Past 10 year’s financial track record analysis by Moneyworks4me indicates that Swaraj Suiting Ltd is a below average quality company.
The key valuation ratios of Swaraj Suiting 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 Swaraj Suiting 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'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 8.4% | 11.3% | 8.5% | 8.6% | 10.4% | 16.5% | - |
| Value Creation Index ⓘ | -0.4 | -0.2 | -0.4 | -0.4 | -0.3 | 0.2 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||
| Sales ⓘ | 55.9 | 58.2 | 59.9 | 129 | 219 | 320 | 320 |
| Sales YoY Gr. | - | 4.1% | 2.9% | 115.2% | 70.2% | 45.7% | - |
| Adj EPS ⓘ | 2.6 | 4.2 | 2.9 | 3.2 | 3.8 | 9.9 | 9.7 |
| YoY Gr. | - | 59.7% | -30.5% | 8.9% | 19.8% | 160.6% | - |
| BVPS (₹) ⓘ | 33.6 | 39.3 | 42.2 | 40.2 | 45.6 | 53.4 | 52.9 |
| Adj Net Profit ⓘ | 2 | 3.3 | 2.6 | 4.6 | 5.5 | 18.1 | 18 |
| Cash Flow from Ops. ⓘ | 13.6 | 7.2 | 5.6 | 15 | -15.3 | 44.9 | - |
| Debt/CF from Ops. ⓘ | 3.1 | 4.9 | 7.4 | 4.9 | -7.4 | 3.9 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | 41.7% | 74.8% | 45.7% | ||||
| Adj EPS ⓘ | NA | 30.4% | 50.4% | 160.6% | ||||
| BVPSⓘ | NA | 9.7% | 8.2% | 17.1% | ||||
| Share Price | - | - | - | 147.5% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 7.8 | 11.5 | 7.6 | 9.3 | 8.7 | 20.9 | 18.3 |
| Op. Profit Mgn % ⓘ | 21.4 | 22.5 | 16.4 | 10.4 | 10.7 | 12.4 | NAN |
| Net Profit Mgn % ⓘ | 3.7 | 5.6 | 4.4 | 3.6 | 2.5 | 5.7 | 5.7 |
| Debt to Equity ⓘ | 1.6 | 1.2 | 1.1 | 1.3 | 1.7 | 1.8 | - |
| Working Cap Days ⓘ | 0 | 207 | 274 | 155 | 166 | 197 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 127 | 169 | 107 | 100 | 95 | 0 |
Return on Equity has increased versus last 3 years average to 18.30%
Sales growth is growing at healthy rate in last 3 years 74.77%
Net Profit is growing at healthy rate in last 3 years 50.38%
Debt to equity has declined versus last 3 years average to 1.80
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 9.7 | 9.7 |
| TTM Sales (₹ Cr.) | 320 | 320 |
| BVPS (₹.) ⓘ | 52.9 | 52.9 |
| Reserves (₹ Cr.) ⓘ | 86 | 86 |
| P/BV ⓘ | 4.48 | 4.48 |
| PE ⓘ | 24.41 | 24.41 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 444 |
| Equity (₹ Cr.) | 18.7 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 26.8 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|
| Sales | 56 | 58 | 60 | 129 | 219 | 320 |
| Operating Expenses ⓘ | 44 | 45 | 50 | 115 | 196 | 280 |
| Manufacturing Costs | 13 | 12 | 7 | 11 | 25 | 37 |
| Material Costs | 25 | 28 | 38 | 97 | 155 | 225 |
| Employee Cost | 4 | 4 | 3 | 6 | 10 | 13 |
| Other Costs ⓘ | 1 | 1 | 1 | 1 | 6 | 5 |
| Operating Profit ⓘ | 12 | 13 | 10 | 13 | 23 | 40 |
| Operating Profit Margin (%) | 21.4% | 22.5% | 16.4% | 10.4% | 10.7% | 12.4% |
| Other Income ⓘ | 0 | 0 | 0 | 0 | 1 | 6 |
| Interest ⓘ | 3 | 4 | 3 | 3 | 9 | 13 |
| Depreciation ⓘ | 6 | 6 | 4 | 5 | 8 | 8 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 3 | 4 | 3 | 6 | 8 | 24 |
| Tax ⓘ | 1 | 1 | 1 | 2 | 2 | 6 |
| Profit After Tax | 2 | 3 | 3 | 5 | 6 | 18 |
| PAT Margin (%) | 3.6% | 5.6% | 4.4% | 3.5% | 2.5% | 5.7% |
| Adjusted EPS (₹) | 2.6 | 4.2 | 2.9 | 3.2 | 3.9 | 10.0 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 26 | 30 | 38 | 60 | 66 | 103 | ||||
| Share Capital ⓘ | 2 | 2 | 2 | 7 | 7 | 18 | ||||
| Reserves ⓘ | 24 | 29 | 36 | 53 | 59 | 84 | ||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Debt | 35 | 31 | 34 | 65 | 102 | 162 | ||||
| Long Term Debt | 24 | 20 | 24 | 59 | 56 | 118 | ||||
| Short Term Debt | 11 | 11 | 10 | 6 | 46 | 44 | ||||
| Trade Payables | 6 | 9 | 9 | 3 | 45 | 63 | ||||
| Others Liabilities ⓘ | 9 | 7 | 10 | 13 | 17 | 29 | ||||
| Total Liabilities ⓘ | 76 | 78 | 91 | 141 | 230 | 356 | ||||
Fixed Assets | ||||||||||
| Gross Block | 68 | 68 | 70 | 76 | 127 | 131 | ||||
| Accumulated Depreciation | 24 | 30 | 34 | 39 | 47 | 55 | ||||
