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PALLAVA TEXTILES PRIVATE LIMITED

Active
Updated: 06 Oct 2024

Pallava Textiles Private Limited, is an unlisted private company incorporated on 10 March, 1995. It is classified as a private limited company and is located in Erode, Tamil Nadu. It's authorized share capital is INR 55.30 cr and the total paid-up capital is INR 23.16 cr.

Pallava Textiles's operating revenue range is Over INR 500 cr for the financial year ending on 31 March, 2023. It's EBITDA has decreased by 43.75% over the previous year. At the same time, it's book networth has increased by 11.09%.

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Industry

Manufacture of textiles
Products
  • and raw materials, fabrics, yarns
Key Metrics

** All rupee values in INR crores. Based on March 2024 numbers.

Sales
-6.91%
₹ 2,228.4
EBITDA
7.66%
₹ 265.5
Net Profit
20.15%
₹ 99.9
Networth
11.99%
₹ 933.2
Borrowings
16.48%
₹ 503.0
Assets
8.69%
₹ 1,544.4
Gross Margin
1.3
25.4 %
Operating Margin
1.61
11.9 %
Net Profit Margin
0.99
4.5 %
Return on Equity
0.73
10.7 %
ROCE
0.41
13.7 %
Debt to Equity
0.02
0.5
Sales
Mar 2024
Net worth
Mar 2024

Locations

indian flag India (18)
State Type Address

location icon Locations on Map

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Tofler Score

Very Good
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Poor
Fair
Good
Very Good
Excellent

Risk

Severe Risk
  • No risks identified
Moderate Risk
  • LOW CASH BALANCE
  • CASH DETERIORATING
Low Risk
  • GROSS MARGINS DETERIORATING
  • NET MARGIN DETERIORATING
  • ROCE DETERIORATING
About Tofler Score
Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

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Financial Highlights

** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales 649.3 1,322.9 2,204.7 2,393.8 2,228.4
Operating profit 84.0 251.6 438.4 246.6 265.5
Net profit 36.0 107.3 244.1 83.2 99.9
Gross margin 27.6 35.0 32.9 24.1 25.4
Operating margin 12.9 19.0 19.9 10.3 11.9
Net margin 5.5 8.1 11.0 3.5 4.5
Networth 216.7 506.0 750.1 833.3 933.2
Borrowings 63.4 201.1 358.0 431.8 503.0
Assets 378.7 908.1 1,307.2 1,420.9 1,544.4
Debt to equity 0.3 0.4 0.5 0.5 0.5
Current ratio 1.4 1.7 1.8 1.6 1.7
ROE 16.6 21.2 32.5 10.0 10.7
Days payable 15.0 33.0 2.0 22.0 11.0
WC days 26.0 55.0 54.0 42.0 48.0
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Margins

Gross margin
Operating margin
Net margin

Balance Sheet

%
** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 14.7 23.2 23.2 23.2 23.2
Reserves 202.0 482.8 726.9 810.1 910.0
Borrowings + 63.4 201.1 358.0 431.8 503.0
Long term borrowings 50.3 107.6 145.4 154.5 184.0
Short term borrowings 13.1 93.5 212.6 277.3 319.0
Trade payables + 19.0 77.6 9.6 109.5 49.2
Days payable 15.0 33.0 2.0 22.0 11.0
Other liabilities + 98.6 200.9 199.1 155.8 108.2
Other non-current liabilities - - - - 4.6
Other current liabilities 79.6 123.4 189.4 46.3 54.4
Total liabilities 378.7 908.1 1,307.2 1,420.9 1,544.4
Fixed Assets + 177.5 361.4 517.3 663.4 782.6
Tangible assets 167.3 336.0 486.2 574.5 751.1
CWIP 10.3 25.4 31.0 88.9 31.5
Intangible assets - - - - -
LT loans and advances 3.4 - - - -
Other non-current assets 39.9 51.3 51.0 51.0 46.2
Current assets + 157.8 495.3 738.9 706.4 715.6
Inventories 64.3 229.2 261.7 329.0 300.4
Trade receivables 46.5 179.1 243.7 235.5 258.0
Cash and cash equivalents 18.5 11.1 50.6 7.7 0.3
ST loans and advances 19.1 - 4.0 - -
Other current assets 9.4 75.9 178.9 134.2 156.9
Total assets 378.7 908.1 1,307.2 1,420.9 1,544.4
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Total assets

Profit & Loss

%
** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales + 649.3 1,322.9 2,204.7 2,393.8 2,228.4
Sales growth % -8.28 103.75 66.65 8.58 -6.91
Expenses + 604.5 1,189.8 1,898.0 2,296.6 2,110.0
Cost of goods 470.0 859.8 1,479.5 1,817.9 1,663.4
Employee cost 20.2 51.9 68.9 80.9 95.4
Other costs 75.1 159.6 217.9 248.3 204.1
Operating profit + 84.0 251.6 438.4 246.6 265.5
Operating margin % 12.9 19.0 19.9 10.3 11.9
Other income 5.0 10.6 19.9 12.9 18.9
Interest 9.5 16.8 21.0 27.1 28.7
Depreciation 29.7 101.7 110.6 122.3 118.4
Exceptional items -0.3 2.2 2.1 2.0 -0.8
Profit before tax 49.5 145.8 328.8 112.1 136.6
Tax 13.5 38.5 84.7 29.0 36.6
Profit - disc. ops - - - - -
Net profit 36.0 107.3 244.1 83.2 99.9
Net margin % 5.5 8.1 11.0 3.5 4.5
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Revenue from operations

