BSE:503837

Stock Analysis Report

Executive Summary

Shree Rajasthan Syntex Limited operates as an integrated producer of textile raw materials in India.

Rewards

Trading at 95.2% below its fair value

Risk Analysis

Earnings have declined by -61.49% per year over past 5 years

Does not have a meaningful market cap (₹27M)

Currently unprofitable and not forecast to become profitable over the next 3 years

Highly volatile share price over past 3 months



Snowflake Analysis

Slightly overvalued with imperfect balance sheet.

Share Price & News

How has Shree Rajasthan Syntex's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 503837's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-4.8%

503837

1.1%

IN Luxury

-0.8%

IN Market


1 Year Return

-81.6%

503837

18.4%

IN Luxury

11.1%

IN Market

Return vs Industry: 503837 underperformed the Indian Luxury industry which returned 16.6% over the past year.

Return vs Market: 503837 underperformed the Indian Market which returned 11.1% over the past year.


Shareholder returns

503837IndustryMarket
7 Day-4.8%1.1%-0.8%
30 Day-7.9%3.3%-2.3%
90 Day-24.6%9.6%2.1%
1 Year-81.6%-81.6%19.2%18.4%13.1%11.1%
3 Year-85.9%-85.9%54.9%51.5%22.9%16.2%
5 Year-80.0%-80.0%106.1%99.4%34.9%22.6%

Price Volatility Vs. Market

How volatile is Shree Rajasthan Syntex's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Shree Rajasthan Syntex undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 503837 (₹1.99) is trading below our estimate of fair value (₹41.52)

Significantly Below Fair Value: 503837 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 503837 is unprofitable, so we can't compare its PE Ratio to the Luxury industry average.

PE vs Market: 503837 is unprofitable, so we can't compare its PE Ratio to the Indian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 503837's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: Insufficient data to calculate 503837's PB Ratio to determine if it is good value.


Next Steps

Future Growth

How is Shree Rajasthan Syntex forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.8%

Forecasted Consumer Durables industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Shree Rajasthan Syntex has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Shree Rajasthan Syntex performed over the past 5 years?

-61.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 503837 is currently unprofitable.

Growing Profit Margin: 503837 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 503837 is unprofitable, and losses have increased over the past 5 years at a rate of -61.5% per year.

Accelerating Growth: Unable to compare 503837's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 503837 is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (2.5%).


Return on Equity

High ROE: 503837's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Shree Rajasthan Syntex's financial position?


Financial Position Analysis

Short Term Liabilities: 503837 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: 503837 has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: Insufficient data to calculate 503837's debt to equity ratio to determine if it is satisfactory.

Reducing Debt: 503837's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet

Inventory Level: 503837 has a high level of physical assets or inventory.

Debt Coverage by Assets: 503837's debt is not covered by short term assets (assets are 0.9x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable 503837 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: 503837 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -14.5% per year.


Next Steps

Dividend

What is Shree Rajasthan Syntex's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%0.6%markettop25%2.5%industryaverage0.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate 503837's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 503837's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 503837's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 503837's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 503837 is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 503837's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.7yrs

Average management tenure


CEO

Vikas Ladia (45yo)

3.7yrs

Tenure

₹2,912,164

Compensation

Mr. Vikas Ladia has been the Chief Executive Officer and Managing Director of Shree Rajasthan Syntex Ltd. since June 1, 2016. Mr. Ladia served as Joint Managing Director of Shree Rajasthan Syntex Ltd. unt ...


CEO Compensation Analysis

Compensation vs Market: Vikas's total compensation ($USD40.72K) is about average for companies of similar size in the Indian market ($USD50.21K).

Compensation vs Earnings: Vikas's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Vinod Ladia
Chairman14.5yrs₹3.92m10.9% 3.0m
Vikas Ladia
CEO, MD & Executive Director 3.7yrs₹2.91m4.01% 1.1m
Vinay Punjawat
Chief Financial Officer4.5yrs₹1.12m0.000070% 19.1
Suresh Joshi
Vice President of Personnel0yrsno datano data
Raj Mahasani
Assistant Vice President of Marketing0yrsno datano data
Anubhav Ladia
Whole Time Director14.4yrs₹3.51m2.41% 657.0k
Shyam Tundwal
Senior Vice President of Technical0yrsno datano data
Ibrahim Maner
Chief Operating Officer0yrsno datano data
Devanshi Shah
Company Secretary & Compliance Officer0.08yrsno datano data
Kamleshwar Roy
Chief Engineer0yrs₹545.17kno data

3.7yrs

Average Tenure

55yo

Average Age

Experienced Management: 503837's management team is considered experienced (3.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Vinod Ladia
Chairman14.5yrs₹3.92m10.9% 3.0m
Vikas Ladia
CEO, MD & Executive Director 3.7yrs₹2.91m4.01% 1.1m
Anubhav Ladia
Whole Time Director14.4yrs₹3.51m2.41% 657.0k
Narendra Agrawala
Non Executive Independent Director21.3yrs₹56.00k0.025% 6.7k
Susheel Jain
Non-Executive Independent Director13.2yrs₹21.00k1.01% 275.8k
Sunil Goyal
Non-Executive Independent Director13.2yrs₹49.00kno data
Neelima Khetan
Non-Executive Independent Director4.8yrs₹21.00kno data

14.4yrs

Average Tenure

58yo

Average Age

Experienced Board: 503837's board of directors are seasoned and experienced ( 14.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Shree Rajasthan Syntex Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Shree Rajasthan Syntex Limited
  • Ticker: 503837
  • Exchange: BSE
  • Founded: 1979
  • Industry: Textiles
  • Sector: Consumer Durables
  • Market Cap: ₹27.268m
  • Shares outstanding: 13.70m
  • Website: https://www.srsl.in

Number of Employees


Location

  • Shree Rajasthan Syntex Limited
  • SRSL House
  • N.H. 8, Pulla Bhuwana Road
  • Udaipur
  • Rajasthan
  • 313004
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
503837BSE (Mumbai Stock Exchange)YesEquity SharesININRJan 2002

Biography

Shree Rajasthan Syntex Limited operates as an integrated producer of textile raw materials in India. The company offers fiber dyed and raw white products, such as polyester-viscose, acrylic, and slub/flame polyester/PV blends; polyester and viscose; regenerated polyester; micro danier soft/supersoft yarns; and low shrinkage automotive products, as well as karded cotton yarn products. It also offers polypropylene products, including bulk continuous filament, and fully drawn and partially oriented yarns. The company’s products are used in suiting, shirting, sportswear, furnishing, upholstery, towel, knit, blanket, velvet, chenille, seating, technical, and lamination applications. In addition, it generates and supplies power through a thermal generating power plant. Further, it runs various educations programs. The company also exports its spun yarn products primarily to Egypt and Turkey. Shree Rajasthan Syntex Limited was founded in 1979 and is headquartered in Udaipur, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/17 12:39
End of Day Share Price2020/02/13 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.