Banswara Syntex Ltd

Banswara Syntex Ltd

₹ 117 4.24%
29 Mar - close price
About

Banswara Syntex Limited is engaged in the business of manufacturing synthetic blended yarn, wool and wool mixed yarn, fabrics and readymade garments. [1]

Key Points

Product Portfolio
The product portfolio of the company includes synthetic blended yarn, wool, and wool-mixed yarn; all types of fabric, including jacquard furnishing fabric; besides ready-made garments and technical fabric. [1]

  • Market Cap 399 Cr.
  • Current Price 117
  • High / Low 155 / 88.5
  • Stock P/E 3.89
  • Book Value 131
  • Dividend Yield 1.07 %
  • ROCE 15.1 %
  • ROE 11.9 %
  • Face Value 5.00

Pros

  • Stock is trading at 0.89 times its book value
  • Company is expected to give good quarter

Cons

  • Promoter holding has decreased over last quarter: -1.52%
  • The company has delivered a poor sales growth of -0.83% over past five years.
  • Company has a low return on equity of 10.5% over last 3 years.
  • 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
336 267 90 217 226 254 212 307 303 367 355 406 368
292 246 96 196 195 223 194 277 274 325 312 357 314
Operating Profit 44 21 -6 21 30 31 18 30 29 43 44 50 54
OPM % 13% 8% -6% 10% 13% 12% 8% 10% 9% 12% 12% 12% 15%
6 0 6 2 3 9 1 7 6 6 3 2 5
Interest 12 11 9 9 8 7 6 6 6 7 8 8 9
Depreciation 13 12 12 12 11 11 11 11 10 10 10 10 10
Profit before tax 25 -2 -22 2 14 22 3 20 18 32 29 33 40
Tax % 18% 253% 32% 66% 20% 24% -28% 40% 31% 39% 35% -6% 26%
Net Profit 20 3 -15 1 11 17 3 12 12 19 19 35 29
EPS in Rs 5.94 0.75 -4.28 0.22 3.23 4.91 0.96 3.43 3.58 5.69 5.56 10.26 8.60
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
805 924 1,094 1,209 1,223 1,262 1,240 1,292 1,351 1,290 787 1,190 1,497
674 792 946 1,031 1,085 1,101 1,107 1,181 1,231 1,145 711 1,071 1,307
Operating Profit 132 132 148 178 138 161 134 111 120 144 76 119 190
OPM % 16% 14% 13% 15% 11% 13% 11% 9% 9% 11% 10% 10% 13%
7 4 8 4 17 11 12 17 11 13 20 20 15
Interest 42 75 82 81 81 70 63 59 56 49 33 25 31
Depreciation 34 43 52 52 59 58 58 58 55 51 46 42 40
Profit before tax 63 17 21 48 14 44 25 11 20 58 16 72 134
Tax % 25% 14% 43% 45% 44% 38% 25% 27% -24% 7% 15% 35%
Net Profit 47 15 12 27 8 27 19 8 24 53 14 47 103
EPS in Rs 15.91 5.04 4.09 8.56 2.44 8.02 5.55 2.32 7.06 15.61 4.07 13.67 30.11
Dividend Payout % 16% 15% 18% 17% 20% 12% 9% 22% 7% 5% 18% 9%
Compounded Sales Growth
10 Years: 3%
5 Years: -1%
3 Years: -4%
TTM: 39%
Compounded Profit Growth
10 Years: 11%
5 Years: 18%
3 Years: 19%
TTM: 142%
Stock Price CAGR
10 Years: 17%
5 Years: 19%
3 Years: 48%
1 Year: 11%
Return on Equity
10 Years: 9%
5 Years: 9%
3 Years: 10%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
16 16 16 17 16 17 17 17 17 17 17 17 17
Reserves 145 159 172 196 207 232 245 252 277 325 340 383 432
574 685 678 696 632 562 561 538 474 321 227 262 402
163 156 203 198 221 230 237 265 218 190 162 220 224
Total Liabilities 897 1,015 1,068 1,106 1,076 1,041 1,060 1,073 986 853 746 882 1,076
452 488 515 514 501 473 486 460 418 374 338 314 319
CWIP 16 26 8 9 10 8 6 5 0 1 1 29 42
Investments 7 7 9 14 18 19 4 4 4 4 3 5 5
422 494 536 569 547 541 564 604 565 474 405 534 710
Total Assets 897 1,015 1,068 1,106 1,076 1,041 1,060 1,073 986 853 746 882 1,076

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
60 63 151 134 179 174 140 106 137 205 132 53
-148 -90 -55 -58 -48 -28 -61 -25 -10 -4 -3 -47
90 32 -92 -61 -148 -140 -82 -85 -123 -206 -126 6
Net Cash Flow 3 5 4 16 -17 6 -2 -4 4 -5 4 11

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 40 53 51 47 41 47 47 52 44 40 53 39
Inventory Days 252 235 197 192 195 173 204 181 169 155 207 213
Days Payable 96 80 87 67 82 76 90 101 78 68 107 113
Cash Conversion Cycle 197 207 162 172 154 144 160 132 135 127 154 139
Working Capital Days 111 115 98 96 86 77 83 88 83 66 88 78
ROCE % 16% 12% 12% 15% 11% 14% 11% 8% 10% 15% 7% 15%

Shareholding Pattern

Numbers in percentages

3 recently
Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
58.87 58.87 58.87 58.87 58.87 58.81 58.79 58.76 58.73 58.73 57.82 56.30
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 11.18 11.40
4.30 4.30 4.30 4.30 4.30 4.30 7.38 11.30 11.38 11.37 0.19 0.19
36.83 36.83 36.83 36.83 36.83 36.89 33.83 29.94 29.89 29.90 30.80 32.12

* 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.

Documents

Concalls