Flexituff Ventures International Ltd

Flexituff Vent. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Flexituff Ventures International Ltd

₹ 59.0 -1.67%
22 Nov - close price
flexituff.com BSE: 533638 NSE: FLEXITUFF
About

Incorporated in 1966, Flexituff Ventures International Ltd is in the business of technical textile[1]

Key Points

Business Overview:[1]
Company manufactures Flexible Intermediate Bulk Container (FIBC), reverse printed BiaxiallyOriented Polypropylene (BOPP) woven bags, Leno Bags (small packaging bags, primarily for domestic markets), geotextile fabrics and ground cover (used for prevention of landslides, control of soil erosion and riverbank protection) and polymer compounds (used for wires and cables) and drippers. Main product
of the company is FIBC, which is used in bulk packaging and transportation requirement
for multiple industries like cement, chemical, pharmaceutical, food processing consumer goods, sugar and meat products

Website BSE NSE - BE
  • Market Cap ₹ 194 Cr.
  • Current Price ₹ 59.0
  • High / Low ₹ 96.6 / 28.1
  • Stock P/E
  • Book Value ₹ 12.3
  • Dividend Yield 0.00 %
  • ROCE -28.4 %
  • ROE %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 4.79 times its book value
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -1.55%
  • The company has delivered a poor sales growth of -13.6% over past five years.
  • Promoter holding is low: 32.2%
  • Contingent liabilities of Rs.78.6 Cr.
  • Promoters have pledged 42.1% of their holding.
  • Earnings include an other income of Rs.547 Cr.
  • Company's cost of borrowing seems high

* 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: Packaging Industry: Packaging

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
260 274 242 246 259 225 184 161 177 147 113 80 85
252 264 246 230 264 256 204 184 191 178 164 157 77
Operating Profit 9 11 -4 16 -4 -31 -20 -23 -14 -30 -50 -77 8
OPM % 3% 4% -2% 7% -2% -14% -11% -14% -8% -21% -45% -96% 9%
5 2 8 4 3 4 2 1 1 2 1 544 0
Interest 17 15 18 18 17 18 17 18 21 22 24 5 38
Depreciation 18 18 16 18 17 17 16 15 15 14 14 12 10
Profit before tax -21 -20 -30 -15 -36 -62 -52 -54 -49 -65 -87 449 -39
Tax % -7% -29% -2% -22% -1% -6% -61% -29% -44% -17% -27% 38% -69%
-20 -14 -29 -12 -36 -58 -20 -38 -28 -54 -64 277 -12
EPS in Rs -7.85 -5.72 -11.74 -4.56 -14.42 -20.32 -8.14 -14.23 -10.24 -17.64 -20.69 90.14 -3.62
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
970 1,085 1,177 1,313 1,457 1,261 1,245 885 847 1,042 915 599 425
848 973 1,062 1,170 1,280 1,106 1,116 953 853 1,026 954 716 576
Operating Profit 122 111 115 143 177 155 130 -68 -6 16 -39 -117 -150
OPM % 13% 10% 10% 11% 12% 12% 10% -8% -1% 2% -4% -20% -35%
4 -1 12 19 8 31 20 15 69 14 13 5 547
Interest 66 58 69 93 110 112 109 74 73 67 70 85 89
Depreciation 24 27 46 66 70 76 70 75 73 69 68 59 50
Profit before tax 35 26 11 3 5 -1 -30 -201 -82 -106 -165 -256 258
Tax % 27% 29% -64% -87% 16% 208% -19% -16% -27% -18% -23% -28%
25 18 19 5 4 -4 -24 -169 -60 -87 -126 -184 147
EPS in Rs 11.27 7.35 7.56 1.94 1.81 -1.44 -9.42 -67.73 -23.81 -34.90 -44.52 -59.75 48.19
Dividend Payout % 9% 14% 13% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -6%
5 Years: -14%
3 Years: -11%
TTM: -43%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -23%
TTM: 37%
Stock Price CAGR
10 Years: -12%
5 Years: 74%
3 Years: 49%
1 Year: 34%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 23 25 25 25 25 25 25 25 25 25 27 31 33
Reserves 285 339 354 358 366 362 339 171 112 25 -92 -67 8
413 528 621 651 784 728 726 717 622 624 653 672 276
300 275 312 330 311 326 325 247 321 323 305 547 159
Total Liabilities 1,021 1,168 1,312 1,364 1,487 1,440 1,415 1,159 1,080 998 893 1,184 476
444 503 693 698 684 641 607 568 495 432 394 346 242
CWIP 34 100 4 12 0 0 0 0 0 0 0 0 0
Investments 1 1 0 0 0 0 0 0 0 0 0 0 0
542 564 614 653 803 799 809 592 585 565 498 838 234
Total Assets 1,021 1,168 1,312 1,364 1,487 1,440 1,415 1,159 1,080 998 893 1,184 476

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
66 65 112 142 23 189 133 95 82 76 39 13
-99 -165 -117 -53 -31 -33 -32 -22 2 -2 -1 -4
37 102 5 -79 3 -163 -105 -71 -85 -71 -42 142
Net Cash Flow 4 2 1 10 -5 -8 -4 2 -1 3 -4 151

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 94 93 93 103 109 109 116 98 97 81 69 64
Inventory Days 82 64 68 70 95 137 93 110 129 78 64 98
Days Payable 116 89 93 105 107 147 152 135 203 144 131 180
Cash Conversion Cycle 61 68 67 68 98 98 57 73 23 14 2 -18
Working Capital Days 67 84 80 72 102 59 77 -30 76 51 24 -164
ROCE % 16% 12% 9% 9% 10% 10% 7% -13% -8% -5% -15% -28%

Shareholding Pattern

Numbers in percentages

1 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
32.88% 32.88% 32.88% 32.88% 32.88% 34.90% 34.90% 34.90% 33.79% 33.79% 33.79% 32.24%
0.93% 0.93% 0.93% 0.93% 0.93% 0.86% 0.86% 0.86% 0.75% 0.75% 0.75% 0.70%
6.13% 6.13% 6.13% 6.13% 6.13% 5.67% 5.67% 5.67% 4.97% 3.42% 2.75% 2.26%
60.06% 60.06% 60.06% 60.06% 60.06% 58.57% 58.58% 58.58% 60.49% 62.04% 62.71% 64.80%
No. of Shareholders 4,4284,7604,7274,8154,6794,4554,3724,5404,3734,6594,7174,688

* 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.

Click on the line-items to see the names of individual entities.

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