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Sutlej Textiles and Industries Ltd share Price Today

Company details

54.10
55.30
44.10
73.45
6M Return -6.04%
1Y Return 19.02%
Mkt Cap.(Cr) 892.05
Volume 70,286
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 70,286

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Sutlej Textiles & Industries announced Q2FY23 results:

  • H1FY23:
    • Total Income at Rs 1,679 crore, up 21%
    • EBITDA at Rs 232 crore, up 27%
    • EBITDA margin at 13.80%
    • PAT at Rs. 77 crore, up 24%

Commenting on the results, Mr. C. S. Nopany, Executive Chairman, Sutlej Textiles and Industries Limited said: “The global economic turmoil coupled with inflationary pressures has resulted in a challenging operating environment for most sectors, including the textiles. We are now witnessing key commodity prices decline from their extraordinary highs, resulting in a slowing down of demand in almost all geographies. As prices continue on a downward trajectory finding a new equilibrium, demand and offtake remained subdued in Q2. At Sutlej, while the quarterly performance has been under some pressure, we have been quite resilient and have operated at optimum capacity due to our diversified portfolio, multi-market operations, and strong relationships with our customers and we remain cognizant of the overall market dynamics going forward.”

 

Result PDF

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Sutlej Textiles and Industries Ltd shares SWOT Analysis

Strengths (5)

  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Increasing profits every quarter for the past 2 quarters
  • Strong cash generating ability from core business - Improving Cash Flow from operation for last 2 years

Weakness (11)

  • 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)

  • Stock with Low PE (PE < = 10)

Threats (2)

  • Increasing Trend in Non-Core Income
  • RSI indicating price weakness

Resistance and support

R1 55.1
R2 55.8
R3 56.3
Pivot

54.62

S1 53.9
S2 53.4
S3 52.7
EMA SMA
56.2
57.4
58.2
57.8
56.7
56.2
60.0
58.0
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
THE HINDUSTAN TIIMES LTD Bulk Purchase 2020-12-30 45.61 3800000 NSE
EARTHSTONE HOLDING (TWO) PRIVATE LTD Bulk Sell 2020-12-30 45.6 3800000 NSE
THE HINDUSTAN TIIMES LTD Bulk Purchase 2020-12-29 44.58 4501627 NSE
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Sidh Enterprises Ltd. PROMOTER 0.73%

FINANCIALS

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

Sutlej Textiles and Industries Ltd Stocks COMPARISON

Financials( in Cr) Sutlej Textiles and Industries Ltd Grasim Industries Ltd Trident Ltd Raymond Ltd Welspun Living Ltd
Price 54.45 2,441.00 37.85 2,226.45 143.50
% Change -0.18 -0.52 -0.26 -0.78 -0.28
Mcap Cr 892.05 166,122.26 19,288.19 14,822.37 13,945.44
Revenue TTM Cr 3,074.23 117,627.08 6,332.26 8,214.72 8,093.76
Net Profit TTM Cr 37.28 11,078.20 441.61 536.96 202.51
PE TTM 0.00 26.62 54.87 8.83 20.48
1 Year Return 19.02 44.33 9.24 40.80 55.05
ROCE 7.45 9.04 11.89 21.11 5.91
ROE 5.03 14.35 10.99 23.24 5.03
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 1,109.40 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 36,628.54 -24,386.86
LAST 3M 102,786.44 -29,845.85
LAST 6M 169,824.52 52,410.32
LAST 12M 264,693.58 128,545.97

Sutlej Textiles and Industries Ltd Information

Stock PE (TTM)
0
Promoter Holding
63.96%
Book Value
58.6651
ROCE
7.45%
ROE
5.03%
Description
  • Sutlej Textiles & Industries Limited was incorporated on 22 June, 2005 and was created out of a corporate restructuring exercise in which the Textiles Division of Sutlej Industries Ltd. (SIL) and DamanGanga Processors Ltd. were demerged to form a single cohesive company effective from July 1,2005. The Company is one of the flagship unit of the multi-product conglomerate K K Birla Group. The Group has its dominant presence in Fertilizer, Engineering, Textiles, Sugar, Tea, Coffee, Food, Products, media , information Technology , Biotechnology and Shipping. The Company`s spinning units - Rajasthan Textile Mills (RTM) in Bhawanimandi, Rajasthan and Chenab Textile Mills (CTM) in Kathua, Jammu and Kashmir - manufacture a range of dyed spun yarns that address the demanding needs of fabric makers and are also consumed within the Company to manufacture fabrics and home furnishings. Over the years, Sutlej emerged among a handful of Indian companies with the competence to weave specialty yarns (lycra, coolmax, modal and tencel yarns, among others). In 2006-07, the Company entered the home textiles segment through Damanganga Home Textiles. In 2008, it expanded Bhawanimandi Unit by adding 7,488 spindles to manufacture PV dyed yarn. It added 12,672 spindles at Bhawanimandi Unit for manufacturing cotton yarn. In 2010-11, it started commercial production from May 1, 2009, with expanded capacity of 31,104 spindles at Chenab Textile Mills, Jammu & Kashmir to manufacture cotton melange and cotton blended dyed yarn. Besides, a 12 MW Thermal Power Plant was installed at Bhawanimandi Unit. In 2014, the Company`s state-of-the-art M�lange Yarn Development Centre facilitated new product development; the Company also established a Synthetic Yarn Development Centre during the year. It started commercial production of its 31,104 new spindles installed in November 2014 at Chenab Textile Mills, Kathua, Jammu & Kashmir, at a project cost of Rs 151 Crore to manufacture value-added cotton m�lange and cotton-blended dyed yarn; it further expanded operations in the Home Textiles Division at the Damanganga Home Textiles. In 2015, the Company acquired Birla Textile Mills, a unit of Chambal Fertilisers and Chemicals Limited, as a going concern on a slump sale basis; it commenced work on brownfield expansion project to manufacture value-added yarn at Rajasthan with 35,280 spindles. The expansion project of Home Textiles Plant at Bhilad started during the year 2014-15. In 2017, the Company set up a 2.2 MW Rooftop Solar Power Plant at Bhawanimandi unit; introduced latest machinery at Unit 7 in Bhawanimandi and commissioned 2,064 spindles manufacturing synthetic yarns; thereafter, it installed 18 Circular Knitting Machines in the Bhawanimandi Plant. The Company started Green Fiber Plant in March, 2021.

Registered Address

Pachpahar road, , Bhawanimandi, Rajasthan, 326502

Tel : 91-07433-222052/82/90
Email : stil.investor_grievance:sutlej-rtm.co.in; hoffice:
Website : http://www.sutlejtextiles.com
Registrar

Sharepro Services (I) Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 532782
NSE Code : SUTLEJTEX
Book Closure Date (Month) :
BSE Group : B
ISIN : INE645H01027

FAQ’s on Sutlej Textiles and Industries Ltd Shares

You can buy Sutlej Textiles and Industries Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Sutlej Textiles and Industries Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 24, 2024 03:53 PM the closing price of Sutlej Textiles and Industries Ltd was Rs.54.45.

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 May 24, 2024 03:53 PM, the market cap of Sutlej Textiles and Industries Ltd stood at Rs. 892.05.

The latest PE ratio of Sutlej Textiles and Industries Ltd as of May 24, 2024 03:53 PM is 0.00

The latest PB ratio of Sutlej Textiles and Industries Ltd as of May 24, 2024 03:53 PM is 1.08

The 52-week high of Sutlej Textiles and Industries Ltd share price is Rs. 73.45 while the 52-week low is Rs. 44.10

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