Premier Synthetics Ltd

₹ 19.2 -3.27%

04 Jul - close price

About

Incorporated in 1970, Premier Synthetics Ltd is in the business of manufacturing Cotton Yarn. ^[1]

Key Points

Business Overview:^[1]
PSL is engaged in yarn manufacturing, which is mainly used by textile denim manufacturers. It used to manufacture yarn on a job-work basis, for its group concern, viz. Blue Blends (India) Limited (BBIL) but the company started supplying to independent players.

Website BSE

Market Cap ₹ 8.84 Cr.
Current Price ₹ 19.2
High / Low ₹ 34.6 / 15.0
Stock P/E 10.9
Book Value ₹ 58.9
Dividend Yield 0.00 %
ROCE 3.31 %
ROE 3.06 %
Face Value ₹ 10.0

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Pros

Stock is trading at 0.33 times its book value

Cons

The company has delivered a poor sales growth of -19.2% over past five years.
Company has a low return on equity of -3.91% over last 3 years.
Company might be capitalizing the interest cost
Earnings include an other income of Rs.2.98 Cr.
Debtor days have increased from 42.9 to 53.0 days.
Working capital days have increased from 203 days to 382 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

Consumer Discretionary Textiles Textiles & Apparels Other Textile Products

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	19.01	17.60	9.81	12.19	13.08	0.00	19.03	0.00	7.99	8.50	2.48	0.81	3.01
	17.83	17.08	9.78	13.08	12.05	0.00	19.12	0.00	7.65	8.93	2.74	1.75	2.50
Operating Profit	1.18	0.52	0.03	-0.89	1.03	0.00	-0.09	0.00	0.34	-0.43	-0.26	-0.94	0.51
OPM %	6.21%	2.95%	0.31%	-7.30%	7.87%		-0.47%		4.26%	-5.06%	-10.48%	-116.05%	16.94%
	0.37	0.02	0.04	0.13	1.24	-0.28	0.68	-1.65	-0.90	0.80	0.46	0.78	0.94
Interest	0.09	0.09	0.12	0.11	0.13	0.00	0.14	0.00	0.06	0.08	0.10	0.06	0.07
Depreciation	0.20	0.20	0.19	0.19	0.19	0.00	0.10	0.00	0.00	0.00	0.00	0.00	0.07
Profit before tax	1.26	0.25	-0.24	-1.06	1.95	-0.28	0.35	-1.65	-0.62	0.29	0.10	-0.22	1.31
Tax %	6.35%	0.00%	0.00%	0.00%	45.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	1.18	0.25	-0.24	-1.06	1.07	-0.28	0.34	-1.65	-0.62	0.29	0.10	-0.22	1.32
EPS in Rs	2.57	0.54	-0.52	-2.31	2.33	-0.61	0.74	-3.59	-1.35	0.63	0.22	-0.48	2.87
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	22.36	16.17	13.97	9.59	46.34	46.36	42.92	24.36	58.32	52.68	52.74	14.80
	17.24	11.95	10.56	7.30	45.31	44.48	42.16	22.27	55.44	51.96	55.53	15.91
Operating Profit	5.12	4.22	3.41	2.29	1.03	1.88	0.76	2.09	2.88	0.72	-2.79	-1.11
OPM %	22.90%	26.10%	24.41%	23.88%	2.22%	4.06%	1.77%	8.58%	4.94%	1.37%	-5.29%	-7.50%
	-0.19	-0.51	-0.45	0.00	0.90	0.91	0.18	0.24	0.76	1.42	1.92	2.98
Interest	1.73	1.00	0.04	0.01	0.13	0.08	0.11	0.02	0.28	0.46	0.40	0.31
Depreciation	2.55	2.56	2.55	1.70	0.64	0.64	0.73	0.73	0.77	0.77	0.50	0.07
Profit before tax	0.65	0.15	0.37	0.58	1.16	2.07	0.10	1.58	2.59	0.91	-1.77	1.49
Tax %	-306.15%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.09%	96.70%	24.86%	0.00%
	2.64	0.15	0.36	0.58	1.16	2.07	0.11	1.59	2.50	0.02	-2.21	1.49
EPS in Rs	7.25	0.41	0.99	1.59	2.53	4.51	0.24	3.46	5.44	0.04	-4.81	3.24
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:	-1%
5 Years:	-19%
3 Years:	-37%
TTM:	-72%

Compounded Profit Growth
10 Years:	1%
5 Years:	112%
3 Years:	-28%
TTM:	121%

Stock Price CAGR
10 Years:	5%
5 Years:	38%
3 Years:	-10%
1 Year:	20%

Return on Equity
10 Years:	2%
5 Years:	0%
3 Years:	-4%
Last Year:	3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	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	3.64	3.64	3.64	3.64	4.59	4.59	4.59	4.59	4.59	4.59	4.59	4.59
Reserves	8.98	1.26	1.15	1.72	19.70	21.74	26.59	28.00	30.32	23.66	21.23	22.48
	29.12	31.02	10.90	13.38	17.12	19.38	9.10	9.37	13.73	10.48	6.57	8.14
	13.26	8.90	18.84	19.48	2.94	2.29	1.86	1.07	1.31	3.41	2.61	0.55
Total Liabilities	55.00	44.82	34.53	38.22	44.35	48.00	42.14	43.03	49.95	42.14	35.00	35.76
	36.41	28.94	26.40	24.71	24.81	24.87	24.08	24.10	23.57	19.56	16.70	16.63
CWIP	0.00	0.01	0.00	0.23	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	5.45	3.75	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	13.14	12.12	8.13	13.28	19.54	23.13	18.06	18.93	26.38	22.58	18.30	19.13
Total Assets	55.00	44.82	34.53	38.22	44.35	48.00	42.14	43.03	49.95	42.14	35.00	35.76

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	4.86	8.34	-1.37	-5.12	-1.18	3.88	0.97	-2.34	2.16	3.28	-3.51
	6.06	3.20	-0.24	-1.12	-1.09	-0.07	-0.80	-0.58	-0.01	1.06	2.31
	-10.93	-11.55	1.82	6.12	2.20	-3.80	0.17	4.19	-3.77	-4.32	1.20
Net Cash Flow	-0.01	-0.01	0.21	-0.12	-0.07	0.01	0.34	1.27	-1.61	0.02	0.00

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	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	70.19	113.77	1.05	35.78	55.21	88.26	79.51	103.84	50.32	55.01	20.62	53.02
Inventory Days	128.79	120.00		2,860.41	47.94	43.18	36.70	98.11	51.59	65.11	52.78	159.49
Days Payable	104.84	340.00		1,892.04	19.47	17.31	14.41	19.44	9.03	8.33	3.21	7.90
Cash Conversion Cycle	94.14	-106.23	1.05	1,004.14	83.69	114.13	101.80	182.51	92.88	111.79	70.19	204.61
Working Capital Days	91.74	-288.70	-16.72	135.11	83.89	113.77	97.97	194.94	118.85	124.99	102.77	381.52
ROCE %	6.57%	4.38%	3.68%	3.43%	4.29%	4.04%	0.19%	3.77%	5.58%	0.39%	-8.44%	3.31%

Shareholding Pattern

Numbers in percentages

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	48.03%	48.03%	48.03%	48.03%	48.03%	48.03%	48.03%	48.03%	48.03%	48.03%	48.03%	48.03%
	3.43%	3.43%	3.43%	3.43%	3.43%	3.43%	3.43%	3.43%	3.43%	3.43%	3.43%	3.43%
	48.54%	48.54%	48.54%	48.54%	48.55%	48.54%	48.54%	48.54%	48.54%	48.55%	48.54%	48.54%
No. of Shareholders	3,568	3,484	3,416	3,375	3,384	3,385	3,322	3,273	3,305	3,581	3,675	3,653

	Oct 1970	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	48.03%	64.40%	51.08%	48.03%	48.03%	48.03%	48.03%	48.03%	48.03%	48.03%
	3.45%	4.29%	4.03%	4.03%	4.05%	4.05%	3.43%	3.43%	3.43%	3.43%
	0.00%	0.79%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	48.52%	30.52%	44.89%	47.94%	47.92%	47.92%	48.54%	48.54%	48.54%	48.54%
No. of Shareholders	3,751	431	550	4,656	4,323	3,837	3,659	3,375	3,273	3,653

* 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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Premier Synthetics Ltd

Premier Synthetics Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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