Sharescart Research Club logo

Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹11 Cr.
Stock P/E
-0
P/B
-0
Current Price
₹1.6
Book Value
₹ -169.8
Face Value
10
52W High
₹3.9
52W Low
₹ 1.4
Dividend Yield
0%

Suumaya Industries Overview

1. Business Overview

Suumaya Industries Ltd. is an India-based company primarily engaged in the business of manufacturing, wholesale trading, and processing of textile products. Its core business model revolves around sourcing, manufacturing, and distributing a wide range of textile products including fabrics (e.g., cotton, rayon, polyester), yarns, unstitched dress materials, and ready-made garments. The company serves a diverse customer base, mainly in the wholesale market, by acting as a supplier to retailers, other wholesalers, and garment manufacturers. They make money through the margin earned on the sale of these textile products and garments.

2. Key Segments / Revenue Mix

The company broadly operates in two main segments:

Textile Products: This segment includes the wholesale trading and processing of various fabrics, yarns, and unstitched dress materials. This forms a significant portion of their traditional business.

Readymade Garments: This segment focuses on the manufacturing and sale of finished apparel products.

Specific revenue contribution percentages for each segment are not consistently disclosed publicly in granular detail, but both segments contribute to the overall revenue.

3. Industry & Positioning

Suumaya Industries operates within the highly fragmented and competitive Indian textile industry. This industry is characterized by a mix of large integrated players, mid-sized companies, and numerous small-scale units. India is one of the world's largest producers of textiles and apparel, with strong backward integration from fiber to finished goods. Suumaya Industries is positioned primarily as a wholesale player, supplying a range of textile products across the value chain. Its positioning is more about catering to the bulk needs of the B2B segment rather than direct-to-consumer retail, though some initiatives might exist. It competes with numerous regional and national textile manufacturers and traders.

4. Competitive Advantage (Moat)

In the highly competitive and fragmented Indian textile sector, Suumaya Industries faces challenges in establishing a strong, durable competitive advantage. Potential advantages might include:

Sourcing & Distribution Network: A strong network for sourcing raw materials (yarn, fabric) and distributing finished goods across India to a diverse wholesale clientele.

Cost Efficiency: Potential for competitive pricing through economies of scale in sourcing or efficient processing.

However, a clear, wide moat (like strong brand equity with end-consumers, proprietary technology, or significant switching costs for customers) is not readily apparent in their wholesale-focused business model.

5. Growth Drivers

Key factors that could drive Suumaya Industries' growth over the next 3-5 years include:

Increasing Domestic Consumption: Growth in India's disposable income and urbanization driving demand for apparel and textiles.

Government Initiatives: Schemes promoting textile manufacturing (e.g., PLI scheme, textile parks) could offer opportunities.

Expansion into New Markets/Product Categories: Diversification into higher-margin products or expanding geographic reach within India.

E-commerce & Digital Adoption: Leveraging online B2B platforms to reach a wider customer base.

Value Chain Integration: Further integration across the textile value chain (from yarn to finished garments) to improve margins and control.

6. Risks

Raw Material Price Volatility: Fluctuations in prices of cotton, synthetic fibers, and dyes can significantly impact margins.

Intense Competition: The Indian textile market is highly competitive, leading to pricing pressures and potentially lower profitability.

Fashion & Demand Changes: Rapid shifts in fashion trends and consumer preferences can lead to inventory obsolescence.

Working Capital Intensity: The business requires substantial working capital for inventory and receivables, which can strain liquidity.

Economic Downturns: Reduced consumer spending during economic slowdowns directly impacts textile demand.

Credit Risk: Exposure to credit risk from wholesale customers, especially during economic stress.

Regulatory & Compliance Risks: Changes in government policies, labor laws, or environmental regulations.

Financial Health & Governance Concerns: The company has faced scrutiny regarding its financial reporting and auditor resignations in the past, posing a significant risk to investor confidence and access to capital.

