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Patspin India

NSEI:PATSPINLTD
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PATSPINLTD
NSEI
₹297M
Market Cap
  1. Home
  2. IN
  3. Consumer Durables
Company description

Patspin India Limited manufactures and sells combed cotton yarns in India. The last earnings update was 70 days ago. More info.


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  • Patspin India has significant price volatility in the past 3 months.
PATSPINLTD Share Price and Events
7 Day Returns
-4.5%
NSEI:PATSPINLTD
-0.6%
IN Luxury
-1.9%
IN Market
1 Year Returns
-42.2%
NSEI:PATSPINLTD
-4%
IN Luxury
-2.8%
IN Market
PATSPINLTD Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Patspin India (PATSPINLTD) -4.5% -6.8% -12.7% -42.2% 12.2% 48.5%
IN Luxury -0.6% 1.4% 8.8% -4% 47.5% 162.4%
IN Market -1.9% 1.2% 5.1% -2.8% 38.3% 71%
1 Year Return vs Industry and Market
  • PATSPINLTD underperformed the Luxury industry which returned -4% over the past year.
  • PATSPINLTD underperformed the Market in India which returned -2.8% over the past year.
Price Volatility
PATSPINLTD
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Patspin India 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 Patspin India 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

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

NSEI:PATSPINLTD 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 24.8%
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 NSEI:PATSPINLTD
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.73 (1 + (1- 35%) (660.17%))
2.917
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (2 * 8.6%)
24.75%

Discounted Cash Flow Calculation for NSEI:PATSPINLTD using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Patspin India is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NSEI:PATSPINLTD DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 24.75%)
2019 508.61 Est @ 12.75% 407.70
2020 565.51 Est @ 11.19% 363.38
2021 622.60 Est @ 10.1% 320.69
2022 680.70 Est @ 9.33% 281.05
2023 740.58 Est @ 8.8% 245.11
2024 802.96 Est @ 8.42% 213.03
2025 868.49 Est @ 8.16% 184.71
2026 937.78 Est @ 7.98% 159.87
2027 1,011.39 Est @ 7.85% 138.21
2028 1,089.87 Est @ 7.76% 119.39
Present value of next 10 years cash flows ₹2,433.15
NSEI:PATSPINLTD DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹1,089.87 × (1 + 7.55%) ÷ (24.75% – 7.55%)
₹6,814.84
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹6,814.84 ÷ (1 + 24.75%)10
₹746.53
NSEI:PATSPINLTD Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹2,433.15 + ₹746.53
₹3,179.69
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹3,179.69 / 30.92
₹102.84
NSEI:PATSPINLTD Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹102.84
Current discount Discount to share price of ₹9.65
= -1 x (₹9.65 - ₹102.84) / ₹102.84
90.6%

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

Current Discount
Amount off the current price Patspin India is available for.
Intrinsic value
>50%
Share price is ₹9.65 vs Future cash flow value of ₹102.84
Current Discount Checks
For Patspin India to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Patspin India's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Patspin India'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 Patspin India's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Patspin India's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:PATSPINLTD PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹-1.82
NSEI:PATSPINLTD Share Price ** NSEI (2019-04-24) in INR ₹9.65
India Luxury Industry PE Ratio Median Figure of 240 Publicly-Listed Luxury Companies 12.23x
India Market PE Ratio Median Figure of 2,739 Publicly-Listed Companies 16.02x

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

** Primary Listing of Patspin India.

NSEI:PATSPINLTD PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NSEI:PATSPINLTD Share Price ÷ EPS (both in INR)

= 9.65 ÷ -1.82

-5.31x

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

  • Patspin India is loss making, we can't compare its value to the IN Luxury industry average.
  • Patspin India is loss making, we can't compare the value of its earnings to the India market.
Price based on expected Growth
Does Patspin India's expected growth come at a high price?
Raw Data
NSEI:PATSPINLTD PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -5.31x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
45.6%per year
India Luxury Industry PEG Ratio Median Figure of 25 Publicly-Listed Luxury Companies 1.48x
India Market PEG Ratio Median Figure of 586 Publicly-Listed Companies 1.32x

