Shri Techtex Ltd - Stock Valuation and Financial Performance

BSE: 0 | NSE: SHRITECH | Textile | Small Cap

BSE Share Price
Not Listed

DeciZen - make an informed investing decision on Shri Techtex

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

1. Quality

2. Valuation

Undervalued

3. Price Trend

Shri Techtex stock performance -

mw4me loader
P/E Ratio (SA):
12.60
Market Cap:
154.7 Cr.
52-wk low:
0
52-wk high:
0

Is Shri Techtex Ltd an attractive stock to invest in?

1. Is Shri Techtex Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Shri Techtex Ltd is a average quality company.

2. Is Shri Techtex Ltd undervalued or overvalued?

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

3. Is Shri Techtex Ltd a good buy now?

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

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.
Shri Techtex Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 52.6%72.6%29%23.1%-
Value Creation
Index
2.84.21.10.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 16.139.551.256.976
Sales YoY Gr.-145.5%29.7%11.2%-
Adj EPS 2.57.24.54.94.9
YoY Gr.-185%-37.9%9.6%-
BVPS (₹) 4.611.81217.233.6
Adj Net
Profit
4.412.77.98.612
Cash Flow from Ops. 0.63.621.8-7.6-
Debt/CF from Ops. 8.64.21.1-4.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANA52.4%11.2%
Adj EPS NANA24.7%9.6%
BVPSNANA55%43.4%
Share Price - - - -23.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
54.587.637.633.719.4
Op. Profit
Mgn %
47.945.82422NAN
Net Profit
Mgn %
27.632.115.415.116.1
Debt to
Equity
0.60.71.21.1-
Working Cap
Days
01281341580
Cash Conv.
Cycle
03052840

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 52.40%

Net Profit is growing at healthy rate in last 3 years 24.73%

Return on Equity has declined versus last 3 years average to 19.40%

Debt to equity has increased versus last 3 years average to 1.06

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

Latest Financials - Shri Techtex Ltd.

Standalone Consolidated
TTM EPS (₹) 4.9 -
TTM Sales (₹ Cr.) 76.4 -
BVPS (₹.) 33.6 -
Reserves (₹ Cr.) 59 -
P/BV 1.84 -
PE 12.60 -
From the Market
52 Week Low / High (₹) 0.00 / 0.00
All Time Low / High (₹) - / -
Market Cap (₹ Cr.) 155
Equity (₹ Cr.) 25
Face Value (₹) 10
Industry PE 28.4

Management X-Ray of Shri Techtex:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Shri Techtex

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23
Sales16395157
Operating Expenses 8213944
Manufacturing Costs6866
Material Costs092936
Employee Cost 2311
Other Costs 0242
Operating Profit 8181213
Operating Profit Margin (%) 47.9%45.8%24.0%22.0%
Other Income 0111
Interest 1111
Depreciation 1111
Exceptional Items 0000
Profit Before Tax 6171112
Tax 2423
Profit After Tax 41389
PAT Margin (%) 27.8%32.1%16.2%16.0%
Adjusted EPS (₹)2.67.24.75.2
Dividend Payout Ratio (%)0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 8212130
Share Capital 22218
Reserves 6191913
Minority Interest0000
Debt5142532
Long Term Debt5141925
Short Term Debt0057
Trade Payables2465
Others Liabilities 3827
Total Liabilities 18475374

Fixed Assets

Gross Block12153841
Accumulated Depreciation2312
Net Fixed Assets10123738
CWIP 11201
Investments 0000
Inventories22412
Trade Receivables2111012
Cash Equivalents 0101
Others Assets29110
Total Assets 18475374

