Stocks - Q : Quality | V : Valuation | PT : Price Trend
Funds - P : Performance | Q : Quality
Funds - P : Performance | Q : Quality
BSE: 590056 | NSE: SALONA | Textile - Spinning | Small Cap
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation Index Colour Code Guide ⓘ
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 20.1% | 10.9% | 10.6% | 8.6% | 8.8% | 8.1% | 7.7% | 13.1% | 22% | 13.9% | - |
| Value Creation Index ⓘ | 0.4 | -0.2 | -0.2 | -0.4 | -0.4 | -0.4 | -0.5 | -0.1 | 0.6 | 0.0 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 106 | 103 | 100 | 121 | 107 | 133 | 122 | 230 | 647 | 487 | 681 |
| Sales YoY Gr. | - | -3.2% | -2.7% | 21.1% | -12% | 24.4% | -8.3% | 88.9% | 181.2% | -24.8% | - |
| Adj EPS ⓘ | 10.8 | 3.9 | 4.3 | 6.3 | 4.7 | 3 | 2.2 | 12.5 | 37.8 | 33.4 | 13.2 |
| YoY Gr. | - | -63.9% | 10.8% | 46.9% | -25.6% | -35.5% | -26.6% | 460.5% | 202.1% | -11.5% | - |
| BVPS (₹) ⓘ | 38.9 | 43 | 46.6 | 52.9 | 56.9 | 59.4 | 60.9 | 72.1 | 108.6 | 140.8 | 163 |
| Adj Net Profit ⓘ | 5.7 | 2.1 | 2.3 | 3.3 | 2.5 | 1.6 | 1.2 | 6.6 | 19.9 | 17.6 | 7 |
| Cash Flow from Ops. ⓘ | 11.7 | 9.8 | 0 | -3 | 4 | 6.4 | 14.3 | -23.7 | -34.8 | -5 | - |
| Debt/CF from Ops. ⓘ | 2.9 | 2.6 | 753 | -11.9 | 10.9 | 7.9 | 2.8 | -3.2 | -4 | -31.3 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 18.4% | 35.4% | 58.7% | -24.8% | ||||
| Adj EPS ⓘ | 13.4% | 48% | 146.6% | -11.5% | ||||
| BVPSⓘ | 15.4% | 19.9% | 32.3% | 29.6% | ||||
| Share Price | 29.3% | 45.7% | -3.1% | -13.4% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 31.1 | 9.4 | 9.6 | 12.7 | 8.6 | 5.2 | 3.7 | 18.8 | 41.7 | 26.8 | 8.7 |
| Op. Profit Mgn % ⓘ | 15.5 | 9.4 | 8.7 | 7.1 | 8.7 | 7.6 | 7 | 6.7 | 5.8 | 7.2 | 4.8 |
| Net Profit Mgn % ⓘ | 5.3 | 2 | 2.3 | 2.8 | 2.3 | 1.2 | 1 | 2.9 | 3.1 | 3.6 | 1 |
| Debt to Equity ⓘ | 1.6 | 1.1 | 1.2 | 1.3 | 1.4 | 1.6 | 1.3 | 2 | 2.4 | 2.1 | - |
| Working Cap Days ⓘ | 116 | 122 | 140 | 147 | 199 | 173 | 183 | 135 | 83 | 155 | 63 |
| Cash Conv. Cycle ⓘ | 96 | 101 | 113 | 121 | 160 | 137 | 140 | 96 | 62 | 109 | 13 |
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 13.2 | - |
| TTM Sales (₹ Cr.) | 681 | - |
| BVPS (₹.) ⓘ | 163 | - |
| Reserves (₹ Cr.) ⓘ | 80 | - |
| P/BV ⓘ | 1.61 | - |
| PE ⓘ | 19.88 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 212.95 / 349.80 |
| All Time Low / High (₹) | 6.37 / 383.00 |
| Market Cap (₹ Cr.) | 138 |
| Equity (₹ Cr.) | 5.3 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 27.1 |
| Mar'24 | YoY Gr. Rt. % | Jun'24 | YoY Gr. Rt. % | Sep'24 | YoY Gr. Rt. % | Dec'24 | YoY Gr. Rt. % | |
|---|---|---|---|---|---|---|---|---|
| Sales (₹ Cr.)ⓘ | 289 | -23.2 | 314 | 45.3 | 524 | 70.5 | 515 | 50.6 |
| Adj EPS (₹) ⓘ | 1.7 | -49.2 | 2.9 | 32.7 | 5.8 | 163.2 | 5.6 | 71.4 |
| Op. Profit Mgn % ⓘ | 11.93 | -137 bps | 13.98 | -549 bps | 15.52 | 232 bps | 15.32 | 104 bps |
| Net Profit Mgn % ⓘ | 3.90 | -304 bps | 6.59 | -259 bps | 8.73 | 314 bps | 8.93 | 239 bps |
| Company Name | CMP(₹) | |||||||
|---|---|---|---|---|---|---|---|---|
| Trident | 29.3 | 1.9 (6.8%) | Small Cap | 6,730 | 0.6 | 5.2 | 49.9 | 3.4 |
