Rajapalayam Mills Ltd

₹ 870 -0.58%
16 Aug 12:33 p.m.
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: 91% in FY21 vs 90% in FY18
Power from Windmill: 9% in FY21 vs 10% in FY18. [1] [2]

  • Market Cap 749 Cr.
  • Current Price 870
  • High / Low 1,398 / 700
  • Stock P/E 4.56
  • Book Value 2,470
  • Dividend Yield 0.11 %
  • ROCE 3.48 %
  • ROE 8.01 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.35 times its book value
  • Company is expected to give good quarter
  • Market value of investments Rs.2,702 Cr. is more than the Market Cap Rs.756 Cr.

Cons

  • Company has a low return on equity of 6.39% for 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
103 88 78 88 45 107 122 137 135 171 168 214 201
91 74 77 82 48 98 109 118 107 133 141 184 162
Operating Profit 12 15 1 7 -2 9 13 19 28 38 28 30 39
OPM % 12% 17% 1% 8% -6% 9% 11% 14% 21% 22% 16% 14% 19%
1 1 2 5 1 1 1 1 3 3 3 18 10
Interest 6 7 6 7 12 11 11 10 11 9 10 12 12
Depreciation 9 9 8 8 12 12 12 12 12 13 13 13 14
Profit before tax -2 0 -11 -4 -26 -13 -9 -2 7 19 9 22 23
Tax % 25% 125% 38% 18% 31% 35% 35% -231% 35% 35% 35% 118% 24%
Net Profit 31 30 10 21 5 34 30 32 36 97 19 15 37
EPS in Rs 36.07 34.84 11.90 24.26 5.92 38.98 35.08 37.65 41.42 113.10 22.15 16.91 43.46

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
335 367 393 407 426 413 358 412 690 755
291 287 336 331 368 361 323 372 561 621
Operating Profit 43 80 57 76 58 52 35 40 129 134
OPM % 13% 22% 15% 19% 14% 13% 10% 10% 19% 18%
20 13 6 5 6 16 8 3 22 35
Interest 39 31 27 21 18 22 26 44 43 43
Depreciation 31 30 22 21 33 32 34 48 50 52
Profit before tax -7 32 15 38 14 14 -16 -49 57 73
Tax % 99% 30% 40% 7% -28% -12% 31% 24% 67%
Net Profit -0 23 103 145 115 104 92 101 167 168
EPS in Rs -0.06 26.23 119.21 168.83 134.23 121.48 107.06 117.58 193.57 195.62
Dividend Payout % -1,476% 20% 2% 2% 3% 3% 1% 0% 1%
Compounded Sales Growth
10 Years: 8%
5 Years: 11%
3 Years: 19%
TTM: 50%
Compounded Profit Growth
10 Years: 136%
5 Years: 2%
3 Years: 15%
TTM: 26%
Stock Price CAGR
10 Years: 16%
5 Years: -1%
3 Years: 7%
1 Year: -20%
Return on Equity
10 Years: %
5 Years: 7%
3 Years: 6%
Last Year: 8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
7 7 7 7 7 7 7 7 9
Reserves 142 159 1,335 1,481 1,594 1,694 1,781 1,883 2,117
340 318 287 282 239 458 583 618 747
65 73 71 70 55 74 59 63 125
Total Liabilities 554 558 1,700 1,840 1,895 2,233 2,431 2,572 2,997
347 319 300 287 275 313 579 562 660
CWIP 0 2 0 3 6 86 4 10 37
Investments 39 41 1,210 1,318 1,406 1,504 1,588 1,716 1,844
168 196 190 232 207 330 260 283 456
Total Assets 554 558 1,700 1,840 1,895 2,233 2,431 2,572 2,997

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
125 44 45 32 76 21 43 34 4
-0 6 6 -5 -10 -209 -132 -25 -152
-127 -50 -53 -26 -68 190 92 -10 149
Net Cash Flow -2 0 -1 1 -1 2 3 -1 1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 37 39 37 39 43 55 52 68 55
Inventory Days 118 174 206 264 175 249 288 204 264
Days Payable 42 26 11 17 9 32 30 23 19
Cash Conversion Cycle 114 187 232 285 209 272 310 250 300
Working Capital Days 51 85 79 110 95 112 191 169 170
ROCE % 13% 4% 2% 2% 0% -0% 3%

Shareholding Pattern

Numbers in percentages

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
53.17 53.32 53.32 53.32 53.32 53.32 53.32 54.83 55.12 55.12 55.12 55.12
1.26 1.47 0.44 1.81 1.86 1.88 1.55 1.44 0.48 0.25 0.07 0.07
2.58 2.42 2.54 2.60 2.75 2.75 2.85 2.85 2.70 1.94 1.91 1.91
42.99 42.79 43.70 42.27 42.07 42.05 42.28 40.88 41.70 42.69 42.90 42.90

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