TUNI TEXTILE MILLS LIMITED

Financials Tuni Textile Mills Limited

Equities

TUNITEX6

INE560D01027

Textiles & Leather Goods

Market Closed - Bombay S.E. Other stock markets 03:30:55 13/05/2024 pm IST			5-day change	1st Jan Change
1.71 ^INR	-3.39%		-5.00%	-18.18%

01/04	Tuni Textile Mills Limited Announces Resignation of Pramod Kr. Bajaj as an Independent Director	CI
13/02	Tuni Textile Mills Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023	CI

Valuation

Fiscal Period: March	2018	2019	2020	2021	2022	2023
Capitalization ¹	64.01	24.82	24.82	62.7	539.5	197.3
Enterprise Value (EV) ¹	141.1	100.3	107	139.3	643.7	299.3
P/E ratio	-45.9 x	15.6 x	-8.17 x	58.9 x	193 x	77.2 x
Yield	-	-	-	-	-	-
Capitalization / Revenue	0.19 x	0.07 x	0.1 x	0.25 x	1.3 x	0.46 x
EV / Revenue	0.42 x	0.29 x	0.42 x	0.55 x	1.55 x	0.7 x
EV / EBITDA	19.2 x	8.15 x	11.3 x	10.3 x	46.8 x	23.3 x
EV / FCF	-6.17 x	-48.3 x	-11.3 x	42.1 x	-22 x	-78.7 x
FCF Yield	-16.2%	-2.07%	-8.83%	2.38%	-4.54%	-1.27%
Price to Book	0.52 x	0.2 x	0.2 x	0.51 x	4.24 x	1.52 x
Nbr of stocks (in thousands)	1,30,631	1,30,631	1,30,631	1,30,631	1,30,631	1,30,631
Reference price ²	0.4900	0.1900	0.1900	0.4800	4.130	1.510
Announcement Date	30/08/18	30/08/19	31/08/20	01/09/21	05/09/22	05/09/23

¹INR in Million²INR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March	2018	2019	2020	2021	2022	2023
Net sales ¹	332.7	347.5	255	253.4	416.1	429.6
EBITDA ¹	7.333	12.31	9.506	13.47	13.75	12.83
EBIT ¹	0.6394	7.534	6.791	10.38	11.37	10.04
Operating Margin	0.19%	2.17%	2.66%	4.09%	2.73%	2.34%
Earnings before Tax (EBT) ¹	2.005	0.7398	-1.122	2.603	3.001	3.601
Net income ¹	-1.394	1.587	-3.036	1.065	2.792	2.556
Net margin	-0.42%	0.46%	-1.19%	0.42%	0.67%	0.6%
EPS ²	-0.0107	0.0122	-0.0232	0.008149	0.0214	0.0196
Free Cash Flow ¹	-22.88	-2.075	-9.456	3.31	-29.25	-3.804
FCF margin	-6.88%	-0.6%	-3.71%	1.31%	-7.03%	-0.89%
FCF Conversion (EBITDA)	-	-	-	24.58%	-	-
FCF Conversion (Net income)	-	-	-	310.93%	-	-
Dividend per Share	-	-	-	-	-	-
Announcement Date	30/08/18	30/08/19	31/08/20	01/09/21	05/09/22	05/09/23

¹INR in Million²INR

Estimates

Balance Sheet Analysis

Fiscal Period: March	2018	2019	2020	2021	2022	2023
Net Debt ¹	77.1	75.5	82.2	76.6	104	102
Net Cash position ¹	-	-	-	-	-	-
Leverage (Debt/EBITDA)	10.51 x	6.136 x	8.648 x	5.69 x	7.575 x	7.955 x
Free Cash Flow ¹	-22.9	-2.08	-9.46	3.31	-29.2	-3.8
ROE (net income / shareholders' equity)	-1.12%	1.28%	-2.46%	0.87%	2.22%	1.99%
ROA (Net income/ Total Assets)	0.16%	1.63%	1.31%	2.08%	2.36%	2%
Assets ¹	-867.9	97.37	-231.4	51.22	118.5	127.5
Book Value Per Share ²	0.9400	0.9600	0.9300	0.9500	0.9700	0.9900
Cash Flow per Share ²	0	0	0	0	0	0
Capex ¹	10.3	3.21	6.42	1.61	0.22	5.88
Capex / Sales	3.08%	0.92%	2.52%	0.64%	0.05%	1.37%
Announcement Date	30/08/18	30/08/19	31/08/20	01/09/21	05/09/22	05/09/23

¹INR in Million²INR

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sector Synthetic Fabrics

	1st Jan change	Capi.
TUNI TEXTILE MILLS LIMITED	-18.18%	2.77M
XINFENGMING GROUP CO., LTD.	+5.14%	3.23B
TAYHO ADVANCED MATERIALS GROUP CO., LTD.	-25.07%	1.39B
BILLION INDUSTRIAL HOLDINGS LIMITED	-1.79%	1.19B
XINXIANG CHEMICAL FIBER CO., LTD.	+34.67%	886M
JIANGSU HUAXICUN CO.,LTD.	-13.83%	880M
SHINKONG SYNTHETIC FIBERS CORPORATION	+9.00%	850M
GARWARE TECHNICAL FIBRES LIMITED	-5.33%	757M
KORDSA TEKNIK TEKSTIL	+25.61%	610M
HANGZHOU JUHESHUN NEW MATERIAL CO.,LTD	+21.07%	514M

Synthetic Fabrics

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TUNITEX6 Stock
Financials Tuni Textile Mills Limited

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