BSE: 521234 | NSE: | Textile - Spinning | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Sri Nachammai Cotton Mills Ltd is a average quality company.
The key valuation ratios of Sri Nachammai Cotton Mills Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Sri Nachammai Cotton Mills 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.
| Jun'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 6.8% | 2.5% | 7.2% | 6.6% | 6.9% | 6.3% | 7.1% | 14.4% | -1.2% | -3.7% | - |
| Value Creation Index ⓘ | -0.5 | -0.8 | -0.5 | -0.5 | -0.5 | -0.6 | -0.5 | 0.0 | -1.1 | -1.3 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 162 | 151 | 168 | 157 | 160 | 144 | 158 | 204 | 117 | 66.4 | 63 |
| Sales YoY Gr. | - | -6.7% | 11.2% | -6.6% | 1.6% | -10.1% | 9.7% | 29.7% | -42.7% | -43.4% | - |
| Adj EPS ⓘ | -1.7 | -5.6 | 1.6 | 1.7 | 0.6 | -2.4 | 1.3 | 13.8 | -7.7 | -11.1 | -6 |
| YoY Gr. | - | NA | NA | 10.3% | -66.7% | -521.1% | NA | 982.7% | -156.3% | NA | - |
| BVPS (₹) ⓘ | 7.6 | 3.7 | 4.4 | 52 | 52.4 | 49.7 | 51 | 64 | 56.1 | 45.1 | 41.6 |
| Adj Net Profit ⓘ | -0.7 | -2.4 | 0.7 | 0.7 | 0.2 | -1 | 0.6 | 5.9 | -3.3 | -4.8 | -3 |
| Cash Flow from Ops. ⓘ | 4.7 | 9.7 | 10 | -0.5 | 7.1 | 1.2 | 8.8 | 6.7 | 25.8 | 10.3 | - |
| Debt/CF from Ops. ⓘ | 14.4 | 8.9 | 6 | -145.3 | 9 | 56.3 | 7.5 | 10.1 | 1.8 | 3.9 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -9.5% | -16.1% | -25.1% | -43.4% | ||||
| Adj EPS ⓘ | NA | -281.2% | -306.2% | NA | ||||
| BVPSⓘ | 21.8% | -2.9% | -4% | -19.6% | ||||
| Share Price | 13% | 28.4% | -0.5% | 4.6% | ||||
Performance Ratio Colour Code Guide ⓘ
| Jun'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -3.7 | -10.5 | 4 | 3.8 | 1.1 | -4.7 | 2.5 | 24 | -12.9 | -22.1 | -13.8 |
| Op. Profit Mgn % ⓘ | 5.9 | 4.7 | 5.4 | 4.1 | 3.8 | 4.7 | 4.2 | 6.8 | -0.9 | -3.6 | 0.7 |
| Net Profit Mgn % ⓘ | -0.4 | -1.6 | 0.4 | 0.5 | 0.2 | -0.7 | 0.4 | 2.9 | -2.8 | -7.2 | -4.1 |
| Debt to Equity ⓘ | 3.7 | 4 | 3.6 | 2.9 | 2.9 | 3.1 | 3 | 2.5 | 2 | 2.1 | 1.5 |
| Working Cap Days ⓘ | 166 | 227 | 148 | 173 | 191 | 224 | 208 | 165 | 247 | 309 | 116 |
| Cash Conv. Cycle ⓘ | 131 | 193 | 131 | 152 | 164 | 191 | 166 | 140 | 221 | 274 | 57 |
No data to display
Return on Equity is Poor
Sales growth has been subdued in last 3 years -25.05%
Debt to equity has increased versus last 3 years average to 2.05
Sales growth is not so good in last 4 quarters at -16.89%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -6 | - |
| TTM Sales (₹ Cr.) | 62.7 | - |
| BVPS (₹.) ⓘ | 41.6 | - |
| Reserves (₹ Cr.) ⓘ | 14 | - |
| P/BV ⓘ | 0.88 | - |
| PE ⓘ | 0.00 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 27.97 / 55.00 |
