Rajapalayam Mills Ltd

Rajapalayam Mills Ltd

₹ 912 -0.71%
21 Jun - close price
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

Yarn Manufacturing[1]
The company specializes in manufacturing yarn of finer counts ranging from 4s to 300s (single/double yarn), and other value-added products like mercerized, melange, slub, and gassed yarn

  • Market Cap 841 Cr.
  • Current Price 912
  • High / Low 1,154 / 690
  • Stock P/E 49.5
  • Book Value 2,496
  • Dividend Yield 0.11 %
  • ROCE 0.97 %
  • ROE 0.75 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.37 times its book value
  • Promoter holding has increased by 0.85% over last quarter.

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 3.92% over last 3 years.
  • Earnings include an other income of Rs.37.4 Cr.
  • Dividend payout has been low at 0.96% 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

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
137.05 135.30 171.45 168.30 213.86 201.33 216.67 222.57 221.32 200.76 231.83 202.64 223.33
117.71 106.99 131.83 140.76 184.07 162.42 178.15 190.32 198.89 188.79 194.13 183.80 201.90
Operating Profit 19.34 28.31 39.62 27.54 29.79 38.91 38.52 32.25 22.43 11.97 37.70 18.84 21.43
OPM % 14.11% 20.92% 23.11% 16.36% 13.93% 19.33% 17.78% 14.49% 10.13% 5.96% 16.26% 9.30% 9.60%
1.07 2.66 1.42 3.47 17.84 10.26 2.71 1.95 2.31 25.49 2.00 6.45 3.44
Interest 10.25 11.44 9.49 9.62 12.41 11.90 14.05 14.75 14.36 15.57 16.93 20.98 20.55
Depreciation 11.86 12.14 12.54 12.60 13.20 13.83 14.28 14.67 13.84 14.07 15.63 18.86 18.77
Profit before tax -1.70 7.39 19.01 8.79 22.02 23.44 12.90 4.78 -3.46 7.82 7.14 -14.55 -14.45
Tax % -230.59% 34.91% 34.93% 35.04% 118.39% 23.59% 44.88% 25.73% 192.20% -40.54% 51.68% 26.25% 10.80%
32.40 35.64 97.33 19.06 14.55 37.40 7.89 7.86 28.74 23.77 9.77 2.53 8.29
EPS in Rs 35.22 38.74 105.79 20.72 15.82 40.65 8.58 8.52 31.17 25.78 10.60 2.74 8.99
Raw PDF

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 Mar 2023 Mar 2024
335 367 393 407 426 413 358 412 690 862 859
291 287 336 331 368 361 323 372 561 730 769
Operating Profit 43 80 57 76 58 52 35 40 129 132 90
OPM % 13% 22% 15% 19% 14% 13% 10% 10% 19% 15% 10%
20 13 6 5 6 16 8 3 22 17 37
Interest 39 31 27 21 18 22 26 44 43 55 74
Depreciation 31 30 22 21 33 32 34 48 50 57 67
Profit before tax -7 32 15 38 14 14 -16 -49 57 38 -14
Tax % 99% 30% 40% 7% -28% -12% 31% 24% 67% 16% 35%
-0 23 103 145 115 104 92 101 167 82 44
EPS in Rs -0.05 24.52 111.43 157.82 125.48 113.55 100.08 109.98 181.07 88.81 48.11
Dividend Payout % -1,476% 20% 2% 2% 3% 3% 1% 0% 1% 1% 1%
Compounded Sales Growth
10 Years: %
5 Years: 16%
3 Years: 28%
TTM: 0%
Compounded Profit Growth
10 Years: %
5 Years: -30%
3 Years: -45%
TTM: -78%
Stock Price CAGR
10 Years: 11%
5 Years: 3%
3 Years: 8%
1 Year: 25%
Return on Equity
10 Years: %
5 Years: 4%
3 Years: 4%
Last Year: 1%

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 Mar 2023 Mar 2024
Equity Capital 7 7 7 7 7 7 7 7 9 9 9
Reserves 142 159 1,335 1,481 1,594 1,694 1,781 1,883 2,117 2,233 2,292
340 318 287 282 239 458 583 618 747 1,114 1,087
65 73 71 70 55 74 59 63 125 116 128
Total Liabilities 554 558 1,700 1,840 1,895 2,233 2,431 2,572 2,997 3,472 3,516
347 319 300 287 275 313 579 562 660 682 988
CWIP 0 2 0 3 6 86 4 10 37 262 15
Investments 39 41 1,210 1,318 1,406 1,504 1,588 1,716 1,844 1,860 2,104
168 196 190 232 207 330 260 283 456 668 410
Total Assets 554 558 1,700 1,840 1,895 2,233 2,431 2,572 2,997 3,472 3,516

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 Mar 2023 Mar 2024
125 44 45 32 76 21 43 34 4 -46 148
-0 6 6 -5 -10 -209 -132 -25 -152 -304 -46
-127 -50 -53 -26 -68 190 92 -10 149 349 -102
Net Cash Flow -2 0 -1 1 -1 2 3 -1 1 -0 -0

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 Mar 2023 Mar 2024
Debtor Days 37 39 37 39 43 55 52 68 55 67 0
Inventory Days 118 174 206 264 175 249 288 204 264 287 232
Days Payable 42 26 11 17 9 32 30 23 19 12 17
Cash Conversion Cycle 114 187 232 285 209 272 310 250 300 342 215
Working Capital Days 51 85 79 110 95 112 191 169 170 217 194
ROCE % 13% 4% 2% 2% 0% -0% 3% 3%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
54.83% 55.12% 55.12% 55.12% 55.12% 55.12% 55.12% 55.43% 55.43% 55.43% 55.43% 56.28%
1.44% 0.48% 0.25% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07%
2.85% 2.70% 1.94% 1.91% 1.91% 1.91% 1.40% 0.90% 0.36% 0.36% 0.36% 0.36%
40.88% 41.70% 42.69% 42.90% 42.90% 42.91% 43.42% 43.61% 44.15% 44.14% 44.14% 43.30%
No. of Shareholders 5,1996,4386,9907,6807,5747,4367,8787,9507,7557,4567,1147,249

* 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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