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Last Updated on: 21 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of SEL Manufacturing Company Ltd

Basic Stock Data

Last Updated: June 20, 2024, 10:27 pm

Market Cap 214 Cr.
Current Price 64.8
High / Low146/59.3
Stock P/E
Book Value 17.0
Dividend Yield0.00 %
ROCE14.8 %
ROE444 %
Face Value 10.0
PEG Ratio0.00

Competitors of SEL Manufacturing Company Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Shiva Mills Ltd 80.8 Cr. 92.8119/67.0 1110.00 %3.07 %3.32 % 10.0
Laxmi Cotspin Ltd 56.5 Cr. 32.938.8/18.597.4 36.70.00 %3.66 %1.05 % 10.0
Jindal Worldwide Ltd 7,395 Cr. 369440/26897.8 35.90.05 %9.83 %11.0 % 1.00
Anand Rayons Ltd 67.8 Cr. 45.265.0/33.021.7 24.20.00 %11.0 %9.02 % 10.0
Century Textiles & Industries Ltd 25,249 Cr. 2,2602,397/79099.0 3560.22 %8.30 %6.49 % 10.0
Industry Average2,531.99 Cr260.4262.1072.290.13%8.93%9.77%7.47

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales328010711711611866143228238961228
Expenses12087113114112138821542522621171832
Operating Profit-89-7-633-20-17-11-23-24-21-6-4
OPM %-280%-9%-5%3%3%-17%-26%-8%-10%-10%-22%-52%-14%
Other Income2,71112167242-21-2171
Interest177781110111215151515
Depreciation-1282626252725252524242423
Profit before tax2,622-42-37-28-24-51-28-45-62-62-62-28-42
Tax %0%0%0%0%0%0%0%0%0%0%0%0%0%
Net Profit2,622-42-37-28-24-51-28-45-62-62-62-28-42
EPS in Rs791.38-12.54-11.24-8.54-7.30-15.35-8.40-13.64-18.72-18.68-18.58-8.43-12.53

Last Updated: June 10, 2024, 5:50 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: May 27, 2024, 6:03 am

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%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)67.07%-314.60%49.32%-148.32%-54.86%-341.19%85.28%-57.80%527.09%-105.23%-41.98%
Change in YoY Net Profit Growth (%)0.00%-381.67%363.92%-197.64%93.46%-286.32%426.47%-143.08%584.88%-632.31%63.24%

Growth

Compounded Sales Growth
10 Years:-20%
5 Years:-9%
3 Years:25%
TTM:-32%
Compounded Profit Growth
10 Years:%
5 Years:-17%
3 Years:6%
TTM:3%
Stock Price CAGR
10 Years:29%
5 Years:136%
3 Years:%
1 Year:-58%
Return on Equity
10 Years:%
5 Years:%
3 Years:-93%
Last Year:-444%

Last Updated: June 16, 2024, 4:55 pm

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

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

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow283.00521.00360.00258.00268.00-660.00-328.00-104.00-122.00-142.00-6.00-71.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

