Past 10 year’s financial track record analysis by Moneyworks4me indicates that Wires & Fabriks (S.A.) Ltd is a below average quality company.
The key valuation ratios of Wires & Fabriks (S.A.) Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Wires & Fabriks (S.A.) Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation Index Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 8.8% | 6% | 4.1% | 2.8% | 4.1% | 4.3% | 3.1% | 3.3% | 5.4% | 5.9% | - |
| Value Creation Index ⓘ | -0.4 | -0.6 | -0.7 | -0.8 | -0.7 | -0.7 | -0.8 | -0.8 | -0.6 | -0.6 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 99.3 | 99.4 | 101 | 103 | 106 | 98.4 | 89.2 | 95.7 | 108 | 109 | 109 |
| Sales YoY Gr. | - | 0.2% | 1.2% | 2.1% | 2.8% | -6.9% | -9.3% | 7.3% | 13.1% | 0.3% | - |
| Adj EPS ⓘ | 10.9 | 5.3 | 0.2 | 3.9 | 3.1 | 5.3 | 1.8 | 2.3 | 4.3 | 3 | 4.9 |
| YoY Gr. | - | -52% | -97.1% | 2506.7% | -22% | 73.4% | -66.7% | 29.6% | 87.3% | -30.7% | - |
| BVPS (₹) ⓘ | 132.6 | 137.2 | 135.3 | 137.8 | 141.5 | 146.1 | 147.8 | 151 | 155 | 159.9 | 163.7 |
| Adj Net Profit ⓘ | 3.3 | 1.6 | 0.1 | 1.2 | 0.9 | 1.6 | 0.5 | 0.7 | 1.3 | 0.9 | 2 |
| Cash Flow from Ops. ⓘ | 12.3 | 10.2 | 12.8 | 23.3 | 14.1 | 4 | 21 | 2.5 | 22.3 | 3 | - |
| Debt/CF from Ops. ⓘ | 3.9 | 6.5 | 4.9 | 2 | 2.5 | 10.3 | 1.5 | 35.3 | 3.3 | 27.3 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 1% | 0.6% | 6.8% | 0.3% | ||||
| Adj EPS ⓘ | -13.5% | -0.6% | 18.9% | -30.7% | ||||
| BVPSⓘ | 2.1% | 2.5% | 2.6% | 3.1% | ||||
| Share Price | 6.4% | 31.2% | 21.9% | 8.3% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 8.1 | 3.9 | 0.1 | 2.9 | 2.2 | 3.7 | 1.2 | 1.5 | 2.8 | 1.9 | 3.1 |
| Op. Profit Mgn % ⓘ | 13.2 | 13.2 | 13.8 | 12.6 | 12.2 | 12.4 | 10.8 | 12.1 | 17.1 | 16.1 | 14.1 |
| Net Profit Mgn % ⓘ | 3.4 | 1.6 | 0.1 | 1.2 | 0.9 | 1.6 | 0.6 | 0.7 | 1.2 | 0.8 | 1.4 |
| Debt to Equity ⓘ | 1.2 | 1.6 | 1.5 | 1.1 | 0.8 | 0.9 | 0.7 | 1.9 | 1.6 | 1.7 | - |
| Working Cap Days ⓘ | 203 | 222 | 224 | 218 | 197 | 213 | 238 | 217 | 207 | 224 | 119 |
| Cash Conv. Cycle ⓘ | 146 | 152 | 154 | 156 | 141 | 147 | 158 | 145 | 135 | 159 | 5 |
Return on Equity has increased versus last 3 years average to 3.00%
Net Profit is growing at healthy rate in last 3 years 18.92%
Debt to equity has declined versus last 3 years average to 1.69
Sales growth has been subdued in last 3 years 6.76%
Sales growth is not so good in last 4 quarters at -1.94%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 4.9 | - |
| TTM Sales (₹ Cr.) | 109 | - |
| BVPS (₹.) ⓘ | 163.7 | - |
| Reserves (₹ Cr.) ⓘ | 47 | - |
| P/BV ⓘ | 1.05 | - |
| PE ⓘ | 34.91 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 149.00 / 271.70 |
| All Time Low / High (₹) | 6.10 / 475.00 |
| Market Cap (₹ Cr.) | 52.6 |
| Equity (₹ Cr.) | 3.1 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 31.1 |
| Mar'24 | YoY Gr. Rt. % | Jun'24 | YoY Gr. Rt. % | Sep'24 | YoY Gr. Rt. % | Dec'24 | YoY Gr. Rt. % | |
|---|---|---|---|---|---|---|---|---|
| Sales (₹ Cr.)ⓘ | 260 | -4.3 | 251 | 10.2 | 271 | 10.6 | 250 | 10 |
| Adj EPS (₹) ⓘ | 1.4 | N/A | -1.6 | N/A | -1.7 | N/A | -2.5 | -1076.9 |
