Premier Synthetics Ltd

₹ 14.6 4.95%

28 Sep - 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

Website BSE

Market Cap ₹ 6.72 Cr.
Current Price ₹ 14.6
High / Low ₹ 28.9 / 10.8
Stock P/E
Book Value ₹ 61.5
Dividend Yield 0.00 %
ROCE 0.39 %
ROE -0.86 %
Face Value ₹ 10.0

Add ratio to table

Edit ratios

Pros

Company has reduced debt.
Stock is trading at 0.24 times its book value
Debtor days have improved from 69.7 to 55.0 days.

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 2.60% over past five years.
Company has a low return on equity of 3.21% 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 - Processing

Edit Columns

Loading peers table ...

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023
	0.37	5.35	8.41	10.23	12.86	11.87	14.58	19.01	17.60	9.81	12.19	13.08	15.91
	0.42	5.32	7.73	8.79	12.10	11.01	14.52	17.83	17.08	9.78	13.08	12.05	15.92
Operating Profit	-0.05	0.03	0.68	1.44	0.76	0.86	0.06	1.18	0.52	0.03	-0.89	1.03	-0.01
OPM %	-13.51%	0.56%	8.09%	14.08%	5.91%	7.25%	0.41%	6.21%	2.95%	0.31%	-7.30%	7.87%	-0.06%
	0.00	0.00	0.00	0.24	0.21	0.21	-0.02	0.37	0.02	0.04	0.13	1.24	0.04
Interest	0.00	0.00	0.01	0.01	0.19	0.28	-0.29	0.09	0.09	0.12	0.11	0.13	0.12
Depreciation	0.18	0.18	0.18	0.18	0.19	0.19	0.19	0.20	0.20	0.19	0.19	0.19	0.19
Profit before tax	-0.23	-0.15	0.49	1.49	0.59	0.60	0.14	1.26	0.25	-0.24	-1.06	1.95	-0.28
Tax %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	6.35%	0.00%	0.00%	0.00%	45.13%	0.00%
	-0.23	-0.15	0.48	1.49	0.59	0.59	0.14	1.18	0.25	-0.24	-1.06	1.07	-0.28
EPS in Rs	-0.50	-0.33	1.05	3.24	1.28	1.28	0.30	2.57	0.54	-0.52	-2.31	2.33	-0.61
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
	14.31	18.31	22.36	16.17	13.97	9.59	46.34	46.36	42.92	24.36	58.32	52.68	50.99
	16.19	14.28	17.24	11.95	10.56	7.30	45.31	44.48	42.16	22.27	55.44	51.96	50.83
Operating Profit	-1.88	4.03	5.12	4.22	3.41	2.29	1.03	1.88	0.76	2.09	2.88	0.72	0.16
OPM %	-13.14%	22.01%	22.90%	26.10%	24.41%	23.88%	2.22%	4.06%	1.77%	8.58%	4.94%	1.37%	0.31%
	7.97	10.56	-0.19	-0.51	-0.45	0.00	0.90	0.91	0.18	0.24	0.76	1.42	1.45
Interest	1.41	0.45	1.73	1.00	0.04	0.01	0.13	0.08	0.11	0.02	0.28	0.46	0.48
Depreciation	2.91	2.64	2.55	2.56	2.55	1.70	0.64	0.64	0.73	0.73	0.77	0.77	0.76
Profit before tax	1.77	11.50	0.65	0.15	0.37	0.58	1.16	2.07	0.10	1.58	2.59	0.91	0.37
Tax %	0.00%	-1.57%	-306.15%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.09%	96.70%
	1.77	11.68	2.64	0.15	0.36	0.58	1.16	2.07	0.11	1.59	2.50	0.02	-0.51
EPS in Rs	4.86	32.06	7.25	0.41	0.99	1.59	2.53	4.51	0.24	3.46	5.44	0.04	-1.11
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:	11%
5 Years:	3%
3 Years:	7%
TTM:	-19%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	-154%

Stock Price CAGR
10 Years:	-2%
5 Years:	-35%
3 Years:	20%
1 Year:	-40%

Return on Equity
10 Years:	5%
5 Years:	3%
3 Years:	3%
Last Year:	-1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	13.14	13.14	13.14	13.14	13.14	3.64	14.09	14.09	7.21	7.44	7.70	7.98
Reserves	-8.82	-8.66	8.98	1.26	1.15	1.72	19.70	21.74	26.59	28.00	30.32	23.66
	45.38	35.08	19.62	21.52	1.40	13.38	7.62	9.88	6.48	6.52	10.62	7.09
	23.64	18.30	22.76	18.40	28.34	19.48	12.44	11.79	4.48	3.92	4.42	6.80
Total Liabilities	63.84	48.36	55.00	44.82	34.53	38.22	44.35	48.00	42.14	43.03	49.95	42.14
	27.30	24.11	36.41	28.94	26.40	24.71	24.81	24.87	24.08	24.10	23.57	19.56
CWIP	0.00	0.00	0.00	0.01	0.00	0.23	0.00	0.00	0.00	0.00	0.00	0.00
Investments	5.47	5.47	5.45	3.75	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	31.07	18.78	13.14	12.12	8.13	13.28	19.54	23.13	18.06	18.93	26.38	22.58
Total Assets	63.84	48.36	55.00	44.82	34.53	38.22	44.35	48.00	42.14	43.03	49.95	42.14

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	-2.52	1.68	4.86	8.34	-1.37	-5.12	-1.18	3.88	0.97	-2.34	2.16
	-2.16	16.51	6.06	3.20	-0.24	-1.12	-1.09	-0.07	-0.80	-0.58	-0.01
	4.53	-18.21	-10.93	-11.55	1.82	6.12	2.20	-3.80	0.17	4.19	-3.77
Net Cash Flow	-0.15	-0.02	-0.01	-0.01	0.21	-0.12	-0.07	0.01	0.34	1.27	-1.61

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	487.43	242.40	70.19	113.77	1.05	35.78	55.21	88.26	79.51	103.84	50.32	55.01
Inventory Days			128.79	120.00		2,860.41	47.94	43.18	36.70	98.11	51.59	65.11
Days Payable			104.84	340.00		1,892.04	19.47	17.31	14.41	19.44	9.03	8.33
Cash Conversion Cycle	487.43	242.40	94.14	-106.23	1.05	1,004.14	83.69	114.13	101.80	182.51	92.88	111.79
Working Capital Days	315.77	181.80	91.74	-288.70	-16.72	135.11	83.89	113.77	97.97	194.94	118.85	124.99
ROCE %	-1.04%	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

	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023
	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%	4.05%	4.05%	3.45%	3.45%	3.43%	3.43%	3.43%	3.43%	3.43%	3.43%	3.43%
	47.92%	47.92%	47.92%	48.52%	48.52%	48.54%	48.54%	48.54%	48.54%	48.54%	48.54%	48.55%
No. of Shareholders	4,144	3,992	3,837	3,751	3,692	3,667	3,659	3,568	3,484	3,416	3,375	3,384

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Jun 2023
	64.40%	51.08%	48.03%	48.03%	48.03%	48.03%	48.03%	48.03%
	4.29%	4.03%	4.03%	4.05%	4.05%	3.43%	3.43%	3.43%
	0.79%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	30.52%	44.89%	47.94%	47.92%	47.92%	48.54%	48.54%	48.55%
No. of Shareholders	431	550	4,656	4,323	3,837	3,659	3,375	3,384

* 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.

Premier Synthetics Ltd

Premier Synthetics Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

Annual reports

Credit ratings