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Last Updated on: 22 May, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 521082 | NSE: SPENTEX

Fundamental Analysis of Spentex Industries Ltd

Basic Stock Data

Last Updated: May 22, 2024, 8:57 am

Market Cap 25.1 Cr.
Current Price 2.80
High / Low3.55/1.30
Stock P/E
Book Value 61.1
Dividend Yield0.00 %
ROCE%
ROE%
Face Value 10.0
PEG Ratio0.00

Data Source: screener.in

Competitors of Spentex Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Maral Overseas Ltd 301 Cr. 72.6102/44.2 31.70.00 %4.55 %7.17 % 10.0
Vardhman Polytex Ltd 300 Cr. 11.012.3/4.50 13.80.00 %33.7 %% 1.00
Nahar Polyfilms Ltd 464 Cr. 189271/17753.1 3270.79 %5.33 %5.08 % 5.00
Trident Ltd 19,416 Cr. 38.152.9/31.655.6 8.470.94 %10.5 %8.21 % 1.00
Lagnam Spintex Ltd 244 Cr. 138163/40.516.7 61.70.00 %9.43 %14.3 % 10.0
Industry Average4,145.00 Cr89.7425.0888.530.35%12.70%6.95%5.40

Quarterly Result

MonthSep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019
Sales21116119614113898106926956291312
Expenses221178233151138112114918269612727
Operating Profit-10-17-37-100-13-81-14-13-33-14-16
OPM %-5%-11%-19%-7%0%-13%-7%1%-20%-24%-113%-109%-133%
Other Income215110-96-162824146
Interest2020-152331220121
Depreciation3333323332222
Profit before tax-31-3927-14-5-114-28-2-11-145-15-13
Tax %0%0%0%0%0%0%2%0%0%0%0%0%0%
Net Profit-31-3927-14-5-114-28-2-11-145-15-13
EPS in Rs-3.43-4.352.96-1.60-0.56-12.67-3.07-0.19-1.18-1.540.55-1.62-1.42

Last Updated: May 10, 2024, 4:01 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: May 2, 2024, 10:47 am

MonthMar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2022Mar 2023
Sales7301,0609671,1291,14289079877848024500
Expenses6989121,0141,0231,06787880084251830022
Operating Profit32148-461067511-2-65-37-55-2-2
OPM %4%14%-5%9%7%1%-0%-8%-8%-22%
Other Income504-33181317958-1105100
Interest698085778179775110700
Depreciation3534332618121111111099
Profit before tax-2238-19821-12-62-81-68-168-21-11-11
Tax %-0%0%-2%0%0%-1%0%0%0%0%0%0%
Net Profit-2238-20121-12-63-81-68-168-21-11-11
EPS in Rs-3.034.61-24.192.33-1.32-6.99-9.01-7.63-18.68-2.36-1.28-1.22
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2010-20112011-20122012-20132013-20142014-20152015-20162016-20172017-20182018-20192022-2023
YoY Net Profit Growth (%)272.73%-628.95%110.45%-157.14%-425.00%-28.57%16.05%-147.06%87.50%0.00%
Change in YoY Net Profit Growth (%)0.00%-901.67%739.40%-267.59%-267.86%396.43%44.62%-163.11%234.56%-87.50%

Growth

Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:%
TTM:%
Compounded Profit Growth
10 Years:%
5 Years:12%
3 Years:%
TTM:5%
Stock Price CAGR
10 Years:-6%
5 Years:10%
3 Years:41%
1 Year:100%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Last Updated: May 13, 2024, 6:42 am

Balance Sheet

Last Updated: May 2, 2024, 10:47 am

MonthMar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2022Mar 2023
Equity Capital748183889090909090909090
Reserves-538-163-142-154-207-288-356-527-560-627-638
Borrowings520466486492480442565523525522536536
Other Liabilities142207181189190218157172166192214216
Total Liabilities731791588628606542524428254244212203
Fixed Assets296273242220205193183173163153124115
CWIP010000000000
Investments78777777777777200000
Other Assets35644026833132327226323591918888
Total Assets731791588628606542524428254244212203

Reserves and Borrowings Chart

Cash Flow

MonthMar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2022Mar 2023
Cash from Operating Activity 419976619110426177-4-0
Cash from Investing Activity 61-1-3-2-0-011-00-0
Cash from Financing Activity -46-104-75-56-90-106-0-63-7-7-0-0
Net Cash Flow2-302-2-11-11-1-4-0

Free Cash Flow

MonthMar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2022Mar 2023
Free Cash Flow-488.00-318.00-532.00-386.00-405.00-431.00-567.00-588.00-562.00-577.00-538.00-538.00

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

Financial Efficiency Indicators

MonthMar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2022Mar 2023
Debtor Days552617131113211879
Inventory Days41712243493630352513
Days Payable868360615487355466142
Cash Conversion Cycle1014-21-65-3816-1-34-121
Working Capital Days10611-39-25-20-61-102-24-205-479
ROCE %8%23%-13%24%16%4%-1%1%-21%-27%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Jun 2023Sep 2023Dec 2023Mar 2024
Promoters42.10%42.10%42.10%42.10%42.10%42.10%42.10%42.10%42.10%42.10%42.10%42.10%
DIIs0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.02%0.02%0.02%0.02%
Public57.87%57.87%57.87%57.87%57.87%57.87%57.87%57.87%57.87%57.85%57.87%57.87%
No. of Shareholders36,40136,39536,23836,17836,08735,94235,88235,88736,43636,24636,02135,933

