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Results
29-Apr-23
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Analysis
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Satia Industries
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Revenue Up 75.3% YoY, PAT up 56.6% YoY in Q4FY2023
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On standalone basis
Quarter ended March 2023 compared
with Quarter ended March 2022.
Net sales (including other operating
income) of Satia Industries has increased 75.33% to Rs 520.64
crore. Sales of Paper segment has gone up 76.38% to Rs 520.30 crore
(accounting for 82.65% of total sales). Sales of Agriculture segment
has gone down 82.66% to Rs 0.34 crore (accounting for 0.05% of total
sales). Sales of Co Generation segment has gone up 104.42% to Rs 108.89
crore (accounting for 17.30% of total sales). Inter-segment sales
rose Rs 53.27 crore to Rs 108.89 crore.
Profit
before interest, tax and other unallocable items (PBIT) has slumped 39.13% to
Rs 26.66 crore. PBIT of Paper reported loss of Rs 15.18 crore
compared to profit of Rs 23.52 crore. PBIT of Agriculture segment
rose 120.20% to Rs 2.00 crore (accounting for 7.51% of total
PBIT). PBIT of Co Generation segment rose 105.66% to Rs 39.84 crore
(accounting for 149.44% of total PBIT).
PBIT
margin of Paper segment fell from 7.97% to 2.92%. PBIT margin of
Agriculture segment rose from 46.27% to 587.53%. PBIT margin of Co
Generation segment rose from 36.37% to 36.59%. Overall PBIT margin
fell from 12.51% to 4.23%.
Operating profit margin has jumped
from 19.39% to 26.15%, leading to 136.49% rise in operating profit to Rs 136.17
crore. Raw material cost as a % of total sales (net of stock
adjustments) decreased from 48.81% to 39.56%. Purchase of finished
goods cost fell from 2.36% to 0.66%. Employee cost increased from
5.35% to 5.70%. Other expenses rose from 24.67% to 27.83%.
Other
income fell 58.32% to Rs 2.78 crore. PBIDT rose 116.26% to Rs 138.95
crore. Provision for interest up 18.11% to Rs 9.98
crore. Loan funds declined from Rs 442.71 crore as of 31 March 2022
to Rs 434.71 crore as of 31 March 2023. Inventories rose to Rs
159.65 crore as of 31 March 2023 from Rs 146.67 crore as of 31 March
2022. Sundry debtors were higher at Rs 190.44 crore as of 31 March
2023 compared to Rs 106.46 crore as of 31 March 2022. Cash and bank
balance rose to Rs 18.43 crore as of 31 March 2023 from Rs 12.71 crore as of 31
March 2022. Investments declined from Rs 7.46 crore as of 31 March
2022 to Rs 6.52 crore as of 31 March 2023.
PBDT
rose 131.13% to Rs 128.97 crore. Provision for depreciation rose
448.88% to Rs 112.3 crore. Fixed assets declined from Rs 892.47
crore as of 31 March 2022 to Rs 839.36 crore as of 31 March
2023. Intangible assets declined from Rs 2.47 crore to Rs 2.20
crore.
Profit
before tax down 52.83% to Rs 16.67 crore. Provision for tax was
credit of Rs 29.61 crore, compared to debit of Rs 5.78
crore. Effective tax rate was negative 177.62% compared to 16.36%.
Profit
after tax rose 56.56% to Rs 46.28 crore.
Equity
capital stood at Rs 10.00 crore as of 31 March 2023 to Rs 10.00 crore as of 31
March 2022. Per share face Value remained same at Rs
1.00.
Promoters’
stake was 51.79% as of 31 March 2023 ,compared to 51.79% as of 31 March 2022
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Full year results analysis
Net sales (including other operating income) of Satia
Industries has increased 111.44% to Rs 1,883.74 crore. Sales of
Paper segment has gone up 112.15% to Rs 1,882.74 crore (accounting for 83.08%
of total sales). Sales of Agriculture segment has gone down 61.58%
to Rs 1.01 crore (accounting for 0.04% of total sales). Sales of Co
Generation Division segment has gone up 134.64% to Rs 382.30 crore (accounting
for 16.87% of total sales). Inter-segment sales rose Rs 162.93 crore
to Rs 382.30 crore.
Profit
before interest, tax and other unallocable items (PBIT) has jumped 51.29% to Rs
218.70 crore. PBIT of Paper segment rose 5.91% to Rs 73.11 crore
(accounting for 33.43% of total PBIT). PBIT of Agriculture segment
fell 44.10% to Rs 3.33 crore (accounting for 1.52% of total
PBIT). PBIT of Co Generation Division segment rose 109.02% to Rs
142.26 crore (accounting for 65.05% of total PBIT).
