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Shree Rajasthan Syntex Ltd Stock Analysis

Small Cap
Evaluated by 47 users | BSE: 503837 | NSE: SHRERAJSYN |
Textile - Manmade Fibres
Shree Rajasthan Syntex is a part of Rs 150-crore Shree Rajasthan Group. The company was incorporated on November 15, 1979 in Rajasthan and was promoted jointly by Rajasthan State Industrial Development & Investment Corporation Limited (RIICO) and three technocrats viz. Ladia,...

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'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 8.87%-1.99%5.97%7.25%5.07%5.76%7.31%3.26%-12.57%-11.79%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 30828328528829726025522617269.3
Y-o-Y Gr. Rt.--8%0.7%1.1%3.2%-12.7%-1.7%-11.4%-23.9%-59.7%
Adjusted EPS (Rs.) 7.7-13.85-0.790.51-3.02-2.39-0.95-4.16-18.54-15.76
Y-o-Y Gr. Rt.--279.9%NANA-692.2%NANANANANA
Book Value per Share (Rs.) 44.5130.3129.5729.9827.7426.0524.8120.127.45-7.75
Adjusted Net Profit 9-16.3-10.6-3.8-3-1.2-5.7-25.4-21.6
Net Op. Cash Flow (Rs. Cr.) 13.633.81625.523.919.912.75.210.9-6.6
Debt to Cash Flow from Ops 11.314.067.784.964.875.268.1418.748.45-15.01
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.
Shree Rajasthan Syntex Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -15.3%-25.3%-35.2%-59.7%
Adjusted EPS -208.3%NANANA
Book Value per Share -182.4-177.5-167.9-204
Share Price -12.1% -17.2% -25.9% 148.1%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 18.2-36.93-2.71.7-10.48-8.88-3.83-18.98-134.4610283.12
Operating Profit Margin (%) 11.130.527.678.35.635.96.741.22-7.07-5.64
Net Profit Margin (%) 2.94-5.75-0.340.22-1.26-1.14-0.49-2.52-14.77-31.16
Debt to Equity 2.933.853.43.43.383.243.23.529.02-9.39
Working Capital Days 126134119121123143153168179348
Cash Conversion Cycle 61624445443822100-50
Entity Percentage Holding
Promoters 47.40%
Institutions 0.02%
Non-Institutions 52.57%
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 Shree Rajasthan Syntex Ltd's performance infers:

Shree Rajasthan Syntex Ltd earnings have grown by 0%, whereas share price has depreciated -17.2% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

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

Shree Rajasthan Syntex Ltd share price has depreciated -14.2% annually over the past ten years.

Shree Rajasthan Syntex is a part of Rs 150-crore Shree Rajasthan Group. The company was incorporated on November 15, 1979 in Rajasthan and was promoted jointly by Rajasthan State Industrial Development & Investment Corporation Limited (RIICO) and three technocrats viz. Ladia, Satish Chandra Agarwal and SR Jain. The company is engaged in the manufacturing of polyester, acrylic & viscose yarns of various counts and blends.

The company's plant is located at

Shree Rajasthan Syntex is a part of Rs 150-crore Shree Rajasthan Group. The company was incorporated on November 15, 1979 in Rajasthan and was promoted jointly by Rajasthan State Industrial Development & Investment Corporation Limited (RIICO) and three technocrats viz. Ladia, Satish Chandra Agarwal and SR Jain. The company is engaged in the manufacturing of polyester, acrylic & viscose yarns of various counts and blends.

The company's plant is located at Dungarpur in Rajasthan with a capacity to produce 12,000 tonne per annum. Its products include dyed-polyester viscose blended yarn, dyed 100% viscose/100% polyester yarn. The plant manufacturers a range of quality and high value yarns on Cross Roll (UK), Lakshmi Reiter, Schlafhorst (Germany), Savio (Italy) and Leewha (Korea) machines.

The unit has been leader in supply of dyed yarn in domestic markets. A wide variety of yarns ranging from counts Ne 15 to 30 is produced by quality twisting on TFO machines. The unit is producing dyed, milange, grindle, roving grindle and machine slub qualities among other special effect yarns. There is a very large shade range to match colour/effects of various yarns in normal twist as well as reverse twist. The company is exporting its products to Chile, Germany, Kenya, Spain, Syria, Jordan, Brazil, Egypt, Turkey, etc.

In 1989, as a part of its modernisation programme, the company undertook installation of latest carding machines during the year.  The company's high value fancy yarns and new varieties were well received in the market.

The registered office of the company is located at SRSL House, NH-8, Pulla Bhuwana Road, Udaipur, Rajasthan-313004.

Business area of the company:

The company's principal activity is to manufacture and market synthetic blended yarn, cotton yarn and polypropylene multifilament yarn.

Grey yarn - Grey yarn is produced using blends of different synthetic fibre such as polyester/viscose, 100% viscose yarn, 100% polyester fibre yarn and pure cotton. These qualities are produced in SRT division and polycot division of the company. The company has niche markets for 100% viscose fibre yarn. Specialty fibre yarns were developed for industrial and home textile applications.

Dyed yarn - Dyed yarn is produced at Syntex division of the company. These yarns are relatively higher value-added products and made according to customers specification of blend, counts and shades. The company has specialty in producing home textile dyed yarns for end use such as carpets, tapestry and upholstery.

PMF yarn - Polypropylene multifilament yarn is produced at Shree Shyam Filament division of the company at Bagru, Jaipur, POY and texturised yarn is produced for knitting, socks and furnishing applications. BCF yarn is produced for carpet applications.

Group companies:

  • Shree Shyam Filaments
  • Shree Rajasthan Texchem
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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