Eastern Silk Industries Ltd

₹ 1.80 -5.26%

06 Mar 2024

easternsilk.com BSE: 590022 NSE: EASTSILK

About

Incorporated in 1946, Eastern Silks Ltd manufactures silk fabrics and other related textile products^[1]

Key Points

Business Overview:^[1]
Company manufactures textile and allied products from yarns to premium fashionable fabrics

Website BSE NSE - BE

Market Cap ₹ 14.2 Cr.
Current Price ₹ 1.80
High / Low ₹ /
Stock P/E
Book Value ₹ 7.99
Dividend Yield 0.00 %
ROCE -10.6 %
ROE -127 %
Face Value ₹ 2.00

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Pros

Company has reduced debt.
Stock is trading at 0.23 times its book value
Debtor days have improved from 96.4 to 25.7 days.
Promoter holding has increased by 48.7% over last quarter.

Cons

Company has low interest coverage ratio.
The company has delivered a poor sales growth of -21.9% over past five years.
Contingent liabilities of Rs.8.28 Cr.
Company might be capitalizing the interest cost
Earnings include an other income of Rs.2.27 Cr.
Working capital days have increased from 232 days to 570 days

* 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 - Silk

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
	11.53	18.56	20.66	7.30	5.43	4.62	4.66	5.65	5.38	3.24	6.05	6.30	4.48
	14.31	20.92	20.44	9.72	8.91	10.74	8.37	8.56	8.32	3.94	6.45	5.70	4.86
Operating Profit	-2.78	-2.36	0.22	-2.42	-3.48	-6.12	-3.71	-2.91	-2.94	-0.70	-0.40	0.60	-0.38
OPM %	-24.11%	-12.72%	1.06%	-33.15%	-64.09%	-132.47%	-79.61%	-51.50%	-54.65%	-21.60%	-6.61%	9.52%	-8.48%
	0.45	0.41	0.26	0.29	0.31	0.59	0.41	0.40	0.42	0.18	0.59	0.68	0.82
Interest	0.00	1.12	0.00	0.00	0.00	1.12	0.00	0.00	0.00	0.04	0.00	0.00	0.00
Depreciation	0.99	1.04	0.87	0.67	0.72	0.70	0.57	0.67	0.86	0.86	0.60	0.57	0.59
Profit before tax	-3.32	-4.11	-0.39	-2.80	-3.89	-7.35	-3.87	-3.18	-3.38	-1.42	-0.41	0.71	-0.15
Tax %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	30.99%	0.00%	-61.97%	113.33%
	-3.32	-4.10	-0.40	-2.80	-3.89	-7.35	-3.87	-3.18	-3.38	-1.87	-0.41	1.15	-0.32
EPS in Rs	-0.42	-0.52	-0.05	-0.35	-0.49	-0.93	-0.49	-0.40	-0.43	-0.24	-0.05	0.15	-0.04
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	75.85	79.63	61.02	70.47	63.42	51.49	65.24	103.18	90.67	73.14	38.01	18.92	20.07
	146.75	174.25	85.75	141.82	127.64	80.15	67.29	99.85	84.90	75.96	49.75	29.20	20.95
Operating Profit	-70.90	-94.62	-24.73	-71.35	-64.22	-28.66	-2.05	3.33	5.77	-2.82	-11.74	-10.28	-0.88
OPM %	-93.47%	-118.82%	-40.53%	-101.25%	-101.26%	-55.66%	-3.14%	3.23%	6.36%	-3.86%	-30.89%	-54.33%	-4.38%
	18.11	22.41	10.43	63.61	120.38	59.63	0.80	4.66	1.22	1.14	1.42	1.42	2.27
Interest	46.67	48.56	2.35	0.30	1.36	1.17	1.19	1.19	1.19	1.17	1.15	0.04	0.04
Depreciation	17.82	15.68	20.23	13.79	10.66	8.76	7.18	5.74	4.76	4.02	2.96	2.97	2.62
Profit before tax	-117.28	-136.45	-36.88	-21.83	44.14	21.04	-9.62	1.06	1.04	-6.87	-14.43	-11.87	-1.27
Tax %	-18.70%	0.00%	0.00%	0.00%	0.16%	0.00%	0.10%	0.00%	0.00%	0.00%	0.00%	3.71%
	-95.36	-136.45	-36.88	-21.83	44.06	21.03	-9.63	1.05	1.04	-6.87	-14.43	-12.30	-1.45
EPS in Rs	-12.08	-17.28	-4.67	-2.76	5.58	2.66	-1.22	0.13	0.13	-0.87	-1.83	-1.56	-0.18
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	-13%
5 Years:	-22%
3 Years:	-41%
TTM:	-1%

