Konark Synthetic Ltd

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

Konark Synthetic Ltd

₹ 12.2 -4.83%
29 Sep 4:01 p.m.
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 ₹ 7.09 Cr.
  • Current Price ₹ 12.2
  • High / Low ₹ 17.0 / 10.2
  • Stock P/E
  • Book Value ₹ -50.1
  • Dividend Yield 0.00 %
  • ROCE -0.07 %
  • ROE %
  • Face Value ₹ 10.0
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Pros

  • Debtor days have improved from 259 to 99.9 days.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -15.2% over past five 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

Consolidated Figures in Rs. Crores / View Standalone

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023
0.34 0.53 2.01 15.50 6.09 6.51 13.34 14.15 16.44 13.68 11.24 6.00 9.36
0.68 10.80 2.09 29.79 6.01 6.88 12.36 14.27 15.85 13.23 10.53 5.65 9.22
Operating Profit -0.34 -10.27 -0.08 -14.29 0.08 -0.37 0.98 -0.12 0.59 0.45 0.71 0.35 0.14
OPM % -100.00% -1,937.74% -3.98% -92.19% 1.31% -5.68% 7.35% -0.85% 3.59% 3.29% 6.32% 5.83% 1.50%
0.29 18.76 0.31 -6.13 0.19 0.21 0.08 1.23 0.21 0.21 0.27 -7.59 0.24
Interest 1.06 0.94 0.84 0.72 0.66 0.72 0.53 0.80 0.83 0.79 0.86 0.89 0.82
Depreciation 0.99 0.99 0.98 0.92 0.97 0.97 0.75 0.84 0.83 0.83 0.83 0.82 0.82
Profit before tax -2.10 6.56 -1.59 -22.06 -1.36 -1.85 -0.22 -0.53 -0.86 -0.96 -0.71 -8.95 -1.26
Tax % 0.00% 0.00% 0.00% 4.13% 0.00% 0.00% 0.00% 7.55% 0.00% 0.00% 0.00% -8.49% 0.00%
-2.10 6.55 -1.59 -21.14 -1.35 -1.84 -0.22 -0.49 -0.86 -0.97 -0.72 -9.71 -1.25
EPS in Rs -3.62 11.28 -1.48 -24.21 -1.93 -2.70 0.03 0.21 -1.07 -1.26 -0.83 -15.79 -1.77
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
154 174 171 169 145 143 108 78 71 16 40 47 40
133 145 148 147 128 130 97 76 87 40 39 45 39
Operating Profit 20 28 23 22 16 13 11 1 -15 -25 1 2 2
OPM % 13% 16% 13% 13% 11% 9% 10% 2% -22% -159% 2% 5% 4%
1 1 0 1 0 4 2 1 -2 13 1 -7 -7
Interest 12 16 12 13 11 13 11 4 5 4 3 3 3
Depreciation 7 10 10 10 10 10 9 5 5 4 4 3 3
Profit before tax 2 3 1 0 -4 -6 -7 -6 -26 -19 -4 -11 -12
Tax % 30% 27% 9% -83% -28% -2% 1% 3% 9% 5% 1% -7%
2 2 1 0 -5 -6 -6 -6 -24 -18 -4 -12 -13
EPS in Rs 2.77 2.75 1.62 0.53 -5.65 -11.42 -14.33 -10.62 -41.46 -18.04 -9.07 -23.24 -19.65
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -12%
5 Years: -15%
3 Years: -13%
TTM: -20%
Compounded Profit Growth
10 Years: %
5 Years: 1%
3 Years: 21%
TTM: -146%
Stock Price CAGR
10 Years: 8%
5 Years: -2%
3 Years: 9%
1 Year: 9%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
6 6 6 6 6 6 6 6 6 6 6 6
Reserves 26 26 27 26 23 12 7 1 -23 -21 -24 -35
141 147 150 164 146 122 154 116 120 106 101 100
64 45 56 36 31 17 36 22 37 -6 -5 -9
Total Liabilities 237 223 239 231 205 157 203 144 140 84 77 61
139 130 120 110 105 52 86 41 30 26 21 16
CWIP 0 4 4 9 4 0 4 4 5 5 0 0
Investments 0 0 0 0 0 0 6 4 4 4 4 4
98 89 115 113 97 106 107 95 101 49 52 42
Total Assets 237 223 239 231 205 157 203 144 140 84 77 61

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

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 -6 10 -11 21 7 21 14 -1 -23 1 1
0 -4 -0 -5 1 34 -38 33 16 25 6 3
0 3 -9 17 -21 -43 16 -46 -1 -17 -7 -3
Net Cash Flow 0 -8 -0 1 1 -2 -1 0 15 -15 -0 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 112 91 135 98 102 110 148 202 241 511 167 100
Inventory Days 102 109 104 140 121 101 143 187 137 218 232 150
Days Payable 122 69 90 69 48 20 51 101 102 182 155 103
Cash Conversion Cycle 91 132 149 170 174 191 240 287 275 547 243 147
Working Capital Days 41 71 93 156 147 166 218 285 180 747 294 199
ROCE % 10% 10% 7% 7% 4% 2% 4% -1% -17% -32% -2% -0%

Shareholding Pattern

Numbers in percentages

Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023
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% 25.01% 25.01% 25.01% 25.02% 25.02% 25.02% 25.02%
No. of Shareholders 1,3711,3701,3661,3521,3461,3641,3791,3821,3811,3731,3741,369

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