Sri Ramakrishna Mills (Coimbatore) Ltd

₹ 18.9 -2.07%
27 Jan - close price
About

Sri Ramakrishna Mills (Coimbatore) Ltd is a textile company mainly focussed in spinning operations and is engaged in Textile Spinning and Real Estate development. The Co. has also been exporting since 1986.[1]

Key Points

Company History
The Co. was established in 1951 with a Spinning Unit with 6,160 spindles at Coimbatore, in South India and has now expanded to 94,000 spindles and 1,440 rotors. In 1984 The company started its second unit at Nagari, Andhra Pradesh and third unit at Sathyamangalam, Tamil Nadu. In 2008 it entered into real estate development through a Joint Development Agreement with Arihant Griha Ltd, Chennai for the development of its property at its Ganapathy Unit into residential / commercial / mall complex. [1][2]

  • Market Cap 13.5 Cr.
  • Current Price 18.9
  • High / Low 44.0 / 18.0
  • Stock P/E
  • Book Value 13.7
  • Dividend Yield 0.00 %
  • ROCE 14.2 %
  • ROE 19.6 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has a good return on equity (ROE) track record: 3 Years ROE 31.9%

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Earnings include an other income of Rs.0.59 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
6.20 3.47 14.10 0.23 4.45 6.22 10.14 7.54 12.11 11.82 12.59 10.64 5.82
3.77 2.64 8.32 1.32 3.32 3.77 7.17 7.33 7.96 12.39 10.29 9.66 7.15
Operating Profit 2.43 0.83 5.78 -1.09 1.13 2.45 2.97 0.21 4.15 -0.57 2.30 0.98 -1.33
OPM % 39.19% 23.92% 40.99% -473.91% 25.39% 39.39% 29.29% 2.79% 34.27% -4.82% 18.27% 9.21% -22.85%
0.03 0.04 0.28 0.11 0.08 0.08 0.39 0.25 0.13 0.24 0.18 0.09 0.08
Interest 0.57 0.45 0.58 0.69 0.94 0.74 1.58 0.73 0.80 0.74 0.87 0.74 0.70
Depreciation 0.09 0.09 0.02 0.07 0.04 0.06 0.08 0.06 0.06 0.06 0.09 0.07 0.07
Profit before tax 1.80 0.33 5.46 -1.74 0.23 1.73 1.70 -0.33 3.42 -1.13 1.52 0.26 -2.02
Tax % 9.44% 18.18% 88.28% 0.00% 0.00% 2.89% 70.00% 0.00% 22.81% 24.78% 44.74% 26.92% 0.00%
Net Profit 1.64 0.28 0.63 -1.74 0.22 1.68 0.50 -0.33 2.64 -0.85 0.84 0.19 -2.02
EPS in Rs 2.30 0.39 0.89 -2.44 0.31 2.36 0.70 -0.46 3.71 -1.19 1.18 0.27 -2.84
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
69.67 42.09 37.82 17.31 16.26 18.62 10.88 13.33 27.07 31.40 21.04 44.06 40.87
63.65 48.81 38.39 19.19 19.11 21.19 14.88 17.85 16.64 17.64 15.53 37.91 39.49
Operating Profit 6.02 -6.72 -0.57 -1.88 -2.85 -2.57 -4.00 -4.52 10.43 13.76 5.51 6.15 1.38
OPM % 8.64% -15.97% -1.51% -10.86% -17.53% -13.80% -36.76% -33.91% 38.53% 43.82% 26.19% 13.96% 3.38%
0.70 8.53 2.65 2.63 6.93 1.15 7.67 1.49 0.51 0.48 0.66 0.80 0.59
Interest 3.27 4.16 3.87 3.23 4.49 3.12 3.00 2.62 3.15 2.70 4.01 3.20 3.05
Depreciation 1.83 1.80 0.92 1.02 1.23 0.80 0.64 0.39 0.35 0.28 0.25 0.28 0.29
Profit before tax 1.62 -4.15 -2.71 -3.50 -1.64 -5.34 0.03 -6.04 7.44 11.26 1.91 3.47 -1.37
Tax % 19.75% 0.00% 0.00% 0.00% 0.00% 0.00% -66.67% 36.42% 51.08% 51.51% 65.45% 33.72%
Net Profit 1.30 -4.15 -2.70 -3.50 -1.64 -5.35 0.04 -3.84 3.65 5.45 0.66 2.30 -1.84
EPS in Rs 1.83 -5.83 -3.79 -4.92 -2.30 -7.52 0.06 -5.39 5.13 7.66 0.93 3.23 -2.58
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: 0%
5 Years: 32%
3 Years: 18%
TTM: 14%
Compounded Profit Growth
10 Years: 8%
5 Years: 19%
3 Years: -17%
TTM: -147%
Stock Price CAGR
10 Years: 2%
5 Years: 7%
3 Years: 32%
1 Year: -44%
Return on Equity
10 Years: -24%
5 Years: 23%
3 Years: 32%
Last Year: 20%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
7.12 7.12 7.12 7.12 7.12 7.12 7.12 7.12 7.12 7.12 7.12 7.12 7.12
Reserves 21.29 15.59 13.03 8.98 4.91 -0.44 -2.12 -7.36 -3.72 1.80 2.38 4.52 2.64
29.80 33.45 27.12 25.38 32.91 26.52 31.44 30.96 33.18 35.56 33.92 34.09 32.86
17.29 14.35 15.17 17.25 16.89 24.31 20.15 21.63 23.87 14.10 15.88 13.30 10.76
Total Liabilities 75.50 70.51 62.44 58.73 61.83 57.51 56.59 52.35 60.45 58.58 59.30 59.03 53.38
23.38 20.19 17.78 14.33 10.56 9.73 8.84 8.21 5.40 5.03 4.72 5.23 6.94
CWIP 0.00 0.00 0.11 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.07 0.07
Investments 0.01 0.37 0.01 0.02 0.02 0.02 0.03 0.01 0.01 0.00 0.00 0.00 0.00
52.11 49.95 44.54 44.38 51.25 47.76 47.72 44.13 55.04 53.55 54.58 53.73 46.37
Total Assets 75.50 70.51 62.44 58.73 61.83 57.51 56.59 52.35 60.45 58.58 59.30 59.03 53.38

