Spentex Industries Limited
CLC Industries Limited, a textile company, engages in the manufacture and trading of synthetic and cotton yarns in India. The company was formerly known as Spentex Industries Limited and changed its name to CLC Industries Limited in July 2018. CLC Industries Limited was incorporated in 1991 and is based in New Delhi, India.
Spentex Industries Limited (SPENTEX) - Net Assets
Latest net assets as of September 2024: ₹65.74 Million INR
Based on the latest financial reports, Spentex Industries Limited (SPENTEX) has net assets worth ₹65.74 Million INR as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹645.03 Million) and total liabilities (₹579.29 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹65.74 Million |
| % of Total Assets | 10.19% |
| Annual Growth Rate | -8.85% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 60.55 |
Spentex Industries Limited - Net Assets Trend (2007–2024)
This chart illustrates how Spentex Industries Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Spentex Industries Limited (2007–2024)
The table below shows the annual net assets of Spentex Industries Limited from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-03-31 | ₹562.38 Million | +110.26% |
| 2023-03-31 | ₹-5.48 Billion | -2.04% |
| 2022-03-31 | ₹-5.37 Billion | +37.12% |
| 2019-03-31 | ₹-8.55 Billion | -8.52% |
| 2018-03-31 | ₹-7.87 Billion | -14.14% |
| 2017-03-31 | ₹-6.90 Billion | -78.51% |
| 2016-03-31 | ₹-3.86 Billion | -37.34% |
| 2015-03-31 | ₹-2.81 Billion | -28.70% |
| 2014-03-31 | ₹-2.19 Billion | +4.60% |
| 2013-03-31 | ₹-2.29 Billion | -39.13% |
| 2012-03-31 | ₹-1.65 Billion | -137.96% |
| 2011-03-31 | ₹4.34 Billion | +8.08% |
| 2010-03-31 | ₹4.02 Billion | +24.37% |
| 2009-03-31 | ₹3.23 Billion | +7.43% |
| 2008-03-31 | ₹3.01 Billion | +10.62% |
| 2007-03-31 | ₹2.72 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Spentex Industries Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 792749400000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | ₹103.95 Million | 18.48% |
| Other Comprehensive Income | ₹7.32 Billion | 1302.37% |
| Other Components | ₹1.06 Billion | 188.77% |
| Total Equity | ₹562.38 Million | 100.00% |
Spentex Industries Limited Competitors by Market Cap
The table below lists competitors of Spentex Industries Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
RPM Automotive Group Ltd
AU:RPM
|
$2.80 Million |
|
INTERDIGITAL
BE:IDI
|
$2.80 Million |
|
GUNGNIR RES INC.
F:AMO1
|
$2.80 Million |
|
Quest Water Global Inc
PINK:QWTR
|
$2.80 Million |
|
OLIPASS Corporation
KQ:244460
|
$2.80 Million |
|
BRADDA HEAD LITHIUM O.N.
F:8CD1
|
$2.80 Million |
|
Melkior Resources Inc
PINK:MKRIF
|
$2.79 Million |
|
MICube Solution Inc
KQ:373170
|
$2.79 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Spentex Industries Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -5,482,873,000 to 562,383,000, a change of 6,045,256,000.
- Net loss of 342,808,000 reduced equity.
- Share repurchases of 892,523,000 reduced equity.
- Other comprehensive income increased equity by 7,324,120,182.
