Past 10 year’s financial track record analysis by Moneyworks4me indicates that Dhanlaxmi Fabrics Ltd is a below average quality company.
The key valuation ratios of Dhanlaxmi Fabrics 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 Dhanlaxmi Fabrics 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 % ⓘ | 9% | 6.6% | 11.2% | 7.3% | 12% | 5.6% | 2.1% | 2.6% | 3.1% | -11.7% | - |
| Value Creation Index ⓘ | -0.4 | -0.5 | -0.2 | -0.5 | -0.2 | -0.6 | -0.9 | -0.8 | -0.8 | -1.8 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 78.4 | 88.4 | 92.8 | 70.3 | 74.2 | 77.6 | 43.4 | 65.7 | 78.4 | 16.6 | 14 |
| Sales YoY Gr. | - | 12.8% | 5% | -24.3% | 5.5% | 4.6% | -44.1% | 51.6% | 19.3% | -78.8% | - |
| Adj EPS ⓘ | 2.1 | 4.3 | 3 | 0.6 | 4.9 | 6.4 | 0 | 0.2 | 1 | -7.6 | -5 |
| YoY Gr. | - | 100.9% | -29.8% | -81.5% | 780.4% | 29.2% | -99.8% | 2300% | 308.3% | -874.5% | - |
| BVPS (₹) ⓘ | 45.3 | 46 | 49 | 50.8 | 58 | 60.1 | 60.7 | 61.3 | 62.1 | 54 | 53.9 |
| Adj Net Profit ⓘ | 1.8 | 3.7 | 2.6 | 0.5 | 4.2 | 5.5 | 0 | 0.2 | 0.9 | -6.5 | -4 |
| Cash Flow from Ops. ⓘ | 4.7 | -0.5 | 4.5 | 15.5 | -0.2 | -1.1 | 5.9 | -7.7 | 13.3 | 2.4 | - |
| Debt/CF from Ops. ⓘ | 4.7 | -52.6 | 7 | 1.6 | -102.4 | -11.4 | 1.2 | -1.9 | 0.7 | 0.6 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -15.9% | -25.9% | -27.4% | -78.8% | ||||
| Adj EPS ⓘ | -215.1% | -209% | -1012.2% | -874.5% | ||||
| BVPSⓘ | 2% | -1.4% | -3.8% | -13.1% | ||||
| Share Price | 8.9% | 25.8% | 36% | 45.1% | ||||
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 % ⓘ | 4.8 | 9.4 | 6.4 | 1.1 | 9.1 | 10.8 | 0 | 0.4 | 1.6 | -13.1 | -9.3 |
| Op. Profit Mgn % ⓘ | 11.8 | 12 | 11.4 | 9.3 | 10.8 | 14.5 | 8.3 | 5.9 | 5.9 | -37.3 | -43.3 |
| Net Profit Mgn % ⓘ | 2.3 | 4.2 | 2.8 | 0.7 | 5.7 | 7.1 | 0 | 0.3 | 1.1 | -39.2 | -31.8 |
| Debt to Equity ⓘ | 0.6 | 0.6 | 0.7 | 0.6 | 0.4 | 0.2 | 0.1 | 0.3 | 0.2 | 0 | 0 |
| Working Cap Days ⓘ | 202 | 175 | 173 | 230 | 219 | 210 | 342 | 249 | 217 | 770 | 168 |
| Cash Conv. Cycle ⓘ | 94 | 82 | 94 | 117 | 104 | 100 | 154 | 113 | 99 | 271 | 126 |
No data to display
Return on Equity is Poor
Sales growth has been subdued in last 3 years -27.40%
Sales growth is not so good in last 4 quarters at -57.10%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -5 | -5.1 |
| TTM Sales (₹ Cr.) | 13.6 | 17.4 |
| BVPS (₹.) ⓘ | 53.9 | 55.2 |
| Reserves (₹ Cr.) ⓘ | 38 | 39 |
| P/BV ⓘ | 1.11 | 1.09 |
| PE ⓘ | 0.00 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 44.00 / 80.00 |
| All Time Low / High (₹) | 1.00 / 187.00 |
