BSE: 514348 | NSE: WINSOME | Textile - Spinning | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Winsome Yarns Ltd is a below average quality company.
The key valuation ratios of Winsome Yarns 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 Winsome Yarns 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.
| Sep'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | -9.5% | -10% | -5.1% | -4.2% | -4.6% | -36.4% | -20.6% | -10.3% | -8.1% | -16.4% | - |
| Value Creation Index ⓘ | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 404 | 403 | 375 | 371 | 333 | 250 | 107 | 35.7 | 43.5 | 30.9 | 27 |
| Sales YoY Gr. | - | -0.3% | -7% | -0.9% | -10.3% | -24.9% | -57.3% | -66.6% | 21.7% | -28.9% | - |
| Adj EPS ⓘ | -14.8 | -13.4 | -4.2 | -2.4 | -2.9 | -7.5 | -5.5 | -3 | -2.1 | -3.7 | -1.7 |
| YoY Gr. | - | NA | NA | NA | NA | NA | NA | NA | NA | NA | - |
| BVPS (₹) ⓘ | -10 | -33.6 | -21.1 | -23.6 | -26.1 | -42.3 | -49.1 | -52.1 | -54.1 | -57.8 | -59.1 |
| Adj Net Profit ⓘ | -105 | -95 | -29.9 | -16.6 | -20.3 | -52.7 | -38.9 | -21.2 | -14.6 | -26.4 | -12 |
| Cash Flow from Ops. ⓘ | -7.3 | 13.8 | 4.3 | -1 | 1.4 | 0.9 | 0.1 | -0.4 | -0.4 | -0.3 | - |
| Debt/CF from Ops. ⓘ | -74.1 | 77.6 | 130.3 | -562.1 | 413.6 | 624.7 | 7541.7 | -1384.9 | -1381.8 | -2149.8 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -24.8% | -37.8% | -33.9% | -28.9% | ||||
| Adj EPS ⓘ | NA | NA | NA | NA | ||||
| BVPSⓘ | NA | NA | NA | NA | ||||
| Share Price | 6.5% | 33.9% | 67.2% | -4.1% | ||||
Performance Ratio Colour Code Guide ⓘ
| Sep'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 709.4 | 50.2 | 22.4 | 10.6 | 11.6 | 21.8 | 12 | 5.9 | 3.9 | 6.7 | 2.9 |
| Op. Profit Mgn % ⓘ | -10.1 | -19.1 | -1.7 | 0.1 | -1.6 | -4.1 | -18.6 | -16 | 0.2 | -55.1 | -19.5 |
| Net Profit Mgn % ⓘ | -26 | -23.6 | -8 | -4.5 | -6.1 | -21.1 | -36.4 | -59.3 | -33.5 | -85.2 | -44.1 |
| Debt to Equity ⓘ | -7.6 | -4.5 | -3.8 | -3.4 | -3 | -1.9 | -1.6 | -1.5 | -1.5 | -1.4 | - |
| Working Cap Days ⓘ | 283 | 418 | 196 | 206 | 234 | 227 | 278 | 641 | 535 | 635 | 454 |
| Cash Conv. Cycle ⓘ | 172 | 261 | 118 | 117 | 123 | 84 | 11 | 21 | -20 | -41 | -6,331 |
No data to display
Return on Equity has declined versus last 3 years average to 2.90%
Sales growth has been subdued in last 3 years -33.85%
Sales growth is not so good in last 4 quarters at -33.97%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -1.7 | -3.7 |
| TTM Sales (₹ Cr.) | 27.4 | 30.9 |
| BVPS (₹.) ⓘ | -59.1 | 0 |
| Reserves (₹ Cr.) ⓘ | -489 | -480 |
| P/BV ⓘ | -0.06 | 0.00 |
| PE ⓘ | 0.00 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 2.90 / 4.50 |
| All Time Low / High (₹) | 0.33 / 51.10 |
| Market Cap (₹ Cr.) | 26.4 |
| Equity (₹ Cr.) | 70.7 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 26.4 |
| Pledged * | 95.03 | 95.03 | 95.03 | 95.03 | 95.03 | 95.03 | 95.03 | 95.03 | 95.03 | 95.03 |
| PARTICULARS | Sep'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 403.96 | 201.35 | 374.68 | 371.20 | 333.04 | 250.25 | 106.85 | 35.71 | 43.47 | 30.93 |
| Operating Expenses ⓘ | 445.17 | 239.77 | 381.16 | 371.62 | 338.26 | 260.63 | 126.78 | 41.47 | 43.47 | 48.05 |
| Manufacturing Costs | 62.40 | 33.72 | 68.71 | 63.77 | 53.30 | 43.40 | 28.48 | 13.33 | 15.61 | 14.22 |
| Material Costs | 312.80 | 180.47 | 253.52 | 253.23 | 229.53 | 162.85 | 57.61 | 5.90 | 3.56 | 11.67 |
| Employee Cost | 26 | 13.09 | 27.67 | 32.34 | 35.24 | 33.54 | 25.94 | 17.80 | 18.61 | 16.07 |
| Other Costs ⓘ | 43.97 | 12.50 | 31.27 | 22.28 | 20.19 | 20.83 | 14.74 | 4.44 | 5.69 | 6.10 |
| Operating Profit ⓘ | -41.21 | -38.43 | -6.48 | -0.43 | -5.23 | -10.37 | -19.92 | -5.76 | 0.01 | -17.12 |
