Indo Rama Synthetics (India) Ltd

Indo Rama Synthetics (India) Ltd

₹ 45.3 -3.33%
21 Jun - close price
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]

  • Market Cap 1,182 Cr.
  • Current Price 45.3
  • High / Low 67.1 / 36.4
  • Stock P/E
  • Book Value 14.1
  • Dividend Yield 0.00 %
  • ROCE -4.56 %
  • ROE -43.2 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 3.21 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 2.85% over last 3 years.

* 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

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
828 695 992 1,099 1,252 1,179 1,137 890 880 770 1,259 940 904
727 660 945 1,005 1,123 1,120 1,135 932 857 794 1,228 997 895
Operating Profit 101 35 48 95 129 59 2 -42 23 -24 31 -56 10
OPM % 12% 5% 5% 9% 10% 5% 0% -5% 3% -3% 2% -6% 1%
8 0 2 3 1 1 19 0 5 1 1 4 1
Interest 15 14 15 20 14 11 12 16 20 24 31 37 41
Depreciation 8 8 8 8 8 8 8 8 8 8 10 10 11
Profit before tax 86 14 27 71 107 40 1 -66 0 -55 -9 -99 -40
Tax % -50% 1% -91% -35% 0% 4% -16% 0% -1,373% 0% 0% 0% 0%
129 14 52 95 107 39 1 -66 2 -55 -9 -99 -40
EPS in Rs 4.93 0.54 2.00 3.65 4.10 1.48 0.04 -2.52 0.06 -2.11 -0.34 -3.79 -1.55
Raw PDF

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 Mar 2024
2,908 2,656 2,758 2,525 2,459 2,106 2,043 4,038 4,085 3,873
2,867 2,629 2,635 2,464 2,479 2,128 1,950 3,734 4,041 3,913
Operating Profit 41 27 122 61 -20 -22 93 304 44 -40
OPM % 1% 1% 4% 2% -1% -1% 5% 8% 1% -1%
202 136 5 -24 55 20 10 9 22 7
Interest 45 50 43 54 91 92 66 62 60 132
Depreciation 158 143 117 78 79 86 34 31 31 39
Profit before tax 40 -31 -33 -94 -135 -180 3 219 -25 -203
Tax % -1% 56% 38% 140% 40% -75% -3,245% -23% 1% 0%
40 -14 -21 38 -81 -317 113 269 -25 -203
EPS in Rs 2.65 -0.89 -1.36 2.48 -5.36 -12.12 4.34 10.30 -0.94 -7.79
Dividend Payout % 38% -112% -73% 40% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 4%
5 Years: %
3 Years: 24%
TTM: -5%
Compounded Profit Growth
10 Years: -6%
5 Years: %
3 Years: %
TTM: -815%
Stock Price CAGR
10 Years: 7%
5 Years: 12%
3 Years: -4%
1 Year: -6%
Return on Equity
10 Years: %
5 Years: %
3 Years: 3%
Last Year: -43%

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 Mar 2024
Equity Capital 152 152 152 152 152 261 261 261 261 261
Reserves 456 436 397 450 350 -39 72 339 312 107
713 658 517 321 307 471 395 354 890 1,319
866 823 820 1,006 799 790 983 1,152 1,250 1,220
Total Liabilities 2,187 2,069 1,886 1,929 1,608 1,483 1,711 2,105 2,713 2,907
1,176 1,270 1,134 935 898 703 691 702 783 1,217
CWIP 206 3 6 16 11 7 9 35 324 105
Investments 10 4 16 1 1 0 0 0 0 0
795 791 730 977 698 773 1,012 1,368 1,605 1,584
Total Assets 2,187 2,069 1,886 1,929 1,608 1,483 1,711 2,105 2,713 2,907

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 Mar 2024
-28 -89 221 127 39 -119 182 200 -81 -97
-34 207 -3 -33 53 40 -18 -75 -348 -258
65 -115 -208 -111 -93 87 -174 -123 479 322
Net Cash Flow 3 3 10 -17 -1 8 -9 2 50 -32

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 Mar 2024
Debtor Days 11 16 16 29 20 16 19 17 14 16
Inventory Days 46 48 46 48 36 57 102 67 73 67
Days Payable 80 87 92 136 132 126 221 126 125 120
Cash Conversion Cycle -24 -23 -30 -60 -76 -53 -100 -43 -38 -38
Working Capital Days -7 -8 -15 -24 -44 -36 -35 -8 2 9
ROCE % -8% 1% -1% -8% 11% 33% 3%

Shareholding Pattern

Numbers in percentages

3 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 74.85% 74.85% 74.85% 74.85% 74.85% 74.84%
0.00% 0.00% 0.00% 0.00% 0.00% 0.20% 0.18% 0.19% 0.17% 0.17% 0.16% 0.03%
4.80% 4.79% 4.78% 3.31% 3.23% 3.07% 3.07% 3.07% 3.07% 3.07% 3.07% 2.89%
0.12% 0.12% 0.13% 0.13% 0.13% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
20.08% 20.09% 20.09% 21.56% 21.63% 21.71% 21.90% 21.89% 21.91% 21.92% 21.92% 22.24%
No. of Shareholders 18,71718,39619,23125,02925,52525,54825,25525,02725,26925,89325,87828,572

* 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.

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

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