R&B Denims Ltd
Incorporated in 2010, R&B Denims Ltd manufactures and sells quality Denim Textile products[1]
- Market Cap ₹ 816 Cr.
- Current Price ₹ 90.6
- High / Low ₹ 110 / 54.6
- Stock P/E 41.4
- Book Value ₹ 19.0
- Dividend Yield 0.00 %
- ROCE 18.0 %
- ROE 15.3 %
- Face Value ₹ 2.00
Pros
- Company has delivered good profit growth of 36.5% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 1.11% over past five years.
- Earnings include an other income of Rs.10.6 Cr.
- Promoter holding has decreased over last 3 years: -16.4%
- Working capital days have increased from 71.0 days to 109 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 - Cotton/Blended
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 58 | 107 | 154 | 159 | 205 | 217 | 248 | 258 | 174 | 296 | 276 | 262 | 257 | |
| 52 | 100 | 143 | 148 | 193 | 203 | 235 | 246 | 160 | 262 | 252 | 230 | 230 | |
| Operating Profit | 6 | 8 | 12 | 12 | 12 | 15 | 13 | 12 | 14 | 34 | 25 | 32 | 26 |
| OPM % | 11% | 7% | 7% | 7% | 6% | 7% | 5% | 5% | 8% | 12% | 9% | 12% | 10% |
| 1 | 2 | 2 | 4 | 1 | 3 | 1 | 0 | 4 | 3 | 5 | 3 | 11 | |
| Interest | 3 | 4 | 4 | 4 | 4 | 5 | 4 | 4 | 4 | 4 | 3 | 3 | 3 |
| Depreciation | 4 | 5 | 8 | 9 | 8 | 6 | 5 | 5 | 4 | 5 | 6 | 7 | 7 |
| Profit before tax | 0 | 0 | 1 | 2 | 0 | 7 | 5 | 5 | 10 | 28 | 20 | 25 | 26 |
| Tax % | 17% | 54% | 51% | 34% | 198% | 17% | 23% | 27% | 18% | 25% | 25% | 25% | |
| 0 | 0 | 0 | 1 | -0 | 6 | 4 | 3 | 8 | 21 | 15 | 19 | 20 | |
| EPS in Rs | 0.04 | 0.03 | 0.05 | 0.20 | -0.06 | 0.83 | 0.56 | 0.47 | 1.19 | 3.02 | 2.13 | 2.08 | 2.23 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 1% |
| 3 Years: | 15% |
| TTM: | 2% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 51% |
| 5 Years: | 36% |
| 3 Years: | 30% |
| TTM: | 37% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 45% |
| 5 Years: | 66% |
| 3 Years: | 1% |
| 1 Year: | 48% |
| Return on Equity | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 20% |
| 3 Years: | 21% |
| Last Year: | 15% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 10 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 18 | 18 |
| Reserves | 13 | 15 | 15 | 16 | 16 | 22 | 25 | 21 | 29 | 50 | 65 | 144 | 153 |
| 21 | 36 | 30 | 38 | 33 | 43 | 45 | 46 | 47 | 57 | 34 | 33 | 28 | |
| 4 | 13 | 10 | 10 | 13 | 32 | 28 | 50 | 28 | 32 | 28 | 34 | 17 | |
| Total Liabilities | 44 | 74 | 69 | 79 | 76 | 111 | 113 | 131 | 118 | 153 | 142 | 228 | 216 |
| 24 | 46 | 38 | 37 | 32 | 26 | 23 | 21 | 17 | 34 | 47 | 45 | 41 | |
| CWIP | 1 | 0 | 6 | 2 | 0 | 0 | 0 | 0 | 13 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 13 | 11 | 14 | 16 | 20 | 18 | 19 | 23 | 62 | 59 |
| 18 | 28 | 25 | 27 | 33 | 71 | 74 | 90 | 69 | 100 | 72 | 121 | 115 | |
| Total Assets | 44 | 74 | 69 | 79 | 76 | 111 | 113 | 131 | 118 | 153 | 142 | 228 | 216 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 14 | 4 | 21 | 10 | 11 | -5 | 4 | 5 | 8 | 15 | 38 | 9 | |
| -2 | -25 | -6 | -15 | 1 | -0 | -4 | -2 | -8 | -7 | -19 | -42 | |
| -9 | 18 | -15 | 6 | -12 | 5 | -1 | -0 | -0 | 1 | -27 | 29 | |
| Net Cash Flow | 4 | -3 | 0 | 1 | -0 | 0 | -0 | 3 | 0 | 9 | -7 | -3 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 31 | 28 | 16 | 11 | 24 | 59 | 47 | 78 | 86 | 76 | 42 | 69 |
| Inventory Days | 44 | 63 | 31 | 45 | 26 | 50 | 46 | 35 | 25 | 18 | 28 | 32 |
| Days Payable | 15 | 20 | 17 | 17 | 19 | 58 | 40 | 46 | 30 | 31 | 30 | 37 |
| Cash Conversion Cycle | 60 | 70 | 30 | 38 | 31 | 50 | 54 | 66 | 81 | 64 | 40 | 64 |
| Working Capital Days | 56 | 43 | 10 | 14 | 17 | 47 | 50 | 49 | 70 | 61 | 43 | 109 |
| ROCE % | 9% | 9% | 9% | 10% | 7% | 16% | 11% | 10% | 16% | 29% | 18% | 18% |
Documents
Announcements
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Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
28 Apr - R & B Denims confirms it is not a 'Large Corporate' under SEBI norms as of March 31, 2025.
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Intimation Of Penalty
18 Apr - Penalty of Rs. 43.7 lakh imposed for ITC dispute; company has appealed.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
15 Apr - Certificate under regulation 74(5) of SEBI (DP) Regulations, 2018 for quarter ended 31st March, 2025.
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Announcement under Regulation 30 (LODR)-Updates on Acquisition
12 Apr - Acquired 67% stake in Ricon Textile for Rs. 3.35 crore.
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Intimation Of Adoption Of New Line Of Business And Commencement Of Commercial Production Thereof
10 Apr - Commencement of garment manufacturing business by R&B Denims.
Annual reports
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Financial Year 2024
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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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Business Profile[1]
R & B Denims Ltd., established in 2012 through a collaboration between the RawatKhedia and Borana groups, is a prominent textile manufacturer based in Surat, India. Both founding groups have over 30 years of experience in the textile industry, with the Borana group producing over 1.5 million meters of polyester grey fabrics monthly and the RawatKhedia group processing over 5 million meters of premium synthetic fabrics per month.
Product Portfolio[2]
a) Fabric Range:
100% Cotton, Blends, Cotton -Tencel, Organic Cotton, Power Stretch, Cotton Elastane, Metallic Coating (Shiny), Yarn Dyed Multiple, Coloured Weft, Cotton/Poly/Elastane
b) Specialized Yarns:
Cotton Tencel, Organic Yarns
c) Weaves:
Plain, Rib Stop, Oxford, Matty, Twill, Satin, Dobby, Knitted Dobby, Herring bone, Honey Comb, Broken Twill
d) Shades:
IBST, SBIT, Dark Indigo, Multi-coloured shades
e) Finishes:
Soft finishes, Sanforizing, Desized Silky feel, Mercerized, Coated fabric, Various Chemical & Mechanical finish.
f) Rico:
High quality carded & combed auto coned grey cotton yarns