Past 10 year’s financial track record analysis by Moneyworks4me indicates that Silkflex Polymers (India) Ltd is a below average quality company.
The key valuation ratios of Silkflex Polymers (India) 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 Silkflex Polymers (India) 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'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| ROCE % ⓘ | 12.5% | 11.6% | 11.3% | 27.2% | - |
| Value Creation Index ⓘ | -0.1 | -0.2 | -0.2 | 0.9 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||
| Sales ⓘ | 20.8 | 27.8 | 44.3 | 59.6 | 60 |
| Sales YoY Gr. | - | 34.1% | 59.2% | 34.5% | - |
| Adj EPS ⓘ | 0.7 | 0.8 | 1.1 | 4.7 | 3.4 |
| YoY Gr. | - | 27.3% | 25% | 350.5% | - |
| BVPS (₹) ⓘ | 7.7 | 9.1 | 10.3 | 14.7 | 25.9 |
| Adj Net Profit ⓘ | 0.4 | 0.7 | 0.9 | 3.9 | 4 |
| Cash Flow from Ops. ⓘ | -0.2 | -4.3 | -1 | 4.7 | - |
| Debt/CF from Ops. ⓘ | -35.9 | -2.3 | -14.3 | 3.6 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 42.1% | 34.5% | ||||
| Adj EPS ⓘ | NA | NA | 92.8% | 350.5% | ||||
| BVPSⓘ | NA | NA | 24.2% | 43.6% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| Return on Equity % ⓘ | 8.6 | 10.9 | 10.8 | 37.4 | 16.7 |
| Op. Profit Mgn % ⓘ | 6.1 | 5.9 | 5.5 | 11.8 | NAN |
| Net Profit Mgn % ⓘ | 2.1 | 2.5 | 1.9 | 6.5 | 6.6 |
| Debt to Equity ⓘ | 1.2 | 1.4 | 1.6 | 1.4 | - |
| Working Cap Days ⓘ | 0 | 157 | 137 | 131 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 134 | 117 | 91 | 0 |
Sales growth is growing at healthy rate in last 3 years 42.13%
Net Profit is growing at healthy rate in last 3 years 92.80%
Return on Equity has declined versus last 3 years average to 16.70%
Debt to equity has increased versus last 3 years average to 1.41
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 3.4 | - |
| TTM Sales (₹ Cr.) | 59.6 | - |
| BVPS (₹.) ⓘ | 25.9 | - |
| Reserves (₹ Cr.) ⓘ | 19 | - |
| P/BV ⓘ | 3.06 | - |
| PE ⓘ | 23.40 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 91.9 |
| Equity (₹ Cr.) | 11.6 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 69 |
| Pledged * | 0.00 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Sales | 20.75 | 27.82 | 44.30 | 59.58 |
| Operating Expenses ⓘ | 19.50 | 26.18 | 41.90 | 52.58 |
| Manufacturing Costs | 1.42 | 2.23 | 3.23 | 3.05 |
| Material Costs | 15.26 | 18.94 | 34.82 | 45.33 |
| Employee Cost | 0.89 | 0.98 | 1.11 | 1.23 |
| Other Costs ⓘ | 1.92 | 4.04 | 2.75 | 2.97 |
| Operating Profit ⓘ | 1.26 | 1.64 | 2.39 | 6.99 |
| Operating Profit Margin (%) | 6.1% | 5.9% | 5.4% | 11.7% |
| Other Income ⓘ | 0.21 | 0.22 | 0.21 | 0.39 |
| Interest ⓘ | 0.80 | 0.73 | 1.10 | 1.65 |
| Depreciation ⓘ | 0.05 | 0.21 | 0.40 | 0.48 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0.61 | 0.92 | 1.11 | 5.25 |
| Tax ⓘ | 0.15 | 0.24 | 0.28 | 1.32 |
| Profit After Tax | 0.45 | 0.69 | 0.83 | 3.93 |
| PAT Margin (%) | 2.2% | 2.5% | 1.9% | 6.6% |
| Adjusted EPS (₹) | 0.7 | 0.8 | 1.0 | 4.8 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 5.14 | 7.38 | 8.33 | 12.26 | ||||||
| Share Capital ⓘ | 2.05 | 2.50 | 2.50 | 8.13 | ||||||
| Reserves ⓘ | 3.08 | 4.88 | 5.83 | 4.14 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | ||||||
| Debt | 6.11 | 9.93 | 13.54 | 16.86 | ||||||
| Long Term Debt | 4.11 | 1.98 | 2.09 | 0.96 | ||||||
| Short Term Debt | 2 | 7.95 | 11.45 | 15.90 | ||||||
| Trade Payables | 0.53 | 0.56 | 1.20 | 6.95 | ||||||
| Others Liabilities ⓘ | 1.34 | 1.79 | 0.64 | 2.83 | ||||||
| Total Liabilities ⓘ | 13.12 | 19.66 | 23.72 | 38.89 | ||||||
Fixed Assets | ||||||||||
| Gross Block | 1.65 | 3.85 | 4.81 | 12.57 | ||||||
| Accumulated Depreciation | 0.18 | 0.39 | 0.79 | 1.27 | ||||||
| Net Fixed Assetsⓘ | 1.47 | 3.46 | 4.02 | 11.30 | ||||||
| CWIP ⓘ | 1.15 | 0 | 0 | 0.93 | ||||||
| Investmentsⓘ | 1.60 | 1.13 | 1.40 | 1.64 | ||||||
| Inventories | 5.22 | 11.19 | 14.64 | 16.25 | ||||||
