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Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Super Spinning Mills Ltd

About the Company - Super Spinning Mills Ltd

Super Spinning Mills Ltd. is a Public Limited Listed company incorporated on 06/06/1962 and has its registered office in the State of Tamil Nadu, India. Company’s Corporate Identification Number(CIN) is L17111TZ1962PLC001200 and registration number is 001200. 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. 93.45 Cr. and Equity Capital is Rs. 5.50 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Textiles - Spinning - Cotton BlendedElgi Towers, PB No 7113, Coimbatore Tamil Nadu 641045investors@ssh.saraelgi.com
http://www.superspinning.com
Management
NamePosition Held
Mr. Sumanth RamamurthiChairman & Managing Director
Mr. Sudarsan VaradarajDirector
Mr. C G KumarDirector
Mrs. Suguna RavichandranDirector
Mr. B Lakshmi NarayanaDirector
Mr. Sanjay Krishna RamamurthiDirector
Mr. Nikhil Govind RamamurthiDirector

Super Spinning Mills Ltd. Share Price Update

Share PriceValue
Today₹9.07
Previous Day₹8.90

Basic Stock Data of Super Spinning Mills Ltd

Market Cap 53.1 Cr.
Current Price 9.66
High / Low11.7/5.30
Stock P/E
Book Value 14.9
Dividend Yield0.00 %
ROCE7.08 %
ROE15.0 %
Face Value 1.00

Data Source: screener.in

Competitors of Super Spinning Mills Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Nagreeka Exports Ltd 114 Cr. 36.444.9/15.611.8 36.70.00 %3.82 %2.92 % 5.00
Lambodhara Textiles Ltd 186 Cr. 179241/13652.5 1050.41 %18.4 %17.4 % 5.00
Vardhman Polytex Ltd 191 Cr. 70.074.0/18.5 1380.00 %33.7 %% 10.0
Vardhman Textiles Ltd (VTL) 12,752 Cr. 441456/27021.7 3060.80 %11.5 %9.74 % 2.00
Trident Ltd 22,362 Cr. 43.952.9/25.053.2 8.140.82 %11.9 %11.0 % 1.00
Industry Average105 Cr154.0627.84118.770.41%15.86%8.21%4.6

Super Spinning Mills Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales12.5015.7916.6816.4025.1027.3724.5725.4424.9317.6717.529.861.46
Expenses17.9015.6413.3815.0023.2222.8823.3126.3727.1420.6919.1012.180.67
Operating Profit-5.400.153.301.401.884.491.26-0.93-2.21-3.02-1.58-2.320.79
OPM %-43.20%0.95%19.78%8.54%7.49%16.40%5.13%-3.66%-8.86%-17.09%-9.02%-23.53%54.11%
Other Income0.683.685.090.061.683.910.070.020.270.36-5.382.44-2.55
Interest1.851.500.721.130.980.960.810.690.760.930.900.930.43
Depreciation0.441.070.650.780.700.700.700.540.580.610.610.410.28
Profit before tax-7.011.267.02-0.451.886.74-0.18-2.14-3.28-4.20-8.47-1.22-2.47
Tax %-0.00%-0.00%74.07%-0.00%240.96%83.68%1,666.67%-0.00%-0.00%-50.48%7.79%-0.00%-169.64%
Net Profit-7.021.261.83-0.45-2.641.112.82-2.14-3.28-6.33-7.81-1.22-6.66
EPS in Rs-1.280.230.33-0.08-0.480.200.51-0.39-0.60-1.15-1.42-0.22-1.21

Super Spinning Mills Ltd Quarterly Chart

Super Spinning Mills Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales38143452144034829426120814949938647
Expenses40739348142734229126521515553849353
Operating Profit-2741401363-4-7-5-49-8-6
OPM %-7%9%8%3%2%1%-1%-3%-3%-8%10%-9%-13%
Other Income148541813398116-5-5
Interest3124252423181514106433
Depreciation191715101086443322
Profit before tax-6285-17-9-11-22-16-11-38-18-16
Tax %31%10%31%32%34%-23%0%0%0%-193%90%-8%
Net Profit-4383-12-6-13-22-16-11-81-20-22
EPS in Rs-7.801.370.60-2.13-1.06-2.36-3.93-2.91-2.05-1.430.15-3.56-4.00
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Super Spinning Mills Ltd Profit & Loss Yearly Chart

Super Spinning Mills Ltd Growth

Compounded Sales Growth
10 Years:-15%
5 Years:-20%
3 Years:-17%
TTM:-55%
Compounded Profit Growth
10 Years:%
5 Years:6%
3 Years:6%
TTM:-626%
Stock Price CAGR
10 Years:3%
5 Years:7%
3 Years:21%
1 Year:1%
Return on Equity
10 Years:-15%
5 Years:-13%
3 Years:-9%
Last Year:-15%

Super Spinning Mills Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital6666666666666
Reserves5765685549161129120108981048476
Borrowings1431321391251128873513733374435
Other Liabilities536670726362851248146312920
Total Liabilities259269282258230316293301231182178163137
Fixed Assets11710195937121921517115411310610496
CWIP0010000000100
Investments282827272713131313131340
Other Assets11313915913713284651166456575541
Total Assets259269282258230316293301231182178163137

Super Spinning Mills Ltd Reserves and Borrowings Chart

Super Spinning Mills Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 69272140423292411-14-23-9
Cash from Investing Activity 206-5-42916-0101223276
Cash from Financing Activity -91-33-16-37-34-38-29-35-23-10-13
Net Cash Flow-2-00-1-110-1-0-03-1

Super Spinning Mills Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days3434303128151719249730
Inventory Days44737255716939664813010559
Days Payable386855708910113817824620410572
Cash Conversion Cycle4039481610-18-82-92-174-65817
Working Capital Days31475428276-43-64-94-77-29-29
ROCE %-17%13%14%2%-2%-2%-3%-5%-5%-1%5%-7%

Super Spinning Mills Ltd Financial Efficiency Indicators Chart

Super Spinning Mills Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters42.49%42.80%42.80%42.80%42.80%42.80%42.80%42.80%42.80%42.80%42.80%42.80%
FIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.00%0.00%0.00%0.00%
Public57.50%57.20%57.20%57.20%57.20%57.20%57.19%57.20%57.19%57.19%57.20%57.20%
No. of Shareholders10,25611,10611,17511,94115,89415,73616,14515,80715,91115,77115,96316,665

Super Spinning Mills Ltd Shareholding Pattern Chart

No. of Super Spinning Mills Ltd Shareholders

This stock is not held by any mutual fund

Super Spinning Mills Ltd ROCE Trend

Super Spinning Mills Ltd EPS Trend

Super Spinning Mills Ltd Key Financial Ratios

MonthMar 17Mar 16Mar 15Mar 14Mar 13
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)-1.66-1.00-2.410.341.12
Diluted EPS (Rs.)-1.66-1.00-2.410.341.12
Cash EPS (Rs.)-0.200.85-0.183.454.57
Book Value[Excl.RevalReserv]/Share (Rs.)7.549.2010.1912.9712.63
Book Value[Incl.RevalReserv]/Share (Rs.)7.549.2010.1912.9712.63
Revenue From Operations / Share (Rs.)53.4763.6681.0596.0880.87
PBDIT / Share (Rs.)2.511.393.378.068.99
PBIT / Share (Rs.)1.06-0.461.144.955.54
PBT / Share (Rs.)-2.14-4.42-3.390.611.32
Net Profit / Share (Rs.)-1.66-0.99-2.410.331.12
NP After MI And SOA / Share (Rs.)-1.66-0.99-2.410.331.12
PBDIT Margin (%)4.692.184.168.3811.11
PBIT Margin (%)1.98-0.721.415.146.84
PBT Margin (%)-3.99-6.94-4.180.641.63
Net Profit Margin (%)-3.10-1.56-2.970.351.38
NP After MI And SOA Margin (%)-3.10-1.56-2.970.351.38
Return on Networth / Equity (%)-21.99-10.83-23.662.608.89
Return on Capital Employeed (%)9.16-2.966.2725.1937.26
Return On Assets (%)-4.80-2.42-5.190.652.26
Long Term Debt / Equity (X)0.400.600.700.440.10
Total Debt / Equity (X)1.781.922.081.851.75
Asset Turnover Ratio (%)1.401.441.631.881.62
Current Ratio (X)0.610.740.740.890.71
Quick Ratio (X)0.340.450.470.520.44
Inventory Turnover Ratio (X)4.934.835.115.395.25
Interest Coverage Ratio (X)0.810.350.801.862.13
Interest Coverage Ratio (Post Tax) (X)0.490.010.501.081.27
Enterprise Value (Cr.)139.11131.98146.92159.78146.28
EV / Net Operating Revenue (X)0.470.370.320.300.32
EV / EBITDA (X)10.0717.297.923.612.96
MarketCap / Net Operating Revenue (X)0.220.100.070.050.06
Price / BV (X)1.610.700.560.430.38
Price / Net Operating Revenue (X)0.220.100.070.050.06
EarningsYield-0.13-0.15-0.410.060.22

Super Spinning Mills Ltd Profitability Ratios (%)

Super Spinning Mills Ltd Liquidity Ratios

Super Spinning Mills Ltd Liquidity Ratios (%)

Super Spinning Mills Ltd Interest Coverage Ratios (X)

Super Spinning Mills Ltd Valuation Ratios

Fair Value / Intrinsic Value of Super Spinning Mills Ltd

Fair Value: ₹34.20

The stock is undervalued by 253.99% compared to the current price ₹9.66

*Investments are subject to market risks

Strength and Weakness of Super Spinning Mills Ltd

StrengthWeakness
  1. The stock has a low average Working Capital Days of -11.92, which is a positive sign.
  2. The stock has a low average Cash Conversion Cycle of -21.08, which is a positive sign.
  3. The company has higher reserves (90.31 cr) compared to borrowings (80.69 cr), indicating strong financial stability.
  1. The stock has a low average ROCE of -0.67%, which may not be favorable.
  2. The company has not shown consistent growth in sales (254.69) and profit (-12.62).

Should I Buy Super Spinning Mills Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Super Spinning Mills Ltd:
    1. Net Profit Margin: -3.10%
      • 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: 9.16% (Industry Average ROCE: 23.06%)
      • 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): 0.49
      • 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: 0.34
      • 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: 18.4)
      • 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: 1.78
      • 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 Super Spinning 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