Winsome Yarns Ltd

Winsome Yarns Ltd

₹ 3.71 1.64%
22 Apr 11:25 a.m.
About

Winsome Yarns is engaged engaged in the business of manufacturing of Yarn, Knitwear and generation of power.

Key Points

Claims against the company
Company's borrowings from certain secured lenders had been assigned by the lending banks to Edelweiss Asset Reconstruction Company Limited (EARC), an Asset Reconstruction Company (ARC).EARC has claimed that it is an assignee of debt recoverable by certain banks from the Company, and the Company has a counter claim against the claimants for the losses caused by them to the Company which are
pending adjudication before the Hon’ble debt Recovery Tribunal.The Company had without prejudice to its rights and without acknowledging its liability, initiated discussions with claimants to settle the disputes, which failed.Indian Overseas Bank has initiated insolvency proceedings against the Company before NCLT which is being
contested by the Company.[1]

  • Market Cap 26.2 Cr.
  • Current Price 3.71
  • High / Low 9.00 / 2.90
  • Stock P/E
  • Book Value -58.7
  • Dividend Yield 0.00 %
  • ROCE -16.4 %
  • ROE %
  • Face Value 10.0

Pros

  • Debtor days have improved from 97.6 to 34.6 days.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -37.8% over past five years.
  • Promoter holding is low: 38.7%
  • Promoters have pledged 95.0% of their holding.

* 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 - Cotton/Blended

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
7.47 12.11 10.13 4.76 10.28 15.80 12.63 6.01 12.91 9.58 2.43 3.42 13.89
9.84 14.35 11.32 7.61 10.98 14.50 10.40 9.48 13.40 18.54 6.77 8.74 8.07
Operating Profit -2.37 -2.24 -1.19 -2.85 -0.70 1.30 2.23 -3.47 -0.49 -8.96 -4.34 -5.32 5.82
OPM % -31.73% -18.50% -11.75% -59.87% -6.81% 8.23% 17.66% -57.74% -3.80% -93.53% -178.60% -155.56% 41.90%
0.00 0.04 0.03 0.03 0.03 0.05 0.14 0.03 0.04 0.02 4.62 0.19 0.37
Interest 0.00 0.06 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 3.72 3.72 3.75 3.73 3.74 3.73 3.66 3.72 3.71 3.15 3.29 3.47 3.47
Profit before tax -6.09 -5.98 -4.91 -6.55 -4.41 -2.38 -1.29 -7.16 -4.16 -12.09 -3.01 -8.60 2.72
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%
-6.09 -5.98 -4.91 -6.55 -4.41 -2.38 -1.29 -7.16 -4.16 -12.09 -3.01 -8.60 2.72
EPS in Rs -0.86 -0.85 -0.69 -0.93 -0.62 -0.34 -0.18 -1.01 -0.59 -1.71 -0.43 -1.22 0.38
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Sep 2013 Sep 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
435 768 404 201 375 371 333 250 107 36 43 31 29
409 687 423 240 384 372 338 261 127 41 43 48 42
Operating Profit 26 81 -19 -38 -9 -0 -5 -10 -20 -6 0 -17 -13
OPM % 6% 11% -5% -19% -2% -0% -2% -4% -19% -16% 0% -55% -44%
4 -25 -7 3 4 2 5 -88 -13 0 0 5 5
Interest 52 86 64 3 6 1 0 0 0 1 0 0 0
Depreciation 23 33 22 9 19 18 17 16 15 15 15 14 13
Profit before tax -45 -62 -112 -47 -30 -17 -18 -115 -48 -21 -15 -26 -21
Tax % 30% -20% 0% 0% 0% -0% 0% 0% -1% 0% 0% 0%
-32 -75 -112 -47 -30 -17 -18 -115 -49 -21 -15 -26 -21
EPS in Rs -4.49 -10.58 -15.79 -6.61 -4.24 -2.43 -2.54 -16.27 -6.88 -3.00 -2.07 -3.74 -2.98
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: -38%
3 Years: -34%
TTM: -38%
Compounded Profit Growth
10 Years: %
5 Years: -6%
3 Years: 7%
TTM: -40%
Stock Price CAGR
10 Years: 5%
5 Years: 37%
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Sep 2013 Sep 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 71 71 71 71 71 71 71 71 71 71 71 71 71
Reserves 45 -30 -141 -189 -220 -237 -255 -370 -418 -439 -453 -480 -486
533 497 539 534 557 558 557 556 557 557 557 557 557
116 176 113 91 82 92 92 76 75 78 81 69 74
Total Liabilities 765 714 581 506 491 483 464 333 284 266 255 217 216
329 309 287 277 258 238 222 207 192 177 162 148 141
CWIP 11 0 0 0 0 0 0 0 0 0 0 0 0
Investments 15 32 27 27 27 27 27 26 26 26 26 26 26
410 373 267 202 206 217 215 101 66 63 68 43 49
Total Assets 765 714 581 506 491 483 464 333 284 266 255 217 216

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Sep 2013 Sep 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-22 109 -7 7 4 -1 1 1 0 -0 -0 -0
-1 -33 6 -2 1 -1 -1 -0 0 0 0 0
-7 -106 -2 -7 -2 -2 -0 -1 -0 -0 0 0
Net Cash Flow -29 -30 -3 -2 3 -4 0 -1 0 -0 -0 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Sep 2013 Sep 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 108 77 108 215 119 119 134 25 52 142 116 35
Inventory Days 194 101 115 87 73 83 67 64 73 661 1,249 173
Days Payable 110 94 69 84 75 89 90 96 228 2,087 3,829 1,079
Cash Conversion Cycle 193 84 154 217 117 112 111 -7 -103 -1,284 -2,464 -872
Working Capital Days 147 56 41 -36 51 108 107 -10 -127 -420 -341 -621
ROCE % 1% 10% -8% -9% -6% -4% -5% -8% -15% -10% -8% -16%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
38.67% 38.67% 38.67% 38.67% 38.67% 38.67% 38.67% 38.67% 38.67% 38.67% 38.67% 38.67%
12.95% 12.95% 12.95% 12.95% 12.95% 12.95% 12.95% 12.95% 12.95% 12.95% 12.95% 12.95%
0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03%
48.36% 48.36% 48.36% 48.36% 48.36% 48.36% 48.36% 48.36% 48.36% 48.36% 48.36% 48.35%
No. of Shareholders 13,13713,13213,12913,12613,12013,11413,11213,11413,11513,58815,21516,682

* 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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