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Dhanlaxmi Fabrics

BSE:521151
Snowflake Description

Undervalued with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
521151
BSE
₹192M
Market Cap
  1. Home
  2. IN
  3. Consumer Durables
Company description

Dhanlaxmi Fabrics Limited manufactures, processes, and markets fabrics and yarns for garment manufacturers/exporters in India. The last earnings update was 20 days ago. More info.


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  • Dhanlaxmi Fabrics has significant price volatility in the past 3 months.
521151 Share Price and Events
7 Day Returns
-4.9%
BSE:521151
-2.7%
IN Luxury
-0.7%
IN Market
1 Year Returns
-32.1%
BSE:521151
-9.5%
IN Luxury
-8.3%
IN Market
521151 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Dhanlaxmi Fabrics (521151) -4.9% -21.4% -31.2% -32.1% -39.6% 102.8%
IN Luxury -2.7% -1.8% -3.4% -9.5% 52.6% 182.5%
IN Market -0.7% -4% -2.1% -8.3% 45% 78.7%
1 Year Return vs Industry and Market
  • 521151 underperformed the Luxury industry which returned -9.5% over the past year.
  • 521151 underperformed the Market in India which returned -8.3% over the past year.
Price Volatility
521151
Industry
5yr Volatility vs Market

521151 Value

 Is Dhanlaxmi Fabrics undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Dhanlaxmi Fabrics to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data    Our calculation method for this is changing soon.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Dhanlaxmi Fabrics.

BSE:521151 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 15.8%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BSE:521151
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 7.5%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.57
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.573 (1 + (1- 35%) (143.85%))
1.109
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.11
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.109 * 7.45%)
15.81%

Discounted Cash Flow Calculation for BSE:521151 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Dhanlaxmi Fabrics is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

BSE:521151 DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (INR, Millions) 119.96 119.48 119.01 118.54 118.06
Source Est @ -0.4% Est @ -0.4% Est @ -0.4% Est @ -0.4% Est @ -0.4%
Present Value
Discounted (@ 15.81%)
103.58 89.08 76.62 65.89 56.67
Present value of next 5 years cash flows ₹391.84
BSE:521151 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= ₹118.06 × (1 + 7.55%) ÷ (15.81% – 7.55%)
₹1,536.88
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= ₹1,536.88 ÷ (1 + 15.81%)5
₹737.69
BSE:521151 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= ₹391.84 + ₹737.69
₹1,129.53
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹1,129.53 / 8.58
₹131.63
BSE:521151 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹131.63
Current discount Discount to share price of ₹22.35
= -1 x (₹22.35 - ₹131.63) / ₹131.63
83%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Dhanlaxmi Fabrics is available for.
Intrinsic value
>50%
Share price is ₹22.35 vs Future cash flow value of ₹131.63
Current Discount Checks
For Dhanlaxmi Fabrics to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Dhanlaxmi Fabrics's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Dhanlaxmi Fabrics's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Dhanlaxmi Fabrics's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Dhanlaxmi Fabrics's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:521151 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹6.63
BSE:521151 Share Price ** BSE (2019-02-18) in INR ₹22.35
India Luxury Industry PE Ratio Median Figure of 236 Publicly-Listed Luxury Companies 11.59x
India Market PE Ratio Median Figure of 2,710 Publicly-Listed Companies 15.23x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Dhanlaxmi Fabrics.

BSE:521151 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:521151 Share Price ÷ EPS (both in INR)

= 22.35 ÷ 6.63

3.37x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dhanlaxmi Fabrics is good value based on earnings compared to the IN Luxury industry average.
  • Dhanlaxmi Fabrics is good value based on earnings compared to the India market.
Price based on expected Growth
Does Dhanlaxmi Fabrics's expected growth come at a high price?
Raw Data
BSE:521151 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 3.37x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
2.2%per year
India Luxury Industry PEG Ratio Median Figure of 27 Publicly-Listed Luxury Companies 0.98x
India Market PEG Ratio Median Figure of 594 Publicly-Listed Companies 1.12x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Dhanlaxmi Fabrics, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Dhanlaxmi Fabrics's assets?
Raw Data
BSE:521151 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹59.26
BSE:521151 Share Price * BSE (2019-02-18) in INR ₹22.35
India Luxury Industry PB Ratio Median Figure of 306 Publicly-Listed Luxury Companies 0.71x
India Market PB Ratio Median Figure of 3,587 Publicly-Listed Companies 1.04x
BSE:521151 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:521151 Share Price ÷ Book Value per Share (both in INR)

= 22.35 ÷ 59.26

0.38x

* Primary Listing of Dhanlaxmi Fabrics.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dhanlaxmi Fabrics is good value based on assets compared to the IN Luxury industry average.
X
Value checks
We assess Dhanlaxmi Fabrics's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
  5. Dhanlaxmi Fabrics has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

