Rajapalayam Mills Ltd

₹ 662 -1.28%
27 Jan - close price
rajapalayammills.co.in BSE: 532503
About

Rajapalayam Mills Limited is principally engaged in the business of manufacturing cotton yarn and fabrics. It also produces power from its windmills. [1]

Key Points

Business Segments
Textiles: 95% in FY22 vs 90% in FY18
Power from Windmill: 5% in FY22 vs 10% in FY18. [1] [2]

Website BSE
  • Market Cap ₹ 610 Cr.
  • Current Price ₹ 662
  • High / Low ₹ 1,134 / 650
  • Stock P/E 15.1
  • Book Value ₹ 450
  • Dividend Yield 0.15 %
  • ROCE 9.30 %
  • ROE 4.40 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter

Cons

  • Company has a low return on equity of -0.27% over last 3 years.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.64.4 Cr.
  • Dividend payout has been low at 4.13% of profits 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 - Cotton/Blended

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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
88 78 88 45 107 122 137 135 171 168 214 201 217
74 77 82 48 98 109 118 107 132 141 184 162 178
Operating Profit 15 1 7 -2 9 13 19 28 40 28 30 39 39
OPM % 17% 1% 8% -6% 9% 11% 14% 21% 23% 16% 14% 19% 18%
11 2 12 1 1 1 12 3 1 3 37 10 13
Interest 7 6 7 12 11 11 10 11 9 10 12 12 14
Depreciation 9 8 8 12 12 12 12 12 13 13 13 14 14
Profit before tax 11 -11 4 -26 -13 -9 9 7 19 9 41 23 24
Tax % 3% 38% -20% 31% 35% 35% 43% 35% 35% 35% 63% 24% 25%
Net Profit 10 -7 4 -18 -8 -6 5 5 12 6 15 18 18
EPS in Rs 11.17 -7.36 4.63 -19.10 -9.11 -6.33 5.58 5.23 13.45 6.21 16.74 19.47 19.28
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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
326 327 345 434 389 393 407 426 413 358 412 690 800
238 285 272 343 342 336 331 368 361 323 372 561 665
Operating Profit 88 42 73 91 47 57 76 58 52 35 40 129 135
OPM % 27% 13% 21% 21% 12% 15% 19% 14% 13% 10% 10% 19% 17%
11 20 16 7 17 22 5 17 28 26 14 41 64
Interest 29 37 26 28 28 27 21 18 22 26 44 43 48
Depreciation 32 30 28 28 17 22 21 33 32 34 48 50 54
Profit before tax 39 -5 34 41 19 31 38 25 26 1 -38 77 97
Tax % 31% 125% 30% 36% 37% 19% 7% -15% -6% -386% 30% 50%
Net Profit 27 1 24 27 12 25 36 29 28 6 -27 38 57
EPS in Rs 1.43 25.84 28.90 13.09 27.12 39.05 31.79 30.24 6.97 -28.95 41.61 61.70
Dividend Payout % 20% 56% 19% 21% 15% 9% 8% 10% 11% 12% -1% 2%
Compounded Sales Growth
10 Years: 8%
5 Years: 11%
3 Years: 19%
TTM: 41%
Compounded Profit Growth
10 Years: 26%
5 Years: -17%
3 Years: -20%
TTM: 112%
Stock Price CAGR
10 Years: 11%
5 Years: -12%
3 Years: -6%
1 Year: -37%
Return on Equity
10 Years: 7%
5 Years: 4%
3 Years: 0%
Last Year: 4%

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
4 7 7 7 7 7 7 7 7 7 7 9 9
Reserves 145 150 168 179 188 204 239 265 288 291 264 370 405
410 297 285 360 308 287 282 239 458 583 618 747 964
88 67 76 89 89 70 69 53 72 59 63 125 120
Total Liabilities 646 521 536 636 593 569 598 565 826 940 953 1,251 1,498
328 310 285 323 307 300 287 275 313 579 562 660 660
CWIP 1 0 2 1 3 0 3 6 86 4 10 37 100
Investments 39 46 46 41 78 78 76 76 97 97 97 97 72
277 165 202 272 206 190 232 207 330 260 283 456 666
Total Assets 646 521 536 636 593 569 598 565 826 940 953 1,251 1,498

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
13 121 43 54 78 45 32 76 21 43 34 4
-51 -0 7 -24 -22 6 -5 -10 -209 -132 -25 -152
39 -124 -49 -28 -59 -53 -26 -68 190 92 -10 149
Net Cash Flow 1 -3 1 2 -3 -1 1 -1 2 3 -1 1

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 45 36 39 34 39 37 39 43 55 52 68 55
Inventory Days 334 116 171 226 174 206 264 175 249 288 204 264
Days Payable 52 42 27 7 9 11 17 9 32 30 23 19
Cash Conversion Cycle 326 110 183 253 204 232 285 209 272 310 250 300
Working Capital Days 135 52 82 107 82 80 110 96 114 191 169 170
ROCE % 13% 6% 13% 14% 7% 11% 12% 8% 8% 3% 1% 9%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
53.32 53.32 53.32 53.32 53.32 54.83 55.12 55.12 55.12 55.12 55.12 55.12
0.44 1.81 1.86 1.88 1.55 1.44 0.48 0.25 0.07 0.07 0.07 0.07
2.54 2.60 2.75 2.75 2.85 2.85 2.70 1.94 1.91 1.91 1.91 1.40
43.70 42.27 42.07 42.05 42.28 40.88 41.70 42.69 42.90 42.90 42.91 43.42

* 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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