AYM Syntex Ltd

AYM Syntex Ltd

₹ 87.4 -2.89%
23 Feb 4:01 p.m.
About

AYM Syntex is a leading speciality synthetic yarns manufacturer with world class manufacturing technology for multipolymer yarns. It is the largest Indian manufacturer of Bulk Continuous Filament Yarns and a leading Multipolymer Yarn dyeing house in Asia. [1]

Key Points

Product Portfolio
The company manufactures a broad range of fibres. Its product portfolio includes Bulk Continuous Filament yarn (BCF), Industrial dyed yarn (IDY), Automotive yarn, textile yarn, packaged dyed yarn, and sewing yarn. [1]
Its yarns are used in a wide range of products for e.g. carpets, mats, rugs, fabrics, nets, ropes, threads, home textiles, hosiery, denim, etc. [2]

  • Market Cap 444 Cr.
  • Current Price 87.4
  • High / Low 93.0 / 52.5
  • Stock P/E 393
  • Book Value 80.0
  • Dividend Yield 0.00 %
  • ROCE 6.84 %
  • ROE 1.88 %
  • Face Value 10.0

Pros

  • Stock is trading at 1.10 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 11.4% over past five years.
  • Company has a low return on equity of 6.62% over last 3 years.

* 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 - Processing

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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
294.18 349.72 305.96 379.30 400.89 405.31 396.62 384.46 347.10 329.60 319.53 333.35 331.39
259.26 307.86 274.47 336.46 356.68 362.13 367.03 362.36 324.32 308.78 305.52 312.05 305.94
Operating Profit 34.92 41.86 31.49 42.84 44.21 43.18 29.59 22.10 22.78 20.82 14.01 21.30 25.45
OPM % 11.87% 11.97% 10.29% 11.29% 11.03% 10.65% 7.46% 5.75% 6.56% 6.32% 4.38% 6.39% 7.68%
0.44 1.54 1.80 0.38 0.06 2.11 2.20 1.89 1.98 1.80 -8.79 -4.05 -0.24
Interest 8.17 8.46 8.15 9.22 9.04 9.53 8.85 8.63 9.00 9.52 8.94 10.74 11.86
Depreciation 10.68 10.37 10.94 13.12 12.80 13.70 14.48 14.93 14.94 12.17 14.11 14.20 14.85
Profit before tax 16.51 24.57 14.20 20.88 22.43 22.06 8.46 0.43 0.82 0.93 -17.83 -7.69 -1.50
Tax % 34.71% 23.57% 34.93% 36.64% 35.93% 36.67% 35.22% 41.86% 34.15% 3.23% 35.73% 35.76% 38.67%
10.78 18.78 9.24 13.23 14.37 13.97 5.48 0.25 0.54 0.90 -11.46 -4.94 -0.92
EPS in Rs 2.15 3.75 1.85 2.64 2.87 2.79 1.09 0.05 0.11 0.18 -2.27 -0.98 -0.18
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
609 772 891 829 794 779 850 992 1,028 947 1,491 1,458 1,314
569 725 831 745 688 681 786 920 933 854 1,327 1,361 1,232
Operating Profit 40 47 60 84 106 98 64 72 95 94 164 96 82
OPM % 6% 6% 7% 10% 13% 13% 8% 7% 9% 10% 11% 7% 6%
2 2 3 3 3 3 5 6 -2 0 2 7 -11
Interest 17 19 24 24 22 23 28 34 38 34 36 36 41
Depreciation 13 15 19 20 24 30 33 38 45 43 51 57 55
Profit before tax 12 16 20 43 63 48 8 5 10 17 80 11 -26
Tax % -0% 0% 2% 0% 24% 16% 5% -7% -71% 19% 36% 33%
12 16 20 43 48 41 8 6 17 14 51 7 -16
EPS in Rs 4.89 4.08 5.02 10.89 12.17 10.33 1.75 1.29 3.48 2.82 10.13 1.42 -3.25
Dividend Payout % 0% 0% 30% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 7%
5 Years: 11%
3 Years: 12%
TTM: -14%
Compounded Profit Growth
10 Years: -7%
5 Years: 1%
3 Years: -29%
TTM: -94%
Stock Price CAGR
10 Years: 26%
5 Years: 22%
3 Years: 20%
1 Year: 44%
Return on Equity
10 Years: 10%
5 Years: 6%
3 Years: 7%
Last Year: 2%

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 24 39 39 39 39 39 46 46 50 50 50 50 51
Reserves 45 68 74 107 155 195 244 249 294 308 360 370 354
Preference Capital 10 0 0 0 0 0 0 0 0 0 0 0
116 197 210 198 204 236 256 311 261 226 290 276 318
118 101 118 94 141 119 133 199 211 252 227 224 255
Total Liabilities 303 405 441 438 539 590 679 805 815 836 927 920 978
105 135 209 205 282 329 348 449 440 419 459 448 449
CWIP 21 62 7 18 14 16 33 22 7 17 15 31 17
Investments 22 15 14 22 0 17 7 15 0 0 0 0 0
155 193 210 193 242 228 292 319 367 400 453 441 511
Total Assets 303 405 441 438 539 590 679 805 815 836 927 920 978

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
24 -14 46 91 120 59 25 88 79 100 50 118
-31 -75 -36 -43 -74 -87 -74 -112 -8 -22 -57 -74
19 78 -8 -44 -16 -1 47 20 -72 -73 4 -39
Net Cash Flow 11 -11 3 4 30 -29 -1 -4 -2 5 -3 5

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 17 19 19 14 24 29 37 38 40 39 27 26
Inventory Days 58 51 47 46 48 69 68 67 83 116 80 83
Days Payable 62 39 51 41 74 82 78 103 121 158 78 81
Cash Conversion Cycle 13 31 14 19 -2 16 27 2 3 -4 30 29
Working Capital Days -0 24 16 11 -4 9 24 11 24 31 45 43
ROCE % 16% 14% 14% 20% 23% 16% 7% 7% 9% 9% 18% 7%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
72.41% 72.41% 74.24% 74.24% 74.24% 74.15% 74.00% 74.00% 73.95% 73.86% 73.59% 73.59%
0.00% 0.01% 0.18% 0.17% 0.25% 0.26% 0.22% 0.11% 0.10% 0.09% 0.09% 0.09%
0.24% 0.24% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15%
27.35% 27.34% 25.43% 25.44% 25.36% 25.44% 25.63% 25.75% 25.82% 25.90% 26.18% 26.18%
No. of Shareholders 6,9707,0737,9658,05711,22111,73311,69312,32111,90511,21010,86410,928

* 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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Documents

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