Past 10 year's financial track record analysis by Moneyworks4me indicates that Texel Industries Ltd is a average quality company.
The key valuation ratios of Texel Industries 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 Texel Industries 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 % ⓘ | 223.8% | 22.5% | 21.4% | 37.2% | 29.3% | 27.7% | 17.9% | 11.7% | -12.2% | -8% | - |
| Value Creation Index ⓘ | 15.0 | 0.6 | 0.5 | 1.7 | 1.1 | 1.0 | 0.3 | -0.2 | -1.9 | -1.6 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 63.9 | 70.2 | 53.3 | 91.1 | 112 | 95.5 | 82.6 | 90.9 | 99.7 | 94.9 | 97 |
| Sales YoY Gr. | - | 10% | -24.1% | 70.9% | 23.3% | -15% | -13.5% | 10.1% | 9.7% | -4.8% | - |
| Adj EPS ⓘ | 5.8 | 1.4 | 1.9 | 4.7 | 3.9 | 4.7 | 3.4 | 1.5 | -13.1 | -10.1 | -3.5 |
| YoY Gr. | - | -76.2% | 34.5% | 149.2% | -17.4% | 21.8% | -27.7% | -54.6% | -947.4% | NA | - |
| BVPS (₹) ⓘ | 10.2 | 11.1 | 17.2 | 21.9 | 26.3 | 30.9 | 34.4 | 42.9 | 29.8 | 19.7 | 26.1 |
| Adj Net Profit ⓘ | 4.5 | 1.4 | 1.2 | 3 | 2.5 | 3.1 | 2.2 | 1.3 | -10.9 | -8.4 | -5 |
| Cash Flow from Ops. ⓘ | -11.1 | 2.1 | 5.8 | 2.1 | 3.6 | 4.4 | 20 | 1.1 | 17.4 | 14.9 | - |
| Debt/CF from Ops. ⓘ | -0.5 | 1.8 | 0.1 | 0.7 | 0.5 | 0.4 | 0.3 | 22.2 | 1.1 | 0.8 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 4.5% | -3.3% | 4.7% | -4.8% | ||||
| Adj EPS ⓘ | -206.2% | -221.2% | -243.7% | NA | ||||
| BVPSⓘ | 7.6% | -5.6% | -16.9% | -33.8% | ||||
| Share Price | 62% | 162.4% | 3.5% | 57.6% | ||||
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 % ⓘ | 329.8 | 14.3 | 11.1 | 23.9 | 16 | 16.4 | 10.4 | 4.4 | -35.9 | -40.6 | -15.2 |
| Op. Profit Mgn % ⓘ | 3.5 | 3.9 | 6.9 | 5.6 | 4.8 | 6.2 | 6 | 6 | -1.8 | 2.4 | 1.7 |
| Net Profit Mgn % ⓘ | 7 | 2 | 2.3 | 3.3 | 2.2 | 3.2 | 2.7 | 1.4 | -10.9 | -8.8 | -4.8 |
| Debt to Equity ⓘ | 0.6 | 0.3 | 0.1 | 0.1 | 0.1 | 0.1 | 0.3 | 0.7 | 0.7 | 0.7 | 0.3 |
| Working Cap Days ⓘ | 114 | 111 | 137 | 93 | 107 | 124 | 153 | 186 | 191 | 195 | 92 |
| Cash Conv. Cycle ⓘ | 51 | 15 | 42 | 42 | 36 | 34 | 34 | 28 | 21 | 10 | -42 |
Debt to equity has declined versus last 3 years average to 0.70
Sales growth is good in last 4 quarters at 13.21%
Return on Equity is Poor
Sales growth has been subdued in last 3 years 4.72%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -3.5 | -3.6 |
| TTM Sales (₹ Cr.) | 97.1 | 97.1 |
| BVPS (₹.) ⓘ | 26.1 | 24.4 |
| Reserves (₹ Cr.) ⓘ | 21 | 19 |
| P/BV ⓘ | 3.05 | 3.27 |
| PE ⓘ | 0.00 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 31.10 / 102.79 |
| All Time Low / High (₹) | 0.32 / 104.05 |
| Market Cap (₹ Cr.) | 106 |
| Equity (₹ Cr.) | 13.3 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 26.8 |
| Pledged * | 29.96 | 29.96 | 29.96 | 29.96 | 29.96 | 29.96 | 29.96 | 29.96 | 29.96 | 29.96 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 64 | 70 | 53 | 91 | 112 | 95 | 83 | 91 | 100 | 95 |
