Banswara Syntex Ltd - Stock Valuation and Financial Performance

BSE: 503722 | NSE: BANSWRAS | Textile - Manmade Fibres | Small Cap

Banswara Syntex Share Price

144.60 2.40 1.69%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Banswara Syntex

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

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Banswara Syntex stock performance -

mw4me loader
P/E Ratio (SA):
8.89
Market Cap:
486.8 Cr.
52-wk low:
108.5
52-wk high:
188.5

Is Banswara Syntex Ltd an attractive stock to invest in?

1. Is Banswara Syntex Ltd a good quality company?

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

2. Is Banswara Syntex Ltd undervalued or overvalued?

The key valuation ratios of Banswara Syntex Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Banswara Syntex Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Banswara Syntex 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 Banswara Syntex:

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.
Banswara Syntex 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 % 9.8%6.5%8.7%7.1%5.1%7.7%11.5%4.7%9%16.6%-
Value Creation
Index
-0.3-0.5-0.4-0.5-0.6-0.5-0.2-0.7-0.40.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,2121,2261,2651,2441,2921,3511,2907871,1901,4991,283
Sales YoY Gr.-1.2%3.1%-1.6%3.8%4.6%-4.6%-39%51.3%26%-
Adj EPS 9.60.26.94.1-0.16.214.11.811.330.816
YoY Gr.--97.8%3200%-41.1%-102%NA126.5%-87%518.6%172.4%-
BVPS (₹) 68.167.973.676.678.78699.9104.4116.9148.7153.8
Adj Net
Profit
29.90.723.514-0.321.348.26.338.710655
Cash Flow from Ops. 13417917414010613720513254.220.2-
Debt/CF from Ops. 5.23.53.245.13.41.61.74.818.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 2.4%3%5.1%26%
Adj EPS 13.8%NA29.8%172.4%
BVPS9.1%13.6%14.2%27.2%
Share Price 19.7% 34.2% 42.3% 28.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
14.80.39.95.5-0.17.615.21.810.223.210.6
Op. Profit
Mgn %
1511.212.710.78.68.911.29.69.913.210.2
Net Profit
Mgn %
2.50.11.91.1-01.63.70.83.374.3
Debt to
Equity
3.32.82.32.121.60.90.60.70.7-
Working Cap
Days
16016215515916515815021314313979
Cash Conv.
Cycle
1091119893918380109758728

Recent Performance Summary

Net Profit is growing at healthy rate in last 3 years 29.84%

Debt to equity has declined versus last 3 years average to 0.73

Return on Equity has declined versus last 3 years average to 10.60%

Sales growth has been subdued in last 3 years 5.14%

Sales growth is not so good in last 4 quarters at -13.70%

Latest Financials - Banswara Syntex Ltd.

Standalone Consolidated
TTM EPS (₹) 16 16.3
TTM Sales (₹ Cr.) 1,283 1,282
BVPS (₹.) 153.8 153.8
Reserves (₹ Cr.) 510 509
P/BV 0.92 0.92
PE 8.89 8.71
From the Market
52 Week Low / High (₹) 108.50 / 188.50
All Time Low / High (₹) 0.33 / 188.50
Market Cap (₹ Cr.) 487
Equity (₹ Cr.) 17.1
Face Value (₹) 5
Industry PE 30.1

Management X-Ray of Banswara Syntex:

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

Login/Register to view analysis.

Analyst's Notes

Key Ratios of Banswara Syntex

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
Sales1,2121,2261,2651,2441,2921,3511,2897871,1901,499
Operating Expenses 1,0351,0891,1041,1111,1811,2311,1457111,0731,301
Manufacturing Costs249266262266290296266157293340
Material Costs534564562539570622559346479589
Employee Cost 161181196218236237242153219286
Other Costs 92798488847678558186
Operating Profit 17713816013411112014476117197
Operating Profit Margin (%) 14.6%11.2%12.7%10.7%8.6%8.9%11.2%9.6%9.9%13.2%
Other Income 4171114161413162115
Interest 81817063595649332532
Depreciation 52595758585551464241
Exceptional Items 000-11-30300
Profit Before Tax 481444251120581672140
Tax 2161763-5422529
Profit After Tax 2782719824531447111
PAT Margin (%) 2.2%0.7%2.2%1.5%0.6%1.8%4.1%1.8%3.9%7.4%
Adjusted EPS (₹)8.62.48.05.62.37.115.64.113.732.6
Dividend Payout Ratio (%)18%20%12%9%22%7%5%18%9%9%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 213223249262269294342357400509
Share Capital 17161717171717171717
Reserves 196207232245252277325340383492
Minority Interest0000000000
Debt633566497489479420260171220327
Long Term Debt29426321719918514097137106124
Short Term Debt33830328029029428016334113203
Trade Payables10613912714617213310410110788
Others Liabilities 170162183172170156181148157144
Total Liabilities 1,1221,0901,0571,0691,0911,0038887788841,068

