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Winsome Yarns Ltd. Stock Analysis

Small Cap
Evaluated by 132 users | BSE: 514348 | NSE: WINSOME |
Textile - Spinning
With an eye on increasing business opportunities being offered by the textile industry, Winsome established a spinning unit at Baddi in Himachal Pradesh in 1980. Since then its textile ventures are : Winsome Textile Industries Ltd -- 50,000 spindles  and 9,500 kgs per day of fibre/yarn...

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'12Sep'13Sep'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 2.38%5.79%0.4%0.69%-11.93%-10.32%-5.75%-4.07%-5.24%-16.64%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 222331435512404403375371333250
Y-o-Y Gr. Rt.-48.7%31.5%17.8%-21.1%-0.3%-7%-0.9%-10.3%-24.9%
Adjusted EPS (Rs.) -4.180.75-4.8-5.26-14.83-13.43-4.23-2.35-2.88-7.46
Y-o-Y Gr. Rt.-NA-740%NANANANANANANA
Book Value per Share (Rs.) 16.5821.5116.393.86-10.01-33.59-21.05-23.57-26.09-42.34
Adjusted Net Profit -10.74.4-34-37.2-105-95-29.9-16.6-20.3-52.7
Net Op. Cash Flow (Rs. Cr.) -26.2-16.6-21.672.4-7.313.84.3-11.40.9
Debt to Cash Flow from Ops -17.4-30.66-24.74.58-74.0977.57130.31-562.11413.57624.42
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.
Winsome Yarns Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 1.3%-9.1%-12.6%-24.9%
Adjusted EPS NANANANA
Book Value per Share -211000
Share Price -32.2% 10.8% -27.2% -14.9%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Sep'13Sep'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) -19.474.68-27.18-71.05709.4150.1922.3810.5511.5821.79
Operating Profit Margin (%) 15.5921.635.8710.57-10.11-19.08-1.690.1-1.57-4.14
Net Profit Margin (%) -4.831.33-7.81-7.27-25.95-23.59-7.98-4.48-6.1-21.06
Debt to Equity 10.674.024.5912.1-7.63-4.5-3.75-3.35-3.02-1.86
Working Capital Days 240246265172283418196206234227
Cash Conversion Cycle 11515719111117226111811712384
Entity Percentage Holding
Promoters 38.67%
Institutions 12.98%
Non-Institutions 48.36%
Pledged *95.0395.0395.0395.0395.0395.0395.0395.0395.0395.03
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Winsome Yarns's performance infers:

Winsome Yarns earnings have grown by 0%, whereas share price has appreciated 10.8% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Winsome Yarns share prices over the last 10 years. Here is what we found out:

Winsome Yarns share price has appreciated -28.9% annually over the past ten years.

With an eye on increasing business opportunities being offered by the textile industry, Winsome established a spinning unit at Baddi in Himachal Pradesh in 1980. Since then its textile ventures are :

  • Winsome Textile Industries Ltd -- 50,000 spindles  and 9,500 kgs per day of fibre/yarn dyeing
  • Winsome Yarns Ltd ( 100% EOU.) -- 50,000 Spindles

Winsome Yarn incorporated in 1987 is one of the largest producer of Melange Yarn in India, it produces Melange Yarn

With an eye on increasing business opportunities being offered by the textile industry, Winsome established a spinning unit at Baddi in Himachal Pradesh in 1980. Since then its textile ventures are :

  • Winsome Textile Industries Ltd -- 50,000 spindles  and 9,500 kgs per day of fibre/yarn dyeing
  • Winsome Yarns Ltd ( 100% EOU.) -- 50,000 Spindles

Winsome Yarn incorporated in 1987 is one of the largest producer of Melange Yarn in India, it produces Melange Yarn for circular knitting, socks, weaving and knitwear. Its count range is NE 10s to NE 80s both carded and combed, single & folded. It also offers Gassed Mercerised Melange.Winsome  yarn is one of Leading and ISO 9002 certified manufacturer exporter of raw white, Compact, melange and dyed yarn made of 100% cotton & cotton/ blends with viscose, polyester, modal, linen, wool, silk etc.

It has  most modern plant and machinery ( Rieter Setup ) with 2,00,000 spindles with capacity to produce about 150 tons of yarn per day and dye house to dye about 25 tons of fiber/yarn per day. The company is always trying to improve existing product quality and add new innovative products for esteemed customers. Customer service on top priority,it keep taking regular feedback through surveys and customer communication which in turn helps us not only in enhancing customer relations but also for self-improvement.

  • Raw White– It can offer 100% cotton combed raw white yarns for knitting in Ne24s & Ne30s on cones Also, it can offer Ne40s & Ne50s in compact weaving
  • Melanges â€“ It can offer melanges in 100% cotton & cotton blends like Cot/Viscose,Cot/Poly,Cot/Linen,Cot/Silk,Cot/Coolplus etc Count Range: 10s to 50s
  • Dyed - It can offer dyed in 100% cotton. count range: 10s to 50s.
  • Specialty Products: Yarn containing the fibers listed below can be produced in RW, Melange & Dyed also. Modal, Tencel, Bamboo, Excel, Linen, Pima, Giza, Organic, PLA(Ingeo), PVA, Zero Twist, Soya, Silk, Milk, Cashmere, Wool, Beltron, Bamboo Charcoal, Cozylon, Coolplus, Topcool, Recycled Polyester, Nylon, X-Stretch etc. Besides above the company executes all other possible inquiries in specialty products too as per customers demand and provide after sales support to the buyers like fabric processing guidelines, hang tags, certification etc.

Its forte -- one of the Largest Yarn/ Fiber Dyeing Facility in India Oeko-Tex certification for use of Azo free dyes .

GOTS cerification for organic cotton yarn, wide range of lot sizes from 4 Kg – 2000 Kgs in single Lot. iy also has Oeko-Tex certification for raw white, melange & dyed cellulosic fibers which include cotton, viscose, linen, & modal & GOTS Cerification.

All their spinning units of the company are equipped with latest machinery from Reiter, Lakshmi, Schlafhorst and Murata. Special stress has been given to minimise contamination, both at pre-spinning and post-spinning stages by adding machines like Vision Shield in Blow Room and Schlafhorst-338 with LOEPFE - 9001 (SIRO CLEANER) Contamination Control Channel at winding stage.

The dye house is a fully imported plant with precision winder from SSM, dyeing vessels from Cubotex, hydro extractor from Galvanin & R/F dryer from Stalam. They can develop any shade in Melange / package dyed / fiber dyed yarns here.

Product range of the company includes:

  • 100% Cotton
  • 100% Acrylic
  • Cotton Blends with Viscose
  • Polyester
  • Modal
  • Silk
  • Wool
  • Acrylic
  • Flax/Linen
  • 100% cotton raw white yarn in the count range NE 10s to NE 40s both carded and combed, single & folded.

Achievements/ recognition:-

  • Quality Management System ISO 9002
  • Foreign Matte Manual sorting
  • Contamination Vision Shield in Blow Room Siro Cleaner in winding stage 
  • Fiber Quality HVI
  • AFIS 
  • Yarn Quality Uster Tester 3
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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