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
- 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.
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Quarterly Results
Figures in Rs. Crores
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% |
Documents
Announcements
- Compliance Under Regulation 23(9) Of The SEBI (LODR) Regulations, 2015 ("Listing Regulations"). 11 Nov
- Scrutinizer'S Report Of Voting Results Of The Extra-Ordinary General Meeting Held On Friday, November 04, 2022 8 Nov
- Proceedings Of The Extra-Ordinary General Meeting Held On Friday, November 04, 2022 5 Nov
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
1 Nov - With reference to Regulation 47(1) (b) of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, enclosing herewith copies of the following newspaper dated 30th October, …
- Adoption Of Unaudited Financial Results For The Quarter Ended 30Th September, 2022 28 Oct
Annual reports
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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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.