Pasupati Spinning & Weaving Mills Ltd - Stock Valuation and Financial Performance

BSE: 503092 | NSE: PASUPATSPG | Textile - Spinning | Small Cap

Pasupati Spinning Share Price

30.49 0.51 1.70%
as on 28-Mar'24 16:01

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Pasupati Spinning & Weaving Mills stock performance -

mw4me loader
P/E Ratio (SA):
284.69
Market Cap:
28.5 Cr.
52-wk low:
15.4
52-wk high:
40.1

Is Pasupati Spinning & Weaving Mills Ltd an attractive stock to invest in?

1. Is Pasupati Spinning & Weaving Mills Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Pasupati Spinning & Weaving Mills Ltd is a below average quality company.

2. Is Pasupati Spinning & Weaving Mills Ltd undervalued or overvalued?

The key valuation ratios of Pasupati Spinning & Weaving Mills Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Pasupati Spinning & Weaving Mills Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Pasupati Spinning & Weaving Mills Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Pasupati Spinning:

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.
Pasupati Spinning & Weaving Mills Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 7.3%5.9%6%7.4%7.3%6.3%5.2%-2.9%2.7%5.3%-
Value Creation
Index
-0.5-0.6-0.6-0.5-0.5-0.6-0.6-1.2-0.8-0.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 20820418915112311611368.8105141116
Sales YoY Gr.--1.8%-7.4%-19.9%-18.6%-5.8%-2.4%-39.3%52.9%34.2%-
Adj EPS 0.700.10.80.60.6-0-6.2-0.31.10.1
YoY Gr.--95.5%300%575%-29.6%3.5%-106.8%NANANA-
BVPS (₹) 3030.230.332.833.634.134.130.630.631.932.1
Adj Net
Profit
0.600.10.80.50.60-5.8-0.310
Cash Flow from Ops. 5.9133.8-0.73.3-4.20-6.77.1-
Debt/CF from Ops. 8.648.716.210.6-61.814-11.63284.5-87.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -4.2%2.7%7.6%34.2%
Adj EPS 5.5%13.4%NANA
BVPS0.7%-1%-2.3%4.1%
Share Price 5.8% 8.4% 82% 98.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
2.20.10.42.61.71.7-0.1-19.1-1.13.40.3
Op. Profit
Mgn %
4.545.36.36.96.66.405.33.24.2
Net Profit
Mgn %
0.300.10.50.40.5-0-8.4-0.30.70.1
Debt to
Equity
1.81.81.71.31.41.51.51.71.91.7-
Working Cap
Days
107117128158198214235393255190103
Cash Conv.
Cycle
6060689011913314022816012910

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 0.30%

Debt to equity has declined versus last 3 years average to 1.72

Sales growth has been subdued in last 3 years 7.57%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at -10.54%

Latest Financials - Pasupati Spinning & Weaving Mills Ltd.

Standalone Consolidated
TTM EPS (₹) 0.1 -
TTM Sales (₹ Cr.) 116 -
BVPS (₹.) 32.1 -
Reserves (₹ Cr.) 21 -
P/BV 0.95 -
PE 284.69 -
From the Market
52 Week Low / High (₹) 15.35 / 40.06
All Time Low / High (₹) 2.00 / 135.00
Market Cap (₹ Cr.) 28.5
Equity (₹ Cr.) 9.3
Face Value (₹) 10
Industry PE 29.1

Management X-Ray of Pasupati Spinning:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *10.0010.0010.0010.0010.0010.0010.0010.0010.0010.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Pasupati Spinning

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
Sales207.82204.09189151.44123.28116.15113.3668.80105.16141.09
Operating Expenses 199.70195.92179.18141.89114.89109.16106.0768.8799.56136.58
Manufacturing Costs47.2455.5054.1841.6339.0337.3336.492135.0338.79
Material Costs119.69109.4792.9967.0243.0239.2637.9027.5336.4963.33
Employee Cost 12.8415.7117.6619.1120.6820.9820.6912.8018.9021.49
Other Costs 19.9415.2514.3614.1212.1511.5910.997.549.1412.97
Operating Profit 8.128.179.829.568.406.997.29-0.075.604.51
Operating Profit Margin (%) 3.9%4.0%5.2%6.3%6.8%6.0%6.4%-0.1%5.3%3.2%
Other Income 3.112.640.952.052.503.022.451.101.703.31
Interest 7.306.616.546.776.886.125.885.023.544.75
Depreciation 3.364.034.014.183.633.643.753.773.722.03
Exceptional Items -0.990000003.8800
Profit Before Tax -0.420.180.220.660.380.250.11-3.870.031.04
Tax 0.05-0.010.10-0.16-0.230.150.06-0.79-0.02-0.05
Profit After Tax -0.460.190.120.820.610.100.05-3.090.051.10
PAT Margin (%) -0.2%0.1%0.1%0.5%0.5%0.1%0.0%-4.5%0.0%0.8%
Adjusted EPS (₹)-0.50.20.10.90.70.10.1-3.30.11.2
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 27.9628.1528.2730.6631.3331.8231.8828.5428.5729.74
Share Capital 9.349.349.349.349.349.349.349.349.349.34
Reserves 18.6218.8118.9321.322222.4822.5419.2019.2420.40
Minority Interest0000000000
Debt47.7047.9545.8537.8940.0941.4942.1541.3346.7843.13
Long Term Debt14.3512.4710.062.410.870.430.241.758.585.93
Short Term Debt33.3535.4835.7935.4839.2241.0641.9139.5838.2037.20
Trade Payables23.1024.3021.932016.1917.1018.9816.5012.0710.40
Others Liabilities 14.3113.8614.0621.9622.5120.4220.4917.8919.8519.60
Total Liabilities 113.07114.26110.12110.50110.13110.83113.49104.26107.28102.86

