Sumeet Industries Ltd - Stock Valuation and Financial Performance

BSE: 514211 | NSE: SUMEETINDS | Textile - Spinning | Small Cap

Sumeet Inds Share Price

4.83 0.00 0.00%
as on 17-Oct'24 16:01

DeciZen - make an informed investing decision on Sumeet Inds

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Sumeet Industries stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
2.5 Cr.
52-wk low:
1.9
52-wk high:
5.4

Is Sumeet Industries Ltd an attractive stock to invest in?

1. Is Sumeet Industries Ltd a good quality company?

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

2. Is Sumeet Industries Ltd undervalued or overvalued?

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

3. Is Sumeet Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Sumeet Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Sumeet Inds:

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.
Sumeet Industries 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 % 8.8%10.2%13.9%5.6%-9.1%-2%-1.6%4.5%-12.7%-17.8%-
Value Creation
Index
-0.4-0.30.0-0.6-1.7-1.1-1.1-0.7NANA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 9311,0521,1981,0478327075748941,0339851,007
Sales YoY Gr.-13%13.8%-12.6%-20.5%-15.1%-18.8%55.7%15.6%-4.7%-
Adj EPS 2.934.5-0.6-7.3-4.2-0.50.2-6.4-5.7-98.3
YoY Gr.-5.2%50%-113.9%NANANANA-3835.3%NA-
BVPS (₹) 2830.835.932.87.22.72.12.5-3.2-8.9-9.7
Adj Net
Profit
22.523.635.5-6.5-75.2-43.7-51.7-65.8-59-52
Cash Flow from Ops. 62.811.358.44.4-77.389.520.8637815.8-
Debt/CF from Ops. 740.88.196.3-6.7625.27.75.426.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 0.6%3.4%19.7%-4.7%
Adj EPS -207.9%NANANA
BVPS-188%-204.4%-262.3%NA
Share Price -7.4% 19.5% -18.5% 9.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
9.89.312.8-2.1-36.3-85.3-207.21866.994.51058.9
Op. Profit
Mgn %
8.599.78.14.94.34.73.8-3.8-4.1-1.7
Net Profit
Mgn %
2.42.33-0.6-9-6.2-0.90.2-6.4-6-5.1
Debt to
Equity
1.91.71.71.3719.124.418.9-12.8-4.5-
Working Cap
Days
1401391291682032012441581169643
Cash Conv.
Cycle
67697611111797134916854-38

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 19.73%

Return on Equity has declined versus last 3 years average to 1.00%

Sales growth is not so good in last 4 quarters at 2.23%

Latest Financials - Sumeet Industries Ltd.

Standalone Consolidated
TTM EPS (₹) -98.3 -98.3
TTM Sales (₹ Cr.) 1,007 1,007
BVPS (₹.) -9.7 -17.7
Reserves (₹ Cr.) -204 -287
P/BV -0.50 -0.27
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 1.90 / 5.36
All Time Low / High (₹) 0.54 / 34.35
Market Cap (₹ Cr.) 2.5
Equity (₹ Cr.) 5.3
Face Value (₹) 10
Industry PE 26.7

Management X-Ray of Sumeet Inds:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.0019.840.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Sumeet Inds