| Market Cap (₹ Cr.) | 51.6 |
| Equity (₹ Cr.) | 8.6 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 26.9 |
| 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 | 78.37 | 88.37 | 92.81 | 70.28 | 74.15 | 77.58 | 43.35 | 65.70 | 78.37 | 16.59 |
| Operating Expenses ⓘ | 69.11 | 77.76 | 82.37 | 63.74 | 66.11 | 66.34 | 39.76 | 61.81 | 73.72 | 22.78 |
| Manufacturing Costs | 12.48 | 18.11 | 24.99 | 19.93 | 25.56 | 23.60 | 16.15 | 24.31 | 25 | 5.79 |
| Material Costs | 48.87 | 50.65 | 48.41 | 33.71 | 28.37 | 30.98 | 15.82 | 27.04 | 36.23 | 12.82 |
| Employee Cost | 6.33 | 6.68 | 7.04 | 7.78 | 9.25 | 9.25 | 5.94 | 7.82 | 9.37 | 2.12 |
| Other Costs ⓘ | 1.43 | 2.32 | 1.92 | 2.32 | 2.93 | 2.52 | 1.85 | 2.64 | 3.12 | 2.05 |
| Operating Profit ⓘ | 9.26 | 10.61 | 10.45 | 6.54 | 8.04 | 11.23 | 3.60 | 3.89 | 4.65 | -6.19 |
| Operating Profit Margin (%) | 11.8% | 12.0% | 11.3% | 9.3% | 10.8% | 14.5% | 8.3% | 5.9% | 5.9% | -37.3% |
| Other Income ⓘ | 1.28 | 3.92 | 1.18 | 2.74 | 2 | 1.18 | 0.35 | 0.29 | 0.50 | 1.21 |
| Interest ⓘ | 3.13 | 2.71 | 3.26 | 2.84 | 2.25 | 1.58 | 0.89 | 0.87 | 1.02 | 0.19 |
| Depreciation ⓘ | 4.88 | 4.85 | 3.89 | 4.07 | 4.04 | 3.46 | 3.26 | 3.05 | 2.99 | 0.81 |
| Exceptional Items ⓘ | 0 | -5.55 | 0 | -0.04 | 2.34 | -5.18 | 0.62 | 0.48 | -0.18 | -0.67 |
| Profit Before Tax ⓘ | 2.53 | 1.42 | 4.47 | 2.34 | 6.09 | 2.20 | 0.41 | 0.74 | 0.96 | -6.66 |
| Tax ⓘ | 0.64 | 0.80 | 1.96 | 0.78 | -0.09 | 0.35 | -0.06 | 0.20 | 0.24 | 0.32 |
| Profit After Tax | 1.88 | 0.62 | 2.52 | 1.56 | 6.17 | 1.85 | 0.47 | 0.54 | 0.72 | -6.98 |
| PAT Margin (%) | 2.4% | 0.7% | 2.7% | 2.2% | 8.3% | 2.4% | 1.1% | 0.8% | 0.9% | -42.1% |
| Adjusted EPS (₹) | 2.2 | 0.7 | 2.9 | 1.8 | 7.2 | 2.2 | 0.6 | 0.6 | 0.8 | -8.1 |
| 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 | 38.87 | 39.49 | 42.01 | 43.57 | 49.74 | 51.59 | 52.06 | 52.60 | 53.32 | 46.34 |
| Share Capital ⓘ | 8.58 | 8.58 | 8.58 | 8.58 | 8.58 | 8.58 | 8.58 | 8.58 | 8.58 | 8.58 |
| Reserves ⓘ | 30.29 | 30.91 | 33.43 | 34.99 | 41.16 | 43.01 | 43.48 | 44.02 | 44.74 | 37.76 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 22.03 | 25.07 | 31.22 | 24.33 | 21.81 | 12.26 | 6.81 | 14.59 | 8.20 | 1.42 |
| Long Term Debt | 18.03 | 15.51 | 11.19 | 6.15 | 1.63 | 0.36 | 2.23 | 1.22 | 2.30 | 0 |
| Short Term Debt | 4.01 | 9.56 | 20.03 | 18.18 | 20.18 | 11.90 | 4.59 | 13.37 | 5.90 | 1.42 |
| Trade Payables | 13.40 | 6.45 | 9.67 | 5.39 | 6.56 | 6.84 | 5.63 | 5.13 | 3.54 | 1.64 |
| Others Liabilities ⓘ | 12.69 | 13.15 | 9.10 | 10.12 | 7.34 | 5.64 | 5.61 | 5.72 | 6.97 | 5.87 |
