SKS Textiles

How has been the historical performance of the SKS Textiles?

SKS Textiles has experienced a significant decline in financial performance from March 2020 to March 2022, with net sales dropping from Rs 187.69 crore to Rs 0.59 crore and operating profit turning negative at -Rs 7.25 crore. The company's total liabilities and assets also decreased substantially, leading to a severe decline in shareholder value.

Answer:<BR>The historical performance of SKS Textiles shows a significant decline in financial metrics over the years, particularly from March 2020 to March 2022.<BR><BR>Breakdown:<BR>SKS Textiles experienced a drastic reduction in net sales, dropping from Rs 187.69 crore in March 2020 to just Rs 0.59 crore in March 2022. This decline is mirrored in total operating income, which fell from Rs 187.69 crore in March 2020 to the same Rs 0.59 crore in March 2022. The company's total expenditure also decreased significantly, from Rs 192.11 crore in March 2020 to Rs 8.55 crore in March 2022. Operating profit, which was positive at Rs 9.95 crore in March 2019, turned negative, reaching -Rs 7.25 crore in March 2022. Consequently, profit before tax and profit after tax both showed substantial losses, with figures of -Rs 11.56 crore and -Rs 11.47 crore respectively in March 2022. The company's total liabilities decreased from Rs 122.14 crore in March 2020 to Rs 32.82 crore in March 2022, while total assets also fell from Rs 122.14 crore to Rs 32.82 crore in the same period. The book value per share deteriorated significantly, moving from Rs 89.94 in March 2020 to -Rs 152.20 in March 2022, indicating a severe decline in shareholder value. Overall, the financial data reflects a challenging period for SKS Textiles, characterized by declining revenues, increasing losses, and a significant reduction in asset values.

Who are the top shareholders of the SKS Textiles?

The top shareholders of SKS Textiles include promoter Shah Vicky Sukanraj with 9.23% and public shareholder Zztransit with 44.31%, while individual investors hold 48.55%. There are no pledged promoter holdings, and the company has no mutual funds or foreign institutional investors.

The top shareholders of SKS Textiles include the promoter Shah Vicky Sukanraj, who holds 9.23% of the shares. The highest public shareholder is Zztransit, with a significant holding of 44.31%. Additionally, individual investors collectively hold 48.55% of the company's shares. Notably, there are no pledged promoter holdings, and the company does not have any mutual funds or foreign institutional investors currently holding shares.

Who are in the management team of SKS Textiles?

As of March 2018, the management team of SKS Textiles includes Chairman Sukanraj Shah, Managing Director Vicky Shah, Whole Time Director Sahil Shah, and several non-executive directors, with total remuneration ranging from Rs. 5.0k to Rs. 6.84 lacs. They oversee the company's strategic direction and governance.

As of March 2018, the management team of SKS Textiles includes:<BR><BR>1. Sukanraj Shah - Chairman (Remuneration: Rs. 3.6 lacs)<BR>2. Vicky Shah - Managing Director (Remuneration: Rs. 6.84 lacs)<BR>3. Sahil Shah - Whole Time Director (Remuneration: Rs. 6.84 lacs)<BR>4. Sapna Shah - Non Executive Director (Remuneration: Rs. 5.0 k)<BR>5. Satish Anand Sharma - Non Executive Independent Director (Remuneration: Rs. 5.0 k)<BR>6. Mihir Manek - Non Executive Independent Director (Remuneration: Rs. 5.0 k)<BR>7. Naveena Singh - Company Secretary & Compliance Officer (Remuneration: Rs. 0)<BR><BR>This team is responsible for the strategic direction and governance of the company.

When is the next results date for SKS Textiles?

No Upcoming Board Meetings

Has SKS Textiles declared dividend?

No Dividend History Available

Is SKS Textiles overvalued or undervalued?

As of April 25, 2023, SKS Textiles is classified as risky with a PE ratio of -0.39, indicating it may be undervalued compared to peers like K.P.R. Mill Ltd. and Trident Ltd., despite a significant underperformance of -45.88% over the past three years.

As of 25 April 2023, the valuation grade for SKS Textiles has moved from does not qualify to risky, indicating a significant shift in perception regarding its financial health. The company appears to be undervalued given its current metrics, with a PE ratio of -0.39, an EV to EBITDA of -8.61, and a ROCE of -62.99%. These figures suggest that the company is struggling to generate positive returns and is facing substantial financial challenges.<BR><BR>In comparison to its peers, SKS Textiles stands out with a notably low PE ratio, while K.P.R. Mill Ltd. is categorized as very expensive with a PE ratio of 47.51, and Trident Ltd. is considered fair with a PE ratio of 42.6. The stark contrast in valuation ratios highlights the potential for SKS Textiles to be undervalued relative to its peers, despite its current risky classification. Over the past three years, the company has underperformed significantly, with a return of -45.88% compared to a 52.42% increase in the Sensex, reinforcing the need for cautious evaluation of its market position.

What is the technical trend for SKS Textiles?

As of February 12, 2024, SKS Textiles shows a neutral technical trend with no clear bullish or bearish indicators, currently stagnating at 13.80 and underperforming against the Sensex over the past 3 to 5 years.

