Prag Bosimi Synthetics Ltd
Prag Bosimi Synthetics Ltd was incorporated in 1987 by the Government of Assam through Assam Industrial Development Corporation Limited (AIDC) and Mr. H. B. Vyas Group. The company is engaged in the Polyester Yarn business. It is the only Polyester Yarn project in the entire North East India. [1]
- Market Cap ₹ 21.2 Cr.
- Current Price ₹ 2.85
- High / Low ₹ 6.80 / 1.60
- Stock P/E
- Book Value ₹ 4.24
- Dividend Yield 0.00 %
- ROCE -9.59 %
- ROE -56.5 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.67 times its book value
- Debtor days have improved from 66.71 to 42.69 days.
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 7.07% over past five years.
- Company has a low return on equity of -29.41% for last 3 years.
- Contingent liabilities of Rs.31.16 Cr.
- Company might be capitalizing the interest cost
* 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 - Manmade
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2012 | Sep 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 100 | 2 | 138 | 2 | 23 | 58 | 18 | 2 | 3 | |
| 7 | 101 | 7 | 127 | 8 | 36 | 64 | 24 | 4 | 20 | |
| Operating Profit | -6 | -0 | -6 | 11 | -6 | -13 | -6 | -6 | -3 | -17 |
| OPM % | -1,114% | -0% | -357% | 8% | -245% | -54% | -10% | -34% | -174% | -492% |
| 11 | 0 | 0 | 1 | 4 | 1 | 1 | 1 | 1 | 2 | |
| Interest | 14 | 19 | 19 | 13 | 6 | 6 | 2 | 6 | 6 | 6 |
| Depreciation | 4 | 8 | 12 | 9 | 10 | 4 | 4 | 4 | 4 | 5 |
| Profit before tax | -12 | -27 | -37 | -10 | -18 | -21 | -11 | -16 | -12 | -25 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | -5% | 0% | 0% |
| Net Profit | -12 | -27 | -37 | -10 | -18 | -21 | -11 | -16 | -12 | -25 |
| EPS in Rs | -1.63 | -3.59 | -4.97 | -1.40 | -2.48 | -2.86 | -1.52 | -2.22 | -1.64 | -3.35 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 20% |
| 5 Years: | 7% |
| 3 Years: | -61% |
| TTM: | 110% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -1% |
| 5 Years: | -8% |
| 3 Years: | % |
| TTM: | -104% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -8% |
| 5 Years: | -13% |
| 3 Years: | -2% |
| 1 Year: | 73% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | -24% |
| 3 Years: | -29% |
| Last Year: | -57% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2012 | Sep 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 156 | 74 | 74 | 74 | 74 | 91 | 93 | 93 | 93 | 93 | |
| Reserves | -33 | 22 | 4 | 35 | 22 | 1 | -10 | -24 | -36 | -61 |
| Borrowings | 126 | 142 | 143 | 161 | 165 | 159 | 170 | 171 | 158 | 157 |
| 95 | 58 | 26 | 14 | 17 | 54 | 47 | 50 | 56 | 51 | |
| Total Liabilities | 262 | 295 | 246 | 284 | 279 | 289 | 284 | 274 | 255 | 239 |
| 225 | 219 | 207 | 198 | 206 | 209 | 206 | 202 | 198 | 177 | |
| CWIP | 0 | 1 | 1 | 2 | 6 | 13 | 18 | 19 | 21 | 28 |
| Investments | 0 | 0 | 0 | 4 | 26 | 13 | 11 | 11 | 0 | 0 |
| 37 | 75 | 38 | 81 | 40 | 54 | 48 | 41 | 36 | 34 | |
| Total Assets | 262 | 295 | 246 | 284 | 279 | 289 | 284 | 274 | 255 | 239 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2012 | Sep 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -14 | -4 | 10 | -18 | -6 | -2 | 3 | ||||
| -2 | -1 | -1 | 2 | -6 | -0 | 10 | ||||
| 16 | 9 | -8 | 13 | 12 | 3 | -14 | ||||
| Net Cash Flow | -0 | 4 | 2 | -2 | -0 | 1 | -1 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2012 | Sep 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 248 | 153 | 57 | 0 | 171 | 206 | 60 | 77 | 81 | 43 |
| Inventory Days | 47 | 3,115 | 30 | 2,591 | 212 | 83 | 271 | 2,248 | 789 | |
| Days Payable | 153 | 295 | 5 | 1,641 | 221 | 58 | 95 | 756 | 354 | |
| Cash Conversion Cycle | 248 | 47 | 2,877 | 25 | 1,121 | 197 | 85 | 253 | 1,572 | 478 |
| Working Capital Days | 2,379 | 56 | 2,076 | 24 | 1,030 | 201 | 95 | 238 | 1,438 | 539 |
| ROCE % | -3% | -8% | 1% | -5% | -6% | -4% | -4% | -3% | -10% |
Documents
Announcements
- Audited Financial Results (I.E. Standalone & Consolidated) For The Quarter And Year Ended March 31, 2022 Along With The Statement Of Assets & Liabilities Of The Company And Cash Flow Statement As On That Date. 3h
- Board Meeting Outcome for Outcome Of Board Meeting Held Today 17Th May 2022 3h
- Board Meeting Intimation for Consider And Approve Of Financial Result For The Year Ended 31St March 2022 10 May
- Compliance Certificate Under Regulation 40(9) Of The SEBI (LODR), 2015 For The Year Ended 31St March, 2022. 30 Apr
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 29 Apr
Revenue (FY21)
Yarn: 11% in FY21 vs 53% in FY20
Packaging: 3% in FY21 vs 11.5% in FY20
Knitted Fabrics: 27% in FY21 vs 17% in FY20
Others: 59% in FY1 vs 18.5% in FY20
As Prag Bosimi could not generate sufficient revenue to meet its expenses, Mr. Vyas provided his personal money in the Prag Bosimi Synthetics Ltd of around Rs. 100 Crores as Unsecured Loan without any interest [1] [2]