NSEI:AYMSYNTEX

Stock Analysis Report

Executive Summary

AYM Syntex Limited manufactures and sells synthetic yarns in India.

Rewards

Earnings grew by 104.5% over the past year

Risk Analysis

Earnings have declined by -37.98% per year over past 5 years

Interest payments are not well covered by earnings

Large one-off items impacting financial results

Shareholders have been diluted in the past year

+ 1 more risk


Snowflake Analysis

Adequate balance sheet with acceptable track record.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

3.0%

AYMSYNTEX

-0.5%

IN Luxury

-1.5%

IN Market


1 Year Return

14.4%

AYMSYNTEX

18.2%

IN Luxury

10.7%

IN Market

Return vs Industry: AYMSYNTEX underperformed the Indian Luxury industry which returned 18.2% over the past year.

Return vs Market: AYMSYNTEX exceeded the Indian Market which returned 10.7% over the past year.


Shareholder returns

AYMSYNTEXIndustryMarket
7 Day3.0%-0.5%-1.5%
30 Day5.3%3.0%-2.7%
90 Day14.9%9.2%1.3%
1 Year14.4%14.4%19.0%18.2%12.7%10.7%
3 Year-57.3%-57.3%52.2%48.8%22.0%15.1%
5 Yearn/a106.9%100.1%34.5%22.0%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

14.03x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: AYMSYNTEX is poor value based on its PE Ratio (14x) compared to the Luxury industry average (11.2x).

PE vs Market: AYMSYNTEX is poor value based on its PE Ratio (14x) compared to the Indian market (13.1x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: AYMSYNTEX is good value based on its PB Ratio (0.5x) compared to the IN Luxury industry average (0.5x).


Next Steps

Future Growth

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

-38.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AYMSYNTEX has a large one-off loss of ₹33.5M impacting its December 31 2019 financial results.

Growing Profit Margin: AYMSYNTEX's current net profit margins (1.1%) are higher than last year (0.6%).


Past Earnings Growth Analysis

Earnings Trend: AYMSYNTEX's earnings have declined by -38% per year over the past 5 years.

Accelerating Growth: AYMSYNTEX's earnings growth over the past year (104.5%) exceeds its 5-year average (-38% per year).

Earnings vs Industry: AYMSYNTEX earnings growth over the past year (104.5%) exceeded the Luxury industry 5.6%.


Return on Equity

High ROE: AYMSYNTEX's Return on Equity (3.6%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is AYM Syntex's financial position?


Financial Position Analysis

Short Term Liabilities: AYMSYNTEX's short term assets (₹3.2B) exceed its short term liabilities (₹3.1B).

Long Term Liabilities: AYMSYNTEX's short term assets (₹3.2B) exceed its long term liabilities (₹1.8B).


Debt to Equity History and Analysis

Debt Level: AYMSYNTEX's debt to equity ratio (87.1%) is considered high.

Reducing Debt: AYMSYNTEX's debt to equity ratio has reduced from 129.2% to 87.1% over the past 5 years.

Debt Coverage: AYMSYNTEX's debt is well covered by operating cash flow (20.9%).

Interest Coverage: AYMSYNTEX's interest payments on its debt are not well covered by EBIT (1.8x coverage).


Balance Sheet

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

Debt Coverage by Assets: AYMSYNTEX's debt is covered by short term assets (assets are 1.1x debt).


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%0.6%markettop25%2.6%industryaverage0.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

Growing Dividend: Insufficient data to determine if AYMSYNTEX'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 AYMSYNTEX'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?

4.5yrs

Average board tenure


CEO

Abhishek Mandawewala (32yo)

₹7,356,000

Compensation

Mr. Abhishek R. Mandawewala has been Chief Executive Officer and Managing Director of AYM Syntex Limited since May 6, 2017. Mr. Mandawewala has been Whole-Time Director at Welspun Syntex Limited since Augu ...


CEO Compensation Analysis

Compensation vs Market: Abhishek's total compensation ($USD102.80K) is above average for companies of similar size in the Indian market ($USD50.34K).

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


Board Members

NamePositionTenureCompensationOwnership
Abhishek Mandawewala
CEO, MD & Whole-Time Director0yrs₹7.36mno data
Khushboo Mandawewala
Head HR0.6yrsno datano data
Mohan Tandon
Independent Non Executive Director0yrs₹365.00kno data
Atul Desai
Independent Non Executive Director0yrs₹505.00k0.000060% 1.0k
Rajesh Ramesh Mandawewala
Chairman of the Board0yrs₹1.14m72.5% 1.2b
Viswanathan Kollengode
Independent Director4.6yrs₹365.00kno data

4.5yrs

Average Tenure

57yo

Average Age

Experienced Board: AYMSYNTEX's board of directors are considered experienced (4.5 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 been diluted in the past year, with total shares outstanding growing by 7.3%.


Top Shareholders

Company Information

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


Key Information

  • Name: AYM Syntex Limited
  • Ticker: AYMSYNTEX
  • Exchange: NSEI
  • Founded: 1983
  • Industry: Textiles
  • Sector: Consumer Durables
  • Market Cap: ₹1.699b
  • Shares outstanding: 49.98m
  • Website: https://www.aymsyntex.com

Number of Employees


Location

  • AYM Syntex Limited
  • Trade World, B Wing
  • 9th Floor
  • Mumbai
  • Maharashtra
  • 400013
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
508933BSE (Mumbai Stock Exchange)YesEquity SharesININRJan 2002
AYMSYNTEXNSEI (National Stock Exchange of India)YesEquity SharesININRJan 2002

Biography

AYM Syntex Limited manufactures and sells synthetic yarns in India. It offers bulk continuous filament (BCF) yarns, such as air twisted, power heat set/superba heat set, cabled/twisted, and air entangled yarns, as well as BCF singles; conventional dyed and textile yarns, including fully drawn, draw textured, highly oriented, mono, mother FDY, and air textured yarns; and nylon/polyamide yarns. The company sells its products under the Comfeel, Spinovate, Elior, Silque, Polycycle, Polymagic, Polywonder, Rezilia, and Ecose brand names. AYM Syntex Limited also exports its products. The company was formerly known as Welspun Syntex Limited and changed its name to AYM Syntex Limited in December 2015. The company was incorporated in 1983 and is headquartered in Mumbai, India. AYM Syntex Limited is a subsidiary of Mandawewala Enterprises Limited. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/19 13:15
End of Day Share Price2020/02/19 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.