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Shiva Texyarn
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A part of the Rs 500-cr Bannari Amman group, based in Tamilnadu, Shiva Texyarn Ltd., formerly known as Annamallai Finance (AFL) became a public limited company in 1986. The name of the company changed to Shiva Textyarn Limited from the previous name of Annamalai Finance Ltd in October,2002. Presently, it is engaged in the manufacturing of cotton yarn and technical textile products like coated and laminated fabrics, home textile and other value added products.
The company has around 40 windmills in Coimbatore, Tamilnadu. The power generated by the windmills is supplied exclusively to the Bannari Amman group companies Bannari Amman Spinning Mills and Shiva Textiles. The company floated a subsidiary -- Annamalai Properties, to enter the property development sector. It is engaged in property development in Coimbatore, Madras and Bangalore, and other places. AFL has a vast network of branches in prominent cities.
Another subsidiary of the company, Cream Investment & Trading Company, an NSE member dealing in debt and capital market instruments in Bombay, has been provided an on-line trading facility in Coimbatore.
During 2008-09, a project for manufacture of knitted fabric to produce about 1500 MT per annum of knitted fabric commenced operations near Palladam in Coimbatore since April, 2008. A project for manufacture of knitted Garments with about 200 sewing machines was set up near Palladam in Coimbatore. The capacity of the knitting division was increased by the addition of 22 knitting machines during 2010.
A Processing unit was commissioned at SIPCOT Perundurai for carrying out Dyeing/Printing operations during the year 2012-13. The Company also started supplying home textile products to M/s. Ikiya Distribution Services, a world renowned Company in the field of home textiles and furnishing materials during year 2015-16.
During 2016-17, the Scheme for Demerger of the business of Spinning Unit - 1 along with connected wind mills, in favour of Shiva Mills Limited, a wholly owned subsidiary of Company was made effective from 1st April 2015. As per the Scheme of Demerger, the Share Capital of the Demerged Company i.e. Shiva Texyarn Limited was reduced from Rs.21,60,45,210 divided into 2,16,04,521 equity shares of Rs.10/- each to Rs.12,96,27,130 divided into 1,29,62,713 equity shares of Rs 10/- each, on pro-rata reduction of shareholding of the shareholders in the Demerged Company, retaining 3 equity shares of Rs.10 each out of every 5 equity shares of Rs.10/- each held in the Demerged Company, on the Record Date of 6.11.2017. Further, Shiva Mills Limited, allotted and issue to the shareholders of Shiva Texyarn Limited, 2 Equity shares of Rs.10/- each fully paid up for every 5 equity share of Rs.10/- each held by the shareholders and as a result of this, Shiva Texyarn Limited ceased to be the Holding Company of Shiva Mills Limited.
Shiva Texyarn share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Shiva Texyarn indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Shiva Texyarn is valued compared to its competitors.
Shiva Texyarn PE ratio helps investors understand what is the market value of each stock compared to Shiva Texyarn 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Shiva Texyarn evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Shiva Texyarn generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Shiva Texyarn in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Shiva Texyarn shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Shiva Texyarn compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Shiva Texyarn over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Shiva Texyarn helps investors get an insight into when they can enter or exit the stock. Key components of Shiva Texyarn Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Shiva Texyarn shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Shiva Texyarn ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Shiva Texyarn provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Shiva Texyarn highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Shiva Texyarn .
The balance sheet presents a snapshot of Shiva Texyarn ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
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