Vera Synthetic Ltd

Vera Synthetic Ltd

₹ 47.0 -9.62%
14 May 2024
About

Incorporated in 2000, Vera Synthetic Ltd manufactures fishing nets ropes, twines yarns, and mainly high density plastic products[1]

Key Points

Business Overview:[1]
Company manufactures and trades all types of yarn, fibres, fabrics, cotton, synthetics, wool, flax, hemp, jute, poly propylene, synthetic fibre, nylon, polyester weather textile, netted or looped and also fibrous or textile substances. It mainly manufactures Fishing Nets, Fishing Yarns and Fishing Ropes under trade name of Sujlon

  • Market Cap 23.2 Cr.
  • Current Price 47.0
  • High / Low 99.2 / 47.0
  • Stock P/E 12.9
  • Book Value 38.3
  • Dividend Yield 0.00 %
  • ROCE 12.5 %
  • ROE 9.40 %
  • Face Value 10.0

Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 3.15% over past five years.
  • Company has a low return on equity of 10.4% over last 3 years.

* 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

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Half Yearly Results

Figures in Rs. Crores

Sep 2019 Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023
18.01 15.56 14.70 13.43 17.40 17.58 19.61 40.71 21.55
16.37 13.97 12.42 13.36 16.57 15.35 17.93 37.78 21.21
Operating Profit 1.64 1.59 2.28 0.07 0.83 2.23 1.68 2.93 0.34
OPM % 9.11% 10.22% 15.51% 0.52% 4.77% 12.68% 8.57% 7.20% 1.58%
0.00 0.00 0.00 1.03 0.31 -0.05 0.05 0.17 0.01
Interest 0.10 0.09 0.07 0.09 0.07 0.09 0.07 0.16 0.05
Depreciation 0.31 0.37 0.30 0.31 0.34 0.17 0.21 0.49 0.54
Profit before tax 1.23 1.13 1.91 0.70 0.73 1.92 1.45 2.45 -0.24
Tax % 27.64% 15.93% 29.84% 27.14% 26.03% 25.52% 24.14% 25.71% -4.17%
0.90 0.96 1.35 0.51 0.54 1.42 1.09 1.82 -0.25
EPS in Rs 1.82 1.95 2.74 1.03 1.09 2.88 2.21 3.69 -0.51
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
20.23 19.58 24.32 21.89 18.13 22.15 33.73 32.29 27.76 34.98 40.71 39.38
19.14 18.67 23.37 21.02 17.17 19.86 31.03 29.22 25.43 31.93 37.78 35.74
Operating Profit 1.09 0.91 0.95 0.87 0.96 2.29 2.70 3.07 2.33 3.05 2.93 3.64
OPM % 5.39% 4.65% 3.91% 3.97% 5.30% 10.34% 8.00% 9.51% 8.39% 8.72% 7.20% 9.24%
0.00 0.18 0.18 0.06 0.02 0.10 0.17 0.17 1.05 0.26 0.17 0.07
Interest 0.40 0.33 0.35 0.13 0.10 0.37 0.25 0.19 0.16 0.16 0.16 0.08
Depreciation 0.45 0.28 0.38 0.40 0.26 0.48 0.65 0.67 0.61 0.51 0.49 1.18
Profit before tax 0.24 0.48 0.40 0.40 0.62 1.54 1.97 2.38 2.61 2.64 2.45 2.45
Tax % 29.17% 31.25% 90.00% 32.50% 32.26% 31.17% 28.93% 21.85% 28.74% 25.76% 25.71% 27.35%
0.16 0.33 0.05 0.27 0.43 1.06 1.40 1.85 1.86 1.97 1.82 1.80
EPS in Rs 0.89 1.83 0.28 1.50 2.39 2.94 2.84 3.75 3.77 3.99 3.69 3.65
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 7%
5 Years: 3%
3 Years: 12%
TTM: -3%
Compounded Profit Growth
10 Years: 18%
5 Years: 5%
3 Years: 1%
TTM: -1%
Stock Price CAGR
10 Years: %
5 Years: -11%
3 Years: 16%
1 Year: -50%
Return on Equity
10 Years: 12%
5 Years: 11%
3 Years: 10%
Last Year: 9%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 1.80 1.80 1.80 1.80 1.80 3.60 4.94 4.94 4.94 4.94 4.94 4.94
Reserves 0.66 1.61 2.40 2.67 2.33 1.58 6.70 8.55 10.41 12.38 14.20 13.95
3.40 3.31 1.27 0.81 0.85 5.01 1.76 1.40 1.82 1.68 1.13 2.27
2.52 1.79 1.59 2.04 2.89 5.12 2.29 3.37 3.44 4.52 2.92 5.37
Total Liabilities 8.38 8.51 7.06 7.32 7.87 15.31 15.69 18.26 20.61 23.52 23.19 26.53
1.97 2.01 2.41 2.40 1.06 3.45 3.97 4.01 4.47 3.05 6.08 6.74
CWIP 0.00 0.37 0.37 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
6.41 6.13 4.28 4.92 6.81 11.86 11.72 14.25 16.14 20.47 17.11 19.79
Total Assets 8.38 8.51 7.06 7.32 7.87 15.31 15.69 18.26 20.61 23.52 23.19 26.53

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0.00 2.60 -0.63 -1.42 1.47 1.23 -1.33 4.04 5.71
0.00 -2.66 -2.85 -1.14 -0.66 -0.92 0.93 -3.51 -1.64
0.00 -0.06 3.57 4.36 -0.65 0.14 -0.37 -0.73 -0.64
Net Cash Flow 0.00 -0.12 0.09 1.80 0.16 0.45 -0.77 -0.20 3.44

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 65.13 54.81 46.83 45.69 36.04 136.28 82.67 92.01 83.36 89.01 82.13
Inventory Days 50.65 13.18 21.15 31.97 38.30 5.46 28.52 51.60 30.23 38.86
Days Payable 11.54 10.23 16.10 7.05 81.62 16.38 23.50 33.41 37.57 14.65
Cash Conversion Cycle 65.13 93.91 49.77 50.74 60.97 92.96 71.76 97.02 101.55 81.67 106.34
Working Capital Days 64.41 78.67 39.77 36.52 21.34 92.44 70.01 86.02 124.65 140.76 107.05
ROCE % 11.02% 12.31% 9.86% 14.04% 25.18% 18.82% 17.96% 16.47% 15.48% 13.29%

Shareholding Pattern

Numbers in percentages

Sep 2018Mar 2019Sep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024
59.25% 59.86% 59.86% 59.86% 59.95% 60.19% 60.19% 60.19% 68.30% 68.30% 68.66% 68.66%
40.76% 40.14% 40.15% 40.15% 40.05% 39.80% 39.82% 39.82% 31.70% 31.70% 31.34% 31.34%
No. of Shareholders 95999292103106999897104109109

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