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Garden Silk Mills Ltd. Stock Analysis

Small Cap
Evaluated by 287 users | BSE: 500155 | NSE: GARDENSILK |
Textile
Garden Silk Mills incorporated in 1979 is among the leading fabric engineer, design maker and a polyester yarn manufacturer in India.Company’s manufacturing facilities are situated at Vareli and Jolwa in Surat district in Gujarat, which is the largest polyester market in...

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'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 8.57%9.39%1.25%0.32%-2.21%-0.96%-1.43%3.18%3.56%4.8%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 2,5153,4003,5063,6973,0672,6412,3752,4353,0333,481
Y-o-Y Gr. Rt.-35.2%3.1%5.4%-17.1%-13.9%-10%2.5%24.6%14.8%
Adjusted EPS (Rs.) 16.0422.72-23.66-26.99-37.8-34.47-34.1-19.09-21.06-20.94
Y-o-Y Gr. Rt.-41.7%-204.1%NANANANANANANA
Book Value per Share (Rs.) 128.03148.9128.310264.4427.24-6.17-29.07-50.11-72
Adjusted Net Profit 61.487-90.6-103-152-145-144-80.3-88.6-88.1
Net Op. Cash Flow (Rs. Cr.) 16269.2279175118382205-294175131
Debt to Cash Flow from Ops 6.3318.774.747.5811.493.075.49-5.238.5810.9
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.
Garden Silk Mills Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 3.7%2.6%13.6%14.8%
Adjusted EPS -203%NANANA
Book Value per Share -193.8-202.200
Share Price -18.4% -18.9% -34.6% 4.8%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 13.2816.41-17.07-23.07-45.65-77.42-323.74108.3253.1834.3
Operating Profit Margin (%) 9.288.332.882.31.74.183.925.965.344.69
Net Profit Margin (%) 2.442.56-2.58-2.8-4.95-5.49-6.04-3.3-2.92-2.53
Debt to Equity 2.12.282.693.45.210.23-43.24-12.6-7.12-4.72
Working Capital Days 82879278858891878778
Cash Conversion Cycle 41535949494349606355
Entity Percentage Holding
Promoters 57.63%
Institutions 0.05%
Non-Institutions 42.32%
Pledged *88.4888.4888.4888.5088.5088.5088.5088.5088.5088.50
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Garden Silk Mills Ltd.'s performance infers:

Garden Silk Mills Ltd. earnings have grown by 0%, whereas share price has depreciated -18.9% 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 Garden Silk Mills Ltd. share prices over the last 10 years. Here is what we found out:

Garden Silk Mills Ltd. share price has depreciated -21.6% annually over the past ten years.

Garden Silk Mills incorporated in 1979 is among the leading fabric engineer, design maker and a polyester yarn manufacturer in India.

Company’s manufacturing facilities are situated at Vareli and Jolwa in Surat district in Gujarat, which is the largest polyester market in Read More

Garden Silk Mills incorporated in 1979 is among the leading fabric engineer, design maker and a polyester yarn manufacturer in India.

Company’s manufacturing facilities are situated at Vareli and Jolwa in Surat district in Gujarat, which is the largest polyester market in India.

Garden Silk Mills manufacturing facilities has received ISO 9001:2000 certified by BVQI for its quality management.

The company has large and talented pool of designers that are engaged in developing new fabrics, qualities and 2,000 new print ideas each year. Company is equipped with CAD- CAM technologies.

Apparel division of Garden Silk Mills manufactures and markets Vareli Business shirts and ready to wear ladies garments. These apparels are sold across the country.

Garden has marketing network encompasses 68 dealers, 18 company owned depots and 293 retail outlets in over 65 cities in India.

Globally, GSML has product presence in countries that includes U.K., France, Spain, Portugal, Greece, Middle East and Gulf countries, the U.S.A., Australia, Singapore, Thailand, Hong Kong, Mauritius, South Africa and Brazil.

Products

Company manufactures PET Chips, polyester yarn and partially oriented yarn. It also manufactures prepared polyester filament yarn – draw warped, draw twisted, draw wound and draw texturised

Under Fabrics, company manufactures fine filament and micro filament polyester fabrics - georgette's, chiffon's, failles, jacquards - both dyed and printed – mainly used Polyester Sarees and Dress Material.

It has a production capacity of 42 Lac meters per month of greige fabric.

Future Prospects

Garden Silk Mills is expanding its draw twisting, draw warping and polyester spinning capacities. The company is planning to increase the capacity by 300 TMD for the production of POY (partially oriented yarn) and FDY (fully drawn yarn) in coming future.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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