BSE: 530401 | NSE: | Plastic Products | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Vinyoflex Ltd is a good quality company.
The key valuation ratios of Vinyoflex Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Vinyoflex 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.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 16.1% | 16.8% | 16.8% | 15.3% | 13% | 15.6% | 9.4% | 10.8% | 16% | 16.3% | - |
| Value Creation Index ⓘ | 0.2 | 0.2 | 0.2 | 0.1 | -0.1 | 0.1 | -0.3 | -0.2 | 0.1 | 0.2 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 32.2 | 28.9 | 31.1 | 33.8 | 39 | 37.7 | 34.7 | 42.8 | 56.1 | 45.7 | 44 |
| Sales YoY Gr. | - | -10.3% | 7.5% | 8.7% | 15.4% | -3.3% | -7.9% | 23.2% | 31% | -18.6% | - |
| Adj EPS ⓘ | 3.3 | 3.6 | 3.9 | 4.3 | 4.1 | 5.8 | 3.8 | 4.7 | 8 | 8.5 | 7.4 |
| YoY Gr. | - | 10.4% | 8.6% | 10.2% | -5.3% | 41.3% | -34.4% | 24% | 70.9% | 6.1% | - |
| BVPS (₹) ⓘ | 23.2 | 26.8 | 30.7 | 35 | 39.1 | 44.9 | 48.7 | 53.4 | 61.5 | 70 | 72.4 |
| Adj Net Profit ⓘ | 1.4 | 1.6 | 1.7 | 1.9 | 1.8 | 2.5 | 1.6 | 2 | 3.5 | 3.7 | 3 |
| Cash Flow from Ops. ⓘ | 2.3 | 1.2 | 0.8 | 0.4 | 0.5 | -0.8 | 2.7 | 3.8 | 1.6 | 7 | - |
| Debt/CF from Ops. ⓘ | 2.4 | 3.8 | 5.2 | 9.4 | 7.6 | -7.1 | 2.1 | 2 | 3.3 | 0.1 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 4% | 3.2% | 9.5% | -18.6% | ||||
| Adj EPS ⓘ | 11.2% | 15.8% | 31% | 6.1% | ||||
| BVPSⓘ | 13.1% | 12.3% | 12.8% | 13.9% | ||||
| Share Price | 23% | 30.9% | 39.7% | -21.4% | ||||
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 % ⓘ | 15 | 14.5 | 13.7 | 13.2 | 11 | 13.8 | 8.1 | 9.2 | 14 | 13 | 10.4 |
| Op. Profit Mgn % ⓘ | 8.4 | 9.5 | 9.7 | 9 | 7.4 | 10.2 | 7.5 | 7.8 | 9.5 | 11.3 | 9.8 |
| Net Profit Mgn % ⓘ | 4.4 | 5.4 | 5.5 | 5.5 | 4.5 | 6.6 | 4.7 | 4.8 | 6.2 | 8.1 | 7.2 |
| Debt to Equity ⓘ | 0.5 | 0.4 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.2 | 0 | 0 |
| Working Cap Days ⓘ | 181 | 190 | 182 | 195 | 192 | 232 | 278 | 239 | 186 | 194 | 179 |
| Cash Conv. Cycle ⓘ | 119 | 142 | 149 | 167 | 166 | 196 | 228 | 197 | 162 | 173 | 161 |
Net Profit is growing at healthy rate in last 3 years 31.00%
Return on Equity has declined versus last 3 years average to 10.40%
Sales growth has been subdued in last 3 years 9.53%
Sales growth is not so good in last 4 quarters at -11.62%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 7.4 | - |
| TTM Sales (₹ Cr.) | 44.2 | - |
| BVPS (₹.) ⓘ | 72.4 | - |
| Reserves (₹ Cr.) ⓘ | 27 | - |
| P/BV ⓘ | 1.04 | - |
| PE ⓘ | 10.14 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 73.56 / 142.90 |
| All Time Low / High (₹) | 1.35 / 142.90 |
| Market Cap (₹ Cr.) | 32.4 |
| Equity (₹ Cr.) | 4.3 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 39.5 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 32.20 | 28.90 | 31.08 | 33.79 | 39 | 37.71 | 34.74 | 42.81 | 56.10 | 45.65 |
| Operating Expenses ⓘ | 29.50 | 26.16 | 28.06 | 30.76 | 36.13 | 33.86 | 32.15 | 39.49 | 50.78 | 40.48 |
| Manufacturing Costs | 2.95 | 2.77 | 2.88 | 3.54 | 4.04 | 3.94 | 3.06 | 3.31 | 5 | 5.02 |
