Singer India

₹87.3 0.8 | 1%

WEBSITE BSE:505729 NSE : SINGER INDIA 18 May, 12:50

Market Cap ₹534 Cr.

Stock P/E 220.9

P/B 3.8

Current Price ₹87.3

Book Value ₹ 22.8

Face Value 2

52W High ₹134.4

Dividend Yield 0%

52W Low ₹ 71.7

Edit Ratio

Singer India Research see more...

Overview Inc. Year: 1977Industry: Consumer Durables - Domestic Appliances

Singer India Ltd is engaged inside the manufacture of sewing machines, sewing machine heads and sewing machine needles. The Company is likewise engaged in the manufacture of domestic electro thermic home equipment, domestic non-electric cooking and heating device, and different home appliances. Its segments encompass Sewing products, which includes stitching system accessories, oil and needles, and Domestic Appliances, together with irons and steam irons, food processors, mixers, toasters, kettles, air coolers and desert coolers. Its merchandise are marketed beneath the brands, SINGER and MERRITT. Its products in zig-zag fashion makers class include 8280, Classic and 1507. Its merchandise in digital fashion makers category encompass Curvy 8770 and Brilliance 6180. Its merchandise in straight stitch class encompass Tailor Deluxe and Merritt Tailor. Its merchandise in commercial machines category encompass Stitch Master and Merritt Universal. It has manufacturing centers for stitching machines at Jammu.

Singer India Share Price

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Peer Comparison

Singer India 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	128	127	125	110	115	121	115	105	105	102
Other Income	0	0	0	1	0	2	2	2	3	1
Total Income	128	128	125	110	115	123	116	106	107	104
Total Expenditure	124	123	121	109	113	122	115	106	105	102
Operating Profit	4	4	3	2	2	1	1	1	2	2
Interest	0	0	0	0	0	0	0	0	0	0
Depreciation	1	1	1	1	1	1	0	1	1	1
Exceptional Income / Expenses	0	0	0	0	7	0	0	0	0	0
Profit Before Tax	3	3	3	1	9	0	0	0	2	1
Provision for Tax	1	1	0	0	2	-0	0	0	0	0
Profit After Tax	2	3	2	1	7	1	0	0	1	1
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	2	3	2	1	7	1	0	0	1	1
Adjusted Earnings Per Share	0.4	0.5	0.4	0.2	1.2	0.1	0	0	0.2	0.1

Singer India Profit & Loss

#(Fig in Cr.)	Jun 2013	Jun 2014	Jun 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	197	243	285	239	369	422	483	451	415	453	460	427
Other Income	4	2	2	2	2	1	2	4	3	3	4	8
Total Income	201	245	287	241	370	423	485	455	417	456	465	433
Total Expenditure	191	235	276	231	358	408	467	436	396	443	458	428
Operating Profit	10	10	11	10	13	15	17	19	21	13	7	6
Interest	0	0	0	0	0	1	2	3	2	1	1	0
Depreciation	1	1	1	1	1	1	1	4	3	2	2	3
Exceptional Income / Expenses	0	0	-0	0	0	0	0	0	0	0	7	0
Profit Before Tax	9	9	10	9	11	13	15	12	16	10	11	3
Provision for Tax	-6	2	3	3	4	4	5	4	5	2	3	0
Profit After Tax	15	7	6	6	8	9	9	8	11	8	8	2
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	15	7	6	6	8	9	9	8	11	8	8	2
Adjusted Earnings Per Share	2.9	1.3	1.2	1.1	1.4	1.7	1.7	1.5	2	1.4	1.4	0.3

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	2%	1%	2%	9%
Operating Profit CAGR	-46%	-28%	-14%	-4%
PAT CAGR	0%	0%	-2%	-6%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	8%	26%	16%	19%
ROE Average	8%	11%	13%	20%
ROCE Average	11%	16%	18%	24%

Singer India Balance Sheet

#(Fig in Cr.)	Jun 2013	Jun 2014	Jun 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	37	42	45	48	53	57	59	64	72	77	136
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	0	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	-9	-7	-3	-0	-6	-5	-3	-1	0	1	-0
Total Current Liabilities	32	39	48	53	64	88	108	101	96	93	83
Total Liabilities	60	75	90	101	111	141	164	165	168	171	219
Fixed Assets	12	12	12	12	12	12	12	12	11	8	9
Other Non-Current Assets	3	5	7	10	1	1	3	1	1	2	1
Total Current Assets	45	58	71	80	97	128	149	151	156	158	209
Total Assets	60	75	90	101	111	141	164	165	168	171	219

Singer India Cash Flow

#(Fig in Cr.)	Jun 2013	Jun 2014	Jun 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	7	7	9	6	6	1	-10	-20	-11	8	23
Cash Flow from Operating Activities	-1	4	4	4	-7	-5	0	17	29	14	-1
Cash Flow from Investing Activities	1	-1	-4	-1	5	-1	-2	-2	-4	7	-47
Cash Flow from Financing Activities	-0	-2	-2	-3	-3	-5	-9	-6	-6	-4	49
Net Cash Inflow / Outflow	0	2	-3	-0	-5	-11	-10	9	18	16	2
Closing Cash & Cash Equivalent	7	9	6	6	1	-10	-20	-11	8	23	25

