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Last Updated on: 31 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo
Stock Ticker - BSE: 503722 | NSE: BANSWRAS

Banswara Syntex Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 31, 2024, 8:54 am

Market Cap 492 Cr.
Current Price 144
High / Low 183/126
Stock P/E21.4
Book Value 157
Dividend Yield0.70 %
ROCE8.66 %
ROE6.69 %
Face Value 5.00
PEG Ratio1.55

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Banswara Syntex Ltd

Competitors of Banswara Syntex Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Deepak Spinners Ltd 144 Cr. 201 320/175 3140.25 %1.93 %0.45 % 10.0
APM Industries Ltd 117 Cr. 54.2 92.0/45.0117 78.20.92 %3.27 %2.48 % 2.00
Aditya Spinners Ltd 44.8 Cr. 26.7 31.0/17.4140 28.50.00 %5.17 %3.81 % 10.0
Adinath Textiles Ltd 18.8 Cr. 27.5 35.5/23.038.3 4.490.00 %25.7 %18.1 % 10.0
Sangam (India) Ltd 2,058 Cr. 410 630/31848.9 2220.49 %6.81 %4.64 % 10.0
Industry Average794.00 Cr126.5868.13127.680.26%7.19%9.92%8.00

All Competitor Stocks of Banswara Syntex Ltd

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales212.24306.96303.19367.38355.48406.48367.85368.97302.67315.90302.28343.36271.05
Expenses194.24277.43274.48324.62311.66356.55314.16318.28275.85288.09276.30321.30253.99
Operating Profit18.0029.5328.7142.7643.8249.9353.6950.6926.8227.8125.9822.0617.06
OPM %8.48%9.62%9.47%11.64%12.33%12.28%14.60%13.74%8.86%8.80%8.59%6.42%6.29%
Other Income1.426.785.805.673.021.524.915.143.412.233.568.723.69
Interest5.965.886.406.557.587.808.677.706.747.617.367.928.10
Depreciation10.8810.7810.309.909.8610.4510.2310.2310.5410.7110.8311.2711.30
Profit before tax2.5819.6517.8131.9829.4033.2039.7037.9012.9511.7211.3511.591.35
Tax %-27.91%40.25%31.27%39.21%35.27%-5.81%25.84%26.62%25.71%25.34%24.67%28.21%28.15%
Net Profit3.3011.7412.2419.4519.0235.1329.4427.829.628.768.558.330.98
EPS in Rs0.963.433.585.695.5610.268.608.132.812.562.502.430.29

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales1,0941,2091,2231,2621,2401,2921,3511,2907871,1901,4991,2641,233
Expenses9461,0311,0851,1011,1071,1811,2311,1457111,0711,3011,1621,140
Operating Profit1481781381611341111201447611919810393
OPM %13%15%11%13%11%9%9%11%10%10%13%8%8%
Other Income841711121711132020151818
Interest82818170635956493325323031
Depreciation52525958585855514642414344
Profit before tax214814442511205816721404836
Tax %43%45%44%38%25%27%-24%7%15%35%21%26%
Net Profit1227827198245314471113527
EPS in Rs4.098.562.448.025.552.327.0615.614.0713.6732.5510.307.78
Dividend Payout %18%17%20%12%9%22%7%5%18%9%9%10%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)125.00%-70.37%237.50%-29.63%-57.89%200.00%120.83%-73.58%235.71%136.17%-68.47%
Change in YoY Net Profit Growth (%)0.00%-195.37%307.87%-267.13%-28.27%257.89%-79.17%-194.42%309.30%-99.54%-204.64%

Banswara Syntex Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:0%
5 Years:-1%
3 Years:17%
TTM:-7%
Compounded Profit Growth
10 Years:3%
5 Years:6%
3 Years:45%
TTM:-70%
Stock Price CAGR
10 Years:14%
5 Years:20%
3 Years:8%
1 Year:-3%
Return on Equity
10 Years:10%
5 Years:13%
3 Years:14%
Last Year:7%