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%

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

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-58.23-56.11-39.6279.18-17.73
Diluted EPS (Rs.)-58.23-56.11-39.6279.18-17.73
Cash EPS (Rs.)-29.51-25.45-7.73789.00-13.35
Book Value[Excl.RevalReserv]/Share (Rs.)-17.0244.7979.60125.61-101.41
Book Value[Incl.RevalReserv]/Share (Rs.)-17.0244.7979.60125.61-101.41
Revenue From Operations / Share (Rs.)112.96167.31126.8057.4610.64
PBDIT / Share (Rs.)-14.98-15.510.20-42.080.68
PBIT / Share (Rs.)-43.70-46.17-31.68-74.44-3.69
PBT / Share (Rs.)-58.23-56.11-39.62756.64-17.73
Net Profit / Share (Rs.)-58.23-56.11-39.62756.64-17.73
NP After MI And SOA / Share (Rs.)-58.23-56.11-39.62756.69-17.73
PBDIT Margin (%)-13.26-9.260.16-73.236.46
PBIT Margin (%)-38.68-27.59-24.98-129.56-34.67
PBT Margin (%)-51.55-33.53-31.241316.85-166.57
Net Profit Margin (%)-51.55-33.53-31.241316.85-166.57
NP After MI And SOA Margin (%)-51.55-33.53-31.241316.95-166.57
Return on Networth / Equity (%)0.00-125.16-49.75602.230.00
Return on Capital Employeed (%)-18.98-14.58-8.35-17.927.01
Return On Assets (%)-18.28-15.17-9.47168.00-21.21
Long Term Debt / Equity (X)-14.526.033.762.30-0.46
Total Debt / Equity (X)-16.676.273.852.30-0.98
Asset Turnover Ratio (%)0.320.420.290.080.11
Current Ratio (X)0.090.501.141.270.05
Quick Ratio (X)0.040.200.851.080.04
Inventory Turnover Ratio (X)8.5610.554.220.671.26
Interest Coverage Ratio (X)-0.83-1.190.02-78.848.67
Interest Coverage Ratio (Post Tax) (X)-2.43-3.54-3.55-139.47-46.47
Enterprise Value (Cr.)1166.361452.952493.25948.923380.83
EV / Net Operating Revenue (X)3.122.625.934.989.59
EV / EBITDA (X)-23.49-28.283656.33-6.81148.26
MarketCap / Net Operating Revenue (X)0.610.943.530.010.03
Price / BV (X)-4.083.535.630.010.00
Price / Net Operating Revenue (X)0.610.943.530.010.03
EarningsYield-0.83-0.35-0.08663.76-43.23

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 1,154.84

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 1,682.17% compared to the current price 64.8

Default values used*: Deafault value of 15 for Stock P/E is used

Intrinsic Value: 533.16

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 722.77% compared to the current price ₹64.8

Default values used*: Deafault value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: -53.83%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of 12.75, which is a positive sign.
  1. The stock has a low average ROCE of -3.08%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 175.33, which may not be favorable.
  3. The company has higher borrowings (16.42) compared to reserves (-505.42), which may suggest financial risk.
  4. The company has not shown consistent growth in sales (207.92) and profit (-244.62).

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in SEL Manufacturing Company Ltd:
    1. Net Profit Margin: -51.55%
      • 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: -18.98% (Industry Average ROCE: %)
      • 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. ROE%: 0.00% (Industry Average ROE: %)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): -2.43
      • 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.
    5. Quick Ratio: 0.04
      • 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.
    6. ✗ Stock P/E: (Industry average Stock P/E: )
      • 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.
    7. Total Debt / Equity: -16.67
      • 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 is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company

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

FAQ

What is the latest fair value of SEL Manufacturing Company Ltd?

The latest fair value of SEL Manufacturing Company Ltd is ₹1154.84.

What is the Market Cap of SEL Manufacturing Company Ltd?

The Market Cap of SEL Manufacturing Company Ltd is 214 Cr..

What is the current Stock Price of SEL Manufacturing Company Ltd as on 21 June 2024?

The current stock price of SEL Manufacturing Company Ltd as on 21 June 2024 is ₹64.8.

What is the High / Low of SEL Manufacturing Company Ltd stocks in FY 2024?

In FY 2024, the High / Low of SEL Manufacturing Company Ltd stocks is 146/59.3.

What is the Stock P/E of SEL Manufacturing Company Ltd?

The Stock P/E of SEL Manufacturing Company Ltd is .

What is the Book Value of SEL Manufacturing Company Ltd?

The Book Value of SEL Manufacturing Company Ltd is 17.0.

What is the Dividend Yield of SEL Manufacturing Company Ltd?

The Dividend Yield of SEL Manufacturing Company Ltd is 0.00 %.

What is the ROCE of SEL Manufacturing Company Ltd?

The ROCE of SEL Manufacturing Company Ltd is 14.8 %.

What is the ROE of SEL Manufacturing Company Ltd?

The ROE of SEL Manufacturing Company Ltd is 444 %.

What is the Face Value of SEL Manufacturing Company Ltd?

The Face Value of SEL Manufacturing Company Ltd is 10.0.

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