Suncity Synthetics Ltd

Suncity Synthetics Ltd

₹ 31.2 1.99%
14 Jun - close price
About

Incorporated in 1988, Suncity Synthetics Ltd manufactures Polyester staple fiber and Nylon granules[1]

Key Points

Business Overview:[1]
Company is in the business of manufacturing nylon granules, which are used as the matrix material in composite materials for reinforcing fibers like glass or carbon fiber. Company also manufactures polyester staple fibre and nylon staple fibre (NSF), which finds applications
in technical textile products and automotive industries. SSL has 2 factories in Jodhpur, Rajasthan where one is used for manufacturing PSF and the other is used for nylon granule and fibre manufacturing

  • Market Cap 15.4 Cr.
  • Current Price 31.2
  • High / Low 31.2 / 5.24
  • Stock P/E
  • Book Value 0.18
  • Dividend Yield 0.00 %
  • ROCE -0.21 %
  • ROE -950 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 172 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -46.6% over past five years.
  • Company might be capitalizing the interest cost
  • Debtor days have increased from 54.5 to 146 days.
  • Working capital days have increased from 153 days to 316 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

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
1.92 1.97 1.82 1.98 1.87 1.15 1.60 1.18 0.70 0.35 0.53 0.11 0.64
1.72 1.60 1.73 1.91 1.80 1.36 1.48 1.23 0.40 0.38 0.43 0.10 1.06
Operating Profit 0.20 0.37 0.09 0.07 0.07 -0.21 0.12 -0.05 0.30 -0.03 0.10 0.01 -0.42
OPM % 10.42% 18.78% 4.95% 3.54% 3.74% -18.26% 7.50% -4.24% 42.86% -8.57% 18.87% 9.09% -65.62%
1.36 0.00 0.32 0.10 0.55 0.00 0.03 0.01 0.34 0.00 0.00 0.00 0.86
Interest 0.15 0.14 0.14 0.12 0.14 0.07 0.06 0.07 0.06 0.06 0.05 0.05 0.05
Depreciation 0.38 0.19 0.19 0.19 0.18 0.09 0.10 0.10 0.33 0.08 0.08 0.08 -0.02
Profit before tax 1.03 0.04 0.08 -0.14 0.30 -0.37 -0.01 -0.21 0.25 -0.17 -0.03 -0.12 0.41
Tax % -15.53% 0.00% 0.00% 0.00% -36.67% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
1.19 0.04 0.08 -0.14 0.41 -0.37 -0.01 -0.22 0.26 -0.17 -0.03 -0.12 0.41
EPS in Rs 2.41 0.08 0.16 -0.28 0.83 -0.75 -0.02 -0.44 0.53 -0.34 -0.06 -0.24 0.83
Raw PDF

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
8.14 37.86 44.47 33.23 37.67 37.49 45.99 14.86 4.68 7.61 4.63 2.00
6.88 34.85 41.13 31.24 34.00 34.01 42.74 15.97 7.70 6.71 4.47 1.95
Operating Profit 1.26 3.01 3.34 1.99 3.67 3.48 3.25 -1.11 -3.02 0.90 0.16 0.05
OPM % 15.48% 7.95% 7.51% 5.99% 9.74% 9.28% 7.07% -7.47% -64.53% 11.83% 3.46% 2.50%
0.05 0.04 0.05 0.06 0.05 0.11 0.03 0.03 1.36 0.55 0.38 0.48
Interest 0.37 1.35 1.80 1.77 1.70 1.55 1.24 1.11 0.83 0.54 0.27 0.22
Depreciation 0.61 1.18 2.03 1.98 1.97 2.01 1.88 1.81 1.55 0.74 0.33 0.22
Profit before tax 0.33 0.52 -0.44 -1.70 0.05 0.03 0.16 -4.00 -4.04 0.17 -0.06 0.09
Tax % 48.48% 53.85% 95.45% 30.59% -160.00% 200.00% 68.75% -3.00% 3.96% -64.71% -116.67% -44.44%
0.16 0.23 -0.02 -1.18 0.13 -0.03 0.05 -4.12 -3.88 0.28 -0.12 0.13
EPS in Rs 0.32 0.47 -0.04 -2.39 0.26 -0.06 0.10 -8.33 -7.85 0.57 -0.24 0.26
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: -25%
5 Years: -47%
3 Years: -25%
TTM: -57%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 25%
TTM: -58%
Stock Price CAGR
10 Years: 22%
5 Years: 49%
3 Years: 109%
1 Year: 398%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: -950%

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
Equity Capital 4.95 4.95 4.95 4.95 4.95 4.95 4.95 4.95 4.95 4.95 4.95 4.95
Reserves 4.63 4.87 3.93 2.75 2.88 2.84 2.85 -1.27 -5.15 -4.87 -4.99 -4.86
9.90 13.06 14.50 15.07 14.80 14.44 11.28 12.50 9.41 5.09 4.75 4.64
2.32 2.67 2.46 2.08 3.15 5.02 4.29 2.00 1.20 1.37 0.67 0.82
Total Liabilities 21.80 25.55 25.84 24.85 25.78 27.25 23.37 18.18 10.41 6.54 5.38 5.55
16.35 15.81 15.64 14.14 12.71 11.24 9.77 7.95 5.80 3.32 2.99 2.53
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
Investments 0.10 0.10 0.10 0.10 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.02
5.35 9.64 10.10 10.61 13.04 15.98 13.57 10.20 4.58 3.19 2.36 3.00
Total Assets 21.80 25.55 25.84 24.85 25.78 27.25 23.37 18.18 10.41 6.54 5.38 5.55

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
0.07 -1.15 2.86 1.34 2.01 2.23 4.03 -0.73 2.29 2.45 0.66 -0.34
-7.95 -0.46 -2.74 -0.19 -0.09 -0.29 -0.33 -0.01 1.95 2.51 0.03 0.57
7.40 1.82 -0.34 -1.11 -2.03 -1.90 -3.77 0.69 -4.24 -4.85 -0.61 -0.41
Net Cash Flow -0.48 0.21 -0.23 0.04 -0.11 0.04 -0.07 -0.04 0.00 0.11 0.08 -0.19

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 32.29 20.05 27.25 24.71 19.57 33.39 21.35 11.79 23.40 25.42 -7.88 146.00
Inventory Days 229.06 72.83 55.83 104.10 136.99 174.81 113.61 316.31 201.30 142.52 204.45 441.99
Days Payable 51.82 11.04 12.51 16.52 25.62 39.44 17.45 31.28 33.73 65.35 28.88 79.84
Cash Conversion Cycle 209.53 81.85 70.57 112.29 130.94 168.77 117.51 296.82 190.97 102.59 167.69 508.15
Working Capital Days 109.86 56.98 49.49 70.52 74.90 86.07 62.22 178.32 222.28 62.35 81.99 315.72
ROCE % 4.51% 8.83% 5.88% 0.30% 7.71% 7.18% 6.78% -16.45% -35.84% 2.36% 4.25%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
45.46% 45.46% 45.46% 45.46% 45.46% 45.46% 45.46% 45.46% 45.46% 45.46% 45.46% 45.46%
3.03% 3.03% 3.03% 3.03% 3.03% 3.03% 3.03% 3.03% 3.03% 3.03% 3.03% 3.03%
3.03% 3.03% 3.03% 3.03% 3.03% 3.02% 3.02% 3.02% 3.02% 3.02% 3.02% 3.02%
48.48% 48.48% 48.48% 48.48% 48.48% 48.48% 48.48% 48.48% 48.48% 48.47% 48.48% 48.46%
No. of Shareholders 1,7981,8541,8442,3082,2952,3172,3592,3402,3282,7142,9343,215

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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