Fixed Assets

Gross Block204.40204.13205.27210.38203.93204.18205.42205.67207.94210.59
Accumulated Depreciation158.44160.90164.90169.08165.02168.34172.09175.69179.36180.84
Net Fixed Assets45.9643.2440.3641.3038.9135.8433.3329.9728.5729.74
CWIP 0.1700.05000.390.060.050.220
Investments 0.110.110.110.070.050.070.050.060.060.07
Inventories33.6136.3334.1431.4230.1433.9434.3230.0532.8429.85
Trade Receivables23.3524.4325.3028.9529.8626.1830.9028.3131.0929.73
Cash Equivalents 3.033.594.203.113.136.102.323.731.842.63
Others Assets6.856.585.975.668.048.3212.5012.0912.6610.83
Total Assets 113.07114.26110.12110.50110.13110.83113.49104.26107.28102.86

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 5.851.043.033.84-0.723.31-4.150.01-6.687.13
PBT 0.580.180.220.660.380.490.11-4.220.021.14
Adjustment 8.499.259.569.709.179.738.724.306.736.13
Changes in Working Capital 3.88-2.84-0.91-0.74-4.54-1.44-7.624.6-9.794.29
Tax Paid -0.040.03-0.02-0.12-0.15-0.24-0.26-0.20-0.35-0.17
Cash Flow From Investing Activity -6.57-0.85-1.03-4.92-1.31-1.30-0.77-0.36-2.22-2.83
Capex -6.74-1.04-1.18-5.07-1.48-1.40-0.92-0.45-2.29-2.92
Net Investments 000-0.030.03-0.020000
Others 0.160.190.150.170.140.110.150.090.070.08
Cash Flow From Financing Activity 0.530.37-1.390.362.050.931.052.078.04-4.28
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -0.09-1.77-1.70-1.17-1.54-1.58-0.514.076.35-1.21
Interest Paid 0000000000
Dividend Paid 0000000000
Others 0.632.130.311.533.592.511.56-21.69-3.06
Net Cash Flow -0.200.560.61-0.720.022.93-3.871.73-0.860.02
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-1.650.670.432.781.970.310.15-10.220.183.77
ROCE (%)8.828.668.679.989.888.297.571.464.517.12
Asset Turnover Ratio1.931.81.681.371.121.051.010.630.991.34
PAT to CFO Conversion(x)N/A5.4725.254.68-1.1833.1-83N/A-133.66.48
Working Capital Days
Receivable Days4243486587889215710379
Inventory Days546368799110111017110981
Payable Days59799111415415517423514365

Pasupati Spinning & Weaving Mills Ltd Stock News

Pasupati Spinning & Weaving Mills Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Pasupati Spinning on 28-Mar-2024 16:01 is ₹30.49.
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 Pasupati Spinning stood at ₹28.47.
The latest P/E ratio of Pasupati Spinning as of 28-Mar-2024 16:01 is 284.7.
The latest P/B ratio of Pasupati Spinning as of 28-Mar-2024 16:01 is 0.95.
The 52-week high of Pasupati Spinning is ₹40.06 and the 52-week low is ₹15.35.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Pasupati Spinning is ₹115.7 ( Cr.) .

About Pasupati Spinning & Weaving Mills Ltd

Pasupati Spinning & Weaving Mills was incorporated in the year 1981 under the kind guidance of CEO Ramesh Kumar Jain.

It is the flagship company of the Pasupati conglomerate that has a sales turnover of $235 million. The group has interests in fabrics, bed sheets, acrylic fibre, cotton and polyester blended yarn as well as commodity trading. Within 25 years of its inception, the company has evolved into one of the most updated, professionally managed and growth oriented textile companies in India. Today it is the second largest polyester thread manufacturer in India and has an efficiency edge over its competitors. Headquartered in New Delhi -- the capital city of India -- the company is fully geared for innovation, product development, manufacturing and quality assurance. The company's client range from industries like knitwears, weaving, terry towel, carpet, etc.

Pasupati Spinning offers a wide range of optimum quality products encompassing of polyester, nylon and water soluble threads sewing threads, cotton yarn and knitted fabric. Its two-plied yarns are preferred choice of customers.

The company is also into exporting and has spread its operations, thread by thread into the discerning markets of the world like that of South Korea, Japan, Hong Kong, the Philippines, Morocco, Algeria, Egypt, Tunisia, Israel, Italy, Cyprus, Turkey, Croatia, Germany, Portugal, Dominican Republic and Brazil. Today, the company is the largest exporter of sewing thread to Turkey -- the country which is among the largest consumer of sewing threads in the world.

Products & Services offered:

  • 100% cottoncombed/carded yarn for knitting and weaving in single & Tfo double ply
  • 100% spun polyester yarn as well as 100% spun polyester super high tenacity sewing thread
  • Knitted grey hosiery fabric.

Certification:

  • Pasupati Spinning & Weaving Mills Ltd is an ISO 9002 company.
  • It has also achieved OEKO TEX Certification which is recognition of its consistent high quality standards.

Clientele:

Its clients exist in USA, Brazil, Dominican Republic, Canada, Portugal, France, Morocco, Turkey, Algeria, Israel, Mauritius, Switzerland, Spain, Egypt, Bangladesh, Korea, Malaysia, Hong Kong, Singapore. 

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