Futura Polyesters share price

BSE: 500720Textiles & Apparels

Futura Polyesters Ltd. · Face value ₹10 · Listed Sep 1970

Trading suspended since 10 Aug 2018

Last traded ₹3.85 on 20 Mar 2013

Latest announcements

Routine notices left out.

Share price history

Daily closes since Jul 2008, adjusted for splits and bonuses. Earlier closes are left out: on 29 Jul 2008 a scheme of arrangement changed the share, and its terms are not stated.

Daily close, ₹ per share

Q1 results, quarter to Jun 2020

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

Revenue
₹0.00 Cr
Operating profit
₹0.00 Cr
Net profit
−₹8.60 Cr
Earnings per share
−₹1.57

From revenue to net profit, ₹ crore

  1. Revenue0.0
  2. Employee costs0.0
  3. Other expenses0.0
  4. Operating profit0.0
  5. Depreciation0.0
  6. Other income0.0
  7. One-off items−8.6
  8. Finance costs0.0
  9. Profit before tax−8.6
  10. Tax0.0
  11. Net profit−8.6

Futura Polyesters results by quarter

Standalone: the listed company alone, without its subsidiaries. Latest quarter to Jun 2020. Results for the quarter to Sep 2020 were due by 14 Nov 2020, 45 days after it ends. Every company's dates are on the results calendar.

Revenue and net profit by quarter, ₹ crore

  • Revenue
  • Net profit
  • Loss
Sep 17Dec 17Mar 18Jun 18Sep 18−0.7Dec 18−63Mar 19−3.5Jun 19−3.3Sep 19−3.6Dec 190−9.6Mar 200−8.6Jun 20
Peak revenue ₹0.00 Cr, quarter to Mar 2020A loss in 7 of the 7 quarters with results on record

Operating and net margin by quarter, per cent

  • Operating margin
  • Net margin
₹ croreDec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Q1
Revenue from operations–––––0.00.0
–––––0.00.0
Materials and goods bought–––––0.00.0
Employee costs–––––0.00.0
Other expenses–––––0.00.0
Operating profit before depreciation–––––0.00.0
Depreciation and amortisation–––––0.00.0
Other income–––––0.00.0
Finance costs–––––0.00.0
Profit before one-off items and tax–––––0.00.0
One-off items−0.7−62.6−3.5−3.3−3.6−9.6−8.6
Profit before tax–––––−9.6−8.6
Tax–––––0.00.0
Net profit−0.7−62.6−3.5−3.3−3.6−9.6−8.6
Other comprehensive income–––––−0.2−0.3
Total comprehensive income–––––−9.9−8.9
Earnings per share−₹0.13−₹11.41−₹0.64−₹0.61−₹0.65−₹1.75−₹1.57
Earnings per share in rupees, restated for later splits and bonuses. No results on record for the quarters to Sep 2015, Dec 2015, Mar 2016, Jun 2016, Sep 2016, Dec 2016, Mar 2017, Jun 2017, Sep 2017, Dec 2017, Mar 2018, Jun 2018 and Sep 2018.

10 years at a glance

Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to March.

Revenue, net profit and borrowings, ₹ crore

  • Revenue
  • Net profit
  • Borrowings
  • Loss
Mar 15Mar 16Mar 17Mar 18−59Mar 190−20259Mar 20Mar 210.1−5.6264Mar 220.1−5.6266Mar 230.1−5.7269Mar 24
Peak revenue ₹0.13 Cr, year to Mar 2024; lowest ₹0.00 Cr, year to Mar 2020A loss in 5 of the 5 years with results on record

Operating and net margin, per cent

  • Operating margin
  • Net margin
−28.5%−7,399.7%−38.8%−28.5%−70.0%−7,399.7%−5,904.0%−4,387.5%Mar 15Mar 17Mar 19Mar 21Mar 23Mar 24

From Apr 2019 leases sit on the balance sheet: rent is charged as depreciation and interest instead, so operating profit and total assets step up with nothing about the business having changed. Borrowings here leave lease liabilities out.

