Past 10 year's financial track record analysis by Moneyworks4me indicates that Shri Techtex Ltd is a average quality company.
The key valuation ratios of Shri Techtex 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 Semi Strong which suggest that the price of Shri Techtex Ltd is likely to Rise-somewhat 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'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|
| ROCE % ⓘ | 52.6% | 72.6% | 29% | 23.2% | 24.5% | - |
| Value Creation Index ⓘ | 2.8 | 4.2 | 1.1 | 0.7 | 0.8 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | ||||||
| Sales ⓘ | 16.1 | 39.5 | 51.2 | 56.9 | 76.4 | 76 |
| Sales YoY Gr. | - | 145.5% | 29.7% | 11.2% | 34.2% | - |
| Adj EPS ⓘ | 2.5 | 7.2 | 4.5 | 4.9 | 4.9 | 4.9 |
| YoY Gr. | - | 185% | -37.9% | 9.6% | -0.6% | - |
| BVPS (₹) ⓘ | 4.6 | 11.8 | 12 | 17 | 33.6 | 33.6 |
| Adj Net Profit ⓘ | 4.4 | 12.7 | 7.9 | 8.6 | 12.2 | 12 |
| Cash Flow from Ops. ⓘ | 0.6 | 3.6 | 21.8 | -7.6 | 8.2 | - |
| Debt/CF from Ops. ⓘ | 8.6 | 4.2 | 1.1 | -4.2 | 1.4 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 24.6% | 34.2% | ||||
| Adj EPS ⓘ | NA | NA | -12.2% | -0.6% | ||||
| BVPSⓘ | NA | NA | 41.7% | 97.9% | ||||
| Share Price | - | - | - | -30.6% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 54.5 | 87.6 | 37.6 | 33.7 | 21.3 | 14.6 |
| Op. Profit Mgn % ⓘ | 47.9 | 45.8 | 24 | 22 | 25.5 | NAN |
| Net Profit Mgn % ⓘ | 27.6 | 32.1 | 15.4 | 15.1 | 15.9 | 16.1 |
| Debt to Equity ⓘ | 0.6 | 0.7 | 1.2 | 1.1 | 0.1 | - |
| Working Cap Days ⓘ | 0 | 128 | 134 | 157 | 170 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 30 | 52 | 84 | 112 | 0 |
Sales growth is growing at healthy rate in last 3 years 24.62%
Debt to equity has declined versus last 3 years average to 0.13
Return on Equity has declined versus last 3 years average to 14.60%
Net Profit has been subdued in last 3 years -12.20%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 4.9 | - |
| TTM Sales (₹ Cr.) | 76.4 | - |
| BVPS (₹.) ⓘ | 33.6 | - |
| Reserves (₹ Cr.) ⓘ | 59 | - |
| P/BV ⓘ | 1.71 | - |
| PE ⓘ | 11.69 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 143 |
| Equity (₹ Cr.) | 25 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 26.8 |
| Pledged * | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|
| Sales | 16 | 39 | 51 | 57 | 76 |
| Operating Expenses ⓘ | 8 | 21 | 39 | 44 | 57 |
| Manufacturing Costs | 6 | 8 | 6 | 6 | 13 |
| Material Costs | 0 | 9 | 29 | 36 | 38 |
| Employee Cost | 2 | 3 | 1 | 1 | 1 |
| Other Costs ⓘ | 0 | 2 | 4 | 2 | 5 |
| Operating Profit ⓘ | 8 | 18 | 12 | 13 | 19 |
| Operating Profit Margin (%) | 47.9% | 45.8% | 24.0% | 22.0% | 25.5% |
| Other Income ⓘ | 0 | 1 | 1 | 1 | 2 |
| Interest ⓘ | 1 | 1 | 1 | 1 | 2 |
| Depreciation ⓘ | 1 | 1 | 1 | 1 | 2 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 6 | 17 | 11 | 12 | 17 |
| Tax ⓘ | 2 | 4 | 2 | 3 | 5 |
| Profit After Tax | 4 | 13 | 8 | 9 | 12 |
| PAT Margin (%) | 27.8% | 32.1% | 16.2% | 16.0% | 16.1% |
| Adjusted EPS (₹) | 2.6 | 7.2 | 4.7 | 5.2 | 4.9 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 8 | 21 | 21 | 30 | 84 | |||||
| Share Capital ⓘ | 2 | 2 | 2 | 18 | 25 | |||||
| Reserves ⓘ | 6 | 19 | 19 | 13 | 59 | |||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | |||||
| Debt | 5 | 14 | 25 | 28 | 7 | |||||
| Long Term Debt | 5 | 14 | 19 | 25 | 7 | |||||
| Short Term Debt | 0 | 0 | 5 | 3 | 0 | |||||
| Trade Payables | 2 | 4 | 6 | 5 | 2 | |||||
| Others Liabilities ⓘ | 3 | 8 | 2 | 11 | 7 | |||||
| Total Liabilities ⓘ | 18 | 47 | 53 | 74 | 100 | |||||
Fixed Assets | ||||||||||
| Gross Block | 12 | 15 | 38 | 41 | 51 | |||||
| Accumulated Depreciation | 2 | 3 | 1 | 2 | 4 | |||||
| Net Fixed Assetsⓘ | 10 | 12 | 37 | 38 | 46 | |||||
| CWIP ⓘ | 1 | 12 | 0 | 1 | 0 | |||||
| Investmentsⓘ | 0 | 0 | 0 | 0 | 13 | |||||
| Inventories | 2 | 2 | 4 | 12 | 14 | |||||
| Trade Receivables | 2 | 11 | 10 | 12 | 19 | |||||
| Cash Equivalents | 0 | 1 | 0 | 1 | 2 | |||||
| Others Assetsⓘ | 2 | 9 | 1 | 10 | 5 | |||||
| Total Assets ⓘ | 18 | 47 | 53 | 74 | 100 | |||||
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 1 | 4 | 22 | -8 | 8 |
| PBT ⓘ | 6 | 17 | 11 | 12 | 17 |
| Adjustment ⓘ | 2 | 2 | 2 | 2 | 4 |
| Changes in Working Capital ⓘ | -6 | -11 | 11 | -18 | -9 |
| Tax Paid ⓘ | -2 | -4 | -3 | -2 | -4 |
| Cash Flow From Investing Activity ⓘ | 0 | -14 | -13 | -3 | -22 |
| Capex | 0 | -14 | -20 | -4 | -9 |
| Net Investments | 0 | 0 | 0 | 0 | -13 |
| Others ⓘ | 0 | 0 | 7 | 1 | 1 |
| Cash Flow From Financing Activityⓘ | 0 | 11 | -9 | 11 | 15 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 41 |
| Net Proceeds from Borrowing ⓘ | -1 | 9 | 5 | 0 | 0 |
| Interest Paid ⓘ | -1 | -1 | -1 | -1 | -2 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 2 | 3 | -13 | 12 | -24 |
| Net Cash Flow ⓘ | 0 | 0 | 0 | 1 | 2 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 55.32 | 87.77 | 39.58 | 35.83 | 21.59 | |||||
| ROCE (%) | 52.58 | 72.58 | 29.04 | 23.16 | 24.51 | |||||
| Asset Turnover Ratio | 0.91 | 1.23 | 1.03 | 0.9 | 0.88 | |||||
| PAT to CFO Conversion(x) | 0.25 | 0.31 | 2.75 | -0.89 | 0.67 | Working Capital Days | ||||
| Receivable Days | 46 | 61 | 76 | 70 | 74 | |||||
| Inventory Days | 46 | 17 | 21 | 51 | 61 | |||||
| Payable Days | 0 | 119 | 62 | 52 | 32 | |||||
Shri Techtex was originally formed and registered as a partnership firm under the Partnership Act, 1932 (Partnership Act) in the name and style of ‘M/s Shree Tech Tex Company’, pursuant to a deed of partnership dated January 7, 2011. Subsequently, the constitution of partnership firm was changed on February 18, 2016, July 01, 2017, March 14, 2018 and June 12, 2020 by admission and retirement of partners. Later on, Name of ‘M/s Shree Tech Tex Company’ was changed to ‘M/s Shri Techtex’ on July 03, 2018 by amendment in Deed of Partnership. ‘M/s Shri Techtex’ was thereafter converted from a partnership firm to a private limited company under Part I chapter XXI of the Companies Act, 2013 in the name of ‘Shri Techtex Private Limited’ and received a certificate of incorporation dated September 08, 2018 from the Central Registration Center, Ministry of Corporate Affairs. Subsequently, the company was converted into a Public Limited Company pursuant to shareholders resolution passed at Extra-ordinary General Meeting of the company held on December 31, 2022 and the name of the company was changed to ‘Shri Techtex Limited’. A fresh Certificate of Incorporation consequent upon Conversion from Private Limited Company to Public Limited Company dated January 03, 2023 was issued by the Registrar of Companies, Ahmedabad.
The company is engaged in the business of manufacturing of Polypropylene (PP) Non-Woven Fabric. The practical use of non-woven fabric is more ecological for certain applications, especially in fields and industries where disposable or single use products are important, such as organic farming, hospitals, health care, nursing homes, home furnishing, vehicle upholstery seat fabrication, Mattress & furniture covering, ecological packaging, industrial and consumer goods. It manufactures PP non-woven fabric in variety of sizes and density. Its manufacturing facility is situated at Simaj of Dholka Taluka in Ahmedabad District of Gujarat. The manufacturing facility is well connected with near about transport hubs.
In past, since FY 2011, as a Partnership firm, it was engaged in the business of industrial trading activity in Polymers, Chemicals, Packaging Materials and other allied products. Upon conversion of Partnership Firm to company, the company continued manufacturing on job work basis and in the initial phase it was engaged in job work basis exclusively for its group companies. However, with effect from April 01, 2021, as a result of demerger, the said business of contract manufacturing was transferred to resultant company Aurum Fabritech Private Limited (Aurum Fabritech Private Limited was converted to LLP with effect from February 02, 2022). After the demerger, till date, the company is engaged in the business of manufacturing of Polypropylene (PP) Non-Woven Fabric.
Business area of the company
The company is engaged in the business of Polypropylene (PP) Non-Woven Fabric manufacturing.
Products of the company
History and milestone
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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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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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