Shreyans Industries Ltd Stock Analysis

BSE: 516016 | NSE: SHREYANIND | Paper & Paper Products | Small Cap

BSE Share Price 30-Jan-2023 18:02
150.90 2.85 (1.93%)

DeciZen - Make an Informed Decision on Shreyans Inds

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

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Shreyans Inds Price Chart

P/E Ratio ( SA) :
7.09
Market Cap :
208.6 Cr.
52-wk low :
79.1
52-wk high :
180
Bole Toh?

1. Is Shreyans Industries Ltd a good quality company?

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

2. Is Shreyans Industries Ltd undervalued or overvalued?

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

3. Is Shreyans Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Shreyans Industries Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Shreyans Inds:

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.
Shreyans Industries 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'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 11%14.5%8.9%9.3%21.6%18.5%22.3%16.2%4.1%4%-
Value Creation Index -0.20.0-0.4-0.30.50.30.60.2-0.7-0.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 343402368389420464574540366584738
YoY Gr. Rt. %-17%-8.5%6%7.8%10.4%23.8%-5.9%-32.2%59.5%-
Adj EPS 5.79.75.16.72221.831.6275.65.321.3
YoY Gr. Rt. %-70.7%-47.1%30.5%230.3%-1.3%45.1%-14.4%-79.4%-5.6%-
BVPS (₹) 53.961.766.571.390.6111.8143.4156.3163.6167.7186.8
Adj Net Profit 7.813.47.19.230.530.143.637.47.77.329
Cash Flow from Ops. 38.615.730.118.954.333.349.65314.419.5-
Debt/CF from Ops. 131.52.90.81.40.61.14.43.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 6.1%6.8%0.6%59.5%
Adj EPS -0.8%-24.9%-45%-5.6%
BVPS 13.413.15.42.5
Share Price 21.2% -4.1% 11.1% 39.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 1116.789.727.221.524.7183.53.212
Op. Profit Mgn % 7.59.36.16.213.612.314101.51.85.9
Net Profit Mgn % 2.33.31.92.47.36.57.66.92.11.24
Debt to Equity 0.50.60.50.60.30.30.20.30.30.30.1
Working Cap Days 77759087858583951357093
Cash Conv. Cycle 1919262213141616221032

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 12.00%

Sales growth is good in last 4 quarters at 59.55%

Sales growth has been subdued in last 3 years 0.61%

Net Profit has been subdued in last 3 years -44.96%

Latest Financials - Shreyans Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 21.3 -
TTM Sales (₹ Cr.) 738 -
BVPS (₹.) 186.8 -
Reserves (₹ Cr.) 244 -
P/BV 0.81 -
PE 7.09 -
From the Market
52 Week Low / High (₹) 79.10 / 180.00
All Time Low / High (₹) 1.55 / 234.00
Market Cap (₹ Cr.) 209
Equity (₹ Cr.) 13.8
Face Value (₹) 10
Industry PE 8.2

Management X-Ray of Shreyans Inds :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Shreyans Inds

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

News

Shreyans Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Shreyans Inds on 30-Jan-2023 18:02 is : 150.9.
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 30-Jan-2023 18:02 the market cap of Shreyans Inds stood at ₹ 208.6.
The latest PE ratio of Shreyans Inds as of 30-Jan-2023 18:02 is 7.09.
The latest PB ratio of Shreyans Inds as of 30-Jan-2023 18:02 is 0.81
The 52-week high of Shreyans Inds is ₹ 180.0 and the 52-week low is ₹ 79.10.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Shreyans Inds is ₹ 738.3 ( Cr.) .

About Shreyans Industries Ltd

Adhinath Textiles (ATL) was incorporated in 1979 by the Oswal Group of Ludhiana. It manufactures synthetic and wool-blended hosiery and knitting yarns which are marketed under the Adinath brand name. The company also diversified into the hosiery segment and manufactured polyester wool, pure wool and polyester viscose yarns suitable for worsted suitings. Manufacturing plant of the company is located at Village Bholapur, Chandigarh Road, Ludhiana. ATL has branches in New Delhi and Mumbai.

As the net worth and working capital of the company become negative, it has been referred to the BIFR.

Products

  • Acrylic Fiber
  • Polyester Fiber
  • Nylon Fiber
  • Cationic Dyes
  • Dispersed Dyes

 

Group Companies

  • Shreyans Papers
  • Shree Rishabh paper
  • Adinath Textiles Limited

Shreyans Industries Limited is one of the leading industrial groups of North India promoted by the well known OSWAL family of Ludhiana. It is a multi unit group with interests in Paper and Textiles. The company has an annual turnover of $50 million. Shreyans Group has over 1100 employees.

Milestones

  • 1979 - The company was incorporated on 16th January, at Jullundar (Punjab).
  • 1979 - The company's object is to manufacture all kinds of yarn and fibres and wool tops.
  • 1979 - The company was promoted by Oswals of Ludhiana (promoters of Vardhaman Spinning and General Mills Ltd., and Mahavi Spinning Mills Ltd.) with the object of setting up a worsted spinning plant.
  • 1979 - The company's synthetics and wool-blended hosiery and knitting yarns were marketed under the brand name ADHINATH.
  • 1984 - The company was issued a license for 1,200 spindles.  The company proposed to set up a combing project as it held an industrial license for the manufacture of 7,72,600 kgs. of wool tops per annum.  Also, an application was made for a license for 9 power looms.
  • 1984 - All shares taken up by promoters, directors etc.
  • 1985 - The company formulated a modernisation balancing scheme costing Rs.158.25 lakhs under which it proposed to replace the obsolete machines by new indigenous and imported equipments.
  • 1986 - The modernization balancing scheme could not be implemented. However, it was proposed to revise the scheme to increase the top making capacity of the unit by 33% to reduce the company's dependence on outside carding process.
  • 1987 - The company received a letter of intent for setting up 6,000 Nos. worsted spindles.
  • 1987 - The vompany proposed to manufacture factory qualities of hand knitting yarn and better quality of hosiery yarns.
  • 1987 - A detailed scheme was submitted to PSIDC involving a capital outlay of Rs 96 lakhs.
  • 1988 - 4,400 spindles were installed and commissioned.  The balance 1,600 spindles were expected to be in operation by the end of the first quarter of 1990.
  • 1988 - The company obtained a license for the setting up of a spinning project for the manufacture of cotton and synthetic yarns with a capacity of 25,000 spindles.
  • 1988 - 7,20,000 No. of equity shares issued at a prem. of Rs.5 per share out of which the following shares were reserved for pref. allotment: (i) 36,000 shares to employees (including Indian working directors)/workers of the company (only 22,800 shares take up); (ii) 14,400 shares to promoters of the company (all were taken up) and (iii) 2,50,000 shares to non-resident Indians on repatriation basis (all were taken up). The balance 4,19,600 shares along with 13,200 shares not taken up by employees, were offered for public subscription during October.  Addition 1,08,000 shares were allotted to retain oversubscription (2,200 shares to promoters, 37,500 shares to non-resident Indians on repatriation basis and 68,300 shares to the public).
  • 1989 - During July, the company issued 3,31,200 - 14% secured fully convertible debentures of the face value of Rs 250 each out of which 1,30,800 debentures were offered on Rights basis to the existing equity shareholders. 
  • 1992 - The company ventured into new business of manufacturing twisted yarn.
  • 1994 - The company proposed to come out of the hosiery segment of acrylic yarn market by diversifying into products like polyester wool, pure wool and polyester viscose yarns suitable for worsted suitings.
  • 1994 - 35,00,000 No. of equity shares allotted to promoters on private placement basis.
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