Vishal Fabrics Ltd - Stock Valuation and Financial Performance

BSE: 538598 | NSE: VISHAL | Textile | Small Cap

Vishal Fabrics Share Price

18.41 -0.64 -3.36%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Vishal Fabrics

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Vishal Fabrics stock performance -

mw4me loader
P/E Ratio (SA):
14.39
Market Cap:
363.8 Cr.
52-wk low:
14.3
52-wk high:
26.7

Is Vishal Fabrics Ltd an attractive stock to invest in?

1. Is Vishal Fabrics Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Vishal Fabrics Ltd is a average quality company.

2. Is Vishal Fabrics Ltd undervalued or overvalued?

The key valuation ratios of Vishal Fabrics Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Vishal Fabrics Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Vishal Fabrics Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Vishal Fabrics:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Vishal Fabrics Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 7.6%12.2%14.3%5.5%7.4%6.6%8.9%6.7%14%11.1%-
Value Creation
Index
-0.5-0.10.0-0.6-0.5-0.5-0.4-0.50-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2042242743748919981,2979681,5471,5481,415
Sales YoY Gr.-9.6%22.3%36.6%138.5%12.1%29.9%-25.4%59.9%0.1%-
Adj EPS 0.70.60.90.70.80.91.50.93.52.71.3
YoY Gr.--20.8%52.6%-14.9%6.8%15.2%67%-39.5%279.4%-23.5%-
BVPS (₹) 114.25.18.110.11112.513.416.919.820.5
Adj Net
Profit
2.99.314.38.815.617.930.118.16952.825
Cash Flow from Ops. 4.28.821.9-7.3-38.543.646.614.492.373.6-
Debt/CF from Ops. 12.85.42.2-19.1-8.58.27.826.94.14.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 25.3%11.7%6.1%0.1%
Adj EPS 15.7%27.6%20.7%-23.5%
BVPS6.7%14.5%16.5%16.7%
Share Price - -21.6% -5.2% 8.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
6.916.518.76.68.28.6137.12314.66.4
Op. Profit
Mgn %
8.18.19.58.16.27.589.110.48.86.9
Net Profit
Mgn %
1.44.25.22.41.81.82.31.94.53.41.8
Debt to
Equity
1.20.70.61.51.61.71.51.51.10.8-
Working Cap
Days
15715613217014615811717011812978
Cash Conv.
Cycle
8371614030445194738735

Recent Performance Summary

Net Profit is growing at healthy rate in last 3 years 20.66%

Debt to equity has declined versus last 3 years average to 0.81

Return on Equity has declined versus last 3 years average to 6.40%

Sales growth has been subdued in last 3 years 6.08%

Sales growth is not so good in last 4 quarters at -10.78%

Latest Financials - Vishal Fabrics Ltd.

Standalone Consolidated
TTM EPS (₹) 1.3 -
TTM Sales (₹ Cr.) 1,415 -
BVPS (₹.) 20.5 -
Reserves (₹ Cr.) 307 -
P/BV 0.90 -
PE 14.39 -
From the Market
52 Week Low / High (₹) 14.28 / 26.70
All Time Low / High (₹) 3.56 / 160.00
Market Cap (₹ Cr.) 364
Equity (₹ Cr.) 98.8
Face Value (₹) 5
Industry PE 27.9

Management X-Ray of Vishal Fabrics:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *9.779.779.779.779.779.779.889.889.889.88
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Vishal Fabrics

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales2042242743748919981,2979681,5471,548
Operating Expenses 1872052483438369241,1938791,3851,412
Manufacturing Costs9711813216192221182122
Material Costs6457762747408081,0777751,2691,305
Employee Cost 21273445617476647763
Other Costs 4358162020221821
Operating Profit 17182630557510388161136
Operating Profit Margin (%) 8.1%8.1%9.5%8.1%6.2%7.5%8.0%9.1%10.4%8.8%
Other Income 0000112234
Interest 6555232632343837
Depreciation 7336142930263333
Exceptional Items 0000000000
Profit Before Tax 3101819202043309369
Tax 014104313122416
Profit After Tax 39149161830186953
PAT Margin (%) 1.4%4.2%5.2%2.4%1.8%1.8%2.3%1.9%4.5%3.4%
Adjusted EPS (₹)0.20.60.90.80.80.91.50.93.52.7
Dividend Payout Ratio (%)0%0%0%0%0%0%0%18%14%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 44698395199217247265335390
Share Capital 10131313222222339999
Reserves 34567082177195225232236292
Minority Interest0000000000
Debt504547136301327341357348310
Long Term Debt21192599173251225192163134
Short Term Debt2926223712876115164185175
Trade Payables222025108225156139123138118
Others Liabilities 989104363844545749
Total Liabilities 125141164444760738770799878867

