Premier Synthetics Ltd - Stock Valuation and Financial Performance

BSE: 509835 | NSE: | Textile - Spinning | Small Cap

Premier Synthetics Share Price

13.35 -0.70 -4.98%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Premier Synthetics

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Premier Synthetics stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
6.1 Cr.
52-wk low:
10.8
52-wk high:
30

Is Premier Synthetics Ltd an attractive stock to invest in?

1. Is Premier Synthetics Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Premier Synthetics Ltd is a below average quality company.

2. Is Premier Synthetics Ltd undervalued or overvalued?

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

3. Is Premier Synthetics Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Premier Synthetics 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 Premier Synthetics:

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.
Premier Synthetics Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 10%3.2%3%3.4%4.2%4.3%0.2%3.9%5.8%-1.1%-
Value Creation
Index
-0.3-0.8-0.8-0.8-0.7-0.7-1.0-0.7-0.6-1.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 22.416.2149.646.346.442.924.458.352.757
Sales YoY Gr.--27.7%-13.6%-31.4%383.2%0%-7.4%-43.2%139.4%-9.7%-
Adj EPS 7.81.521.62.53.903.55.3-1.8-1.1
YoY Gr.--81.1%37.8%-22.6%60.8%54.3%-99.2%11500%51.7%-133.7%-
BVPS (₹) -6.5-27.7-28-26.420.224.635.238.343.428.924.9
Adj Net
Profit
2.90.50.70.61.21.801.62.4-0.8-1
Cash Flow from Ops. 10.24.98.3-1.4-5.1-1.23.91-2.32.2-
Debt/CF from Ops. 1.94.40.2-9.8-3.3-16.52.49.7-5.94.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 10%2.6%7.1%-9.7%
Adj EPS -184.9%-193.1%-490%-133.7%
BVPSNA7.4%-6.4%-33.4%
Share Price 1.9% -8.5% -6.3% -21.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
21.435.25.97.97.10.157.2-2.6-4.2
Op. Profit
Mgn %
2326.224.423.92.24.11.88.95.31.4-1
Net Profit
Mgn %
12.73.35.362.53.906.64.2-1.6-0.9
Debt to
Equity
2.8-35.8-2-1.41.91.70.60.50.70.8-
Working Cap
Days
1821551141848312213321411013957
Cash Conv.
Cycle
1199039284792107162739632

Recent Performance Summary

Debt to equity has declined versus last 3 years average to 0.79

Return on Equity is Poor

Sales growth has been subdued in last 3 years 7.07%

Net Profit has been subdued in last 3 years -490.03%

Sales growth is not so good in last 4 quarters at 7.17%

Latest Financials - Premier Synthetics Ltd.

Standalone Consolidated
TTM EPS (₹) -1.1 5.8
TTM Sales (₹ Cr.) 57.2 22.4
BVPS (₹.) 24.9 0
Reserves (₹ Cr.) 7 -7
P/BV 0.54 0.00
PE 0.00 2.32
From the Market
52 Week Low / High (₹) 10.79 / 29.95
All Time Low / High (₹) 1.56 / 323.00
Market Cap (₹ Cr.) 6.1
Equity (₹ Cr.) 4.6
Face Value (₹) 10
Industry PE 29.1

Management X-Ray of Premier Synthetics:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *14.8614.8614.8614.8614.8614.8614.8614.8614.8614.86
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Premier Synthetics

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
Sales22.3616.1713.979.5946.3446.3642.9224.3658.3252.68
Operating Expenses 17.5211.9810.567.3045.3044.4842.1622.2755.4551.96
Manufacturing Costs8.287.227.123.557.406.016.424.049.606.11
Material Costs5.631.4600.4935.2535.8532.9215.9642.4543.39
Employee Cost 2.582.592.732.611.011.381.520.990.931
Other Costs 1.030.710.710.661.651.241.301.272.471.46
Operating Profit 4.834.183.412.291.031.880.762.092.870.71
Operating Profit Margin (%) 21.6%25.9%24.4%23.9%2.2%4.1%1.8%8.6%4.9%1.3%
Other Income 0.100.040.0900.900.910.180.240.760.22
Interest 1.7310.040.010.130.080.110.020.280.46
Depreciation 2.552.562.551.700.640.640.730.730.770.77
Exceptional Items 0-0.51-0.540000001.20
Profit Before Tax 0.650.150.360.581.162.070.111.592.590.91
Tax -1.9900000000.080.88
Profit After Tax 2.640.150.360.581.162.070.111.592.500.02
PAT Margin (%) 11.8%0.9%2.6%6.0%2.5%4.5%0.2%6.5%4.3%0.0%
Adjusted EPS (₹)7.20.41.01.62.54.50.23.55.50.1
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 22.1214.4014.295.3724.2926.3331.1832.6034.9128.26
Share Capital 13.1413.1413.143.644.594.594.594.594.594.59
Reserves 8.981.261.151.7219.7021.7426.592830.3223.66
Minority Interest0000000000
Debt19.623.751.4013.3817.1219.389.109.3713.7210.47
Long Term Debt15.450013.3817.1211.502.622.853.113.39
Short Term Debt4.173.751.40007.886.486.5210.627.08
Trade Payables1.621.361.372.541.881.701.300.851.050.99
Others Liabilities 5.8919.5711.7211.18-4.69-5.16-3.41-3.81-3.75-0.77
Total Liabilities 49.2539.0728.7832.4738.6042.2438.1739.0145.9438.95