- Other factors decreased equity by 43,533,182.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹-342.81 Million | -60.96% |
| Share Repurchases | ₹892.52 Million | -158.7% |
| Other Comprehensive Income | ₹7.32 Billion | +1302.34% |
| Other Changes | ₹-43.53 Million | -7.74% |
| Total Change | ₹- | % |
Book Value vs Market Value Analysis
This analysis compares Spentex Industries Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 5.18x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 7.23x to 5.18x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-03-31 | ₹38.72 | ₹280.00 | x |
| 2008-03-31 | ₹41.10 | ₹280.00 | x |
| 2009-03-31 | ₹45.17 | ₹280.00 | x |
| 2010-03-31 | ₹56.18 | ₹280.00 | x |
| 2011-03-31 | ₹53.37 | ₹280.00 | x |
| 2012-03-31 | ₹-19.78 | ₹280.00 | x |
| 2013-03-31 | ₹-26.10 | ₹280.00 | x |
| 2014-03-31 | ₹-24.40 | ₹280.00 | x |
| 2015-03-31 | ₹-31.35 | ₹280.00 | x |
| 2016-03-31 | ₹-43.05 | ₹280.00 | x |
| 2017-03-31 | ₹-76.85 | ₹280.00 | x |
| 2018-03-31 | ₹-87.72 | ₹280.00 | x |
| 2019-03-31 | ₹-95.19 | ₹280.00 | x |
| 2022-03-31 | ₹-59.86 | ₹280.00 | x |
| 2023-03-31 | ₹-61.08 | ₹280.00 | x |
| 2024-03-31 | ₹54.10 | ₹280.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Spentex Industries Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -60.96%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.70x
- Recent ROE (-60.96%) is below the historical average (-9.22%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 4.79% | 1.40% | 0.68x | 5.00x | ₹-136.95 Million |
| 2008 | -7.41% | -1.63% | 0.82x | 5.54x | ₹-510.96 Million |
| 2009 | -73.16% | -19.41% | 0.74x | 5.08x | ₹-2.68 Billion |
| 2010 | -11.23% | -3.68% | 0.75x | 4.05x | ₹-852.30 Million |
| 2011 | 0.40% | 0.11% | 0.98x | 3.77x | ₹-416.48 Million |
| 2012 | 0.00% | -25.37% | 0.95x | 0.00x | ₹-2.60 Billion |
| 2013 | 0.00% | -3.64% | 1.06x | 0.00x | ₹-203.72 Million |
| 2014 | 0.00% | -2.48% | 1.43x | 0.00x | ₹-64.25 Million |
| 2015 | 0.00% | -9.42% | 1.20x | 0.00x | ₹-576.67 Million |
| 2016 | 0.00% | -23.98% | 1.08x | 0.00x | ₹-1.53 Billion |
| 2017 | 0.00% | -73.41% | 1.86x | 0.00x | ₹-5.05 Billion |
| 2018 | 0.00% | -24.07% | 1.81x | 0.00x | ₹-367.06 Million |
| 2019 | 0.00% | -22.55% | 1.00x | 0.00x | ₹302.62 Million |
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | ₹422.76 Million |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | ₹438.85 Million |
| 2024 | -60.96% | 0.00% | 0.00x | 1.70x | ₹-399.05 Million |
Industry Comparison
This section compares Spentex Industries Limited's net assets metrics with peer companies in the Textile Manufacturing industry.
Industry Context
- Industry: Textile Manufacturing
- Average net assets among peers: $-15,328,366,560
- Average return on equity (ROE) among peers: 8.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Spentex Industries Limited (SPENTEX) | ₹65.74 Million | 4.79% | 8.81x | $2.80 Million |
| Aarvee Denims & Exports Limited (AARVEEDEN) | $2.56 Billion | 0.07% | 2.01x | $18.42 Million |
| Akshar Spintex Limited (AKSHAR) | $362.57 Million | 3.43% | 1.02x | $3.77 Million |
| Alok Industries Limited (ALOKINDS) | $-206.30 Billion | 0.00% | 0.00x | $179.15 Million |
| Alps Industries Limited (ALPSINDUS) | $2.04 Billion | 0.00% | 5.49x | $155.37K |
| Ambika Cotton Mills Limited (AMBIKCO) | $5.65 Billion | 12.02% | 0.11x | $40.48 Million |
| Arvind Limited (ARVIND) | $34.04 Billion | 11.88% | 1.03x | $623.55 Million |
| Axita Cotton Limited (AXITA) | $362.65 Million | 42.51% | 2.00x | $21.73 Million |
| AYM Syntex Limited (AYMSYNTEX) | $789.26 Million | 14.66% | 2.84x | $26.36 Million |
| Banswara Syntex Limited (BANSWRAS) | $2.69 Billion | 3.12% | 2.99x | $11.94 Million |
| Bannari Amman Spinning Mills Limited (BASML) | $4.51 Billion | -4.87% | 1.72x | $6.49 Million |