Premier Synthetics Ltd

Prem. Synthetic Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Premier Synthetics Ltd

₹ 19.4 7.14%
17 Apr - close price
premiersyntheticsltd.com BSE: 509835
About

Incorporated in 1970, Premier Synthetics Ltd manufactures and sells Cotton Yarn[1]

Key Points

Business Overview:[1][2]
Company has spinning plant for manufacturing coarse count cotton yarn from raw material consisting cotton and cotton waste. The end use of such cotton yarn is in denim industries and towel industries. Company follows order-based production policy wherein 50-60% of the goods are produced against orders which minimizes inventory risk

Website BSE
  • Market Cap ₹ 8.89 Cr.
  • Current Price ₹ 19.4
  • High / Low ₹ 34.6 / 14.0
  • Stock P/E 3.03
  • Book Value ₹ 33.1
  • Dividend Yield 0.00 %
  • ROCE 6.45 %
  • ROE 90.4 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Stock is trading at 0.58 times its book value
  • Debtor days have improved from 267 to 70.2 days.
  • Company's working capital requirements have reduced from 202 days to 91.7 days

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Tax rate seems low
  • Contingent liabilities of Rs.2.68 Cr.
  • Company might be capitalizing the interest cost

* 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: Trading Industry: Trading

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Operating Profit
OPM %
Interest
Depreciation
Profit before tax
Tax %
EPS in Rs
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014
14.31 18.31 22.36
12.04 14.28 17.24
Operating Profit 2.27 4.03 5.12
OPM % 15.86% 22.01% 22.90%
3.82 10.56 -0.19
Interest 1.41 0.45 1.73
Depreciation 2.91 2.64 2.55
Profit before tax 1.77 11.50 0.65
Tax % 0.00% -1.57% -306.15%
1.77 11.68 2.64
EPS in Rs 4.86 32.06 7.25
Dividend Payout % 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 22%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 148%
Stock Price CAGR
10 Years: 8%
5 Years: 60%
3 Years: -12%
1 Year: 15%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 90%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014
Equity Capital 3.64 3.64 3.64
Reserves -9.37 -9.22 8.42
54.59 48.31 27.97
14.14 4.81 13.27
Total Liabilities 63.00 47.54 53.30
27.30 24.11 36.41
CWIP 0.00 0.00 0.00
Investments 4.29 4.29 3.75
31.41 19.14 13.14
Total Assets 63.00 47.54 53.30

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014
-2.52 1.65 10.21
-2.16 16.51 0.39
4.53 -18.17 -10.64
Net Cash Flow -0.15 -0.01 -0.04

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014
Debtor Days 487.43 242.40 70.19
Inventory Days 128.79
Days Payable 104.84
Cash Conversion Cycle 487.43 242.40 94.14
Working Capital Days 324.44 188.98 91.74
ROCE % 3.17% 6.45%

Shareholding Pattern

Numbers in percentages

Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
48.03% 48.03% 48.03% 48.03% 48.03% 48.03% 48.03% 48.03% 48.03% 48.03% 48.03% 48.03%
3.43% 3.43% 3.43% 3.43% 3.43% 3.43% 3.43% 3.43% 3.43% 3.43% 3.43% 3.43%
48.54% 48.54% 48.54% 48.54% 48.54% 48.55% 48.54% 48.54% 48.54% 48.54% 48.55% 48.54%
No. of Shareholders 3,6593,5683,4843,4163,3753,3843,3853,3223,2733,3053,5813,675

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

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