Fixed Assets

Gross Block75.0467.2767.2867.2431.7432.4432.1532.9033.1429.90
Accumulated Depreciation38.6238.3340.8942.546.937.578.078.809.5710.34
Net Fixed Assets36.4128.9426.4024.7124.8124.8724.0824.1023.5719.56
CWIP 00.0100.23000000
Investments 5.453.7500000000
Inventories1.990.480.443.844.634.243.314.2967.74
Trade Receivables4.305.040.040.947.0111.219.356.938.047.94
Cash Equivalents 0.040.030.020.230.110.040.050.391.660.04
Others Assets1.060.831.892.522.041.881.393.306.673.67
Total Assets 49.2539.0728.7832.4738.6042.2438.1739.0145.9438.95

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 10.214.868.34-1.37-5.12-1.183.880.97-2.342.16
PBT 0.650.150.360.581.162.070.111.592.590.91
Adjustment 4.544.073.041.721.261.060.910.641.02-0.20
Changes in Working Capital 5.030.624.95-3.66-7.55-4.312.85-1.26-5.951.45
Tax Paid -0.010.02-0.020000000
Cash Flow From Investing Activity -0.136.063.20-0.24-1.12-1.09-0.07-0.80-0.58-0.01
Capex 0.054.870-0.24-1.12-1.09-0.07-0.75-0.24-0.01
Net Investments -0.191.193.210000000
Others 0000000-0.05-0.340
Cash Flow From Financing Activity -10.12-10.93-11.551.826.122.20-3.800.174.19-3.77
Net Proceeds from Shares 00002.5700000
Net Proceeds from Borrowing -3.15-9.55-8.783.23-11.622.26-3.400.044.10-3.53
Interest Paid -1.73-0.99-0.04-0.01-0.13-0.08-0.11-0.02-0.28-0.46
Dividend Paid 0000000000
Others -5.24-0.39-2.74-1.4015.300.01-0.290.150.370.22
Net Cash Flow -0.04-0.01-0.010.21-0.12-0.070.010.341.27-1.61
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)0000020.150.789.3813.350.15
ROCE (%)7.174.853.7526.648.617.550.786.139.454.75
Asset Turnover Ratio0.480.370.410.311.31.151.070.631.371.24
PAT to CFO Conversion(x)3.8732.423.17-2.36-4.41-0.5735.270.61-0.94108
Working Capital Days
Receivable Days13410566193172871224755
Inventory Days21281281333532573248
Payable Days13237201,4572318172589

Premier Synthetics Ltd Stock News

Premier Synthetics Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Premier Synthetics on 28-Mar-2024 16:01 is ₹13.35.
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 Premier Synthetics stood at ₹6.13.
The latest P/E ratio of Premier Synthetics as of 28-Mar-2024 16:01 is 0.00.
The latest P/B ratio of Premier Synthetics as of 28-Mar-2024 16:01 is 0.54.
The 52-week high of Premier Synthetics is ₹29.95 and the 52-week low is ₹10.79.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Premier Synthetics is ₹57.23 ( Cr.) .

About Premier Synthetics Ltd

Premier Synthetics was incorporated originally as Premier Synthetics and Processors (PSPL) in the state of Maharashtra on October, 1970 by the original promoter B K Jhunjhunwala for setting up a cloth processing unit at Village Pawne (Maharashtra) with IFCI assistance.

Thereafter, it became a sick company and in the year 1985 the controlling interest of PSPL was acquired by Anand Arya. Under the stewardship of Anand Arya, the company turned the corner in the year 1990 and since then it was continuously making profits and declaring dividend to its shareholders till 1997. The name of the company was changed to Premier Synthetics (PSL) in 1992.

Service range

  • Dyeing, printing, chemical processing of manmade fabrics
  • Import and export manmade fibers, deal in synthetics
  • Buying and selling of linen, cotton, silk satin etc.
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