operating Profit-17-25-89-7-633-20-17-11-23-24-21
OPM %-25%-31%-280%-9%-5%3%3%-17%-26%-8%-10%-10%-22%
Other Income35122,71112167242-21-2
Interest0017778111011121515
Depreciation3736-128262625272525252424
Profit before tax-18-492,622-42-37-28-24-51-28-45-62-62-62
Tax %0%0%0%0%0%0%0%0%0%0%0%0%0%
Net Profit-18-492,622-42-37-28-24-51-28-45-62-62-62
EPS in Rs-0.56-1.49791.38-12.54-11.24-8.54-7.30-15.35-8.40-13.64-18.72-18.68-18.58

SEL Manufacturing Company Ltd Quarterly Chart

SEL Manufacturing Company Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales2,2183,7743,6282,8602,4622,0811,261603347189420554575
Expenses1,9343,2533,2682,5322,1942,7411,550665423331426626649
Operating Profit283521360328268-660-289-62-76-142-6-71-75
OPM %13%14%10%11%11%-32%-23%-10%-22%-75%-1%-13%-13%
Other Income109199-12515413299-1,565-157-3632,758103014
Interest18534643234249614711732304356
Depreciation8216326736737415814914614510710610296
Profit before tax126210-464-227-471-865-2,013-372-5872,507-131-186-213
Tax %35%35%37%34%21%34%-26%0%0%0%0%0%
Net Profit82137-294-149-370-573-2,528-372-5872,507-131-186-213
EPS in Rs7.444.16-8.88-4.51-11.17-17.28-76.28-11.24-17.73756.69-39.64-56.11-64.41
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

SEL Manufacturing Company Ltd Profit & Loss Yearly Chart

SEL Manufacturing Company Ltd Growth

Compounded Sales Growth
10 Years:-17%
5 Years:-15%
3 Years:17%
TTM:30%
Compounded Profit Growth
10 Years:%
5 Years:13%
3 Years:-32%
TTM:-35%
Stock Price CAGR
10 Years:40%
5 Years:138%
3 Years:275%
1 Year:-63%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:-103%

SEL Manufacturing Company Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital11133133133133133133133133133333333
Reserves9831,135871691315-212-2,718-3,094-3,692383231115-17
Preference Capital0007000394246000
Borrowings3,1894,2554,7935,5025,8285,6585,6505,6235,6009591,017932933
Other Liabilities417410592532575628471469528117105144180
Total Liabilities4,7006,1326,5877,0577,0496,4053,7343,3302,7681,4921,3851,2251,129
Fixed Assets1,5203,0913,0662,9252,5732,4872,3092,1552,0101,2811,1741,0731,025
CWIP77123248157459555355955943242424242
Investments7271974342424243422111
Other Assets2,3362,7382,9443,5153,8393,32382357328416716810961
Total Assets4,7006,1326,5877,0577,0496,4053,7343,3302,7681,4921,3851,2251,129

SEL Manufacturing Company Ltd Reserves and Borrowings Chart

SEL Manufacturing Company Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -26206706-492240517385534600-1,2263544
Cash from Investing Activity -1,237-970-629-63-19-1262-96994316
Cash from Financing Activity 1,243810-192633-264-547-456-523-609237-43-60
Net Cash Flow-2046-11477-44-41-81-34-40

SEL Manufacturing Company Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days11971109134170202613678121494
Inventory Days1731571272753851744015219373814544
Days Payable49734515132402515514209770
Cash Conversion Cycle24322220235850434362-64-28043997-22
Working Capital Days202167121278348220-251-967-2,6493736-36
ROCE %9%11%4%2%1%-12%-8%-4%-5%-13%-8%-14%

SEL Manufacturing Company Ltd Financial Efficiency Indicators Chart

SEL Manufacturing Company Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters75.27%75.27%75.27%75.27%75.16%75.16%75.16%75.16%75.00%75.00%75.00%75.00%
FIIs0.13%0.13%0.13%0.13%0.13%0.13%0.13%0.13%0.13%0.13%0.13%0.13%
DIIs24.03%24.03%24.03%23.56%23.53%23.53%23.53%23.53%23.18%21.73%21.32%19.55%
Public0.57%0.57%0.57%1.04%1.18%1.18%1.18%1.19%1.69%3.15%3.55%5.31%
No. of Shareholders16,75316,75316,75316,53017,14020,79420,36319,60719,82622,69122,50923,532

