BSE:510245

Stock Analysis Report

Swasti Vinayaka Synthetics

Executive Summary

Swasti Vinayaka Synthetics Limited manufactures and sells suiting, shirting, and other apparel products in India.


Snowflake Analysis

Flawless balance sheet average dividend payer.

Share Price & News

How has Swasti Vinayaka Synthetics's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 510245 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-11.2%

510245

-0.5%

IN Luxury

-1.5%

IN Market


1 Year Return

-1.0%

510245

18.2%

IN Luxury

10.7%

IN Market

Return vs Industry: 510245 underperformed the Indian Luxury industry which returned 18.4% over the past year.

Return vs Market: 510245 underperformed the Indian Market which returned 11.1% over the past year.


Shareholder returns

510245IndustryMarket
7 Day-11.2%-0.5%-1.5%
30 Day-1.4%3.0%-2.7%
90 Day4.7%9.2%1.3%
1 Year2.5%-1.0%19.0%18.2%12.7%10.7%
3 Year-10.6%-18.2%52.2%48.8%22.0%15.1%
5 Year58.1%34.6%106.9%100.1%34.5%22.0%

Price Volatility Vs. Market

How volatile is Swasti Vinayaka Synthetics's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Swasti Vinayaka Synthetics undervalued compared to its fair value and its price relative to the market?

8.09x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 510245 (₹2.92) is trading above our estimate of fair value (₹2.76)

Significantly Below Fair Value: 510245 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 510245 is good value based on its PE Ratio (8.1x) compared to the Luxury industry average (11.1x).

PE vs Market: 510245 is good value based on its PE Ratio (8.1x) compared to the Indian market (13.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 510245's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 510245 is overvalued based on its PB Ratio (1.5x) compared to the IN Luxury industry average (0.5x).


Next Steps

Future Growth

How is Swasti Vinayaka Synthetics forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.9%

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 Swasti Vinayaka Synthetics 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 Swasti Vinayaka Synthetics performed over the past 5 years?

30.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 510245 has high quality earnings.

Growing Profit Margin: 510245's current net profit margins (13.3%) are higher than last year (11.2%).


Past Earnings Growth Analysis

Earnings Trend: 510245's earnings have grown significantly by 30.6% per year over the past 5 years.

Accelerating Growth: 510245's earnings growth over the past year (2.7%) is below its 5-year average (30.6% per year).

Earnings vs Industry: 510245 earnings growth over the past year (2.7%) underperformed the Luxury industry 2.7%.


Return on Equity

High ROE: 510245's Return on Equity (17.9%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Swasti Vinayaka Synthetics's financial position?


Financial Position Analysis

Short Term Liabilities: 510245's short term assets (₹171.2M) exceed its short term liabilities (₹78.7M).

Long Term Liabilities: 510245's short term assets (₹171.2M) exceed its long term liabilities (₹43.6M).


Debt to Equity History and Analysis

Debt Level: 510245's debt to equity ratio (7%) is considered satisfactory.

Reducing Debt: 510245's debt to equity ratio has reduced from 24.1% to 7% over the past 5 years.

Debt Coverage: 510245's debt is well covered by operating cash flow (141.6%).

Interest Coverage: 510245's interest payments on its debt are well covered by EBIT (13.4x coverage).


Balance Sheet

Inventory Level: 510245 has a high level of physical assets or inventory.

Debt Coverage by Assets: 510245's debt is covered by short term assets (assets are 17.6x debt).


Next Steps

Dividend

What is Swasti Vinayaka Synthetics's current dividend yield, its reliability and sustainability?

3.77%

Current Dividend Yield


Dividend Yield vs Market

company3.8%marketbottom25%0.6%markettop25%2.6%industryaverage0.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: 510245's dividend (3.77%) is higher than the bottom 25% of dividend payers in the Indian market (0.6%).

High Dividend: 510245's dividend (3.77%) is in the top 25% of dividend payers in the Indian market (2.55%)


Stability and Growth of Payments

Stable Dividend: 510245's dividend payments have been volatile in the past 10 years.

Growing Dividend: 510245's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (30.5%), 510245's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

0.8yrs

Average management tenure


CEO

Nagabhushan Hegde 0

Mr. Nagabhushan T. Hegde serves as Chief Executive Officer at Swasti Vinayaka Synthetics Ltd. and served as its Compliance Officer until April 26, 2019. He was Compliance Officer in Ashirwad Capital Limite ...


Leadership Team

NamePositionTenureCompensationOwnership
Rajesh Kumar Poddar
Chairman & MD1.8yrs₹3.25m3.61% 7.5m
Sneha Samel
Chief Marketing Officer0yrsno datano data
Nagabhushan Hegde
Chief Executive Officer0yrsno datano data
Rajesh Raut
Chief Financial Officer0.8yrsno datano data
Shikha Mishra
Company Secretary & Compliance Officer0.8yrsno datano data

0.8yrs

Average Tenure

44yo

Average Age

Experienced Management: 510245's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Rajesh Kumar Poddar
Chairman & MD1.8yrs₹3.25m3.61% 7.5m
Rakesh Nathmal Garodia
Independent Director 11.2yrsno datano data
Ramprasad Poddar
Director0yrsno data2.64% 5.5m
Shilpa Poddar
Non-Executive Director4.9yrsno data0.14% 301.4k
Dinesh Ramprasad Kumar Poddar
Non-Executive Director0yrsno data3.83% 8.0m
Sanjiv Rungta
Independent Director11.2yrsno datano data

8.0yrs

Average Tenure

55.5yo

Average Age

Experienced Board: 510245's board of directors are considered experienced (8 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

Swasti Vinayaka Synthetics Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Swasti Vinayaka Synthetics Limited
  • Ticker: 510245
  • Exchange: BSE
  • Founded: 1981
  • Industry: Textiles
  • Sector: Consumer Durables
  • Market Cap: ₹207.900m
  • Shares outstanding: 70.00m
  • Website: https://www.swastivinayaka.com

Number of Employees


Location

  • Swasti Vinayaka Synthetics Limited
  • 306, Tantia Jogani Industrial Estate
  • J. R. Boricha Marg
  • Mumbai
  • Maharashtra
  • 400011
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
510245BSE (Mumbai Stock Exchange)YesEquity SharesININRJan 2002

Biography

Swasti Vinayaka Synthetics Limited manufactures and sells suiting, shirting, and other apparel products in India. It offers a range of shirting fabrics, including cotton, linen, lycra, polyester, viscose, and their blends. The company provides its uniform fabrics to corporate and government institutions. It also designs bridal and formal ethnic wear under the Ivy League brand; and supplies salwar kameez and tunics. The company markets its products through a network of agents/dealers, as well as directly to retail chains, the RMG sector, garment exporters, clothing brands, and corporate houses. The company was formerly known as Rajesh Synthetics Ltd. and changed its name to Swasti Vinayaka Synthetics Limited in September 1999. Swasti Vinayaka Synthetics Limited was incorporated in 1981 and is based in Mumbai, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/18 12:38
End of Day Share Price2020/02/18 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.