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Last Updated on: 24 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Shiva Texyarn Ltd

About the Company - Shiva Texyarn Ltd

Shiva Texyarn Ltd. is a Public Limited Listed company incorporated on 28/05/1980 and has its registered office in the State of Tamil Nadu, India. Company’s Corporate Identification Number(CIN) is L65921TZ1980PLC000945 and registration number is 000945. 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. 477.07 Cr. and Equity Capital is Rs. 12.96 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Textiles - Spinning - Cotton Blended52, East Bashyakaralu Road, R S Puram, Coimbatore Tamil Nadu 641002secretary@shivatex.co.in
https://www.shivatex.in
Management
NamePosition Held
Mr. S V AlagappanChairman
Mr. S K SundararamanManaging Director
Dr. S V KandasamiDirector
Mrs. S Sujana AbiramiDirector
Mr. S MarusamyDirector
Mr. A DhananjayanDirector
Mr. D Satish KrishnanDirector
Mrs. V BhuvaneshwariDirector

Shiva Texyarn Ltd. Share Price Update

Share PriceValue
Today₹170.95
Previous Day₹173.00

Basic Stock Data of Shiva Texyarn Ltd

Market Cap 213 Cr.
Current Price 164
High / Low201/107
Stock P/E
Book Value 97.0
Dividend Yield0.00 %
ROCE%
ROE%
Face Value 10.0

Data Source: screener.in

Competitors of Shiva Texyarn Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Padam Cotton Yarns Ltd 19.4 Cr. 50.157.0/13.6 12.20.00 %83.3 %61.6 % 10.0
Suryalakshmi Cotton Mills Ltd 153 Cr. 81.289.5/43.418.6 1410.00 %10.3 %5.91 % 10.0
Pashupati Cotspin Ltd 156 Cr. 102128/90.042.3 72.30.73 %5.59 %3.74 % 10.0
Vardhman Textiles Ltd (VTL) 12,576 Cr. 435456/27021.3 3060.80 %11.5 %9.74 % 2.00
Nitin Spinners Ltd 2,067 Cr. 368440/20215.8 1910.67 %11.9 %17.2 % 10.0
Industry Average68.48 Cr207.2619.6144.50.44%24.52%19.64%8.4

Shiva Texyarn Ltd Quarterly Results

MonthMar 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Sep 2022Jun 2023Sep 2023
Sales119.39118.95131.74133.03175.02122.72149.3291.1490.1698.73
Expenses108.07103.71112.32117.33156.29104.73133.8888.2690.4193.13
Operating Profit11.3215.2419.4215.7018.7317.9915.442.88-0.255.60
OPM %9.48%12.81%14.74%11.80%10.70%14.66%10.34%3.16%-0.28%5.67%
Other Income0.400.140.111.550.710.100.290.020.510.47
Interest6.686.216.416.727.576.606.714.282.912.94
Depreciation4.074.494.504.324.384.554.533.893.713.53
Profit before tax0.974.688.626.217.496.944.49-5.27-6.36-0.40
Tax %22.68%8.97%17.52%18.36%50.47%13.11%28.73%19.73%7.23%-545.00%
Net Profit0.764.267.125.083.706.033.20-4.24-5.90-2.59
EPS in Rs0.351.973.302.351.712.791.48-3.27-4.55-2.00

Shiva Texyarn Ltd Quarterly Chart

Shiva Texyarn Ltd Profit & Loss

MonthMar 2017Mar 2023
Sales553411
Expenses483403
Operating Profit698
OPM %12%2%
Other Income216
Interest2713
Depreciation1814
Profit before tax27-3
Tax %44%-90%
Net Profit15-7
EPS in Rs6.97-5.04
Dividend Payout %0%0%

Shiva Texyarn Ltd Profit & Loss Yearly Chart

Shiva Texyarn Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:%
TTM:%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:%
Stock Price CAGR
10 Years:18%
5 Years:3%
3 Years:7%
1 Year:40%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Shiva Texyarn Ltd Balance Sheet

MonthMar 2017Mar 2023Sep 2023
Equity Capital221313
Reserves152113
Borrowings234115
Other Liabilities11075
Total Liabilities517315
Fixed Assets296191
CWIP00
Investments12
Other Assets221122
Total Assets517315

Shiva Texyarn Ltd Reserves and Borrowings Chart

Shiva Texyarn Ltd Cash Flow

MonthMar 2017Mar 2023
Cash from Operating Activity 5767
Cash from Investing Activity -15-6
Cash from Financing Activity -39-64
Net Cash Flow3-2

