BSE: 530035 | NSE: | Textile - Weaving | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Santosh Fine-Fab Ltd is a average quality company.
The key valuation ratios of Santosh Fine-Fab 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 Santosh Fine-Fab 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'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 7% | 7.6% | 4.9% | 3.8% | 3.7% | 0.1% | -9.8% | 3.1% | 4.4% | -6.3% | - |
| Value Creation Index ⓘ | -0.5 | -0.5 | -0.7 | -0.7 | -0.7 | -1.0 | -1.7 | -0.8 | -0.7 | -1.5 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 35 | 29.7 | 26.2 | 23.3 | 23.4 | 20.1 | 7.4 | 13.2 | 16.4 | 12.9 | 14 |
| Sales YoY Gr. | - | -15.2% | -11.6% | -11.1% | 0.4% | -14.4% | -63.1% | 77.8% | 24.3% | -21.2% | - |
| Adj EPS ⓘ | 0.2 | 0.7 | 0.2 | 0 | -0.1 | -1.2 | -3.2 | -0.3 | -0.1 | -2.7 | -2.3 |
| YoY Gr. | - | 195.5% | -64.6% | -87% | -266.7% | NA | NA | NA | NA | NA | - |
| BVPS (₹) ⓘ | 23.1 | 23.8 | 24.1 | 24.3 | 24.3 | 22.9 | 19.7 | 19.5 | 19.5 | 16.7 | 16.1 |
| Adj Net Profit ⓘ | 0.1 | 0.2 | 0.1 | 0 | 0 | -0.4 | -1.1 | -0.1 | 0 | -0.9 | -1 |
| Cash Flow from Ops. ⓘ | 0.7 | 2.9 | 1.3 | -1.6 | 0.4 | 0.8 | 0.9 | -0.3 | 0.9 | 1.3 | - |
| Debt/CF from Ops. ⓘ | 8.3 | 1.1 | 1.9 | -2.9 | 13.9 | 5.5 | 4.8 | -16.6 | 5.5 | 3.7 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -10.5% | -11.2% | 20.4% | -21.2% | ||||
| Adj EPS ⓘ | -232% | NA | NA | NA | ||||
| BVPSⓘ | -3.5% | -7.2% | -5.3% | -14.2% | ||||
| Share Price | 19.6% | 33.1% | 47% | 7.6% | ||||
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 % ⓘ | 1 | 2.9 | 1 | 0.1 | -0.2 | -5.3 | -15.3 | -1.4 | -0.3 | -15.1 | -14.2 |
| Op. Profit Mgn % ⓘ | -1.3 | 1.1 | -0.2 | -0.1 | 2.4 | 0.4 | -12.9 | 3.2 | 3.7 | -3.7 | -2.5 |
| Net Profit Mgn % ⓘ | 0.2 | 0.8 | 0.3 | 0.1 | -0.1 | -2.2 | -15.1 | -0.7 | -0.1 | -7.3 | -5.8 |
| Debt to Equity ⓘ | 0.7 | 0.4 | 0.3 | 0.6 | 0.6 | 0.6 | 0.6 | 0.8 | 0.7 | 0.8 | 0 |
| Working Cap Days ⓘ | 175 | 182 | 182 | 211 | 247 | 281 | 563 | 310 | 258 | 295 | 171 |
| Cash Conv. Cycle ⓘ | 119 | 131 | 134 | 162 | 175 | 184 | 424 | 245 | 195 | 227 | 59 |
Sales growth is growing at healthy rate in last 3 years 20.35%
Debt to equity has declined versus last 3 years average to 0.84
Return on Equity is Poor
Sales growth is not so good in last 4 quarters at 3.24%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -2.3 | - |
| TTM Sales (₹ Cr.) | 14.2 | - |
| BVPS (₹.) ⓘ | 16.1 | - |
| Reserves (₹ Cr.) ⓘ | 2 | - |
| P/BV ⓘ | 1.91 | - |
| PE ⓘ | 0.00 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 19.10 / 40.60 |
| All Time Low / High (₹) | 3.01 / 40.60 |
| Market Cap (₹ Cr.) | 10.8 |
| Equity (₹ Cr.) | 3.5 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 19.1 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 34.98 | 29.67 | 26.23 | 23.32 | 23.42 | 20.06 | 7.40 | 13.16 | 16.36 | 12.90 |
| Operating Expenses ⓘ | 35.44 | 29.35 | 26.29 | 23.34 | 22.85 | 19.98 | 8.36 | 12.74 | 15.75 | 13.39 |
| Manufacturing Costs | 4.48 | 3.72 | 9.50 | 8.93 | 10.63 | 11.54 | 4.07 | 8.28 | 10.78 | 8.04 |
| Material Costs | 25.12 | 21.07 | 12.36 | 10.29 | 8.87 | 4.78 | 2.14 | 1.32 | 0.78 | 1.59 |
| Employee Cost | 1.64 | 1.33 | 1.56 | 1.74 | 1.88 | 2.04 | 1.14 | 1.74 | 2.24 | 2.19 |
