Kiran Syntex Ltd

₹ 7.17 -3.63%
May 20 - close price
About

Incorporated in 1986, Kiran Syntex Ltd is engaged in trading and manufacturing of dyed yarn.

Key Points

Product Portfolio:[1]
a) Polyester Mono Dyed Yarn
b) Polyester Filament Dyed Yarn
c) Polyester Air Textured Dyed Yarn
d) Polyester Slub Dyed Yarn
e) Polyester Space Dyed Yarn

  • Market Cap 3.05 Cr.
  • Current Price 7.17
  • High / Low 28.8 / 2.78
  • Stock P/E
  • Book Value 5.27
  • Dividend Yield 0.00 %
  • ROCE -2.41 %
  • ROE -2.56 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Promoter holding has increased by 1.02% over last quarter.

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of -2.91% for last 3 years.
  • Contingent liabilities of Rs.20.05 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.

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Quarterly Results

Figures in Rs. Crores

Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.01 0.04 0.01 0.02 0.01 0.01 0.04 0.01 0.01 0.08 0.00 0.01
Operating Profit -0.01 -0.04 -0.01 -0.02 -0.01 -0.01 -0.04 -0.01 -0.01 -0.08 0.00 -0.01
OPM %
0.00 0.00 0.00 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax -0.01 -0.04 -0.01 0.00 -0.01 -0.01 -0.04 -0.01 -0.01 -0.08 0.00 -0.01
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Profit -0.01 -0.04 -0.01 0.00 -0.01 -0.01 -0.04 -0.01 -0.01 -0.08 0.00 -0.01
EPS in Rs -0.02 -0.09 -0.02 0.00 -0.02 -0.02 -0.09 -0.02 -0.02 -0.19 0.00 -0.02

Profit & Loss

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
11.65 5.44 8.88 11.18 11.74 2.38 0.45 0.00 -0.02 0.00 0.00 0.00 0.00
11.34 5.32 8.60 10.84 11.54 2.60 0.52 0.09 0.07 0.09 0.08 0.06 0.10
Operating Profit 0.31 0.12 0.28 0.34 0.20 -0.22 -0.07 -0.09 -0.09 -0.09 -0.08 -0.06 -0.10
OPM % 2.66% 2.21% 3.15% 3.04% 1.70% -9.24% -15.56%
0.03 0.02 -0.15 -0.28 0.01 0.03 0.00 0.07 0.00 0.00 0.02 0.00 0.00
Interest 0.02 0.02 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.07 0.06 0.04 0.03 0.03 0.04 0.01 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax 0.25 0.06 0.08 0.02 0.18 -0.23 -0.08 -0.02 -0.09 -0.09 -0.06 -0.06 -0.10
Tax % 8.00% 16.67% 12.50% 0.00% 22.22% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Profit 0.23 0.05 0.06 0.01 0.14 -0.23 -0.08 -0.02 -0.09 -0.09 -0.06 -0.06 -0.10
EPS in Rs 0.54 0.12 0.14 0.02 0.33 -0.54 -0.19 -0.05 -0.21 -0.21 -0.14 -0.14 -0.23
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: %
5 Years: %
3 Years: %
TTM: %
Compounded Profit Growth
10 Years: %
5 Years: 5%
3 Years: 10%
TTM: -43%
Stock Price CAGR
10 Years: 13%
5 Years: 20%
3 Years: 22%
1 Year: 79%
Return on Equity
10 Years: -1%
5 Years: -3%
3 Years: -3%
Last Year: -3%

Balance Sheet

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Sep 2021
4.24 4.24 4.24 4.24 4.24 4.24 4.24 4.24 4.24 4.24 4.24 4.24 4.24
Reserves -1.55 -1.50 -1.45 -1.44 -1.30 -1.53 -1.61 -1.63 -1.72 -1.81 -1.87 -1.93 -1.99
Borrowings 0.20 0.08 0.07 0.00 0.00 0.00 0.00 0.00 0.03 0.09 0.14 0.15 0.15
8.40 0.75 0.88 2.07 0.64 0.10 0.05 0.02 0.14 0.17 0.05 0.10 0.13
Total Liabilities 11.29 3.57 3.74 4.87 3.58 2.81 2.68 2.63 2.69 2.69 2.56 2.56 2.53
0.23 0.17 0.13 0.10 0.07 0.04 0.02 0.02 0.02 0.02 0.02 0.02 0.02
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
11.06 3.40 3.61 4.77 3.51 2.77 2.66 2.61 2.67 2.67 2.54 2.54 2.51
Total Assets 11.29 3.57 3.74 4.87 3.58 2.81 2.68 2.63 2.69 2.69 2.56 2.56 2.53

Cash Flows

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
2.60 -2.72 -0.16 -0.38 0.47 -0.28 -0.01 -0.12 -0.06 0.00 -0.01 -0.01
-0.09 0.00 0.00 0.00 0.01 0.00 0.00 0.07 0.00 0.00 0.02 0.00
-2.55 2.71 0.05 0.37 -0.55 0.28 0.00 -0.11 0.00 0.00 0.00 0.00
Net Cash Flow -0.04 -0.01 -0.11 -0.01 -0.07 0.00 -0.01 -0.16 -0.06 0.00 0.01 -0.01

Ratios

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 168.87 46.30 46.04 49.95 23.63 78.21 389.33 0.00
Inventory Days 5.74 0.00 0.88 55.65 10.21 0.00 0.00 0.00
Days Payable 233.39 12.28 40.56 14.09
Cash Conversion Cycle -58.78 46.30 34.63 65.04 19.74 78.21 389.33 0.00
Working Capital Days 56.39 4.70 18.50 26.44 35.44 147.23 559.67 -182.50
ROCE % 9.80% 2.80% 8.80% 11.31% 6.27% -9.20% -3.00% -3.44% -3.49% -3.55% -2.39% -2.41%

Shareholding Pattern

Numbers in percentages

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
40.41 40.41 40.41 40.41 40.41 40.41 40.41 40.41 40.41 40.41 44.32 45.34
0.46 0.46 0.46 0.46 0.46 0.46 0.46 0.46 0.46 0.46 0.46 0.46
59.13 59.13 59.13 59.13 59.13 59.13 59.13 59.13 59.13 59.13 55.22 54.19

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