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

Fundamental Analysis of SPL Industries Ltd

About the Company - SPL Industries Ltd

SPL Industries Ltd. is a Public Limited Listed company incorporated on 06/12/1991 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L74899DL1991PLC062744 and registration number is 062744. Currently Company is involved in the business activities of Wholesale of textiles, fabrics, yarn, household linen, articles of clothing, floor coverings and tapestry, sports clothes. Company’s Total Operating Revenue is Rs. 197.87 Cr. and Equity Capital is Rs. 29.00 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Textiles - Readymade ApparelsOffice No.202, IInd Floor, Vikramaditya Tower, New Delhi Delhi 110019administrator@spllimited.com
http://www.spllimited.com
Management
NamePosition Held
Mr. Mukesh Kumar AggarwalManaging Director
Mr. Vijay Kumar JindalWhole Time Director
Mr. Sudeeta Ranjan RoutIndependent Director
Mr. Varun BansalIndependent Director
Mr. Vikash JalanIndependent Director
Mrs. Shashi AgarwalDirector

SPL Industries Ltd. Share Price Update

Share PriceValue
Today₹69.05
Previous Day₹68.43

Basic Stock Data of SPL Industries Ltd

Market Cap 197 Cr.
Current Price 68.0
High / Low80.8/53.3
Stock P/E17.1
Book Value 66.6
Dividend Yield0.00 %
ROCE18.7 %
ROE13.6 %
Face Value 10.0

Data Source: screener.in

Competitors of SPL Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
VIP Clothing Ltd 345 Cr. 41.759.8/37.4 18.00.00 %4.92 %1.35 % 2.00
Page Industries Ltd 39,617 Cr. 35,53143,599/33,96573.5 1,3720.70 %53.8 %46.4 % 10.0
Monte Carlo Fashions Ltd 1,322 Cr. 638918/53013.2 3563.14 %20.4 %18.1 % 10.0
Swan Energy Ltd 22,909 Cr. 731783/19382.6 95.80.01 %2.19 %3.53 % 1.00
SKS Textiles Ltd 4.25 Cr. 13.017.4/13.0 1670.00 %42.6 %% 10.0
Industry Average12,839.45 Cr7,390.9433.86401.760.77%24.78%13.88%6.60

SPL Industries Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales34.7925.8926.6226.0441.0454.1176.6783.4685.3360.7055.1857.5841.82
Expenses28.7922.2923.8322.5636.2747.6669.5977.4077.3855.5050.2653.6340.19
Operating Profit6.003.602.793.484.776.457.086.067.955.204.923.951.63
OPM %17.25%13.90%10.48%13.36%11.62%11.92%9.23%7.26%9.32%8.57%8.92%6.86%3.90%
Other Income1.391.841.371.742.282.203.824.534.122.591.592.462.86
Interest0.170.220.190.170.150.220.210.190.210.321.401.040.57
Depreciation0.710.700.660.570.610.590.630.610.640.710.820.730.76
Profit before tax6.514.523.314.486.297.8410.069.7911.226.764.294.643.16
Tax %26.42%23.89%19.03%29.24%18.12%26.53%30.22%27.99%24.24%27.66%20.98%28.02%26.90%
Net Profit4.793.432.683.165.155.767.027.058.494.903.393.342.31
EPS in Rs1.651.180.921.091.781.992.422.432.931.691.171.150.80

SPL Industries Ltd Quarterly Chart

SPL Industries Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales60404660148151173157177110198285215
Expenses11549395513614816612715094176261200
Operating Profit-55-10741227302716222416
OPM %-91%-24%15%7%8%2%4%19%15%15%11%8%7%
Other Income30-3-00154285101310
Interest11500132111123
Depreciation5434334433233
Profit before tax-41-2231915273018293219
Tax %7%-1%10%0%0%0%0%0%-3%24%26%26%
Net Profit-38-2231915273114212414
EPS in Rs-13.09-7.700.940.183.040.501.869.3710.784.677.278.224.81
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

SPL Industries Ltd Profit & Loss Yearly Chart

SPL Industries Ltd Growth

Compounded Sales Growth
10 Years:22%
5 Years:11%
3 Years:17%
TTM:-39%
Compounded Profit Growth
10 Years:13%
5 Years:36%
3 Years:-9%
TTM:-58%
Stock Price CAGR
10 Years:27%
5 Years:7%
3 Years:22%
1 Year:12%
Return on Equity
10 Years:14%
5 Years:18%
3 Years:13%
Last Year:14%

SPL Industries Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital29292929292929292929292929
Reserves4522252635364169100113134158164
Borrowings65405181522445110
Other Liabilities25159171744272210542118
Total Liabilities16470637799123100122142152210209201
Fixed Assets119565249475255524946474950
CWIP000002110031110
Investments0000000000104665
Other Assets45141129526945709310515110475
Total Assets16470637799123100122142152210209201

