Vinyoflex Ltd

Vinyoflex Ltd

₹ 108 2.13%
18 Apr - close price
About

Incorporated in 1996, Vinyoflex Ltd. is engaged in the manufacturing and selling of PVC Sheeting (Vinyl Films) such as PVC Leather Cloth, PVC Sheetings Films, Precision Investment Casting.

Key Points

Products and Application:[1]
The company's product range includes PVC films and sheets both plain and printed, flexible rigid & semi rigid for application such as rainwear, shower curtains, file cover, table covers, car matt, stationary products, refrigerator cover, cable wrap tape, insulation tape, vinyl wall cover, blood bag, urine bag etc.

  • Market Cap 46.7 Cr.
  • Current Price 108
  • High / Low 143 / 66.7
  • Stock P/E 11.4
  • Book Value 65.0
  • Dividend Yield 0.00 %
  • ROCE 16.0 %
  • ROE 14.0 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 10.7% over past five years.
  • Company has a low return on equity of 10.7% over last 3 years.

* 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: Plastic products Industry: Plastics Products

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Quarterly Results

Figures in Rs. Crores

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
12.52 12.82 5.45 11.39 12.98 12.97 12.97 12.67 16.30 14.15 9.34 11.04 13.53
11.18 12.44 5.25 10.67 12.20 11.37 12.31 11.74 14.66 12.06 8.55 9.65 11.81
Operating Profit 1.34 0.38 0.20 0.72 0.78 1.60 0.66 0.93 1.64 2.09 0.79 1.39 1.72
OPM % 10.70% 2.96% 3.67% 6.32% 6.01% 12.34% 5.09% 7.34% 10.06% 14.77% 8.46% 12.59% 12.71%
0.07 0.03 0.02 0.02 0.02 0.02 0.00 0.01 0.02 0.02 0.10 0.03 0.02
Interest 0.00 0.05 0.10 0.05 0.07 0.13 0.11 0.06 0.05 0.11 0.06 0.03 0.03
Depreciation 0.08 0.05 0.08 0.09 0.08 0.05 0.09 0.09 0.10 0.11 0.10 0.10 0.13
Profit before tax 1.33 0.31 0.04 0.60 0.65 1.44 0.46 0.79 1.51 1.89 0.73 1.29 1.58
Tax % 24.06% 32.26% 25.00% 21.67% 29.23% 26.39% 26.09% 25.32% 25.17% 26.46% 24.66% 24.81% 25.32%
1.01 0.21 0.03 0.47 0.47 1.06 0.34 0.59 1.13 1.40 0.55 0.97 1.18
EPS in Rs 2.34 0.49 0.07 1.09 1.09 2.45 0.79 1.37 2.62 3.24 1.27 2.25 2.73
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
27.25 29.88 33.10 32.18 28.86 31.08 33.77 38.99 37.70 34.73 42.77 56.08 48.06
25.57 28.04 31.00 29.49 26.12 28.04 30.82 36.13 33.84 32.14 39.44 50.74 42.07
Operating Profit 1.68 1.84 2.10 2.69 2.74 3.04 2.95 2.86 3.86 2.59 3.33 5.34 5.99
OPM % 6.17% 6.16% 6.34% 8.36% 9.49% 9.78% 8.74% 7.34% 10.24% 7.46% 7.79% 9.52% 12.46%
0.06 0.08 0.05 0.08 0.16 0.03 0.11 0.05 0.04 0.12 0.06 0.02 0.17
Interest 0.46 0.48 0.50 0.51 0.29 0.28 0.21 0.15 0.17 0.20 0.36 0.33 0.23
Depreciation 0.28 0.30 0.31 0.29 0.25 0.26 0.27 0.30 0.32 0.29 0.29 0.37 0.44
Profit before tax 1.00 1.14 1.34 1.97 2.36 2.53 2.58 2.46 3.41 2.22 2.74 4.66 5.49
Tax % 34.00% 33.33% 32.84% 27.92% 33.90% 33.20% 27.52% 28.05% 26.10% 25.68% 25.55% 25.54%
0.66 0.76 0.91 1.41 1.56 1.69 1.87 1.77 2.51 1.65 2.03 3.47 4.10
EPS in Rs 1.53 1.76 2.11 3.26 3.61 3.91 4.33 4.10 5.81 3.82 4.70 8.03 9.49
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: 7%
5 Years: 11%
3 Years: 14%
TTM: -12%
Compounded Profit Growth
10 Years: 16%
5 Years: 13%
3 Years: 11%
TTM: 31%
Stock Price CAGR
10 Years: 28%
5 Years: 31%
3 Years: 56%
1 Year: 35%
Return on Equity
10 Years: 12%
5 Years: 11%
3 Years: 11%
Last Year: 14%

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 4.32 4.32 4.32 4.32 4.32 4.32 4.32 4.32 4.32 4.32 4.32 4.32 4.32
Reserves 2.88 3.64 4.55 5.68 7.24 8.93 10.80 12.57 15.08 16.72 18.76 22.22 23.74
3.70 5.03 6.72 5.30 4.65 4.02 4.01 4.16 5.38 5.72 7.42 5.19 1.15
5.99 6.87 5.68 5.11 2.49 2.49 1.94 3.94 3.50 3.16 3.97 3.59 2.62
Total Liabilities 16.89 19.86 21.27 20.41 18.70 19.76 21.07 24.99 28.28 29.92 34.47 35.32 31.83
2.79 2.75 2.60 2.16 2.13 2.11 2.31 2.54 2.64 2.51 5.76 6.54 6.59
CWIP 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
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
14.10 17.11 18.67 18.25 16.57 17.65 18.76 22.45 25.64 27.41 28.71 28.78 25.24
Total Assets 16.89 19.86 21.27 20.41 18.70 19.76 21.07 24.99 28.28 29.92 34.47 35.32 31.83

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
0.84 -0.80 0.00 2.25 1.23 0.78 0.43 0.54 -0.76 2.73 3.79 1.60
-0.51 -0.12 0.00 -0.19 -0.30 -0.32 -0.23 -0.54 -0.30 -2.90 -3.47 -1.12
-0.18 0.88 0.00 -1.94 -0.92 -0.90 -0.22 0.00 1.06 0.14 -0.36 -0.33
Net Cash Flow 0.15 -0.04 0.00 0.13 0.01 -0.45 -0.02 0.00 0.00 -0.03 -0.04 0.15

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 131.27 142.92 154.93 145.52 135.58 136.11 149.05 152.22 179.79 185.60 165.90 137.27
Inventory Days 46.14 60.31 43.28 55.01 67.33 86.49 66.50 61.67 76.74 89.22 96.68 61.45
Days Payable 81.50 85.54 60.48 56.30 19.07 29.97 19.51 31.56 27.22 36.47 37.37 23.82
Cash Conversion Cycle 95.91 117.69 137.73 144.24 183.83 192.63 196.03 182.32 229.30 238.34 225.20 174.90
Working Capital Days 105.95 122.28 141.26 144.39 172.76 174.40 181.91 173.37 213.38 254.23 211.56 163.36
ROCE % 13.97% 13.56% 12.95% 16.06% 16.82% 16.79% 15.33% 12.99% 15.62% 9.39% 10.83% 16.04%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
51.19% 51.19% 51.19% 51.19% 51.19% 51.19% 51.23% 51.23% 51.23% 51.23% 51.23% 51.23%
48.81% 48.81% 48.81% 48.81% 48.81% 48.81% 48.76% 48.77% 48.77% 48.77% 48.77% 48.76%
No. of Shareholders 2,8882,9792,9592,9572,9762,9813,8994,1244,7695,6185,9026,236

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