Results for the year to Mar 2024

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

From revenue to net profit

  1. Revenue0.1
  2. Employee costs0.0
  3. Other expenses−0.2
  4. Operating profit−0.1
  5. Depreciation0.0
  6. Other income0.0
  7. One-off items0.0
  8. Finance costs−5.6
  9. Profit before tax−5.7
  10. Tax0.0
  11. Net profit−5.7

What the company owns

  • Plant, investments and other assets₹123 Cr
  • Cash and bank₹29 Cr

What pays for it: net worth and liabilities

  • Borrowings₹269 Cr
  • Owed to suppliers₹50 Cr

Profit and loss

Standalone, ₹ crore, years to March. No results on record for the years to Mar 2015, Mar 2016, Mar 2017, Mar 2018 and Mar 2021.

₹ croreMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Revenue from operations–0.0–0.10.10.1
–0.0–0.10.10.2
Materials and goods bought–0.0–0.00.00.0
Employee costs–0.0–0.00.00.0
Other expenses–0.0–0.10.10.2
Operating profit before depreciation–0.0–0.00.0−0.1
Operating margin–––−38.8%−28.5%−70.0%
Materials, % of revenue–––0.0%0.0%0.0%
Employee costs, % of revenue–––0.0%0.0%0.0%
Other expenses, % of revenue–––138.8%128.5%170.0%
Depreciation and amortisation–0.0–0.10.10.0
Operating profit after depreciation–0.0–−0.1−0.1−0.1
Other income–0.0–0.00.00.0
Finance costs–0.0–5.55.55.6
Profit before one-off items and tax–0.0–−5.6−5.6−5.7
One-off items−59.1−20.1–0.00.00.0
Profit before tax–−20.1–−5.6−5.6−5.7
Tax–0.0–0.00.00.0
Net profit−59.1−20.1–−5.6−5.6−5.7
Other comprehensive income–−1.0–−1.2−1.3−1.4
Total comprehensive income–−21.0–−6.8−6.8−7.0
Net margin–––−7,399.7%−5,904.0%−4,387.5%

Balance sheet

Standalone, ₹ crore, at 31 March.

₹ croreMar 2020Mar 2021Mar 2022Mar 2023Mar 2024
−396–−411−418−425
Share capital55–555555
Reserves−451–−466−473−480
259–264266269
534–523529560
12–141517
Total assets149–126126152
102–989898
48–282854
Net debt250–260261240
Borrowings are counted again inside the liabilities due within a year and after a year. No balance sheet is on record for the year to Mar 2019, so its lines and the ratios worked from it are blank there.

Cash flow

Standalone, ₹ crore, years to March.

₹ croreMar 2022Mar 2023Mar 2024
5.55.428.0
5.65.628.3
Payables0.10.10.0
Other working capital5.55.528.3
Capital spending0.00.00.0
Free cash flow5.55.428.0
Cash from investing−0.10.0−0.4
−5.5−5.4−3.7
Dividends paid0.00.00.0
Shares bought back0.00.00.0
Shares issued0.00.00.0
Net change in cash0.00.023.9
Capital spending is part of cash from investing, and dividends paid, shares bought back and shares issued are part of cash from financing. Each is shown as an amount on a line of its own, and the section's other items are in its total only. No cash flow statement is on record for the years to Mar 2019 and Mar 2020.

Per share

Standalone, ₹ per share, years to March.

₹ per shareMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Earnings per share−₹10.77−₹3.66–−₹1.02−₹1.01−₹1.03
Diluted earnings per share−₹10.77−₹3.66–−₹1.02−₹1.01−₹1.03
Book value per share–−₹72.21–−₹74.97−₹76.22−₹77.50

Ratios

Standalone, years to March.