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-1.18 2.44 2.32 4.00 -5.31 7.77 -2.90 1.91 -0.58 -0.36 5.58 5.93
0.11 -0.18 2.48 3.68 -0.76 0.99 0.32 1.40 0.39 0.80 0.41 -2.90
1.56 -1.73 -6.02 -7.86 6.29 -8.93 2.56 -3.27 0.17 -0.25 -6.18 -3.03
Net Cash Flow 0.49 0.53 -1.22 -0.18 0.22 -0.16 -0.02 0.03 -0.03 0.19 -0.18 -0.01

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 33.06 27.66 44.39 32.89 32.32 29.80 61.06 36.69 0.00 0.81 2.08 1.91
Inventory Days 124.01 156.36 198.56 506.99 1,039.99 616.24 1,137.23 912.89 1,128.14 1,278.92 1,897.22 578.32
Days Payable 65.66 53.79 113.28 190.31 184.13 179.74 214.05 212.53 139.71 100.49 213.29 55.54
Cash Conversion Cycle 91.40 130.23 129.68 349.57 888.19 466.30 984.24 737.05 988.44 1,179.24 1,686.01 524.69
Working Capital Days 23.47 31.57 50.38 -41.12 233.23 77.23 372.38 218.23 326.98 469.27 723.06 327.97
ROCE % 8.06% -14.06% -2.20% -6.08% -9.00% -7.78% -6.09% -13.22% 31.05% 35.01% 13.36% 14.18%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
60.70 60.71 63.97 63.97 64.00 64.00 64.00 64.00 64.00 64.00 64.00 64.00
9.98 9.98 9.98 9.98 9.97 9.90 9.63 0.00 0.00 0.00 0.00 0.00
29.31 29.31 26.04 26.04 26.03 26.10 26.37 36.00 36.00 36.00 36.01 35.99

* 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.

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