Pasupati Spinning & Weaving Mills Ltd

Pasupati Spinning & Weaving Mills Ltd

₹ 34.0 2.88%
22 Aug - close price
About

Incorporated in 1981, Pasupati Spinning & Weaving Mills Ltd is in the business of Fabrics, Bed Sheets, Acrylic Fiber, Cotton and Polyester Blended Yarns as well as Commodity Trading.

Key Points

Business Segments[1]
a) Spinning Unit, Dharuhera
The company has discontinued operations at the Spinning Unit in Dharuhera due to adverse market conditions, aiming to minimize its impact on profitability.They plan to repurpose this unit into a logistics and Warehousing hub, leveraging its existing infrastructure.

Knitting, Garment, Dyeing & Processing Unit, Dharuhera[1]
The market for this unit remains challenging post-COVID-19. It has secured orders from Vishal Mega Mart in Q4 FY24, which is expected to positively impact future performance. The unit also does dyeing and processing on jobwork basis for external parties. Furthermore, company is in the process of obtaining GOTS (Global Organic Textile Standards) certification for organic knitting and dyeing, anticipated to enhance future revenue streams.

Sewing Thread Unit, Kala Amb, Himachal Pradesh[1]
This unit accounts for ~90% of their revenue and continues to operate profitably. However, its operations have been affected by the challenging textile market and labor shortages, which remain a concern. The management expects improved market conditions to boost operations in this segment.

Logistic and Warehousing [1]
The company has added Logistic and Warehousing as a new business segment in its Memorandum of Association. Surplus land and buildings at the Dharuhera unit have been developed with the first phase completed. This segment generated 1.55 Crs of revenue in FY24 and the management anticipates significant contributions from the segment in the coming years.

  • Market Cap 31.8 Cr.
  • Current Price 34.0
  • High / Low 45.5 / 28.9
  • Stock P/E 29.7
  • Book Value 33.7
  • Dividend Yield 0.00 %
  • ROCE 6.83 %
  • ROE 2.84 %
  • Face Value 10.0

Pros

  • Stock is trading at 1.01 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -1.78% over past five years.
  • Company has a low return on equity of 2.78% 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.

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Quarterly Results

Figures in Rs. Crores

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
28.98 37.25 36.97 34.24 28.03 27.27 26.12 26.51 23.06 24.28 25.31 27.85 20.79
26.80 35.13 35.27 33.68 26.73 26.03 24.36 25.05 21.78 22.90 23.20 26.05 19.82
Operating Profit 2.18 2.12 1.70 0.56 1.30 1.24 1.76 1.46 1.28 1.38 2.11 1.80 0.97
OPM % 7.52% 5.69% 4.60% 1.64% 4.64% 4.55% 6.74% 5.51% 5.55% 5.68% 8.34% 6.46% 4.67%
0.26 0.25 0.13 0.63 0.52 0.80 0.09 0.83 0.21 0.47 0.17 0.40 0.83
Interest 1.07 1.23 1.22 1.23 1.27 1.37 1.23 1.10 1.18 1.18 1.15 1.36 1.20
Depreciation 0.51 0.51 0.50 0.51 0.52 0.57 0.57 0.55 0.56 0.56 0.44 0.53 0.58
Profit before tax 0.86 0.63 0.11 -0.55 0.03 0.10 0.05 0.64 -0.25 0.11 0.69 0.31 0.02
Tax % 27.91% 28.57% 18.18% -89.09% 33.33% -10.00% 40.00% 32.81% -28.00% 27.27% 28.99% -58.06% 50.00%
0.62 0.45 0.09 -0.06 0.02 0.11 0.03 0.43 -0.18 0.08 0.49 0.49 0.01
EPS in Rs 0.66 0.48 0.10 -0.06 0.02 0.12 0.03 0.46 -0.19 0.09 0.52 0.52 0.01
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
204.69 201.73 186.50 149.73 119.00 112.67 109.96 66.44 101.74 137.44 107.94 100.50 98.23
196.57 193.41 176.68 140.18 110.59 105.01 102.64 66.45 96.10 130.87 102.19 93.93 91.97
Operating Profit 8.12 8.32 9.82 9.55 8.41 7.66 7.32 -0.01 5.64 6.57 5.75 6.57 6.26
OPM % 3.97% 4.12% 5.27% 6.38% 7.07% 6.80% 6.66% -0.02% 5.54% 4.78% 5.33% 6.54% 6.37%
2.12 2.49 0.95 2.05 2.49 2.35 2.42 4.92 1.66 1.26 2.24 1.25 1.87
Interest 7.30 6.61 6.54 6.77 6.88 6.12 5.88 5.02 3.54 4.75 4.97 4.87 4.89
Depreciation 3.36 4.03 4.01 4.18 3.63 3.64 3.75 3.77 3.72 2.03 2.21 2.09 2.11
Profit before tax -0.42 0.17 0.22 0.65 0.39 0.25 0.11 -3.88 0.04 1.05 0.81 0.86 1.13
Tax % 11.90% -5.88% 45.45% -24.62% -58.97% 60.00% 45.45% -20.36% -50.00% -4.76% 28.40% -2.33%
-0.46 0.19 0.12 0.82 0.61 0.10 0.05 -3.09 0.05 1.10 0.59 0.88 1.07
EPS in Rs -0.49 0.20 0.13 0.88 0.65 0.11 0.05 -3.31 0.05 1.18 0.63 0.94 1.14
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -7%
5 Years: -2%
3 Years: 0%
TTM: -5%
Compounded Profit Growth
10 Years: 22%
5 Years: 77%
3 Years: 258%
TTM: 174%
Stock Price CAGR
10 Years: 8%
5 Years: %
3 Years: 13%
1 Year: 8%
Return on Equity
10 Years: -1%
5 Years: -3%
3 Years: 3%
Last Year: 3%

