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Consolidated Standalone

Salona Cotspin

₹294.1 -0.8 | 0.3%

Market Cap ₹155 Cr.

Stock P/E 12.4

P/B 2

Current Price ₹294.1

Book Value ₹ 149.6

Face Value 10

52W High ₹383

Dividend Yield 0.41%

52W Low ₹ 230.1

Edit Ratio

Salona Cotspin Research see more...

Overview Inc. Year: 1994Industry: Textile - Spinning

Salona Cotspin Limited is an India-based company that is engaged in the manufacture and export of cotton yarn and knitted fabrics. The company was incorporated in 2009 and has its manufacturing plant at Pungampalli village, Erode District. They operate in the cotton textile segment and cater to the needs of hosiery/knitted, garment industries. Offerings include a range of products, such as hank cotton yarn, french terry fabric, knit womens lower, slub yarn, and online drip lateral. they also provide agri-equipments such as bio-fertilizers, bio-pesticides, and organic manures. The company has a well-equipped laboratory, a modern dyeing unit, and a sophisticated knitting division.

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Salona Cotspin Share Price

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Peer Comparison

Salona Cotspin Quarterly Results

#(Fig in Cr.) Sep 2020 Dec 2020 Mar 2021 Jun 2021 Dec 2021 Mar 2022 Jun 2022 Dec 2022 Jun 2023 Dec 2023
Net Sales 53 71 81 141 171 171 155 92 141 206
Other Income 0 0 0 0 0 -0 0 0 0 0
Total Income 53 71 81 141 171 171 155 92 141 207
Total Expenditure 50 66 76 134 160 163 145 85 134 200
Operating Profit 3 5 5 8 11 8 10 8 6 7
Interest 1 1 2 1 2 2 1 3 3 6
Depreciation 1 1 1 1 1 1 1 1 1 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 1 3 3 6 9 4 8 4 2 1
Provision for Tax 0 1 1 1 2 3 2 1 0 -0
Profit After Tax 1 3 2 5 7 1 6 3 2 1
Adjustments 0 0 -0 0 0 -0 0 0 0 -0
Profit After Adjustments 1 3 2 5 7 1 6 3 2 1
Adjusted Earnings Per Share 2.4 5 4 9 12.7 2.5 12.1 5 3.9 2.7

Salona Cotspin 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 86 106 103 100 121 107 133 122 230 647 487 594
Other Income 0 0 0 0 0 0 0 0 0 0 0 0
Total Income 86 107 103 100 122 107 133 122 230 647 487 595
Total Expenditure 72 90 93 92 113 98 123 113 215 610 452 564
Operating Profit 13 17 10 9 9 10 10 9 15 37 35 31
Interest 4 3 3 3 2 3 4 4 4 7 9 13
Depreciation 5 6 4 3 4 4 4 3 3 3 5 3
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 4 8 3 3 3 3 2 2 8 27 20 15
Provision for Tax 1 2 0 0 -1 0 1 1 2 7 3 3
Profit After Tax 3 6 2 2 3 2 2 1 6 20 18 12
Adjustments 0 0 0 0 0 0 0 -0 -0 -0 0 0
Profit After Adjustments 3 6 2 2 3 2 2 1 6 20 18 12
Adjusted Earnings Per Share 5.9 10.8 4 4.3 6.4 4.7 3.1 2.2 11.8 37.6 33.4 23.7

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -25% 59% 35% 19%
Operating Profit CAGR -5% 57% 28% 10%
PAT CAGR -10% 162% 55% 20%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 19% 39% 25% 31%
ROE Average 27% 29% 19% 17%
ROCE Average 14% 16% 13% 13%

Salona Cotspin 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 16 21 23 25 28 30 31 32 38 57 74
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 18 14 10 8 6 5 9 7 12 27 36
Other Non-Current Liabilities 2 3 3 3 2 1 1 2 2 4 5
Total Current Liabilities 25 25 18 29 35 47 49 43 86 139 156
Total Liabilities 61 63 54 64 71 83 90 83 138 228 270
Fixed Assets 29 25 21 18 17 15 26 24 27 43 41
Other Non-Current Assets 2 1 2 2 2 7 2 2 2 2 17
Total Current Assets 30 37 32 44 52 61 62 57 110 183 213
Total Assets 61 63 54 64 71 83 90 83 138 228 270

Salona Cotspin 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 0 1 0 2 0 0 0 0 0 0
Cash Flow from Operating Activities 8 12 10 0 -3 4 6 14 -24 -35 -5
Cash Flow from Investing Activities -1 -1 -0 -1 -2 -7 -10 0 -5 -20 -3
Cash Flow from Financing Activities -8 -10 -10 2 3 3 4 -14 29 54 8
Net Cash Inflow / Outflow -1 1 -1 2 -2 -0 0 0 0 -0 -0
Closing Cash & Cash Equivalent 0 1 0 2 0 0 0 0 0 0 0

