Banswara Syntex Ltd

Banswara Syntex Ltd

₹ 150 0.57%
24 Apr - close price
About

Incorporated in 1976, Banswara Syntex Ltd
is engaged in production of textile products, and captive power generation[1]

Key Points

Business Overview:[1]
BSL is a vertically integrated textile
company, specializing in the production
of yarn, fabric, and readymade garments

  • Market Cap 513 Cr.
  • Current Price 150
  • High / Low 189 / 132
  • Stock P/E 9.37
  • Book Value 151
  • Dividend Yield 2.00 %
  • ROCE 22.0 %
  • ROE 24.1 %
  • Face Value 5.00

Pros

  • Stock is trading at 0.99 times its book value
  • Company has delivered good profit growth of 71.8% CAGR over last 5 years

Cons

  • The company has delivered a poor sales growth of 3.01% over past five years.
  • Promoter holding has decreased over last 3 years: -4.50%

* 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.

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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
225.55 254.15 212.24 306.96 303.19 367.38 355.48 406.48 367.85 368.97 302.67 315.90 302.28
195.49 223.26 194.24 277.43 274.48 324.62 311.66 356.55 314.16 318.28 275.85 288.09 276.30
Operating Profit 30.06 30.89 18.00 29.53 28.71 42.76 43.82 49.93 53.69 50.69 26.82 27.81 25.98
OPM % 13.33% 12.15% 8.48% 9.62% 9.47% 11.64% 12.33% 12.28% 14.60% 13.74% 8.86% 8.80% 8.59%
2.71 8.77 1.42 6.78 5.80 5.67 3.02 1.52 4.91 5.14 3.41 2.23 3.56
Interest 7.69 6.80 5.96 5.88 6.40 6.55 7.58 7.80 8.67 7.70 6.74 7.61 7.36
Depreciation 11.36 10.86 10.88 10.78 10.30 9.90 9.86 10.45 10.23 10.23 10.54 10.71 10.83
Profit before tax 13.72 22.00 2.58 19.65 17.81 31.98 29.40 33.20 39.70 37.90 12.95 11.72 11.35
Tax % 19.61% 23.64% -27.91% 40.25% 31.27% 39.21% 35.27% -5.81% 25.84% 26.62% 25.71% 25.34% 24.67%
11.03 16.80 3.30 11.74 12.24 19.45 19.02 35.13 29.44 27.82 9.62 8.76 8.55
EPS in Rs 3.23 4.91 0.96 3.43 3.58 5.69 5.56 10.26 8.60 8.13 2.81 2.56 2.50
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
924 1,094 1,209 1,223 1,262 1,240 1,292 1,351 1,290 787 1,190 1,499 1,290
792 946 1,031 1,085 1,101 1,107 1,181 1,231 1,145 711 1,071 1,301 1,159
Operating Profit 132 148 178 138 161 134 111 120 144 76 119 198 131
OPM % 14% 13% 15% 11% 13% 11% 9% 9% 11% 10% 10% 13% 10%
4 8 4 17 11 12 17 11 13 20 20 15 14
Interest 75 82 81 81 70 63 59 56 49 33 25 32 29
Depreciation 43 52 52 59 58 58 58 55 51 46 42 41 42
Profit before tax 17 21 48 14 44 25 11 20 58 16 72 140 74
Tax % 14% 43% 45% 44% 38% 25% 27% -24% 7% 15% 35% 21%
15 12 27 8 27 19 8 24 53 14 47 111 55
EPS in Rs 5.04 4.09 8.56 2.44 8.02 5.55 2.32 7.06 15.61 4.07 13.67 32.55 16.00
Dividend Payout % 15% 18% 17% 20% 12% 9% 22% 7% 5% 18% 9% 9%
Compounded Sales Growth
10 Years: 3%
5 Years: 3%
3 Years: 5%
TTM: -14%
Compounded Profit Growth
10 Years: 25%
5 Years: 72%
3 Years: 27%
TTM: -47%
Stock Price CAGR
10 Years: 19%
5 Years: 35%
3 Years: 46%
1 Year: -8%
Return on Equity
10 Years: 11%
5 Years: 14%
3 Years: 14%
Last Year: 24%

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 15 15 16 16 17 17 17 17 17 17 17 17 17
Reserves 159 172 196 207 232 245 252 277 325 340 383 492 501
Preference Capital 2 2 2 0 0 0 0 0 0 0 0 0
685 678 696 632 562 561 538 474 321 227 262 373 323
156 203 198 221 230 237 265 218 190 162 222 186 196
Total Liabilities 1,015 1,068 1,106 1,076 1,041 1,060 1,073 986 853 746 884 1,068 1,038
488 515 514 501 473 486 460 418 374 338 314 370 383
CWIP 26 8 9 10 8 6 5 0 1 1 29 22 42
Investments 7 9 14 18 19 4 4 4 4 3 5 6 8
494 536 569 547 541 564 604 565 474 405 536 671 605
Total Assets 1,015 1,068 1,106 1,076 1,041 1,060 1,073 986 853 746 884 1,068 1,038

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
63 151 134 179 174 140 106 137 205 132 54 20
-90 -55 -58 -48 -28 -61 -25 -10 -4 -3 -48 -100
32 -92 -61 -148 -140 -82 -85 -123 -206 -126 5 75
Net Cash Flow 5 4 16 -17 6 -2 -4 4 -5 4 11 -4

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 53 51 47 41 47 47 52 44 40 53 39 52
Inventory Days 235 197 192 195 173 204 181 169 155 207 213 195
Days Payable 80 87 67 82 76 90 101 78 68 107 82 55
Cash Conversion Cycle 207 162 172 154 144 160 132 135 127 154 170 192
Working Capital Days 115 98 96 86 77 83 88 83 66 88 89 104
ROCE % 12% 12% 15% 11% 14% 11% 8% 10% 15% 7% 15% 22%

Shareholding Pattern

Numbers in percentages

5 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
58.81% 58.79% 58.76% 58.73% 58.73% 57.82% 56.30% 56.25% 56.25% 56.11% 54.37% 54.37%
0.00% 0.00% 0.00% 0.00% 0.00% 11.18% 11.40% 11.44% 0.00% 8.40% 8.93% 8.90%
4.30% 7.38% 11.30% 11.38% 11.37% 0.19% 0.19% 0.00% 9.72% 0.00% 0.00% 0.00%
36.89% 33.83% 29.94% 29.89% 29.90% 30.80% 32.12% 32.31% 34.03% 35.50% 36.70% 36.74%
No. of Shareholders 8,1308,3108,9799,99110,59012,85712,50511,74713,05714,76615,34215,147

* 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.

Click on the line-items to see the names of individual entities.

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