Garden Silk Mills Ltd

₹ 7.60 -4.40%

25 Jan 2021

gardenvareli.com BSE: 500155 NSE: GARDENSILK

About

Garden Silk Mills is one of Indias leading man-made fibre-based textile companies. It is a vertically integrated manufacturer of a wide range of Polyester Chips, Polyester Filament Yarns (PFY), Preparatory Yarns, Woven (Grey) Fabric as well as Dyed and Printed Sarees and Dress Materials.

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Website BSE NSE

Market Cap ₹ 32.0 Cr.
Current Price ₹ 7.60
High / Low ₹ /
Stock P/E
Book Value ₹ -147
Dividend Yield 0.00 %
ROCE -0.58 %
ROE %
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 1.96% over past five years.
Contingent liabilities of Rs.98.0 Cr.

* 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

Standalone Figures in Rs. Crores / View Consolidated

	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020
	708	843	780	918	923	778	868	811	740	732	583	127	469
	684	784	738	865	886	763	812	781	717	723	587	149	471
Operating Profit	24	59	43	52	37	16	55	30	23	9	-4	-22	-2
OPM %	3%	7%	5%	6%	4%	2%	6%	4%	3%	1%	-1%	-17%	-0%
	1	1	2	1	16	1	2	1	1	0	1	1	1
Interest	46	45	48	49	50	54	50	49	48	52	53	51	0
Depreciation	16	16	18	17	17	16	16	17	16	17	18	15	15
Profit before tax	-38	-2	-21	-12	-13	-55	-9	-36	-40	-59	-73	-87	-16
Tax %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	-38	-2	-21	-12	-13	-55	-9	-36	-40	-59	-73	-87	-16
EPS in Rs	-8.94	-0.48	-5.05	-2.94	-3.20	-12.97	-2.22	-8.50	-9.48	-14.04	-17.31	-20.62	-3.80
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	TTM
	1,332	2,515	3,400	3,506	3,697	3,039	2,611	2,348	2,435	3,033	3,488	2,877	1,911
	1,182	2,286	3,117	3,406	3,612	2,987	2,500	2,255	2,290	2,858	3,317	2,819	1,930
Operating Profit	150	229	283	101	85	52	110	93	145	175	171	58	-19
OPM %	11%	9%	8%	3%	2%	2%	4%	4%	6%	6%	5%	2%	-1%
	20	24	14	21	13	15	6	10	10	5	16	4	4
Interest	55	87	100	154	156	158	183	177	174	189	204	202	156
Depreciation	45	73	77	86	94	92	76	67	64	81	73	67	64
Profit before tax	70	93	121	-118	-151	-184	-143	-141	-83	-89	-90	-208	-235
Tax %	29%	32%	27%	-33%	-33%	-21%	0%	-0%	0%	0%	0%	0%
	50	63	88	-79	-101	-144	-143	-141	-83	-89	-90	-208	-235
EPS in Rs						-35.99	-33.92	-33.41	-19.82	-21.14	-21.33	-49.33	-55.77
Dividend Payout %	12%	11%	8%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	1%
5 Years:	2%
3 Years:	6%
TTM:	-40%

Compounded Profit Growth
10 Years:	%
5 Years:	-10%
3 Years:	%
TTM:	-68%

Stock Price CAGR
10 Years:	-16%
5 Years:	-4%
3 Years:	%
1 Year:	%

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

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020
Equity Capital	38	38	38	38	38	40	42	42	42	42	42	42
Reserves	397	452	532	453	359	218	73	-68	-164	-253	-345	-558
	904	1,028	1,298	1,322	1,329	1,355	1,172	1,123	1,304	1,502	778	1,927
	262	448	507	494	521	414	681	713	669	683	1,245	231
Total Liabilities	1,601	1,967	2,375	2,307	2,248	2,028	1,968	1,810	1,851	1,974	1,720	1,641
	850	948	993	1,322	1,264	1,242	1,191	1,148	1,094	1,030	968	909
CWIP	138	195	275	73	87	47	32	31	31	15	6	7
Investments	52	77	46	14	14	14	14	14	11	11	4	2
	561	747	1,060	898	884	726	731	617	715	917	741	723
Total Assets	1,601	1,967	2,375	2,307	2,248	2,028	1,968	1,810	1,851	1,974	1,720	1,641

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020
	167	162	69	279	175	118	382	205	-294	175	131	218
	-210	-240	-241	-126	-36	6	0	12	-4	0	0	-6
	39	40	158	-138	-144	-124	-369	-236	323	-126	-136	-164
Net Cash Flow	-3	-38	-14	15	-5	0	13	-19	25	49	-5	48

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020
Debtor Days	18	18	17	15	20	18	15	23	23	25	11	9
Inventory Days	85	72	91	64	54	48	59	62	82	69	57	46
Days Payable	35	49	45	44	52	54	59	53	56	59	33	24
Cash Conversion Cycle	68	41	63	35	22	12	15	33	49	35	35	32
Working Capital Days	90	55	62	39	30	27	40	45	-7	13	-62	33
ROCE %		12%	13%	1%	0%	-2%	3%	3%	8%	8%	13%	-1%

Shareholding Pattern

Numbers in percentages

	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020
	57.64%	57.64%	57.64%	57.64%	57.63%	57.63%	57.63%	57.63%	57.63%	57.63%	57.63%	57.63%
	0.02%	0.02%	0.02%	0.20%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
	0.11%	0.06%	0.03%	0.03%	0.03%	0.03%	0.03%	0.09%	0.03%	0.03%	0.03%	0.03%
	42.23%	42.29%	42.31%	42.13%	42.32%	42.32%	42.32%	42.26%	42.32%	42.32%	42.32%	42.32%
No. of Shareholders	54,099	53,649	53,407	53,421	53,186	52,790	52,571	52,601	52,286	52,230	52,163	51,842

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Dec 2020
	57.75%	57.64%	57.63%	57.63%	57.63%
	0.04%	0.02%	0.02%	0.02%	0.02%
	0.03%	0.11%	0.03%	0.03%	0.03%
	42.18%	42.23%	42.32%	42.32%	42.32%
No. of Shareholders	73,315	54,099	53,186	52,286	51,842

* 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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Garden Silk Mills Ltd

Garden Silk Mills Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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