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Last Updated on: 04 March, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Shekhawati Poly-Yarn Ltd

About the Company - Shekhawati Poly-Yarn Ltd

Shekhawati Poly Yarn Ltd. is a Public Limited Listed company incorporated on 05/11/1990 and has its registered office in the State of Dadra & Nagar Haveli, India. Company’s Corporate Identification Number(CIN) is L17120DN1990PLC000440 and registration number is 000440. Currently Company is involved in the business activities of Manufacture of synthetic or artificial filament yarn, tenacity yarn whether or not textured including high tenacity yarn. Company’s Total Operating Revenue is Rs. 363.26 Cr. and Equity Capital is Rs. 34.47 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Textiles - Processing/TexturisingPlot No. 185/1, Naroli Village, Silvassa Dadra & Nagar Haveli 396235info@shekhawatiyarn.com
http://www.shekhawatiyarn.com
Management
NamePosition Held
Mr. Mukesh Ramniranjan RuiaChairman & Managing Director
Mr. Ravi JogiWhole Time Director
Mr. Nirmal BagriInd. Non-Executive Director
Mrs. Shweta MundraInd. Non-Executive Director
Mrs. Sudha AgarwalInd. Non-Executive Director
Mr. Sushil Kumar PoddarInd. Non-Executive Director

Shekhawati Poly Yarn Ltd. Share Price Update

Share PriceValue
Today₹2.17
Previous Day₹2.13

Basic Stock Data of Shekhawati Poly-Yarn Ltd

Market Cap 74.1 Cr.
Current Price 2.15
High / Low2.70/0.40
Stock P/E12.0
Book Value 4.08
Dividend Yield0.00 %
ROCE32.2 %
ROE%
Face Value 1.00

Data Source: screener.in

Competitors of Shekhawati Poly-Yarn Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
AYM Syntex Ltd 468 Cr. 92.495.4/52.5414 80.00.00 %6.84 %1.88 % 10.0
Weizmann Ltd 171 Cr. 108155/75.020.8 43.20.47 %12.3 %6.61 % 10.0
Raj Rayon Industries Ltd 1,630 Cr. 29.391.2/15.0492 1.950.00 %6.99 %12.4 % 1.00
AK Spintex Ltd 74.5 Cr. 148169/77.29.08 68.40.00 %27.5 %27.2 % 10.0
Mohit Industries Ltd 31.2 Cr. 22.024.9/11.0 1550.00 %1.49 %0.92 % 10.0
Industry Average474.94 Cr79.94187.1869.710.09%11.02%9.80%8.20

Shekhawati Poly-Yarn Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales8.0512.278.3973.80141.96139.11132.51100.9225.5342.7915.6114.8713.11
Expenses8.1210.619.0374.64147.57148.68138.57107.5426.4043.1615.6416.5513.63
Operating Profit-0.071.66-0.64-0.84-5.61-9.57-6.06-6.62-0.87-0.37-0.03-1.68-0.52
OPM %-0.87%13.53%-7.63%-1.14%-3.95%-6.88%-4.57%-6.56%-3.41%-0.86%-0.19%-11.30%-3.97%
Other Income0.480.740.310.190.380.640.570.610.560.210.1312.135.13
Interest0.050.110.040.000.020.030.010.010.010.030.010.010.01
Depreciation2.402.362.322.252.242.342.222.372.342.232.162.152.24
Profit before tax-2.04-0.07-2.69-2.90-7.49-11.30-7.72-8.39-2.66-2.42-2.078.292.36
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-2.04-0.07-2.69-2.90-7.49-11.30-7.72-8.38-2.66-2.41-2.088.292.36
EPS in Rs-0.06-0.00-0.08-0.08-0.22-0.33-0.22-0.24-0.08-0.07-0.060.240.07