| Operating Expenses ⓘ | 62 | 68 | 50 | 86 | 107 | 90 | 78 | 86 | 102 | 93 |
| Manufacturing Costs | 5 | 8 | 6 | 8 | 11 | 10 | 8 | 9 | 11 | 9 |
| Material Costs | 53 | 53 | 38 | 69 | 85 | 68 | 61 | 69 | 81 | 71 |
| Employee Cost | 2 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 5 | 6 |
| Other Costs ⓘ | 2 | 3 | 2 | 7 | 7 | 7 | 4 | 4 | 5 | 6 |
| Operating Profit ⓘ | 2 | 3 | 4 | 5 | 5 | 6 | 5 | 5 | -2 | 2 |
| Operating Profit Margin (%) | 3.5% | 3.9% | 6.7% | 5.6% | 4.8% | 6.2% | 6.0% | 6.0% | -1.8% | 2.4% |
| Other Income ⓘ | 0 | 1 | 0 | 1 | 0 | 0 | 0 | 1 | 1 | 0 |
| Interest ⓘ | 1 | 2 | 1 | 1 | 2 | 2 | 1 | 3 | 5 | 6 |
| Depreciation ⓘ | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 5 | 5 |
| Exceptional Items ⓘ | 13 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 14 | 2 | 1 | 4 | 3 | 4 | 3 | 2 | -11 | -8 |
| Tax ⓘ | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
| Profit After Tax | 14 | 1 | 1 | 3 | 3 | 3 | 2 | 1 | -11 | -8 |
| PAT Margin (%) | 21.8% | 1.9% | 2.1% | 3.3% | 2.2% | 3.3% | 2.7% | 1.4% | -10.9% | -8.9% |
| Adjusted EPS (₹) | 18.2 | 1.4 | 1.7 | 4.7 | 3.9 | 4.8 | 3.4 | 1.5 | -13.1 | -10.1 |
| 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 | 8 | 11 | 11 | 14 | 17 | 20 | 22 | 36 | 25 | 16 |
| Share Capital ⓘ | 7 | 8 | 5 | 5 | 5 | 5 | 5 | 8 | 8 | 8 |
| Reserves ⓘ | 2 | 3 | 6 | 9 | 12 | 15 | 17 | 27 | 17 | 8 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 5 | 4 | 1 | 1 | 2 | 2 | 5 | 19 | 13 | 8 |
| Long Term Debt | 5 | 4 | 1 | 1 | 0 | 0 | 3 | 15 | 10 | 4 |
| Short Term Debt | 0 | 0 | 0 | 1 | 1 | 1 | 2 | 4 | 4 | 4 |
| Trade Payables | 14 | 14 | 6 | 13 | 23 | 11 | 22 | 23 | 34 | 29 |
| Others Liabilities ⓘ | 2 | 3 | 8 | 7 | 6 | 6 | 25 | 29 | 38 | 44 |
| Total Liabilities ⓘ | 29 | 32 | 26 | 36 | 48 | 39 | 75 | 106 | 110 | 98 |
Fixed Assets | ||||||||||
| Gross Block | 16 | 16 | 14 | 17 | 19 | 11 | 29 | 62 | 67 | 68 |
| Accumulated Depreciation | 11 | 10 | 9 | 10 | 11 | 2 | 4 | 7 | 13 | 18 |
| Net Fixed Assetsⓘ | 5 | 5 | 5 | 7 | 8 | 9 | 25 | 55 | 55 | 50 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 1 | 6 | 1 | 0 | 0 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventories | 9 | 8 | 10 | 13 | 16 | 14 | 14 | 22 | 20 | 17 |
| Trade Receivables | 10 | 12 | 8 | 12 | 18 | 6 | 17 | 7 | 16 | 14 |
| Cash Equivalents | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 0 |
| Others Assetsⓘ | 5 | 5 | 2 | 2 | 4 | 6 | 11 | 21 | 18 | 17 |
| Total Assets ⓘ | 29 | 32 | 26 | 36 | 48 | 39 | 75 | 106 | 110 | 98 |
| 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 ⓘ | -11 | 2 | 6 | 2 | 4 | 4 | 20 | 1 | 17 | 15 |
| PBT ⓘ | 1 | 2 | 1 | 4 | 3 | 4 | 3 | 2 | -11 | -8 |
| Adjustment ⓘ | 1 | 1 | 2 | 1 | 2 | 2 | 2 | 4 | 10 | 11 |
| Changes in Working Capital ⓘ | -13 | 3 | 2 | -3 | -0 | -1 | 16 | -3 | 19 | 13 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0 | -1 | -1 | -1 | -1 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | 13 | 0 | 0 | -2 | -2 | -2 | -22 | -25 | -4 | -1 |
