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CLC Industries Ltd. Stock Analysis

Small Cap
Evaluated by 136 users | BSE: 521082 | NSE: SPENTEX |
Textile - Spinning
Spentex Industries Ltd. was incorporated on November 25, 1991. The Company has been jointly promoted by CESCON Ltd. and KEC International Ltd. for setting up a project for the manufacture of combed cotton yarn at Baramati in Maharashtra.Spentex Industries has emerged as one of the leading...

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'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 3.76%16.31%-22.79%15.63%10.17%-3.41%-8.35%-15.43%-83.24%-28.97%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 7301,0609681,1301,143891799781480245
Y-o-Y Gr. Rt.-45.3%-8.7%16.7%1.2%-22%-10.3%-2.3%-38.5%-49%
Adjusted EPS (Rs.) -3.544.99-20.751.35-1.47-7.6-9.22-9.32-16.74-2.77
Y-o-Y Gr. Rt.-NA-515.8%NA-208.9%NANANANANA
Book Value per Share (Rs.) 9.2914.61-9.52-6.32-7.22-14.27-23.28-30.91-49.95-52.33
Adjusted Net Profit -26.140.6-17311.9-13.2-68.2-82.8-83.7-150-24.9
Net Op. Cash Flow (Rs. Cr.) 41.299.276.261.390.71041.861.46.86.8
Debt to Cash Flow from Ops 12.624.736.38.035.34.23306.478.5277.7976.51
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.
CLC Industries Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -11.4%-26.5%-32.6%-49%
Adjusted EPS NANANANA
Book Value per Share -221.2000
Share Price -24.2% -20.9% -51% 59.5%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) -32.4641.45-806.88-18.1322.7175.352.5636.0542.725.49
Operating Profit Margin (%) 4.3513.99-4.88.986.51.28-0.23-6.35-7.79-22.46
Net Profit Margin (%) -3.573.83-17.851.06-1.16-7.65-10.36-10.72-31.29-10.15
Debt to Equity 7.593.95-6.05-8.82-7.4-3.45-2.7-1.88-1.17-1.11
Working Capital Days 16413513294102120120114121133
Cash Conversion Cycle 17133-82-11-512-7-45
Entity Percentage Holding
Promoters 42.10%
Institutions 0.03%
Non-Institutions 57.87%
Pledged *100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of CLC Industries Ltd.'s performance infers:

CLC Industries Ltd. earnings have grown by 0%, whereas share price has depreciated -20.9% 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 CLC Industries Ltd. share prices over the last 10 years. Here is what we found out:

CLC Industries Ltd. share price has depreciated -31% annually over the past ten years.

Spentex Industries Ltd. was incorporated on November 25, 1991. The Company has been jointly promoted by CESCON Ltd. and KEC International Ltd. for setting up a project for the manufacture of combed cotton yarn at Baramati in Maharashtra.

Spentex Industries has emerged as one of the leading textile company of India. With its vision of 'Going Beyond Tomorrow', it has shown consistent performance and innovation to become one of the largest yarn manufacturer in India.
Spentex Industries Ltd. was incorporated on November 25, 1991. The Company has been jointly promoted by CESCON Ltd. and KEC International Ltd. for setting up a project for the manufacture of combed cotton yarn at Baramati in Maharashtra.

Spentex Industries has emerged as one of the leading textile company of India. With its vision of 'Going Beyond Tomorrow', it has shown consistent performance and innovation to become one of the largest yarn manufacturer in India. Its success is deeply rooted in the finest quality cotton and synthetic yarns it manufactures at its 9 state of the art manufacturing facilities both in India and abroad.

CLC Enterprises was founded in the mid 20th century under the stewardship of Shri Chiranji Lal Choudhary, the founder patriarch. With his sheer determination and hard work, the Company moved ahead on the path of success through trading and agency business in the Textile sector.

With a humble beginning, it has moved on to become one of the largest Textile Conglomerate of India.

Product range of the company  includes:
  • Cotton Yarn
  • Synthetic & Blended Yarn
  • Cotton Fabric (Grey, Bleached & Dyed)
  • Synthetic and Blended Fabric (Grey, Bleached & Dyed)
Milestones:
  • 2007:Acquisition of Schoeller Textil, Czech Republic
          -Merger of Indo Rama Textiles Ltd. in Spentex Industries Ltd.
  •  2006: Acquisition of Nagpur and Indore Units (Indo Rama Textiles Ltd.)
        -Acquisition of Kolhapur Unit (Amit Spinning Industries Ltd.)
        -Acquisition of Tashkent Toytepa Tekstil Ltd., Uzbekistan
        -Allotment of first QIP.
  •  2005:Merger of all group companies in Spentex Industries Ltd.
       - Signed agreement with Bombay Dyeing & Manufacturing Co. Ltd. to set up a contract manufacturing facility with 50,000 spindles at Solapur unit.
        -Expansion of Baramati unit with 36,000 spindles.
        -Equity participation by Citigroup’s Venture Capital Arm: CVCI.
  •  2004:Acquisition of Baramati Unit (Spentex Industries Ltd.)
  •  2003:Acquisition of Solapur Unit (Cimmco Spinners).
  •  2001:Merger of textile trading division with CLC Global Ltd.

Achievements/ recognition:

Awards
  • Bronze Trophy for export performance in Fabrics Category (Grey) for the year 2006-07.
  • Gold Trophies for export performance in Fabrics amongst Merchant Exporters for the year 2005-06.
  • Gold Trophies for export performance in Fabrics amongst Merchant Exporters for the year 2004-05.
  • Bronze Trophy for export performance in Yarn amongst Merchant Exporters for the year 2003-04.
  • Gold Trophies for export performance in Fabrics amongst Merchant Exporters for the years 2002-03.
  • Gold Trophies for export performance in Fabrics amongst Merchant Exporters for the years 2001-02.
  • Silver Trophy for export performance in Fabrics amongst Non-Quota Category for the year 2001-02.Developing the light industry of the Republic of Uzbekistan. And many more.
Certification
  • Spentex Solapur has been certified by ISO 9001:2000 for Quality Management System.
  • Spentex Kolhapur has been certified by ISO 9001:2000 for Quality Management System.
  • Spentex Butibori has been certified by ISO 9001:2000 for Quality Management System.
  • Spentex Butibori has been certified by ISO 140001:2004 for Environmental Management System.
  • Spentex Pithampur has been certified by ISO 9001:2000 for Manufacture and Supply of Yarn.
  • Spentex Industries Ltd. has been certified by Oeko-Tex for 100% harmless substance free cotton yarn and fibre raw.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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