| Operating Profit Margin (%) | -10.2% | -19.1% | -1.7% | -0.1% | -1.6% | -4.1% | -18.6% | -16.1% | 0.0% | -55.3% |
| Other Income ⓘ | 24.78 | 3.18 | 4.19 | 1.95 | 1.82 | 2.04 | 1.19 | 0.17 | 0.25 | 4.71 |
| Interest ⓘ | 64 | 2.76 | 8.93 | 0.53 | 0.44 | 0.43 | 0.10 | 0.69 | 0.02 | 0.13 |
| Depreciation ⓘ | 21.76 | 8.74 | 18.78 | 18.13 | 17.07 | 16.10 | 15.25 | 14.93 | 14.86 | 13.87 |
| Exceptional Items ⓘ | -9.44 | 0 | 0 | 0 | 2.97 | -90.16 | -14.14 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | -111.63 | -46.75 | -30 | -17.13 | -17.95 | -115.02 | -48.22 | -21.21 | -14.63 | -26.42 |
| Tax ⓘ | 0 | 0 | 0 | 0.06 | 0 | 0 | 0.44 | 0 | 0 | 0 |
| Profit After Tax | -111.63 | -46.75 | -30 | -17.19 | -17.95 | -115.02 | -48.66 | -21.21 | -14.63 | -26.42 |
| PAT Margin (%) | -27.6% | -23.2% | -8.0% | -4.6% | -5.4% | -46.0% | -45.5% | -59.4% | -33.6% | -85.4% |
| Adjusted EPS (₹) | -15.8 | -6.6 | -4.2 | -2.4 | -2.5 | -16.3 | -6.9 | -3.0 | -2.1 | -3.7 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Sep'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | -70.64 | -118.63 | -148.72 | -166.67 | -184.49 | -299.36 | -347.37 | -368.58 | -382.55 | -408.97 |
| Share Capital ⓘ | 70.82 | 70.82 | 70.82 | 70.71 | 70.71 | 70.71 | 70.71 | 70.71 | 70.71 | 70.71 |
| Reserves ⓘ | -141.47 | -189.45 | -219.55 | -237.38 | -255.19 | -370.06 | -418.07 | -439.29 | -453.26 | -479.68 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 437 | 411.08 | 499.17 | 557.67 | 557.29 | 556.58 | 556.58 | 556.58 | 556.58 | 556.58 |
| Long Term Debt | 150.05 | 129.52 | 499.17 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short Term Debt | 286.94 | 281.56 | 0 | 557.67 | 557.29 | 556.58 | 556.58 | 556.58 | 556.58 | 556.58 |
| Trade Payables | 59.10 | 41.53 | 52.20 | 61.98 | 56.46 | 43.04 | 36.07 | 33.80 | 37.46 | 34.52 |
| Others Liabilities ⓘ | 155.79 | 171.72 | 91.49 | 29.37 | 34.68 | 32.79 | 38.57 | 43.82 | 43.94 | 34.54 |
| Total Liabilities ⓘ | 581.25 | 505.70 | 494.14 | 482.35 | 463.93 | 333.05 | 283.85 | 265.62 | 255.42 | 216.66 |
Fixed Assets | ||||||||||
| Gross Block | 497.86 | 497.86 | 497.24 | 495.18 | 496.17 | 496.73 | 496.87 | 496.87 | 496.87 | 496.87 |
| Accumulated Depreciation | 210.80 | 220.77 | 239.08 | 256.78 | 273.68 | 289.77 | 305.03 | 319.96 | 334.82 | 348.70 |
| Net Fixed Assetsⓘ | 287.06 | 277.08 | 258.16 | 238.40 | 222.50 | 206.96 | 191.84 | 176.91 | 162.05 | 148.18 |
| CWIP ⓘ | 0 | 0 | 0 | 0.36 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 26.79 | 26.79 | 26.79 | 26.79 | 26.79 | 25.68 | 25.68 | 25.68 | 25.68 | 25.68 |
| Inventories | 98.23 | 42.85 | 50.51 | 57.53 | 42.38 | 28.69 | 11.59 | 10.70 | 12.22 | 5.53 |
| Trade Receivables | 119.96 | 118.45 | 122.18 | 120.62 | 121.85 | 17.36 | 15.19 | 13.91 | 13.82 | 2.93 |
| Cash Equivalents | 5.17 | 2.86 | 5.75 | 1.94 | 2.41 | 2.02 | 2.17 | 1.83 | 1.52 | 1.38 |
| Others Assetsⓘ | 44.04 | 37.67 | 30.75 | 36.71 | 48 | 52.34 | 37.38 | 36.59 | 40.12 | 32.95 |
| Total Assets ⓘ | 581.25 | 505.70 | 494.14 | 482.35 | 463.93 | 333.05 | 283.85 | 265.62 | 255.42 | 216.66 |
| PARTICULARS | Sep'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -7.28 | 6.88 | 4.28 | -0.99 | 1.35 | 0.89 | 0.07 | -0.40 | -0.40 | -0.26 |
| PBT ⓘ | -102.19 | -46.75 | -30 | -17.21 | -17.82 | -114.87 | -47.57 | -21.21 | -13.98 | -26.42 |
| Adjustment ⓘ | 75.73 | 4.44 | 38.49 | 18.14 | 17.08 | 16.05 | 14.98 | 14.90 | 14.80 | 13.79 |
| Changes in Working Capital ⓘ | 19.18 | 49.19 | -4.21 | -1.94 | 2.12 | 99.81 | 32.78 | 6.05 | -1.07 | 11.9 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0.02 | -0.03 | -0.10 | -0.12 | -0.15 | -0.16 | 0.47 |
| Cash Flow From Investing Activity ⓘ | 5.91 | -2.45 | 0.64 | -0.86 | -0.51 | -0.31 | 0.13 | 0.12 | 0.10 | 0.12 |
