Is Silkflex Polymers (India) Ltd (SILKFLEX) a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Silkflex Polymers (India) Ltd is a below average quality company .

Is Silkflex Polymers (India) Ltd (SILKFLEX) undervalued or overvalued?

The key valuation ratios of Silkflex Polymers (India) Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Silkflex Polymers (India) Ltd (SILKFLEX) share price return in the past 10 years?

Data is not available for this company

Is Silkflex Polymers (India) Ltd (SILKFLEX) a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Silkflex Polymers (India) Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

What is the share price of Silkflex Polymers (India) Ltd (SILKFLEX)?

Company share prices are keep on changing according to the market conditions. The current trading price of Silkflex Polymers (India) Ltd (SILKFLEX) on 01-Jan-1970 05:30:00 at 05:30 is .

What is the market cap of Silkflex Polymers (India) Ltd (SILKFLEX)?

Market capitalization is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 01-Jan-1970 at 05:30, the market cap of Silkflex Polymers (India) stood at Rs. 160.64 Cr.

What is the P/E ratio of Silkflex Polymers (India)?

The latest standalone P/E ratio of Silkflex Polymers (India) as of 01-Jan-1970 is 22.95.

What is the P/B ratio of Silkflex Polymers (India) Ltd (SILKFLEX)?

The latest standalone P/B ratio of Silkflex Polymers (India) Ltd (SILKFLEX) as of 01-Jan-1970 is 4.05.

What is the 52-week high and low of Silkflex Polymers (India) Ltd (SILKFLEX)?

The 52-week high of Silkflex Polymers (India) Ltd (SILKFLEX) is Rs. 0.00 and the 52-week low is Rs. 0.00.

What is the TTM revenue of Silkflex Polymers (India) Ltd (SILKFLEX)?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Silkflex Polymers (India) is Rs. 80.16 (Cr.).

Silkflex Polymers (India) Ltd (SILKFLEX) Share Analysis – Quality, Valuation Zone & Price Trend & DeciZen Rating

Name: Silkflex Polymers (India) Ltd (SILKFLEX)
Brand: Silkflex Polymers (India)

10 Year X-Ray :

Analysis of Financial Track Record

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	12.5%	11.6%	11.3%	28.1%	24.1%	-
Value Creation Index ⓘ	-0.1	-0.2	-0.2	1.0	0.7	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	20.8	27.8	44.3	59.6	80.2	80
Sales YoY Gr.	-	34.1%	59.2%	34.5%	34.5%	-
Adj EPS ⓘ	0.7	0.8	1.1	4.7	5.9	6
YoY Gr.	-	27.3%	25%	350.5%	24.3%	-
BVPS (₹) ⓘ	7.7	9.1	10.3	14.7	30.7	34.2
Adj Net Profit ⓘ	0.4	0.7	0.9	3.9	6.8	7
Cash Flow from Ops. ⓘ	-0.2	-4.3	-1	4.7	-30.2	-
Debt/CF from Ops. ⓘ	-35.9	-2.3	-14.3	3.6	-1.2	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	NA	NA	42.3%	34.5%
Adj EPS ⓘ	NA	NA	91.3%	24.3%
BVPSⓘ	NA	NA	50.1%	108.4%
Share Price	-	-	-	82.8%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	8.6	10.9	10.8	37.4	28.5	18.6
Op. Profit Mgn % ⓘ	6.1	5.9	5.5	11.8	15	15.6
Net Profit Mgn % ⓘ	2.1	2.5	1.9	6.5	8.5	8.7
Debt to Equity ⓘ	1.2	1.4	1.6	1.4	1	-
Working Cap Days ⓘ	0	157	137	131	209	0
Cash Conv. Cycle ⓘ	0	134	117	91	109	0

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 42.30%

Net Profit is growing at healthy rate in last 3 years 91.29%

Return on Equity has declined versus last 3 years average to 18.60%

Debt to equity has increased versus last 3 years average to 1.02

Sales growth is not so good in last 4 quarters at 2.69%

	Standalone	Consolidated
TTM EPS (₹)	6	-
TTM Sales (₹ Cr.)	80.2	-
BVPS (₹) ⓘ	34.2	-
Reserves (₹ Cr.) ⓘ	28	-
P/BV ⓘ	4.05	-
PE ⓘ	22.95	-

From the Market
52 Week Low / High (₹)	0.00 / 0.00
All Time Low / High (₹)	- / -
Market Cap (₹ Cr.)	161
Equity (₹ Cr.)	11.6
Face Value (₹)	10
Industry PE ⓘ	24.2

PARTICULARS	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	21	28	44	50	80
Operating Expenses ⓘ +	19	26	42	43	68
Manufacturing Costs	1	2	3	3	3
Material Costs	15	19	35	36	59
Employee Cost	1	1	1	2	2
Other Costs ⓘ	2	4	3	2	4
Operating Profit ⓘ	1	2	2	7	12
Operating Profit Margin (%)	6.1%	5.9%	5.4%	14.3%	15.0%
Other Income ⓘ +	0	0	0	0	0
Exceptional Items ⓘ	0	0	0	0	0
Interest ⓘ	1	1	1	2	3
Depreciation ⓘ	0	0	0	0	0
Profit Before Tax ⓘ	1	1	1	5	9
Tax ⓘ	0	0	0	1	2
Profit After Tax	0	1	1	4	7
PAT Margin (%)	2.2%	2.5%	1.9%	7.8%	8.7%
Adjusted EPS (₹)	0.7	0.8	1.0	4.8	6.0
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%

