Sumeet Industries Ltd.
Snapshot View

9.10 -0.47 ▼-4.9%

05 August 2021, 04:00:00 P.M.
Volume: 8,132

Overview View Details

Sector Textile Compare with Sector peers
Industry Textile - Spinning Compare with Industry peers
Website http://www.sumeetindustries.com
Financial Indicators
Market Cap 94.31 Cr.
Earnings per share (EPS) 0.31 Trailing Twelve Months Ending 2021-06
Price-Earning Ratio (PE) 29.26 Trailing Twelve Months Ending 2021-06
Industry PE 22.32 Trailing Twelve Months Ending 2021-06
Book Value / Share -5.86 Trailing Twelve Months Ending 2021-06
Price to Book Value -1.55 Calculated using Price: 9.10
Dividend Yield 0.00 Period Ending 2020-03
No. of Shares Subscribed 10.36 Cr. 103,642,389 Shares
FaceValue 10
Company Profile

Shankarlal Somani established Sumeet Industries Limited in 1989.  The company started as a yarn manufacturing unit and has now grown in a huge conglomerate with various businesses with an annual turn over of Rs. 1200 million ($ 27 million).

The company has been promoted by Shri Shankarlal Somani, Mahesh kumar Somani and Rajkumar Somani belonging to a reputed and well established business family hailing from Dist. Sikar of Rajasthan.

The company started its Polypropylene plant way back in 1992. The technology was imported from Neumag, Germany who is the pioneer in Polypropylene plant in the world. It produces dope dyed polypropylene yarn in which accuracy and uniformity of colour is guaranteed. Its products are marketed under brand name “SUMILON” and have an approximate market share of 20% in India.

The company started its polyester operations in 2004. We have installed new state of art automatic craft winder plant imported from Barmag, Germany, which is the most latest & cost efficient technology in the world. The initial capacity is 12500 M. Tones per annum, but it will be increased in near future. Company is importing PET chips or buying locally from suppliers of international repute. The spin finish oil is imported from Tako Moto, Japan.

It started its menthol operations in 2006. It has installed a capacity to produce 900 M. Tonnes of Peppermint oil & 300 M Tonnes Menthol Crystal (with/without Turpentine). The company is already in the process of installing huge capacities of Menthol Flakes & Menthol Crystals. The total plant is made up of stainless steel to avoid contamination in the product.

All the products manufactured or procured goes through various stringent tests to assure the quality & consistency of products.  their company believes in Quality, Customer & Commitment

Product range of the company includes:

  • PET  Chips
  • Polyester Yarn
  • Polypropylene Yarn
  • Woven Fabric
  • Menthol & Allied Products

Milestones:

  • 1988- Formation of Sumeet Industries Pvt. Ltd.
  • 1992 -Conversion from Private Limited To Public Limited
  • 1993 -Installed capacity of 1500 MT per annum of Polypropylene Multifilament Yarn.
  • 1995- Installed capacities of Texturising & Twisting of 1500 MT per annum for value addition
  • 1997- Increased the capacity of Polypropylene Multifilament Yarn to 4000 MT per annum.
  • 1999 -Increased the capacity of Texturising & Twisting to 3900 MT & 2000 MT respectively per annum.
  • 2004 -Installed coal based power plant of 2.5 MW for captive power generation.
  • 2005- Installed Polyester Spinning Plant to manufacture 10000 MT Polyester POY per annum.
  • 2006- Installed 60 Waterjet Looms to manufacture 4 million meters fabric per annum.
  • 2006- Installed Menthol Distilling & Crystallizing Capacities.
  • 2006- Expanded capacity of filament yarn by 10000 ton per annum by setting up a brand new POY plant supplied by Barmag, Germany.
  • 2007 -At present company has coal based power plant of 2.35 MW. Now with the help of Gujarat Gas Company we are looking forward to install gas based power plant. 

Achievements/ recognition:

  • The Company is an ISO 9001:2000 Certified Company
  • The Company is a Kosher Certified Company.
  • The company has been recognized as a Star Export House by The Government of India.
  • It has received award for Highest Export Performance in Polypropylene Yarn in 2001–02.
  • It has received Gold Trophy for Outstanding Export Performance for year 2001– 04 from SRTEPC.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-4.91%
1 Week
+0.55%
1 Month
+9.90%
3 Month
+105.88%
6 Month
+166.08%
1 Year
+400.0%
2 Year
+244.70%
5 Year
-21.96%
9 years 2009-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 8.47 15.62 9.96 10.15 8.00 14.42 -0.82 -53.86 -904.24
Return on Capital Employed (%) 7.87 12.58 9.11 9.42 10.36 14.28 5.68 -8.28 -17.39
Return on Assets (%) 2.46 3.85 2.29 2.31 1.90 3.86 -0.26 -12.70 -17.94

Balance Sheet View Details

Particulars 8 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 203 223 244 278 291 350 85 -54
Non Curr. Liab. 269 295 220 237 247 194 174 91
Curr. Liab. 309 382 509 498 465 488 551 708
Minority Int.
Equity & Liab. 782 900 973 1,013 1,003 1,032 810 745
Non Curr. Assets 399 438 433 423 437 394 358 322
Curr. Assets 383 462 541 590 566 638 452 424
Misc. Exp. not W/O
Total Assets 782 900 973 1,013 1,003 1,032 810 745

Profit Loss View Details

Particulars 9 years 2009-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 158 1,159 1,228 1,165 1,235 1,406 1,205 867 707
Other Income 1 6 9 7 6 9 10 4 4
Total Income 159 1,165 1,237 1,172 1,241 1,415 1,215 871 711
Total Expenditure -145 -1,095 -1,153 -1,087 -1,147 -1,287 -1,117 -827 -775
PBIDT 14 71 84 85 94 128 98 43 -64
Interest -5 -22 -31 -37 -44 -50 -51 -63 -41
Depreciation -3 -20 -25 -20 -20 -20 -53 -47 -40
Taxation -3 -10 -9 -7 -12 -18 4 7 7
Exceptional Items -58
PAT 4 19 19 22 19 39 -3 -117 -139

Cash Flow View Details

Particulars 8 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. 45 -6 56 1 58 -52 -77 85
Cash Fr. Inv. -47 -65 -21 -1 -2 -7 5 0
Cash Fr. Finan. 21 79 -26 1 -52 55 51 -95
Net Change 18 8 9 1 4 -4 -21 -11
Cash & Cash Eqvt 24 32 41 42 46 43 11 1

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 21.67 21.67 21.67 21.67 21.67 21.67 21.67 21.67 21.67
Public 78.33 78.33 78.33 78.33 78.33 78.33 78.33 78.33 78.33
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 42.27 42.27 42.27 42.27 42.27 42.27 19.90 0.00 0.00

Announcements View Details

Thu, 05 Aug 2021
Shareholder Meeting-AGM On 14Th September 2021
Intimation of AGM on 14th September 2021
Thu, 05 Aug 2021
Fixes Book Closure For AGM
Fixes Book Closure for AGM on dated 14/09/2021
Wed, 04 Aug 2021
Board Meeting Outcome for Out Come Of Board Meeting Held On 4Th August 2021
Out come of Board Meeting held on 4th August 2021

Technical Scans View Details

Wed, 04 Aug 2021
Opening at Low Opening at Low
S Close Above Last Week High
CCI Trending Down CCI Trending Down
Tue, 03 Aug 2021
Higher Delivery Quantity Higher Delivery Quantity
Higher Trade Quantity Higher Trade Quantity

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