*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 Patspin India, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Patspin India's assets?
Raw Data
NSEI:PATSPINLTD PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹21.07
NSEI:PATSPINLTD Share Price * NSEI (2019-04-24) in INR ₹9.65
India Luxury Industry PB Ratio Median Figure of 311 Publicly-Listed Luxury Companies 0.75x
India Market PB Ratio Median Figure of 3,630 Publicly-Listed Companies 1.09x
NSEI:PATSPINLTD PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NSEI:PATSPINLTD Share Price ÷ Book Value per Share (both in INR)

= 9.65 ÷ 21.07

0.46x

* Primary Listing of Patspin India.

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

  • Patspin India is good value based on assets compared to the IN Luxury industry average.
X
Value checks
We assess Patspin India'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. Patspin India has a total score of 3/6, 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.

Future Performance

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

  • No analysts cover Patspin India, 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
45.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Patspin India expected to grow at an attractive rate?
  • Patspin India's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Patspin India's earnings growth is expected to exceed the India market average.
  • Unable to compare Patspin India's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:PATSPINLTD Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:PATSPINLTD Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 45.6%
India Luxury Industry Earnings Growth Rate Market Cap Weighted Average 19.3%
India Luxury Industry Revenue Growth Rate Market Cap Weighted Average 15%
India Market Earnings Growth Rate Market Cap Weighted Average 18.3%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*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
NSEI:PATSPINLTD Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months 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.
NSEI:PATSPINLTD Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 5,487 -60
2018-09-30 5,319 -94
2018-06-30 5,272 -107
2018-03-31 5,228 477 -47
2017-12-31 5,355 59
2017-09-30 5,439 119
2017-06-30 5,457 162
2017-03-31 5,315 471 97
2016-12-31 5,095 30
2016-09-30 4,974 12
2016-06-30 4,996 19
2016-03-31 4,963 652 4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Patspin India's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Patspin India 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
NSEI:PATSPINLTD Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Patspin India Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:PATSPINLTD Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 -1.82
2018-09-30 -3.30
2018-06-30 -3.60
2018-03-31 -1.52
2017-12-31 2.44
2017-09-30 4.19
2017-06-30 5.11
2017-03-31 3.12
2016-12-31 1.09
2016-09-30 0.35
2016-06-30 0.67
2016-03-31 0.14

*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 Patspin India will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Patspin India'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.
Patspin India has a total score of 3/6, 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.

Past Performance

  How has Patspin India 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 Patspin India'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.
  • Patspin India does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Patspin India's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Patspin India's 1-year growth to the IN Luxury industry average as it is not currently profitable.
Earnings and Revenue History
Patspin India'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 Patspin India Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:PATSPINLTD 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 5,486.58 -59.67 365.51
2018-09-30 5,319.28 -93.97 358.31
2018-06-30 5,272.18 -107.47 358.81
2018-03-31 5,228.38 -46.97 356.21
2017-12-31 5,355.44 59.04 360.89
2017-09-30 5,439.34 119.04 355.99
2017-06-30 5,456.50 162.40 347.10
2017-03-31 5,315.44 96.54 339.99
2016-12-31 5,094.84 29.94 327.50
2016-09-30 4,973.64 11.84 325.10
2016-06-30 4,996.20 19.20 318.80
2016-03-31 4,963.04 4.24 315.00
2015-12-31 5,296.23 -5.39 490.36
2015-09-30 5,362.13 -76.79 483.76
2015-06-30 5,438.93 -89.89 479.16
2015-03-31 5,544.23 -64.79 295.27
2014-12-31 5,784.06 -45.08 476.60
2014-09-30 6,208.26 37.52 472.10
2014-06-30 6,238.70 76.50 281.70
2014-03-31 6,096.16 39.02 451.00
2013-12-31 5,286.51 57.69 418.55
2013-09-30 4,621.71 -45.01 386.65
2013-06-30 4,657.41 -101.21 364.75
2013-03-31 4,619.71 -158.21 359.95
2012-12-31 4,803.41 -235.26 316.82
2012-09-30 4,630.81 -303.16 323.52
2012-06-30 4,250.41 -337.26 318.72

*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.
  • It is difficult to establish if Patspin India has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Patspin India used its assets less efficiently than the IN Luxury industry average last year based on Return on Assets.
  • It is difficult to establish if Patspin India improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Patspin India'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.
Patspin India has a total score of 0/6, 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.