| Material Costs | 25.63 | 22.39 | 23.98 | 25.17 | 29.94 | 27.35 | 26.91 | 33.79 | 43.06 | 32.60 |
| Employee Cost | 0.53 | 0.61 | 0.75 | 1.56 | 1.63 | 1.86 | 1.50 | 1.66 | 1.86 | 1.84 |
| Other Costs ⓘ | 0.40 | 0.39 | 0.44 | 0.48 | 0.52 | 0.71 | 0.66 | 0.73 | 0.87 | 1.02 |
| Operating Profit ⓘ | 2.69 | 2.74 | 3.02 | 3.03 | 2.87 | 3.85 | 2.59 | 3.32 | 5.32 | 5.18 |
| Operating Profit Margin (%) | 8.4% | 9.5% | 9.7% | 9.0% | 7.4% | 10.2% | 7.5% | 7.8% | 9.5% | 11.3% |
| Other Income ⓘ | 0.08 | 0.16 | 0.05 | 0.02 | 0.05 | 0.04 | 0.12 | 0.06 | 0.02 | 0.39 |
| Interest ⓘ | 0.51 | 0.29 | 0.28 | 0.21 | 0.15 | 0.17 | 0.20 | 0.35 | 0.31 | 0.15 |
| Depreciation ⓘ | 0.29 | 0.25 | 0.26 | 0.27 | 0.30 | 0.32 | 0.29 | 0.29 | 0.37 | 0.46 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 1.97 | 2.36 | 2.53 | 2.58 | 2.47 | 3.40 | 2.22 | 2.73 | 4.66 | 4.96 |
| Tax ⓘ | 0.55 | 0.80 | 0.84 | 0.71 | 0.69 | 0.90 | 0.57 | 0.70 | 1.19 | 1.28 |
| Profit After Tax | 1.41 | 1.56 | 1.69 | 1.87 | 1.77 | 2.51 | 1.65 | 2.03 | 3.47 | 3.68 |
| PAT Margin (%) | 4.4% | 5.4% | 5.4% | 5.5% | 4.6% | 6.6% | 4.7% | 4.7% | 6.2% | 8.1% |
| Adjusted EPS (₹) | 3.3 | 3.6 | 3.9 | 4.3 | 4.1 | 5.8 | 3.8 | 4.7 | 8.0 | 8.5 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 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 | 10 | 11.56 | 13.25 | 15.12 | 16.89 | 19.40 | 21.04 | 23.07 | 26.54 | 30.22 |
| Share Capital ⓘ | 4.32 | 4.32 | 4.32 | 4.32 | 4.32 | 4.32 | 4.32 | 4.32 | 4.32 | 4.32 |
| Reserves ⓘ | 5.68 | 7.24 | 8.93 | 10.80 | 12.57 | 15.08 | 16.72 | 18.76 | 22.22 | 25.90 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 5.29 | 4.65 | 4.02 | 4.01 | 4.16 | 5.38 | 5.72 | 7.42 | 5.19 | 0.90 |
| Long Term Debt | 0.97 | 0.93 | 0 | 0 | 0 | 0 | 0 | 7.42 | 5.19 | 0.90 |
| Short Term Debt | 4.33 | 3.72 | 4.02 | 4.01 | 4.16 | 5.38 | 5.72 | 0 | 0 | 0 |
| Trade Payables | 3.95 | 1.17 | 1.92 | 1.34 | 2.59 | 2.04 | 2.69 | 3.46 | 2.81 | 1.28 |
| Others Liabilities ⓘ | 1.17 | 1.32 | 1.43 | 0.60 | 1.35 | 1.46 | 0.46 | 0.51 | 0.77 | 0.80 |
| Total Liabilities ⓘ | 20.42 | 18.69 | 20.62 | 21.07 | 24.99 | 28.28 | 29.92 | 34.47 | 35.32 | 33.21 |
Fixed Assets | ||||||||||
| Gross Block | 6.74 | 6.91 | 7.15 | 2.84 | 8.13 | 8.56 | 8.72 | 12.21 | 13.36 | 14.25 |
| Accumulated Depreciation | 4.58 | 4.78 | 5.04 | 0.53 | 5.60 | 5.92 | 6.21 | 6.45 | 6.82 | 7.28 |
| Net Fixed Assetsⓘ | 2.16 | 2.13 | 2.11 | 2.31 | 2.54 | 2.64 | 2.51 | 5.76 | 6.54 | 6.98 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventories | 3.86 | 4.13 | 5.54 | 4.60 | 5.06 | 5.75 | 6.58 | 8.95 | 7.25 | 7.02 |
| Trade Receivables | 12.83 | 10.72 | 11.59 | 13.79 | 16.26 | 18.57 | 17.66 | 19.44 | 21.09 | 12.42 |
| Cash Equivalents | 0.55 | 0.55 | 0.11 | 0.09 | 0.09 | 0.09 | 0.06 | 0.02 | 0.17 | 6.38 |
| Others Assetsⓘ | 1.02 | 1.16 | 1.26 | 0.27 | 1.04 | 1.23 | 3.11 | 0.30 | 0.26 | 0.40 |
| Total Assets ⓘ | 20.42 | 18.69 | 20.62 | 21.07 | 24.99 | 28.28 | 29.92 | 34.47 | 35.32 | 33.21 |
| 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 ⓘ | 2.25 | 1.23 | 0.78 | 0.43 | 0.54 | -0.76 | 2.73 | 3.79 | 1.60 | 6.99 |
