Raj Rayon Industries Ltd

Raj Rayon Industries Ltd

₹ 27.1 2.00%
27 Feb 2:49 p.m.
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

  • Market Cap 1,506 Cr.
  • Current Price 27.1
  • High / Low 91.2 / 15.0
  • Stock P/E 455
  • Book Value 1.95
  • Dividend Yield 0.00 %
  • ROCE -6.99 %
  • ROE -12.4 %
  • Face Value 1.00

Pros

Cons

  • Stock is trading at 13.9 times its book value
  • Company has low interest coverage ratio.
  • 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

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
0.00 0.00 0.00 0.00 0.06 0.00 0.00 0.57 26.26 110.40 153.06 179.63 195.35
0.04 0.04 0.03 0.02 1.86 0.52 0.40 1.14 25.14 108.77 150.88 171.67 185.13
Operating Profit -0.04 -0.04 -0.03 -0.02 -1.80 -0.52 -0.40 -0.57 1.12 1.63 2.18 7.96 10.22
OPM % -3,000.00% -100.00% 4.27% 1.48% 1.42% 4.43% 5.23%
0.00 0.00 0.00 0.00 681.40 -10.27 0.29 0.15 0.03 -0.03 2.84 0.76 0.65
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.10 1.19 2.22 2.18 2.83
Depreciation 8.88 8.88 8.69 8.69 6.89 3.71 3.34 3.35 3.34 3.43 2.55 2.74 2.59
Profit before tax -8.92 -8.92 -8.72 -8.71 672.71 -14.50 -3.45 -3.77 -2.29 -3.02 0.25 3.80 5.45
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 5.30% -16.00% -1.05% 62.39%
-8.92 -8.92 -8.72 -8.71 672.71 -14.51 -3.45 -3.77 -2.29 -2.87 0.29 3.84 2.05
EPS in Rs -0.26 -0.26 -0.25 -0.25 2,947.25 -63.57 -0.06 -0.07 -0.04 -0.05 0.01 0.07 0.04
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
683 713 470 184 452 274 76 18 0 0 0 137 638
630 652 520 186 603 293 92 30 1 0 2 135 616
Operating Profit 52 61 -50 -3 -151 -19 -16 -12 -1 -0 -2 2 22
OPM % 8% 9% -11% -1% -34% -7% -21% -65% 1% 3%
5 4 3 8 2 2 0 0 3 1 671 0 4
Interest 29 34 49 71 89 2 0 0 0 0 0 1 8
Depreciation 24 26 32 42 49 48 37 37 36 36 28 13 11
Profit before tax 5 6 -128 -108 -287 -66 -53 -48 -34 -35 641 -13 6
Tax % 17% 37% 31% 31% -0% 0% 0% 0% 0% 0% 0% 1%
4 4 -88 -75 -287 -66 -53 -48 -34 -35 641 -12 3
EPS in Rs 0.15 0.14 -3.29 -2.81 -8.27 -1.91 -1.52 -1.39 -0.98 -1.00 2,807.32 -0.22 0.07
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -15%
5 Years: 12%
3 Years: %
TTM: 2280%
Compounded Profit Growth
10 Years: %
5 Years: 12%
3 Years: 18%
TTM: 124%
Stock Price CAGR
10 Years: 52%
5 Years: 249%
3 Years: 369%
1 Year: -67%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: -12%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 25 27 27 27 35 35 35 35 35 35 0 56 56
Reserves 79 112 24 -51 -404 -471 -523 -572 -605 -640 100 49 53
Preference Capital 0 14 14 14 14 14 14 14 14 14 0 0
234 354 555 694 713 705 704 700 695 695 0 125 178
232 203 55 53 93 73 70 67 66 66 2 82 91
Total Liabilities 570 696 661 724 436 342 285 230 191 155 102 311 377
180 156 337 369 320 274 237 198 161 126 89 138 138
CWIP 26 186 10 0 0 0 0 0 0 0 6 8 73
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
364 354 315 355 116 68 48 32 30 30 8 165 166
Total Assets 570 696 661 724 436 342 285 230 191 155 102 311 377

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
19 17 -56 -45 -4 7 -1 -2 0 0 -5 -75
-60 -136 -77 -24 22 0 1 2 4 0 -6 -65
41 119 142 59 -17 -6 -1 -0 -4 0 11 140
Net Cash Flow -0 0 9 -9 0 1 -1 -0 0 0 0 0

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 118 92 131 285 24 28 108 336 61
Inventory Days 70 80 14 222 43 30 35 14 248
Days Payable 137 91 26 80 23 10 19 30 249
Cash Conversion Cycle 52 81 119 428 44 48 124 319 60
Working Capital Days 58 68 126 293 -89 -322 -107 -642 122
ROCE % 10% 9% -14% -6% -38% -20% -20% -24% -24% -29% -30% -7%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
34.07% 33.05% 34.07% 34.07% 0.00% 94.96% 94.97% 94.14% 94.14% 94.14% 94.14% 94.14%
0.34% 0.34% 0.34% 0.34% 0.51% 0.00% 0.00% 0.82% 0.82% 0.82% 0.73% 0.33%
65.59% 66.61% 65.59% 65.59% 99.49% 5.04% 5.05% 5.06% 5.06% 5.06% 5.15% 5.55%
No. of Shareholders 21,03811,01522,53010,91620,95420,52320,08320,00221,86121,39622,08124,705

* 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.

Click on the line-items to see the names of individual entities.

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