Swasti Vinayaka Synthetics Ltd
Incorporated in 1981, Swasti Vinayaka Synthetics Limited is mainly engaged in the manufacturing of suiting, shirting and apparels
- Market Cap ₹ 72.0 Cr.
- Current Price ₹ 8.00
- High / Low ₹ 10.6 / 4.86
- Stock P/E 31.6
- Book Value ₹ 2.19
- Dividend Yield 0.00 %
- ROCE 16.2 %
- ROE 11.3 %
- Face Value ₹ 1.00
Pros
- Company is expected to give good quarter
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 6.79% over past five years.
- Company has a low return on equity of 11.2% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Textiles Industry: Textiles - Spinning - Synthetic / Blended
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
16.16 | 16.10 | 15.59 | 16.06 | 16.09 | 16.52 | 19.31 | 19.06 | 20.91 | 14.27 | 20.35 | 26.82 | 32.40 | |
14.96 | 14.34 | 14.12 | 14.29 | 13.75 | 13.68 | 16.21 | 15.40 | 18.37 | 11.49 | 17.61 | 23.65 | 28.83 | |
Operating Profit | 1.20 | 1.76 | 1.47 | 1.77 | 2.34 | 2.84 | 3.10 | 3.66 | 2.54 | 2.78 | 2.74 | 3.17 | 3.57 |
OPM % | 7.43% | 10.93% | 9.43% | 11.02% | 14.54% | 17.19% | 16.05% | 19.20% | 12.15% | 19.48% | 13.46% | 11.82% | 11.02% |
0.38 | 0.03 | 0.02 | 0.40 | 0.08 | 0.08 | 0.32 | 0.46 | 0.26 | 0.14 | 0.12 | 0.26 | 0.30 | |
Interest | 0.43 | 0.25 | 0.18 | 0.28 | 0.41 | 0.28 | 0.22 | 0.25 | 0.40 | 0.64 | 0.30 | 0.47 | 0.63 |
Depreciation | 0.36 | 0.36 | 0.34 | 0.69 | 0.66 | 0.49 | 0.47 | 0.42 | 0.49 | 0.28 | 0.28 | 0.32 | 0.29 |
Profit before tax | 0.79 | 1.18 | 0.97 | 1.20 | 1.35 | 2.15 | 2.73 | 3.45 | 1.91 | 2.00 | 2.28 | 2.64 | 2.95 |
Tax % | 20.25% | 32.20% | 50.52% | 37.50% | 34.07% | 43.72% | 24.54% | 26.96% | 25.13% | 23.00% | 23.68% | 24.62% | |
0.63 | 0.80 | 0.47 | 0.75 | 0.88 | 1.21 | 2.06 | 2.52 | 1.43 | 1.54 | 1.75 | 1.99 | 2.28 | |
EPS in Rs | 0.07 | 0.09 | 0.05 | 0.08 | 0.10 | 0.13 | 0.23 | 0.28 | 0.16 | 0.17 | 0.19 | 0.22 | 0.24 |
Dividend Payout % | 55.56% | 43.75% | 89.36% | 65.33% | 63.64% | 52.07% | 33.98% | 30.56% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | 5% |
5 Years: | 7% |
3 Years: | 9% |
TTM: | 28% |
Compounded Profit Growth | |
---|---|
10 Years: | 10% |
5 Years: | -1% |
3 Years: | 12% |
TTM: | 22% |
Stock Price CAGR | |
---|---|
10 Years: | 20% |
5 Years: | 22% |
3 Years: | 13% |
1 Year: | 59% |
Return on Equity | |
---|---|
10 Years: | 12% |
5 Years: | 13% |
3 Years: | 11% |
Last Year: | 11% |
Balance Sheet
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 9.00 | 9.00 | 9.00 |
Reserves | 2.22 | 1.74 | 1.68 | 1.79 | 1.95 | 2.35 | 3.52 | 5.79 | 5.95 | 7.87 | 7.61 | 9.61 | 10.73 |
2.13 | 1.56 | 0.84 | 2.42 | 0.80 | 1.45 | 1.84 | 3.19 | 6.40 | 2.64 | 0.83 | 2.35 | 5.77 | |
4.75 | 4.51 | 4.05 | 5.49 | 6.39 | 7.32 | 9.54 | 8.92 | 10.01 | 10.08 | 11.86 | 14.36 | 12.15 | |
