X

Hind Syntex Ltd Stock Analysis

Small Cap
Evaluated by 116 users | BSE: 503881 | NSE: HINDSYNTEX |
Textile - Manmade Fibres
In 1982, Ravi Mohan promoted Hind Syntex Ltd. to manufacture synthetic blended Yarn. The first unit of the company was setup in the outskirts of Dewas to provide employment to the local population and the second unit, was setup in 1991, in the outskirts of Bhopal. Currently the company is one...

Analysis of Financial Track Record

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
 Mar'09Mar'10Mar'11Mar'12Sep'13Mar'14Mar'15Mar'16Mar'17Mar'18
Return on Capital Employed -8.59%-5.27%5.39%-18.16%122.4%-23.03%-0.73%1.86%-6.19%-51.85%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 62.273.510611599.248.138.440.540.442.9
Y-o-Y Gr. Rt.-18.3%43.8%8.4%-13.5%-51.5%-20.2%5.4%-0.1%6%
Adjusted EPS (Rs.) -8.5-7.15-1.91-8.859.99-2.95-0.040.1-0.34-2.24
Y-o-Y Gr. Rt.-NANANANA-129.5%NANA-440%NA
Book Value per Share (Rs.) -8.36-15.11-13.25-21.594.2210.585.425.535.233.3
Adjusted Net Profit -9.2-7.8-2.4-11.312.7-3.8-0.10.1-0.4-2.9
Net Op. Cash Flow (Rs. Cr.) -0.10.2-0.60.523.92.7-0.80.41-0.5
Debt to Cash Flow from Ops -882.56307.42-87.37117.10.030000.080
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Hind Syntex Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -4.1%-15.4%3.7%6%
Adjusted EPS NA-174.2%NANA
Book Value per Share 0-4.8-15.2-36.9
Share Price -5.2% -33.4% -32.6% -59%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'09Mar'10Mar'11Mar'12Sep'13Mar'14Mar'15Mar'16Mar'17Mar'18
Return on Equity (%) 209.9960.9414.650.82-196.71-25.35-0.761.85-6.33-52.43
Operating Profit Margin (%) -2.172.997.47-0.73.88-4.410.371.080.1-7.48
Net Profit Margin (%) -14.87-10.57-2.3-9.8212.81-7.8-0.140.32-1.07-6.64
Debt to Equity -7.44-4.56-3.29-1.960.120000.010
Working Capital Days 1411109410156210107575860
Cash Conversion Cycle 6952535821-19-15-3-16-39
Entity Percentage Holding
Promoters 48.24%
Institutions 14.55%
Non-Institutions 37.21%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Hind Syntex Ltd's performance infers:

Hind Syntex Ltd earnings have declined by -174.2%, whereas share price has depreciated -33.4% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Hind Syntex Ltd share prices over the last 10 years. Here is what we found out:

Hind Syntex Ltd share price has depreciated -11.5% annually over the past ten years.

In 1982, Ravi Mohan promoted Hind Syntex Ltd. to manufacture synthetic blended Yarn. The first unit of the company was setup in the outskirts of Dewas to provide employment to the local population and the second unit, was setup in 1991, in the outskirts of Bhopal. Currently the company is one of the leading producer of synthetic blended yarn in the country.

Hind Syntex is a part of Hind group of companies. The Hind Group of Companies, Hind Filters Ltd., Hind Syntex Ltd., Hind Spinners

In 1982, Ravi Mohan promoted Hind Syntex Ltd. to manufacture synthetic blended Yarn. The first unit of the company was setup in the outskirts of Dewas to provide employment to the local population and the second unit, was setup in 1991, in the outskirts of Bhopal. Currently the company is one of the leading producer of synthetic blended yarn in the country.

Hind Syntex is a part of Hind group of companies. The Hind Group of Companies, Hind Filters Ltd., Hind Syntex Ltd., Hind Spinners (Division of Hind Syntex Ltd.) & Dewas Soya Ltd., have been promoted by Ravi Mohan, who belongs to one of the oldest business families in India.

Hind Syntex’s Synthetic Spinning Unit was set up in 1983 to manufacture Polyester/Viscose and 100% Viscose Electronically cleared, Spliced Autoconed, TFO and Non-TFO, Blended Yarn both Raw White and Dyed, at Village Birgod, District Dewas, M.P., India, with initial complement of 19200 Spindles, and in two years time it became the leading manufacturer of high quality Blended Yarn in India. The capacity of the spinning unit was increased and at present it has 28,800 spindles running entirely on Dyed Yarn.The Hind Group of Companies, Hind Filters Ltd., Hind Syntex Ltd., Hind Spinners (Division of Hind Syntex Ltd.) & Dewas Soya Ltd., have been promoted by Mr.Ravi Mohan, who belongs to one of the oldest business families in India.

Hind Syntex has also setup a new Synthetic Spinning Unit, Hind Spinners (Div. of Hind Syntex) with an initial complement of 28320 Spindles at Pillukhedi, near Bhopal to manufacture Polyester/ Viscose/ 100% Polyester and 100% Viscose electronically cleared, Spliced Auto Coned Raw White in 1991. 8448 new Spindles have been added to this unit in the year 1998 making at total of 36768 spindle in this unit.

It is exporting, Polyester/Viscose, Spliced Auto coned, TFO Yarn both Raw White and Dyed to the leading Fabric manufacturers in UK and Europe, for the last five years.The mills have state of art machinery from Lakshmi-Rieter, Vouk, Schlafhorst, Volkmann etc. at both Dewas & Bhopal Units. They have a competent team of qualified Textile Technologists, Engineers and Commercial Managers to look after its production, sales and distribution. Hind Syntex is quoted on the Mumbai, Calcutta and Indore Stock Exchanges. The Equity Capital is Rs. 108.87 million and Reserves are Rs. 84 million.The company has setup a captive power station of 2.5 MW capacity at Hind Syntex Ltd. Birgod Unit. 

Hind Spinners is a division of Hind Syntex- a new Synthetic Spinning Unit of 28, 320 spindles was set up at Pillukhedi, near Bhopal MP India, to manufacture Polyester/ Viscose/100% polyster and 100% Viscose Electronically cleared, Spliced Autoconed Raw White Yarn in 1991. 8448 new spindles have been added to this unit in the year 1998 making at total of 36768 spindles in this unit.

Product manufactured by the company:

The company manufactures Single as well as Doubled Dyed & Grey Yarn for domestic and export markets in count range from 1/10 to 1/30 autoconed and 2/10’s to 2/30’s in Auto TFO quality. For domestic market we also manufacture 2/30’s non Auto TFO quality, in Grey & Dyed.

Achievements/ recognition:

The company is ISO 9002 certified by Bureau of Indian Standards.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

Callback