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Deepak Spinners
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Deepak Spinners Limited was incorporated in Mar.'82. The Company promoted by P K Daka is a manufacturer of Synthetic Staple Fibres Yarn, Man-made Fibres blended yarn. It has two spinning units located at Guna (Madhya Pradesh) and Baddi (Himachal Pradesh).
In 1994-95, the company installed 2304 spindles and related machines along with two imported auto-coners, TFO dyeing plant, boiler, etc. The first phase of the company's 100% EOU, Deepak Polyspin (cap.: 8640 spindles), was installed in 1995. The second phase (cap.: 8640 spindles) was also completed.
During 96-97, the company expanded the installed capacity from 56,256 to 62,016 Spindles. During 1998-99. it also also installed two nos. imported Autoconers at Baddi unit. The company is planning to set up captive power plant for its Guna Unit with a view to reduce power costs. It has also obtained sanction for financial assistance under TUF.
The Company established Power division at Guna Unit by installing a power plant of 3 MW capacity based on biomass fuel which commissioned in March, 2004.
During the year 2013, Company divested its entire shareholding in DSL Hydrowatt Limited and, as such, this company no longer remained a subsidiary of Company. In 2015, it completed major renovation / replacement of machinery at both plants at a cost of Rs 10 crores; completed project of Guna plant capacity expansion, by installing 14,112 spindles together with related machinery and accessories; completed the Dye House expansion at Baddi Unit.
During the year 2018, modernization and complete renovation of boiler and cooling tower of power plant at Guna was completed to improve efficiency and to reduce operational costs. It spent about Rs 6 crores on modernization and upgradation at both plants of the Company in 2019-20.
During the year 2021-22, 66 KV electricity connection at Baddi plant was commissioned with investments costing Rs 11.34 crores.
Deepak Spinners share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Deepak Spinners indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Deepak Spinners is valued compared to its competitors.
Deepak Spinners PE ratio helps investors understand what is the market value of each stock compared to Deepak Spinners 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Deepak Spinners evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Deepak Spinners generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Deepak Spinners in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Deepak Spinners shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Deepak Spinners compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Deepak Spinners over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Deepak Spinners helps investors get an insight into when they can enter or exit the stock. Key components of Deepak Spinners Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Deepak Spinners shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Deepak Spinners ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Deepak Spinners provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Deepak Spinners highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Deepak Spinners .
The balance sheet presents a snapshot of Deepak Spinners ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.