Dhanalaxmi Roto Spinners Ltd

₹ 76.9 0.85%
05 Dec 4:01 p.m.
About

Established in 1986, Dhanalaxmi Roto Spinners Ltd (DRSPL) was promoted by Inani family members i.e. Raj Kumar Inani, Narayan Inani, and Anirudh Inani.
The company started with the manufacturing of Cotton and Cotton Yarn. In the year 2000-01, the company diversified into international trade and is an Importer, Trader, Distributor, and Indenter of Woodpulp, Paper, and Micro Crystalline Cellulose Powder. [1] [2]

Key Points

Product Portfolio:[1]
Company offers a wide range of Wood Pulp (bleached and unbleached) and Paper products.
a) Wood Pulp: Company offers Pulp for manufacturing paper and gives specialized solutions of wood pulp for non paper segments. Company caters to few specialized segments of wood pulp users such as Melamine, carboxymethyl cellulose, Micro-crystalline cellulose powder, fibre cement, hygiene products (Diapers and sanitary napkins) filter paper and insulating paper and boards and many other applications. Main products derived from wood pulp are Fluff Pulp, Bleached Hard-wood Pulp, Dissolving Pulp, Unbleached Pulp (UKP), Bleached Softwood Pulp, Bagasse Pulp, Pulp Wrappers, Reclaimed Fluff Pulp, Bctmp, Off Grade Pulp[2]
b) Paper Products:
Company offers paper for specialized applications such as writing and printing paper, Sack Kraft, Bag Kraft paper, Kraft Liner Boards, Art Paper, Newsprint and various other coated, uncoated and packaging grades.[3]

  • Market Cap 30.0 Cr.
  • Current Price 76.9
  • High / Low 141 / 65.6
  • Stock P/E 8.26
  • Book Value 83.8
  • Dividend Yield 1.30 %
  • ROCE 38.6 %
  • ROE 27.9 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.92 times its book value
  • Company is expected to give good quarter

Cons

  • Contingent liabilities of Rs.22.6 Cr.
  • Earnings include an other income of Rs.4.76 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

Figures in Rs. Crores

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
16.96 17.49 16.41 11.36 15.26 20.25 25.97 37.69 20.15 27.96 33.47 44.29 56.86
16.91 17.46 16.01 11.49 14.61 19.23 24.00 33.39 19.62 26.17 32.27 43.19 57.03
Operating Profit 0.05 0.03 0.40 -0.13 0.65 1.02 1.97 4.30 0.53 1.79 1.20 1.10 -0.17
OPM % 0.29% 0.17% 2.44% -1.14% 4.26% 5.04% 7.59% 11.41% 2.63% 6.40% 3.59% 2.48% -0.30%
0.36 0.43 1.04 0.44 0.54 0.71 1.71 0.62 1.01 0.66 1.58 1.36 1.16
Interest 0.14 0.15 0.08 0.12 0.17 0.16 0.29 0.25 0.29 0.19 0.12 0.16 0.17
Depreciation 0.07 0.07 0.04 0.05 0.07 0.08 0.05 0.06 0.07 0.09 0.03 0.07 0.07
Profit before tax 0.20 0.24 1.32 0.14 0.95 1.49 3.34 4.61 1.18 2.17 2.63 2.23 0.75
Tax % 0.00% 0.00% 50.00% 0.00% 0.00% 0.00% 55.99% 0.00% 0.00% 0.00% 123.19% 30.04% 29.33%
Net Profit 0.20 0.25 0.67 0.14 0.95 1.50 1.47 4.60 1.18 2.17 -0.62 1.56 0.53
EPS in Rs 0.51 0.64 1.72 0.36 2.44 3.85 3.77 11.79 3.03 5.56 -1.59 4.00 1.36
Raw PDF

Profit & Loss

Figures in Rs. Crores

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
23 30 26 40 46 50 53 74 98 71 73 119 163
22 29 25 39 43 49 51 72 96 70 69 111 159
Operating Profit 1 1 0 1 2 0 2 2 2 1 4 8 4
OPM % 5% 3% 2% 2% 5% 1% 4% 3% 2% 2% 5% 7% 2%
0 0 0 1 1 1 1 2 3 2 3 4 5
Interest 0 0 0 0 1 0 0 0 1 1 1 1 1
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 1 1 1 1 2 1 3 3 4 3 6 11 8
Tax % 32% 31% 31% 30% 35% 33% 33% 33% 27% 25% 32% 31%
Net Profit 0 1 0 0 1 1 2 2 3 2 4 7 4
EPS in Rs 1.13 1.38 1.05 1.18 3.72 2.05 5.05 6.00 6.74 4.97 10.38 18.79 9.33
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 5%
Compounded Sales Growth
10 Years: 15%
5 Years: 18%
3 Years: 7%
TTM: 56%
Compounded Profit Growth
10 Years: 30%
5 Years: 30%
3 Years: 50%
TTM: -59%
Stock Price CAGR
10 Years: 28%
5 Years: 24%
3 Years: 68%
1 Year: 14%
Return on Equity
10 Years: 17%
5 Years: 19%
3 Years: 20%
Last Year: 28%

Balance Sheet

Figures in Rs. Crores

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
4 4 4 4 4 4 4 4 4 4 4 4 4
Reserves 1 2 2 3 4 5 8 10 13 15 19 26 29
1 -0 1 1 1 3 1 2 5 3 5 2 2
4 6 4 10 9 5 11 13 13 10 11 17 31
Total Liabilities 10 11 11 18 19 17 23 29 34 32 39 49 66
2 1 2 2 3 3 5 5 5 4 4 5 5
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 3 2 5 2 4 2 2
8 10 9 16 15 14 16 23 24 26 30 42 59
Total Assets 10 11 11 18 19 17 23 29 34 32 39 49 66

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
2 1 -1 4 1 -4 4 1 3 2 6 0
-0 1 -0 -0 -0 2 -3 -1 -1 3 -2 1
-0 -2 1 -0 -0 1 -2 1 2 -2 1 -4
Net Cash Flow 2 -0 -1 4 0 -1 -1 2 4 3 4 -3

Ratios

Figures in Rs. Crores

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 38 47 64 62 57 57 75 67 52 57 51 68
Inventory Days 2 9 7 4 5 2 1 2 1 3 9 2
Days Payable 59 76 63 95 70 36 63 54 47 45 42 45
Cash Conversion Cycle -18 -20 8 -30 -8 24 13 14 6 15 18 24
Working Capital Days 25 13 49 -21 -9 24 4 10 6 17 13 37
ROCE % 22% 20% 14% 14% 32% 15% 28% 26% 19% 14% 27% 39%

Shareholding Pattern

Numbers in percentages

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
47.64 47.64 47.64 47.64 47.64 47.64 47.64 47.64 47.64 47.64 47.64 47.64
0.06 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01
52.31 52.36 52.36 52.36 52.36 52.36 52.36 52.36 52.36 52.36 52.36 52.36

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

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

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