Past 10 year’s financial track record analysis by Moneyworks4me indicates that Super Tannery Ltd is a below average quality company.
The key valuation ratios of Super Tannery Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Super Tannery Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 11.9% | 9.2% | 8.2% | 7.3% | 7% | 6.9% | 7% | 6.3% | 7.3% | 7.7% | - |
| Value Creation Index ⓘ | -0.2 | -0.3 | -0.4 | -0.5 | -0.5 | -0.5 | -0.5 | -0.6 | -0.5 | -0.5 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 316 | 238 | 233 | 235 | 186 | 182 | 191 | 221 | 225 | 227 | 247 |
| Sales YoY Gr. | - | -24.7% | -2% | 0.8% | -20.7% | -2.2% | 4.7% | 15.9% | 1.5% | 1% | - |
| Adj EPS ⓘ | 0.7 | 0.3 | 0.4 | 0.3 | 0.3 | 0.4 | 0.5 | 0.4 | 0.6 | 0.6 | 0.7 |
| YoY Gr. | - | -47.7% | 14.7% | -12.8% | -26.5% | 72% | 4.7% | -17.8% | 56.8% | 0% | - |
| BVPS (₹) ⓘ | 7.1 | 7.4 | 7.8 | 7 | 7.2 | 7.6 | 8 | 8.4 | 8.9 | 9.4 | 9.8 |
| Adj Net Profit ⓘ | 7 | 3.7 | 4.2 | 3.7 | 2.7 | 4.6 | 4.9 | 4 | 6.3 | 6.2 | 7 |
| Cash Flow from Ops. ⓘ | 8.1 | 12.9 | 27 | 2.2 | 25.2 | 17.8 | 4.2 | 21.2 | 21.3 | 7.7 | - |
| Debt/CF from Ops. ⓘ | 12.2 | 8.4 | 3.5 | 36.1 | 2.8 | 4.1 | 19.6 | 3.7 | 3.2 | 10.2 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -3.6% | 4% | 5.9% | 1% | ||||
| Adj EPS ⓘ | -1.3% | 18.3% | 8.8% | 0% | ||||
| BVPSⓘ | 3.1% | 5.5% | 5.4% | 5.8% | ||||
| Share Price | 11.2% | 39.6% | 37.1% | 41.8% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 9.1 | 4.6 | 5.1 | 4.6 | 3.5 | 5.8 | 5.8 | 4.5 | 6.7 | 6.3 | 6.9 |
| Op. Profit Mgn % ⓘ | 9.2 | 9.2 | 9 | 7.1 | 8.8 | 8.4 | 8.6 | 7 | 7.6 | 8 | 8.2 |
| Net Profit Mgn % ⓘ | 2.2 | 1.5 | 1.8 | 1.6 | 1.4 | 2.5 | 2.6 | 1.8 | 2.8 | 2.8 | 2.9 |
| Debt to Equity ⓘ | 1.3 | 1.3 | 1.1 | 1.1 | 0.9 | 0.9 | 1 | 0.9 | 0.7 | 0.8 | 0 |
| Working Cap Days ⓘ | 208 | 265 | 272 | 255 | 284 | 274 | 281 | 244 | 222 | 222 | 101 |
| Cash Conv. Cycle ⓘ | 121 | 158 | 174 | 155 | 175 | 168 | 163 | 141 | 126 | 122 | 12 |
Return on Equity has increased versus last 3 years average to 7.00%
Debt to equity has declined versus last 3 years average to 0.77
Sales growth is good in last 4 quarters at 19.40%
Sales growth has been subdued in last 3 years 5.94%
Net Profit has been subdued in last 3 years 8.83%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 0.7 | 0.6 |
| TTM Sales (₹ Cr.) | 247 | 249 |
| BVPS (₹.) ⓘ | 9.8 | 9.3 |
| Reserves (₹ Cr.) ⓘ | 95 | 90 |
| P/BV ⓘ | 1.29 | 1.36 |
| PE ⓘ | 19.25 | 22.06 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 7.64 / 16.50 |
| All Time Low / High (₹) | 0.10 / 16.50 |
| Market Cap (₹ Cr.) | 136 |
| Equity (₹ Cr.) | 10.8 |
| Face Value (₹) | 1 |
| Industry PE ⓘ | 45.9 |
| Pledged * | 50.82 | 50.82 | 50.82 | 50.84 | 50.89 | 51.10 | 51.10 | 51.12 | 51.12 | 51.12 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 316 | 238 | 233 | 235 | 186 | 182 | 191 | 221 | 225 | 227 |
| Operating Expenses ⓘ | 289 | 216 | 213 | 219 | 171 | 167 | 175 | 206 | 208 | 209 |
| Manufacturing Costs | 91 | 71 | 79 | 64 | 59 | 69 | 65 | 74 | 83 | 26 |
| Material Costs | 163 | 115 | 103 | 127 | 86 | 72 | 85 | 103 | 93 | 147 |
