Flexituff Ventures International Ltd

Flexituff Ventures International Ltd

₹ 36.2 0.78%
22 Apr 11:47 a.m.
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

  • Market Cap 97.4 Cr.
  • Current Price 36.2
  • High / Low 58.0 / 24.2
  • Stock P/E
  • Book Value -46.8
  • Dividend Yield 0.00 %
  • ROCE -15.2 %
  • ROE %
  • Face Value 10.0

Pros

  • Company's working capital requirements have reduced from 50.1 days to 23.7 days

Cons

  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -1.10%
  • The company has delivered a poor sales growth of -6.20% over past five years.
  • Promoter holding is low: 33.8%
  • Contingent liabilities of Rs.232 Cr.
  • Promoters have pledged 72.2% 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

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
223 265 265 260 274 242 246 259 225 184 161 177 147
214 238 267 252 264 246 230 264 256 204 184 191 178
Operating Profit 10 28 -2 9 11 -4 16 -4 -31 -20 -23 -14 -30
OPM % 4% 10% -1% 3% 4% -2% 7% -2% -14% -11% -14% -8% -21%
63 1 3 5 2 8 4 3 4 2 1 1 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 35 -8 -35 -21 -20 -30 -15 -36 -62 -52 -54 -49 -65
Tax % 37% 83% 31% 7% 29% 2% 22% 1% 6% 61% 29% 44% 17%
22 -1 -24 -20 -14 -29 -12 -36 -58 -20 -38 -28 -54
EPS in Rs 8.85 -0.43 -9.58 -7.85 -5.72 -11.74 -4.56 -14.42 -20.32 -8.14 -14.23 -10.24 -20.14
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
738 970 1,085 1,177 1,313 1,457 1,261 1,245 885 847 1,042 915 669
626 848 973 1,062 1,170 1,280 1,106 1,116 953 853 1,026 954 757
Operating Profit 112 122 111 115 143 177 155 130 -68 -6 16 -39 -87
OPM % 15% 13% 10% 10% 11% 12% 12% 10% -8% -1% 2% -4% -13%
4 4 -1 12 19 8 31 20 15 69 14 13 6
Interest 49 66 58 69 93 110 112 109 74 73 67 70 78
Depreciation 18 24 27 46 66 70 76 70 75 73 69 68 61
Profit before tax 49 35 26 11 3 5 -1 -30 -201 -82 -106 -165 -221
Tax % 23% 27% 29% -64% -87% 16% -208% 19% 16% 27% 18% 23%
38 25 18 19 5 4 -4 -24 -169 -60 -87 -126 -141
EPS in Rs 17.39 11.27 7.35 7.56 1.94 1.81 -1.44 -9.42 -67.73 -23.81 -34.90 -44.52 -52.75
Dividend Payout % 6% 9% 14% 13% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -1%
5 Years: -6%
3 Years: 1%
TTM: -31%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 9%
TTM: -11%
Stock Price CAGR
10 Years: -17%
5 Years: -5%
3 Years: 17%
1 Year: 31%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 246 285 339 354 358 366 362 339 171 112 25 -92 -153
298 413 528 621 651 784 728 726 717 622 624 653 713
236 300 275 312 330 311 326 325 247 321 323 305 309
Total Liabilities 802 1,021 1,168 1,312 1,364 1,487 1,440 1,415 1,159 1,080 998 893 896
403 444 503 693 698 684 641 607 568 495 432 394 368
CWIP 0 34 100 4 12 0 0 0 0 0 0 0 0
Investments 0 1 1 0 0 0 0 0 0 0 0 0 0
399 542 564 614 653 803 799 809 592 585 565 498 528
Total Assets 802 1,021 1,168 1,312 1,364 1,487 1,440 1,415 1,159 1,080 998 893 896

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
84 66 65 112 142 23 189 133 95 82 76 39
-78 -99 -165 -117 -53 -31 -33 -32 -22 2 -2 -1
1 37 102 5 -79 3 -163 -105 -71 -85 -71 -42
Net Cash Flow 8 4 2 1 10 -5 -8 -4 2 -1 3 -4

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 101 94 93 93 103 109 109 116 98 97 81 69
Inventory Days 85 82 64 68 70 95 137 93 110 129 78 64
Days Payable 111 116 89 93 105 107 147 152 135 203 144 131
Cash Conversion Cycle 75 61 68 67 68 98 98 57 73 23 14 2
Working Capital Days 64 67 84 80 72 102 59 77 -30 76 51 24
ROCE % 19% 16% 12% 9% 9% 10% 10% 7% -13% -8% -5% -15%

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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