Advance Syntex Ltd
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]
- Market Cap ₹ 7.32 Cr.
- Current Price ₹ 6.60
- High / Low ₹ 9.65 / 4.23
- Stock P/E
- Book Value ₹ 5.41
- Dividend Yield 0.00 %
- ROCE -3.39 %
- ROE -16.5 %
- Face Value ₹ 10.0
Pros
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -60.6% over past five years.
- Company has a low return on equity of -19.2% over last 3 years.
- Company might be capitalizing the interest cost
- Company has high debtors of 6,653 days.
- Working capital days have increased from 5,828 days to 16,123 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
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
29.63 | 36.15 | 47.22 | 53.21 | 66.63 | 74.37 | 78.74 | 64.18 | 41.57 | 29.12 | 19.16 | 0.75 | 0.46 | |
26.83 | 32.90 | 42.20 | 45.88 | 59.46 | 64.64 | 67.91 | 56.91 | 38.77 | 28.80 | 22.08 | 1.80 | 1.25 | |
Operating Profit | 2.80 | 3.25 | 5.02 | 7.33 | 7.17 | 9.73 | 10.83 | 7.27 | 2.80 | 0.32 | -2.92 | -1.05 | -0.79 |
OPM % | 9.45% | 8.99% | 10.63% | 13.78% | 10.76% | 13.08% | 13.75% | 11.33% | 6.74% | 1.10% | -15.24% | -140.00% | -171.74% |
0.13 | 0.07 | -1.66 | 0.06 | 0.11 | 0.07 | 0.24 | 0.29 | 0.04 | -1.79 | 1.79 | -4.79 | -5.44 | |
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 | 0.06 |
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 | 0.39 |
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 | -6.68 |
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 | -6.61 | |
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 | -5.96 |
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: | -97% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 13% |
TTM: | 61% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | -17% |
3 Years: | -19% |
1 Year: | 48% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
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 |
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 |
13.35 | 13.12 | 18.44 | 23.28 | 25.26 | 31.20 | 32.25 | 31.45 | 35.94 | 42.28 | 35.21 | 32.75 | |
5.79 | 9.27 | 9.40 | 11.86 | 13.69 | 15.93 | 18.08 | 14.18 | 12.28 | 4.84 | 2.72 | 2.58 | |
Total Liabilities | 23.71 | 28.74 | 35.11 | 43.02 | 50.16 | 64.76 | 70.09 | 66.60 | 66.31 | 61.06 | 50.16 | 41.33 |
7.67 | 8.35 | 9.27 | 8.26 | 9.12 | 11.87 | 12.41 | 11.35 | 9.92 | 6.29 | 3.22 | 2.68 | |
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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 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 | 38.65 | |
Total Assets | 23.71 | 28.74 | 35.11 | 43.02 | 50.16 | 64.76 | 70.09 | 66.60 | 66.31 | 61.06 | 50.16 | 41.33 |
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 | -7.29 | |
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 | -0.08 |
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 | 6,652.73 |
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 | 11,762.73 |
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 | 16,123.27 |
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% |
Documents
Announcements
- Board Meeting Intimation for Fixing Date, Time And Venue Of 33Rd AGM Of The Company 20 Aug
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
3 Aug - Publication of Unaudited Results of the company for the Quarter ended June 2024
- Unaudited Results For The Quarter Ended June 2024 31 Jul
- Board Meeting Outcome for Outcome Of The Meeting Held On 31St July 2024 31 Jul
- Board Meeting Intimation for Un Audited Financial Result For The First Quarter Ended 30Th June 2024 23 Jul
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]