Konark Synthetic Ltd

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

Konark Synthetic Ltd

₹ 17.9 -3.76%
16 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 ₹ 10.4 Cr.
  • Current Price ₹ 17.9
  • High / Low ₹ 26.2 / 10.5
  • Stock P/E
  • Book Value ₹ 51.2
  • Dividend Yield 0.00 %
  • ROCE -0.07 %
  • ROE %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Stock is trading at 0.35 times its book value
  • 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.
  • Company might be capitalizing the interest cost

* 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

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
2.09 29.79 6.01 6.88 12.36 14.27 15.85 13.23 10.53 5.65 9.22 11.11 13.31
Operating Profit -0.08 -14.29 0.08 -0.37 0.98 -0.12 0.59 0.45 0.71 0.35 0.14 0.93 0.92
OPM % -3.98% -92.19% 1.31% -5.68% 7.35% -0.85% 3.59% 3.29% 6.32% 5.83% 1.50% 7.72% 6.47%
0.31 -6.13 0.19 0.21 0.08 1.23 0.21 0.21 0.27 -7.59 0.24 0.88 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 0.98 0.92 0.97 0.97 0.75 0.84 0.83 0.83 0.83 0.82 0.82 -0.32 0.25
Profit before tax -1.59 -22.06 -1.36 -1.85 -0.22 -0.53 -0.86 -0.96 -0.71 -8.95 -1.26 1.41 0.07
Tax % 0.00% 4.13% 0.00% 0.00% 0.00% 7.55% 0.00% 0.00% 0.00% -8.49% 0.00% 0.71% 14.29%
-1.59 -21.14 -1.35 -1.84 -0.22 -0.49 -0.86 -0.97 -0.72 -9.71 -1.25 1.40 0.06
EPS in Rs -1.48 -24.21 -1.93 -2.70 0.03 0.21 -1.07 -1.26 -0.83 -15.79 -1.77 2.41 0.10
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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
153.61 173.52 170.67 168.60 144.53 142.73 108.22 77.53 71.30 15.57 40.10 47.35 41.63
133.41 145.27 147.86 146.52 128.11 130.09 97.45 76.28 86.72 40.33 39.17 45.14 39.29
Operating Profit 20.20 28.25 22.81 22.08 16.42 12.64 10.77 1.25 -15.42 -24.76 0.93 2.21 2.34
OPM % 13.15% 16.28% 13.36% 13.10% 11.36% 8.86% 9.95% 1.61% -21.63% -159.02% 2.32% 4.67% 5.62%
0.84 0.70 0.42 1.06 0.40 3.69 2.40 1.42 -1.57 13.08 1.42 -6.99 -6.24
Interest 12.12 15.81 11.88 12.65 10.77 12.94 10.66 4.15 4.62 3.64 2.77 3.40 3.26
Depreciation 6.62 10.17 10.19 10.26 9.85 9.52 9.04 4.90 4.82 3.88 3.54 3.31 1.57
Profit before tax 2.30 2.97 1.16 0.23 -3.80 -6.13 -6.53 -6.38 -26.43 -19.20 -3.96 -11.49 -8.73
Tax % 30.00% 26.94% 9.48% -82.61% -28.16% -1.63% 1.23% 3.45% 8.89% 4.74% 1.01% -6.61%
1.61 2.17 1.05 0.42 -4.87 -6.22 -6.45 -6.17 -24.08 -18.29 -3.91 -12.25 -9.50
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 -15.05
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: -15%
3 Years: -13%
TTM: -25%
Compounded Profit Growth
10 Years: %
5 Years: 1%
3 Years: 21%
TTM: -18%
Stock Price CAGR
10 Years: 7%
5 Years: 8%
3 Years: 38%
1 Year: 37%
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 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 25.69 25.58 26.52 25.83 22.54 12.17 7.19 0.91 -23.21 -21.44 -23.88 -34.92 23.90
141.01 146.89 150.28 164.01 146.10 122.08 153.73 115.77 119.68 105.80 100.60 99.64 30.38
64.43 44.59 56.36 35.56 30.96 17.18 35.82 21.60 37.22 -6.04 -5.28 -9.05 -7.12
Total Liabilities 236.94 222.87 238.97 231.21 205.41 157.24 202.55 144.09 139.50 84.13 77.25 61.48 52.97
138.92 129.95 120.47 109.67 104.72 51.50 85.96 41.29 30.37 25.89 21.46 15.55 4.84
CWIP 0.37 3.69 3.58 8.82 4.16 0.00 4.21 4.39 4.56 4.74 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.03 5.56 3.76 3.95 4.15 4.18 3.87 3.95
97.65 89.23 114.92 112.72 96.53 105.71 106.82 94.65 100.62 49.35 51.61 42.06 44.18
Total Assets 236.94 222.87 238.97 231.21 205.41 157.24 202.55 144.09 139.50 84.13 77.25 61.48 52.97

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
0.00 -6.45 9.57 -11.00 21.19 7.38 21.02 13.73 -0.71 -22.78 0.86 0.57
0.00 -4.32 -0.29 -5.23 0.53 33.70 -38.42 32.80 15.76 24.78 5.55 3.04
0.00 2.75 -9.35 17.16 -20.98 -42.74 16.47 -46.38 -0.52 -17.47 -6.61 -3.45
Net Cash Flow 0.00 -8.02 -0.07 0.93 0.74 -1.66 -0.92 0.16 14.53 -15.47 -0.20 0.17

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 111.58 91.29 134.95 98.20 101.55 109.84 148.23 201.59 241.17 511.05 167.21 99.90
Inventory Days 102.27 109.44 103.64 140.39 120.77 100.92 143.44 186.59 136.62 217.79 231.59 150.07
Days Payable 122.36 68.91 89.64 68.82 47.95 19.65 51.27 100.82 102.34 181.86 155.39 103.05
Cash Conversion Cycle 91.49 131.82 148.95 169.76 174.37 191.11 240.41 287.36 275.44 546.97 243.41 146.92
Working Capital Days 40.66 71.14 93.18 156.50 146.98 166.20 217.88 285.34 180.04 747.35 293.64 198.73
ROCE % 9.80% 10.38% 6.96% 6.58% 3.65% 2.14% 3.74% -1.49% -17.24% -31.97% -1.69% -0.07%

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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