Bombay Rayon Fashions Ltd

₹ 5.80 -0.85%
May 17 - close price
About

Bombay Rayon Fashions Ltd was incorporated in 1992. It is mainly engaged in the business of manufacturing textiles consisting of yarn, fabrics and garments. The Company is also engaged in power generation through coal and windmills & manufacturing of buttons. [1]

Key Points

Products & Services
Retail stores and Brand Guru, a brand in Italy, has been a subsidiary of the company since 2008. Guru has stores in 18 countries around the world.
Yarn: The company offers cotton yarn and knitted fabric.
Trims: Under this, the company manufactures buttons.
Other products: The company also offers fabrics and apparel.[1]

  • Market Cap 184 Cr.
  • Current Price 5.80
  • High / Low 13.4 / 5.45
  • Stock P/E
  • Book Value 16.7
  • Dividend Yield 0.00 %
  • ROCE -8.96 %
  • ROE -31.2 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 0.35 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -51.87% over past five years.
  • Promoter holding is low: 26.80%
  • Company has a low return on equity of -57.39% for last 3 years.
  • Contingent liabilities of Rs.271.02 Cr.
  • Company might be capitalizing the interest cost
  • Promoters have pledged 40.98% of their holding.
  • Company has high debtors of 3774.36 days.
  • Promoter holding has decreased over last 3 years: -9.19%

* 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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021
192 159 109 130 90 10 20 20 30 16 22 19
883 600 712 570 537 72 145 145 139 82 91 85
Operating Profit -691 -440 -603 -440 -447 -62 -125 -125 -109 -66 -69 -66
OPM % -359% -277% -554% -337% -498% -624% -624% -624% -367% -407% -316% -352%
29 -164 -19 -141 14 0 -135 -135 559 0 0 -217
Interest 114 100 105 111 126 117 -69 -69 35 22 22 23
Depreciation 35 39 36 36 27 31 32 32 13 17 17 17
Profit before tax -810 -743 -764 -728 -587 -210 -223 -223 403 -104 -108 -323
Tax % 29% 32% 39% 17% 56% 28% 27% 27% -43% 2% 8% 0%
Net Profit -575 -507 -462 -603 -258 -152 -162 -162 575 -103 -99 -323
EPS in Rs -18.12 -15.96 -14.56 -18.98 -8.12 -4.78 -5.12 -5.12 18.10 -3.23 -3.13 -10.17

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
1,801 2,691 2,902 3,302 2,995 3,581 4,210 3,895 3,099 973 488 109 86
1,428 2,169 2,209 2,514 2,602 3,054 3,460 3,295 2,901 2,787 2,402 483 396
Operating Profit 373 522 693 788 392 527 750 600 199 -1,814 -1,914 -375 -310
OPM % 21% 19% 24% 24% 13% 15% 18% 15% 6% -186% -392% -344% -358%
18 30 13 19 -343 34 98 14 22 -8 -327 145 343
Interest 95 148 223 279 451 558 597 673 423 445 442 146 102
Depreciation 82 167 234 291 316 177 181 167 160 160 138 104 64
Profit before tax 214 237 250 238 -718 -174 69 -225 -362 -2,426 -2,821 -479 -133
Tax % 24% 14% 33% 46% 33% 24% 59% 28% 21% 30% 35% 78%
Net Profit 162 203 167 129 -483 -132 29 -162 -286 -1,691 -1,829 -105 50
EPS in Rs 14.44 15.86 12.40 9.61 -35.91 -9.83 2.12 -8.73 -9.00 -53.25 -57.62 -3.32 1.57
Dividend Payout % 10% 9% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -27%
5 Years: -52%
3 Years: -67%
TTM: -38%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 6%
TTM: 46%
Stock Price CAGR
10 Years: -31%
5 Years: -47%
3 Years: -8%
1 Year: -17%
Return on Equity
10 Years: -16%
5 Years: -33%
3 Years: -57%
Last Year: -31%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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
112 128 135 135 135 135 135 186 317 317 317 317 317
Reserves 1,739 2,399 2,727 2,716 2,270 2,172 1,894 2,482 3,983 2,292 464 415 213
Borrowings 2,490 3,123 3,501 3,969 4,670 5,360 5,596 5,578 4,050 4,408 4,912 3,918 3,888
359 774 903 1,232 1,115 906 1,278 1,107 989 933 937 1,486 1,543
Total Liabilities 4,700 6,424 7,265 8,052 8,190 8,572 8,902 9,352 9,339 7,950 6,631 6,137 5,962
2,157 3,239 4,156 4,140 3,854 3,666 3,606 3,452 3,299 3,066 2,432 1,360 1,326
CWIP 554 674 52 132 139 15 5 12 18 18 19 3 3
Investments 391 113 58 48 47 38 23 23 23 23 23 643 643
1,597 2,399 2,999 3,732 4,150 4,854 5,268 5,865 5,999 4,843 4,157 4,131 3,990
Total Assets 4,700 6,424 7,265 8,052 8,190 8,572 8,902 9,352 9,339 7,950 6,631 6,137 5,962

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
-20 29 228 396 -839 523 334 -278 -99 29 -5 366
-1,146 -1,089 -384 -336 -1 69 91 -6 -3 37 147 -343
1,162 1,051 235 -94 846 -607 -410 256 54 -63 -137 -31
Net Cash Flow -4 -9 79 -34 6 -14 15 -28 -49 3 5 -9

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 79 67 54 74 105 110 112 133 191 503 968 3,774
Inventory Days 305 337 470 507 507 451 430 538 641 401 129 1,150
Days Payable 80 103 126 160 176 109 118 87 118 114 125 1,377
Cash Conversion Cycle 304 301 398 421 437 452 424 584 714 789 972 3,547
Working Capital Days 258 230 267 287 347 381 331 435 580 1,169 1,068 -8,302
ROCE % 9% 8% 8% 8% 1% 5% 8% 6% 1% -25% -32% -9%

Shareholding Pattern

Numbers in percentages

Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021
35.96 35.90 35.77 35.60 35.60 35.60 35.57 35.15 33.33 28.37 26.80 26.80
0.09 0.09 0.09 0.09 0.09 0.08 0.03 0.03 0.03 0.03 0.03 0.03
56.95 56.90 56.89 56.82 56.69 56.52 56.26 56.26 56.20 56.20 56.20 54.89
7.00 7.12 7.25 7.48 7.61 7.80 8.14 8.56 10.44 15.39 16.97 18.28

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