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 19Mar 18Mar 17Mar 16Mar 15
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-4.05-12.86-34.45-11.67-9.56
Diluted EPS (Rs.)-4.05-12.86-34.45-11.67-9.56
Cash EPS (Rs.)-2.94-11.68-32.90-10.03-7.87
Book Value[Excl.RevalReserv]/Share (Rs.)-106.75-99.83-88.92-55.35-43.02
Book Value[Incl.RevalReserv]/Share (Rs.)-106.75-99.83-88.92-55.35-43.02
Revenue From Operations / Share (Rs.)27.3153.4486.9689.01101.49
PBDIT / Share (Rs.)-1.336.580.93-0.122.10
PBIT / Share (Rs.)-2.445.40-0.61-1.760.41
PBT / Share (Rs.)-4.05-12.91-34.45-11.67-9.64
Net Profit / Share (Rs.)-4.05-12.86-34.45-11.67-9.56
NP After MI And SOA / Share (Rs.)-4.05-12.86-34.45-11.67-9.56
PBDIT Margin (%)-4.8612.311.07-0.142.07
PBIT Margin (%)-8.9510.11-0.70-1.980.41
PBT Margin (%)-14.83-24.15-39.61-13.11-9.50
Net Profit Margin (%)-14.83-24.06-39.61-13.11-9.41
NP After MI And SOA Margin (%)-14.83-24.06-39.61-13.11-9.41
Return on Capital Employeed (%)2.60-6.530.855.8727.00
Return On Assets (%)-14.89-43.47-74.20-14.13-11.33
Long Term Debt / Equity (X)0.00-0.03-0.04-0.21-0.74
Total Debt / Equity (X)-0.32-0.60-0.69-0.87-1.26
Asset Turnover Ratio (%)0.961.431.331.251.33
Current Ratio (X)0.070.050.100.160.23
Quick Ratio (X)0.070.030.050.120.14
Inventory Turnover Ratio (X)9.448.1111.289.806.78
Interest Coverage Ratio (X)-0.603.050.13-0.010.20
Interest Coverage Ratio (Post Tax) (X)-1.122.53-0.08-0.170.03
Enterprise Value (Cr.)327.61579.27586.88456.46514.19
EV / Net Operating Revenue (X)1.341.210.750.570.56
EV / EBITDA (X)-27.459.8070.12-405.0627.22
MarketCap / Net Operating Revenue (X)0.060.070.030.030.03
Price / BV (X)-0.01-0.04-0.03-0.05-0.08
Price / Net Operating Revenue (X)0.060.070.030.030.03
EarningsYield-2.29-3.03-10.04-3.66-2.75

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: ₹140.22

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: 4,908.02% compared to the current price ₹2.8

Default values used*: Deafault value of 15 for Stock P/E is used, Deafault value of 15% for ROE is used

Intrinsic Value: ₹209.31

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: 7,375.32% compared to the current price ₹2.8

Default values used*: Deafault value of 15 for Stock P/E is used, Deafault value of 15% for ROE is used

Last 5 Year EPS CAGR: 49.27%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of -69.83, which is a positive sign.
  2. The stock has a low average Cash Conversion Cycle of -14.67, which is a positive sign.
  1. The stock has a low average ROCE of 1.17%, which may not be favorable.
  2. The company has higher borrowings (507.75) compared to reserves (-302.42), which may suggest financial risk.
  3. The company has not shown consistent growth in sales (407.58) and profit (-49.58).

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 Spentex Industries Ltd:
    1. Net Profit Margin: -14.83%
      • 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: 2.60% (Industry Average ROCE: 12.72%)
      • 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%: N/A% (Industry Average ROE: 13.58%)
      • 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): -1.12
      • 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: 0.07
      • 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: (Industry average Stock P/E: 21.68)
      • 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: -0.32
      • 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 - Qualitative Analysis

CLC Industries Ltd. is a Public Limited Listed company incorporated on 04/09/1995 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L74899DL1991PLC138153 and registration number is 138153. Currently company belongs to the Industry of Textiles - Spinning - Cotton Blended. Company’s Total Operating Revenue is Rs. 245.17 Cr. and Equity Capital is Rs. 89.77 Cr. for the Year ended 31/03/2019.
INDUSTRYADDRESSCONTACT
Textiles - Spinning - Cotton BlendedA - 60, Okhla Industrial Area, Phase - II, New Delhi Delhi 110020secretarial@clcindia.com
https://www.spentex.net
Management
NamePosition Held
Mr. Bhupendra Singh RajpalChairman & Wholetime Director
Mr. Sanchit Bhupendra Singh RajpalManaging Director
Mr. Gautam NandawatAddnl.Independent Director
Mrs. Satinder KaaurAddnl. Independent Woman Director

FAQ

What is the latest fair value of Spentex Industries Ltd?

The latest fair value of Spentex Industries Ltd is ₹140.22.

What is the Market Cap of Spentex Industries Ltd?

The Market Cap of Spentex Industries Ltd is 25.1 Cr..

What is the current Stock Price of Spentex Industries Ltd as on 22 May 2024?

The current stock price of Spentex Industries Ltd as on 22 May 2024 is ₹2.80.

What is the High / Low of Spentex Industries Ltd stocks in FY 2024?

In FY 2024, the High / Low of Spentex Industries Ltd stocks is ₹3.55/1.30.

What is the Stock P/E of Spentex Industries Ltd?

The Stock P/E of Spentex Industries Ltd is .

What is the Book Value of Spentex Industries Ltd?

The Book Value of Spentex Industries Ltd is 61.1.

What is the Dividend Yield of Spentex Industries Ltd?

The Dividend Yield of Spentex Industries Ltd is 0.00 %.

What is the ROCE of Spentex Industries Ltd?

The ROCE of Spentex Industries Ltd is %.

What is the ROE of Spentex Industries Ltd?

The ROE of Spentex Industries Ltd is %.

What is the Face Value of Spentex Industries Ltd?

The Face Value of Spentex Industries 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 Spentex Industries 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