Visagar Polytex Ltd

₹ 1.25 4.17%
02 Dec - close price
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.

  • Market Cap 36.6 Cr.
  • Current Price 1.25
  • High / Low 3.44 / 1.04
  • Stock P/E
  • Book Value 0.61
  • Dividend Yield 0.00 %
  • ROCE 0.36 %
  • ROE -3.04 %
  • Face Value 1.00

Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -46.5% over past five years.
  • Promoter holding is low: 5.63%
  • Company has a low return on equity of -23.5% over last 3 years.
  • Company might be capitalizing the interest cost
  • Company has high debtors of 1,189 days.
  • Promoter holding has decreased over last 3 years: -19.5%
  • Working capital days have increased from 1,649 days to 2,327 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

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
3.72 3.01 1.77 1.43 1.41 1.47 0.51 0.72 1.39 1.06 0.38 0.13 0.40
2.69 2.61 0.99 1.83 1.27 1.28 -0.11 0.50 1.50 0.56 0.21 0.26 0.29
Operating Profit 1.03 0.40 0.78 -0.40 0.14 0.19 0.62 0.22 -0.11 0.50 0.17 -0.13 0.11
OPM % 27.69% 13.29% 44.07% -27.97% 9.93% 12.93% 121.57% 30.56% -7.91% 47.17% 44.74% -100.00% 27.50%
-16.00 0.02 0.01 0.00 0.00 0.00 0.30 0.00 0.00 0.00 0.01 0.09 0.00
Interest 0.25 0.32 -0.49 0.00 0.09 0.02 0.05 0.01 0.26 0.26 0.15 0.16 0.17
Depreciation 0.00 0.00 0.74 0.00 0.00 0.00 0.64 0.14 0.14 0.14 0.27 0.16 0.16
Profit before tax -15.22 0.10 0.54 -0.40 0.05 0.17 0.23 0.07 -0.51 0.10 -0.24 -0.36 -0.22
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%
Net Profit -15.22 0.10 0.53 -0.40 0.05 0.17 0.22 0.07 -0.51 0.10 -0.24 -0.37 -0.22
EPS in Rs -0.52 0.00 0.02 -0.01 0.00 0.01 0.01 0.00 -0.02 0.00 -0.01 -0.01 -0.01
Raw PDF

Profit & Loss

Figures in Rs. Crores

Jun 2011 Jun 2012 Jun 2013 Jun 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
54.03 59.24 62.21 70.47 60.60 102.76 81.15 82.27 53.83 10.17 4.81 3.56 1.97
52.40 56.53 58.94 67.37 56.32 99.75 77.19 78.18 51.52 23.60 4.25 2.78 1.32
Operating Profit 1.63 2.71 3.27 3.10 4.28 3.01 3.96 4.09 2.31 -13.43 0.56 0.78 0.65
OPM % 3.02% 4.57% 5.26% 4.40% 7.06% 2.93% 4.88% 4.97% 4.29% -132.06% 11.64% 21.91% 32.99%
0.03 0.01 0.03 0.02 0.04 0.02 0.02 0.03 0.08 0.14 0.30 0.01 0.10
Interest 0.39 0.82 1.16 1.21 0.90 1.02 1.35 1.41 1.30 0.32 0.17 0.67 0.74
Depreciation 0.13 0.70 1.00 0.75 1.11 1.86 0.97 1.00 0.87 0.74 0.64 0.69 0.73
Profit before tax 1.14 1.20 1.14 1.16 2.31 0.15 1.66 1.71 0.22 -14.35 0.05 -0.57 -0.72
Tax % 16.67% 16.67% 17.54% 12.93% 25.97% 33.33% 18.07% 17.54% 27.27% 0.00% 0.00% 0.00%
Net Profit 0.95 1.00 0.94 1.01 1.71 0.11 1.36 1.41 0.16 -14.35 0.04 -0.57 -0.73
EPS in Rs 0.04 0.04 0.04 0.04 0.07 0.00 0.06 0.06 0.01 -0.49 0.00 -0.02 -0.03
Dividend Payout % 16.84% 16.80% 17.87% 16.63% 9.82% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -24%
5 Years: -46%
3 Years: -60%
TTM: -52%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -1360%
Stock Price CAGR
10 Years: -22%
5 Years: -4%
3 Years: 71%
1 Year: 19%
Return on Equity
10 Years: -4%
5 Years: -11%
3 Years: -24%
Last Year: -3%