| Op. Profit Mgn % ⓘ | 4.99 | 57 bps | 1.42 | 244 bps | 2.72 | -233 bps | 0.52 | -555 bps |
| Net Profit Mgn % ⓘ | 2.26 | 258 bps | -2.57 | 376 bps | -2.57 | -164 bps | -4.22 | -469 bps |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Company Name | CMP(₹) | |||||||
|---|---|---|---|---|---|---|---|---|
| PDS | 399.6 | -29.2 (-6.8%) | Small Cap | 10,577 | 11.5 | 3.2 | 37.3 | 3.7 |
| Welspun Living | 124.4 | -9.5 (-7.1%) | Small Cap | 9,679 | 6.8 | 6.9 | 19.7 | 2.7 |
| Vardhman Textiles | 471.4 | -8.3 (-1.7%) | Small Cap | 9,299 | 28.9 | 5.9 | 16.6 | 1.5 |
| Arvind | 330.6 | -15.6 (-4.5%) | Small Cap | 7,738 | 11.5 | 4.5 | 30.1 | 2.5 |
| K.P.R. Mill | 954.8 | -31.5 (-3.2%) | Small Cap | 6,060 | 24.1 | 13 | 40.9 | 6.9 |
| Alok Inds | 15.4 | -0.5 (-3.3%) | Small Cap | 5,356 | -1.8 | -15.2 | - | -0.4 |
| RSWM | 145.5 | -5.9 (-3.9%) | Small Cap | 4,058 | -1.2 | -2 | - | 0.6 |
| Indo Count Inds | 260.2 | -25.3 (-8.9%) | Small Cap | 3,557 | 16.5 | 9.1 | 17.3 | 2.5 |
| Himatsingka Seide | 148.2 | -10.8 (-6.8%) | Small Cap | 2,841 | 7 | 3.9 | 22.8 | 1 |
| Sangam India | 415.8 | -21.9 (-5%) | Small Cap | 2,648 | 6.1 | 1.5 | 71.8 | 2.2 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 99.25 | 99.43 | 100.65 | 102.80 | 105.66 | 98.37 | 89.24 | 95.73 | 108.30 | 108.60 |
| Operating Expenses ⓘ | 86.39 | 86.53 | 86.74 | 90.32 | 92.85 | 86.23 | 79.76 | 84.12 | 89.74 | 91.07 |
| Manufacturing Costs | 13.39 | 14.72 | 13.33 | 15.89 | 18.24 | 17.87 | 18.64 | 19.78 | 21.32 | 20.30 |
| Material Costs | 36.27 | 34.01 | 35.32 | 34.75 | 33.95 | 28.05 | 28.79 | 25.93 | 25.93 | 29.77 |
| Employee Cost | 16.83 | 18.48 | 18.97 | 18.66 | 20.39 | 20.76 | 19.42 | 21.79 | 23.57 | 21.22 |
| Other Costs ⓘ | 19.90 | 19.33 | 19.12 | 21.01 | 20.27 | 19.55 | 12.91 | 16.62 | 18.93 | 19.78 |
| Operating Profit ⓘ | 12.86 | 12.90 | 13.91 | 12.48 | 12.81 | 12.14 | 9.48 | 11.62 | 18.55 | 17.53 |
| Operating Profit Margin (%) | 13.0% | 13.0% | 13.8% | 12.1% | 12.1% | 12.3% | 10.6% | 12.1% | 17.1% | 16.1% |
| Other Income ⓘ | 1.15 | 0.34 | 0.52 | 0.16 | 0.76 | 0.27 | 1.39 | 0.62 | 0.67 | 1.23 |
| Interest ⓘ | 4.11 | 4.62 | 3.99 | 2.51 | 1.66 | 1.77 | 2.17 | 3.01 | 5.62 | 6.09 |
| Depreciation ⓘ | 6.42 | 7.35 | 10.07 | 9.95 | 10.17 | 8.86 | 8.31 | 8.76 | 12.35 | 11.36 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 3.48 | 1.26 | 0.37 | 0.17 | 1.75 | 1.79 | 0.38 | 0.46 | 1.25 | 1.31 |
| Tax ⓘ | -0.31 | -0.16 | 0.33 | -0.67 | 0.47 | 0.19 | -0.09 | -0.47 | -0.09 | -0.17 |
| Profit After Tax | 3.79 | 1.42 | 0.04 | 0.84 | 1.27 | 1.59 | 0.47 | 0.93 | 1.34 | 1.49 |
| PAT Margin (%) | 3.8% | 1.4% | 0.0% | 0.8% | 1.2% | 1.6% | 0.5% | 1.0% | 1.2% | 1.4% |
| Adjusted EPS (₹) | 12.4 | 4.6 | 0.1 | 2.8 | 4.2 | 5.2 | 1.5 | 3.1 | 4.4 | 4.9 |
| Dividend Payout Ratio (%) | 15% | 39% | 455% | 22% | 14% | 2% | 7% | 3% | 2% | 2% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 40.52 | 41.93 | 41.36 | 42.13 | 43.24 | 44.65 | 45.18 | 46.16 | 47.37 | 48.86 |
| Share Capital ⓘ | 3.06 | 3.06 | 3.06 | 3.06 | 3.06 | 3.06 | 3.06 | 3.06 | 3.06 | 3.06 |
