Suncity Synthetics Ltd

₹ 18.6 4.78%

12 Mar 9:52 a.m.

About

Incorporated in 1988, Suncity Synthetics Ltd manufactures Polyester staple fiber and Nylon granules^[1]

Key Points

Business Overview:^[1]
Company is in the business of manufacturing nylon granules, which are used as the matrix material in composite materials for reinforcing fibers like glass or carbon fiber. Company also manufactures polyester staple fibre and nylon staple fibre (NSF), which finds applications
in technical textile products and automotive industries. SSL has 2 factories in Jodhpur, Rajasthan where one is used for manufacturing PSF and the other is used for nylon granule and fibre manufacturing

Website BSE

Market Cap ₹ 9.22 Cr.
Current Price ₹ 18.6
High / Low ₹ 48.9 / 7.22
Stock P/E
Book Value ₹ -0.47
Dividend Yield 0.00 %
ROCE -0.21 %
ROE -760 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.

Cons

Company has low interest coverage ratio.
The company has delivered a poor sales growth of -46.6% over past five years.
Debtor days have increased from 53.3 to 142 days.
Company's cost of borrowing seems high
Working capital days have increased from 153 days to 316 days

* 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 - Processing

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
	1.98	1.87	1.15	1.60	1.18	0.70	0.35	0.53	0.11	0.64	0.43	0.53	0.20
	1.91	1.80	1.36	1.48	1.23	0.40	0.38	0.43	0.10	1.06	0.49	0.70	0.36
Operating Profit	0.07	0.07	-0.21	0.12	-0.05	0.30	-0.03	0.10	0.01	-0.42	-0.06	-0.17	-0.16
OPM %	3.54%	3.74%	-18.26%	7.50%	-4.24%	42.86%	-8.57%	18.87%	9.09%	-65.62%	-13.95%	-32.08%	-80.00%
	0.10	0.55	0.00	0.03	0.01	0.34	0.00	0.00	0.00	0.86	0.00	0.02	0.27
Interest	0.12	0.14	0.07	0.06	0.07	0.06	0.06	0.05	0.05	0.05	0.02	0.00	0.00
Depreciation	0.19	0.18	0.09	0.10	0.10	0.33	0.08	0.08	0.08	-0.02	0.05	0.04	0.00
Profit before tax	-0.14	0.30	-0.37	-0.01	-0.21	0.25	-0.17	-0.03	-0.12	0.41	-0.13	-0.19	0.11
Tax %	0.00%	-36.67%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	-0.14	0.41	-0.37	-0.01	-0.22	0.26	-0.17	-0.03	-0.12	0.41	-0.13	-0.19	0.11
EPS in Rs	-0.28	0.83	-0.75	-0.02	-0.44	0.53	-0.34	-0.06	-0.24	0.83	-0.26	-0.38	0.22
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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
	8.14	37.86	44.47	33.23	37.67	37.49	45.99	14.86	4.68	7.61	4.63	2.00	1.80
	6.88	34.85	41.13	31.24	34.00	34.01	42.74	15.97	7.70	6.71	4.47	1.95	2.61
Operating Profit	1.26	3.01	3.34	1.99	3.67	3.48	3.25	-1.11	-3.02	0.90	0.16	0.05	-0.81
OPM %	15.48%	7.95%	7.51%	5.99%	9.74%	9.28%	7.07%	-7.47%	-64.53%	11.83%	3.46%	2.50%	-45.00%
	0.05	0.04	0.05	0.06	0.05	0.11	0.03	0.03	1.36	0.55	0.38	0.48	1.15
Interest	0.37	1.35	1.80	1.77	1.70	1.55	1.24	1.11	0.83	0.54	0.27	0.22	0.07
Depreciation	0.61	1.18	2.03	1.98	1.97	2.01	1.88	1.81	1.55	0.74	0.33	0.22	0.07
Profit before tax	0.33	0.52	-0.44	-1.70	0.05	0.03	0.16	-4.00	-4.04	0.17	-0.06	0.09	0.20
Tax %	48.48%	53.85%	-95.45%	-30.59%	-160.00%	200.00%	68.75%	3.00%	-3.96%	-64.71%	116.67%	-44.44%
	0.16	0.23	-0.02	-1.18	0.13	-0.03	0.05	-4.12	-3.88	0.28	-0.12	0.13	0.20
EPS in Rs	0.32	0.47	-0.04	-2.39	0.26	-0.06	0.10	-8.33	-7.85	0.57	-0.24	0.26	0.41
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:	-25%
5 Years:	-47%
3 Years:	-25%
TTM:	7%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	25%
TTM:	-100%

Stock Price CAGR
10 Years:	7%
5 Years:	31%
3 Years:	13%
1 Year:	92%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	-760%

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	4.95	4.95	4.95	4.95	4.95	4.95	4.95	4.95	4.95	4.95	4.95	4.95	4.95
Reserves	4.63	4.87	3.93	2.75	2.88	2.84	2.85	-1.27	-5.15	-4.87	-4.99	-4.86	-5.18
	9.90	13.06	14.50	15.07	14.80	14.44	11.28	12.50	9.41	5.09	4.75	4.64	0.01
	2.32	2.67	2.46	2.08	3.15	5.02	4.29	2.00	1.20	1.37	0.67	0.81	3.01
Total Liabilities	21.80	25.55	25.84	24.85	25.78	27.25	23.37	18.18	10.41	6.54	5.38	5.54	2.79
	16.35	15.81	15.64	14.14	12.71	11.24	9.77	7.95	5.80	3.32	2.99	2.53	0.50
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	0.10	0.10	0.10	0.10	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.02	0.02
	5.35	9.64	10.10	10.61	13.04	15.98	13.57	10.20	4.58	3.19	2.36	2.99	2.27
Total Assets	21.80	25.55	25.84	24.85	25.78	27.25	23.37	18.18	10.41	6.54	5.38	5.54	2.79

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
	0.07	-1.15	2.86	1.34	2.01	2.23	4.03	-0.73	2.29	2.45	0.66	-0.34
	-7.95	-0.46	-2.74	-0.19	-0.09	-0.29	-0.33	-0.01	1.95	2.51	0.03	0.48
	7.40	1.82	-0.34	-1.11	-2.03	-1.90	-3.77	0.69	-4.24	-4.85	-0.61	-0.33
Net Cash Flow	-0.48	0.21	-0.23	0.04	-0.11	0.04	-0.07	-0.04	0.00	0.11	0.08	-0.19

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	32.29	20.05	27.25	24.71	19.57	33.39	21.35	11.79	23.40	25.42	-7.88	142.35
Inventory Days	229.06	72.83	55.83	104.10	136.99	174.81	113.61	316.31	201.30	142.52	204.45	441.99
Days Payable	51.82	11.04	12.51	16.52	25.62	39.44	17.45	31.28	33.73	65.35	28.88	79.84
Cash Conversion Cycle	209.53	81.85	70.57	112.29	130.94	168.77	117.51	296.82	190.97	102.59	167.69	504.50
Working Capital Days	109.86	56.98	49.49	70.52	74.90	86.07	62.22	178.32	222.28	62.35	81.99	315.72
ROCE %	4.51%	8.83%	5.88%	0.30%	7.71%	7.18%	6.78%	-16.45%	-35.84%	2.36%	4.25%	-0.21%

Shareholding Pattern

Numbers in percentages

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
	45.46%	45.46%	45.46%	45.46%	45.46%	45.46%	45.46%	45.46%	45.46%	45.46%	45.46%	45.46%
	3.03%	3.03%	3.03%	3.03%	3.03%	3.03%	3.03%	3.03%	3.03%	3.03%	3.03%	3.03%
	3.03%	3.03%	3.02%	3.02%	3.02%	3.02%	3.02%	3.02%	3.02%	3.02%	3.23%	3.23%
	48.48%	48.48%	48.48%	48.48%	48.48%	48.48%	48.47%	48.48%	48.46%	48.48%	48.27%	48.25%
No. of Shareholders	2,308	2,295	2,317	2,359	2,340	2,328	2,714	2,934	3,215	2,964	3,177	3,238

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Dec 2024
	43.46%	43.46%	45.46%	45.46%	45.46%	45.46%	45.46%	45.46%	45.46%
	3.03%	3.03%	3.03%	3.03%	3.03%	3.03%	3.03%	3.03%	3.03%
	3.03%	3.03%	3.03%	3.03%	3.03%	3.03%	3.02%	3.02%	3.23%
	50.49%	50.49%	48.48%	48.48%	48.48%	48.48%	48.48%	48.46%	48.25%
No. of Shareholders	1,836	1,801	1,787	1,777	1,777	2,308	2,340	3,215	3,238

* 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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Suncity Synthetics Ltd

Suncity Synthetics Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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