Rainbow Denim Ltd

Rainbow Denim Ltd

₹ 3.44 4.88%
18 May 2023
About

Incorporated in 1999, Rainbow Denim Limited is engaged in the manufacturing of denim fabrics.

Key Points

Product Profile:[1]
Company's collection includes denims in weights ranging from 4.5 to 14.5 oz.
a) Weaves: 1/1 Plain weave, 2/1 and 3/1 Twills, Broken Twills, 4/1 Satins, Herringbone Twills
b) Special finishes: Scoured Finish, Mercerized Denims (Flat Finish), Different types of coating (PU based, Acrylic), with different color casts
c) Shades: Normal Indigo Blue, Super Dark Indigo Blue, Sulphur Bottom Indigo Top Shades, Indigo Bottom Sulphur Top Shades, Sulphur Shades, Sandwich shades, with combinations of Indigo and Sulphur layers of dyeing, Tinting and Over Dyeing in different colors – Yellow, Brown, etc.
d) Product range: OE x OE – Basic Denim, OE x Elastane, Ring x OE, Ring x Ring, Ring x Elastane, Crosshatch denims, Stubby Denims, Structured (Dobby) Denims, Different weaves – 1/1 Plain, 2/1, 3/1, Broken Twills, Satins, Polyester filament weft denims, Poly Stretch fabrics, Multi-count denim fabrics, Overdyed and Tinted denims, Silky Denims, Light weight (5 Oz to 6.5 Oz) denims, Doubled yarn warp denims.

  • Market Cap 4.57 Cr.
  • Current Price 3.44
  • High / Low /
  • Stock P/E 0.33
  • Book Value 28.3
  • Dividend Yield 0.00 %
  • ROCE 16.4 %
  • ROE 45.5 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.12 times its book value
  • Company has delivered good profit growth of 23.4% CAGR over last 5 years
  • Debtor days have improved from 189 to 81.1 days.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Tax rate seems low
  • Company might be capitalizing the interest cost

* 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: Textiles Industry: Textiles - Products

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Quarterly Results

Figures in Rs. Crores

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Dec 2023 Mar 2024 Sep 2024 Dec 2024 Mar 2025
0.00 0.12 0.05 0.29 0.00 0.32 0.28 0.18 2.91 12.02 30.20 36.21 66.47
1.94 1.82 0.89 2.32 0.66 0.58 0.41 0.74 2.15 9.32 26.98 32.39 54.43
Operating Profit -1.94 -1.70 -0.84 -2.03 -0.66 -0.26 -0.13 -0.56 0.76 2.70 3.22 3.82 12.04
OPM % -1,416.67% -1,680.00% -700.00% -81.25% -46.43% -311.11% 26.12% 22.46% 10.66% 10.55% 18.11%
2.79 2.67 2.70 2.85 2.67 2.67 2.60 2.67 0.18 0.07 0.00 0.00 0.44
Interest 2.75 2.72 2.69 2.65 2.62 2.57 2.50 2.45 0.12 0.12 1.32 1.39 2.52
Depreciation 0.29 0.29 0.29 0.28 0.28 0.28 0.27 0.26 0.56 0.56 0.28 0.28 0.88
Profit before tax -2.19 -2.04 -1.12 -2.11 -0.89 -0.44 -0.30 -0.60 0.26 2.09 1.62 2.15 9.08
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%
-2.19 -2.04 -1.12 -2.11 -0.89 -0.44 -0.30 -0.61 0.27 2.09 1.62 2.15 9.08
EPS in Rs -1.65 -1.54 -0.84 -1.59 -0.67 -0.33 -0.23 -0.46 0.20 1.57 1.22 1.62 6.84
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
119 166 219 179 146 70 5 0 1 0 15 164
129 164 218 184 160 92 20 7 2 1 11 143
Operating Profit -10 2 1 -5 -14 -22 -15 -6 -2 -1 3 22
OPM % -8% 1% 1% -3% -9% -32% -283% -1,413% -211% -1,750% 23% 13%
0 1 0 11 25 25 12 11 11 7 0 0
Interest 10 11 7 12 14 12 11 11 10 7 0 6
Depreciation 9 11 5 3 2 2 2 1 1 1 1 2
Profit before tax -28 -20 -10 -9 -5 -11 -16 -7 -2 -2 2 14
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
-28 -20 -10 -9 -5 -11 -16 -7 -2 -2 2 14
EPS in Rs -21.36 -14.69 -7.32 -6.74 -3.85 -8.53 -12.17 -5.62 -1.69 -1.64 1.78 10.50
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 0%
5 Years: 100%
3 Years: 500%
TTM: 1001%
Compounded Profit Growth
10 Years: 11%
5 Years: 23%
3 Years: 102%
TTM: 491%
Stock Price CAGR
10 Years: 2%
5 Years: 9%
3 Years: -10%
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 46%

Balance Sheet

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 13 13 13 13 13 13 13 13 13 13 13
Reserves -54 -117 -126 -135 -141 -152 -167 -175 -177 10 24
143 151 168 99 113 105 118 128 139 70 116
34 45 48 114 108 87 70 63 54 5 12
Total Liabilities 136 93 102 91 94 53 34 30 29 99 165
93 39 35 33 29 26 24 23 22 55 67
CWIP 0 0 0 0 0 0 0 0 0 4 10
Investments 0 0 0 0 0 0 0 0 0 0 0
44 54 67 58 64 27 10 7 7 40 88
Total Assets 136 93 102 91 94 53 34 30 29 99 165

Cash Flows

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
0 -0 3 9 -16 4 -2 -0 -0 4 -76
3 0 -1 -1 15 16 1 0 0 0 -10
-3 -1 -2 -8 1 -21 2 0 0 0 82
Net Cash Flow 0 -1 0 0 -1 -0 0 0 0 4 -4

Ratios

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 69 68 56 77 101 62 115 1,032 624 297 81
Inventory Days 72 61 60 48 59 79 302 508 1,624 530 112
Days Payable 92 109 125 166 207 342 2,306 6,678 26,354 169 27
Cash Conversion Cycle 49 20 -10 -41 -46 -201 -1,888 -5,139 -24,106 658 166
Working Capital Days -46 -28 -5 -157 -146 -447 -7,095 -102,240 -23,821 755 157
ROCE % -16% -12% -6% 20% 16%

Shareholding Pattern

Numbers in percentages

Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022
72.64% 72.64% 72.64% 72.64% 72.66% 72.64% 72.64% 72.64% 72.64% 72.38% 72.38% 72.38%
4.70% 4.70% 4.73% 4.70% 4.70% 4.70% 4.70% 4.70% 4.70% 4.70% 4.70% 4.70%
22.66% 22.66% 22.63% 22.66% 22.64% 22.66% 22.66% 22.66% 22.66% 22.92% 22.92% 22.92%
No. of Shareholders 14,06314,06414,07614,07614,07614,06214,03213,99713,96114,03514,30414,882

* 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.

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