Balance Sheet

Figures in Rs. Crores

Jun 2011 Jun 2012 Jun 2013 Jun 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
1.60 1.68 1.68 1.68 1.68 18.47 24.62 24.62 29.27 29.27 29.27 29.27 29.27
Reserves 9.65 20.97 21.72 22.53 24.04 6.70 1.90 3.31 4.03 -10.32 -10.28 -10.77 -11.44
4.08 8.03 9.74 8.79 9.86 12.12 11.20 11.37 9.69 10.05 9.47 8.09 8.04
10.49 8.61 13.31 22.86 25.66 5.24 14.31 26.79 16.35 4.90 6.72 2.36 2.17
Total Liabilities 25.82 39.29 46.45 55.86 61.24 42.53 52.03 66.09 59.34 33.90 35.18 28.95 28.04
2.25 6.85 6.00 5.46 4.72 7.62 6.67 7.04 6.29 5.55 4.93 4.28 3.95
CWIP 1.25 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 0.16 0.14 0.00 0.00 0.00 0.00
22.16 32.28 40.29 50.24 56.36 34.75 45.20 58.89 52.91 28.35 30.25 24.67 24.09
Total Assets 25.82 39.29 46.45 55.86 61.24 42.53 52.03 66.09 59.34 33.90 35.18 28.95 28.04

Cash Flows

Figures in Rs. Crores

Jun 2011 Jun 2012 Jun 2013 Jun 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
0.67 -8.97 0.64 1.37 0.10 3.21 0.17 -1.19 -3.65 -0.13 -0.06 0.18
-2.37 -5.30 -0.14 -0.21 -0.36 -4.76 -0.03 -1.37 -0.12 0.00 -0.02 -0.04
1.74 14.35 -0.52 -1.28 0.26 1.60 0.00 2.52 3.91 0.00 0.00 -0.19
Net Cash Flow 0.04 0.08 -0.02 -0.12 -0.01 0.05 0.14 -0.03 0.14 -0.14 -0.08 -0.04

Ratios

Figures in Rs. Crores

Jun 2011 Jun 2012 Jun 2013 Jun 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 104.03 149.91 160.35 156.21 197.38 30.69 79.21 138.82 164.36 612.64 1,347.69 1,189.33
Inventory Days 31.58 38.36 69.17 116.57 152.45 96.40 129.40 119.09 188.81 146.96 952.38 1,948.43
Days Payable 72.17 54.78 84.30 136.61 167.13 18.97 65.36 113.34 106.40 49.95 465.40 134.01
Cash Conversion Cycle 63.44 133.48 145.22 136.18 182.69 108.11 143.24 144.57 246.77 709.65 1,834.67 3,003.75
Working Capital Days 72.15 140.42 151.96 137.83 178.83 100.70 132.15 143.30 245.73 840.54 1,778.71 2,327.39
ROCE % 10.94% 8.78% 7.21% 7.17% 9.34% 3.21% 8.03% 8.10% 3.67% -39.34% 0.77% 0.36%

Shareholding Pattern

Numbers in percentages

8 recently
Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
25.12 25.12 25.12 25.12 25.12 25.12 25.12 5.63 5.63 5.63 5.63 5.63
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.66 0.07 0.08
0.21 0.06 0.06 0.04 0.04 0.04 0.04 0.04 0.03 0.03 0.03 0.00
74.67 74.81 74.82 74.84 74.84 74.84 74.84 94.33 94.34 93.68 94.27 94.30

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

Please click on the line-items to see the names of individual entities.

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