SPL Industries Ltd Reserves and Borrowings Chart

SPL Industries Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 1153-4-91916162830814
Cash from Investing Activity 1961-0-0-2-14-0-14-28-29-4-26
Cash from Financing Activity -31-66-3512-6-14-10-0-05
Net Cash Flow-10-111-111014-7

SPL Industries Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days62819967780639065389038
Inventory Days6016484744710371371076
Days Payable8816510615140189837925121059
Cash Conversion Cycle347-31984-6-13254836-735
Working Capital Days106-2115638040206161394240
ROCE %-31%-12%7%1%14%5%9%33%27%14%19%19%

SPL Industries Ltd Financial Efficiency Indicators Chart

SPL Industries Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters68.93%68.93%68.93%68.93%68.93%68.93%68.93%68.93%68.93%68.93%68.93%68.93%
FIIs0.00%0.00%0.29%0.28%0.29%0.28%0.34%0.35%0.28%0.28%0.25%0.22%
DIIs0.01%0.01%0.01%0.02%0.01%0.02%0.00%0.00%0.00%0.00%0.00%0.00%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.32%0.32%0.32%0.32%0.32%0.32%
Public31.05%31.05%30.77%30.77%30.76%30.77%30.40%30.40%30.46%30.46%30.51%30.53%
No. of Shareholders10,68213,52413,20613,17613,69913,68416,14315,61815,47015,47015,38516,152

SPL Industries Ltd Shareholding Pattern Chart

No. of SPL Industries Ltd Shareholders

This stock is not held by any mutual fund

SPL Industries Ltd ROCE Trend

SPL Industries Ltd EPS Trend

SPL Industries Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)8.227.274.6710.789.37
Diluted EPS (Rs.)8.227.274.6710.789.37
Cash EPS (Rs.)9.188.105.6311.8710.69
Book Value[Excl.RevalReserv]/Share (Rs.)55.8747.5540.2635.5524.71
Book Value[Incl.RevalReserv]/Share (Rs.)64.6456.3749.1344.4533.66
Revenue From Operations / Share (Rs.)98.1668.2337.9661.6754.05
PBDIT / Share (Rs.)13.0410.977.3811.9811.02
PBIT / Share (Rs.)12.0810.146.4310.899.69
PBT / Share (Rs.)11.359.886.1910.449.37
Net Profit / Share (Rs.)8.227.274.6710.789.37
PBDIT Margin (%)13.2816.0719.4519.4220.38
PBIT Margin (%)12.3014.8616.9317.6617.93
PBT Margin (%)11.5614.4816.2916.9217.33
Net Profit Margin (%)8.3710.6512.3117.4817.33
Return on Networth / Equity (%)14.7115.2811.6030.3337.91
Return on Capital Employeed (%)18.6217.9013.0124.3928.66
Return On Assets (%)11.3910.038.9221.9422.20
Total Debt / Equity (X)0.060.030.030.030.03
Asset Turnover Ratio (%)1.361.090.741.351.41
Current Ratio (X)3.692.9411.446.512.65
Quick Ratio (X)3.532.8811.246.332.52
Inventory Turnover Ratio (X)3.245.283.855.445.98
Interest Coverage Ratio (X)17.8242.3430.5926.3733.81
Interest Coverage Ratio (Post Tax) (X)12.6429.0620.3524.7429.75
Enterprise Value (Cr.)143.15132.1018.4821.80121.74
EV / Net Operating Revenue (X)0.500.660.160.120.77
EV / EBITDA (X)3.784.150.860.623.81
MarketCap / Net Operating Revenue (X)0.590.950.870.350.86
Price / BV (X)1.041.370.820.611.89
Price / Net Operating Revenue (X)0.590.950.870.350.86
EarningsYield0.140.110.140.490.20

SPL Industries Ltd Profitability Ratios (%)

SPL Industries Ltd Liquidity Ratios

SPL Industries Ltd Liquidity Ratios (%)

SPL Industries Ltd Interest Coverage Ratios (X)

SPL Industries Ltd Valuation Ratios

Fair Value / Intrinsic Value of SPL Industries Ltd

Fair Value: ₹157.98

The stock is undervalued by 132.33% compared to the current price ₹68

*Investments are subject to market risks

Strength and Weakness of SPL Industries Ltd

StrengthWeakness
  1. The company has higher reserves (74.46 cr) compared to borrowings (10.38 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (140.00 cr) and profit (8.54 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 9.85 and average Dividend Yield of 15.32%.
  2. The stock has a low average ROCE of 8.75%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 45.50, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 21.58, which may not be favorable.

Should I Buy SPL Industries Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in SPL Industries Ltd:
    1. Net Profit Margin: 8.37%
      • 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: 18.62% (Industry Average ROCE: 21.32%)
      • 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): 12.64
      • 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: 3.53
      • 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: 16.8 (Industry average Stock P/E: 12.28)
      • 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: 0.06
      • 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 SPL Industries 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