Eurotex Industries and Exports Ltd

Eurotex Industri Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Eurotex Industries and Exports Ltd

₹ 14.0 -4.76%
06 Jun 2:17 p.m.
eurotexpatodia.com, www.eurotexgroup.com BSE: 521014 NSE : EUROTEXIND
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.

Website BSE NSE
  • Market Cap ₹ 12.2 Cr.
  • Current Price ₹ 14.0
  • High / Low ₹ 16.0 / 5.70
  • Stock P/E
  • Book Value ₹ -22.4
  • Dividend Yield 0.00 %
  • ROCE -3.44 %
  • ROE %
  • Face Value ₹ 10.0
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Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -53.1% over past five years.
  • Contingent liabilities of Rs.5.15 Cr.
  • Earnings include an other income of Rs.2.24 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.

Peer comparison

Sector: Textiles Industry: Textiles - Cotton/Blended

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Quarterly Results

Figures in Rs. Crores

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
9.87 4.48 4.58 8.64 5.95 2.03 0.21 0.00 0.01 0.01 0.00 0.00 5.71
12.96 5.13 10.52 12.72 11.50 3.39 1.83 1.70 2.70 1.17 1.31 1.35 1.67
Operating Profit -3.09 -0.65 -5.94 -4.08 -5.55 -1.36 -1.62 -1.70 -2.69 -1.16 -1.31 -1.35 4.04
OPM % -31.31% -14.51% -129.69% -47.22% -93.28% -67.00% -771.43% -26,900.00% -11,600.00% 70.75%
0.60 0.32 2.80 0.33 7.57 0.27 0.31 0.66 1.31 0.78 0.53 0.41 0.53
Interest 0.90 1.00 1.02 1.13 0.04 0.60 0.64 0.64 0.67 0.67 0.68 0.66 0.65
Depreciation 0.92 0.92 0.92 0.92 0.90 0.83 0.84 0.83 0.80 0.80 0.81 0.79 0.76
Profit before tax -4.31 -2.25 -5.08 -5.80 1.08 -2.52 -2.79 -2.51 -2.85 -1.85 -2.27 -2.39 3.16
Tax % -12.99% 33.33% 9.06% -10.69% 25.00% 0.00% 0.00% 0.00% -36.14% 2.16% 1.32% 7.11% -17.09%
Net Profit -4.87 -1.50 -4.63 -6.42 0.81 -2.52 -2.78 -2.51 -3.89 -1.81 -2.24 -2.22 3.70
EPS in Rs -5.57 -1.71 -5.29 -7.34 0.93 -2.88 -3.18 -2.87 -4.45 -2.07 -2.56 -2.54 4.23
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
257.55 283.15 344.29 280.57 233.92 188.63 252.05 196.75 42.06 23.64 2.25 5.72
250.76 264.08 314.81 270.38 228.76 190.12 256.70 204.17 62.95 39.78 9.52 5.49
Operating Profit 6.79 19.07 29.48 10.19 5.16 -1.49 -4.65 -7.42 -20.89 -16.14 -7.27 0.23
OPM % 2.64% 6.73% 8.56% 3.63% 2.21% -0.79% -1.84% -3.77% -49.67% -68.27% -323.11% 4.02%
22.76 0.42 0.47 1.50 1.67 1.21 1.14 1.40 7.54 11.02 2.55 2.24
Interest 12.11 10.03 10.10 10.44 8.10 7.54 7.79 7.36 4.74 3.27 2.65 2.66
Depreciation 10.03 9.87 9.60 4.62 4.45 4.20 3.98 3.91 3.71 3.66 3.30 3.16
Profit before tax 7.41 -0.41 10.25 -3.37 -5.72 -12.02 -15.28 -17.29 -21.80 -12.05 -10.67 -3.35
Tax % -12.55% -336.59% 45.66% 4.15% 5.77% 2.75% 7.26% 1.21% 13.94% 2.66% -9.65% 23.28%
Net Profit 8.34 -1.80 5.57 -3.23 -5.38 -11.68 -14.17 -17.07 -18.76 -11.73 -11.70 -2.57
EPS in Rs 9.53 -2.06 6.37 -3.69 -6.15 -13.35 -16.19 -19.51 -21.44 -13.41 -13.37 -2.94
Dividend Payout % 0.00% 0.00% 7.85% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -32%
5 Years: -53%
3 Years: -49%
TTM: 154%
Compounded Profit Growth
10 Years: -5%
5 Years: 13%
3 Years: 24%
TTM: 80%
Stock Price CAGR
10 Years: 1%
5 Years: -12%
3 Years: 18%
1 Year: 116%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
8.74 8.74 8.74 8.74 8.74 8.74 13.74 13.74 13.74 13.74 13.74 8.74
Reserves 57.45 55.58 60.57 55.65 50.27 47.34 32.86 15.38 -4.46 -15.71 -25.23 -28.30
72.55 77.53 64.26 58.75 41.80 46.53 47.56 29.04 23.80 24.36 33.08 38.08
51.40 50.33 59.22 43.63 39.12 65.70 64.97 59.76 45.27 33.31 32.10 25.29
Total Liabilities 190.14 192.18 192.79 166.77 139.93 168.31 154.13 112.92 73.35 50.70 48.69 43.81
85.60 78.41 75.80 73.07 69.29 65.40 61.31 57.49 50.98 39.57 36.09 32.87
CWIP 0.43 0.01 1.66 0.05 0.05 0.05 0.00 0.00 0.00 0.00 0.00 0.00
Investments 3.18 3.18 3.18 3.18 3.18 13.83 13.22 12.50 1.10 1.94 4.81 3.27
100.93 110.58 112.15 90.47 67.41 89.03 79.60 42.93 21.27 9.19 7.79 7.67
Total Assets 190.14 192.18 192.79 166.77 139.93 168.31 154.13 112.92 73.35 50.70 48.69 43.81

