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
  • Book Value -123
  • Dividend Yield 0.00 %
  • ROCE %
  • ROE %
  • Face Value 10.0

Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -66.4% over past five years.
  • Earnings include an other income of Rs.10.6 Cr.
  • Company has high debtors of 624 days.

* 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 Mar 2022
6.02 4.16 1.64 0.41 0.00 0.00 0.12 0.05 0.29 0.00 0.32 0.28 0.18
11.34 7.99 5.17 4.53 3.26 1.94 1.82 0.89 2.32 0.66 0.58 0.41 0.74
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 -0.56
OPM % -88.37% -92.07% -215.24% -1,004.88% -1,416.67% -1,680.00% -700.00% -81.25% -46.43% -311.11%
2.50 2.72 3.49 2.70 2.70 2.79 2.67 2.70 2.85 2.67 2.67 2.60 2.67
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 2.45
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 0.26
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 -0.60
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%
-6.14 -4.41 -3.32 -4.69 -3.74 -2.19 -2.04 -1.12 -2.11 -0.89 -0.44 -0.30 -0.61
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 -0.46
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
154.42 180.36 160.29 119.33 166.11 218.69 178.64 146.13 69.83 5.19 0.46 0.76
134.39 180.46 150.94 128.89 164.38 217.50 183.97 159.93 92.23 19.87 6.96 2.36
Operating Profit 20.03 -0.10 9.35 -9.56 1.73 1.19 -5.33 -13.80 -22.40 -14.68 -6.50 -1.60
OPM % 12.97% -0.06% 5.83% -8.01% 1.04% 0.54% -2.98% -9.44% -32.08% -282.85% -1,413.04% -210.53%
25.59 2.57 0.63 0.36 0.60 0.16 11.45 24.80 25.28 11.61 11.00 10.60
Interest 13.37 11.35 11.37 10.02 10.73 6.57 12.02 13.84 12.20 11.20 10.81 10.14
Depreciation 8.94 8.96 9.16 9.15 11.12 4.51 3.05 2.27 2.01 1.89 1.15 1.10
Profit before tax 23.31 -17.84 -10.55 -28.37 -19.52 -9.73 -8.95 -5.11 -11.33 -16.16 -7.46 -2.24
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%
23.31 -17.84 -10.55 -28.38 -19.52 -9.73 -8.95 -5.11 -11.33 -16.16 -7.46 -2.24
EPS in Rs 12.80 -9.80 -14.48 -21.36 -14.69 -7.32 -6.74 -3.85 -8.53 -12.17 -5.62 -1.69
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: -42%
5 Years: -66%
3 Years: -78%
TTM: 65%
Compounded Profit Growth
10 Years: 7%
5 Years: 12%
3 Years: 24%
TTM: 70%
Stock Price CAGR
10 Years: -1%
5 Years: -9%
3 Years: 27%
1 Year: 0%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity Capital 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 -15.70 -19.30 -19.39 -54.24 -116.68 -126.41 -135.43 -140.59 -151.99 -167.40 -174.93 -177.20
147.85 137.67 143.70 143.15 151.10 167.80 98.57 113.07 104.57 117.65 128.46 138.59
32.30 28.19 27.89 34.07 45.08 47.59 114.34 107.95 87.00 70.38 63.49 54.02
Total Liabilities 182.66 164.77 159.48 136.26 92.78 102.26 90.76 93.71 52.86 33.91 30.30 28.69
115.57 111.57 102.04 92.53 38.57 35.23 32.86 29.47 25.97 24.08 22.92 21.83
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
Investments 0.05 0.04 0.04 0.04 0.04 0.03 0.03 0.03 0.03 0.03 0.03 0.03
67.04 53.16 57.40 43.69 54.17 67.00 57.87 64.21 26.86 9.80 7.35 6.83
Total Assets 182.66 164.77 159.48 136.26 92.78 102.26 90.76 93.71 52.86 33.91 30.30 28.69

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
3.53 23.71 2.56 0.28 -0.11 2.95 9.28 -16.29 4.23 -2.27 -0.42 -0.03
-0.66 -6.11 -0.49 2.58 0.31 -0.99 -0.72 14.79 16.11 0.55 0.48 0.09
-1.65 -18.06 -2.63 -2.75 -1.02 -1.84 -8.15 0.93 -20.72 1.93 0.00 0.00
Net Cash Flow 1.22 -0.46 -0.56 0.11 -0.82 0.12 0.41 -0.56 -0.38 0.22 0.05 0.05

Ratios

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 45.34 46.89 60.50 69.10 68.03 56.06 77.38 101.36 62.20 115.34 1,031.52 624.34
Inventory Days 183.95 66.19 93.90 71.81 61.00 59.83 47.63 59.46 78.89 301.98 507.58 1,623.88
Days Payable 67.92 74.09 87.71 91.82 109.31 125.48 165.92 206.90 342.24 2,305.54 6,678.36 26,354.49
Cash Conversion Cycle 161.36 38.99 66.70 49.09 19.72 -9.59 -40.92 -46.09 -201.14 -1,888.22 -5,139.26 -24,106.27
Working Capital Days 71.83 18.60 17.40 -46.13 -27.55 -5.24 -157.04 -146.32 -447.27 -7,094.64 -102,239.67 -23,821.05
ROCE % 8.36% -5.39% 0.66% -15.70% -11.73% -6.17% 19.81%

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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