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Shri Techtex
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Shree Techtex Limited was originally formed and registered as a Partnership Firm under the Partnership Act, 1932 in the name of 'M/s Shree Techtex Company', pursuant to a Deed of Partnership dated January 7, 2011. Later on, name of 'M/s Shree Tech Tex Company' changed to 'M/s Shri Techtex ' on July 03, 2018 by amendment in Deed of Partnership. 'M/s Shri Techtex' thereafter, was converted from a Partnership Firm to a Private Limited Company in the name of 'Shri Techtex Private Limited' dated September 08, 2018 from the Central Registration Center. Subsequently, Company was converted into a Public Limited Company on December 31, 2022 and its name was changed to 'Shri Techtex Limited'. A fresh Certificate of Incorporation consequent upon Conversion from Private Limited Company to Public Limited Company dated January 03, 2023 was issued by the Registrar of Companies, Ahmedabad.
The Company is engaged in the business of manufacturing of Polypropylene (PP) Non-Woven Fabric. The manufacturing facility is situated at Dholka Taluka in Ahmedabad District of Gujarat having an installed capacity of 3600 MT PP non-woven fabric per annum.
Since FY 2011, as a Partnership firm, the Company was engaged in the business of industrial trading activity in Polymers, Chemicals, Packaging Materials and other allied products. Later, in 2021, the Company acquired Equity Shares of Aurum Fabrictech Private Limited and Aurum Fabrictech became the wholly owned subsidiary of the Company effective on April 01, 2021.
A Scheme of Arrangement between Shri Techtex Limited (Demerged Company), Aurum Fabrictech Private Limited (Resultant Company) and their respective shareholders and creditors was approved by Regional Director Ahmedabad on December 24, 2021, which became effective from the Appointed Date, April 01, 2021. However, the whole undertaking of Demerged Company of contract manufacturing was transferred to and vested in as a going concern with the Resultant Company (Aurum Fabritech Private Limited), as a result of demerger and consequently, Aurum Fabritech Private Limited was converted to LLP w.e.f. February 02, 2022. After the demerger process got completed, the Company engaged in the business of manufacturing of Polypropylene (PP) Non-Woven Fabric.
The Company is planning to come out with a Public Issue of issuing 74,00,000 equity shares through fresh issue.
Shri Techtex 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 Shri Techtex 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 Shri Techtex is valued compared to its competitors.
Shri Techtex PE ratio helps investors understand what is the market value of each stock compared to Shri Techtex '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 Shri Techtex 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 Shri Techtex 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 Shri Techtex 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 Shri Techtex 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 Shri Techtex 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 Shri Techtex 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 Shri Techtex helps investors get an insight into when they can enter or exit the stock. Key components of Shri Techtex 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 Shri Techtex 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 Shri Techtex ’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 Shri Techtex 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 Shri Techtex 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 Shri Techtex .
The balance sheet presents a snapshot of Shri Techtex ’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.