Flexituff Ventures International Ltd - Stock Valuation and Financial Performance

BSE: 533638 | NSE: FLEXITUFF | Textile | Small Cap

Flexituff Ventures Share Price

41.91 1.99 4.98%
as on 12-Jul'24 16:01

DeciZen - make an informed investing decision on Flexituff Ventures

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Flexituff Ventures International stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
128.7 Cr.
52-wk low:
24.8
52-wk high:
58

Is Flexituff Ventures International Ltd an attractive stock to invest in?

1. Is Flexituff Ventures International Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Flexituff Ventures International Ltd is a below average quality company.

2. Is Flexituff Ventures International Ltd undervalued or overvalued?

The key valuation ratios of Flexituff Ventures International Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Flexituff Ventures International Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Flexituff Ventures International Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Flexituff Ventures:

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.
Flexituff Ventures International 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 % 7.6%6.9%6.3%8.2%5.4%4.7%-11.9%-0.9%-6.8%-9.5%-
Value Creation
Index
-0.5-0.5-0.6-0.4-0.6-0.7-1.9-1.1-1.5NA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 9681,0521,1561,3261,1531,1758738681,039915599
Sales YoY Gr.-8.7%9.9%14.7%-13%1.9%-25.7%-0.6%19.7%-11.9%-
Adj EPS 86.4-0.85.1-6.5-10.1-69-23.4-38.4-40.6-60.3
YoY Gr.--20%-112.9%NA-227.1%NANANANANA-
BVPS (₹) 144.7150.3152155.2154.4148.181.858.620.7-17.4-72.7
Adj Net
Profit
19.815.9-2.112.8-16.2-25-172-58.3-95.6-109-185
Cash Flow from Ops. 47.711413930.118812091.477.974.435.4-
Debt/CF from Ops. 10.65.24.525.33.967.888.418.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -0.6%-4.5%1.6%-11.9%
Adj EPS -219.9%NANANA
BVPS-179%-164.6%-159.7%-183.9%
Share Price -16.3% 9.8% 17.5% 53.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
5.94.3-0.53.3-4.2-6.6-60-33.4-96.9-2284.4133.9
Op. Profit
Mgn %
10.710.812.113.813.411.2-7.8-3.20.6-2.1-20.2
Net Profit
Mgn %
21.5-0.21-1.4-2.1-19.7-6.7-9.2-11.9-30.9
Debt to
Equity
1.41.61.721.923.54.312.1-13.8-
Working Cap
Days
168171162162216230279226175175131
Cash Conv.
Cycle
6670728711188111765049-227

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 133.90%

Sales growth has been subdued in last 3 years 1.60%

Sales growth is not so good in last 4 quarters at -34.89%

Latest Financials - Flexituff Ventures International Ltd.

Standalone Consolidated
TTM EPS (₹) -60.3 -59.8
TTM Sales (₹ Cr.) 599 599
BVPS (₹.) -72.7 -78.4
Reserves (₹ Cr.) -254 -271
P/BV -0.58 -0.53
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 24.80 / 57.97
All Time Low / High (₹) 3.09 / 384.55
Market Cap (₹ Cr.) 129
Equity (₹ Cr.) 30.7
Face Value (₹) 10
Industry PE 29.4

Management X-Ray of Flexituff Ventures:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *100.0081.2681.2681.2681.2670.8770.8770.8772.2564.08
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Flexituff Ventures

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
Sales9681,0521,1561,3261,1531,1758738681,039915
Operating Expenses 8659391,0171,1519991,0449428951,036935
Manufacturing Costs51141146180171202195159170140
Material Costs638607656706551574463452573506
Employee Cost 108126148179196196177168188175
Other Costs 696567868072106117105114
Operating Profit 103113140176154131-69-273-20
Operating Profit Margin (%) 10.7%10.8%12.1%13.2%13.4%11.1%-7.9%-3.2%0.3%-2.1%
Other Income 912199322720932014
Interest 56689210811010974736770
Depreciation 26456569757075736968
Exceptional Items -10000000000
Profit Before Tax 2012181-22-197-80-114-144
Tax 7-8-303-6-32-22-19-39
Profit After Tax 132047-2-16-165-58-95-105
PAT Margin (%) 1.3%1.9%0.3%0.6%-0.2%-1.3%-19.0%-6.7%-9.1%-11.4%
Adjusted EPS (₹)5.17.91.63.0-0.9-6.3-66.5-23.2-38.0-38.9
Dividend Payout Ratio (%)19%13%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 36037437838638436820414651-47
Share Capital 25252525252525252527
Reserves 33534935336135934417912127-74
Minority Interest0000000000
Debt449544556716483551356342343322
Long Term Debt2332902854432192861924250
Short Term Debt216254271272264265338318319322
Trade Payables131157157154189250166233221190
Others Liabilities 146156144105300239408314305342
Total Liabilities 1,0871,2321,2351,3611,3571,4081,1331,034921807

Fixed Assets

Gross Block586825894708754803849848843873
Accumulated Depreciation10014821369143211281353411479
Net Fixed Assets485677682640611592568495432394
CWIP 1004123028150000
Investments 1111111100
Inventories9912210715216215014013110192
Trade Receivables237263320395363386238249254200
Cash Equivalents 26292624162012171211
Others Assets13813587119176245175142122109
Total Assets 1,0871,2321,2351,3611,3571,4081,1331,034921807

