Shine Fashions (India) Ltd

Shine Fashions (India) Ltd

₹ 350 2.00%
21 Nov 4:00 p.m.
About

Incorporated in 2019, Shine Fashions Ltd is in the business of import and trading of various types of fabrics and textile raw materials[1]

Key Points

Business Overview:[1][2]
Company does importing, supplying and trading of non-interlinking fabrics, woven fusible interlinings, microdot fusible interlinings. Company took over the business of proprietorship firm AM Fabrics on 30th September, 2019

  • Market Cap 97.9 Cr.
  • Current Price 350
  • High / Low 428 / 0.00
  • Stock P/E 17.5
  • Book Value 58.3
  • Dividend Yield 0.00 %
  • ROCE 54.0 %
  • ROE 47.5 %
  • Face Value 5.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 26.9%
  • Debtor days have improved from 157 to 118 days.
  • Company's working capital requirements have reduced from 127 days to 74.1 days

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend

* 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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Half Yearly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023 Mar 2024 Sep 2024
1.93 4.95 5.88 6.87 8.76 12.31 20.28 33.85 34.25
1.73 4.91 5.30 6.94 8.74 11.05 18.21 30.67 29.84
Operating Profit 0.20 0.04 0.58 -0.07 0.02 1.26 2.07 3.18 4.41
OPM % 10.36% 0.81% 9.86% -1.02% 0.23% 10.24% 10.21% 9.39% 12.88%
0.00 0.05 0.02 0.10 0.11 0.02 0.02 0.05 0.01
Interest 0.00 0.02 0.03 0.04 0.04 0.04 0.02 0.01 0.01
Depreciation 0.00 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01
Profit before tax 0.20 0.06 0.56 -0.02 0.08 1.23 2.06 3.21 4.40
Tax % -5.00% 66.67% 26.79% -50.00% 25.00% 25.20% 25.24% 24.92% 25.23%
0.21 0.02 0.42 -0.01 0.06 0.91 1.55 2.39 3.29
EPS in Rs 1.05 0.07 1.54 -0.11 0.14 3.00 5.43 8.54 11.47
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
6.88 12.75 21.07 54.13 68.10
6.64 12.24 19.80 48.85 60.51
Operating Profit 0.24 0.51 1.27 5.28 7.59
OPM % 3.49% 4.00% 6.03% 9.75% 11.15%
0.05 0.12 0.13 0.06 0.06
Interest 0.02 0.07 0.07 0.05 0.02
Depreciation 0.01 0.01 0.02 0.02 0.02
Profit before tax 0.26 0.55 1.31 5.27 7.61
Tax % 11.54% 25.45% 25.19% 25.24%
0.23 0.41 0.97 3.94 5.68
EPS in Rs 0.82 1.43 3.15 13.97 20.01
Dividend Payout % 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 99%
TTM: 109%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 157%
TTM: 137%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 62%
1 Year: 202%
Return on Equity
10 Years: %
5 Years: %
3 Years: 27%
Last Year: 47%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 1.40 1.40 1.40 1.40 1.40
Reserves 3.60 4.00 4.88 8.79 14.90
0.71 0.71 2.03 0.98 0.42
0.41 1.29 4.16 14.40 29.01
Total Liabilities 6.12 7.40 12.47 25.57 45.73
0.04 0.19 0.18 0.20 0.20
CWIP 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00
6.08 7.21 12.29 25.37 45.53
Total Assets 6.12 7.40 12.47 25.57 45.73

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024
-2.24 0.27 -1.19 1.08
0.00 -0.17 -0.02 -0.03
2.24 -0.06 1.24 -1.08
Net Cash Flow 0.00 0.05 0.04 -0.03

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 279.06 172.62 178.78 118.41
Inventory Days 21.57 13.30 25.08 53.32
Days Payable 15.16 32.29 73.24 100.19
Cash Conversion Cycle 285.47 153.63 130.62 71.54
Working Capital Days 297.62 166.33 139.97 74.11
ROCE % 10.48% 19.00% 53.98%

Shareholding Pattern

Numbers in percentages

Mar 2021Sep 2021Dec 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024
71.47% 71.47% 71.47% 71.47% 71.47% 71.47% 71.47% 71.47% 71.47%
28.53% 28.53% 28.53% 28.53% 28.54% 28.54% 28.53% 28.53% 28.54%
No. of Shareholders 7269698090959185162

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