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Visagar Polytex Ltd Stock Analysis

Small Cap
Evaluated by 298 users | BSE: 506146 | NSE: VIVIDHA |
Finance - Investment
Visagar Polytex Limited (VPL) was incorporated as ‘Barasia Holding & Trading Co. Limited’ on June 16, 1983 under the Companies Act, 1956. The name of the company was changed to ‘Visagar Polytex Limited’ and a fresh Certificate of Incorporation consequent to change...

Analysis of Financial Track Record

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.
 Jun'10Jun'11Jun'12Jun'13Jun'14Mar'15Mar'16Mar'17Mar'18Mar'19
Operating Income (Rs. Cr.)39.854.259.462.870.681.210381.282.353.8
Y-o-Y Gr. Rt.-36.1%9.6%5.6%12.5%15.1%27%-21.4%1.4%-34.6%
Adjusted EPS (Rs.)
Adjusted Earning per Share is the company’s net profit per share after adjusting for extra-ordinary/exceptional items
0.030.040.040.040.040.090.010.060.060.01
Y-o-Y Gr. Rt.-33.3%0%0%0%125%-88.9%500%0%-83.3%
Book Value per Share (Rs.)
The total value that a company will fetch upon liquidation (if it is closed down), after settling all obligations is called its Book Value. Book value of a company includes only tangible assets. Book value allocated to each outstanding share is called Book Value per share
0.450.480.920.950.981.391.361.081.131.14
Y-o-Y Gr. Rt.-6.7%91.7%3.3%3.2%41.8%-2.2%-20.6%4.6%0.9%
To view Net Profit/Total Funds (%) Colour Rating Guide click here
Net Profit/Total Funds (%): Colour Rating Guide
  • >12 : Very Good
  • 8-12 : Somewhat Good
  • <8: Not Good
Net Profit/Total Funds (%)4.124.273.062.21.982.930.212.882.390.26
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Visagar Polytex Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Operating Income3.4%-5.3%-19.5%-34.6%
Adjusted EPS
Adjusted Earnings per Share is the Company’s net profit per share after adjusting for extra-ordinary/exceptional items.
-11.5%-24.2%0-83.3%
Book Value per Share
10.9%3.1%-5.7%0.9%
Share Price -30.5% -63.1% -33.8% 100%
Key Financial Ratios
RATIOS \ YEARSJun'10Jun'11Jun'12Jun'13Jun'14Mar'15Mar'16Mar'17Mar'18Mar'19
Margins
Net Profit Margin (%) 1.591.751.681.51.432.810.11.671.710.3
Performance Ratios
To view Performance Ratios Colour Rating Guide click here
Performance Ratios: Colour Rating Guide
  • >15 : Very Good
  • 12-15 : Somewhat Good
  • <12 : Not Good
Return on Equity (%) 9.318.765.884.094.256.850.425.255.180.58
Entity Percentage Holding
Promoters 25.12%
Institutions 0.06%
Non-Institutions 74.82%
Pledged *0.000.0018.7718.7718.7718.7718.7718.7718.7718.77
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Visagar Polytex Ltd's performance infers:

Visagar Polytex Ltd earnings have declined by -24.2%, whereas share price has depreciated -63.1% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Visagar Polytex Ltd share prices over the last 10 years. Here is what we found out:

Visagar Polytex Ltd share price has depreciated -17.4% annually over the past ten years.

Visagar Polytex Limited (VPL) was incorporated as ‘Barasia Holding & Trading Co. Limited’ on June 16, 1983 under the Companies Act, 1956. The name of the company was changed to ‘Visagar Polytex Limited’ and a fresh Certificate of Incorporation consequent to change in name was obtained on November 27, 2006. VPL is a professionally running company, promoted by dynamic entrepreneurs, who have total commitment to quality, transparent practices and vision of

Visagar Polytex Limited (VPL) was incorporated as ‘Barasia Holding & Trading Co. Limited’ on June 16, 1983 under the Companies Act, 1956. The name of the company was changed to ‘Visagar Polytex Limited’ and a fresh Certificate of Incorporation consequent to change in name was obtained on November 27, 2006. VPL is a professionally running company, promoted by dynamic entrepreneurs, who have total commitment to quality, transparent practices and vision of providing the best quality products to its ever growing list of clientele. Over the years, it has emerged as a leading name in the manufacturing of exquisite range of Sarees.

VPL has, as its main objects, to carry on in India or elsewhere the business of manufacturing, processing, producing, washing, dyeing, ginning, pressing, spinning, weaving, crimping, texturing, carding, bleaching, combing, doubling, finishing, calendaring, sizing, coloring, printing, mercerizing, reeling, winding, embroidering, blending, sorting, garneting, stretching, drying, drawing, cutting, improving, buying, selling, reselling, importing, exporting, transporting, warehousing, developing, marketing, supplying and to act as broker, trader, agent, C&F agent, distributor, representative, consultants, collaborator, adatia, stockiest, liasioner, job worker, export house or otherwise to deal in all types of textile goods, dress materials, fabrics, cloths, yarns, Partially Oriented Yarns (POY), denim, suiting, shirting, Sarees and other similar items made on power loom, handloom or mill by man made or natural material.

VPL made its maiden public issue of 2,47,930 equity shares of Rs. 10 each at par in November 1983 and the shares were listed at the Bombay Stock Exchange, Mumbai. VPL made a further Issue of 4,96,000 equity shares of Rs. 10 each at par in the month of May 2008 by way of rights issue to the shareholders of the company in the ratio of 2 (two) equity shares for every 1 (One) equity share held as on the Record Date i.e. April22, 2008. The total amount raised by way of the Rights Issue was Rs. 49,60,000.

The proceeds of the issue were used for long-term working capital requirements of the company. As the textile operations of the company started gaining momentum, the management decided to have a brand name for marketing the products of the company.

The company has started marketing of Sarees in the name of “Vividha” at UTI Building 4A, Chetan Seth Street, 4th Floor, Kolkata. The brand “Vividha” is copyright and registered in the name of Visagar Polytex Limited. Vividha aims at creating a blend of latest trends in fashion and best quality fabrics at the most reasonable prices.

Innovation and Quality are the prime words at Vividha. Despite cutthroat competition in textiles industry, the company has never ever compromised on quality and followed its tread marks on the path of success. The company is very strict in matters of quality control that ensures emergence of the best quality products to its customers. Vividha aims at creating 'one of its kind' offbeat concepts in sarees in plains, prints as well as value added categories and distributing them through selected outlets spread across India. With the same goal in mind, Vividha has its business spread throughout the country.

Business area of the company:

The company has a diverse product portfolio consisting of Plain Sarees, Printed Sarees, Embroidered Sarees, Heavy / Zari Sarees, Wedding Sarees, Designer / Value Added Sarees and Ghaghara / Lehanga and Chunni sets.

It manufactures and outsources sarees in Kolkata through local job workers and sell to wholesalers and retailers through our existing showrooms across different cities. Apart from Sarees, Ghaghra & Chunni sets we also manufacture twills i.e. interlining materials for travel bags, suitcases, ladies purse, wallets etc. at Surat (Gujarat) on contract manufacturing basis. Also, it trade gray cotton fabrics sourced from local power looms at Bhiwandi (Maharashtra).

The company enjoys tremendous respect and goodwill amongst its customers. Currently, it is supplying its products mostly to Kolkata, Mumbai, Sura and across Rajasthan. However, it also supplies its products to other whole sellers and retailers across the states of India.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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