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

Fundamental Analysis of Sumeet Industries Ltd

About the Company - Sumeet Industries Ltd

Sumeet Industries Ltd. is a Public Limited Listed company incorporated on 01/08/1988 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L45200GJ1988PLC011049 and registration number is 011049. Currently Company is involved in the business activities of Manufacture of man-made fibres. Company’s Total Operating Revenue is Rs. 893.50 Cr. and Equity Capital is Rs. 103.64 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Textiles - Manmade Fibre - PPFY504, Trividh Chamber, Opp. Fire Station, Surat Gujarat 395002corporate@sumeetindustries.com
http://www.sumeetindustries.com
Management
NamePosition Held
Mr. Shankarlal SomaniChairman
Mr. Sumeet Kumar SomaniManaging Director
Mr. Manoj Kumar JainNon Executive Director
Mr. Vikashkumar ChandaliyaNon Executive Director
Ms. Zeel Sureshkumar ModiNon Executive Director
Mr. Saurav Santosh DugarNon Executive Director

Sumeet Industries Ltd. Share Price Update

Share PriceValue
Today₹4.68
Previous Day₹4.92

Basic Stock Data of Sumeet Industries Ltd

Market Cap 38.4 Cr.
Current Price 3.70
High / Low5.30/1.98
Stock P/E
Book Value 15.2
Dividend Yield0.00 %
ROCE13.0 %
ROE%
Face Value 10.0

Data Source: screener.in

Competitors of Sumeet Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Industry Average0 Cr0000%0%0%0

Sumeet Industries Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales108182232183223204283296236265237245242
Expenses113169214170207197286288261287236255255
Operating Profit-6131714168-37-26-221-10-13
OPM %-5%7%8%8%7%4%-1%3%-11%-8%0%-4%-5%
Other Income012011730001000
Interest0026776610000
Depreciation9998888777766
Profit before tax-1567029-14-5-33-294-16-19
Tax %0%0%-69%0%0%0%42%0%0%13%-32%0%0%
Net Profit-15612029-8-5-33-255-16-19
EPS in Rs-1.420.541.180.010.180.86-0.77-0.51-3.22-2.420.49-1.52-1.83

Sumeet Industries Ltd Quarterly Chart

Sumeet Industries Ltd Profit & Loss

MonthMar 2006Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales821,1581,2281,1651,2351,4061,2058677075748941,033989
Expenses761,0761,1281,0811,1461,2871,1178277695478591,0731,033
Operating Profit68210085901198840-622734-39-44
OPM %7%7%8%7%7%8%7%5%-9%5%4%-4%-4%
Other Income1-11-161599-55-20211010
Interest2223137445051634132770
Depreciation3202520202053474036312726
Profit before tax12928293157-6-124-146-12-3-64-60
Tax %35%34%32%24%38%32%58%6%4%41%204%8%
Net Profit11919221939-3-117-139-73-59-55
EPS in Rs0.131.841.862.091.833.75-0.25-11.28-13.46-0.690.28-5.67-5.28
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Sumeet Industries Ltd Profit & Loss Yearly Chart

Sumeet Industries Ltd Growth

Compounded Sales Growth
10 Years:-1%
5 Years:-3%
3 Years:13%
TTM:-12%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:16%
TTM:36%
Stock Price CAGR
10 Years:-13%
5 Years:0%
3 Years:8%
1 Year:21%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Sumeet Industries Ltd Balance Sheet

MonthMar 2006Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital17585858585883104104104104104104
Reserves4134144166190233267-19-157-158-156-220-261
Preference Capital5102020300303030303030
Borrowings39404482447462474451545568560521459483
Other Liabilities10185215302302238231180231119128112114
Total Liabilities717829009731,0131,0031,032810745625597455439
Fixed Assets44384401426410402359310276242212185173
CWIP310310401000000
Investments0166611131340000
Other Assets25387463542593590659487465383385270266
Total Assets717829009731,0131,0031,032810745625597455439

Sumeet Industries Ltd Reserves and Borrowings Chart

Sumeet Industries Ltd Cash Flow

MonthMar 2006Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 145-656158-52-7785246173
Cash from Investing Activity -6-47-65-21-1-2-75-011-1
Cash from Financing Activity 42179-261-525551-95-24-62-68
Net Cash Flow-1188914-4-21-110-14

Sumeet Industries Ltd Financial Efficiency Indicators

MonthMar 2006Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days233747717759866981664837
Inventory Days82707073746887921161458643
Days Payable34745786741343693322716
Cash Conversion Cycle101597265848713912510418010664
Working Capital Days9468798398791271318119912472
ROCE %9%10%10%14%6%-0%-16%-1%5%-13%

