Vishal Fabrics Ltd

Vishal Fabrics Ltd

₹ 22.7 -1.94%
27 Feb 4:01 p.m.
About

Vishal Fabrics Ltd (VFL) is engaged in manufacturing and selling of various Textile products like Dyed yarn, Denim Fabrics and job work of Textile products. [1]

Key Points

Portfolio[1]
The company is primarily engaged in dyeing, printing and processing of fabrics of its own and on a job work basis. The Company procures gray fabric and dyes, prints and finishes them as per client requirements. VFL has entered into denim processing business.

  • Market Cap 449 Cr.
  • Current Price 22.7
  • High / Low 26.7 / 14.2
  • Stock P/E 17.7
  • Book Value 20.1
  • Dividend Yield 0.00 %
  • ROCE 14.6 %
  • ROE 14.1 %
  • Face Value 5.00

Pros

  • Stock is trading at 1.16 times its book value
  • Company has delivered good profit growth of 26.8% CAGR over last 5 years

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 11.7% over past five 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

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
292.19 388.43 294.93 399.51 426.77 425.55 442.10 343.45 385.47 376.83 328.20 309.08 401.34
267.86 347.35 264.03 357.18 383.06 381.12 397.84 312.35 351.98 350.02 307.55 287.36 372.92
Operating Profit 24.33 41.08 30.90 42.33 43.71 44.43 44.26 31.10 33.49 26.81 20.65 21.72 28.42
OPM % 8.33% 10.58% 10.48% 10.60% 10.24% 10.44% 10.01% 9.06% 8.69% 7.11% 6.29% 7.03% 7.08%
1.87 -0.33 0.10 0.50 0.57 1.92 0.94 0.59 0.31 2.20 0.16 0.05 0.70
Interest 7.93 9.52 8.68 9.02 9.63 10.50 10.43 8.08 9.22 9.63 9.32 7.28 10.23
Depreciation 7.45 7.48 8.43 7.07 7.97 9.96 8.27 8.37 8.39 8.38 8.10 8.21 8.05
Profit before tax 10.82 23.75 13.89 26.74 26.68 25.89 26.50 15.24 16.19 11.00 3.39 6.28 10.84
Tax % 9.24% 41.18% 26.28% 26.07% 27.40% 24.06% 28.45% 26.77% 25.76% 2.91% 31.56% 28.98% 27.68%
9.82 13.97 10.24 19.77 19.37 19.66 18.96 11.16 12.03 10.67 2.32 4.45 7.85
EPS in Rs 0.50 0.71 0.52 1.00 0.98 0.99 0.96 0.56 0.61 0.54 0.12 0.23 0.40
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
146 183 204 224 273 373 891 998 1,297 968 1,547 1,548 1,415
131 166 187 205 247 343 836 924 1,193 879 1,385 1,412 1,318
Operating Profit 15 17 17 18 26 30 55 75 103 88 161 136 98
OPM % 11% 10% 8% 8% 10% 8% 6% 7% 8% 9% 10% 9% 7%
1 0 0 0 0 0 1 1 2 2 3 4 3
Interest 7 7 6 5 5 5 23 26 32 34 38 37 36
Depreciation 8 8 7 3 3 6 14 29 30 26 33 33 33
Profit before tax 1 3 3 10 18 19 20 20 43 30 93 69 32
Tax % 46% 22% 12% 6% 20% 54% 21% 13% 31% 39% 26% 23%
1 2 3 9 14 9 16 18 30 18 69 53 25
EPS in Rs 3.88 12.18 0.20 0.47 0.72 0.45 0.79 0.90 1.52 0.92 3.49 2.67 1.29
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 18% 14% 0%
Compounded Sales Growth
10 Years: 24%
5 Years: 12%
3 Years: 6%
TTM: -11%
Compounded Profit Growth
10 Years: 38%
5 Years: 27%
3 Years: 19%
TTM: -59%
Stock Price CAGR
10 Years: %
5 Years: -18%
3 Years: 4%
1 Year: 21%
Return on Equity
10 Years: 13%
5 Years: 14%
3 Years: 15%
Last Year: 14%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 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 1 10 13 13 13 22 22 22 33 99 99 99
Reserves 36 38 34 56 70 170 177 195 225 232 236 292 299
61 56 54 48 49 139 327 357 365 387 378 317 314
19 28 28 26 33 123 236 168 158 147 165 159 152
Total Liabilities 117 123 127 143 165 445 761 742 770 799 878 867 864
43 38 32 30 51 128 271 286 263 244 270 241 232
CWIP 0 0 0 5 13 36 19 23 30 33 3 9 2
Investments 0 0 0 0 0 1 3 22 22 22 50 33 33
75 86 95 108 101 281 469 411 455 499 554 583 597
Total Assets 117 123 127 143 165 445 761 742 770 799 878 867 864

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-12 5 4 9 22 -7 -39 44 47 14 92 74
-5 -3 -1 -6 -32 -110 -146 -45 -14 -11 -51 12
17 -2 -3 3 5 146 161 3 -14 -8 -41 -98
Net Cash Flow -0 0 -0 5 -5 29 -24 2 19 -5 1 -12

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 130 130 97 88 81 110 108 90 86 136 93 108
Inventory Days 36 39 33 33 25 54 38 27 22 28 28 22
Days Payable 0 82 68 47 47 144 111 70 47 58 40 33
Cash Conversion Cycle 167 87 61 73 59 20 35 47 61 106 81 97
Working Capital Days 128 100 99 93 67 87 73 74 70 127 89 101
ROCE % 9% 10% 10% 14% 18% 11% 10% 8% 13% 10% 19% 15%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
68.14% 67.55% 69.75% 69.75% 69.75% 69.75% 69.75% 69.76% 69.00% 69.00% 69.00% 69.00%
5.89% 5.72% 5.89% 5.64% 5.66% 5.61% 5.12% 4.77% 4.73% 4.40% 3.85% 3.73%
25.98% 26.73% 24.36% 24.61% 24.60% 24.64% 25.14% 25.47% 26.27% 26.59% 27.16% 27.28%
No. of Shareholders 16,00316,21116,82316,86925,41527,78430,04531,40531,38931,46533,19134,409

* 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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Documents

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