Rishi Techtex Ltd

Rishi Techtex Ltd

₹ 51.5 -4.77%
18 Apr - close price
About

Incorporated in 1984, Rishi Techtex Ltd manufactures HDPE/PP, Paper Laminated Bags and Shade nets[1]

Key Points

Business Divisions:[1]
a) Woven Division:
Company supplies Woven Sack to various companies in India and caters to the packing requirement in Cement, Petrochemical & other Industries
b) Knitted Division:
Shade nets, mulch mats, crop covers, windbreakers, shade sails and fire protection nets

  • Market Cap 38.1 Cr.
  • Current Price 51.5
  • High / Low 64.9 / 19.1
  • Stock P/E 24.1
  • Book Value 42.2
  • Dividend Yield 0.00 %
  • ROCE 7.06 %
  • ROE 3.44 %
  • Face Value 10.0

Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 9.92% over past five years.
  • Promoter holding is low: 34.4%
  • Tax rate seems low
  • Company has a low return on equity of 3.21% over last 3 years.

* 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: Packaging Industry: Packaging

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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
24.83 29.25 20.25 23.72 31.88 25.01 24.17 26.97 27.21 28.49 25.96 28.29 27.72
23.04 27.09 18.76 22.48 30.05 23.22 22.77 25.54 25.76 26.82 24.12 26.69 26.04
Operating Profit 1.79 2.16 1.49 1.24 1.83 1.79 1.40 1.43 1.45 1.67 1.84 1.60 1.68
OPM % 7.21% 7.38% 7.36% 5.23% 5.74% 7.16% 5.79% 5.30% 5.33% 5.86% 7.09% 5.66% 6.06%
0.04 0.09 -0.01 0.01 0.09 0.13 0.05 0.05 0.14 0.18 0.05 0.04 0.06
Interest 0.65 0.63 0.52 0.54 0.67 0.62 0.57 0.66 0.72 0.73 0.59 0.69 0.68
Depreciation 0.50 0.51 0.52 0.52 0.52 0.57 0.58 0.60 0.62 0.63 0.74 0.61 0.68
Profit before tax 0.68 1.11 0.44 0.19 0.73 0.73 0.30 0.22 0.25 0.49 0.56 0.34 0.38
Tax % 0.00% 16.22% 0.00% 94.74% 27.40% 53.42% 26.67% 27.27% 24.00% -14.29% 26.79% 14.71% 13.16%
0.68 0.92 0.45 0.01 0.53 0.33 0.22 0.16 0.18 0.55 0.41 0.29 0.33
EPS in Rs 0.92 1.24 0.61 0.01 0.72 0.45 0.30 0.22 0.24 0.74 0.55 0.39 0.45
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
36 36 43 48 62 59 67 84 76 81 101 107 110
33 34 39 44 57 54 60 76 70 76 95 101 104
Operating Profit 3 2 4 4 5 5 6 8 6 5 6 6 7
OPM % 9% 5% 9% 9% 8% 9% 9% 10% 8% 6% 6% 6% 6%
0 1 1 0 0 0 0 0 0 0 0 0 0
Interest 2 2 2 2 1 1 2 2 2 3 2 3 3
Depreciation 1 1 1 2 2 1 2 2 2 2 2 2 3
Profit before tax 1 -1 1 1 2 3 3 4 2 1 2 1 2
Tax % 0% 0% 0% 0% 9% 15% 20% 28% 55% 30% 37% 11%
1 -1 1 1 2 2 3 3 1 0 1 1 2
EPS in Rs 1.90 -1.74 2.30 2.39 3.02 3.46 3.42 3.95 1.35 0.57 1.79 1.50 2.13
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 12%
5 Years: 10%
3 Years: 12%
TTM: 7%
Compounded Profit Growth
10 Years: 11%
5 Years: -16%
3 Years: 1%
TTM: 78%
Stock Price CAGR
10 Years: 23%
5 Years: 4%
3 Years: 28%
1 Year: 162%
Return on Equity
10 Years: 7%
5 Years: 5%
3 Years: 3%
Last Year: 3%

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 6 6 6 6 6 7 7 7 7 7 7 7 7
Reserves 7 6 7 9 11 12 15 18 19 21 22 23 24
12 14 14 12 9 10 16 19 20 22 23 26 23
9 11 12 12 13 16 14 12 13 13 14 17 20
Total Liabilities 33 36 38 38 39 46 52 56 60 63 67 73 75
10 13 13 12 12 12 17 17 22 21 24 25 24
CWIP 3 0 0 0 0 3 2 2 0 1 0 0 0
Investments 1 1 1 0 0 0 0 0 0 0 0 0 0
19 22 24 26 27 30 32 37 38 41 43 47 50
Total Assets 33 36 38 38 39 46 52 56 60 63 67 73 75

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
3 1 2 2 4 3 6 7 5 1 5 8
-3 -2 -0 1 -1 -5 -6 -2 -4 -2 -4 -4
0 1 -2 -3 -3 2 -1 -4 -1 1 -1 -4
Net Cash Flow 0 0 -0 0 -0 0 -0 1 -1 -0 0 0

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 66 72 57 57 43 56 55 44 44 47 43 48
Inventory Days 155 153 160 149 113 134 132 130 170 160 124 121
Days Payable 109 116 109 98 72 85 64 48 59 50 41 45
Cash Conversion Cycle 112 110 108 109 84 105 123 126 155 157 127 125
Working Capital Days 70 90 93 100 82 94 108 103 120 122 101 105
ROCE % 12% 2% 10% 10% 12% 15% 15% 16% 10% 6% 9% 7%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
34.45% 34.45% 34.45% 34.45% 34.45% 34.45% 34.45% 34.45% 34.45% 34.45% 34.45% 34.45%
65.55% 65.55% 65.55% 65.55% 65.55% 65.55% 65.56% 65.56% 65.56% 65.55% 65.54% 65.54%
No. of Shareholders 3,8673,8143,8243,9343,9703,9203,9263,9103,8824,0294,1194,109

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