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Cheslind Textiles Ltd.- (Amalgamation) Stock Analysis

Small Cap
Evaluated by 44 users | BSE: 521056 | NSE: CHESLINTEX |
Textile - Spinning
Cheslind Textiles incorporated in 1989, is engaged in the business of manufacturing combed cotton yarn and knitted fabrics. In 1992, the company set up a 100% export oriented unit for combed cotton yarn. Company is a subsidiary of RSWM which is engaged in the business of manufacturing...

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'05Mar'06Mar'07Mar'08Mar'09Mar'10Mar'11Sep'12Mar'13Mar'14
Return on Capital Employed 2.14%5.55%2.34%0.5%-14.15%3.13%15.05%-14.72%8.67%11.54%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 13812612498.8117133185166207261
Y-o-Y Gr. Rt.--8.1%-1.6%-20.6%18.2%13.8%39.4%-10.3%24.8%25.7%
Adjusted EPS (Rs.) -0.461.53-0.54-1.77-11.49-1.375.05-4.512.070.52
Y-o-Y Gr. Rt.-NA-135.3%NANANANA-189.3%NA-74.9%
Book Value per Share (Rs.) 26.1125.7126.4224.369.968.5713.643.3612.147.1
Adjusted Net Profit -1.13.5-1.3-4.1-26.5-3.211.7-20.49.42.4
Net Op. Cash Flow (Rs. Cr.) 11.81.718.5-7.3-2-10.615.78.838.210.2
Debt to Cash Flow from Ops 5.6846.173.96-12.58-51.91-9.816.366.243.998.19
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.
Cheslind Textiles Ltd.- (Amalgamation) should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 7.4%17.4%12.1%25.7%
Adjusted EPS NANA-53.1%-74.9%
Book Value per Share -13.5-6.6-19.6-41.5
Share Price - - - -
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'05Mar'06Mar'07Mar'08Mar'09Mar'10Mar'11Sep'12Mar'13Mar'14
Return on Equity (%) -1.715.68-2.02-6.93-66.54-14.7445.51-112.6818.67.86
Operating Profit Margin (%) 9.3615.138.993.43-4.4412.2617.140.0912.078.39
Net Profit Margin (%) -0.782.79-1-4.13-22.72-2.376.3-12.294.520.9
Debt to Equity 1.111.311.21.644.595.273.183.62.772.6
Working Capital Days 1371521531791591321118015685
Cash Conversion Cycle 68727995856469474622
Entity Percentage Holding
Promoters 74.40%
Institutions 6.57%
Non-Institutions 19.03%
Pledged *22.6222.6222.6222.6222.6222.6222.6222.6222.6222.62
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

Data is not available for this company.

Data is not available for this company

Cheslind Textiles incorporated in 1989, is engaged in the business of manufacturing combed cotton yarn and knitted fabrics. In 1992, the company set up a 100% export oriented unit for combed cotton yarn. Company is a subsidiary of RSWM which is engaged in the business of manufacturing synthetic cotton yarn, cellulosic blended grey and dyed yarn, cotton melange yarn, blended fabric and denim fabric.

Cheslind Textiles’ headquarter is located at Read More

Cheslind Textiles incorporated in 1989, is engaged in the business of manufacturing combed cotton yarn and knitted fabrics. In 1992, the company set up a 100% export oriented unit for combed cotton yarn. Company is a subsidiary of RSWM which is engaged in the business of manufacturing synthetic cotton yarn, cellulosic blended grey and dyed yarn, cotton melange yarn, blended fabric and denim fabric.

Cheslind Textiles’ headquarter is located at Bangalore. Its manufacturing units are located at Tamil Nadu (2) and Pondicherry (1). Company is listed on Bombay Stock Exchange (BSE), National Stock Exchange (NSE) and Madras Stock Exchange (MSE). Cheslind has been accredited ISO 9001-2000 by BVQI for its quality management.

Internationally the company has customer base located at Switzerland, Italy, Germany, Mauritius, Turkey, Korea, Japan and Hong Kong. Besides this products are also marketed in countries like Indonesia, Pakistan, Sri Lanka and Bangladesh.

Cheslind manufactures a wide range of products from Ne 24s to Ne 110s, both single and TFO doubled and Gassed products from as many as five raw material mixes. Raw materials include specially selected imported varieties like US Pima, Egyptian Giza, West African and Chinese. Indigenous cottons include Shankar 6 and MCU 5. Products may be used for hosiery or weaving applications and are tailor-made to suit customers' specifications.

Products

  • 100% COMBED COTTON YARN
  • Single yarn for knitting and weaving application, product range Ne 24/1 to Ne 120/1
  • TFO Doubled yarns for knitting and weaving application, product range Ne 30/2 to Ne 120/2
  • Elite (Compact) yarns,  product range Ne 30/1 to Ne 100/1
  • Gas and rewound yarns, product range Ne 30/2 to Ne 120/2 TFO
  • Single and TFO Doubled yarn, soft cones on ready to dye packages

Future Plans

Cheslind Textiles is involved in an ongoing process and continuous improvements are being carried out in the Plant & Machinery maintenance and the quality of the finished products.

Company also plans to improve the productivity and quality by process control and development of new value added products are in progress like Bamboo Cotton gassed yam, Modal Cotton blends and organic yarn for Hosiery industry.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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