Himachal Fibres Ltd

₹ 5.17 0.58%
25 Nov - close price
About

Incorporated in 1980, Himachal Fibres Ltd manufactures textile yarn viz., grey, dyed, cotton, synthetic yarn with different blends.

Key Points

Product Portfolio:
a) Cotton Yarn:[1]
Cotton yarns are available in count sizes varying from Ne 10s to Ne 40s. These are used by hosiery and woven fabric manufacturers across the globe.
b) Melange Yarn:[2]
Melange Yarns are available in 1/8 to 1/40 count and are used in innerwear, Track suits, T-shirts, etc.
c) Cotton Dyed Yarn:[3]
Company has a Dyeing Plant for Shade Development and shade matching with a capacity to dye 5 kg. to 1000 kg.
d) Open end Yarn:[4]
Company supplies Carded Weaving and Hosiery Double Yarn to buyers from textile industry.
e) Blended Yarn: [5]
Company manufactures yarns in Blended form as Cotton/ Polyester Yarn (Any Blend), Cotton/ Viscose Yarn (Any Blend) Acrylic/ Polyester Yarn (Any Blend) Grey & Dyed in Hosiery & weaving sector, in 1/8 to 2/40 with auto coned T.F.O

  • Market Cap 44.6 Cr.
  • Current Price 5.17
  • High / Low 10.4 / 3.65
  • Stock P/E
  • Book Value 2.27
  • Dividend Yield 0.00 %
  • ROCE -11.0 %
  • ROE -30.2 %
  • Face Value 1.00

Pros

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

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -13.3% over past five years.
  • Company has a low return on equity of -16.5% over last 3 years.
  • Earnings include an other income of Rs.1.12 Cr.
  • Company has high debtors of 157 days.
  • Company's cost of borrowing seems high

* 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

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
8.88 13.54 7.74 2.17 2.60 3.82 5.95 5.84 6.18 9.02 6.26 7.78 6.26
8.20 13.49 8.19 2.21 3.62 2.77 7.14 8.12 8.08 8.04 7.12 7.10 5.71
Operating Profit 0.68 0.05 -0.45 -0.04 -1.02 1.05 -1.19 -2.28 -1.90 0.98 -0.86 0.68 0.55
OPM % 7.66% 0.37% -5.81% -1.84% -39.23% 27.49% -20.00% -39.04% -30.74% 10.86% -13.74% 8.74% 8.79%
0.41 0.46 0.67 0.07 0.18 0.24 0.16 0.21 0.29 0.23 0.48 0.21 0.20
Interest 0.76 0.91 0.61 0.81 0.84 0.95 0.73 -0.13 1.60 0.89 0.19 0.26 0.27
Depreciation 0.51 0.51 0.51 0.51 0.50 0.51 0.55 0.48 0.42 0.45 0.45 0.48 0.48
Profit before tax -0.18 -0.91 -0.90 -1.29 -2.18 -0.17 -2.31 -2.42 -3.63 -0.13 -1.02 0.15 0.00
Tax % -111.11% 4.40% 22.22% 4.65% 1.38% 64.71% 30.30% 2.48% 0.55% 46.15% 20.59% -46.67%
Net Profit -0.38 -0.87 -0.70 -1.23 -2.15 -0.05 -1.61 -2.37 -3.61 -0.07 -0.81 0.23 0.08
EPS in Rs -0.04 -0.10 -0.08 -0.14 -0.25 -0.01 -0.19 -0.27 -0.42 -0.01 -0.09 0.03 0.01
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
100.17 103.61 120.95 130.56 84.58 47.34 55.78 55.76 47.76 42.66 14.54 27.29 29.32
90.92 94.05 112.42 123.59 77.92 41.87 52.08 50.83 43.34 41.77 15.25 31.27 27.97
Operating Profit 9.25 9.56 8.53 6.97 6.66 5.47 3.70 4.93 4.42 0.89 -0.71 -3.98 1.35
OPM % 9.23% 9.23% 7.05% 5.34% 7.87% 11.55% 6.63% 8.84% 9.25% 2.09% -4.88% -14.58% 4.60%
0.46 0.24 0.45 0.14 0.07 -0.05 0.11 0.65 1.33 1.90 0.16 1.13 1.12
Interest 4.99 4.99 4.75 4.34 4.59 3.01 3.62 3.69 3.53 3.13 3.33 2.55 1.61
Depreciation 2.32 2.56 2.70 2.70 2.10 2.20 2.22 2.25 2.04 2.03 2.07 1.81 1.86
Profit before tax 2.40 2.25 1.53 0.07 0.04 0.21 -2.03 -0.36 0.18 -2.37 -5.95 -7.21 -1.00
Tax % 26.25% 42.67% 57.52% 271.43% 3,200.00% 19.05% 20.69% -88.89% -133.33% 2.95% 15.29% 4.58%
Net Profit 1.77 1.29 0.66 -0.13 -1.24 0.17 -1.62 -0.68 0.41 -2.30 -5.04 -6.87 -0.57
EPS in Rs 0.50 0.28 0.08 -0.02 -0.14 0.02 -0.19 -0.08 0.05 -0.27 -0.58 -0.80 -0.06
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: -12%
5 Years: -13%
3 Years: -17%
TTM: 35%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 93%
Stock Price CAGR
10 Years: 14%
5 Years: -5%
3 Years: 76%
1 Year: 26%
Return on Equity
10 Years: -5%
5 Years: -10%
3 Years: -17%
Last Year: -30%

