Past 10 year’s financial track record analysis by Moneyworks4me indicates that Shree Karni Fabcom Ltd is a below average quality company.
The key valuation ratios of Shree Karni Fabcom 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 Shree Karni Fabcom 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'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| ROCE % ⓘ | 0% | 0% | 0% | 16.1% | - |
| Value Creation Index ⓘ | NA | NA | NA | 0.2 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||
| Sales ⓘ | 32.9 | 83.6 | 127 | 121 | 121 |
| Sales YoY Gr. | - | 154.2% | 51.9% | -4.8% | - |
| Adj EPS ⓘ | 3 | 10.3 | 11.1 | 17.3 | 17.5 |
| YoY Gr. | - | 238.8% | 8.2% | 55.7% | - |
| BVPS (₹) ⓘ | 13.4 | 26.4 | 52 | 93.6 | 93.6 |
| Adj Net Profit ⓘ | 1.5 | 5.2 | 5.6 | 12.3 | 12 |
| Cash Flow from Ops. ⓘ | 2.7 | 0.4 | -0.2 | -5.8 | - |
| Debt/CF from Ops. ⓘ | 5.3 | 65.7 | -156.2 | -8.6 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 54.4% | -4.8% | ||||
| Adj EPS ⓘ | NA | NA | 78.7% | 55.7% | ||||
| BVPSⓘ | NA | NA | 91.1% | 79.9% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| Return on Equity % ⓘ | 22.6 | 51.7 | 28.4 | 18.5 | 18.7 |
| Op. Profit Mgn % ⓘ | 11.5 | 10 | 11.9 | 16.3 | NAN |
| Net Profit Mgn % ⓘ | 4.6 | 6.2 | 4.4 | 10.1 | 10.2 |
| Debt to Equity ⓘ | 2.2 | 2.1 | 1.4 | 0.8 | - |
| Working Cap Days ⓘ | 0 | 139 | 164 | 0 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 81 | 85 | 0 | 0 |
Sales growth is growing at healthy rate in last 3 years 54.36%
Net Profit is growing at healthy rate in last 3 years 78.67%
Debt to equity has declined versus last 3 years average to 0.75
Return on Equity has declined versus last 3 years average to 18.70%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 17.5 | 19.9 |
| TTM Sales (₹ Cr.) | 121 | 127 |
| BVPS (₹.) ⓘ | 93.6 | 96.1 |
| Reserves (₹ Cr.) ⓘ | 59 | 61 |
| P/BV ⓘ | 6.41 | 6.24 |
| PE ⓘ | 34.35 | 30.19 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 424 |
| Equity (₹ Cr.) | 7.1 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 30.2 |
| Pledged * | 0.00 | 0.00 |
| PARTICULARS | Mar'24 |
|---|---|
| Sales | 121 |
| Operating Expenses ⓘ | 101 |
| Manufacturing Costs | 1 |
| Material Costs | 93 |
| Employee Cost | 2 |
| Other Costs ⓘ | 5 |
| Operating Profit ⓘ | 20 |
| Operating Profit Margin (%) | 16.3% |
| Other Income ⓘ | 0 |
| Interest ⓘ | 3 |
| Depreciation ⓘ | 1 |
| Exceptional Items ⓘ | 0 |
| Profit Before Tax ⓘ | 16 |
| Tax ⓘ | 4 |
| Profit After Tax | 12 |
| PAT Margin (%) | 10.2% |
| Adjusted EPS (₹) | 17.5 |
| Dividend Payout Ratio (%) | 0% |
| PARTICULARS | Mar'24 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 66 | |||||||||
| Share Capital ⓘ | 7 | |||||||||
| Reserves ⓘ | 59 | |||||||||
| Minority Interest | 0 | |||||||||
| Debt | 46 | |||||||||
| Long Term Debt | 8 | |||||||||
| Short Term Debt | 39 | |||||||||
| Trade Payables | 9 | |||||||||
| Others Liabilities ⓘ | 6 | |||||||||
| Total Liabilities ⓘ | 128 | |||||||||
Fixed Assets | ||||||||||
| Gross Block | 28 | |||||||||
| Accumulated Depreciation | 4 | |||||||||
| Net Fixed Assetsⓘ | 25 | |||||||||
| CWIP ⓘ | 3 | |||||||||
| Investmentsⓘ | 4 | |||||||||
| Inventories | 32 | |||||||||
| Trade Receivables | 32 | |||||||||
| Cash Equivalents | 26 | |||||||||
| Others Assetsⓘ | 7 | |||||||||
| Total Assets ⓘ | 128 | |||||||||
| PARTICULARS | Mar'24 |
|---|---|
| Cash Flow From Operating Activity ⓘ | -6 |
| PBT ⓘ | 17 |
| Adjustment ⓘ | 4 |
| Changes in Working Capital ⓘ | -23 |
| Tax Paid ⓘ | -4 |
| Cash Flow From Investing Activity ⓘ | -7 |
| Capex | -5 |
| Net Investments | -2 |
| Others ⓘ | 0 |
| Cash Flow From Financing Activityⓘ | 38 |
| Net Proceeds from Shares ⓘ | 45 |
| Net Proceeds from Borrowing ⓘ | 13 |
| Interest Paid ⓘ | -3 |
| Dividend Paid ⓘ | 0 |
| Others ⓘ | -17 |
| Net Cash Flow ⓘ | 26 |
| PARTICULARS | Mar'24 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 18.66 | |||||||||
| ROCE (%) | 16.09 | |||||||||
| Asset Turnover Ratio | 0.94 | |||||||||
| PAT to CFO Conversion(x) | -0.5 | Working Capital Days | ||||||||
| Receivable Days | 96 | |||||||||
| Inventory Days | 96 | |||||||||
| Payable Days | 37 | |||||||||
Shree Karni Fabcom Limited was originally formed as a limited liability partnership under the name ‘Shree Karni Fabcom LLP’, bearing LLP identification number AAM-1759 pursuant to a certificate of incorporation dated March 7, 2018 issued by the Registrar of Companies, Gujarat at Ahmedabad. Subsequently, pursuant to a resolution passed in the meeting of the partners held on November 26, 2022, Shree Karni Fabcom LLP was converted into a private limited company under the name ‘Shree Karni Fabcom Private Limited’ and a certificate of incorporation dated April 11, 2023 was issued by the Registrar of Companies, Central Registration Centre. Subsequently, pursuant to a resolution passed by its Board of Directors in their meeting held on October 3, 2023 and by the Shareholders at an extra-ordinary general meeting held on October 10, 2023 the Company was converted into a public limited company and consequently the name of the Company was changed to ‘Shree Karni Fabcom Limited’ and a fresh certificate of incorporation dated October 20, 2023 was issued by the Registrar of Companies, Gujarat at Ahmedabad.
Shree Karni Fabcom is engaged in the manufacturing of technical textiles tailored for diverse industries such as luggage, medical arch support, chairs, shoes, and apparels. Its production process begins with yarn procurement and encompasses weaving, coating, printing, and finishing, resulting in knitted and woven fabrics crafted to meet its clients’ customized specifications. Specializing in Woven Fabrics, Knitted Fabrics, Coated Fabrics, and 100% polyester, it sources yarn, resin, acrylic, and coating chemicals to produce specialized technical textiles. The company specialised in converting yarn into fabric through knitting of fabrics. It outsources weaving, coating, sizing and embossing of specialized technical textile to its Subsidiary, IGK Technical Textile LLP.
Its product applications span a wide spectrum, including luggage, roofing, agriculture net, vehicle covers, tents, armed forces fabric, sports kits, chairs, medical arch support, umbrellas, and raincoats. Its manufacturing unit is equipped with automated machines for manufacturing of specialized technical textile. It markets and sells under its brand ‘SKFL’. It proposes to utilize a portion of the Net Proceeds of this Issue towards setting up of dyeing facility and forward integration for manufacturing of bags at land already purchased in very close vicinity to its existing manufacturing set up.
Business area of the company
The company is engaged in the business of manufacturing of Technical Textile for the luggage, medical arch support, chairs, shoes and apparels industry. It specializes in Woven Fabrics, Knitted Fabrics, Coated Fabrics, 100% polyester and recycled polyester fabric.
Products of the company
Awards and accreditations
History and milestones
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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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