As of 12 February 2024, the technical trend for SKS Textiles has changed from mildly bearish to does not qualify. Given the lack of specific technical indicators and the current price stagnation at 13.80, there is insufficient data to form a definitive bullish or bearish stance. The stock's performance relative to the Sensex over various time frames also shows significant underperformance, particularly over the 3-year and 5-year periods. Overall, the current technical stance is neutral due to the lack of qualifying indicators.

Who are the peers of the SKS Textiles?

SKS Textiles' peers include Rajvir Inds., Gangotri Textile, Kiran Syntex, Gravity (India), Svarnim Trade Ud, Mafia Trends, and Aananda Lakshmi. All peers have a 1-year return of 0.00% and generally do not qualify well in management risk, growth, and capital structure.

Peers: The peers of SKS Textiles are Rajvir Inds., Gangotri Textile, Kiran Syntex, Gravity (India), Svarnim Trade Ud, Mafia Trends, and Aananda Lakshmi.<BR><BR>Quality Snapshot: All peers, including Rajvir Inds., SKS Textiles, Gangotri Textile, and Svarnim Trade Ud, do not qualify in terms of management risk, growth, and capital structure. Kiran Syntex and Gravity (India) exhibit below average management risk, growth, and capital structure, while Mafia Trends shows average management risk, below average growth, and average capital structure. The rest of the peers, Aananda Lakshmi, Rajvir Inds., Gangotri Textile, and Svarnim Trade Ud, do not qualify in these categories.<BR><BR>Return Snapshot: All peers, including SKS Textiles, have a 1-year return of 0.00%, indicating no variation among them. Since all peers share the same return, there is no peer with a higher or lower return. Additionally, there are no peers with a negative six-month return.

What does SKS Textiles do?

SKS Textiles Ltd is a Micro Cap company in the Garments & Apparels industry, incorporated in 1997 and rebranded in 2017. It has a market cap of INR 4 Cr, with no recent revenue or profit data available.

Overview: <BR>SKS Textiles Ltd operates in the Garments & Apparels industry and is categorized as a Micro Cap company.<BR><BR>History: <BR>SKS Textiles Ltd was incorporated as a Private Limited Company on 20th October 1997. It changed its status to a Public Limited Company and rebranded to its current name on September 08, 2017. Revenue and profit data for the latest quarter are not available.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: N/A <BR>Most recent Net Profit: N/A <BR>Market-cap value: INR 4 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: N/A <BR>Industry P/E: 26 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: -1.29 <BR>Return on Equity: 23.32% <BR>Price to Book: -0.09<BR><BR>Contact Details: <BR>Address: Gala No. 431 Keval Indust. Est, IV Flr Senapati Bapat LowerPar Mumbai Maharashtra : 400013 <BR>Phone: 91-22-61206222 <BR>Email: info@groupsks.com <BR>Website: http://www.groupsks.in

How big is SKS Textiles?

As of 23rd July, SKS Textiles Ltd has a market capitalization of 4.00 Cr, classifying it as a Micro Cap company. There is no valid financial data available for Net Sales and Net Profit for the latest four quarters, and as of March 2022, Shareholder's Funds were -49.61 Cr with Total Assets at 32.82 Cr.

As of 23rd July, <BR><BR>Market Cap: SKS Textiles Ltd has a market capitalization of 4.00 Cr, categorizing it as a Micro Cap company.<BR><BR>Recent Quarterly Performance: There is no valid financial data available for Net Sales and Net Profit for the latest four quarters.<BR><BR>Balance Sheet Snapshot: The reporting period is March 2022, with Shareholder's Funds at -49.61 Cr and Total Assets at 32.82 Cr.

Why is SKS Textiles Ltd falling/rising?

As of 16-Mar, SKS Textiles Ltd's stock price is stable at 13.80 with no recent changes. Despite a historical decline, today's outperformance against its sector and increased investor interest may suggest potential for future price appreciation.

As of 16-Mar, SKS Textiles Ltd's stock price is currently stable at 13.80, showing no change (0.00%). The stock has not experienced any price movement recently, which is reflected in its performance metrics. Over the past week and month, the stock has remained unchanged, while the benchmark Sensex has declined by 2.58% and 8.85%, respectively. <BR><BR>Despite the lack of price change, the stock has outperformed its sector by 6.37% today, indicating relative strength compared to its peers. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 114.29% against the 5-day average, suggesting growing interest among investors. <BR><BR>However, the stock's longer-term performance shows a decline, with a 23.55% drop over the past three years and a 43.21% decrease over the past five years, contrasting sharply with the Sensex's gains during the same periods. The moving averages indicate that while the stock is performing better than its short-term averages (5-day and 20-day), it remains below its longer-term averages (50-day, 100-day, and 200-day), which could suggest potential resistance to upward price movement.<BR><BR>In summary, while SKS Textiles Ltd's stock price is currently stable, the combination of outperforming the sector today and increased investor participation may indicate a potential for future price appreciation, despite its historical declines.

Which are the latest news on SKS Textiles?