BSE: 521180 | NSE: SUPERSPIN | Textile - Spinning | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Super Spinning Mills Ltd is a below average quality company.
The key valuation ratios of Super Spinning 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 Super Spinning 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.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 3.4% | 7.9% | 3.6% | -2.9% | -0.4% | -0.9% | 6.4% | 8.5% | 3.3% | 1.7% | - |
| Value Creation Index ⓘ | -0.8 | -0.4 | -0.7 | -1.2 | -1.0 | -1.1 | -0.5 | -0.4 | -0.8 | -0.9 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 441 | 348 | 294 | 261 | 208 | 149 | 48.9 | 93.5 | 5.6 | 7 | 7 |
| Sales YoY Gr. | - | -20.9% | -15.6% | -11.3% | -20.2% | -28.2% | -67.3% | 91.2% | -94.1% | 25.2% | - |
| Adj EPS ⓘ | -2.5 | -3.1 | -3.9 | -4.1 | -3.5 | -3 | -1.1 | -0.5 | 0.5 | -0.9 | -1.2 |
| YoY Gr. | - | NA | NA | NA | NA | NA | NA | NA | NA | -276% | - |
| BVPS (₹) ⓘ | 11 | 10 | 30.2 | 24.5 | 22.8 | 20.6 | 18.8 | 19.9 | 16.3 | 13 | 12.9 |
| Adj Net Profit ⓘ | -13.9 | -17 | -21.4 | -22.7 | -19.3 | -16.3 | -6.2 | -2.6 | 2.8 | -4.8 | -7 |
| Cash Flow from Ops. ⓘ | 40 | 4.2 | 23.1 | 28.8 | 23.6 | 11.2 | -13.5 | -23 | -9.3 | 3.8 | - |
| Debt/CF from Ops. ⓘ | 3.1 | 26.4 | 3.8 | 2.5 | 2.2 | 3.3 | -2.4 | -1.5 | -4.4 | 6.7 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -36.9% | -49.3% | -47.8% | 25.2% | ||||
| Adj EPS ⓘ | NA | NA | NA | -276% | ||||
| BVPSⓘ | 1.9% | -10.6% | -11.6% | -20.2% | ||||
| Share Price | 5.5% | 28.2% | 6.6% | 65.3% | ||||
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 % ⓘ | -20.8 | -29.4 | -19.4 | -15.1 | -14.8 | -13.7 | -5.7 | -2.4 | 2.8 | -6 | -9.6 |
| Op. Profit Mgn % ⓘ | 3 | 1.8 | 1 | -1.5 | -2.4 | -3.5 | 3.1 | 9.7 | 97.2 | 82.6 | 86 |
| Net Profit Mgn % ⓘ | -3.2 | -4.9 | -7.3 | -8.7 | -9.3 | -10.9 | -12.6 | -2.8 | 49.9 | -69.7 | -94.3 |
| Debt to Equity ⓘ | 2.1 | 2 | 0.5 | 0.5 | 0.4 | 0.3 | 0.3 | 0.3 | 0.5 | 0.4 | 0.2 |
| Working Cap Days ⓘ | 113 | 124 | 122 | 102 | 157 | 220 | 448 | 190 | 2,602 | 1,224 | 269 |
| Cash Conv. Cycle ⓘ | 35 | 23 | 8 | -26 | -49 | -91 | -197 | -10 | -5,405 | -686 | -233 |
No data to display
Return on Equity is Poor
Sales growth has been subdued in last 3 years -47.81%
Sales growth is not so good in last 4 quarters at 4.25%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -1.2 | -1.7 |
| TTM Sales (₹ Cr.) | 7.2 | 290 |
| BVPS (₹.) ⓘ | 12.9 | 0 |
| Reserves (₹ Cr.) ⓘ | 66 | 36 |
| P/BV ⓘ | 1.06 | 0.00 |
| PE ⓘ | 0.00 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 6.16 / 14.38 |
| All Time Low / High (₹) | 2.03 / 60.41 |
| Market Cap (₹ Cr.) | 75.4 |
| Equity (₹ Cr.) | 5.5 |
| Face Value (₹) | 1 |
| 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 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 440.50 | 348.29 | 294.07 | 260.88 | 208.12 | 149.46 | 48.88 | 93.45 | 5.55 | 6.95 |
| Operating Expenses ⓘ | 427.34 | 342.10 | 291.21 | 264.67 | 213.61 | 154.64 | 47.36 | 84.38 | 0.15 | 1.21 |
| Manufacturing Costs | 89.61 | 81.68 | 62.97 | 51.78 | 36.36 | 30.88 | 7.39 | 13.22 | 0.03 | 0.28 |
| Material Costs | 264 | 196.60 | 175.40 | 166.72 | 136.74 | 93.41 | 28.47 | 59.30 | 0 | 0 |
| Employee Cost | 53.31 | 47.98 | 39.94 | 35.33 | 33.15 | 24.88 | 8.52 | 9.56 | 0 | 0.56 |
| Other Costs ⓘ | 20.41 | 15.84 | 12.90 | 10.84 | 7.35 | 5.48 | 2.99 | 2.30 | 0.13 | 0.37 |
| Operating Profit ⓘ | 13.16 | 6.19 | 2.86 | -3.79 | -5.49 | -5.19 | 1.52 | 9.06 | 5.39 | 5.73 |
| Operating Profit Margin (%) | 3.0% | 1.8% | 1.0% | -1.5% | -2.6% | -3.5% | 3.1% | 9.7% | 97.2% | 82.6% |
| Other Income ⓘ | 5.85 | 1.98 | 12.73 | 2.74 | 1.50 | 0.59 | 5.42 | 0.85 | 0 | 0.12 |
| Interest ⓘ | 23.93 | 22.74 | 18.16 | 14.99 | 13.73 | 9.85 | 6.41 | 3.91 | 1.82 | 1.94 |
| Depreciation ⓘ | 10.37 | 9.95 | 7.97 | 5.55 | 4.09 | 3.90 | 3.08 | 2.87 | 0.81 | 1.24 |
| Exceptional Items ⓘ | -1.87 | 15.71 | 0 | 0 | 7.34 | 7.04 | 5.32 | 4.87 | 0 | -2.75 |
| Profit Before Tax ⓘ | -17.15 | -8.81 | -10.53 | -21.59 | -14.46 | -11.30 | 2.78 | 8 | 2.77 | -0.07 |
| Tax ⓘ | -5.41 | -2.99 | 2.44 | 0 | 0 | 0 | 5.20 | 7.16 | 0 | 6.69 |
| Profit After Tax | -11.74 | -5.82 | -12.97 | -21.59 | -14.46 | -11.30 | -2.42 | 0.84 | 2.77 | -6.76 |
| PAT Margin (%) | -2.7% | -1.7% | -4.4% | -8.3% | -6.9% | -7.6% | -5.0% | 0.9% | 49.9% | -97.4% |
| Adjusted EPS (₹) | -2.1 | -1.1 | -2.4 | -3.9 | -2.6 | -2.1 | -0.4 | 0.2 | 0.5 | -1.2 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 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 | 60.71 | 54.88 | 166.24 | 134.85 | 125.56 | 113.27 | 103.64 | 109.31 | 89.74 | 71.59 |
| Share Capital ⓘ | 5.50 | 5.50 | 5.50 | 5.50 | 5.50 | 5.50 | 5.50 | 5.50 | 5.50 | 5.50 |
| Reserves ⓘ | 55.21 | 49.38 | 160.74 | 129.35 | 120.06 | 107.77 | 98.14 | 103.81 | 84.24 | 66.09 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 116.43 | 97.09 | 73.75 | 65.06 | 44.12 | 35.68 | 30.72 | 31.47 | 37.34 | 22.75 |
| Long Term Debt | 39.68 | 30.67 | 16.61 | 8.56 | 1.80 | 0 | 22.62 | 19.80 | 22.01 | 16.05 |
| Short Term Debt | 76.76 | 66.42 | 57.14 | 56.51 | 42.33 | 35.68 | 8.10 | 11.67 | 15.32 | 6.71 |
| Trade Payables | 50.63 | 47.88 | 48.56 | 62.87 | 66.51 | 62.87 | 15.92 | 17.04 | 13.56 | 0.81 |
| Others Liabilities ⓘ | 16.47 | 13.79 | 27.40 | 30.01 | 64.66 | 19.19 | 31.95 | 6.67 | 9.71 | 12.28 |
| Total Liabilities ⓘ | 244.24 | 213.64 | 315.95 | 292.79 | 300.85 | 231 | 182.24 | 164.48 | 150.35 | 107.43 |
