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Banswara Syntex

₹152 1.9 | 1.3%

Market Cap ₹520 Cr.

Stock P/E 14.6

P/B 1

Current Price ₹152

Book Value ₹ 156.3

Face Value 5

52W High ₹188.7

Dividend Yield 0.66%

52W Low ₹ 132

Overview Inc. Year: 1976Industry: Textile - Manmade Fibres

Banswara Syntex Ltd is a holding business enterprise. The Company is engaged within the manufacturing of textile merchandise. The Company manufactures and markets spun synthetic blended yarn, cotton spun yarn, wool and wool blend yarn, spun artificial and worsted fabrics, cotton and linen fabric besides readymade clothes. The Company also produces shirting and technical fabric. It produces jackets and trousers at garment factories in Surat and Daman. The Company manufactures a number of yarns, along with 100% Polyester, 100% Viscose, 100% Acrylic, 100% Wool, Polyester/Viscose (P/V), P/V/Wool, P/V/Lycra, P/V/Linen and P/V/High Twists. The Company manufactures mono, bi-stretch and inflexible fabrics for men's and women's wear and domestic fabric furnishing fabrics in diverse blends, which include Worsted Spun Polyester/Wool, 100% Wool Specialties, 100% Viscose, Polyester/Viscose, Polyester/Modal, Polyester/Viscose/Lycra, Polyester/Viscose/Cotton, Polyester/Wool/Lycra, and Upholstery and Technical Fabric.

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Banswara Syntex Share Price

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Banswara Syntex Quarterly Results

#(Fig in Cr.) Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Net Sales 303 367 355 406 368 369 302 316 302 343
Other Income 5 6 3 2 5 5 3 2 4 9
Total Income 308 373 358 408 373 374 306 318 306 352
Total Expenditure 274 325 312 357 314 319 276 288 277 322
Operating Profit 33 48 47 51 58 55 30 30 29 30
Interest 6 7 8 8 9 8 7 8 7 8
Depreciation 10 10 10 10 10 10 11 11 11 11
Exceptional Income / Expenses 1 0 0 0 0 0 0 0 0 0
Profit Before Tax 18 32 29 33 39 37 13 11 11 11
Provision for Tax 6 13 10 -2 10 10 3 3 3 3
Profit After Tax 12 19 19 35 29 28 9 8 8 8
Adjustments -0 -1 -0 1 0 1 0 1 0 0
Profit After Adjustments 12 19 19 36 30 29 10 9 8 8
Adjusted Earnings Per Share 3.5 5.5 5.4 10.4 8.7 8.4 2.8 2.7 2.4 2.5

Banswara Syntex Profit & Loss

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 1215 1231 1270 1244 1292 1351 1289 787 1190 1499 1263
Other Income 4 17 11 14 16 14 13 16 21 15 18
Total Income 1220 1248 1281 1258 1308 1365 1302 803 1211 1514 1282
Total Expenditure 1037 1090 1107 1111 1181 1231 1145 711 1073 1302 1163
Operating Profit 182 158 175 147 127 134 157 92 139 212 119
Interest 81 81 70 63 59 56 49 33 25 32 30
Depreciation 54 63 61 58 58 55 51 46 42 41 44
Exceptional Income / Expenses 0 0 0 -1 1 -3 0 3 0 0 0
Profit Before Tax 47 14 44 25 11 20 58 16 71 141 46
Provision for Tax 21 6 17 6 3 -5 4 3 25 29 12
Profit After Tax 26 8 27 19 8 24 53 14 46 113 33
Adjustments 0 0 0 0 0 0 -0 1 0 0 1
Profit After Adjustments 26 8 27 19 8 24 53 15 46 113 35
Adjusted Earnings Per Share 8.4 2.4 8 5.6 2.5 7.1 15.6 4.2 13.3 32.9 10.4

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 26% 5% 3% 0%
Operating Profit CAGR 53% 11% 11% 0%
PAT CAGR 146% 29% 70% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -10% 35% 38% 19%
ROE Average 25% 14% 13% 10%
ROCE Average 22% 15% 14% 13%

Banswara Syntex Balance Sheet

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 213 223 248 261 268 294 341 357 399 509
Minority's Interest 3 0 0 0 0 0 0 0 0 0
Borrowings 295 263 217 199 185 140 97 137 106 124
Other Non-Current Liabilities 55 53 56 62 61 54 54 59 37 29
Total Current Liabilities 547 555 536 545 576 514 395 224 340 407
Total Liabilities 1112 1093 1057 1067 1090 1002 887 778 882 1069
Fixed Assets 530 516 485 486 460 418 374 338 314 370
Other Non-Current Assets 26 20 25 28 24 25 33 47 63 75
Total Current Assets 556 557 547 553 606 559 480 393 505 624
Total Assets 1112 1093 1057 1067 1090 1002 887 778 882 1069