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
Sales931.031,052.481,198.021,047.25832.32706.94573.87893.501,033.12984.86
Operating Expenses 857.69967.861,081.85962.05792.58682.21549.86859.211,072.551,025.25
Manufacturing Costs123.58116.96109.30121.08118.71111.15104.51146.55155.65146.21
Material Costs707.44812939.97800.41639.34533.60411.23661.69878.45837.78
Employee Cost 12.0612.7916.3522.3121.2622.1018.7824.4225.2628.37
Other Costs 14.6226.1116.2418.2413.2615.3615.3526.5413.1912.88
Operating Profit 73.3584.62116.1785.2039.7424.7324.0134.29-39.43-40.39
Operating Profit Margin (%) 7.9%8.0%9.7%8.1%4.8%3.5%4.2%3.8%-3.8%-4.1%
Other Income 6.697.247.309.533.033.822.902110.230.85
Interest 35.3643.4248.2249.1861.9141.393.1726.557.060.02
Depreciation 19.6620.0620.3952.5246.5940.2335.8031.4127.4923.91
Exceptional Items 0000-58.2200-0.04-0.020
Profit Before Tax 25.0228.3854.85-6.98-123.95-53.07-12.06-2.70-63.77-63.47
Tax 6.5611.5418.12-3.73-7.40-6.56-4.98-5.71-5.05-4.46
Profit After Tax 18.4616.8436.73-3.25-116.55-46.51-7.083.01-58.72-59.01
PAT Margin (%) 2.0%1.6%3.1%-0.3%-14.0%-6.6%-1.2%0.3%-5.7%-6.0%
Adjusted EPS (₹)2.42.24.7-0.3-11.3-4.5-0.70.3-5.7-5.7
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%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 239.35271.22281.66339.4974.2128.1921.5725.74-32.78-92.17
Share Capital 78.0488.0458.0482.91103.64103.64103.64103.64103.64103.64
Reserves 161.32183.18223.62256.58-29.43-75.46-82.07-77.91-136.42-195.81
Minority Interest0000000000
Debt441.75461.38419.46385.90484.01422.26404.22372.07360.49360.49
Long Term Debt172.91179.51171.44130.11116.4239.6531.9446.4641.2441.24
Short Term Debt268.84281.87248.02255.79367.59382.62372.28325.60319.25319.24
Trade Payables124.71114.2461.0183.9174.8050.9643.7157.1846.3660.73
Others Liabilities 78.9589.89164.92141.49120.77181.71182168.95108125.84
Total Liabilities 884.77936.73927.04950.79753.79683.12651.50623.93482.07454.90

Fixed Assets

Gross Block559.12561.20573.10432.06427.41584.05585.68586.03586.79586.80
Accumulated Depreciation133.31150.71171.1072.90117.66308.12343.88374.50401.93425.83
Net Fixed Assets425.80410.49402359.16309.75275.93241.79211.52184.86160.96
CWIP 03.990.011.11000000
Investments 24.8025.9230.4332.4833.6226.5022.1422.8622.7822.80
Inventories188.56201.18214.61228.42169.65170.11163.38155.61102.99102.52
Trade Receivables142.60176.02154.90206.7987.3371.28108.44120.99104.7882.02
Cash Equivalents 30.6931.5036.6732.4711.180.510.830.314.6321.11
Others Assets72.3387.6388.4290.37142.26138.78114.92112.6462.0265.48
Total Assets 884.77936.73927.04950.79753.79683.12651.50623.93482.07454.90

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 62.7711.3158.404.40-77.2689.5220.836377.9515.76
PBT 25.0228.3855.48-5.59-124.07-53.20-11.60-2.40-63.55-63.84
Adjustment 45.2545.2945.9577.9292.3179.6239.1855.0233.2723.16
Changes in Working Capital 26.12-56.55-42.39-67.8-45.6563.1-6.7510.37108.2356.44
Tax Paid -6.12-5.81-0.65-0.140.1400000
Cash Flow From Investing Activity -21.20-16.58-2.55-6.734.93-0.272.42-0.15-0.780.72
Capex -14.91-5.74-11.90-1.503.04-6.41-1.66-1.18-0.86-0.01
Net Investments -9.13-1.130.52-8.72-1.143.151.10-0.720.08-0.02
Others 2.85-9.728.843.493.032.992.991.740.010.75
Cash Flow From Financing Activity -33.606.08-50.68-1.8751.04-99.92-22.93-63.37-72.850
Net Proceeds from Shares 05059.70000000
Net Proceeds from Borrowing -296.6000000000
Interest Paid 0-28.55-31.47-31.50-47.87-37.80-3.11-24.46-5.760
Dividend Paid 0000000000
Others -4.6023.03-19.21-30.0698.91-62.12-19.83-38.91-67.080
Net Cash Flow 7.970.815.17-4.20-21.29-10.670.32-0.534.3216.48
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)8.787.3114.05-1.05-56.35-90.84-28.4412.73N/AN/A
ROCE (%)8.7710.1613.855.56-9.14-2.01-1.594.51N/AN/A
Asset Turnover Ratio1.191.251.41.140.980.980.861.41.872.1
PAT to CFO Conversion(x)3.40.671.59N/AN/AN/AN/A20.93N/AN/A
Working Capital Days
Receivable Days46514662644157474035
Inventory Days676258768788106654638
Payable Days57543433454342282223

