Advance Syntex Ltd

Advance Syntex Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Advance Syntex Ltd

₹ 6.17 4.93%
18 Nov - close price
midasglitter.com BSE: 539982
About

Advance Syntex Ltd is a company engaged in the business of manufacturing and trading of Metallic yarn, lacquer coated aluminium metalized polyester film, glitter powder and allied other products.[1]

Key Points

Product Offerings
The company's product portfolio includes glitter powder, metallizing of films, coating of films (lacquer coated polyester films (LMPF), Glitter glue, export resins and other products.
It also started manufacturing biodegradable glitter powder in FY21 and is the first Indian company to manufacture the product.[1]

Website BSE
  • Market Cap ₹ 6.85 Cr.
  • Current Price ₹ 6.17
  • High / Low ₹ 9.65 / 5.42
  • Stock P/E
  • Book Value ₹ 4.88
  • Dividend Yield 0.00 %
  • ROCE -3.39 %
  • ROE -15.8 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -60.7% over past five years.
  • Company has a low return on equity of -19.0% over last 3 years.
  • Company might be capitalizing the interest cost
  • Company has high debtors of 6,743 days.
  • Working capital days have increased from 5,901 days to 16,341 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 - 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
10.29 6.29 6.82 3.88 7.06 6.39 1.82 0.29 0.25 0.15 0.06 0.00 0.00
9.87 6.23 6.63 4.25 8.18 7.40 2.23 0.61 0.64 0.50 0.06 0.05 0.03
Operating Profit 0.42 0.06 0.19 -0.37 -1.12 -1.01 -0.41 -0.32 -0.39 -0.35 0.00 -0.05 -0.03
OPM % 4.08% 0.95% 2.79% -9.54% -15.86% -15.81% -22.53% -110.34% -156.00% -233.33% 0.00%
-1.84 0.00 0.01 0.00 0.52 0.12 1.15 0.28 0.22 0.01 -5.29 -0.38 0.05
Interest 1.03 1.53 -0.61 0.21 0.07 0.01 0.06 0.00 0.05 0.00 0.00 0.01 0.00
Depreciation 0.12 0.12 0.36 0.21 0.20 0.20 0.21 0.11 0.11 0.11 0.09 0.08 0.08
Profit before tax -2.57 -1.59 0.45 -0.79 -0.87 -1.10 0.47 -0.15 -0.33 -0.45 -5.38 -0.52 -0.06
Tax % -19.07% -15.72% -64.44% -31.65% -40.23% -16.36% 42.55% -13.33% 0.00% 0.00% -0.93% 0.00% 0.00%
-2.09 -1.34 0.74 -0.53 -0.53 -0.92 0.27 -0.13 -0.32 -0.44 -5.33 -0.52 -0.07
EPS in Rs -1.88 -1.21 0.67 -0.48 -0.48 -0.83 0.24 -0.12 -0.29 -0.40 -4.80 -0.47 -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
29.63 36.15 47.22 53.21 66.63 74.37 78.74 64.18 41.57 29.12 19.16 0.74 0.21
26.83 32.90 42.20 45.88 59.46 64.64 67.91 56.91 38.77 28.80 22.08 1.80 0.64
Operating Profit 2.80 3.25 5.02 7.33 7.17 9.73 10.83 7.27 2.80 0.32 -2.92 -1.06 -0.43
OPM % 9.45% 8.99% 10.63% 13.78% 10.76% 13.08% 13.75% 11.33% 6.74% 1.10% -15.24% -143.24% -204.76%
0.13 0.07 -1.66 0.06 0.11 0.07 0.24 0.29 0.04 -1.79 1.79 -4.78 -5.61
Interest 1.35 1.74 2.76 3.92 3.96 5.12 5.99 4.01 3.96 2.78 0.35 0.05 0.01
Depreciation 0.39 0.43 0.52 2.15 1.72 2.25 2.34 1.83 1.62 0.97 0.82 0.41 0.36
Profit before tax 1.19 1.15 0.08 1.32 1.60 2.43 2.74 1.72 -2.74 -5.22 -2.30 -6.30 -6.41
Tax % 29.41% 27.83% 50.00% 53.79% 33.12% 25.93% 27.01% 27.33% 4.01% -20.31% -25.22% -1.27%
0.84 0.83 0.03 0.61 1.06 1.79 2.00 1.25 -2.86 -4.17 -1.72 -6.23 -6.36
EPS in Rs 2.55 2.08 0.07 0.91 1.16 1.97 1.80 1.13 -2.58 -3.76 -1.55 -5.61 -5.73
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: -32%
5 Years: -61%
3 Years: -74%
TTM: -98%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 14%
TTM: 69%
Stock Price CAGR
10 Years: %
5 Years: -17%
3 Years: -21%
1 Year: -10%
Return on Equity
10 Years: -1%
5 Years: -11%
3 Years: -19%
Last Year: -16%

