Rudra Ecovation Ltd

Rudra Ecovation Ltd

₹ 60.5 0.53%
14 Jun - close price
About

Incorporated in 1980, Himachal Fibres Ltd manufactures and sells cotton polyester
yarn and knitted clothes[1]

Key Points

Business Overview:[1]
HFL is a part of the Birla (Yash) Group. It manufactures and sells cotton polyester
yarn and knitted clothes including cotton
and synthetic blended yarn, grey /dyed
cotton /Synthetics yarns with different
blend

  • Market Cap 522 Cr.
  • Current Price 60.5
  • High / Low 61.4 / 5.30
  • Stock P/E
  • Book Value 2.50
  • Dividend Yield 0.00 %
  • ROCE 1.66 %
  • ROE -3.14 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Debtor days have improved from 104 to 45.2 days.
  • Company's working capital requirements have reduced from 189 days to 91.3 days

Cons

  • Stock is trading at 24.2 times its book value
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -2.27%
  • The company has delivered a poor sales growth of -16.3% over past five years.
  • Promoter holding is low: 14.0%
  • Company has a low return on equity of -16.5% over last 3 years.
  • Earnings include an other income of Rs.0.86 Cr.
  • Company's cost of borrowing seems high

* 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: Textiles Industry: Textiles - Cotton/Blended

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Quarterly Results

Figures in Rs. Crores

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
5.95 5.84 6.18 9.02 6.26 7.78 6.26 7.25 5.54 2.23 2.36 4.97 10.06
7.14 8.12 8.08 8.04 7.12 7.10 5.71 6.52 5.73 3.12 3.10 3.97 8.44
Operating Profit -1.19 -2.28 -1.90 0.98 -0.86 0.68 0.55 0.73 -0.19 -0.89 -0.74 1.00 1.62
OPM % -20.00% -39.04% -30.74% 10.86% -13.74% 8.74% 8.79% 10.07% -3.43% -39.91% -31.36% 20.12% 16.10%
0.16 0.21 0.29 0.23 0.48 0.21 0.20 0.11 3.43 0.19 0.17 0.29 0.21
Interest 0.73 -0.13 1.60 0.89 0.19 0.26 0.27 0.26 0.38 0.51 0.55 0.48 0.16
Depreciation 0.55 0.48 0.42 0.45 0.45 0.48 0.48 0.49 0.13 0.31 0.34 0.33 0.33
Profit before tax -2.31 -2.42 -3.63 -0.13 -1.02 0.15 -0.00 0.09 2.73 -1.52 -1.46 0.48 1.34
Tax % 30.30% 2.48% 0.55% 46.15% 20.59% -46.67% -33.33% 8.42% -15.13% 16.44% -6.25% -35.82%
-1.61 -2.37 -3.61 -0.07 -0.81 0.23 0.08 0.12 2.50 -1.75 -1.22 0.51 1.82
EPS in Rs -0.19 -0.27 -0.42 -0.01 -0.09 0.03 0.01 0.01 0.29 -0.20 -0.14 0.06 0.21
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
120.95 130.56 84.58 47.34 55.78 55.76 47.76 42.66 14.54 27.29 26.83 19.62
112.42 123.59 77.92 41.87 52.08 50.83 43.34 41.77 15.25 31.27 25.04 18.63
Operating Profit 8.53 6.97 6.66 5.47 3.70 4.93 4.42 0.89 -0.71 -3.98 1.79 0.99
OPM % 7.05% 5.34% 7.87% 11.55% 6.63% 8.84% 9.25% 2.09% -4.88% -14.58% 6.67% 5.05%
0.45 0.14 0.07 -0.05 0.11 0.65 1.33 1.90 0.16 1.13 3.93 0.86
Interest 4.75 4.34 4.59 3.01 3.62 3.69 3.53 3.13 3.33 2.55 1.17 1.70
Depreciation 2.70 2.70 2.10 2.20 2.22 2.25 2.04 2.03 2.07 1.81 1.56 1.30
Profit before tax 1.53 0.07 0.04 0.21 -2.03 -0.36 0.18 -2.37 -5.95 -7.21 2.99 -1.15
Tax % 57.52% 271.43% 3,200.00% 19.05% 20.69% -88.89% -133.33% 2.95% 15.29% 4.58% 2.01% 45.22%
0.66 -0.13 -1.24 0.17 -1.62 -0.68 0.41 -2.30 -5.04 -6.87 2.93 -0.64
EPS in Rs 0.08 -0.02 -0.14 0.02 -0.19 -0.08 0.05 -0.27 -0.58 -0.80 0.34 -0.07
Dividend Payout % -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00%
Compounded Sales Growth
10 Years: -17%
5 Years: -16%
3 Years: 11%
TTM: -27%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 23%
TTM: -1500%
Stock Price CAGR
10 Years: %
5 Years: 96%
3 Years: 157%
1 Year: 907%
Return on Equity
10 Years: -9%
5 Years: -16%
3 Years: -17%
Last Year: -3%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 8.63 8.63 8.63 8.63 8.63 8.63 8.63 8.63 8.63 8.63 8.63 8.63
Reserves 8.55 8.42 10.66 10.83 23.40 13.55 15.16 12.90 8.01 1.34 4.42 12.94
Preference Capital 13.50 13.50 13.50 13.50 -0.00 12.90 9.21 9.21 9.21 9.21 9.21
39.97 36.56 27.93 27.85 26.67 23.30 18.99 18.14 20.41 18.12 6.57 0.65
17.93 20.09 23.46 23.71 11.74 20.43 21.32 21.77 34.67 37.00 37.22 18.63
Total Liabilities 75.08 73.70 70.68 71.02 70.44 65.91 64.10 61.44 71.72 65.09 56.84 40.85
26.50 24.08 27.19 25.25 23.46 22.44 21.42 19.46 16.78 14.25 11.90 11.50
CWIP -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 2.13 -0.00 -0.00 -0.00 -0.00
Investments -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00
48.58 49.62 43.49 45.77 46.98 43.47 42.68 39.85 54.94 50.84 44.94 29.35
Total Assets 75.08 73.70 70.68 71.02 70.44 65.91 64.10 61.44 71.72 65.09 56.84 40.85

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
5.58 5.36 13.76 4.97 3.81 5.10 5.74 5.34 0.06 33.47 -0.00 3.57
-1.51 -0.14 -1.70 -0.32 -0.45 -1.22 -1.02 -2.12 0.14 0.72 0.77 -0.86
-4.02 -5.25 -11.92 -4.01 -3.89 -3.72 -4.72 -3.17 -1.30 -34.19 -8.17 -0.32
Net Cash Flow 0.05 -0.03 0.13 0.64 -0.53 0.16 -0.01 0.05 -1.10 -0.00 -7.41 2.38

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 40.95 63.21 10.05 58.75 143.89 63.69 59.08 78.29 83.84 156.75 110.06 45.21
Inventory Days 109.27 77.23 178.21 365.80 153.79 238.32 356.42 335.07 1,553.72 306.77 392.20 193.28
Days Payable 16.54 15.14 40.22 86.95 70.98 35.38 59.73 55.73 35.23 8.19 12.87 19.73
Cash Conversion Cycle 133.68 125.30 148.04 337.60 226.71 266.64 355.77 357.62 1,602.33 455.34 489.39 218.75
Working Capital Days 109.82 111.07 140.94 255.90 200.17 203.84 240.81 247.53 636.62 270.31 204.06 91.34
ROCE % 8.93% 6.32% 7.24% 5.55% 2.66% 5.81% 6.72% 1.51% -4.50% -10.96% 3.42%

Shareholding Pattern

Numbers in percentages

17 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024May 2024
54.54% 54.54% 54.54% 54.54% 54.54% 54.54% 54.54% 54.54% 54.54% 16.28% 16.28% 14.00%
0.17% 0.17% 0.17% 0.17% 0.16% 0.16% 0.16% 0.16% 0.16% 6.36% 6.36% 5.48%
45.29% 45.29% 45.29% 45.29% 45.30% 45.29% 45.30% 45.29% 45.29% 77.35% 77.35% 80.52%
No. of Shareholders 3,4954,1404,9025,1385,3325,4695,4895,4485,1416,5187,61410,333

* 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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