Total Liabilities | 16.10 | 14.81 | 13.57 | 16.70 | 16.14 | 18.12 | 21.90 | 24.90 | 29.36 | 27.59 | 29.30 | 35.32 | 37.65 |
6.50 | 5.80 | 4.87 | 5.60 | 4.97 | 4.80 | 4.29 | 4.22 | 4.91 | 4.62 | 4.75 | 4.86 | 4.70 | |
CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Investments | 0.01 | 0.01 | 0.26 | 0.83 | 0.83 | 0.83 | 1.78 | 1.36 | 0.85 | 0.34 | 0.14 | 1.89 | 0.25 |
9.59 | 9.00 | 8.44 | 10.27 | 10.34 | 12.49 | 15.83 | 19.32 | 23.60 | 22.63 | 24.41 | 28.57 | 32.70 | |
Total Assets | 16.10 | 14.81 | 13.57 | 16.70 | 16.14 | 18.12 | 21.90 | 24.90 | 29.36 | 27.59 | 29.30 | 35.32 | 37.65 |
Cash Flows
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
3.94 | 1.34 | 2.75 | 2.71 | 3.22 | 3.30 | 3.43 | 1.38 | 2.97 | -0.16 | 1.83 | 3.13 | |
0.04 | 0.30 | -0.24 | -2.02 | -0.04 | -0.31 | -0.98 | 0.39 | -0.86 | 1.01 | -0.25 | -2.03 | |
-4.05 | -1.65 | -2.49 | -0.72 | -3.17 | -2.77 | -2.33 | -2.09 | -2.10 | -0.85 | -1.58 | -1.12 | |
Net Cash Flow | -0.07 | -0.01 | 0.02 | -0.03 | 0.01 | 0.22 | 0.12 | -0.32 | 0.02 | -0.01 | -0.01 | -0.02 |
Ratios
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 58.27 | 53.96 | 54.55 | 55.45 | 55.58 | 58.33 | 74.85 | 112.99 | 119.40 | 175.72 | 130.57 | 124.39 |
Inventory Days | 126.09 | 122.25 | 94.54 | 121.10 | 128.08 | 171.52 | 173.93 | 233.92 | 269.00 | 444.35 | 276.72 | 257.91 |
Days Payable | 49.46 | 15.76 | 11.77 | 17.93 | 4.72 | 18.93 | 45.07 | 27.50 | 39.29 | 27.93 | 31.71 | 45.66 |
Cash Conversion Cycle | 134.89 | 160.44 | 137.32 | 158.63 | 178.94 | 210.92 | 203.71 | 319.40 | 349.11 | 592.14 | 375.59 | 336.64 |
Working Capital Days | 107.96 | 120.16 | 112.38 | 116.59 | 100.04 | 101.41 | 101.13 | 158.75 | 157.10 | 306.68 | 237.12 | 182.50 |
ROCE % | 8.24% | 13.21% | 11.60% | 14.28% | 16.79% | 23.65% | 25.47% | 26.11% | 13.08% | 14.32% | 14.76% | 16.20% |
Documents
Announcements
- Board Meeting Outcome for The Meeting Held On Tuesday, April 30, 2024. 1d
-
Certificate Under Regulation 40(9) Of SEBI (LODR) Regulations, 2015
24 Apr - Certificate from Practicing Company Secretary regarding Transfer, Transmission and Transposition of Shares for the Year ended March 31, 2024
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 24 Apr
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 19 Apr
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 18 Apr
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2008
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Business Overview:[1]
Company manufactures high-end cotton, cotton-blended and linen designer shirting and markets its products directly to retail chains, RMG sector, garment exporters and corporate houses. Company caters to corporate and government institutions for uniform fabrics. Also company is in receipt of compensation against property