Compounded Profit Growth
10 Years:	7%
5 Years:	-7%
3 Years:	%
TTM:	92%

Stock Price CAGR
10 Years:	0%
5 Years:	21%
3 Years:	-34%
1 Year:	0%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	-127%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	15.79	15.79	15.79	15.79	15.79	15.79	15.79	15.79	15.79	15.79	15.79	15.79	15.79
Reserves	99.19	-38.00	-85.13	-106.96	-51.15	-29.92	-39.60	-39.05	-38.06	-44.66	-59.00	46.86	48.23
	486.11	492.85	473.77	398.87	224.73	152.56	149.11	150.44	149.49	149.66	145.76	58.15	48.89
	18.39	34.96	33.33	37.70	56.84	72.81	76.46	45.60	46.04	43.80	49.58	14.24	44.52
Total Liabilities	619.48	505.60	437.76	345.40	246.21	211.24	201.76	172.78	173.26	164.59	152.13	135.04	157.43
	132.23	116.52	91.04	76.86	68.91	60.39	55.26	50.27	46.17	43.26	40.44	37.67	36.68
CWIP	3.51	4.08	0.06	1.30	0.00	0.17	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	3.26	0.00	0.00	0.00	0.02	0.02	0.03	0.03	0.04	0.05	0.04	0.05	0.05
	480.48	385.00	346.66	267.24	177.28	150.66	146.47	122.48	127.05	121.28	111.65	97.32	120.70
Total Assets	619.48	505.60	437.76	345.40	246.21	211.24	201.76	172.78	173.26	164.59	152.13	135.04	157.43

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	4.55	44.69	25.39	88.63	145.12	69.50	5.34	2.76	2.00	1.19	3.44	8.63
	-4.04	3.53	0.54	-2.39	-1.18	-0.16	-1.79	-0.83	-0.69	-1.30	-0.05	-0.41
	-11.53	-34.35	-19.08	-82.65	-155.58	-72.17	-3.45	-1.95	-0.95	0.17	-3.90	-7.05
Net Cash Flow	-11.02	13.87	6.85	3.60	-11.64	-2.83	0.10	-0.03	0.36	0.05	-0.51	1.17

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	1,497.92	1,007.13	1,097.45	589.32	264.63	178.64	179.48	77.93	99.75	117.62	145.87	25.66
Inventory Days	356.61	573.49	844.09	543.41	779.68	1,076.12	508.36	258.56	259.64	279.71	417.23	1,518.28
Days Payable	31.04	18.55	49.21	46.54	70.32	110.17	58.53	37.27	45.58	34.79	25.18	3.46
Cash Conversion Cycle	1,823.49	1,562.08	1,892.33	1,086.20	973.98	1,144.59	629.31	299.22	313.81	362.55	537.91	1,540.48
Working Capital Days	1,936.59	1,266.93	1,392.71	714.05	334.44	164.88	85.54	81.82	106.15	110.89	14.69	569.69
ROCE %	-10.62%	-15.98%	-3.93%	-21.79%	-29.98%	-22.50%	-6.31%	1.81%	1.78%	-4.37%	-11.87%	-10.59%

Shareholding Pattern

Numbers in percentages

1 Recently

	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Apr 2025
	51.28%	51.28%	51.28%	51.28%	51.28%	51.28%	51.28%	51.28%	51.28%	51.28%	51.28%	100.00%
	1.92%	1.92%	1.92%	1.92%	1.92%	1.92%	1.92%	1.92%	1.92%	1.92%	1.92%	0.00%
	46.80%	46.80%	46.80%	46.80%	46.81%	46.81%	46.79%	46.79%	46.80%	46.80%	46.80%	0.00%
No. of Shareholders	26,782	26,528	26,238	26,112	25,477	25,069	26,272	26,268	26,271	26,265	26,267	7

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Apr 2025
	51.28%	51.28%	51.28%	51.28%	51.28%	51.28%	51.28%	51.28%	51.28%	100.00%
	4.22%	1.92%	1.92%	1.92%	1.92%	1.92%	1.92%	1.92%	1.92%	0.00%
	44.50%	46.80%	46.80%	46.80%	46.80%	46.80%	46.80%	46.79%	46.80%	0.00%
No. of Shareholders	20,978	21,336	18,608	18,255	17,876	26,392	26,238	26,272	26,267	7

* 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.

Eastern Silk Industries Ltd

Eastern Silk Industries Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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