| PBT ⓘ | 1.97 | 2.36 | 2.53 | 1.86 | 1.77 | 2.51 | 2.22 | 2.73 | 4.66 | 4.96 |
| Adjustment ⓘ | 0.76 | 0.48 | 0.51 | 1.09 | 1.10 | 1.42 | 0.37 | 0.58 | 0.66 | 0.35 |
| Changes in Working Capital ⓘ | 0.21 | -0.79 | -1.4 | -1.8 | -1.62 | -3.72 | 0.72 | 1.16 | -2.57 | 2.89 |
| Tax Paid ⓘ | -0.68 | -0.82 | -0.86 | -0.72 | -0.70 | -0.97 | -0.58 | -0.68 | -1.15 | -1.22 |
| Cash Flow From Investing Activity ⓘ | -0.19 | -0.30 | -0.32 | -0.23 | -0.54 | -0.30 | -2.90 | -3.47 | -1.12 | -0.60 |
| Capex | -0.13 | -0.22 | -0.25 | -0.47 | -0.52 | -0.43 | -0.16 | -3.54 | -1.16 | -0.89 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -0.06 | -0.08 | -0.08 | 0.24 | -0.02 | 0.13 | -2.74 | 0.07 | 0.04 | 0.29 |
| Cash Flow From Financing Activityⓘ | -1.94 | -0.92 | -0.91 | -0.22 | 0 | 1.06 | 0.14 | -0.36 | -0.33 | -0.18 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | -0.51 | -0.28 | -0.28 | -0.21 | -0.15 | -0.17 | -0.20 | -0.36 | -0.33 | -0.18 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -1.43 | -0.64 | -0.63 | -0.01 | 0.15 | 1.22 | 0.34 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | 0.13 | 0.01 | -0.45 | -0.02 | 0 | 0 | -0.03 | -0.04 | 0.15 | 6.21 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 14.98 | 14.45 | 13.65 | 13.16 | 11.09 | 13.81 | 8.14 | 9.21 | 13.98 | 12.97 |
| ROCE (%) | 16.08 | 16.8 | 16.82 | 15.3 | 13.04 | 15.57 | 9.41 | 10.78 | 15.96 | 16.27 |
| Asset Turnover Ratio | 1.74 | 1.66 | 1.76 | 1.67 | 1.69 | 1.42 | 1.19 | 1.33 | 1.61 | 1.33 |
| PAT to CFO Conversion(x) | 1.6 | 0.79 | 0.46 | 0.23 | 0.31 | -0.3 | 1.65 | 1.87 | 0.46 | 1.9 | Working Capital Days |
| Receivable Days | 136 | 133 | 118 | 133 | 141 | 169 | 190 | 158 | 132 | 134 |
| Inventory Days | 36 | 45 | 51 | 53 | 45 | 52 | 65 | 66 | 53 | 57 |
| Payable Days | 61 | 42 | 23 | 24 | 24 | 31 | 32 | 33 | 27 | 23 |
Vinyoflex was incorporated as a private limited company vide certificate of incorporation dated July 14, 1993 with Registrar of Companies, Gujarat. The company was later on converted into public limited by passing necessary resolution in terms of section 21/31/44 of Companies Act, 1956, on October 21, 1994 and received certificate dated November 22, 1994.
The company was promoted by Mansukhlal P Patel, Shri Bhupatlal L Tilva and Vinod K Tilva.
The registered office of the company is situated at 307, Silver Chamber, Tagore Road, Rajkot, Gujarat-300002.
Business area of the company
The company’s product range includes PVC films and sheeting both plane and printed, flexible, rigid and semi-rigid for application such as rainwear, shower curtains file covers table covers car matt, stationary products etc.
The company also manufacture cable wrap tape, insulation tape, wire harness tape, vinyl wall cover, PVC flexible sheeting for urine bags.
Certification
Vinyoflex an ISO 9000-2000 certified company
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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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