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Last Updated on: 27 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of SKS Textiles Ltd

About the Company - SKS Textiles Ltd

SKS Textiles Ltd. is a Public Limited Listed company incorporated on 20/10/1997 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L17000MH1997PLC111406 and registration number is 111406. Currently Company is involved in the business activities of Weaving, manufacture of cotton and cotton mixture fabrics.. Company’s Total Operating Revenue is Rs. 0.59 Cr. and Equity Capital is Rs. 3.26 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Textiles - Readymade ApparelsH No. 1246/1K, GALA: 1-9, 1st Floor, Blndg B- Thane Maharashtra 421302pierricarlo@hotmail.com
https://www.sks-textile.com
Management
NamePosition Held
Mr. Sukanraj Bhabutmal ShahChairman & Wholetime Director
Mr. Vicky Sukanraj ShahManaging Director & CFO
Mr. Nokhelal Duij VarmaInd. Non-Executive Director
Mr. Mihir M ManekInd. Non-Executive Director

SKS Textiles Ltd. Share Price Update

Share PriceValue
Today₹13.05
Previous Day₹13.05

Basic Stock Data of SKS Textiles Ltd

Market Cap 4.25 Cr.
Current Price 13.0
High / Low17.4/13.0
Stock P/E
Book Value 167
Dividend Yield0.00 %
ROCE42.6 %
ROE%
Face Value 10.0

Data Source: screener.in

Competitors of SKS Textiles Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Globe Textiles (India) Ltd 133 Cr. 4.404.92/1.7225.5 1.900.00 %11.4 %8.58 % 2.00
SPL Industries Ltd 195 Cr. 67.380.8/53.316.9 66.60.00 %18.7 %13.6 % 10.0
Page Industries Ltd 40,586 Cr. 36,40043,599/34,95375.2 1,3720.69 %53.8 %46.4 % 10.0
Monte Carlo Fashions Ltd 1,331 Cr. 642918/53013.3 3563.13 %20.4 %18.1 % 10.0
Suumaya Industries Ltd 52.4 Cr. 8.3523.4/6.60 1110.00 %31.7 %47.2 % 10.0
Industry Average8,459.48 Cr7,424.4126.18381.500.76%27.20%26.78%8.40

SKS Textiles Ltd Quarterly Results

Month
Sales
Expenses
Operating Profit
OPM %
Other Income
Interest
Depreciation
Profit before tax
Tax %
Net Profit
EPS in Rs

SKS Textiles Ltd Quarterly Chart

SKS Textiles Ltd Profit & Loss

MonthMar 2011Mar 2012Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Sales92106119131147157163174188221
Expenses91104111123138148153164191809
Operating Profit1297991010-4-59-8
OPM %1%2%7%6%6%5%6%6%-2%-272%-1,346%
Other Income001112110-11
Interest00656666673
Depreciation00221222221
Profit before tax12223333-11-68-12
Tax %31%29%32%28%44%40%36%27%2%2%1%
Net Profit11111222-11-67-11
EPS in Rs12.8616.9910.6210.6214.1315.596.017.12-32.92-206.39-35.19
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%

SKS Textiles Ltd Profit & Loss Yearly Chart

SKS Textiles Ltd Growth

Compounded Sales Growth
10 Years:-40%
5 Years:-67%
3 Years:-85%
TTM:-97%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:82%
Stock Price CAGR
10 Years:%
5 Years:-19%
3 Years:-22%
1 Year:-28%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

SKS Textiles Ltd Balance Sheet

MonthMar 2011Mar 2012Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Equity Capital11111133333
Reserves152025262728353726-41-53
Borrowings2227403845474548546364
Other Liabilities79182031253322391918
Total Liabilities455784851051021161101224433
Fixed Assets12112419191817151398
CWIP00000000000
Investments00000000000
Other Assets32466165858399951093525
Total Assets455784851051021161101224433

SKS Textiles Ltd Reserves and Borrowings Chart

SKS Textiles Ltd Cash Flow

MonthMar 2011Mar 2012Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Cash from Operating Activity 00241-4-00-100
Cash from Investing Activity 0013-1111100
Cash from Financing Activity 00-2-812-0-1000
Net Cash Flow000-01-1-00000

SKS Textiles Ltd Financial Efficiency Indicators

MonthMar 2011Mar 2012Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Debtor Days48817258947993759046012,243
Inventory Days1091171061081261283860
Days Payable55537451683910035,666
Cash Conversion Cycle488112612312613615116390363-22,562
Working Capital Days1041261291271101301441521352213,897
ROCE %4%10%12%12%11%10%-5%-110%-43%