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 1422-8
PBT 6171112
Adjustment 2222
Changes in Working Capital -6-1111-18
Tax Paid -2-4-3-2
Cash Flow From Investing Activity 0-14-13-3
Capex 0-14-20-4
Net Investments 0000
Others 0071
Cash Flow From Financing Activity 011-911
Net Proceeds from Shares 0000
Net Proceeds from Borrowing -1956
Interest Paid -1-1-1-1
Dividend Paid 0000
Others 23-136
Net Cash Flow 0001
PARTICULARSMar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)55.3287.7739.5835.62
ROCE (%)52.5872.5829.0423.1
Asset Turnover Ratio0.911.231.030.9
PAT to CFO Conversion(x)0.250.312.75-0.89
Working Capital Days
Receivable Days46617670
Inventory Days46172151
Payable Days01196252

Shri Techtex Ltd Stock News

Shri Techtex Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Shri Techtex on 01-Jan-1970 05:30 is ₹0.00.
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 01-Jan-1970 05:30 the market cap of Shri Techtex stood at ₹154.7.
The latest P/E ratio of Shri Techtex as of 01-Jan-1970 05:30 is 12.60.
The latest P/B ratio of Shri Techtex as of 01-Jan-1970 05:30 is 1.84.
The 52-week high of Shri Techtex is ₹0.00 and the 52-week low is ₹0.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Shri Techtex is ₹76.38 ( Cr.) .

About Shri Techtex Ltd

Shri Techtex was originally formed and registered as a partnership firm under the Partnership Act, 1932 (Partnership Act) in the name and style of ‘M/s Shree Tech Tex Company’, pursuant to a deed of partnership dated January 7, 2011. Subsequently, the constitution of partnership firm was changed on February 18, 2016, July 01, 2017, March 14, 2018 and June 12, 2020 by admission and retirement of partners. Later on, Name of ‘M/s Shree Tech Tex Company’ was changed to ‘M/s Shri Techtex’ on July 03, 2018 by amendment in Deed of Partnership. ‘M/s Shri Techtex’ was thereafter converted from a partnership firm to a private limited company under Part I chapter XXI of the Companies Act, 2013 in the name of ‘Shri Techtex Private Limited’ and received a certificate of incorporation dated September 08, 2018 from the Central Registration Center, Ministry of Corporate Affairs. Subsequently, the company was converted into a Public Limited Company pursuant to shareholders resolution passed at Extra-ordinary General Meeting of the company held on December 31, 2022 and the name of the company was changed to ‘Shri Techtex Limited’. A fresh Certificate of Incorporation consequent upon Conversion from Private Limited Company to Public Limited Company dated January 03, 2023 was issued by the Registrar of Companies, Ahmedabad.

The company is engaged in the business of manufacturing of Polypropylene (PP) Non-Woven Fabric. The practical use of non-woven fabric is more ecological for certain applications, especially in fields and industries where disposable or single use products are important, such as organic farming, hospitals, health care, nursing homes, home furnishing, vehicle upholstery seat fabrication, Mattress & furniture covering, ecological packaging, industrial and consumer goods. It manufactures PP non-woven fabric in variety of sizes and density. Its manufacturing facility is situated at Simaj of Dholka Taluka in Ahmedabad District of Gujarat. The manufacturing facility is well connected with near about transport hubs.

In past, since FY 2011, as a Partnership firm, it was engaged in the business of industrial trading activity in Polymers, Chemicals, Packaging Materials and other allied products. Upon conversion of Partnership Firm to company, the company continued manufacturing on job work basis and in the initial phase it was engaged in job work basis exclusively for its group companies. However, with effect from April 01, 2021, as a result of demerger, the said business of contract manufacturing was transferred to resultant company Aurum Fabritech Private Limited (Aurum Fabritech Private Limited was converted to LLP with effect from February 02, 2022). After the demerger, till date, the company is engaged in the business of manufacturing of Polypropylene (PP) Non-Woven Fabric.

Business area of the company 

The company is engaged in the business of Polypropylene (PP) Non-Woven Fabric manufacturing.

Products of the company 

  • Non-Woven fabric roll
  • Breathe bale non-Woven fabric
  • Non-Woven fabric 

History and milestone

  • 2018: The company was incorporated as a private limited company under the name ‘Shri Techtex Private Limited’.
  • 2023: Conversion of the company from Private Limited to Public Limited Company.

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