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Last Updated on: 13 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Pashupati Cotspin Ltd

Basic Stock Data

Last Updated: June 12, 2024, 10:28 pm

Market Cap 488 Cr.
Current Price 320
High / Low320/85.0
Stock P/E58.8
Book Value 77.6
Dividend Yield0.24 %
ROCE9.90 %
ROE7.45 %
Face Value 10.0
PEG Ratio-11.97

Competitors of Pashupati Cotspin Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Spentex Industries Ltd 25.1 Cr. 2.803.55/1.35 6.260.00 %75.2 %% 10.0
Padam Cotton Yarns Ltd 13.7 Cr. 35.357.0/13.6 18.10.00 %25.6 %29.3 % 10.0
Nitin Spinners Ltd 1,902 Cr. 338395/22514.5 2040.74 %11.6 %12.1 % 10.0
Akshar Spintex Ltd 78.0 Cr. 2.607.08/2.1022.5 1.460.30 %10.5 %8.19 % 1.00
Maral Overseas Ltd 286 Cr. 68.9102/44.8 31.70.00 %4.55 %7.17 % 10.0
Industry Average460.96 Cr89.527.4052.300.21%25.49%11.35%8.20

Quarterly Result

MonthSep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023
Sales171226120321220442176267263
Expenses161214107301200423169256253
Operating Profit9131220201961110
OPM %5%6%10%6%9%4%4%4%4%
Other Income6-01113444
Interest846667558
Depreciation766977455
Profit before tax011679150
Tax %-720%-77%54%25%40%23%41%31%0%
Net Profit120547130
EPS in Rs1.202.000.273.202.944.340.422.270.14

Last Updated: June 9, 2024, 11:16 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: May 27, 2024, 5:53 am

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales072252248276334538397441661443530
Expenses069239235249310495375408622426509
Operating Profit-0313132725422233391721
OPM %5%5%5%10%7%8%5%7%6%4%4%
Other Income031415100-252488
Interest0615131310161212131013
Depreciation01559813131514910
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%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)0.00%187.50%-104.35%1000.00%-66.67%66.67%120.00%-63.64%
Change in YoY Net Profit Growth (%)0.00%187.50%-291.85%1104.35%-1066.67%133.33%53.33%-183.64%

Growth

Compounded Sales Growth
10 Years:25%
5 Years:4%
3 Years:14%
TTM:49%
Compounded Profit Growth
10 Years:38%
5 Years:-8%
3 Years:16%
TTM:102%
Stock Price CAGR
10 Years:%
5 Years:35%
3 Years:57%
1 Year:171%
Return on Equity
10 Years:11%
5 Years:6%
3 Years:7%
Last Year:7%

Last Updated: June 9, 2024, 11:16 pm

Pashupati Cotspin Ltd Balance Sheet

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital0000810101115151515
Reserves-008176042515983939695
Borrowings89711110177159137112150177173175
Other Liabilities12732311226436316212327
Total Liabilities8124152149156237241244265307307312
Fixed Assets2747363601211091059586112140
CWIP2000004000260
Investments000000666393451
Other Assets550788696116121133163182135121
Total Assets8124152149156237241244265307307312

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

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow-8.00-94.00-98.00-88.00-50.00-134.00-95.00-90.00-117.00-138.00-156.00

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

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%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2018Sep 2018Mar 2019Sep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023
Promoters64.91%64.91%64.91%64.91%64.15%65.80%68.99%71.08%71.83%72.87%73.04%73.03%
FIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.43%0.43%0.43%
Public35.10%35.09%35.09%35.09%35.84%34.21%31.02%28.92%28.17%26.70%26.53%26.54%
No. of Shareholders249247239236232224195169146139129131

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 23
FaceValue10.00
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
EarningsYield0.02

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 340.75

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: 6.48% compared to the current price 320

Intrinsic Value: 324.02

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: 1.26% compared to the current price ₹320

Last 5 Year EPS CAGR: -4.91%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has shown consistent growth in sales (349.33 cr) and profit (7.00 cr) over the years.
  1. The stock has a low average ROCE of 11.18%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 89.18, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 76.00, which may not be favorable.
  4. The company has higher borrowings (123.08) compared to reserves (50.33), 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 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: 25.49%)
      • 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%: 3.48% (Industry Average ROE: 11.35%)
      • 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): 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.
    5. 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.
    6. ✗ Stock P/E: 58.8 (Industry average Stock P/E: 7.4)
      • 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: 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 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

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.
INDUSTRYADDRESSCONTACT
Textiles - Spinning - Cotton BlendedSurvey No.404, At & Post Balasar, Kadi Gujarat 382715cs@pashupaticotspin.com
http://www.pashupaticotspin.com
Management
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

FAQ

What is the latest fair value of Pashupati Cotspin Ltd?

The latest fair value of Pashupati Cotspin Ltd is ₹340.75.

What is the Market Cap of Pashupati Cotspin Ltd?

The Market Cap of Pashupati Cotspin Ltd is 488 Cr..

What is the current Stock Price of Pashupati Cotspin Ltd as on 13 June 2024?

The current stock price of Pashupati Cotspin Ltd as on 13 June 2024 is ₹320.

What is the High / Low of Pashupati Cotspin Ltd stocks in FY 2024?

In FY 2024, the High / Low of Pashupati Cotspin Ltd stocks is 320/85.0.

What is the Stock P/E of Pashupati Cotspin Ltd?

The Stock P/E of Pashupati Cotspin Ltd is 58.8.

What is the Book Value of Pashupati Cotspin Ltd?

The Book Value of Pashupati Cotspin Ltd is 77.6.

What is the Dividend Yield of Pashupati Cotspin Ltd?

The Dividend Yield of Pashupati Cotspin Ltd is 0.24 %.

What is the ROCE of Pashupati Cotspin Ltd?

The ROCE of Pashupati Cotspin Ltd is 9.90 %.

What is the ROE of Pashupati Cotspin Ltd?

The ROE of Pashupati Cotspin Ltd is 7.45 %.

What is the Face Value of Pashupati Cotspin Ltd?

The Face Value of Pashupati Cotspin Ltd is 10.0.

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 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 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