Shanti Spintex Ltd - Stock Valuation and Financial Performance

BSE: 544059 | NSE: | Textile | Small Cap

Shanti Spintex Share Price

57.25 -1.70 -2.88%
as on 12-Apr'24 10:07

DeciZen - make an informed investing decision on Shanti Spintex

M-Cap below 100cr DeciZen not available

Shanti Spintex stock performance -

mw4me loader
P/E Ratio (SA):
9.59
Market Cap:
97.1 Cr.
52-wk low:
46.3
52-wk high:
96.9

Is Shanti Spintex Ltd an attractive stock to invest in?

1. Is Shanti Spintex Ltd a good quality company?

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

2. Is Shanti Spintex Ltd undervalued or overvalued?

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

3. Is Shanti Spintex Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Shanti Spintex 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 Shanti Spintex:

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.
Shanti Spintex 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'21Mar'22Mar'23TTM
ROCE % 6.4%8.9%13.3%-
Value Creation
Index
-0.6-0.4-0.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 113255370370
Sales YoY Gr.-126%45.3%-
Adj EPS 2.54.57.46
YoY Gr.-81.6%65.6%-
BVPS (₹) 29.132.639.539
Adj Net
Profit
3.56.310.510
Cash Flow from Ops. 3.55.316-
Debt/CF from Ops. 12.49.32.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANANA45.3%
Adj EPS NANANA65.6%
BVPSNANANA21.2%
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'21Mar'22Mar'23TTM
Return on
Equity %
8.414.420.515.3
Op. Profit
Mgn %
10.25.56NAN
Net Profit
Mgn %
3.12.52.82.7
Debt to
Equity
11.10.8-
Working Cap
Days
095900
Cash Conv.
Cycle
025200

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 15.30%

Debt to equity has declined versus last 3 years average to 0.75

Sales growth has been subdued in last 3 years 0.00%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Shanti Spintex Ltd.

Standalone Consolidated
TTM EPS (₹) 6 -
TTM Sales (₹ Cr.) 370 -
BVPS (₹.) 39 -
Reserves (₹ Cr.) 49 -
P/BV 1.48 -
PE 9.59 -
From the Market
52 Week Low / High (₹) 46.25 / 96.92
All Time Low / High (₹) 46.25 / 96.92
Market Cap (₹ Cr.) 97.1
Equity (₹ Cr.) 16.9
Face Value (₹) 10
Industry PE 29

Management X-Ray of Shanti Spintex:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Shanti Spintex

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23
Sales112.80254.91370.33
Operating Expenses 101.48242.99348.67
Manufacturing Costs14.0315.1022.24
Material Costs83.58222322.16
Employee Cost 2.012.192.55
Other Costs 1.873.701.72
Operating Profit 11.3211.9221.66
Operating Profit Margin (%) 10.0%4.7%5.8%
Other Income 0.140.360.38
Interest 2.682.423.39
Depreciation 4.094.084.52
Exceptional Items 000
Profit Before Tax 4.695.7714.14
Tax 1.310.904.01
Profit After Tax 3.384.8710.13
PAT Margin (%) 3.0%1.9%2.7%
Adjusted EPS (₹)2.43.47.1
Dividend Payout Ratio (%)0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 41.3646.2356.04
Share Capital 7.107.107.10
Reserves 34.2639.1348.94
Minority Interest000
Debt34.2939.3730.63
Long Term Debt34.2939.3730.63
Short Term Debt000
Trade Payables28.5634.2266.86
Others Liabilities 15.0516.4922.35
Total Liabilities 119.27136.31175.88

Fixed Assets

Gross Block72.8072.8088.58
Accumulated Depreciation15.8319.9124.43
Net Fixed Assets56.9752.8964.15
CWIP 00.270
Investments 222
Inventories3.216.8918.85
Trade Receivables37.9751.7168.28
Cash Equivalents 5.953.144.85
Others Assets13.1719.4117.75
Total Assets 119.27136.31175.88