Banswara Syntex Cash Flow

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 0 33 17 10 8 4 8 4 8 19
Cash Flow from Operating Activities 0 183 173 140 106 137 208 132 54 20
Cash Flow from Investing Activities 0 -48 -26 -61 -25 -10 -7 -3 -48 -99
Cash Flow from Financing Activities 0 -151 -143 -82 -85 -123 -206 -126 5 75
Net Cash Inflow / Outflow 0 -16 5 -2 -4 4 -5 4 11 -4
Closing Cash & Cash Equivalent 0 17 22 8 4 8 4 8 19 15

Banswara Syntex Ratios

# Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 8.36 2.44 8.03 5.59 2.45 7.11 15.57 4.24 13.33 32.93
CEPS(Rs) 25.62 21.47 25.95 22.38 19.37 23.09 30.56 17.61 25.56 44.85
DPS(Rs) 1.5 0.5 1 0.5 0.5 0.5 0.75 0.75 1.25 3
Book NAV/Share(Rs) 67.63 67.56 73.32 76.21 78.39 85.81 99.63 104.33 116.5 148.71
Core EBITDA Margin(%) 14.42 11.36 12.78 10.65 8.58 8.89 11.18 9.63 9.84 13.12
EBIT Margin(%) 10.41 7.69 8.92 7.05 5.41 5.61 8.24 6.21 8.03 11.54
Pre Tax Margin(%) 3.81 1.16 3.43 2.03 0.84 1.44 4.46 2.08 5.95 9.43
PAT Margin (%) 2.09 0.65 2.13 1.51 0.61 1.79 4.14 1.75 3.83 7.52
Cash Profit Margin (%) 6.44 5.69 6.88 6.11 5.12 5.84 8.11 7.65 7.34 10.24
ROA(%) 2.32 0.73 2.53 1.79 0.73 2.31 5.65 1.66 5.5 11.56
ROE(%) 12.31 3.72 11.57 7.46 2.99 8.6 16.82 3.96 12.07 24.84
ROCE(%) 14.08 10.78 13.67 10.85 8.61 9.67 14.89 7.85 15.4 22.48
Receivable days 45.87 43.31 43.32 46.87 48.07 46.7 42.95 59.12 36.98 41.2
Inventory Days 90.2 93.35 88.64 90.21 90.08 80.62 74.32 100.55 72.8 72.16
Payable days 51.03 50.17 66.61 92.04 101.71 89.48 77.33 108.53 79.36 60.66
PER(x) 2.87 12.6 5.55 14.41 20.05 4.88 2.29 11.8 7.97 3.68
Price/Book(x) 0.35 0.46 0.61 1.06 0.63 0.4 0.36 0.48 0.91 0.81
Dividend Yield(%) 6.25 1.62 2.24 0.62 1.02 1.44 2.11 1.5 1.18 2.48
EV/Net Sales(x) 0.61 0.58 0.54 0.66 0.54 0.42 0.33 0.49 0.5 0.5
EV/Core EBITDA(x) 4.08 4.55 3.96 5.58 5.44 4.28 2.74 4.17 4.3 3.53
Net Sales Growth(%) 0 1.25 3.22 -2.04 3.83 4.56 -4.55 -39 51.25 25.97
EBIT Growth(%) 0 -25.78 19.42 -22.34 -20.86 8.44 40.03 -53.99 95.65 80.88
PAT Growth(%) 0 -68.92 238.85 -30.22 -58.31 205.32 120.9 -74.13 230.28 147.13
EPS Growth(%) 0 -70.78 228.81 -30.49 -56.07 189.93 118.83 -72.77 214.39 147.13
Debt/Equity(x) 3.31 2.86 2.26 2.15 2 1.61 0.94 0.64 0.65 0.73
Current Ratio(x) 1.02 1 1.02 1.01 1.05 1.09 1.21 1.75 1.49 1.53
Quick Ratio(x) 0.46 0.41 0.48 0.41 0.52 0.53 0.61 0.88 0.67 0.76
Interest Cover(x) 1.58 1.18 1.63 1.4 1.18 1.35 2.18 1.5 3.86 5.45
Total Debt/Mcap(x) 9.39 6.26 3.72 2.03 3.18 3.97 2.63 1.33 0.71 0.9

Banswara Syntex Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 58.76 58.73 58.73 57.82 56.3 56.25 56.25 56.1 54.37 54.37
FII 0 0 0 0 0 0 0 0 0 8.9
DII 11.3 11.38 11.37 11.37 11.59 11.44 9.72 8.4 8.93 0
Public 29.94 29.89 29.9 30.81 32.12 32.31 34.03 35.5 36.7 36.73
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company has delivered good profit growth of 69% CAGR over last 5 years
  • Debtor days have improved from 79.36 to 60.66days.

Cons

  • Company has a low return on equity of 14% over the last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Banswara Syntex News

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