Is Banswara Syntex a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Banswara Syntex Ltd is a average quality company .

Is Banswara Syntex undervalued or overvalued?

The key valuation ratios of Banswara Syntex Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Banswara Syntex share price return in the past 10 years?

Banswara Syntex Ltd share price has appreciated 13.4% annually (CAGR) over the past ten years.

Is Banswara Syntex a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Banswara Syntex Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

Banswara Syntex Ltd - Stock Valuation and Financial Performance

Name: Banswara Syntex
Brand: Banswara Syntex

BSE: 503722 | NSE: BANSWRAS | Textile - Manmade Fibres | Small Cap

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Banswara Syntex Share Price

₹129.25 -2.90 -2.19%
as on 21-Nov'24 16:59

10 Year X-Ray of Banswara Syntex:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

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 % ⓘ	10.8%	13.7%	10.8%	8.6%	9.7%	14.9%	7.8%	15.6%	22.3%	8.7%	-
Value Creation Index ⓘ	-0.2	0.0	-0.2	-0.4	-0.3	0.1	-0.4	0.1	0.6	-0.4	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	1,226	1,265	1,244	1,292	1,351	1,290	787	1,190	1,499	1,264	1,259
Sales YoY Gr.	-	3.1%	-1.6%	3.8%	4.6%	-4.6%	-39%	51.3%	26%	-15.7%	-
Adj EPS ⓘ	0.2	6.9	4.1	-0.1	6.2	14.1	1.8	11.3	30.8	8.7	6.7
YoY Gr.	-	3200%	-41.1%	-102%	NA	126.5%	-87%	518.6%	172.4%	-71.8%	-
BVPS (₹) ⓘ	67.9	73.6	76.6	78.7	86	99.9	104.4	116.9	148.7	156.2	157.1
Adj Net Profit ⓘ	0.7	23.5	14	-0.3	21.3	48.2	6.3	38.7	106	29.8	23
Cash Flow from Ops. ⓘ	179	174	140	106	137	205	132	54.2	20.1	145	-
Debt/CF from Ops. ⓘ	3.5	3.2	4	5.1	3.4	1.6	1.7	4.8	18.4	2.4	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	0.3%	-1.3%	17.1%	-15.7%
Adj EPS ⓘ	51.3%	7%	68.2%	-71.8%
BVPSⓘ	9.7%	12.7%	14.4%	5%
Share Price	13.4%	24%	12.5%	-15.8%

Key Financial Parameters ⓘ

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 % ⓘ	0.3	9.9	5.5	-0.1	7.6	15.2	1.8	10.2	23.2	5.7	4.3
Op. Profit Mgn % ⓘ	11.2	12.7	10.7	8.6	8.9	11.2	9.6	9.9	13.2	8.1	7.2
Net Profit Mgn % ⓘ	0.1	1.9	1.1	-0	1.6	3.7	0.8	3.3	7	2.4	1.8
Debt to Equity ⓘ	2.8	2.3	2.1	2	1.6	0.9	0.6	0.7	0.7	0.7	0.4
Working Cap Days ⓘ	162	155	159	165	158	150	213	143	139	176	79
Cash Conv. Cycle ⓘ	111	98	93	91	83	80	109	75	87	118	28

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 17.13%

Net Profit is growing at healthy rate in last 3 years 68.21%

Debt to equity has declined versus last 3 years average to 0.66

Return on Equity has declined versus last 3 years average to 4.30%

Sales growth is not so good in last 4 quarters at -6.70%

Latest Financials - Banswara Syntex Ltd.

	Standalone	Consolidated
TTM EPS (₹)	6.7	6.7
TTM Sales (₹ Cr.)	1,259	1,259
BVPS (₹.) ⓘ	157.1	157.2
Reserves (₹ Cr.) ⓘ	521	521
P/BV ⓘ	0.82	0.82
PE ⓘ	19.25	19.25

From the Market
52 Week Low / High (₹)	126.05 / 182.35
All Time Low / High (₹)	0.33 / 188.50
Market Cap (₹ Cr.)	442
Equity (₹ Cr.)	17.1
Face Value (₹)	5
Industry PE ⓘ	23.4

Management X-Ray of Banswara Syntex:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Banswara Syntex

