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Sportking India Ltd share Price Today

Company details

800.00
840.00
704.55
948.15
6M Return 2.09%
1Y Return 5.77%
Mkt Cap.(Cr) 1,037.08
Volume 16,220
Div Yield 0.62%
OI
-
OI Chg %
-
Volume 16,220

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Textiles company Sportking India announced Q4FY24 results:

Financial Highlights:

  • Export contribution to revenue from operations stood at 41% for the quarter.
  • Revenue from operation stood at Rs 611.7 crore for Q4 FY24, up 14.5% YoY and 2.1% QoQ.
  • EBITDA for Q4 FY24 was Rs 67.1 crore – an increase of 20.4% YoY and 38.0% QoQ. EBITDA Marginfor the quarter improved by 286 bps sequentially & 54 bps on a yearly basis to reach 11.0%.
  • Cash Profit after Tax for the quarter was Rs 44.7 crore – stable YoY and registering a growth of 24.5% QoQ.
  • The Board has recommended a Final Dividend of Rs 5/- per equity share of face value of Rs 10/-each (50% of Face Value) and 5% on Non-Cumulative Non-Convertible Redeemable PreferenceShares of face value of 10/- Dividend payout would thus be ~9.5% of FY24 Profit after Tax.

Commenting on the results, Mr. Munish Avasthi, Chairman & Managing Director said, “In a year marked by economic vagaries fueled by regional conflicts across the globe, it fills me with pride to look back at our performance in the financial year gone by. On the operations front - smooth integration of the newly expanded capacity to ensure a faster turnaround and ramping up of our utilization levels as well as timely completion and operationalization of all phases of solar power roof top project were testaments to our strong execution capabilities.

We added another feather in our cap with the recognition as a “Four Star Export House” by MCI for our export efforts. During the year, both domestic and export markets had their periods of ebbs and flows, and thus revenue by geographies have remained largely equal.

Favorable cotton-yarn spreads and judicious procurement decisions improved margins in the current quarter. This was aided by domestic demand improvement in the previous quarter, continuing in the current quarter as well. Our operations remain at full scale, and with quarterly trend of major expenseheads intact – we foresee the current performance to be replicable in the near future. We remain hopeful that the trend of margin recovery to continue going forward. Regular efforts are being undertaken to explore and assess viability of capacity expansion and portfolio expansion of our current yarn offerings. We firmly believe that there is enough impetus for growth in our sector and we will continue to capitalize on that. Our outlook for the upcoming financial year remains positive driven by favorable realizations, pickup in demand of export market and policy support from the regulators” 

Result PDF

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Sportking India Ltd shares SWOT Analysis

Strengths (5)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Book Value per share Improving for last 2 years

Weakness (7)

  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years
  • Inefficient use of shareholder funds - ROE declining in the last 2 years
  • Inefficient use of assets to generate profits - ROA declining in the last 2 years

Opportunity (1)

  • RSI indicating price strength

Threats (0)

Data not found

Resistance and support

R1 837.4
R2 858.7
R3 877.4
Pivot

818.72

S1 797.4
S2 778.7
S3 757.4
EMA SMA
794.8
803.2
807.3
802.8
787.0
814.3
813.7
808.2
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GOEL ANIL KUMAR Bulk Purchase 2023-07-18 842 131558 BSE
GOEL SEEMA Bulk Purchase 2023-07-14 825 64000 BSE
Name Category Shares
MUNISH AVASTHI PROMOTER 17.33%
PARVEEN AVASTHI PROMOTER 4.89%
SOBHAGIA LOGISTICS PRIVATE LIMITED PROMOTER 24.03%
ANGEL FINVEST PVT LIMITED PROMOTER 14.63%
SOBHAGIA SALES PRIVATE LIMITED PROMOTER 12.74%
ARADHNA KNITWEARS PRIVATE LIMITED PROMOTER 0.57%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
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P BV