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
17.16 18.13 22.13 22.13 22.13 22.13 8.63 21.52 17.84 17.84 17.84 17.84 8.63
Reserves 1.36 5.52 8.55 8.42 10.66 10.83 14.19 13.55 15.16 12.90 8.01 1.34 10.92
38.24 43.61 39.97 36.56 27.93 27.85 26.67 23.30 18.99 18.14 20.41 18.12 12.15
23.55 21.21 17.93 20.09 23.46 23.71 20.95 20.43 21.32 21.77 34.67 37.01 23.85
Total Liabilities 66.66 74.97 75.08 73.70 70.68 71.02 70.44 65.91 64.10 61.44 71.72 65.10 55.55
26.50 27.42 26.50 24.08 27.19 25.25 23.46 22.44 21.42 19.46 16.78 14.25 12.54
CWIP 0.00 0.10 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.13 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
40.16 47.45 48.58 49.62 43.49 45.77 46.98 43.47 42.68 39.85 54.94 50.85 43.01
Total Assets 66.66 74.97 75.08 73.70 70.68 71.02 70.44 65.91 64.10 61.44 71.72 65.10 55.55

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
10.43 -0.36 5.58 5.36 13.76 4.97 3.81 5.10 5.74 5.34 0.06 3.36
-3.21 -3.56 -1.51 -0.14 -1.70 -0.32 -0.45 -1.22 -1.02 -2.12 0.14 0.64
-6.96 3.49 -4.02 -5.25 -11.92 -4.01 -3.89 -3.72 -4.72 -3.17 -1.30 -4.00
Net Cash Flow 0.26 -0.43 0.05 -0.03 0.13 0.64 -0.53 0.16 -0.01 0.05 -1.10 0.00

Ratios

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 31.88 37.87 40.95 63.21 10.05 58.75 143.89 63.69 59.08 78.29 83.84 156.75
Inventory Days 118.20 142.63 109.27 77.23 178.21 365.80 153.79 238.32 356.42 335.07 1,553.72 306.77
Days Payable 27.51 25.34 16.54 15.14 40.22 86.95 70.98 35.38 59.73 55.73 35.23 8.19
Cash Conversion Cycle 122.57 155.16 133.68 125.30 148.04 337.60 226.71 266.64 355.77 357.62 1,602.33 455.34
Working Capital Days 85.85 118.33 109.82 111.07 140.94 255.90 200.17 203.84 240.81 247.53 636.62 270.31
ROCE % 12.83% 11.68% 8.93% 6.32% 7.24% 5.55% 2.88% 6.30% 6.72% 1.51% -4.50% -10.96%

Shareholding Pattern

Numbers in percentages

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
54.54 54.54 54.54 54.54 54.54 54.54 54.54 54.54 54.54 54.54 54.54 54.54
0.17 0.17 0.17 0.17 0.17 0.17 0.17 0.17 0.17 0.17 0.17 0.16
45.29 45.29 45.29 45.29 45.29 45.29 45.29 45.29 45.29 45.29 45.29 45.30

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