PBIT
margin of Paper segment fell from 7.78% to 3.88%. PBIT margin of
Agriculture segment rose from 227.40% to 330.86%. PBIT margin of Co
Generation Division segment fell from 41.77% to 37.21%. Overall PBIT
margin fell from 13.72% to 9.65%.
Operating profit margin has jumped
from 20.72% to 21.86%, leading to 123.01% rise in operating profit to Rs 411.76
crore. Raw material cost as a % of total sales (net of stock
adjustments) increased from 43.57% to 46.16%. Purchase of finished
goods cost rose from 0.81% to 1.27%. Employee cost decreased from
6.72% to 4.85%. Other expenses fell from 28.16% to 25.92%.
Other
income fell 45.55% to Rs 14.06 crore. PBIDT rose 102.33% to Rs
425.82 crore. Provision for interest up 60.79% to Rs 35.18
crore. Loan funds declined from Rs 442.71 crore as of 31 March 2022
to Rs 434.71 crore as of 31 March 2023. Inventories rose to Rs
159.65 crore as of 31 March 2023 from Rs 146.67 crore as of 31 March
2022. Sundry debtors were higher at Rs 190.44 crore as of 31 March
2023 compared to Rs 106.46 crore as of 31 March 2022. Cash and bank
balance rose to Rs 18.43 crore as of 31 March 2023 from Rs 12.71 crore as of 31
March 2022. Investments declined from Rs 7.46 crore as of 31 March
2022 to Rs 6.52 crore as of 31 March 2023.
PBDT
rose 107.15% to Rs 390.64 crore. Provision for depreciation rose
214.21% to Rs 207.13 crore. Fixed assets declined from Rs 892.47
crore as of 31 March 2022 to Rs 839.36 crore as of 31 March
2023. Intangible assets declined from Rs 2.47 crore to Rs 2.20
crore.
Profit
before tax grew 49.61% to Rs 183.51 crore. Provision for tax was
credit of Rs 8.66 crore, compared to debit of Rs 21.99
crore. Effective tax rate was negative 4.72% compared to 17.93%.
Profit
after tax rose 90.89% to Rs 192.17 crore.
Equity
capital stood at Rs 10.00 crore as of 31 March 2023 to Rs 10.00 crore as of 31
March 2022. Per share face Value remained same at Rs
1.00.
Promoters’
stake was 51.79% as of 31 March 2023 ,compared to 51.79% as of 31 March 2022
.
Cash flow from operating activities increased to
Rs 282.10 crore for year ended March 2023 from Rs 159.57 crore for year ended
March 2022. Cash flow used in acquiring fixed assets during the year
ended March 2023 stood at Rs 202.96 crore, compared to Rs 218.96 crore during
the year ended March 2022.
| Satia Industries : Standalone Results | | Quarter ended | Year ended |
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| Particulars | 202303 | 202203 | Var.(%) | 202303 | 202203 | Var.(%) |
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| Net Sales (including other operating income) | 520.64 | 296.95 | 75.33 | 1,883.74 | 890.93 | 111.44 | | OPM (%) | 26.15 | 19.39 | 676 bps | 21.86 | 20.72 | 113 bps | | OP | 136.17 | 57.58 | 136.49 | 411.76 | 184.64 | 123.01 | | Other Inc. | 2.78 | 6.67 | -58.32 | 14.06 | 25.82 | -45.55 | | PBIDT | 138.95 | 64.25 | 116.26 | 425.82 | 210.46 | 102.33 | | Interest | 9.98 | 8.45 | 18.11 | 35.18 | 21.88 | 60.79 | | PBDT | 128.97 | 55.80 | 131.13 | 390.64 | 188.58 | 107.15 | | Depreciation | 112.3 | 20.46 | 448.88 | 207.13 | 65.92 | 214.21 | | PBT | 16.67 | 35.34 | -52.83 | 183.51 | 122.66 | 49.61 | | PBT before EO | 16.67 | 35.34 | -52.83 | 183.51 | 122.66 | 49.61 | | EO Income | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 16.67 | 35.34 | -52.83 | 183.51 | 122.66 | 49.61 | | Taxation | -29.61 | 5.78 | LP | -8.66 | 21.99 | LP | | PAT | 46.28 | 29.56 | 56.56 | 192.17 | 100.67 | 90.89 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 46.28 | 29.56 | 56.56 | 192.17 | 100.67 | 90.89 | | EPS (Rs)* | 4.63 | 2.96 | 56.56 | 19.22 | 10.07 | 90.89 | | | * EPS is on current equity of Rs 10.00 crore, Face value of Rs 1, Excluding extraordinary items. | | # EPS is not annualised | | bps : Basis points | | EO : Extraordinary items | | Figures in Rs crore | | Source: Capitaline Corporate Database |
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| Satia Industries : Standalone Segment Results | | | Quarter ended | Year ended |
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| % of (Total) | 202303 | 202203 | Var.(%) | % of (Total) | 202303 | 202203 | Var.(%) |
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| Sales | | Paper | 82.65 | 520.30 | 294.99 | 76.38 | 83.08 | 1,882.74 | 887.45 | 112.15 | | Yarn & Cotton | 0.00 | 0.00 | 0.00 | - | | Agriculture | 0.05 | 0.34 | 1.97 | -82.66 | 0.04 | 1.01 | 2.62 | -61.58 | | Co Generation | 17.30 | 108.89 | 53.27 | 104.42 | 16.87 | 382.30 | 162.93 | 134.64 | | Solar DivisionSolar Division | 0.00 | 0.00 | 0.00 | - | | Total Reported Sales | 100.00 | 629.54 | 350.22 | 79.75 | 100.00 | 2,266.05 | 1,053.86 | 115.02 | | Less: Inter segment revenues | | 108.89 | 53.27 | 104.42 | | 382.30 | 162.93 | 134.64 | | Net Sales | 100.00 | 520.64 | 296.95 | 75.33 | 100.00 | 1,883.74 | 890.93 | 111.44 | | PBIT | | Paper | -56.95 | -15.18 | 23.52 | PL | 33.43 | 73.11 | 69.03 | 5.91 | | Yarn & Cotton | 0.00 | 0.00 | 0.00 | - | | Agriculture | 7.51 | 2.00 | 0.91 | 120.20 | 1.52 | 3.33 | 5.96 | -44.10 | | Co Generation | 149.44 | 39.84 | 19.37 | 105.66 | 65.05 | 142.26 | 68.06 | 109.02 | | Solar DivisionSolar Division | 0.00 | 0.00 | 0.00 | - | | Total PBIT | 100.00 | 26.66 | 43.80 | -39.13 | 100.00 | 218.70 | 144.55 | 51.29 | | Less : Interest | | 9.98 | 8.45 | 18.10 | | 35.18 | 21.88 | 60.76 | | Add: Other un-allcoable | | 0.00 | 0.00 | - | | 0.00 | 0.00 | - | | PBIT Margin(%) | | Paper | | -2.92 | 7.97 | -1,089.02 | | 3.88 | 7.78 | -389.51 | | Yarn & Cotton | | 0.00 | 0.00 | 0.00 | | Agriculture | | 587.53 | 46.27 | 54,126.65 | | 330.86 | 227.40 | 10,346.07 | | Co Generation | | 36.59 | 36.37 | 22.00 | | 37.21 | 41.77 | -456.01 | | Solar DivisionSolar Division | | 0.00 | 0.00 | 0.00 | | 0.00 | 174.98 | -17,498.26 | | PBT | 100.00 | 16.67 | 35.34 | -52.82 | 100.00 | 183.52 | 122.67 | 49.60 |
