Eastern Silk Industries Ltd

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Eastern Silk Industries Ltd

₹ 1.80 -5.26%
06 Mar 2024
easternsilk.com BSE: 590022
About

Incorporated in 1946, Eastern Silks Ltd manufactures silk fabrics and other related textile products[1]

Key Points

Business Overview:[1]
Company manufactures textile and allied products from yarns to premium fashionable fabrics

Website BSE
  • Market Cap ₹ 14.2 Cr.
  • Current Price ₹ 1.80
  • High / Low ₹ 3.45 / 1.75
  • Stock P/E
  • Book Value ₹ -6.37
  • Dividend Yield 0.00 %
  • ROCE -11.9 %
  • ROE %
  • Face Value ₹ 2.00
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Pros

  • Company's working capital requirements have reduced from 77.2 days to 14.7 days

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -5.89% over past five years.
  • Contingent liabilities of Rs.8.28 Cr.
  • Promoters have pledged 100% of their holding.
  • Debtor days have increased from 121 to 146 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.

Peer comparison

Sector: Textiles Industry: Textiles - Silk

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
33.99 27.82 24.32 18.73 11.53 18.56 20.66 7.30 5.43 4.62 4.66 5.65 5.38
28.43 29.65 23.08 18.02 14.31 20.92 20.44 9.72 8.91 10.74 8.37 8.56 8.32
Operating Profit 5.56 -1.83 1.24 0.71 -2.78 -2.36 0.22 -2.42 -3.48 -6.12 -3.71 -2.91 -2.94
OPM % 16.36% -6.58% 5.10% 3.79% -24.11% -12.72% 1.06% -33.15% -64.09% -132.47% -79.61% -51.50% -54.65%
0.42 0.38 0.24 0.35 0.45 0.41 0.26 0.29 0.31 0.59 0.41 0.40 0.42
Interest 0.00 1.12 0.00 0.00 0.00 1.12 0.00 0.00 0.00 1.12 0.00 0.00 0.00
Depreciation 1.12 1.25 0.99 0.99 0.99 1.04 0.87 0.67 0.72 0.70 0.57 0.67 0.86
Profit before tax 4.86 -3.82 0.49 0.07 -3.32 -4.11 -0.39 -2.80 -3.89 -7.35 -3.87 -3.18 -3.38
Tax % 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%
4.86 -3.82 0.49 0.07 -3.32 -4.10 -0.40 -2.80 -3.89 -7.35 -3.87 -3.18 -3.38
EPS in Rs 0.62 -0.48 0.06 0.01 -0.42 -0.52 -0.05 -0.35 -0.49 -0.93 -0.49 -0.40 -0.43
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
94 76 80 61 70 63 51 65 103 91 73 38 20
82 147 174 86 142 128 80 67 100 85 76 50 36
Operating Profit 12 -71 -95 -25 -71 -64 -29 -2 3 6 -3 -12 -16
OPM % 13% -93% -119% -41% -101% -101% -56% -3% 3% 6% -4% -31% -77%
-65 18 22 10 64 120 60 1 5 1 1 1 2
Interest 43 47 49 2 0 1 1 1 1 1 1 1 1
Depreciation 21 18 16 20 14 11 9 7 6 5 4 3 3
Profit before tax -117 -117 -136 -37 -22 44 21 -10 1 1 -7 -14 -18
Tax % 22% 19% 0% 0% 0% 0% 0% -0% 0% 0% 0% 0%
-92 -95 -136 -37 -22 44 21 -10 1 1 -7 -14 -18
EPS in Rs -11.60 -12.08 -17.28 -4.67 -2.76 5.58 2.66 -1.22 0.13 0.13 -0.87 -1.83 -2.25
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -7%
5 Years: -6%
3 Years: -28%
TTM: -61%
Compounded Profit Growth
10 Years: 6%
5 Years: 10%
3 Years: %
TTM: -59%
Stock Price CAGR
10 Years: 2%
5 Years: -2%
3 Years: -13%
1 Year: -14%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 16 16 16 16 16 16 16 16 16 16 16 16 16
Reserves 223 99 -38 -85 -107 -51 -30 -40 -39 -38 -45 -59 -66
Preference Capital 14 14 14 14 14 0 14 14 14 14 14 14
444 472 479 460 385 225 139 135 136 135 136 132 146
23 32 49 47 52 57 87 90 60 60 58 64 49
Total Liabilities 704 619 506 438 345 246 211 202 173 173 165 152 144
189 132 117 91 77 69 60 55 50 46 43 40 39
CWIP 2 4 4 0 1 0 0 0 0 0 0 0 0
Investments 0 3 0 0 0 0 0 0 0 0 0 0 0
514 480 385 347 267 177 151 146 122 127 121 112 105
Total Assets 704 619 506 438 345 246 211 202 173 173 165 152 144

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-186 5 45 25 89 145 70 5 3 2 1 3
-1 -4 4 1 -2 -1 -0 -2 -1 -1 -1 -0
183 -12 -34 -19 -83 -156 -72 -3 -2 -1 0 -4
Net Cash Flow -3 -11 14 7 4 -12 -3 0 -0 0 0 -1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 1,082 1,498 1,007 1,097 589 265 179 179 78 100 118 146
Inventory Days 1,194 357 573 844 543 780 1,076 508 259 260 280 417
Days Payable 19 31 19 49 47 70 110 59 37 46 35 25
Cash Conversion Cycle 2,257 1,823 1,562 1,892 1,086 974 1,145 629 299 314 363 538
Working Capital Days 1,766 1,937 1,267 1,393 714 334 165 86 82 106 111 15
ROCE % 5% -11% -16% -4% -22% -30% -22% -6% 2% 2% -4% -12%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
51.28% 51.28% 51.28% 51.28% 51.28% 51.28% 51.28% 51.28% 51.28% 51.28% 51.28% 51.28%
1.92% 1.92% 1.92% 1.92% 1.92% 1.92% 1.92% 1.92% 1.92% 1.92% 1.92% 1.92%
46.80% 46.80% 46.80% 46.80% 46.80% 46.80% 46.80% 46.80% 46.80% 46.81% 46.81% 46.79%
No. of Shareholders 19,17319,84422,80826,39226,73326,78226,52826,23826,11225,47725,06926,272

* 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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