Flexituff Ventures International Ltd
Incorporated in 1966, Flexituff Ventures International Ltd is in the business of technical textile[1]
- Market Cap ₹ 98.1 Cr.
- Current Price ₹ 36.5
- 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.
- 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 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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: | -16% |
5 Years: | -3% |
3 Years: | 20% |
1 Year: | 32% |
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% |
Documents
Announcements
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 22 Apr
- Certificate Of Compliance Under Regulation 40(9) Of SEBI (LODR) Regulations, 2015 For The Year Ended 31Stmarch, 2024. 22 Apr
- Compliance Certificate Pursuant To Regulation 7(3) Of The SEBI (LODR) Regulations, 2015 For The Year Ended 31St March, 2024. 18 Apr
- Quarterly Disclosures By Listed Entities Of Defaults On Payment Of Interest/ Repayment Of Principal Amount On Loans From Banks / Financial Institutions And Unlisted Debt Securities 9 Apr
- Announcement Under Regulation 30 That Flexituff Technology International Limited ('FTIL'), Subsidiary Company Of Flexituff Ventures International Limited ('FVIL') Raised Fresh Capital Through Issue Of Equity Shares And Compulsory Convertible Debentures (Ccds) Of Rs. 231.66 Cr. (Rupees Two Hundred Thirty One Crores And Sixty Six Lacs). The Amount So Raised Is Being Used To Pay Purchase Consideration Under The BTA To FVIL. 9 Apr
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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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