Visagar Polytex Ltd

Visagar Polytex Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Visagar Polytex Ltd

₹ 1.00 -4.76%
25 Apr - close price
visagarpolytex.in BSE: 506146 NSE - BE : VIVIDHA
About

Incorporated in 1983, Visagar Polytex Ltd is in the business of manufacturing and selling of textiles and readymade fabrics.

Key Points

Business Overview:[1]
Company is in textile manufacturing, trading, wholesaling & retailing activities comprising of a independent and interdependent verticals viz. Ethnic wear, Garment manufacturing, Interlining goods and Contract-based manufacturing.

Website BSE NSE - BE
  • Market Cap ₹ 29.3 Cr.
  • Current Price ₹ 1.00
  • High / Low ₹ 2.12 / 0.80
  • Stock P/E
  • Book Value ₹ 0.55
  • Dividend Yield 0.00 %
  • ROCE -2.69 %
  • ROE -7.86 %
  • Face Value ₹ 1.00
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Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -60.5% over past five years.
  • Promoter holding is low: 5.63%
  • Company has a low return on equity of -3.48% over last 3 years.
  • Promoters have pledged 83.7% of their holding.
  • Company has high debtors of 4,967 days.
  • Promoter holding has decreased over last 3 years: -19.5%
  • Working capital days have increased from 4,811 days to 10,326 days

* 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: Trading Industry: Trading

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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
1.47 0.51 0.72 1.39 1.06 0.38 0.13 0.40 0.26 0.00 0.00 0.00 8.21
1.28 -0.11 0.50 1.50 0.56 0.21 0.26 0.29 -0.23 0.68 0.25 0.08 7.80
Operating Profit 0.19 0.62 0.22 -0.11 0.50 0.17 -0.13 0.11 0.49 -0.68 -0.25 -0.08 0.41
OPM % 12.93% 121.57% 30.56% -7.91% 47.17% 44.74% -100.00% 27.50% 188.46% 4.99%
0.00 0.30 0.00 0.00 0.00 0.01 0.09 0.00 0.06 0.01 0.00 0.00 0.00
Interest 0.02 0.05 0.01 0.26 0.26 0.15 0.16 0.17 0.18 0.19 0.19 0.18 0.17
Depreciation 0.00 0.64 0.14 0.14 0.14 0.27 0.16 0.16 0.16 0.16 0.16 0.16 0.17
Profit before tax 0.17 0.23 0.07 -0.51 0.10 -0.24 -0.36 -0.22 0.21 -1.02 -0.60 -0.42 0.07
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.17 0.22 0.07 -0.51 0.10 -0.24 -0.37 -0.22 0.21 -1.03 -0.60 -0.43 0.08
EPS in Rs 0.01 0.01 0.00 -0.02 0.00 -0.01 -0.01 -0.01 0.01 -0.04 -0.02 -0.01 0.00
Raw PDF

Profit & Loss

Figures in Rs. Crores

Jun 2012 Jun 2013 Jun 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
59.24 62.21 70.47 60.60 102.76 81.15 82.27 53.83 10.17 4.81 3.56 0.79 8.21
56.53 58.94 67.37 56.32 99.75 77.19 78.18 51.52 23.60 4.25 2.78 1.00 8.81
Operating Profit 2.71 3.27 3.10 4.28 3.01 3.96 4.09 2.31 -13.43 0.56 0.78 -0.21 -0.60
OPM % 4.57% 5.26% 4.40% 7.06% 2.93% 4.88% 4.97% 4.29% -132.06% 11.64% 21.91% -26.58% -7.31%
0.01 0.03 0.02 0.04 0.02 0.02 0.03 0.08 0.14 0.30 0.01 0.16 0.01
Interest 0.82 1.16 1.21 0.90 1.02 1.35 1.41 1.30 0.32 0.17 0.67 0.70 0.73
Depreciation 0.70 1.00 0.75 1.11 1.86 0.97 1.00 0.87 0.74 0.64 0.69 0.65 0.65
Profit before tax 1.20 1.14 1.16 2.31 0.15 1.66 1.71 0.22 -14.35 0.05 -0.57 -1.40 -1.97
Tax % 16.67% 17.54% 12.93% 25.97% 33.33% 18.07% 17.54% 27.27% 0.00% 0.00% 0.00% 0.00%
1.00 0.94 1.01 1.71 0.11 1.36 1.41 0.16 -14.35 0.04 -0.57 -1.40 -1.98
EPS in Rs 0.04 0.04 0.04 0.07 0.00 0.06 0.06 0.01 -0.49 0.00 -0.02 -0.05 -0.07
Dividend Payout % 16.80% 17.87% 16.63% 9.82% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -35%
5 Years: -61%
3 Years: -57%
TTM: 602%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 24%
TTM: -219%
Stock Price CAGR
10 Years: -16%
5 Years: 13%
3 Years: 15%
1 Year: 5%
Return on Equity
10 Years: -5%
5 Years: -14%
3 Years: -3%
Last Year: -8%