| Employee Cost | 7 | 8 | 8 | 9 | 7 | 7 | 7 | 8 | 9 | 11 |
| Other Costs ⓘ | 28 | 22 | 23 | 20 | 19 | 19 | 17 | 20 | 23 | 25 |
| Operating Profit ⓘ | 27 | 22 | 20 | 16 | 16 | 15 | 16 | 15 | 17 | 18 |
| Operating Profit Margin (%) | 8.5% | 9.2% | 8.7% | 6.8% | 8.4% | 8.3% | 8.4% | 7.0% | 7.4% | 7.8% |
| Other Income ⓘ | 1 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 |
| Interest ⓘ | 11 | 10 | 9 | 6 | 6 | 7 | 5 | 4 | 4 | 5 |
| Depreciation ⓘ | 7 | 7 | 7 | 6 | 6 | 6 | 6 | 6 | 7 | 7 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 9 | 7 | 6 | 6 | 4 | 4 | 6 | 7 | 8 | 9 |
| Tax ⓘ | 4 | 4 | 2 | 2 | 2 | -1 | 1 | 3 | 2 | 3 |
| Profit After Tax | 5 | 4 | 4 | 4 | 2 | 4 | 5 | 4 | 6 | 6 |
| PAT Margin (%) | 1.7% | 1.5% | 1.6% | 1.7% | 1.1% | 2.5% | 2.4% | 1.8% | 2.7% | 2.6% |
| Adjusted EPS (₹) | 0.5 | 0.3 | 0.4 | 0.4 | 0.2 | 0.4 | 0.4 | 0.4 | 0.6 | 0.6 |
| Dividend Payout Ratio (%) | 10% | 0% | 0% | 0% | 0% | 0% | 12% | 13% | 9% | 9% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 79 | 82 | 84 | 75 | 78 | 82 | 86 | 90 | 96 | 101 |
| Share Capital ⓘ | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
| Reserves ⓘ | 68 | 71 | 73 | 65 | 67 | 71 | 76 | 79 | 85 | 90 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 92 | 105 | 92 | 79 | 70 | 71 | 82 | 77 | 68 | 78 |
| Long Term Debt | 4 | 3 | 0 | 1 | 0 | 3 | 3 | 1 | 0 | 1 |
| Short Term Debt | 88 | 102 | 92 | 78 | 70 | 67 | 79 | 76 | 67 | 77 |
| Trade Payables | 40 | 36 | 42 | 31 | 31 | 35 | 43 | 33 | 35 | 33 |
| Others Liabilities ⓘ | 34 | 29 | 30 | 30 | 24 | 26 | 27 | 30 | 28 | 33 |
| Total Liabilities ⓘ | 245 | 253 | 249 | 215 | 203 | 213 | 238 | 230 | 227 | 246 |
Fixed Assets | ||||||||||
| Gross Block | 114 | 124 | 124 | 64 | 72 | 85 | 98 | 105 | 112 | 123 |
| Accumulated Depreciation | 48 | 55 | 61 | 11 | 17 | 22 | 28 | 33 | 40 | 46 |
| Net Fixed Assetsⓘ | 66 | 69 | 64 | 53 | 56 | 62 | 70 | 71 | 72 | 77 |
| CWIP ⓘ | 2 | 1 | 2 | 3 | 5 | 2 | 2 | 8 | 11 | 13 |
| Investmentsⓘ | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Inventories | 91 | 98 | 109 | 72 | 80 | 86 | 79 | 65 | 60 | 56 |
| Trade Receivables | 52 | 52 | 46 | 56 | 37 | 37 | 56 | 53 | 53 | 60 |
| Cash Equivalents | 2 | 6 | 6 | 3 | 4 | 8 | 7 | 8 | 8 | 9 |
| Others Assetsⓘ | 28 | 24 | 20 | 26 | 19 | 15 | 21 | 22 | 20 | 27 |
| Total Assets ⓘ | 245 | 253 | 249 | 215 | 203 | 213 | 238 | 230 | 227 | 246 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 8 | 13 | 27 | 2 | 25 | 18 | 4 | 21 | 21 | 8 |
| PBT ⓘ | 9 | 7 | 6 | 6 | 4 | 4 | 6 | 7 | 8 | 9 |
| Adjustment ⓘ | 18 | 16 | 15 | 9 | 11 | 10 | 10 | 8 | 9 | 10 |
| Changes in Working Capital ⓘ | -6 | -7 | 9 | -11 | 12 | 5 | -11 | 8 | 6 | -9 |
| Tax Paid ⓘ | -5 | -3 | -3 | -2 | -2 | -2 | -1 | -1 | -1 | -2 |
| Cash Flow From Investing Activity ⓘ | -9 | -10 | -5 | -3 | -11 | -11 | -14 | -11 | -8 | -14 |
| Capex | -9 | -9 | -5 | -3 | -10 | -9 | -14 | -11 | -8 | -12 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | -1 | 0 | 0 | 0 | -2 | 0 | 0 | 1 | -2 |
| Cash Flow From Financing Activityⓘ | 0 | 0 | -22 | -1 | -13 | -5 | 8 | -9 | -13 | 6 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 3 | 1 | -2 | 0 | 0 |
