Flexituff Ventures International Ltd

Flexituff Vent. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Flexituff Ventures International Ltd

₹ 34.6 -4.94%
06 May - close price
flexituff.com BSE: 533638 NSE - BE : FLEXITUFF
About

Incorporated in 1966, Flexituff Ventures International Ltd is in the business of technical textile[1]

Key Points

Business Overview:[1]
Company manufactures Flexible Intermediate Bulk Container (FIBC), reverse printed BiaxiallyOriented Polypropylene (BOPP) woven bags, Leno Bags (small packaging bags, primarily for domestic markets), geotextile fabrics and ground cover (used for prevention of landslides, control of soil erosion and riverbank protection) and polymer compounds (used for wires and cables) and drippers. Main product
of the company is FIBC, which is used in bulk packaging and transportation requirement
for multiple industries like cement, chemical, pharmaceutical, food processing consumer goods, sugar and meat products

Website BSE NSE - BE
  • Market Cap ₹ 93.2 Cr.
  • Current Price ₹ 34.6
  • High / Low ₹ 58.0 / 24.2
  • Stock P/E
  • Book Value ₹ -40.2
  • Dividend Yield 0.00 %
  • ROCE -11.5 %
  • ROE -4,350 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company's working capital requirements have reduced from 55.8 days to 35.2 days

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -4.52% over past five years.
  • Promoter holding is low: 33.8%
  • Company has a low return on equity of -114% over last 3 years.
  • Contingent liabilities of Rs.232 Cr.
  • Promoters have pledged 64.1% of their holding.

* 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: Packaging Industry: Packaging

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
223 265 265 260 273 241 246 259 225 184 161 177 147
214 239 268 253 265 251 229 264 235 207 184 192 178
Operating Profit 10 26 -3 8 8 -10 18 -5 -10 -23 -23 -15 -31
OPM % 4% 10% -1% 3% 3% -4% 7% -2% -4% -12% -14% -8% -21%
64 2 3 5 2 9 5 3 4 2 2 2 2
Interest 20 20 18 17 15 18 18 17 18 17 18 21 22
Depreciation 18 17 18 18 18 16 18 17 17 16 15 15 14
Profit before tax 36 -9 -35 -21 -22 -36 -13 -36 -41 -53 -54 -49 -65
Tax % 36% 78% 31% 7% 27% 3% 22% 1% 10% 60% 29% 44% 16%
23 -2 -24 -20 -16 -35 -10 -36 -37 -21 -38 -28 -55
EPS in Rs 9.17 -0.76 -9.75 -8.01 -6.30 -13.95 -4.08 -14.37 -14.93 -7.98 -14.28 -10.36 -20.45
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
617 863 965 1,052 1,156 1,326 1,153 1,175 873 868 1,039 915 669
511 745 862 939 1,017 1,151 999 1,043 941 875 1,034 935 761
Operating Profit 105 118 103 113 140 176 154 132 -68 -7 5 -20 -92
OPM % 17% 14% 11% 11% 12% 13% 13% 11% -8% -1% 1% -2% -14%
2 3 -1 12 19 9 32 26 19 73 17 14 8
Interest 46 63 56 68 92 108 110 109 74 73 67 70 78
Depreciation 16 21 26 45 65 69 75 70 74 73 69 68 61
Profit before tax 45 37 20 12 1 8 1 -22 -197 -80 -114 -144 -222
Tax % 23% 25% 36% -64% -195% 2% 357% 27% 16% 28% 17% 27%
34 28 13 20 4 7 -2 -16 -165 -58 -95 -104 -143
EPS in Rs 15.81 12.03 5.13 7.94 1.61 2.97 -0.94 -6.34 -66.48 -23.20 -38.01 -38.87 -53.07
Dividend Payout % 6% 8% 19% 13% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 1%
5 Years: -5%
3 Years: 2%
TTM: -31%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 11%
TTM: -21%
Stock Price CAGR
10 Years: -17%
5 Years: -3%
3 Years: 13%
1 Year: 21%
Return on Equity
10 Years: -16%
5 Years: -53%
3 Years: -114%
Last Year: -4350%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 22 23 25 25 25 25 25 25 25 25 25 27 27
Reserves 244 285 335 349 353 361 359 344 179 121 27 -74 -135
318 391 506 596 626 762 722 726 717 622 624 653 713
119 210 221 261 231 213 251 313 241 317 319 314 315
Total Liabilities 702 909 1,087 1,232 1,235 1,361 1,357 1,408 1,161 1,084 995 920 920
367 411 485 677 682 670 639 607 568 495 432 394 369
CWIP 0 34 100 4 12 0 0 0 0 0 0 0 0
Investments 10 10 1 1 1 1 1 1 1 1 0 0 0
325 454 501 549 540 690 716 800 592 589 563 525 552
Total Assets 702 909 1,087 1,232 1,235 1,361 1,357 1,408 1,161 1,084 995 920 920

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
69 65 48 114 139 30 188 120 91 78 74 35
-60 -99 -162 -116 -52 -41 -47 -24 -19 6 0 2
-2 39 117 3 -77 7 -147 -99 -70 -85 -71 -42
Net Cash Flow 6 6 2 1 10 -4 -6 -3 2 -2 3 -5

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 94 91 90 91 101 109 115 120 100 105 89 80
Inventory Days 82 73 57 64 53 68 107 95 110 106 64 66
Days Payable 88 88 75 83 78 69 125 159 131 189 141 137
Cash Conversion Cycle 89 76 71 73 76 108 97 56 79 22 13 9
Working Capital Days 80 79 92 85 77 109 62 84 -26 79 53 35
ROCE % 18% 16% 11% 9% 9% 11% 10% 8% -12% -8% -6% -11%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
32.88% 32.88% 32.88% 32.88% 32.88% 32.88% 32.88% 34.90% 34.90% 34.90% 33.79% 33.79%
0.93% 0.93% 0.93% 0.93% 0.93% 0.93% 0.93% 0.86% 0.86% 0.86% 0.75% 0.75%
8.01% 7.12% 6.13% 6.13% 6.13% 6.13% 6.13% 5.67% 5.67% 5.67% 4.97% 3.42%
58.18% 59.07% 60.06% 60.06% 60.06% 60.06% 60.06% 58.57% 58.58% 58.58% 60.49% 62.04%
No. of Shareholders 3,4173,8714,4284,7604,7274,8154,6794,4554,3724,5404,3734,659

* 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.

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