Banswara Syntex Ltd

Banswara Syntex Ltd

₹ 149 0.10%
16 Apr 4:01 p.m.
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 514 Cr.
  • Current Price 149
  • High / Low 189 / 132
  • Stock P/E 9.20
  • Book Value 151
  • Dividend Yield 2.02 %
  • ROCE 22.1 %
  • ROE 24.4 %
  • Face Value 5.00

Pros

  • Stock is trading at 0.98 times its book value
  • Company has delivered good profit growth of 70.1% 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

Consolidated Figures in Rs. Crores / View Standalone

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
225.55 254.15 212.24 306.96 303.19 367.38 355.48 406.48 367.85 368.97 302.43 315.71 302.34
195.49 223.26 194.24 277.61 274.82 325.22 312.06 356.58 314.40 318.69 276.02 288.28 277.01
Operating Profit 30.06 30.89 18.00 29.35 28.37 42.16 43.42 49.90 53.45 50.28 26.41 27.43 25.33
OPM % 13.33% 12.15% 8.48% 9.56% 9.36% 11.48% 12.21% 12.28% 14.53% 13.63% 8.73% 8.69% 8.38%
3.66 8.91 1.43 6.78 5.80 5.67 3.02 2.03 5.38 6.41 3.69 2.89 3.86
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 10.55 10.72 10.84
Profit before tax 14.67 22.14 2.59 19.47 17.47 31.38 29.00 33.68 39.93 38.76 12.81 11.99 10.99
Tax % 19.09% 23.71% -27.80% 40.63% 31.88% 39.96% 35.76% -5.73% 25.69% 25.59% 25.21% 23.94% 24.02%
11.87 16.88 3.31 11.56 11.90 18.84 18.62 35.61 29.67 28.84 9.58 9.13 8.36
EPS in Rs 3.47 4.94 0.97 3.38 3.48 5.51 5.44 10.40 8.67 8.42 2.80 2.67 2.44
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1,215 1,227 1,267 1,240 1,292 1,351 1,290 787 1,190 1,499 1,289
1,037 1,086 1,104 1,107 1,182 1,231 1,145 711 1,072 1,301 1,160
Operating Profit 179 141 163 134 110 120 144 76 118 197 129
OPM % 15% 12% 13% 11% 9% 9% 11% 10% 10% 13% 10%
4 17 11 13 18 11 13 20 20 16 17
Interest 81 81 70 63 59 56 49 33 25 32 29
Depreciation 54 63 61 58 58 55 51 46 42 41 42
Profit before tax 47 14 44 26 11 20 57 17 71 141 75
Tax % 45% 44% 38% 25% 26% -24% 7% 15% 36% 20%
26 8 27 19 8 24 53 15 46 113 56
EPS in Rs 8.32 2.44 8.03 5.59 2.46 7.12 15.58 4.24 13.34 32.93 16.33
Dividend Payout % 18% 20% 12% 9% 20% 7% 5% 18% 9% 9%
Compounded Sales Growth
10 Years: %
5 Years: 3%
3 Years: 5%
TTM: -14%
Compounded Profit Growth
10 Years: %
5 Years: 70%
3 Years: 28%
TTM: -46%
Stock Price CAGR
10 Years: 19%
5 Years: 34%
3 Years: 48%
1 Year: 5%
Return on Equity
10 Years: %
5 Years: 14%
3 Years: 14%
Last Year: 24%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 17 17 17 17 17 17 17 17 17
Reserves 194 206 231 244 251 277 324 340 382 492 501
Preference Capital 2 0 0 0 0 0 0 0 0 0
700 634 562 561 538 472 321 227 262 373 323
203 223 231 237 265 220 190 162 222 186 196
Total Liabilities 1,112 1,079 1,041 1,059 1,072 986 852 746 882 1,069 1,038
530 516 485 486 460 418 374 338 314 370 383
CWIP 9 10 8 6 5 0 1 1 29 22 42
Investments 1 1 1 2 3 3 3 3 3 6 7
572 552 547 564 604 565 474 405 536 671 606
Total Assets 1,112 1,079 1,041 1,059 1,072 986 852 746 882 1,069 1,038

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
183 173 140 106 137 208 132 54 20
-48 -26 -61 -25 -10 -7 -3 -48 -99
-151 -143 -82 -85 -123 -206 -126 5 75
Net Cash Flow -16 5 -2 -4 4 -5 4 11 -4

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 47 41 47 47 52 44 40 53 39 52
Inventory Days 191 195 172 223 198 169 155 207 213 195
Days Payable 66 82 75 99 110 78 68 107 82 55
Cash Conversion Cycle 172 154 145 171 139 135 127 154 170 192
Working Capital Days 94 85 78 83 88 83 66 88 89 104
ROCE % 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.

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