Fiberweb (India) Ltd

Fiberweb (India) Ltd

₹ 35.0 -2.56%
19 Apr 9:55 a.m.
About

Incorporated in 1985, Fiberweb Ltd is in the business of Polymer Processing[1]

Key Points

Business Overview:[1][2]
Company manufactures and exports injection Moulded, Blow Moulded and Roto Moulded products on German machinery along with Garbage bags and Carrier bags. It also has in-house facility for manufacturing stitched garments like medical & Industrial gowns and overhauls, Aprons, Car Covers and Other Made-ups as per clients specifications. It has also setup a new product line for melt blown Nonwoven fabrics used in personal hygiene products like diapers, Face Masks etc

  • Market Cap 101 Cr.
  • Current Price 35.0
  • High / Low 45.2 / 27.0
  • Stock P/E 16.5
  • Book Value 60.6
  • Dividend Yield 0.00 %
  • ROCE 8.03 %
  • ROE 6.55 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.59 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -6.06% over past five years.
  • Company has a low return on equity of 7.22% over last 3 years.
  • Dividend payout has been low at 4.66% of profits over last 3 years
  • Company has high debtors of 159 days.

* 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 - Products

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
27.17 22.21 28.91 20.27 23.93 34.34 25.58 23.40 23.66 22.76 16.80 25.39 19.02
22.96 16.73 22.44 14.93 18.00 29.59 19.78 18.07 18.31 24.27 14.55 22.97 16.23
Operating Profit 4.21 5.48 6.47 5.34 5.93 4.75 5.80 5.33 5.35 -1.51 2.25 2.42 2.79
OPM % 15.50% 24.67% 22.38% 26.34% 24.78% 13.83% 22.67% 22.78% 22.61% -6.63% 13.39% 9.53% 14.67%
0.14 -0.07 0.03 0.09 -0.08 1.14 0.49 0.28 0.50 -0.24 0.65 0.42 0.24
Interest 0.15 0.94 0.00 0.07 0.01 0.00 0.00 0.00 0.00 0.00 0.06 0.08 0.29
Depreciation 1.15 1.34 1.34 1.34 1.34 1.11 1.39 1.39 1.39 -1.96 0.55 0.55 0.55
Profit before tax 3.05 3.13 5.16 4.02 4.50 4.78 4.90 4.22 4.46 0.21 2.29 2.21 2.19
Tax % 0.00% 56.55% 19.38% 0.00% 0.00% 64.44% 25.51% 26.07% 26.01% -495.24% 26.20% 26.24% 31.05%
3.06 1.36 4.16 4.02 4.50 1.69 3.65 3.12 3.30 1.26 1.70 1.64 1.51
EPS in Rs 1.06 0.47 1.44 1.40 1.56 0.59 1.27 1.08 1.15 0.44 0.59 0.57 0.52
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
130.38 286.13 197.30 98.18 107.45 95.40 83.97
110.33 246.40 168.46 81.20 84.98 80.34 78.02
Operating Profit 20.05 39.73 28.84 16.98 22.47 15.06 5.95
OPM % 15.38% 13.89% 14.62% 17.29% 20.91% 15.79% 7.09%
0.06 0.04 -15.08 1.26 1.18 1.03 1.07
Interest 0.18 0.21 0.13 1.57 0.06 0.10 0.43
Depreciation 2.69 3.25 4.54 4.71 5.13 2.19 -0.31
Profit before tax 17.24 36.31 9.09 11.96 18.46 13.80 6.90
Tax % 0.00% 0.00% 0.00% 13.80% 22.10% 17.90%
17.24 36.31 9.09 10.30 14.37 11.34 6.11
EPS in Rs 6.66 12.61 3.16 3.58 4.99 3.94 2.12
Dividend Payout % 0.00% 3.96% 6.33% 13.98% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: -6%
3 Years: -22%
TTM: -22%
Compounded Profit Growth
10 Years: %
5 Years: -8%
3 Years: -23%
TTM: -48%
Stock Price CAGR
10 Years: 27%
5 Years: 3%
3 Years: 8%
1 Year: 10%
Return on Equity
10 Years: %
5 Years: 13%
3 Years: 7%
Last Year: 7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
Equity Capital 13.30 28.79 28.79 28.79 28.79 28.79 28.79
Reserves 79.08 114.36 123.28 133.46 146.40 142.35 145.69
0.00 0.00 0.00 6.11 0.00 0.00 0.45
25.39 23.18 8.70 7.81 7.24 6.41 14.07
Total Liabilities 117.77 166.33 160.77 176.17 182.43 177.55 189.00
38.80 84.50 80.59 78.50 95.63 84.25 90.47
CWIP 0.02 0.10 10.91 12.21 5.88 9.71 10.31
Investments 0.07 0.01 0.00 0.00 0.00 0.00 0.00
78.88 81.72 69.27 85.46 80.92 83.59 88.22
Total Assets 117.77 166.33 160.77 176.17 182.43 177.55 189.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
4.83 15.28 11.20 3.72 21.57 8.71
-6.15 -46.22 -11.69 -3.85 -15.82 -9.95
16.42 14.07 -0.48 4.95 -7.28 0.86
Net Cash Flow 15.10 -16.88 -0.97 4.83 -1.53 -0.38

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 111.11 68.32 78.25 136.33 137.17 158.51
Inventory Days 41.53 24.37 40.49 168.30 121.04 151.67
Days Payable 98.35 35.99 18.23 24.02 36.45 37.61
Cash Conversion Cycle 54.30 56.71 100.51 280.61 221.76 272.57
Working Capital Days 70.10 62.93 99.16 245.48 221.11 262.77
ROCE % 31.01% 16.89% 8.44% 10.78% 8.03%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
46.33% 46.33% 46.33% 46.33% 46.33% 46.33% 46.33% 46.33% 46.33% 46.33% 46.33% 46.33%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.01%
0.19% 0.19% 0.19% 0.19% 0.19% 0.18% 0.18% 0.18% 0.18% 0.18% 0.18% 0.18%
53.48% 53.48% 53.48% 53.48% 53.48% 53.49% 53.48% 53.48% 53.47% 53.49% 53.47% 53.48%
No. of Shareholders 17,68718,73218,87320,94421,25520,77220,53819,80419,60720,00119,80319,932

* 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.

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