Indo Rama Synthetics (India) Ltd

₹ 48.0 -0.87%

29 Sep 9:16 a.m.

indoramaindia.com BSE: 500207 NSE : INDORAMA

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. It is also engaged in trading of spun yarn and power generation. ^[1] The application of these products is in Apparel & Sportswear, Home Furnishing & Textiles, Hygiene & Non-woven, and Automotive. ^[2]

Website BSE NSE

Market Cap ₹ 1,253 Cr.
Current Price ₹ 48.0
High / Low ₹ 68.9 / 36.3
Stock P/E
Book Value ₹ 21.9
Dividend Yield 0.00 %
ROCE 3.08 %
ROE -3.79 %
Face Value ₹ 10.0

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Pros

Company has a good return on equity (ROE) track record: 3 Years ROE 28.0%

Cons

Company has low interest coverage ratio.

* 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

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023
	119	476	620	828	695	992	1,099	1,252	1,179	1,137	890	880	770
	159	487	575	727	660	945	1,005	1,123	1,120	1,135	932	857	794
Operating Profit	-41	-11	44	101	35	48	95	129	59	2	-42	23	-24
OPM %	-34%	-2%	7%	12%	5%	5%	9%	10%	5%	0%	-5%	3%	-3%
	-10	11	0	8	0	2	3	1	1	19	0	5	1
Interest	19	17	15	15	14	15	20	14	11	12	16	20	24
Depreciation	8	9	9	8	8	8	8	8	8	8	8	8	8
Profit before tax	-78	-26	21	86	14	27	71	107	40	1	-66	0	-55
Tax %	0%	46%	-262%	-50%	1%	-91%	-35%	0%	4%	-16%	0%	-1,373%	0%
	-78	-14	76	129	14	52	95	107	39	1	-66	2	-55
EPS in Rs	-2.97	-0.53	2.92	4.93	0.54	2.00	3.65	4.10	1.48	0.04	-2.52	0.06	-2.11
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
	2,908	2,656	2,758	2,525	2,459	2,106	2,043	4,038	4,085	3,676
	2,867	2,629	2,635	2,464	2,479	2,128	1,950	3,734	4,041	3,717
Operating Profit	41	27	122	61	-20	-22	93	304	44	-42
OPM %	1%	1%	4%	2%	-1%	-1%	5%	8%	1%	-1%
	202	136	5	-24	55	20	10	9	22	25
Interest	45	50	43	54	91	92	66	62	60	72
Depreciation	158	143	117	78	79	86	34	31	31	32
Profit before tax	40	-31	-33	-94	-135	-180	3	219	-25	-120
Tax %	-1%	56%	38%	140%	40%	-75%	-3,245%	-23%	1%
	40	-14	-21	38	-81	-317	113	269	-25	-118
EPS in Rs	2.65	-0.89	-1.36	2.48	-5.36	-12.12	4.34	10.30	-0.94	-4.53
Dividend Payout %	38%	-112%	-73%	40%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	3%
5 Years:	%
3 Years:	25%
TTM:	-19%

Compounded Profit Growth
10 Years:	6%
5 Years:	%
3 Years:	25%
TTM:	-140%

Stock Price CAGR
10 Years:	12%
5 Years:	18%
3 Years:	26%
1 Year:	-14%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	28%
Last Year:	-4%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	152	152	152	152	152	261	261	261	261
Reserves	456	436	397	450	350	-39	72	339	312
	713	658	517	321	307	471	395	354	890
	866	823	820	1,006	799	790	983	1,152	1,250
Total Liabilities	2,187	2,069	1,886	1,929	1,608	1,483	1,711	2,105	2,713
	1,176	1,270	1,134	935	898	703	691	702	783
CWIP	206	3	6	16	11	7	9	35	324
Investments	10	4	16	1	1	0	0	0	0
	795	791	730	977	698	773	1,012	1,368	1,605
Total Assets	2,187	2,069	1,886	1,929	1,608	1,483	1,711	2,105	2,713

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	-28	-89	221	127	39	-119	182	200	-81
	-34	207	-3	-33	53	40	-18	-75	-348
	65	-115	-208	-111	-93	87	-174	-123	479
Net Cash Flow	3	3	10	-17	-1	8	-9	2	50

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	11	16	16	29	20	16	19	17	14
Inventory Days	46	48	46	48	36	57	102	67	73
Days Payable	80	87	92	136	132	126	221	126	125
Cash Conversion Cycle	-24	-23	-30	-60	-76	-53	-100	-43	-38
Working Capital Days	-7	-8	-15	-24	-44	-36	-35	-8	2
ROCE %		-8%	1%	-1%	-8%		11%	33%	3%

Shareholding Pattern

Numbers in percentages

	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023
	81.72%	75.13%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	74.85%	74.85%	74.85%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.20%	0.18%	0.19%	0.17%
	5.02%	5.02%	4.79%	4.80%	4.79%	4.78%	3.31%	3.23%	3.07%	3.07%	3.07%	3.07%
	0.12%	0.12%	0.12%	0.12%	0.12%	0.13%	0.13%	0.13%	0.00%	0.00%	0.00%	0.00%
	13.14%	19.73%	20.09%	20.08%	20.09%	20.09%	21.56%	21.63%	21.71%	21.90%	21.89%	21.91%
No. of Shareholders	16,526	16,215	16,303	18,717	18,396	19,231	25,029	25,525	25,548	25,255	25,027	25,269

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Jun 2023
	71.87%	73.89%	63.26%	81.72%	75.00%	75.00%	74.85%	74.85%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.19%	0.17%
	12.98%	12.03%	15.78%	5.02%	4.79%	3.31%	3.07%	3.07%
	0.00%	0.00%	0.14%	0.10%	0.12%	0.13%	0.00%	0.00%
	15.15%	14.07%	20.82%	13.16%	20.09%	21.56%	21.89%	21.91%
No. of Shareholders	21,967	21,810	18,025	16,762	16,303	25,029	25,027	25,269

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Indo Rama Synthetics (India) Ltd

Indo Rama Synthetics (India) Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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