Flexituff Ventures International Ltd.
Snapshot View

23.30 -0.75 ▼-3.1%

23 July 2021, 04:00:00 P.M.
Volume: 1,809

Overview View Details

Sector Textile Compare with Sector peers
Industry Textile Compare with Industry peers
Website http://www.flexituff.com
Financial Indicators
Market Cap 57.98 Cr.
Earnings per share (EPS) -23.81 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) - Trailing Twelve Months Ending 2021-03
Industry PE 26.67 Trailing Twelve Months Ending 2021-03
Book Value / Share 53.82 Trailing Twelve Months Ending 2021-03
Price to Book Value 0.43 Calculated using Price: 23.30
Dividend Yield 0.00 Period Ending 2020-03
No. of Shares Subscribed 2.49 Cr. 24,882,806 Shares
FaceValue 10
Company Profile

Flexituff International, a polymer manufacturing company, incorporated as partnership firm was converted into public limited company on April 25, 2003. It is engaged in production of FIBC, Geo-Textile Fabric and Ground Cover, Reverse Printed BOPP Woven Bags, Special PP Bags including Leno Bags.

The company exports it products to around 30 countries across globe with major thrust in US and Europe. Recently, it manufactured and exported Trap Bags for AmeriGlobe USA. AmeriGlobe was contracted by City of Fargo to provide Trap bag Container Barrier System for flood protection in eight Fargo City locations. Flexituff International is recognized as one of the most reputed producers of FIBC in the world.

  • Flexituff International, presently, manufactures products from its three fully integrated and self-sufficient manufacturing units. The two units are located in Pithampur (M.P.) and one in Kashipur (Uttrakhand). These manufacturing units have an installed capacity of 12,200 MT and 12,800 MT respectively.
  • It has a recycling and reprocessing plant at Kandla which is used for recovering polypropylene and making various compounds of plastics.
  • Additionally, a research and Development centre at Kashipur which is engaged in the research and development of various compounds for plastic products including engineering plastic, bio-degradable plastic and other new product developments. The Company has spent ` 245.47 million on research and development for the period April 1, 2007 till June 30, 2011.
  • The company also owns a land admeasuring 5,72,347 sq. ft. at SEZ, Pithampur in Dhar district of M.P. The existing manufacturing facilities occupies approximately 295,500 square feet of land.
  • It has marketing offices at Pithampur and Delhi. Pithampur office handles marketing of FIBCs. Delhi office handles marketing of BOPP, geo-textile products, special PP bags, compounding and polymers. Apart from this, it has its sales representatives at Mumbai, Hyderabad and Kolkata and marketing offices in UK and USA.

Subsidiary :

  • Lakshmi Incorporated, U.S.A is engaged in manufacturing of reclosable extruded zipper profile which is used as a secondary closure for 5-50 kg bags.
  • Flexiglobal (UK) Limited is engaged in distribution and marketing of FIBCs.

Product Portfolio:a) Flexible Intermediate Bulk Containers (FIBC)b) Geo-Textile Fabric and Ground Coversc) Reverse Printed BOPP Woven Bagsd) Special PP Bags and Leno Bags

Future projects:

  • Polymer Compounding: The company already has installed machinery to produce 10,000 MT of various compounds at Kashipur. It can be broadly divided into two main categories viz.-Filler compounds (like Calcium, Elastomer) and-Modifier compounds (like UV/Colour Masterbatch, Bonding agents, Drip Masterbatch, etc.)
  • Injection-moulded articles: It has presently commenced production for pallets, crates, boxes and other industrial / domestic injection moulded articles on trial basis. Also as part of the expansion programme at Kashipur, company is proposing to manufacture injection moulded articles for drip irrigation industry, with a thrust on production of drippers.
  • The company intends to expand its manufacturing facilities at SEZ and DTA units at Pithampur also looks forward to set up Dripper Project at Kashipur. To meet the fund requirements of Rs 100 crore, company came up with an initial public offer (IPO) which was subscribed 1.14 times.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-3.12%
1 Week
-8.81%
1 Month
+11.22%
3 Month
+2.64%
6 Month
+53.29%
1 Year
+181.06%
2 Year
-3.72%
5 Year
-88.42%
9 years 2012-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 17.52 8.85 5.45 5.06 1.27 1.08 -1.11 -6.27 -60.41
Return on Capital Employed (%) 19.01 15.77 10.35 8.53 9.43 10.38 9.63 7.24 -12.70
Return on Assets (%) 5.19 2.80 1.67 1.52 0.36 0.29 -0.30 -1.65 -13.27