Fixed Assets | ||||||||||
| Gross Block | 405.50 | 331.02 | 222.42 | 210.03 | 419.12 | 363.17 | 226.12 | 220.19 | 190.39 | 10.15 |
| Accumulated Depreciation | 312.56 | 259.84 | 4.19 | -3.79 | 248.42 | 209.80 | 114.10 | 114.47 | 87.42 | 9.43 |
| Net Fixed Assetsⓘ | 92.94 | 71.18 | 218.23 | 213.82 | 170.70 | 153.37 | 112.02 | 105.71 | 102.97 | 0.72 |
| CWIP ⓘ | 0 | 0.01 | 0.01 | 0 | 0.13 | 0.01 | 0 | 0.66 | 0 | 0 |
| Investmentsⓘ | 27.31 | 27.16 | 14.21 | 14.21 | 13.79 | 13.79 | 13.79 | 13.27 | 4.04 | 0 |
| Inventories | 39.79 | 38.40 | 32.99 | 17.82 | 24.85 | 12.17 | 10.15 | 17.08 | 11.15 | 0 |
| Trade Receivables | 37.70 | 26.68 | 12 | 11.95 | 10.73 | 9.75 | 1.15 | 1.91 | 7.12 | 2.15 |
| Cash Equivalents | 1.31 | 0.67 | 1.47 | 1.58 | 0.15 | 0.10 | 0.03 | 3.67 | 2.98 | 8.62 |
| Others Assetsⓘ | 45.19 | 49.56 | 37.04 | 33.41 | 80.49 | 41.80 | 45.08 | 22.18 | 22.08 | 95.93 |
| Total Assets ⓘ | 244.24 | 213.64 | 315.95 | 292.79 | 300.85 | 231 | 182.24 | 164.48 | 150.35 | 107.43 |
| 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 ⓘ | 39.97 | 4.23 | 23.08 | 28.79 | 23.64 | 11.21 | -13.51 | -23.01 | -9.31 | 3.76 |
| PBT ⓘ | -17.15 | -24.76 | -10.53 | -21.59 | -16.03 | -11.30 | -2.69 | 8 | -18.10 | -11.24 |
| Adjustment ⓘ | 28.47 | 29.19 | 12.56 | 17.67 | 8.06 | 5.36 | 3.29 | 1.75 | 10.33 | 3.13 |
| Changes in Working Capital ⓘ | 30.76 | -0.2 | 21.06 | 32.75 | 31.6 | 17.15 | -14.11 | -30.9 | -0.89 | 3.45 |
| Tax Paid ⓘ | -2.10 | 0 | 0 | -0.04 | 0 | 0 | 0 | -1.87 | -0.65 | 8.41 |
| Cash Flow From Investing Activity ⓘ | -4.25 | 29.47 | 15.41 | -0.09 | 9.92 | 11.71 | 23.22 | 26.89 | 5.58 | 20.60 |
| Capex | -4.89 | 28.69 | 14.69 | 0.16 | 9.18 | 11.41 | 23 | 26.77 | 5.51 | 20.52 |
| Net Investments | 0 | 0.15 | 0.22 | 0.06 | 0.41 | 0 | 0 | 0 | 0 | -0.12 |
| Others ⓘ | 0.64 | 0.63 | 0.51 | -0.32 | 0.33 | 0.30 | 0.22 | 0.13 | 0.07 | 0.21 |
| Cash Flow From Financing Activityⓘ | -36.62 | -34.24 | -37.89 | -28.60 | -34.99 | -22.97 | -9.78 | -1.38 | 3.03 | -18.84 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 9.19 | -3.02 | -14.69 | -13.93 | -8.22 | -7.65 | 24.03 | -2.09 | 2.21 | -5.96 |
| Interest Paid ⓘ | -22.49 | -20.88 | -17.52 | -14.03 | -12.60 | -8.67 | -6.23 | -3.87 | -3.27 | -2.84 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -23.33 | -10.34 | -5.68 | -0.63 | -14.18 | -6.65 | -27.58 | 4.59 | 4.09 | -10.03 |
| Net Cash Flow ⓘ | -0.90 | -0.54 | 0.61 | 0.11 | -1.43 | -0.05 | -0.07 | 2.51 | -0.69 | 5.53 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -17.52 | -10.07 | -11.73 | -14.34 | -11.11 | -9.47 | -2.23 | 0.78 | 2.78 | -8.38 |
| ROCE (%) | 3.4 | 7.9 | 3.63 | -2.86 | -0.38 | -0.89 | 6.41 | 8.49 | 3.33 | 1.65 |