| Filatex India | 47.4 | 3.5 (8%) | Small Cap | 4,286 | 2.9 | 2.5 | 16.4 | 1.6 |
| Nahar Spinning Mills | 235.8 | 2.3 (1%) | Small Cap | 3,050 | -2.9 | -1.2 | - | 0.6 |
| Sanathan Textiles | 425.5 | -9.7 (-2.2%) | Small Cap | 2,957 | 16.7 | 4.5 | 25.4 | 1.8 |
| Nitin Spinners | 375 | 8.6 (2.3%) | Small Cap | 2,906 | 29.9 | 4.5 | 12.5 | 1.7 |
| Sutlej Textiles&Inds | 39.8 | -0.3 (-0.6%) | Small Cap | 2,703 | -5 | -4.9 | - | 0.7 |
| Nahar Ind.Enterprise | 104.2 | 0.3 (0.3%) | Small Cap | 1,472 | 4.9 | 0.5 | 21.5 | 0.5 |
| GHCL Textiles | 83.9 | 0.9 (1.1%) | Small Cap | 1,054 | 5.4 | 2.1 | 15.4 | 0.6 |
| Sumeet Inds | 4.8 | 0 (0%) | Small Cap | 985 | -98.3 | -6 | - | -0.5 |
| Precot | - | 0 (0%) | Small Cap | 978 | 34.4 | 1 | 13.1 | 1.3 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 106 | 103 | 100 | 121 | 107 | 133 | 122 | 230 | 647 | 487 |
| Operating Expenses ⓘ | 90 | 93 | 92 | 113 | 98 | 123 | 113 | 215 | 610 | 452 |
| Manufacturing Costs | 12 | 14 | 16 | 15 | 13 | 16 | 16 | 17 | 19 | 14 |
| Material Costs | 69 | 72 | 66 | 86 | 73 | 92 | 84 | 181 | 537 | 404 |
| Employee Cost | 3 | 4 | 4 | 5 | 5 | 6 | 6 | 6 | 8 | 9 |
| Other Costs ⓘ | 5 | 4 | 6 | 7 | 6 | 9 | 7 | 12 | 46 | 25 |
| Operating Profit ⓘ | 16 | 10 | 9 | 9 | 9 | 10 | 9 | 15 | 37 | 35 |
| Operating Profit Margin (%) | 15.5% | 9.4% | 8.7% | 7.1% | 8.7% | 7.6% | 7.0% | 6.4% | 5.8% | 7.2% |
| Other Income ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest ⓘ | 3 | 3 | 3 | 2 | 3 | 4 | 4 | 4 | 7 | 9 |
| Depreciation ⓘ | 6 | 4 | 3 | 4 | 4 | 4 | 3 | 3 | 3 | 5 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 8 | 3 | 3 | 3 | 3 | 2 | 2 | 8 | 27 | 20 |
| Tax ⓘ | 2 | 0 | 0 | -1 | 0 | 1 | 1 | 2 | 7 | 3 |
| Profit After Tax | 6 | 2 | 2 | 3 | 2 | 2 | 1 | 6 | 20 | 18 |
| PAT Margin (%) | 5.3% | 2.0% | 2.3% | 2.8% | 2.3% | 1.2% | 1.0% | 2.7% | 3.1% | 3.6% |
| Adjusted EPS (₹) | 10.8 | 4.0 | 4.3 | 6.4 | 4.7 | 3.1 | 2.2 | 11.8 | 37.6 | 33.4 |
| Dividend Payout Ratio (%) | 11% | 0% | 17% | 9% | 13% | 19% | 0% | 8% | 3% | 4% |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 21 | 23 | 25 | 28 | 30 | 31 | 32 | 38 | 57 | 74 |
| Share Capital ⓘ | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves ⓘ | 15 | 17 | 19 | 23 | 25 | 26 | 27 | 33 | 52 | 69 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 29 | 22 | 27 | 33 | 40 | 48 | 38 | 71 | 132 | 151 |
| Long Term Debt | 14 | 10 | 8 | 6 | 5 | 9 | 7 | 12 | 27 | 36 |
| Short Term Debt | 15 | 12 | 19 | 27 | 34 | 39 | 31 | 60 | 105 | 116 |
| Trade Payables | 3 | 2 | 4 | 4 | 7 | 4 | 7 | 18 | 18 | 24 |
| Others Liabilities ⓘ | 10 | 8 | 8 | 6 | 7 | 7 | 7 | 11 | 20 | 20 |
| Total Liabilities ⓘ | 63 | 54 | 64 | 71 | 83 | 90 | 83 | 138 | 228 | 270 |
Fixed Assets | ||||||||||
| Gross Block | 71 | 71 | 72 | 74 | 76 | 89 | 90 | 95 | 114 | 117 |
| Accumulated Depreciation | 46 | 50 | 53 | 57 | 61 | 64 | 66 | 68 | 71 | 77 |
| Net Fixed Assetsⓘ | 25 | 21 | 18 | 17 | 15 | 26 | 24 | 27 | 43 | 41 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 5 | 1 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventories | 21 | 20 | 27 | 27 | 36 | 37 | 37 | 43 | 63 | 56 |