Health

 How is Patspin India'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 Patspin India's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Patspin India's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Patspin India's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Patspin India'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 not covered by short term assets, assets are 0.8x 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 Patspin India Company Filings, last reported 3 months ago.

NSEI:PATSPINLTD Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 591.40 1,959.60 93.20
2018-09-30 591.40 1,959.60 93.20
2018-06-30 616.61 2,069.00 9.76
2018-03-31 616.61 2,069.00 9.76
2017-12-31 684.60 2,230.50 96.00
2017-09-30 684.60 2,230.50 96.00
2017-06-30 354.80 2,486.10 174.70
2017-03-31 667.90 2,468.52 35.35
2016-12-31 263.20 2,561.20 137.10
2016-09-30 263.20 2,561.20 137.10
2016-06-30 254.80 2,375.50 88.20
2016-03-31 254.78 2,287.90 88.15
2015-12-31 247.70 2,453.60 105.70
2015-09-30 247.70 2,453.60 105.70
2015-06-30 247.03 2,590.57 63.00
2015-03-31 247.03 2,590.57 63.00
2014-12-31 324.50 2,610.00 112.70
2014-09-30 324.50 2,610.00 112.70
2014-06-30 313.10 2,726.60 121.60
2014-03-31 313.08 3,014.99 121.64
2013-12-31 271.20 2,710.90 91.10
2013-09-30 271.20 2,710.90 91.10
2013-06-30 257.04 3,017.19 78.81
2013-03-31 257.04 3,017.19 78.81
2012-12-31 194.90 2,950.40 70.10
2012-09-30 194.90 2,950.40 70.10
2012-06-30 293.65 3,085.06 79.22
  • Patspin India's level of debt (331.3%) 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 (999.1% vs 331.3% today).
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.

  • Whilst loss making Patspin India has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Patspin India has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by % per year.
X
Financial health checks
We assess Patspin India'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. Patspin India has a total score of 4/6, 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.

Dividends

 What is Patspin India'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 Patspin India dividends.
If you bought ₹2,000 of Patspin India 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 Patspin India's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Patspin India'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
NSEI:PATSPINLTD 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 110 Stocks 0.6%
India Market Average Dividend Yield Market Cap Weighted Average of 1400 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 2%

Industry and Market average data is calculated daily.

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

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

  • Unable to perform a dividend volatility check as Patspin India has not reported any payouts.
  • Unable to verify if Patspin India's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Patspin India's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Patspin India 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 Patspin India'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 Patspin India afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Patspin India 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.

Management

 What is the CEO of Patspin India'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
Umang Patodia
COMPENSATION ₹0
AGE 49
TENURE AS CEO 12 years
CEO Bio

Mr. Umang Patodia has been the Managing Director of Patspin India Ltd., since April 1, 2007. Mr. Patodia has 16 years of experience. He serves as an Executive Director of Patspin India Ltd. He served as an Independent Director of GTN Textiles Ltd. until January 2009. He served as Independent Director of GTN Industries Ltd. He holds a B.Com degree.