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 481141393018812091787435
PBT 3012181-22-197-80-114-144
Adjustment 7897156179175168185114151159
Changes in Working Capital -539-19-15614-25107453719
Tax Paid -7-400-2-1-3-102
Cash Flow From Investing Activity -162-116-52-41-47-24-19602
Capex -167-116-65-36-48-39-34-5-3-2
Net Investments 500-8-6390-10
Others 0013361261043
Cash Flow From Financing Activity 1173-777-147-99-70-85-71-42
Net Proceeds from Shares 42000000000
Net Proceeds from Borrowing 107221126-2800000
Interest Paid -56-54-92-108-110-104-58-55-66-52
Dividend Paid -3-3-30000000
Others 273917-11-95-12-30-511
Net Cash Flow 2110-4-6-32-23-5
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)3.825.381.071.94-0.61-4.19-57.84-33.04-95.84N/A
ROCE (%)9.768.699.4610.769.887.94-12.26-0.82-6.55N/A
Asset Turnover Ratio0.990.910.941.030.850.850.690.81.061.06
PAT to CFO Conversion(x)3.695.734.754.29N/AN/AN/AN/AN/AN/A
Working Capital Days
Receivable Days848691981201161311038890
Inventory Days39383635504860574138
Payable Days75878881114140164161145148

Flexituff Ventures International Ltd Stock News

Flexituff Ventures International Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Flexituff Ventures on 12-Jul-2024 16:01 is ₹41.91.
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 12-Jul-2024 16:01 the market cap of Flexituff Ventures stood at ₹128.7.
The latest P/E ratio of Flexituff Ventures as of 12-Jul-2024 16:01 is 0.00.
The latest P/B ratio of Flexituff Ventures as of 12-Jul-2024 16:01 is -0.58.
The 52-week high of Flexituff Ventures is ₹57.97 and the 52-week low is ₹24.80.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Flexituff Ventures is ₹598.5 ( Cr.) .

About Flexituff Ventures International Ltd

Flexituff International, a polymer manufacturing company, incorporated as partnership firm was converted into public limited company on April 25, 2003. It is engaged in production of FIBC, Geo-Textile Fabric and Ground Cover, Reverse Printed BOPP Woven Bags, Special PP Bags including Leno Bags.

The company exports it products to around 30 countries across globe with major thrust in US and Europe. Recently, it manufactured and exported Trap Bags for AmeriGlobe USA. AmeriGlobe was contracted by City of Fargo to provide Trap bag Container Barrier System for flood protection in eight Fargo City locations. Flexituff International is recognized as one of the most reputed producers of FIBC in the world.

  • Flexituff International, presently, manufactures products from its three fully integrated and self-sufficient manufacturing units. The two units are located in Pithampur (M.P.) and one in Kashipur (Uttrakhand). These manufacturing units have an installed capacity of 12,200 MT and 12,800 MT respectively.
  • It has a recycling and reprocessing plant at Kandla which is used for recovering polypropylene and making various compounds of plastics.
  • Additionally, a research and Development centre at Kashipur which is engaged in the research and development of various compounds for plastic products including engineering plastic, bio-degradable plastic and other new product developments. The Company has spent ` 245.47 million on research and development for the period April 1, 2007 till June 30, 2011.
  • The company also owns a land admeasuring 5,72,347 sq. ft. at SEZ, Pithampur in Dhar district of M.P. The existing manufacturing facilities occupies approximately 295,500 square feet of land.
  • It has marketing offices at Pithampur and Delhi. Pithampur office handles marketing of FIBCs. Delhi office handles marketing of BOPP, geo-textile products, special PP bags, compounding and polymers. Apart from this, it has its sales representatives at Mumbai, Hyderabad and Kolkata and marketing offices in UK and USA.

Subsidiary :

  • Lakshmi Incorporated, U.S.A is engaged in manufacturing of reclosable extruded zipper profile which is used as a secondary closure for 5-50 kg bags.
  • Flexiglobal (UK) Limited is engaged in distribution and marketing of FIBCs.

Product Portfolio:a) Flexible Intermediate Bulk Containers (FIBC)b) Geo-Textile Fabric and Ground Coversc) Reverse Printed BOPP Woven Bagsd) Special PP Bags and Leno Bags

Future projects:

  • Polymer Compounding: The company already has installed machinery to produce 10,000 MT of various compounds at Kashipur. It can be broadly divided into two main categories viz.-Filler compounds (like Calcium, Elastomer) and-Modifier compounds (like UV/Colour Masterbatch, Bonding agents, Drip Masterbatch, etc.)
  • Injection-moulded articles: It has presently commenced production for pallets, crates, boxes and other industrial / domestic injection moulded articles on trial basis. Also as part of the expansion programme at Kashipur, company is proposing to manufacture injection moulded articles for drip irrigation industry, with a thrust on production of drippers.
  • The company intends to expand its manufacturing facilities at SEZ and DTA units at Pithampur also looks forward to set up Dripper Project at Kashipur. To meet the fund requirements of Rs 100 crore, company came up with an initial public offer (IPO) which was subscribed 1.14 times.

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