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Shahlon Silk Inds.

₹23.8 -0.5 | 1.9%

Market Cap ₹212 Cr.

Stock P/E 67.4

P/B 2.2

Current Price ₹23.8

Book Value ₹ 10.8

Face Value 2

52W High ₹30.8

Dividend Yield 0.25%

52W Low ₹ 11.3

Shahlon Silk Inds. Research see more...

Overview Inc. Year: 2008Industry: Textile

Shahlon Silk Industries Limited (SSIL) is a public company that is a part of Shahlon Group, a leading textile enterprise based in Surat, Gujarat. It was founded in 1984 with 12 conventional power looms and has since expanded into various segments of the textile industry, such as yarn marketing agency, texturising, twisting, sizing, yarn dyeing, weaving, finish fabrics and industrial infrastructure. It has a turnover of more than US$ 54 million and is listed on the Bombay Stock Exchange. Envisioned to be one of the world’s leading integrated textile enterprise exceeding customer and stakeholder expectations, driven by research, innovation and excellence. They have a state-of-the-art R&D infrastructure and a team of highly qualified professionals who ensure proper testing methods and adherence to global quality standards. SSIL’s products are recognised and accepted by some of the world’s most notable and demanding customers.

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Shahlon Silk Inds. Share Price

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Quarterly Price

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Peer Comparison

Shahlon Silk Inds. 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 79 88 95 62 70 54 123 48 50 39
Other Income 0 0 0 0 0 0 0 0 0 0
Total Income 79 88 95 62 70 54 123 49 50 39
Total Expenditure 71 80 85 60 63 47 117 42 43 33
Operating Profit 8 8 10 3 7 7 6 6 7 6
Interest 4 3 4 4 4 4 3 4 3 3
Depreciation 2 2 2 2 2 2 2 2 2 2
Exceptional Income / Expenses 0 0 0 6 0 0 0 0 0 0
Profit Before Tax 2 2 4 3 1 1 1 1 2 1
Provision for Tax 1 1 2 1 1 -0 0 0 1 0
Profit After Tax 1 1 2 2 0 1 0 1 1 1
Adjustments -0 0 0 0 0 0 -0 -0 -0 0
Profit After Adjustments 1 1 2 2 0 1 0 1 1 1
Adjusted Earnings Per Share 0 0.2 0.2 0.2 0 0.1 0 0.1 0.1 0.1

Shahlon Silk Inds. Profit & Loss

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 277 313 302 293 528 531 382 228 313 309 260
Other Income 1 -0 1 0 1 1 0 0 0 0 0
Total Income 278 313 302 293 529 532 383 228 313 309 261
Total Expenditure 258 290 279 268 491 494 349 194 283 286 235
Operating Profit 20 22 24 25 38 39 33 34 30 23 25
Interest 11 11 13 12 18 19 19 18 15 15 13
Depreciation 8 9 10 12 15 15 13 11 10 9 8
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 6 0
Profit Before Tax 1 2 1 0 5 5 1 5 6 5 5
Provision for Tax -0 0 -2 -1 3 1 1 1 3 1 1
Profit After Tax 1 2 2 2 3 4 0 3 3 4 3
Adjustments 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 1 2 2 2 3 4 0 3 3 4 3
Adjusted Earnings Per Share 0 0 0 0 0 0 0 0.4 0.4 0.4 0.3

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -1% -7% -10% 0%
Operating Profit CAGR -23% -11% -10% 0%
PAT CAGR 33% 0% 6% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 87% 11% NA% NA%
ROE Average 4% 4% 3% 3%
ROCE Average 9% 9% 9% 8%

Shahlon Silk Inds. Balance Sheet

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 63 64 66 66 87 90 90 92 95 99
Minority's Interest 0 0 0 0 0 0 0 0 0 0
Borrowings 60 64 97 93 91 68 51 45 61 42
Other Non-Current Liabilities 3 2 1 0 4 4 4 3 3 3
Total Current Liabilities 92 88 81 89 130 153 147 136 119 143
Total Liabilities 219 218 245 248 312 314 292 277 278 286
Fixed Assets 90 97 119 114 129 120 111 98 91 84
Other Non-Current Assets 6 7 7 10 14 14 15 15 13 11
Total Current Assets 122 114 118 124 170 180 166 164 174 191
Total Assets 219 218 245 248 312 314 292 277 278 286

