Royal Cushion Vinyl Products Ltd
Incorporated in 1983, Royal Cushion Vinyl Products Ltd manufactures Vinyl Floorings and Rigid Films[1]
- Market Cap ₹ 104 Cr.
- Current Price ₹ 28.5
- High / Low ₹ 42.7 / 8.68
- Stock P/E 73.5
- 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
Quarterly Results
Figures in Rs. Crores
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: | 66% |
1 Year: | 208% |
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 % |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
15 Apr - Reg 30 of SEBI (LODR) Reg, 2015, please find attached covering letter and newspaper advertisement.
- Notice Of Postal Ballot For Seeking Approval Of Members Of The Company 12 Apr
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 12 Apr
-
Announcement under Regulation 30 (LODR)-Resignation of Statutory Auditors
12 Apr - Resignation of Statutory Auditor M/s. Bipin & Co., Chartered Accountants
-
Announcement under Regulation 30 (LODR)-Resignation of Director
12 Apr - Resignation of Mrs. Harsha Mukesh Shah as an Independent Director
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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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.