Dhanlaxmi Fabrics Ltd

Dhanlaxmi Fabrics Ltd

₹ 63.8 -4.99%
12 Apr - close price
About

Incorporated in 1980, Dhanlaxmi Fabric Ltd is
engaged in manufacturing and processing of Textile and allied products/services and Power Generation.

Key Points

Product Portfolio:[1]
a) Fabric: Cotton, Viscose, Polyester, Blended, Lycra as Pure White, Reactive or Vat Dyed, Pigment, Reactive, Prints, Disperse or Dis-change print with finishes as required by customers.
b) Yarn: Pure White, Reactive or Vat Dyed Cotton, Rayon, Polyester or Blended yarn.

  • Market Cap 54.8 Cr.
  • Current Price 63.8
  • High / Low 76.0 / 34.9
  • Stock P/E
  • Book Value 60.4
  • Dividend Yield 0.00 %
  • ROCE 3.38 %
  • ROE 0.62 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 1.06 times its book value
  • Debtor days have improved from 71.5 to 45.4 days.
  • Company's working capital requirements have reduced from 142 days to 88.4 days

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 1.66% over past five years.
  • Company has a low return on equity of 0.85% over last 3 years.
  • Company's cost of borrowing seems high

* 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 - Products

Loading peers table ...

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
16.02 17.97 13.03 16.61 17.13 23.77 22.34 22.16 23.91 16.29 4.89 4.41 4.54
14.49 16.53 12.37 15.62 16.60 21.95 19.77 21.57 22.90 15.87 7.63 5.00 5.22
Operating Profit 1.53 1.44 0.66 0.99 0.53 1.82 2.57 0.59 1.01 0.42 -2.74 -0.59 -0.68
OPM % 9.55% 8.01% 5.07% 5.96% 3.09% 7.66% 11.50% 2.66% 4.22% 2.58% -56.03% -13.38% -14.98%
1.18 0.05 0.85 0.10 -0.08 0.06 -0.83 0.75 0.27 0.15 0.21 0.51 -0.89
Interest 0.19 0.24 0.15 0.21 0.25 0.27 0.26 0.38 0.29 0.28 0.08 0.03 0.04
Depreciation 0.73 1.09 0.79 0.79 0.79 0.77 0.72 0.80 0.76 0.78 0.52 0.03 0.25
Profit before tax 1.79 0.16 0.57 0.09 -0.59 0.84 0.76 0.16 0.23 -0.49 -3.13 -0.14 -1.86
Tax % -3.91% 118.75% 24.56% 0.00% 13.56% 26.19% 31.58% 12.50% 65.22% 26.53% 1.28% -85.71% -3.23%
1.86 -0.03 0.43 0.09 -0.51 0.61 0.52 0.13 0.08 -0.36 -3.09 -0.26 -1.91
EPS in Rs 2.17 -0.03 0.50 0.10 -0.59 0.71 0.61 0.15 0.09 -0.42 -3.60 -0.30 -2.23
Raw PDF

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
50.78 67.65 82.82 98.97 103.04 104.42 77.98 81.45 84.33 46.43 70.52 84.67 30.13
45.27 61.53 71.99 89.47 92.13 93.91 71.23 72.91 72.99 42.91 66.53 80.07 33.72
Operating Profit 5.51 6.12 10.83 9.50 10.91 10.51 6.75 8.54 11.34 3.52 3.99 4.60 -3.59
OPM % 10.85% 9.05% 13.08% 9.60% 10.59% 10.07% 8.66% 10.48% 13.45% 7.58% 5.66% 5.43% -11.92%
0.27 1.17 1.29 1.53 -1.15 1.75 2.95 4.52 -3.86 1.49 0.92 0.32 -0.02
Interest 0.75 0.55 1.90 3.13 2.88 3.31 2.91 2.40 1.64 0.91 0.87 1.20 0.43
Depreciation 4.78 4.76 5.95 4.91 4.87 3.92 4.09 4.15 3.57 3.37 3.14 3.06 1.58
Profit before tax 0.25 1.98 4.27 2.99 2.01 5.03 2.70 6.51 2.27 0.73 0.90 0.66 -5.62
Tax % 24.00% 30.30% 52.22% 26.42% 48.76% 41.95% 32.22% 0.92% 16.74% -4.11% 32.22% 42.42%
0.19 1.37 2.04 2.20 1.02 2.92 1.83 6.45 1.89 0.75 0.62 0.37 -5.62
EPS in Rs 0.22 1.60 2.38 2.56 1.19 3.40 2.13 7.52 2.20 0.87 0.72 0.43 -6.55
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: 2%
5 Years: 2%
3 Years: 0%
TTM: -67%
Compounded Profit Growth
10 Years: -13%
5 Years: -29%
3 Years: -62%
TTM: -373%
Stock Price CAGR
10 Years: 17%
5 Years: 19%
3 Years: 62%
1 Year: 52%
Return on Equity
10 Years: 5%
5 Years: 5%
3 Years: 1%
Last Year: 1%

