Indo Rama Synthetics (India) Ltd

About [ edit ]

Indo Rama Synthetics (India) is a manufacturer of polyester filament yarn (PFY), polyester staple fibre (PSF), draw texturised yarn (DTY), specialty fiber and chips. The Company is also engaged in trading of spun yarn, and also engaged in power generation, which is used primarily for captive consumption.

  • Market Cap 1,074 Cr.
  • Current Price 41.2
  • High / Low 47.7 / 11.5
  • Stock P/E
  • Book Value 5.00
  • Dividend Yield 0.00 %
  • ROCE %
  • ROE %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 8.23 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -5.12% over past five years.
  • Company's cost of borrowing seems high

Peer comparison

Sector: Textiles Industry: Textiles - Manmade

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
542 477 119 476 620
541 490 159 487 575
Operating Profit 0 -13 -41 -11 44
OPM % 0% -3% -34% -2% 7%
Other Income 0 4 -10 11 0
Interest 19 19 19 17 15
Depreciation 22 21 8 9 9
Profit before tax -40 -50 -78 -26 21
Tax % -377% 0% 0% 46% -262%
Net Profit -192 -50 -78 -14 76
EPS in Rs -7.37 -1.92 -2.97 -0.53 2.92

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2020 TTM
2,908 2,656 2,758 2,525 2,459 2,121 1,691
2,906 2,729 2,654 2,464 2,456 2,128 1,712
Operating Profit 1 -73 103 61 3 -8 -21
OPM % 0% -3% 4% 2% 0% -0% -1%
Other Income 241 236 24 -24 32 5 6
Interest 45 50 43 54 91 92 70
Depreciation 158 143 117 78 79 86 47
Profit before tax 40 -31 -33 -94 -135 -180 -132
Tax % -1% 56% 38% 140% 40% -75%
Net Profit 40 -14 -21 38 -81 -317 -65
EPS in Rs 2.65 -0.89 -1.36 2.48 -5.36 -12.12 -2.50
Dividend Payout % 38% -112% -73% 40% 0% 0%
Compounded Sales Growth
10 Years:%
5 Years:-5%
3 Years:-5%
TTM:%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:%
Stock Price CAGR
10 Years:-3%
5 Years:5%
3 Years:10%
1 Year:232%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2020 Sep 2020
152 152 152 152 152 261 261
Reserves 456 436 397 450 350 -39 -131
Borrowings 713 658 517 321 307 471 445
866 823 820 1,006 799 790 815
Total Liabilities 2,187 2,069 1,886 1,929 1,608 1,483 1,391
1,176 1,270 1,134 935 898 703 692
CWIP 206 3 6 16 11 7 10
Investments 10 4 16 1 1 0 0
795 791 730 977 698 773 689
Total Assets 2,187 2,069 1,886 1,929 1,608 1,483 1,391

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2020
-28 -89 221 127 39 -119
-34 207 -3 -33 53 40
65 -115 -208 -111 -93 87
Net Cash Flow 3 3 10 -17 -1 8

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2020
ROCE % -8% 1% -1% -8%
Debtor Days 11 16 16 29 20 16
Inventory Turnover 7.92 8.24 8.04 9.54

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
73.89 70.73 70.02 63.26 81.72 81.72 81.72 81.72 81.72 81.72 75.13 75.00
11.95 11.36 11.24 15.78 5.31 5.33 5.22 5.02 5.02 5.02 5.02 4.79
0.00 0.00 0.00 0.14 0.09 0.09 0.09 0.10 0.10 0.12 0.12 0.12
14.16 17.92 18.74 20.82 12.88 12.86 12.97 13.16 13.15 13.14 19.73 20.09

Documents