Swasti Vinayaka Synthetics Ltd

Swasti Vinayaka Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Swasti Vinayaka Synthetics Ltd

₹ 6.83 -0.73%
03 Jan - close price
swastivinayaka.com BSE: 510245
About

Incorporated in 1981, Swasti Vinayaka Synthetics Limited is mainly engaged in the manufacturing of suiting, shirting and apparels

Key Points

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

Website BSE
  • Market Cap ₹ 61.5 Cr.
  • Current Price ₹ 6.83
  • High / Low ₹ 10.6 / 6.00
  • Stock P/E 29.3
  • Book Value ₹ 2.43
  • Dividend Yield 0.00 %
  • ROCE 14.9 %
  • ROE 10.1 %
  • Face Value ₹ 1.00
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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

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Quarterly Results

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
4.97 5.01 7.08 6.55 6.16 5.45 8.67 5.84 7.09 10.80 6.93 9.52 8.40
4.25 4.59 6.02 6.04 5.40 4.84 7.37 5.26 6.28 9.87 6.02 8.54 7.51
Operating Profit 0.72 0.42 1.06 0.51 0.76 0.61 1.30 0.58 0.81 0.93 0.91 0.98 0.89
OPM % 14.49% 8.38% 14.97% 7.79% 12.34% 11.19% 14.99% 9.93% 11.42% 8.61% 13.13% 10.29% 10.60%
0.02 0.04 0.04 0.03 0.01 0.03 0.18 0.05 0.03 0.04 0.14 0.01 0.05
Interest 0.11 0.07 0.08 0.02 0.12 0.13 0.20 0.13 0.09 0.21 0.11 0.10 0.26
Depreciation 0.08 0.08 0.04 0.06 0.10 0.08 0.07 0.01 0.18 0.09 0.05 0.27 0.10
Profit before tax 0.55 0.31 0.98 0.46 0.55 0.43 1.21 0.49 0.57 0.67 0.89 0.62 0.58
Tax % 0.00% 0.00% 55.10% 0.00% 0.00% 0.00% 53.72% 0.00% 0.00% 0.00% 73.03% 0.00% 0.00%
0.55 0.31 0.44 0.46 0.55 0.42 0.56 0.48 0.57 0.67 0.24 0.61 0.58
EPS in Rs 0.06 0.03 0.05 0.05 0.06 0.05 0.06 0.05 0.06 0.07 0.03 0.07 0.06
Raw PDF

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 35.65
14.34 14.12 14.29 13.75 13.68 16.21 15.40 18.37 11.49 17.61 23.65 27.44 31.94
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 3.71
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% 10.41%
0.03 0.02 0.40 0.08 0.08 0.32 0.46 0.26 0.14 0.12 0.26 0.26 0.24
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 0.68
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 0.51
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 2.10
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: 32%
Compounded Profit Growth
10 Years: 15%
5 Years: -5%
3 Years: 9%
TTM: 3%
Stock Price CAGR
10 Years: 16%
5 Years: 23%
3 Years: -20%
1 Year: -18%
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 Sep 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 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 12.86
1.56 0.84 2.42 0.80 1.45 1.84 3.19 6.40 2.64 0.83 2.35 0.81 5.03
4.51 4.05 5.49 6.39 7.32 9.54 8.92 10.01 10.08 11.86 14.36 12.90 13.33
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 40.22
5.80 4.87 5.60 4.97 4.80 4.29 4.22 4.91 4.62 4.75 4.86 4.65 4.36
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 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 0.32
9.00 8.44 10.27 10.34 12.49 15.83 19.32 23.60 22.63 24.41 28.57 29.40 35.54
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 40.22

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% 14.92%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
51.00% 51.00% 51.00% 51.01% 51.00% 51.00% 51.00% 51.00% 51.00% 51.00% 51.00% 51.00%
49.00% 49.00% 49.00% 48.98% 49.00% 49.00% 48.99% 48.99% 49.00% 49.00% 49.00% 48.99%
No. of Shareholders 18,05731,89832,10430,91630,53929,83829,48329,33429,84639,71238,21237,937

Documents

Announcements

Annual reports