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Banswara Syntex

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	1,226	1,265	1,244	1,292	1,351	1,289	787	1,190	1,499	1,264
Operating Expenses ⓘ	1,089	1,104	1,111	1,181	1,231	1,145	711	1,073	1,301	1,162
Manufacturing Costs	266	262	266	290	296	266	157	293	340	280
Material Costs	564	562	539	570	622	559	346	479	589	523
Employee Cost	181	196	218	236	237	242	153	219	286	282
Other Costs ⓘ	79	84	88	84	76	78	55	81	86	76
Operating Profit ⓘ	138	160	134	111	120	144	76	117	197	103
Operating Profit Margin (%)	11.2%	12.7%	10.7%	8.6%	8.9%	11.2%	9.6%	9.9%	13.2%	8.1%
Other Income ⓘ	17	11	14	16	14	13	16	21	15	18
Interest ⓘ	81	70	63	59	56	49	33	25	32	30
Depreciation ⓘ	59	57	58	58	55	51	46	42	41	43
Exceptional Items ⓘ	0	0	-1	1	-3	0	3	0	0	0
Profit Before Tax ⓘ	14	44	25	11	20	58	16	72	140	48
Tax ⓘ	6	17	6	3	-5	4	2	25	29	12
Profit After Tax	8	27	19	8	24	53	14	47	111	35
PAT Margin (%)	0.7%	2.2%	1.5%	0.6%	1.8%	4.1%	1.8%	3.9%	7.4%	2.8%
Adjusted EPS (₹)	2.4	8.0	5.6	2.3	7.1	15.6	4.1	13.7	32.6	10.3
Dividend Payout Ratio (%)	20%	12%	9%	22%	7%	5%	18%	9%	9%	10%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

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	223	249	262	269	294	342	357	400	509	535
Share Capital ⓘ	16	17	17	17	17	17	17	17	17	17
Reserves ⓘ	207	232	245	252	277	325	340	383	492	518
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	566	497	489	479	420	260	171	220	327	298
Long Term Debt	263	217	199	185	140	97	137	106	124	149
Short Term Debt	303	280	290	294	280	163	34	113	203	149
Trade Payables	139	127	146	172	133	104	101	107	88	80
Others Liabilities ⓘ	162	183	172	170	156	181	148	157	144	158
Total Liabilities ⓘ	1,090	1,057	1,069	1,091	1,003	888	778	884	1,068	1,070
Fixed Assets
Gross Block	892	918	543	575	584	589	596	588	680	772
Accumulated Depreciation	390	445	57	115	166	215	258	274	310	348
Net Fixed Assetsⓘ	501	473	486	460	418	374	338	314	370	424
CWIP ⓘ	10	8	6	5	0	1	1	29	22	20
Investmentsⓘ	18	19	4	4	4	4	3	5	6	10
Inventories	329	290	329	310	288	237	196	279	314	271
Trade Receivables	138	162	158	183	163	140	115	126	212	207
Cash Equivalents	15	21	15	13	18	13	14	27	37	28
Others Assetsⓘ	79	84	71	116	113	119	111	103	108	110
Total Assets ⓘ	1,090	1,057	1,069	1,091	1,003	888	778	884	1,068	1,070

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

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 ⓘ	179	174	140	106	137	205	132	54	20	145
PBT ⓘ	14	27	25	11	20	58	16	72	140	48
Adjustment ⓘ	140	144	121	115	114	93	73	62	69	64
Changes in Working Capital ⓘ	33	11	6	-13	7	65	45	-57	-145	50
Tax Paid ⓘ	-9	-8	-12	-8	-3	-11	-3	-23	-43	-17
Cash Flow From Investing Activity ⓘ	-48	-28	-61	-25	-10	-4	-3	-48	-100	-93
Capex	-46	-28	-61	-29	-9	-6	-9	-58	-100	-94
Net Investments	-3	-1	0	3	-1	-1	4	8	-2	2
Others ⓘ	1	1	0	1	0	4	2	2	2	-2
Cash Flow From Financing Activityⓘ	-148	-140	-82	-85	-123	-206	-126	5	75	-58
Net Proceeds from Shares ⓘ	3	2	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-20	-53	-19	-39	-54	-32	33	-37	19	37
Interest Paid ⓘ	-80	-70	-63	-59	-56	-48	-33	-26	-32	-29
Dividend Paid ⓘ	-5	-2	-4	-2	-2	-4	0	-3	-4	-10
Others ⓘ	-46	-17	4	16	-11	-122	-127	71	92	-56
Net Cash Flow ⓘ	-17	6	-2	-4	4	-5	4	11	-4	-7

