Indo Rama Synthetics (India) Ltd

₹ 56.0 0.54%
05 Dec 3:40 p.m.
About

Indo Rama Synthetics (India) Ltd is engaged in manufacturing polyester products such as Polyester Staple Fibre, Partially Oriented Yarn etc. [1]

Key Points

Product Portfolio
The company offers polyester products such as Polyester Filament Yarn (PFY), Polyester Staple Fibre (PSF), Draw Texturised Yarn (DTY), Fully Drawn Yarn (FDY), Specialty Fibre and Chips. The application of these products is in Apparel & Sportswear, Home Furnishing & Textiles, Hygiene & Non-woven products etc. [1]

  • Market Cap 1,461 Cr.
  • Current Price 56.0
  • High / Low 90.8 / 48.2
  • Stock P/E 5.93
  • Book Value 24.6
  • Dividend Yield 0.00 %
  • ROCE 33.9 %
  • ROE 57.5 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 35.8% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Tax rate seems low
  • Company has a low return on equity of 7.87% over last 3 years.
  • Company's cost of borrowing seems high

* 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 - Manmade

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
570.63 541.52 462.03 118.61 471.68 618.14 814.36 670.56 972.82 1,058.04 1,199.71 1,135.44 1,078.04
572.15 541.19 489.71 159.35 483.01 573.64 713.56 635.71 925.88 963.70 1,071.15 1,075.40 1,074.71
Operating Profit -1.52 0.33 -27.68 -40.74 -11.33 44.50 100.80 34.85 46.94 94.34 128.56 60.04 3.33
OPM % -0.27% 0.06% -5.99% -34.35% -2.40% 7.20% 12.38% 5.20% 4.83% 8.92% 10.72% 5.29% 0.31%
0.23 0.48 18.61 -9.96 11.23 0.40 7.53 0.40 1.97 3.28 0.72 0.50 19.36
Interest 21.24 19.40 19.36 18.52 16.93 15.10 15.37 13.70 14.62 19.46 14.10 10.78 12.39
Depreciation 21.59 21.54 21.41 8.40 8.76 8.73 7.89 7.59 7.63 7.77 8.08 8.06 7.85
Profit before tax -44.12 -40.13 -49.84 -77.62 -25.79 21.07 85.07 13.96 26.66 70.39 107.10 41.70 2.45
Tax % 0.00% -378.77% 0.00% 0.00% 45.83% -261.51% -50.70% 0.00% -94.04% -35.53% 0.00% 3.62% 0.00%
Net Profit -44.12 -192.13 -49.84 -77.62 -13.97 76.17 128.20 13.96 51.73 95.40 107.10 40.19 2.45
EPS in Rs -1.69 -7.36 -1.91 -2.97 -0.54 2.92 4.91 0.53 1.98 3.65 4.10 1.54 0.09
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
2,791 2,967 2,908 2,635 2,758 2,525 2,459 2,247 1,692 2,106 2,023 3,901 4,471
2,416 3,028 2,866 2,626 2,635 2,464 2,450 2,191 1,788 2,128 1,930 3,599 4,185
Operating Profit 376 -61 42 9 122 61 9 57 -97 -22 93 302 286
OPM % 13% -2% 1% 0% 4% 2% 0% 3% -6% -1% 5% 8% 6%
52 315 202 136 4 -25 24 -4 -110 20 10 9 24
Interest 70 61 45 35 43 54 91 94 131 92 66 62 57
Depreciation 150 154 158 135 117 78 79 83 83 86 34 31 32
Profit before tax 208 38 41 -25 -34 -96 -138 -125 -422 -180 3 218 222
Tax % 33% 16% -1% 68% 37% 137% 39% 34% 36% -76% -4,031% -23%
Net Profit 139 32 41 -8 -22 36 -84 -83 -271 -316 113 268 245
EPS in Rs 9.18 2.11 2.72 -0.54 -1.42 2.35 -5.53 -5.45 -15.22 -12.11 4.32 10.27 9.38
Dividend Payout % 22% 48% 37% -186% -71% 43% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 3%
5 Years: 10%
3 Years: 32%
TTM: 45%
Compounded Profit Growth
10 Years: 20%
5 Years: 36%
3 Years: 55%
TTM: -9%
Stock Price CAGR
10 Years: 9%
5 Years: 11%
3 Years: 28%
1 Year: 9%
Return on Equity
10 Years: -10%
5 Years: -9%
3 Years: 8%
Last Year: 58%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
152 152 152 152 152 152 152 152 178 261 261 261 261
Reserves 448 448 457 442 402 452 350 268 63 -39 72 338 381
608 587 566 511 373 321 307 366 574 471 395 326 306
1,189 918 865 812 822 872 799 711 775 790 965 1,127 1,191
Total Liabilities 2,397 2,104 2,040 1,917 1,748 1,797 1,608 1,497 1,590 1,484 1,693 2,052 2,139
1,322 1,274 1,173 1,060 939 935 898 840 759 703 688 697 704
CWIP 8 27 3 0 3 16 11 3 2 7 9 32 78
Investments 18 15 47 41 44 61 1 1 0 1 3 6 10
1,048 789 817 816 762 785 698 654 828 772 994 1,316 1,347
Total Assets 2,397 2,104 2,040 1,917 1,748 1,797 1,608 1,497 1,590 1,484 1,693 2,052 2,139

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
327 -1 -27 -93 182 127 39 28 -211 -118 181 198
-7 78 106 191 16 -32 53 -6 17 39 -17 -49
-322 -86 -76 -96 -187 -112 -93 -14 185 87 -174 -149
Net Cash Flow -3 -9 3 2 11 -17 -1 8 -9 8 -10 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 13 12 11 15 15 29 20 18 13 16 19 17
Inventory Days 128 54 46 48 46 48 36 25 50 57 100 68
Days Payable 146 83 80 87 92 136 132 135 158 126 220 129
Cash Conversion Cycle -5 -17 -24 -24 -30 -60 -76 -92 -95 -53 -101 -44
Working Capital Days -24 -13 -2 -7 -15 -33 -44 -53 -69 -36 -35 -8
ROCE % 21% -1% -7% -10% 1% -1% -8% -3% -22% -12% 11% 34%

Shareholding Pattern

Numbers in percentages

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
81.72 81.72 81.72 81.72 75.13 75.00 75.00 75.00 75.00 75.00 75.00 75.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.20
5.22 5.02 5.02 5.02 5.02 4.79 4.80 4.79 4.78 3.31 3.23 3.07
0.09 0.10 0.10 0.12 0.12 0.12 0.12 0.12 0.13 0.13 0.13 0.00
12.97 13.16 13.15 13.14 19.73 20.09 20.08 20.09 20.09 21.56 21.63 21.71

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

Please click on the line-items to see the names of individual entities.

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