Refnol Resins & Chemicals Ltd
₹ 103
-1.58%
10 Oct 2023
About
Incorporated in 1980, Refnol Resins & Chemicals Ltd manufactures and markets resins and chemicals[1]
Key Points
- Market Cap ₹ 31.8 Cr.
- Current Price ₹ 103
- High / Low ₹ 112 / 70.0
- Stock P/E 118
- Book Value ₹ 41.8
- Dividend Yield 0.00 %
- ROCE 5.84 %
- ROE 2.18 %
- Face Value ₹ 10.0
Pros
- Company's working capital requirements have reduced from 65.3 days to 50.5 days
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 6.36% over past five years.
- Company has a low return on equity of -0.59% 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.
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Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 18.87 | 19.00 | 15.71 | 20.28 | 22.65 | 24.25 | 27.95 | 31.56 | 26.02 | 19.02 | 34.81 | 38.05 | 37.69 | |
| 19.54 | 18.69 | 15.76 | 19.81 | 20.98 | 22.68 | 26.78 | 29.38 | 24.46 | 18.10 | 33.69 | 36.44 | 36.09 | |
| Operating Profit | -0.67 | 0.31 | -0.05 | 0.47 | 1.67 | 1.57 | 1.17 | 2.18 | 1.56 | 0.92 | 1.12 | 1.61 | 1.60 |
| OPM % | -3.55% | 1.63% | -0.32% | 2.32% | 7.37% | 6.47% | 4.19% | 6.91% | 6.00% | 4.84% | 3.22% | 4.23% | 4.25% |
| 0.05 | 0.09 | -0.54 | 0.12 | 0.12 | 0.63 | 0.62 | 0.37 | 0.40 | 0.15 | 0.04 | 0.03 | 0.03 | |
| Interest | 1.46 | 1.25 | 1.10 | 0.95 | 0.83 | 0.91 | 0.99 | 1.17 | 0.94 | 0.96 | 0.81 | 0.82 | 0.82 |
| Depreciation | 0.15 | 0.15 | 0.16 | 0.08 | 0.09 | 0.44 | 0.46 | 0.51 | 0.45 | 0.45 | 0.48 | 0.54 | 0.54 |
| Profit before tax | -2.23 | -1.00 | -1.85 | -0.44 | 0.87 | 0.85 | 0.34 | 0.87 | 0.57 | -0.34 | -0.13 | 0.28 | 0.27 |
| Tax % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 11.76% | 23.53% | 0.00% | 15.79% | 0.00% | -30.77% | 0.00% | |
| -2.24 | -1.00 | -1.85 | -0.43 | 0.87 | 0.75 | 0.26 | 0.87 | 0.48 | -0.34 | -0.17 | 0.28 | 0.27 | |
| EPS in Rs | -7.23 | -3.23 | -5.97 | -1.39 | 2.81 | 2.42 | 0.84 | 2.81 | 1.55 | -1.10 | -0.55 | 0.90 | 0.88 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 38.05% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 6% |
| 3 Years: | 14% |
| TTM: | -3% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 1% |
| 3 Years: | -16% |
| TTM: | 1250% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | 36% |
| 3 Years: | 54% |
| 1 Year: | 26% |
| Return on Equity | |
|---|---|
| 10 Years: | 1% |
| 5 Years: | 2% |
| 3 Years: | -1% |
| Last Year: | 2% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3.31 | 3.31 | 3.31 | 3.31 | 3.31 | 3.31 | 3.31 | 3.31 | 3.31 | 3.31 | 3.31 | 3.31 |
| Reserves | 1.68 | 0.44 | -1.65 | -2.30 | -1.58 | 8.62 | 8.93 | 9.79 | 9.88 | 9.62 | 9.45 | 9.65 |
| 4.62 | 5.24 | 4.66 | 4.35 | 4.58 | 4.91 | 5.83 | 5.76 | 6.26 | 5.82 | 5.74 | 6.23 | |
| 7.28 | 6.52 | 9.54 | 10.53 | 10.54 | 10.31 | 11.15 | 10.53 | 8.95 | 9.02 | 13.68 | 12.25 | |
| Total Liabilities | 16.89 | 15.51 | 15.86 | 15.89 | 16.85 | 27.15 | 29.22 | 29.39 | 28.40 | 27.77 | 32.18 | 31.44 |
| 5.94 | 5.82 | 5.40 | 5.13 | 4.99 | 15.26 | 15.13 | 14.96 | 15.22 | 14.82 | 15.18 | 15.19 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.48 | 0.00 | 0.00 | 0.00 | 0.40 |
