Rajapalayam Mills Ltd

₹ 750 1.02%
25 Nov - 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

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

  • Market Cap 645 Cr.
  • Current Price 750
  • High / Low 1,398 / 700
  • Stock P/E 8.56
  • Book Value 2,523
  • Dividend Yield 0.13 %
  • ROCE 3.48 %
  • ROE 8.01 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.30 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.645 Cr.

Cons

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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
88.44 78.00 88.50 45.23 107.30 122.24 137.05 135.30 171.45 168.30 213.86 201.33 216.67
73.68 77.12 81.62 47.72 98.12 109.18 117.71 106.99 131.83 140.76 184.07 162.42 178.15
Operating Profit 14.76 0.88 6.88 -2.49 9.18 13.06 19.34 28.31 39.62 27.54 29.79 38.91 38.52
OPM % 16.69% 1.13% 7.77% -5.51% 8.56% 10.68% 14.11% 20.92% 23.11% 16.36% 13.93% 19.33% 17.78%
0.88 2.18 4.60 0.71 1.18 0.95 1.07 2.66 1.42 3.47 17.84 10.26 2.71
Interest 6.86 5.75 7.23 12.04 11.27 10.92 10.25 11.44 9.49 9.62 12.41 11.90 14.05
Depreciation 8.54 8.31 8.06 11.73 11.97 12.04 11.86 12.14 12.54 12.60 13.20 13.83 14.28
Profit before tax 0.24 -11.00 -3.81 -25.55 -12.88 -8.95 -1.70 7.39 19.01 8.79 22.02 23.44 12.90
Tax % 125.00% 38.45% 18.37% 31.23% 34.94% 34.86% -230.59% 34.91% 34.93% 35.04% 118.39% 23.59% 44.88%
Net Profit 29.96 10.23 20.86 5.09 33.52 30.17 32.40 35.64 97.33 19.06 14.55 37.40 7.89
EPS in Rs 34.84 11.90 24.26 5.92 38.98 35.08 37.65 41.42 113.10 22.15 16.91 43.46 9.17
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 TTM
335 367 393 407 426 413 358 412 690 800
291 287 336 331 368 361 323 372 561 665
Operating Profit 43 80 57 76 58 52 35 40 129 135
OPM % 13% 22% 15% 19% 14% 13% 10% 10% 19% 17%
20 13 6 5 6 16 8 3 22 34
Interest 39 31 27 21 18 22 26 44 43 48
Depreciation 31 30 22 21 33 32 34 48 50 54
Profit before tax -7 32 15 38 14 14 -16 -49 57 67
Tax % 99% 30% 40% 7% -28% -12% 31% 24% 67%
Net Profit -0 23 103 145 115 104 92 101 167 79
EPS in Rs -0.06 26.23 119.21 168.83 134.23 121.48 107.06 117.58 193.57 91.69
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: 41%
Compounded Profit Growth
10 Years: 136%
5 Years: 2%
3 Years: 15%
TTM: -61%
Stock Price CAGR
10 Years: 13%
5 Years: -8%
3 Years: 0%
1 Year: -23%
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 Sep 2022
7 7 7 7 7 7 7 7 9 9
Reserves 142 159 1,335 1,481 1,594 1,694 1,781 1,883 2,117 2,162
340 318 287 282 239 458 583 618 747 964
65 73 71 70 55 74 59 63 125 120
Total Liabilities 554 558 1,700 1,840 1,895 2,233 2,431 2,572 2,997 3,256
347 319 300 287 275 313 579 562 660 660
CWIP 0 2 0 3 6 86 4 10 37 100
Investments 39 41 1,210 1,318 1,406 1,504 1,588 1,716 1,844 1,962
168 196 190 232 207 330 260 283 456 533
Total Assets 554 558 1,700 1,840 1,895 2,233 2,431 2,572 2,997 3,256

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

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
53.32 53.32 53.32 53.32 53.32 53.32 54.83 55.12 55.12 55.12 55.12 55.12
1.47 0.44 1.81 1.86 1.88 1.55 1.44 0.48 0.25 0.07 0.07 0.07
2.42 2.54 2.60 2.75 2.75 2.85 2.85 2.70 1.94 1.91 1.91 1.91
42.79 43.70 42.27 42.07 42.05 42.28 40.88 41.70 42.69 42.90 42.90 42.91

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