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23
Cash Flow From Operating Activity 3.465.2715.96
PBT 4.695.7714.14
Adjustment 6.696.075.22
Changes in Working Capital -7.92-6.57-3.4
Tax Paid 000
Cash Flow From Investing Activity 0.05-0.22-15.45
Capex 0-0.28-15.50
Net Investments 000
Others 0.060.050.06
Cash Flow From Financing Activity 0.82-7.851.19
Net Proceeds from Shares 000
Net Proceeds from Borrowing 3.235.08-8.74
Interest Paid -2.67-2.41-3.37
Dividend Paid 000
Others 0.25-10.5213.31
Net Cash Flow 4.33-2.811.71
PARTICULARSMar'21Mar'22Mar'23
Ratios
ROE (%)8.1611.1119.81
ROCE (%)8.769.1418.19
Asset Turnover Ratio0.951.992.37
PAT to CFO Conversion(x)1.021.081.58
Working Capital Days
Receivable Days1236459
Inventory Days10713
Payable Days1255257

Shanti Spintex Ltd Stock News

Shanti Spintex Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Shanti Spintex on 12-Apr-2024 10:07 is ₹57.25.
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-Apr-2024 10:07 the market cap of Shanti Spintex stood at ₹97.11.
The latest P/E ratio of Shanti Spintex as of 12-Apr-2024 10:07 is 9.59.
The latest P/B ratio of Shanti Spintex as of 12-Apr-2024 10:07 is 1.48.
The 52-week high of Shanti Spintex is ₹96.92 and the 52-week low is ₹46.25.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Shanti Spintex is ₹370.3 ( Cr.) .

About Shanti Spintex Ltd

The company was originally incorporated as a private limited Company under the name of “Shanti Spintex Private Limited” on August 23, 2010 under the provisions of the Companies Act, 1956 with the Registrar of Companies, Ahmedabad. Thereafter, the company was converted from private limited to public limited and the name of the company was changed from “Shanti Spintex Private Limited” to “Shanti Spintex Limited” vide fresh certificate of incorporation dated August 18, 2023, issued by the Registrar of Companies, Ahmedabad, Gujarat.

Incorporated in 2010, the company is primarily engaged in manufacturing and selling of denim fabrics. It began its business as a fabrics trading concern in the FY 2014-15. In 2016, the company established its fabric weaving unit at Dholi – Integrated Spinning Park, Dholka, Ahmedabad. The company has various airjet looms installed at Dholi unit. Weaving is the process of converting yarn into fabrics wherein two distinct sets of yarns or threads are interlaced at right angles to form a fabric. The airjet looms installed by it utilize a technique where a jet of compressed air is used to insert the weft (crosswise) yarn into the warp (lengthwise) yarn to create the raw fabrics also known grey fabrics.

Business area of the company

The company manufactures various type of denim fabrics such as power stretch spandex denim, knit denim, light weight denim, rigid denim, over dyed denim and flat finish 3/1 denim. Its production facility has capability to produce grey fabrics in various designs such as twill weave, knit dobby weave, structure dobby weave, broken twill weave and satin weave. It offers denim fabrics in diverse spectrum of shades such as indigo blue, IBST, sulphur black, sulphur grey, halogen blue and ecru colour which has weights ranging from 4.50 Oz/sq. yd to 14.50 Oz./sq. yd. and widths spanning from 62 inch (157cm) to 78 inch (198 cm). Its operations encompass utilization of diverse type of yarns such as cotton yarn, ring yarn, viscose yarn, slub yarn, cotton spandex, polyester spandex, tencel, lyocell etc. which are procured by it from domestic market. In addition to yarn, it also directly procures grey fabrics from the market, which are subsequently sent for finishing, and is then sold to customers. It outsources the yarn dyeing and grey fabrics finishing process to third parties.

Major events and milestones

  • 2010: Incorporation of the Company as “Shanti Spintex Private Limited” under the Companies Act, 1956.
  • 2016-17: Commencement of manufacturing unit at Dholka, Dholi, Ahmedabad, Gujarat.
  • 2017-18: Capacity expansion at existing unit by installation of additional airjet looms.
  • 2018-19: Crossed revenue of RS 100 crore.
  • 2021-22: Crossed revenue of Rs 250 crore.
  • 2022: Commissioned a wind energy power plant (Wind Farm) of combined capacity of 2 MW in the village Likhala, Taluka Savarkundla, District Amreli, Gujarat.
  • 2022-23: Crossed revenue of Rs 350 crore.
  • 2023: Conversion of company from Private Limited to Public Limited. In consequence of such conversion, Name of the company changed from “Shanti Spintex Private Limited” to “Shanti Spintex Limited”.
  • 2023: Installed the 852 kw rooftop solar plant at manufacturing unit. 


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