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Peer Comparision (Standalone)
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Q-202303
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Sales
(Rs. Crs)
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var.(%)
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OP
(Rs. Crs)
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var.(%)
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Net Profit
(Rs. Crs)
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var.(%)
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Share Price(Rs)
28-Apr-2023
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var.(%)
over
One year
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TTM EPS
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TTM PE
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Satia Industries Ltd
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520.64
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75.33
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136.17
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136.49
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46.28
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56.56
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122.85
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-7.32
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19.22
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6.39
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Century Textiles & Industries Ltd
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1,186.54
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-0.08
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428.01
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170.86
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75.63
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13.39
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680.70
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-20.64
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23.92
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28.46
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Industry
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1,707.18
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15.01
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564.18
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161.68
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121.91
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26.65
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8,136.56
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-22.92
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5.46
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Previous News |
Satia Industries standalone net profit declines 14.76% in the March 2024 quarter
(
Results
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Announcements
27-May-24
16:47
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Satia Industries fixes record date for interim dividend
(
Market Beat
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Reports
11-Feb-23
10:44
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Satia Industries fixes record date for interim dividend
(
Market Beat
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Reports
31-Jan-23
13:15
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Satia Industries fixes record date for interim dividend
(
Market Beat
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Reports
11-Aug-23
12:59
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Satia Industries standalone net profit rises 38.02% in the June 2022 quarter
(
Results
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Announcements
03-Aug-22
17:17
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Satia Industries standalone net profit declines 43.68% in the March 2020 quarter
(
Results
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Announcements
22-Jun-20
18:26
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Satia Industries standalone net profit rises 178.27% in the June 2023 quarter
(
Results
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Announcements
11-Aug-23
15:07
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Satia Industries to hold board meeting
(
Corporate News
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17-Apr-23
10:13
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Satia Industries fixes record date for interim dividend
(
Market Beat
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Reports
10-Feb-20
09:59
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Satia Industries revises record date for interim dividend
(
Market Beat
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Reports
02-Feb-23
18:24
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Satia Industries standalone net profit rises 56.56% in the March 2023 quarter
(
Results
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Announcements
28-Apr-23
17:08
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