| Reserves ⓘ | 37.46 | 38.88 | 38.30 | 39.07 | 40.18 | 41.59 | 42.12 | 43.11 | 44.31 | 45.80 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 39.33 | 55.53 | 56.47 | 41.11 | 28.30 | 34.32 | 23.51 | 79.01 | 68.63 | 73.18 |
| Long Term Debt | 21.44 | 36.99 | 33.40 | 29.64 | 23.86 | 17.18 | 21.37 | 64.96 | 56.31 | 49.37 |
| Short Term Debt | 17.89 | 18.54 | 23.07 | 11.48 | 4.44 | 17.13 | 2.14 | 14.05 | 12.32 | 23.81 |
| Trade Payables | 7.99 | 10.83 | 8.25 | 10.10 | 5.88 | 10.54 | 4.25 | 3.58 | 6.41 | 5.51 |
| Others Liabilities ⓘ | 27.02 | 31.31 | 23.22 | 24.84 | 25.83 | 25.79 | 27.87 | 28.36 | 26.41 | 26.71 |
| Total Liabilities ⓘ | 114.86 | 139.60 | 129.30 | 118.18 | 103.25 | 115.30 | 100.82 | 157.11 | 148.82 | 154.26 |
Fixed Assets | ||||||||||
| Gross Block | 124.70 | 135.38 | 153.16 | 158.30 | 156.16 | 159.91 | 168.81 | 223.49 | 220.87 | 223.25 |
| Accumulated Depreciation | 79.30 | 86.44 | 94.35 | 104.13 | 112.02 | 116.65 | 125.19 | 133.59 | 140.90 | 149.44 |
| Net Fixed Assetsⓘ | 45.40 | 48.94 | 58.81 | 54.17 | 44.14 | 43.27 | 43.62 | 89.89 | 79.97 | 73.82 |
| CWIP ⓘ | 3.09 | 17.47 | 1.37 | 0.43 | 4.34 | 2.74 | 1.65 | 0.28 | 4.71 | 10.61 |
| Investmentsⓘ | 0.01 | 0.01 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventories | 17.22 | 19.15 | 19.07 | 19.37 | 15.05 | 20.32 | 13.91 | 19.93 | 27.29 | 35.61 |
| Trade Receivables | 37.60 | 40.74 | 38 | 35.44 | 30.71 | 31.84 | 27.83 | 23.64 | 21.49 | 24.67 |
| Cash Equivalents | 4.63 | 3.45 | 4.79 | 2.90 | 1.48 | 8.01 | 0.34 | 8.25 | 0.29 | 0.53 |
| Others Assetsⓘ | 6.92 | 9.85 | 7.26 | 5.87 | 7.53 | 9.12 | 13.46 | 15.12 | 15.07 | 9.02 |
| Total Assets ⓘ | 114.86 | 139.60 | 129.30 | 118.18 | 103.25 | 115.30 | 100.82 | 157.11 | 148.82 | 154.26 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 12.28 | 10.22 | 12.83 | 23.26 | 14.08 | 3.97 | 21 | 2.50 | 22.33 | 3.01 |
| PBT ⓘ | 3.48 | 1.26 | 0.37 | 0.17 | 1.75 | 1.79 | 0.38 | 0.46 | 1.25 | 1.31 |
| Adjustment ⓘ | 10.59 | 11.58 | 12.83 | 11.95 | 11.04 | 9.96 | 10.17 | 11.13 | 15.87 | 14.90 |
| Changes in Working Capital ⓘ | -1.17 | -2.74 | 0.09 | 10.27 | 0.83 | -7.14 | 11.66 | -8.98 | 5.44 | -12.93 |
| Tax Paid ⓘ | -0.54 | 0.16 | -0.47 | 0.86 | 0.47 | -0.63 | -1.21 | -0.11 | -0.23 | -0.27 |
| Cash Flow From Investing Activity ⓘ | -9.88 | -25.07 | -3.76 | -4.58 | -4.27 | -7.75 | -11.46 | -48.67 | -10.47 | -7.48 |
| Capex | -10.09 | -25.30 | -4.21 | -4.67 | -4.36 | -7.90 | -11.73 | -48.79 | -10.75 | -7.64 |
| Net Investments | 0 | 0 | 0 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0.21 | 0.23 | 0.45 | 0.09 | 0.09 | 0.15 | 0.28 | 0.12 | 0.28 | 0.16 |
| Cash Flow From Financing Activityⓘ | -3.09 | 13.67 | -7.11 | -19.08 | -12.38 | 4.69 | -10.49 | 54.19 | -19.80 | 4.56 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -1.69 | 18 | -7.70 | -11.59 | -7.04 | -6.68 | 6.05 | 44.36 | -12.90 | -2.80 |
| Interest Paid ⓘ | -4.07 | -4.34 | -3.29 | -1.94 | -0.74 | -1.09 | -1.49 | -2.03 | -5.12 | -4.08 |
| Dividend Paid ⓘ | -0.64 | -0.64 | -0.65 | -0.23 | -0.23 | -0.23 | -0.05 | -0.05 | -0.05 | -0.05 |