Ratios

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Solvency +
Total Debt/Equity 0.3 0.4 0.5 0.5 0.5
Net Debt/Equity 0.2 0.4 0.4 0.5 0.5
Total Debt/Assets 0.2 0.2 0.3 0.3 0.3
Total Assets/Equity 1.8 1.8 1.7 1.7 1.6
Liquidity +
Current Ratio 1.4 1.7 1.8 1.6 1.7
Quick Ratio 0.8 0.9 1.2 0.9 1.0
Interest Coverage 8.8 15.0 20.9 9.1 9.2
Performance
Gross Margin 27.6 35.0 32.9 24.1 25.4
Operating Margin 12.9 19.0 19.9 10.3 11.9
Net Margin 5.5 8.1 11.0 3.5 4.5
Return +
Return on Equity 16.6 21.2 32.5 10.0 10.7
Pre-tax ROCE 24.3 26.6 38.8 13.3 13.7
Return on Assets 9.5 11.8 18.7 5.8 6.5
Pre-tax ROIC 20.8 21.5 31.0 9.9 10.2
Efficiency +
Days Payable 15.0 33.0 2.0 22.0 11.0
Days Inventory 50.0 97.0 65.0 66.0 66.0
Days Receivable 26.0 49.0 40.0 36.0 42.0
Fixed Asset Turnover 3.7 3.7 4.3 3.6 2.9
Total Asset Turnover 1.7 1.5 1.7 1.7 1.4
Working Capital
Cash Conversion Cycle 61.0 113.0 103.0 80.0 97.0
Working Capital Days 26.0 55.0 54.0 42.0 48.0
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Ratios

Current ratio
Debt/equity ratio

Charges on assets

Bank wise
Charges
1

HDFC Bank Limited

No. of Loans: 7

Total Amount : 490.0 cr

2

Axis Bank Limited

No. of Loans: 4

Total Amount : 169.5 cr

3

State Bank of India

No. of Loans: 1

Total Amount : 157.4 cr

4

CitiBank N.A.

No. of Loans: 1

Total Amount : 50.0 cr

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Charges

HDFC Bank Limited
Axis Bank Limited
State Bank of India
CitiBank N.A.

People

Designation Name DIN/PAN Tenure
Director Sengodagounder Muthusamy
Shareholder
01369099 30 years
Director Sengoda Gounder Palanisamy Valliyappa Gounder
Shareholder
01369156 30 years
Director Muthusamy Ravichandran
Shareholder
01369264 30 years
Director Palanisamy Duraiswamy
Shareholder
01369280 30 years
Director Muthusamy Palanisamy Devarajan
Shareholder
02106075 30 years
Director Govindampalyam Muthusamy Palanisamy
Shareholder
02106268 30 years
Kmp Ramasamy Shanmugam <HIDDEN> 3 years
Director Ravichandran Muralidharan
Shareholder
03524694 3 years
Director Devaraj Naveenkumar
Shareholder
05317183 13 years

Company Network

Companies connected through Directors

Name Status Paid up Capital Common Directors Address
R. M. D.WEAVING MILLS PRIVATE LIMITED
Active
90.4 L 4 Tamil Nadu
V S P INDUSTRIES PRIVATE LIMITED
Active
4.9 Cr 5 Tamil Nadu
BEST CHERAN SPINTEX INDIA PRIVATE LIMITED
Amalgamated
20.7 Cr 7 Tamil Nadu
SHRI GIRI SPINNING MILLS (INDIA) PRIVATE LIMITED
Amalgamated
2.5 Cr 6 Tamil Nadu
SRI CHERAN SYNTHETICS INDIA PRIVATE LIMITED
Amalgamated
17.9 Cr 8 Tamil Nadu
VSM WEAVESS INDIA PRIVATE LIMITED
Active
5.1 Cr 5 Tamil Nadu
PALLAVA FINE FAB PRIVATE LIMITED
Active
1.0 L 2 Tamil Nadu
SBBP FINAANCIAL SERVICES PRIVATE LIMITED
Active
1.4 Cr 2 Delhi
CONFEDERATION OF INDIAN TEXTILE INDUSTRY
Active
0.0 1 Delhi
GMP WEAVING MILLS PRIVATE LIMITED
Active
2.7 Cr 2 Tamil Nadu

Registered Details

CIN

U17111TZ1995PTC005909

PAN

AABCP9105F

Incorporation

1995, 30.1 years

Company Email

bank@pallavaagroup.com

Paid up Capital

₹ 23.2 Cr

Authorised Capital

₹ 55.3 Cr

AGM

Sep 2023

Type

Private
Non-government Company

FAQ - PALLAVA TEXTILES PRIVATE LIMITED

What is the incorporation date of PALLAVA TEXTILES PRIVATE LIMITED?

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The incorporation date of PALLAVA TEXTILES PRIVATE LIMITED is 10 March, 1995

What is the authorized share capital of PALLAVA TEXTILES PRIVATE LIMITED?

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The authorized share capital of PALLAVA TEXTILES PRIVATE LIMITED is INR ₹ 55.3 Cr.

What is the paid-up capital of PALLAVA TEXTILES PRIVATE LIMITED?

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The paid-up capital of PALLAVA TEXTILES PRIVATE LIMITED is INR ₹ 23.2 Cr.

What is the registered address of PALLAVA TEXTILES PRIVATE LIMITED?

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The registered address of PALLAVA TEXTILES PRIVATE LIMITED is 27 C SANKARI BYE PASS ROAD PALLIPALAYAM ERODE Tamil Nadu - 638006

What is the CIN number of PALLAVA TEXTILES PRIVATE LIMITED?

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The CIN number of PALLAVA TEXTILES PRIVATE LIMITED is U17111TZ1995PTC005909.

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