Shree Rajasthan Syntex Ltd - Stock Valuation and Financial Performance

BSE: 503837 | NSE: SHRERAJSYN | Textile - Manmade Fibres | Small Cap

Shree Rajasthan Syn. Share Price

18.75 -0.98 -4.97%
as on 21-Nov'24 16:59

DeciZen - make an informed investing decision on Shree Rajasthan Syn.

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Shree Rajasthan Syntex stock performance -

mw4me loader
P/E Ratio (SA):
0.45
Market Cap:
52.5 Cr.
52-wk low:
6.1
52-wk high:
27.8

Is Shree Rajasthan Syntex Ltd an attractive stock to invest in?

1. Is Shree Rajasthan Syntex Ltd a good quality company?

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

2. Is Shree Rajasthan Syntex Ltd undervalued or overvalued?

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

3. Is Shree Rajasthan Syntex Ltd a good buy now?

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

10 Year X-Ray of Shree Rajasthan Syn.:

Analysis of Financial Track Record

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Shree Rajasthan Syntex Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 10.3%8.6%9.3%10.9%4.3%-3.2%-7.1%-8.3%-24.1%0%-
Value Creation
Index
-0.3-0.4-0.3-0.2-0.7-1.2NANANANA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 28829726025522617269.336.650.851.612
Sales YoY Gr.-3.2%-12.7%-1.7%-11.4%-23.9%-59.7%-47.2%38.6%1.7%-
Adj EPS 0.5-3-2.4-1-4.2-18.5-15.8-17.6-26.6-31.542
YoY Gr.--692.2%NANANANANANANANA-
BVPS (₹) 3027.726.124.820.17.5-7.8-24.9-51.5-83.23.2
Adj Net
Profit
0.6-3.8-3-1.2-5.7-25.4-21.6-24.1-36.4-43.2118
Cash Flow from Ops. 25.523.919.912.75.210.9-6.6-2.10.70.8-
Debt/CF from Ops. 54.95.38.118.78.5-15-43.1134.7123.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -17.4%-25.6%-9.4%1.7%
Adj EPS -258.1%NANANA
BVPS-212%-232.8%NANA
Share Price 5.5% 49.8% 71.8% 209.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
1.7-10.5-8.9-3.8-19-134.510283.1107.869.646.8-105
Op. Profit
Mgn %
8.35.65.96.71.2-7.1-5.6-8.7-8.9-5-90
Net Profit
Mgn %
0.2-1.3-1.1-0.5-2.5-14.8-31.2-65.9-71.8-83.7964.1
Debt to
Equity
3.43.43.23.23.59-9.4-2.6-1.3-0.81.1
Working Cap
Days
12112314315316817934858839235969
Cash Conv.
Cycle
45443822100-49-58-46-38-350

Recent Performance Summary

No data to display

Return on Equity is Poor

Sales growth has been subdued in last 3 years -9.35%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at -71.07%

Latest Financials - Shree Rajasthan Syntex Ltd.

Standalone Consolidated
TTM EPS (₹) 42 -
TTM Sales (₹ Cr.) 12.2 -
BVPS (₹.) 3.2 -
Reserves (₹ Cr.) -19 -
P/BV 5.82 -
PE 0.45 -
From the Market
52 Week Low / High (₹) 6.06 / 27.77
All Time Low / High (₹) 1.31 / 152.50
Market Cap (₹ Cr.) 52.5
Equity (₹ Cr.) 28
Face Value (₹) 10
Industry PE 23.4

Management X-Ray of Shree Rajasthan Syn.:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Shree Rajasthan Syn.

