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Last Updated on: 28 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Shiva Mills Ltd

About the Company - Shiva Mills Ltd

Shiva Mills Ltd. is a Public Limited Listed company incorporated on 24/11/2015 and has its registered office in the State of Tamil Nadu, India. Company’s Corporate Identification Number(CIN) is L17111TZ2015PLC022007 and registration number is 022007. Currently Company is involved in the business activities of Preparation and spinning of cotton fiber including blended* cotton. Company’s Total Operating Revenue is Rs. 212.94 Cr. and Equity Capital is Rs. 8.64 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Textiles - General249-A, Bye-Pass Road, Coimbatore Tamil Nadu 641043shares@shivamills.com
http://www.shivamills.com
Management
NamePosition Held
Mr. S V AlagappanChairman & Managing Director
Mrs. A LalithaJoint Managing Director
Mr. S PalaniswamiIndependent Director
Mr. C SivasamyIndependent Director
Mr. S MarusamyIndependent Director
Mr. S K SundararamanNon Independent Director
Mr. M GaneshkumarIndependent Director

Shiva Mills Ltd. Share Price Update

Share PriceValue
Today₹99.95
Previous Day₹106.05

Basic Stock Data of Shiva Mills Ltd

Market Cap 82.0 Cr.
Current Price 94.9
High / Low116/60.6
Stock P/E
Book Value 113
Dividend Yield0.00 %
ROCE6.00 %
ROE6.85 %
Face Value 10.0

Data Source: screener.in

Competitors of Shiva Mills Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
STL Global Ltd 48.7 Cr. 17.722.7/11.1 10.10.00 %1.78 %0.75 % 10.0
TCNS Clothing Co. Ltd 2,423 Cr. 383542/341 72.00.00 %1.72 %3.17 % 2.00
Morarjee Textiles Ltd 93.2 Cr. 25.632.8/16.0 94.60.00 %21.8 %% 7.00
GTN Textiles Ltd 15.7 Cr. 13.515.0/10.04.48 16.70.00 %1.85 %48.6 % 10.0
CIL Nova Petrochemicals Ltd 89.3 Cr. 33.039.5/15.1 31.70.00 %1.41 %1.62 % 10.0
Industry Average533.98 Cr94.560.9045.020.00%5.71%10.83%7.80

Shiva Mills Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales45.6447.3436.2153.6758.7564.3244.7944.8031.9538.1233.0442.1235.44
Expenses37.0137.9829.4745.7951.8555.3638.0747.9536.2638.5633.6741.3234.87
Operating Profit8.639.366.747.886.908.966.72-3.15-4.31-0.44-0.630.800.57
OPM %18.91%19.77%18.61%14.68%11.74%13.93%15.00%-7.03%-13.49%-1.15%-1.91%1.90%1.61%
Other Income0.110.060.130.150.160.250.160.160.200.190.220.160.08
Interest0.410.260.230.150.230.340.610.140.150.050.040.280.13
Depreciation1.381.541.381.401.421.511.421.431.651.551.631.701.70
Profit before tax6.957.625.266.485.417.364.85-4.56-5.91-1.85-2.08-1.02-1.18
Tax %20.72%33.33%26.81%26.70%26.06%31.25%27.22%27.41%7.28%-2.16%10.10%11.76%22.03%
Net Profit5.515.093.864.754.005.063.52-3.31-5.47-1.90-1.88-0.90-0.92
EPS in Rs6.385.894.475.504.635.864.07-3.83-6.33-2.20-2.18-1.04-1.06

Shiva Mills Ltd Quarterly Chart

Shiva Mills Ltd Profit & Loss

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales0170169175164139213159145
Expenses0148153156152119183161150
Operating Profit0211620122030-2-5
OPM %13%10%11%7%15%14%-1%-3%
Other Income001100111
Interest066863111
Depreciation055556667
Profit before tax0106821224-7-11
Tax %57%35%13%24%30%28%4%
Net Profit04471918-7-10
EPS in Rs4.487.641.329.8920.44-8.29-11.75
Dividend Payout %0%31%18%0%10%6%0%

Shiva Mills Ltd Profit & Loss Yearly Chart

Shiva Mills Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:-1%
3 Years:-1%
TTM:-20%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-2700%
Stock Price CAGR
10 Years:%
5 Years:13%
3 Years:31%
1 Year:13%
Return on Equity
10 Years:%
5 Years:6%
3 Years:7%
Last Year:-7%

Shiva Mills Ltd Balance Sheet

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital009999999
Reserves07569747482999189
Borrowings0675754404807
Other Liabilities02424191820161613
Total Liabilities0167159155141115132116117
Fixed Assets08381807670666566
CWIP000000030
Investments000000011
Other Assets08478756544664750
Total Assets0167159155141115132116117

Shiva Mills Ltd Reserves and Borrowings Chart

Shiva Mills Ltd Cash Flow

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 0719181643-327
Cash from Investing Activity 0-6-5-3-1-0-1-8
Cash from Financing Activity 02-18-12-20-392-10
Net Cash Flow03-33-43-29