| All Time Low / High (₹) | 3.00 / 71.00 |
| Market Cap (₹ Cr.) | 15.7 |
| Equity (₹ Cr.) | 4.3 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 29.1 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Jun'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 162.22 | 113.55 | 168.42 | 157.31 | 159.86 | 143.66 | 157.61 | 204.48 | 117.21 | 66.36 |
| Operating Expenses ⓘ | 153.45 | 108.69 | 159.30 | 150.86 | 153.91 | 136.96 | 150.96 | 190.59 | 118.25 | 68.75 |
| Manufacturing Costs | 35.98 | 24.70 | 31.10 | 30.62 | 35.50 | 28.79 | 25.58 | 41.70 | 21.09 | 9.55 |
| Material Costs | 98.11 | 70.70 | 110.32 | 103.59 | 102.62 | 93.48 | 112 | 129.22 | 84.38 | 52.17 |
| Employee Cost | 13.57 | 9.65 | 12.77 | 13.36 | 12.70 | 12.16 | 10.45 | 14.16 | 8.58 | 5.04 |
| Other Costs ⓘ | 5.79 | 3.64 | 5.11 | 3.28 | 3.09 | 2.53 | 2.93 | 5.51 | 4.21 | 1.99 |
| Operating Profit ⓘ | 8.77 | 4.85 | 9.12 | 6.46 | 5.96 | 6.70 | 6.65 | 13.89 | -1.04 | -2.39 |
| Operating Profit Margin (%) | 5.4% | 4.3% | 5.4% | 4.1% | 3.7% | 4.7% | 4.2% | 6.8% | -0.9% | -3.6% |
| Other Income ⓘ | 1.61 | 0.21 | 0.91 | 1.45 | 1.31 | 1.20 | 1.63 | 1.05 | 1.48 | 1.15 |
| Interest ⓘ | 6.81 | 4.39 | 5.05 | 4.69 | 5.32 | 6.77 | 5.53 | 5.27 | 4.35 | 3.62 |
| Depreciation ⓘ | 4.18 | 3.01 | 4.36 | 2.51 | 1.26 | 2.40 | 2.04 | 1.77 | 1.42 | 1.15 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | -0.61 | -2.34 | 0.63 | 0.71 | 0.68 | -1.27 | 0.70 | 7.89 | -5.33 | -6.01 |
| Tax ⓘ | -0.16 | -0.24 | -0.07 | 0 | 0.55 | -0.30 | 0.17 | 2 | -2.01 | -1.22 |
| Profit After Tax | -0.44 | -2.10 | 0.70 | 0.71 | 0.13 | -0.97 | 0.53 | 5.89 | -3.33 | -4.79 |
| PAT Margin (%) | -0.3% | -1.8% | 0.4% | 0.5% | 0.1% | -0.7% | 0.3% | 2.9% | -2.8% | -7.2% |
| Adjusted EPS (₹) | -1.0 | -4.9 | 1.6 | 1.7 | 0.3 | -2.3 | 1.3 | 13.7 | -7.8 | -11.2 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Jun'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 18.27 | 16.18 | 16.87 | 22.31 | 22.45 | 21.29 | 21.86 | 27.42 | 24.06 | 19.34 |
| Share Capital ⓘ | 19.29 | 19.29 | 19.29 | 4.29 | 4.29 | 4.29 | 4.29 | 4.29 | 4.29 | 4.29 |
| Reserves ⓘ | -1.01 | -3.11 | -2.41 | 18.02 | 18.16 | 17 | 17.58 | 23.13 | 19.78 | 15.05 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 64.33 | 61.70 | 58.08 | 63.10 | 62.11 | 65.94 | 65.62 | 67.20 | 47.07 | 39.64 |
| Long Term Debt | 28.02 | 28.92 | 29.43 | 18.61 | 15.21 | 18.01 | 22.01 | 22.01 | 22.93 | 21.56 |
| Short Term Debt | 36.31 | 32.79 | 28.65 | 44.49 | 46.90 | 47.92 | 43.61 | 45.19 | 24.13 | 18.08 |
| Trade Payables | 4.69 | 3.75 | 2.96 | 7.69 | 10.92 | 9.86 | 11.31 | 2.38 | 1.26 | 1.57 |
