Sutlej Textiles And Industries Ltd.
Snapshot View

70.05 -2.00 ▼-2.8%

04 August 2021, 04:01:42 P.M.
Volume: 838,836

Overview View Details

Sector Textile Compare with Sector peers
Industry Textile - Spinning Compare with Industry peers
Website http://www.rtmyarn.com
Financial Indicators
Market Cap 1,181.20 Cr.
Earnings per share (EPS) 3.35 Trailing Twelve Months Ending 2021-06
Price-Earning Ratio (PE) 21.49 Trailing Twelve Months Ending 2021-06
Industry PE 23.56 Trailing Twelve Months Ending 2021-06
Book Value / Share 59.52 Trailing Twelve Months Ending 2021-06
Price to Book Value 1.21 Calculated using Price: 72.10
Dividend Yield 0.42 Period Ending 2020-03
No. of Shares Subscribed 16.38 Cr. 163,828,620 Shares
FaceValue 1
Company Profile

Sutlej Textiles and Industries Limited was incorporated on June 22, 2005 and was created out of a corporate restructuring exercise in which the textiles divisions of Sutlej Industries Limited (SIL) and Damanganga Processors Limited (DPL) were demerged into Sutlej with effect from July 1, 2005. Sutlej is a part of the KK Birla Group of companies. It has inherited the legacy of SIL, which was promoted by late G D Birla in 1934 under the name of Sutlej Cotton Mills Limited, which was subsequently changed to Sutlej Industries Limited in 1995. Dr K K Birla is the chairman of Sutlej and is also the chairman of the KK Birla Group of companies.

Sutlej is also one of the prominent manufacturers of cotton and cotton blended dyed and melange yarn in the country. The company has two major units producing synthetic and blended yarns and 100% yarns. It manufactures cotton goods including drills, saris, bed sheets, towels and twills. It is an integrated player in the textiles industry with a value chain extending from yarn at one end and extending to fabric, garments and home textiles at the other, enabling it to address opportunities in every intervening segment.

The company’s manufacturing unit are located at Kathua in Jammu & Kashmir, Bhawanimandi in Rajasthan and Daheli in Gujarat.

Historical Background:

Originally, SIL was set up with a composite textile mill at Okara, now in Pakistan. After the partition in 1947, the factory at Okara was seized by the government of Pakistan. In the year 1963, SIL established Rajasthan Textile Mills (RTM) at Bhawanimandi, District Jhalawar, Rajasthan, to produce cotton yarn. In 1970, it diversified into synthetic blended yarn.

In 1981, it leased a spinning unit called Chenab Textile Mills (CTM) from Texmaco Ltd. situated at Kathua (Jammu & Kashmir), manufacturing cotton yarn and synthetic yarn. Subsequently in 1997, SIL purchased all the assets of CTM.  

In 2001, SIL forward integrated its operations by establishing Damanganga Fabrics (DGF) at Daheli in Gujarat to manufacture and process fabrics.

Sutlej has recently installed facilities to manufacture home furnishings and garments at DGF.

Activities of the company:

1) Spinning: Sutlej is the biggest producer and is one of the largest exporters of value-added synthetic and blended dyed spun yarn in the country. It is also one of the prominent manufacturers of cotton and cotton blended dyed and melange yarn in the country. 

Sutlej is a one-stop-shop for all types of spun yarns for its customers because of a broad product range. The company is a pioneer in developing a large number of blends and shades to meet the ever changing requirement of its customers.

2) Weaving: Sutlej manufactures woven fabrics, which are mainly used for suiting and trousers. Sutlej’s strength to offer a vast product range stems from its ability to blend various yarns to ensure the right texture, style and above all, the right value-for-money products to its clients.

It has state-of-the-art technology with computer aided designing equipments, enabling wider range of design executed with precision, ensuring wider choices and lower.

3) The Home Textiles Project: The Home Textiles project has started commercial production since July 2006 to produce 1.8 million metres of home furnishing fabrics per annum.

