Vinny Overseas is an apparel company based in India. It was established in 1992 and is engaged in the manufacturing of fabrics. The company exports its products to various countries including Dubai, Bahrain, Indonesia, Sri Lanka, United States of America, China, Brazil, and Oman.
Vinny Overseas Overview
- Established in 1992, Vinny Overseas Limited is a textile processing company based in Ahmedabad, India.
- The company procures grey fabric from the market and dyes and finishes it according to clients’ requirements.
- They also do job work for wholesale cloth merchants and trade in grey cloth.
- Vinny Overseas caters to both domestic and international clients and has been recognized as a “One Star Export House” by the Director General of Foreign Trade, Ministry of Commerce and Industry.
- As of the financial year ending March 31, 2023, the company has a processing unit with a capacity of processing 4,00,00,000 meters of fabric per annum and employs over 100 people.
Vinny Overseas Products
- Vinny Overseas offers a wide range of fabric processing services, including:
- Dyeing
- Printing
- Finishing
- Mercerizing
- Sanforizing
- Calendering
- Shearing
- The company can process a variety of fabrics, including cotton, polyester, viscose, and blended fabrics.
Vinny Overseas Fundamentals
- Market Capitalization: ₹97.2 Crore
- Total Income (TTM): ₹76.62 Crore
- Net Profit (TTM): ₹3.25 Crore
- EPS (TTM): ₹0.18
- P/E Ratio (TTM): 22.17
- ROE (TTM): 9.64%
- ROCE (TTM): 5.05%
- Debt-to-Equity Ratio: 0.17
Vinny Overseas Revenue and Net Profit
Recent Performance:
- Q3 FY2023-2024 (October-December 2023):
- Revenue: ₹26.43 Crore (30.97% increase YoY)
- Net Profit: ₹1.10 Crore (507.41% increase YoY)
- TTM (Last 12 Months):
- Revenue: ₹76.62 Crore (Negative growth)
- Net Profit: ₹3.25 Crore (Positive growth)
Vinny Overseas Shareholding Patterns
Promoter Holding:
- Percentage: 71.87% (held by Hiralal Jagdishchand Parekh and other individuals/entities associated with him)
- Pledged Shares: 0.0%
- Locked-in Shares: 0.0%
Non-Promoter Holding:
- Public Institutions: 0.00%
- Foreign Institutional Investors (FIIs): 0.00%
- Domestic Institutional Investors (DIIs): Not available (data might be unavailable for smaller companies)
- Mutual Funds: Not available (data might be unavailable for smaller companies)
- Individual Investors: Remainder of shares not held by promoters
Read more: HDFC AMC Share Price Target for 2025, 2026, 2027, 2028, 2029
Vinny Overseas Share Price Target for 2025, 2026, 2027, 2028, 2029
| Year | Vinny Overseas Share Price Target |
|---|---|
| 2025 | 5 |
| 2026 | 10 |
| 2027 | 15 |
| 2028 | 20 |
| 2029 | 25 |
Vinny Overseas Share Price Target for 2025
Vinny Overseas Share Price Target for 2025 is 5.
Vinny Overseas Share Price Target for 2026
Vinny Overseas Share Price Target for 2026 is 10.
Vinny Overseas Share Price Target for 2027
Vinny Overseas Share Price Target for 2027 is 15.
Vinny Overseas Share Price Target for 2028
Vinny Overseas Share Price Target for 2028 is 20.
Vinny Overseas Share Price Target for 2029
Vinny Overseas Share Price Target for 2029 is 25.
Vinny Overseas Dividend History
Vinny Overseas, unfortunately, has not paid any dividends since its inception in 1992.
Future Outlook of Vinny Overseas
Opportunities:
- Growing Textile Industry: The Indian textile industry is expected to grow at a CAGR of 11% over the next five years, presenting a potential market expansion for Vinny Overseas.
- Export Potential: The company can further diversify its revenue streams by increasing its exports to different countries.
- New Technologies: Adoption of new dyeing and finishing technologies could enhance efficiency and product quality, increasing competitiveness.
- Government Initiatives: Government initiatives supporting the textile industry could benefit Vinny Overseas.
Risks Associated With Investing in Vinny Overseas
Company-Specific Risks:
- Negative Revenue Growth: The company has experienced negative revenue growth in recent years, which could raise concerns about its long-term sustainability.
- Low Profitability: While profit has shown some improvement recently, overall profitability remains low compared to industry benchmarks.
- High Dependency on Domestic Market: The majority of Vinny Overseas’ revenue comes from the domestic Indian market, making it vulnerable to economic fluctuations within the country.
- Limited Exports: The company’s export operations are currently minimal, leaving them exposed to potential risks in the domestic market.
- Moderate Debt Levels: While not excessively high, the company’s debt-to-equity ratio requires careful management to avoid financial strain.
- Limited Public Information: Due to its smaller size, publicly available information about the company might be limited compared to larger firms.
Vinny Overseas Competitors
Direct Competitors:
- Gokak Textiles: BSE: 532957, Market Cap ~ ₹702 Crore. Similar size and product offerings, focusing on dyeing and finishing of cotton fabrics.
- Veekayem Fashion And Apparels: NSEI: VEEKAYEM, Market Cap ~ ₹1.2 Billion. Larger competitor with a wider range of textile processing services, including dyeing, printing, and finishing.
- Mohite Industries: BSE: 532140, Market Cap ~ ₹787 Crore. Similar size and product offerings, primarily focused on dyeing and finishing of cotton and blended fabrics.
- Akshar Spintex: BSE: 541303, Market Cap ~ ₹1.0 Billion. Larger competitor with a diverse product portfolio, including yarn, fabric, and processing services.
Indirect Competitors:
- Textile manufacturers: Companies that vertically integrate dyeing and finishing within their own operations, bypassing external processors like Vinny Overseas.
- International processors: Global textile processing companies, especially those with a presence in India or nearby markets.
- Substitute materials: Manufacturers using alternative materials like synthetics or non-woven fabrics, potentially impacting demand for processed cotton and blended fabrics.
Read more: Alok Industries Share Price Target for 2025, 2026, 2027, 2028, 2029
Vinny Overseas Share Price FAQs
hat has been the historical performance of the share price?
The share price of Vinny Overseas has been volatile in recent years. While it has shown some positive movement in the past month, overall, it has experienced negative growth in the last year and even longer periods.
What are the reasons behind the fluctuations in the share price?
Several factors can affect the share price, including:
- Company performance: Revenue growth, profitability, debt levels, and overall financial health.
- Industry trends: Growth and performance of the textile industry.
- Market sentiment: Investor confidence and overall market conditions.
- News and events: Company-specific announcements, industry news, and global events.
What are the analysts’ price targets for Vinny Overseas?
Due to the company’s smaller size, there might be limited analyst coverage. It’s crucial to conduct your own research and not rely solely on analyst opinions.
What are the key factors to consider when evaluating the future potential of the share price?
- Revenue growth: Is the company experiencing positive or negative revenue growth?
- Profitability: Is the company generating adequate profits?
- Debt levels: Are debt levels manageable?
- Export potential: Can the company expand its export markets?
- Industry outlook: What is the expected growth of the textile industry?
- Competition: How does Vinny Overseas compare to its competitors?
Is it a good investment?
This is a crucial question, and the answer depends on your individual investment goals and risk tolerance. Investing in any company, especially smaller ones, carries risks. It’s essential to conduct thorough research, consider the risks involved, and consult with a qualified financial advisor before making any investment decisions.
