Patspin India Ltd
Incorporated in 1991, Patspin India Ltd manufactures and exports of cotton yarn in medium, fine and superfine combed yarns
- Market Cap ₹ 43.1 Cr.
- Current Price ₹ 13.9
- High / Low ₹ 18.6 / 10.2
- Stock P/E
- Book Value ₹ -7.72
- Dividend Yield 0.00 %
- ROCE -2.10 %
- ROE %
- Face Value ₹ 10.0
Pros
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -39.7% over past five years.
- Promoters have pledged 36.3% of their holding.
- Earnings include an other income of Rs.7.88 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 - Cotton/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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
461.97 | 609.61 | 554.42 | 496.30 | 531.54 | 522.84 | 548.51 | 393.05 | 148.10 | 143.32 | 74.87 | 43.84 | |
436.68 | 551.05 | 520.53 | 447.79 | 477.55 | 492.29 | 514.50 | 393.93 | 152.30 | 123.96 | 82.95 | 47.69 | |
Operating Profit | 25.29 | 58.56 | 33.89 | 48.51 | 53.99 | 30.55 | 34.01 | -0.88 | -4.20 | 19.36 | -8.08 | -3.85 |
OPM % | 5.47% | 9.61% | 6.11% | 9.77% | 10.16% | 5.84% | 6.20% | -0.22% | -2.84% | 13.51% | -10.79% | -8.78% |
0.83 | 0.64 | 1.15 | 1.02 | 5.79 | 10.29 | 2.50 | 2.39 | 0.37 | 0.24 | 7.60 | 7.88 | |
Interest | 29.04 | 34.64 | 30.83 | 36.77 | 34.76 | 33.08 | 29.23 | 27.33 | 23.92 | 22.84 | 10.52 | 7.54 |
Depreciation | 20.32 | 18.99 | 12.43 | 12.19 | 11.89 | 10.44 | 10.33 | 10.35 | 10.21 | 10.14 | 7.15 | 3.14 |
Profit before tax | -23.24 | 5.57 | -8.22 | 0.57 | 13.13 | -2.68 | -3.05 | -36.17 | -37.96 | -13.38 | -18.15 | -6.65 |
Tax % | 31.93% | 23.70% | 21.29% | -36.84% | 23.76% | -61.94% | 22.62% | 33.59% | 0.00% | 0.00% | 0.00% | 0.00% |
-15.82 | 4.25 | -6.48 | 0.78 | 10.01 | -4.35 | -2.36 | -24.02 | -37.96 | -13.38 | -18.15 | -6.65 | |
EPS in Rs | -5.12 | 1.37 | -2.10 | 0.25 | 3.24 | -1.41 | -0.76 | -7.77 | -12.28 | -4.33 | -5.87 | -2.15 |
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: | -23% |
5 Years: | -40% |
3 Years: | -33% |
TTM: | -41% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 21% |
TTM: | 65% |
Stock Price CAGR | |
---|---|
10 Years: | 4% |
5 Years: | 12% |
3 Years: | 23% |
1 Year: | 19% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
Last Year: | % |
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 | 30.92 | 30.92 | 30.92 | 30.92 | 30.92 | 30.92 | 30.92 | 30.92 | 30.92 | 30.92 | 30.92 | 30.92 |
Reserves | -23.03 | -20.12 | -26.73 | -25.95 | 35.87 | 30.74 | 27.34 | 2.65 | -37.39 | -49.01 | -68.71 | -54.78 |
Preference Capital | 17.81 | 20.51 | 20.51 | 20.51 | 0.00 | 13.26 | 14.22 | 15.98 | 17.95 | 18.45 | 20.51 | |
301.72 | 301.50 | 259.06 | 228.79 | 246.85 | 193.64 | 166.61 | 132.36 | 146.01 | 144.94 | 76.68 | 73.35 | |
76.54 | 79.40 | 84.71 | 88.40 | 68.08 | 102.60 | 123.15 | 104.49 | 88.31 | 79.52 | 58.81 | 38.91 | |
Total Liabilities | 386.15 | 391.70 | 347.96 | 322.16 | 381.72 | 357.90 | 348.02 | 270.42 | 227.85 | 206.37 | 97.70 | 88.40 |
