Deepak Spinners

₹229 5.4 | 2.4%

WEBSITE BSE:514030 NSE : DEEPAK SPINN 18 May, 12:50

Market Cap ₹164 Cr.

Stock P/E 16.1

P/B 0.7

Current Price ₹229

Book Value ₹ 332.1

Face Value 10

52W High ₹320

Dividend Yield 1.09%

52W Low ₹ 202

Edit Ratio

Deepak Spinners Research see more...

Overview Inc. Year: 1982Industry: Textile - Spinning

Deepak Spinners Ltd is a leading textile manufacturing company known for its high-quality yarn production. Established in 1982, the company has grown to become a prominent player in the industry. With state-of-the-art spinning mills and cutting-edge technology, Deepak Spinners excels in producing a diverse range of yarns, catering to various sectors such as apparel, home textiles, and industrial applications. Their commitment to innovation, sustainable practices, and customer satisfaction has earned them a strong reputation in both domestic and international markets. With a skilled workforce and a customer-centric approach, Deepak Spinners continues to be a preferred choice for clients seeking reliable and superior yarn solutions.

Deepak Spinners Share Price

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Peer Comparison

Deepak Spinners Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	160	149	138	156	158	140	108	113	133	116
Other Income	1	1	1	0	1	1	1	0	1	1
Total Income	161	150	139	156	159	141	109	113	134	117
Total Expenditure	140	131	118	134	137	124	96	105	125	112
Operating Profit	21	19	21	21	22	16	13	8	9	5
Interest	1	1	1	1	1	1	1	1	1	1
Depreciation	4	4	4	4	4	4	4	4	4	4
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	15	14	16	17	18	11	8	3	3	-1
Provision for Tax	4	4	4	4	4	3	2	1	1	-0
Profit After Tax	12	11	12	12	13	9	6	2	3	-1
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	12	11	12	12	13	9	6	2	3	-1
Adjusted Earnings Per Share	16.1	14.7	16.6	17.3	18.2	11.9	8.3	3.1	3.5	-0.7

Deepak Spinners Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	307	392	435	401	411	439	475	461	397	532	561	470
Other Income	5	3	6	5	4	4	4	3	2	3	3	3
Total Income	312	395	441	405	415	443	479	464	398	535	564	473
Total Expenditure	277	350	399	358	373	407	435	426	355	462	491	438
Operating Profit	35	45	42	47	42	36	44	38	44	73	73	35
Interest	7	12	16	12	15	13	10	9	6	4	3	4
Depreciation	7	11	14	14	16	16	16	16	16	16	16	16
Exceptional Income / Expenses	0	0	-2	0	-2	0	3	0	0	0	0	0
Profit Before Tax	20	23	10	22	9	7	20	12	21	53	54	13
Provision for Tax	7	11	1	6	2	1	7	-2	6	13	14	4
Profit After Tax	13	12	9	16	6	6	14	15	16	39	40	10
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	13	12	9	16	6	6	14	15	16	39	40	10
Adjusted Earnings Per Share	18.1	16	12.4	21.8	8.7	7.9	19.1	20.7	21.8	54.6	55.8	14.2

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	5%	7%	5%	6%
Operating Profit CAGR	0%	24%	15%	8%
PAT CAGR	3%	39%	46%	12%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-7%	22%	20%	21%
ROE Average	19%	17%	15%	13%
ROCE Average	22%	20%	16%	14%

Deepak Spinners Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	71	82	91	105	111	117	131	143	159	197	236
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	68	73	66	96	79	62	38	25	15	9	4
Other Non-Current Liabilities	16	23	23	23	24	24	23	17	17	15	15
Total Current Liabilities	73	98	75	84	107	117	130	110	77	84	95
Total Liabilities	228	277	254	309	322	319	322	296	268	304	349
Fixed Assets	95	158	155	203	197	188	177	168	153	150	180
Other Non-Current Assets	54	11	7	9	7	3	4	4	6	21	17
Total Current Assets	79	107	92	97	117	128	141	124	110	133	152
Total Assets	228	277	254	309	322	319	322	296	268	304	349

Deepak Spinners Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	1	1	0	0	1	0	1	1	0	1	0
Cash Flow from Operating Activities	24	21	37	45	21	40	29	44	39	39	42
Cash Flow from Investing Activities	-67	-28	-4	-59	-6	-5	-4	-3	-2	-26	-37
Cash Flow from Financing Activities	42	6	-34	16	-16	-35	-25	-41	-37	-13	-4
Net Cash Inflow / Outflow	-0	-1	0	1	-1	0	0	-1	0	-1	0
Closing Cash & Cash Equivalent	1	0	0	1	0	1	1	0	1	0	0