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 8.58 8.58 8.58 8.58 8.58 8.58 8.58 8.58 8.58 8.58 8.58 8.58 8.58
Reserves 26.01 27.44 29.48 31.30 32.32 35.23 36.34 42.68 44.24 45.13 45.87 46.37 43.23
5.91 7.42 27.39 22.03 26.84 32.98 26.24 23.47 16.80 8.55 16.33 9.76 0.95
15.14 21.98 32.65 30.05 21.84 17.45 11.67 10.52 8.75 8.95 8.20 5.59 3.92
Total Liabilities 55.64 65.42 98.10 91.96 89.58 94.24 82.83 85.25 78.37 71.21 78.98 70.30 56.68
26.36 21.80 41.04 34.34 28.71 33.79 30.26 27.46 23.89 20.03 17.01 14.71 13.91
CWIP 3.71 8.85 7.56 7.56 13.56 10.56 10.81 10.48 10.48 10.49 10.50 13.96 13.96
Investments 0.62 0.62 0.62 0.62 0.62 0.62 0.23 0.19 0.64 1.11 1.24 8.61 0.00
24.95 34.15 48.88 49.44 46.69 49.27 41.53 47.12 43.36 39.58 50.23 33.02 28.81
Total Assets 55.64 65.42 98.10 91.96 89.58 94.24 82.83 85.25 78.37 71.21 78.98 70.30 56.68

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
11.38 -0.28 4.35 4.71 -3.09 20.28 14.54 -0.46 5.16 6.65 -7.63 13.16
-1.68 -2.86 -22.00 2.35 0.92 -11.83 -5.37 4.58 4.36 0.46 0.73 -6.10
-7.79 1.04 18.12 -6.87 1.84 -7.98 -9.24 -4.02 -9.27 -7.40 7.12 -7.42
Net Cash Flow 1.91 -2.10 0.47 0.19 -0.33 0.47 -0.06 0.11 0.25 -0.29 0.22 -0.36

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 83.59 115.73 108.86 80.73 58.63 83.19 78.21 93.84 79.86 101.96 67.23 45.35
Inventory Days 40.96 25.81 94.74 75.20 67.03 171.77 254.58 122.00 120.18 176.67 205.55 98.71
Days Payable 68.79 92.81 137.73 87.51 40.38 107.61 144.16 64.51 68.29 102.35 62.46 31.51
Cash Conversion Cycle 55.76 48.74 65.86 68.43 85.27 147.35 188.64 151.33 131.74 176.28 210.32 112.55
Working Capital Days 78.13 75.54 83.65 70.51 81.93 97.59 102.37 130.81 114.78 172.71 163.92 88.37
ROCE % 2.16% 6.15% 10.74% 9.48% 14.28% 11.69% 7.64% 8.91% 12.72% 1.80% 2.00% 3.38%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
74.91% 74.91% 74.91% 74.91% 74.91% 74.91% 74.91% 74.91% 74.91% 74.91% 74.91% 74.91%
25.09% 25.09% 25.09% 25.09% 25.09% 25.09% 25.09% 25.09% 25.08% 25.10% 25.09% 25.08%
No. of Shareholders 1,0141,0471,0851,1481,1934,3023,9373,6373,5813,4693,0562,875

Documents