Sumeet Industries Ltd Financial Efficiency Indicators Chart

Sumeet Industries Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters21.67%21.67%21.67%21.67%21.67%21.67%21.67%21.67%21.67%21.67%21.67%21.07%
FIIs0.00%0.00%0.00%0.00%0.03%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public78.33%78.33%78.33%78.33%78.30%78.33%78.34%78.33%78.33%78.33%78.33%78.92%
No. of Shareholders38,49638,82239,15439,58642,07942,74043,40743,40943,32743,39742,56141,853

Sumeet Industries Ltd Shareholding Pattern Chart

No. of Sumeet Industries Ltd Shareholders

This stock is not held by any mutual fund

Sumeet Industries Ltd ROCE Trend

Sumeet Industries Ltd EPS Trend

Sumeet Industries Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-5.670.28-0.68-13.46-11.28
Diluted EPS (Rs.)-5.670.28-0.68-13.46-11.28
Cash EPS (Rs.)-3.013.312.77-9.57-6.78
Book Value[Excl.RevalReserv]/Share (Rs.)-11.42-5.10-5.25-5.188.16
Book Value[Incl.RevalReserv]/Share (Rs.)-11.42-5.10-5.25-5.188.16
Revenue From Operations / Share (Rs.)99.6886.2155.3768.2183.64
PBDIT / Share (Rs.)-2.825.332.59-6.214.17
PBIT / Share (Rs.)-5.472.29-0.86-10.10-0.33
PBT / Share (Rs.)-6.15-0.26-1.17-14.09-11.99
Net Profit / Share (Rs.)-5.670.28-0.68-13.46-11.28
NP After MI And SOA / Share (Rs.)-5.670.28-0.68-13.46-11.28
PBDIT Margin (%)-2.826.174.68-9.114.98
PBIT Margin (%)-5.482.66-1.55-14.80-0.40
PBT Margin (%)-6.17-0.31-2.10-20.65-14.34
Net Profit Margin (%)-5.680.32-1.24-19.72-13.48
NP After MI And SOA Margin (%)-5.680.32-1.24-19.72-13.48
Return on Networth / Equity (%)0.00-5.510.000.00-138.20
Return on Capital Employeed (%)149.7369.87-38.42-282.34-1.34
Return On Assets (%)-12.900.48-1.13-18.71-14.43
Long Term Debt / Equity (X)-0.09-0.31-0.03-0.171.38
Total Debt / Equity (X)-3.88-9.87-7.94-8.396.36
Asset Turnover Ratio (%)1.921.430.820.940.93
Current Ratio (X)0.510.640.560.590.81
Quick Ratio (X)0.300.360.280.350.51
Inventory Turnover Ratio (X)6.425.033.063.763.13
Interest Coverage Ratio (X)-4.142.088.48-1.560.68
Interest Coverage Ratio (Post Tax) (X)-7.321.11-1.25-2.370.06
Enterprise Value (Cr.)507.31628.31512.10493.79569.13
EV / Net Operating Revenue (X)0.490.700.890.690.65
EV / EBITDA (X)-17.3711.3819.06-7.6713.18
MarketCap / Net Operating Revenue (X)0.020.080.080.010.04
Price / BV (X)-0.19-1.46-0.94-0.240.49
Price / Net Operating Revenue (X)0.020.080.080.010.04
EarningsYield-2.580.03-0.13-10.60-2.76

Sumeet Industries Ltd Profitability Ratios (%)

Sumeet Industries Ltd Liquidity Ratios

Sumeet Industries Ltd Liquidity Ratios (%)

Sumeet Industries Ltd Interest Coverage Ratios (X)

Sumeet Industries Ltd Valuation Ratios

Fair Value / Intrinsic Value of Sumeet Industries Ltd

Fair Value: ₹34.88

The stock is undervalued by 842.81% compared to the current price ₹3.7

*Investments are subject to market risks

Strength and Weakness of Sumeet Industries Ltd

StrengthWeakness
    1. The stock is trading at a high valuation with an average P/B ratio of -2.89 and average Dividend Yield of -3.91%.
    2. The stock has a low average ROCE of 2.00%, which may not be favorable.
    3. The stock has a high average Working Capital Days of 102.92, which may not be favorable.
    4. The stock has a high average Cash Conversion Cycle of 98.83, which may not be favorable.
    5. The company has higher borrowings (20.38) compared to reserves (12.85), which may suggest financial risk.
    6. The company has not shown consistent growth in sales (316.92) and profit (-18.46).

    Should I Buy Sumeet Industries Ltd Share Now?

    • Considering various financial indicators, investors might exercise caution regarding investment in Sumeet Industries Ltd:
      1. Net Profit Margin: -5.68%
        • 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: 149.73% (Industry Average ROCE: 0%)
        • 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): -7.32
        • 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: 0.30
        • 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)
        • 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: -3.88
        • 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 Sumeet 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