Eurotex Industries and Exports Ltd

₹ 11.2 1.83%
03 Oct - close price
About

Established in 1989, Eurotex Industries and Exports Limited is engaged in manufacturing of cotton yarn & knitted fabric.

Key Points

Product Profile:
a) Yarns: [1] In 1989, company established first 100% Export Oriented Spinning Unit in India's private sector. Presently, company exports 100% cotton yarn from India, which exceeds 8000 tonnes, to a clientele spread worldwide.
Company manufactures wide range of combed cotton yarn counts ranging 20s to 120s. These yarns are used for knitting, weaving, dyeing and processing. Eurotex also manufactures specfic yarns that meet the requirements of its customers.
Company produces single and 2-ply yarns, RKM yarns, Double Yarns, TFO-Knotless Yarns, Gassed Yarns, Compact Yarns, Autoconed Yarns, Soft Precision Wound Yarns etc.
b) Fabrics:[2] Company knits fabrics in various structures viz.,
Single jersey in 24/28 gg and 30"
Interlock in 24 gg and 30"/34"
Rib in 18 gg and 30"
Company also produces Single Jersey Pique fabric, cotton/spandex knitted fabrics.

  • Market Cap 9.78 Cr.
  • Current Price 11.2
  • High / Low 15.4 / 5.70
  • Stock P/E
  • Book Value -18.8
  • Dividend Yield 0.00 %
  • ROCE -41.5 %
  • ROE %
  • Face Value 10.0

Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -58.8% over past five years.
  • Contingent liabilities of Rs.5.15 Cr.

* 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

Figures in Rs. Crores

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
15.94 8.92 7.32 9.87 4.48 4.58 8.64 5.95 2.03 0.21 -0.00 0.01 0.01
21.49 16.18 12.58 12.96 5.13 10.52 12.72 11.50 3.39 1.83 1.70 2.70 1.17
Operating Profit -5.55 -7.26 -5.26 -3.09 -0.65 -5.94 -4.08 -5.55 -1.36 -1.62 -1.70 -2.69 -1.16
OPM % -34.82% -81.39% -71.86% -31.31% -14.51% -129.69% -47.22% -93.28% -67.00% -771.43% -26,900.00% -11,600.00%
0.55 0.50 5.89 0.60 0.32 2.80 0.33 7.57 0.27 0.31 0.66 1.31 0.78
Interest 1.18 1.52 0.87 0.90 1.00 1.02 1.13 0.04 0.60 0.64 0.64 0.67 0.67
Depreciation 0.93 0.93 0.93 0.92 0.92 0.92 0.92 0.90 0.83 0.84 0.83 0.80 0.80
Profit before tax -7.11 -9.21 -1.17 -4.31 -2.25 -5.08 -5.80 1.08 -2.52 -2.79 -2.51 -2.85 -1.85
Tax % 41.21% 11.94% -35.90% -12.99% 33.33% 9.06% -10.69% 25.00% -0.00% -0.00% -0.00% -36.14% 2.16%
Net Profit -4.18 -8.12 -1.59 -4.87 -1.50 -4.63 -6.42 0.81 -2.52 -2.78 -2.51 -3.89 -1.81
EPS in Rs -4.78 -9.28 -1.82 -5.57 -1.71 -5.29 -7.34 0.93 -2.88 -3.18 -2.87 -4.45 -2.07
Raw PDF

Profit & Loss

Figures in Rs. Crores

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
212 258 283 344 281 234 189 252 197 42 24 2 0
186 251 264 315 270 229 190 257 204 63 40 10 7
Operating Profit 26 7 19 29 10 5 -1 -5 -7 -21 -16 -7 -7
OPM % 12% 3% 7% 9% 4% 2% -1% -2% -4% -50% -68% -323% -3,117%
1 23 0 0 2 2 1 1 1 8 11 3 3
Interest 11 12 10 10 10 8 8 8 7 5 3 3 3
Depreciation 10 10 10 10 5 4 4 4 4 4 4 3 3
Profit before tax 6 7 -0 10 -3 -6 -12 -15 -17 -22 -12 -11 -10
Tax % 1% -13% -337% 46% 4% 6% 3% 7% 1% 14% 3% -10%
Net Profit 6 8 -2 6 -3 -5 -12 -14 -17 -19 -12 -12 -11
EPS in Rs 6.56 9.53 -2.06 6.37 -3.69 -6.15 -13.35 -16.19 -19.51 -21.44 -13.41 -13.37 -12.57
Dividend Payout % -0% -0% -0% 8% -0% -0% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: -38%
5 Years: -59%
3 Years: -77%
TTM: -99%
Compounded Profit Growth
10 Years: -1%
5 Years: -2%
3 Years: 8%
TTM: 14%
Stock Price CAGR
10 Years: -4%
5 Years: -22%
3 Years: -5%
1 Year: 3%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
9 9 9 9 9 9 9 14 14 14 14 14
Reserves 49 57 56 61 56 50 47 33 15 -4 -16 -25
97 73 78 64 59 42 47 48 29 24 24 33
52 51 50 59 44 39 66 65 60 45 33 32
Total Liabilities 206 190 192 193 167 140 168 154 113 73 51 49
99 86 78 76 73 69 65 61 57 51 40 36
CWIP 0 0 0 2 0 0 0 -0 -0 -0 -0 -0
Investments 3 3 3 3 3 3 14 13 12 1 2 5
104 101 111 112 90 67 89 80 43 21 9 8
Total Assets 206 190 192 193 167 140 168 154 113 73 51 49

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
7 19 6 30 17 24 -1 0 23 -6 -17 -7
-0 24 -2 -7 -2 1 1 1 1 16 19 1
-8 -43 -4 -23 -16 -24 1 -1 -25 -10 -2 6
Net Cash Flow -1 0 -0 0 0 0 1 0 -1 0 -0 0

Ratios

Figures in Rs. Crores

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 17 28 20 17 15 14 25 16 3 17 1 -0
Inventory Days 228 121 149 115 117 101 161 107 83 98 34 143
Days Payable 73 66 56 54 49 45 89 59 48 93 212 1,744
Cash Conversion Cycle 172 82 114 78 84 70 97 63 38 22 -177 -1,601
Working Capital Days 107 65 77 52 55 41 53 32 -10 -156 -277 -2,753
ROCE % 11% -2% 7% 15% 5% 2% -4% -8% -13% -50% -64% -42%

Shareholding Pattern

Numbers in percentages

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
70.99 70.99 70.99 70.99 70.99 70.99 70.99 70.99 70.99 70.99 70.99 70.99
0.10 0.12 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.53 0.53
0.51 0.51 0.51 0.51 0.51 0.51 0.51 0.51 0.51 0.51 0.00 0.00
28.40 28.38 28.40 28.40 28.40 28.40 28.40 28.40 28.40 28.40 28.48 28.48

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