| Total Liabilities ⓘ | 86.99 | 84.16 | 92.01 | 83.41 | 85.46 | 76.33 | 70.12 | 78.04 | 72.03 | 55.27 |
Fixed Assets | ||||||||||
| Gross Block | 82.51 | 72.86 | 77.75 | 78.32 | 75.39 | 75.36 | 74.70 | 74.87 | 75.46 | 72.44 |
| Accumulated Depreciation | 48.31 | 44.27 | 44.08 | 48.15 | 48.63 | 52.07 | 55.17 | 58.21 | 61.04 | 59.01 |
| Net Fixed Assetsⓘ | 34.20 | 28.59 | 33.67 | 30.17 | 26.76 | 23.29 | 19.54 | 16.65 | 14.43 | 13.44 |
| CWIP ⓘ | 7.56 | 13.56 | 10.56 | 10.81 | 10.48 | 10.48 | 10.49 | 10.50 | 13.96 | 14.03 |
| Investmentsⓘ | 0.67 | 0.67 | 0.67 | 0.67 | 0.67 | 0.67 | 0.67 | 0.67 | 0.67 | 0.67 |
| Inventories | 14.13 | 12.39 | 14.67 | 9.54 | 11.61 | 12.02 | 9.78 | 18.64 | 11.13 | 4.22 |
| Trade Receivables | 20.65 | 15.10 | 23.08 | 14.87 | 19.12 | 16.19 | 11.42 | 11.83 | 9.74 | 3.81 |
| Cash Equivalents | 0.51 | 0.58 | 0.12 | 0.03 | 0.23 | 0.04 | 0.08 | 0.02 | 0.05 | 0.06 |
| Others Assetsⓘ | 9.27 | 13.27 | 9.24 | 17.32 | 16.58 | 13.64 | 18.14 | 19.73 | 22.05 | 19.04 |
| Total Assets ⓘ | 86.99 | 84.16 | 92.01 | 83.41 | 85.46 | 76.33 | 70.12 | 78.04 | 72.03 | 55.27 |
| 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 ⓘ | 4.74 | -0.48 | 4.48 | 15.49 | -0.21 | -1.07 | 5.93 | -7.65 | 13.31 | 2.43 |
| PBT ⓘ | 2.53 | 1.42 | 4.47 | 2.38 | 3.75 | 2.20 | 0.41 | 0.74 | 0.96 | -6.66 |
| Adjustment ⓘ | 6.90 | 3.63 | 6.13 | 5.69 | 4.59 | 3.69 | 2.94 | 3.64 | 3.47 | -0.36 |
| Changes in Working Capital ⓘ | -3.42 | -3.84 | -4.4 | 8.66 | -6.42 | -6.08 | 2.88 | -11.43 | 9.53 | 9.53 |
| Tax Paid ⓘ | -1.28 | -1.69 | -1.72 | -1.25 | -2.13 | -0.89 | -0.29 | -0.60 | -0.65 | -0.08 |
| Cash Flow From Investing Activity ⓘ | 1.99 | 0.36 | -8.89 | -5.89 | 4.32 | 5.63 | 0.33 | 0.51 | -7.01 | 5.12 |
| Capex | -0.30 | -4.07 | -5.97 | -0.81 | -0.53 | 0.20 | 1.40 | -0.17 | -0.71 | 0.95 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -7.85 | 4.63 |
| Others ⓘ | 2.28 | 4.43 | -2.92 | -5.07 | 4.84 | 5.43 | -1.07 | 0.67 | 1.55 | -0.46 |
| Cash Flow From Financing Activityⓘ | -6.87 | 0.19 | 4.44 | -9.69 | -3.90 | -4.75 | -6.22 | 7.09 | -6.27 | -7.54 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -1.98 | -2.68 | 0 | -5.05 | -4.52 | -1.26 | 1.86 | -1.01 | 1.08 | -2.30 |
| Interest Paid ⓘ | -3.10 | -2.69 | -3.10 | -2.79 | -2.25 | -1.58 | -0.89 | -0.87 | -1.02 | -0.19 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -1.79 | 5.55 | 7.54 | -1.85 | 2.87 | -1.92 | -7.19 | 8.97 | -6.33 | -5.05 |
