Pasupati Spinning & Weaving Mills Ltd
₹ 36.4
-1.00%
21 Jan
9:16 a.m.
About
Incorporated in 1981, Pasupati Spinning & Weaving Mills Ltd is in the business of Fabrics, Bed Sheets, Acrylic Fiber, Cotton and Polyester Blended Yarns as well as Commodity Trading.
Key Points
- Market Cap ₹ 34.0 Cr.
- Current Price ₹ 36.4
- High / Low ₹ 40.5 / 27.8
- Stock P/E 94.6
- Book Value ₹ 32.6
- Dividend Yield 0.00 %
- ROCE 7.07 %
- ROE 1.96 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.13 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 1.83% over 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.
Peer comparison
Sector: Textiles Industry: Textiles - Spinning - Synthetic / Blended
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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 154.27 | 204.69 | 201.73 | 186.50 | 149.73 | 119.00 | 112.67 | 109.96 | 66.44 | 101.74 | 137.44 | 107.94 | 99.97 | |
| 140.81 | 196.57 | 193.41 | 176.68 | 140.18 | 110.59 | 105.01 | 102.64 | 66.45 | 96.10 | 130.87 | 102.19 | 94.09 | |
| Operating Profit | 13.46 | 8.12 | 8.32 | 9.82 | 9.55 | 8.41 | 7.66 | 7.32 | -0.01 | 5.64 | 6.57 | 5.75 | 5.88 |
| OPM % | 8.72% | 3.97% | 4.12% | 5.27% | 6.38% | 7.07% | 6.80% | 6.66% | -0.02% | 5.54% | 4.78% | 5.33% | 5.88% |
| 18.01 | 2.12 | 2.49 | 0.95 | 2.05 | 2.49 | 2.35 | 2.42 | 4.92 | 1.66 | 1.26 | 2.24 | 1.60 | |
| Interest | 7.11 | 7.30 | 6.61 | 6.54 | 6.77 | 6.88 | 6.12 | 5.88 | 5.02 | 3.54 | 4.75 | 4.97 | 4.69 |
| Depreciation | 3.13 | 3.36 | 4.03 | 4.01 | 4.18 | 3.63 | 3.64 | 3.75 | 3.77 | 3.72 | 2.03 | 2.21 | 2.24 |
| Profit before tax | 21.23 | -0.42 | 0.17 | 0.22 | 0.65 | 0.39 | 0.25 | 0.11 | -3.88 | 0.04 | 1.05 | 0.81 | 0.55 |
| Tax % | 5.98% | 11.90% | -5.88% | 45.45% | -24.62% | -58.97% | 60.00% | 45.45% | -20.36% | -50.00% | -4.76% | 28.40% | |
| 19.96 | -0.46 | 0.19 | 0.12 | 0.82 | 0.61 | 0.10 | 0.05 | -3.09 | 0.05 | 1.10 | 0.59 | 0.36 | |
| EPS in Rs | 21.38 | -0.49 | 0.20 | 0.13 | 0.88 | 0.65 | 0.11 | 0.05 | -3.31 | 0.05 | 1.18 | 0.63 | 0.39 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -6% |
| 5 Years: | -1% |
| 3 Years: | 18% |
| TTM: | -21% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 21% |
| 5 Years: | 43% |
| 3 Years: | 28% |
| TTM: | 125% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 32% |
| 3 Years: | 11% |
| 1 Year: | 16% |
| Return on Equity | |
|---|---|
| 10 Years: | -1% |
| 5 Years: | -4% |
| 3 Years: | 2% |
| Last Year: | 2% |
Balance Sheet
Figures in Rs. Crores
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 9.34 | 9.34 | 9.34 | 9.34 | 9.34 | 9.34 | 9.34 | 9.34 | 9.34 | 9.34 | 9.34 | 9.34 | 9.34 |
| Reserves | 19.09 | 18.62 | 18.81 | 18.93 | 21.32 | 22.00 | 22.48 | 22.54 | 19.20 | 19.24 | 20.40 | 21.10 | 21.05 |
| 49.59 | 50.12 | 50.49 | 49.10 | 40.89 | 44.27 | 46.20 | 48.21 | 48.28 | 53.28 | 51.06 | 51.88 | 49.87 | |
| 24.70 | 34.99 | 35.62 | 32.75 | 38.96 | 34.53 | 32.80 | 33.40 | 27.44 | 25.42 | 22.06 | 19.08 | 22.14 | |
| Total Liabilities | 102.72 | 113.07 | 114.26 | 110.12 | 110.51 | 110.14 | 110.82 | 113.49 | 104.26 | 107.28 | 102.86 | 101.40 | 102.40 |
| 41.58 | 45.96 | 43.24 | 40.36 | 41.30 | 38.91 | 35.84 | 33.33 | 29.97 | 28.57 | 29.74 | 32.70 | 32.00 | |
| CWIP | 0.12 | 0.17 | 0.00 | 0.05 | 0.00 | 0.00 | 0.39 | 0.06 | 0.05 | 0.22 | 0.00 | 0.11 | 0.09 |
| Investments | 0.11 | 0.11 | 0.11 | 0.11 | 0.07 | 0.05 | 0.07 | 0.05 | 0.06 | 0.06 | 0.07 | 0.08 | 0.17 |
| 60.91 | 66.83 | 70.91 | 69.60 | 69.14 | 71.18 | 74.52 | 80.05 | 74.18 | 78.43 | 73.05 | 68.51 | 70.14 | |
| Total Assets | 102.72 | 113.07 | 114.26 | 110.12 | 110.51 | 110.14 | 110.82 | 113.49 | 104.26 | 107.28 | 102.86 | 101.40 | 102.40 |
