Super Syncotex (India) Ltd - Stock Valuation and Financial Performance

BSE: 503297 | NSE: | Textile - Spinning | Small Cap

BSE Share Price
Not Listed

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Super Syncotex (India) stock performance -

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P/E Ratio (SA):
0.00
Market Cap:
0.8 Cr.
52-wk low:
1.4
52-wk high:
1.4

Is Super Syncotex (India) Ltd an attractive stock to invest in?

1. Is Super Syncotex (India) Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Super Syncotex (India) Ltd is a below average quality company.

2. Is Super Syncotex (India) Ltd undervalued or overvalued?

No data found

3. Is Super Syncotex (India) Ltd a good buy now?

No data found

10 Year X-Ray of Super Syncotex:

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.
Super Syncotex (India) Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'03Mar'04Mar'05Mar'06Mar'07Mar'08Mar'09Mar'10Mar'11Mar'12TTM
ROCE % -8%-8.7%-26.2%-16%-0.5%-0.4%-0.5%-3.1%0.4%-13.2%-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 39.426.115.54.200000.300
Sales YoY Gr.--33.9%-40.7%-72.7%-100%NANANANA-100%-
Adj EPS -7.9-8-8.8-4.2-0.1-0.2-0.1-0.80-0.1-0.1
YoY Gr.-NANANANANANANANA-1000%-
BVPS (₹) -5.1-12.9-21.7-25.7-25.8-25.8-25.90.50.50.4-61.4
Adj Net
Profit
-9.1-9.3-10.2-4.8-0.2-0.2-0.1-0.40-0.10
Cash Flow from Ops. -5.3-4.2-1.5-0.310.81.700-0.10-
Debt/CF from Ops. -9.7-13.2-38.4-200.85.333.641390-2-4.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -100%NANA-100%
Adj EPS NANANA-1000%
BVPSNANANA-19.2%
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'03Mar'04Mar'05Mar'06Mar'07Mar'08Mar'09Mar'10Mar'11Mar'12TTM
Return on
Equity %
1621.496.752.817.90.50.60.52.93.2-200.2
Op. Profit
Mgn %
-3.4-5.4-45.4-62.50000-13.50NAN
Net Profit
Mgn %
-23.1-35.5-65.9-113.700003.30-INF
Debt to
Equity
-8.8-3.7-2.3-1.9-1.9-1.9-1.90.10.40.7-
Working Cap
Days
120149161267000063900
Cash Conv.
Cycle
589382230000-31600

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 0.50%

Sales growth has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Super Syncotex (India) Ltd.

Standalone Consolidated
TTM EPS (₹) -0.1 -
TTM Sales (₹ Cr.) 0 -
BVPS (₹.) -61.4 -
Reserves (₹ Cr.) -41 -
P/BV -0.02 -
PE 0.00 -
From the Market
52 Week Low / High (₹) 1.44 / 1.44
All Time Low / High (₹) 0.42 / 72.50
Market Cap (₹ Cr.) 0.8
Equity (₹ Cr.) 5.8
Face Value (₹) 10
Industry PE 29.1

Management X-Ray of Super Syncotex:

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 Super Syncotex

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'03Mar'04Mar'05Mar'06Mar'07Mar'08Mar'09Mar'10Mar'11Mar'12
Sales39.4126.0715.474.2200000.260
Operating Expenses 40.7727.4922.586.930.190.170.240.580.290.05
Manufacturing Costs9.589.777.842.82000000
Material Costs21.198.592.860.2100000.250
Employee Cost 7.226.726.061.700.0100.03000
Other Costs 2.782.415.822.200.180.170.210.580.040.05
Operating Profit -1.36-1.41-7.11-2.70-0.19-0.17-0.24-0.58-0.03-0.05
Operating Profit Margin (%) -3.4%-5.4%-46.0%-64.0%-----13.5%-
Other Income 0.190.140.120.450.060.060.100.150.050
Interest 5.305.460.790.0400.070000
Depreciation 2.472.482.472.45000000
Exceptional Items 00000000-0.010
Profit Before Tax -8.94-9.22-10.25-4.73-0.14-0.18-0.14-0.430-0.05
Tax 0.170.0100.02000000
Profit After Tax -9.11-9.22-10.25-4.75-0.14-0.18-0.14-0.430-0.05
PAT Margin (%) -23.1%-35.4%-66.3%-112.0%----0.4%-
Adjusted EPS (₹)-7.9-8.0-8.9-4.1-0.1-0.2-0.1-0.80.0-0.1
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'03Mar'04Mar'05Mar'06Mar'07Mar'08Mar'09Mar'10Mar'11Mar'12

Equity and Liabilities

Shareholders Fund -4.96-14.19-24.44-29.19-29.33-29.51-29.650.270.270.22
Share Capital 11.5511.5511.5511.5511.5511.5511.555.775.775.77
Reserves -16.51-25.73-35.99-40.74-40.88-41.06-41.20-5.50-5.50-5.55
Minority Interest0000000000
Debt51.5055.5256.7356.7257.0757.4157.530.040.100.15
Long Term Debt51.5055.5256.7356.7257.0757.4157.530.040.100.15
Short Term Debt0000000000
Trade Payables3.292.501.821.621.591.541.530.300.520.52
Others Liabilities 1.242.502.052.662.332.052.030.160.150.15
Total Liabilities 51.0746.3336.1531.8231.6631.4931.440.771.051.05