Sumeet Industries Ltd Stock News

Sumeet Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Sumeet Inds on 17-Oct-2024 16:01 is ₹4.83.
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 17-Oct-2024 16:01 the market cap of Sumeet Inds stood at ₹2.54.
The latest P/E ratio of Sumeet Inds as of 17-Oct-2024 16:01 is 0.00.
The latest P/B ratio of Sumeet Inds as of 17-Oct-2024 16:01 is -0.50.
The 52-week high of Sumeet Inds is ₹5.36 and the 52-week low is ₹1.90.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Sumeet Inds is ₹1,007 ( Cr.) .

About Sumeet Industries Ltd

Shankarlal Somani established Sumeet Industries Limited in 1989.  The company started as a yarn manufacturing unit and has now grown in a huge conglomerate with various businesses with an annual turn over of Rs. 1200 million ($ 27 million).

The company has been promoted by Shri Shankarlal Somani, Mahesh kumar Somani and Rajkumar Somani belonging to a reputed and well established business family hailing from Dist. Sikar of Rajasthan.

The company started its Polypropylene plant way back in 1992. The technology was imported from Neumag, Germany who is the pioneer in Polypropylene plant in the world. It produces dope dyed polypropylene yarn in which accuracy and uniformity of colour is guaranteed. Its products are marketed under brand name “SUMILON” and have an approximate market share of 20% in India.

The company started its polyester operations in 2004. We have installed new state of art automatic craft winder plant imported from Barmag, Germany, which is the most latest & cost efficient technology in the world. The initial capacity is 12500 M. Tones per annum, but it will be increased in near future. Company is importing PET chips or buying locally from suppliers of international repute. The spin finish oil is imported from Tako Moto, Japan.

It started its menthol operations in 2006. It has installed a capacity to produce 900 M. Tonnes of Peppermint oil & 300 M Tonnes Menthol Crystal (with/without Turpentine). The company is already in the process of installing huge capacities of Menthol Flakes & Menthol Crystals. The total plant is made up of stainless steel to avoid contamination in the product.

All the products manufactured or procured goes through various stringent tests to assure the quality & consistency of products.  their company believes in Quality, Customer & Commitment

Product range of the company includes:

  • PET  Chips
  • Polyester Yarn
  • Polypropylene Yarn
  • Woven Fabric
  • Menthol & Allied Products

Milestones:

  • 1988- Formation of Sumeet Industries Pvt. Ltd.
  • 1992 -Conversion from Private Limited To Public Limited
  • 1993 -Installed capacity of 1500 MT per annum of Polypropylene Multifilament Yarn.
  • 1995- Installed capacities of Texturising & Twisting of 1500 MT per annum for value addition
  • 1997- Increased the capacity of Polypropylene Multifilament Yarn to 4000 MT per annum.
  • 1999 -Increased the capacity of Texturising & Twisting to 3900 MT & 2000 MT respectively per annum.
  • 2004 -Installed coal based power plant of 2.5 MW for captive power generation.
  • 2005- Installed Polyester Spinning Plant to manufacture 10000 MT Polyester POY per annum.
  • 2006- Installed 60 Waterjet Looms to manufacture 4 million meters fabric per annum.
  • 2006- Installed Menthol Distilling & Crystallizing Capacities.
  • 2006- Expanded capacity of filament yarn by 10000 ton per annum by setting up a brand new POY plant supplied by Barmag, Germany.
  • 2007 -At present company has coal based power plant of 2.35 MW. Now with the help of Gujarat Gas Company we are looking forward to install gas based power plant. 

Achievements/ recognition:

  • The Company is an ISO 9001:2000 Certified Company
  • The Company is a Kosher Certified Company.
  • The company has been recognized as a Star Export House by The Government of India.
  • It has received award for Highest Export Performance in Polypropylene Yarn in 2001–02.
  • It has received Gold Trophy for Outstanding Export Performance for year 2001– 04 from SRTEPC.

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