| Trade Receivables | 2.77 | 2.21 | 2.10 | 5.84 | ||||||
| Cash Equivalents | 0.05 | 0.04 | 0.04 | 0.06 | ||||||
| Others Assetsⓘ | 0.86 | 1.63 | 1.52 | 2.87 | ||||||
| Total Assets ⓘ | 13.12 | 19.66 | 23.72 | 38.89 | ||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -0.17 | -4.29 | -0.95 | 4.72 |
| PBT ⓘ | 0.61 | 0.92 | 1.11 | 5.25 |
| Adjustment ⓘ | 0.80 | 0.78 | 0.33 | 0.38 |
| Changes in Working Capital ⓘ | -1.38 | -5.77 | -2.11 | 0.41 |
| Tax Paid ⓘ | -0.20 | -0.22 | -0.28 | -1.32 |
| Cash Flow From Investing Activity ⓘ | -1.49 | -0.37 | -1.17 | -9.13 |
| Capex | -1.45 | -1.05 | -0.96 | -8.69 |
| Net Investments | -0.23 | 0.48 | -0.28 | -0.24 |
| Others ⓘ | 0.19 | 0.20 | 0.07 | -0.20 |
| Cash Flow From Financing Activityⓘ | 1.66 | 4.64 | 2.11 | 4.43 |
| Net Proceeds from Shares ⓘ | 1.94 | 1.56 | 0 | 5.63 |
| Net Proceeds from Borrowing ⓘ | 0.52 | -2.13 | 0 | 0 |
| Interest Paid ⓘ | -0.80 | -0.73 | 0 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 5.95 | 2.11 | -1.20 |
| Net Cash Flow ⓘ | 0 | -0.01 | 0 | 0.02 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 8.83 | 10.96 | 10.57 | 38.73 | ||||||
| ROCE (%) | 12.53 | 11.58 | 11.25 | 27.2 | ||||||
| Asset Turnover Ratio | 1.58 | 1.7 | 2.04 | 1.9 | ||||||
| PAT to CFO Conversion(x) | -0.38 | -6.22 | -1.14 | 1.2 | Working Capital Days | |||||
| Receivable Days | 49 | 33 | 18 | 24 | ||||||
| Inventory Days | 92 | 108 | 106 | 95 | ||||||
| Payable Days | 13 | 10 | 9 | 33 | ||||||
Silkflex Polymers (India) Limited was originally incorporated on May 13, 2016 as “Silkflex Polymers (India) Private Limited” under the provisions of the Companies Act, 2013 with the Registrar of Companies, Central Registration Centre. Subsequently, the status of the Company was changed to public limited Company and the name of the Company was changed from ‘Silkflex Polymers (India) Private Limited’ to ‘Silkflex Polymers (India) Limited’ vide fresh certificate of incorporation dated December 21, 2023 by the Registrar of Companies, Kolkata.
The company is engaged in the trading of the textile printing inks and water-based wood coating polymers products of a Malaysian based brand- ‘Silkflex’ produced by Silkflex Polymers SDN BHD (Silkflex Malaysia). Silkflex Malaysia, is one of the garment printing ink manufacturers of Malaysia. Silkflex Malaysia manufactures its products through its manufacturing unit located in Malaysia and the same products are then supplied around the globe through its authorised agents. The list of countries where Silkflex Malaysia supplies the products includes India, Thailand, Turkey, Russia, Sri Lanka, Bangladesh and Indonesia.
The company offers a wide variety of products of textile printing ink products and wood coating polymers products. The Company has entered into an agreement with Silkflex Malaysia on October 01, 2016, for distribution and selling, the water-based textile printing inks products of Silkflex. It also entered into agreement with Silkflex Malaysia on October 01, 2019 for distribution and selling, the wood coating polymers products of Silkflex Malaysia. These agreements also give it the rights to use the brand name of Silkflex in India. Further, by virtue of Technology Transfer Agreement (TTA) dated July 25, 2023, Silkflex Malaysia has permitted it to be the manufacturer of its products in India and agreed to provide full right, technology relating to products like Silkbond 35 and binder for table glue products.
Business area of the company
The company is engaged in the trading of the textile printing inks and water-based wood coating polymers products of a Malaysian based brand- ‘Silkflex’ produced by Silkflex Polymers SDN BHD.
Products of the company
History and milestones
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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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