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales288.05297.34259.57255.14226.1517269.3336.6350.7751.64
Operating Expenses 264.19280.61246.14237.95223.56184.1673.3939.8055.2954.21
Manufacturing Costs43.2450.7546.5847.3342.5738.4319.7414.6220.1422.71
Material Costs186.09191.76160.58152.92149.33114.8236.1312.6417.2517.72
Employee Cost 26.9829.0428.3130.2522.6321.8713.689.1811.5210.70
Other Costs 7.889.0610.677.449.039.043.833.356.373.08
Operating Profit 23.8616.7313.4217.192.59-12.16-4.06-3.17-4.52-2.57
Operating Profit Margin (%) 8.3%5.6%5.2%6.7%1.1%-7.1%-5.9%-8.7%-8.9%-5.0%
Other Income 2.064.655.222.557.712.021.641.590.171.14
Interest 15.8916.7416.0616.0314.2315.9314.7418.1827.7121.29
Depreciation 9.287.805.314.934.724.494.414.394.3820.37
Exceptional Items 0000010.96000-0.13
Profit Before Tax 0.75-3.16-2.73-1.22-8.65-19.60-21.58-24.14-36.43-43.23
Tax 0.14-1.75-0.63-0.37-2.92-1.870.13000.07
Profit After Tax 0.61-1.42-2.10-0.85-5.73-17.73-21.70-24.14-36.43-43.30
PAT Margin (%) 0.2%-0.5%-0.8%-0.3%-2.5%-10.3%-31.3%-65.9%-71.7%-83.9%
Adjusted EPS (₹)0.5-1.1-1.7-0.7-4.2-12.9-15.8-17.6-26.6-31.6
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 37.1834.4032.3032.3827.5710.20-10.62-34.17-70.54-113.97
Share Capital 12.4012.4012.4013.0513.7013.7013.7013.7013.7013.70
Reserves 24.782219.9019.3313.87-3.50-24.33-47.88-84.25-127.67
Minority Interest0000000000
Debt111.04104.2989.4288.8194.4987.3490.1759.6561.6063.24
Long Term Debt69.6659.234535.0144.7942.3737.775.756.658.29
Short Term Debt41.3745.0644.4253.8049.7044.9752.4053.9054.9554.94
Trade Payables35.3741.5847.7251.6341.0939.1627.1723.3223.2824.72
Others Liabilities 30.1825.5330.0626.9318.5625.4741.3877.43102.35120.59
Total Liabilities 213.77205.81199.50199.74181.71162.17148.09126.23116.6994.58

Fixed Assets

Gross Block263.30255.64238.54224.72220.15216.44214.18214.29214.47215.17
Accumulated Depreciation156.60153.32144.78136.97137.32139.34141.58145.78149.97154.32
Net Fixed Assets106.70102.3393.7587.7582.8377.1072.6068.5264.5060.85
CWIP 3.960.0300000000
Investments 0.400.4000000000
Inventories45.8045.1045.1155.1125.9310.654.923.091.741.10
Trade Receivables14.9714.4411.267.289.902.971.170.921.181.13
Cash Equivalents 1.561.781.090.901.1214.1414.400.720.210.08
Others Assets40.3741.7348.2848.7061.9257.3154.9952.9849.0631.42
Total Assets 213.77205.81199.50199.74181.71162.17148.09126.23116.6994.58

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 25.4723.8519.8912.745.1710.90-6.64-2.050.660.76
PBT 0.75-3.16-2.73-1.22-8.65-19.60-21.58-24.14-36.43-43.23
Adjustment 23.8520.5618.5518.9315.817.8818.0522.6736.5342.22
Changes in Working Capital 1.216.364.02-5.17-1.9122.7-2.86-0.490.791.47
Tax Paid -0.340.100.050.20-0.07-0.09-0.26-0.07-0.230.30
Cash Flow From Investing Activity -13.092.384.951.902.0113.701.040.550.060.11
Capex -13.092.384.471.630.2012.270.17000
Net Investments 000.480000000
Others 0000.271.811.430.870.550.060.11
Cash Flow From Financing Activity -12.41-26.01-25.53-14.84-6.97-11.585.86-12.18-1.23-0.99
Net Proceeds from Shares 0000.650.6500000
Net Proceeds from Borrowing 000-9.899.78-0.160.23-12.99-2.07-0.76
Interest Paid -14.50-16.36-15.35-15.14-13.13-6.70-1.68-0.5400
Dividend Paid 0000000000
Others 2.09-9.65-10.189.54-4.26-4.727.311.350.84-0.23
Net Cash Flow -0.030.22-0.69-0.200.2213.020.26-13.68-0.52-0.12
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)1.66-3.96-6.29-2.64-19.12-93.86N/AN/AN/AN/A
ROCE (%)10.278.649.2810.854.28-3.23N/AN/AN/AN/A
Asset Turnover Ratio1.41.431.31.291.1910.450.270.420.49
PAT to CFO Conversion(x)41.75N/AN/AN/AN/AN/AN/AN/AN/AN/A
Working Capital Days
Receivable Days211818131414111088
Inventory Days52556371653941401710
Payable Days4145681019480200354218227