Shiva Texyarn Ltd Financial Efficiency Indicators

MonthMar 2017Mar 2023
Debtor Days38
Inventory Days116
Days Payable50
Cash Conversion Cycle104
Working Capital Days50
ROCE %

Shiva Texyarn Ltd Financial Efficiency Indicators Chart

Shiva Texyarn Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters74.04%74.04%74.04%74.04%74.04%74.04%74.04%74.04%74.04%74.04%74.04%74.04%
FIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.03%0.00%
DIIs0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Public25.96%25.96%25.96%25.96%25.96%25.96%25.94%25.96%25.96%25.95%25.93%25.96%
No. of Shareholders6,8587,9488,7979,45910,52210,61410,51910,2739,9159,5349,6159,332

Shiva Texyarn Ltd Shareholding Pattern Chart

No. of Shiva Texyarn Ltd Shareholders

This stock is not held by any mutual fund

Shiva Texyarn Ltd ROCE Trend

Shiva Texyarn Ltd EPS Trend

Shiva Texyarn Ltd Key Financial Ratios

MonthMar 17Mar 16Mar 15
FaceValue10.0010.0010.00
Basic EPS (Rs.)6.965.024.12
Diluted EPS (Rs.)6.965.024.12
Cash EPS (Rs.)15.1612.9311.93
Book Value[Excl.RevalReserv]/Share (Rs.)80.5473.5569.86
Book Value[Incl.RevalReserv]/Share (Rs.)80.5473.5569.86
Revenue From Operations / Share (Rs.)258.62208.25215.37
PBDIT / Share (Rs.)33.1425.5225.56
PBIT / Share (Rs.)24.9517.6117.75
PBT / Share (Rs.)12.506.735.89
Net Profit / Share (Rs.)6.975.024.12
NP After MI And SOA / Share (Rs.)6.975.024.12
PBDIT Margin (%)12.8112.2511.86
PBIT Margin (%)9.648.458.24
PBT Margin (%)4.833.232.73
Net Profit Margin (%)2.692.411.91
NP After MI And SOA Margin (%)2.692.411.91
Return on Networth / Equity (%)8.656.825.89
Return on Capital Employeed (%)18.9113.1213.27
Return On Assets (%)2.912.251.91
Long Term Debt / Equity (X)0.370.550.62
Total Debt / Equity (X)1.111.281.27
Asset Turnover Ratio (%)0.910.950.00
Current Ratio (X)0.820.800.75
Quick Ratio (X)0.340.800.75
Inventory Turnover Ratio (X)7.286.040.00
Dividend Payout Ratio (NP) (%)0.0021.9124.29
Dividend Payout Ratio (CP) (%)0.008.508.38
Earning Retention Ratio (%)0.0078.0975.71
Cash Earning Retention Ratio (%)0.0091.5091.62
Interest Coverage Ratio (X)2.662.352.17
Interest Coverage Ratio (Post Tax) (X)1.561.461.36
Enterprise Value (Cr.)971.03419.19269.52
EV / Net Operating Revenue (X)1.740.930.57
EV / EBITDA (X)13.567.604.88
MarketCap / Net Operating Revenue (X)1.410.490.18
Retention Ratios (%)0.0078.0875.70
Price / BV (X)4.531.410.56
Price / Net Operating Revenue (X)1.410.490.18
EarningsYield0.010.040.10

Shiva Texyarn Ltd Profitability Ratios (%)

Shiva Texyarn Ltd Liquidity Ratios

Shiva Texyarn Ltd Liquidity Ratios (%)

Shiva Texyarn Ltd Interest Coverage Ratios (X)

Shiva Texyarn Ltd Valuation Ratios

Fair Value / Intrinsic Value of Shiva Texyarn Ltd

Fair Value: ₹222.62

The stock is undervalued by 35.74% compared to the current price ₹164

*Investments are subject to market risks

Strength and Weakness of Shiva Texyarn Ltd

StrengthWeakness
  1. The stock has a low average Working Capital Days of 25.00, which is a positive sign.
  2. The company has shown consistent growth in sales (482.00 cr) and profit (12.00 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 20.10 and average Dividend Yield of 8.78%.
  2. The stock has a low average ROCE of 0.00%, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 52.00, which may not be favorable.
  4. The company has higher borrowings (116.33) compared to reserves (88.33), which may suggest financial risk.

Should I Buy Shiva Texyarn Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Shiva Texyarn Ltd:
    1. Net Profit Margin: 2.69%
      • 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: 18.91% (Industry Average ROCE: 12.84%)
      • 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): 1.56
      • 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: 0.34
      • 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: 24.98)
      • 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: 1.11
      • 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 Shiva Texyarn 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