Shahlon Silk Inds. Cash Flow

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 0 1 2 3 2 1 1 2 2 3
Cash Flow from Operating Activities 1 5 13 13 11 34 31 -9 11 12
Cash Flow from Investing Activities -0 -18 -33 -10 -10 -6 -5 17 -1 7
Cash Flow from Financing Activities 0 14 21 -4 -2 -28 -25 -7 -9 -20
Net Cash Inflow / Outflow 1 1 1 -1 -1 0 1 0 0 -1
Closing Cash & Cash Equivalent 1 2 3 2 1 1 2 2 3 2

Shahlon Silk Inds. Ratios

# Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 0 0 0 0 0 0 0.03 0.39 0.36 0.42
CEPS(Rs) 37.01 9.38 11.19 12.4 3.12 3.28 1.5 1.63 1.46 1.44
DPS(Rs) 0 0 0 0 0 0.1 0.05 0.05 0.06 0.06
Book NAV/Share(Rs) 0 0 0 0 0 0 9.49 9.73 10.1 10.55
Core EBITDA Margin(%) 6.83 7.12 7.35 8.23 7.04 7.14 8.59 14.82 9.59 7.21
EBIT Margin(%) 4.47 4.34 4.29 4.21 4.36 4.52 5.24 10.14 6.56 6.37
Pre Tax Margin(%) 0.39 0.7 0.17 0.11 0.97 0.92 0.29 2.18 1.84 1.67
PAT Margin (%) 0.47 0.57 0.67 0.54 0.5 0.7 0.07 1.52 1.01 1.22
Cash Profit Margin (%) 3.34 3.34 4.03 4.72 3.29 3.44 3.51 6.39 4.15 4.16
ROA(%) 0.59 0.82 0.9 0.64 0.94 1.19 0.08 1.22 1.15 1.34
ROE(%) 2.4 3.2 3.55 2.6 3.91 4.92 0.31 4.04 3.59 4.1
ROCE(%) 7 7.3 6.37 5.51 9.01 8.7 7.97 9.7 8.65 8.52
Receivable days 98.06 82.08 85.42 100.33 64.06 74 102.79 159.55 111.52 126.41
Inventory Days 42.49 39.84 39.4 40.65 29.6 35.98 50.35 88.48 75.08 79.77
Payable days 48.28 29.4 17.73 25.36 12.81 21.11 51.8 80.75 41.48 61.94
PER(x) 0 0 0 0 0 0 370.53 38.09 44.83 24.23
Price/Book(x) 0 0 0 0 0 0 1.11 1.52 1.58 0.97
Dividend Yield(%) 0 0 0 0 0 0 0.47 0.34 0.38 0.59
EV/Net Sales(x) 0.44 0.44 0.54 0.56 0.41 0.36 0.64 1.24 0.92 0.72
EV/Core EBITDA(x) 5.94 6.18 6.89 6.68 5.74 4.95 7.41 8.25 9.44 9.8
Net Sales Growth(%) 0 12.9 -3.58 -2.96 80.46 0.65 -28.09 -40.33 37.29 -1.41
EBIT Growth(%) 0 9.46 -2.03 -7.31 87.11 4.12 -16.53 15.39 -11.14 -4.31
PAT Growth(%) 0 37.59 16.62 -24.58 68.31 41.23 -93.19 1265.88 -8.45 18.9
EPS Growth(%) 0 0 0 0 0 0 0 1263.51 -8.44 18.89
Debt/Equity(x) 2.24 2.38 2.74 2.68 2.79 2.33 1.81 1.75 1.62 1.39
Current Ratio(x) 1.32 1.29 1.47 1.4 1.3 1.18 1.13 1.21 1.46 1.34
Quick Ratio(x) 0.97 0.88 1.09 1.01 0.91 0.83 0.78 0.78 0.87 0.89
Interest Cover(x) 1.09 1.19 1.04 1.03 1.29 1.26 1.06 1.27 1.39 1.36
Total Debt/Mcap(x) 0 0 0 0 0 0 1.63 1.15 1.03 1.43

Shahlon Silk Inds. Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 72.08 71.71 71.71 71.71 71.89 71.89 72.04 72.04 72.04 72.06
FII 1.48 0.51 0.06 0.06 0 0 0 0 5.04 5.59
DII 0 0 0 0 0 0 0 0 0 0
Public 26.44 27.78 28.24 28.24 28.11 28.11 27.96 27.96 22.92 22.35
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 reduced debt.

Cons

  • Company has a low return on equity of 4% over the last 3 years.
  • Debtor days have increased from 41.48 to 61.94days.
  • The company has delivered a poor profit growth of 5% over past five years.

* 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.

Shahlon Silk Inds. News

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