Himachal Fibres Ltd

₹ 5.14 2.39%

May 20 - 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

Website BSE

Market Cap ₹ 44.3 Cr.
Current Price ₹ 5.14
High / Low ₹ 10.4 / 2.47
Stock P/E
Book Value ₹ 2.31
Dividend Yield 0.00 %
ROCE -4.50 %
ROE -16.1 %
Face Value ₹ 1.00

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Pros

Company is expected to give good quarter

Cons

Company has low interest coverage ratio.
The company has delivered a poor sales growth of -21.03% over past five years.
Company has a low return on equity of -6.85% for last 3 years.

* 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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Detailed Comparison with:

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
	23.63	12.50	8.88	13.54	7.74	2.17	2.60	3.82	5.95	5.84	6.18	9.02
	22.59	11.88	8.20	13.49	8.19	2.21	3.62	2.77	7.14	8.12	8.08	8.04
Operating Profit	1.04	0.62	0.68	0.05	-0.45	-0.04	-1.02	1.05	-1.19	-2.28	-1.90	0.98
OPM %	4.40%	4.96%	7.66%	0.37%	-5.81%	-1.84%	-39.23%	27.49%	-20.00%	-39.04%	-30.74%	10.86%
	0.51	0.36	0.41	0.46	0.67	0.07	0.18	0.24	0.16	0.21	0.29	0.23
Interest	1.13	0.85	0.76	0.91	0.61	0.81	0.84	0.95	0.73	-0.13	1.60	0.89
Depreciation	0.32	0.51	0.51	0.51	0.51	0.51	0.50	0.51	0.55	0.48	0.42	0.45
Profit before tax	0.10	-0.38	-0.18	-0.91	-0.90	-1.29	-2.18	-0.17	-2.31	-2.42	-3.63	-0.13
Tax %	-260.00%	7.89%	-111.11%	4.40%	22.22%	4.65%	1.38%	64.71%	30.30%	2.48%	0.55%	46.15%
Net Profit	0.36	-0.35	-0.38	-0.87	-0.70	-1.23	-2.15	-0.05	-1.61	-2.37	-3.61	-0.07
EPS in Rs	0.04	-0.04	-0.04	-0.10	-0.08	-0.14	-0.25	-0.01	-0.19	-0.27	-0.42	-0.01
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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
	49.43	100.17	103.61	120.95	130.56	84.58	47.34	55.78	55.76	47.76	42.66	14.54	26.99
	44.48	90.92	94.05	112.42	123.59	77.92	41.87	52.08	50.83	43.34	41.77	15.25	31.38
Operating Profit	4.95	9.25	9.56	8.53	6.97	6.66	5.47	3.70	4.93	4.42	0.89	-0.71	-4.39
OPM %	10.01%	9.23%	9.23%	7.05%	5.34%	7.87%	11.55%	6.63%	8.84%	9.25%	2.09%	-4.88%	-16.27%
	0.15	0.46	0.24	0.45	0.14	0.07	-0.05	0.11	0.65	1.33	1.90	0.16	0.89
Interest	1.96	4.99	4.99	4.75	4.34	4.59	3.01	3.62	3.69	3.53	3.13	3.33	3.09
Depreciation	1.01	2.32	2.56	2.70	2.70	2.10	2.20	2.22	2.25	2.04	2.03	2.07	1.90
Profit before tax	2.13	2.40	2.25	1.53	0.07	0.04	0.21	-2.03	-0.36	0.18	-2.37	-5.95	-8.49
Tax %	0.00%	26.25%	42.67%	57.52%	271.43%	3,200.00%	19.05%	20.69%	-88.89%	-133.33%	2.95%	15.29%
Net Profit	2.13	1.77	1.29	0.66	-0.13	-1.24	0.17	-1.62	-0.68	0.41	-2.30	-5.04	-7.66
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	-0.89
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:	-18%
5 Years:	-21%
3 Years:	-36%
TTM:	65%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	-85%

Stock Price CAGR
10 Years:	13%
5 Years:	-12%
3 Years:	51%
1 Year:	118%

Return on Equity
10 Years:	-3%
5 Years:	-6%
3 Years:	-7%
Last Year:	-16%

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	Dec 2021
	16.66	17.16	18.13	22.13	22.13	22.13	22.13	8.63	21.52	17.84	17.84	17.84	8.63
Reserves	-3.07	1.36	5.52	8.55	8.42	10.66	10.83	14.19	13.55	15.16	12.90	8.01	11.28
Borrowings	40.52	38.24	43.61	39.97	36.56	27.93	27.85	26.67	23.30	18.99	18.14	20.47	20.10
	20.26	23.55	21.21	17.93	20.09	23.46	23.71	20.95	20.43	21.32	21.77	34.61	12.81
Total Liabilities	60.72	66.66	74.97	75.08	73.70	70.68	71.02	70.44	65.91	64.10	61.44	71.72	52.82
	25.32	26.50	27.42	26.50	24.08	27.19	25.25	23.46	22.44	21.42	19.46	16.78	15.46
CWIP	0.00	0.00	0.10	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2.13	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
	35.40	40.16	47.45	48.58	49.62	43.49	45.77	46.98	43.47	42.68	39.85	54.94	37.36
Total Assets	60.72	66.66	74.97	75.08	73.70	70.68	71.02	70.44	65.91	64.10	61.44	71.72	52.82

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
	2.15	10.43	-0.36	5.58	5.36	13.76	4.97	3.81	5.10	5.74	5.34	0.06
	-0.80	-3.21	-3.56	-1.51	-0.14	-1.70	-0.32	-0.45	-1.22	-1.02	-2.12	0.14
	-1.06	-6.96	3.49	-4.02	-5.25	-11.92	-4.01	-3.89	-3.72	-4.72	-3.17	-1.30
Net Cash Flow	0.29	0.26	-0.43	0.05	-0.03	0.13	0.64	-0.53	0.16	-0.01	0.05	-1.10

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	48.59	31.88	37.87	40.95	63.21	10.05	58.75	143.89	63.69	59.08	78.29	83.84
Inventory Days	220.24	118.20	142.63	109.27	77.23	178.21	365.80	153.79	238.32	356.42	335.07	1,553.72
Days Payable	29.40	27.51	25.34	16.54	15.14	40.22	86.95	70.98	35.38	59.73	55.73	35.23
Cash Conversion Cycle	239.43	122.57	155.16	133.68	125.30	148.04	337.60	226.71	266.64	355.77	357.62	1,602.33
Working Capital Days	221.82	90.15	124.81	115.64	114.90	141.33	263.61	217.44	223.35	251.51	258.05	217.14
ROCE %		12.83%	11.68%	8.93%	6.32%	7.24%	5.55%	2.88%	6.30%	6.72%	1.51%	-4.50%

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
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	0.17
45.29	45.29	45.29	45.29	45.29	45.29	45.29	45.29	45.29	45.29	45.29	45.29

Himachal Fibres Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

Annual reports

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