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Last Updated on: 28 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Pashupati Cotspin Ltd

About the Company - Pashupati Cotspin Ltd

Pashupati Cotspin Ltd. is a Public Limited Listed company incorporated on 03/07/2017 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L17309GJ2017PLC098117 and registration number is 098117. Currently Company is involved in the business activities of Cotton ginning, cleaning and bailing. Company’s Total Operating Revenue is Rs. 661.38 Cr. and Equity Capital is Rs. 15.28 Cr. for the Year ended 31/03/2022.
Textiles - Spinning - Cotton BlendedSurvey No.404, At & Post Balasar, Kadi Gujarat
NamePosition Held
Mr. Saurin Jagdish Bhai ParikhChairman & Managing Director
Mr. Tushar Rameshchandra TrivediWhole Time Director
Mr. Dakshesh Jayantilal PatelNon Executive Director
Mr. Sandip Ashwinbhai ParikhIndependent Director
Mrs. Sheela Kirtankumar RoyIndependent Director

Pashupati Cotspin Ltd. Share Price Update

Share PriceValue
Previous Day₹102.25

Basic Stock Data of Pashupati Cotspin Ltd

Market Cap 140 Cr.
Current Price 91.6
High / Low128/90.0
Stock P/E37.9
Book Value 72.3
Dividend Yield0.82 %
ROCE5.59 %
ROE3.74 %
Face Value 10.0

Data Source:

Competitors of Pashupati Cotspin Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Vardhman Polytex Ltd 186 Cr. 68.074.0/18.8 1380.00 %33.7 %% 10.0
Precot Ltd 450 Cr. 375382/128 3340.00 %0.13 %6.69 % 10.0
Salona Cotspin Ltd 174 Cr. 330357/20220.8 1470.00 %13.8 %26.6 % 10.0
Nahar Polyfilms Ltd 485 Cr. 197293/18655.4 3270.76 %5.33 %5.08 % 5.00
Super Spinning Mills Ltd 51.0 Cr. 9.2711.7/5.30 14.90.00 %7.08 %15.0 % 1.00
Industry Average269.20 Cr195.8515.24192.180.15%12.01%10.67%7.20

Pashupati Cotspin Ltd Quarterly Results

MonthSep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023
Operating Profit9131220201961110
OPM %5%6%10%6%9%4%4%4%4%
Other Income6-01113444
Profit before tax011679150
Tax %-720%-77%54%25%40%23%41%31%0%
Net Profit120547130
EPS in Rs1.

Pashupati Cotspin Ltd Quarterly Chart

Pashupati Cotspin Ltd Profit & Loss

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Operating Profit-0313132725422233391721
OPM %5%5%5%10%7%8%5%7%6%4%4%
Other Income031415100-252488
Profit before tax-0-17916711171665
Tax %31%128%-16%10%-44%109%13%-144%28%31%33%
Net Profit-008823-19351144
EPS in Rs-0.629.203.103.477.282.692.41
Dividend Payout %0%0%0%0%0%0%5%16%22%10%28%

Pashupati Cotspin Ltd Profit & Loss Yearly Chart

Pashupati Cotspin Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:6%
3 Years:4%
Compounded Profit Growth
10 Years:44%
5 Years:52%
3 Years:102%
Stock Price CAGR
10 Years:%
5 Years:15%
3 Years:17%
1 Year:-9%
Return on Equity
10 Years:12%
5 Years:8%
3 Years:7%
Last Year:4%

Pashupati Cotspin Ltd Balance Sheet

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital0000810101115151515
Other Liabilities12732311226436316212327
Total Liabilities8124152149156237241244265307307312
Fixed Assets2747363601211091059586112140
Other Assets550788696116121133163182135121
Total Assets8124152149156237241244265307307312

Pashupati Cotspin Ltd Reserves and Borrowings Chart

Pashupati Cotspin Ltd Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 0-1193824-184429-112265
Cash from Investing Activity -4-71-1-4-2-25-12-3-5-34-51
Cash from Financing Activity 484-8-34-2240-32-261613-15
Net Cash Flow010-0-1-30-001-0

