Shreyans Industries Ltd - Stock Valuation and Financial Performance

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

Shreyans Inds Share Price

216.90 3.75 1.76%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Shreyans Inds

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

1. Quality

2. Valuation

Fair

3. Price Trend

Shreyans Industries stock performance -

mw4me loader
P/E Ratio (SA):
3.05
Market Cap:
294.8 Cr.
52-wk low:
129.8
52-wk high:
318.5

Is Shreyans Industries Ltd an attractive stock to invest in?

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 Weak which suggest that the price of Shreyans Industries 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 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 14.5%8.9%9.3%21.6%18.5%22.3%16.2%4.1%3.8%24.3%-
Value Creation
Index
0.0-0.4-0.30.50.30.60.2-0.7-0.70.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 402368389420464574540366584866759
Sales YoY Gr.--8.5%6%7.8%10.4%23.8%-5.9%-32.2%59.5%48.1%-
Adj EPS 9.75.16.72221.831.6275.65.353.169.9
YoY Gr.--47.1%30.5%230.3%-1.3%45.1%-14.4%-79.4%-5.6%909.3%-
BVPS (₹) 61.766.571.390.6111.8143.4156.3163.6167.7218.4265.6
Adj Net
Profit
13.47.19.230.530.143.637.47.77.373.497
Cash Flow from Ops. 15.730.118.954.333.349.65314.419.590.4-
Debt/CF from Ops. 31.52.90.81.40.61.14.43.10.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 8.9%13.3%17%48.1%
Adj EPS 20.8%19.5%25.3%909.3%
BVPS15.1%14.3%11.8%30.2%
Share Price 25.2% 7.6% 27.3% 61.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
16.789.727.221.524.7183.53.227.528.9
Op. Profit
Mgn %
9.36.16.213.612.314101.51.712.714.8
Net Profit
Mgn %
3.31.92.47.36.57.66.92.11.28.512.7
Debt to
Equity
0.60.50.60.30.30.20.30.30.30.1-
Working Cap
Days
75908785858395135704564
Cash Conv.
Cycle
192622131416162210733

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 28.90%

Sales growth is growing at healthy rate in last 3 years 17.01%

Net Profit is growing at healthy rate in last 3 years 25.26%

Sales growth is not so good in last 4 quarters at -5.12%

Latest Financials - Shreyans Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 69.9 -
TTM Sales (₹ Cr.) 759 -
BVPS (₹.) 265.6 -
Reserves (₹ Cr.) 353 -
P/BV 0.80 -
PE 3.05 -
From the Market
52 Week Low / High (₹) 129.75 / 318.45
All Time Low / High (₹) 1.55 / 318.45
Market Cap (₹ Cr.) 295
Equity (₹ Cr.) 13.8
Face Value (₹) 10
Industry PE 6.8

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 (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales402367389420464574540366584866
Operating Expenses 366346367363408494499361574759
Manufacturing Costs1161031069211314113095154211
Material Costs197191206213228269261181318429
Employee Cost 35384145505662526372
Other Costs 18131413182746334046
Operating Profit 36222357568042510107
Operating Profit Margin (%) 9.0%6.0%5.9%13.5%12.0%14.0%7.7%1.5%1.7%12.3%
Other Income 261556621206
Interest 6766665555
Depreciation 97789911111313
Exceptional Items 000-9000000
Profit Before Tax 2214113946703391294
Tax 94214152411220
Profit After Tax 131092531473291073
PAT Margin (%) 3.1%2.7%2.2%6.0%6.7%8.2%5.9%2.4%1.7%8.5%
Adjusted EPS (₹)9.17.16.318.222.634.023.16.47.253.1
Dividend Payout Ratio (%)13%17%19%8%8%15%13%47%28%9%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 859299125155198216226232302
Share Capital 14141414141414141414
Reserves 717885111141184202212218288
Minority Interest0000000000
Debt43395035382751515037
Long Term Debt89221821142927204
Short Term Debt34302817171321253033
Trade Payables46383935454547437050
Others Liabilities 67719110010911712113080110
Total Liabilities 241240279295347387435451431499

Fixed Assets

Gross Block223241261156185200209262278285
Accumulated Depreciation1101191248172636475970
Net Fixed Assets112122138148169175173215219215
CWIP 369373421695
Investments 1718184346677285102158
Inventories34312629344243395150
Trade Receivables42283525403928263237
Cash Equivalents 5543435656
Others Assets27294844475973641429
Total Assets 241240279295347387435451431499

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 16301954335053142090
PBT 2214113946703391294
Adjustment 148129121021-4-119
Changes in Working Capital -1411-316-13-81099-6
Tax Paid -6-3-1-10-11-22-100-1-16
Cash Flow From Investing Activity -16-18-24-34-32-27-62-16-6-63
Capex -11-23-26-11-35-9-48-21-8-6
Net Investments -430-18-1-17-1361-57
Others -112-45-1-1-110
Cash Flow From Financing Activity 1-115-21-2-2391-14-28
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -7114-45-11164-9-22
Interest Paid -6-6-5-5-5-5-3-5-5-5
Dividend Paid -2-2-2-2-2-3-130-4-3
Others 15-4-2-110-48252
Net Cash Flow 10-10000000
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)15.8211.069.122.4522.2926.6215.433.974.3527.53
ROCE (%)22.9515.4711.7427.9128.1435.714.85.3631.27
Asset Turnover Ratio1.91.621.591.561.461.561.320.831.331.86
PAT to CFO Conversion(x)1.2332.112.161.061.061.661.5621.23
Working Capital Days
Receivable Days29332824252523271815
Inventory Days25312523242429412821
Payable Days64685657646164916551

Shreyans Industries Ltd Stock News

Shreyans Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Shreyans Inds on 28-Mar-2024 16:01 is ₹216.9.
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 28-Mar-2024 16:01 the market cap of Shreyans Inds stood at ₹294.8.
The latest P/E ratio of Shreyans Inds as of 28-Mar-2024 16:01 is 3.05.
The latest P/B ratio of Shreyans Inds as of 28-Mar-2024 16:01 is 0.80.
The 52-week high of Shreyans Inds is ₹318.4 and the 52-week low is ₹129.8.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Shreyans Inds is ₹759.2 ( 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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