SEL Manufacturing Company Ltd Shareholding Pattern Chart

No. of SEL Manufacturing Company Ltd Shareholders

This stock is not held by any mutual fund

SEL Manufacturing Company Ltd ROCE Trend

SEL Manufacturing Company Ltd EPS Trend

SEL Manufacturing Company Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-56.11-39.6279.18-17.73-11.24
Diluted EPS (Rs.)-56.11-39.6279.18-17.73-11.24
Cash EPS (Rs.)-25.45-7.73789.00-13.35-6.83
Book Value[Excl.RevalReserv]/Share (Rs.)44.7979.60125.61-101.41-83.36
Book Value[Incl.RevalReserv]/Share (Rs.)44.7979.60125.61-101.41-83.36
Revenue From Operations / Share (Rs.)167.31126.8057.4610.6418.31
PBDIT / Share (Rs.)-15.510.20-42.080.680.89
PBIT / Share (Rs.)-46.17-31.68-74.44-3.69-3.52
PBT / Share (Rs.)-56.11-39.62756.64-17.73-11.24
Net Profit / Share (Rs.)-56.11-39.62756.64-17.73-11.24
NP After MI And SOA / Share (Rs.)-56.11-39.62756.69-17.73-11.24
PBDIT Margin (%)-9.260.16-73.236.464.86
PBIT Margin (%)-27.59-24.98-129.56-34.67-19.24
PBT Margin (%)-33.53-31.241316.85-166.57-61.38
Net Profit Margin (%)-33.53-31.241316.85-166.57-61.38
NP After MI And SOA Margin (%)-33.53-31.241316.95-166.57-61.39
Return on Networth / Equity (%)-125.16-49.75602.230.000.00
Return on Capital Employeed (%)-14.58-8.35-17.927.0120.65
Return On Assets (%)-15.17-9.47168.00-21.21-11.18
Long Term Debt / Equity (X)6.033.762.30-0.46-0.79
Total Debt / Equity (X)6.273.852.30-0.98-1.44
Asset Turnover Ratio (%)0.420.290.080.110.11
Current Ratio (X)0.501.141.270.050.13
Quick Ratio (X)0.200.851.080.040.11
Inventory Turnover Ratio (X)10.554.220.671.261.74
Interest Coverage Ratio (X)-1.190.02-78.848.674.31
Interest Coverage Ratio (Post Tax) (X)-3.54-3.55-139.47-46.47-17.07
Enterprise Value (Cr.)1452.952493.25948.923380.830.00
EV / Net Operating Revenue (X)2.625.934.989.590.00
EV / EBITDA (X)-28.283656.33-6.81148.260.00
MarketCap / Net Operating Revenue (X)0.943.530.010.030.00
Price / BV (X)3.535.630.010.000.00
Price / Net Operating Revenue (X)0.943.530.010.030.00
EarningsYield-0.35-0.08663.76-43.230.00

SEL Manufacturing Company Ltd Profitability Ratios (%)

SEL Manufacturing Company Ltd Liquidity Ratios

SEL Manufacturing Company Ltd Liquidity Ratios (%)

SEL Manufacturing Company Ltd Interest Coverage Ratios (X)

SEL Manufacturing Company Ltd Valuation Ratios

Fair Value / Intrinsic Value of SEL Manufacturing Company Ltd

Fair Value: ₹76.63

The stock is overvalued by 10.90% compared to the current price ₹86

*Investments are subject to market risks

Strength and Weakness of SEL Manufacturing Company Ltd

StrengthWeakness
  1. The stock has a low average Working Capital Days of 12.75, which is a positive sign.
  1. The stock is trading at a high valuation with an average P/B ratio of -31.90 and average Dividend Yield of -47.21%.
  2. The stock has a low average ROCE of -3.08%, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 175.33, which may not be favorable.
  4. The company has higher borrowings (15.15) compared to reserves (-385.31), which may suggest financial risk.
  5. The company has not shown consistent growth in sales (207.92) and profit (-244.62).

Should I Buy SEL Manufacturing Company Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in SEL Manufacturing Company Ltd:
    1. Net Profit Margin: -33.53%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: -14.58% (Industry Average ROCE: 3.69%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. Interest Coverage Ratio (Post Tax): -3.54
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    4. Quick Ratio: 0.20
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    5. ✓ Stock P/E of N/A (Industry average Stock P/E: 41.92)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    6. ✗ Total Debt / Equity: 6.27
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in SEL Manufacturing Company Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE