Patspin India Ltd
Incorporated in 1991, Patspin India Ltd manufactures and exports of cotton yarn in medium, fine and superfine combed yarns
- Market Cap ₹ 36.7 Cr.
- Current Price ₹ 11.9
- High / Low ₹ 18.6 / 10.6
- Stock P/E
- Book Value ₹ -9.18
- Dividend Yield 0.00 %
- ROCE -2.24 %
- ROE %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -39.7% over past five years.
- Promoters have pledged 36.3% of their holding.
- Earnings include an other income of Rs.6.61 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 - Cotton/Blended
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
461.97 | 609.61 | 554.42 | 496.30 | 531.54 | 522.84 | 548.51 | 393.05 | 148.10 | 143.32 | 74.87 | 43.84 | 45.61 | |
436.68 | 551.05 | 520.53 | 447.79 | 477.55 | 492.29 | 514.50 | 393.93 | 152.30 | 123.96 | 82.95 | 47.55 | 47.37 | |
Operating Profit | 25.29 | 58.56 | 33.89 | 48.51 | 53.99 | 30.55 | 34.01 | -0.88 | -4.20 | 19.36 | -8.08 | -3.71 | -1.76 |
OPM % | 5.47% | 9.61% | 6.11% | 9.77% | 10.16% | 5.84% | 6.20% | -0.22% | -2.84% | 13.51% | -10.79% | -8.46% | -3.86% |
0.83 | 0.64 | 1.15 | 1.02 | 5.79 | 10.29 | 2.50 | 2.39 | 0.37 | 0.24 | 7.60 | 7.74 | 6.61 | |
Interest | 29.04 | 34.64 | 30.83 | 36.77 | 34.76 | 33.08 | 29.23 | 27.33 | 23.92 | 22.84 | 10.52 | 7.54 | 7.13 |
Depreciation | 20.32 | 18.99 | 12.43 | 12.19 | 11.89 | 10.44 | 10.33 | 10.35 | 10.21 | 10.14 | 7.15 | 3.14 | 2.95 |
Profit before tax | -23.24 | 5.57 | -8.22 | 0.57 | 13.13 | -2.68 | -3.05 | -36.17 | -37.96 | -13.38 | -18.15 | -6.65 | -5.23 |
Tax % | -31.93% | 23.70% | -21.29% | -36.84% | 23.76% | 61.94% | -22.62% | -33.59% | 0.00% | 0.00% | 0.00% | 0.00% | |
-15.82 | 4.25 | -6.48 | 0.78 | 10.01 | -4.35 | -2.36 | -24.02 | -37.96 | -13.38 | -18.15 | -6.65 | -5.23 | |
EPS in Rs | -5.12 | 1.37 | -2.10 | 0.25 | 3.24 | -1.41 | -0.76 | -7.77 | -12.28 | -4.33 | -5.87 | -2.15 | -1.69 |
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: | -23% |
5 Years: | -40% |
3 Years: | -33% |
TTM: | -20% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 21% |
TTM: | 66% |
Stock Price CAGR | |
---|---|
10 Years: | 4% |
5 Years: | 22% |
3 Years: | 3% |
1 Year: | -1% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
Last Year: | % |
Balance Sheet
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 30.92 | 30.92 | 30.92 | 30.92 | 30.92 | 30.92 | 30.92 | 30.92 | 30.92 | 30.92 | 30.92 | 30.92 | 30.92 |
Reserves | -23.03 | -20.12 | -26.73 | -25.95 | 35.87 | 30.74 | 27.34 | 2.65 | -37.39 | -49.01 | -68.71 | -75.29 | -59.32 |
319.53 | 322.01 | 279.57 | 249.30 | 246.85 | 206.90 | 180.83 | 148.34 | 163.96 | 163.39 | 97.19 | 93.86 | 73.35 | |
58.73 | 58.89 | 64.20 | 67.89 | 68.08 | 89.34 | 108.93 | 88.51 | 70.36 | 61.07 | 38.30 | 38.91 | 38.71 | |
Total Liabilities | 386.15 | 391.70 | 347.96 | 322.16 | 381.72 | 357.90 | 348.02 | 270.42 | 227.85 | 206.37 | 97.70 | 88.40 | 83.66 |
207.52 | 195.95 | 191.01 | 184.85 | 227.35 | 211.95 | 200.16 | 190.41 | 177.62 | 167.48 | 68.59 | 64.56 | 63.18 | |
