NSEI:VINNY

Stock Analysis Report

Executive Summary

Vinny Overseas Limited engages in the manufacturing and processing of textile fabrics in India.

Risk Analysis

Interest payments are not well covered by earnings

Does not have a meaningful market cap (₹334M)

Profit margins (1.1%) are lower than last year (1.8%)

Shareholders have been diluted in the past year



Snowflake Analysis

Mediocre balance sheet with questionable track record.


Similar Companies

Share Price & News

How has Vinny Overseas's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

VINNY

-0.5%

IN Luxury

-1.5%

IN Market


1 Year Return

-10.6%

VINNY

18.2%

IN Luxury

10.7%

IN Market

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

Return vs Market: VINNY underperformed the Indian Market which returned 10.7% over the past year.


Shareholder returns

VINNYIndustryMarket
7 Day0%-0.5%-1.5%
30 Day0%3.0%-2.7%
90 Dayn/a9.2%1.3%
1 Year-10.6%-10.6%19.0%18.2%12.7%10.7%
3 Yearn/a52.2%48.8%22.0%15.1%
5 Yearn/a106.9%100.1%34.5%22.0%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Vinny Overseas undervalued compared to its fair value and its price relative to the market?

14.77x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: VINNY is poor value based on its PE Ratio (14.8x) compared to the Luxury industry average (11.2x).

PE vs Market: VINNY is poor value based on its PE Ratio (14.8x) compared to the Indian market (13.1x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: VINNY is overvalued based on its PB Ratio (1.1x) compared to the IN Luxury industry average (0.5x).


Next Steps

Future Growth

How is Vinny Overseas 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 Vinny Overseas 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 Vinny Overseas performed over the past 5 years?

20.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: VINNY has high quality earnings.

Growing Profit Margin: VINNY's current net profit margins (1.1%) are lower than last year (1.8%).


Past Earnings Growth Analysis

Earnings Trend: VINNY's earnings have grown significantly by 20.6% per year over the past 5 years.

Accelerating Growth: VINNY's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: VINNY had negative earnings growth (-27.9%) over the past year, making it difficult to compare to the Luxury industry average (5.6%).


Return on Equity

High ROE: VINNY's Return on Equity (7.5%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Vinny Overseas's financial position?


Financial Position Analysis

Short Term Liabilities: VINNY's short term assets (₹612.6M) exceed its short term liabilities (₹364.5M).

Long Term Liabilities: VINNY's short term assets (₹612.6M) exceed its long term liabilities (₹198.2M).


Debt to Equity History and Analysis

Debt Level: VINNY's debt to equity ratio (79.7%) is considered high.

Reducing Debt: VINNY's debt to equity ratio has reduced from 163.1% to 79.7% over the past 5 years.

Debt Coverage: VINNY's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: VINNY's interest payments on its debt are not well covered by EBIT (2x coverage).


Balance Sheet

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

Debt Coverage by Assets: VINNY's debt is covered by short term assets (assets are 2.6x debt).


Next Steps

Dividend

What is Vinny Overseas'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 VINNY's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

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

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

1.8yrs

Average management tenure


CEO

Hiralal Parekh (54yo)

2.8yrs

Tenure

₹6,000,000

Compensation

Mr. Hiralal Jagdishchand Parekh has been Managing Director at Vinny Overseas Limited since April 1, 2017 and serves as its Chairman. Mr. Parekh serves as Director of Vinny Overseas Limited. He has more tha ...


CEO Compensation Analysis

Compensation vs Market: Hiralal's total compensation ($USD83.85K) is above average for companies of similar size in the Indian market ($USD50.34K).

Compensation vs Earnings: Insufficient data to compare Hiralal's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Hiralal Parekh
MD & Chairman2.8yrs₹6.00m42.92% 143.3m
Mularam Prajapati
Chief Financial Officer1.8yrsno datano data
Pushpendra Ranawat
Company Secretary & Compliance Officer1.8yrsno datano data
Latadevi Parekh
Whole Time Director9.9yrs₹1.20m10.9% 36.4m
Nishita Shah
Whole Time Director4.6yrs₹840.00k5.81% 19.4m

1.8yrs

Average Tenure

52yo

Average Age

Experienced Management: VINNY's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Hiralal Parekh
MD & Chairman2.8yrs₹6.00m42.92% 143.3m
Latadevi Parekh
Whole Time Director9.9yrs₹1.20m10.9% 36.4m
Nishita Shah
Whole Time Director4.6yrs₹840.00k5.81% 19.4m
Vandini Chowdhury
Non-Executive Director9.8yrsno data6.68% 22.3m
Jyotindra Adeshra
Independent Director2.5yrs₹60.00kno data
Tarunkumar Mankad
Independent Director2.5yrs₹60.00kno data

4.6yrs

Average Tenure

54yo

Average Age

Experienced Board: VINNY's board of directors are considered experienced (4.6 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 26.5%.


Top Shareholders

Company Information

Vinny Overseas Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Vinny Overseas Limited
  • Ticker: VINNY
  • Exchange: NSEI
  • Founded: 1992
  • Industry: Textiles
  • Sector: Consumer Durables
  • Market Cap: ₹333.764m
  • Shares outstanding: 9.19m
  • Website: https://www.vinnyoverseas.in

Number of Employees


Location

  • Vinny Overseas Limited
  • Behind International Hotel
  • Narol-Isanpur Road
  • Ahmedabad
  • Gujarat
  • 382405
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
VINNYNSEI (National Stock Exchange of India)YesEquity SharesININROct 2018

Biography

Vinny Overseas Limited engages in the manufacturing and processing of textile fabrics in India. The company offers polyester for use in clothing, home furnishings, industrial fabrics, computer and recording tapes, and electrical insulations; rayon; cotton fabrics for use in dresses, kurtis, and shirtings; denims; and PV and PC blended products. It also trades in grey cloth. The company was founded in 1992 and is based in Ahmedabad, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/19 13:23
End of Day Share Price2019/12/20 00:00
Earnings2019/09/30
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.