Past 10 year's financial track record analysis by Moneyworks4me indicates that Nachmo Knitex Ltd is a average quality company.
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Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Jun'97 | Jun'98 | Jun'99 | Jun'00 | Dec'01 | Mar'04 | Mar'05 | Mar'06 | Mar'07 | Mar'08 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 6.2% | 8.7% | 10% | 14% | 14.1% | 0% | 0% | -6.2% | -7% | -22.6% | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 23.3 | 43 | 57.7 | 89.6 | 95.5 | 0 | 0 | 93.8 | 66.4 | 47.7 | 31 |
| Sales YoY Gr. | - | 84.5% | 34.1% | 55.4% | 6.5% | -100% | NA | NA | -29.2% | -28.2% | - |
| Adj EPS ⓘ | 2.9 | 3 | 2.7 | 3.1 | 0.1 | 0 | 0 | -5.8 | -3.1 | -3.2 | -7.1 |
| YoY Gr. | - | 5.2% | -12.5% | 15.8% | -98.4% | -100% | NA | NA | NA | NA | - |
| BVPS (₹) ⓘ | 37 | 38.1 | 39.7 | 41.4 | 27.7 | 0 | 0 | 0.8 | -2.4 | -21.8 | -24.2 |
| Adj Net Profit ⓘ | 3.2 | 3.9 | 3.4 | 4 | 0.1 | 0 | 0 | -8.8 | -4.7 | -4.9 | -11 |
| Cash Flow from Ops. ⓘ | -1.7 | 3.8 | 4.8 | 7.2 | -2.7 | 0 | 0 | 10.8 | 1.6 | 0.5 | - |
| Debt/CF from Ops. ⓘ | -13.6 | 6.5 | 7.2 | 5.3 | -13.5 | 0 | 0 | 5.3 | 34.3 | 111.2 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 8.3% | -13% | NA | -28.2% | ||||
| Adj EPS ⓘ | -201.2% | -330.2% | NA | NA | ||||
| BVPSⓘ | -194.3% | -195.3% | NA | NA | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Jun'97 | Jun'98 | Jun'99 | Jun'00 | Dec'01 | Mar'04 | Mar'05 | Mar'06 | Mar'07 | Mar'08 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 7.1 | 8.3 | 6.8 | 7.5 | 0.2 | 0 | 0 | -31.9 | 394.7 | 26.8 | 30.8 |
| Op. Profit Mgn % ⓘ | 9.9 | 14.1 | 17.2 | 17 | 13.2 | 0 | 0 | -0.9 | -0.5 | 2.2 | -6.5 |
| Net Profit Mgn % ⓘ | 13.8 | 9.1 | 6 | 4.4 | 0.1 | 0 | 0 | -9.3 | -7.1 | -10.2 | -34.4 |
| Debt to Equity ⓘ | 0.5 | 0.5 | 0.7 | 0.7 | 1 | 0 | 0 | 48.8 | -15.8 | -1.7 | - |
| Working Cap Days ⓘ | 0 | 191 | 159 | 124 | 125 | 0 | 0 | 180 | 155 | 137 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 99 | 115 | 101 | 94 | 0 | 0 | 130 | 111 | 68 | 0 |
No data to display
Return on Equity has declined versus last 3 years average to 30.80%
Sales growth has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at -38.93%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -7.1 | - |
| TTM Sales (₹ Cr.) | 31 | - |
| BVPS (₹.) ⓘ | -24.2 | - |
| Reserves (₹ Cr.) ⓘ | -51 | - |
| P/BV ⓘ | -0.02 | - |
| PE ⓘ | 0.00 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.45 / 0.45 |
| All Time Low / High (₹) | 0.41 / 55.28 |
| Market Cap (₹ Cr.) | 0.7 |
| Equity (₹ Cr.) | 15 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 26.8 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Jun'97 | Jun'98 | Jun'99 | Jun'00 | Dec'01 | Mar'06 | Mar'07 | Mar'08 |
|---|---|---|---|---|---|---|---|---|
| Sales | 23.30 | 42.99 | 57.66 | 89.61 | 143.21 | 93.75 | 66.40 | 47.71 |
| Operating Expenses ⓘ | 21.05 | 36.93 | 47.82 | 74.48 | 124.38 | 94.63 | 66.76 | 52.93 |
| Manufacturing Costs | 4.66 | 7.77 | 10.27 | 8.82 | 16.50 | 11.49 | 10.10 | 11.35 |
| Material Costs | 14.61 | 25.96 | 33.42 | 59.99 | 98.13 | 75.32 | 48.71 | 28.40 |
| Employee Cost | 0.32 | 1.34 | 1.89 | 3.09 | 5.01 | 4.71 | 4.14 | 4.30 |
| Other Costs ⓘ | 1.47 | 1.86 | 2.23 | 2.57 | 4.74 | 3.11 | 3.80 | 8.89 |