Shekhawati Poly-Yarn Ltd Quarterly Chart

Shekhawati Poly-Yarn Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales210.05239.80351.88354.26225.3892.87144.25147.14162.7628.69363.26301.7386.38
Expenses189.60212.10317.99321.78229.0093.05149.06147.20174.6531.65379.92315.6588.98
Operating Profit20.4527.7033.8932.48-3.62-0.18-4.81-0.06-11.89-2.96-16.66-13.92-2.60
OPM %9.74%11.55%9.63%9.17%-1.61%-0.19%-3.33%-0.04%-7.31%-10.32%-4.59%-4.61%-3.01%
Other Income0.920.750.322.34-67.08-45.181.000.790.741.311.521.9617.60
Interest8.8311.8612.7513.1822.120.430.160.200.200.240.090.070.06
Depreciation5.979.9610.669.9311.5710.379.999.769.759.559.159.158.78
Profit before tax6.576.6310.8011.71-104.39-56.16-13.96-9.23-21.10-11.44-24.38-21.186.16
Tax %32.72%31.98%34.81%38.86%0.00%0.07%-0.29%0.00%0.00%0.00%0.00%0.00%
Net Profit4.424.517.057.16-104.39-56.12-13.99-9.23-21.10-11.44-24.38-21.186.16
EPS in Rs0.200.200.320.33-3.48-1.63-0.41-0.27-0.61-0.33-0.71-0.610.18
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Shekhawati Poly-Yarn Ltd Profit & Loss Yearly Chart

Shekhawati Poly-Yarn Ltd Growth

Compounded Sales Growth
10 Years:2%
5 Years:16%
3 Years:23%
TTM:-78%
Compounded Profit Growth
10 Years:%
5 Years:-13%
3 Years:0%
TTM:120%
Stock Price CAGR
10 Years:2%
5 Years:56%
3 Years:72%
1 Year:360%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Shekhawati Poly-Yarn Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital22.0122.0122.0122.0129.9934.4734.4734.4734.4734.4734.4734.4734.47
Reserves40.0544.5651.6158.72-27.23-79.91-93.97-103.24-124.24-135.56-159.98-181.38-175.16
Borrowings99.45111.69127.90145.12197.89194.19192.36191.56190.90203.93202.05201.57201.15
Other Liabilities13.0025.0522.8884.8051.5120.3114.0017.6114.783.1569.3853.5843.65
Total Liabilities174.51203.31224.40310.65252.16169.06146.86140.40115.91105.99145.92108.24104.11
Fixed Assets94.64110.33100.00114.71134.82126.49116.52106.7997.5988.0780.9173.5669.26
CWIP11.098.1410.0012.876.376.376.376.376.376.370.000.000.00
Investments0.000.001.000.000.000.000.000.000.000.000.000.000.00
Other Assets68.7884.84113.40183.07110.9736.2023.9727.2411.9511.5565.0134.6834.85
Total Assets174.51203.31224.40310.65252.16169.06146.86140.40115.91105.99145.92108.24104.11

Shekhawati Poly-Yarn Ltd Reserves and Borrowings Chart

AK Spintex Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 6.2627.77-0.3412.41-44.053.940.90-0.071.33-1.624.762.41
Cash from Investing Activity -40.79-23.50-2.96-50.24-2.34-2.381.170.96-0.460.14-1.28-1.70
Cash from Financing Activity 31.61-4.363.4138.0346.24-1.62-2.00-1.00-0.851.48-2.69-0.55
Net Cash Flow-2.92-0.090.110.19-0.14-0.060.07-0.110.010.000.800.17

Shekhawati Poly-Yarn Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days59.5264.7567.7788.63115.6360.4122.3429.226.5054.0718.6723.35
Inventory Days23.6218.9418.4919.915.4621.4914.8219.093.0836.2439.791.65
Days Payable4.0323.3310.6843.1913.1228.941.7614.506.96249.8078.6874.63
Cash Conversion Cycle79.1160.3675.5765.34107.9852.9635.4133.812.63-159.49-20.22-49.63
Working Capital Days85.6077.6183.97101.08103.24-97.74-224.49-219.68-224.8271.75-8.90-31.54
ROCE %10.75%10.88%12.39%11.63%-6.59%-5.82%-9.80%-7.06%-18.68%-10.98%-27.08%-32.18%

Shekhawati Poly-Yarn Ltd Financial Efficiency Indicators Chart

Shekhawati Poly-Yarn Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters57.49%57.49%57.49%57.49%57.49%57.49%57.49%57.49%57.49%57.49%57.49%57.49%
Public42.51%42.51%42.51%42.51%42.51%42.51%42.52%42.52%42.51%42.51%42.51%42.50%
No. of Shareholders10,77911,25510,98310,88910,78310,82810,79110,77010,78210,74610,72111,474