| Asset Turnover Ratio | 1.7 | 1.52 | 1.11 | 0.86 | 0.7 | 0.56 | 0.24 | 0.54 | 0.04 | 0.05 |
| PAT to CFO Conversion(x) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -27.39 | -3.36 | N/A | Working Capital Days |
| Receivable Days | 34 | 34 | 24 | 17 | 20 | 25 | 41 | 6 | 297 | 244 |
| Inventory Days | 42 | 41 | 44 | 36 | 37 | 45 | 83 | 53 | 929 | 0 |
| Payable Days | 67 | 91 | 100 | 122 | 173 | 253 | 505 | 101 | 0 | 0 |
Super Spinning Mills Limited, a Sara Elgi Group company was established in 1962 with an initial capacity of 12,000 spindles. Over its four decades of chequered growth it has expanded to 1,30,000 spindles spread over three operational units. The company commenced operations with the manufacture of grey, gassed, mercerised and dyed cotton yarn. Today, the company has carved a niche for itself on the textile map of the country
Sara Elgi is a multi-unit, multi-interest business group with a wide range of industrial activity, an organisation that has founded its evolution on value-based commercial practice. Each company in the group specializes in a specific area, thus enabling it to better meet the diverse needs of the industry. The companies are focused on meeting their customer's individual needs.
In modern fashion technology, the demand for perfection begins right at the birth of the raw material, permeates through every single process, till the highly discerning customer dons the finished garment. It is this demand for perfection that has spurred the growth of an organisation and its corporate philosophy.
Those who can furnish clients with the best quality, competitive price, excellent customer services and prompt delivery can only survive in the market. Super Spinning Mills Limited takes immense pride in perceiving its role as the comprehensive architect of every single yarn and garment that its produces.
Constant commitment to high quality standards and innovation has been the secret of success ever since the company was founded. Superior Spinning units ensure the supply of consistent quality yarn to manufacture the garments. The spinning units lead the quality of yarn in the market. Ultimately, the crunch lies in the infusion of hi-tech, state-of-the-art machinery that aids in the production of high quality 100% combed yarn, in counts that range from NE 20s to 120s in single and doubles.
Product range of the company includes:
To meet out the customer requirements it has various options in raw materials :
Achievements/ recognition
Certification:
Awards
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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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