| Others Liabilities ⓘ | 4.72 | 3.57 | 5.08 | 19.52 | 25.03 | 24.97 | 25.92 | 34.25 | 29.53 | 24.73 |
| Total Liabilities ⓘ | 92.01 | 85.20 | 83 | 112.62 | 120.50 | 122.05 | 124.72 | 131.25 | 101.92 | 85.28 |
Fixed Assets | ||||||||||
| Gross Block | 76.87 | 77.73 | 78.18 | 36.44 | 38.94 | 39.54 | 41.28 | 45.84 | 50.65 | 50.90 |
| Accumulated Depreciation | 60.06 | 63.07 | 66.70 | 7.07 | 8.33 | 9.42 | 10.39 | 11.88 | 13.30 | 14.45 |
| Net Fixed Assetsⓘ | 16.81 | 14.66 | 11.48 | 29.37 | 30.61 | 30.12 | 30.89 | 33.96 | 37.35 | 36.45 |
| CWIP ⓘ | 0.82 | 0.42 | 0.05 | 0 | 0 | 0 | 0.29 | 0.08 | 0 | 0 |
| Investmentsⓘ | 0.10 | 0.10 | 0.10 | 0.72 | 0.65 | 0.64 | 0.65 | 0.65 | 0.42 | 0.33 |
| Inventories | 49.83 | 47.35 | 45.85 | 56.47 | 66.73 | 72.21 | 74.70 | 72.44 | 50.64 | 38.20 |
| Trade Receivables | 15.28 | 16.84 | 18.71 | 20.66 | 17.61 | 14.71 | 9.75 | 14.26 | 7.67 | 6.16 |
| Cash Equivalents | 1.52 | 1.73 | 2.91 | 2.29 | 2.10 | 1.82 | 2.44 | 2.02 | 0.14 | 0.07 |
| Others Assetsⓘ | 7.66 | 4.11 | 3.90 | 3.10 | 2.79 | 2.56 | 6 | 7.83 | 5.72 | 4.06 |
| Total Assets ⓘ | 92.01 | 85.20 | 83 | 112.62 | 120.50 | 122.05 | 124.72 | 131.25 | 101.92 | 85.28 |
| PARTICULARS | Jun'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 4.69 | 7.25 | 9.96 | -0.45 | 7.14 | 1.19 | 8.82 | 6.71 | 25.76 | 10.29 |
| PBT ⓘ | -0.61 | -2.34 | 0.63 | 0.71 | 0.68 | -1.27 | 0.70 | 7.89 | -5.33 | -6.01 |
| Adjustment ⓘ | 9.45 | 6.96 | 8.69 | 5.99 | 5.18 | 7.61 | 5.83 | 5.59 | 4.14 | 3.53 |
| Changes in Working Capital ⓘ | -4.16 | 2.59 | 0.72 | -7.14 | 1.3 | -5.11 | 2.31 | -5.48 | 26.84 | 12.71 |
| Tax Paid ⓘ | 0.01 | 0.04 | -0.08 | -0.01 | -0.01 | -0.04 | -0.03 | -1.30 | 0.12 | 0.06 |
| Cash Flow From Investing Activity ⓘ | 0.51 | -0.37 | -0.64 | -0.17 | -1.42 | 2.40 | -2.56 | -3.76 | -1.24 | 1 |
| Capex | -0.33 | -0.46 | -0.76 | -0.29 | -2.50 | 1.12 | -3.43 | -4.69 | -4.72 | -0.26 |
| Net Investments | 0.40 | 0 | 0 | -0.88 | 0.05 | 0.25 | -0.17 | -0.09 | 2.14 | 0.18 |
| Others ⓘ | 0.44 | 0.09 | 0.12 | 1 | 1.03 | 1.03 | 1.03 | 1.02 | 1.34 | 1.08 |
| Cash Flow From Financing Activityⓘ | -12.88 | -6.67 | -8.13 | -0.20 | -5.92 | -3.62 | -5.80 | -3.45 | -24.51 | -11.26 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -0.44 | 0.90 | 0.51 | -11.53 | -3.40 | 2.81 | 4 | 0 | 0.92 | -1.37 |
| Interest Paid ⓘ | -6.59 | -4.04 | -4.52 | -4.51 | -4.92 | -6.17 | -5.11 | -4.74 | -4.07 | -3.47 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -5.85 | -3.53 | -4.13 | 15.84 | 2.41 | -0.25 | -4.68 | 1.29 | -21.35 | -6.42 |
| Net Cash Flow ⓘ | -7.69 | 0.21 | 1.18 | -0.82 | -0.20 | -0.03 | 0.46 | -0.50 | 0.02 | 0.03 |