| Other Costs ⓘ | 4.20 | 3.23 | 2.87 | 2.38 | 1.48 | 1.62 | 1.01 | 1.39 | 1.95 | 1.57 |
| Operating Profit ⓘ | -0.46 | 0.32 | -0.06 | -0.02 | 0.57 | 0.08 | -0.96 | 0.42 | 0.61 | -0.48 |
| Operating Profit Margin (%) | -1.3% | 1.1% | -0.2% | -0.1% | 2.4% | 0.4% | -12.9% | 3.2% | 3.7% | -3.7% |
| Other Income ⓘ | 1.67 | 0.88 | 0.78 | 0.67 | 0.15 | 0.16 | 0.03 | 0.13 | 0.12 | 0 |
| Interest ⓘ | 0.83 | 0.60 | 0.36 | 0.37 | 0.48 | 0.50 | 0.48 | 0.48 | 0.51 | 0.57 |
| Depreciation ⓘ | 0.29 | 0.24 | 0.19 | 0.20 | 0.22 | 0.22 | 0.21 | 0.20 | 0.21 | 0.21 |
| Exceptional Items ⓘ | 0.03 | 0 | 0 | 0 | 0 | 0 | -0.01 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0.13 | 0.35 | 0.18 | 0.08 | 0.01 | -0.49 | -1.62 | -0.13 | 0.01 | -1.26 |
| Tax ⓘ | 0.02 | 0.11 | 0.06 | 0.02 | 0 | -0.06 | -0.50 | -0.04 | 0.02 | -0.32 |
| Profit After Tax | 0.12 | 0.24 | 0.12 | 0.05 | 0 | -0.43 | -1.12 | -0.09 | -0.01 | -0.94 |
| PAT Margin (%) | 0.3% | 0.8% | 0.5% | 0.2% | 0.0% | -2.2% | -15.2% | -0.7% | -0.1% | -7.3% |
| Adjusted EPS (₹) | 0.3 | 0.7 | 0.4 | 0.2 | 0.0 | -1.3 | -3.3 | -0.3 | 0.0 | -2.7 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 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 | 7.92 | 8.16 | 8.28 | 8.34 | 8.34 | 7.87 | 6.76 | 6.69 | 6.70 | 5.75 |
| Share Capital ⓘ | 3.43 | 3.43 | 3.43 | 3.43 | 3.43 | 3.43 | 3.43 | 3.43 | 3.43 | 3.43 |
| Reserves ⓘ | 4.49 | 4.73 | 4.85 | 4.90 | 4.91 | 4.44 | 3.33 | 3.26 | 3.26 | 2.31 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 5.63 | 3.21 | 2.36 | 4.63 | 4.79 | 4.50 | 4.03 | 4.84 | 4.53 | 4.71 |
| Long Term Debt | 0 | 0 | 0.09 | 0.03 | 0 | 0 | 0.42 | 0.36 | 0.13 | 0 |
| Short Term Debt | 5.63 | 3.21 | 2.27 | 4.60 | 4.79 | 4.50 | 3.62 | 4.48 | 4.39 | 4.71 |
| Trade Payables | 2.93 | 2.82 | 2.95 | 2.36 | 5.35 | 2.76 | 1.70 | 1.80 | 2.56 | 1.39 |
| Others Liabilities ⓘ | 1.63 | 0.73 | 1.02 | 0.64 | 2.33 | 0.92 | 0.56 | 0.66 | 0.54 | 0.17 |
| Total Liabilities ⓘ | 18.12 | 14.91 | 14.61 | 15.98 | 20.81 | 16.06 | 13.05 | 13.99 | 14.33 | 12.01 |
Fixed Assets | ||||||||||
| Gross Block | 8.21 | 8.23 | 8.49 | 8.93 | 9 | 9.04 | 8.92 | 9.12 | 9.14 | 9.17 |
| Accumulated Depreciation | 6.42 | 6.66 | 6.85 | 7.05 | 7.27 | 7.50 | 7.56 | 7.72 | 7.94 | 8.15 |
| Net Fixed Assetsⓘ | 1.79 | 1.57 | 1.64 | 1.88 | 1.73 | 1.54 | 1.35 | 1.40 | 1.20 | 1.02 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Inventories | 8.68 | 6.10 | 7.54 | 7.71 | 8.95 | 6.38 | 5.50 | 6.01 | 7.07 | 6.49 |
| Trade Receivables | 5.97 | 6.62 | 4.87 | 5.74 | 9.18 | 7.31 | 5.58 | 5.88 | 5.49 | 3.23 |
| Cash Equivalents | 0.06 | 0.07 | 0.09 | 0.05 | 0.02 | 0.01 | 0.02 | 0.02 | 0.02 | 0.87 |
| Others Assetsⓘ | 1.62 | 0.55 | 0.46 | 0.59 | 0.93 | 0.80 | 0.58 | 0.67 | 0.54 | 0.40 |
| Total Assets ⓘ | 18.12 | 14.91 | 14.61 | 15.98 | 20.81 | 16.06 | 13.05 | 13.99 | 14.33 | 12.01 |
| 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 ⓘ | 0.68 | 2.92 | 1.31 | -1.61 | 0.35 | 0.82 | 0.86 | -0.31 | 0.87 | 1.31 |
| PBT ⓘ | 0.13 | 0.35 | 0.18 | 0.08 | 0.01 | -0.53 | -1.61 | -0.13 | 0.01 | -1.26 |
| Adjustment ⓘ | 1.14 | 0.70 | 0.59 | 0.45 | 0.66 | 0.78 | 0.70 | 0.90 | 0.89 | 0.81 |
| Changes in Working Capital ⓘ | -0.4 | 2.05 | 0.74 | -2.07 | -0.33 | 0.61 | 1.73 | -1 | 0.04 | 1.79 |
| Tax Paid ⓘ | -0.20 | -0.18 | -0.14 | -0.05 | 0.01 | -0.03 | 0.10 | -0.01 | -0.03 | -0.01 |