Pashupati Cotspin Ltd Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days66233334301947332851
Inventory Days119352933824954724034
Days Payable216114468447
Cash Conversion Cycle16452605410862931016478
Working Capital Days2179486828851681198690
ROCE %10%21%19%17%10%15%5%9%11%6%

Pashupati Cotspin Ltd Financial Efficiency Indicators Chart

Pashupati Cotspin Ltd Share Holding Pattern

MonthMar 2018Sep 2018Mar 2019Sep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023
No. of Shareholders249247239236232224195169146139129131

Pashupati Cotspin Ltd Shareholding Pattern Chart

No. of Pashupati Cotspin Ltd Shareholders

This stock is not held by any mutual fund

Pashupati Cotspin Ltd ROCE Trend

Pashupati Cotspin Ltd EPS Trend

Pashupati Cotspin Ltd Key Financial Ratios

MonthMar 23
Basic EPS (Rs.)2.54
Diluted EPS (Rs.)2.54
Cash EPS (Rs.)8.60
Book Value[Excl.RevalReserv]/Share (Rs.)73.37
Book Value[Incl.RevalReserv]/Share (Rs.)73.37
Revenue From Operations / Share (Rs.)289.73
PBDIT / Share (Rs.)17.33
PBIT / Share (Rs.)11.27
PBT / Share (Rs.)3.87
Net Profit / Share (Rs.)2.54
NP After MI And SOA / Share (Rs.)2.54
PBDIT Margin (%)5.98
PBIT Margin (%)3.88
PBT Margin (%)1.33
Net Profit Margin (%)0.87
NP After MI And SOA Margin (%)0.87
Return on Networth / Equity (%)3.48
Return on Capital Employeed (%)10.09
Return On Assets (%)1.25
Long Term Debt / Equity (X)0.45
Total Debt / Equity (X)1.56
Current Ratio (X)1.14
Quick Ratio (X)0.88
Dividend Payout Ratio (NP) (%)29.55
Dividend Payout Ratio (CP) (%)8.72
Earning Retention Ratio (%)70.45
Cash Earning Retention Ratio (%)91.28
Interest Coverage Ratio (X)2.34
Interest Coverage Ratio (Post Tax) (X)1.34
Enterprise Value (Cr.)327.57
EV / Net Operating Revenue (X)0.73
EV / EBITDA (X)12.37
MarketCap / Net Operating Revenue (X)0.35
Retention Ratios (%)70.44
Price / BV (X)1.40
Price / Net Operating Revenue (X)0.35

Pashupati Cotspin Ltd Profitability Ratios (%)

Pashupati Cotspin Ltd Liquidity Ratios

Pashupati Cotspin Ltd Liquidity Ratios (%)

Pashupati Cotspin Ltd Interest Coverage Ratios (%)

Pashupati Cotspin Ltd Valuation Ratios

Fair Value / Intrinsic Value of Pashupati Cotspin Ltd

Fair Value: ₹103.32

The stock is undervalued by 12.80% compared to the current price ₹91.6

*Investments are subject to market risks

Strength and Weakness of Pashupati Cotspin Ltd

  1. The company has shown consistent growth in sales (349.33 cr) and profit (7.00 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 11.27 and average Dividend Yield of 3.88%.
  2. The stock has a low average ROCE of 11.18%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 89.18, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 76.00, which may not be favorable.
  5. The company has higher borrowings (123.08) compared to reserves (50.33), which may suggest financial risk.

Should I Buy Pashupati Cotspin Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Pashupati Cotspin Ltd:
    1. Net Profit Margin: 0.87%
      • 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: 10.09% (Industry Average ROCE: 6.66%)
      • 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. Interest Coverage Ratio (Post Tax): 1.34
      • 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.
    4. Quick Ratio: 0.88
      • 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.
    5. ✗ Stock P/E: 40.2 (Industry average Stock P/E: 15.04)
      • 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.
    6. ✗ Total Debt / Equity: 1.56
      • 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 suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

About the Author

Author Avatar

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 Pashupati Cotspin 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 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