521151 Future Performance

 How is Dhanlaxmi Fabrics expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Dhanlaxmi Fabrics, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
2.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Dhanlaxmi Fabrics expected to grow at an attractive rate?
  • Dhanlaxmi Fabrics's earnings growth is positive but not above the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Dhanlaxmi Fabrics's earnings growth is positive but not above the India market average.
  • Unable to compare Dhanlaxmi Fabrics's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:521151 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:521151 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 2.2%
India Luxury Industry Earnings Growth Rate Market Cap Weighted Average 18.4%
India Luxury Industry Revenue Growth Rate Market Cap Weighted Average 15%
India Market Earnings Growth Rate Market Cap Weighted Average 18.4%
India Market Revenue Growth Rate Market Cap Weighted Average 11.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:521151 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:521151 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 832 58
2018-09-30 786 43
2018-06-30 794 45
2018-03-31 796 147 18
2017-12-31 874 -1
2017-09-30 991 10
2017-06-30 1,050 20
2017-03-31 1,044 203 29
2016-12-31 998 2
2016-09-30 1,035 9
2016-06-30 1,022 8
2016-03-31 1,030 -31 10

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Dhanlaxmi Fabrics's earnings are expected to grow by 2.2% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Dhanlaxmi Fabrics is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:521151 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Dhanlaxmi Fabrics Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:521151 Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 6.63
2018-09-30 4.95
2018-06-30 5.24
2018-03-31 2.14
2017-12-31 -0.11
2017-09-30
2017-06-30
2017-03-31 3.40
2016-12-31 0.21
2016-09-30 1.01
2016-06-30 0.89
2016-03-31 1.19

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Dhanlaxmi Fabrics will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Dhanlaxmi Fabrics's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Dhanlaxmi Fabrics has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

521151 Past Performance

  How has Dhanlaxmi Fabrics performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Dhanlaxmi Fabrics's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Dhanlaxmi Fabrics's year on year earnings growth rate has been positive over the past 5 years.
  • Dhanlaxmi Fabrics has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Dhanlaxmi Fabrics has become profitable in the last year making it difficult to compare the IN Luxury industry average.
Earnings and Revenue History
Dhanlaxmi Fabrics's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Dhanlaxmi Fabrics Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:521151 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 832.26 58.09 81.67
2018-09-30 785.59 42.51 88.15
2018-06-30 794.13 44.97 87.09
2018-03-31 795.96 18.34 81.71
2017-12-31 873.86 -0.93 86.19
2017-09-30 990.97 10.15 71.79
2017-06-30 1,049.73 19.63 75.10
2017-03-31 1,043.94 29.18 73.16
2016-12-31 998.44 1.79 72.78
2016-09-30 1,035.39 8.68 70.79
2016-06-30 1,022.20 7.59 68.57
2016-03-31 1,030.37 10.20 69.21
2015-12-31 1,149.46 74.27 81.85
2015-09-30 1,038.94 59.36 81.54
2015-06-30 1,015.15 37.38 81.03
2015-03-31 989.68 22.03 67.66
2014-12-31 958.19 8.09 77.40
2014-09-30 938.09 13.06 80.37
2014-06-30 883.93 21.15 79.51
2014-03-31 828.22 20.41 76.96
2013-12-31 629.81 11.92 74.54
2013-09-30 638.41 17.12 69.14
2013-06-30 674.54 12.30 54.25
2013-03-31 676.52 13.67 64.39
2012-12-31 664.85 24.40 64.45
2012-09-30 602.69 9.62 57.61
2012-06-30 547.19 3.94 58.80
2012-03-31 508.31 1.88 54.94

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Dhanlaxmi Fabrics has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Dhanlaxmi Fabrics used its assets more efficiently than the IN Luxury industry average last year based on Return on Assets.
  • Dhanlaxmi Fabrics's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Dhanlaxmi Fabrics's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Dhanlaxmi Fabrics has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

521151 Health

 How is Dhanlaxmi Fabrics's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Dhanlaxmi Fabrics's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Dhanlaxmi Fabrics is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Dhanlaxmi Fabrics's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Dhanlaxmi Fabrics's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Dhanlaxmi Fabrics Company Filings, last reported 1 month ago.

BSE:521151 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 509.36 275.88 128.50
2018-09-30 509.36 275.88 128.50
2018-06-30 455.94 243.30 17.10
2018-03-31 455.44 265.29 2.33
2017-12-31
2017-09-30
2017-06-30 438.63 329.83 13.16
2017-03-31 438.13 329.83 6.46
2016-12-31 456.70 293.36 6.22
2016-09-30 445.12 280.21 8.31
2016-06-30 408.99 268.42 6.77
2016-03-31 408.99 268.42 9.97
2015-12-31 436.34 252.01 8.88
2015-09-30 436.34 252.01 8.88
2015-06-30 398.79 220.35 10.11
2015-03-31 398.79 220.35 10.11
2014-12-31 380.93 221.39 14.17
2014-09-30 380.93 221.39 14.17
2014-06-30 380.62 273.92 8.19
2014-03-31 380.62 273.92 8.19
2013-12-31 367.87 205.48 25.40
2013-09-30 367.87 205.48 25.40
2013-06-30 360.21 74.27 3.48
2013-03-31 360.21 74.27 3.47
2012-12-31
2012-09-30
2012-06-30 345.88 59.15 24.43
2012-03-31 345.88 59.15 24.43
  • Dhanlaxmi Fabrics's level of debt (54.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (56% vs 54.2% today).
  • Debt is well covered by operating cash flow (53.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.7x coverage).
X
Financial health checks
We assess Dhanlaxmi Fabrics's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Dhanlaxmi Fabrics has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

521151 Dividends

 What is Dhanlaxmi Fabrics's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Dhanlaxmi Fabrics dividends.
If you bought ₹2,000 of Dhanlaxmi Fabrics shares you are expected to receive ₹0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Dhanlaxmi Fabrics's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Dhanlaxmi Fabrics's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:521151 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Luxury Industry Average Dividend Yield Market Cap Weighted Average of 109 Stocks 0.7%
India Market Average Dividend Yield Market Cap Weighted Average of 1397 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:521151 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2010-01-19 0.000 0.000
2009-11-05 0.000 0.000
2009-06-02 0.000 0.000
2009-02-27 0.500 3.976

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Dhanlaxmi Fabrics has not reported any payouts.
  • Unable to verify if Dhanlaxmi Fabrics's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Dhanlaxmi Fabrics's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Dhanlaxmi Fabrics has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Dhanlaxmi Fabrics's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Dhanlaxmi Fabrics afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Dhanlaxmi Fabrics has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

521151 Management

 What is the CEO of Dhanlaxmi Fabrics's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Vinod Jhawar
COMPENSATION ₹6,000,000
AGE 54
TENURE AS CEO 20.3 years
CEO Bio

Mr. Vinod S. Jhawar has been Managing Director of Dhanlaxmi Fabrics Ltd. since November 1, 1998 and has been its Executive Director since October 17, 2008.

CEO Compensation
  • Vinod's compensation has increased in line with Dhanlaxmi Fabrics recently becoming profitable.
  • Vinod's remuneration is higher than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Dhanlaxmi Fabrics management team in years:

2.1
Average Tenure
54
Average Age
  • The tenure for the Dhanlaxmi Fabrics management team is about average.
Management Team

Vinod Jhawar

TITLE
MD & Executive Director
COMPENSATION
₹6M
AGE
54
TENURE
20.3 yrs

Mahesh Jhawar

TITLE
CFO & Director
COMPENSATION
₹6M
AGE
57
TENURE
2.5 yrs

Bhaviika Jain

TITLE
Compliance Officer & Company Secretary
COMPENSATION
₹718K
AGE
28
TENURE
1.8 yrs

Mukul Jhawar

TITLE
Chief Marketing Officer
TENURE
1 yrs
Board of Directors Tenure

Average tenure and age of the Dhanlaxmi Fabrics board of directors in years:

7.4
Average Tenure
56
Average Age
  • The tenure for the Dhanlaxmi Fabrics board of directors is about average.
Board of Directors

Ramautar Jhawar

TITLE
Non-Executive Chairman
COMPENSATION
₹30K
AGE
62

Vinod Jhawar

TITLE
MD & Executive Director
COMPENSATION
₹6M
AGE
54
TENURE
10.3 yrs

Mahesh Jhawar

TITLE
CFO & Director
COMPENSATION
₹6M
AGE
57
TENURE
26.3 yrs

Durgesh Kabra

TITLE
Non-Executive Independent Director
COMPENSATION
₹23K
AGE
55

Jayashree Iyer

TITLE
Non-Executive Independent Director
COMPENSATION
₹30K
AGE
49
TENURE
4.4 yrs

Gopal Mohta

TITLE
Additional Independent Director
COMPENSATION
₹15K
AGE
63
TENURE
1.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Dhanlaxmi Fabrics's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Dhanlaxmi Fabrics has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

521151 News

Simply Wall St News

521151 Company Info

Map
Description

Dhanlaxmi Fabrics Limited manufactures, processes, and markets fabrics and yarns for garment manufacturers/exporters in India. It operates through two segments, Textile Processing and Power Generation. The company offers fabrics made from cotton, viscose, polyester, blended, lycra as pure white, reactive or vat dyed, pigment, reactive, prints, and disperse or dischange print; and pure white, reactive or vat dyed cotton, rayon, polyester, or blended yarns. It also manufactures and exports fabrics and garments. In addition, the company has installed wind turbines of 1.25 MW in Dhule, Maharashtra. Dhanlaxmi Fabrics Limited was incorporated in 1992 and is based in Mumbai, India.

Details
Name: Dhanlaxmi Fabrics Limited
521151
Exchange: BSE
Founded: 1992
₹191,787,585
8,581,100
Website: http://www.dfl.net.in
Address: Dhanlaxmi Fabrics Limited
Jhawar House,
1st Floor,
Mumbai,
Maharashtra, 400002,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 521151 Equity Shares Mumbai Stock Exchange IN INR 21. Oct 2004
Number of employees
Current staff
Staff numbers
0
Dhanlaxmi Fabrics employees.
Industry
Textiles
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/21 12:33
End of day share price update: 2019/02/18 00:00
Last earnings filing: 2019/02/01
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.