Salona Cotspin 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) 5.91 10.76 4 4.31 6.36 4.74 3.1 2.23 11.78 37.6 33.39
CEPS(Rs) 16.33 21.6 12.43 10.68 13.26 11.83 10.41 7.26 16.83 43.93 43.78
DPS(Rs) 0 1.2 0 0.75 0.6 0.6 0.6 0 1 1.2 1.2
Book NAV/Share(Rs) 29.43 38.91 43.03 46.55 52.92 56.93 59.39 60.85 72.12 108.64 140.84
Core EBITDA Margin(%) 15.57 15.48 9.35 8.69 7.07 8.72 7.57 7.01 6.42 5.78 7.15
EBIT Margin(%) 9.33 10.35 5.41 5.49 4.19 5.65 4.75 4.9 5.31 5.27 6.09
Pre Tax Margin(%) 4.33 7.17 2.46 2.72 2.29 2.41 1.73 1.56 3.37 4.13 4.16
PAT Margin (%) 3.63 5.32 2.04 2.26 2.76 2.33 1.23 0.96 2.69 3.06 3.61
Cash Profit Margin (%) 10.02 10.69 6.35 5.6 5.75 5.83 4.12 3.13 3.85 3.57 4.73
ROA(%) 5 9.14 3.59 3.83 4.96 3.23 1.88 1.35 5.6 10.81 7.05
ROE(%) 22.39 31.5 9.77 9.63 12.79 8.62 5.33 3.71 17.72 41.61 26.77
ROCE(%) 14.2 20.14 10.9 10.64 8.59 8.84 8.12 7.73 13.07 21.97 13.88
Receivable days 31.76 38.02 37.98 38.79 51.42 69.62 51.29 47.49 53.11 42.21 81.91
Inventory Days 79.7 67.6 71.98 85.33 81.43 108.69 101.07 110.5 62.99 29.81 44.75
Payable days 12.54 12.81 12.64 16.11 16.97 26.8 21.08 23.03 24.75 12.23 19.24
PER(x) 2.66 1.8 4.94 7.06 8.96 19.42 17.77 16.61 7.73 5.89 7.03
Price/Book(x) 0.54 0.5 0.46 0.65 1.08 1.62 0.93 0.61 1.26 2.04 1.67
Dividend Yield(%) 0 6.19 0 2.46 1.05 0.65 1.09 0 1.1 0.54 0.51
EV/Net Sales(x) 0.55 0.4 0.34 0.45 0.54 0.85 0.6 0.49 0.54 0.39 0.57
EV/Core EBITDA(x) 3.53 2.52 3.55 5.06 7.47 9.33 7.84 6.87 8.34 6.81 7.97
Net Sales Growth(%) 8.47 24.12 -3.14 -2.69 21.1 -12.02 24.39 -8.3 88.87 181.18 -24.75
EBIT Growth(%) 453.86 37.62 -49.39 -1.23 -7.61 18.8 4.52 -5.34 104.52 179.31 -13.1
PAT Growth(%) 163.37 81.99 -62.82 7.73 47.52 -25.52 -34.6 -28.02 428.34 219.18 -11.22
EPS Growth(%) 163.37 81.99 -62.82 7.73 47.52 -25.52 -34.6 -28.02 428.33 219.18 -11.22
Debt/Equity(x) 2.56 1.63 1.13 1.24 1.26 1.44 1.62 1.25 2.02 2.42 2.12
Current Ratio(x) 1.23 1.47 1.71 1.53 1.47 1.31 1.27 1.33 1.28 1.32 1.37
Quick Ratio(x) 0.48 0.64 0.64 0.59 0.7 0.53 0.51 0.48 0.78 0.87 1.01
Interest Cover(x) 1.87 3.26 1.84 1.98 2.2 1.74 1.57 1.47 2.74 4.62 3.15
Total Debt/Mcap(x) 4.8 3.27 2.46 1.91 1.18 0.9 1.76 2.07 1.6 1.19 1.27

Salona Cotspin Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 65.98 65.98 65.98 65.98 65.98 66.36 67.09 67.09 67.09 67.09
FII 0 0.03 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 34.02 33.99 34.02 34.02 34.02 33.64 32.91 32.91 32.91 32.91
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company has delivered good profit growth of 55% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 29%

Cons

  • Debtor days have increased from 12.23 to 19.24days.

* 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.

Salona Cotspin News

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