| Operating Profit ⓘ | 2.26 | 6.05 | 9.85 | 15.14 | 18.83 | -0.88 | -0.35 | -5.23 |
| Operating Profit Margin (%) | 9.7% | 14.1% | 17.1% | 16.9% | 13.1% | -0.9% | -0.5% | -11.0% |
| Other Income ⓘ | 2.26 | 1.41 | 0.62 | 0.54 | 0.76 | 0.16 | 0.14 | 0.06 |
| Interest ⓘ | 0.31 | 1.73 | 3.97 | 8 | 13.70 | 3.58 | 0.82 | 0.60 |
| Depreciation ⓘ | 0.37 | 1.34 | 2.53 | 3.30 | 5.44 | 4.47 | 3.68 | 3.47 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0.03 | 0 | 0 |
| Profit Before Tax ⓘ | 3.84 | 4.39 | 3.96 | 4.38 | 0.45 | -8.73 | -4.72 | -9.23 |
| Tax ⓘ | 0.66 | 0.50 | 0.54 | 0.45 | 0.37 | 0.03 | 0.02 | 0.03 |
| Profit After Tax | 3.18 | 3.89 | 3.43 | 3.93 | 0.08 | -8.76 | -4.74 | -9.26 |
| PAT Margin (%) | 13.6% | 9.0% | 5.9% | 4.4% | 0.1% | -9.3% | -7.1% | -19.4% |
| Adjusted EPS (₹) | 2.9 | 3.0 | 2.7 | 3.1 | 0.1 | -5.8 | -3.2 | -6.2 |
| Dividend Payout Ratio (%) | 68% | 40% | 38% | 33% | 0% | 0% | 0% | 0% |
| PARTICULARS | Jun'97 | Jun'98 | Jun'99 | Jun'00 | Dec'01 | Mar'06 | Mar'07 | Mar'08 | ||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 41.23 | 49.63 | 51.54 | 53.90 | 53.83 | 1.17 | -3.57 | -32.67 | ||
| Share Capital ⓘ | 9.90 | 12.87 | 12.87 | 12.87 | 12.87 | 15.03 | 15.03 | 15.03 | ||
| Reserves ⓘ | 31.33 | 36.76 | 38.67 | 41.03 | 40.96 | -13.85 | -18.60 | -47.70 | ||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Debt | 22.31 | 24.33 | 34.87 | 38.16 | 55.51 | 57.01 | 56.22 | 56.65 | ||
| Long Term Debt | 22.31 | 24.33 | 34.87 | 38.16 | 55.51 | 57.01 | 56.22 | 56.65 | ||
| Short Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Trade Payables | 3.20 | 2.63 | 1.66 | 0.70 | 1.26 | 6.04 | 8.09 | 8.55 | ||
| Others Liabilities ⓘ | 6.98 | 3.75 | 3.72 | 5.59 | 10.38 | 3.12 | 2.73 | 1.24 | ||
| Total Liabilities ⓘ | 73.71 | 80.34 | 91.78 | 98.34 | 120.97 | 67.35 | 63.47 | 33.77 | ||
Fixed Assets | ||||||||||
| Gross Block | 19.41 | 40.64 | 52.23 | 53.02 | 53.29 | 52.44 | 52.28 | 52.47 | ||
| Accumulated Depreciation | 1.39 | 2.71 | 4.94 | 8.19 | 13.61 | 27.80 | 31.19 | 34.62 | ||
| Net Fixed Assetsⓘ | 18.02 | 37.93 | 47.30 | 44.82 | 39.68 | 24.65 | 21.09 | 17.85 | ||
| CWIP ⓘ | 13.16 | 1.85 | 0.93 | 0.75 | 0 | 0 | 0 | 0 | ||
| Investmentsⓘ | 14.03 | 14.01 | 14.01 | 13.97 | 13.98 | 13.95 | 13.95 | 13.94 | ||
| Inventories | 5.86 | 6.93 | 11.44 | 13.03 | 11.20 | 4.38 | 5.21 | 5.48 | ||
| Trade Receivables | 6.11 | 11.67 | 11.24 | 16.48 | 35.45 | 22.81 | 21.75 | 1.21 | ||
| Cash Equivalents | 6.61 | 2.60 | 2.25 | 4.19 | 2.94 | 0.52 | 0.33 | 0.45 | ||
| Others Assetsⓘ | 9.92 | 5.34 | 4.62 | 5.10 | 17.72 | 1.04 | 1.14 | -5.15 | ||
| Total Assets ⓘ | 73.71 | 80.34 | 91.78 | 98.34 | 120.97 | 67.35 | 63.47 | 33.77 | ||
| PARTICULARS | Jun'97 | Jun'98 | Jun'99 | Jun'00 | Dec'01 | Mar'06 | Mar'07 | Mar'08 |
|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -1.65 | 3.76 | 4.84 | 7.16 | -4.11 | 10.80 | 1.64 | 0.51 |
| PBT ⓘ | 3.84 | 4.39 | 3.96 | 4.38 | 0.45 | -8.73 | -4.73 | -9.23 |
| Adjustment ⓘ | -1.70 | 0.25 | 2.31 | 3.11 | 5.31 | 4.50 | 3.72 | 9.88 |
| Changes in Working Capital ⓘ | -3.2 | -1.61 | -5.06 | -7.83 | -23.01 | 11.34 | 1.77 | -0.59 |
| Tax Paid ⓘ | -0.89 | -0.97 | -0.25 | -0.49 | -0.41 | -0.04 | 0.06 | -0.06 |
| Cash Flow From Investing Activity ⓘ | -38.37 | -8.88 | -10.36 | -0.51 | 0.77 | 0.11 | -0.12 | -0.19 |
| Capex | -27.20 | -9.96 | -11.06 | -0.67 | 0.43 | -0.10 | -0.15 | -0.24 |