The product range comprises furnishing fabrics and made-ups of Jacquard and Dobby weaves of various types of fibre like cotton, polyester, rayon blends, chenille, flax, silk, jute, linen and other blends. The product range also includes curtain fabrics, upholstery fabrics, seats and seat covers; mattress covers, bed spreads and covers; quilts and quilting materials; table linen and kitchen linen, etc. It offers further value-added fabrics in terms of hand painted fabrics and embroidered fabrics.

4) Garments: The garments production unit has commenced commercial production in October, 2006 with a capacity of 1.5 million trousers per annum.

Clientele:

Its customers include ITC, Pantaloon, Westside, Siyaram's, Arvind, Grasim.-Monte Carlo, Harry's Collection, Donear, Digjam and Raymond, Arrow (US), Penny (US), Marks & Spencer (UK), JC, Next (UK), B H S (UK), ASDA (UK) and Carrefour (France). The company's plants are located at Rajasthan, Jammu & Kashmir and Gujarat.

Achievements:

  • Sutlej is the biggest producer and is one of the largest exporters of value-added synthetic and blended dyed spun yarn in the country
  • It is also amongst few exclusive spinners in India for specialty yarns such as Modal, Lyocell and Tencel in the country.
  • The company has emerged as a preferred supplier of fabrics on account of its colours, blends, textures and finishes in more than 26 countries.
  • Sutlej started a pilot plant in the fourth quarter of 2005-2006 to test market its products. The trousers produced and exported have been well received. Sutlej is expanding its capacities to produce suits and blazers, as well.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-2.78%
1 Week
-9.67%
1 Month
+22.79%
3 Month
+63.48%
6 Month
+67.99%
1 Year
+285.95%
2 Year
+161.38%
5 Year
+5.88%
3 years 2018-03 2019-03 2020-03
Return on Equity (%) 12.50 6.30 2.91
Return on Capital Employed (%) 11.09 7.29 4.99
Return on Assets (%) 4.89 2.62 1.30

Balance Sheet View Details

Particulars 3 years 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 907 942 959
Non Curr. Liab. 555 496 541
Curr. Liab. 857 695 624
Minority Int.
Equity & Liab. 2,318 2,133 2,125
Non Curr. Assets 1,184 1,128 1,255
Curr. Assets 1,135 1,005 870
Misc. Exp. not W/O
Total Assets 2,318 2,133 2,125

Profit Loss View Details

Particulars 3 years 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 2,476 2,614 2,417
Other Income 34 28 25
Total Income 2,510 2,642 2,442
Total Expenditure -2,229 -2,402 -2,245
PBIDT 281 240 198
Interest -59 -57 -46
Depreciation -107 -101 -101
Taxation -44 -24 -19
Exceptional Items 42 -4
PAT 113 58 28

Cash Flow View Details

Particulars 3 years 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. 157 217 319
Cash Fr. Inv. -73 -14 -209
Cash Fr. Finan. -74 -207 -109
Net Change 11 -4 2
Cash & Cash Eqvt 13 9 10

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 63.90 63.90 63.90 63.90 63.90 63.90 63.90 63.90 63.90
Public 36.10 36.10 36.10 36.10 36.10 36.10 36.10 36.10 36.10
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 2.87 2.87 2.87 2.87 2.87 2.87 2.87 2.87 2.87

Announcements View Details

Tue, 03 Aug 2021
Investor Presentation
Sutlej Textiles and Industries Limited has informed the Exchange about Investor Presentation
Fri, 30 Jul 2021
Financial Result Updates
Sutlej Textiles and Industries Limited has submitted to the Exchange, the financial results for the period ended June 30, 2021.
Fri, 30 Jul 2021
Outcome of Board Meeting
Sutlej Textiles and Industries Limited has informed the Exchange regarding Board meeting held on July 30, 2021.

Technical Scans View Details

Tue, 03 Aug 2021
Close Crossing Last Month Close From Below Close Crossing Last Month Close From Below
Opening at High Opening at High
Close Within 52 Week High Zone Close Within 52 Week High Zone
Mon, 02 Aug 2021
Close Crossing Last Month Close from Above Close Crossing Last Month Close from Above
Close Within 52 Week High Zone Close Within 52 Week High Zone

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