Shree Rajasthan Syntex Ltd Stock News

Shree Rajasthan Syntex Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Shree Rajasthan Syn. on 21-Nov-2024 16:59 is ₹18.75.
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 Shree Rajasthan Syn. stood at ₹52.52.
The latest P/E ratio of Shree Rajasthan Syn. as of 21-Nov-2024 16:59 is 0.45.
The latest P/B ratio of Shree Rajasthan Syn. as of 21-Nov-2024 16:59 is 5.82.
The 52-week high of Shree Rajasthan Syn. is ₹27.77 and the 52-week low is ₹6.06.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Shree Rajasthan Syn. is ₹12.20 ( Cr.) .

About Shree Rajasthan Syntex Ltd

Shree Rajasthan Syntex is a part of Rs 150-crore Shree Rajasthan Group. The company was incorporated on November 15, 1979 in Rajasthan and was promoted jointly by Rajasthan State Industrial Development & Investment Corporation Limited (RIICO) and three technocrats viz. Ladia, Satish Chandra Agarwal and SR Jain. The company is engaged in the manufacturing of polyester, acrylic & viscose yarns of various counts and blends.

The company's plant is located at Dungarpur in Rajasthan with a capacity to produce 12,000 tonne per annum. Its products include dyed-polyester viscose blended yarn, dyed 100% viscose/100% polyester yarn. The plant manufacturers a range of quality and high value yarns on Cross Roll (UK), Lakshmi Reiter, Schlafhorst (Germany), Savio (Italy) and Leewha (Korea) machines.

The unit has been leader in supply of dyed yarn in domestic markets. A wide variety of yarns ranging from counts Ne 15 to 30 is produced by quality twisting on TFO machines. The unit is producing dyed, milange, grindle, roving grindle and machine slub qualities among other special effect yarns. There is a very large shade range to match colour/effects of various yarns in normal twist as well as reverse twist. The company is exporting its products to Chile, Germany, Kenya, Spain, Syria, Jordan, Brazil, Egypt, Turkey, etc.

In 1989, as a part of its modernisation programme, the company undertook installation of latest carding machines during the year.  The company's high value fancy yarns and new varieties were well received in the market.

The registered office of the company is located at SRSL House, NH-8, Pulla Bhuwana Road, Udaipur, Rajasthan-313004.

Business area of the company:

The company's principal activity is to manufacture and market synthetic blended yarn, cotton yarn and polypropylene multifilament yarn.

Grey yarn - Grey yarn is produced using blends of different synthetic fibre such as polyester/viscose, 100% viscose yarn, 100% polyester fibre yarn and pure cotton. These qualities are produced in SRT division and polycot division of the company. The company has niche markets for 100% viscose fibre yarn. Specialty fibre yarns were developed for industrial and home textile applications.

Dyed yarn - Dyed yarn is produced at Syntex division of the company. These yarns are relatively higher value-added products and made according to customers specification of blend, counts and shades. The company has specialty in producing home textile dyed yarns for end use such as carpets, tapestry and upholstery.

PMF yarn - Polypropylene multifilament yarn is produced at Shree Shyam Filament division of the company at Bagru, Jaipur, POY and texturised yarn is produced for knitting, socks and furnishing applications. BCF yarn is produced for carpet applications.

Group companies:

  • Shree Shyam Filaments
  • Shree Rajasthan Texchem
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