Gujarat Hy-Spin Ltd

Gujarat Hy-Spin Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Gujarat Hy-Spin Ltd

₹ 10.4 -5.45%
22 Apr - close price
gujarathyspin.com BSE: 540938
About

Incorporated in 2011, Gujarat Hy-Spin Ltd manufactures cotton and other specialised yarns.[1]

Key Points

Business Overview:[1][2]
Company is in the business of yarn manufacturing and other cotton mixed fabrics. It provides special types of threads for the garment industry. GHSL has 2 group concerns viz. Gujarat Ginning & Oil Industry and Paras Cotton. The former is engaged in cotton ginning, pressing, and crushing of oil seeds while the latter carries out the trading of cotton seeds and cotton bales

Website BSE
  • Market Cap ₹ 17.4 Cr.
  • Current Price ₹ 10.4
  • High / Low ₹ 15.8 / 8.50
  • Stock P/E
  • Book Value ₹ 10.5
  • Dividend Yield 0.00 %
  • ROCE 2.15 %
  • ROE -2.82 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Stock is trading at 0.99 times its book value
  • Debtor days have improved from 79.0 to 42.5 days.
  • Company's working capital requirements have reduced from 120 days to 95.3 days

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 2.29% over past five years.
  • Company has a low return on equity of -0.24% over last 3 years.
  • Contingent liabilities of Rs.52.7 Cr.
  • Earnings include an other income of Rs.2.17 Cr.

* 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 - Cotton/Blended

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Half Yearly Results

Figures in Rs. Crores

Mar 2019 Sep 2019 Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023
35.13 22.23 25.20 19.62 30.15 34.51 34.95 26.91 33.88 48.34
32.31 19.17 25.35 17.83 30.01 32.66 34.31 27.17 32.66 49.50
Operating Profit 2.82 3.06 -0.15 1.79 0.14 1.85 0.64 -0.26 1.22 -1.16
OPM % 8.03% 13.77% -0.60% 9.12% 0.46% 5.36% 1.83% -0.97% 3.60% -2.40%
0.03 0.08 3.06 1.07 2.75 0.49 1.36 1.31 0.72 1.45
Interest 1.68 1.70 1.43 1.64 1.43 0.92 0.83 0.60 0.75 0.57
Depreciation 1.67 1.43 1.31 1.20 1.20 1.03 1.13 0.94 1.37 0.93
Profit before tax -0.50 0.01 0.17 0.02 0.26 0.39 0.04 -0.49 -0.18 -1.21
Tax % 40.00% -1,300.00% 47.06% 0.00% 65.38% 25.64% 75.00% 4.08% 61.11% 0.83%
-0.30 0.14 0.08 0.01 0.10 0.29 0.00 -0.47 -0.07 -1.19
EPS in Rs -0.18 0.08 0.05 0.01 0.06 0.17 0.00 -0.28 -0.04 -0.71
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
12.50 1.89 51.75 51.88 54.30 62.95 47.43 49.77 69.45 60.80 82.22
12.64 1.81 42.74 43.29 47.46 56.78 44.52 47.83 66.96 59.83 82.16
Operating Profit -0.14 0.08 9.01 8.59 6.84 6.17 2.91 1.94 2.49 0.97 0.06
OPM % -1.12% 4.23% 17.41% 16.56% 12.60% 9.80% 6.14% 3.90% 3.59% 1.60% 0.07%
0.00 0.00 0.14 0.17 0.12 0.10 3.14 3.82 1.85 2.02 2.17
Interest 0.00 0.00 2.61 3.15 2.62 2.88 3.13 3.07 1.75 1.35 1.32
Depreciation 0.00 0.00 6.49 5.56 4.06 3.34 2.74 2.40 2.16 2.31 2.30
Profit before tax -0.14 0.08 0.05 0.05 0.28 0.05 0.18 0.29 0.43 -0.67 -1.39
Tax % 7.14% -25.00% 40.00% 0.00% -42.86% -100.00% -27.78% 58.62% 32.56% 19.40%
-0.13 0.09 0.04 0.05 0.40 0.09 0.23 0.11 0.29 -0.54 -1.26
EPS in Rs -2.60 0.36 0.02 0.03 0.24 0.05 0.14 0.07 0.17 -0.32 -0.75
Dividend Payout % 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: 42%
5 Years: 2%
3 Years: 9%
TTM: 33%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -168%
Stock Price CAGR
10 Years: %
5 Years: 13%
3 Years: 13%
1 Year: -19%
Return on Equity
10 Years: %
5 Years: 0%
3 Years: 0%
Last Year: -3%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 0.50 2.50 16.75 16.75 16.75 16.75 16.75 16.75 16.75 16.75 16.75
Reserves -0.13 1.46 0.62 1.84 1.91 2.01 2.24 2.35 2.64 2.10 0.91
0.12 0.40 40.61 36.61 31.11 27.92 22.91 20.79 13.87 11.29 10.39
1.07 0.70 3.64 1.63 5.16 6.34 10.87 4.23 4.35 3.99 4.70
Total Liabilities 1.56 5.06 61.62 56.83 54.93 53.02 52.77 44.12 37.61 34.13 32.75
0.00 0.01 33.01 27.60 23.62 20.30 17.56 15.17 14.83 13.51 12.95
CWIP 0.01 2.98 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 0.00 0.00
1.55 2.07 28.61 29.23 31.31 32.72 35.21 28.95 22.78 20.62 19.80
Total Assets 1.56 5.06 61.62 56.83 54.93 53.02 52.77 44.12 37.61 34.13 32.75

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
6.50 7.47 4.81 8.34 5.29 10.11 4.52
0.07 0.04 1.30 0.01 0.01 -1.69 -0.99
-6.68 -7.53 -6.07 -7.95 -5.17 -8.69 -3.89
Net Cash Flow -0.10 -0.02 0.03 0.41 0.13 -0.28 -0.37

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 1.17 0.00 94.37 81.19 98.61 108.43 127.52 112.35 81.99 42.50
Inventory Days 26.03 0.00 111.36 148.93 115.46 93.72 142.65 102.43 33.20 76.24
Days Payable 28.37 18.95 13.41 27.15 33.89 25.50 24.11 24.08 17.47
Cash Conversion Cycle -1.17 0.00 186.78 216.72 186.92 168.26 244.67 190.67 91.11 101.27
Working Capital Days -3.80 -104.29 164.97 143.31 130.14 112.72 130.67 172.64 91.66 95.33
ROCE % 3.30% 5.65% 5.53% 6.08% 7.47% 8.22% 5.96% 2.15%

Shareholding Pattern

Numbers in percentages

Mar 2019Sep 2019Mar 2020Jun 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024
64.92% 64.92% 64.92% 64.92% 64.92% 64.92% 64.92% 64.92% 64.92% 64.92% 64.92% 64.92%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.66% 0.66% 0.66% 0.66%
35.08% 35.08% 35.08% 35.08% 35.08% 35.08% 35.08% 35.08% 34.42% 34.42% 34.41% 34.42%
No. of Shareholders 278256244238233209198188251205204189

* 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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