SKS Textiles Ltd Financial Efficiency Indicators Chart

SKS Textiles Ltd Share Holding Pattern

MonthMar 2023
Promoters50.99%
Public49.01%
No. of Shareholders292

SKS Textiles Ltd Shareholding Pattern Chart

No. of SKS Textiles Ltd Shareholders

This stock is not held by any mutual fund

SKS Textiles Ltd ROCE Trend

SKS Textiles Ltd EPS Trend

SKS Textiles Ltd Key Financial Ratios

MonthMar 22Mar 21Mar 20Mar 19Mar 18
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-35.00-206.00-33.007.136.69
Diluted EPS (Rs.)-35.00-206.00-33.007.136.01
Cash EPS (Rs.)-31.74-200.81-27.7912.3811.18
Book Value[Excl.RevalReserv]/Share (Rs.)-152.20-116.7389.94123.15116.31
Book Value[Incl.RevalReserv]/Share (Rs.)-152.20-116.7389.94123.15116.31
Revenue From Operations / Share (Rs.)1.8266.23575.83532.88498.99
PBDIT / Share (Rs.)-22.23-184.07-11.8730.4330.65
PBIT / Share (Rs.)-25.67-189.64-16.9825.1825.48
PBT / Share (Rs.)-35.47-209.56-33.619.819.51
Net Profit / Share (Rs.)-35.18-206.37-32.917.136.01
PBDIT Margin (%)-1219.96-277.91-2.065.706.14
PBIT Margin (%)-1408.81-286.31-2.944.725.10
PBT Margin (%)-1946.75-316.40-5.831.841.90
Net Profit Margin (%)-1930.93-311.58-5.711.331.20
Return on Networth / Equity (%)0.000.00-36.585.795.16
Return on Capital Employeed (%)22.35237.36-15.5518.4620.04
Return On Assets (%)-34.93-153.21-8.782.101.69
Long Term Debt / Equity (X)-0.21-0.280.120.030.02
Total Debt / Equity (X)-1.26-1.601.801.171.13
Asset Turnover Ratio (%)0.010.261.611.541.50
Current Ratio (X)0.350.491.251.441.32
Quick Ratio (X)0.350.490.610.620.65
Inventory Turnover Ratio (X)0.000.000.003.033.30
Interest Coverage Ratio (X)-2.20-9.10-0.701.941.88
Interest Coverage Ratio (Post Tax) (X)-2.51-9.22-0.961.441.35
Enterprise Value (Cr.)69.1467.2062.3356.7459.98
EV / Net Operating Revenue (X)116.433.110.330.320.36
EV / EBITDA (X)-9.54-1.12-16.125.726.00
MarketCap / Net Operating Revenue (X)11.530.380.060.060.11
Price / BV (X)-0.13-0.210.390.290.50
Price / Net Operating Revenue (X)11.530.380.060.060.11
EarningsYield-1.68-8.17-0.930.190.10

SKS Textiles Ltd Profitability Ratios (%)

SKS Textiles Ltd Liquidity Ratios

SKS Textiles Ltd Liquidity Ratios (%)

SKS Textiles Ltd Interest Coverage Ratios (X)

SKS Textiles Ltd Valuation Ratios

Fair Value / Intrinsic Value of SKS Textiles Ltd

Fair Value: ₹383.27

The stock is undervalued by 2,848.19% compared to the current price ₹13

*Investments are subject to market risks

Strength and Weakness of SKS Textiles Ltd

StrengthWeakness
    1. The stock is trading at a high valuation with an average P/B ratio of -36.33 and average Dividend Yield of -453.05%.
    2. The stock has a low average ROCE of -9.00%, which may not be favorable.
    3. The stock has a high average Working Capital Days of 125.55, which may not be favorable.
    4. The stock has a high average Cash Conversion Cycle of 125.91, which may not be favorable.
    5. The company has higher borrowings (44.82) compared to reserves (13.18), which may suggest financial risk.
    6. The company has not shown consistent growth in sales (118.18) and profit (-6.55).

    Should I Buy SKS Textiles Ltd Share Now?

    • Considering various financial indicators, investors might exercise caution regarding investment in SKS Textiles Ltd:
      1. Net Profit Margin: -1930.93%
        • 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: 22.35% (Industry Average ROCE: 22.62%)
        • 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): -2.51
        • 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: 0.35
        • 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: 14.52)
        • 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: -1.26
        • 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 SKS Textiles 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