Is Salona Cotspin a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Salona Cotspin Ltd is a below average quality company .

Is Salona Cotspin undervalued or overvalued?

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

What is Salona Cotspin share price return in the past 10 years?

Salona Cotspin Ltd share price has appreciated 26.6% annually (CAGR) over the past ten years.

Is Salona Cotspin a good buy now?

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

Salona Cotspin Ltd - Stock Valuation and Financial Performance

Name: Salona Cotspin
Brand: Salona Cotspin

BSE: 590056 | NSE: SALONA | Textile - Spinning | Small Cap

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Salona Cotspin Share Price

₹300.65 -8.25 -2.67%
as on 21-Nov'24 16:59

10 Year X-Ray of Salona Cotspin:

Analysis of Financial Track Record

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

Standalone Basis ^P Consolidated Basis

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

Value Creation ⓘ

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	772
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	12.1
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	155.8
Adj Net Profit ⓘ	5.7	2.1	2.3	3.3	2.5	1.6	1.2	6.6	19.9	17.6	6
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 ⓘ

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	26.6%	35.8%	14.1%	2.6%

Key Financial Parameters ⓘ

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	8.1
Op. Profit Mgn % ⓘ	15.5	9.4	8.7	7.1	8.7	7.6	7	6.7	5.8	7.2	4.2
Net Profit Mgn % ⓘ	5.3	2	2.3	2.8	2.3	1.2	1	2.9	3.1	3.6	0.8
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	58
Cash Conv. Cycle ⓘ	96	101	113	121	160	137	140	96	62	109	12

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 58.69%

Net Profit is growing at healthy rate in last 3 years 146.57%

Sales growth is good in last 4 quarters at 74.48%

Return on Equity has declined versus last 3 years average to 8.10%

Debt to equity has increased versus last 3 years average to 2.12

Latest Financials - Salona Cotspin Ltd.

	Standalone	Consolidated
TTM EPS (₹)	12.1	-
TTM Sales (₹ Cr.)	772	-
BVPS (₹.) ⓘ	155.8	-
Reserves (₹ Cr.) ⓘ	77	-
P/BV ⓘ	1.93	-
PE ⓘ	24.92	-

From the Market
52 Week Low / High (₹)	250.00 / 383.00
All Time Low / High (₹)	6.37 / 383.00
Market Cap (₹ Cr.)	158
Equity (₹ Cr.)	5.3
Face Value (₹)	10
Industry PE ⓘ	26.4

Management X-Ray of Salona Cotspin:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.14

0.00

0.70

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

Valuation of Salona Cotspin

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Salona Cotspin

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

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%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

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

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

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

Finance Ratio

Standalone Basis Consolidated Basis

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 Ltd Stock News

Salona Cotspin Ltd FAQs

What is the share price of Salona Cotspin?

Company share prices are keep on changing according to the market conditions. The closing price of Salona Cotspin on 21-Nov-2024 16:59 is ₹300.6.

What is the market cap of Salona Cotspin?

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 Salona Cotspin stood at ₹158.2.

What is the P/E ratio of Salona Cotspin?

The latest P/E ratio of Salona Cotspin as of 21-Nov-2024 16:59 is 24.92.

What is the P/B ratio of Salona Cotspin?

The latest P/B ratio of Salona Cotspin as of 21-Nov-2024 16:59 is 1.93.

What is the 52-week high and low of Salona Cotspin?

The 52-week high of Salona Cotspin is ₹383.0 and the 52-week low is ₹250.0.

What is the TTM revenue of Salona Cotspin?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Salona Cotspin is ₹771.7 ( Cr.) .

About Salona Cotspin Ltd

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: