Baroda Rayon Corporation Ltd

Baroda Rayon Corporation Ltd

₹ 180 -0.58%
21 Feb - close price
About

Incorporated in 1958, Baroda Rayon Corporation Ltd was in the business of yarns. Currently, it is engaged in real estate business

Key Points

Product and Capacity:[1]
a) Viscose Filament Yarn ~15000 MT/PA
b) Carbon Disulphite (CS2) ~3960 MT/PA
c) Sulphuric Acid ~21600 MT/PA
d) Nylon Yarn ~6000 MT/PA
e) Polyester Yarn ~19000 MT/PA
f) Nylon Tyre Cord ~4000 MT/PA

  • Market Cap 412 Cr.
  • Current Price 180
  • High / Low 253 / 142
  • Stock P/E 21.2
  • Book Value 138
  • Dividend Yield 0.00 %
  • ROCE 55.1 %
  • ROE 143 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 156% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Tax rate seems low
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.45.4 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Realty Industry: Construction

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
0 0 0 0 0 0 14 0 8 37 54 6 9
0 122 0 0 1 -329 12 1 -226 34 50 5 7
Operating Profit -0 -122 -0 -0 -1 329 2 -1 234 3 5 1 2
OPM % 12% 3,105% 8% 8% 16% 27%
0 -1 8 13 6 28 7 6 7 22 4 10 9
Interest 0 1 0 2 2 2 2 2 1 2 1 1 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax -0 -123 7 10 2 355 7 4 239 23 8 10 11
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
-0 -123 7 10 2 355 7 4 239 23 8 10 11
EPS in Rs -0.10 -53.82 2.99 4.52 0.92 155.06 2.87 1.74 104.40 10.03 3.57 4.39 4.96
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
0 0 0 0 0 0 0 0 0 0 0 58 107
1 1 13 0 1 2 2 6 2 122 -327 -179 96
Operating Profit -1 -1 -13 -0 -1 -2 -2 -6 -2 -122 327 238 11
OPM % 406% 10%
0 0 19 0 0 3 -37 0 21 -1 53 42 45
Interest 10 4 6 0 0 1 1 0 0 1 6 7 4
Depreciation 3 3 3 3 3 0 0 0 0 0 0 0 0
Profit before tax -14 -8 -3 -4 -4 -0 -40 -6 18 -124 375 273 53
Tax % 0% 7% 0% 0% 0% 0% 0% 1% 0% 0% 0% 0%
-14 -8 -3 -4 -4 -0 -40 -6 18 -124 375 273 53
EPS in Rs -6.10 -3.34 -1.46 -1.53 -1.82 -0.10 -17.34 -2.56 7.88 -53.97 163.50 119.04 22.95
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 401%
Compounded Profit Growth
10 Years: 41%
5 Years: 156%
3 Years: 354%
TTM: -97%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -28%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 143%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 23 23 23 23 23 23 23 23 23 23 23 23 23
Reserves -129 -147 -161 -175 -199 -214 -261 -267 -249 -373 2 275 293
90 41 149 71 78 211 215 224 228 242 295 245 225
215 267 160 238 253 118 116 112 89 209 95 101 95
Total Liabilities 199 183 170 157 155 139 93 92 92 102 415 643 636
186 172 158 145 122 108 63 63 63 41 2 3 3
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 6 6 6 6 6 6 6 6 6 6 7 7 7
7 4 6 6 26 25 24 23 23 55 406 634 626
Total Assets 199 183 170 157 155 139 93 92 92 102 415 643 636

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-46 77 -127 77 -6 -133 -3 -9 -4 -17 -85 39
0 0 0 0 0 0 0 0 0 3 40 25
48 -78 126 -77 6 133 3 9 4 13 46 -57
Net Cash Flow 1 -2 -0 0 0 -0 0 0 0 -0 1 7

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 116
Inventory Days
Days Payable
Cash Conversion Cycle 116
Working Capital Days 3,240
ROCE % 308% 55%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
47.54% 47.54% 47.54% 47.54% 47.54% 47.54% 47.55% 67.53% 67.53% 67.53% 67.52% 67.52%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
1.49% 1.49% 1.49% 1.49% 1.49% 1.48% 1.11% 1.08% 1.08% 1.08% 1.08% 1.02%
50.97% 50.97% 50.97% 50.97% 50.97% 50.97% 51.32% 31.38% 31.38% 31.37% 31.37% 31.45%
No. of Shareholders 78,84378,84078,83878,83578,81078,66779,72885,21284,76384,41083,04781,886

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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