Konark Synthetic Ltd

Konark Synth Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Konark Synthetic Ltd

₹ 21.3 1.96%
29 Apr - close price
konarkonline.com BSE: 514128
About

Incorporated in 1984, Konark Synthetic Ltd is engaged in the Manufacturing of Yarn and Trading of Fabric with Weaving and Processing and Manufacturing of Readymade Garments

Key Points

Product Profile:[1]
a) Yarn:[2] Company manufacturers specialty polyester yarns, Texturized & Air-Texturized yarn in India with a production capacity of 3,000 tons per annum and exports to Turkey, China and Middle East among others.
b) Fabrics:[3] Product range includes yarn dyed and piece dyed 100% polyester fabrics & its blends with cotton, linen, rayon & silk with a production capacity of 1,20,000 meters per month
c) Cotton Spinning:[4] India Denim Limited (IDL), a subsidiary of Konark Synthetic Ltd., is a completely automated spinning unit with an installed capacity of 36000 spindles for ring spinning and 3 lines for open ended spinning. Cotton yarns produce are available in Carded, Combed and Compact varieties
d) Apparel:[5] Company's apparel division, located in Bangalore, is a 300 machine plant that has capacity to produce nearly half a million pieces of Trousers, Shirts, and Shorts per annum. Company’s order book comprises mostly of exports majorly to the American market.

Website BSE
  • Market Cap ₹ 12.4 Cr.
  • Current Price ₹ 21.3
  • High / Low ₹ 26.2 / 10.5
  • Stock P/E
  • Book Value ₹ 5.17
  • Dividend Yield 0.00 %
  • ROCE 12.0 %
  • ROE 14.7 %
  • Face Value ₹ 10.0
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Pros

  • Debtor days have improved from 259 to 99.9 days.

Cons

  • Stock is trading at 4.13 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -12.9% over past five years.
  • Company has a low return on equity of -31.5% over last 3 years.
  • Contingent liabilities of Rs.27.1 Cr.

* 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

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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
2.01 15.50 6.09 6.51 13.34 14.15 16.44 13.68 11.24 6.00 9.36 12.04 14.23
2.05 12.12 5.97 6.58 12.17 13.27 15.70 12.93 10.46 4.81 8.63 11.12 13.31
Operating Profit -0.04 3.38 0.12 -0.07 1.17 0.88 0.74 0.75 0.78 1.19 0.73 0.92 0.92
OPM % -1.99% 21.81% 1.97% -1.08% 8.77% 6.22% 4.50% 5.48% 6.94% 19.83% 7.80% 7.64% 6.47%
0.16 -6.25 0.19 0.21 0.08 0.91 0.21 0.21 0.27 -7.71 0.24 0.23 0.23
Interest 0.84 0.72 0.66 0.72 0.53 0.80 0.83 0.79 0.86 0.89 0.82 0.72 0.83
Depreciation 0.41 0.35 0.40 0.40 0.18 0.27 0.26 0.26 0.26 0.25 0.25 0.25 0.25
Profit before tax -1.13 -3.94 -0.75 -0.98 0.54 0.72 -0.14 -0.09 -0.07 -7.66 -0.10 0.18 0.07
Tax % 0.00% 23.10% 0.00% 0.00% 0.00% -5.56% 0.00% 0.00% 0.00% -9.92% 0.00% 5.56% 14.29%
-1.13 -3.02 -0.75 -0.98 0.53 0.76 -0.15 -0.10 -0.07 -8.41 -0.10 0.17 0.06
EPS in Rs -1.95 -5.20 -1.29 -1.69 0.91 1.31 -0.26 -0.17 -0.12 -14.48 -0.17 0.29 0.10
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
96.15 102.66 105.51 114.14 113.75 114.44 94.45 77.63 71.30 15.58 40.10 47.35 41.63
87.12 94.83 99.30 106.44 106.39 111.99 89.72 73.75 72.73 22.51 37.95 42.85 37.87
Operating Profit 9.03 7.83 6.21 7.70 7.36 2.45 4.73 3.88 -1.43 -6.93 2.15 4.50 3.76
OPM % 9.39% 7.63% 5.89% 6.75% 6.47% 2.14% 5.01% 5.00% -2.01% -44.48% 5.36% 9.50% 9.03%
0.15 2.41 1.64 1.44 1.15 4.12 1.43 1.17 -10.26 12.88 1.39 -7.32 -7.01
Interest 4.64 6.14 3.69 4.08 4.58 4.76 4.36 4.15 4.62 3.63 2.77 3.40 3.26
Depreciation 2.76 2.74 2.73 4.08 3.63 3.32 2.87 2.62 2.55 1.61 1.26 1.04 1.00
Profit before tax 1.78 1.36 1.43 0.98 0.30 -1.51 -1.07 -1.72 -18.86 0.71 -0.49 -7.26 -7.51
Tax % 33.15% 32.35% 23.78% 38.78% 46.67% 29.80% 40.19% 12.79% 12.46% -128.17% 8.16% -10.47%
1.18 0.93 1.09 0.60 0.16 -1.06 -0.64 -1.50 -16.51 1.62 -0.45 -8.02 -8.28
EPS in Rs 2.03 1.60 1.88 1.03 0.28 -1.83 -1.10 -2.58 -28.43 2.79 -0.77 -13.81 -14.26
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: -7%
5 Years: -13%
3 Years: -13%
TTM: -25%
Compounded Profit Growth
10 Years: 2%
5 Years: -2%
3 Years: 30%
TTM: -178%
Stock Price CAGR
10 Years: 9%
5 Years: 11%
3 Years: 51%
1 Year: 63%
Return on Equity
10 Years: -8%
5 Years: -22%
3 Years: -32%
Last Year: 15%

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 5.81 5.81 5.81 5.81 5.81 5.81 5.81 5.81 5.81 5.81 5.81 5.81 5.81
Reserves 22.82 23.75 24.84 24.44 24.61 23.54 22.90 21.29 4.73 6.23 5.90 -2.87 -2.81
52.59 67.26 64.40 64.49 51.79 58.16 49.26 46.32 50.04 35.86 30.52 29.46 30.38
26.87 23.53 34.27 25.90 18.21 10.20 16.61 21.44 35.61 12.31 14.46 11.89 15.67
Total Liabilities 108.09 120.35 129.32 120.64 100.42 97.71 94.58 94.86 96.19 60.21 56.69 44.29 49.05
39.68 36.96 34.34 29.44 30.65 27.43 24.39 21.97 13.32 11.12 8.96 5.33 4.84
CWIP 0.07 3.27 3.19 8.43 3.76 0.00 4.21 4.39 4.56 4.74 0.00 0.00 0.00
Investments 8.53 8.53 8.53 8.53 8.53 8.53 8.52 8.52 0.03 0.03 0.03 0.03 0.03
59.81 71.59 83.26 74.24 57.48 61.75 57.46 59.98 78.28 44.32 47.70 38.93 44.18
Total Assets 108.09 120.35 129.32 120.64 100.42 97.71 94.58 94.86 96.19 60.21 56.69 44.29 49.05

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
-0.79 -16.10 0.82 4.66 16.20 7.27 6.33 6.23 -0.53 -22.61 1.01 0.50
0.19 -0.84 1.50 -4.12 0.60 0.33 0.38 0.57 15.76 24.78 5.55 1.53
0.56 16.84 -2.01 -0.66 -16.92 -7.10 -7.75 -6.51 -0.70 -17.79 -6.61 -1.86
Net Cash Flow -0.04 -0.10 0.31 -0.12 -0.12 0.51 -1.04 0.30 14.53 -15.62 -0.05 0.17

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 106.37 105.81 164.81 91.62 78.07 88.09 108.01 134.99 170.98 510.72 167.21 99.90
Inventory Days 73.26 81.02 62.08 107.25 71.87 55.61 98.17 136.71 107.36 231.02 212.25 144.72
Days Payable 101.82 75.75 118.63 78.72 45.54 12.20 48.25 91.64 97.35 189.27 138.70 92.34
Cash Conversion Cycle 77.81 111.08 108.25 120.15 104.41 131.50 157.93 180.07 180.99 552.48 240.76 152.28
Working Capital Days 74.48 133.51 150.10 155.77 126.68 141.71 160.72 184.50 114.52 724.61 293.73 205.12
ROCE % 8.48% 8.43% 5.34% 5.33% 5.53% -0.16% 6.25% 3.21% -4.96% -14.09% 5.24% 12.03%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.99% 74.99% 74.99% 74.99% 74.99% 74.99% 74.99% 74.99% 74.99% 74.99% 74.99% 74.99%
25.01% 25.01% 25.01% 25.01% 25.01% 25.02% 25.02% 25.02% 25.02% 25.02% 25.01% 25.01%
No. of Shareholders 1,3521,3461,3641,3791,3821,3811,3731,3741,3691,3981,4441,528

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