Shekhawati Poly-Yarn Ltd Shareholding Pattern Chart

No. of Shekhawati Poly-Yarn Ltd Shareholders

This stock is not held by any mutual fund

Shekhawati Poly-Yarn Ltd ROCE Trend

Shekhawati Poly-Yarn Ltd EPS Trend

Shekhawati Poly-Yarn Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)-0.62-0.71-0.33-0.61-0.27
Diluted EPS (Rs.)-0.62-0.71-0.33-0.61-0.27
Cash EPS (Rs.)-0.34-0.44-0.05-0.320.01
Book Value[Excl.RevalReserv]/Share (Rs.)-4.26-3.64-2.93-2.60-1.99
Book Value[Incl.RevalReserv]/Share (Rs.)-4.26-3.64-2.93-2.60-1.99
Revenue From Operations / Share (Rs.)8.7510.540.834.724.28
PBDIT / Share (Rs.)-0.34-0.43-0.04-0.320.02
PBIT / Share (Rs.)-0.61-0.70-0.32-0.60-0.26
PBT / Share (Rs.)-0.61-0.70-0.33-0.61-0.26
Net Profit / Share (Rs.)-0.61-0.70-0.33-0.61-0.26
PBDIT Margin (%)-3.96-4.16-5.75-6.850.49
PBIT Margin (%)-6.99-6.68-39.03-12.84-6.12
PBT Margin (%)-7.01-6.71-39.87-12.96-6.26
Net Profit Margin (%)-7.01-6.71-39.87-12.96-6.27
Return on Capital Employeed (%)14.4619.4911.2523.7113.45
Return On Assets (%)-19.56-16.70-10.79-18.20-6.58
Long Term Debt / Equity (X)0.000.00-0.01-0.01-0.01
Total Debt / Equity (X)-1.37-1.60-0.97-1.08-1.41
Asset Turnover Ratio (%)2.372.880.251.271.03
Current Ratio (X)0.110.220.040.040.11
Quick Ratio (X)0.100.090.040.030.08
Inventory Turnover Ratio (X)12.0520.655.9434.4422.37
Interest Coverage Ratio (X)-173.61-165.41-6.82-56.263.58
Interest Coverage Ratio (Post Tax) (X)-306.42-265.42-46.21-105.41-44.26
Enterprise Value (Cr.)221.61225.20111.16104.89108.70
EV / Net Operating Revenue (X)0.730.613.870.640.73
EV / EBITDA (X)-18.53-14.88-67.28-9.40148.69
MarketCap / Net Operating Revenue (X)0.070.060.440.050.08
Price / BV (X)-0.14-0.19-0.12-0.09-0.17
Price / Net Operating Revenue (X)0.070.060.440.050.08
EarningsYield-0.97-0.98-0.89-2.55-0.76

Shekhawati Poly-Yarn Ltd Profitability Ratios (%)

Shekhawati Poly-Yarn Ltd Liquidity Ratios

Shekhawati Poly-Yarn Ltd Liquidity Ratios (%)

Shekhawati Poly-Yarn Ltd Interest Coverage Ratios (X)

Shekhawati Poly-Yarn Ltd Valuation Ratios

Fair Value / Intrinsic Value of Shekhawati Poly-Yarn Ltd

Fair Value: ₹7.49

The stock is undervalued by 248.41% compared to the current price ₹2.15

*Investments are subject to market risks

Strength and Weakness of Shekhawati Poly-Yarn Ltd

StrengthWeakness
  1. The stock has a low average Working Capital Days of -23.66, which is a positive sign.
  1. The stock is trading at a high valuation with an average P/B ratio of -0.50 and average Dividend Yield of -14.56%.
  2. The stock has a low average ROCE of -6.05%, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 23.65, which may not be favorable.
  4. The company has higher borrowings (173.83) compared to reserves (-68.13), which may suggest financial risk.
  5. The company has not shown consistent growth in sales (208.34) and profit (-16.92).

Should I Buy AK Spintex Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Shekhawati Poly-Yarn Ltd:
    1. Net Profit Margin: -7.01%
      • 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: 14.46% (Industry Average ROCE: 12.04%)
      • 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): -306.42
      • 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: 0.10
      • 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: 12.1 (Industry average Stock P/E: 102.7)
      • 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: -1.37
      • 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 Shekhawati Poly-Yarn 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