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 ₹ 97.8 Cr.
- Current Price ₹ 335
- High / Low ₹ 428 / 0.00
- Stock P/E 17.5
- Book Value ₹ 58.3
- Dividend Yield 0.00 %
- ROCE 54.0 %
- ROE 47.5 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 26.9%
- Debtor days have improved from 157 to 118 days.
- Company's working capital requirements have reduced from 127 days to 74.1 days
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|
6.88 | 12.75 | 21.07 | 54.13 | 68.10 | |
6.64 | 12.24 | 19.80 | 48.85 | 60.51 | |
Operating Profit | 0.24 | 0.51 | 1.27 | 5.28 | 7.59 |
OPM % | 3.49% | 4.00% | 6.03% | 9.75% | 11.15% |
0.05 | 0.12 | 0.13 | 0.06 | 0.06 | |
Interest | 0.02 | 0.07 | 0.07 | 0.05 | 0.02 |
Depreciation | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 |
Profit before tax | 0.26 | 0.55 | 1.31 | 5.27 | 7.61 |
Tax % | 11.54% | 25.45% | 25.19% | 25.24% | |
0.23 | 0.41 | 0.97 | 3.94 | 5.68 | |
EPS in Rs | 0.82 | 1.43 | 3.15 | 13.97 | 20.01 |
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 99% |
TTM: | 109% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 157% |
TTM: | 137% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 64% |
1 Year: | 182% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 27% |
Last Year: | 47% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|
Equity Capital | 1.40 | 1.40 | 1.40 | 1.40 | 1.40 |
Reserves | 3.60 | 4.00 | 4.88 | 8.79 | 14.90 |
0.71 | 0.71 | 2.03 | 0.98 | 0.42 | |
0.41 | 1.29 | 4.16 | 14.40 | 29.01 | |
Total Liabilities | 6.12 | 7.40 | 12.47 | 25.57 | 45.73 |
0.04 | 0.19 | 0.18 | 0.20 | 0.20 | |
CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
6.08 | 7.21 | 12.29 | 25.37 | 45.53 | |
Total Assets | 6.12 | 7.40 | 12.47 | 25.57 | 45.73 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|
-2.24 | 0.27 | -1.19 | 1.08 | |
0.00 | -0.17 | -0.02 | -0.03 | |
2.24 | -0.06 | 1.24 | -1.08 | |
Net Cash Flow | 0.00 | 0.05 | 0.04 | -0.03 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|
Debtor Days | 279.06 | 172.62 | 178.78 | 118.41 |
Inventory Days | 21.57 | 13.30 | 25.08 | 53.32 |
Days Payable | 15.16 | 32.29 | 73.24 | 100.19 |
Cash Conversion Cycle | 285.47 | 153.63 | 130.62 | 71.54 |
Working Capital Days | 297.62 | 166.33 | 139.97 | 74.11 |
ROCE % | 10.48% | 19.00% | 53.98% |
Documents
Announcements
-
Statement Of Deviation And Variation
14 Nov - No deviation in fund utilization from preferential issue.
-
Announcement under Regulation 30 (LODR)-Conversion of Securities
14 Nov - Allotment of 1,20,000 equity shares upon conversion of warrants.
-
Non-Applicability Of Provisions Related To Disclosure Of Related Party Transactions On Company Under Regulation 23(9) Of SEBI (LODR) Regulations, 2015 For The Half Year Ended September 30Th, 2024.
14 Nov - Non-applicability of related party transaction disclosures.
- The Standalone & Consolidated Financial Results For The Half Year Ended September 30Th, 2024, Along With Auditor'S Limited Review Report Thereon. 14 Nov
-
Announcement under Regulation 30 (LODR)-Allotment
14 Nov - Allotment of 1,20,000 equity shares upon warrant conversion.
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