Royal Cushion Vinyl Products Ltd

Royal Cushion Vinyl Products Ltd

₹ 29.8 6.57%
12 Apr - close price
About

Incorporated in 1983, Royal Cushion Vinyl Products Ltd manufactures Vinyl Floorings and Rigid Films[1]

Key Points

Business Overview:[1]
Company is engaged in manufacturing of PVC products which includes PVC floor covering and PVC Leather cloth, which are widely used for household, offices, shops, health club, automobiles etc.

  • Market Cap 109 Cr.
  • Current Price 29.8
  • High / Low 42.7 / 8.57
  • Stock P/E 76.9
  • Book Value -46.5
  • Dividend Yield 0.00 %
  • ROCE %
  • ROE %
  • Face Value 10.0

Pros

  • Company has reduced debt.

Cons

  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -26.2%
  • The company has delivered a poor sales growth of -6.19% over past five years.
  • Promoter holding is low: 39.9%
  • Contingent liabilities of Rs.47.4 Cr.
  • Earnings include an other income of Rs.241 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: Plastic products Industry: Plastics Products

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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
19.98 20.64 10.64 22.70 18.54 17.10 15.92 13.77 11.72 10.69 9.10 12.25 16.70
21.66 21.19 12.37 24.43 22.98 20.92 19.89 17.67 14.17 13.80 11.89 13.55 16.21
Operating Profit -1.68 -0.55 -1.73 -1.73 -4.44 -3.82 -3.97 -3.90 -2.45 -3.11 -2.79 -1.30 0.49
OPM % -8.41% -2.66% -16.26% -7.62% -23.95% -22.34% -24.94% -28.32% -20.90% -29.09% -30.66% -10.61% 2.93%
2.02 0.75 0.06 0.19 0.00 62.82 0.00 16.68 0.56 1.42 0.04 239.47 0.16
Interest 0.52 1.22 0.59 0.59 0.61 1.32 0.93 1.43 0.66 0.73 0.67 0.69 0.71
Depreciation 0.42 0.20 0.39 0.38 0.12 0.22 0.26 0.26 0.26 0.51 0.35 0.35 0.36
Profit before tax -0.60 -1.22 -2.65 -2.51 -5.17 57.46 -5.16 11.09 -2.81 -2.93 -3.77 237.13 -0.42
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-0.60 -1.22 -2.65 -2.52 -5.16 57.47 -5.16 11.09 -2.81 -2.93 -3.77 237.13 -0.41
EPS in Rs -0.50 -1.01 -2.20 -2.09 -4.28 47.62 -4.28 9.19 -2.33 -2.43 -3.12 196.51 -0.11
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
47 50 62 75 75 66 72 74 62 61 69 52 49
52 60 75 85 76 75 81 85 72 67 81 66 55
Operating Profit -5 -10 -13 -11 -1 -9 -10 -11 -9 -6 -12 -13 -7
OPM % -11% -21% -21% -14% -1% -14% -14% -16% -15% -9% -17% -26% -14%
13 -0 0 -0 0 12 8 22 8 13 63 19 241
Interest 15 15 11 3 4 5 4 5 4 4 3 4 3
Depreciation 8 8 8 2 1 1 1 1 2 2 1 1 2
Profit before tax -15 -33 -32 -15 -6 -3 -7 4 -7 2 47 0 230
Tax % 0% 0% 0% 1% 0% 0% 0% 0% 0% 0% 0% 0%
-15 -33 -32 -15 -6 -3 -7 4 -7 2 47 0 230
EPS in Rs -12.41 -27.31 -26.64 -12.64 -5.31 -2.36 -5.79 3.65 -5.70 1.66 39.06 0.16 190.85
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 1%
5 Years: -6%
3 Years: -6%
TTM: -17%
Compounded Profit Growth
10 Years: 4%
5 Years: %
3 Years: %
TTM: 170%
Stock Price CAGR
10 Years: 27%
5 Years: 34%
3 Years: 67%
1 Year: 230%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

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 12 12 12 12 12 12 12 12 12 12 12 12 12
Reserves -389 -422 -455 -485 -492 -449 -463 -458 -465 -463 -416 -416 -182
261 290 296 290 297 311 322 328 334 335 305 326 97
189 200 226 241 240 171 169 156 153 152 133 106 102
Total Liabilities 73 80 78 58 58 46 40 38 34 36 35 29 28
52 44 37 21 19 19 20 20 17 13 13 13 12
CWIP 0 0 0 0 0 0 0 0 1 1 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 -0 0
21 36 41 37 38 26 19 17 16 22 22 16 17
Total Assets 73 80 78 58 58 46 40 38 34 36 35 29 28

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
6 -13 8 7 -3 8 3 -1 -2 -8 -1 -35
0 0 -1 1 0 -1 -1 -1 1 12 0 18
-7 14 -6 -8 3 -7 -1 2 1 -3 1 17
Net Cash Flow 0 0 0 -0 0 -0 0 -0 0 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 17 14 21 19 37 24 15 12 9 16 18 11
Inventory Days 174 180 171 126 125 135 93 77 68 84 54 45
Days Payable 319 232 353 474 549 617 552 586 607 607 353 298
Cash Conversion Cycle -128 -38 -160 -328 -387 -458 -444 -497 -529 -507 -280 -242
Working Capital Days -781 -754 -704 -666 -656 -373 -368 -402 -468 -436 -288 -228
ROCE %

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
66.16% 66.16% 66.16% 66.16% 66.16% 66.16% 66.15% 66.15% 66.15% 66.15% 66.15% 39.91%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.36% 0.36% 0.00% 0.00% 0.00% 0.00%
3.52% 3.52% 3.52% 2.57% 2.57% 2.57% 2.57% 2.57% 2.57% 2.57% 2.57% 5.62%
30.32% 30.32% 30.32% 31.27% 31.27% 31.27% 30.90% 30.91% 31.27% 31.28% 31.28% 54.45%
No. of Shareholders 3,2273,2413,2583,5123,4973,5653,6363,6673,7143,7423,7003,790

* 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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