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Last Updated on: 30 May, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 590022 | NSE: EASTSILK

Fundamental Analysis of Eastern Silk Industries Ltd

About the Company - Eastern Silk Industries Ltd

Eastern Silk Industries Ltd. is a Public Limited Listed company incorporated on 09/04/1946 and has its registered office in the State of West Bengal, India. Company’s Corporate Identification Number(CIN) is L17226WB1946PLC013554 and registration number is 013554. Currently Company is involved in the business activities of Spinning, weaving and finishing of textiles. Company’s Total Operating Revenue is Rs. 73.14 Cr. and Equity Capital is Rs. 15.79 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Textiles - Synthetic/Silk19, R.N. Mukherjee Road, Kolkata West Bengal 700001investors@easternsilk.com
http://www.easternsilk.com
Management
NamePosition Held
Mr. Sundeep ShahChairman & Managing Director
Ms. Megha ShahExecutive Director
Mr. G D HarnathkaInd. Non-Executive Director
Mr. Madhu Kant SharmaInd. Non-Executive Director
Mr. Pankaj Kumar DeorahInd. Non-Executive Director
Mr. Abhishek HaralalkaInd. Non-Executive Director

Basic Stock Data of Eastern Silk Industries Ltd

Last Updated: May 30, 2024, 6:09 am

Market Cap 14.2 Cr.
Current Price 1.80
High / Low3.45/1.75
Stock P/E
Book Value 6.37
Dividend Yield0.00 %
ROCE11.9 %
ROE%
Face Value 2.00
PEG Ratio0.00

Competitors of Eastern Silk Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Industry Average0 Cr0000%0%0%0

Eastern Silk Industries Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales23.0233.9927.8224.3218.7311.5318.5620.667.305.434.624.665.65
Expenses19.7828.4329.6523.0818.0214.3120.9220.449.728.9110.748.378.56
Operating Profit3.245.56-1.831.240.71-2.78-2.360.22-2.42-3.48-6.12-3.71-2.91
OPM %14.07%16.36%-6.58%5.10%3.79%-24.11%-12.72%1.06%-33.15%-64.09%-132.47%-79.61%-51.50%
Other Income0.270.420.380.240.350.450.410.260.290.310.590.410.40
Interest0.000.001.120.000.000.001.120.000.000.001.120.000.00
Depreciation1.031.121.250.990.990.991.040.870.670.720.700.570.67
Profit before tax2.484.86-3.820.490.07-3.32-4.11-0.39-2.80-3.89-7.35-3.87-3.18
Tax %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Net Profit2.494.86-3.820.490.07-3.32-4.10-0.40-2.80-3.89-7.35-3.87-3.18
EPS in Rs0.320.62-0.480.060.01-0.42-0.52-0.05-0.35-0.49-0.93-0.49-0.40

Eastern Silk Industries Ltd Quarterly Chart

Eastern Silk Industries Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales947680617063516510391733820
Expenses8214717486142128806710085765037
Operating Profit12-71-95-25-71-64-29-236-3-12-16
OPM %13%-93%-119%-41%-101%-101%-56%-3%3%6%-4%-31%-80%
Other Income-651822106412060151112
Interest4347492011111111
Depreciation2118162014119765433
Profit before tax-117-117-136-37-224421-1011-7-14-18
Tax %22%19%0%0%0%0%0%-0%0%0%0%0%
Net Profit-92-95-136-37-224421-1011-7-14-18
EPS in Rs-11.60-12.08-17.28-4.67-2.765.582.66-1.220.130.13-0.87-1.83-2.31
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Eastern Silk Industries Ltd Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-3.26%-43.16%72.79%40.54%300.00%-52.27%-147.62%110.00%0.00%-800.00%-100.00%
Change in YoY Net Profit Growth (%)0.00%-39.90%115.95%-32.25%259.46%-352.27%-95.35%257.62%-110.00%-800.00%700.00%