Sportking India Ltd Stocks COMPARISON

Financials( in Cr) Sportking India Ltd Grasim Industries Ltd Trident Ltd Raymond Ltd Welspun Living Ltd
Price 816.15 2,471.20 39.39 2,487.50 144.14
% Change 1.24 0.53 -1.60 -1.34 2.36
Mcap Cr 1,037.08 168,177.52 20,072.97 16,560.28 14,007.64
Revenue TTM Cr 2,205.02 117,627.08 6,332.26 9,019.51 8,093.76
Net Profit TTM Cr 131.98 11,078.20 441.61 1,643.07 202.51
PE TTM 14.73 26.94 57.06 9.90 20.56
1 Year Return 5.77 42.76 17.58 50.06 51.01
ROCE 18.16 9.04 11.89 30.24 5.91
ROE 20.18 14.35 10.99 43.72 5.03
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 899.71 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 32,452.94 -2,589.17
LAST 3M 105,794.56 -32,067.62
LAST 6M 178,880.68 -18,917.36
LAST 12M 290,144.87 98,834.05

Sportking India Ltd Information

Stock PE (TTM)
14.73
Promoter Holding
74.36%
Book Value
710.0441
ROCE
18.16%
ROE
20.18%
Description
  • Sportking India Ltd was incorporated on 15 Feb.`89 by Raj Kumar Avasthi and his family members. The Company emerged as one of India`s leading textile company & owns 3 state-of-the-art manufacturing facilities in India equipped with latest machinery, producing yarns that are a benchmark in quality. The Company produces well diversified range of grey and dyed textile yarns to cater to the demands of weaving and knitting industry in domestic as well as international markets. Prior to this, it was engaged in the business of hosiery knitwears and readymade garments at New Delhi. Due to shortage of skilled and semi-skilled labour in hosiery knitwear and readymade garments, the company suspended this activities in 1993-94. The company diversified its activities by installation of 6520 spindles at Meharban (Ludhiana district), Punjab, to manufacture acrylic yarn, which commenced commercial production on 3 Dec.`93. In 1995, the company embarked on an expansion programme to set up a new spinning unit with a complement of 12,000 spindles in the first phase, out of the envisaged capacity of 25,000 spindles for the manufacture of acrylic / synthetic yarn, at Kanech, Punjab. In order to part-finance the project, it came out with a public issue in Dec.`95. In 2018-19, the Company expanded at Bathinda Unit adding 68K spindles with state-of-the-art plant for manufacturing of cotton compant yarn. In June 2022, the Company commissioned 10.2 MW Rooftop Solar Power Project at Bathinda Unit. In 2022-23, it commissioned two additional capacity projects. The first phase of 40,800 spindles of manufacturing of polyester cotton yarn in quarter second, and the second phase of 63,072 spindles in the end of quarter four.

Registered Address

5/69 Guru Mansion 1st Floor, Padam Singh Road Karol Bagh, New Delhi, New Delhi, 110055

Tel : 91-11-25754885
Email : cs:sportking.co.in
Website : http://www.sportking.co.in
Registrar

Beetal Fin.&Computer Ser.P Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 539221
NSE Code : SPORTKING
Book Closure Date (Month) : Sep
BSE Group : B
ISIN : INE885H01011

FAQ’s on Sportking India Ltd Shares

You can buy Sportking India Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Sportking India Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 14, 2024 03:51 PM the closing price of Sportking India Ltd was Rs.816.15.

The latest PE ratio of Sportking India Ltd as of Jun 14, 2024 03:51 PM is 14.73

The latest PB ratio of Sportking India Ltd as of Jun 14, 2024 03:51 PM is 0.87

The 52-week high of Sportking India Ltd share price is Rs. 948.15 while the 52-week low is Rs. 704.55

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 14, 2024 03:51 PM, the market cap of Sportking India Ltd stood at Rs. 1,037.08.

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