7. Management & Ownership

Suumaya Industries Ltd. is promoted by the Saraf family, with Mr. Ushik Saraf often identified as a key figure in the promoter group. Promoters typically hold a significant stake in Indian companies like Suumaya Industries. Information regarding specific management quality and robust corporate governance practices needs to be continuously assessed, especially in light of past financial reporting and auditor-related developments. The promoter shareholding percentage is a key aspect of its ownership structure, alongside public and institutional holdings.

8. Outlook

Suumaya Industries operates in a fundamental sector with long-term growth potential driven by India's large population and rising consumption. Its established presence in wholesale textile trading and manufacturing provides a base for operations. The company's ability to effectively manage its supply chain, adapt to changing market dynamics, and potentially expand into higher-value segments could be avenues for future growth.

However, the company faces significant challenges. The textile industry is inherently competitive, capital-intensive, and susceptible to commodity price volatility and fashion changes. More critically, past concerns regarding financial reporting and corporate governance present an overhang, requiring careful monitoring by investors. The ability to demonstrate transparent financial practices, restore investor confidence, and maintain healthy liquidity will be crucial for its sustained performance and future viability.

Suumaya Industries Share Price

Live · NSE · Inception: 2011
| |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Suumaya Industries Quarterly Results

#(Fig in Cr.) Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
Net Sales 1802 333 162 141 27 9 25 1114 84 16
Other Income 0 1 1 71 21 6 -0 13 6 1
Total Income 1803 333 164 212 49 15 25 1127 90 16
Total Expenditure 1278 320 175 199 518 35 156 1279 393 870
Operating Profit 525 13 -11 13 -469 -21 -132 -152 -303 -853
Interest 2 2 1 1 2 0 0 0 1 0
Depreciation 0 3 2 2 2 1 1 1 1 1
Exceptional Income / Expenses -279 0 0 0 0 0 0 0 -332 -8
Profit Before Tax 243 9 -14 10 -473 -22 -133 -154 -637 -862
Provision for Tax 61 2 1 10 0 -0 -4 -0 192 0
Profit After Tax 182 7 -15 1 -473 -22 -129 -153 -829 -862
Adjustments 0 0 0 1 0 0 0 1 0 0
Profit After Adjustments 182 7 -15 1 -473 -22 -129 -152 -829 -862
Adjusted Earnings Per Share 59.5 1.1 -2.5 0.2 -77.4 -3.5 -20.5 -24.2 -123.2 -137.4

Suumaya Industries Profit & Loss

#(Fig in Cr.) Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 175 211 4262 12816 663 1239
Other Income 0 0 1 6 94 20
Total Income 175 211 4263 12823 757 1258
Total Expenditure 170 199 3788 11498 1162 2698
Operating Profit 5 12 475 1324 -405 -1440
Interest 0 0 10 8 55 1
Depreciation 0 0 1 6 8 4
Exceptional Income / Expenses 0 0 0 -279 0 -340
Profit Before Tax 5 11 465 1031 -468 -1786
Provision for Tax 1 3 59 159 0 188
Profit After Tax 4 8 406 873 -468 -1973
Adjustments 0 0 0 0 0 1
Profit After Adjustments 4 8 406 873 -468 -1972
Adjusted Earnings Per Share 0.8 1.7 72.3 285.4 -76.5 -305.3

Suumaya Industries Balance Sheet

#(Fig in Cr.) Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 31 39 486 1370 912
Minority's Interest 0 0 0 20 0
Borrowings 12 0 3 4 26
Other Non-Current Liabilities 0 1 6 16 4
Total Current Liabilities 32 58 3868 717 1432
Total Liabilities 75 97 4362 2126 2373
Fixed Assets 2 4 15 52 36
Other Non-Current Assets 0 1 3 28 22
Total Current Assets 73 92 4344 2046 2315
Total Assets 75 97 4362 2126 2373