Cash Flows
Figures in Rs. Crores
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -0.37 | 5.85 | 1.04 | 3.03 | 3.84 | -0.72 | 3.31 | -4.15 | 0.01 | -6.68 | 7.13 | 5.52 | |
| -0.76 | -6.57 | -0.85 | -1.03 | -4.92 | -1.31 | -1.30 | -0.77 | -0.36 | -2.22 | -2.83 | -5.24 | |
| 1.40 | 0.53 | 0.37 | -1.39 | 0.36 | 2.05 | 0.93 | 1.05 | 2.07 | 8.04 | -4.28 | 0.24 | |
| Net Cash Flow | 0.27 | -0.19 | 0.56 | 0.61 | -0.72 | 0.02 | 2.93 | -3.87 | 1.73 | -0.86 | 0.02 | 0.52 |
Ratios
Figures in Rs. Crores
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 58.82 | 41.64 | 44.20 | 49.51 | 70.57 | 91.59 | 84.81 | 102.57 | 155.53 | 111.54 | 78.95 | 97.89 |
| Inventory Days | 129.43 | 102.50 | 121.13 | 134.02 | 171.12 | 255.72 | 315.46 | 330.52 | 398.27 | 328.49 | 172.04 | 231.39 |
| Days Payable | 71.92 | 70.44 | 81.02 | 86.09 | 108.92 | 137.36 | 158.94 | 182.79 | 218.68 | 120.73 | 59.94 | 74.76 |
| Cash Conversion Cycle | 116.33 | 73.69 | 84.31 | 97.45 | 132.77 | 209.95 | 241.33 | 250.30 | 335.11 | 319.29 | 191.05 | 254.52 |
| Working Capital Days | 52.57 | 50.54 | 55.26 | 58.95 | 76.40 | 106.40 | 112.74 | 136.69 | 246.45 | 202.88 | 136.13 | 167.11 |
| ROCE % | 20.28% | 9.30% | 8.54% | 8.67% | 9.92% | 9.87% | 9.13% | 7.58% | -3.44% | 4.25% | 7.05% | 7.07% |
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
8 Jan - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018.
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Closure of Trading Window
24 Dec - Closure of trading window from January 1, 2025.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
15 Nov 2024 - Newspaper publication of financial results for quarter / half year ended on 30.09.2024
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Results-Financial Results For 30/09/2024
13 Nov 2024 - Submission of unaudited financial results for Q2 2024.
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Board Meeting Outcome for Outcome Of Board Meeting Dated 13.11.2024
13 Nov 2024 - Board approved standalone financial results for Q2 2024.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Business Segments[1]
a) Spinning Unit, Dharuhera
The company has discontinued operations at the Spinning Unit in Dharuhera due to adverse market conditions, aiming to minimize its impact on profitability.They plan to repurpose this unit into a logistics and Warehousing hub, leveraging its existing infrastructure.
Knitting, Garment, Dyeing & Processing Unit, Dharuhera[1]
The market for this unit remains challenging post-COVID-19. It has secured orders from Vishal Mega Mart in Q4 FY24, which is expected to positively impact future performance. The unit also does dyeing and processing on jobwork basis for external parties. Furthermore, company is in the process of obtaining GOTS (Global Organic Textile Standards) certification for organic knitting and dyeing, anticipated to enhance future revenue streams.
Sewing Thread Unit, Kala Amb, Himachal Pradesh[1]
This unit accounts for ~90% of their revenue and continues to operate profitably. However, its operations have been affected by the challenging textile market and labor shortages, which remain a concern. The management expects improved market conditions to boost operations in this segment.
Logistic and Warehousing [1]
The company has added Logistic and Warehousing as a new business segment in its Memorandum of Association. Surplus land and buildings at the Dharuhera unit have been developed with the first phase completed. This segment generated 1.55 Crs of revenue in FY24 and the management anticipates significant contributions from the segment in the coming years.