Yarn Syndicate Ltd

₹ 46.8 -5.00%

22 Nov - close price

About

Incorporated in 1946, Yarn Syndicate
Limited is engaged in trading and export
of yarns.

Key Points

Business Overview:^[1]^[2]
Company is a government recognized Star Trading House, merchant exporter and trader of various types of yarn, raw cotton and fabrics. During last few years, company diversified its business portfolio from export of yarn to trading in domestic market in various kinds of fabrics. Though company has not done any export business for several years but is on the look out for favorable export deals.

Website BSE

Market Cap ₹ 35.4 Cr.
Current Price ₹ 46.8
High / Low ₹ 61.0 / 20.9
Stock P/E
Book Value ₹ 10.7
Dividend Yield 0.00 %
ROCE 0.61 %
ROE 0.69 %
Face Value ₹ 10.0

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Pros

Cons

Stock is trading at 4.37 times its book value
Company has low interest coverage ratio.
Promoter holding is low: 6.73%
Company has high debtors of 374 days.
Promoter holding has decreased over last 3 years: -61.0%

* 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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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	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
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.48	0.95	1.05	0.94	0.39
	0.03	0.03	0.06	0.07	0.03	0.04	0.05	0.06	0.48	0.79	1.13	1.07	0.65
Operating Profit	-0.03	-0.03	-0.06	-0.07	-0.03	-0.04	-0.05	-0.06	0.00	0.16	-0.08	-0.13	-0.26
OPM %									0.00%	16.84%	-7.62%	-13.83%	-66.67%
	0.15	0.15	0.30	0.00	0.00	0.00	0.03	0.00	0.04	0.02	0.00	0.00	0.00
Interest	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
Depreciation	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
Profit before tax	0.12	0.12	0.24	-0.07	-0.03	-0.04	-0.02	-0.06	0.04	0.18	-0.08	-0.13	-0.26
Tax %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	22.22%	-50.00%	0.00%	0.00%
	0.12	0.12	0.24	-0.07	-0.03	-0.04	-0.02	-0.06	0.04	0.14	-0.04	-0.13	-0.26
EPS in Rs	0.06	0.06	0.11	-0.03	-0.01	-0.02	-0.01	-0.03	0.02	0.06	-0.02	-0.06	-0.12
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	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
	1.78	3.04	0.01	0.03	8.30	2.73	3.65	0.00	0.00	0.00	0.00	2.48	3.33
	2.90	4.26	1.48	0.89	8.16	4.15	3.53	1.44	0.19	0.20	0.19	2.44	3.64
Operating Profit	-1.12	-1.22	-1.47	-0.86	0.14	-1.42	0.12	-1.44	-0.19	-0.20	-0.19	0.04	-0.31
OPM %	-62.92%	-40.13%	-14,700.00%	-2,866.67%	1.69%	-52.01%	3.29%					1.61%	-9.31%
	0.40	1.96	0.06	-2.68	0.02	4.50	0.60	0.00	0.00	0.60	0.03	0.04	0.02
Interest	0.30	0.09	0.08	0.11	0.07	0.04	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.42	0.32	0.26	0.21	0.08	0.08	0.07	0.02	0.00	0.00	0.00	0.00	0.00
Profit before tax	-1.44	0.33	-1.75	-3.86	0.01	2.96	0.65	-1.46	-0.19	0.40	-0.16	0.08	-0.29
Tax %	0.00%	-9.09%	-2.29%	-22.02%	100.00%	26.01%	78.46%	-7.53%	84.21%	0.00%	0.00%	0.00%
	-1.44	0.36	-1.71	-3.01	0.00	2.20	0.14	-1.34	-0.35	0.40	-0.16	0.08	-0.29
EPS in Rs	-0.66	0.17	-0.78	-1.38	0.00	1.01	0.06	-0.61	-0.16	0.18	-0.07	0.04	-0.14
Dividend Payout %	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:	-2%
5 Years:	-7%
3 Years:	%
TTM:	594%

