Vishal Fabrics Ltd

Vishal Fabrics Ltd

₹ 22.4 -2.48%
19 Jun 10:27 a.m.
About

Incorporated in 1985, Vishal Fabrics Ltd manufactures and sells various Textile products like Dyed yarn, Denim Fabrics and job work of
Textile products[1]

Key Points

Business Overview:[1][2][3]
VFL is a part of the Ahmedabad-based
Chiripal Group. It is an ISO 9001:2015, ISO 14001:2015, OEKO-TEX certified business
of manufacturing, dyeing, printing, processing denim, and other wide range of fabrics, etc. on its own and also on a job work basis.

  • Market Cap 443 Cr.
  • Current Price 22.4
  • High / Low 26.7 / 14.2
  • Stock P/E 20.9
  • Book Value 20.8
  • Dividend Yield 0.00 %
  • ROCE 9.25 %
  • ROE 5.27 %
  • Face Value 5.00

Pros

  • Stock is trading at 1.10 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 7.75% over past five years.
  • Company has a low return on equity of 13.2% over last 3 years.
  • Dividend payout has been low at 4.77% of profits 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 - Processing

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Quarterly Results

Figures in Rs. Crores

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
388.43 294.93 399.51 426.77 425.55 442.10 343.45 385.47 376.83 328.20 309.08 401.34 411.51
347.35 264.03 357.18 383.06 381.12 397.84 312.35 351.98 350.02 307.55 287.36 372.92 381.36
Operating Profit 41.08 30.90 42.33 43.71 44.43 44.26 31.10 33.49 26.81 20.65 21.72 28.42 30.15
OPM % 10.58% 10.48% 10.60% 10.24% 10.44% 10.01% 9.06% 8.69% 7.11% 6.29% 7.03% 7.08% 7.33%
-0.33 0.10 0.50 0.57 1.92 0.94 0.59 0.31 2.20 0.16 0.05 0.70 0.27
Interest 9.52 8.68 9.02 9.63 10.50 10.43 8.08 9.22 9.63 9.32 7.28 10.23 11.65
Depreciation 7.48 8.43 7.07 7.97 9.96 8.27 8.37 8.39 8.38 8.10 8.21 8.05 8.34
Profit before tax 23.75 13.89 26.74 26.68 25.89 26.50 15.24 16.19 11.00 3.39 6.28 10.84 10.43
Tax % 41.18% 26.28% 26.07% 27.40% 24.06% 28.45% 26.77% 25.76% 2.91% 31.56% 28.98% 27.68% 37.49%
13.97 10.24 19.77 19.37 19.66 18.96 11.16 12.03 10.67 2.32 4.45 7.85 6.52
EPS in Rs 0.71 0.52 1.00 0.98 0.99 0.96 0.56 0.61 0.54 0.12 0.23 0.40 0.33
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
183 204 224 273 373 891 998 1,297 968 1,547 1,548 1,450
166 187 205 247 343 836 924 1,193 879 1,385 1,412 1,349
Operating Profit 17 17 18 26 30 55 75 103 88 161 136 101
OPM % 10% 8% 8% 10% 8% 6% 7% 8% 9% 10% 9% 7%
0 0 0 0 0 1 1 2 2 3 4 1
Interest 7 6 5 5 5 23 26 32 34 38 37 38
Depreciation 8 7 3 3 6 14 29 30 26 33 33 33
Profit before tax 3 3 10 18 19 20 20 43 30 93 69 31
Tax % 22% 12% 6% 20% 54% 21% 13% 31% 39% 26% 23% 32%
2 3 9 14 9 16 18 30 18 69 53 21
EPS in Rs 12.18 0.20 0.47 0.72 0.45 0.79 0.90 1.52 0.92 3.49 2.67 1.07
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 18% 14% 0% 0%
Compounded Sales Growth
10 Years: 22%
5 Years: 8%
3 Years: 14%
TTM: -6%
Compounded Profit Growth
10 Years: 22%
5 Years: 3%
3 Years: 5%
TTM: -59%
Stock Price CAGR
10 Years: %
5 Years: -21%
3 Years: 7%
1 Year: 28%
Return on Equity
10 Years: 11%
5 Years: 12%
3 Years: 13%
Last Year: 5%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 1 10 13 13 13 22 22 22 33 99 99 99
Reserves 38 34 56 70 170 177 195 225 232 236 292 313
56 54 48 49 139 327 357 365 387 378 317 381
28 28 26 33 123 236 168 158 147 165 159 129
Total Liabilities 123 127 143 165 445 761 742 770 799 878 867 922
38 32 30 51 128 271 286 263 244 270 241 217
CWIP 0 0 5 13 36 19 23 30 33 3 9 2
Investments 0 0 0 0 1 3 22 22 22 50 33 50
86 95 108 101 281 469 411 455 499 554 583 653
Total Assets 123 127 143 165 445 761 742 770 799 878 867 922

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
5 4 9 22 -7 -39 44 47 14 92 74 -6
-3 -1 -6 -32 -110 -146 -45 -14 -11 -51 12 -18
-2 -3 3 5 146 161 3 -14 -8 -41 -98 25
Net Cash Flow 0 -0 5 -5 29 -24 2 19 -5 1 -12 1

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 130 97 88 81 110 108 90 86 136 93 108 129
Inventory Days 39 33 33 25 54 38 27 22 28 28 22 26
Days Payable 82 68 47 47 144 111 70 47 58 40 33 26
Cash Conversion Cycle 87 61 73 59 20 35 47 61 106 81 97 129
Working Capital Days 100 99 93 67 87 73 74 70 127 89 101 134
ROCE % 10% 10% 14% 18% 11% 10% 8% 13% 10% 19% 15%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
67.55% 69.75% 69.75% 69.75% 69.75% 69.75% 69.76% 69.00% 69.00% 69.00% 69.00% 69.00%
5.72% 5.89% 5.64% 5.66% 5.61% 5.12% 4.77% 4.73% 4.40% 3.85% 3.73% 3.68%
26.73% 24.36% 24.61% 24.60% 24.64% 25.14% 25.47% 26.27% 26.59% 27.16% 27.28% 27.32%
No. of Shareholders 16,21116,82316,86925,41527,78430,04531,40531,38931,46533,19134,40936,058

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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