Swasti Vinayaka Synthetics Ltd
Incorporated in 1981, Swasti Vinayaka Synthetics Limited is mainly engaged in the manufacturing of suiting, shirting and apparels
- Market Cap ₹ 69.6 Cr.
- Current Price ₹ 7.73
- High / Low ₹ 10.6 / 5.40
- Stock P/E 33.3
- Book Value ₹ 2.29
- Dividend Yield 0.00 %
- ROCE 14.3 %
- ROE 10.1 %
- Face Value ₹ 1.00
Pros
- Company is expected to give good quarter
- Debtor days have improved from 113 to 84.9 days.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 10.8% 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
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
16.10 | 15.59 | 16.06 | 16.09 | 16.52 | 19.31 | 19.06 | 20.91 | 14.27 | 20.35 | 26.82 | 30.66 | 34.34 | |
14.34 | 14.12 | 14.29 | 13.75 | 13.68 | 16.21 | 15.40 | 18.37 | 11.49 | 17.61 | 23.65 | 27.44 | 30.76 | |
Operating Profit | 1.76 | 1.47 | 1.77 | 2.34 | 2.84 | 3.10 | 3.66 | 2.54 | 2.78 | 2.74 | 3.17 | 3.22 | 3.58 |
OPM % | 10.93% | 9.43% | 11.02% | 14.54% | 17.19% | 16.05% | 19.20% | 12.15% | 19.48% | 13.46% | 11.82% | 10.50% | 10.43% |
0.03 | 0.02 | 0.40 | 0.08 | 0.08 | 0.32 | 0.46 | 0.26 | 0.14 | 0.12 | 0.26 | 0.26 | 0.22 | |
Interest | 0.25 | 0.18 | 0.28 | 0.41 | 0.28 | 0.22 | 0.25 | 0.40 | 0.64 | 0.30 | 0.47 | 0.53 | 0.51 |
Depreciation | 0.36 | 0.34 | 0.69 | 0.66 | 0.49 | 0.47 | 0.42 | 0.49 | 0.28 | 0.28 | 0.32 | 0.32 | 0.53 |
Profit before tax | 1.18 | 0.97 | 1.20 | 1.35 | 2.15 | 2.73 | 3.45 | 1.91 | 2.00 | 2.28 | 2.64 | 2.63 | 2.76 |
Tax % | 32.20% | 50.52% | 37.50% | 34.07% | 43.72% | 24.54% | 26.96% | 25.13% | 23.00% | 23.68% | 24.62% | 24.71% | |
0.80 | 0.47 | 0.75 | 0.88 | 1.21 | 2.06 | 2.52 | 1.43 | 1.54 | 1.75 | 1.99 | 1.98 | 2.09 | |
EPS in Rs | 0.09 | 0.05 | 0.08 | 0.10 | 0.13 | 0.23 | 0.28 | 0.16 | 0.17 | 0.19 | 0.22 | 0.22 | 0.23 |
Dividend Payout % | 43.75% | 89.36% | 65.33% | 63.64% | 52.07% | 33.98% | 30.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | 7% |
5 Years: | 10% |
3 Years: | 29% |
TTM: | 31% |
Compounded Profit Growth | |
---|---|
10 Years: | 15% |
5 Years: | -5% |
3 Years: | 9% |
TTM: | 4% |
Stock Price CAGR | |
---|---|
10 Years: | 16% |
5 Years: | 22% |
3 Years: | 2% |
1 Year: | 31% |
Return on Equity | |
---|---|
10 Years: | 13% |
5 Years: | 11% |
3 Years: | 11% |
Last Year: | 10% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 9.00 | 9.00 | 9.00 |
Reserves | 1.74 | 1.68 | 1.79 | 1.95 | 2.35 | 3.52 | 5.79 | 5.95 | 7.87 | 7.61 | 9.61 | 11.60 |
1.56 | 0.84 | 2.42 | 0.80 | 1.45 | 1.84 | 3.19 | 6.40 | 2.64 | 0.83 | 2.35 | 2.75 | |
4.51 | 4.05 | 5.49 | 6.39 | 7.32 | 9.54 | 8.92 | 10.01 | 10.08 | 11.86 | 14.36 | 10.96 | |
Total Liabilities | 14.81 | 13.57 | 16.70 | 16.14 | 18.12 | 21.90 | 24.90 | 29.36 | 27.59 | 29.30 | 35.32 | 34.31 |
5.80 | 4.87 | 5.60 | 4.97 | 4.80 | 4.29 | 4.22 | 4.91 | 4.62 | 4.75 | 4.86 | 4.65 | |
CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Investments | 0.01 | 0.26 | 0.83 | 0.83 | 0.83 | 1.78 | 1.36 | 0.85 | 0.34 | 0.14 | 1.89 | 0.26 |
9.00 | 8.44 | 10.27 | 10.34 | 12.49 | 15.83 | 19.32 | 23.60 | 22.63 | 24.41 | 28.57 | 29.40 | |
Total Assets | 14.81 | 13.57 | 16.70 | 16.14 | 18.12 | 21.90 | 24.90 | 29.36 | 27.59 | 29.30 | 35.32 | 34.31 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1.34 | 2.75 | 2.71 | 3.22 | 3.30 | 3.43 | 1.38 | 2.97 | -0.16 | 1.83 | 3.13 | -2.78 | |
0.30 | -0.24 | -2.02 | -0.04 | -0.31 | -0.98 | 0.39 | -0.86 | 1.01 | -0.25 | -2.03 | 1.69 | |
-1.65 | -2.49 | -0.72 | -3.17 | -2.77 | -2.33 | -2.09 | -2.10 | -0.85 | -1.58 | -1.12 | 1.47 | |
Net Cash Flow | -0.01 | 0.02 | -0.03 | 0.01 | 0.22 | 0.12 | -0.32 | 0.02 | -0.01 | -0.01 | -0.02 | 0.38 |
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 | 53.96 | 54.55 | 55.45 | 55.58 | 58.33 | 74.85 | 112.99 | 119.40 | 175.72 | 130.57 | 124.39 | 84.88 |
Inventory Days | 122.25 | 94.54 | 121.10 | 128.08 | 171.52 | 173.93 | 233.92 | 269.00 | 444.35 | 276.72 | 257.91 | 245.94 |
Days Payable | 15.76 | 11.77 | 17.93 | 4.72 | 18.93 | 45.07 | 27.50 | 39.29 | 27.93 | 31.71 | 45.66 | 26.81 |
Cash Conversion Cycle | 160.44 | 137.32 | 158.63 | 178.94 | 210.92 | 203.71 | 319.40 | 349.11 | 592.14 | 375.59 | 336.64 | 304.01 |
Working Capital Days | 120.16 | 112.38 | 116.59 | 100.04 | 101.41 | 101.13 | 158.75 | 157.10 | 306.68 | 237.12 | 182.50 | 247.14 |
ROCE % | 13.21% | 11.60% | 14.28% | 16.79% | 23.65% | 25.47% | 26.11% | 13.08% | 14.32% | 14.76% | 16.20% | 14.26% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 22 Aug
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
15 Aug - Copies of Newspaper Publications of the Un-audited Financial Results of the company for the quarter ended June 30, 2024, approved at the Board meeting held …
- Announcement under Regulation 30 (LODR)-Code of Conduct under SEBI (PIT) Regulations, 2015 14 Aug
-
Announcement under Regulation 30 (LODR)-Change in Directorate
14 Aug - Appointment of Mr. Harsh Agarwal (DIN 07771998), as an Additional Director of the company in Independent capacity w.e.f. Wednesday, August 14, 2024 till the ensuing …
- Unaudited Financial Results For The Quarter Ended June 30, 2024 14 Aug
Annual reports
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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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Financial Year 2008
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Business Overview:[1]
Company manufactures high-end cotton, cotton-blended and linen designer shirting and markets its products directly to retail chains, RMG sector, garment exporters and corporate houses. Company caters to corporate and government institutions for uniform fabrics. Also company is in receipt of compensation against property