Anjani Synthetics Ltd

Anjani Synthetics Ltd

₹ 43.8 -0.25%
23 Feb - close price
About

Incorporated in 1984, Anjani Synthetics Ltd manufactures and processes textile products

Key Points

Product Profile:[1][2]
Company manufactures fabrics ranging from Cotton to Viscose to Synthetic and Blended fabrics fabrics for Shirting, Suiting, Dress Materials, etc. Company prints in disperse, reactive, pigment, discharge dyes and also produce plain dyed fabrics. Apart from this, company has its own design studio which creates unique & trendy designs as per latest Fashion trends
a) Shirting Fabric:
Company has range of shirting fabrics in plain, checks, stripes and various designs for all occasion and season
b) Suiting Fabrics:
Company produces all type of Suiting / Bottom wear fabrics in wide range of quality, color and designs
c) Dress Materials:
Company offers fashionable dress materials suitable for office wear, party wear and for other occasions

  • Market Cap 64.7 Cr.
  • Current Price 43.8
  • High / Low 49.9 / 25.0
  • Stock P/E 17.3
  • Book Value 54.6
  • Dividend Yield 0.00 %
  • ROCE 7.11 %
  • ROE 4.50 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 0.80 times its book value
  • Debtor days have improved from 132 to 103 days.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -0.92% over past five years.
  • Company has a low return on equity of 4.88% 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: Textiles Industry: Textiles - Processing

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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
92.65 103.47 38.76 60.41 97.37 108.17 121.62 81.12 43.99 81.46 58.43 72.22 59.66
88.02 100.42 36.50 57.54 94.20 106.13 118.01 79.41 41.73 78.87 56.14 69.78 56.68
Operating Profit 4.63 3.05 2.26 2.87 3.17 2.04 3.61 1.71 2.26 2.59 2.29 2.44 2.98
OPM % 5.00% 2.95% 5.83% 4.75% 3.26% 1.89% 2.97% 2.11% 5.14% 3.18% 3.92% 3.38% 4.99%
0.02 0.01 0.38 0.13 0.08 1.55 0.06 1.27 0.04 0.64 0.41 0.62 0.07
Interest 1.50 1.21 1.30 1.09 1.15 1.35 1.45 1.49 1.01 1.01 1.14 1.23 1.22
Depreciation 1.26 0.57 0.75 0.76 0.78 0.45 0.63 0.58 0.71 0.68 0.59 0.63 0.66
Profit before tax 1.89 1.28 0.59 1.15 1.32 1.79 1.59 0.91 0.58 1.54 0.97 1.20 1.17
Tax % 25.40% 39.84% 28.81% 21.74% 28.03% 3.35% 25.16% 26.37% 25.86% 22.73% 26.80% 25.00% 17.95%
1.41 0.78 0.42 0.90 0.94 1.74 1.19 0.68 0.43 1.18 0.71 0.90 0.95
EPS in Rs 0.96 0.53 0.28 0.61 0.64 1.18 0.81 0.46 0.29 0.80 0.48 0.61 0.64
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
300 323 323 343 395 368 344 307 325 266 305 328 272
283 308 306 326 376 350 329 290 309 256 294 318 261
Operating Profit 17 15 16 17 19 18 15 17 16 10 10 10 10
OPM % 6% 5% 5% 5% 5% 5% 4% 5% 5% 4% 3% 3% 4%
0 1 1 2 0 2 2 1 1 3 2 2 2
Interest 10 10 11 11 10 8 8 8 8 5 5 5 5
Depreciation 2 2 2 3 4 6 5 5 4 4 3 3 3
Profit before tax 5 4 4 6 5 5 5 5 5 4 5 5 5
Tax % 34% 34% 32% 23% 24% 38% 37% 34% 25% 28% 18% 25%
3 3 3 4 4 3 3 3 4 3 4 3 4
EPS in Rs 2.77 2.42 2.48 3.96 3.46 2.83 2.13 2.03 2.42 1.97 2.71 2.36 2.53
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 0%
5 Years: -1%
3 Years: 0%
TTM: -23%
Compounded Profit Growth
10 Years: 3%
5 Years: 3%
3 Years: -1%
TTM: -7%
Stock Price CAGR
10 Years: 29%
5 Years: 23%
3 Years: 26%
1 Year: 61%
Return on Equity
10 Years: 6%
5 Years: 5%
3 Years: 5%
Last Year: 5%

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 11 11 11 11 11 15 15 15 15 15 15 15
Reserves 19 21 24 28 32 35 44 47 52 55 60 64 66
58 63 63 69 82 89 84 69 54 65 65 50 49
57 66 88 75 86 60 77 70 79 61 71 63 75
Total Liabilities 145 161 186 183 210 195 220 201 199 195 211 192 205
15 14 15 12 30 26 26 25 22 19 17 16 17
CWIP 0 0 0 0 0 0 1 0 0 0 0 0 0
Investments 1 1 1 1 1 1 2 4 5 5 7 8 8
128 146 169 169 179 167 191 172 173 172 187 167 180
Total Assets 145 161 186 183 210 195 220 201 199 195 211 192 205

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
7 1 11 6 21 20 9 28 19 -5 7 21
-6 -1 -3 2 -21 -1 4 -5 -1 -1 -1 -2
-1 -1 -8 -8 1 -19 -14 -22 -20 6 -5 -20
Net Cash Flow 0 -0 0 0 0 -1 -0 1 -1 0 1 -1

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 94 88 121 106 103 105 117 99 122 154 140 103
Inventory Days 72 87 84 91 73 75 102 128 77 73 84 91
Days Payable 47 44 64 48 58 49 82 113 114 91 94 77
Cash Conversion Cycle 119 131 142 149 118 131 137 114 85 136 130 117
Working Capital Days 102 109 114 117 100 104 117 116 104 144 130 110
ROCE % 18% 15% 16% 14% 13% 10% 9% 9% 10% 8% 7% 7%

Shareholding Pattern

Numbers in percentages

4 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
73.42% 73.42% 73.61% 73.84% 73.84% 73.84% 73.84% 73.84% 73.84% 73.84% 73.84% 73.84%
0.08% 0.13% 0.13% 0.13% 0.13% 0.13% 0.13% 0.13% 0.13% 0.13% 0.13% 0.13%
26.49% 26.44% 26.26% 26.03% 26.03% 26.03% 26.03% 26.02% 26.03% 26.02% 26.02% 26.03%
No. of Shareholders 1,8781,8952,0912,1532,4092,4452,4982,4662,4282,3912,4102,495

* 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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