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AYM Syntex Ltd. Stock Analysis

Small Cap
Evaluated by 387 users | BSE: 508933 | NSE: AYMSYNTEX |
Textile
Welspun Syntex Limited (WSL) a Welspun Group company was established in 1982 and is the flagship company under the Welspun umbrella. Since its inception W.S.L. has grown manifold and today is amongst the largest manufacturers and exporters of polyester texturised filament yarn from India. With...

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 13.8%14.07%12.05%13.02%18.11%17.31%12.84%5.09%5%7.85%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 5036127768968358017798509921,028
Y-o-Y Gr. Rt.-21.6%26.9%15.5%-6.9%-4.1%-2.7%9.1%16.7%3.6%
Adjusted EPS (Rs.) 5.725.474.356.1411.1212.5210.151.431.124.16
Y-o-Y Gr. Rt.--4.4%-20.5%41.2%81.1%12.6%-18.9%-85.9%-21.7%271.4%
Book Value per Share (Rs.) 27.0529.0427.428.7937.349.4759.7263.5964.4868.54
Adjusted Net Profit 13.512.917.124.143.749.239.86.55.120.8
Net Op. Cash Flow (Rs. Cr.) 29.323.6-14.346.391.212058.72587.679.2
Debt to Cash Flow from Ops 2.974.92-13.834.532.171.74.0310.253.553.22
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.
AYM Syntex Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 8.3%4.3%9.7%3.6%
Adjusted EPS -3.5%-17.9%-25.7%271.4%
Book Value per Share 10.912.94.76.3
Share Price 9% -26.1% -25.3% -22%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 19.9316.8818.2921.8633.6628.8718.592.451.76.44
Operating Profit Margin (%) 6.716.826.247.3810.1913.4412.597.537.269.24
Net Profit Margin (%) 2.692.112.22.695.236.145.110.770.522.02
Debt to Equity 1.171.471.831.861.351.051.010.881.060.74
Working Capital Days 7073727376778189103116
Cash Conversion Cycle 32373538383639454853
Entity Percentage Holding
Promoters 72.41%
Institutions 0.24%
Non-Institutions 27.35%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of AYM Syntex Ltd.'s performance infers:

AYM Syntex Ltd. earnings have declined by -17.9%, whereas share price has depreciated -26.1% 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 AYM Syntex Ltd. share prices over the last 10 years. Here is what we found out:

AYM Syntex Ltd. share price has depreciated 1.4% annually over the past ten years.

Welspun Syntex Limited (WSL) a Welspun Group company was established in 1982 and is the flagship company under the Welspun umbrella. Since its inception W.S.L. has grown manifold and today is amongst the largest manufacturers and exporters of polyester texturised filament yarn from India. With plants located at Silvassa and Palghar, India W.S.L. is well equipped to meet the domestic as well as international demand. It has marketing offices located at Surat and Mumbai in India

Welspun Syntex Limited (WSL) a Welspun Group company was established in 1982 and is the flagship company under the Welspun umbrella. Since its inception W.S.L. has grown manifold and today is amongst the largest manufacturers and exporters of polyester texturised filament yarn from India. With plants located at Silvassa and Palghar, India W.S.L. is well equipped to meet the domestic as well as international demand. It has marketing offices located at Surat and Mumbai in India that facilitate big business ventures.

Welspun is relocating the fashion capital of the world. No wonder Welspun Syntex Ltd., is one of the largest exporters of polyster texturised filament yarn from India. Additionally, the company is the leading manufacturer of specialty polyester filament yarn from India. Welspun is a leading conglomerate in every sphere of its operations, be it yarns, SAW pipes or terry towels.

Today Welspun Syntex has two state-of-the-art plants at Silvassa & Palghar.

Silvassa  plant- Approximately 200 kms north of Mumbai, in the Union Territory of Dadra and Nagar Haveli, the location of Silvassa plant is perfectly poised between the two most important textiles states of India, Gujarat and Maharashtra. The Silvassa plant is equipped with the latest technology indigenously redesigned for optimum production capacity and flexible manufacturing system to produce a very wide product range in POY and processed polyester filament yarns which includes micro deniers, cationic dyeable, dope dyed, easy dyeable, trilobal, semi-dull and bright and many more specialty yarns which are continuously researched and upgraded into newer qualities.

Palghar plant- Palghar, a small town 80kms north of Mumbai, has a special place in the making of Welspun group. Palghar plant enjoys the advantages of ideal geographical location to efficiently handle all the logistics to facilitate prompt shipments to the Indian and overseas customers. It includes package dyed polyester texturised yarns, dyed and twisted bright trilobal polyester filament flat yarns, polyester texturised yarns twisted or untwisted on perforated polypropylene dyeing tubes, twisted raw white/bright trilobal polyester texturised and flat yarns, shrunk wrapped dyeing tubes for optimisation of productivity of customers, small weights and precision wound dyed yarns upto 500gms/bobbin etc.

Product range of the company includes:

  • Polyester Partially Oriented Yarn (POY)
  • Polyester Fully Drawn Yarns (FDY)
  • Polyester Mono Filament Yarns (PMFY)
  • Polyester Filament Yarn (PFY)
  • Polyester Draw Texturised Yarn ( DTY/PTY)
  • Air Textured Yarns (PATY)
  • Speciality Polyester Filament Yarns (SPFY)
  • Nylon Yarns

Milestones:

  • 2012 - Ramkrishna Bajaj National Quality Merit Award for Welspun Vidya Mandir
  • 2011 - Best Indian Manufacturing Company in the US
    7th Indo American Corporate Excellence Awards
    Star Performer
    Top Exporter for the Year 2010-11-Gold Trophy  
    Information Week EDGE 2011
  • 2010 - Star Performer Award for the year 2008-09
    All India Export Excellence Awards
    Top Indian Company under the Metal Pipes
  • 2007: Ranked 39 th in ‘ India Top 100 Corporates 2007' – Standard & Poor's & CRISIL., March 2007
  • 2007: CNBC TV18 -International Trade Awards - Outstanding Textile Exporter
  • 2006 : Textile Promotion Council (Texprocil) Gold & Silver Trophies for the year 2005- 06             Engineering Export Promotion Council ( EEPC) Award for the highest export  - Iron and Steel based   product - non SSI             Gold Trophies :  Highest Exports of Madeups in the Manufacturer Exporter category.            Special Achievements in Madeups category.            Silver Trophy :  Special Achievements in Madeups category.
  • 2005 : Textile Promotion Council (Texprocil) Gold Trophy for Outstanding export Performance in Made-ups
  • 2004 : Federal Express and Economic Times - Leaders in Innovation            Recognised as one of the fastest growing steel company by Construction World-NICMAR 
  • 2001-02, 2002-03 :  Export performance Awards from Engineering Export promotion council (EEPC)
  • 2003 :  Operational Excellence Award from J.C. PENNY stores, USA
  • 2002 :  Shopco Stores Inc. – Best Vendor of the year Award 
  • 2002 : Walmart – Best Vendor of the year Award 
  • 1999-2000, 2000-01, 2001-02 & 2003-04 : Textile Promotion Council (Texprocil) Gold trophy for outstanding Export performance & special achievement
  • 1999-2000 : Textile Promotion Council (Texprocil) Gold trophy for special achievement for Outstanding performance in- Made-ups & Highest Exporter
  • 1997-98 : Govt of Gujarat’s Outstanding Export Performance Award 
  • 1996-97 : Govt of India’s National Exports Award for Outstanding Performance                 Outstanding Exports Award for Outstanding Export Performance by the Ministry of Industry & Commerce, Govt. of India
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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