Eastern Silk Industries Ltd Growth

Compounded Sales Growth
10 Years:-7%
5 Years:-6%
3 Years:-28%
TTM:-61%
Compounded Profit Growth
10 Years:6%
5 Years:10%
3 Years:%
TTM:-59%
Stock Price CAGR
10 Years:3%
5 Years:-2%
3 Years:-15%
1 Year:-25%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Last Updated: April 6, 2024, 5:46 am

Eastern Silk Industries Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital16161616161616161616161616
Reserves22399-38-85-107-51-30-40-39-38-45-59-66
Preference Capital14141414140141414141414
Borrowings444472479460385225139135136135136132146
Other Liabilities23324947525787906060586449
Total Liabilities704619506438345246211202173173165152144
Fixed Assets18913211791776960555046434039
CWIP2440100000000
Investments0300000000000
Other Assets514480385347267177151146122127121112105
Total Assets704619506438345246211202173173165152144

Eastern Silk Industries Ltd Reserves and Borrowings Chart

Eastern Silk Industries Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -18654525891457053213
Cash from Investing Activity -1-441-2-1-0-2-1-1-1-0
Cash from Financing Activity 183-12-34-19-83-156-72-3-2-10-4
Net Cash Flow-3-111474-12-30-000-1

Eastern Silk Industries Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days1,0821,4981,0071,09758926517917978100118146
Inventory Days1,1943575738445437801,076508259260280417
Days Payable1931194947701105937463525
Cash Conversion Cycle2,2571,8231,5621,8921,0869741,145629299314363538
Working Capital Days1,7661,9371,2671,393714334165868210611115
ROCE %5%-11%-16%-4%-22%-30%-22%-6%2%2%-4%-12%

Eastern Silk Industries Ltd Financial Efficiency Indicators Chart

Eastern Silk Industries Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters51.28%51.28%51.28%51.28%51.28%51.28%51.28%51.28%51.28%51.28%51.28%51.28%
DIIs1.92%1.92%1.92%1.92%1.92%1.92%1.92%1.92%1.92%1.92%1.92%1.92%
Public46.80%46.80%46.80%46.80%46.80%46.80%46.80%46.80%46.80%46.80%46.80%46.81%
No. of Shareholders18,04017,87619,17319,84422,80826,39226,73326,78226,52826,23826,11225,477

Eastern Silk Industries Ltd Shareholding Pattern Chart

No. of Eastern Silk Industries Ltd Shareholders

This stock is not held by any mutual fund

Eastern Silk Industries Ltd ROCE Trend

Eastern Silk Industries Ltd EPS Trend

Eastern Silk Industries Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)-1.83-0.870.130.13-1.22
Diluted EPS (Rs.)-1.83-0.870.130.13-1.22
Cash EPS (Rs.)-1.45-0.360.730.86-0.31
Book Value[Excl.RevalReserv]/Share (Rs.)-5.47-3.66-2.82-2.95-3.02
Book Value[Incl.RevalReserv]/Share (Rs.)-5.47-3.66-2.82-2.95-3.02
Revenue From Operations / Share (Rs.)4.819.2611.4813.078.26
PBDIT / Share (Rs.)-1.31-0.210.871.00-0.16
PBIT / Share (Rs.)-1.69-0.720.270.27-1.08
PBT / Share (Rs.)-1.83-0.860.130.13-1.22
Net Profit / Share (Rs.)-1.83-0.860.130.13-1.22
PBDIT Margin (%)-27.23-2.357.637.67-2.01
PBIT Margin (%)-35.02-7.852.382.10-13.02
PBT Margin (%)-37.97-9.381.151.02-14.74
Net Profit Margin (%)-37.97-9.381.151.02-14.75
Return on Networth / Equity (%)0.000.00-4.69-4.520.00
Return on Capital Employeed (%)45.9539.05-27.40-25.6792.63
Return On Assets (%)-9.48-4.170.600.60-4.77
Total Debt / Equity (X)-3.05-4.70-6.08-5.72-5.68
Asset Turnover Ratio (%)0.240.430.520.550.31
Current Ratio (X)0.350.410.440.410.47
Quick Ratio (X)0.190.210.220.210.23
Inventory Turnover Ratio (X)0.410.680.860.220.13
Interest Coverage Ratio (X)-9.24-1.546.187.07-1.18
Interest Coverage Ratio (Post Tax) (X)-11.89-5.131.931.94-7.60
Enterprise Value (Cr.)146.60194.23153.64144.76157.70
EV / Net Operating Revenue (X)3.862.661.691.402.42
EV / EBITDA (X)-14.16-112.6022.1918.28-119.73
MarketCap / Net Operating Revenue (X)0.390.720.130.050.25
Price / BV (X)-0.34-1.85-0.56-0.24-0.69
Price / Net Operating Revenue (X)0.390.720.130.050.25
EarningsYield-0.97-0.120.080.18-0.57