| Cash Flow From Investing Activity ⓘ | 0.15 | 0.06 | -0.21 | -0.39 | -0.06 | -0.03 | -0.01 | -0.24 | -0.02 | -0.03 |
| Capex | 0.05 | -0.02 | -0.26 | -0.44 | -0.07 | -0.04 | -0.03 | -0.24 | -0.02 | -0.03 |
| Net Investments | -0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0.12 | 0.09 | 0.04 | 0.05 | 0.02 | 0.01 | 0.01 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | -0.87 | -2.97 | -1.07 | 1.96 | -0.33 | -0.79 | -0.84 | 0.53 | -0.85 | -0.44 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0.09 | -0.06 | -0.03 | 0 | 0.42 | -0.06 | -0.22 | -0.13 |
| Interest Paid ⓘ | -0.71 | -0.55 | -0.30 | -0.32 | -0.45 | -0.47 | -0.46 | -0.46 | -0.50 | -0.52 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -0.16 | -2.43 | -0.87 | 2.33 | 0.16 | -0.33 | -0.80 | 1.05 | -0.13 | 0.22 |
| Net Cash Flow ⓘ | -0.04 | 0.01 | 0.02 | -0.04 | -0.04 | 0 | 0.01 | -0.01 | 0 | 0.85 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 1.49 | 2.96 | 1.5 | 0.66 | 0.05 | -5.32 | -15.36 | -1.33 | -0.21 | -15.1 |
| ROCE (%) | 7.04 | 7.64 | 4.85 | 3.75 | 3.74 | 0.1 | -9.79 | 3.14 | 4.43 | -6.27 |
| Asset Turnover Ratio | 1.85 | 1.8 | 1.78 | 1.52 | 1.33 | 1.18 | 0.58 | 1.05 | 1.28 | 1.09 |
| PAT to CFO Conversion(x) | 5.67 | 12.17 | 10.92 | -32.2 | N/A | N/A | N/A | N/A | N/A | N/A | Working Capital Days |
| Receivable Days | 64 | 77 | 80 | 83 | 111 | 138 | 278 | 147 | 114 | 111 |
| Inventory Days | 95 | 91 | 95 | 119 | 124 | 129 | 256 | 148 | 131 | 172 |
| Payable Days | 53 | 50 | 85 | 94 | 159 | 309 | 380 | 484 | 1,028 | 454 |
Santosh Fine-Fab was originally incorporated on the October 16, 1981, as Himalaya Silk Mills. The Santosh group took over Himalaya Silk Mills in 1987. The business under the said name was carried on till April 22, 1992, thereafter the name of the company was changed to Santosh Fine-Fab so that it got closely identified with the Santosh Group, which has an established name in the market. Subsequently, the company was converted into a limited company with effect from October 6, 1994 and a fresh certificate of change of name dated October 18, 1994 was obtained from Registrar of Companies, Maharashtra, Bombay.
The company has an existing weaving unit at Plot No. L- 40, MIDC, Tarapur, Dist Thane, with a capacity of 6.88 lakh metres of suiting per annum.
The company was originally promoted by Ramniranjan Kedia, Sureshchand Kedia, Sarda Devi Kedia and Prahladrai Poddar. It was dormant till the take over by the Santosh Group by way of induction of directors on April 10, 1987 and acquisition of shares, which got transferred in the company’s books on April 18, 1987. The company then started operations of the present factory and commercial production was started in July 1988.
In the first year of operations (15 months ended March 1989) the company achieved a net sales of Rs 73.96 lakh on which it incurred a loss of Rs 6.4 lakh.
Business area of the company
Santosh Fine-Fab is engaged in manufactures grey fabrics. The grey fabric is processed, on job work basis, at reputed process houses. The finished cloth is subsequently sold through its dealer network.
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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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