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Commentary (9 May 2024 @ 05:32):

Salona Cotspin Limited produces and sells cotton yarn, knitted fabrics, and garments in India. The company offers ring spin, open end, slub, hank, and compact cotton and blend yarn products...

Stats
Today's Volume	10 849.00
Average Volume	11 089.00
Market Cap	1.51B
EPS	INR0 ( 2024-01-09 )
Last Dividend	INR1.200 ( 2022-09-20 )
Next Dividend	INR0 ( N/A )
P/E	18.10
ATR14	INR1.435 (0.50%)

Volume Correlation

Long: -0.13 (neutral)

Short: -0.63 (weak negative)

Signal:(43.549) Neutral

Salona Cotspin Limited Correlation

10 Most Positive Correlations

10 Most Negative Correlations

Did You Know?

Correlation is a statistical measure that describes the relationship between two variables. It ranges from -1 to 1, where -1 indicates a perfect negative correlation (as one variable increases, the other decreases), 1 indicates a perfect positive correlation (as one variable increases, the other increases), and 0 indicates no correlation (there is no relationship between the variables).

Correlation can be used to analyze the relationship between any two variables, not just stocks. It's commonly used in fields such as finance, economics, psychology, and more.

Salona Cotspin Limited Correlation - Currency/Commodity

-0.79
( moderate negative )

-0.67
( moderate negative )

-0.45
( neutral )

-0.77
( moderate negative )

0.45
( neutral )

0.78
( moderate )

Salona Cotspin Limited Financials

Annual	2022
Revenue:	INR4.87B
Gross Profit:	INR824.34M (16.93 %)
EPS:	INR33.39

FY	2022
Revenue:	INR4.87B
Gross Profit:	INR824.34M (16.93 %)
EPS:	INR33.39

FY	2022
Revenue:	INR6.47B
Gross Profit:	INR1.10B (16.96 %)
EPS:	INR37.60

FY	2021
Revenue:	INR2.30B
Gross Profit:	INR485.63M (21.10 %)
EPS:	INR11.78

Financial Reports:

No articles found.

Salona Cotspin Limited Dividends

(Q3/22)	(Q4/22)	(Q1/23)	(Q2/23)	(Q3/23)	(Q4/23)	(Q1/24)	(Q2/24)	(Q3/24)	(Q4/24)
INR1.200 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)

Salona Cotspin Limited Dividend Information - No Dividend Player

Dividend Sustainability Score: 1.561 - low (50.00%) | Divividend Growth Potential Score: 2.28 - Decrease likely (54.38%)

Very Unsafe

High risk of being cut

Unsafe

Heightened risk of being cut

Borderline

Moderate risk of being cut

Safe

Unlikely to be cut

Very Safe

Very unlikely to be cut

Information

First Dividend	INR1.000	2010-09-08
Last Dividend	INR1.200	2022-09-20
Next Dividend	INR0	N/A
Payout Date	0000-00-00
Next Payout Date	N/A
# dividends	9	--
Total Paid Out	INR7.95	--
Avg. Dividend % Per Year	0.26%	--
Score	0.97	--
Div. Sustainability Score	1.561
Div.Growth Potential Score	2.28
Div. Directional Score	1.921	--

Next Divdend (Est)
(2025-09-01)

INR0 Estimate 0.00 %

Dividend Stability

0.03 Very Bad

Dividend Score

0.97

Pay Frequency

Sporadic

Yearly Payout

Year	Amount	Yield
2010	INR0	0.00%
2011	INR0	0.00%
2012	INR0	0.00%
2013	INR0	0.00%
2014	INR0	0.00%
2015	INR0	0.00%
2016	INR0	0.00%
2017	INR0	0.00%
2018	INR0.600	0.60%
2019	INR0.600	0.83%
2020	INR0	0.00%
2021	INR1.000	1.32%
2022	INR1.200	0.43%
2023	INR0	0.00%
2024	INR0	0.00%

Dividend Commentary

The company's low Dividend Sustainability Score (DSS) highlights potential challenges in upholding its current dividend levels. Unfortunately, its low Dividend Growth Potential Score (DGPS) suggests limited prospects for dividend growth. In conclusion, a more vigilant stance is recommended given the company's tentative dividend landscape.

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PIIND.NS	Dividend Knight	2023-08-10	Semi-Annually	14	0.18%

Dividend Sustainability Score (DSS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
netProfitMarginTTM	0.0119	1.500	9.76	10.00	[0 - 0.5]
returnOnAssetsTTM	0	1.200	0	0	[0 - 0.3]
returnOnEquityTTM	0.110	1.500	9.88	10.00	[0.1 - 1]
payoutRatioTTM	0	-1.000	0	0	[0 - 1]
currentRatioTTM	0	0.800	-5.00	-4.00	[1 - 3]
quickRatioTTM	0	0.800	-4.71	-3.76	[0.8 - 2.5]
cashRatioTTM	0	1.500	-1.111	-1.667	[0.2 - 2]
debtRatioTTM	0	-1.500	0	0	[0 - 0.6]
interestCoverageTTM	1.452	1.000	-0.573	-0.573	[3 - 30]
operatingCashFlowPerShareTTM	20.53	2.00	3.16	6.31	[0 - 30]
freeCashFlowPerShareTTM	20.53	2.00	10.00	10.00	[0 - 20]
debtEquityRatioTTM	0	-1.500	0	0	[0 - 2.5]
grossProfitMarginTTM	0.105	1.000	-1.581	-1.581	[0.2 - 0.8]
operatingProfitMarginTTM	0.0331	1.000	-1.338	-1.338	[0.1 - 0.6]
cashFlowToDebtRatioTTM	0	1.000	-1.111	-1.111	[0.2 - 2]
assetTurnoverTTM	0	0.800	-3.33	-2.67	[0.5 - 2]
Total Score				1.561

Dividend Growth Score (DGS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
peRatioTTM	18.87	1.000	8.20	0	[1 - 100]
returnOnEquityTTM	0.110	2.50	9.93	10.00	[0.1 - 1.5]
freeCashFlowPerShareTTM	20.53	2.00	3.16	10.00	[0 - 30]
dividendYielPercentageTTM	0.400	1.500	0.00168	0	[0 - 0.4]
operatingCashFlowPerShareTTM	20.53	2.00	3.16	6.31	[0 - 30]
payoutRatioTTM	0	1.500	0	0	[0 - 1]
pegRatioTTM	-0.0899	1.500	-3.93	0	[0.5 - 2]
operatingCashFlowSalesRatioTTM	0.0154	1.000	-2.12	0	[0.1 - 0.5]
Total Score				2.28

Salona Cotspin Limited

Salona Cotspin Limited produces and sells cotton yarn, knitted fabrics, and garments in India. The company offers ring spin, open end, slub, hank, and compact cotton and blend yarn products. It also provides grey, dyed, and printed fabrics; and knitwear apparels. The company also exports its products. Salona Cotspin Limited was incorporated in 1994 and is based in Coimbatore, India.