Last Updated: Unknown

Balance Sheet

Last Updated: December 14, 2024, 3:55 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital15161617171717171717171717
Reserves172197207232245252277325340383492518521
Borrowings680698632562561538474321227262373355457
Other Liabilities201195221230237265218190162222186181213
Total Liabilities1,0681,1061,0761,0411,0601,0739868537468841,0681,0701,208
Fixed Assets515514501473486460418374338314370424474
CWIP891086501129222020
Investments914181944443561011
Other Assets536569547541564604565474405536671617704
Total Assets1,0681,1061,0761,0411,0601,0739868537468841,0681,0701,208

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +1511341791741401061372051325420145
Cash from Investing Activity +-55-58-48-28-61-25-10-4-3-48-100-93
Cash from Financing Activity +-92-61-148-140-82-85-123-206-126575-58
Net Cash Flow416-176-2-44-5411-4-7

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-532.00-520.00-494.00-401.00-427.00-427.00-354.00-177.00-151.00-143.00-175.00-252.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days514741474752444053395260
Inventory Days197192195173204181169155207213195190
Days Payable87678276901017868107825556
Cash Conversion Cycle162172154144160132135127154170192194
Working Capital Days98968677838883668889104113
ROCE %12%15%11%14%11%8%10%15%7%15%22%9%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters58.79%58.76%58.73%58.73%57.82%56.30%56.25%56.25%56.11%54.37%54.37%54.27%
FIIs0.00%0.00%0.00%0.00%11.18%11.40%11.44%0.00%8.40%8.93%8.90%8.91%
DIIs7.38%11.30%11.38%11.37%0.19%0.19%0.00%9.72%0.00%0.00%0.00%0.00%
Public33.83%29.94%29.89%29.90%30.80%32.12%32.31%34.03%35.50%36.70%36.74%36.83%
No. of Shareholders8,3108,9799,99110,59012,85712,50511,74713,05714,76615,34215,14714,382

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue5.005.0010.0010.0010.00
Basic EPS (Rs.)10.3832.9326.658.4831.13
Diluted EPS (Rs.)10.3832.9326.658.4831.13
Cash EPS (Rs.)22.5644.3051.7635.2261.11
Book Value[Excl.RevalReserv]/Share (Rs.)156.27148.71233.01208.66199.26
Book Value[Incl.RevalReserv]/Share (Rs.)156.27148.71233.01208.66199.26
Revenue From Operations / Share (Rs.)369.21437.83695.12459.58753.39
PBDIT / Share (Rs.)34.6861.9379.4453.8091.76
PBIT / Share (Rs.)22.0150.0254.9926.6561.84
PBT / Share (Rs.)13.3640.7542.079.5533.64
Net Profit / Share (Rs.)9.8832.3927.318.0731.20
NP After MI And SOA / Share (Rs.)10.3832.9326.658.4831.13
PBDIT Margin (%)9.3914.1411.4211.7012.17
PBIT Margin (%)5.9611.427.915.798.20
PBT Margin (%)3.619.306.052.074.46
Net Profit Margin (%)2.677.393.921.754.14
NP After MI And SOA Margin (%)2.817.523.831.844.13
Return on Networth / Equity (%)6.6422.1411.434.0615.62
Return on Capital Employeed (%)10.5425.8917.348.6122.16
Return On Assets (%)3.3210.555.171.926.25
Long Term Debt / Equity (X)0.270.240.260.380.28
Total Debt / Equity (X)0.660.720.650.480.76
Asset Turnover Ratio (%)1.181.541.450.971.40
Current Ratio (X)1.601.531.491.761.23
Quick Ratio (X)0.830.760.660.870.59
Inventory Turnover Ratio (X)1.792.252.371.392.17
Dividend Payout Ratio (NP) (%)28.893.795.620.008.03
Dividend Payout Ratio (CP) (%)13.012.782.930.004.09
Earning Retention Ratio (%)71.1196.2194.380.0091.97
Cash Earning Retention Ratio (%)86.9997.2297.070.0095.91
Interest Coverage Ratio (X)4.016.685.482.833.22
Interest Coverage Ratio (Post Tax) (X)2.144.492.781.322.09
Enterprise Value (Cr.)819.30748.26595.46328.22369.14
EV / Net Operating Revenue (X)0.640.490.500.410.28
EV / EBITDA (X)6.903.534.383.562.35
MarketCap / Net Operating Revenue (X)0.390.270.300.210.09
Retention Ratios (%)71.1096.2094.370.0091.96
Price / BV (X)0.920.810.910.470.35
Price / Net Operating Revenue (X)0.390.270.300.210.09
EarningsYield0.070.270.120.080.43