207.52 | 195.95 | 191.01 | 184.85 | 227.35 | 211.95 | 200.16 | 190.41 | 177.62 | 167.48 | 68.59 | 64.56 | |
CWIP | 5.25 | 0.00 | 4.30 | 0.10 | 0.11 | 0.23 | 0.08 | 0.05 | 0.05 | 0.05 | 0.05 | 0.00 |
Investments | 0.31 | 1.85 | 3.70 | 1.57 | 0.58 | 0.71 | 0.18 | 0.18 | 0.17 | 0.09 | 0.00 | 0.00 |
173.07 | 193.90 | 148.95 | 135.64 | 153.68 | 145.01 | 147.60 | 79.78 | 50.01 | 38.75 | 29.06 | 23.84 | |
Total Assets | 386.15 | 391.70 | 347.96 | 322.16 | 381.72 | 357.90 | 348.02 | 270.42 | 227.85 | 206.37 | 97.70 | 88.40 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
31.07 | 35.34 | 75.16 | 65.21 | 47.13 | 47.73 | 37.55 | 51.18 | -0.99 | -0.92 | 6.19 | 7.29 | |
-11.49 | -2.11 | -11.75 | 0.46 | 11.59 | 7.19 | 2.80 | 2.18 | 0.67 | -0.18 | 91.78 | 3.28 | |
-21.21 | -30.32 | -67.42 | -62.37 | -59.32 | -57.48 | -38.74 | -54.94 | 1.14 | -0.61 | -97.22 | -11.22 | |
Net Cash Flow | -1.63 | 2.91 | -4.01 | 3.30 | -0.59 | -2.56 | 1.61 | -1.58 | 0.81 | -1.71 | 0.75 | -0.65 |
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 | 37.02 | 18.79 | 12.88 | 10.98 | 29.03 | 30.43 | 38.54 | 22.77 | 26.12 | 20.93 | 9.02 | 0.50 |
Inventory Days | 83.32 | 92.84 | 70.55 | 81.96 | 85.79 | 75.24 | 61.60 | 32.81 | 66.37 | 79.17 | 49.75 | 4.81 |
Days Payable | 46.65 | 39.83 | 50.27 | 62.90 | 56.62 | 79.63 | 95.19 | 100.33 | 198.41 | 227.79 | 281.20 | 989.77 |
Cash Conversion Cycle | 73.68 | 71.79 | 33.16 | 30.03 | 58.20 | 26.04 | 4.95 | -44.76 | -105.91 | -127.69 | -222.43 | -984.46 |
Working Capital Days | 47.84 | 45.07 | 15.73 | 2.48 | 42.31 | 30.09 | 18.24 | -24.01 | -86.75 | -93.21 | -133.77 | -225.29 |
ROCE % | 1.79% | 12.30% | 7.34% | 13.96% | 15.17% | 7.19% | 10.32% | -4.21% | -8.27% | 6.25% | -14.58% |
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
1d - Certificate under Reg 74 (5) of SEBI (DP) Regulations 2018 for quarter ended 30 June 2024
- Closure of Trading Window 26 Jun
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 7 Jun
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
22 May - Secretarial Compliance report under Reg 24A of SEBI (LODR) Regulations 2015 for year ended 31 March 2024
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
22 May - Copy of Newspaper Publications of Extract of Statement of Audited Standalone Financial Results for quarter and year ended 31 March 2024
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Financial Year 2010
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Business Overview:[1]
Company is part of Kerala based GTN group which deals in spinning yarn, knitting, processing and garmenting. Primary business activity of PIL is production and sale of cotton yarn (counts ranging from 20s to 100s). In addition to this, PIL is also engaged in valueadding activities like TFO (Two-For-One) twisting and gassing of textile yarn