Sarla Performance Fibers Ltd - Stock Valuation and Financial Performance

BSE: 526885 | NSE: SARLAPOLY | Textile - Manmade Fibres | Small Cap

Sarla Perform. Fiber Share Price

86.98 -2.82 -3.14%
as on 21-Nov'24 16:59

DeciZen - make an informed investing decision on Sarla Perform. Fiber

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Sarla Performance Fibers stock performance -

mw4me loader
P/E Ratio (SA):
13.99
Market Cap:
728.9 Cr.
52-wk low:
47.9
52-wk high:
118

Is Sarla Performance Fibers Ltd an attractive stock to invest in?

1. Is Sarla Performance Fibers Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Sarla Performance Fibers Ltd is a average quality company.

2. Is Sarla Performance Fibers Ltd undervalued or overvalued?

The key valuation ratios of Sarla Performance Fibers Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Sarla Performance Fibers Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Sarla Performance Fibers Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Sarla Perform. Fiber:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Sarla Performance Fibers Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 17.6%18.1%15.9%16.4%11.5%9.6%4.9%14%8.2%9.7%-
Value Creation
Index
0.30.30.10.2-0.2-0.3-0.7-0-0.4-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 267243263272316298251429387382426
Sales YoY Gr.--8.8%7.9%3.7%16.2%-5.7%-15.7%70.6%-9.8%-1.1%-
Adj EPS 3.45.14.34341.55.93.64.26.2
YoY Gr.-49.6%-15.8%-7.3%-24%33.9%-62.8%294%-39.4%16.5%-
BVPS (₹) 2327.131.935.538.542.243.850.151.656.160.5
Adj Net
Profit
28.342.335.733.125.133.712.549.329.934.852
Cash Flow from Ops. -5.949.264.933.612.439.343.33910631.8-
Debt/CF from Ops. -20.82.92.13.312.34.33.43.414.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 4.1%3.9%15%-1.1%
Adj EPS 2.3%6.7%40.6%16.5%
BVPS10.4%7.8%8.6%8.7%
Share Price 7.6% 33.7% 16.8% 75.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
1820.214.511.88.1103.512.67.17.710.7
Op. Profit
Mgn %
16.920.621.919.814.915.821.818.915.715.217.5
Net Profit
Mgn %
10.617.413.612.27.911.3511.57.79.112.2
Debt to
Equity
0.60.60.50.40.50.50.40.30.20.30
Working Cap
Days
191243246280284284298196200176101
Cash Conv.
Cycle
11912912312712213817211512210628

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 10.70%

Sales growth is growing at healthy rate in last 3 years 14.99%

Net Profit is growing at healthy rate in last 3 years 40.61%

Sales growth is good in last 4 quarters at 29.45%

No data to display

Latest Financials - Sarla Performance Fibers Ltd.

Standalone Consolidated
TTM EPS (₹) 6.2 6.7
TTM Sales (₹ Cr.) 426 427
BVPS (₹.) 60.5 55.6
Reserves (₹ Cr.) 497 456
P/BV 1.44 1.57
PE 13.99 13.04
From the Market
52 Week Low / High (₹) 47.87 / 118.00
All Time Low / High (₹) 0.08 / 118.00
Market Cap (₹ Cr.) 729
Equity (₹ Cr.) 8.4
Face Value (₹) 1
Industry PE 23.4

Management X-Ray of Sarla Perform. Fiber:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

Login/Register to view analysis.

Analyst's Notes

Key Ratios of Sarla Perform. Fiber

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales267243263272316298251429387382
Operating Expenses 222193205218269251196348330324
Manufacturing Costs48475050616961837177
Material Costs145117126138173139103209202200
Employee Cost 66910121311161618
Other Costs 23232021233021394129
Operating Profit 45505754474755815658
Operating Profit Margin (%) 16.9%20.6%21.9%19.8%14.8%15.8%21.8%18.8%14.6%15.2%
Other Income 1122172618181312920
Interest 55678117456
Depreciation 9101213141818192123
Exceptional Items 000000-24000
Profit Before Tax 42575659423718714049
Tax 131416191325181112
Profit After Tax 30434040303513532937
PAT Margin (%) 11.1%17.5%15.1%14.8%9.3%11.6%5.2%12.3%7.5%9.7%
Adjusted EPS (₹)3.65.14.84.83.54.11.66.33.54.5
Dividend Payout Ratio (%)23%21%23%23%31%0%0%32%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 192226266297321352366419431468
Share Capital 8888888888
Reserves 183218258288313344358410423460
Minority Interest0000000000
Debt11113212810414513511711489133
Long Term Debt1040463960663720023
Short Term Debt1019282648569809589110
Trade Payables771011141826423239
Others Liabilities 48658467738493746046
Total Liabilities 358431488479554589602649612687