CEO Compensation
  • Umang's compensation has been consistent with company performance over the past year.
  • Umang's remuneration is lower than average for companies of similar size in India.
Management Team Tenure

Average tenure of the Patspin India management team in years:

4.1
Average Tenure
  • The tenure for the Patspin India management team is about average.
Management Team

Umang Patodia

TITLE
MD & Executive Director
AGE
49
TENURE
12 yrs

T. Ravindran

TITLE
CFO & GM of Finance
COMPENSATION
₹2M
TENURE
2.9 yrs

Dipu George

TITLE
Deputy Company Secretary & Compliance Officer
COMPENSATION
₹428K
TENURE
4.1 yrs
Board of Directors Tenure

Average tenure and age of the Patspin India board of directors in years:

5.8
Average Tenure
68
Average Age
  • The tenure for the Patspin India board of directors is about average.
Board of Directors

Binod Patodia

TITLE
Non-Executive Chairman
COMPENSATION
₹30K
AGE
73

Umang Patodia

TITLE
MD & Executive Director
AGE
49

N. Bafna

TITLE
Independent Director
COMPENSATION
₹80K
AGE
79
TENURE
18.8 yrs

Rajen Mariwala

TITLE
Independent Director
COMPENSATION
₹8K
AGE
55
TENURE
13.3 yrs

Prem Malik

TITLE
Independent Director
COMPENSATION
₹63K
AGE
76
TENURE
6.9 yrs

Sthanunathan Sundareshan

TITLE
Independent Director
COMPENSATION
₹63K
AGE
66
TENURE
4.6 yrs

Pamela Mathew

TITLE
Independent Director
COMPENSATION
₹20K
AGE
68
TENURE
4.1 yrs

Rajesh Jacob

TITLE
Director
COMPENSATION
₹8K
TENURE
2.5 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 Patspin India'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. Patspin India 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.

News

Simply Wall St News

The Patspin India (NSE:PATSPINLTD) Share Price Is Up 83% And Shareholders Are Holding On

While Patspin India Limited (NSE:PATSPINLTD) shareholders are probably generally happy, the stock hasn't had particularly good run recently, with the share price falling 11% in the last quarter. … Patspin India isn't a profitable company, so it is unlikely we'll see a strong correlation between its share price and its earnings per share (EPS). … When a company doesn't make profits, we'd generally expect to see good revenue growth.

Simply Wall St -

What Kind Of Shareholders Own Patspin India Limited (NSE:PATSPINLTD)?

Every investor in Patspin India Limited (NSE:PATSPINLTD) should be aware of the most powerful shareholder groups. … Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … Patspin India is a smaller company with a market capitalization of ₹376m, so it may still be flying under the radar of many institutional investors.

Simply Wall St -

What You Must Know About Patspin India Limited's (NSE:PATSPINLTD) Financial Strength

Investors are always looking for growth in small-cap stocks like Patspin India Limited (NSE:PATSPINLTD), with a market cap of ₹384.95m. … However, an important fact which most ignore is: how financially healthy is the business?

Simply Wall St -

Is Patspin India Limited's (NSE:PATSPINLTD) PE Ratio A Signal To Buy For Investors?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for PATSPINLTD Price per share = ₹14.8 Earnings per share = ₹2.441 ∴ Price-Earnings Ratio = ₹14.8 ÷ ₹2.441 = 6.1x The P/E ratio isn’t a metric you view in isolation and only becomes useful when you compare it against other similar companies. … For example, if you inadvertently compared lower risk firms with PATSPINLTD, then investors would naturally value PATSPINLTD at a lower price since it is a riskier investment. … Similarly, if you accidentally compared higher growth firms with PATSPINLTD, investors would also value PATSPINLTD at a lower price since it is a lower growth investment.

Simply Wall St -

What You Must Know About Patspin India Limited's (NSE:PATSPINLTD) Market Risks

Based on this beta value, PATSPINLTD appears to be a stock that an investor with a high-beta portfolio would look for to reduce risk exposure to the market. … As a result, this aspect of PATSPINLTD indicates a higher beta than a similar size company with a lower portion of fixed assets on their balance sheet. … However, this is the opposite to what PATSPINLTD’s actual beta value suggests, which is lower stock volatility relative to the market.

Simply Wall St -

Should You Be Concerned About Patspin India Limited's (NSE:PATSPINLTD) Shareholders?