| PARTICULARS | Jun'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -10.17 | -94.18 | 45.67 | 5.88 | 0.56 | -4.44 | 2.47 | 23.9 | -12.92 | -22.07 |
| ROCE (%) | 6.84 | 2.47 | 7.21 | 6.57 | 6.91 | 6.3 | 7.08 | 14.35 | -1.18 | -3.66 |
| Asset Turnover Ratio | 1.63 | 1.28 | 2 | 1.61 | 1.37 | 1.18 | 1.28 | 1.6 | 1.01 | 0.71 |
| PAT to CFO Conversion(x) | N/A | N/A | 14.23 | -0.63 | 54.92 | N/A | 16.64 | 1.14 | N/A | N/A | Working Capital Days |
| Receivable Days | 32 | 52 | 39 | 46 | 44 | 41 | 28 | 21 | 34 | 38 |
| Inventory Days | 113 | 156 | 101 | 119 | 141 | 177 | 170 | 131 | 192 | 244 |
| Payable Days | 24 | 22 | 11 | 19 | 33 | 41 | 34 | 19 | 8 | 10 |
Sri Nachammai Cotton Mills Limited (SNCM) was incorporated in March 1980 as a wholly owned subsidiary of 'The Jawahar Mills Limited'. The assets of the Chettinad unit of the Jawahar Mills Limited, were transferred to SNCM in May 1980. A transfer deed for the transfer was executed and registered in March 1982. It ceased to be a subsidiary of The Jawahar Mills Limited with the allotment of the said 46,000 shares on 9.8.1982. In September 1984, the company issued 50,000 equity shares of Rs.10 each for cash at par to the existing shareholders as right shares. Since then, the company has made five bonus issues.
The company has been expanding and modernizing its plant over the years. All expansions and modernisation schemes completed so far has been funded from internal accruals and Long-term borrowings. It has expanded its spindlage from 16,120 spindles in 1980 to the present level of 43,448 spindles and 504 rotors.
The company's spinning mills are situated at Chettinad, Sivaganga district. The company has two units there. The company has taken another unit called 'C' Unit from M/s Supreme Yarn Spinners Limited, on lease from 5.5.1995, situated at Veeranam village, Salem. The company manufactures combed and carded cotton hosiery and hank yarn of counts ranging from 10s to 40s which are used by manufacturers to convert the same into fabric or garments for dyeing and export.
The company has issued 11,10,000 equity shares of Rs.10/- each at a premium of Rs.60 per share to the public in 1995.
The company has attained a sound financial footing with its good performance over years and is surging ahead towards better prospects every year.
Product manufactured by the company:
The company is a manufacturer of Combed and Carded Cotton Hosiery Yarn.
Achievements/ recognition
Sri Nachammai Cotton Mills Ltd ranked 900th in the BS 1000 listing of top Indian companies in terms of sales in 2002-2003.
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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