Vera Synthetic Ltd
Incorporated in 2000, Vera Synthetic Ltd manufactures fishing nets ropes, twines yarns, and mainly high density plastic products[1]
- Market Cap ₹ 39.2 Cr.
- Current Price ₹ 79.5
- High / Low ₹ 79.5 / 46.8
- Stock P/E 21.8
- 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
Half Yearly Results
Figures in Rs. Crores
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: | -1% |
3 Years: | 38% |
1 Year: | 39% |
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% |
Documents
Announcements
-
Notice Of Shareholders Meetings-XBRL
26 July 2024 - VERA SYNTHETIC LIMITED has informed about Notice of Shareholders Meeting for Annual General Meeting to be held on 20-Aug-2024
-
Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
24 July 2024 - VERA SYNTHETIC LIMITED has informed about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
23 July 2024 - Vera Synthetic Limited has informed about Certificate under SEBI (Depositories and Participants) Regulations, 2018
-
Book Closure
22 July 2024 - Register of Members & Share Transfer Books of the Company will remain closed from 13-Aug-2024 to 20-Aug-2024 for the purpose of Meeting.
-
Outcome of Board Meeting
22 July 2024 - Vera Synthetic Limited has informed regarding Board meeting held on July 22, 2024.
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