| Net Cash Flow ⓘ | -0.14 | 0.07 | 0.03 | -0.09 | 0.20 | -0.20 | 0.04 | -0.05 | 0.03 | 0.01 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 4.94 | 1.59 | 6.18 | 3.65 | 13.23 | 3.65 | 0.91 | 1.03 | 1.35 | -14.01 |
| ROCE (%) | 9.01 | 6.58 | 11.22 | 7.34 | 11.96 | 5.58 | 2.12 | 2.57 | 3.06 | -11.74 |
| Asset Turnover Ratio | 0.87 | 1.03 | 1.05 | 0.8 | 0.88 | 0.96 | 0.59 | 0.89 | 1.04 | 0.26 |
| PAT to CFO Conversion(x) | 2.52 | -0.77 | 1.78 | 9.93 | -0.03 | -0.58 | 12.62 | -14.17 | 18.49 | N/A | Working Capital Days |
| Receivable Days | 99 | 74 | 75 | 99 | 84 | 83 | 116 | 65 | 50 | 149 |
| Inventory Days | 63 | 55 | 53 | 63 | 52 | 56 | 92 | 79 | 69 | 169 |
| Payable Days | 107 | 72 | 61 | 82 | 77 | 79 | 144 | 73 | 44 | 74 |
Dhanlaxmi Group started the textile business in the year 1975. In 1984 it started its weaving unit at Ichalkaranji. Dhanlaxmi Fabrics Ltd. (DFL) the flagship company of the group was formed in the year 1992-93. The main activity of the company is processing and marketing of fabrics, yarn and manufacturing of fabrics and garments for exports.
DFL is leading fabric & yarn processing company. DFL is in the processing business for more than 14 years and it got listed in 1994.
Dhanlaxmi Fabrics' weaving and processing base is set up over 130000 Sq. Ft. area in the following locations.
a) Fabric and yarn processing unit located in Dombivli, Dist. - Thane, Maharashtra 40 Kms. from Mumbai b) Weaving factory of 32 Sulzer Looms located at Ichalkaranji, the well known power loom city of Maharashtra, India.
Products of the company:
Dhanlaxmi Fabrics is a one stop shop for the garment exporters, fabric exporters and local garment manufacturers.
Fabric:
Width upto 63†made from 100% cotton, 100% viscose, 100% polyester, blended, lycra as pure white, reactive or vat dyed, pigment, reactive, prints, disperse or dischange print with finishes as required by customer.
Yarn:
Pure white, reactive or vat dyed cotton, rayon, polyester or blended yarn.
Clientele:
The company’s main customers are the garment manufacturers and exporters which finally supply to retail giants Wal Mart, J C Penny etc and export to the US, UK and other countries.
Awards /Recognition
The company is having Oko-Tex Standard 100 Certificate given by Testex Zurich. The company is having capabilities to meet all European & American Standards as regards to usage of eco friendly , azo free dyes & colour chemicals.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
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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