| Capex | -1 | -1 | -1 | -3 | -2 | -2 | -22 | -26 | -5 | -1 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 14 | 1 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | -2 | -2 | -5 | 0 | -2 | -1 | 1 | 24 | -13 | -15 |
| Net Proceeds from Shares ⓘ | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 12 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -1 | -1 | -3 | 0 | -1 | 0 | 3 | 11 | -5 | -6 |
| Interest Paid ⓘ | -1 | -2 | -1 | -1 | -2 | -1 | -1 | -3 | -5 | -6 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | -1 | 1 | 1 | 0 | -1 | 4 | -3 | -3 |
| Net Cash Flow ⓘ | 0 | 1 | 0 | 0 | 0 | 1 | -1 | 0 | 1 | 0 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 1629.71 | 14.25 | 10.31 | 23.89 | 16.01 | 16.75 | 10.37 | 4.43 | -35.93 | -40.71 |
| ROCE (%) | 223.8 | 22.52 | 21.39 | 37.21 | 29.28 | 27.74 | 17.87 | 11.71 | -12.15 | -8.02 |
| Asset Turnover Ratio | 2.55 | 2.6 | 2.07 | 3.02 | 2.68 | 2.21 | 1.46 | 1.01 | 0.92 | 0.92 |
| PAT to CFO Conversion(x) | -0.79 | 2 | 6 | 0.67 | 1.33 | 1.33 | 10 | 1 | N/A | N/A | Working Capital Days |
| Receivable Days | 53 | 52 | 62 | 40 | 50 | 47 | 53 | 50 | 44 | 58 |
| Inventory Days | 38 | 38 | 54 | 45 | 48 | 59 | 64 | 72 | 76 | 72 |
| Payable Days | 93 | 93 | 94 | 51 | 78 | 91 | 98 | 120 | 128 | 160 |
Established in 1989, Texel Industries Limited is an ISO 9001:2015 certified company. Texel is pioneers of its products, namely Tarpaulins and Geomembranes, in India and the 1st Company in India to receive a license from the Bureau of Indian Standards. The company provides end-to-end solutions for its customer’s needs, ranging from consultation and product to installation and after sales service. Over the past many years, the Texel’s Tarpaulins has established a reputation for being superior in quality. Texel is among the largest Tarpaulins and Geomembranes manufacturers and suppliers in India.
Business area of the company
The company is engaged in manufacturing of Tarpaulins and Geomembranes with an experience of more than three decades. The company manufactures a wide range of Geo-synthetics Textile products which includes Tarpaulins, Geomembranes, Vermibed, Geotank, Geotube, Grow Bags Azollabed, and Water Proof Membrane. Its products are used in agriculture, aquaculture, horticulture, animal husbandry, civil engineering, water harvesting, water conservation and disaster relief, landscaping, transportation and waste management.
The Company also undertakes research and development activities to reduce costs through more efficient production processes, to develop new products and to enhance its products, services, technologies, processes etc.
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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