Konark Synthetic Ltd - Stock Valuation and Financial Performance

BSE: 514128 | NSE: | Textile | Small Cap

Konark Synthetic Share Price

43.99 -0.89 -1.98%
as on 11-Oct'24 13:16

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Konark Synthetic stock performance -

mw4me loader
P/E Ratio (SA):
103.85
Market Cap:
26.1 Cr.
52-wk low:
12.8
52-wk high:
56

Is Konark Synthetic Ltd an attractive stock to invest in?

1. Is Konark Synthetic Ltd a good quality company?

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

2. Is Konark Synthetic Ltd undervalued or overvalued?

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

3. Is Konark Synthetic Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Konark Synthetic Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Konark Synthetic:

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.
Konark Synthetic 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 % 5.3%5.3%5.5%4%4%3.2%-21.3%8%5.1%-12.3%-
Value Creation
Index
-0.6-0.6-0.6-0.7-0.7-0.8-2.5-0.4-0.6-1.9-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 10611411411494.577.671.318.440.147.439
Sales YoY Gr.-8.2%-0.3%0.6%-17.5%-17.8%-8.2%-74.2%118.2%18.1%-
Adj EPS 1.910.3-5.91.2-2.6-15.3-20.5-1.8-14.90.4
YoY Gr.--44.9%-70.9%-2070%NA-322.4%NANANANA-
BVPS (₹) 52.852.152.450.549.446.718.120.720.25.15.3
Adj Net
Profit
1.10.60.2-3.40.7-1.5-8.9-11.9-1.1-8.60
Cash Flow from Ops. 0.84.716.27.36.36.2-0.5-22.610.5-
Debt/CF from Ops. 78.113.83.287.87.4-94.7-1.630.359.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -8.5%-12.9%-12.8%18.1%
Adj EPS -225.9%-266.5%NANA
BVPS-23%-36.6%-34.7%-74.9%
Share Price 12.1% 24.4% 40.2% 244.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
3.620.6-11.52.3-5.4-47.1-105.6-8.8-117.98.3
Op. Profit
Mgn %
5.86.86.52.355-2-41.25.37.17.3
Net Profit
Mgn %
10.50.2-30.7-1.9-12.4-64.8-2.6-18.20.6
Debt to
Equity
2.12.11.721.71.74.832.610-
Working Cap
Days
2632472071852252713111,054412330191
Cash Conv.
Cycle
13813713312415017217760123215418

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 8.30%

Sales growth has been subdued in last 3 years -12.75%

Net Profit has been subdued in last 3 years 0.00%

Debt to equity has increased versus last 3 years average to 10.04

Sales growth is not so good in last 4 quarters at 0.27%

Latest Financials - Konark Synthetic Ltd.

Standalone Consolidated
TTM EPS (₹) 0.4 2
TTM Sales (₹ Cr.) 39.3 39.3
BVPS (₹.) 5.3 51.3
Reserves (₹ Cr.) -3 24
P/BV 8.46 0.88
PE 103.85 22.26
From the Market
52 Week Low / High (₹) 12.76 / 56.00
All Time Low / High (₹) 4.65 / 92.20
Market Cap (₹ Cr.) 26.1
Equity (₹ Cr.) 5.8
Face Value (₹) 10
Industry PE 29.6

Management X-Ray of Konark Synthetic:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

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Analyst's Notes

Key Ratios of Konark Synthetic

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
Sales105.51114.14113.75114.4494.4777.6371.3018.3840.1047.36
Operating Expenses 99.41106.44106.40111.8789.9973.7472.7425.9437.9643.98
Manufacturing Costs7.776.855.486.647.596.835.142.492.923.64
Material Costs83.8491.0791.4596.6172.5356.6855.7918.8831.7037.63
Employee Cost 5.626.517.546.907.638.187.791.021.411.54
Other Costs 2.172.011.921.722.242.054.023.561.921.16
Operating Profit 6.107.707.352.574.483.89-1.43-7.562.143.37
Operating Profit Margin (%) 5.8%6.7%6.5%2.2%4.7%5.0%-2.0%-41.2%5.3%7.1%
Other Income 1.751.441.160.733.311.170.661.532.591.43
Interest 3.694.084.584.764.364.154.623.632.773.40
Depreciation 2.734.083.633.322.872.622.551.611.261.04
Exceptional Items 0003.39-1.630-10.9211.98-1.20-8.35
Profit Before Tax 1.430.980.30-1.38-1.07-1.72-18.860.71-0.49-7.97
Tax 0.340.380.13-0.32-0.43-0.22-2.35-0.91-0.040.76
Profit After Tax 1.090.600.16-1.06-0.64-1.50-16.511.62-0.45-8.73
PAT Margin (%) 1.0%0.5%0.1%-0.9%-0.7%-1.9%-23.2%8.8%-1.1%-18.4%
Adjusted EPS (₹)1.91.00.3-1.8-1.1-2.6-28.42.8-0.8-15.0
Dividend Payout Ratio (%)0%0%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 30.6530.2530.4229.3528.7127.1010.5312.0411.712.93
Share Capital 5.815.815.815.815.815.815.815.815.815.81
Reserves 24.8424.4424.6123.5422.9021.294.736.235.90-2.87
Minority Interest0000000000
Debt61.5463.9150.8157.0148.1645.6949.4935.2629.5928.24
Long Term Debt29.4228.512927.0711.2210.5911.1811.218.486.87
Short Term Debt32.1235.3921.8129.9436.9435.1038.3124.0421.1121.37
Trade Payables27.2519.6411.413.239.5914.2314.889.7912.059.52
Others Liabilities 9.896.847.788.138.127.8421.282.462.573.59
Total Liabilities 129.32120.64100.4297.7194.5894.8696.1859.5455.9144.29

