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Patspin India Ltd. Stock Analysis

Small Cap
Evaluated by 174 users | BSE: 514326 | NSE: PATSPINLTD |
Textile - Spinning
Patspin India was incorporated on September 20, 1991 as a public limited company under the Companies Act 1956 with its registered office at Cochin in the State of Kerala. The certificate for commencement of business was obtained on September 30, 1991. The company has been promoted by GTN...

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 11.51%0.43%2.41%9.55%4.19%9.91%10.34%4.02%7.94%-1.98%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 425426462610554496532523549393
Y-o-Y Gr. Rt.-0.2%8.5%32%-9.1%-10.5%7.1%-1.6%4.9%-28.3%
Adjusted EPS (Rs.) 7.53-5.88-4.142.29-2.80.291.63-3.71-0.1-7.54
Y-o-Y Gr. Rt.--178.1%NANA-222.3%NA462.1%-327.6%NANA
Book Value per Share (Rs.) 14.857.232.123.491.361.614.63.363.52-4.46
Adjusted Net Profit 23.3-18.2-12.87.1-8.70.95-11.5-0.3-23.3
Net Op. Cash Flow (Rs. Cr.) 15.235.731.135.375.265.247.147.737.634.5
Debt to Cash Flow from Ops 19.558.659.718.533.453.515.244.334.824.3
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.
Patspin India Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -0.9%-6.7%-9.6%-28.3%
Adjusted EPS -200%NA-266.6%NA
Book Value per Share -187.5-226.8-199-226.7
Share Price -7.9% -9.4% -48.1% -20.9%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 59.72-44.22-46.4524.89-30.933.6310.92-17.85-0.51-50.74
Operating Profit Margin (%) 18.024.426.5310.215.549.839.735.716.730.09
Net Profit Margin (%) 5.48-4.27-2.771.16-1.560.180.95-2.19-0.06-5.93
Debt to Equity 5.6210.5112.399.6310.498.9817.3519.916.62-10.75
Working Capital Days 11513612610610910193999391
Cash Conversion Cycle 668868524424313417-7
Entity Percentage Holding
Promoters 65.00%
Institutions 0.02%
Non-Institutions 34.99%
Pledged *36.2636.2636.2636.2636.2636.2636.2636.2636.2636.26
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Patspin India Ltd.'s performance infers:

Patspin India Ltd. earnings have grown by 0%, whereas share price has depreciated -9.4% 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 Patspin India Ltd. share prices over the last 10 years. Here is what we found out:

Patspin India Ltd. share price has depreciated -14.2% annually over the past ten years.

Patspin India was incorporated on September 20, 1991 as a public limited company under the Companies Act 1956 with its registered office at Cochin in the State of Kerala. The certificate for commencement of business was obtained on September 30, 1991. The company has been promoted by GTN Textiles Limited, Itochu Corporation Japan & Kerala State Industrial Development Corporation Ltd.

The company is manly engaged in manufacture and export of cotton yarn. The products include cotton

Patspin India was incorporated on September 20, 1991 as a public limited company under the Companies Act 1956 with its registered office at Cochin in the State of Kerala. The certificate for commencement of business was obtained on September 30, 1991. The company has been promoted by GTN Textiles Limited, Itochu Corporation Japan & Kerala State Industrial Development Corporation Ltd.

The company is manly engaged in manufacture and export of cotton yarn. The products include cotton yarn, processed yarn, knitted fabric, compact yarn and other speciality yarns.

The success of GTN spilled over to create a new story. The dream was given a new name- Patspin. One of the first EOU company in India. Housed in exotic ambience of an Italian villa. Driven by technology & advancements. About half the capacity dedicated to compact spinning.

Patspin India has an ISO 9002 certified 100 percent EOU yarn processing unit in Kerala which produces yarn that confirms to international standards.

Patspin had come out with a rights issue to finance the expansion of its capacity by 16,128 spindles which it did successfully in December 1996.

Product range of the company includes:

  • Cotton Yarn
  • Processed Yarn
  • Knitted Fabric
  • Compact Yarn
  • Other Speciality Yarns

Achievements/ recognition:

  • Texprocil Gold Award for Excellence for 18 year
  • The first Indian spinner to be given the Cotton USA Brand Licence
  • The first Indian spinner to be given the Cotton Supima Brand Licence
  • ISO 9001

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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