Share the post "Spice Islands Apparels : Q4 2024 Financial Quarterly Report : YoY Sales Up 154.55 %, QoQ Up 376 %"
Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 154.55 % in the past year, substantial increase in net sales/revenue by 376 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 100 %. Marginal decrease of -11.11% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Spice Islands Apparels ltd.. Profit dropped by -670 % Year to Year, Spice Islands Apparels ltd.’s profitability increased by 60.56 % in this quarter.
- EPS over the Year and quarter: EPS increased by 64.71 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 0.187 Cr | Rs. 0.1 Cr | Rs. 0.476 Cr | + 376 % | + 154.55 % |
| Expenses | Rs. 0.22 Cr | Rs. 0.18 Cr | Rs. 0.49 Cr | + 172.22 % | + 122.73 % |
| Operating Profit | Rs. -0.03 Cr | Rs. -0.08 Cr | Rs. -0.01 Cr | + 87.5 % | + 66.67 % |
| OPM % | -16.04 % | -80 % | -2.1 % | + 77.9 % | + 13.94 % |
| Other Income | Rs. 0.08 Cr | Rs. 0.18 Cr | Rs. 0.16 Cr | -11.11 % | + 100 % |
| Interest | Rs. 0.04 Cr | Rs. 0.02 Cr | Rs. 0.02 Cr | + 0 % | -50 % |
| Depreciation | Rs. 0.01 Cr | Rs. 0.01 Cr | Rs. 0.02 Cr | + 100 % | + 100 % |
| Profit before tax | Rs. 0 Cr | Rs. 0.07 Cr | Rs. 0.11 Cr | + 57.14 % | 0 % |
| Tax % | -2000 % | 0 % | 0 % | 0 % | + 2000 % |
| Net Profit | Rs. -0.02 Cr | Rs. 0.07 Cr | Rs. 0.11 Cr | + 57.14 % | + 650 % |
| EPS in Rs | Rs. 0 | Rs. 0.17 | Rs. 0.28 | + 64.71 % | 0 % |
Today, we’re looking at Spice Islands Apparels ltd.’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 154.55 %. However, it did see a marginal increase of 376 % from the previous quarter. Expenses ticked up slightly by 172.22 % quarter-on-quarter, aligning with the annual rise of 122.73 %. Operating profit, while up 66.67 % compared to last year, faced a quarter-on-quarter increase of 87.5 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 13.94 %, but an expansion of 77.9 % sequentially. Other income fell by -11.11 % compared to the last quarter, despite an annual growth of 100 %. Interest expenses surged remarkably by 0 % from the previous quarter, yet the year-over-year decrease remains at a moderate -50 %. Depreciation costs climbed by 100 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 100 %. but saw an increase from the preceding quarter by 57.14 %.
Tax expenses as a percentage of profits increased slightly by 2000 % compared to last year, Net profit rose by 650 % year-on-year but experienced a 57.14 % expansion from the last quarter. but a quarterly rise of 64.71 %. In summary, Spice Islands Apparels ltd.’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 0.187 Cr | Rs. 0.1 Cr | Rs. 0.476 Cr | + 376 % | + 154.55 % |
| Expenses | Rs. 0.22 Cr | Rs. 0.18 Cr | Rs. 0.49 Cr | + 172.22 % | + 122.73 % |
| Operating Profit | Rs. -0.03 Cr | Rs. -0.08 Cr | Rs. -0.01 Cr | + 87.5 % | + 66.67 % |
| Net Profit | Rs. -0.02 Cr | Rs. 0.07 Cr | Rs. 0.11 Cr | + 57.14 % | + 650 % |
| EPS in Rs | Rs. 0 | Rs. 0.17 | Rs. 0.28 | + 64.71 % | 0 % |
In reviewing Spice Islands Apparels ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 154.55 % year-on-year growth, however, there was a minor increase of 376 % from the previous quarter. Expenses rose by 122.73 % compared to the previous year, with a 172.22 % increase quarter-on-quarter. Operating Profit surged by 66.67 % annually, and saw a 87.5 % increase from the last quarter.
Net Profit showed yearly increase of 650 %, and experienced a 57.14 % increase from the previous quarter. however rose by 64.71 % compared to the last quarter. In essence, while Spice Islands Apparels ltd. exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.
29
3-Year Profit
16
5-Year Profit
-2
10-Year Profit
45.4
Current Price
19.5
Market Cap
The company associated with BSE code 526827 presents a financial narrative of mixed fortunes. Over a five-year period, the company achieved a profit of 16 percents, which subsequently rose to 29 percents over the three years that followed. Yet, despite this initial growth, the company now faces a troubling trailing twelve-month (TTM) profit loss of 3100 percents. What’s particularly striking is the company’s complete absence of reported sales across all analyzed periods, which brings into question the viability of its revenue generation strategies and long-term business sustainability. Moreover, stock prices have been highly volatile, reflecting the company’s uncertain future. While the stock was valued at 16 percents over the last five years, it has recently dropped to 139 percents, underscoring a rapid decline in market confidence. Over the longer ten-year period, the stock price was at 12 percents, illustrating a pattern of fluctuating performance that could pose risks for potential investors.
With a market capitalization of ₹19.5 crore, the company’s stock is currently trading at ₹45.4, having fluctuated within a range of ₹56.7 / 17.2 over the years. The stock's P/E ratio of 11.2 reflects a relatively high valuation compared to its earnings, which could suggest strong future growth expectations or heightened investor demand. The company’s book value is ₹32.4, representing the total value of its assets on a per-share basis, while the dividend yield of 0.00% offers a modest return to shareholders. ROCE, at 28.2%, highlights the company's efficient use of capital in generating profits, while ROE at 24.7% underscores its ability to generate returns for shareholders. The debt-to-equity ratio of 0.09 is very low, indicating conservative financial management and minimal reliance on borrowed funds. Despite this, the company shows a negative net cash flow of ₹1.90 crore, which could point to cash management challenges or recent heavy investments. The Piotroski score of 6.00 suggests moderate financial strength, while the Graham Number, pegged at ₹54.5, offers a rough estimate of the stock's intrinsic value. The Price-to-Book (P/B) ratio of 1.40 signals that the stock is trading at a premium, which might reflect investor confidence in the company's growth trajectory.