| Interest Paid ⓘ | -1 | -8 | -8 | -5 | -5 | -5 | -4 | -3 | -4 | -4 |
| Dividend Paid ⓘ | -1 | -1 | 0 | 0 | 0 | 0 | 0 | -1 | -1 | -1 |
| Others ⓘ | 2 | 9 | -14 | 4 | -8 | -3 | 11 | -3 | -9 | 10 |
| Net Cash Flow ⓘ | -1 | 2 | 0 | -2 | 1 | 2 | -2 | 1 | 0 | -1 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 7.33 | 4.55 | 4.62 | 5.1 | 2.78 | 5.64 | 5.48 | 4.56 | 6.52 | 6 |
| ROCE (%) | 11.86 | 9.2 | 8.17 | 7.34 | 6.95 | 6.85 | 6.97 | 6.29 | 7.26 | 7.68 |
| Asset Turnover Ratio | 1.23 | 0.96 | 0.93 | 1.01 | 0.89 | 0.87 | 0.85 | 0.94 | 0.98 | 0.96 |
| PAT to CFO Conversion(x) | 1.6 | 3.25 | 6.75 | 0.5 | 12.5 | 4.5 | 0.8 | 5.25 | 3.5 | 1.33 | Working Capital Days |
| Receivable Days | 69 | 80 | 76 | 79 | 91 | 74 | 89 | 90 | 87 | 91 |
| Inventory Days | 106 | 145 | 161 | 140 | 148 | 166 | 158 | 118 | 101 | 93 |
| Payable Days | 99 | 121 | 140 | 106 | 132 | 166 | 165 | 135 | 134 | 85 |
Super Tannery the buyer driven organization, founded by Ch. Ehsan Kareem with a conviction to bring distant people closer, promotes understanding, friendship and co-operation among nations. This name is reckoned in the international leather forums for fusing new knowledge and technologies to create new products for the benefit of all mankind.
Safety shoes, military boots or specialty leather for industrial application and upholsteries Super Tannery's second nature is to lead from the front in the innovative ventures. Past five decades have recorded the company's growth on a 40,000 sq. m plot of land. Not just in terms of sheds, yards, machines and structures but with in the form of pioneers who build goodwill for leather ware internationally.
Super Tannery standard of building customitized select list as per market demands holds it apart to reign supreme. Uninterrupted production flow and effective management features help it bear the hallmark company seal.
The eco friendly site at Banther having proximity and connectivity for customer convenience location wise covers a huge working area of 80000 sq. feet was developed for goat leather production. A focal venture of the dedicated, professional shared and sharpened experience holders in management of international acumen in leather standard. The company’s ability to relate to a customer's requirements and respond with the flexibility of products made-to-order-and-deliver capability is a definite edge it enjoys over its competition. Combining them with state-of-the-art machinery, the company is engaged in a constant endeavour to set the highest standards in quality, performance, reliability and professionalism.
One of the leading tanners and footwear manufacturers in Northern India, they export finished leather, footwear components, dress and casual shoes, as well as safety boots to several countries in Europe, Africa & Asia.
Product range of the company includes:
From its three shoe factories, it manufactures
Achievements/ recognition
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
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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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