Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 04 March, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Patspin India Ltd

About the Company - Patspin India Ltd

Patspin India Ltd. is a Public Limited Listed company incorporated on 20/09/1991 and has its registered office in the State of Kerala, India. Company’s Corporate Identification Number(CIN) is L18101KL1991PLC006194 and registration number is 006194. Currently Company is involved in the business activities of Preparation and spinning of cotton fiber including blended* cotton. Company’s Total Operating Revenue is Rs. 143.32 Cr. and Equity Capital is Rs. 30.92 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Textiles - Spinning - Cotton Blended3rd Floor, Palal Towers, Ravipuram, M G Road, Kochi Kerala 682016cs@patspin.com
http://www.patspin.com
Management
NamePosition Held
Mr. B K PatodiaChairman
Mr. Umang PatodiaManaging Director
Mr. N K BafnaInd.& Non Exe.Director
Mr. V N BalakrishnanInd.& Non Exe.Director
Mr. C K Gopalakrishnan NairInd.& Non Exe.Director
Ms. Kalpana Mahesh ThakkerNon Exe.Non Ind.Director

Patspin India Ltd. Share Price Update

Share PriceValue
Today₹11.64
Previous Day₹11.53

Basic Stock Data of Patspin India Ltd

Market Cap 42.2 Cr.
Current Price 13.6
High / Low16.5/8.85
Stock P/E
Book Value 7.85
Dividend Yield0.00 %
ROCE14.6 %
ROE%
Face Value 10.0

Data Source: screener.in

Competitors of Patspin India Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Lambodhara Textiles Ltd 175 Cr. 169241/13649.5 1050.44 %18.4 %17.4 % 5.00
Vardhman Polytex Ltd 197 Cr. 72.274.0/19.3 1380.00 %33.7 %% 10.0
Shiva Texyarn Ltd 208 Cr. 160201/107 97.00.00 %%% 10.0
Vardhman Textiles Ltd (VTL) 12,304 Cr. 426456/27020.9 3060.80 %11.5 %9.74 % 2.00
Maral Overseas Ltd 319 Cr. 76.8102/44.2 30.00.00 %0.95 %10.6 % 10.0
Industry Average2,640.60 Cr180.8014.08135.200.25%12.91%7.55%7.40

Patspin India Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales44.1632.9044.3931.9642.5736.0432.7630.0113.548.6422.6913.4510.75
Expenses46.2435.0742.7929.0735.1928.8830.8229.2316.7711.8125.1514.9111.01
Operating Profit-2.08-2.171.602.897.387.161.940.78-3.23-3.17-2.46-1.46-0.26
OPM %-4.71%-6.60%3.60%9.04%17.34%19.87%5.92%2.60%-23.86%-36.69%-10.84%-10.86%-2.42%
Other Income0.110.070.110.030.070.070.060.030.188.89-1.500.100.05
Interest5.826.096.555.716.106.234.803.833.851.801.041.742.03
Depreciation2.582.572.512.532.552.552.502.522.541.300.790.770.88
Profit before tax-10.37-10.76-7.35-5.32-1.20-1.55-5.30-5.54-9.442.62-5.79-3.87-3.12
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 Profit-10.37-10.76-7.35-5.32-1.20-1.55-5.30-5.54-9.442.62-5.79-3.87-3.12
EPS in Rs-3.35-3.48-2.38-1.72-0.39-0.50-1.71-1.79-3.050.85-1.87-1.25-1.01

Patspin India Ltd Quarterly Chart

Patspin India Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales4264626105544965325235493931481437556
Expenses4154375515214484784925143941521248363
Operating Profit1125593449543134-1-419-8-7
OPM %3%5%10%6%10%10%6%6%-0%-3%14%-11%-13%
Other Income11111610220088
Interest2829353137353329272423117
Depreciation202019121212101010101074
Profit before tax-36-236-8113-3-3-36-38-13-18-10
Tax %35%32%24%21%-37%24%-62%23%34%-0%-0%-0%
Net Profit-24-164-6110-4-2-24-38-13-18-10
EPS in Rs-7.62-5.121.37-2.100.253.24-1.41-0.76-7.77-12.28-4.33-5.87-3.28
Dividend Payout %-0%-0%-0%-0%-0%-0%-0%-0%-0%-0%-0%-0%

Patspin India Ltd Profit & Loss Yearly Chart

Patspin India Ltd Growth

Compounded Sales Growth
10 Years:-17%
5 Years:-32%
3 Years:-42%
TTM:-33%
Compounded Profit Growth
10 Years:-9%
5 Years:%
3 Years:-2%
TTM:43%
Stock Price CAGR
10 Years:9%
5 Years:7%
3 Years:38%
1 Year:38%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Patspin India Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital31313131313131313131313131
Reserves-9-23-20-27-263631273-37-49-69-55
Preference Capital7182121210131416181821
Borrowings3083023022592292471941671321461457775
Other Liabilities52777985886810312310488805939
Total Liabilities3833863923483223823583482702282069890
Fixed Assets2252081961911852272122001901781676967
CWIP6504000000000
Investments0024211000000
Other Assets1521731941491361541451488050392923
Total Assets3833863923483223823583482702282069890