| Net Investments | -12.49 | 0.01 | 0 | 0 | -0.01 | 0.02 | 0 | 0.01 |
| Others ⓘ | 1.31 | 1.06 | 0.70 | 0.16 | 0.36 | 0.19 | 0.03 | 0.04 |
| Cash Flow From Financing Activityⓘ | 46.15 | 1.11 | 5.16 | -4.71 | 2.08 | -11.75 | -1.71 | -0.21 |
| Net Proceeds from Shares ⓘ | 28.43 | 2.08 | 0 | 0 | 0 | 3.20 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | -0.31 | -1.73 | -3.97 | -8 | -13.70 | -4.89 | -0.91 | -0.61 |
| Dividend Paid ⓘ | -0.93 | -1.15 | -1.27 | -1.29 | -1.29 | 0 | 0 | 0 |
| Others ⓘ | 18.95 | 1.91 | 10.41 | 4.57 | 17.07 | -10.06 | -0.80 | 0.40 |
| Net Cash Flow ⓘ | 6.13 | -4.01 | -0.35 | 1.94 | -1.25 | -0.84 | -0.19 | 0.11 |
| PARTICULARS | Jun'97 | Jun'98 | Jun'99 | Jun'00 | Dec'01 | Mar'06 | Mar'07 | Mar'08 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 7.75 | 8.63 | 6.85 | 7.53 | 0.15 | -32.06 | N/A | N/A | ||
| ROCE (%) | 6.18 | 8.71 | 9.96 | 13.96 | 14.12 | -6.16 | N/A | N/A | ||
| Asset Turnover Ratio | 0.32 | 0.56 | 0.67 | 0.94 | 1.31 | 1 | 1.02 | 0.98 | ||
| PAT to CFO Conversion(x) | -0.52 | 0.97 | 1.41 | 1.82 | -51.38 | N/A | N/A | N/A | Working Capital Days | |
| Receivable Days | 96 | 76 | 73 | 56 | 66 | 113 | 122 | 88 | ||
| Inventory Days | 92 | 54 | 58 | 50 | 31 | 30 | 26 | 41 | ||
| Payable Days | 80 | 41 | 23 | 7 | 4 | 18 | 53 | 107 | ||
Nachmo Knitex was incorporated as a private limited company on April 23, 1981 and was subsequently converted into a public company on February 26, 1993. The company, earlier known as Nachmo Polyplast, it got its present name on February 24, 1995. The company is part of the Ashima group, one of India’s leading 100% cotton fabric manufacturers.
A range of textiles are manufactured such as piece-dyed shrink controlled 100% cotton knitted fabrics, mercerized and non mercerized, single jersey, interlock, rib, pique and other derivative structures; tubular and open width, yarn dyed shrink controlled 100% cotton knitted fabrics, feeder and auto stripes, weft corrected, compacted in open width roll form, lycra rib and flat knit accessories- collar, cuff, placket, plain, small structures and tipped, and high value-added products like melange. The knitted range constitutes fabrics for men, women and kidswear such as T-shirts and tops, loungewear, nightwear, undergarments and outerwear.
The manufacturing units are located in the Ahmedabad and Mehsana districts of Gujarat with installed capacities of 2,800 metric tonne par annum processed fabrics and 250 metric tonne per annum processed yarn. Fabrics are supplied to more than 150 Indian garment exporters, and the company has been exporting to over 45 countries in the Americas, Asia, Europe and the Middle East. Accumulated losses at the end of FY07 have exceeded the net worth of the company and the company has become a sick industrial undertaking.
The registered office of the company is located at 11, Ashima House, Kavi Nanalal Marg, Ellisbridge, Ahmedabad 380006.
Business area of the company
The company is engaged in the manufacture and sale of textile and related products.
Group companies
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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.
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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