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Vijay Textiles Ltd. Stock Analysis

Small Cap
Evaluated by 93 users | BSE: 530151 | NSE: |
Textile
Vijay Textiles (VTL) was incorporated on February 2, 1990 and subsequently converted into a public limited company for which it obtained a fresh certificate of incorporation on 17 June 1994. The company manufactures and markets finished fabrics under the brand name of ‘Vijay’...

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 8.23%8.52%5.46%5.11%6.06%-1.82%5.49%7.3%8.69%6.03%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 12013099.792.610689.310811611094.9
Y-o-Y Gr. Rt.-8.3%-23.3%-7.1%14.5%-15.8%20.9%7.5%-4.9%-14%
Adjusted EPS (Rs.) 3.265.51-2.63-1.131.72-16.750.943.476.11.97
Y-o-Y Gr. Rt.-69%-147.7%NANA-1073.8%NA269.2%75.8%-67.7%
Book Value per Share (Rs.) 54.3460.4560.8960.6262.3545.145.9846.6852.6957.51
Adjusted Net Profit 3.86.3-3-1.32-19.31.14.683
Net Op. Cash Flow (Rs. Cr.) -7.3-10.69.3-2334.30.513.510.711.77.2
Debt to Cash Flow from Ops -26.44-20.219.7-7.134.43316.213.0918.71828.54
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.
Vijay Textiles Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -2.6%-2.2%-4.2%-14%
Adjusted EPS -5.4%2.8%28%-67.7%
Book Value per Share 0.6-1.67.79.2
Share Price 7.4% 40.9% -0.9% 18.8%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 5.979.45-3.17-1.081.64-17.231.055.4512.283.12
Operating Profit Margin (%) 25.8827.9728.5528.5321.6310.4227.1325.8431.231.19
Net Profit Margin (%) 3.124.87-3.03-1.411.87-21.581.013.927.263.18
Debt to Equity 3.053.081.531.371.251.671.683.263.052.32
Working Capital Days 3123515337007078477417678871,117
Cash Conversion Cycle 267314467549536655585621731941
Entity Percentage Holding
Promoters 74.76%
Non-Institutions 25.24%
Pledged *79.5679.5679.5679.5664.4864.4864.4864.4864.4850.27
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Vijay Textiles's performance infers:

Vijay Textiles earnings have grown by 2.8%, whereas share price has appreciated 40.9% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Vijay Textiles share prices over the last 10 years. Here is what we found out:

Vijay Textiles share price has appreciated 2.5% annually over the past ten years.

Vijay Textiles (VTL) was incorporated on February 2, 1990 and subsequently converted into a public limited company for which it obtained a fresh certificate of incorporation on 17 June 1994.

The company manufactures and markets finished fabrics under the brand name of ‘Vijay’ throughout India.

VTL established its brand name in the domestic market and created a strong sales network for its brand of products. With this strong backdrop it then ventured into full-fledged

Vijay Textiles (VTL) was incorporated on February 2, 1990 and subsequently converted into a public limited company for which it obtained a fresh certificate of incorporation on 17 June 1994.

The company manufactures and markets finished fabrics under the brand name of ‘Vijay’ throughout India.

VTL established its brand name in the domestic market and created a strong sales network for its brand of products. With this strong backdrop it then ventured into full-fledged manufacturing of processed textiles by setting up its own facilities in June 1993 and commenced the operations from September 1993 onwards.

The process house of the company was setup at APIIC Developed Industrial Estate in Kattedan, Hyderabad on land admeasuring 2 acres fully-owned by the company. The manufacturing facility at Kattedan was in operation up to June 2006, after which it was converted as a premise that can be used for all India wholesale trade operations, facilitating dispatching of goods to the dealers across the country.

Consequent to government directives, the company decided to set a new manufacturing facility at Rajapoor Village, Balanagar Mandal, Mahaboobnagar district. The new unit was conceived to keep pace with technological advancements and with a commitment to ecology for locating the unit in the backdrop of a green belt in an extremely environment friendly ambience. This new facility gave the company an edge to expand its manufacturing facilities and add many more value-added products.

VTL had also set up additional facilities for production of wider width of cloth at the Rajapoor factory site. The company has its corporate office situated at Secunderabad.

The company also has its own factory retail outlet at its premises at Secunderabad, main focus being on Mega Retail Mall Concept.

It has also entered into a new line of business i.e. development of infrastructure projects. Under this, it has undertaken a project namely ‘Tech-Park’, which offers office area on lease to software/IT companies.

Products Curtains, bed linen and upholstery.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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