| Trade Receivables | 13 | 9 | 13 | 22 | 19 | 18 | 14 | 53 | 96 | 122 |
| Cash Equivalents | 2 | 1 | 2 | 0 | 1 | 0 | 1 | 1 | 0 | 1 |
| Others Assetsⓘ | 3 | 4 | 4 | 5 | 7 | 8 | 9 | 15 | 26 | 50 |
| Total Assets ⓘ | 63 | 54 | 64 | 71 | 83 | 90 | 83 | 138 | 228 | 270 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 12 | 10 | 0 | -3 | 4 | 6 | 14 | -24 | -35 | -5 |
| PBT ⓘ | 8 | 3 | 3 | 3 | 3 | 2 | 2 | 7 | 27 | 20 |
| Adjustment ⓘ | 9 | 7 | 6 | 6 | 7 | 8 | 7 | 7 | 11 | 15 |
| Changes in Working Capital ⓘ | -3 | 1 | -8 | -11 | -5 | -3 | 6 | -37 | -67 | -38 |
| Tax Paid ⓘ | -2 | -1 | -1 | -1 | -1 | -1 | 0 | -1 | -5 | -2 |
| Cash Flow From Investing Activity ⓘ | -1 | 0 | -1 | -2 | -7 | -10 | 0 | -5 | -20 | -3 |
| Capex | -1 | -1 | -1 | -2 | -7 | -10 | 0 | -5 | -20 | -4 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | -10 | -10 | 2 | 3 | 3 | 4 | -14 | 29 | 54 | 8 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -8 | 0 | -2 | -2 | 0 | 3 | -2 | 5 | 15 | 8 |
| Interest Paid ⓘ | -3 | -3 | -3 | -2 | -3 | -4 | -4 | -4 | -7 | -9 |
| Dividend Paid ⓘ | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 | -1 |
| Others ⓘ | 1 | -7 | 8 | 8 | 7 | 5 | -8 | 28 | 47 | 10 |
| Net Cash Flow ⓘ | 1 | -1 | 2 | -2 | 0 | 0 | 0 | 0 | 0 | 0 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 31.5 | 9.77 | 9.63 | 12.79 | 8.62 | 5.33 | 3.71 | 17.72 | 41.61 | 26.77 |
| ROCE (%) | 20.14 | 10.9 | 10.64 | 8.59 | 8.84 | 8.12 | 7.73 | 13.07 | 21.97 | 13.88 |
| Asset Turnover Ratio | 1.72 | 1.76 | 1.69 | 1.8 | 1.39 | 1.53 | 1.41 | 2.08 | 3.53 | 1.95 |
| PAT to CFO Conversion(x) | 2 | 5 | 0 | -1 | 2 | 3 | 14 | -4 | -1.75 | -0.28 |
| Working Capital Days | ||||||||||
| Receivable Days | 38 | 38 | 39 | 51 | 70 | 51 | 47 | 53 | 42 | 82 |
| Inventory Days | 68 | 72 | 85 | 81 | 109 | 101 | 111 | 63 | 30 | 45 |
| Payable Days | 13 | 13 | 16 | 17 | 27 | 21 | 23 | 25 | 12 | 19 |
Salona Cotspin, a Salona Group company, is engaged in the manufacture of carded and combed, ring spun greige yarns for knitting and weaving applications, from cotton. Salona Cotspin was incorporated in 1994 as a public limited company having administrative and export division Office at Coimbatore and Branches at Calcutta and Tirupur.
The Salona Group is a leading Indian manufacturer and exporter of Cotton Yarn, Knitted / Woven / Fabrics and Garments. The registered office and manufacturing unit of Salona Cotspin is at Poongampalli Erode District with an installed capacity of 11,000 spindles. The company is listed at Coimbatore, Calcutta,Chennai & Ahmedabad Stock Exchanges. The company specializes in 100% cotton yarn.
Salona yarn is made on state-of-the-art machines. They are designed to provide maximum flexibility to the customers while maintaining the desired quality of their knitting and weaving customers The raw materials, the work in progress materials and the final yarn produced are continuously tested to ensure that the yarn quality is of the highest international standards.
Product range of the company includes:
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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