Suumaya Industries Cash Flow

#(Fig in Cr.) Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 3 5 5 5 5
Cash Flow from Operating Activities -10 -7 31 -984 79
Cash Flow from Investing Activities -1 -2 -21 -43 -29
Cash Flow from Financing Activities 13 9 74 1027 -52
Net Cash Inflow / Outflow 2 -0 84 -0 -2
Closing Cash & Cash Equivalent 5 5 89 5 3

Suumaya Industries Ratios

# Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 0.76 1.69 72.34 285.43 -76.54
CEPS(Rs) 0.78 1.79 72.53 287.3 -75.2
DPS(Rs) 0.05 0 1.5 1 0
Book NAV/Share(Rs) 6.37 8.07 84.57 446.15 149.14
Core EBITDA Margin(%) 2.99 5.46 11.12 10.28 -75.13
EBIT Margin(%) 2.94 5.25 11.12 8.11 -62.21
Pre Tax Margin(%) 2.91 5.13 10.9 8.05 -70.53
PAT Margin (%) 2.08 3.85 9.53 6.81 -70.53
Cash Profit Margin (%) 2.14 4.08 9.55 6.85 -69.3
ROA(%) 4.88 9.44 18.21 26.9 -20.8
ROE(%) 11.89 23.43 158.15 94.91 -41.13
ROCE(%) 12.16 21.71 157.06 91.09 -27.52
Receivable days 100.47 98.69 160.96 65.67 601.15
Inventory Days 31.63 24.72 19.84 7.62 28.41
Payable days 66.77 59.5 183.89 61 143.96
PER(x) 18.89 6.59 1.4 0.34 0
Price/Book(x) 2.25 1.38 1.2 0.22 0.08
Dividend Yield(%) 0.35 0 1.48 1.04 0
EV/Net Sales(x) 0.43 0.33 0.12 0.05 0.63
EV/Core EBITDA(x) 14.29 6.01 1.1 0.5 -1.03
Net Sales Growth(%) 0 20.41 1922.9 200.69 -94.82
EBIT Growth(%) 0 114.84 4187.16 119.2 -139.71
PAT Growth(%) 0 123.41 4901.11 114.87 -153.63
EPS Growth(%) 0 123.38 4177.76 294.59 -126.82
Debt/Equity(x) 0.39 0.54 0.12 0.27 0.38
Current Ratio(x) 2.26 1.58 1.12 2.85 1.62
Quick Ratio(x) 1.79 1.35 1.01 2.74 1.6
Interest Cover(x) 79.81 42.54 49.7 126.44 -7.48
Total Debt/Mcap(x) 0.17 0.39 0.1 0.62 4.88

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -95% +46%
Operating Profit CAGR -131% 0%
PAT CAGR -154% 0%
Share Price CAGR -57% -50% -61%
ROE Average -41% +71% +49% +49%
ROCE Average -28% +74% +51% +51%

Suumaya Industries Shareholding Pattern

Latest · Mar 2024
100% held
Promoters 20.38 %
FII 0 %
DII (MF + Insurance) 0 %
Public (retail) 79.62 %
# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 41.6846.4530.2538.524.3224.3923.7623.7623.7620.38
FII 1.241.140.970.330.330.330.320.0100
DII 0000000000
Public 58.3253.5569.7561.575.6875.6176.2476.2476.2479.62
Others 0000000000
Total 100100100100100100100100100100

Suumaya Industries Peer Comparison

Suumaya Industries Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

See more…

Suumaya Industries Pros & Cons

Pros

  • Stock is trading at -0 times its book value
  • Company has a good return on equity (ROE) track record: 3 Years ROE 71%
  • Company is almost debt free.

Cons

  • Promoter holding is low: 20.38%.
  • Debtor days have increased from 61 to 143.96days.
Want to Start Investing in Top Unlisted Stocks?

Our experts help you choose the right stocks based on performance, risk, and growth potential.

whatsapp