Flexituff Ventures International Ltd Stock Analysis

BSE: 533638 | NSE: FLEXITUFF | Textile | Small Cap

BSE Share Price 29-Sep-2022 18:01
26.00 0.60 (2.36%)

DeciZen - Make an Informed Decision on Flexituff Ventures

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Flexituff Ventures Price Chart

P/E Ratio (SA) :
0.00
Market Cap :
64.7 Cr.
52-wk low :
13.8
52-wk high :
44
Bole Toh?

1. Is Flexituff Ventures International Ltd a good quality company?

Data is not available for this company.

2. Is Flexituff Ventures International Ltd undervalued or overvalued?

The key valuation ratios of Flexituff Ventures International Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Flexituff Ventures International Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Flexituff Ventures International 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 Flexituff Ventures:

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.

Value Creation

Value Creation Index Colour Code Guide

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 13.4%11.4%7.6%6.9%6.3%8.2%5.4%4.7%-11.9%-0.9%-
Value Creation Index -0.0-0.2-0.5-0.5-0.6-0.4-0.6-0.7-1.9-1.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 6218639681,0521,1561,3261,1531,1758738681,021
YoY Gr. Rt. %-39%12.2%8.7%9.9%14.7%-13%1.9%-25.7%-0.6%-
Adj EPS 15.811.686.4-0.85.1-6.5-10.1-69-23.4-32.3
YoY Gr. Rt. %--26.6%-31.4%-20%-112.9%NA-227.1%NANANA-
BVPS (₹) 122.4134.1144.7150.3152155.2154.4148.181.858.616.6
Adj Net Profit 34.426.719.815.9-2.112.8-16.2-25-172-58.3-80
Cash Flow from Ops. 68.865.247.711413930.118812091.477.9-
Debt/CF from Ops. 4610.65.24.525.33.967.88-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 3.8%-5.6%-9%-0.6%
Adj EPS -204.5%NANANA
BVPS -7.9-17.4-27.6-28.3
Share Price -18.2% -19.3% 39.5% 73.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % 169.35.94.3-0.53.3-4.2-6.6-60-33.4-86
Op. Profit Mgn % 1713.610.710.812.113.813.411.2-7.8-3.22.3
Net Profit Mgn % 5.53.121.5-0.21-1.4-2.1-19.7-6.7-7.9
Debt to Equity 1.11.31.41.61.721.923.54.3-
Working Cap Days 1641541681711621622162302792260
Cash Conv. Cycle 70666670728711188111760

Recent Performance Summary

No data to display

Return on Equity is Poor

Sales growth has been subdued in last 3 years 0.00%

Debt to equity has increased versus last 3 years average to 4.26

Sales growth is not so good in last 4 quarters at 3.11%

Latest Financials - Flexituff Ventures International Ltd.

Standalone Consolidated
TTM EPS (₹) -32.3 -29.9
TTM Sales (₹ Cr.) 1,021 1,024
BVPS (₹.) 16.6 14.2
Reserves (₹ Cr.) 16 10
P/BV 1.57 1.83
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 13.80 / 43.95
All Time Low / High (₹) 3.09 / 384.55
Market Cap (₹ Cr.) 64.7
Equity (₹ Cr.) 24.9
Face Value (₹) 10
Industry PE 21.4

Management X-Ray of Flexituff Ventures :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *100.00100.00100.00100.00100.00100.00100.00100.0081.2681.26
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Flexituff Ventures

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

About Flexituff Ventures International Ltd

Flexituff International, a polymer manufacturing company, incorporated as partnership firm was converted into public limited company on April 25, 2003. It is engaged in production of FIBC, Geo-Textile Fabric and Ground Cover, Reverse Printed BOPP Woven Bags, Special PP Bags including Leno Bags.

The company exports it products to around 30 countries across globe with major thrust in US and Europe. Recently, it manufactured and exported Trap Bags for AmeriGlobe USA. AmeriGlobe was contracted by City of Fargo to provide Trap bag Container Barrier System for flood protection in eight Fargo City locations. Flexituff International is recognized as one of the most reputed producers of FIBC in the world.

  • Flexituff International, presently, manufactures products from its three fully integrated and self-sufficient manufacturing units. The two units are located in Pithampur (M.P.) and one in Kashipur (Uttrakhand). These manufacturing units have an installed capacity of 12,200 MT and 12,800 MT respectively.
  • It has a recycling and reprocessing plant at Kandla which is used for recovering polypropylene and making various compounds of plastics.
  • Additionally, a research and Development centre at Kashipur which is engaged in the research and development of various compounds for plastic products including engineering plastic, bio-degradable plastic and other new product developments. The Company has spent ` 245.47 million on research and development for the period April 1, 2007 till June 30, 2011.
  • The company also owns a land admeasuring 5,72,347 sq. ft. at SEZ, Pithampur in Dhar district of M.P. The existing manufacturing facilities occupies approximately 295,500 square feet of land.
  • It has marketing offices at Pithampur and Delhi. Pithampur office handles marketing of FIBCs. Delhi office handles marketing of BOPP, geo-textile products, special PP bags, compounding and polymers. Apart from this, it has its sales representatives at Mumbai, Hyderabad and Kolkata and marketing offices in UK and USA.

Subsidiary :

  • Lakshmi Incorporated, U.S.A is engaged in manufacturing of reclosable extruded zipper profile which is used as a secondary closure for 5-50 kg bags.
  • Flexiglobal (UK) Limited is engaged in distribution and marketing of FIBCs.

Product Portfolio:a) Flexible Intermediate Bulk Containers (FIBC)b) Geo-Textile Fabric and Ground Coversc) Reverse Printed BOPP Woven Bagsd) Special PP Bags and Leno Bags

Future projects:

  • Polymer Compounding: The company already has installed machinery to produce 10,000 MT of various compounds at Kashipur. It can be broadly divided into two main categories viz.-Filler compounds (like Calcium, Elastomer) and-Modifier compounds (like UV/Colour Masterbatch, Bonding agents, Drip Masterbatch, etc.)
  • Injection-moulded articles: It has presently commenced production for pallets, crates, boxes and other industrial / domestic injection moulded articles on trial basis. Also as part of the expansion programme at Kashipur, company is proposing to manufacture injection moulded articles for drip irrigation industry, with a thrust on production of drippers.
  • The company intends to expand its manufacturing facilities at SEZ and DTA units at Pithampur also looks forward to set up Dripper Project at Kashipur. To meet the fund requirements of Rs 100 crore, company came up with an initial public offer (IPO) which was subscribed 1.14 times.

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