Advance Syntex Ltd
Advance Syntex Ltd is a company engaged in the business of manufacturing and trading of Metallic yarn, lacquer coated aluminium metalized polyester film, glitter powder and allied other products.[1]
- Market Cap ₹ 8.42 Cr.
- Current Price ₹ 7.59
- High / Low ₹ 9.65 / 4.23
- Stock P/E
- Book Value ₹ 10.6
- Dividend Yield 0.00 %
- ROCE -7.20 %
- ROE -26.8 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.71 times its book value
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -23.8% over past five years.
- Company has a low return on equity of -17.7% over last 3 years.
- Company might be capitalizing the interest cost
- Company has high debtors of 387 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 - Spinning - Synthetic / Blended
Quarterly Results
Figures in Rs. Crores
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
23.13 | 29.63 | 36.15 | 47.22 | 53.21 | 66.63 | 74.37 | 78.74 | 64.18 | 41.57 | 29.12 | 19.16 | 2.51 | |
20.86 | 26.83 | 32.90 | 42.20 | 45.88 | 59.46 | 64.64 | 67.91 | 56.91 | 38.77 | 28.80 | 22.08 | 3.98 | |
Operating Profit | 2.27 | 2.80 | 3.25 | 5.02 | 7.33 | 7.17 | 9.73 | 10.83 | 7.27 | 2.80 | 0.32 | -2.92 | -1.47 |
OPM % | 9.81% | 9.45% | 8.99% | 10.63% | 13.78% | 10.76% | 13.08% | 13.75% | 11.33% | 6.74% | 1.10% | -15.24% | -58.57% |
0.03 | 0.13 | 0.07 | -1.66 | 0.06 | 0.11 | 0.07 | 0.24 | 0.29 | 0.04 | -1.79 | 1.79 | 1.66 | |
Interest | 1.11 | 1.35 | 1.74 | 2.76 | 3.92 | 3.96 | 5.12 | 5.99 | 4.01 | 3.96 | 2.78 | 0.35 | 0.11 |
Depreciation | 0.27 | 0.39 | 0.43 | 0.52 | 2.15 | 1.72 | 2.25 | 2.34 | 1.83 | 1.62 | 0.97 | 0.82 | 0.54 |
Profit before tax | 0.92 | 1.19 | 1.15 | 0.08 | 1.32 | 1.60 | 2.43 | 2.74 | 1.72 | -2.74 | -5.22 | -2.30 | -0.46 |
Tax % | 80.43% | 29.41% | 27.83% | 50.00% | 53.79% | 33.12% | 25.93% | 27.01% | 27.33% | -4.01% | 20.31% | 25.22% | |
0.18 | 0.84 | 0.83 | 0.03 | 0.61 | 1.06 | 1.79 | 2.00 | 1.25 | -2.86 | -4.17 | -1.72 | -0.62 | |
EPS in Rs | 0.78 | 2.55 | 2.08 | 0.07 | 0.91 | 1.16 | 1.97 | 1.80 | 1.13 | -2.58 | -3.76 | -1.55 | -0.57 |
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: | -4% |
5 Years: | -24% |
3 Years: | -33% |
TTM: | -90% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | -10% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | -20% |
3 Years: | -9% |
1 Year: | -7% |
Return on Equity | |
---|---|
10 Years: | 0% |
5 Years: | -6% |
3 Years: | -18% |
Last Year: | -27% |
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 | 2.02 | 2.88 | 3.49 | 3.88 | 5.81 | 9.10 | 9.10 | 11.10 | 11.10 | 11.10 | 11.10 | 11.10 | 11.10 |
Reserves | 1.17 | 1.69 | 2.86 | 3.39 | 2.07 | 2.11 | 8.53 | 8.66 | 9.87 | 6.99 | 2.84 | 1.13 | 0.68 |
11.68 | 13.35 | 13.12 | 18.44 | 23.28 | 25.26 | 31.20 | 32.25 | 31.45 | 35.94 | 42.28 | 35.21 | 34.64 | |
3.57 | 5.79 | 9.27 | 9.40 | 11.86 | 13.69 | 15.93 | 18.08 | 14.18 | 12.28 | 4.84 | 2.72 | 0.87 | |
Total Liabilities | 18.44 | 23.71 | 28.74 | 35.11 | 43.02 | 50.16 | 64.76 | 70.09 | 66.60 | 66.31 | 61.06 | 50.16 | 47.29 |
7.62 | 7.67 | 8.35 | 9.27 | 8.26 | 9.12 | 11.87 | 12.41 | 11.35 | 9.92 | 6.29 | 3.22 | 3.00 | |
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 | 0.01 | -0.00 | -0.00 | -0.00 |
10.82 | 16.04 | 20.39 | 25.84 | 34.76 | 41.04 | 52.89 | 57.68 | 55.25 | 56.38 | 54.77 | 46.94 | 44.29 | |
Total Assets | 18.44 | 23.71 | 28.74 | 35.11 | 43.02 | 50.16 | 64.76 | 70.09 | 66.60 | 66.31 | 61.06 | 50.16 | 47.29 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
0.20 | -0.50 | 2.83 | 0.90 | 0.15 | 2.51 | 4.38 | 2.04 | 5.27 | -0.50 | -5.25 | 2.30 | |
-5.58 | -0.39 | -1.06 | -3.28 | -0.92 | -2.45 | -4.87 | -2.33 | -0.49 | -0.09 | 0.88 | 3.04 | |
5.44 | 0.90 | -1.14 | 2.89 | 0.92 | 0.54 | 5.52 | -4.73 | -4.80 | 0.53 | 3.55 | -6.40 | |
Net Cash Flow | 0.06 | -0.00 | 0.63 | 0.51 | 0.15 | 0.59 | 5.04 | -5.03 | -0.03 | -0.06 | -0.82 | -1.06 |
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 | 54.92 | 50.63 | 83.60 | 99.17 | 108.11 | 101.34 | 118.97 | 134.29 | 138.65 | 208.27 | 282.65 | 386.72 |
Inventory Days | 142.54 | 178.81 | 138.48 | 91.00 | 148.14 | 145.84 | 111.78 | 128.27 | 180.97 | 294.88 | 397.41 | 473.30 |
Days Payable | 49.36 | 68.67 | 99.72 | 78.86 | 103.39 | 101.01 | 90.78 | 95.08 | 92.51 | 108.97 | 64.22 | 40.71 |
Cash Conversion Cycle | 148.09 | 160.77 | 122.36 | 111.31 | 152.86 | 146.18 | 139.97 | 167.49 | 227.11 | 394.17 | 615.83 | 819.30 |
Working Capital Days | 122.30 | 133.90 | 113.08 | 118.88 | 148.10 | 137.77 | 147.19 | 169.43 | 212.58 | 354.81 | 577.33 | 783.53 |
ROCE % | 18.17% | 15.49% | 15.46% | 20.67% | 19.03% | 16.68% | 17.89% | 17.45% | 11.13% | 2.44% | -1.07% | -7.20% |
Documents
Announcements
- Submission Of Compliance Certificate Under Reg 40(9) 20 Apr
- Updated Compliance Certificate For The Year Ended March 2024 Under Regulation 7 (3) 15 Apr
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 13 Apr
- Compliances- Compliance Certificate For The Period Ended March 2024 13 Apr
- Closure of Trading Window 30 Mar
Product Offerings
The company's product portfolio includes glitter powder, metallizing of films, coating of films (lacquer coated polyester films (LMPF), Glitter glue, export resins and other products.
It also started manufacturing biodegradable glitter powder in FY21 and is the first Indian company to manufacture the product.[1]