Bombay Rayon Fashions Ltd

About [ edit ]

Bombay Rayon Fashions is engaged in the manufacture of a wide range of fabrics and garments from state of the art production facilities.

  • Market Cap 271 Cr.
  • Current Price 8.55
  • High / Low 15.8 / 6.25
  • Stock P/E
  • Book Value 16.3
  • Dividend Yield 0.00 %
  • ROCE -32.2 %
  • ROE -88.4 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.53 times its book value

Cons

  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -4.96%
  • The company has delivered a poor sales growth of -32.87% over past five years.
  • Promoter holding is low: 28.37%
  • Company has a low return on equity of -39.88% for last 3 years.
  • Contingent liabilities of Rs.271.02 Cr.
  • Promoters have pledged 44.41% of their holding.
  • Company has high debtors of 968.49 days.

Peer comparison

Sector: Textiles Industry: Textiles - Products

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
344 248 189 192 159 109 130 90 10 20 49
678 399 883 883 600 712 570 537 72 145 128
Operating Profit -334 -151 -694 -691 -440 -603 -440 -447 -62 -125 -78
OPM % -97% -61% -367% -359% -277% -554% -337% -498% -624% -624% -160%
Other Income 1 -11 29 29 -164 -19 -141 14 0 -135 -279
Interest 119 99 114 114 100 105 111 126 117 -69 64
Depreciation 41 48 35 35 39 36 36 27 31 32 29
Profit before tax -493 -309 -814 -810 -743 -764 -728 -587 -210 -223 -450
Tax % 31% 37% 29% 29% 32% 39% 17% 56% 28% 27% 19%
Net Profit -342 -196 -577 -575 -507 -462 -603 -258 -152 -162 -366
EPS in Rs -10.77 -6.17 -18.19 -18.12 -15.96 -14.56 -18.98 -8.12 -4.78 -5.12 -11.52

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
1,515 1,801 2,691 2,902 3,302 2,995 3,581 4,210 3,895 3,099 973 488 169
1,201 1,428 2,169 2,210 2,515 2,604 3,061 3,466 3,300 2,901 2,808 2,428 882
Operating Profit 313 373 522 692 787 391 521 744 595 199 -1,835 -1,940 -713
OPM % 21% 21% 19% 24% 24% 13% 15% 18% 15% 6% -189% -397% -422%
Other Income 5 18 30 14 20 -342 41 103 19 22 14 -301 -400
Interest 69 95 148 223 279 451 558 597 673 423 445 442 237
Depreciation 51 82 167 234 291 316 177 181 167 160 160 138 119
Profit before tax 198 214 237 250 238 -718 -174 69 -225 -362 -2,426 -2,821 -1,469
Tax % 31% 24% 14% 33% 46% 33% 24% 59% 28% 21% 30% 35%
Net Profit 137 162 203 167 129 -483 -132 29 -162 -286 -1,691 -1,829 -938
EPS in Rs 19.78 14.44 15.86 12.40 9.61 -35.91 -9.83 2.12 -8.73 -9.00 -53.25 -57.62 -29.54
Dividend Payout % 8% 10% 9% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:-12%
5 Years:-33%
3 Years:-50%
TTM:-71%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:68%
Stock Price CAGR
10 Years:-30%
5 Years:-46%
3 Years:-25%
1 Year:-4%
Return on Equity
10 Years:-13%
5 Years:-27%
3 Years:-40%
Last Year:-88%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
69 112 128 135 135 135 135 135 186 317 317 317 317
Reserves 787 1,739 2,399 2,727 2,716 2,270 2,172 1,894 2,482 3,983 2,292 464 199
Borrowings 1,802 2,490 3,123 3,501 3,969 4,670 5,360 5,596 5,578 4,050 4,408 4,912 4,222
612 359 774 903 1,232 1,115 906 1,278 1,107 989 933 937 1,615
Total Liabilities 3,270 4,700 6,424 7,265 8,052 8,190 8,572 8,902 9,352 9,339 7,950 6,631 6,354
1,074 2,157 3,239 4,156 4,140 3,854 3,666 3,606 3,452 3,299 3,066 2,432 2,219
CWIP 715 554 674 52 132 139 15 5 12 18 18 19 23
Investments 284 391 113 58 48 47 38 23 23 23 23 23 24
1,197 1,597 2,399 2,999 3,732 4,150 4,854 5,268 5,865 5,999 4,843 4,157 4,089
Total Assets 3,270 4,700 6,424 7,265 8,052 8,190 8,572 8,902 9,352 9,339 7,950 6,631 6,354

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
16 -20 29 228 396 -839 523 334 -278 -99 29 -5
-1,266 -1,146 -1,089 -384 -336 -1 69 91 -6 -3 37 147
1,246 1,162 1,051 235 -94 846 -607 -410 256 54 -63 -137
Net Cash Flow -4 -4 -9 79 -34 6 -14 15 -28 -49 3 5

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 13% 9% 8% 8% 8% 1% 5% 8% 6% 1% -25% -32%
Debtor Days 88 79 67 54 74 105 110 112 133 191 503 968
Inventory Turnover 1.76 1.46 1.48 0.95 0.85 0.79 0.92 0.93 0.76 0.61 0.71 1.29

Shareholding Pattern

Numbers in percentages

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
37.67 35.99 35.96 35.90 35.77 35.60 35.60 35.60 35.57 35.15 33.33 28.37
0.07 0.09 0.09 0.09 0.09 0.09 0.09 0.08 0.03 0.03 0.03 0.03
55.04 55.04 56.95 56.90 56.89 56.82 56.69 56.52 56.26 56.26 56.20 56.20
7.21 8.89 7.00 7.12 7.25 7.48 7.61 7.80 8.14 8.56 10.44 15.39

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