Patspin India Ltd

₹ 10.2 2.00%
05 Dec 4:01 p.m.
About

Patspin India Ltd is primarily engaged in the business of manufacture and export of fine and supper fine combed cotton yarn.[1]

Key Points

Product Offerings
The company produces cotton yarn of various different counts ranging from 20s to 100s. In addition to this, it is also engaged in value-adding activities like TFO (Two-For-One) twisting and gassing of textile yarn.[1]

  • Market Cap 31.5 Cr.
  • Current Price 10.2
  • High / Low 15.4 / 5.72
  • Stock P/E
  • Book Value -10.7
  • Dividend Yield 0.00 %
  • ROCE 6.25 %
  • ROE -226 %
  • Face Value 10.0

Pros

  • Company has reduced debt.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -23.1% over past five years.
  • Company has a low return on equity of -77.4% over last 3 years.
  • Promoters have pledged 36.3% of their holding.
  • Company's cost of borrowing seems high

* 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

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
114.08 93.06 66.44 26.65 44.16 32.90 44.39 31.96 42.57 36.04 32.76 30.01 13.54
112.92 96.17 69.18 28.18 46.24 35.07 42.79 29.07 35.19 28.88 30.82 29.23 16.77
Operating Profit 1.16 -3.11 -2.74 -1.53 -2.08 -2.17 1.60 2.89 7.38 7.16 1.94 0.78 -3.23
OPM % 1.02% -3.34% -4.12% -5.74% -4.71% -6.60% 3.60% 9.04% 17.34% 19.87% 5.92% 2.60% -23.86%
0.45 1.56 0.23 0.06 0.11 0.07 0.11 0.03 0.07 0.07 0.06 0.03 0.18
Interest 7.27 6.70 5.84 5.46 5.82 6.09 6.55 5.71 6.10 6.23 4.80 3.83 3.85
Depreciation 2.60 2.60 2.57 2.56 2.58 2.57 2.51 2.53 2.55 2.55 2.50 2.52 2.54
Profit before tax -8.26 -10.85 -10.92 -9.49 -10.37 -10.76 -7.35 -5.32 -1.20 -1.55 -5.30 -5.54 -9.44
Tax % 0.00% 0.00% 111.26% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Profit -8.26 -10.85 1.23 -9.49 -10.37 -10.76 -7.35 -5.32 -1.20 -1.55 -5.30 -5.54 -9.44
EPS in Rs -2.67 -3.51 0.40 -3.07 -3.35 -3.48 -2.38 -1.72 -0.39 -0.50 -1.71 -1.79 -3.05
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
425 426 462 610 554 496 532 523 549 393 148 143 112
348 415 437 551 521 448 478 492 514 394 152 124 106
Operating Profit 77 11 25 59 34 49 54 31 34 -1 -4 19 7
OPM % 18% 3% 5% 10% 6% 10% 10% 6% 6% -0% -3% 14% 6%
4 1 1 1 1 1 6 10 2 2 0 0 0
Interest 21 28 29 35 31 37 35 33 29 27 24 23 19
Depreciation 20 20 20 19 12 12 12 10 10 10 10 10 10
Profit before tax 39 -36 -23 6 -8 1 13 -3 -3 -36 -38 -13 -22
Tax % 35% 35% 32% 24% 21% -37% 24% -62% 23% 34% 0% 0%
Net Profit 25 -24 -16 4 -6 1 10 -4 -2 -24 -38 -13 -22
EPS in Rs 8.20 -7.62 -5.12 1.37 -2.10 0.25 3.24 -1.41 -0.76 -7.77 -12.28 -4.33 -7.05
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -10%
5 Years: -23%
3 Years: -36%
TTM: -26%
Compounded Profit Growth
10 Years: 4%
5 Years: %
3 Years: %
TTM: 11%
Stock Price CAGR
10 Years: 2%
5 Years: -19%
3 Years: 25%
1 Year: 14%
Return on Equity
10 Years: -25%
5 Years: -37%
3 Years: -77%
Last Year: -226%

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 Sep 2022
38 38 49 51 51 51 31 44 45 47 49 51 31
Reserves 15 -9 -24 -20 -27 -26 36 31 27 3 -37 -51 -64
297 308 302 302 259 229 247 194 167 132 146 145 107
58 52 78 79 85 88 68 103 123 104 88 81 114
Total Liabilities 402 383 386 392 348 322 382 358 348 270 228 206 188
232 225 208 196 191 185 227 212 200 190 178 167 70
CWIP 0 6 5 0 4 0 0 0 0 0 0 0 0
Investments 0 0 0 2 4 2 1 1 0 0 0 0 0
169 152 173 194 149 136 154 145 148 80 50 39 118
Total Assets 402 383 386 392 348 322 382 358 348 270 228 206 188

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
15 36 31 35 75 65 47 48 38 51 -1 -1
-8 -18 -11 -2 -12 0 12 7 3 2 1 -0
-11 -16 -21 -30 -67 -62 -59 -57 -39 -55 1 -1
Net Cash Flow -4 2 -2 3 -4 3 -1 -3 2 -2 1 -2

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 22 37 19 13 11 29 30 39 23 26 21
Inventory Days 157 105 83 93 71 82 86 75 62 33 66 79
Days Payable 33 30 47 40 50 63 57 80 95 100 198 228
Cash Conversion Cycle 141 97 74 72 33 30 58 26 5 -45 -106 -128
Working Capital Days 80 61 48 45 16 2 42 30 18 -24 -87 -93
ROCE % 18% -2% 2% 12% 7% 14% 15% 7% 10% -4% -8% 6%

Shareholding Pattern

Numbers in percentages

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
65.00 65.00 65.00 65.00 65.00 65.00 65.00 65.00 65.00 65.00 65.00 65.00
0.06 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02
34.94 34.99 34.99 34.99 34.99 34.99 34.99 34.99 34.99 34.99 34.99 34.99

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

Please click on the line-items to see the names of individual entities.

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