Vijay Textiles Ltd

Vijay Textiles Ltd

₹ 25.3 1.12%
23 Feb - close price
About

Incorporated in 1990, Vijay Textiles Limited
is engaged in Textile manufacturing.

Key Points

Business Overview:[1]
Company manufactures fabrics like canvas, cotton, crepe, linen, satin, etc. with 5000+ in-house customized designs of floral, paisleys, abstract, geometrical, etc.

  • Market Cap 46.4 Cr.
  • Current Price 25.3
  • High / Low 35.9 / 22.3
  • Stock P/E
  • Book Value 35.0
  • Dividend Yield 0.00 %
  • ROCE -0.43 %
  • ROE -9.54 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.72 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -25.3% over past five years.
  • Company has a low return on equity of -21.0% over last 3 years.
  • Company might be capitalizing the interest cost
  • Promoters have pledged 50.3% of their holding.
  • Company has high debtors of 2,225 days.

* 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

Figures in Rs. Crores

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
7.21 7.29 8.07 4.76 6.69 8.75 5.73 6.16 5.75 9.87 3.96 4.18 3.10
10.02 8.53 15.66 5.64 8.65 8.33 6.22 4.96 4.29 10.68 2.62 4.52 0.52
Operating Profit -2.81 -1.24 -7.59 -0.88 -1.96 0.42 -0.49 1.20 1.46 -0.81 1.34 -0.34 2.58
OPM % -38.97% -17.01% -94.05% -18.49% -29.30% 4.80% -8.55% 19.48% 25.39% -8.21% 33.84% -8.13% 83.23%
0.05 0.03 0.02 0.03 0.30 6.22 0.60 -0.00 -0.00 0.21 0.32 0.19 0.18
Interest 4.54 4.48 3.31 3.72 3.85 3.17 3.91 3.16 3.19 0.80 0.60 2.12 2.19
Depreciation 1.73 1.61 1.57 1.54 1.54 1.61 1.32 1.29 1.30 1.26 1.18 1.22 1.22
Profit before tax -9.03 -7.30 -12.45 -6.11 -7.05 1.86 -5.12 -3.25 -3.03 -2.66 -0.12 -3.49 -0.65
Tax % 23.59% 40.55% 27.95% 30.44% 13.33% -72.04% 15.04% 39.38% -2.97% 28.95% 475.00% 4.87% -12.31%
-6.90 -4.35 -8.97 -4.26 -6.11 3.21 -4.35 -1.96 -3.11 -1.90 0.45 -3.32 -0.72
EPS in Rs -3.77 -2.38 -4.90 -2.33 -3.34 1.75 -2.38 -1.07 -1.70 -1.04 0.25 -1.81 -0.39
Raw PDF

Profit & Loss

Figures in Rs. Crores

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
99.68 92.64 106.03 89.26 107.90 115.96 110.29 94.85 65.81 25.21 25.93 25.73 21.11
71.23 66.21 83.09 79.95 78.62 85.99 75.89 65.27 45.60 37.56 28.85 22.50 18.34
Operating Profit 28.45 26.43 22.94 9.31 29.28 29.97 34.40 29.58 20.21 -12.35 -2.92 3.23 2.77
OPM % 28.54% 28.53% 21.64% 10.43% 27.14% 25.85% 31.19% 31.19% 30.71% -48.99% -11.26% 12.55% 13.12%
5.18 3.39 5.10 0.33 0.52 3.51 1.42 1.05 0.49 0.02 7.15 0.48 0.90
Interest 27.25 23.31 21.29 20.41 20.22 21.83 22.10 21.90 17.75 16.64 14.65 7.74 5.71
Depreciation 5.30 6.00 6.03 8.80 8.50 7.42 7.01 6.59 7.59 6.59 6.00 5.03 4.88
Profit before tax 1.08 0.51 0.72 -19.57 1.08 4.23 6.71 2.14 -4.64 -35.56 -16.42 -9.06 -6.92
Tax % 52.78% 258.82% -175.00% 1.53% 6.48% -8.04% -19.52% -40.65% -24.35% 32.62% 29.90% 27.92%
0.51 -0.81 1.98 -19.27 1.01 4.57 8.03 3.01 -5.76 -23.96 -11.51 -6.53 -5.49
EPS in Rs 0.44 -0.70 1.72 -16.76 0.88 3.48 6.12 1.97 -3.77 -13.09 -6.29 -3.57 -2.99
Dividend Payout % -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% 16.35% -0.00% -0.00% -0.00% -0.00% -0.00%
Compounded Sales Growth
10 Years: -12%
5 Years: -25%
3 Years: -27%
TTM: -20%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -4%
TTM: 12%
Stock Price CAGR
10 Years: 16%
5 Years: -6%
3 Years: -12%
1 Year: -23%
Return on Equity
10 Years: -8%
5 Years: -13%
3 Years: -21%
Last Year: -10%