Fixed Assets

Gross Block855892918543575584589596588680
Accumulated Depreciation34139044557115166215258274310
Net Fixed Assets514501473486460418374338314370
CWIP 9108650112922
Investments 1418194444356
Inventories305329290329310288237196279314
Trade Receivables154138162158183163140115126212
Cash Equivalents 32152115131813142737
Others Assets94798471116113119111103108
Total Assets 1,1221,0901,0571,0691,0911,0038887788841,068

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 1341791741401061372051325420
PBT 481427251120581672140
Adjustment 13414014412111511493736269
Changes in Working Capital -4033116-1376545-57-145
Tax Paid -7-9-8-12-8-3-11-3-23-43
Cash Flow From Investing Activity -58-48-28-61-25-10-4-3-48-100
Capex -52-46-28-61-29-9-6-9-58-103
Net Investments -5-3-103-1-1482
Others -1110104222
Cash Flow From Financing Activity -61-148-140-82-85-123-206-126575
Net Proceeds from Shares 5320000000
Net Proceeds from Borrowing 1-20-53-19-39-54-3233-3719
Interest Paid -83-80-70-63-59-56-48-33-26-32
Dividend Paid -3-5-2-4-2-2-40-3-4
Others 19-46-17416-11-122-1277192
Net Cash Flow 16-176-2-44-5411-4
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)13.373.711.527.422.988.5716.783.9912.3424.51
ROCE (%)14.5610.7813.6610.838.69.6614.887.8415.5622.31
Asset Turnover Ratio1.121.121.181.181.21.291.360.951.431.54
PAT to CFO Conversion(x)4.9622.386.447.3713.255.713.879.431.150.18
Working Capital Days
Receivable Days46434347484743593741
Inventory Days899489909081741017372
Payable Days5151689210289771097961

Banswara Syntex Ltd Stock News

Banswara Syntex Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Banswara Syntex on 28-Mar-2024 16:01 is ₹144.6.
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 Banswara Syntex stood at ₹486.8.
The latest P/E ratio of Banswara Syntex as of 28-Mar-2024 16:01 is 8.89.
The latest P/B ratio of Banswara Syntex as of 28-Mar-2024 16:01 is 0.92.
The 52-week high of Banswara Syntex is ₹188.5 and the 52-week low is ₹108.5.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Banswara Syntex is ₹1,283 ( Cr.) .

About Banswara Syntex Ltd

Banswara Syntex was incorporated in 1976 as a joint sector company with RIICO, a government of Rajasthan undertaking and R.L.Toshniwal. Initially it started as a spinning mill with a capacity of 12500 spindles.

Later in 1982, R.L.Toshniwal purchased the entire shares of RIICO. Besides increasing the spinning capacity to 119188 spindles, company also started production of fabric in 1993. The same year, it commenced cloth weaving activity by setting up a state-of-art weaving plant to manufacture quality fabrics in the brand name of ‘BANTEX’ mainly for domestic market.

In the year 2004, Banswara Syntex started manufacturing of readymade garments and cotton spinning. For readymade garments, a separate unit was set up at Daman to manufacture trousers in the brand name of ‘INTEGRATION’. Second garmenting unit was set up in SEZ at Surat.

One year later in 2005 Banswara Textile Mills, an associate firm engaged in fabric finishing activity was amalgamated with the company. The company is also introducing technical fabric and has setup coating unit for the same.

In 2006, company entered into joint venture with French company Carreman. It started production of made-up's and worsted spinning in 2008.

Presently it is a public limited company with the promoters holding  59.44% of equity share capital.

Company’s present installed capacity is 133588 ring spindles which includes 14400 spindles for worsted yarn spinning, 576 air jet spindles, 194 shuttles-less looms, 12-Air jet jacquard looms, 6 stenters with processing capacity of 4 million meters per month, besides this ready-made garment production capacity for trousers 2.25 lakh pieces and 10000 pieces jackets per month at Daman and Surat. For manufacturing fabrics, it purchases Lycra from international brand, Dupont.

In the domestic market, company caters to major customers includes Raymonds, Reliance Industries, Grasim Industries, Siyaram Silk Mills, Rajasthan Spg. & Wvg. Mills, Donear Suitings, Arviva, Bombay Dyeing & Manufacturing Mills, Indian Rayon, Life Style International etc.

Product range of the company includes:

  • Yarn
  • Fabrics
  • Readymade Garments
  • Fire Retardant Fabric

Exports - Banswara Syntex exports its products to more than 50 countries including US, UK, Canada, Spain, Germany, Italy, France, Philippines, Turkey and GCC countries.

Awards/recognition

  • Banswara Syntex is a government recognized two star export house.
  • The company has also received IS/ISO 9001:2000 certification by the Bureau of Indian Standards.
  • In the year 2007-08, company bagged award for highest export performance in the category of man made fibre blended fabrics.
Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.