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	3.7	11.52	7.42	2.98	8.57	16.78	3.99	12.34	24.51	6.75
ROCE (%)	10.78	13.66	10.83	8.6	9.66	14.88	7.84	15.56	22.32	8.74
Asset Turnover Ratio	1.12	1.18	1.18	1.2	1.29	1.36	0.95	1.43	1.54	1.18
PAT to CFO Conversion(x)	22.38	6.44	7.37	13.25	5.71	3.87	9.43	1.15	0.18	4.14
Working Capital Days
Receivable Days	43	43	47	48	47	43	59	37	41	61
Inventory Days	94	89	90	90	81	74	101	73	72	84
Payable Days	51	68	92	102	89	77	109	79	61	59

Banswara Syntex Ltd Stock News

Banswara Syntex Ltd FAQs

What is the share price of Banswara Syntex?

Company share prices are keep on changing according to the market conditions. The closing price of Banswara Syntex on 21-Nov-2024 16:59 is ₹129.2.

What is the market cap of Banswara Syntex?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 16:59 the market cap of Banswara Syntex stood at ₹442.3.

What is the P/E ratio of Banswara Syntex?

The latest P/E ratio of Banswara Syntex as of 21-Nov-2024 16:59 is 19.25.

What is the P/B ratio of Banswara Syntex?

The latest P/B ratio of Banswara Syntex as of 21-Nov-2024 16:59 is 0.82.

What is the 52-week high and low of Banswara Syntex?

The 52-week high of Banswara Syntex is ₹182.3 and the 52-week low is ₹126.0.

What is the TTM revenue of Banswara Syntex?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Banswara Syntex is ₹1,259 ( Cr.) .

About Banswara Syntex Ltd

Banswara Syntex was incorporated in 1976 as a joint sector company with RIICO, a government of Rajasthan undertaking and R.L.Toshniwal. Initially it started as a spinning mill with a capacity of 12500 spindles.

Later in 1982, R.L.Toshniwal purchased the entire shares of RIICO. Besides increasing the spinning capacity to 119188 spindles, company also started production of fabric in 1993. The same year, it commenced cloth weaving activity by setting up a state-of-art weaving plant to manufacture quality fabrics in the brand name of â€˜BANTEXâ€™ mainly for domestic market.

In the year 2004, Banswara Syntex started manufacturing of readymade garments and cotton spinning. For readymade garments, a separate unit was set up at Daman to manufacture trousers in the brand name of â€˜INTEGRATIONâ€™. Second garmenting unit was set up in SEZ at Surat.

One year later in 2005 Banswara Textile Mills, an associate firm engaged in fabric finishing activity was amalgamated with the company. The company is also introducing technical fabric and has setup coating unit for the same.

In 2006, company entered into joint venture with French company Carreman. It started production of made-up's and worsted spinning in 2008.

Presently it is a public limited company with the promoters holding 59.44% of equity share capital.

Companyâ€™s present installed capacity is 133588 ring spindles which includes 14400 spindles for worsted yarn spinning, 576 air jet spindles, 194 shuttles-less looms, 12-Air jet jacquard looms, 6 stenters with processing capacity of 4 million meters per month, besides this ready-made garment production capacity for trousers 2.25 lakh pieces and 10000 pieces jackets per month at Daman and Surat. For manufacturing fabrics, it purchases Lycra from international brand, Dupont.

In the domestic market, company caters to major customers includes Raymonds, Reliance Industries, Grasim Industries, Siyaram Silk Mills, Rajasthan Spg. & Wvg. Mills, Donear Suitings, Arviva, Bombay Dyeing & Manufacturing Mills, Indian Rayon, Life Style International etc.

Product range of the company includes:

Yarn
Fabrics
Readymade Garments
Fire Retardant Fabric

Exports - Banswara Syntex exports its products to more than 50 countries including US, UK, Canada, Spain, Germany, Italy, France, Philippines, Turkey and GCC countries.

Awards/recognition

Banswara Syntex is a government recognized two star export house.
The company has also received IS/ISO 9001:2000 certification by the Bureau of Indian Standards.
In the year 2007-08, company bagged award for highest export performance in the category of man made fibre blended fabrics.