| Investments | 0.89 | 0.89 | 0.89 | 0.89 | 0.89 | 0.89 | 0.89 | 0.89 | 0.89 | 0.89 | 0.89 | 0.89 |
| 10.06 | 8.80 | 9.57 | 9.87 | 10.97 | 11.00 | 13.20 | 13.06 | 12.29 | 12.06 | 16.11 | 14.96 | |
| Total Assets | 16.89 | 15.51 | 15.86 | 15.89 | 16.85 | 27.15 | 29.22 | 29.39 | 28.40 | 27.77 | 32.18 | 31.44 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.13 | 0.49 | 1.67 | 1.47 | 0.72 | 0.21 | 0.27 | 2.02 | 0.67 | 1.36 | 1.47 | 1.43 | |
| 0.03 | -0.20 | 0.01 | 0.04 | -0.08 | 0.36 | -0.08 | -0.62 | 0.07 | 0.01 | -0.81 | -0.92 | |
| -0.22 | -0.64 | -1.86 | -1.30 | -0.63 | -0.68 | -0.05 | -1.24 | -0.68 | -1.45 | -0.91 | -0.27 | |
| Net Cash Flow | -0.06 | -0.35 | -0.18 | 0.21 | 0.01 | -0.10 | 0.14 | 0.16 | 0.06 | -0.08 | -0.25 | 0.24 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 87.24 | 82.22 | 115.01 | 88.37 | 96.21 | 97.84 | 103.56 | 75.29 | 90.90 | 125.89 | 98.04 | 86.91 |
| Inventory Days | 99.57 | 85.53 | 99.58 | 82.91 | 91.90 | 64.90 | 56.15 | 58.09 | 70.91 | 94.12 | 73.40 | 63.48 |
| Days Payable | 113.93 | 96.50 | 114.06 | 119.21 | 131.91 | 110.47 | 119.90 | 101.79 | 88.63 | 148.53 | 116.13 | 104.29 |
| Cash Conversion Cycle | 72.88 | 71.26 | 100.52 | 52.08 | 56.20 | 52.27 | 39.82 | 31.59 | 73.17 | 71.48 | 55.31 | 46.11 |
| Working Capital Days | 74.08 | 70.50 | 94.79 | 60.65 | 74.93 | 51.48 | 45.31 | 33.42 | 66.91 | 93.26 | 52.11 | 50.46 |
| ROCE % | -6.75% | 2.90% | -1.96% | 8.73% | 29.13% | 15.21% | 7.62% | 11.05% | 7.88% | 3.25% | 3.65% | 5.84% |
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
23 Oct 2023 - Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 30th September, 2023
-
Announcement under Regulation 30 (LODR)-Scheme of Arrangement
29 Sep 2023 - September, 2023, The Scheme of Arrangement in the nature of Amalgamation has become effective from today i.e. 29th September, 2023 after filing of necessary forms …
- Closure of Trading Window 29 Sep 2023
- Approval Of 11Th October 2023 As The Record Date To Determine The Members Of The Refnol Resins And Chemicals Limited To Whom Equity Shares Of Indokem Limited Will Be Allotted. 27 Sep 2023
- Board Meeting Outcome for Outcome Of The Board Meeting Held On 27Th September 2023 27 Sep 2023
Annual reports
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Financial Year 2023
from bse
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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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Product Profile:[1]
a) Textile Sizing Chemicals: Used for sizing of warp yarns, these chemicals find applications in textile weaving industry
b) Polyester Resins: Saturated polyester resins, Unsaturated polyester resins and Vinyl Ester resins
c) Garment Wet Processing Chemicals: Special textile enzyme formulations to softeners, wetting agents, anti-backstain agents, etc.
d) Textile Auxiliaries: Used in different stages of the fabric manufacturing process including pretreatment, finishing and specialties
e) Laundry & Cleaning Chemicals: Used in commercial laundries & dry cleaners and for house-keeping, kitchen hygiene and building maintenance applications