Balance Sheet View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 268 308 364 379 383 391 387 364 196
Non Curr. Liab. 155 181 288 339 331 462 236 295 -3
Curr. Liab. 378 531 515 595 650 634 819 758 941
Minority Int. 2 1 0 -1 -1 -2
Equity & Liab. 802 1,021 1,168 1,312 1,364 1,487 1,440 1,415 1,131
Non Curr. Assets 405 482 607 701 717 708 671 637 588
Curr. Assets 397 539 561 612 647 779 769 778 543
Misc. Exp. not W/O 0 0
Total Assets 802 1,021 1,168 1,312 1,364 1,487 1,440 1,415 1,131

Profit Loss View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 743 971 1,088 1,177 1,313 1,457 1,261 1,250 885
Other Income 4 4 9 12 19 8 31 21 16
Total Income 747 974 1,097 1,189 1,332 1,464 1,291 1,271 901
Total Expenditure -631 -849 -977 -1,062 -1,170 -1,280 -1,106 -1,121 -954
PBIDT 116 125 121 127 162 184 186 150 -53
Interest -49 -66 -58 -69 -93 -110 -112 -109 -74
Depreciation -18 -24 -27 -46 -66 -70 -76 -70 -75
Taxation -11 -10 -8 7 2 -1 -3 6 32
Exceptional Items -10
PAT 38 26 18 19 5 4 -4 -24 -169

Cash Flow View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. 84 66 65 112 142 23 189 133 95
Cash Fr. Inv. -78 -99 -165 -117 -53 -31 -33 -32 -22
Cash Fr. Finan. 1 37 102 5 -79 3 -163 -105 -71
Net Change 8 4 2 1 10 -5 -8 -4 2
Cash & Cash Eqvt 23 26 28 8 18 13 9 5 7

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 32.88 32.88 32.88 32.88 32.88 32.88 32.88 32.88 32.88
Public 67.12 67.12 67.12 67.12 67.12 67.12 67.12 67.12 67.12
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 0.00

Announcements View Details

Tue, 13 Jul 2021
Disclosure to Related Party Transaction pursuant to Regulation 23(9) of Securities and Exchange Board of India (Listing Obligation and Disclosure Requirement) Regulation 2015.
Regulation 23(9) of SEBI (Listing obligations and Disclosure Requirements) Regulations 2015 please find enclosed herewith disclosures of Related Party Transactions on a standalone and consolidated basis in the format specified in the relevant accounting standard for the Half year ended March 31 2021.
Tue, 13 Jul 2021
In Terms Of
Regulation 23(9) of SEBI (Listing obligations and Disclosure Requirements) Regulations 2015 please find enclosed herewith disclosures of Related Party Transactions on a standalone and consolidated basis in the format specified in the relevant accounting standard for the Half year ended March 31 2021.
Thu, 08 Jul 2021
Shareholding for the Period Ended June 30 2021
Flexituff Ventures International Ltd has submitted to BSE the Shareholding Pattern for the Period Ended June 30 2021. For more details kindly Click here

Technical Scans View Details

Fri, 23 Jul 2021
Stock Underperforming Benchmark Index in both 1 Week and 3 Month Stock Underperforming Benchmark Index in both 1 Week and 3 Month
Stock Underperforming Sectoral Index in both 1 Week and 3 Month Stock Underperforming Sectoral Index in both 1 Week and 3 Month
Decreasing Relative Strength - Benchmark index Decreasing Relative Strength - Benchmark index
Decreasing Relative Strength - Sectoral index Decreasing Relative Strength - Sectoral index
Both SRS And ARS Above Zero Both SRS And ARS Above Zero

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