R&B Denims Ltd

R&B Denims Ltd

₹ 36.8 1.46%
05 Dec 10:13 a.m.
About

R&B Denims was established in the year 2012 and is promoted by the RawatKhedia Group and the Borana Group. The Company is engaged in the business of manufacturing and sale of quality Denim Textile products. [1][2][3]

Key Points

Products
The Co’s products include open end/ ring spun yarns, slub yarns, multi count, cottons and polyester spandex. They come as Indigo dyed, Sulphur Dyed, Indigo bottom Sulphur toppings and Sulphur bottom and Indigo toppings, with both foam and wet finishes. It also has a wide range of innovative and high-quality denim fabrics. [1]

  • Market Cap 257 Cr.
  • Current Price 36.8
  • High / Low 48.0 / 14.0
  • Stock P/E 21.9
  • Book Value 12.4
  • Dividend Yield 0.00 %
  • ROCE 17.2 %
  • ROE 18.6 %
  • Face Value 2.00

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 25.4%
  • Debtor days have improved from 62.0 to 42.8 days.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
33.02 61.22 86.58 46.17 65.04 80.72 101.30 117.01 30.11 45.08 70.57 51.99 66.36
30.10 52.34 72.71 38.80 55.46 68.90 87.79 105.71 18.48 39.52 64.79 40.44 57.36
Operating Profit 2.92 8.88 13.87 7.37 9.58 11.82 13.51 11.30 11.63 5.56 5.78 11.55 9.00
OPM % 8.84% 14.51% 16.02% 15.96% 14.73% 14.64% 13.34% 9.66% 38.63% 12.33% 8.19% 22.22% 13.56%
0.53 0.07 0.31 0.01 0.40 0.54 1.67 2.50 0.20 1.24 0.77 0.45 0.41
Interest 1.31 1.01 2.00 1.08 1.19 1.42 2.01 1.47 1.45 1.17 1.34 1.23 1.56
Depreciation 1.77 1.40 1.61 1.47 1.57 2.09 4.63 2.74 2.82 3.24 3.64 2.92 3.61
Profit before tax 0.37 6.54 10.57 4.83 7.22 8.85 8.54 9.59 7.56 2.39 1.57 7.85 4.24
Tax % 100.00% 18.96% 30.56% 30.43% 24.65% 26.55% 25.76% 27.11% 28.44% 19.67% 28.03% 34.65% 16.27%
0.01 5.29 7.33 3.36 5.44 6.51 6.34 6.99 5.42 1.93 1.14 5.13 3.56
EPS in Rs 0.00 0.76 1.05 0.48 0.78 0.93 0.91 1.00 0.77 0.28 0.16 0.73 0.51
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
244 257 182 293 263 234
221 237 157 251 228 202
Operating Profit 23 20 25 42 34 32
OPM % 9% 8% 14% 14% 13% 14%
0 0 1 3 5 3
Interest 7 6 6 6 5 5
Depreciation 10 9 7 10 12 13
Profit before tax 7 5 14 29 21 16
Tax % 32% 34% 28% 27% 27%
5 4 10 22 15 12
EPS in Rs 0.55 0.47 1.18 3.02 2.13 1.68
Dividend Payout % 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 1%
TTM: -29%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 59%
TTM: -48%
Stock Price CAGR
10 Years: %
5 Years: 39%
3 Years: 86%
1 Year: -19%
Return on Equity
10 Years: %
5 Years: %
3 Years: 25%
Last Year: 19%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 14 14 14 14 14 14
Reserves 25 21 29 50 65 73
71 70 68 86 52 89
24 41 26 33 23 85
Total Liabilities 134 145 137 184 154 261
52 46 36 61 69 103
CWIP 0 0 14 0 0 0
Investments 1 1 1 1 1 2
81 98 85 121 84 156
Total Assets 134 145 137 184 154 261

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
14 6 16 16 50
-3 2 -11 -19 -16
-11 -4 -5 12 -39
Net Cash Flow -0 3 0 10 -5

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 47 73 73 70 43
Inventory Days 58 50 49 51 36
Days Payable 30 36 25 31 19
Cash Conversion Cycle 75 87 98 90 60
Working Capital Days 59 59 77 81 62
ROCE % 11% 19% 26% 17%

Shareholding Pattern

Numbers in percentages

Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
73.79% 73.79% 73.79% 73.79% 73.79% 73.79% 73.79% 73.79% 73.79% 73.79% 73.79% 73.79%
26.21% 26.21% 26.21% 26.21% 26.21% 26.21% 26.21% 26.22% 26.22% 26.21% 26.22% 26.22%
No. of Shareholders 1771717161,2123,2973,8663,4963,9023,7245,6355,1884,751

Documents

Concalls