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Banswara Syntex Ltd as of December 31, 2024 is: 226.34

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 31, 2024, Banswara Syntex Ltd is Undervalued by 57.18% compared to the current share price 144.00

Intrinsic Value of Banswara Syntex Ltd as of December 31, 2024 is: 257.65

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 31, 2024, Banswara Syntex Ltd is Undervalued by 78.92% compared to the current share price 144.00

Last 5 Year EPS CAGR: 13.84%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has shown consistent growth in sales (61.46 cr) and profit (42.54 cr) over the years.
  1. The stock has a low average ROCE of 12.42%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 89.25, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 158.00, which may not be favorable.
  4. The company has higher borrowings (472.31) compared to reserves (320.08), which may suggest financial risk.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Banswara Syntex Ltd:
    1. Net Profit Margin: 2.67%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 10.54% (Industry Average ROCE: 7.19%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 6.64% (Industry Average ROE: 9.92%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 2.14
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.83
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 21.4 (Industry average Stock P/E: 45.42)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.66
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Banswara Syntex Ltd. is a Public Limited Listed company incorporated on 05/05/1976 and has its registered office in the State of Rajasthan, India. Company’s Corporate Identification Number(CIN) is L24302RJ1976PLC001684 and registration number is 001684. Currently Company is involved in the business activities of Preparation and spinning of man-made fiber including blended* man-made fiber. Company’s Total Operating Revenue is Rs. 1189.77 Cr. and Equity Capital is Rs. 17.12 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Textiles - Spinning - Synthetic BlendedIndustrial Area, Dahod Road, Banswara Rajasthan 327001secretarial@banswarasyntex.com
http://www.banswarasyntex.com
Management
NamePosition Held
Mr. Rakesh MehraChairman
Mr. Ravindra Kumar ToshniwalManaging Director
Mr. Shaleen ToshniwalJoint Managing Director
Mr. David VlerickIndependent Director
Mr. Jagdeesh Mal MehtaIndependent Director
Dr. Vaijayanti Ajit PanditIndependent Director
Mr. Narendra Kumar AmbwaniIndependent Director

FAQ

What is the latest intrinsic value of Banswara Syntex Ltd?

The latest intrinsic value of Banswara Syntex Ltd as on 31 December 2024 is ₹226.34, which is 57.18% higher than the current market price of ₹144.00. The stock has a market capitalization of 492 Cr. and recorded a high/low of 183/126 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹521 Cr and total liabilities of ₹1,208 Cr.

What is the Market Cap of Banswara Syntex Ltd?

The Market Cap of Banswara Syntex Ltd is 492 Cr..

What is the current Stock Price of Banswara Syntex Ltd as on 31 December 2024?

The current stock price of Banswara Syntex Ltd as on 31 December 2024 is 144.

What is the High / Low of Banswara Syntex Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Banswara Syntex Ltd stocks is 183/126.

What is the Stock P/E of Banswara Syntex Ltd?

The Stock P/E of Banswara Syntex Ltd is 21.4.

What is the Book Value of Banswara Syntex Ltd?

The Book Value of Banswara Syntex Ltd is 157.

What is the Dividend Yield of Banswara Syntex Ltd?

The Dividend Yield of Banswara Syntex Ltd is 0.70 %.

What is the ROCE of Banswara Syntex Ltd?

The ROCE of Banswara Syntex Ltd is 8.66 %.

What is the ROE of Banswara Syntex Ltd?

The ROE of Banswara Syntex Ltd is 6.69 %.

What is the Face Value of Banswara Syntex Ltd?

The Face Value of Banswara Syntex Ltd is 5.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Banswara Syntex Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE