BSE:530443

Stock Analysis Report

Executive Summary

Kiran Syntex Limited manufactures and supplies polyester dyed yarns primarily in India.

Rewards

Earnings have grown 21.3% per year over the past 5 years

Risk Analysis

Does not have a meaningful market cap (₹18M)

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



Snowflake Analysis

Mediocre balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 530443 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

530443

0.2%

IN Luxury

-0.4%

IN Market


1 Year Return

n/a

530443

16.6%

IN Luxury

11.1%

IN Market

Return vs Industry: Insufficient data to determine how 530443 performed against the Indian Luxury industry.

Return vs Market: Insufficient data to determine how 530443 performed against the Indian Market.


Shareholder returns

530443IndustryMarket
7 Day0%0.2%-0.4%
30 Day0%2.6%-1.5%
90 Dayn/a8.7%3.3%
1 Yearn/a17.3%16.6%13.0%11.1%
3 Year6.5%6.5%53.8%52.0%25.3%18.6%
5 Year16.1%16.1%103.0%96.4%35.4%23.1%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

0.72x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 530443's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 530443's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 530443 is unprofitable, so we can't compare its PE Ratio to the Luxury industry average.

PE vs Market: 530443 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 530443's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 530443 is overvalued based on its PB Ratio (0.7x) compared to the IN Luxury industry average (0.5x).


Next Steps

Future Growth

How is Kiran 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 Kiran 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 Kiran Syntex performed over the past 5 years?

21.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 530443 is currently unprofitable.

Growing Profit Margin: 530443 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 530443 is unprofitable, but has reduced losses over the past 5 years at a rate of 21.3% per year.

Accelerating Growth: Unable to compare 530443's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 530443 is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (2.7%).


Return on Equity

High ROE: 530443 has a negative Return on Equity (-2.45%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Kiran Syntex's financial position?


Financial Position Analysis

Short Term Liabilities: 530443's short term assets (₹3.8M) exceed its short term liabilities (₹1.8M).

Long Term Liabilities: 530443 has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: 530443's debt to equity ratio (3.6%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if 530443's debt to equity ratio has reduced over the past 5 years.


Balance Sheet

Inventory Level: 530443 has a low level of unsold assets or inventory.

Debt Coverage by Assets: 530443's debt is covered by short term assets (assets are 4.5x 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: Insufficient data to determine if 530443 has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if 530443 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%0.6%markettop25%2.5%industryaverage0.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate 530443's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 530443'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 530443's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 530443's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 530443'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?

7.5yrs

Average board tenure


CEO

Maheshkumar Godiwala (71yo)

0

Mr. Maheshkumar Motiram Godiwala serves as the Chairman, Managing Director and Compliance Officer of Kiran Syntex Ltd. Mr. Godiwala served as Chief Financial Officer at Kiran Syntex Ltd. He has been a Dire ...


CEO Compensation Analysis

Compensation vs Market: Maheshkumar's total compensation ($USD0.00) is below average for companies of similar size in the Indian market ($USD50.14K).

Compensation vs Earnings: Maheshkumar's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Maheshkumar Godiwala
Chairman & MD0yrsno data0.00024% 42.0
Ami Godiwala
CFO & Director4.9yrsno data14.3% 2.5m
Dhirajbhai Patel
Independent Director11.4yrsno datano data
Manojkumar Patel
Additional Independent Director7.5yrsno datano data

7.5yrs

Average Tenure

53yo

Average Age

Experienced Board: 530443's board of directors are considered experienced (7.5 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

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


Key Information

  • Name: Kiran Syntex Limited
  • Ticker: 530443
  • Exchange: BSE
  • Founded: 1986
  • Industry: Textiles
  • Sector: Consumer Durables
  • Market Cap: ₹17.510m
  • Shares outstanding: 4.25m
  • Website: https://www.kiransyntex.com

Number of Employees


Location

  • Kiran Syntex Limited
  • No. 1/324, Popat Street
  • Nanpura
  • Surat
  • Gujarat
  • 395001
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
530443BSE (Mumbai Stock Exchange)YesEquity SharesININRAug 2011

Biography

Kiran Syntex Limited manufactures and supplies polyester dyed yarns primarily in India. Its products include polyester mono, polyester filament, polyester air textured, polyester slub, and polyester space dyed yarns. The company’s products are used in textile and apparel industries. Kiran Syntex Limited was founded in 1986 and is based in Surat, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/16 13:00
End of Day Share Price2019/12/02 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.