Gujarat Raffia Industries Ltd

About

Gujarat Raffia Industries is a manufacturers and exporters of Tarpaulins, Plastic Sheetings, PP Bags Vermibed, Geomembrane etc.

  • Market Cap 8.47 Cr.
  • Current Price 14.2
  • High / Low 18.4 / 6.60
  • Stock P/E 22.9
  • Book Value 31.9
  • Dividend Yield 0.00 %
  • ROCE 3.68 %
  • ROE 1.99 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.45 times its book value
  • Debtor days have improved from 77.80 to 58.38 days.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor growth of -2.71% over past five years.
  • Promoter holding is low: 39.26%
  • Company has a low return on equity of 4.61% for last 3 years.
  • Earnings include an other income of Rs.0.53 Cr.
  • Company's cost of borrowing seems high

Peer comparison

Sector: Packaging Industry: Packaging

Loading peers table ...

Quarterly Results

Figures in Rs. Crores

Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020
9.20 12.70 12.31 10.78 12.33 12.48 9.06 8.88 9.50 6.84 11.86 9.46
8.50 11.85 11.64 10.26 11.73 11.42 8.38 8.36 9.01 6.98 11.38 9.06
Operating Profit 0.70 0.85 0.67 0.52 0.60 1.06 0.68 0.52 0.49 -0.14 0.48 0.40
OPM % 7.61% 6.69% 5.44% 4.82% 4.87% 8.49% 7.51% 5.86% 5.16% -2.05% 4.05% 4.23%
Other Income 0.01 0.03 0.01 0.01 0.01 0.05 0.05 -0.01 0.01 0.49 0.02 0.01
Interest 0.15 0.19 0.15 0.16 0.16 0.23 0.14 0.06 0.05 0.05 0.05 0.04
Depreciation 0.31 0.27 0.21 0.21 0.21 0.45 0.26 0.26 0.29 0.39 0.15 0.15
Profit before tax 0.25 0.42 0.32 0.16 0.24 0.43 0.33 0.19 0.16 -0.09 0.30 0.22
Tax % 24.00% 19.05% 18.75% 18.75% 20.83% 20.93% 18.18% 15.79% 25.00% -88.89% 16.67% 18.18%
Net Profit 0.18 0.34 0.26 0.13 0.19 0.34 0.26 0.16 0.12 -0.18 0.25 0.18
EPS in Rs 0.36 0.68 0.52 0.26 0.35 0.63 0.48 0.30 0.22 -0.33 0.46 0.33
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Figures in Rs. Crores

Mar 2006 Sep 2007 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
18.74 26.76 25.66 27.45 27.72 36.50 38.74 37.03 36.50 38.62 47.56 33.76 37.66
20.00 24.07 24.28 26.22 25.99 33.46 34.42 33.63 32.45 35.44 45.05 32.21 36.43
Operating Profit -1.26 2.69 1.38 1.23 1.73 3.04 4.32 3.40 4.05 3.18 2.51 1.55 1.23
OPM % -6.72% 10.05% 5.38% 4.48% 6.24% 8.33% 11.15% 9.18% 11.10% 8.23% 5.28% 4.59% 3.27%
Other Income 2.58 0.21 0.22 0.25 0.05 0.31 0.10 0.72 0.04 0.01 0.43 0.51 0.53
Interest 0.40 0.54 0.23 0.25 0.40 1.18 1.38 1.11 1.36 0.91 0.72 0.30 0.19
Depreciation 0.66 0.99 0.68 0.53 0.65 1.22 2.06 2.01 1.71 1.21 1.07 1.21 0.98
Profit before tax 0.26 1.37 0.69 0.70 0.73 0.95 0.98 1.00 1.02 1.07 1.15 0.55 0.59
Tax % 3.85% 0.73% 18.84% 20.00% 19.18% 20.00% 19.39% 21.00% 23.53% 20.56% 20.00% 41.82%
Net Profit 0.25 1.36 0.56 0.57 0.58 0.77 0.80 0.79 0.78 0.85 0.92 0.33 0.37
EPS in Rs 0.24 2.72 1.12 1.14 1.16 1.54 1.60 1.58 1.56 1.70 1.70 0.61 0.68
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:%
5 Years:-3%
3 Years:-3%
TTM:-12%
Compounded Profit Growth
10 Years:%
5 Years:-16%
3 Years:-25%
TTM:-61%
Stock Price CAGR
10 Years:5%
5 Years:13%
3 Years:-35%
1 Year:85%
Return on Equity
10 Years:%
5 Years:5%
3 Years:5%
Last Year:2%

Balance Sheet

Figures in Rs. Crores

Mar 2006 Sep 2007 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
10.11 4.99 4.99 4.99 4.99 4.99 4.99 4.99 4.99 4.99 5.40 5.40 5.40
Reserves -4.69 1.80 3.82 4.39 4.97 5.74 6.68 7.47 8.25 9.10 11.05 11.38 11.81
Borrowings 2.91 2.46 4.89 5.92 13.28 20.58 17.90 18.26 10.85 10.23 11.61 1.35 1.53
5.27 3.09 4.04 3.46 4.60 6.00 5.40 3.95 9.23 8.10 9.02 7.52 5.66
Total Liabilities 13.60 12.34 17.74 18.76 27.84 37.31 34.97 34.67 33.32 32.42 37.08 25.65 24.40
6.27 5.70 4.81 3.29 2.64 16.52 14.86 13.01 11.31 10.19 9.57 9.03 8.66
CWIP 0.00 0.00 0.39 0.81 4.71 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.05 0.05 0.05 0.05 0.05 0.05 0.00 0.00 0.00 0.00 6.20
7.33 6.64 12.49 14.61 20.44 20.74 20.06 21.61 22.01 22.23 27.51 16.62 9.54
Total Assets 13.60 12.34 17.74 18.76 27.84 37.31 34.97 34.67 33.32 32.42 37.08 25.65 24.40

Cash Flows

Figures in Rs. Crores

Mar 2006 Sep 2007 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
1.47 1.28 0.88 -2.50 -2.14 6.22 3.98 0.95 8.37 3.47 -0.56 9.22
0.08 -0.40 -0.29 0.65 -3.86 -10.31 -0.21 -0.05 0.08 -0.08 -0.40 -0.61
-1.49 -0.98 0.39 0.82 6.83 4.09 -4.08 -0.76 -8.77 -1.03 3.62 -10.49
Net Cash Flow 0.06 -0.10 0.98 -1.03 0.83 0.00 -0.30 0.14 -0.32 2.36 2.66 -1.89

Ratios

Figures in Rs. Crores

Mar 2006 Sep 2007 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 21.73% 6.34% 5.86% 7.81% 7.75% 7.03% 8.68% 8.18% 7.14% 3.68%
Debtor Days 48.50 19.23 19.35 39.62 83.22 88.10 57.76 88.51 105.90 92.43 82.58 58.38
Inventory Turnover 7.96 2.40 2.03 2.75 2.79 2.64 2.78 3.47 4.21 3.43

Shareholding Pattern

Numbers in percentages

Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020
34.16 34.16 34.16 34.16 39.15 39.15 39.15 39.15 39.15 39.26 39.26 39.26
65.84 65.84 65.84 65.84 60.85 60.85 60.85 60.85 60.85 60.74 60.74 60.74

Documents

Add document