Vera Synthetic Ltd
Incorporated in 2000, Vera Synthetic Ltd manufactures fishing nets ropes, twines yarns, and mainly high density plastic products[1]
- Market Cap ₹ 30.8 Cr.
- Current Price ₹ 62.5
- High / Low ₹ 62.5 / 46.8
- Stock P/E 17.1
- Book Value ₹ 38.3
- Dividend Yield 0.00 %
- ROCE 12.5 %
- ROE 9.40 %
- Face Value ₹ 10.0
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 3.15% over past five years.
- Company has a low return on equity of 10.4% over last 3 years.
* 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 - Manmade
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2012 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
20.23 | 19.58 | 24.32 | 21.89 | 18.13 | 22.15 | 33.73 | 32.29 | 27.76 | 34.98 | 40.71 | 39.38 | |
19.14 | 18.67 | 23.37 | 21.02 | 17.17 | 19.86 | 31.03 | 29.22 | 25.43 | 31.93 | 37.78 | 35.74 | |
Operating Profit | 1.09 | 0.91 | 0.95 | 0.87 | 0.96 | 2.29 | 2.70 | 3.07 | 2.33 | 3.05 | 2.93 | 3.64 |
OPM % | 5.39% | 4.65% | 3.91% | 3.97% | 5.30% | 10.34% | 8.00% | 9.51% | 8.39% | 8.72% | 7.20% | 9.24% |
0.00 | 0.18 | 0.18 | 0.06 | 0.02 | 0.10 | 0.17 | 0.17 | 1.05 | 0.26 | 0.17 | 0.07 | |
Interest | 0.40 | 0.33 | 0.35 | 0.13 | 0.10 | 0.37 | 0.25 | 0.19 | 0.16 | 0.16 | 0.16 | 0.08 |
Depreciation | 0.45 | 0.28 | 0.38 | 0.40 | 0.26 | 0.48 | 0.65 | 0.67 | 0.61 | 0.51 | 0.49 | 1.18 |
Profit before tax | 0.24 | 0.48 | 0.40 | 0.40 | 0.62 | 1.54 | 1.97 | 2.38 | 2.61 | 2.64 | 2.45 | 2.45 |
Tax % | 29.17% | 31.25% | 90.00% | 32.50% | 32.26% | 31.17% | 28.93% | 21.85% | 28.74% | 25.76% | 25.71% | 27.35% |
0.16 | 0.33 | 0.05 | 0.27 | 0.43 | 1.06 | 1.40 | 1.85 | 1.86 | 1.97 | 1.82 | 1.80 | |
EPS in Rs | 0.89 | 1.83 | 0.28 | 1.50 | 2.39 | 2.94 | 2.84 | 3.75 | 3.77 | 3.99 | 3.69 | 3.65 |
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: | 7% |
5 Years: | 3% |
3 Years: | 12% |
TTM: | -3% |
Compounded Profit Growth | |
---|---|
10 Years: | 18% |
5 Years: | 5% |
3 Years: | 1% |
TTM: | -1% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | -6% |
3 Years: | 27% |
1 Year: | 15% |
Return on Equity | |
---|---|
10 Years: | 12% |
5 Years: | 11% |
3 Years: | 10% |
Last Year: | 9% |
Balance Sheet
Figures in Rs. Crores
Mar 2012 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 1.80 | 1.80 | 1.80 | 1.80 | 1.80 | 3.60 | 4.94 | 4.94 | 4.94 | 4.94 | 4.94 | 4.94 |
Reserves | 0.66 | 1.61 | 2.40 | 2.67 | 2.33 | 1.58 | 6.70 | 8.55 | 10.41 | 12.38 | 14.20 | 13.95 |
3.40 | 3.31 | 1.27 | 0.81 | 0.85 | 5.01 | 1.76 | 1.40 | 1.82 | 1.68 | 1.13 | 2.27 | |
2.52 | 1.79 | 1.59 | 2.04 | 2.89 | 5.12 | 2.29 | 3.37 | 3.44 | 4.52 | 2.92 | 5.37 | |
Total Liabilities | 8.38 | 8.51 | 7.06 | 7.32 | 7.87 | 15.31 | 15.69 | 18.26 | 20.61 | 23.52 | 23.19 | 26.53 |