Fixed Assets

Gross Block58.1258.1958.1557.7557.7557.7557.750.280.280.28
Accumulated Depreciation22.7325.1927.6129.8529.8529.8529.85000
Net Fixed Assets35.393330.5427.9027.9027.9027.900.280.270.27
CWIP 0.500.440.440.440.440.440.440.170.180.18
Investments 0.010.010.010000000
Inventories6.163.841.080.700.700.700.700.070.070.07
Trade Receivables6.336.591.240.050.020000.260.26
Cash Equivalents 0.280.140.050.040.010.010.030.010.010.03
Others Assets2.382.312.792.682.592.442.380.250.260.24
Total Assets 51.0746.3336.1531.8231.6631.4931.440.771.051.05

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'02Mar'03Mar'04Mar'05Mar'06Mar'07Mar'08Mar'09Mar'11Mar'12
Cash Flow From Operating Activity -3.91-5.29-4.22-1.48-0.2810.761.710.01-0.05-0.03
PBT -14.01-8.95-9.22-10.25-4.73-0.14-0.18-0.140.01-0.05
Adjustment 7.067.668.023.312.480.110.170.1000
Changes in Working Capital 8.161.192.366.21.9810.81.780.05-0.060.02
Tax Paid -0.22-0.17-0.010000000
Cash Flow From Investing Activity -12.82-1.13-0.020.080.27000-0.010
Capex -11.78-1.15-0.030.080.24000-0.010
Net Investments 00.030.0100.0300000
Others -1.04000000000
Cash Flow From Financing Activity 16.696.224.101.300-10.79-1.7000.060.05
Net Proceeds from Shares 4.450.3000000000
Net Proceeds from Borrowing 12.245.924.101.300-10.79-1.7000.060.05
Interest Paid 0000000000
Dividend Paid 0000000000
Others 0000000000
Net Cash Flow -0.04-0.20-0.14-0.10-0.01-0.040.010.0100.01
PARTICULARSMar'03Mar'04Mar'05Mar'06Mar'07Mar'08Mar'09Mar'10Mar'11Mar'12
Ratios
ROE (%)N/AN/AN/AN/AN/AN/AN/A00.36-20.01
ROCE (%)N/AN/AN/AN/AN/AN/AN/A-3.090.39-13.22
Asset Turnover Ratio0.90.650.450.1500000.280
PAT to CFO Conversion(x)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Working Capital Days
Receivable Days5174764500001830
Inventory Days575848630000990
Payable Days971232763,02100006010

Super Syncotex (India) Ltd Stock News

Super Syncotex (India) Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Super Syncotex on 01-Jan-1970 05:30 is ₹0.00.
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 01-Jan-1970 05:30 the market cap of Super Syncotex stood at ₹0.83.
The latest P/E ratio of Super Syncotex as of 01-Jan-1970 05:30 is 0.00.
The latest P/B ratio of Super Syncotex as of 01-Jan-1970 05:30 is -0.02.
The 52-week high of Super Syncotex is ₹1.44 and the 52-week low is ₹1.44.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Super Syncotex is ₹0.00 ( Cr.) .

About Super Syncotex (India) Ltd

Super Syncotex (India) was incorporated in the year 1981. The company is a spinning and weaving industry of 30,000 and 100 looms.

The company has two industrial units: namely Village Khari-Ka-Lamba (Distt. Bhifwara) (spinning factory) engaged in the manufacturing of yarn. The unit is temporarily inoperative since November 2005 and at Jaipur. The unit is under operationalization and proposes to start Yarn Doubling' activity. Due to accumulated losses of the company, the net worth of the company has become negative and so the company was declared sick.

The scheme of arrangement for demerger was framed on June 23, 2009 where the Board for Industrial & Financial Reconstruction (BIFR) has approved the demerger of Khari- ka Lamba unit of the company and accordingly the said unit shall stand merged into Suzuki Textiles Ltd (STL). In consideration of demerger of the said unit STL shall issue shares to the shareholders of the company in the ratio of one equity share of STL against 50 equity shares of the company after reduction of 50% share capital of the company. In other words STL shall issue 1,15,463 equity shares of Rs 10 each.

Products Offered:

1) Yellow duster made of 100% cotton flannel of different sizes and weight.

2) Semi-precious stone jewellery made in silver.

3) Synthetic and cotton yarn.

4) Woven fabrics and knitted fabrics

5) Trousers and shirts & knitted T shirts.

6) Surgical cotton.

7) Table cloth, table mat, napkin, cushion cover, Pillow covers and aprons.

8) Reflective jacket, safety vest and boiler suits.

The company was registered as a Sick Industrial Company under Section 15 (1) of SICA by the BIFR on January 3, 2006. It has  defaulted to the financial institutions and banks against both principal and interest on the term loans. The company approached the financial institutions and banks for One Time Settlement (OTS) of outstanding loans and interest accrued.

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