Fixed Assets

Gross Block100101124208364407404411470306
Accumulated Depreciation6871748093121141167200131
Net Fixed Assets323051128271286263244270176
CWIP 0513361923303339
Investments 000132222225033
Inventories11141341766166599779
Trade Receivables545461112263246306361393456
Cash Equivalents 161306726212210
Others Assets2733259712393575843103
Total Assets 125141164444760738770799878867

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 4922-7-394447149274
PBT 3101819202043309369
Adjustment 73311365557556167
Changes in Working Capital -5-44-35-90-24-47-59-40-58
Tax Paid -10-3-3-5-8-7-11-22-5
Cash Flow From Investing Activity -1-6-32-110-146-45-14-11-5112
Capex -1-2-23-84-155-49-15-10-30-10
Net Investments 0000-2-1900-2621
Others 0-5-8-2611231-251
Cash Flow From Financing Activity -3351461613-14-8-41-98
Net Proceeds from Shares 216088000000
Net Proceeds from Borrowing 5-3685101-15-25-33-29-29
Interest Paid 000-7-21-23-28-29-31-37
Dividend Paid 0000000-1-10
Others -10-10-1-208241395520-32
Net Cash Flow 05-529-24219-51-12
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)6.9716.5818.819.9410.638.612.997.0823.0414.57
ROCE (%)10.0114.2218.4610.76108.4512.7210.1519.2114.97
Asset Turnover Ratio1.651.681.791.231.481.331.721.251.861.8
PAT to CFO Conversion(x)1.3311.57-0.78-2.442.441.570.781.331.4
Working Capital Days
Receivable Days1078876857793781258899
Inventory Days19201826242518231820
Payable Days12713310889828650623836

Vishal Fabrics Ltd Stock News

Vishal Fabrics Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Vishal Fabrics on 28-Mar-2024 16:01 is ₹18.41.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of Vishal Fabrics stood at ₹363.8.
The latest P/E ratio of Vishal Fabrics as of 28-Mar-2024 16:01 is 14.39.
The latest P/B ratio of Vishal Fabrics as of 28-Mar-2024 16:01 is 0.90.
The 52-week high of Vishal Fabrics is ₹26.70 and the 52-week low is ₹14.28.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Vishal Fabrics is ₹1,415 ( Cr.) .

About Vishal Fabrics Ltd

Vishal Fabrics, incorporated on October 22, 1985 under the Companies Act, 1956, is promoted by Chiripal Industries and is part of the Chiripal Group, Ahmedabad. It is engaged in the business of dyeing, printing and processing of fabrics of its own and also on job work basis. The company mainly procures Grey Fabric and dyes, prints and finishes the same as per the client’s requirements. The processing unit of the company is based in Narol, Ahmedabad in state of Gujarat. The plant has the capacity to print, dye and process wide range of fabrics i.e. cotton, polyester, viscose and man-made & blended fabrics suitable for men’s wear, women’s wear, home furnishing and many other applications. In addition, the company has recently started designing its own range of women wear, especially in lycra fabric for domestic sale. The company intends to gradually increase the scale of its designs. The company develops the designs as per the demand and trends of the customers.

The company was initially engaged in trading of fabrics. Though the company was incorporated in 1985, its activities were almost dormant till the year 1999. During the year 1999-2000, it took over the units of associate concerns, Bhushan Petrofils and Prakash Calender; both located at Narol, Ahmedabad, on lease basis and started the processing of fabrics. Over the years, with a view to expand the installed capacity and broad base the market of its products, the company put up its own Plant & Machinery.

In the year 2003, it set up a captive power plant for production of 2.3 MW power to improve productivity in processing plant. In the year 2005, it increased its processing capacity by installing the Wider Width Unit, which enabled it to process fabrics of up to 120 inch width. In the year 2011, the company further enhanced its processing capacity by setting up a Continuous Bleaching Range (CBR) unit. The CBR unit processes up to 80,000 meters of fabric per day as compared to 2,000 - 8,000 meters fabric in other machines.

Awards & Achievements:

The products processed in the company’s units has been certified by the Oeko-Tex Standard 100 signifying that its products i.e. White, Disperse Dyed and Printed 100% Polyester fabrics meet the human-ecological requirements, Further, the products fulfill the requirements of Annex XVII of REACH (including the use of azo-dyes, nickel, etc) as well the American requirement regarding total content of lead in children’s articles. This certificate has a yearly validity and the company has applied for renewal of the same on April 04, 2014.

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