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First Winner Industries Ltd. Stock Analysis

Small Cap
Evaluated by 50 users | BSE: 532996 | NSE: FIRSTWIN |
Textile - Weaving
First Winner Industries Limited was incorporated on January 22, 2003 as First Winner Trading Company Private Limited. The name of our Company has been changed to First Winner Industries Private Limited, and further to First Winner Industries Limited. The company started their operations...

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'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17
Return on Capital Employed 14.99%5.41%4.61%3.89%2.45%-1.52%-2.4%-3.64%-3.22%-0.94%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 8112726831034984.915.50.300
Y-o-Y Gr. Rt.-57.4%110.5%15.5%12.7%-75.7%-81.7%-98.1%-100%NA
Adjusted EPS (Rs.) 4.551.561.821.080.21-1.92-2.27-2.77-2.81-1.73
Y-o-Y Gr. Rt.--65.7%16.7%-40.7%-80.6%-1014.3%NANANANA
Book Value per Share (Rs.) 24.7955.1156.365236.3734.4532.1428.6225.8124.08
Adjusted Net Profit 5.62.83.22.71.1-9.7-11.4-13.9-14.1-8.7
Net Op. Cash Flow (Rs. Cr.) 5.13.4-10.1-25.9-4.1-0.8-1-5.3-1.7
Debt to Cash Flow from Ops 4.943.54-2.06-30.9910.71-18.03-101.76-91.91-19.51-67.03
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.
First Winner Industries Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -100%-100%-100%NA
Adjusted EPS -189.8%-252.5%NANA
Book Value per Share -0.3-7.9-9.2-6.7
Share Price -27.1% -18.1% -24.8% -
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17
Return on Equity (%) 22.424.323.272.350.68-5.43-6.81-9.1-10.32-6.95
Operating Profit Margin (%) 15.546.544.164.393.593.11-0.84-297.3400
Net Profit Margin (%) 6.872.171.210.880.31-11.37-73.48-4611.4200
Debt to Equity 0.820.120.210.460.350.430.520.650.790.93
Working Capital Days 10684711011204361,73288,95800
Cash Conversion Cycle 55373252552371,43676,32700
Entity Percentage Holding
Promoters 49.46%
Non-Institutions 50.54%
Pledged *5.515.515.515.515.515.515.515.515.515.51
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of First Winner Inds's performance infers:

First Winner Inds earnings have declined by -252.5%, whereas share price has depreciated -18.1% 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 First Winner Inds share prices over the last 10 years. Here is what we found out:

First Winner Inds share price has depreciated -30.8% annually over the past ten years.

First Winner Industries Limited was incorporated on January 22, 2003 as First Winner Trading Company Private Limited. The name of our Company has been changed to First Winner Industries Private Limited, and further to First Winner Industries Limited. 

The company started their operations with the objective to supply the textile fabrics to wholesalers and apparel & garment manufacturers. Initially, they started trading in the textile fabrics and now with a
First Winner Industries Limited was incorporated on January 22, 2003 as First Winner Trading Company Private Limited. The name of our Company has been changed to First Winner Industries Private Limited, and further to First Winner Industries Limited. 

The company started their operations with the objective to supply the textile fabrics to wholesalers and apparel & garment manufacturers. Initially, they started trading in the textile fabrics and now with a view to have their own manufacturing facilities, they have set up their own weaving unit during 2006-07 by installing 100 looms.  

The manufacturing facilities are located at MIDC, Tarapur, District Thane, Maharashtra.  The unit has total installed capacity to manufacture 108 lakh meter grey fabrics per annum and commenced commercial production w.e.f. March 19, 2007.  They are executing job works for fabric and garment manufacturers.

Subsidiaries:

Ramshyam Textile Industries Ltd.-
Ramshyam Textile Industries Limited commenced its operations of weaving from February 1, 2006 and became our subsidiary on April 1, 2007.  Ramshyam Textile Industries Limited is having 48 looms with total installed capacity of 42.24 lakh meter fabrics per annum.

Real Gold Exports Pvt. Ltd.-
Realgold Exports Private Limited, which was incorporated on December 12, 2002 also became our subsidiary on April 1, 2007 and is having weaving unit with 48 looms and total installed capacity of 62 lakh meters per annum.  This unit expected to commence its commercial production by November, 2007.

Business area of the company:

The company is engaged in manufacturing of textile goods and supply of textile fabrics to wholesalers and apparel and garment manufacturers. The Company also executes job works for fabric and garment manufacturers




Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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