RatioMar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Revenue growth–––24.3%36.9%
––1.4%1.3%1.3%
–––0.0 pts0.0 pts
From the net margin–––−0.3 pts−0.3 pts
From asset turnover–––0.3 pts0.2 pts
From borrowing–––0.0 pts0.1 pts
Receivable days––000
Working capital days––−12,02,826−9,89,221−8,01,269
Asset turnover0.00–0.000.000.00
Assets per rupee of net worth−0.38–−0.31−0.30−0.33
Sales per rupee of plant0.00–0.000.000.00
Capital spending to depreciation––0.000.00–
Plant being built, % of plant in use––0.0%0.0%0.0%
Debt to equity is left blank for the years to Mar 2020, Mar 2022, Mar 2023 and Mar 2024: net worth is below zero, so there is no shareholders' money to set the borrowings against. Return on capital employed is left blank for the years to Mar 2020, Mar 2022, Mar 2023 and Mar 2024: net worth and borrowings together come to nought or less, so there is no money employed to set the operating profit against. Interest cover is left blank for the years to Mar 2022, Mar 2023 and Mar 2024: operating profit after depreciation is a loss, and a loss covers no interest bill. No balance sheet is on record for the year to Mar 2019, so its lines and the ratios worked from it are blank there.

Growth and returns over 3, 5 and 10 years

Standalone: the listed company alone, without its subsidiaries. Each window ends with the year to Mar 2024.

Return on assets, latest year
−4.1%
Measure5 years3 years
Return on equity, average–1.3%
Operating margin, average–−45.7%
Net margin, average–−5,897.1%
Asset turnover, average0.000.00

Where the cash came from and went

Standalone: the listed company alone, without its subsidiaries. ₹ crore, added up over each window, which ends with the year to Mar 2024.

₹ crore3 yearsLatest year
Cash from operations38.928.0
Cash from investing−0.4−0.4
Cash from financing−14.6−3.7
Capital spending0.00.0
Dividends paid0.00.0
Shares bought back0.00.0
Shares issued for cash0.00.0
Borrowings raised1.71.7
Borrowings repaid0.00.0

Accounting checks

Standalone, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.

CheckMar 2023Mar 2024
Piotroski score, out of 9Published threshold 3 points out of 9–6
Profit not backed by cash, % of assetsPublished threshold 10 per cent of average total assets−8.73−24.00
Other current assets growth less revenue growthOur threshold 5 per cent of revenue38.641,477.29
Assets under construction, years of additionsOur threshold 2 years of additions0.00–
A threshold marked as ours has no published figure; it is the line we read the check against.

Business segments

In the year to Mar 2024 the company reports one business segment, Textile Products, which carries all its revenue.

Recent sessions

The 10 trading days to 20 Mar 2013, as traded on BSE.

DateOpenHighLowCloseAverage priceVolume
20 Mar 20133.853.853.813.853.8535,658
19 Mar 20133.904.003.674.003.9442,112
18 Mar 20133.774.003.773.853.9628,241
15 Mar 20133.664.013.663.953.9522,666
14 Mar 20133.603.883.603.823.8531,282
13 Mar 20133.903.903.703.703.8411,736
12 Mar 20133.653.883.653.803.8129,648
11 Mar 20133.703.713.703.703.7015,320
8 Mar 20133.763.843.753.843.7929,032
7 Mar 20133.803.803.623.803.7512,000
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.

Ex-dateEventPrice factorWhat happened
29 Jul 2008Scheme of arrangement–A scheme of arrangement is a court-approved plan that merges, splits off or reorganises parts of a company. One took effect here and the price moved by a fifth or more between two trading sessions. What shareholders received is not on record, so earlier prices are not shown.
Where an event has no factor that can be worked out, the chart leaves out the closes before it.

Company details

BSE code
500720
ISIN
INE564A01017
Industry
Textiles & Apparels
CIN
L65192MH1960PLC011579
Corporate identity number, the registrar of companies' code for it
Incorporated
1960
Registered office
111, T V Industrial Estate, S K Ahire Marg, Worli, Mumbai 400030, Maharashtra
Share registrar
Satellite Corporate Services Pvt Ltd
Keeps the register of shareholders and handles transfers and dividend payments