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
19.04 5.74 30.33 17.34 23.75 -1.33 0.37 23.40 -6.41 -16.88 -7.47 1.06
24.35 -1.97 -7.25 -1.81 0.65 0.56 0.94 0.77 16.25 19.03 1.40 0.81
-43.17 -4.14 -23.02 -15.51 -24.31 1.29 -0.90 -25.25 -9.50 -2.38 6.42 -2.40
Net Cash Flow 0.22 -0.37 0.06 0.02 0.09 0.52 0.41 -1.08 0.34 -0.23 0.35 -0.52

Ratios

Figures in Rs. Crores

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 28.09 20.41 16.60 15.23 14.17 25.06 15.67 3.08 17.01 0.93 0.00 6.38
Inventory Days 120.56 149.46 115.42 117.48 101.44 161.02 106.97 83.19 97.59 34.36 142.91
Days Payable 66.37 55.89 54.03 48.99 45.48 88.89 59.48 47.97 92.91 212.49 1,743.89
Cash Conversion Cycle 82.28 113.97 77.99 83.73 70.13 97.19 63.16 38.30 21.69 -177.21 -1,600.98 6.38
Working Capital Days 65.47 76.91 52.48 55.08 40.65 52.54 32.00 -9.80 -156.12 -276.84 -2,752.91 -957.17
ROCE % -1.58% 6.86% 14.68% 5.41% 2.13% -4.40% -7.61% -13.04% -49.96% -64.40% -41.52% -3.44%

Shareholding Pattern

Numbers in percentages

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
70.99 70.99 70.99 70.99 70.99 70.99 70.99 70.99 70.99 70.99 70.99 70.99
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.02 0.02
0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.53 0.53 0.53 0.02 0.02
0.51 0.51 0.51 0.51 0.51 0.51 0.51 0.00 0.00 0.00 0.00 0.00
28.40 28.40 28.40 28.40 28.40 28.40 28.40 28.48 28.48 28.48 28.97 28.97

* 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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