Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 30 May, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Banswara Syntex Ltd

About the Company - Banswara Syntex Ltd

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. Vijay MehtaIndependent Director
Mr. Praduman KumarIndependent Director
Mr. Devendra Pal GargIndependent Director
Dr. Shri Bhagwan AgarwalIndependent Director
Mr. Vijay Kumar AgarwalIndependent Director
Mr. Kamal Kishore KacholiaIndependent Director

Basic Stock Data of Banswara Syntex Ltd

Last Updated: May 13, 2024, 2:46 pm

Market Cap 490 Cr.
Current Price 143
High / Low189/132
Stock P/E13.9
Book Value 156
Dividend Yield2.09 %
ROCE8.72 %
ROE6.75 %
Face Value 5.00
PEG Ratio1.93

Banswara Syntex Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales225.55254.15212.24306.96303.19367.38355.48406.48367.85368.97302.67315.90302.28
Expenses195.49223.26194.24277.43274.48324.62311.66356.55314.16318.28275.85288.09276.30
Operating Profit30.0630.8918.0029.5328.7142.7643.8249.9353.6950.6926.8227.8125.98
OPM %13.33%12.15%8.48%9.62%9.47%11.64%12.33%12.28%14.60%13.74%8.86%8.80%8.59%
Other Income2.718.771.426.785.805.673.021.524.915.143.412.233.56
Interest7.696.805.965.886.406.557.587.808.677.706.747.617.36
Depreciation11.3610.8610.8810.7810.309.909.8610.4510.2310.2310.5410.7110.83
Profit before tax13.7222.002.5819.6517.8131.9829.4033.2039.7037.9012.9511.7211.35
Tax %19.61%23.64%-27.91%40.25%31.27%39.21%35.27%-5.81%25.84%26.62%25.71%25.34%24.67%
Net Profit11.0316.803.3011.7412.2419.4519.0235.1329.4427.829.628.768.55
EPS in Rs3.234.910.963.433.585.695.5610.268.608.132.812.562.50

Last Updated: May 11, 2024, 11:29 am

Banswara Syntex Ltd Quarterly Chart

Banswara Syntex Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales9241,0941,2091,2231,2621,2401,2921,3511,2907871,1901,4991,355
Expenses7929461,0311,0851,1011,1071,1811,2311,1457111,0711,3011,196
Operating Profit13214817813816113411112014476119198159
OPM %14%13%15%11%13%11%9%9%11%10%10%13%12%
Other Income48417111217111320201516
Interest75828181706359564933253231
Depreciation43525259585858555146424142
Profit before tax1721481444251120581672140102
Tax %14%43%45%44%38%25%27%-24%7%15%35%21%
Net Profit1512278271982453144711176
EPS in Rs5.044.098.562.448.025.552.327.0615.614.0713.6732.5522.10
Dividend Payout %15%18%17%20%12%9%22%7%5%18%9%9%

Banswara Syntex Ltd Profit & Loss Yearly Chart

Banswara Syntex Ltd Growth

Compounded Sales Growth
10 Years:0%
5 Years:-1%
3 Years:17%
TTM:-16%
Compounded Profit Growth
10 Years:3%
5 Years:6%
3 Years:45%
TTM:-68%
Stock Price CAGR
10 Years:14%
5 Years:33%
3 Years:32%
1 Year:-2%
Return on Equity
10 Years:10%
5 Years:13%
3 Years:14%
Last Year:7%

Last Updated: May 13, 2024, 2:46 pm

Banswara Syntex Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital15151616171717171717171717
Reserves159172196207232245252277325340383492501
Preference Capital222000000000
Borrowings685678696632562561538474321227262373323
Other Liabilities156203198221230237265218190162222186196
Total Liabilities1,0151,0681,1061,0761,0411,0601,0739868537468841,0681,038
Fixed Assets488515514501473486460418374338314370383
CWIP268910865011292242
Investments7914181944443568
Other Assets494536569547541564604565474405536671605
Total Assets1,0151,0681,1061,0761,0411,0601,0739868537468841,0681,038

Banswara Syntex Ltd Reserves and Borrowings Chart

Banswara Syntex Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 631511341791741401061372051325420
Cash from Investing Activity -90-55-58-48-28-61-25-10-4-3-48-100
Cash from Financing Activity 32-92-61-148-140-82-85-123-206-126575
Net Cash Flow5416-176-2-44-5411-4

Banswara Syntex Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days535147414747524440533952
Inventory Days235197192195173204181169155207213195
Days Payable80876782769010178681078255
Cash Conversion Cycle207162172154144160132135127154170192
Working Capital Days11598968677838883668889104
ROCE %12%12%15%11%14%11%8%10%15%7%15%22%

Banswara Syntex Ltd Financial Efficiency Indicators Chart

Banswara Syntex Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters58.81%58.79%58.76%58.73%58.73%57.82%56.30%56.25%56.25%56.11%54.37%54.37%
FIIs0.00%0.00%0.00%0.00%0.00%11.18%11.40%11.44%0.00%8.40%8.93%8.90%
DIIs4.30%7.38%11.30%11.38%11.37%0.19%0.19%0.00%9.72%0.00%0.00%0.00%
Public36.89%33.83%29.94%29.89%29.90%30.80%32.12%32.31%34.03%35.50%36.70%36.74%
No. of Shareholders8,1308,3108,9799,99110,59012,85712,50511,74713,05714,76615,34215,147