| Others ⓘ | 3.30 | 0.65 | 4.53 | -5.32 | -4.37 | 12.70 | -15 | 11.91 | -1.72 | 11.49 |
| Net Cash Flow ⓘ | -0.70 | -1.18 | 1.95 | -0.40 | -2.57 | 0.91 | -0.95 | 8.02 | -7.94 | 0.10 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 9.66 | 3.44 | 0.1 | 2.01 | 2.98 | 3.62 | 1.04 | 2.04 | 2.87 | 3.09 |
| ROCE (%) | 8.8 | 5.98 | 4.09 | 2.78 | 4.08 | 4.34 | 3.13 | 3.28 | 5.38 | 5.87 |
| Asset Turnover Ratio | 0.94 | 0.85 | 0.81 | 0.85 | 0.95 | 0.9 | 0.83 | 0.74 | 0.71 | 0.72 |
| PAT to CFO Conversion(x) | 3.24 | 7.2 | 320.75 | 27.69 | 11.09 | 2.5 | 44.68 | 2.69 | 16.66 | 2.02 |
| Working Capital Days | ||||||||||
| Receivable Days | 119 | 132 | 132 | 128 | 114 | 116 | 122 | 98 | 76 | 78 |
| Inventory Days | 62 | 61 | 64 | 67 | 59 | 66 | 70 | 65 | 80 | 106 |
| Payable Days | 79 | 101 | 99 | 96 | 86 | 107 | 94 | 55 | 70 | 73 |
Wires & Fabriks (S.A.) Ltd. entered the field of Fourdrinier wire cloth with the establishment of a plant at Jaipur-India in 1963. The company became a public limited company in 1985. The company's guiding principle for any business has been to offer high technology and high service products for high value addition to their customer's products
Paper Machine Clothing is the mainstream product of the company. From Bronze wires to stainless steel wire cloth to synthetic forming fabrics, they have always been in a leading position in terms of the latest technology and new products.
Single layer, Double layer and Triple layer forming fabrics, single / double layer dryer screens (150 to 600 CFM) are now their standard products in addition to bronze & stainless steel wire cloth.
The company was first in India to manufacture double and triple layer synthetic forming fabrics. The company pioneered new forms of technical services for the Indian paper maker e.g. Paper machine wet end drainage survey, stroboscopic analysis to study the behavior of fourdrinier wire vis-Ã -vis paper formation, fabric tension measurement with tensiometer.
The most modern - world standard - manufacturing facilities coupled with a recognition of it's Research & Development division by Dept. of Science & Technology, Govt. of India, since the year 1990 and, provide continuing trust to customers for quality products and services.
Paper Making Chemicals - Since 1994 the company has introduced an increasing range of specialty paper making chemicals in partnership with leading international manufacturers like Raisio, Kolb, Degussa, Latexia, Mayhall & Jiu Hi, for value added paper making. Intensive technical service is provided to optimize paper properties and improve paper machine operations.
EDM Wires- Since 1999, the company is manufacturing various types of Electro Discharge Machine (EDM) wires for Industrial applications. Electonica Machine Tools Ltd, the leading EDM wire machine manufacturers in India, are the marketing agents for India.
Product range of the company includes:
Technical fabrics
Chemical
Accessories
Achievements/ recognition:-
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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