Balance Sheet

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 9.34 9.34 9.34 9.34 9.34 9.34 9.34 9.34 9.34 9.34 9.34 9.34
Reserves 18.62 18.81 18.93 21.32 22.00 22.48 22.54 19.20 19.24 20.40 21.10 22.16
50.12 50.49 49.10 40.89 44.27 46.20 48.21 48.28 53.28 51.06 51.88 53.99
34.99 35.62 32.75 38.96 34.53 32.80 33.40 27.44 25.42 22.06 19.08 20.55
Total Liabilities 113.07 114.26 110.12 110.51 110.14 110.82 113.49 104.26 107.28 102.86 101.40 106.04
45.96 43.24 40.36 41.30 38.91 35.84 33.33 29.97 28.57 29.74 32.70 37.81
CWIP 0.17 0.00 0.05 0.00 0.00 0.39 0.06 0.05 0.22 0.00 0.11 0.00
Investments 0.11 0.11 0.11 0.07 0.05 0.07 0.05 0.06 0.06 0.07 0.08 0.15
66.83 70.91 69.60 69.14 71.18 74.52 80.05 74.18 78.43 73.05 68.51 68.08
Total Assets 113.07 114.26 110.12 110.51 110.14 110.82 113.49 104.26 107.28 102.86 101.40 106.04

Cash Flows

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
5.85 1.04 3.03 3.84 -0.72 3.31 -4.15 0.01 -6.68 7.13 5.52 4.37
-6.57 -0.85 -1.03 -4.92 -1.31 -1.30 -0.77 -0.36 -2.22 -2.83 -5.24 -7.95
0.53 0.37 -1.39 0.36 2.05 0.93 1.05 2.07 8.04 -4.28 0.24 2.11
Net Cash Flow -0.19 0.56 0.61 -0.72 0.02 2.93 -3.87 1.73 -0.86 0.02 0.52 -1.47

Ratios

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 41.64 44.20 49.51 70.57 91.59 84.81 102.57 155.53 111.54 78.95 97.89 103.14
Inventory Days 102.50 121.13 134.02 171.12 255.72 315.46 330.52 398.27 328.49 172.04 231.39 261.97
Days Payable 70.44 81.02 86.09 108.92 137.36 158.94 182.79 218.68 120.73 59.94 74.76 87.19
Cash Conversion Cycle 73.69 84.31 97.45 132.77 209.95 241.33 250.30 335.11 319.29 191.05 254.52 277.93
Working Capital Days -8.93 -8.94 -11.10 -10.09 -13.89 -20.28 -2.42 -9.17 42.55 16.28 5.04 6.83
ROCE % 9.30% 8.54% 8.67% 9.92% 9.87% 9.13% 7.58% -3.44% 4.25% 7.05% 7.07% 6.83%

Shareholding Pattern

Numbers in percentages

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
74.90% 74.90% 74.90% 74.90% 74.90% 74.90% 74.90% 74.90% 74.90% 74.90% 74.90% 74.90%
0.11% 0.11% 0.11% 0.11% 0.11% 0.11% 0.11% 0.11% 0.11% 0.33% 0.33% 0.33%
24.98% 24.99% 24.98% 24.98% 24.97% 24.99% 24.98% 24.98% 24.98% 24.76% 24.77% 24.77%
No. of Shareholders 6,2206,1966,1556,1366,0836,0556,0986,1106,0796,0556,1056,090

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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