PARTICULARS	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	5	7	8	12	36
Share Capital ⓘ	2	3	3	8	12
Reserves ⓘ	3	5	6	4	24
Debt +	6	10	14	15	36
Long Term Debt	4	2	2	1	17
Short Term Debt	2	8	11	14	19
Minority Interest	0	0	0	0	0
Trade Payables	1	1	1	8	6
Others Liabilities ⓘ	1	2	1	3	5
Total Liabilities ⓘ	13	20	24	38	83
Fixed Assets
Net Fixed Assets ⓘ +	1	3	4	11	16
Gross Block	2	4	5	13	18
Accumulated Depreciation	0	0	1	1	2
CWIP ⓘ	1	0	0	1	1
Investments ⓘ	2	1	1	0	0
Inventories	5	11	15	16	30
Trade Receivables	3	2	2	6	10
Cash Equivalents	0	0	0	0	0
Others Assets ⓘ	1	2	2	4	25
Total Assets ⓘ	13	20	24	38	83

PARTICULARS	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	-0	-4	-1	9	-30
PBT ⓘ	1	1	1	5	9
Adjustment ⓘ	1	1	0	2	3
Changes in Working Capital ⓘ	-1	-6	-2	2	-41
Tax Paid ⓘ	-0	-0	-0	-1	-1
Cash Flow From Investing Activity ⓘ +	-1	-0	-1	-9	-5
Capex	-1	-1	-1	-9	-5
Net Investments	-0	0	-0	0	0
Others ⓘ	0	0	0	0	0
Cash Flow From Financing Activity ⓘ +	2	5	2	0	35
Net Proceeds from Shares ⓘ	2	2	0	0	16
Net Proceeds from Borrowing ⓘ	1	-2	0	-1	16
Interest Paid ⓘ	-1	-1	0	-2	-2
Dividend Paid ⓘ	0	0	0	0	0
Others ⓘ	0	6	2	3	5
Net Cash Flow ⓘ	-0	-0	-0	0	0

PARTICULARS	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	8.83	10.96	10.57	38.16	29.24
ROCE (%)	12.53	11.58	11.25	28.14	24.08
Asset Turnover Ratio	1.58	1.7	2.04	1.62	1.33
PAT to CFO Conversion(x)	N/A	-4	-1	2.25	-4.29
Working Capital Days
Receivable Days	49	33	18	29	36
Inventory Days	92	108	106	112	106
Payable Days	13	10	9	47	44

About Silkflex Polymers (India) Ltd

Silkflex Polymers (India) Limited was originally incorporated on May 13, 2016 as “Silkflex Polymers (India) Private Limited” under the provisions of the Companies Act, 2013 with the Registrar of Companies, Central Registration Centre. Subsequently, the status of the Company was changed to public limited Company and the name of the Company was changed from ‘Silkflex Polymers (India) Private Limited’ to ‘Silkflex Polymers (India) Limited’ vide fresh certificate of incorporation dated December 21, 2023 by the Registrar of Companies, Kolkata.

The company is engaged in the trading of the textile printing inks and water-based wood coating polymers products of a Malaysian based brand- ‘Silkflex’ produced by Silkflex Polymers SDN BHD (Silkflex Malaysia). Silkflex Malaysia, is one of the garment printing ink manufacturers of Malaysia. Silkflex Malaysia manufactures its products through its manufacturing unit located in Malaysia and the same products are then supplied around the globe through its authorised agents. The list of countries where Silkflex Malaysia supplies the products includes India, Thailand, Turkey, Russia, Sri Lanka, Bangladesh and Indonesia.

The company offers a wide variety of products of textile printing ink products and wood coating polymers products. The Company has entered into an agreement with Silkflex Malaysia on October 01, 2016, for distribution and selling, the water-based textile printing inks products of Silkflex. It also entered into agreement with Silkflex Malaysia on October 01, 2019 for distribution and selling, the wood coating polymers products of Silkflex Malaysia. These agreements also give it the rights to use the brand name of Silkflex in India. Further, by virtue of Technology Transfer Agreement (TTA) dated July 25, 2023, Silkflex Malaysia has permitted it to be the manufacturer of its products in India and agreed to provide full right, technology relating to products like Silkbond 35 and binder for table glue products.

Business area of the company

The company is engaged in the trading of the textile printing inks and water-based wood coating polymers products of a Malaysian based brand- ‘Silkflex’ produced by Silkflex Polymers SDN BHD.

Products of the company

Textile printing ink products
Wood coating products

History and milestones

2016: Incorporation of the company under the name ‘Silkflex Polymers (India) Private Limited’
2016: Company has entered into an agreement with Silkflex Malaysia on October 01, 2016, for distribution and selling, the water-based textile printing inks products of Silkflex
2019: Company has entered into an agreement with Silkflex Malaysia on October 01, 2019 for distribution and selling, the wood coating polymers products of Silkflex Malaysia
2023: Company has entered into an agreement with Silkflex Malaysia on July 25, 2023, for manufacturing the Silkflex products like Silkbond 35 and binder for table glue products in India.
2023: Conversion of the Company from Private Limited Company i.e., Silkflex Polymers (India) Private Limited to ‘Silkflex Polymers (India) Limited’.

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Silkflex Polymers (India) Ltd (SILKFLEX) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating