Advance Syntex Ltd

Advance Syntex Ltd

₹ 7.48 1.49%
24 Apr 2:43 p.m.
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 8.31 Cr.
  • Current Price 7.48
  • 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.

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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
12.63 10.70 5.73 10.29 6.29 6.82 3.88 7.06 6.39 1.82 0.29 0.25 0.15
11.52 10.11 6.08 9.87 6.23 6.63 4.25 8.18 7.40 2.23 0.61 0.64 0.50
Operating Profit 1.11 0.59 -0.35 0.42 0.06 0.19 -0.37 -1.12 -1.01 -0.41 -0.32 -0.39 -0.35
OPM % 8.79% 5.51% -6.11% 4.08% 0.95% 2.79% -9.54% -15.86% -15.81% -22.53% -110.34% -156.00% -233.33%
0.00 0.05 0.05 -1.84 0.00 0.01 0.00 0.52 0.12 1.15 0.28 0.22 0.01
Interest 1.13 1.17 0.83 1.03 1.53 -0.61 0.21 0.07 0.01 0.06 0.00 0.05 0.00
Depreciation 0.40 0.42 0.36 0.12 0.12 0.36 0.21 0.20 0.20 0.21 0.11 0.11 0.11
Profit before tax -0.42 -0.95 -1.49 -2.57 -1.59 0.45 -0.79 -0.87 -1.10 0.47 -0.15 -0.33 -0.45
Tax % 42.86% -31.58% 1.34% 19.07% 15.72% -64.44% 31.65% 40.23% 16.36% 42.55% 13.33% 0.00% 0.00%
-0.24 -1.26 -1.47 -2.09 -1.34 0.74 -0.53 -0.53 -0.92 0.27 -0.13 -0.32 -0.44
EPS in Rs -0.22 -1.14 -1.32 -1.88 -1.21 0.67 -0.48 -0.48 -0.83 0.24 -0.12 -0.29 -0.40
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
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: -24%
3 Years: -7%
1 Year: 2%
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%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
59.76% 59.76% 59.76% 59.76% 59.76% 59.76% 59.76% 59.76% 59.76% 59.76% 59.76% 59.76%
40.24% 40.24% 40.24% 40.24% 40.24% 40.24% 40.24% 40.23% 40.23% 40.23% 40.24% 40.23%
No. of Shareholders 3773774515866457358188669059519711,174

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