| Net Fixed Assetsⓘ | 43 | 37 | 36 | 37 | 81 | 77 | ||||
| CWIP ⓘ | 0 | 0 | 0 | 41 | 3 | 73 | ||||
| Investmentsⓘ | 3 | 4 | 3 | 3 | 3 | 0 | ||||
| Inventories | 20 | 26 | 31 | 30 | 68 | 90 | ||||
| Trade Receivables | 6 | 6 | 13 | 14 | 57 | 66 | ||||
| Cash Equivalents | 0 | 0 | 0 | 2 | 0 | 0 | ||||
| Others Assetsⓘ | 4 | 6 | 9 | 15 | 18 | 50 | ||||
| Total Assets ⓘ | 76 | 78 | 91 | 141 | 230 | 356 | ||||
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 14 | 7 | 6 | 15 | -15 | 45 |
| PBT ⓘ | 3 | 4 | 3 | 6 | 8 | 24 |
| Adjustment ⓘ | 9 | 11 | 11 | 21 | 17 | 38 |
| Changes in Working Capital ⓘ | 2 | -7 | -9 | -12 | -38 | -16 |
| Tax Paid ⓘ | 0 | -1 | 0 | 0 | -2 | -1 |
| Cash Flow From Investing Activity ⓘ | -5 | 0 | -6 | -47 | -17 | -99 |
| Capex | -4 | 0 | -2 | -47 | -14 | -70 |
| Net Investments | -2 | 0 | 1 | 0 | 0 | 0 |
| Others ⓘ | 0 | 1 | -4 | 0 | -3 | -29 |
| Cash Flow From Financing Activityⓘ | -8 | -8 | 0 | 34 | 31 | 54 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 5 | 0 | 11 |
| Net Proceeds from Borrowing ⓘ | -5 | -4 | 4 | 35 | -3 | 62 |
| Interest Paid ⓘ | -3 | -4 | -3 | -3 | -9 | -13 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | -1 | -3 | 43 | -6 |
| Net Cash Flow ⓘ | 0 | 0 | 0 | 2 | -2 | 0 |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 7.83 | 11.53 | 7.67 | 9.58 | 8.96 | 22.32 | ||||
| ROCE (%) | 8.37 | 11.34 | 8.54 | 8.63 | 10.44 | 16.51 | ||||
| Asset Turnover Ratio | 0.74 | 0.76 | 0.71 | 1.11 | 1.18 | 1.09 | ||||
| PAT to CFO Conversion(x) | 7 | 2.33 | 2 | 3 | -2.5 | 2.5 | Working Capital Days | |||
| Receivable Days | 38 | 37 | 58 | 39 | 59 | 70 | ||||
| Inventory Days | 128 | 142 | 172 | 86 | 82 | 90 | ||||
| Payable Days | 83 | 101 | 89 | 22 | 56 | 87 | ||||
Swaraj Suiting was set up in the year 2003 and was initially engaged in the manufacture of cotton/synthetic fabrics but later shifted to trading in synthetic fabrics in 2009 by selling off its Sulzer weaving looms to an associate concern, Swaraj Sulz Private Limited. The company re-entered into manufacturing of Cotton and Synthetic fabrics in 2011 and commenced commercial operations in January 2013. The company’s Promoters Mohammed Sabir Khan, Samar Khan and Nasir Khan have a combined experience of more than 25 years in Textile Industry and have sound knowledge of production process, marketing, finance and all kind of other commercial activities related to the textile industry.
The company’s existing manufacturing unit is located at F-483 to F-487, G1-475 to 476, RIICO Growth Centre, Hamirgarh, Bhilwara, Rajasthan - 311025 which is also its Registered Office. In this unit, it has installed 123 Airjet looms which translates into 1.50 million meters of cotton & synthetic fabric per month translating into 225 Lakh Meters Per Annum (LMPA). The company has strategically planned the vertical integration of its operations to the next level of supply chain, aiming to lower production costs and increase the efficiency of the company.
In view of this, the company is in advanced stages of setting up a project in the district of Neemuch, Madhya Pradesh (MP), which is both the backward and forward integration of its existing activity. The commencement of commercial production shall be between March - April, 2022. This unit will manufacture premium quality denim fabric and tap new markets. The new manufacturing unit in MP is a denim processing plant with annual capacity of converting approximately 21.75 million metric meters of denim fabric.
Business area of the company
The company is presently, primarily engaged in the Manufacturing of Grey Fabric involving Cotton and Synthetic, Trading of Yarn, Grey fabric and Finished fabric and Weaving on Job work basis.
Key Milestones of the Company
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
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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