Premier Synthetics Ltd

Prem. Synthetic Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Premier Synthetics Ltd

₹ 15.1 -3.64%
05 Jun - close price
premiersyntheticsltd.com BSE: 509835
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 ₹ 6.94 Cr.
  • Current Price ₹ 15.1
  • High / Low ₹ 28.5 / 12.5
  • Stock P/E
  • Book Value ₹ 57.4
  • Dividend Yield 0.00 %
  • ROCE -4.57 %
  • ROE -6.66 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Stock is trading at 0.26 times its book value
  • Debtor days have improved from 80.6 to 52.6 days.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -14.4% over past five years.
  • Company has a low return on equity of -0.75% 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

Consumer Discretionary Textiles Textiles & Apparels Other Textile Products

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
13.08 0.00 19.03 0.00 7.99 8.50 2.48 0.81 3.01 3.22 4.16 2.01 1.78
12.05 0.00 19.12 0.00 7.65 8.93 2.74 1.75 2.50 3.22 5.32 3.24 1.56
Operating Profit 1.03 0.00 -0.09 0.00 0.34 -0.43 -0.26 -0.94 0.51 0.00 -1.16 -1.23 0.22
OPM % 7.87% -0.47% 4.26% -5.06% -10.48% -116.05% 16.94% 0.00% -27.88% -61.19% 12.36%
1.24 -0.28 0.68 -1.65 -0.90 0.80 0.46 0.78 0.94 0.24 1.33 1.36 -0.64
Interest 0.13 0.00 0.14 0.00 0.06 0.08 0.10 0.06 0.07 0.12 0.09 0.05 0.00
Depreciation 0.19 0.00 0.10 0.00 0.00 0.00 0.00 0.00 0.07 0.07 0.07 0.07 0.07
Profit before tax 1.95 -0.28 0.35 -1.65 -0.62 0.29 0.10 -0.22 1.31 0.05 0.01 0.01 -0.49
Tax % 45.13% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
1.07 -0.28 0.34 -1.65 -0.62 0.29 0.10 -0.22 1.32 0.05 0.01 0.01 -0.49
EPS in Rs 2.33 -0.61 0.74 -3.59 -1.35 0.63 0.22 -0.48 2.87 0.11 0.02 0.02 -1.07
Raw PDF

Profit & Loss

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 Mar 2026
16.17 13.97 9.59 46.34 46.36 42.92 24.36 58.32 52.68 7.99 14.80 11.17
11.95 10.56 7.30 45.31 44.48 42.16 22.27 55.44 51.96 7.66 15.91 13.34
Operating Profit 4.22 3.41 2.29 1.03 1.88 0.76 2.09 2.88 0.72 0.33 -1.11 -2.17
OPM % 26.10% 24.41% 23.88% 2.22% 4.06% 1.77% 8.58% 4.94% 1.37% 4.13% -7.50% -19.43%
-0.51 -0.45 0.00 0.90 0.91 0.18 0.24 0.76 1.42 -2.49 2.98 2.29
Interest 1.00 0.04 0.01 0.13 0.08 0.11 0.02 0.28 0.46 0.05 0.31 0.26
Depreciation 2.56 2.55 1.70 0.64 0.64 0.73 0.73 0.77 0.77 0.00 0.07 0.27
Profit before tax 0.15 0.37 0.58 1.16 2.07 0.10 1.58 2.59 0.91 -2.21 1.49 -0.41
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 3.09% 96.70% 0.00% 0.00% 0.00%
0.15 0.36 0.58 1.16 2.07 0.11 1.59 2.50 0.02 -2.21 1.49 -0.42
EPS in Rs 0.41 0.99 1.59 2.53 4.51 0.24 3.46 5.44 0.04 -4.81 3.24 -0.91
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: -2%
5 Years: -14%
3 Years: -40%
TTM: -25%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -320%
Stock Price CAGR
10 Years: %
5 Years: 4%
3 Years: 0%
1 Year: -22%
Return on Equity
10 Years: 2%
5 Years: 1%
3 Years: -1%
Last Year: -7%

Balance Sheet

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 Mar 2026
Equity Capital 3.64 3.64 3.64 4.59 4.59 4.59 4.59 4.59 4.59 4.59 4.59 4.59
Reserves 1.26 1.15 1.72 19.70 21.74 26.59 28.00 30.32 23.66 21.23 22.48 21.80
31.02 10.90 13.38 17.12 19.38 9.10 9.37 13.73 10.48 6.57 8.14 4.53
8.90 18.84 19.48 2.94 2.29 1.86 1.07 1.31 3.41 2.61 0.55 0.36
Total Liabilities 44.82 34.53 38.22 44.35 48.00 42.14 43.03 49.95 42.14 35.00 35.76 31.28
28.94 26.40 24.71 24.81 24.87 24.08 24.10 23.57 19.56 16.70 16.63 16.36
CWIP 0.01 0.00 0.23 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 3.75 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
12.12 8.13 13.28 19.54 23.13 18.06 18.93 26.38 22.58 18.30 19.13 14.92
Total Assets 44.82 34.53 38.22 44.35 48.00 42.14 43.03 49.95 42.14 35.00 35.76 31.28

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 Mar 2026
4.86 8.34 -1.37 -5.12 -1.18 3.88 0.97 -2.34 2.16 3.28 -3.51 1.50
6.06 3.20 -0.24 -1.12 -1.09 -0.07 -0.80 -0.58 -0.01 1.06 2.31 2.42
-10.93 -11.55 1.82 6.12 2.20 -3.80 0.17 4.19 -3.77 -4.32 1.20 -3.94
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 -0.02
Free Cash Flow 9.73 8.34 -1.62 -6.24 -2.27 3.81 0.17 -2.92 2.15 4.34 -1.20 3.92
CFO/OP 115% 245% -60% -497% -63% 511% 46% -81% 300% 994% 316% -69%

Ratios

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 Mar 2026
Debtor Days 113.77 1.05 35.78 55.21 88.26 79.51 103.84 50.32 55.01 136.13 53.02 52.61
Inventory Days 120.00 2,860.41 47.94 43.18 36.70 98.11 51.59 65.11 323.30 159.49 140.18
Days Payable 340.00 1,892.04 19.47 17.31 14.41 19.44 9.03 8.33 19.68 7.90 5.35
Cash Conversion Cycle -106.23 1.05 1,004.14 83.69 114.13 101.80 182.51 92.88 111.79 439.75 204.61 187.44
Working Capital Days -373.35 -53.30 135.11 83.89 51.73 42.86 97.24 52.38 75.94 546.81 279.67 390.16
ROCE % 4.38% 3.68% 3.43% 4.29% 4.04% 0.19% 3.77% 5.58% 0.39% 1.18% 3.31% -4.57%

Insights

In beta
Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Installed Capacity (Cotton Yarn Spinning)
MT/Annum

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Number of Permanent Employees
Count
Customer Concentration (Top 5 Customers Share of Sales)
%
Capacity Utilization
%
Total Volume Handled (Own Production + Job Work)
Metric Tons

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
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%
48.55% 48.54% 48.54% 48.54% 48.54% 48.55% 48.54% 48.54% 48.54% 48.53% 48.54% 48.54%
No. of Shareholders 3,3843,3853,3223,2733,3053,5813,6753,6533,2733,6373,6263,615

* 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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