Shiva Mills Ltd Financial Efficiency Indicators

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days44435659282633
Inventory Days15414412310510811643
Days Payable3348232229614
Cash Conversion Cycle16513915614110713662
Working Capital Days107113109104598549
ROCE %23%9%11%6%14%24%-6%

Shiva Mills Ltd Financial Efficiency Indicators Chart

Shiva Mills Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters74.94%74.94%74.94%74.94%74.94%74.94%74.93%74.93%74.93%74.93%74.93%74.93%
FIIs0.00%0.00%0.00%0.31%0.78%0.41%0.42%0.39%0.36%0.36%0.36%0.36%
DIIs0.01%0.01%0.01%0.00%0.00%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Public25.06%25.06%25.06%24.75%24.28%24.65%24.63%24.66%24.70%24.70%24.71%24.70%
No. of Shareholders7,1777,4817,9808,6309,8379,97310,68110,70210,46110,30410,07210,259

Shiva Mills Ltd Shareholding Pattern Chart

No. of Shiva Mills Ltd Shareholders

This stock is not held by any mutual fund

Shiva Mills Ltd ROCE Trend

Shiva Mills Ltd EPS Trend

Shiva Mills Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-8.2820.439.901.327.64
Diluted EPS (Rs.)-8.2820.439.901.327.64
Cash EPS (Rs.)-1.2827.0416.477.5813.66
Book Value[Excl.RevalReserv]/Share (Rs.)115.55124.65104.9995.2795.57
Book Value[Incl.RevalReserv]/Share (Rs.)115.55124.65104.9995.2795.57
Dividend / Share (Rs.)0.001.201.000.001.40
Revenue From Operations / Share (Rs.)184.06246.41160.80190.02202.90
PBDIT / Share (Rs.)-0.5436.0623.6514.5823.51
PBIT / Share (Rs.)-7.5429.4517.078.3217.49
PBT / Share (Rs.)-8.6528.3614.141.758.79
Net Profit / Share (Rs.)-8.2820.439.901.327.64
PBDIT Margin (%)-0.2914.6314.707.6711.58
PBIT Margin (%)-4.0911.9510.614.378.61
PBT Margin (%)-4.6911.508.790.914.33
Net Profit Margin (%)-4.508.296.150.693.76
Return on Networth / Equity (%)-7.1616.399.421.387.99
Return on Capital Employeed (%)-6.3522.9515.508.1716.79
Return On Assets (%)-6.1813.367.450.814.26
Long Term Debt / Equity (X)0.000.000.010.020.03
Total Debt / Equity (X)0.000.070.020.470.62
Asset Turnover Ratio (%)1.281.731.091.111.12
Current Ratio (X)3.463.062.201.191.13
Quick Ratio (X)2.290.960.820.540.53
Inventory Turnover Ratio (X)4.343.992.873.002.86
Dividend Payout Ratio (NP) (%)-14.484.890.00105.840.00
Dividend Payout Ratio (CP) (%)-93.763.690.0018.460.00
Earning Retention Ratio (%)114.4895.110.00-5.840.00
Cash Earning Retention Ratio (%)193.7696.310.0081.540.00
Interest Coverage Ratio (X)-0.4933.028.062.222.70
Interest Coverage Ratio (Post Tax) (X)-6.5219.724.371.201.88
Enterprise Value (Cr.)47.9094.4134.5860.0491.18
EV / Net Operating Revenue (X)0.300.440.240.360.52
EV / EBITDA (X)-102.203.031.694.774.49
MarketCap / Net Operating Revenue (X)0.370.410.250.120.25
Retention Ratios (%)114.4895.100.00-5.840.00
Price / BV (X)0.590.820.390.250.53
Price / Net Operating Revenue (X)0.370.410.250.120.25
EarningsYield-0.120.190.230.050.14

Shiva Mills Ltd Profitability Ratios (%)

Shiva Mills Ltd Liquidity Ratios

Shiva Mills Ltd Liquidity Ratios (%)

Shiva Mills Ltd Interest Coverage Ratios (X)

Shiva Mills Ltd Valuation Ratios

Fair Value / Intrinsic Value of Shiva Mills Ltd

Fair Value: ₹118.43

The stock is undervalued by 24.79% compared to the current price ₹94.9

*Investments are subject to market risks

Strength and Weakness of Shiva Mills Ltd

StrengthWeakness
  1. The company has higher reserves (72.56 cr) compared to borrowings (26.33 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (148.22 cr) and profit (4.89 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 19.45 and average Dividend Yield of 6.29%.
  2. The stock has a low average ROCE of 10.13%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 78.25, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 113.25, which may not be favorable.

Should I Buy Shiva Mills Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Shiva Mills Ltd:
    1. Net Profit Margin: -4.50%
      • 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: -6.35% (Industry Average ROCE: 5.71%)
      • 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): -6.52
      • 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: 2.29
      • 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: 0.9)
      • 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: 0.00
      • 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 Shiva Mills 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