Eastern Silk Industries Ltd Profitability Ratios (%)

Eastern Silk Industries Ltd Liquidity Ratios

Eastern Silk Industries Ltd Liquidity Ratios (%)

Eastern Silk Industries Ltd Interest Coverage Ratios (X)

Eastern Silk Industries Ltd Valuation Ratios

Fair Value

Fair Value: ₹14.62

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: 712.18% compared to the current price ₹1.8

Default values used*: Deafault value of 15 for Stock P/E is used, Deafault value of 15% for ROE is used

Intrinsic Value: ₹11.42

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: 534.36% compared to the current price ₹1.8

Default values used*: Deafault value of 15 for Stock P/E is used, Deafault value of 15% for ROE is used

Last 5 Year EPS CAGR: -21.89%

*Investments are subject to market risks

Strength and Weakness of Eastern Silk Industries Ltd

StrengthWeakness
    1. The stock has a low average ROCE of -9.83%, which may not be favorable.
    2. The stock has a high average Working Capital Days of 134.75, which may not be favorable.
    3. The stock has a high average Cash Conversion Cycle of 260.33, which may not be favorable.
    4. The company has higher borrowings (11.85) compared to reserves (-21.23), which may suggest financial risk.
    5. The company has not shown consistent growth in sales (68.08) and profit (-31.62).

    Should I Buy Eastern Silk Industries Ltd Share Now?

    • 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 Eastern Silk Industries Ltd:
      1. Net Profit Margin: -37.97%
        • 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: 45.95% (Industry Average ROCE: 0%)
        • 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%: 0.00% (Industry Average ROE: 0%)
        • 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): -11.89
        • 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: 0.19
        • 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: (Industry average Stock P/E: 0)
        • 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: -3.05
        • 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:

    FAQ

    What is the latest fair value of Eastern Silk Industries Ltd?

    The latest fair value of Eastern Silk Industries Ltd is 14.62.

    What is the Market Cap of Eastern Silk Industries Ltd?

    The Market Cap of Eastern Silk Industries Ltd is 14.2 Cr..

    What is the current Stock Price of Eastern Silk Industries Ltd as on 13 April 2024?

    The current stock price of Eastern Silk Industries Ltd as on 13 April 2024 is 1.80.

    What is the High / Low of Eastern Silk Industries Ltd stocks in FY 2024?

    In FY 2024, the High / Low of Eastern Silk Industries Ltd stocks is ₹3.45/1.75.

    What is the Stock P/E of Eastern Silk Industries Ltd?

    The Stock P/E of Eastern Silk Industries Ltd is .

    What is the Book Value of Eastern Silk Industries Ltd?

    The Book Value of Eastern Silk Industries Ltd is 6.37.

    What is the Dividend Yield of Eastern Silk Industries Ltd?

    The Dividend Yield of Eastern Silk Industries Ltd is 0.00 %.

    What is the ROCE of Eastern Silk Industries Ltd?

    The ROCE of Eastern Silk Industries Ltd is 11.9 %.

    What is the ROE of Eastern Silk Industries Ltd?

    The ROE of Eastern Silk Industries Ltd is %.

    What is the Face Value of Eastern Silk Industries Ltd?

    The Face Value of Eastern Silk Industries Ltd is 2.00.

    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 Eastern Silk Industries 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