Advance Syntex Ltd

₹ 8.11 3.05%
May 19 - close price
About

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]

Key Points

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]

  • Market Cap 9.00 Cr.
  • Current Price 8.11
  • High / Low 15.1 / 7.87
  • Stock P/E
  • Book Value 13.1
  • Dividend Yield 0.00 %
  • ROCE 2.44 %
  • ROE -14.2 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.62 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -4.82% over past five years.
  • Company has a low return on equity of 1.03% for last 3 years.
  • Company has high debtors of 193.69 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.

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Quarterly Results

Figures in Rs. Crores

Sep 2018 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021
18.92 18.57 15.28 17.36 12.98 5.57 12.67 12.63 10.70 5.73 10.29 6.29
16.36 15.99 12.84 14.95 13.13 5.24 11.90 11.52 10.11 6.08 9.87 6.23
Operating Profit 2.56 2.58 2.44 2.41 -0.15 0.33 0.77 1.11 0.59 -0.35 0.42 0.06
OPM % 13.53% 13.89% 15.97% 13.88% -1.16% 5.92% 6.08% 8.79% 5.51% -6.11% 4.08% 0.95%
0.09 0.03 0.04 0.08 0.14 -0.01 -0.00 -0.00 0.05 0.05 -1.84 -0.00
Interest 1.41 1.45 1.36 1.52 -0.32 0.70 0.96 1.13 1.17 0.83 1.03 1.53
Depreciation 0.56 0.55 0.56 0.57 0.15 0.40 0.40 0.40 0.42 0.36 0.12 0.12
Profit before tax 0.68 0.61 0.56 0.40 0.16 -0.78 -0.59 -0.42 -0.95 -1.49 -2.57 -1.59
Tax % 30.88% 16.39% 30.36% 25.00% 62.50% 2.56% -1.69% 42.86% -31.58% 1.34% 19.07% 15.72%
Net Profit 0.48 0.51 0.39 0.30 0.05 -0.76 -0.60 -0.24 -1.26 -1.47 -2.09 -1.34
EPS in Rs 0.43 0.46 0.35 0.27 0.05 -0.68 -0.54 -0.22 -1.14 -1.32 -1.88 -1.21

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
6.85 16.60 23.13 29.63 36.15 47.22 53.21 66.63 74.37 78.74 64.18 41.57 33.01
6.92 15.25 20.86 26.83 32.90 42.20 45.88 59.46 64.64 67.91 56.91 38.77 32.29
Operating Profit -0.07 1.35 2.27 2.80 3.25 5.02 7.33 7.17 9.73 10.83 7.27 2.80 0.72
OPM % -1.02% 8.13% 9.81% 9.45% 8.99% 10.63% 13.78% 10.76% 13.08% 13.75% 11.33% 6.74% 2.18%
0.87 0.01 0.03 0.13 0.07 -1.66 0.06 0.11 0.07 0.24 0.29 0.04 -1.74
Interest 0.27 0.65 1.11 1.35 1.74 2.76 3.92 3.96 5.12 5.99 4.01 3.96 4.56
Depreciation 0.08 0.11 0.27 0.39 0.43 0.52 2.15 1.72 2.25 2.34 1.83 1.62 1.02
Profit before tax 0.45 0.60 0.92 1.19 1.15 0.08 1.32 1.60 2.43 2.74 1.72 -2.74 -6.60
Tax % 6.67% 21.67% 80.43% 29.41% 27.83% 50.00% 53.79% 33.12% 25.93% 27.01% 27.33% -4.01%
Net Profit 0.42 0.47 0.18 0.84 0.83 0.03 0.61 1.06 1.79 2.00 1.25 -2.86 -6.16
EPS in Rs 3.50 2.76 0.78 2.55 2.08 0.07 0.91 1.16 1.97 1.80 1.13 -2.58 -5.55
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: 10%
5 Years: -5%
3 Years: -18%
TTM: -25%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -191%
Stock Price CAGR
10 Years: %
5 Years: -17%
3 Years: -33%
1 Year: -43%
Return on Equity
10 Years: 7%
5 Years: 5%
3 Years: 1%
Last Year: -14%

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
1.00 1.49 2.02 2.88 3.49 3.88 5.81 9.10 9.10 11.10 11.10 11.10 11.10
Reserves 0.45 0.67 0.85 1.69 2.52 3.39 2.07 2.11 3.54 8.66 9.87 7.00 3.43
Borrowings 2.43 4.74 11.68 13.35 13.12 18.44 23.28 25.26 31.20 32.25 31.45 35.94 42.27
2.37 2.85 3.89 5.79 9.61 9.40 11.86 13.69 20.92 18.08 14.18 10.61 5.99
Total Liabilities 6.25 9.75 18.44 23.71 28.74 35.11 43.02 50.16 64.76 70.09 66.60 64.65 62.79
1.95 2.29 7.62 7.67 8.35 9.27 8.26 9.12 11.87 12.41 11.35 9.92 6.71
CWIP 0.28 -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 0.09 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 0.01 0.01
3.93 7.46 10.82 16.04 20.39 25.84 34.76 41.04 52.89 57.68 55.25 54.72 56.07
Total Assets 6.25 9.75 18.44 23.71 28.74 35.11 43.02 50.16 64.76 70.09 66.60 64.65 62.79

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
-0.00 -2.21 0.20 -0.50 2.83 0.90 0.15 2.51 4.38 2.04 5.27 -0.50
-0.00 -0.43 -5.58 -0.39 -1.06 -3.28 -0.92 -2.45 -4.87 -2.33 -0.49 -0.09
-0.00 2.72 5.44 0.90 -1.14 2.89 0.92 0.54 5.52 -4.73 -4.80 0.53
Net Cash Flow -0.00 0.08 0.06 -0.00 0.63 0.51 0.15 0.59 5.04 -5.03 -0.03 -0.06

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 110.83 43.54 54.92 50.63 83.60 99.17 108.11 101.34 118.97 134.29 138.65 193.69
Inventory Days 111.61 91.32 142.54 178.81 138.48 91.00 148.14 145.84 111.78 128.27 180.97 294.88
Days Payable 141.09 30.54 49.36 68.67 99.72 78.86 103.39 101.01 90.78 95.08 92.51 108.97
Cash Conversion Cycle 81.35 104.32 148.09 160.77 122.36 111.31 152.86 146.18 139.97 167.49 227.11 379.60
Working Capital Days 85.79 116.32 122.30 133.90 113.08 118.88 148.10 137.72 147.14 169.47 212.58 354.73
ROCE % 23.19% 18.93% 15.65% 15.60% 20.83% 19.03% 16.68% 19.00% 18.36% 11.13% 2.44%

Shareholding Pattern

Numbers in percentages

Mar 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
59.74 59.76 59.76 59.76 59.76 59.76 59.76 59.76 59.76 59.76 59.76 59.76
40.26 40.24 40.24 40.24 40.24 40.24 40.24 40.24 40.24 40.24 40.24 40.24

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