Balance Sheet

Figures in Rs. Crores

Jun 2012 Jun 2013 Jun 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 1.68 1.68 1.68 1.68 18.47 24.62 24.62 29.27 29.27 29.27 29.27 29.27 29.27
Reserves 20.97 21.72 22.53 24.04 6.70 1.90 3.31 4.03 -10.32 -10.28 -10.77 -12.16 -13.19
8.03 9.74 8.79 9.86 12.12 11.20 11.37 9.69 10.05 9.47 8.09 8.41 9.07
8.61 13.31 22.86 25.66 5.24 14.31 26.79 16.35 4.90 6.72 2.36 1.87 1.65
Total Liabilities 39.29 46.45 55.86 61.24 42.53 52.03 66.09 59.34 33.90 35.18 28.95 27.39 26.80
6.85 6.00 5.46 4.72 7.62 6.67 7.04 6.29 5.55 4.93 4.28 3.63 3.30
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.16 0.16 0.16 0.16 0.16 0.16 0.16 0.14 0.00 0.00 0.00 0.00 0.00
32.28 40.29 50.24 56.36 34.75 45.20 58.89 52.91 28.35 30.25 24.67 23.76 23.50
Total Assets 39.29 46.45 55.86 61.24 42.53 52.03 66.09 59.34 33.90 35.18 28.95 27.39 26.80

Cash Flows

Figures in Rs. Crores

Jun 2012 Jun 2013 Jun 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-8.97 0.64 1.37 0.10 3.21 0.17 -1.19 -3.65 -0.13 -0.06 0.18 -0.39
-5.30 -0.14 -0.21 -0.36 -4.76 -0.03 -1.37 -0.12 0.00 -0.02 -0.04 0.00
14.35 -0.52 -1.28 0.26 1.60 0.00 2.52 3.91 0.00 0.00 -0.19 0.32
Net Cash Flow 0.08 -0.02 -0.12 -0.01 0.05 0.14 -0.03 0.14 -0.14 -0.08 -0.04 -0.07

Ratios

Figures in Rs. Crores

Jun 2012 Jun 2013 Jun 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 149.91 160.35 156.21 197.38 30.69 79.21 138.82 164.36 612.64 1,347.69 1,189.33 4,966.77
Inventory Days 38.36 69.17 116.57 152.45 96.40 129.40 119.09 188.81 146.96 952.38 1,948.43 7,081.00
Days Payable 54.78 84.30 136.61 167.13 18.97 65.36 113.34 106.40 49.95 465.40 134.01 199.09
Cash Conversion Cycle 133.48 145.22 136.18 182.69 108.11 143.24 144.57 246.77 709.65 1,834.67 3,003.75 11,848.68
Working Capital Days 140.42 151.96 137.83 178.83 100.70 132.15 143.30 245.73 840.54 1,778.71 2,327.39 10,326.27
ROCE % 8.78% 7.21% 7.17% 9.34% 3.21% 8.03% 8.10% 3.67% -39.34% 0.77% 0.36% -2.69%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
25.12% 5.63% 5.63% 5.63% 5.63% 5.63% 5.63% 5.63% 5.63% 5.63% 5.63% 5.63%
0.00% 0.00% 0.00% 0.66% 0.07% 0.08% 0.08% 0.00% 0.00% 0.00% 0.00% 0.00%
0.04% 0.04% 0.03% 0.03% 0.03% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
74.84% 94.33% 94.34% 93.68% 94.27% 94.30% 94.28% 94.36% 94.37% 94.36% 94.37% 94.36%
No. of Shareholders 33,85446,88774,4771,02,7351,07,5791,06,7621,04,5161,02,5161,01,1731,05,2601,10,1051,31,458

* 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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