| Capex | -0.26 | -2.54 | 0.08 | -1.23 | -0.81 | -0.56 | -0.14 | 0 | 0 | 0 |
| Net Investments | 5.28 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0.89 | 0.09 | 0.56 | 0.37 | 0.30 | 0.25 | 0.27 | 0.12 | 0.10 | 0.12 |
| Cash Flow From Financing Activityⓘ | -1.57 | -6.74 | -2.02 | -1.96 | -0.37 | -0.97 | -0.06 | -0.06 | 0 | 0 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | -0.71 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | -43.56 | -2.75 | -21.30 | -0.45 | -0.37 | -0.26 | -0.06 | -0.06 | 0 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 41.99 | -3.99 | 19.28 | -1.51 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | -2.93 | -2.31 | 2.89 | -3.81 | 0.47 | -0.39 | 0.15 | -0.34 | -0.30 | -0.14 |
| PARTICULARS | Sep'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| ROCE (%) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Asset Turnover Ratio | 0.62 | 0.37 | 0.75 | 0.76 | 0.7 | 0.63 | 0.35 | 0.13 | 0.17 | 0.13 |
| PAT to CFO Conversion(x) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | Working Capital Days |
| Receivable Days | 127 | 216 | 117 | 119 | 133 | 102 | 56 | 149 | 116 | 99 |
| Inventory Days | 111 | 128 | 45 | 53 | 55 | 52 | 69 | 114 | 96 | 105 |
| Payable Days | 88 | 100 | 67 | 82 | 94 | 112 | 251 | 2,160 | 3,651 | 1,126 |
With an eye on increasing business opportunities being offered by the textile industry, Winsome established a spinning unit at Baddi in Himachal Pradesh in 1980. Since then its textile ventures are :
Winsome Yarn incorporated in 1987 is one of the largest producer of Melange Yarn in India, it produces Melange Yarn for circular knitting, socks, weaving and knitwear. Its count range is NE 10s to NE 80s both carded and combed, single & folded. It also offers Gassed Mercerised Melange.Winsome yarn is one of Leading and ISO 9002 certified manufacturer exporter of raw white, Compact, melange and dyed yarn made of 100% cotton & cotton/ blends with viscose, polyester, modal, linen, wool, silk etc.
It has most modern plant and machinery ( Rieter Setup ) with 2,00,000 spindles with capacity to produce about 150 tons of yarn per day and dye house to dye about 25 tons of fiber/yarn per day. The company is always trying to improve existing product quality and add new innovative products for esteemed customers. Customer service on top priority,it keep taking regular feedback through surveys and customer communication which in turn helps us not only in enhancing customer relations but also for self-improvement.
Its forte -- one of the Largest Yarn/ Fiber Dyeing Facility in India Oeko-Tex certification for use of Azo free dyes .
GOTS cerification for organic cotton yarn, wide range of lot sizes from 4 Kg – 2000 Kgs in single Lot. iy also has Oeko-Tex certification for raw white, melange & dyed cellulosic fibers which include cotton, viscose, linen, & modal & GOTS Cerification.
All their spinning units of the company are equipped with latest machinery from Reiter, Lakshmi, Schlafhorst and Murata. Special stress has been given to minimise contamination, both at pre-spinning and post-spinning stages by adding machines like Vision Shield in Blow Room and Schlafhorst-338 with LOEPFE - 9001 (SIRO CLEANER) Contamination Control Channel at winding stage.
The dye house is a fully imported plant with precision winder from SSM, dyeing vessels from Cubotex, hydro extractor from Galvanin & R/F dryer from Stalam. They can develop any shade in Melange / package dyed / fiber dyed yarns here.
Product range of the company includes:
Achievements/ recognition:-
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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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