Share the post "Suryalakshmi Cotton Mills : Q4 2024 Financial Quarterly Report : YoY Sales Up 11.07 %, QoQ Up 29.42 %"
Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 11.07 % in the past year, substantial increase in net sales/revenue by 29.42 %.
- 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 580 %. Marginal increase in other income during this quarter, up by 41.67%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Suryalakshmi Cotton Mills Ltd.. Profit dropped by -810.94 % Year to Year, Suryalakshmi Cotton Mills Ltd.’s profitability increased by 3.53 % in this quarter.
- EPS over the Year and quarter: EPS declined by -2.04 % Year to Year. EPS increased by 2.13 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 214.842 Cr | Rs. 184.378 Cr | Rs. 238.621 Cr | + 29.42 % | + 11.07 % |
| Expenses | Rs. 199 Cr | Rs. 171.41 Cr | Rs. 221.09 Cr | + 28.98 % | + 11.1 % |
| Operating Profit | Rs. 15.84 Cr | Rs. 12.97 Cr | Rs. 17.53 Cr | + 35.16 % | + 10.67 % |
| OPM % | 7.37 % | 7.03 % | 7.35 % | + 0.32 % | -0.02 % |
| Other Income | Rs. 0.15 Cr | Rs. 0.72 Cr | Rs. 1.02 Cr | + 41.67 % | + 580 % |
| Interest | Rs. 6.3 Cr | Rs. 7.46 Cr | Rs. 8.39 Cr | + 12.47 % | + 33.17 % |
| Depreciation | Rs. 4.71 Cr | Rs. 4.6 Cr | Rs. 4.84 Cr | + 5.22 % | + 2.76 % |
| Profit before tax | Rs. 4.98 Cr | Rs. 1.63 Cr | Rs. 5.32 Cr | + 226.38 % | + 6.83 % |
| Tax % | 38.57 % | 28.13 % | 64.82 % | + 36.69 % | + 26.25 % |
| Net Profit | Rs. -0.13 Cr | Rs. 0.88 Cr | Rs. 0.91 Cr | + 3.41 % | + 800 % |
| EPS in Rs | Rs. -0.56 | Rs. 0.47 | Rs. 0.48 | + 2.13 % | + 185.71 % |
Today, we’re looking at Suryalakshmi Cotton Mills 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 11.07 %. However, it did see a marginal increase of 29.42 % from the previous quarter. Expenses ticked up slightly by 28.98 % quarter-on-quarter, aligning with the annual rise of 11.1 %. Operating profit, while up 10.67 % compared to last year, faced a quarter-on-quarter increase of 35.16 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -0.02 %, but an expansion of 0.32 % sequentially. Other income rose by 41.67 % compared to the last quarter, despite an annual growth of 580 %. Interest expenses surged remarkably by 12.47 % from the previous quarter, yet the year-over-year increase remains at a moderate 33.17 %. Depreciation costs climbed by 5.22 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 2.76 %. Profit before tax grew annually by 6.83 % but saw an increase from the preceding quarter by 226.38 %.
Tax expenses as a percentage of profits increased slightly by 26.25 % compared to last year, with a more notable quarter-on-quarter increase of 36.69 %. Net profit rose by 800 % year-on-year but experienced a 3.41 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 185.71 % but a quarterly rise of 2.13 %. In summary, Suryalakshmi Cotton Mills 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. 214.842 Cr | Rs. 184.378 Cr | Rs. 238.621 Cr | + 29.42 % | + 11.07 % |
| Expenses | Rs. 199 Cr | Rs. 171.41 Cr | Rs. 221.09 Cr | + 28.98 % | + 11.1 % |
| Operating Profit | Rs. 15.84 Cr | Rs. 12.97 Cr | Rs. 17.53 Cr | + 35.16 % | + 10.67 % |
| Net Profit | Rs. -0.13 Cr | Rs. 0.88 Cr | Rs. 0.91 Cr | + 3.41 % | + 800 % |
| EPS in Rs | Rs. -0.56 | Rs. 0.47 | Rs. 0.48 | + 2.13 % | + 185.71 % |
In reviewing Suryalakshmi Cotton Mills Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 11.07 % year-on-year growth, however, there was a minor increase of 29.42 % from the previous quarter. Expenses rose by 11.1 % compared to the previous year, with a 28.98 % increase quarter-on-quarter. Operating Profit surged by 10.67 % annually, and saw a 35.16 % increase from the last quarter.
Net Profit showed yearly increase of 800 %, and experienced a 3.41 % increase from the previous quarter. Earnings Per Share (EPS) rose by 185.71 % annually, however rose by 2.13 % compared to the last quarter. In essence, while Suryalakshmi Cotton Mills 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.
35
3-Year Profit
22
5-Year Profit
-3
10-Year Profit
91.8
Current Price
173
Market Cap
For the company identified by BSE code 521200, the financial performance highlights a solid five-year profit of 22 percents. This figure escalates to 35 percents over the three-year period, pointing to positive momentum in its earnings. Despite these encouraging trends, the trailing twelve-month (TTM) figures uncover an alarming profit loss of -60 percents. This decline, coupled with the fact that the company recorded zero sales across all periods examined, raises red flags about the sustainability of its business model and its ability to generate consistent revenue. Furthermore, the stock price fluctuations during this period further reflect the company's uncertain position. The stock started at 36 percents but has since plummeted to 22 percents recently, painting a picture of rapid decline. Over a longer ten-year horizon, the stock price stood at -3 percents, further underscoring the long-term challenges the company faces in maintaining investor confidence and market value.
Currently valued at ₹173 crore, the company's stock price stands at ₹91.8. Over the years, it has seen significant fluctuations, with its price ranging from ₹109 / 57.9, a reflection of its sensitivity to market conditions and investor sentiment. The stock's Price-to-Earnings (P/E) ratio, currently at 5.67, suggests that it is highly valued in comparison to its earnings, possibly indicating strong future growth expectations or a high level of investor confidence. The book value per share is ₹142, which represents the net asset value of the company per share. The dividend yield of 0.00% provides some return to investors, though it may not be the primary attraction for those investing in the stock. The company's Return on Capital Employed (ROCE) is 13.8%, pointing to efficient use of its capital base to generate profits. The Return on Equity (ROE), at 15.8%, highlights the profitability for shareholders. The company's financial health is further underscored by its very low debt-to-equity ratio of 1.77, signaling conservative financial management. However, the net cash flow is negative at ₹7.69 crore, indicating possible liquidity concerns or heavy investment. The Piotroski score of 6.00 provides a snapshot of its financial stability, while the Graham Number, estimated at ₹258, offers an intrinsic value benchmark. With a Price-to-Book (P/B) ratio of 0.65, the stock seems to be trading at a premium relative to its book value, which could signal strong market expectations or overvaluation risks.
