Raj Rayon Industries Ltd

₹ 52.2 0.58%
27 Jan - close price
rajrayon.com BSE: 530699 NSE - BE : RAJRILTD
About

Incorporated in 1993, Raj Rayons Industries Ltd is engaged in the manufacturing and trading of polyester chips, polyester yarn and processed yarn.

Key Points

Product Profile:[1]
Company's products includes yarn of various cross sections namely Round, Trilobal and Octalobal, and also Full Dull, Semi Dull, Bright Yarns, Cationic Yarn, Doped Dyed Yarn, Fire Retardant and Anti Microbial yarns, etc. in the form of:
a) Polyester Textured Yarn
b) Partially Oriented Yarn
c) Fully Drawn Yarn

Website BSE NSE - BE
  • Market Cap ₹ 2,900 Cr.
  • Current Price ₹ 52.2
  • High / Low ₹ 57.4 / 1.29
  • Stock P/E
  • Book Value ₹ 1.97
  • Dividend Yield 0.00 %
  • ROCE -43.7 %
  • ROE %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 26.4 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -81.5% over past five years.
  • Company might be capitalizing the interest cost

* 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 - Processing

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Quarterly Results

Figures in Rs. Crores

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
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.06 0.00 0.00 0.57
0.33 0.51 0.01 0.01 0.05 0.04 0.04 0.03 0.02 1.86 0.52 0.40 1.14
Operating Profit -0.33 -0.51 -0.01 -0.01 -0.05 -0.04 -0.04 -0.03 -0.02 -1.80 -0.52 -0.40 -0.57
OPM % -3,000.00% -100.00%
0.00 3.40 0.00 0.01 0.01 0.00 0.00 0.00 0.00 681.40 -10.27 0.29 0.15
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 9.04 9.02 9.02 8.88 8.88 8.88 8.88 8.69 8.69 6.89 3.71 3.34 3.35
Profit before tax -9.37 -6.13 -9.03 -8.88 -8.92 -8.92 -8.92 -8.72 -8.71 672.71 -14.50 -3.45 -3.77
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Profit -9.36 -6.12 -9.02 -8.88 -8.92 -8.92 -8.92 -8.72 -8.71 672.71 -14.51 -3.45 -3.77
EPS in Rs -0.27 -0.18 -0.26 -0.26 -0.26 -0.26 -0.26 -0.25 -0.25 2,947.25 -63.57 -0.06 -0.07
Raw PDF

Profit & Loss

Figures in Rs. Crores

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
431 683 713 470 184 452 274 76 18 0 0 0 1
387 630 652 520 186 603 293 92 30 1 0 2 4
Operating Profit 44 52 61 -50 -3 -151 -19 -16 -12 -1 -0 -2 -3
OPM % 10% 8% 9% -11% -1% -34% -7% -21% -65% -3,950% -522%
3 5 4 3 8 2 2 0 0 3 1 671 672
Interest 19 29 34 49 71 89 2 0 0 0 0 0 0
Depreciation 21 24 26 32 42 49 48 37 37 36 36 28 17
Profit before tax 7 5 6 -128 -108 -287 -66 -53 -48 -34 -35 641 651
Tax % 41% 17% 37% 31% 31% -0% 0% 0% 0% 0% 0% 0%
Net Profit 4 4 4 -88 -75 -287 -66 -53 -48 -34 -35 641 651
EPS in Rs 0.21 0.15 0.14 -3.29 -2.81 -8.27 -1.91 -1.52 -1.39 -0.98 -1.00 2,807.32 2,883.55
Dividend Payout % 14% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -61%
5 Years: -81%
3 Years: -85%
TTM: %
Compounded Profit Growth
10 Years: %
5 Years: 9%
3 Years: 11%
TTM: 43%
Stock Price CAGR
10 Years: 50%
5 Years: 153%
3 Years: 705%
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Figures in Rs. Crores

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
19 25 41 41 41 49 49 49 49 49 49 0 55
Reserves 70 79 112 24 -51 -404 -471 -523 -572 -605 -640 35 54
168 234 354 555 694 713 705 704 700 695 695 0 29
102 232 203 55 53 93 73 70 67 66 66 67 7
Total Liabilities 360 570 696 661 724 436 342 285 230 191 155 102 145
164 180 156 337 369 320 274 237 198 161 126 89 84
CWIP 6 26 186 10 0 0 0 0 0 0 0 6 44
Investments 2 0 0 0 0 0 0 0 0 0 0 0 0
188 364 354 315 355 116 68 48 32 30 30 8 17
Total Assets 360 570 696 661 724 436 342 285 230 191 155 102 145

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
9 19 17 -56 -45 -4 7 -1 -2 0 0 -7
-27 -60 -136 -77 -24 22 0 1 2 4 0 -4
18 41 119 142 59 -17 -6 -1 -0 -4 0 11
Net Cash Flow 0 -0 0 9 -9 0 1 -1 -0 0 0 0

Ratios

Figures in Rs. Crores

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 70 118 92 131 285 24 28 108 336 0
Inventory Days 93 70 80 14 222 43 30 35 14
Days Payable 89 137 91 26 80 23 10 19 30
Cash Conversion Cycle 75 52 81 119 428 44 48 124 319 0
Working Capital Days 65 58 68 126 293 -89 -322 -107 -642 11,741
ROCE % 11% 11% 9% -14% -6% -38% -20% -20% -24% -24% -29% -44%

Shareholding Pattern

Numbers in percentages

Dec 2019 Mar 2020 Jun 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
34.07 34.07 34.07 34.07 34.07 33.05 34.07 34.07 0.00 94.96 94.97 94.14
0.34 0.34 0.34 0.34 0.34 0.34 0.34 0.34 0.51 0.00 0.00 0.82
65.59 65.59 65.59 65.59 65.59 66.61 65.59 65.59 99.49 5.04 5.05 5.06

* 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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