CWIP | 5.25 | 0.00 | 4.30 | 0.10 | 0.11 | 0.23 | 0.08 | 0.05 | 0.05 | 0.05 | 0.05 | 0.00 | 0.00 |
Investments | 0.31 | 1.85 | 3.70 | 1.57 | 0.58 | 0.71 | 0.18 | 0.18 | 0.17 | 0.09 | 0.00 | 0.00 | 0.00 |
173.07 | 193.90 | 148.95 | 135.64 | 153.68 | 145.01 | 147.60 | 79.78 | 50.01 | 38.75 | 29.06 | 23.84 | 20.48 | |
Total Assets | 386.15 | 391.70 | 347.96 | 322.16 | 381.72 | 357.90 | 348.02 | 270.42 | 227.85 | 206.37 | 97.70 | 88.40 | 83.66 |
Cash Flows
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
31.07 | 35.34 | 75.16 | 65.21 | 47.13 | 47.73 | 37.55 | 51.18 | -0.99 | -0.92 | 6.19 | 7.29 | |
-11.49 | -2.11 | -11.75 | 0.46 | 11.59 | 7.19 | 2.80 | 2.18 | 0.67 | -0.18 | 91.78 | 3.28 | |
-21.21 | -30.32 | -67.42 | -62.37 | -59.32 | -57.48 | -38.74 | -54.94 | 1.14 | -0.61 | -97.22 | -11.22 | |
Net Cash Flow | -1.63 | 2.91 | -4.01 | 3.30 | -0.59 | -2.56 | 1.61 | -1.58 | 0.81 | -1.71 | 0.75 | -0.65 |
Ratios
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 37.02 | 18.79 | 12.88 | 10.98 | 29.03 | 30.43 | 38.54 | 22.77 | 26.12 | 20.93 | 9.02 | 0.50 |
Inventory Days | 83.32 | 92.84 | 70.55 | 81.96 | 85.79 | 75.24 | 61.60 | 32.81 | 66.37 | 79.17 | 49.75 | 6.66 |
Days Payable | 46.65 | 39.83 | 50.27 | 62.90 | 56.62 | 79.63 | 95.19 | 100.33 | 198.41 | 227.79 | 281.20 | 1,218.64 |
Cash Conversion Cycle | 73.68 | 71.79 | 33.16 | 30.03 | 58.20 | 26.04 | 4.95 | -44.76 | -105.91 | -127.69 | -222.43 | -1,211.48 |
Working Capital Days | 47.84 | 45.07 | 15.73 | 2.48 | 42.31 | 30.09 | 18.24 | -24.01 | -86.75 | -93.21 | -112.62 | -225.38 |
ROCE % | 1.79% | 12.30% | 7.34% | 13.96% | 15.17% | 7.19% | 10.32% | -4.21% | -8.27% | 6.25% | -14.58% | -2.24% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
2d - Newspaper Publication of Statement of Standalone Unaudited Financial Results for quarter and nine months ended 31.12.2024
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Change In Chairmanship Of Committees Viz; Audit, Nomination & Remuneration & Stakeholder Relationship
10 Feb - Change in chairmanship of key committees.
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Integrated Filing (Financial)
10 Feb - Submission of integrated financial results for Q3 2024.
- Statement Of Unaudited Standalone Financial Results For Quarter And Nine Months Period Ended 31.12.2024 Along With Limited Review Report 10 Feb
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Board Meeting Outcome for Board Meeting Held On 10.02.2025
10 Feb - Approval of standalone un-audited financial results for Q3 2024.
Annual reports
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from nse
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Financial Year 2011
from bse
Business Overview:[1]
Company is part of Kerala based GTN group which deals in spinning yarn, knitting, processing and garmenting. Primary business activity of PIL is production and sale of cotton yarn (counts ranging from 20s to 100s). In addition to this, PIL is also engaged in valueadding activities like TFO (Two-For-One) twisting and gassing of textile yarn