Patspin India Ltd Reserves and Borrowings Chart

Patspin India Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 363135756547483851-1-16
Cash from Investing Activity -18-11-2-120127321-092
Cash from Financing Activity -16-21-30-67-62-59-57-39-551-1-97
Net Cash Flow2-23-43-1-32-21-21

Patspin India Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days22371913112930392326219
Inventory Days1058393718286756233667950
Days Payable3047405063578095100198228281
Cash Conversion Cycle977472333058265-45-106-128-222
Working Capital Days614845162423018-24-87-93-134
ROCE %-2%2%12%7%14%15%7%10%-4%-8%6%-15%

Patspin India Ltd Financial Efficiency Indicators Chart

Patspin India Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters65.00%65.00%65.00%65.00%65.00%65.00%65.00%65.00%65.00%65.00%65.00%65.00%
DIIs0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%
Public34.99%34.99%34.99%34.99%34.99%34.99%34.99%34.99%34.99%34.98%34.99%34.98%
No. of Shareholders14,47514,31614,56214,57214,68414,66214,56614,24214,02813,93613,92213,760

Patspin India Ltd Shareholding Pattern Chart

No. of Patspin India Ltd Shareholders

This stock is not held by any mutual fund

Patspin India Ltd ROCE Trend

Patspin India Ltd EPS Trend

Patspin India Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-5.94-4.44-12.39-7.88-0.87
Diluted EPS (Rs.)-5.94-4.44-12.39-7.88-0.87
Cash EPS (Rs.)-3.56-1.05-8.97-4.422.58
Book Value[Excl.RevalReserv]/Share (Rs.)-5.59-20.86-2.09-4.463.52
Book Value[Incl.RevalReserv]/Share (Rs.)-5.59-6.38-2.0910.8618.84
Revenue From Operations / Share (Rs.)24.2246.3547.90127.12177.40
PBDIT / Share (Rs.)-2.516.34-1.240.4811.86
PBIT / Share (Rs.)-4.833.06-4.54-2.868.52
PBT / Share (Rs.)-5.87-4.33-12.28-11.70-0.98
Net Profit / Share (Rs.)-5.87-4.33-12.28-7.77-0.76
PBDIT Margin (%)-10.3713.67-2.580.386.68
PBIT Margin (%)-19.926.60-9.48-2.244.80
PBT Margin (%)-24.23-9.33-25.63-9.20-0.55
Net Profit Margin (%)-24.23-9.33-25.63-6.11-0.43
Return on Networth / Equity (%)0.000.000.000.00-21.69
Return on Capital Employeed (%)-32.42193.90-39.82-9.3620.32
Return On Assets (%)-18.57-6.48-16.66-8.88-0.67
Long Term Debt / Equity (X)-3.470.00-3.06-3.025.02
Total Debt / Equity (X)-4.44-2.25-22.55-9.5915.31
Asset Turnover Ratio (%)0.490.660.591.271.55
Current Ratio (X)0.180.100.180.370.66
Quick Ratio (X)0.110.060.110.220.35
Inventory Turnover Ratio (X)3.773.463.515.134.72
Interest Coverage Ratio (X)-0.730.85-0.160.051.25
Interest Coverage Ratio (Post Tax) (X)-1.420.41-0.580.120.92
Enterprise Value (Cr.)103.78193.99176.06153.86202.03
EV / Net Operating Revenue (X)1.391.351.190.390.36
EV / EBITDA (X)-13.369.90-45.92101.735.51
MarketCap / Net Operating Revenue (X)0.380.210.100.030.05
Price / BV (X)-1.68-0.47-2.29-0.872.93
Price / Net Operating Revenue (X)0.380.210.100.030.05
EarningsYield-0.62-0.43-2.56-1.99-0.07

Patspin India Ltd Profitability Ratios (%)

Patspin India Ltd Liquidity Ratios

Patspin India Ltd Liquidity Ratios (%)

Patspin India Ltd Interest Coverage Ratios (%)

Patspin India Ltd Valuation Ratios

Fair Value / Intrinsic Value of Patspin India Ltd

Fair Value: ₹18.02

The stock is undervalued by 32.47% compared to the current price ₹13.6

*Investments are subject to market risks

Strength and Weakness of Patspin India Ltd

StrengthWeakness
  1. The stock has a low average Working Capital Days of -6.33, which is a positive sign.
  2. The stock has a low average Cash Conversion Cycle of -8.83, which is a positive sign.
  1. The stock is trading at a high valuation with an average P/B ratio of -0.13 and average Dividend Yield of -13.79%.
  2. The stock has a low average ROCE of 3.67%, which may not be favorable.
  3. The company has higher borrowings (14.46) compared to reserves (-16.77), which may suggest financial risk.
  4. The company has not shown consistent growth in sales (382.08) and profit (-12.92).

Should I Buy Patspin India Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Patspin India Ltd:
    1. Net Profit Margin: -24.23%
      • 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: -32.42% (Industry Average ROCE: 5.75%)
      • 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): -1.42
      • 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: 0.11
      • 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 of N/A (Industry average Stock P/E: 21.2)
      • 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: -4.44
      • 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

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 Patspin India 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