1.97 | 2.01 | 2.41 | 2.40 | 1.06 | 3.45 | 3.97 | 4.01 | 4.47 | 3.05 | 6.08 | 6.74 | |
CWIP | 0.00 | 0.37 | 0.37 | 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 | 0.00 | 0.00 | 0.00 | 0.00 |
6.41 | 6.13 | 4.28 | 4.92 | 6.81 | 11.86 | 11.72 | 14.25 | 16.14 | 20.47 | 17.11 | 19.79 | |
Total Assets | 8.38 | 8.51 | 7.06 | 7.32 | 7.87 | 15.31 | 15.69 | 18.26 | 20.61 | 23.52 | 23.19 | 26.53 |
Cash Flows
Figures in Rs. Crores
Mar 2012 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
0.00 | 2.60 | -0.63 | -1.42 | 1.47 | 1.23 | -1.33 | 4.04 | 5.71 | ||||
0.00 | -2.66 | -2.85 | -1.14 | -0.66 | -0.92 | 0.93 | -3.51 | -1.64 | ||||
0.00 | -0.06 | 3.57 | 4.36 | -0.65 | 0.14 | -0.37 | -0.73 | -0.64 | ||||
Net Cash Flow | 0.00 | -0.12 | 0.09 | 1.80 | 0.16 | 0.45 | -0.77 | -0.20 | 3.44 |
Ratios
Figures in Rs. Crores
Mar 2012 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 65.13 | 54.81 | 46.83 | 45.69 | 36.04 | 136.28 | 82.67 | 92.01 | 83.36 | 89.01 | 82.13 | |
Inventory Days | 50.65 | 13.18 | 21.15 | 31.97 | 38.30 | 5.46 | 28.52 | 51.60 | 30.23 | 38.86 | ||
Days Payable | 11.54 | 10.23 | 16.10 | 7.05 | 81.62 | 16.38 | 23.50 | 33.41 | 37.57 | 14.65 | ||
Cash Conversion Cycle | 65.13 | 93.91 | 49.77 | 50.74 | 60.97 | 92.96 | 71.76 | 97.02 | 101.55 | 81.67 | 106.34 | |
Working Capital Days | 64.41 | 78.67 | 39.77 | 36.52 | 21.34 | 92.44 | 70.01 | 86.02 | 124.65 | 140.76 | 107.05 | |
ROCE % | 11.02% | 12.31% | 9.86% | 14.04% | 25.18% | 18.82% | 17.96% | 16.47% | 15.48% | 13.29% |
Documents
Announcements
-
Reply to Clarification- Financial results
20 June 2024 - Exchange had sought clarification from Vera Synthetic Limited for the quarter ended 31-Mar-2024 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. On …
-
Clarification - Financial Results
18 June 2024 - Exchange has sought clarification from Vera Synthetic Limited for the quarter ended 31-Mar-2024 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. On …
-
Declaration for audit reports with unmodified opinion(s)
30 May 2024 - Vera Synthetic Limited has informed about Declaration for audit reports with unmodified opinion(s)
-
Related Party Transactions
29 May 2024 - Vera Synthetic Limited has informed about related Party Transactions
-
Outcome of Board Meeting
29 May 2024 - Vera Synthetic Limited has informed regarding Outcome of Board Meeting held on May 29, 2024.
Business Overview:[1]
Company manufactures and trades all types of yarn, fibres, fabrics, cotton, synthetics, wool, flax, hemp, jute, poly propylene, synthetic fibre, nylon, polyester weather textile, netted or looped and also fibrous or textile substances. It mainly manufactures Fishing Nets, Fishing Yarns and Fishing Ropes under trade name of Sujlon