Rainbow Denim Ltd

₹ 4.88 4.95%
May 20 - close price
About

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

  • Market Cap 6.48 Cr.
  • Current Price 4.88
  • High / Low 10.2 / 1.35
  • Stock P/E
  • Book Value -123
  • Dividend Yield 0.00 %
  • ROCE %
  • ROE %
  • Face Value 10.0

Pros

  • Company has reduced debt.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -70.85% over past five years.
  • Earnings include an other income of Rs.10.79 Cr.
  • Company has high debtors of 1031.52 days.
  • Company's cost of borrowing seems high

* 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

Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021
6.02 4.16 1.64 0.41 0.00 0.00 0.12 0.05 0.29 0.00 0.32 0.28
11.34 7.99 5.17 4.53 3.26 1.94 1.82 0.89 2.32 0.66 0.58 0.41
Operating Profit -5.32 -3.83 -3.53 -4.12 -3.26 -1.94 -1.70 -0.84 -2.03 -0.66 -0.26 -0.13
OPM % -88.37% -92.07% -215.24% -1,004.88% -1,416.67% -1,680.00% -700.00% -81.25% -46.43%
2.50 2.72 3.49 2.70 2.70 2.79 2.67 2.70 2.85 2.67 2.67 2.60
Interest 2.83 2.81 2.79 2.78 2.76 2.75 2.72 2.69 2.65 2.62 2.57 2.50
Depreciation 0.48 0.49 0.49 0.49 0.42 0.29 0.29 0.29 0.28 0.28 0.28 0.27
Profit before tax -6.13 -4.41 -3.32 -4.69 -3.74 -2.19 -2.04 -1.12 -2.11 -0.89 -0.44 -0.30
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%
Net Profit -6.14 -4.41 -3.32 -4.69 -3.74 -2.19 -2.04 -1.12 -2.11 -0.89 -0.44 -0.30
EPS in Rs -4.62 -3.32 -2.50 -3.53 -2.82 -1.65 -1.54 -0.84 -1.59 -0.67 -0.33 -0.23

Profit & Loss

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
125.48 154.42 180.36 160.29 119.33 166.11 218.69 178.64 146.13 69.83 5.19 0.46 0.89
119.32 134.39 180.46 150.94 128.89 164.38 217.50 183.97 159.93 92.23 19.87 6.96 3.97
Operating Profit 6.16 20.03 -0.10 9.35 -9.56 1.73 1.19 -5.33 -13.80 -22.40 -14.68 -6.50 -3.08
OPM % 4.91% 12.97% -0.06% 5.83% -8.01% 1.04% 0.54% -2.98% -9.44% -32.08% -282.85% -1,413.04% -346.07%
1.38 25.59 2.57 0.63 0.36 0.60 0.16 11.45 24.80 25.28 11.61 11.00 10.79
Interest 15.05 13.37 11.35 11.37 10.02 10.73 6.57 12.02 13.84 12.20 11.20 10.81 10.34
Depreciation 8.91 8.94 8.96 9.16 9.15 11.12 4.51 3.05 2.27 2.01 1.89 1.15 1.11
Profit before tax -16.42 23.31 -17.84 -10.55 -28.37 -19.52 -9.73 -8.95 -5.11 -11.33 -16.16 -7.46 -3.74
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%
Net Profit -16.42 23.31 -17.84 -10.55 -28.38 -19.52 -9.73 -8.95 -5.11 -11.33 -16.16 -7.46 -3.74
EPS in Rs -9.02 12.80 -9.80 -14.48 -21.36 -14.69 -7.32 -6.74 -3.85 -8.53 -12.17 -5.62 -2.82
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -44%
5 Years: -71%
3 Years: -85%
TTM: -91%
Compounded Profit Growth
10 Years: %
5 Years: 4%
3 Years: 17%
TTM: 59%
Stock Price CAGR
10 Years: -2%
5 Years: -17%
3 Years: -4%
1 Year: 249%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Sep 2021
18.21 18.21 18.21 7.28 13.28 13.28 13.28 13.28 13.28 13.28 13.28 13.28 13.28
Reserves -38.54 -15.70 -25.30 -25.39 -54.24 -116.68 -126.41 -135.43 -140.59 -151.99 -167.40 -174.93 -176.27
Borrowings 142.14 147.85 137.67 143.70 143.15 151.10 167.80 98.57 113.07 104.57 117.65 128.46 54.33
48.01 32.30 34.19 33.89 34.07 45.08 47.59 114.34 107.95 87.00 70.38 63.49 137.97
Total Liabilities 169.82 182.66 164.77 159.48 136.26 92.78 102.26 90.76 93.71 52.86 33.91 30.30 29.31
124.66 115.57 111.57 102.04 92.53 38.57 35.23 32.86 29.47 25.97 24.08 22.92 22.36
CWIP 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
Investments 0.07 0.05 0.04 0.04 0.04 0.04 0.03 0.03 0.03 0.03 0.03 0.03 0.03
45.09 67.04 53.16 57.40 43.69 54.17 67.00 57.87 64.21 26.86 9.80 7.35 6.92
Total Assets 169.82 182.66 164.77 159.48 136.26 92.78 102.26 90.76 93.71 52.86 33.91 30.30 29.31

Cash Flows

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
-1.47 3.53 23.71 2.56 0.28 -0.11 2.95 9.28 -16.29 4.23 -2.27 -0.42
-0.61 -0.66 -6.11 -0.49 2.58 0.31 -0.99 -0.72 14.79 16.11 0.55 0.48
2.02 -1.65 -18.06 -2.63 -2.75 -1.02 -1.84 -8.15 0.93 -20.72 1.93 0.00
Net Cash Flow -0.06 1.22 -0.46 -0.56 0.11 -0.82 0.12 0.41 -0.56 -0.38 0.22 0.05

Ratios

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 61.67 45.34 46.89 60.50 69.10 68.03 56.06 77.38 101.36 62.20 115.34 1,031.52
Inventory Days 96.33 183.95 66.19 93.90 71.81 61.00 59.83 47.63 59.46 78.89 301.98 507.58
Days Payable 59.16 67.92 74.09 87.71 91.82 109.31 125.48 165.92 206.90 342.24 2,305.54 6,678.36
Cash Conversion Cycle 98.84 161.36 38.99 66.70 49.09 19.72 -9.59 -40.92 -46.09 -201.14 -1,888.22 -5,139.26
Working Capital Days -13.18 71.88 39.20 53.83 17.43 12.99 26.79 -124.29 -119.27 -329.51 -4,441.18 -46,450.22
ROCE % -1.06% 8.36% -5.50% 0.69% -16.11% -11.73% -6.17% 19.81%

Shareholding Pattern

Numbers in percentages

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 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

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