Balance Sheet

Figures in Rs. Crores

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 11.50 11.50 11.50 11.50 11.50 13.13 13.13 15.29 15.29 18.31 18.31 18.31 18.31
Reserves 58.53 58.22 60.20 40.37 41.38 48.14 56.02 72.64 66.89 64.12 52.74 46.32 45.77
Preference Capital 50.00 50.00 50.00 50.00 52.76 -0.00 15.15 -0.00 -0.00 -0.00 -0.00 -0.00
175.72 164.08 151.68 170.45 177.16 199.46 195.47 204.13 201.89 224.67 228.08 226.13 214.55
93.12 72.71 81.48 81.06 86.62 76.99 90.16 80.13 99.91 53.71 52.54 62.00 79.40
Total Liabilities 338.87 306.51 304.86 303.38 316.66 337.72 354.78 372.19 383.98 360.81 351.67 352.76 358.03
92.55 100.01 94.15 88.91 85.89 80.05 75.56 70.29 77.45 70.28 57.02 51.65 49.61
CWIP 94.16 1.33 3.94 0.69 -0.00 -0.00 -0.00 -0.00 0.21 -0.00 0.19 0.29 -0.00
Investments -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00
152.16 205.17 206.77 213.78 230.77 257.67 279.22 301.90 306.32 290.53 294.46 300.82 308.42
Total Assets 338.87 306.51 304.86 303.38 316.66 337.72 354.78 372.19 383.98 360.81 351.67 352.76 358.03

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
9.30 -23.01 34.26 0.54 13.53 10.67 11.70 7.15 22.43 26.10 -16.00 9.91
-20.93 81.90 1.75 -0.64 -4.69 -1.50 -2.45 -1.29 -0.39 0.29 9.35 0.21
12.25 -59.89 -36.24 5.48 -13.93 -9.46 -9.39 -5.90 -22.11 -25.71 7.25 -4.12
Net Cash Flow 0.62 -1.00 -0.23 5.38 -5.08 -0.29 -0.13 -0.03 -0.07 0.68 0.60 5.99

Ratios

Figures in Rs. Crores

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 204.03 240.54 259.80 389.98 388.04 375.36 404.68 545.86 887.57 2,230.54 2,151.15 2,225.46
Inventory Days 609.92 747.70 609.73 527.73 576.33 643.38 910.35 1,196.78 1,742.08 2,214.10 3,481.08 3,473.03
Days Payable 78.55 49.46 85.85 91.46 116.27 112.31 121.55 154.68 245.47 368.50 653.59 757.15
Cash Conversion Cycle 735.40 938.78 783.67 826.25 848.09 906.42 1,193.48 1,587.96 2,384.18 4,076.14 4,978.64 4,941.35
Working Capital Days 456.51 685.12 559.74 702.40 635.82 657.51 767.13 945.54 1,327.61 2,961.55 3,152.96 3,013.06
ROCE % 8.65% 8.26% 7.90% 0.31% 7.71% 9.58% 10.65% 8.41% 4.55% -6.37% -2.54% -0.43%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
74.76% 74.76% 74.76% 74.76% 74.76% 74.76% 74.76% 74.76% 74.76% 74.76% 74.76% 74.76%
25.24% 25.24% 25.24% 25.24% 25.24% 25.24% 25.24% 25.24% 25.24% 25.24% 25.23% 25.23%
No. of Shareholders 7,6247,5277,4207,3697,4117,4927,5787,5117,2987,3297,2687,268

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