Singer India Ratios

#	Jun 2013	Jun 2014	Jun 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	2.85	1.3	1.19	1.11	1.42	1.67	1.72	1.51	1.98	1.43	1.36
CEPS(Rs)	2.96	1.42	1.34	1.25	1.62	1.88	1.93	2.22	2.56	1.85	1.69
DPS(Rs)	0.3	0.3	0.5	0.5	0.7	0.75	0.8	0	1	1	0
Book NAV/Share(Rs)	5.2	6.14	6.75	7.28	9.83	10.65	10.97	11.99	13.45	14.35	22.22
Core EBITDA Margin(%)	3.24	3.54	3.04	3.35	2.94	3.22	3.23	3.4	4.49	2.28	0.47
EBIT Margin(%)	4.89	3.93	3.48	3.8	3.18	3.26	3.35	3.36	4.41	2.4	2.57
Pre Tax Margin(%)	4.76	3.78	3.37	3.7	3.05	3	3.02	2.76	3.88	2.14	2.38
PAT Margin (%)	7.78	2.86	2.25	2.5	2.07	2.13	1.92	1.8	2.56	1.69	1.81
Cash Profit Margin (%)	8.08	3.14	2.53	2.8	2.36	2.4	2.15	2.64	3.31	2.2	2.25
ROA(%)	30.38	10.33	7.75	6.24	7.2	7.13	6.08	4.94	6.38	4.53	4.27
ROE(%)	72.2	22.9	18.49	15.88	16.59	16.29	15.94	13.17	15.54	10.28	7.81
ROCE(%)	45.42	31.36	28.56	24.12	24.61	21.61	21.27	18.61	23.75	14.57	11.1
Receivable days	17.71	23.96	28.42	37.51	28.51	35.47	43.05	49.88	46.22	39.29	35.49
Inventory Days	36.82	33.94	34.71	52.39	46.2	52.13	52.91	60.07	68.2	61.74	60.11
Payable days	23.95	34.25	45.99	68.18	52.79	60.15	65.48	74.3	83.31	72.69	63.86
PER(x)	6.63	15.84	23.86	31.7	28.17	29.94	29.01	11.41	18.97	40.05	48.69
Price/Book(x)	3.63	3.35	4.21	4.85	4.07	4.69	4.56	1.44	2.79	3.99	2.98
Dividend Yield(%)	1.59	1.46	1.76	1.42	1.75	1.5	1.6	0	2.67	1.75	0
EV/Net Sales(x)	0.47	0.41	0.49	0.74	0.58	0.66	0.6	0.23	0.45	0.62	0.7
EV/Core EBITDA(x)	9.02	9.65	12.85	18.05	16.64	18.59	16.62	5.42	8.68	21.51	48.99
Net Sales Growth(%)	26.28	23.58	17.1	-15.99	53.93	14.38	14.59	-6.59	-8.12	9.27	1.62
EBIT Growth(%)	9.87	-0.63	3.48	-8.24	28.87	17.39	17.78	-6.42	20.63	-40.54	8.73
PAT Growth(%)	50	-54.48	-8.2	-6.53	27.41	17.52	3.33	-12.28	30.74	-27.76	8.45
EPS Growth(%)	50	-54.48	-8.2	-6.53	27.41	17.52	3.33	-12.28	30.74	-27.76	-4.8
Debt/Equity(x)	0	0	0	0	0.06	0.24	0.38	0.27	0	0	0
Current Ratio(x)	1.43	1.49	1.48	1.5	1.52	1.44	1.38	1.49	1.63	1.69	2.51
Quick Ratio(x)	0.78	0.86	0.86	0.76	0.67	0.69	0.7	0.75	0.79	0.91	1.57
Interest Cover(x)	36.14	25.54	31.7	41.86	25.28	12.23	10.03	5.6	8.3	9.08	13.63
Total Debt/Mcap(x)	0	0	0	0	0.02	0.05	0.08	0.19	0	0	0

Singer India Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	57.65	57.65	57.65	35.31	35.31	31	31	31	31	31
FII	0	0	0	0	0	0	0	0	0	0
DII	1.81	1.81	1.81	0.88	0.88	5.07	5.07	5.07	4.33	3.94
Public	40.54	40.54	40.54	63.81	63.81	63.93	63.93	63.93	64.67	65.07
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	3.1	3.1	3.1	1.9	1.9	1.9	1.9	1.9	1.9	1.9
FII	0	0	0	0	0	0	0	0	0	0
DII	0.1	0.1	0.1	0.05	0.05	0.31	0.31	0.31	0.27	0.24
Public	2.18	2.18	2.18	3.43	3.43	3.91	3.91	3.91	3.96	3.98
Others	0	0	0	0	0	0	0	0	0	0
Total	5.37	5.37	5.37	5.37	5.37	6.12	6.12	6.12	6.12	6.12

Pros

Debtor days have improved from 72.69 to 63.86days.
Company is almost debt free.

Cons

Promoter holding is low: 31%.
Company has a low return on equity of 11% over the last 3 years.
Stock is trading at 3.8 times its book value.
The company has delivered a poor profit growth of -2% 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.

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Singer India

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Singer India Research see more...

Overview Inc. Year: 1977Industry: Consumer Durables - Domestic Appliances

Singer India Share Price

Alert Data

Quarterly Price

Peer Comparison

Singer India Quarterly Results

Singer India Profit & Loss

Growth Rates

Singer India Balance Sheet

Singer India Cash Flow

Singer India Ratios

Singer India Shareholding Pattern

Singer India News

Top Unlisted Companies & InstaBuy Companies

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