Fixed Assets

Gross Block164201201214246276291294349357
Accumulated Depreciation6676122539577490111134
Net Fixed Assets98124188189208219216204237223
CWIP 000310101600
Investments 83333191910278113187256
Inventories49514242393857968571
Trade Receivables495165699098981016291
Cash Equivalents 86996942506895661410
Others Assets6873911151386357542836
Total Assets 358431488479554589602649612687

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity -64965341239433910632
PBT 42575659423718714049
Adjustment 5-611-452035132813
Changes in Working Capital -401110-9-26-8-2-2651-19
Tax Paid -12-13-11-13-8-9-7-19-12-11
Cash Flow From Investing Activity 3-40-4818-52-34-16-25-54-56
Capex -6-36-77-5-41-21-15-26-44-9
Net Investments 0-240-161-40-34-73-54
Others 10212939-12-8-235638
Cash Flow From Financing Activity 564-15-4431-4-24-20-5122
Net Proceeds from Shares 47000000000
Net Proceeds from Borrowing 005-112029-30-30-228
Interest Paid -5-5-5-6-7-9-6-4-5-6
Dividend Paid -5-13-2-9-4-400-170
Others 2022-13-1822-191214-721
Net Cash Flow 541328-923-61-1
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)18.8620.416.1314.329.5510.263.6113.456.788.26
ROCE (%)17.5618.0715.9116.3911.479.564.9313.998.29.72
Asset Turnover Ratio0.890.650.60.570.610.520.420.690.610.59
PAT to CFO Conversion(x)-0.21.141.630.850.41.113.310.743.660.86
Working Capital Days
Receivable Days7371768892114142847772
Inventory Days59716256474769658573
Payable Days20222428264378596765

Sarla Performance Fibers Ltd Stock News

Sarla Performance Fibers Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Sarla Perform. Fiber on 21-Nov-2024 16:59 is ₹86.98.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 16:59 the market cap of Sarla Perform. Fiber stood at ₹728.9.
The latest P/E ratio of Sarla Perform. Fiber as of 21-Nov-2024 16:59 is 13.99.
The latest P/B ratio of Sarla Perform. Fiber as of 21-Nov-2024 16:59 is 1.44.
The 52-week high of Sarla Perform. Fiber is ₹118.0 and the 52-week low is ₹47.87.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Sarla Perform. Fiber is ₹425.7 ( Cr.) .

About Sarla Performance Fibers Ltd

Sarla Performance Fibers, formerly Sarla Polyester Ltd, was started by Krishna Jhunjhunwala as a 100% Export Oriented Unit (EOU) manufacturing polyester, polyamide (nylon) texturised yarns & conventional/air covered Lycra/Spandex yarns in 1995. It is amongst the leading manufacturer-exporters from India, exporting their products around the globe. 

Spinning and weaving the entire world into their company. As an export oriented company, Sarla Performance Fibers has entered the following markets:

  • Middle East – Turkey, Jordan, Dubai, Egypt, Israel, Iran.
  • Europe – Italy, Spain, Portugal, Germany, UK, Sweden, Estonia, Ireland, Greece,   Romania, Bulgaria, Poland, Lithuania
  • USA 
  • Central America – Venezuela, Mexico, Honduras
  • South America – Brazil, Argentina, Chile
  • Africa – Morocco, Kenya, Madagascar, South Africa
  • Far East – Indonesia, China
  • Neighbouring countries – Bangladesh, Srilanka. 

In order to cater the market in central America they have set up a manufacturing plant in Honduras under the name of Savitex (A joint venture)

The group Companies:

Savitex- Savitex is joint venture between Sarla Performance Fibers and its Canadian Distributors Viafil. It is a vertically integrated one-of-its-kind sewing thread operation in the world. Having its manufacturing base in central America it fulfills the recently introduced Cafta criteria.  All garment majors like Hanes, Fruit of the Loom, Gildan, Russel, Delta Apparel, etc have huge garment manufacturing facilities in this region and can avail of prompt service and delivery for all their thread needs from Savitex.

Zabatex India - Zabatex India is a joint venture between a Canadian company Zabatex Inc and the promoters of Sarla Performance Fibers which manufactures the following

  •  Knitted elastics for apparel & industrial applications
  •  Woven elastics for sportswear, lightweight industrial, and select apparel applications
  • Narrow fabrics for swim wear, apparel, & select industrial applications

Sarla Performance Fibers specializes in yarn for narrow fabrics and hence Zabatex India has practically in-house availability of this essential raw material to provide all kinds of quality narrow fabrics /elastics to garment manufacturers worldwide

Product range of the company includes:

  • Polyester Textured Yarn
  • Polyamide 6 and 66 yarn (Nylon) 
  • Polyester Sewing Thread
  • Covered Yarn
  • High Tenacity yarn
Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.