Premier Synthetics Ltd

Premier Synthetics Ltd

₹ 16.8 1.82%
24 Jun - close price
About

Incorporated in 1970, Premier Synthetics Ltd manufactures and sells Cotton Yarn[1]

Key Points

Business Overview:[1][2]
Company has spinning plant for manufacturing coarse count cotton yarn from raw material consisting cotton and cotton waste. The end use of such cotton yarn is in denim industries and towel industries. Company follows order-based production policy wherein 50-60% of the goods are produced against orders which minimizes inventory risk

  • Market Cap 7.72 Cr.
  • Current Price 16.8
  • High / Low 30.0 / 12.8
  • Stock P/E
  • Book Value 56.2
  • Dividend Yield 0.00 %
  • ROCE -2.66 %
  • ROE -7.88 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.30 times its book value
  • Debtor days have improved from 42.0 to 20.6 days.

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of -0.28% over last 3 years.
  • Company might be capitalizing the interest cost

* 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 - Cotton/Blended

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
10.23 12.86 11.87 14.58 19.01 17.60 9.81 12.19 13.08 15.91 19.03 9.21 8.59
8.79 12.10 11.01 14.52 17.83 17.08 9.78 13.08 12.05 15.92 19.12 10.72 8.80
Operating Profit 1.44 0.76 0.86 0.06 1.18 0.52 0.03 -0.89 1.03 -0.01 -0.09 -1.51 -0.21
OPM % 14.08% 5.91% 7.25% 0.41% 6.21% 2.95% 0.31% -7.30% 7.87% -0.06% -0.47% -16.40% -2.44%
0.24 0.21 0.21 -0.02 0.37 0.02 0.04 0.13 1.24 0.04 0.68 0.09 0.16
Interest 0.01 0.19 0.28 -0.29 0.09 0.09 0.12 0.11 0.13 0.12 0.14 0.09 0.06
Depreciation 0.18 0.19 0.19 0.19 0.20 0.20 0.19 0.19 0.19 0.19 0.10 0.13 0.07
Profit before tax 1.49 0.59 0.60 0.14 1.26 0.25 -0.24 -1.06 1.95 -0.28 0.35 -1.64 -0.18
Tax % 0.00% 0.00% 0.00% 0.00% 6.35% 0.00% 0.00% 0.00% 45.13% 0.00% 0.00% 0.00% -244.44%
1.49 0.59 0.59 0.14 1.18 0.25 -0.24 -1.06 1.07 -0.28 0.34 -1.65 -0.62
EPS in Rs 3.24 1.28 1.28 0.30 2.57 0.54 -0.52 -2.31 2.33 -0.61 0.74 -3.59 -1.35
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
18.31 22.36 16.17 13.97 9.59 46.34 46.36 42.92 24.36 58.32 52.68 52.74
14.28 17.24 11.95 10.56 7.30 45.31 44.48 42.16 22.27 55.44 51.96 54.58
Operating Profit 4.03 5.12 4.22 3.41 2.29 1.03 1.88 0.76 2.09 2.88 0.72 -1.84
OPM % 22.01% 22.90% 26.10% 24.41% 23.88% 2.22% 4.06% 1.77% 8.58% 4.94% 1.37% -3.49%
10.56 -0.19 -0.51 -0.45 0.00 0.90 0.91 0.18 0.24 0.76 1.42 0.97
Interest 0.45 1.73 1.00 0.04 0.01 0.13 0.08 0.11 0.02 0.28 0.46 0.40
Depreciation 2.64 2.55 2.56 2.55 1.70 0.64 0.64 0.73 0.73 0.77 0.77 0.50
Profit before tax 11.50 0.65 0.15 0.37 0.58 1.16 2.07 0.10 1.58 2.59 0.91 -1.77
Tax % -1.57% -306.15% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 3.09% 96.70% -24.86%
11.68 2.64 0.15 0.36 0.58 1.16 2.07 0.11 1.59 2.50 0.02 -2.21
EPS in Rs 32.06 7.25 0.41 0.99 1.59 2.53 4.51 0.24 3.46 5.44 0.04 -4.81
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: 9%
5 Years: 3%
3 Years: 29%
TTM: 0%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -610%
Stock Price CAGR
10 Years: 5%
5 Years: 11%
3 Years: 5%
1 Year: 10%
Return on Equity
10 Years: 3%
5 Years: 1%
3 Years: 0%
Last Year: -8%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 3.64 3.64 3.64 3.64 3.64 4.59 4.59 4.59 4.59 4.59 4.59 4.59
Reserves -8.66 8.98 1.26 1.15 1.72 19.70 21.74 26.59 28.00 30.32 23.66 21.23
Preference Capital 9.50 9.50 9.50 9.50 0.00 9.50 9.50 2.62 2.85 3.11 3.39
35.08 19.62 21.52 1.40 13.38 7.62 9.88 6.48 6.52 10.62 7.09 6.57
18.30 22.76 18.40 28.34 19.48 12.44 11.79 4.48 3.92 4.42 6.80 2.61
Total Liabilities 48.36 55.00 44.82 34.53 38.22 44.35 48.00 42.14 43.03 49.95 42.14 35.00
24.11 36.41 28.94 26.40 24.71 24.81 24.87 24.08 24.10 23.57 19.56 16.70
CWIP 0.00 0.00 0.01 0.00 0.23 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 5.47 5.45 3.75 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
18.78 13.14 12.12 8.13 13.28 19.54 23.13 18.06 18.93 26.38 22.58 18.30
Total Assets 48.36 55.00 44.82 34.53 38.22 44.35 48.00 42.14 43.03 49.95 42.14 35.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1.68 0.00 4.86 8.34 -1.37 -5.12 -1.18 3.88 0.97 -2.34 2.16 3.28
16.51 0.00 6.06 3.20 -0.24 -1.12 -1.09 -0.07 -0.80 -0.58 -0.01 1.06
-18.21 0.00 -10.93 -11.55 1.82 6.12 2.20 -3.80 0.17 4.19 -3.77 -4.32
Net Cash Flow -0.02 0.00 -0.01 -0.01 0.21 -0.12 -0.07 0.01 0.34 1.27 -1.61 0.02

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 242.40 70.19 113.77 1.05 35.78 55.21 88.26 79.51 103.84 50.32 55.01 20.62
Inventory Days 128.79 120.00 2,860.41 47.94 43.18 36.70 98.11 51.59 65.11 52.14
Days Payable 104.84 340.00 1,892.04 19.47 17.31 14.41 19.44 9.03 8.33 3.17
Cash Conversion Cycle 242.40 94.14 -106.23 1.05 1,004.14 83.69 114.13 101.80 182.51 92.88 111.79 69.59
Working Capital Days 181.80 91.74 -288.70 -16.72 135.11 83.89 113.77 97.97 194.94 118.85 124.99 102.77
ROCE % 3.25% 6.57% 4.38% 3.68% 3.43% 4.29% 4.04% 0.19% 3.77% 5.58% 0.39%

Shareholding Pattern

Numbers in percentages

Mar 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
48.03% 48.03% 48.03% 48.03% 48.03% 48.03% 48.03% 48.03% 48.03% 48.03% 48.03% 48.03%
4.05% 3.45% 3.43% 3.43% 3.43% 3.43% 3.43% 3.43% 3.43% 3.43% 3.43% 3.43%
47.92% 48.52% 48.54% 48.54% 48.54% 48.54% 48.54% 48.54% 48.55% 48.54% 48.54% 48.54%
No. of Shareholders 3,8373,6923,6673,6593,5683,4843,4163,3753,3843,3853,3223,273

* 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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