Deepak Spinners Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	18.07	16.01	12.41	21.81	8.71	7.93	19.1	20.7	21.82	54.64	55.76
CEPS(Rs)	28.45	30.76	32.05	40.64	31.31	30.82	41.36	43.08	44.14	76.45	78.03
DPS(Rs)	0	0	0	2	0	0	1.5	1.5	2	2.5	2.5
Book NAV/Share(Rs)	98.4	114.41	126.82	146.22	154.78	163.14	182.38	199.54	221.18	273.98	327.64
Core EBITDA Margin(%)	9.83	10.8	8.14	10.58	9.28	7.35	8.37	7.51	10.47	12.98	12.47
EBIT Margin(%)	8.9	8.82	5.91	8.35	5.73	4.47	6.46	4.73	6.91	10.65	10.09
Pre Tax Margin(%)	6.49	5.75	2.22	5.4	2.1	1.52	4.27	2.69	5.33	9.84	9.58
PAT Margin (%)	4.21	2.93	2.05	3.91	1.52	1.3	2.89	3.23	3.94	7.35	7.11
Cash Profit Margin (%)	6.62	5.64	5.3	7.29	5.48	5.04	6.26	6.72	7.96	10.28	9.95
ROA(%)	6.7	4.56	3.36	5.57	1.99	1.78	4.28	4.82	5.56	13.72	12.27
ROE(%)	20.22	15.05	10.29	15.98	5.79	4.99	11.06	10.84	10.37	22.07	18.54
ROCE(%)	17.56	16.91	11.87	14.29	9.11	7.76	12.52	9.23	12.47	24.86	21.54
Receivable days	33.43	32.71	28.63	25.8	29.13	31.52	28.25	25.88	28.63	22.92	20.33
Inventory Days	45.71	44.47	45.42	50.19	57.29	58.85	59.34	62.19	61.38	47.83	58.11
Payable days	26.61	25.61	17.46	11.61	17.65	27.64	35.22	34.84	31.02	20.08	25.16
PER(x)	1.28	2.39	3.52	3.92	11.49	10.46	5.18	3.91	4.19	5.12	4
Price/Book(x)	0.23	0.33	0.34	0.59	0.65	0.51	0.54	0.41	0.41	1.02	0.68
Dividend Yield(%)	0	0	0	2.34	0	0	1.52	1.86	2.19	0.89	1.12
EV/Net Sales(x)	0.43	0.42	0.35	0.52	0.54	0.43	0.39	0.31	0.3	0.47	0.37
EV/Core EBITDA(x)	3.81	3.65	3.65	4.48	5.26	5.18	4.19	3.75	2.74	3.42	2.85
Net Sales Growth(%)	9.91	27.57	10.8	-7.75	2.52	6.92	8.02	-2.95	-13.91	34.03	5.61
EBIT Growth(%)	51.93	25.94	-25.82	30.32	-29.59	-16.59	56.07	-28.9	26.3	106.85	-0.13
PAT Growth(%)	70.83	-11.41	-22.47	75.74	-60.07	-8.9	140.72	8.4	5.41	150.38	2.04
EPS Growth(%)	70.83	-11.41	-22.47	75.74	-60.07	-8.9	140.72	8.4	5.41	150.38	2.04
Debt/Equity(x)	1.67	1.68	1.33	1.44	1.35	1.09	0.86	0.59	0.34	0.24	0.21
Current Ratio(x)	1.08	1.09	1.24	1.15	1.09	1.1	1.09	1.12	1.41	1.58	1.61
Quick Ratio(x)	0.56	0.5	0.56	0.44	0.45	0.48	0.46	0.44	0.65	0.62	0.57
Interest Cover(x)	3.7	2.87	1.6	2.83	1.58	1.51	2.94	2.32	4.38	13.01	19.78
Total Debt/Mcap(x)	7.12	5.03	3.86	2.45	2.08	2.15	1.59	1.46	0.83	0.24	0.3

Deepak Spinners Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	45.67	45.67	45.67	45.67	45.67	45.67	45.67	45.67	45.67	45.73
FII	0	0	0	0	0	0	0	0	0	0
DII	0.08	0.08	0.08	0.08	0.08	0.08	0.01	0.01	0.01	0.01
Public	54.24	54.24	54.24	54.24	54.24	54.24	54.31	54.31	54.31	54.26
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.33	0.33	0.33	0.33	0.33	0.33	0.33	0.33	0.33	0.33
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	0.39	0.39	0.39	0.39	0.39	0.39	0.39	0.39	0.39	0.39
Others	0	0	0	0	0	0	0	0	0	0
Total	0.72	0.72	0.72	0.72	0.72	0.72	0.72	0.72	0.72	0.72

Pros

Stock is trading at 0.7 times its book value
Company has delivered good profit growth of 46% CAGR over last 5 years
Company has reduced debt.
Company is almost debt free.

Cons

Promoter holding is low: 45.73%.
Debtor days have increased from 20.08 to 25.16days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Deepak Spinners

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Deepak Spinners Research see more...

Overview Inc. Year: 1982Industry: Textile - Spinning

Deepak Spinners Share Price

Alert Data

Quarterly Price

Peer Comparison

Deepak Spinners Quarterly Results

Deepak Spinners Profit & Loss

Growth Rates

Deepak Spinners Balance Sheet

Deepak Spinners Cash Flow

Deepak Spinners Ratios

Deepak Spinners Shareholding Pattern

Deepak Spinners News

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