Share the post "Suryalakshmi Cotton Mills Ltd. Shareholding Update: An Examination of Financial Performance for FY (Q4-Mar 2023-2024)"
Suryalakshmi Cotton Mills Ltd. has unveiled its latest shareholding reports, covering the quarter and the first half of the fiscal year ending on (Q4-Mar 2023-2024).This comprehensive report offers a deep dive into the company’s shareholding landscape, including details on Promoters, promoter groups, Foreign investors, public investors, and government entities. Through meticulous comparative analysis, it tracks the evolution of shareholding percentages and quantities, highlighting any shifts in ownership dynamics. Investors gain invaluable insights into the company’s ownership structure and the evolving investment landscape.
| Shareholder Name | Previous Quater Quantity(In Crores) | Current Quater Quantity(In Crores) | Previous Quater Shares(in %) | Current Quater Shares(in %) | Quater to Quater Difference |
|---|---|---|---|---|---|
| Promoters | 1.15 | 1.15 | 60.93 | 60.93 | 0 |
| Public | 0.73 | 0.73 | 38.71 | 38.71 | 0 |
| DII | 0.01 | 0.01 | 0.36 | 0.36 | 0 |
| FII | 0 | 0 | 0 | 0 | 0 |
| Government | 0.00 | 0.00 | 0 | 0 | 0 |
Promoters shareholding remained stable, at 60.93% in both December 2023 and March 2024. This indicates that the promoters’ control over the company did not change during this period. Public shareholding remained consistent, holding steady at 38.71% in both December 2023 and March 2024. This indicates that the Public control over the company did not change during this period. DIIs (Domestic Institutional Investors) shareholding remained unchanged at 0.36% from December 2023 to March 2024. This indicates that domestic institutions maintained their investment level in the company. During quater from December 2023 to March 2024, Goverenment ownership remained steady at 0%.This indicates that the government’s stake in the company remained consistent during this period.
Let’s delve deeper into the statistics of the investors, which could have contributed to the fluctuations in the shareholding pattern.
| Shareholder Name | Previous Quarter Quantity (In crores) | Current Quarter Quantity (In crores) | Previous Quarter Shares (in %) | Current Quarter Shares (in %) | Quarter-to-Quarter Difference (%) |
|---|---|---|---|---|---|
| L. N. AGARWAL (FAMILY Trust) | 0 | 0.049 | 0 | 2.62 | +2.62% |
| L. N. AGARWAL (FAMILY TRUST) | 0.049 | 0 | 2.62 | 0 | -2.62% |
L. N. AGARWAL (FAMILY Trust) had no shares in the previous quarter but now holds 2.62% of shares in the current quarter.L. N. AGARWAL (FAMILY TRUST) had 2.62% of shares in the previous quarter but exited in the current quarter.
| Shareholder Name | Previous Quarter Quantity (In Crores) | Current Quarter Quantity (In Crores) | Previous Quater Shares (in %) | Current Quater Shares (in %) | Quater-to-Quater Difference (%) |
|---|---|---|---|---|---|
| Resident Individuals holding nominal share capital up to Rs. 2 lakhs | 0.355 | 0.339 | 18.89 | 18.01 | -0.88 % |
| Resident Individuals holding nominal share capital in excess of Rs. 2 lakhs | 0.235 | 0.248 | 12.51 | 13.19 | + 0.68 % |
| Non Resident Indians (NRIs) | 0.015 | 0.014 | 0.78 | 0.74 | -0.04 % |
| Bodies Corporate | 0.080 | 0.079 | 4.25 | 4.21 | -0.04 % |
| Any Other (specify) | 0.030 | 0.035 | 1.6 | 1.88 | + 0.28 % |
| HUF | 0.030 | 0.035 | 1.6 | 1.88 | + 0.28 % |
Observations indicate a sizeable -0.88 % variance in Resident Individuals holding nominal share capital up to Rs. 2 lakhs’s fiscal performance between quarters, necessitating thorough investigation of salient aspects to enable future-proof strategies centered around lasting development.Spearheading a savvy charge towards increased profitability, Resident Individuals holding nominal share capital in excess of Rs. 2 lakhs lifts the bar with a remarkable 0.68 % enhancement in net profit, revealing adroit resource allocation and sharpened commercial instincts.Observations indicate a sizeable -0.04 % variance in Non Resident Indians (NRIs)’s fiscal performance between quarters, necessitating thorough investigation of salient aspects to enable future-proof strategies centered around lasting development.Observations indicate a sizeable -0.04 % variance in Bodies Corporate’s fiscal performance between quarters, necessitating thorough investigation of salient aspects to enable future-proof strategies centered around lasting development.Spearheading a savvy charge towards increased profitability, Any Other (specify) lifts the bar with a remarkable 0.28 % enhancement in net profit, revealing adroit resource allocation and sharpened commercial instincts.Spearheading a savvy charge towards increased profitability, HUF lifts the bar with a remarkable 0.28 % enhancement in net profit, revealing adroit resource allocation and sharpened commercial instincts.
35
3-Year Profit
22
5-Year Profit
-3
10-Year Profit
91.8
Current Price
173
Market Cap
Upon examining the financial data for BSE code 521200, it becomes clear that the company achieved a notable five-year profit of 22 percents, which impressively increased to 35 percents in the three-year window. This upward trajectory, however, has been overshadowed by the latest trailing twelve-month (TTM) figures, which indicate a concerning loss of -60 percents. This financial loss is further compounded by the fact that the company has not recorded any sales across any of the timeframes under consideration. Such an unusual situation might suggest that the company operates under an unconventional business model, which could potentially carry higher risks. In terms of stock performance, the company’s stock price has seen a decline, falling from 37 percents over the five-year period to just 22 percents in the last year. The ten-year average stock price, which sits at -3 percents, highlights long-term volatility, casting doubt on the company's ability to sustain its market position over time. This warrants further investigation into the factors driving these fluctuations.
The company has a market capitalization of ₹173 crore and is currently trading at a stock price of ₹91.8. Over time, the stock has fluctuated between the historical highs and lows of ₹109 / 57.9, reflecting the market's volatility. With a Price-to-Earnings (P/E) ratio of 5.67, the stock appears highly valued, indicating that investors are willing to pay a premium for its earnings potential. The company's book value per share stands at ₹142, showcasing the underlying asset value. Additionally, the dividend yield is 0.00%, suggesting that the company offers shareholders a moderate return on their investment in the form of dividends. The Return on Capital Employed (ROCE) is 13.8%, indicating the efficiency with which the company generates profit from its capital. Meanwhile, the Return on Equity (ROE) is 15.8%, highlighting the profitability relative to shareholder equity. Despite these figures, the company maintains a very low debt-to-equity ratio of 1.77, signaling minimal leverage. It also reports a net cash flow of ₹7.69 crore, reflecting the company's ability to generate cash. The Piotroski score is 6.00, a measure of the company's financial strength, while the Graham Number estimates the intrinsic value of the stock at ₹258. The Price-to-Book (P/B) ratio of 0.65 further suggests that the stock is trading at a premium relative to its book value, potentially reflecting positive market sentiment or expectations of future growth.
