AB Cotspin India Ltd
₹ 43.6
0.69%
24 Mar
- close price
About
Incorporated in 1997, A B Cotspin Ltd is in the business of manufacturing and trading of Yarns and other allied products
Key Points
- Market Cap ₹ 44.8 Cr.
- Current Price ₹ 43.6
- High / Low ₹ 52.0 / 34.2
- Stock P/E 6.59
- Book Value ₹ 37.7
- Dividend Yield 0.00 %
- ROCE 17.6 %
- ROE 22.4 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.15 times its book value
- Company has delivered good profit growth of 57.6% CAGR over last 5 years
- Debtor days have improved from 26.2 to 20.9 days.
- Company's working capital requirements have reduced from 80.8 days to 47.6 days
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 5.45% over past five years.
- Promoter holding is low: 34.9%
- Contingent liabilities of Rs.26.9 Cr.
- Company might be capitalizing the interest cost
* 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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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|---|---|---|
| 108 | 121 | 121 | 94 | 115 | 141 | |
| 99 | 113 | 113 | 88 | 105 | 126 | |
| Operating Profit | 9 | 8 | 8 | 6 | 10 | 14 |
| OPM % | 9% | 7% | 6% | 6% | 9% | 10% |
| 0 | 0 | -0 | 0 | 0 | 0 | |
| Interest | 5 | 3 | 3 | 2 | 2 | 2 |
| Depreciation | 4 | 4 | 3 | 3 | 3 | 3 |
| Profit before tax | 1 | 1 | 2 | 1 | 5 | 9 |
| Tax % | 14% | 11% | 34% | 28% | 29% | 25% |
| Net Profit | 1 | 1 | 1 | 1 | 4 | 7 |
| EPS in Rs | 2.83 | 4.62 | 4.74 | 3.44 | 15.71 | 6.64 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 5% |
| 3 Years: | 5% |
| TTM: | 22% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 58% |
| 3 Years: | 75% |
| TTM: | 75% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -9% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 14% |
| 3 Years: | 17% |
| Last Year: | 22% |
Balance Sheet
Figures in Rs. Crores
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|---|---|---|
| 3 | 3 | 3 | 3 | 3 | 10 | |
| Reserves | 13 | 13 | 15 | 15 | 19 | 28 |
| 28 | 42 | 34 | 29 | 36 | 31 | |
| 7 | 8 | 4 | 6 | 6 | 13 | |
| Total Liabilities | 51 | 66 | 55 | 53 | 64 | 83 |
| 30 | 27 | 24 | 22 | 25 | 23 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 19 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 21 | 39 | 31 | 31 | 39 | 41 | |
| Total Assets | 51 | 66 | 55 | 53 | 64 | 83 |
Cash Flows
Figures in Rs. Crores
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|---|---|---|
| 6 | 10 | 7 | -0 | 14 | ||
| -0 | -0 | -1 | -5 | -15 | ||
| -6 | -11 | -7 | 5 | 2 | ||
| Net Cash Flow | 0 | -1 | -1 | 0 | 1 |
Ratios
Figures in Rs. Crores
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|---|---|---|
| Debtor Days | 23 | 22 | 28 | 35 | 23 | 21 |
| Inventory Days | 52 | 106 | 74 | 97 | 119 | 64 |
| Days Payable | 8 | 17 | 3 | 16 | 3 | 8 |
| Cash Conversion Cycle | 67 | 111 | 99 | 116 | 140 | 77 |
| Working Capital Days | 46 | 76 | 68 | 89 | 106 | 48 |
| ROCE % | 9% | 9% | 6% | 14% | 18% |
Business Overview:[1][2]
Company produces 100% cotton yarns & fabrics, through 18000 spindles, both combed and karded and sells to textile units in Punjab and Haryana. Company's requirement of yarn of knitted fabric manufacturing unit is met in house. Company also does extraction of oil and production of cakes from cotton seeds (by product of the ginning process). Yarn is further manufactured in various types including 100% cotton yarn of counts 20-30s, double yarn of counts 20-30s, slub yarn, etc. Company also produces various types of knitted fabric which includes combed, carded, slub fabric. It is a certified producer of bci yarns from and is planning to convert entire unit of spinning and knitting on to BCI yarns & fabrics production in near future.