See our latest analysis for Patspin India NSEI:PATSPINLTD Ownership_summary Apr 25th 18 Insider Ownership Another important group of shareholders are company insiders. … With 9.25% ownership, PATSPINLTD insiders is an important ownership type. … Private Company Ownership Another group of owners that a potential investor in PATSPINLTD should consider are private companies, with a stake of 18.53%.

Simply Wall St -

Did Patspin India Limited's (NSE:PATSPINLTD) Recent Earnings Growth Beat The Trend?

Measuring Patspin India Limited's (NSEI:PATSPINLTD) track record of past performance is a valuable exercise for investors. … Since these figures are somewhat myopic, I have estimated an annualized five-year figure for Patspin India's earnings, which stands at -₹16.76M This means that, on average, Patspin India has been able to consistently raise its earnings over the past few years as well. … Patspin India's track record can be a valuable insight into its earnings performance, but it certainly doesn't tell the whole story.

Simply Wall St -

Is Patspin India Limited's (NSE:PATSPINLTD) 9.14% ROE Strong Compared To Its Industry?

See our latest analysis for Patspin India Breaking down Return on Equity Return on Equity (ROE) is a measure of Patspin India’s profit relative to its shareholders’ equity. … Return on Equity = Net Profit ÷ Shareholders Equity ROE is measured against cost of equity in order to determine the efficiency of Patspin India’s equity capital deployed. … Since Patspin India’s return does not cover its cost, with a difference of -13.86%, this means its current use of equity is not efficient and not sustainable.

Simply Wall St -

Is Patspin India Limited's (NSE:PATSPINLTD) Balance Sheet Strong Enough To Weather A Storm?

PATSPINLTD has sustained its debt level by about ₹2.35B over the last 12 months – this includes both the current and long-term debt. … On top of this, PATSPINLTD has produced ₹74.58M in operating cash flow in the last twelve months, resulting in an operating cash to total debt ratio of 3.17%, signalling that PATSPINLTD’s debt is not appropriately covered by operating cash. … In PATSPINLTD's case, the ratio of 0.86x suggests that interest is not strongly covered, which means that lenders may be more reluctant to lend out more funding as PATSPINLTD’s low interest coverage already puts the company at higher risk of default.Next Steps: With a high level of debt on its balance sheet, PATSPINLTD could still be in a financially strong position if its cash flow also stacked up.

Simply Wall St -

Is Patspin India Limited (NSE:PATSPINLTD) A Buy At Its Current PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for PATSPINLTD Price per share = ₹23.7 Earnings per share = ₹2.441 ∴ Price-Earnings Ratio = ₹23.7 ÷ ₹2.441 = 9.7x The P/E ratio itself doesn’t tell you a lot; however, it becomes very insightful when you compare it with other similar companies. … For example, if you are inadvertently comparing lower risk firms with PATSPINLTD, then PATSPINLTD’s P/E would naturally be lower than its peers, since investors would value those with lower risk with a higher price. … If this assumption does not hold true, PATSPINLTD’s lower P/E ratio may be because firms in our peer group are being overvalued by the market.

Simply Wall St -

Company Info

Description

Patspin India Limited manufactures and sells combed cotton yarns in India. It offers yarns of various counts. The company also exports its products. Patspin India Limited was incorporated in 1991 and is based in Mumbai, India.

Details
Name: Patspin India Limited
PATSPINLTD
Exchange: NSEI
Founded: 1991
₹296,832,000
30,920,000
Website: http://www.patspin.com
Address: Patspin India Limited
43, Mittal Chambers,
4th Floor,
Mumbai,
Maharashtra, 400021,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NSEI PATSPINLTD Equity Shares National Stock Exchange of India IN INR 10. May 1995
BSE 514326 Equity Shares Mumbai Stock Exchange IN INR 10. May 1995
Number of employees
Current staff
Staff numbers
1,604
Patspin India employees.
Industry
Textiles
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/24 12:50
End of day share price update: 2019/04/24 00:00
Last earnings filing: 2019/02/13
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.