Shine Fashions (India) Ltd
Incorporated in 2019, Shine Fashions Ltd is in the business of import and trading of various types of fabrics and textile raw materials[1]
- Market Cap ₹ 50.4 Cr.
- Current Price ₹ 180
- High / Low ₹ 246 / 41.0
- Stock P/E 22.3
- Book Value ₹ 27.4
- Dividend Yield 0.00 %
- ROCE 16.2 %
- ROE 13.6 %
- Face Value ₹ 5.00
Pros
- Company's working capital requirements have reduced from 203 days to 141 days
Cons
- Stock is trading at 6.57 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 9.30% over last 3 years.
- Company has high debtors of 189 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.
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
|---|---|---|---|---|---|
| 7.91 | 6.88 | 12.08 | 19.94 | 31.05 | |
| 7.49 | 6.64 | 11.59 | 18.93 | 27.89 | |
| Operating Profit | 0.42 | 0.24 | 0.49 | 1.01 | 3.16 |
| OPM % | 5.31% | 3.49% | 4.06% | 5.07% | 10.18% |
| 0.05 | 0.05 | 0.12 | 0.13 | 0.04 | |
| Interest | 0.00 | 0.02 | 0.07 | 0.07 | 0.17 |
| Depreciation | 0.00 | 0.01 | 0.01 | 0.01 | 0.00 |
| Profit before tax | 0.47 | 0.26 | 0.53 | 1.06 | 3.03 |
| Tax % | 25.53% | 11.54% | 26.42% | 25.47% | |
| 0.34 | 0.23 | 0.39 | 0.79 | 2.26 | |
| EPS in Rs | 1.70 | 0.82 | 1.39 | 2.82 | 8.08 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 36% |
| TTM: | 113% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 32% |
| TTM: | 11400% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 71% |
| 1 Year: | 340% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 9% |
| Last Year: | 14% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
|---|---|---|---|---|---|
| Equity Capital | 1.00 | 1.40 | 1.40 | 1.40 | 1.40 |
| Reserves | 2.33 | 3.60 | 4.00 | 4.79 | 6.28 |
| 0.00 | 0.71 | 0.54 | 1.86 | 1.40 | |
| 0.92 | 0.41 | 1.07 | 3.86 | 8.80 | |
| Total Liabilities | 4.25 | 6.12 | 7.01 | 11.91 | 17.88 |
| 0.04 | 0.04 | 0.03 | 0.02 | 0.03 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 |
| 4.21 | 6.08 | 6.97 | 11.88 | 17.84 | |
| Total Assets | 4.25 | 6.12 | 7.01 | 11.91 | 17.88 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|
| 0.01 | -2.24 | 0.41 | -1.17 | |
| 0.03 | 0.00 | -0.18 | -0.01 | |
| 0.01 | 2.24 | -0.23 | 1.24 | |
| Net Cash Flow | 0.04 | 0.00 | 0.00 | 0.07 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|
| Debtor Days | 154.58 | 279.06 | 176.46 | 188.54 |
| Inventory Days | 20.50 | 21.57 | 12.57 | 18.80 |
| Days Payable | 31.50 | 15.16 | 27.47 | 76.50 |
| Cash Conversion Cycle | 143.58 | 285.47 | 161.57 | 130.84 |
| Working Capital Days | 150.43 | 297.62 | 171.02 | 141.31 |
| ROCE % | 6.19% | 10.30% | 16.15% |
Documents
Announcements
-
Declaration As Regards To Not Being A 'Large Corporate'
15 Apr - With reference to the SEBI Circular (Ref. No. SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated 19.10.2023) we hereby confirm that the company M/s Shine Fashions (India) Limited is Not a …
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 15 Apr
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
13 Apr - Certificate received from RTA of the company under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the year ended 31.03.2024.
- Compliance Certificate Under Regulation 7(3) Of The Provisions Of SEBI (LODR) Regulations, 2015 For The Year Ended 31.03.2024 13 Apr
- Certificate Under Regulation 40(9) Of The Provisions Of SEBI (LODR) Regulations, 2015, For The Year Ended March 31, 2024. 11 Apr
Business Overview:[1][2]
Company does importing, supplying and trading of non-interlinking fabrics, woven fusible interlinings, microdot fusible interlinings. Company took over the business of proprietorship firm AM Fabrics on 30th September, 2019