Winsome Yarns Ltd

Winsome Yarns Ltd

₹ 3.75 0.00%
23 Feb - close price
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 26.5 Cr.
  • Current Price 3.75
  • High / Low 9.00 / 3.25
  • Stock P/E
  • Book Value -57.8
  • Dividend Yield 0.00 %
  • ROCE -16.3 %
  • ROE %
  • Face Value 10.0

Pros

  • Debtor days have improved from 100 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
19.34 6.00 7.47 12.11 10.13 4.76 10.28 15.80 12.63 6.01 12.91 9.58 2.43
27.15 6.85 9.85 14.36 11.32 7.61 10.98 14.50 10.40 9.48 13.40 18.54 6.77
Operating Profit -7.81 -0.85 -2.38 -2.25 -1.19 -2.85 -0.70 1.30 2.23 -3.47 -0.49 -8.96 -4.34
OPM % -40.38% -14.17% -31.86% -18.58% -11.75% -59.87% -6.81% 8.23% 17.66% -57.74% -3.80% -93.53% -178.60%
0.53 0.34 0.00 0.04 0.03 0.03 0.03 0.05 0.14 0.03 0.04 0.02 4.62
Interest 0.02 0.00 0.00 0.06 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 3.81 3.74 3.72 3.72 3.75 3.73 3.74 3.73 3.66 3.72 3.71 3.15 3.29
Profit before tax -11.11 -4.25 -6.10 -5.99 -4.91 -6.55 -4.41 -2.38 -1.29 -7.16 -4.16 -12.09 -3.01
Tax % -3.96% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-11.55 -4.25 -6.10 -5.99 -4.91 -6.55 -4.41 -2.38 -1.29 -7.16 -4.16 -12.09 -3.01
EPS in Rs -1.63 -0.60 -0.86 -0.85 -0.69 -0.93 -0.62 -0.34 -0.18 -1.01 -0.59 -1.71 -0.43
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Sep 2013 Sep 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
455 768 404 201 375 371 333 250 107 36 43 31
432 703 423 240 381 373 338 261 127 41 43 48
Operating Profit 22 65 -19 -38 -6 -2 -5 -10 -20 -6 0 -17
OPM % 5% 8% -5% -19% -2% -1% -2% -4% -19% -16% 0% -55%
8 -10 -7 3 4 2 5 -88 -13 0 0 5
Interest 52 86 64 3 9 1 0 0 0 1 0 0
Depreciation 23 33 22 9 19 18 17 16 15 15 15 14
Profit before tax -45 -64 -112 -47 -30 -19 -18 -115 -48 -21 -15 -26
Tax % 30% -19% 0% 0% 0% -0% 0% 0% -1% 0% 0% 0%
-31 -76 -112 -47 -30 -19 -18 -115 -49 -21 -15 -26
EPS in Rs -4.45 -10.76 -15.82 -6.62 -4.24 -2.69 -2.55 -16.28 -6.89 -3.00 -2.07 -3.74
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: -29%
Compounded Profit Growth
10 Years: %
5 Years: -6%
3 Years: 7%
TTM: -81%
Stock Price CAGR
10 Years: 1%
5 Years: 33%
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Sep 2013 Sep 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity Capital 71 71 71 71 71 71 71 71 71 71 71 71
Reserves 48 -28 -139 -188 -218 -237 -255 -370 -418 -439 -453 -480
533 497 539 534 557 558 557 556 557 557 557 557
117 176 113 91 82 92 92 77 75 78 82 69
Total Liabilities 768 716 584 508 493 483 465 334 284 266 256 217
329 309 287 277 258 238 222 207 192 177 162 148
CWIP 11 0 0 0 0 0 0 0 0 0 0 0
Investments 0 32 27 27 27 27 27 26 26 26 26 26
429 375 270 204 208 218 216 101 67 64 68 43
Total Assets 768 716 584 508 493 483 465 334 284 266 256 217

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Sep 2013 Sep 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-23 108 -8 7 4 -1 1 1 0 -0 -0 -0
1 -32 6 -3 1 -1 -0 -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

Consolidated Figures in Rs. Crores / View Standalone

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 109 77 111 218 121 119 134 26 53 147 120 35
Inventory Days 183 101 115 87 73 83 67 64 73 661 1,249 173
Days Payable 104 95 70 85 75 89 90 97 229 2,092 3,838 1,079
Cash Conversion Cycle 189 84 156 220 119 112 111 -6 -102 -1,285 -2,469 -872
Working Capital Days 154 57 42 -33 53 108 107 -10 -127 -420 -341 -621
ROCE % 1% 7% -8% -9% -5% -5% -5% -8% -15% -10% -8% -16%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
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% 48.36%
No. of Shareholders 13,13713,13713,13213,12913,12613,12013,11413,11213,11413,11513,58815,215

* 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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