Premier Synthetics Ltd

Premier Synthetics Ltd

₹ 13.4 -4.98%
28 Mar - 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 6.13 Cr.
  • Current Price 13.4
  • High / Low 30.0 / 10.8
  • Stock P/E
  • Book Value 61.2
  • Dividend Yield 0.00 %
  • ROCE 0.39 %
  • ROE -0.95 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.22 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 3.51% 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

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
8.41 10.23 12.86 11.87 14.58 19.01 17.60 9.81 12.19 13.08 15.91 19.03 9.21
7.73 8.79 12.10 11.01 14.52 17.83 17.08 9.78 13.08 12.05 15.92 19.12 10.72
Operating Profit 0.68 1.44 0.76 0.86 0.06 1.18 0.52 0.03 -0.89 1.03 -0.01 -0.09 -1.51
OPM % 8.09% 14.08% 5.91% 7.25% 0.41% 6.21% 2.95% 0.31% -7.30% 7.87% -0.06% -0.47% -16.40%
0.00 0.24 0.21 0.21 -0.02 0.37 0.02 0.04 0.13 1.24 0.04 0.68 0.09
Interest 0.01 0.01 0.19 0.28 -0.29 0.09 0.09 0.12 0.11 0.13 0.12 0.14 0.09
Depreciation 0.18 0.18 0.19 0.19 0.19 0.20 0.20 0.19 0.19 0.19 0.19 0.10 0.13
Profit before tax 0.49 1.49 0.59 0.60 0.14 1.26 0.25 -0.24 -1.06 1.95 -0.28 0.35 -1.64
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 6.35% 0.00% 0.00% 0.00% 45.13% 0.00% 0.00% 0.00%
0.48 1.49 0.59 0.59 0.14 1.18 0.25 -0.24 -1.06 1.07 -0.28 0.34 -1.65
EPS in Rs 1.05 3.24 1.28 1.28 0.30 2.57 0.54 -0.52 -2.31 2.33 -0.61 0.74 -3.59
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 57.23
16.19 14.28 17.24 11.95 10.56 7.30 45.31 44.48 42.16 22.27 55.44 51.96 57.81
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 -0.58
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% -1.01%
7.97 10.56 -0.19 -0.51 -0.45 0.00 0.90 0.91 0.18 0.24 0.76 1.42 2.05
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 0.61
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 0.38
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 -0.52
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 -1.13
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: -2%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -1446%
Stock Price CAGR
10 Years: 2%
5 Years: -9%
3 Years: -6%
1 Year: -21%
Return on Equity
10 Years: 6%
5 Years: 3%
3 Years: 4%
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 Sep 2023
Equity Capital 3.64 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 -8.82 -8.66 8.98 1.26 1.15 1.72 19.70 21.74 26.59 28.00 30.32 23.66 23.50
Preference Capital 9.50 9.50 9.50 9.50 9.50 0.00 9.50 9.50 2.62 2.85 3.11 3.39
45.38 35.08 19.62 21.52 1.40 13.38 7.62 9.88 6.48 6.52 10.62 7.09 11.51
23.64 18.30 22.76 18.40 28.34 19.48 12.44 11.79 4.48 3.92 4.42 6.80 3.95
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 43.55
27.30 24.11 36.41 28.94 26.40 24.71 24.81 24.87 24.08 24.10 23.57 19.56 19.84
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 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 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 23.71
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 43.55

Cash Flows

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
-2.52 1.68 0.00 4.86 8.34 -1.37 -5.12 -1.18 3.88 0.97 -2.34 2.16
-2.16 16.51 0.00 6.06 3.20 -0.24 -1.12 -1.09 -0.07 -0.80 -0.58 -0.01
4.53 -18.21 0.00 -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 0.00 -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

Dec 2020Mar 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 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% 3.45% 3.43% 3.43% 3.43% 3.43% 3.43% 3.43% 3.43% 3.43% 3.43%
47.92% 47.92% 48.52% 48.54% 48.54% 48.54% 48.54% 48.54% 48.54% 48.55% 48.54% 48.54%
No. of Shareholders 3,9923,8373,6923,6673,6593,5683,4843,4163,3753,3843,3853,322

* 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.

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