Compounded Profit Growth
10 Years:	8%
5 Years:	-11%
3 Years:	31%
TTM:	-263%

Stock Price CAGR
10 Years:	36%
5 Years:	72%
3 Years:	98%
1 Year:	111%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	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	3.75	3.75	3.75	3.75	3.75	3.75	3.75	3.75	3.75	3.75	3.75	12.75	12.75
Reserves	-0.69	-0.33	-2.05	-5.06	-5.06	-2.86	-2.72	-4.07	-4.41	-4.01	-4.17	11.00	10.61
	2.27	2.13	2.91	3.56	3.92	1.31	0.75	0.78	0.86	0.55	0.43	2.57	3.62
	0.73	0.73	0.72	0.73	4.95	0.14	0.19	0.14	0.16	0.16	0.17	1.15	2.84
Total Liabilities	6.06	6.28	5.33	2.98	7.56	2.34	1.97	0.60	0.36	0.45	0.18	27.47	29.82
	1.56	1.25	0.92	0.71	0.54	0.16	0.09	0.07	0.07	0.07	0.06	0.06	0.14
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	0.00	0.00	0.00	0.00	0.00	0.15	0.00	0.00	0.00	0.00	0.00	19.85	19.85
	4.50	5.03	4.41	2.27	7.02	2.03	1.88	0.53	0.29	0.38	0.12	7.56	9.83
Total Assets	6.06	6.28	5.33	2.98	7.56	2.34	1.97	0.60	0.36	0.45	0.18	27.47	29.82

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	0.02	-1.16	-0.86	-0.96	-0.04	-3.81	0.33	-0.04	-0.09	0.29	0.12	-5.33
	-0.39	1.60	0.05	0.23	0.15	4.39	0.19	0.00	0.00	0.02	0.04	-19.85
	-1.08	-0.23	0.72	0.57	0.30	-0.91	-0.56	0.02	0.08	-0.31	-0.12	26.23
Net Cash Flow	-1.45	0.21	-0.09	-0.16	0.42	-0.33	-0.04	-0.02	0.00	-0.01	0.04	1.05

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	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	22.56	24.01	0.00	0.00	189.98	0.00	73.00					373.83
Inventory Days	0.00	0.00	0.00	0.00	0.48	0.00	0.00					48.33
Days Payable					197.13							185.00
Cash Conversion Cycle	22.56	24.01	0.00	0.00	-6.67	0.00	73.00					237.16
Working Capital Days	28.71	-8.40	-28,105.00	-13,140.00	-45.30	164.45	150.00					775.62
ROCE %	-18.05%	-23.35%	-32.87%	-29.45%	4.12%	-29.11%	32.66%	-130.36%	-57.58%	163.27%	-126.67%	0.61%

Shareholding Pattern

Numbers in percentages

44 Recently

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	67.69%	67.69%	67.69%	67.68%	58.88%	35.11%	35.09%	35.03%	35.03%	6.73%	6.73%	6.73%
	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%	0.00%	0.00%	0.00%	0.00%
	0.60%	0.60%	0.60%	0.60%	0.60%	0.60%	0.60%	0.60%	0.55%	0.10%	0.10%	0.10%
	31.65%	31.65%	31.65%	31.64%	40.45%	64.22%	64.23%	64.31%	64.42%	93.17%	93.17%	93.18%
No. of Shareholders	3,814	3,791	3,793	4,093	4,027	3,972	3,908	4,766	4,819	4,984	4,801	6,438

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	67.33%	67.33%	67.40%	67.69%	67.40%	67.69%	35.11%	6.73%	6.73%
	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%	0.00%	0.00%
	0.60%	0.60%	0.60%	0.60%	0.61%	0.60%	0.60%	0.10%	0.10%
	32.00%	32.00%	31.93%	31.65%	31.92%	31.65%	64.22%	93.17%	93.18%
No. of Shareholders	3,687	3,695	3,692	3,722	3,734	3,791	3,972	4,984	6,438

* 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.

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Yarn Syndicate Ltd

Yarn Syndicate Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

Annual reports