Swasti Vinayaka Synthetics Ltd

₹ 7.18 1.56%
May 17 - close price
About

Swasti Vinayaka Synthetics is engaged interalia, in the business of manufacturing of wide range of shirting fabrics comprising of cotton, linen, lycra, polyester, viscose and their blends.

  • Market Cap 64.6 Cr.
  • Current Price 7.18
  • High / Low 15.4 / 4.52
  • Stock P/E 32.8
  • Book Value 1.77
  • Dividend Yield 0.00 %
  • ROCE 14.3 %
  • ROE 11.1 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -2.37% over past five years.
  • Company has high debtors of 175.72 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.

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Quarterly Results

Figures in Rs. Crores

Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021
4.02 4.52 4.01 6.29 6.09 1.54 2.31 5.02 5.39 3.28 4.97 5.01
2.21 3.74 3.41 5.54 5.68 1.06 1.73 4.55 4.13 2.72 4.25 4.59
Operating Profit 1.81 0.78 0.60 0.75 0.41 0.48 0.58 0.47 1.26 0.56 0.72 0.42
OPM % 45.02% 17.26% 14.96% 11.92% 6.73% 31.17% 25.11% 9.36% 23.38% 17.07% 14.49% 8.38%
0.12 0.04 0.11 0.00 0.11 0.00 0.03 0.03 0.07 0.02 0.02 0.04
Interest 0.07 0.07 0.08 0.10 0.15 0.14 0.22 0.09 0.19 0.05 0.11 0.07
Depreciation 0.11 0.11 0.12 0.12 0.14 0.08 0.08 0.08 0.03 0.08 0.08 0.08
Profit before tax 1.75 0.64 0.51 0.53 0.23 0.26 0.31 0.33 1.11 0.45 0.55 0.31
Tax % 53.14% 0.00% 0.00% 0.00% 208.70% 0.00% 0.00% 0.00% 41.44% 0.00% 0.00% 0.00%
Net Profit 0.82 0.64 0.51 0.53 -0.26 0.26 0.30 0.33 0.65 0.46 0.55 0.31
EPS in Rs 0.09 0.07 0.06 0.06 -0.03 0.03 0.03 0.04 0.07 0.05 0.06 0.03

Profit & Loss

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
20.00 15.88 16.16 16.10 15.59 16.06 16.09 16.52 19.31 19.06 20.91 14.27 18.65
19.36 14.37 14.96 14.34 14.12 14.29 13.75 13.68 16.21 15.40 18.37 11.49 15.69
Operating Profit 0.64 1.51 1.20 1.76 1.47 1.77 2.34 2.84 3.10 3.66 2.54 2.78 2.96
OPM % 3.20% 9.51% 7.43% 10.93% 9.43% 11.02% 14.54% 17.19% 16.05% 19.20% 12.15% 19.48% 15.87%
0.43 0.16 0.38 0.03 0.02 0.40 0.08 0.08 0.32 0.46 0.26 0.14 0.15
Interest 0.87 0.61 0.43 0.25 0.18 0.28 0.41 0.28 0.22 0.25 0.40 0.64 0.42
Depreciation 0.86 0.44 0.36 0.36 0.34 0.69 0.66 0.49 0.47 0.42 0.49 0.28 0.27
Profit before tax -0.66 0.62 0.79 1.18 0.97 1.20 1.35 2.15 2.73 3.45 1.91 2.00 2.42
Tax % -50.00% 30.65% 20.25% 32.20% 50.52% 37.50% 34.07% 43.72% 24.54% 26.96% 25.13% 23.00%
Net Profit -0.99 0.43 0.63 0.80 0.47 0.75 0.88 1.21 2.06 2.52 1.43 1.54 1.97
EPS in Rs -0.11 0.05 0.07 0.09 0.05 0.08 0.10 0.13 0.23 0.28 0.16 0.17 0.21
Dividend Payout % -35.35% 65.12% 55.56% 43.75% 89.36% 65.33% 63.64% 52.07% 33.98% 30.56% 0.00% 0.00%
Compounded Sales Growth
10 Years: -1%
5 Years: -2%
3 Years: -10%
TTM: 25%
Compounded Profit Growth
10 Years: 14%
5 Years: 12%
3 Years: -9%
TTM: 213%
Stock Price CAGR
10 Years: 2%
5 Years: 18%
3 Years: 41%
1 Year: 40%
Return on Equity
10 Years: 12%
5 Years: 15%
3 Years: 14%
Last Year: 11%

Balance Sheet

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Sep 2021
7.00 7.00 7.00 7.00 7.00 7.00 7.00 7.00 7.00 7.00 7.00 7.00 9.00
Reserves 1.98 2.04 2.22 1.74 1.68 1.79 1.95 2.35 3.52 5.79 5.95 7.87 6.92
Borrowings 8.47 5.35 2.13 1.56 0.84 2.42 0.80 1.45 1.84 3.19 6.40 2.64 2.02
2.69 5.05 4.75 4.51 4.05 5.49 6.39 7.32 9.54 8.92 10.01 10.08 12.89
Total Liabilities 20.14 19.44 16.10 14.81 13.57 16.70 16.14 18.12 21.90 24.90 29.36 27.59 30.83
6.90 6.72 6.50 5.80 4.87 5.60 4.97 4.80 4.29 4.22 4.91 4.62 4.47
CWIP 0.10 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.11 0.11 0.01 0.01 0.26 0.83 0.83 0.83 1.78 1.36 0.85 0.34 0.20
13.03 12.61 9.59 9.00 8.44 10.27 10.34 12.49 15.83 19.32 23.60 22.63 26.16
Total Assets 20.14 19.44 16.10 14.81 13.57 16.70 16.14 18.12 21.90 24.90 29.36 27.59 30.83

Cash Flows

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
1.85 1.95 3.94 1.34 2.75 2.71 3.22 3.30 3.43 1.38 2.97 -0.16
0.16 -0.08 0.04 0.30 -0.24 -2.02 -0.04 -0.31 -0.98 0.39 -0.86 1.01
-2.20 -1.83 -4.05 -1.65 -2.49 -0.72 -3.17 -2.77 -2.33 -2.09 -2.10 -0.85
Net Cash Flow -0.19 0.04 -0.07 -0.01 0.02 -0.03 0.01 0.22 0.12 -0.32 0.02 -0.01

Ratios

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 54.38 72.17 58.27 53.96 54.55 55.45 55.58 58.33 74.85 112.99 119.40 175.72
Inventory Days 153.27 201.85 126.09 122.25 94.54 121.10 128.08 171.52 173.93 233.92 269.00 444.35
Days Payable 47.02 56.48 49.46 15.76 11.77 17.93 4.72 18.93 45.07 27.50 39.29 27.93
Cash Conversion Cycle 160.63 217.55 134.89 160.44 137.32 158.63 178.94 210.92 203.71 319.40 349.11 592.14
Working Capital Days 185.42 178.36 107.96 119.93 112.38 116.59 100.27 123.29 127.02 206.82 240.19 326.38
ROCE % 1.14% 7.60% 8.24% 13.21% 11.60% 14.28% 16.79% 23.65% 25.47% 26.11% 13.08% 14.32%

Shareholding Pattern

Numbers in percentages

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
51.00 51.00 51.00 51.00 51.00 51.00 51.00 51.00 51.00 51.00 51.00 51.00
0.01 0.01 0.03 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00
48.99 48.99 48.97 48.99 48.99 49.00 49.00 49.00 49.00 49.00 49.00 49.00

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