Banswara Syntex Ltd Shareholding Pattern Chart

No. of Banswara Syntex Ltd Shareholders

This stock is not held by any mutual fund

Banswara Syntex Ltd ROCE Trend

Banswara Syntex Ltd EPS Trend

Banswara Syntex Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue5.0010.0010.0010.0010.00
Basic EPS (Rs.)32.9326.658.4831.1314.23
Diluted EPS (Rs.)32.9326.658.4831.1314.23
Cash EPS (Rs.)44.3051.7635.2261.1146.18
Book Value[Excl.RevalReserv]/Share (Rs.)148.71233.01208.66199.26171.59
Book Value[Incl.RevalReserv]/Share (Rs.)148.71233.01208.66199.26171.59
Revenue From Operations / Share (Rs.)437.83695.12459.58753.39788.66
PBDIT / Share (Rs.)61.9379.4453.8091.7678.16
PBIT / Share (Rs.)50.0254.9926.6561.8446.09
PBT / Share (Rs.)40.7542.079.5533.6411.40
Net Profit / Share (Rs.)32.3927.318.0731.2014.12
NP After MI And SOA / Share (Rs.)32.9326.658.4831.1314.23
PBDIT Margin (%)14.1411.4211.7012.179.90
PBIT Margin (%)11.427.915.798.205.84
PBT Margin (%)9.306.052.074.461.44
Net Profit Margin (%)7.393.921.754.141.79
NP After MI And SOA Margin (%)7.523.831.844.131.80
Return on Networth / Equity (%)22.1411.434.0615.628.29
Return on Capital Employeed (%)25.8917.348.6122.1616.49
Return On Assets (%)10.555.171.926.252.46
Long Term Debt / Equity (X)0.240.260.380.280.47
Total Debt / Equity (X)0.720.650.480.761.43
Asset Turnover Ratio (%)1.541.450.971.401.31
Current Ratio (X)1.531.491.761.231.09
Quick Ratio (X)0.760.660.870.590.52
Inventory Turnover Ratio (X)2.252.371.392.172.20
Dividend Payout Ratio (NP) (%)3.795.620.008.037.02
Dividend Payout Ratio (CP) (%)2.782.930.004.092.16
Earning Retention Ratio (%)96.2194.380.0091.9792.98
Cash Earning Retention Ratio (%)97.2297.070.0095.9197.84
Interest Coverage Ratio (X)6.685.482.833.222.37
Interest Coverage Ratio (Post Tax) (X)4.492.781.322.091.48
Enterprise Value (Cr.)748.26595.46328.22369.14521.04
EV / Net Operating Revenue (X)0.490.500.410.280.38
EV / EBITDA (X)3.534.383.562.353.89
MarketCap / Net Operating Revenue (X)0.270.300.210.090.08
Retention Ratios (%)96.2094.370.0091.9692.97
Price / BV (X)0.810.910.470.350.40
Price / Net Operating Revenue (X)0.270.300.210.090.08
EarningsYield0.270.120.080.430.20

Banswara Syntex Ltd Profitability Ratios (%)

Banswara Syntex Ltd Liquidity Ratios

Banswara Syntex Ltd Liquidity Ratios (%)

Banswara Syntex Ltd Interest Coverage Ratios (%)

Banswara Syntex Ltd Valuation Ratios

Fair Value

Fair Value: ₹149.43

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.

Undervalued: 4.49% compared to the current price ₹143

Intrinsic Value: ₹160.19

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 12.02% compared to the current price ₹143

Last 5 Year EPS CAGR: 7.20%

*Investments are subject to market risks

Strength and Weakness of Banswara Syntex Ltd Stock

StrengthWeakness
  1. The company has higher reserves (290.85 cr) compared to borrowings (0.46 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (132.46 cr) and profit (45.23 cr) over the years.
  1. The stock has a low average ROCE of 12.67%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 89.42, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 159.08, which may not be favorable.

FAQ

What is the latest fair value of Banswara Syntex Ltd?

The latest fair value of Banswara Syntex Ltd is ₹149.43.

What is the Market Cap of Banswara Syntex Ltd?

The Market Cap of Banswara Syntex Ltd is 490 Cr..

What is the current Stock Price of Banswara Syntex Ltd as on 19 May 2024?

The current stock price of Banswara Syntex Ltd as on 19 May 2024 is 143.

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

In FY 2024, the High / Low of Banswara Syntex Ltd stocks is ₹189/132.

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

The Stock P/E of Banswara Syntex Ltd is 13.9.

What is the Book Value of Banswara Syntex Ltd?

The Book Value of Banswara Syntex Ltd is 156.

What is the Dividend Yield of Banswara Syntex Ltd?

The Dividend Yield of Banswara Syntex Ltd is 2.09 %.

What is the ROCE of Banswara Syntex Ltd?

The ROCE of Banswara Syntex Ltd is 8.72 %.

What is the ROE of Banswara Syntex Ltd?

The ROE of Banswara Syntex Ltd is 6.75 %.

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