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 2.88 3.49 3.88 5.81 9.10 9.10 11.10 11.10 11.10 11.10 11.10 11.10 11.10
Reserves 1.69 2.86 3.39 2.07 2.11 8.53 8.66 9.87 6.99 2.84 1.13 -5.10 -5.69
13.35 13.12 18.44 23.28 25.26 31.20 32.25 31.45 35.94 42.28 35.21 32.74 29.85
5.79 9.27 9.40 11.86 13.69 15.93 18.08 14.18 12.28 4.84 2.72 2.60 2.57
Total Liabilities 23.71 28.74 35.11 43.02 50.16 64.76 70.09 66.60 66.31 61.06 50.16 41.34 37.83
7.67 8.35 9.27 8.26 9.12 11.87 12.41 11.35 9.92 6.29 3.22 2.68 2.51
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 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00
16.04 20.39 25.84 34.76 41.04 52.89 57.68 55.25 56.38 54.77 46.94 38.66 35.32
Total Assets 23.71 28.74 35.11 43.02 50.16 64.76 70.09 66.60 66.31 61.06 50.16 41.34 37.83

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
-0.50 2.83 0.90 0.15 2.51 4.38 2.04 5.27 -0.50 -5.25 2.30 7.09
-0.39 -1.06 -3.28 -0.92 -2.45 -4.87 -2.33 -0.49 -0.09 0.88 3.04 0.11
0.90 -1.14 2.89 0.92 0.54 5.52 -4.73 -4.80 0.53 3.55 -6.40 65.59
Net Cash Flow 0.00 0.63 0.51 0.15 0.59 5.04 -5.03 -0.03 -0.06 -0.82 -1.06 72.80

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 50.63 83.60 99.17 108.11 101.34 118.97 134.29 138.65 208.27 282.65 386.72 6,742.64
Inventory Days 178.81 138.48 91.00 148.14 145.84 111.78 128.27 180.97 294.88 397.41 473.30 5,345.17
Days Payable 68.67 99.72 78.86 103.39 101.01 90.78 95.08 92.51 108.97 64.22 40.71 235.17
Cash Conversion Cycle 160.77 122.36 111.31 152.86 146.18 139.97 167.49 227.11 394.17 615.83 819.30 11,852.64
Working Capital Days 133.90 113.08 118.88 148.10 137.77 147.19 169.43 212.58 354.81 577.33 783.53 16,341.15
ROCE % 15.49% 15.46% 20.67% 19.03% 16.68% 17.89% 17.45% 11.13% 2.44% -1.07% -7.20% -3.39%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
59.76% 59.76% 59.76% 59.76% 59.76% 59.76% 59.76% 59.76% 59.76% 59.76% 59.76% 59.76%
40.24% 40.24% 40.24% 40.24% 40.24% 40.23% 40.23% 40.23% 40.24% 40.23% 40.23% 40.23%
No. of Shareholders 4515866457358188669059519711,1741,2951,313

Documents

Announcements

Annual reports

DRHP