Fixed Assets

Gross Block61.1060.2965.0965.1964.2764.4045.4143.2838.0732.59
Accumulated Depreciation26.7630.8434.4537.7739.8842.4432.0932.1529.1227.27
Net Fixed Assets34.3429.4430.6527.4324.3921.9713.3211.128.955.32
CWIP 3.198.433.7604.214.394.564.7400
Investments 8.538.538.538.538.528.520.030.030.030.03
Inventories14.2626.7618.0114.7219.5121.2316.4111.9518.4414.92
Trade Receivables47.6428.6524.3327.6227.9528.7133.4021.8018.3712.96
Cash Equivalents 1.651.541.421.930.891.1915.710.100.040.21
Others Assets19.7117.2913.7217.499.128.8612.759.8110.0910.85
Total Assets 129.32120.64100.4297.7194.5894.8696.1859.5455.9144.29

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 0.824.6616.207.276.336.23-0.53-22.611.010.50
PBT 1.430.980.30-4.770.56-1.73-7.940.71-0.49-7.97
Adjustment 4.856.827.167.426.975.748.83-15.373.4311.64
Changes in Working Capital -1.790.98.841.370.522.43-1.27-7.44-1.9-2.99
Tax Paid 00-0.10-0.13-0.09-0.21-0.13-0.29-0.03-0.06
Cash Flow From Investing Activity 1.50-4.120.840.330.380.5715.7624.785.553.04
Capex -0.03-5.42-0.19-0.30-0.08-0.01-0.7523.995.542.96
Net Investments 00000.0100000
Others 1.541.291.030.630.450.5916.510.790.010.08
Cash Flow From Financing Activity -2.01-0.66-17.16-7.10-7.75-6.51-0.70-17.79-6.61-3.37
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -1.55-0.911.20-2.47-3.45-0.630.580.04-1.99-1.32
Interest Paid 00-4.54-4.72-4.30-4.04-4.50-3.56-1.69-2.27
Dividend Paid -0.01000000000
Others -0.450.25-13.820.090-1.833.21-14.27-2.930.22
Net Cash Flow 0.32-0.12-0.120.51-1.040.3014.53-15.62-0.050.17
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)3.621.960.54-3.56-2.21-5.37-87.7614.4-3.77-119.28
ROCE (%)5.345.335.513.973.983.21-21.2685.06-12.27
Asset Turnover Ratio0.850.911.031.160.980.820.750.240.690.95
PAT to CFO Conversion(x)0.757.77101.25N/AN/AN/AN/A-13.96N/AN/A
Working Capital Days
Receivable Days1341228583107133159548183121
Inventory Days56667252669696282138129
Payable Days62623013327795239126105

Konark Synthetic Ltd Stock News

Konark Synthetic Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Konark Synthetic on 11-Oct-2024 13:16 is ₹43.99.
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 11-Oct-2024 13:16 the market cap of Konark Synthetic stood at ₹26.07.
The latest P/E ratio of Konark Synthetic as of 11-Oct-2024 13:16 is 103.8.
The latest P/B ratio of Konark Synthetic as of 11-Oct-2024 13:16 is 8.46.
The 52-week high of Konark Synthetic is ₹56.00 and the 52-week low is ₹12.76.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Konark Synthetic is ₹39.26 ( Cr.) .

About Konark Synthetic Ltd

Konark Synthetics (KSL) was incorporated in the year 1984 and is promoted by Prakash Dalmia and Ram Niranjan Tibrewala. The company has two plants, one in Palghar and the other at Silvassa for fancy twisting and air texturising respectively.   

In 1989, KSL went public with an equity issue at par of Rs.60 lakh to part finance its expansion. The expansion envisaged setting up two more units at Silvassa and Palghar for air texturising and fancy twisting respectively.  It acquired the air texturising technology and machines from Japanese AIKI. An expansion project for projectile shuttleless weaving with the latest technology is also on the anvil. The group is also setting up another export oriented unit for the manufacture of terry towels. The Silvassa unit (Dadra & Nagar Haveli) was commissioned from July 1989, while the Palghar (Thana) unit was commissioned in 1987.        

During 1989-90, the fancy unit at Palghar suffered a setback due to reduced activity on  account of frequent labour agitations, decrease in average sales realisation of fancy yarns and increase in input yarn prices. In 1990-91, the Palghar unit remained closed due to a labour agitation. However, an agreement was arrived at with the union and the production was resumed from April 1991, on a single shift basis.

Business areas of the company:

The company is engaged in air-texturising of synthetic yarns and fancy twisting and hollow spindle, fancy doubling and twisting computerised printing of synthetic and blended yarns.

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